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Koons lobster snapped up amid day two sales at Art Basel

The Art Newspaper

Hauser & Wirth reported the sale of Frank Bowling’s Iceni (1975) for $1.8m, adding that Felix Gonzalez-Torres’s “Untitled” (Go-Go Dancing Platform) (1991), priced at $16m, has been placed on “serious hold” for an institution. Berlin’s Galeria Plan B says it sold an untitled 2025 Adrian Ghenie painting for €1m.

Sale 194
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A sale as old as time: Natural History Museum to display £450,000 dinosaur fossil after London gallery helps secure buyer

The Art Newspaper

The final sale price has not been disclosed, but is understood to be close to the £450,000 listed price. Art market Dinosaurs Natural History Museum Share Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.

Sale 252
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‘Momentous’: Italy to slash art VAT to 5%, the lowest rate in the EU

The Art Newspaper

Art market Italy European art market European Union Tax VAT Share Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.

Analysis 301
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Comment | Artnet sale underscores its impact on the industry—and its limitations in today's landscape

The Art Newspaper

Privatisation and personalities Artnet’s capture of just 50% of the market (as it accounts for only auction sales) was never the whole story—rather, it was a good enough indicator. Suddenly their inside knowledge was available to all, for a fee, and many in the market—including yours truly—use the database every day.

Sale 167
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Cleveland Museum of Art acquires rare Giambologna marble sculpture

The Art Newspaper

Photo courtesy of Gary Kirchenbauer In 1989, an unpromising-sounding but alluring marble sculpture of a female nude came up for sale at a Christie’s auction held at an English country house in Hertfordshire. Wengraf handled the sale. The team is especially pleased with the condition of the piece.

Sculpture 325
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Tim Blum will phase out traditional gallery model, close Los Angeles and Tokyo locations

The Art Newspaper

First reported by Artnews , the transition was not sparked by the industry-wide drop in art sales —Blum says he is burnt out after 30 years. In 2023, Poe left the gallery , which was renamed to reflect the change. This is not about the market,” Blum told Artnews. This is about the system.”

Analysis 242
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Are art dealers’ August holidays a thing of the past?

The Art Newspaper

Alvarado-Jensen adds that she and her colleagues are “definitely developing strategies to navigate the slower pace in summer sales, and we’re using this time as an opportunity to focus on forthcoming curatorial projects for the autumn”. Instituto de Visión plans to shut its doors for three weeks, from 28 July to 18 August.