Art News. Vasari Codex

trending_up market schedule Feb 18, 2026 visibility 19 link 4 artists

sothebys hikes buyers fees restitution battle franz marc painting

Sotheby's has increased its buyer's premiums globally, with the new fee structure taking effect on February 13. The changes mean buyers of lower-value lots will pay higher rates, with the premium for works sold in New York for up to $2 million rising from 27% to 28%. This move follows similar adjustments by rivals Christie's and Phillips, as auction houses seek to bolster revenue during a prolonged art market downturn. Sotheby's also recently raised $900 million through art-backed loans via securitization.

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article culture schedule Jun 10, 2025 visibility 8 link 1 artist

maura brewer money laundering art

Maura Brewer, a Los Angeles-based artist and academic, creates video works that expose the role of art in money laundering. Her 2021 piece *Private Client Services* demonstrates the laundering process, while *Offshore* (2024) serves as a satirical guide for artists navigating global finance, featuring locations like the Cayman Islands and Geneva Freeport. Her ongoing project *Leverage* examines art-backed loans through the case of collector Daniel Sundheim. Brewer also works as a private investigator and recently lost her home in the Eaton Fire.

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trending_up market schedule Jan 12, 2026 visibility 12 link 3 artists

art market minute jan 12

Artnet's Price Database reveals signs of recovery at the top end of the art market in 2025, following three years of contraction. The article highlights gains in high-value sales, exemplified by Gustav Klimt's "Bildnis Elisabeth Lederer" pictured at Sotheby's Marquee Sales Series in New York. It also notes a growing trend of small and emerging galleries working with artists' estates, and reports that roughly half of art-backed loans by non-bank businesses defaulted in 2024.

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trending_up market schedule Jan 6, 2026 visibility 12 link 1 artist

non bank art loans defaults rise deloitte private arttactic

Half of non-bank art lenders experienced loan defaults in 2024, up from 17 percent in 2022, according to the Art and Finance Report 2025 by Deloitte Private and ArtTactic. The report notes that while the wider art market has shrunk since 2022—sales fell 12 percent to $57.5 billion in 2024—the market for art-backed loans has grown to an estimated $33.9–$40 billion. Non-bank lenders are increasingly taking on riskier clients, with some charging over 15 percent interest, while private banks reported zero defaults in 2024.

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trending_up market schedule Apr 12, 2026 visibility 12 link 4 artists

Kruso Art in the former Cinema De Amicis and advance lending on auction lots

Kruso Art has inaugurated its new Milan headquarters within the historic former Cinema De Amicis, following a six-million-euro redevelopment by Banca Sistema. The multifunctional space will host its first auction on April 15 during Milano Art Week, featuring 57 contemporary works from a private collection, including pieces by Rémy Zaugg, Giuseppe Stampone, and Darren Almond.

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