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 view of Venice at a record £23.8m
11 July 2011Making a record price for any Venetian view painting at auction, Francesco Guardi's (1712-1793) monumental View of the Rialto Bridge, Looking North, from the Fondamenta del Carbon sold for £23.8m hammer at Sotheby's Old Master evening sale on July 7.
Finarte closes its doors over spiralling debts
11 July 2011SPIRALLING debts and a lack of prospects have forced the closure of Finarte Casa d’Aste S.p.A., formerly a major player in the Italian auctions scene.
Ketterer Kunst relocate in Hamburg
13 June 2011GERMAN fine art auctioneers Ketterer Kunst will move their Hamburg branch to new premises later this month after ten years in the Messberghof.
£35m scroll underlines strength of Chinese art market
06 June 2011IT took 50 bids and half an hour to auction this RMB370m (£35m) scroll, by Qi Baishi (1864-1957) at Beijing's China Guardian on May 22 – the latest demonstration of the breadth of mainland demand for modern Chinese paintings by the country's most acclaimed artists.
Trial and terror – an account in Robespierre’s own hand
06 June 2011THE man who oversaw the French Revolution's 'reign of terror' but who finally met his end at the guillotine himself, Maximilien de Robespierre, was back on the block again at the end of last month as Sotheby's auctioned an extraordinary cache of documents in Paris.
Bankrupt New Orleans Auction Galleries strike deal to continue trading
31 May 2011ONE of the USA’s largest regional salerooms, New Orleans Auction Galleries, have filed for bankruptcy protection but struck a deal to keep trading that will ensure all consignors are paid.
Frieze launch new art fairs in London and New York
23 May 2011THE organisers of the UK’s largest contemporary art fair, Frieze, are launching two new events for 2012.
Australia sets up its own version of BAMF
16 May 2011THE Australian art and antiques industry has formed its own version of the British Art Market Federation following what it calls “several years of uncertainty in the Australian art market”.
Contemporary sales enjoy mixed fortunes
16 May 2011THE latest sales of Contemporary art in New York produced some solid results, but buyers were selective and not all the projected highlights fulfilled vendors’ expectations.
Bonhams raise stakes Down Under
16 May 2011THE contstant jockeying for position in the Australian art and antiques auctions market continues with the appointment of Mark Fraser as chairman of Bonhams Australia with immediate effect.
Alma-Tadema outshines modern art sales in New York
16 May 2011IN a series of high-profile auctions in New York that saw an underperforming run of Impressionist and Modern art sales, the eye-catching price of the week by some distance came for a 19th century historical genre painting.
Record Hong Kong series tackles non-payment issue
03 May 2011SOTHEBY’S latest Asian series represented an all-time high for the firm in Hong Kong.
French firms act over rogue Chinese bidding
11 April 2011FRENCH auction houses have toughened their stance on Chinese bidders after a series of well-publicised problems with non-payment.
Gourdon collection brings over £30m in Paris bonanza
04 April 2011THE mammoth, 875-lot, three-day sale from the collections of the Château de Gourdon staged by Christie's in Paris closed last week closed having raised a hammer total of €35.1m (£31.9m).
Beijing auction house opens office in US
04 April 2011CHINA’s fourth largest auction house, the Beijing Council International Auction Company, have opened an office in the US with the aim of sourcing material to sell in mainland China.
Mexico sparks new tribal art row in Paris
28 March 2011A ROW has erupted after another attempt by South American interests to intervene in a tribal art sale in Paris.
Sotheby’s relive Gagarin’s triumph 50 years on
14 March 2011ON April 12, 1961, Soviet cosmonaut Yuri Gagarin blasted out of the earth’s atmosphere in the Vostok 3KA-3 Space Capsule, becoming the first man to travel into space.
Christchurch dealer fights to save his stock
14 March 2011REPORTS from Christchurch in New Zealand reveal that an antiques dealer is appealing for help to retrieve his stock before the army demolishes his damaged shop.
Profitable journey from Suffolk to Sydney
14 March 2011A PICTURE discovered in a Suffolk village has sold for Aus$132,000 (£85,715) in Bonhams' saleroom in Sydney, Australia.
China pushes UK art market into third place
14 March 2011CHINA has pushed the United Kingdom into third place as a player in the world art market and is now second only to the United States.
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