Chinese-born crypto founder Justin Sun seems to be enjoying the publicity that comes with buying a $6.2 million banana. AFP via Getty Images Blockchain billionaire and art collector Justin Sun made global headlines in November after shelling out $6.2 million at Sotheby’s for Maurizio Cattelan’s Comedian (2019), his infamous banana duct-taped to a wall. Sun …
The site of Los Angeles’s newest art fair Santa Monica Post Office, California. Courtesy Santa Monica Post Office. While the art world has felt bleak amid a buckling market, a new art fair is gracing Los Angeles this year. Named for its location, Santa Monica Post Office, will run concurrently with Frieze LA and Felix …
Santa Monica Post Office, a New Boutique Art Fair, Launches in Los Angeles Read More »
Marc Spiegler. Photo Arturo Holmes/Getty Images Since the early 2000s, there has been a significant growth in education around the art world, and specifically in the art market, with courses at universities and programs at Sotheby’s and Christie’s. Marc Spiegler, the former director of Art Basel, the world’s most important fair for modern and contemporary …
Former Art Basel Director to Teach Course on ‘Understanding Today’s Art World’ Read More »
The elaborately decorated ancient Egyptian tomb dates to the sixth dynasty. Courtesy of The Egyptian Ministry of Tourism and Antiquities The Egyptian Ministry of Tourism and Antiquities has announced the discovery of an “engraved and beautifully painted” tomb of a royal doctor from the Sixth Dynasty by a French-Swiss joint archaeological mission. The discovery was …
Archaeologists Unearth Tomb of Pharaoh’s Doctor and ‘Magician’ Read More »
Palatial residence: Ropac’s new gallery is in Milan’s Palazzo Belgioioso. Photo: Adriano Mura This fall, Austrian dealer Thaddaeus Ropac is opening a new gallery in Milan, where he will be a big fish in a small pond. Few other galleries of his caliber currently operate in Milan, a city whose art scene is home to …
Thaddaeus Ropac to Open New Gallery in Milan This Fall Read More »
Fires in California are being fanned by strong winds. Getty Images To receive Morning Links in your inbox every weekday, sign up for our Breakfast with ARTnews newsletter. The Headlines LA ARTIST HOMES AND CULTURAL LANDMARKS BURNED. The spreading fires in Los Angeles continue to wreak havoc, including ravaging artists and cultural centers. Karen K. Ho has written about museum …
View of the Rieckhallen extension of Berlin’s Hamburger Bahnhof Museum of Contemporary Art taken. Photo John MacDougall/AFP via Getty Images Berlin’s government has pushed through a €130 million cut—12% of its culture budget—despite weeks of protests and warnings from the arts sector. The reduction, part of the city’s 2025 spending plan, has prompted widespread concerns …
Berlin Moves Forward With €130 M. Cuts to Arts and Culture Read More »
Rene Magritte’s L’empire des lumières (1954). Christie’s Images Limited, 2024 In 2024, the art auction market showed signs of recovery but fell well short of the highs reached in 2022, or even the lower totals from last year. The cumulative value of the top ten auction lots sold in 2024 was $512.6 million. That was …
The Most Valuable Artworks Sold At Auction in 2024 Is a Stark Drop From Recent Years Read More »
The Kawamura Memorial DIC Museum of Art. LightRocket via Getty Images Japanese chemical company DIC Corporation announced in a press release Saturday that its board of directors had decided to “downsize and relocate” the Kawamura Memorial DIC Museum of Art, an institution in the city of Sakura, 25 miles northeast of Tokyo, that it owns. …
“I’ve never seen one that’s so beautifully preserved,” professor Alice Roberts said, who presents a documentary featuring the sword. Prof Alice Roberts/BBC/Rare TV Archaeologists in rural Kent, UK, have unearthed a “really incredible” 6th-century sword from an Anglo-Saxon cemetery near Canterbury. Several other striking objects have also been found at the same site. It is …
Exceptionally Well-Preserved Anglo-Saxon Sword Found in UK Read More »
