Vatican to set up contemporary art pavilion in Venice For the first time in its 84-year history as an independent state, Vatican will have its own contemporary-art pavilion at the 2013 Venice Art Biennale – the major contemporary art exhibition that takes place once every two years (in odd years) in Venice, Italy. The 2013 … Read more
World’s most expensive contemporary artwork Mark Rothko’s Orange, Red, Yellow 1961 oil painting was sold for $86,882,500, setting a world auction record for any Contemporary work of art and a world auction record for the artist, at New York, Rockefeller Plaza on 8 May 2012 in the Post-War and Contemporary Art Evening Sale. “Orange, Red, … Read more
This year, Artprice’s annual art market report – based on 6.3 million auction results from 4,500 auction houses around the world focused particularly on China’s successful conquest of the global art market. In spite of the sword of Damocles hanging over the West, art in fact sold better in 2011 than at any other time … Read more