Marlene Dumas’ Miss January overcomes restrained environment to become the highest-selling painting by a living woman artist ...

How do art auctions work? How are artworks valued for auction? What happens when an artwork fails to find a buyer at an ...

Sotheby’s banner Aboriginal art auction was hoped to be a springboard into the launch of a new Rockefeller gallery in the Met ...

The season’s top lot provoked gasps at Sotheby’s when it failed to sell — but there are worrying implications beyond the high ...

Works from the collections of two influential gallerists helped to offset an unsold Giacometti at Sotheby’s marquee New York ...

The signs have been with us, depending on whom you ask, pretty much since the last recession in early 2020. First-quarter GDP showed the economy shrinking by 0.3% instead of the forecast 0.4% growth.

Crypto millionaires invest their fortunes in art, luxury cars, real estate, and sports, showcasing a new era of wealth and ...

Yet there were signs the market may have turned a corner. “This season our totals are higher than last May, and we’re on target to beat November,” says Christie’s CEO Bonnie Brennan. “So the doom and ...

The spring sales arrived in a gloomy market threatening full-on catastrophe. But there were some bright spots, including a ...

Sotheby’s Modern evening sale in New York brought in $152m ($186.4m with fees) on Tuesday, 13 May, far below the auction ...

Insiders worry a sculpture's failure to sell at auction signals a reluctance among buyers to invest in art in this economic ...

Alberto Giacometti’s $70 million bronze head failed to sell at Sotheby’s, shaking confidence in the high-end art market.