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.
Moscow and Salzburg fairs cancelled
09 February 2009THE global credit crunch's latest victims are the Moscow World Fine Art Fair and the Salzburg World Fine Art Fair, which will not go ahead this year.
Turner the toast of Old Master sales in New York
06 February 2009IT doesn’t happen very often that either Sotheby’s or Christie’s can claim a major sales victory over their rivals, but at the latest Old Masters series in New York one side came out the clear winners.
VAT boost for Paris jewellery
26 January 2009THE appeal of Paris as an auction centre for jewellery received a boost at the start of the year, when France slashed import VAT on “rare” or “high value” jewellery from 19.6 per cent to 5.5 per cent.
Irish Government decides to extend Resale Right derogation
19 January 2009The Irish Government have decided to go the same way as the UK in not applying the Artist’s Resale Right (ARR) to the heirs of dead artists until 2012. The extension means that ARR will continue to apply to works by living artists only.
Sotheby’s take the lead in Paris
19 January 2009SALES in 2008 in Paris saw Sotheby’s and Christie’s occupy the top two spots for the first time – and open up a significant gap on the rest of the field.
Ex-employee charged with stealing from Skinner
13 January 2009A former long-term employee of New England auctioneers Skinner has been indicted by a grand jury for allegedly stealing over $724,000 worth of cash and auctioned property.
Cézanne theft lawyer jailed for seven years
05 January 2009A retired Massachusetts lawyer found guilty of involvement in a major art theft that extends back three decades has been sentenced to seven years in a Federal prison.
New York Asian fair cancelled as downturn bites
22 December 2008LONDON-based organisers Brian and Anna Haughton have cancelled the International Asian Art Fair scheduled for March 11 to 15 at New York's Park Avenue Armory – the first major fairs casualty of the world economic turmoil.
On-off saga of Bauhaus artist’s dispersal reaches another impasse
22 December 2008A FAMILY feud has led to yet another cancellation of the sale of 63 works of art by Oskar Schlemmer, one of the central figures of the Bauhaus.
DMG sell second US antiques fair
22 December 2008DMG, one of the world’s biggest antiques fair organisers, have sold another show from their American portfolio.
Hong Kong sales series brings serious rethink over Chinese art
15 December 2008The Chinese ceramics and works of art market is undergoing a price readjustment after a decade of unfettered growth, a trend highlighted at the latest Asian sales series staged at Christie's Hong Kong.
Bonhams’ $3.7m valuation day find
15 December 2008BONHAMS & Butterfields saw a strong price for a Korean ceramic in their Asian works of art sale in San Francisco on December 9.
Imperial connection lifts vase to $440,000
09 December 2008This monumental 19th century Russian gilt-bronze mounted porcelain vase, created by the Imperial Porcelain Factory in St Petersburg, is thought to have been included in the wedding dowry of a daughter of Tsar Nicholas I.
The $180,000 Beardsley that hung in a Boston bathroom
24 November 2008FOUND hanging in a Boston bathroom, the whereabouts of this Aubrey Beardsley (1872-1898) illustration had been a mystery for more than 80 years. Entitled The Climax, and hanging in the lavatory alongside another Beardsley pen-and-ink drawing called A Platonic Lament, the owners had no idea of its significance.
Seafair offers a sea change in stand charges
17 November 2008FLORIDA-based art fair entrepreneur David Lester is proposing a radical new relationship between exhibitor and fair organiser in response to the global economic turmoil.
New York sales down by half as confidence leaves the contemporary market
17 November 2008THE latest series of contemporary art auctions in New York showed how much the market has fallen since its peak. With sale totals down well over 50 per cent from last year’s autumn series held at the height of the boom, the extent of the damage caused by the current economic distress and diminished confidence amongst buyers was manifest. The question now is will prices stabilise or fall further?
The Obama bounce in the saleroom
10 November 2008COMING just hours after the election of Barack Obama in the US, a poster of the new President-elect sold at Bonhams & Butterfields in California for a double-estimate $4800 (£3145).
Two Presidents, two centuries, one vision
10 November 2008AS millions of Americans celebrated the victory of Barack Obama, Christie's announced that they will be offering an important memento from another historic Presidential election which brought a sense of hope to the country.
Impressionist and Modern art sales follow the world economy
10 November 2008Following the sometimes painful results of last week's Impressionist and Modern art sales in New York, there can now be little doubt that the worldwide financial distress is undermining demand for trophy paintings and sculpture. All sales missed their low estimates by some margin.
Arts of Pacific Asia to make way for US army in 2009
10 November 2008Caskey-Lees' 18th staging of Arts of Pacific Asia next year has to leave its traditional venue, the 69th Regiment Armory on Lexington Avenue.
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