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.
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.
Fears that new US import rule may blight coins
29 April 2010ANTIQUITIES and other cultural property claimed by Italy as part of its heritage may soon be barred from entering the United States unless accompanied by Italian export permits. This could have a significant effect on the trade and transport of classical coins, for which the US is one of the largest markets.
Temporary respite for Malcolm Hay
29 April 2010THE Greek courts have agreed not to pursue dealer Malcolm Hay any further pending his appeal against his conviction for trading in stolen antiquities.
New York dealers Berry-Hill fall foul of their creditors
29 April 2010NEW York art gallery Berry-Hill have had a number of artworks seized after a judge ruled it had defaulted on a $9.5m loan.
Finarte boss Corbelli handed two jail terms over finance offences
29 April 2010GIORGIO Corbelli, president of Italian auction house Finarte, has been given a 20-month jail sentence on charges related to financial dishonesty.
Heritage to open new premises in New York
29 April 2010HERITAGE Auction Galleries will open a new gallery in New York in September. They have leased a ground-floor space, located at 445 Park Avenue, between 56th and 57th Streets.
LAPADA Russian mission sows seeds for future trade
26 April 2010LAPADA chief executive Sarah Percy-Davies has made significant inroads into the Russian domestic market on behalf of British dealers as part of an official British trade delegation.
London dealer bids record sum for Francken in Austria
26 April 2010SPEAKING to ATG at the end of last week, London Old Master dealer Johnny Van Haeften still had not actually seen the monumental painting by Frans Francken II (1581-1642) for which he paid 6.1m euros (£5.65m) at Dorotheum’s Old Master sale in Vienna on April 21.
Appeal consolation for Tiffany as eBay largely triumph
26 April 2010TIFFANY have lost on most counts in their appeal against a ruling in a US federal district court backing eBay over the sale of the firm’s jewellery.
Vollard emerges from a vault
26 April 2010A LONG-lost array of paintings, prints, books and drawings owned by legendary art dealer Ambroise Vollard (1866-1939) will be one of the talking points of the Paris summer season when it goes on sale at Sotheby’s on June 29.
British dealer exposes major theft from American library
06 April 2010A MANUSCRIPTS dealer from Cheltenham has uncovered a major theft of letters from an American university. The case is now being investigated by the FBI.
Nolan takes the top spot in Australia with Aus$4.5m bid
06 April 2010SYDNEY auction house Menzies Arts Brands recorded the highest price ever paid for an Australian artwork when Sidney Nolan's First Class Marksman 1946 sold to an anonymous phone bidder for Aus$4.5m (£2.9m) at their latest sale.
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