A few months after the abstract painter Richard Diebenkorn died in 1993 his family visited Knoedler & Company, the gallery on the Upper East Side of Manhattan that had long been his dealer.
Russian billionaires are famous for being big buyers of contemporary art, bolstering sales in capitals across the West, but at home it's a different story.
Wandering around the airy, massive tent that is home to the inaugural Frieze Art Fair, critic Jerry Saltz mused, “New Yorkers usually don’t cross water for culture, unless it’s an ocean.”
Two days after the $120 million sale of Edvard Munch's "The Scream" set a new record for the most expensive work ever sold at auction the identify of its anonymous buyer remains unknown, but perhaps not for long.
Helsinki rejected a proposal to build a 140 million euro ($185 million) Guggenheim museum on the Finnish capital's waterfront, a notice on the city's website said on Wednesday.
It took 12 nail-biting minutes and five eager bidders for Edvard Munch’s famed 1895 pastel of “The Scream” to sell for $119.9 million, becoming the world’s most expensive work of art ever to sell at auction.
The spring art sales got off to a solid start at Christie's on Tuesday, with works by Cezanne and Matisse each selling for $19 million as the auction house moved $117 million worth of Impressionist and modern art.
A leading industry journal, the Burlington Magazine, has accused Tate Britain of failing the public by sidelining history in favour of contemporary art.
Portrait painter Lucian Freud left a record 96 million pounds ($156 million) in his will, the largest sum bequeathed by a British artist, the Mail on Sunday newspaper reported.
Coca-Cola is joining forces with a television show in its search for three iconic paintings by Norman Rockwell which could be worth a total of about $1.5 million.
