the art market | Observer

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

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

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 Hammered in Market Drop

By Andrew Russeth

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

By Andrew Russeth

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

By Andrew Russeth

Can Gallerist Daniele Balice Bring the Art World to Midtown?

By Andrew Russeth

Russian Art Gallery Fights Authenticity and Overpricing Claims

By Andrew Russeth

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 Plans Second London Space

By Andrew Russeth

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

By Andrew Russeth

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 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

We noticed you're using an ad blocker.

We get it: you like to have control of your own internet experience.
But advertising revenue helps support our journalism.

To read our full stories, please turn off your ad blocker.
We'd really appreciate it.

How Do I Whitelist Observer?

How Do I Whitelist Observer?

Below are steps you can take in order to whitelist Observer.com on your browser:

For Adblock:

Click the AdBlock button on your browser and select Don't run on pages on this domain.

For Adblock Plus on Google Chrome:

Click the AdBlock Plus button on your browser and select Enabled on this site.

For Adblock Plus on Firefox:

Click the AdBlock Plus button on your browser and select Disable on Observer.com.

Then Reload the Page