Art BusinessNews

Artnet six month report shows global market contraction; growth in US

  The six-month auction results report from online auctioneer and art market resource artnet, reveals that the global fine art auction market was down 6% in the first six months of 2015. The Chinese fine art market witnessed the greatest contraction at over 30%. However, United States sales value increased …

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Art BusinessNews

Disrupting the global auction market: Auctionata achieves online world record

  Berlin-based online auction house Auctionata has completed the first half of the 2015 with a GMV of €35.7 million (US $39.7 million), which constitutes a 195 percent increase compared to the same period in the year before. Two years after launching weekly livestream auctions, Auctionata is now Germany’s biggest auction house both in terms …

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Art Business

Art insurers and brokers

If you are serious about art collecting, you need to be serious about insurance too, because events such as theft, weather damage and accidental damage are a perennial problem. Underinsurance is also an issue, especially as may collectors do not have a clear idea of what their collections are worth. …

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Art Business

Artcurial opens in Germany; further international expansion planned

Major French auction house Artcurial will pick up the pace of its development in Europe during the second half of 2015. As part of this process, it will start working with a permanent representative in Germany: Moritz von der Heydte. An art market specialist who has previously held roles with …

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Q&A: Marianne Rosenberg talks about family, history and her latest art venture

It is a quest that spans three generations. It involves Nazis, Picasso and World War Two battles. It would be rejected as a film plot, but the hunt to recover Paul Rosenberg’s stolen art collection is a tale of prudence, luck, coincidence and determination. It starts in the late 19th …

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Art Business

ArteQuesta to offer guaranteed returns

Fine art investment company ArteQuesta has introduced guarantees for its clients. Investors will be able to purchase artworks for a specified amount of time, with the guarantee that ArteQuesta will buy back the artwork on a specific date with a guaranteed return on investment for the customer. “Guarantees have been …

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Art Business

An auction revolution: Tim Goodman’s vision of the future

Since online auction house Fine Art Bourse launched last month, its founder Tim Goodman has been flooded with emails of congratulations from delighted collectors keen to save money through its cut-price commission fees. FAB’s first auction is scheduled for September. How will things unfold after that? Private Art Investor asked …

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Art Business

Rayah Levy: why ArteQuesta embraces Bitcoin

By embracing Bitcoin as a form of currency, the art world can create a lasting record of an item’s provenance. That is the key reason why Rayah Levy, founder and director of Mill Valley, CA-based fine art investment company ArteQuesta, has decided to embrace the digital currency. Not controlled by …

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Art Business

New global arts club launches

A new global arts club, The Cultivist, launched in London on Friday. It is the brainchild of Marlies Verhoeven and Daisy Peat, who previously worked together for over six years at Sotheby’s. Their aim is to offer “intimate and privileged access to the art world through unique experiences, expert knowledge …

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Art Business

Canny savings: how Fine Art Bourse does it

It sounds almost too good to be true: Tim Goodman’s Fine Art Bourse (FAB) went live at the end of June a buyer’s commission of only 5%, compared to the 25% fee commanded by traditionalists Sotheby’s and Christie’s. While this head-on challenge to the duopoly has been much publicised, one …

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