It’s been a memorable year in the art world, not for what happened, but for who left.
Loic Gouzer will step down as co-chairman of postwar and contemporary art at the end of the year
Auction houses are still getting high prices for works from the historic canon, but demand isn’t what it once was.
Sales have slowed in the face of new political realities, including Western sanctions on Moscow. But wealthy buyers continue to create surprises.
A blockbuster week of sales backed by third-party guarantees reassures the art world that the market is humming, if not booming.
The trend toward broadening tastes at auction picked up steam at Christie’s with the Hockney and new highs for works by two African-American artists.
In three auctions, there were some formidable prices, though eyebrows were raised at a number of intimidating estimates. And there were failures.
Chinese collectors flock to London to buy items from their country’s Imperial past, attracted by pieces with ownership histories that guarantee authenticity.
The executor of the estate, which is involved in several legal issues, said the money will go to pay lawyers and repair the artist’s leaky house.