ARTFIXdaily News Feed - Breaking News from the Art World

China's $13 Billion in Art Sales Questioned

Forbes / August 13th, 2012

Widespread reports of China's ascendence as the biggest art market in the world may not be true. And not by a long shot, reports Forbes' Abigail R. Esman.

$100 Million Art Vault Planned for Beijing

Bloomberg / July 31st, 2012

Collectors will be able to store valuables such as art and gold without paying taxes or filling customs forms at a new facility in Beijing.

Feds Raid Manhattan Art Storage Facility for Stolen Goods

New York Post / July 29th, 2012

Federal authorities have seized a haul of Indian antiquities valued at $20 million from the storage facility of an Upper East Side art dealer.

Modern Chinese Painting Fetches $46 Million at Beijing Auction

Jing Daily / June 6th, 2012

A painting inspired by a poem written by Communist leader Mao Zedong in 1925 demanded a hefty 293.25 million yuan ($46 million) at a Chinese auction over the weekend. “Wan Shan Hong Bian” ("Thousands of Hills in A Crimsoned View”), painted in 1964, by...

Buzzworthy at the New York Art Shows

Huffington Post / March 8th, 2012

With 10 art shows running concurrently in New York this week, and hundreds of dealer exhibitions of modern and contemporary art on view, the stage is set for an art market gauge. Interest levels of collectors, curators and art-curious are soon measured in terms of sales. Red-dot reports have already abounded from the Armory Show...

Hong Kong's Art Scene Sprouts More Buds

ArtfixDaily / March 5th, 2012

Beijing and Shanghai have long had significant art scenes, and been home to a number of notable artists, such as Beijing’s high-profile Ai Weiwei (who recently sold his “Sunflower Seeds 2010” to the Tate Modern for an undisclosed amount). Yet, it is Hong Kong that has fast become...

Gardner Museum Addition Dazzles Critics, Some of the Crowd

Boston Globe / January 29th, 2012

A glass box-like punctuation point to its original palazzo-style museum, the new Renzo Piano-designed addition of the Isabella Stewart Gardner Museum opened January 19 to critical acclaim, with accolades for the functionality of the architecture itself. The Boston Globe notes, "...its sloping ...

Chinese Artist Dethrones Picasso as Top Auction Earner

Bloomberg via San Francisco Chronicle / January 12th, 2012

Sales of works by Picasso have ranked the modern master as the world auction market's leading earner for most years since 1997, and until 2011. Chinese artist Zhang Daqian (1899-1983) now claims the top slot with $506.7 million in aggregated auction revenue, followed by...

New Tuscaloosa Museum of Art to Showcase Important American Art

ArtfixDaily / December 12th, 2011

Last week, the Tuscaloosa Museum of Art opened its doors, finally giving a home to the art collection assembled by Jack Warner. Earlier this year, the Jack Warner Foundation and Westervelt Company separated, leaving the fate undetermined as to where their respective collections would be housed. ...

Auctions Tally Record $92 Million during Asian Art Week in London

Bloomberg / November 12th, 2011

A selection of 1,695 Chinese artworks and antiques offered at Sotheby's, Christie's and Bonhams during the 14th annual Asian Art in London event last week totalled a record 57.4 million pounds ($92 million) even while 44% of the lots failed to sell.

Chinese Citizens Rally in Aid of Ai Weiwei to Cover $2.4 Million Tax Bill; His Work On View in New York, Miami, Taipei

ArtfixDaily / November 4th, 2011

The Chinese government claims influential artist and activist Ai Weiwei owes $2.4 million in back taxes. Thousands of individual Chinese have since sent money to his Internet account to help pay the bill within the ten-day deadline...

Sotheby's Six-Day Hong Kong Series Raises $411 Million

Businessweek / October 6th, 2011

A week of auctions held by Sotheby's in Hong Kong netted a total of HK$3.2 billion ($411.3 million) with selective buyers competing to record levels for blue-chip art, rare gems, and Chinese ceramics.

Irish auction market heats up with record prices

Irish Times / October 2nd, 2011

A Jack B. Yeats painting of Irish small-town life fetched a record artist price of €1 million last week to become the most expensive work of art ever sold at auction in Ireland. An unidentified Irish buyer bought the Yeats, paying well above the estimate of €500,000-€800,000 at an Adam's ...

Freer Gallery reveals light-filled Whistler's Peacock Room

ArtfixDaily / August 17th, 2011

For the first time in 25 years, the Smithsonian’s Freer Gallery of Art will open the shutters of James McNeill Whistler’s famed Peacock Room for public view on the third Thursday of each month, beginning Aug. 18, 12-5:30 p.m. Visitors to the room will have a chance to experience the tonal ...

Sotheby's tallies record $3.4 billion first half sales

ArtfixDaily / August 3rd, 2011

Competitive bidding for high value works combined with commissions from booming private transactions pushed Sotheby's consolidated sales to a record $3.4 billion in the first half of 2011. Sotheby's private sales were up 114% in the first half.

Tulsa taping yields record treasure on "Antiques Roadshow"

Antiques Roadshow / July 25th, 2011

Rare antique Chinese cups brought into the Tulsa stop of "Antiques Roadshow" on Saturday became the most valuable discovery in the PBS television show's 16-year history. Appraisers gave the collection of five Chinese carved rhinoceros horn cups, dating from the late 17th century or early ...

Auction market bullish in 2011, so far

ArtfixDaily / July 21st, 2011

The market for fine and decorative arts roared through the start of 2011 at the world's two biggest auction houses. Christie’s reported worldwide sales for the first half of 2011 of $3.2 billion, up 15% over last year's figures. Sotheby's just breezed through a summer of blockbuster sales in ...

Indian court orders curator for Hindu temple treasures

Voice of America / July 7th, 2011

A treasure with an estimated value of more than $20 billion that was discovered in the vaults of a Hindu temple last week will have a court-ordered curator. The immense trove of diamonds, emeralds, gold and silver coins, and figurines...

Water Views from the Figge Collection

Quad-City Times / June 30th, 2011

Works by Hudson River School masters figure laregly in“Water Views from the Figge Collection,” an exhibition on display through Aug. 21 at the Figge Art Museum, appropriately overlooking the Mississippi River, in Davenport, Iowa.

French wine, Chinese art soar to $106m at Christie's

Bloomberg / May 30th, 2011

The weeklong series of sales held by Christie's in Hong Kong began on a high note with a total of HK$821.2 million ($106 million) spurred by a demand for vintage bottles of Chateau Latour and modern Chinese paintings. Totals for the first three days of sales were up by 40% over equivalent ...