Category: Art & Museums

How Art Auctions Choreographed a $2.5 Billion Comeback

The New York Times – Business:
After four years of uneven sales, the auction houses engineered a successful season by redefining the expectations of buyers and sellers.
Oysters, Champagne and Billionaires Buying Art

The New York Times – Business:
When the European Fine Art Foundation alights in Manhattan, it’s something like a billionaire version of the classic television game show “Supermarket Sweep.”
The Met Will Expand by Merging With the Nearby Neue Galerie

The New York Times – Business:
Beginning in 2028, the Metropolitan Museum of Art will own the Neue’s Fifth Avenue home and the prestige collection of 20th-century Austrian and German art built by Ronald S. Lauder.
Can Three Auction Houses Sell $2.6 Billion Worth of Art in One Week?

The New York Times – Business:
Five luxury artworks hold the key to the spring season, one of the most anticipated sales in years. Major buyers are looking past female and younger artists and toward tradition.
Is It an Art Gallery? A Museum? A Theater? A Dream?

The New York Times – Business:
The Ministry of Awe, a new immersive experience in a former bank in Philadelphia, aims to help locate the wondrous in the everyday.
$450 Million Worth of Newhouse Trophies Come to Christie’s

The New York Times – Business:
A special May evening sale will feature 16 artworks from the museum-quality collection of the Condé Nast chief S.I. Newhouse Jr.
Top-End Auction Sales Help Pull Global Art Market Out of Slump, Study Says

The New York Times – Business:
The top drivers included a $2.2 billion auction week in New York and strong fall fairs, according to the annual Art Basel and UBS report.
Christie’s to Auction 3 of Agnes Gund’s Art Jewels

The New York Times – Business:
A Rothko, a Twombly and a Surrealist box with a Medici princess by Joseph Cornell are estimated to sell for $145 million.
Rama Duwaji Joins New Yorkers at an Art Party

The city’s first lady showed up for a night out with artists, writers and celebrities at the Whitney Museum’s winter fund-raiser.
The NFT Has Changed Artists. Has it Changed Art?

Hardly at all.
Russian Filmmakers and Other Artists Face Boycotts Over Ukraine

A Russian moviemaker with Ukrainian roots and relatives in Kyiv denounced the war. The Glasgow Film Festival dropped his film anyway.
Awol Erizku Is More Than Beyoncé’s Pregnancy Photographer

With an exhibition at Gagosian, Erizku hopes to be taken seriously as an artist, rather than viewed as “a photographer for hire.”