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What else happened in the art market during the second half of the year is documented in the third and last part of our review.Hauser & Wirth is said to have bought London's Groucho Club, including its art collection, from an investment company for nearly 40 million pounds, reports Oliver Barnes in mid August in the Financial Times.Ursula Scheer describes ... read more
For the big auction houses, on the other hand, the first half of the year was surprisingly successful, as Christian Herchenröder analyses in the second of three parts of our season review at the beginning of August in the Handelsblatt: "A main indication of the market bull market are the global auction results of Christie's, Sotheby's and Phillips. They rose ... read more
The world is in crisis mode, the art market seems to be celebrating. In our three-part review of the art market coverage, we take another look inside and behind the scenes. We start with the fairs.The autumn season has not yet begun, there is already the first fair cancellation. Anny Shaw reports in The Art Newspaper the cancellation of the ... read more
What remains of Ukrainian cultural sites after the Russians have left is documented by the Kyiv Independent on its Youtube channel.Eileen Kinsella, writing for Artnet, took a detailed look at the record sales of eight billion US dollars reported by Sotheby's: "Sotheby's said that fine art and luxury auction sales accounted for $6.4 billion of ... read more
Local politicians' hopes that Miami could become the capital of NFTs may be over for the time being, notes Georgina Adam in The Art Newspaper: "And the market for NFTs collapsed as dramatically-sales volume stood at $9m in November, compared with $93m just six months before, according to Non-Fungible.com. [Oh, and by the way, all this seems to have shattered ... read more
World class at last! What German football has not been able to achieve for some time now, the local auction business has. A self-portrait by Max Beckmann fetched 23.2 million euros including buyer's premium at Villa Grisebach in Berlin. "The purchase price is a sensation that will go down in art market annals," says Susanne Schreiber of the Handelsblatt. "The ... read more