A California law, the only of its kind in the country, entitled visual artists to resale royalties. A court found it conflicted with U.S. copyright law.
Auction houses and fairs are looking for ways to make pre-20th-century art exciting and accessible in the digital age.
All but one of the 75 lots offered in evening contemporary art sales at Sotheby’s and Phillips found a buyer.
Standout lots were few and far between at sales of Impressionist and modern works that finished 22 percent down compared with last year.
Speculators who drove up prices in the mid-2000s have been replaced by younger Indian collectors who are making more meaningful purchases.
The woman says her father’s efforts to stop the painting from being sold at auction last month led to a “disappointing” $30.7 million price tag.
The rapper and style muse put himself through a series of physical challenges before unleashing his new album, “Testing.”
Museums have been re-evaluating their collections to give more prominence to works by black artists. Recent sales in New York show the market is following.
On Thursday, buyers were looking for works fresh to the market from long-term collections, rather than resales.