Private sales and flexible financing arrangements are also helping the businesses shore up their bottom lines

One of the most complete fossilised skeletons of its kind beat the previous record, held by Ken Griffin’s Apex, by more than $5m

Data from Sotheby's, Christie's and Phillips shows confidence from major single-owner sales is trickling down to the rest of the art market

The pieces come from a beloved 2015 collaboration between Abloh and his alma mater, the University of Wisconsin-Madison

Andrew Crowley, based in Bristol in the UK, has been sentenced for trying to sell statues with forged provenance documents through the auction house in London

Led by a once-scandalous Modigliani painting, the £296.3m London evening sale provided a bright spot for a market struggling with concerns of Brexit and overseas competition

The objects, a stone mask and an intricate ceramic figure, are scheduled to be auctioned Thursday morning in New York

The fair's first edition at Sotheby’s landmark Madison Avenue home will feature an expanded roster of international galleries

In this week's episode, Ben Luke speaks to correspondent Judd Tully on the New York spring auction results and takes a tour of the James McNeill Whistler exhibition at Tate Britain in London. Digital editor Alexander Morrison sees a frieze by Edvard Munch on display in Oslo.

Henri Matisse’s "La Chaise lorraine" sold for $48.4m with fees as strong results for Picasso, Van Gogh and Giacometti lifted the evening auction's total

Last night's season opening sale of post-war and contemporary art, which started with 11 lots from the late art dealer, set new records for young artists Ding Shilun and Yu Nishimura

This champion of Detroit’s art scene is set to open her own culture space, funded by the sale of key works from her collection at Sotheby’s New York

The sales at Bonhams, Christie’s, Phillips and Sotheby’s, spanning two weeks, will test the trade’s recent buoyancy

“The Harvest in Provence”, once owned by a British collector, is estimated to sell for up to $35m

Financier Joe Lewis's trove of market titans, including Klimt, Schiele and Bacon, will "inject trust into the London market" when it is sold at Sotheby's this June

The $33.5m price fetched by set, which once belonged to Yves Saint Laurent, reflects Claude and Francois-Xavier Lalanne's still-growing market

Against a backdrop of a contracting job market for graduates, initiatives such as the Sotheby’s Institute’s fellowship programme are supporting the next generation of art industry experts

The packed auction totalled £131m and made a record for Leon Kossoff

In a recalibrating market, auction houses are carefully balancing much needed fee revenue with compelling deals for both buyers and sellers

The auction will provide crucial financial support for the institution, which last year was looking at axing 60 members of staff as part of a cost-cutting drive

The week's sales also saw a near-record for a Canaletto painting and a seven-figure result for a 15th-century Hebrew illuminated manuscript

The acclaimed poet, who died in 2024, was “a unique figure" who combined collecting and selling art with writing and publishing literature

Having refined its strategy for the nascent market, the sale landed a $2.1m record for Binzagr but found less success for major Western names

Auction house powers ahead with blue-chip lots in the Middle East but luxury items fall out of favour

Tariffs and new anti-trafficking rules took their toll in the US and Europe this year, as attention and investment shifted to the Middle East

The $6.7m New York sale of the film star's prized possessions closed out a successful season for the auction house

Projected revenue at both auction houses is up from 2024, at $7bn for Sotheby's and $6.2bn at Christie's, with high-profile transactions increasingly taking place behind closed doors

Netting a solid $133.4m total, the first Sotheby’s live sale in Abu Dhabi is described by the house as the largest debut for any new market in its history

Sotheby's sold “Parisian Novels” for $62m and “The Sower” for over $10m, a record for one of his drawings

The final evening auction of New York’s marquee autumn sales featured a bevvy of bidding on Surrealist works and a $62.7m Van Gogh