International
About 80% of the global art market by value takes place outside the UK. The largest art market in the world is the US with China in third place (after the UK) followed by France, Germany and Switzerland.
Many more nations have a rich art and antiques heritage with active auction, dealer, fair, gallery and museum sectors even if their market size by value is smaller.
Read the top stories and latest art and antiques news from all these countries.
The train crash that cost Steinbeck ‘part of his brain’
26 July 2010“ED seriously injured late today when train hit car – Ritch”. When a shocked John Steinbeck received this telegram in May, 1948, he left immediately for Monterey, California, but by the time he got there his good friend Ed Ricketts, the man he later described as being “part of my brain for 18 years”, was dead.
Chinese set new standards for their auction houses
12 July 2010A SERIES of guidelines designed to encourage standard and proper practice in the fine art auction industry in China were unveiled on June 31. They are the first measures of their type since sales by auction were permitted to resume in the People’s Republic 23 years ago.
Outcry over Australian bid to ban pension funds from buying art
05 July 2010INVESTORS and artists in Australia are in uproar at proposals to ban self-managed pensions from putting their money in art.
US dealers league to launch new upmarket Manhattan fair in 2011
28 June 2010THE Art and Antique Dealers League of America are to launch a new antiques fair at the Park Avenue Armory on Manhattan’s Park Avenue from April 28 to May 2 next year.
£33.5m record for Modigliani and for France
21 June 2010IT may have been an exceptional piece that generated an equally exceptional level of presale interest but, even still, few people present at Christie's Paris for the sale of Amedeo Modigliai's (1884-1920) Tête were expecting it to become the most expensive work of art ever sold at auction in France.
Failing to return art as market fell cost Christie’s dear
14 June 2010THE troubled internet entrepreneur and art collector Halsey Minor, who in March was ordered to hand over $6.6m for unpaid items ‘bought’ at Sotheby’s, has won a parallel legal battle with Christie’s.
Scroll sets record for Chinese work of art
14 June 2010BEIJING auctioneers Poly established a new milestone for Chinese art on June 3 selling a 38ft (15m) long calligraphic hand scroll by a Song Dynasty master for RMB390m ($57.4m) plus 12 per cent buyer's premium.
De Gaulle’s original call to arms revived
14 June 2010WITH the retreat from Dunkirk so much in the news at the moment, Aguttes have a particularly topical offering in their June 18 sale of manuscripts, postcards and historical documents.
Unique Napoleon archive surfaces in New Zealand
07 June 2010PRIMARY source material relating to the last days of Napoleon’s life has emerged at a charity valuation event in New Zealand and will be offered for sale on June 29. The consignment of more than 40 items includes a lock of Napoleon’s hair and a sketch of the former emperor on his deathbed drawn from life.
Vendors of ‘Friedrich’ apply to have £300,000 sale annulled
28 May 2010WHAT is thought to be a long-lost work by Caspar David Friedrich (1774-1840) is at the centre of a legal imbroglio after being offered for auction in France with an estimate of 80-100 euros.
Failure to repair alarm costs Paris museum dear
28 May 2010FIVE modern paintings, thought to be worth a total of over £90m, were stolen during the night of May 19-20 from the City of Paris Modern Art Museum.
Salander stock to be sold by Christie’s in New York
28 May 2010A SPECIAL addition to Christie’s mid-season Old Masters and 19th century art sale in New York on June 9 is what the auctioneers describe as “an exceptional selection of European paintings and sculpture” from the former Salander-O’Reilly Galleries in Manhattan.
Christie’s sued over 'Leonardo'
27 May 2010SWISS-based animal philanthropist Jeanne Marchig is suing Christie's over the female portrait sold as '19th century German' at Christie's New York in 1998 for $19,500 but now called La Bella Principessa and claimed as a £100m work by Leonardo da Vinci.
Market climbs out of hole
18 May 2010IF major auctions in New York are anything to go by, then the amount of money being spent on blue-chip pieces of Modern and Contemporary art is now almost back to the level seen before the market crashed 18 months ago.
ATG Media to power lot-tissimo
10 May 2010ATG’s parent company, ATG Media, has agreed to provide the technology for the first live internet bidding site in Germany.
Market for masterpieces gains momentum in New York
07 May 2010THE return of free-spending at the very top end of the art market continued apace at last week’s Impressionist and Modern sales series in New York as boom-time levels of bidding were seen on the blockbuster lots. For the second time this year, a new record was set for any artwork ever sold at auction.
Major headache for Minor as he loses case against Sotheby’s
04 May 2010AN American collector who sued Sotheby’s, alleging they concealed a financial interest in, and inflated the price of, a painting that he bought for almost $10m, has lost his case.
EBay buyer sued over negative feedback
29 April 2010EBAY users in the US are questioning the merits of the feedback system after a buyer from Florida who left negative comments for a seller has been hit by a $15,000 lawsuit for defamation.
Hong Kong sales enjoy the great bounce back
29 April 2010WHAT a difference a year can make. At the start of 2009 vendors shaken by the economic climate were reticent to consign to the major houses’ Hong Kong sales. But, a series of strong international Chinese sales during the latter half of last year restored market confidence.
Bonhams stamp their mark on Australia once more
29 April 2010BONHAMS have secured a major art collection that puts them squarely at the centre of the Australian auctions scene once more.
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