Overall sales fell by 23% compared to 2023, though the private division grew

The auction house's swift reversal of its recently overhauled premium structure is an admission of how wrongly it read the runes, writes Melanie Gerlis

He will be replaced by the president of Christie's America, Bonnie Brennan

The non-selling portrait exhibition will be on display at Christie’s Beverly Hills during the Frieze Los Angeles fair

Less than a year ago, the auction house reduced buyer’s premium and tried to introduce a flat 10% vendor's commission to avoid bartering. It did not prove popular with sellers

Martin Wilson, the chairman of the British Art Market Federation (Bamf), is joining as chief executive and will oversee global operations

The house's auction total saw a double-digit decrease for a second year in a row—but private sales are booming

Staff cuts at auction house come as $1bn deal with Abu Dhabi wealth fund closes 

The deaccessioned works, to be offered at Christie's in New York, include 17 pieces by Dutch and Flemish artists from the 17th century

The top end of the market failed to recover, while auction houses expanded in Hong Kong amid dramatic shifts in the city

However, despite assistance from big names, it was emerging artists who were the real stars of the show

The buyer, the collector and crypto investor Justin Sun, immediately vowed to eat the banana

“Every now and then you strike gold,” says the general manager of Bonhams Skinner

It’s a new record for a work of art created by a robot, the auction house says

In a subdued market, the season’s most promising auctions are of estates

Christie's acquisition of Gooding & Company has renewed focus on collectible automobiles

The auction house will hold the sale in the historic town of Diriyah, offering Modern and contemporary art as well as handbags, cars and sports memorabilia

New services such as AI-enhanced translation are proving popular, even as human involvement remains crucial

The robotic brainchild of British gallerist Aidan Meller will make her auction debut on Halloween

The 1964 painting was a prominent feature in the artist’s recent travelling retrospective

Mega-dealers and auction houses are shrinking some areas while expanding others

The auction house will hold its first live evening sale in the new Zaha Hadid Architects-designed Henderson Building today

Ria, Naked Portrait (2006-07) depicts an art handler who approached the artist, then in his 80s, to pose for the painting

If it goes for the auction house's estimate, "L'empire des lumières" (1954), from the collection of late interior designer Mica Ertegun, would set an auction record for the Surrealist artist

With the announcement of Riyadh-based managing director Nour Kelani, the firm hopes to deepen ties with the Kingdom's collectors and ambitious cultural projects

Gooding & Company was founded in 2003 by a former Christie’s director

The auction house is expected to relocate its New York operation to 57th Street by the end of 2025

A document sent to investors, and seen by the newspaper, ahead of investment from Abu Dhabi’s wealth fund also reveals a 25% drop in auction sales

Patrick Drahi will remain auction house's majority shareholder in $1bn deal, as ADQ buys shares to "reduce leverage" and support "growth and innovation"

Chabi Nouri, who previously led the watch and jewellery company Piaget, replaces Bruno Vinciguerra