The Clarion List
News

The Clarion List expands offering to London

The Clarion List the directory of art service providers has added London to its portfolio and expanded its offering to cover 24 US art markets upping its listings by 66% to a total of more than 4,000 entries. Created by former Christie’s executives Jessica Paindiris and Gaia Banovich the platform …

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Hiscox
Art BusinessNews

Hiscox states online art sales climbed 24% to $3.27 billion during 2015

Online art sales reached $3.27 billion, up 24% in the last 12 months despite a decrease in global art auction sales in 2015, according to a new report by insurance giant Hiscox. The Hiscox Online Art Trading Report has indicated that the lower end of the art market could be …

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Buy art

Auction Houses Adapt to Serve the Next Generation

Sotheby’s, Christie’s and other auctions houses are adapting to serve the next generation. Auctions today are facing up to the fact that while the older audiences have traditionally supported them are still vital, their survival hinges on looking to the next generation. “It’s absolutely critical, essential,” said Jussi Pylkkanen, Christie’s …

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Art BusinessNews

Artnet CEO: why the online art market is at a tipping point

Although the number of lots offered decreased in the global art market, Artnet Auctions saw an increase of over 7% in the first half of the year, as compared to the second half of 2014. The number of lots sold also increased 20% in the same time period, bolstered by …

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Art BusinessNews

Is art market growth slowing?

While auction records have continued to be broken in the first half of 2015, Christie’s half year results, released last week, may suggest that the growth rate of the art market is slowing. Christie’s reported record half year sales of £2.9 billion, up 8% ($4.5 billion, up 0%) on the …

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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 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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Auctions & shows

Christie’s Post-War and Contemporary Art summer auctions total £109,700,850

Christie’s Post-War and Contemporary Art auctions in London resulted in a combined total of £109,700,850 / $172,134,688 / €154,090,265. A highlight of the week was the record achieved for Chris Ofili’s Holy Virgin Mary (1996), one of the defining paintings of the 1990s generation. Christie’s said the successes of the Evening and …

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Auctions & shows

Chinese buyers a strong presence at Christie’s day sale

Strong interest came from Chinese buyers at Christie’s Post-War and Contemporary art day auction in London on July 1. The top lot was Robert Longo’s Untitled (Last Tiger), which achieved a figure of £650,000 (estimate £300,000-400,0000). Of the 206 lots offered, 77% sold by lot and 85% sold by value. Rosanna …

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Auctions & shows

Sotheby’s has record European contemporary sale, despite Bacon not selling

The Sotheby’s evening sale achieved £130.4 million ($204.7 Million) the auction house’s highest total for an auction of Contemporary Art in Europe. The previous record was £123.5 million set in February. However the presale estimate of the sale was between £142.2 and £202.6 million, meaning that although some lots sold …

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