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Art market News

Willem Vedovi: the Challenges of the Art Market - Interview Special

Brussels - A successful art-lover, Willem Vedovi is the co-founder of one of the most renowned art gallery in Brussels, the gallery Vedovi. In this modern and contemporary art gallery he has been running together with his brother Paolo Vedovi since 1995.

Self portrait by Manet sells for a record $33.2 million

London - Edouard Manet's "Self Portrait with a Palette" has sold for £22.4 million ($33.2 million) at Sotheby's auction house in London, setting an auction record for the artist.

Op-Ed: Art Market Past and Present

If you believe that art auction results are the be all and end all of the art market and that art auction results tell the full story of the evolution of art prices then you should probably reconsider your point of view

Op-Ed: Christie’s Post-War and Contemporary Art Auction

Although Prince’s “Nurse” series of paintings are the most iconic works by the artist they are not usually regarded as his most important work. The price of Prince’s “Nurse” works has sky rocketed over the past couple of years...

Winners of Abraaj Capital Art Prize Announced

The selection committee of the Abraaj Capital Art Prize today announced the three recipient curator/artist teams of its first competition: Cristiana Perrella & Kutluğ Ataman; Carol Solomon & Zoulikha Boubadellah; and Leyla Fakhr & Nazgol Ansarinia

Op-Ed: Art Auction Estimates Mean Little

While looking through the real-estate section of a newspaper the other day I realised how much more useful those listings were that included information (date and price) regarding the last time the property was traded as well as the estimated price

Op-Ed: Ignore November Art Auctions

There seems to be a significant amount of concern regarding the outcome of the November art auctions to the point where those who follow what some journalists write about the art market might believe that the November art auctions are a crucial indicator

Op-Ed: Trophy Sellers Endanger Art Auction Results

One of the most dangerous scenarios for the art market is the existence of large numbers of extremely wealthy people who have no idea about the value of art yet have excessive amounts of money to spend on expensive trophies and status symbols.

Op-Ed: Art Market Reality Check

Some important things to keep in mind about art investment and the art market by art investment guru and art market analyst Nicholas Forrest from the Art Market Blog:

Op-Ed: Manipulated Art Auction Results Affect Perception of Art Market

Why is it that we continue to use auction results as an indicator of the health of the art market when they are obviously not an accurate representation of the health of the art market and do not reflect the sentiment and actions of buyers and sellers

Op-Ed: Urgent Spencer Finch Buy Alert

Spencer Finch’s work is well worth the effort. And by well worth the effort I mean well worth taking the time to engage with. Ok, so it can take a bit of time to truly engage with Finch’s work which is something many people don’t

Op-Ed: More Free Online Art Magazines

Due to the level of interest in my last post that listed some free online art magazines I spent several more long (but enjoyable) hours slaving over my computer searching for awesome art magazines that are available

Op-Ed: Australian Art Auction News

On Sept. 24 and 25, art auctions will take place here in Australia, both of which are being conducted by Menzies Art Brands who are the number one market leaders in Australian art auction sales

Op-Ed: New Photo Editions from Blind Spot

The awesome people at Blind Spot are celebrating their 15th anniversary and to celebrate they are offering a selection of new limited edition prints from some of the biggest names in contemporary photography

Op-Ed: Hirst Painting Only Worth Signature

I hate to have to write about Damien Hirst again because, quite frankly, I have had more than enough of Damien Hirst to last me a lifetime. The Sotheby’s Hirst sale is, however, an important event in the art market regardless of what one things of Hirst

Op-Ed: Same Damien Hirst for 25 times less

While traveling home on the train this evening I had an epiphany of epic proportions. An epiphany that could change the way people view Damien Hirst’s work and the market for his work forever.

Op-Ed: Please Don’t Buy Hirst

One could be mistaken for thinking that the media attention and excitement surrounding the impending Damien Hirst auction at Sotheby’s would have had a positive impact on the auction house’s share price unless of course, like me, you were sceptical

Op-Ed: Top Free Online Art Magazines

I love reading art magazines and spend lots of time reading them but many art magazines are unfortunately not particularly cheap. There is, however, a number of art magazines that publish issues of their magazine online

Op-Ed: Art Boom or Art Gloom: Art Market Reporters Indecisive

I have written quite a few posts recently about the Australian art market due mostly to the fact that the art market reporters for the major newspapers here in Australia seem more concerned in attracting attention

The Art Subscription Project

I received an email a week or so ago from a company called The Present Group who wanted to let me know about their art subscription service. To be honest I was rather sceptical about the purchasing art by subscription

Australian Art Investment Fund

The growing popularity of art as an investment has resulted in the creation of a number of new art investment funds one of which is The Art Trust

Op-Ed: Danger of Careless Art Market Talk

A Sotheby’s auction here in Australia on the 26th of August did not go as well as was anticipated with just less than half of the works selling and a final sales figure of AUD$5.77 million without buyers premium against an estimate of $9-$12 million

Op-Ed: Damien Hirst Screws Himself

On the 15th and 16th of September a total of 223 previously unsold works by Damien Hirst will go under the hammer at Sotheby’s. The collection consists mainly of different versions of Hirst’s most iconic concepts.

Op-Ed: Damien Hirst Screws Himself

The online art auction result database Artprice.com lists a total of 1013 Damien Hirst works sold at auction since 1992, 169 of which were auctioned in 2007 which means that the Sotheby’s auction of 223 Damien Hirst works

Oz Artist Resale Royalty Boost

Just because the current Australian government made the decision to introduce a resale royalty scheme does not mean that the whole resale royalty saga is over. All that the Australian government has done is made the promise to implement a resale royalty.

Op-Ed: Indian Art Fair and Summit 08

The 22nd of August marked the start of the Indian Art Summit, India’s modern and contemporary art fair, which is taking place from the 22nd to the 24th of August. The summit has received a big response with over 90 applications from art businesses.

Op-Ed: Hirst Art Auction Reality Part 1

The upcoming auction of new works by Damien Hirst to be conducted by Sotheby’s has generated a huge amount of hype that is sure to result in a packed saleroom and at least a few major results

Op-Ed: Affordable Investment Art at Britain's ICA

In 2007 Britain’s Institute of Contemporary Art (ICA) launched a new project called All Tomorrow’s Pictures in conjunction Sony Ericsson which involves a number of high profile artists using the state-of-the-art Cyber-shot TM mobile phone

Op-Ed: Celebrity Art Collectors Revealed

Having a celebrity purchase one of their works is a sure fire way for the value of an artist’s work to skyrocket, so keeping an eye on which artists celebrities are purchasing works by is definitely worth the time

Op-Ed: 2008 Telstra Aboriginal Art Awards

Last night at the Museum and Art Gallery of the Northern Territory, the winners of the Telstra National Aboriginal & Torres Strait Islander Art Award were announced during an outdoor celebration which took place in a spectacular waterside loaction
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