person Scott Reyburn

Blue-chip gets a boost, but edgier art remains in the doldrums

Sotheby's and Christie's May marquee sales in New York saw a surge of high-value consignments from estates, including a $450m collection from media magnate S.I. Newhouse. Jackson Pollock's *Number 7A* (1948) sold for $181m and Constantin Brâncuși's *Danaïde* (c.1913) for $108m, both setting auction records. Mark Rothko's *Brown and Blacks in Reds* (1957) from the estate of dealer Robert Mnuchin fetched $85.7m at Sotheby's. However, works by artists under 40 were scarce: Sotheby's evening sale had only two such lots, Christie's one, and Phillips's sale featured just one, Anna Weyant's *Dinner* (2019) at $980,400.

This ‘Sustainable’ Island Is Venice’s Newest Art Oasis

Patrizia Sandretto Re Rebaudengo has transformed a former gunpowder store on the Venetian island of Giudecca into a new exhibition space for her contemporary art collection. The venue, which emphasizes sustainability and adaptive reuse, will showcase works from her extensive collection in a setting that contrasts with the historic grandeur of Venice’s more famous art institutions.

Gulf art market feels the force of Middle East conflict

The ongoing conflict in the Middle East, involving the US, Israel, and Iran, has disrupted the Gulf region's art market. Key events like Art Dubai have been postponed, and the inaugural Frieze Abu Dhabi faces uncertainty, as the area's stability—crucial for attracting international dealers and auction houses—is now in question.

Sotheby’s Sets 12 Records for South Asian Artists in a Single Sale

Sotheby's Modern and Contemporary South Asian Art auction in New York achieved a total of $22.1 million with 100% of lots sold, setting 12 new auction records for artists from the region. The sale was headlined by Vivan Sundaram's 1967 painting 'Inbetweeness,' which sold for $896,000 and more than doubled his previous annual auction total, and M.F. Husain's 'Second Act,' which fetched $5.1 million.

What to Know About Banksy and the Street Artist’s Identity

Reuters has conducted an investigation that claims to have identified the famously anonymous street artist Banksy. The report's key evidence is a police report from Banksy's arrest in New York City approximately twenty years ago.

Can Tefaf Maastricht Keep Up with the Experience Economy?

Can Tefaf Maastricht keep up with the experience economy?

The 39th Tefaf Maastricht fair opened, showcasing high-quality pre-20th century art and antiques, from Monet paintings to a 1st-century Egyptian vase. However, the fair faces an existential question about the relevance of older art in a market where Old Masters specialists are declining and contemporary art sales are volatile.

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.