Damien Hirst just mapped out 200 years of posthumous art releases, turning his legacy into a factory for future masterpieces. The strategy could upend long-held assumptions about scarcity and value in…
Sotheby’s May 21 sale of 55 Old Master works from the Saunders collection brought in $64.7 million, far below the $80-$120 million estimate. With nearly half the lots unsold and all works backed by guarantees,…
The spring art market bounced back with $3.1 billion in sales, but this recovery is heavily propped up by financial safety nets. A record-breaking 78% of New York Evening Sales value was backed by guarantees to soothe anxious consignors.
Even after a topline slowdown, healthy deal volume and a rush of new buyers keep the market’s engine humming.
Women claim a record share of gallery programs and collector spend. Museums racing to fill gaps lift prices for overlooked female modernists.