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Auction houses battle it out in Hong Kong
China Guardian’s inaugural sale in Hong Kong at the Mandarin Oriental. Image via China Guardian. China’s two largest auction houses, Beijing Poly International and China Guardian Auctions Co., are...
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Chinese government may establish art database to fight against forgery
Painters crank out copies in Dafen village, in China’s southern city of Shenzhen. Photo: Reuters/Bobby Yip (Via The Art Newspaper) It is no surprise to anyone that China is the world’s number one...
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Two Hirst Prints, Two Very Different Prices
Next week two similar Damien Hirst spot prints will go up for auction at Phillips in London. The one main difference between the two seemingly similar works? A shocking $25,000 price difference in the...
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The Rise of Street Art Off the Street
Original Banksy artwork on the wall outside Wood Green Poundland via Huffington Post After the trouble with Banksy’s mural emerging at auction last week, lots of attention has been paid to the rise...
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Steven Cohen buys $155 million Picasso
Picasso’s Le Rêve. A little insider-trading allegation and a $600 million settlement didn’t stop hedge fund mogul Steven Cohen from buying a Picasso – for a cool $155 million. Picasso’s Le Rêve is...
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A Grey Market
Koons’s broken balloon dog sculpture was on view at Columbia last month as part of the show “No Longer Art” organised with the Salvage Art Institute (via The Art Newspaper) Does art that is damaged and...
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US Museums ahead of the market curve when it comes to African-American art
MoMA recently acquired 12 works by African-American artists, half of which were included in the Hammer Museum’s 2012 show “Now Dig This! Art and Black Los Angeles 1960-80”, which travelled to MoMA PS1...
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China brings down global art market in first quarter
Image credit: AFP/Getty Images via @daylife / Forbes According to artnet, the art market sales volume fell by 7% in the first quarter compared to 2012. The reason behind the hit was the decline in...
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Demand for African contemporary art on the rise
Dusasa 1, 2007, by El Anatsui, who is based in Nigeria. Another of his tapestries sold for a record-breaking £541,250 last year. Photograph: David Levene for the Guardian. The demand for African...
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Christie’s Saatchi Auction Struggles
‘Untitled (Crash 1)’, by Dirk Skreber (via Financial Times) Charles Saatchi’s Christie’s auction last week is considered a pretty big bust by most. “In a single-owner sale staged by Christie’s entitled...
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