Art Market – ArteryNYC

The Global Art Market Reached $67.4 Billion in 2018, up 6%

March 8, 2019

Artsy - The global art market grew 6% in 2018 to $67.4 billion in sales, according to economist Clare McAndrew’s report The Art Market 2019, released by Art Basel and UBS on Friday. That total makes 2018 the se...

At the Armory Show, Solo Exhibitions and Colossal Displays

Artery

March 8, 2019

Art Market, Trending

The New York Times - Along with a handful of other galleries clustered near the entrance to the fair on Pier 94, Tanya Bonakdar was in the first version of the Armory Show 25 years ago. Called The Gramercy Int...

Shifts among the major auction houses could spell serious change

Artery

December 27, 2018

Art Market, Trending

The Art Newspaper - The brain drain of executives from auction houses continues apace. In the third shock departure in roughly as many weeks, Loic Gouzer, Christie’s co-chairman of post-war and contemporary art...

Bidding Farewell to ‘Castelli Model’ of Doing Business

Artery

December 9, 2018

Art and Culture, Art Market, Trending

ARTNEWS - In its new incarnation as a private dealership, New York’s Cheim & Read gallery will commission unspecified artists for a mural in Palm Beach in conjunction with that city’s Norton Museum of Art i...

Kerry James Marshall Paints for Chicago. His Mural Should Stay There

Artery

October 11, 2018

Art and Culture, Art Market

The New York Times - The painter Kerry James Marshall was born in Alabama, but he is defined by Chicago: the city he moved to in 1987, and whose private salons and public housing projects have inspired an art o...

Christie’s Notches £84 Million London Sale as Star Lots by Richter and Koons Fizzle

Artery

October 11, 2018

Art Market, Trending

Artsy - The spree of Frieze auctions kicked off in London on Thursday with a three-hour-long sale at Christie’s King Street salesroom here in London’s Mayfair. The night brought in a total of £84.6 million ($10...

How Tony Shafrazi Went from Vandalizing “Guernica” to Inventing a Market for Graffiti Art

Artery

September 8, 2018

Art and Culture, Art Market

Artsy - On February 28, 1974, Tony Shafrazi entered the Museum of Modern Art in New York, went to the third floor, took out a can of red spray paint, and defaced Pablo Picasso ’s anti-war masterpiece Guernica (...

New York’s Chelsea galleries hope new storefronts will bring new business

Artery

September 8, 2018

Art and Culture, Art Market

The Art Newspaper - In recent years, falling foot traffic coupled with a rise in online sales have prompted art dealers to question the once-trusted gallery storefront model, which is increasingly seen as not o...

Rolling with the punches: how the art market bounced back

Artery

September 8, 2018

Art Market, Trending

The Art Newspaper - Ten years ago, on 15 September 2008, Damien Hirst sold £70.5m of his own work at Sotheby’s in London, a ballsy move by an artist, bypassing the usual middle-men. The same evening, Lehman Bro...

Christie’s reports record half year sales of £2.97bn

Artery

August 22, 2018

Art Market, Trending

The Art Newspaper -Christie’s reports it has netted its highest ever half year sales total (in pounds not dollars), racking up £2.97bn — a 26% increase on last year. The previous high of £2.9bn was in 2015. The...