As market indices around the world slid today, roiled by debt concerns, Sotheby’s stock took an especially hard hit, falling more than 13.3 percent, with trading volume totaling three times its average. The auction house’s stock price is now down 29 percent over the past 30 days.
Last week, Sotheby’s, which is the only Read More
Even at a time of fierce competition among international art fairs, the European Fine Art Fair–or TEFAF, as it is commonly called–is generally considered the most prestigious of them all. For a whole week in March each year, more than 200 of the bluest blue-chip art and antiques dealers set up shop in Read More
Sotheby’s announced that its total sales reached $3.4 billion in the first half of this year, an all-time record for the house that was strong enough to best its rival Christie’s, which last month reported about $3.2 billion worth of sales during that time period. Read More
“There is no real business plan,” Paris gallerist Daniele Balice told The Observer during a telephone interview earlier today. “We have no idea what is going to happen.” He laughed. “It’s more of a romantic idea.” Read More
The A.B.A. Gallery, which specializes in Modern and contemporary Russian art, has fired back against a lawsuit filed by one of its clients that alleges the gallery sold fake works and overcharged for others, Business Wire reports.
Collector Olekandr Savchuk, who purchased 18 works from the Gramercy Park-area gallery in 2006 and 2007 for Read More
Paris’s Balice Hertling gallery is linking up with American writer David Lewis to start a new gallery in Hell’s Kitchen, which will open in Sept. 2011, Art in America‘s Brian Boucher reports. The new gallery will be called Balice Hertling & Lewis.
The gallery’s inaugural location, inside the Film Center building on Ninth Avenue, Read More
“How much for Jimmy Juggs’ job?” bellowed a bald man in sunglasses. Next to him stood a younger man in a hard hat, looking sheepish as his fist was held aloft by the elder man. On the far side of the pseudonymous Mr. Juggs stood an inflatable rat, all three reflected in the glass front Read More
London dealer Thomas Dane announced today that he will open a second exhibition space up the street from his current Duke Street gallery in October. The inaugural show there will be a one-person exhibition by German painter Albert Oehlen, who previously showed at the gallery in 2005 and 2008.
The announcement that Mr. Oehlen Read More
The burgeoning Lower East Side gallery district is about to gain one more gallery, with Chicago’s Golden Gallery set to open up shop in a ground floor space on Elizabeth Street, just south of Broome Street, in September. Golden, which was founded in 2008, will continue to operate its space in the Windy City. Read More
“The proliferation of fairs is ridiculous,” New York dealer Dominique Lévy, of L&M Arts, says in the latest edition of The Art Newspaper. “They will strangle each other in the end.” Ms. Lévy goes on to argue that the comprehensive services that galleries provide—shipping, framing, insurance, and so forth—will guarantee that they will Read More
