With its enormous wealth, the Middle East has long been viewed by the international art trade as a prime market for expansion.

“Geopolitical tensions, economic volatility and trade fragmentation” drove the market down, according to the Art Basel and UBS Global Art Market Report.

With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche…

Sotheby’s opened a new salesroom and international collectors are arriving for the inaugural Art Basel Paris fair. But visiting is one thing; buying is another.

The portrait was left unfinished in the painter’s studio when he died, and questions persist over the identity of the subject and what happened to…

The painting’s re-emergence after decades has come with a swirl of questions about its subject, one of three related teenage girls.

After a four-year break, the collaborative exhibition Condo is again luring international dealers to the city, where contemporary art is buoyant, against the odds.

The Christie’s president Jussi Pylkkänen, who held the hammer for the auction house’s biggest sales, is leaving after nearly 40 years. Much changed in that…

While some risk was offloaded to third-party guarantors at the November series, and sales hit estimates, Sotheby’s saw a loss on a Rothko and seemingly…

Dealers were hoping to send positive signals in the face of a possible downturn, but the Swiss fair’s bustle didn’t always translate into sales.