Market News
The bookshelf at Clifton Benevento.CLIFTON BENEVENTO

New York’s Clifton Benevento Gallery Closes

After more than six years in business, SoHo gallery Clifton Benevento announced that it has decided to close, with its last official business on May 31. Its final show, a solo outing by Zarouhie Abdalian, closed on May 14. Clifton … Read More

Market News
The image that accompanied the announcement.COURTESY THOMAS DUNCAN GALLERY

Los Angeles’s Thomas Duncan Gallery Will Close

It sometimes seems like not a week goes by without word of yet another gallery opening in Los Angeles, but today brings news of a closure in the city. Thomas Duncan Gallery, which opened in early 2012 and shows artists … Read More

Auctions Market News
The Paddle8 offices.COURTESY PADDLE8

Paddle8 Sees High-Profile Layoffs and Departures as Company Shifts Gears After Merger With Auctionata

Online auction house Paddle8 has suffered a number of defections from its top ranks, while also laying off several employees, as the company adjusts to its merger with rival startup Auctionata, ARTnews has learned. In recent weeks over a dozen … Read More

Market News

‘The Word Gallery Is No Longer Elastic Enough’: Gavin Brown on His New York Reopening

Like many of New York’s noteworthy gallerists—think Leo Castelli, or Larry Gagosian—Gavin Brown is a transplant to the city. Brown, who has shown such artists as Piotr Uklański, Urs Fischer, Elizabeth Peyton, and Peter Doig, moved to New York from the … Read More

Auctions Market News
Claude Monet's Le bassin aux nymphéas, 1919, estimated at $25 million to $35 million, sold for $27 million.COURTESY CHRISTIE'S

Christie’s Imp-Mod Auction Totals $141.5 M., Secures Record With $8 M. Frida Kahlo

In the last of the New York evening sales this May, Christie’s netted $141.5 million during its Impressionist and modern art auction, ahead of a low estimate of $134.3 million, in a sale that capped a modestly priced but overall stable … Read More

Market News The Talent
Pat Steir making a waterfall painting in 1990. ©ERIC BOMAN

Dominique Lévy Adds Pat Steir to Its Roster, Plans September Show in London

In the midst of an auction week marked by huge sales for work by Cy Twombly and Agnes Martin in New York, Dominique Lévy Gallery announced that it now represents Pat Steir, the painter whose abstractions have, over the past … Read More

Auctions Market News
Members of the management team of the new company, L to R: Patrick van der Vorst, Head of Auctionata UK and Founder of; Johannes Riedl, Chief Operating Officer; Aditya Julka, Chairman and Chief Strategy Officer and Co-Founder of Paddle8; Susanne Zacke, Chief Marketplace Officer and Co-Founder of Auctionata; Alexander Zacke, Chief Executive Officer and Co-Founder of Auctionata; Osman Khan, EVP and Chief Executive Officer for The Americas and Co-Founder of Paddle8; Christof Schminke, Chief Marketing Officer; Alexander Gilkes, EVP and Chief Innovation Officer and Co-Founder of Paddle8; Artashes Torosyan, Chief Technology Officer; Jan Thiel, Deputy Chief Executive Officer; Martin Heyne, Chief Auction Officer

Auctionata and Paddle8 Will Merge, Marking a Shift in the Online Art Market

Signaling that the once-scrappy online art market is maturing, two of the field’s most prominent start-ups, Auctionata and Paddle8, have announced that they will merge. The deal between the two online auctioneers creates a newly formed company that will lay claim to 793,000 registered … Read More

Auctions Market News
Cy Twombly’s Untitled [Bacchus 1st Version V]  (2004) sold to Simon de Pury for $15.4 million.© SOTHEBY'S

Sotheby’s Rebounds With $242.2 M. Contemporary Auction, Anchored by Big Sales of Twombly, Bacon

After a bleak Impressionist and modern sale Monday night, where a lack of bidding led to a dismal sell-through rate of 66 percent, Sotheby’s silenced both critics of the house and art-market doomsayers with a tight and lively $242.2 million contemporary evening auction Wednesday, … Read More

Auctions Market News
Jean-Michel Basquiat’s Untitled (1982) sold for $57.3 million. Its on-request estimate had been said to be around $40 million. It was a new record for the artist.COURTESY CHRISTIE’S

Christie’s Hosts $318.4 M. Contemporary Sale, Sets New Basquiat Record, $57.3 M.

It took until day three of the New York sales for a lot to pass the $50 million mark, and when bidding reached that magic number on Jean-Michel Basquiat’s Untitled (1982) at the $318.4 million postwar and contemporary evening sale at Christie’s tonight, … Read More

Auctions Market News
Auguste Rodin, L'Eternal Printemps (1901-1903), which set an auction record for the artist by selling for $20.4 million.COURTESY SOTHEBY'S

Sotheby’s Notches New Rodin Record at Otherwise Mixed $144.5 M. Imp-Mod Sale

Despite a new record for a work at auction by Auguste Rodin—L’Eternel Printemps (1901–3), which went for $20.4 million after competitive action from multiple bidders—Sotheby’s did not pull off an absolute victory at its Impressionist and modern evening sale in New York on Monday … Read More

Market News

Sotheby’s Announces $25 M. Loss for First Quarter of 2016

Just hours before bidding begins at its New York headquarters on York Avenue this evening, Sotheby’s posted a $25.9 million loss for the first quarter of 2016—the same quarter during which, a year ago, it announced a net income of $5.2 million.In a … Read More

Auctions Market News
Mark Bradford, Building "The Big White Whale," 2012, estimated at $3 million to $5 million.

Phillips Sells $46.6 M. of Contemporary Art in Subdued Sale in New York

The first night of New York’s May auctions wrapped up with a modest 20th-century and contemporary art sale at Phillips. The house hammered down $39.3 million total (without buyers’ premium), below a presale estimate of $40.85 million to $60.95 million (calculated … Read More

Frieze New York 2016 Market News

ARTnews’ Complete 2016 Frieze New York Coverage

Below, a continuously updated list of ARTnews’s reports from Frieze New YorkFrieze New York – A Tour of the Fair – Collectors Are Still Buying, But the Market Has Cooled – Maurizio Cattelan Brings a Donkey and Some Are Not … Read More

Frieze New York 2016 Market
Works by Lucas Simões at Space In Between, London. MAXIMILÍANO DURÓN/ARTNEWS

A Tour of NADA New York 2016

NADA New York, the art fair put on by the New Art Dealers Alliance to coincide with Frieze New York, opened yesterday to invited guests and runs through Sunday, May 8. More than 100 exhibitors have works on offer. Here’s … Read More