April 16, 2021 Kristian Carey With the spring auction season accelerating and high profile May sales fast approaching, ARTBnk examined Pablo Picasso’s Q1 2021 sale results from Christie’s, Sotheby’s and Phillips to offer a clearer picture of the current status of the artist’s market. With newsworthy sales on the horizon, we’ll examine exactly how the…

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As they compete for art market dominance, auction houses and galleries are increasingly adopting one another’s sales strategies. Naomi Rea & Kate Brown, April 13, 2021 In February last year, a group of art-dealing titans went public with an unusual proposition—they would team up and sell the storied collection of the late philanthropist Donald Marron. The move was a shock…

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Many galleries struggled with their doors closed, and not just financially. But they also adapted new ways of showing and selling art. Installation view of Paul Feeley: Space Stands Still (2021) at Waddington Custot, London. Courtesy the artist and Waddington Custot. Photo: Rob Harris. Commercial galleries in England will be able to reopen to the public from…

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Art Basel has announced that 104 galleries from around the world will participate in Art Basel Hong Kong, which is set to run from May 19 to 23 at the Hong Kong Convention and Exhibition Centre.  Ongoing travel restrictions mean that 56 galleries who have committed to a booth at the fair will not be able to attend the…

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After 2020, here’s what has changed, what will stay the same, and what’s left to innovate in all corners of the art market. Eileen Kinsella, April 5, 2021 “Imagine a world where you could not fly around the globe anymore. How would you conduct business?”  That was the “thinking-out-of-the-box” assignment that a consultant gave Phillips executives…

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Partly in reaction to these revelations, governments in the U.S. and the European Union have been reporting on, consulting about, and legislating new anti–money laundering legislation (AML) to reflect the complexity of a modern, globalized financial system that is increasingly intertwined with technology. On January 1, 2021, the U.S. House and Senate voted through a bill to extend the rules of the 1970…

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The art market has always been an enigma. It is unlike any other industry. But the pandemic has become the great equalizer, disrupting many traditional business models. Cancelled events, travel bans, and the loss of foot traffic have forced the art world to adapt almost overnight. Fortunately, galleries, auction houses and fairs reacted with great…

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February 12, 2021 That which does not kill us, makes us stronger. This eloquent aphorism has never felt more accurate than over the past year, which we might forever condemn as one of the worst in the post-war history, writes Agata Becker, founder Agart. If anyone had told you five years ago that you were…

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