Economics

Nearly half of the €51bn spent on art last year was on a handful of high-end works

According to the economist Clare McAndrew’s annual report for Tefaf, there are fewer sales happening at higher prices

Published online: 11 March 2015

Recently published

UK arts funding in ‘severe’ crisis, museum director says

Two institutional leaders speak out about the government’s cultural cutbacks ahead of general election

Published online: 10 March 2015

Russia’s financial crisis has knock-on effects on cultural projects

Formerly wealthy patrons and investors are pulling funding from art ventures for which there is little government support

Published online: 05 March 2015

US museums capitalise on baby boomers’ desire to write big cheques

“Quietly does it” pays off as fundraising is put on a fast track, with Houston’s millionaires in a particularly generous mood

Published online: 19 February 2015

Art world connections begin to emerge from HSBC leaks

Worldwide investigation into Swiss bank accounts looks into wrongdoing and lax controls

Published online: 11 February 2015

Met can charge admission, judge rules—even if it’s just a penny

New York’s Supreme Court dismisses claims against museum’s "recommended" entrance fee

Published online: 09 February 2015

 

Forbes’ Rich List includes art patrons and collectors

There are some familiar faces on Forbes’s latest Rich List. Among the top ten—well...

Californian art world protests LA Times reporter layoff

In a heartwarming show of solidarity, the heads of 15 museums in California have rallied behind the art reporter at the Los Angeles...

 

It's tough in the middle for New York, ABMB 2013

While it's a good time to be at the very top or at the emerging end of the market, the middle tier of galleries and artists are feeling the squeeze. We ask New York's dealers and directors what are the alternatives to the mega gallery system?