The US retained its position as the largest art market globally. Millennial collectors were the most active buyers – and spent the most. Female collectors had a higher average level of spending than men. The art market often mirrors the trends and economic developments, experts like Paul Donovan, Chief Economist, UBS Global Wealth … Read more
According to the third edition of the Art Basel and UBS Global Art Market Report, in 2018 the global art market grew by 6%, reaching an estimated $67.4 billion. United States is extending its position as the largest art market and the United Kingdom is regaining its place as the second largest art market … Read more
Christie’s Auction house sales are up 26% to almost £3 billion, leading to the highest half-year total in company history. 80% of the highest selling objects in the first half of 2018 were sold at Christie’s. Continued global demand, audience engagement with the diversity of collecting categories and the historic Rockefeller sales helped drive … Read more
Rich investors burned in the financial crisis are back in the market for modern masterpieces, according to Knight Frank luxury investment index
Samson Young and Chiharu Shiota among artists whose works bring global political turmoil to art market’s top event
Painting of the Grand Canal expected to fetch up to £30m, amid surging interest from super-rich in Asia and Middle East