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.
Auction sales drop an average of 20% in Paris
25 January 2010IN a year dominated by Christie’s blockbuster 342m euros (£308m) sale of the Bergé/St-Laurent Collection, most Paris auctioneers reported a fall in sales averaging around 20 per cent. There were, however, signs of confidence returning to the market.
Drouot takes tough stand over arrests
25 January 2010DROUOT President Georges Delettrez has announced “strong measures with immediate effect” after nine members of staff at the central Paris saleroom (eight warehousemen and one auctioneer) were charged with “criminal association and organised theft” in early December.
London Jewish Museum scoops Chagall for £26,000
18 January 2010THE London Jewish Museum of Art (the Ben Uri Gallery) have announced that they have purchased a crucifixion by Marc Chagall for what they believe to be a fraction of its real value at a Paris auction.
New scientific technique for spotting fakes using ‘visual signature’
18 January 2010SCIENTISTS in the United States have unveiled a ground-breaking piece of technology to identify fake pictures.
Parties settle over Picasso ‘sold under duress’
11 January 2010AN agreement over the disputed Blue Period Picasso painting The Absinthe Drinker may well lead to a clearer legal definition of what constitutes art sold under Nazi duress.
Haughtons’ New York Fine Art Fair facing the axe
04 January 2010THE recession continues to take a heavy toll on the New York fairs scene and the first casualty of the new year looks set to be the Haughtons' International Fine Art Fair.
Hong Kong sales solid across the board
22 December 2009WHAT the latest Asian auction series in Hong Kong lacked in terms of headline-grabbing 18th century Imperial blockbusters, it more than made up for in solid performances across the board.
Christmas Carol at the top of the tree
22 December 2009A COPY of A Christmas Carol has now knocked Oliver Twist off the top of the tree to become the most expensive Dickens title ever sold at auction.
Multiple arrests as police raid the Hôtel Drouot
07 December 2009THE Hôtel Drouot was rocked to its foundations on December 2 after a massive police swoop ended with 12 people being taken into custody on suspicion of organised theft.
Australia reverses policy and adopts Artist’s Resale Right
07 December 2009AUSTRALIA has reversed its previous government’s decision and introduced its own version of the Artist’s Resale Right.
Ritchies slammed over record keeping
07 December 2009The trustee appointed to oversee the collapse of Toronto-based Ritchies Auctioneers has presented a damning portrait of the company’s operations.
Compensation mooted as China changes tack over return of works of art
30 November 2009CHINA is to encourage the return of its cultural heritage by offering overseas collectors “reasonable compensation”.
Inca chairs make €200,000 at second Yves Saint Laurent sale in Paris
30 November 2009THE Yves Saint Laurent/Pierre Bergé sale mark II was never going to be in the same league as the 374m euros spring extravaganza.
Deutsche Bank to sponsor major Hong Kong art fair
23 November 2009DEUTSCHE Bank have signed a five-year deal to sponsor ART HK, the Hong Kong art fair which launched in 2008.
French State snaps up Renaissance silver hoard
16 November 2009A “ONCE-in-a-century” discovery of Renaissance silver has been bought by the French State for 1.4m euros – less than a week before it was due to go on sale at Sotheby’s in Paris.
Warhol’s dollars make $39m in New York
16 November 2009THE latest series of contemporary art auctions in New York provided some further evidence of confidence returning at the top end of the market.
Finarte announce black-out over auction results
09 November 2009ITALIAN auctioneers Finarte have announced that they will no longer make their auction results public because of complaints from both consignors and buyers.
New York modern art series brings some relief
09 November 2009HAS the top end of the art market bounced back? This was the opinion ventured by some commentators after the flagship sales of Impressionist and Modern art in New York last week.
Court declares Ritchies bankrupt
09 November 2009THE troubled Toronto-based auctioneers Ritchies have finally closed after they were declared bankrupt by the Ontario Superior Court of Justice.
‘Life with a Leonardo’ – buyer Peter Silverman talks to ATG
26 October 2009THE dealer/collector who bought what is now widely thought to be a previously unrecognised work by Leonardo Da Vinci has given ATG details of the events leading up to the revelation.
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