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Welcome to ARTnewsletter
Written by the editors of ARTnews, the oldest and most widely-read fine arts magazine in the world, ARTnewsletter is a timely, topical, biweekly report on the art market. It is the indispensable resource for art professionals and serious collectors who need to follow art trends throughout the world.
Inside the Current Issue
American-Art Sales: 'Active but Selective' Buying
NEW YORK—The results of the midseason auctions of American paintings, drawings and sculpture at Sotheby’s and Christie’s March 3–4 showed improvement from the sales of a year ago, with slightly higher overall volume and sell-through rates. Read more...
Sotheby’s Earnings Reflect Brighter Picture for Art Market
NEW YORK—On March 1, Sotheby’s released its fourth-quarter and full-year 2009 earnings report, showing a resurgence in demand for high-end artworks in recent months, which experts hope signals a rebound in the overall art market. Read more...
Fisk to Pursue $30M Art-Sharing Agreement with Walton’s Museum
NEW YORK—Late last month, the Tennessee Supreme Court declined to hear an appeal of a lower court’s ruling that the Georgia O’Keeffe Foundation, Santa Fe, N.M., has no standing to reclaim a major donation Georgia O’Keeffe (1887–1986) made to Fisk University, Nashville, Tenn., in 1949: 101 works of modern art from the collection of her late husband, Alfred Stieglitz. Read more...
Crystal Bridges Announces New Contemporary-Art Acquisitions
NEW YORK—Wal-Mart heiress Alice Walton has spent the past several years building a major collection that will form the core of the Crystal Bridges Museum of American Art, Bentonville, Ark. Read more...
Mixed Results at Swann African American Art Auction
NEW YORK—Swann Galleries’ auction of African American art on Feb. 23—its seventh since the series was initiated in 2007—realized a total of $1.2 million, just under the estimate of $1.3 million/1.9 million. Read more...
$1.4M Warhol Portrait Sale Sparks Ownership Dispute
NEW YORK—When Andy Warhol’s Portrait of Linda Cossey with Camera, ca. 1981, went on the block at Christie’s evening sale of Postwar and contemporary art in London on Feb. 11, it carried an estimate of £450,000/550,000. Read more...
Collectors Target Kenneth Noland Circle and Stripe Paintings
NEW YORK—Kenneth Noland, who died on Jan. 5, at the age of 85, has a devoted following among U.S. buyers, and the number of European buyers interested in his work is rising, dealers say. Read more...
Goldberg Announces Retirement, Plans to Auction Art at Christie’s
NEW YORK—Christie’s has announced that it will sell nearly the entire inventory of Bernard Goldberg Fine Arts, New York, which recently closed its doors, after 12 years of operation. Read more...