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the art market

The booths at TEFAF Maastricht. (Courtesy TEFAF)

World Art Market Booms to Record $54 Billion as US Uber-Wealthy Fuel Growth

The art market in 2014 shattered numerous records, according to the annual TEFAF Art Market Report by Art Economics founder Clare McAndrew, which was released today. The global art market raked in over €51 billion—an all-time high—thanks to a 7 percent increase of sales over the past several years. And in case you haven't noticed, we're firmly back in the boom times: the annual sales figure has finally surpassed the 2007 pre-recession high of €48 billion.
By Alanna Martinez
(Illustration by Hanna Barczyk)

The Art World’s Biggest Lie: A Collector Debunks Art as an Investment

The last several years have brought nosebleed prices for works of art, auction records that seem to be broken almost as soon as they are made. With endless media coverage of $100 million Picassos and $50 million Jeff Koons sculptures, the general public is often left with the impression that art has not only been a great investment, it’s been the investment of late.
By Adam Lindemann
Simchowitz. (Courtesy Getty Images)

Stefan Simchowitz vs. the Art World

Stefan Simchowitz was 6 years old when his parents divorced, and his mother, the artist Shirley Sacks, took him with
By Dan Duray

Felix Salmon Is Uncomfortable With Gerhard Richter’s Prices

By Dan Duray
Sotheby's stock is down 29 percent over the past month.

Sotheby’s Stock Hammered in Market Drop

By Andrew Russeth
1,800 bottles of champagne were served on opening day at TEFAF 2011. Photo: e_calamar/Flickr

Announcing 2012 Fair, TEFAF Details 2011’s Private Jets, Flowers, Champagne

By Andrew Russeth
Sotheby's New York, on York Avenue on the Upper East Side.

Sotheby’s States Record Profits, Beating Christie’s in Half-Year Sales

By Andrew Russeth
The Film Center Building, which will house the Balice Hertling & Lewis gallery come September, was designed by Ely Jacques Kahn in 1928-29. Photo by Andrew Russeth.

Can Gallerist Daniele Balice Bring the Art World to Midtown?

By Andrew Russeth
A painting by Stepan Bakalovich, not involved in the case, called Little Luxury from 19th century

Russian Art Gallery Fights Authenticity and Overpricing Claims

By Andrew Russeth
The new gallery, Balice Hertling & Lewis, will be located inside the Film Center building in Hell's Kitchen.

Paris’s Balice Hertling Gallery Readies a Hell’s Kitchen Location

By Andrew Russeth

Locked Out, Sotheby’s Handlers Picket Posh Headquarters

By Dan Duray
Thomas Dane Gallery

Thomas Dane Gallery Plans Second London Space

By Andrew Russeth
A work by photographer Aspen Mays, who will have the inaugural show at Golden's New York space.

Chicago’s Golden Gallery Opening Branch in the Lower East Side

By Andrew Russeth
Lounging at Art HK 2011. The blue-chip Art Basel fair recently bought a 60 percent stake in the Hong Kong venture.

Art Dealer: Fairs ‘Will Strangle Each Other in the End’

By Andrew Russeth

Global Art Prices Are Surging, Index Reveals

By Andrew Russeth
Sotheby's and its art handlers' union have yet to close a deal, nearly a month after their previous agreement expired.

Sotheby’s Union Art Handlers Consider a Strike

By Andrew Russeth

In Today’s Art Market, the Early Bird Gets the Worm

By Marion Maneker

Regulate the Art Market? Don’t Even Think About It

By Adam Lindemann

Masterpiece Moment

By Katherine Clarke

Art Snapshot: Cold Cases, Forgeries, and Markets on the Mend

By Julia Halperin

When a Chair Is Not a Chair

By Brook Mason
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