Jean-Michel Basquiat breaks US art record with £85m sale

Painting by Basquiat, who died aged 27, is most expensive at auction of any US artist, also breaking record for a black artist

Jeff Koons’ Louis Vuitton bags: a joyous art history lesson

In championing the likes of Fragonard, Rubens and Titian, Jeff Koons’ line of Louis Vuitton accessories brings high art to the high street – and shows off his sincere passion for painting

Apple is tired of making Coca-Cola and now wants to sell champagne

The company’s philosophy once followed Warhol’s line about Coke. But with a premium iPhone Pro rumoured, this sense of egalitarianism no longer applies

Two for one: Louis Vuitton presents collaboration with skater label Supreme

Logo-emblazoned bumbags and jackets abound in menswear collection that says a great deal about shifting luxury landscape

Art market faces uncertain 2017 after falling values and high-profile disputes

A drop in volume, court battles and authenticity issues dogged 2016 and no one is sure if the new presidency will be good or bad for business

David Bowie’s sombre art collection needs more space oddities

Aside from Jean-Michel Basquiat and Marcel Duchamp, there’s little provocation or pop art brashness in David Bowie’s art collection – instead he’s weirdly fascinated by 20th-century British painting