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 ...

Gay billionaire David Geffen filed for divorce from husband David Armstrong. With $8.7 billion and no prenup, this split is about to get interesting.

It cost $73 million for Guttman to develop UOVO QPN in 2013, KBRA said. The Met pays $63 a square foot for 22,000 square feet ...

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 ...

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.

The debacle involving an Alberto Giacometti statue left art insiders stunned and raised concerns about the high-end art ...

Alberto Giacometti's 1955 bronze bust, called Grand tête mince, was billed to be the auction's centerpiece by connoisseurs ...