andy warhol

Andy Warhol 1964 painting sells for $195 million, breaking auction record

A painting by Andy Warhol sold for a final price of $195 million last week, breaking the auction record for an American artist and for any 20th century art work. At a sale for charity at Christie’s in New York, four bidders competed for Shot Sage Blue Marilyn (1964). After less than four minutes of bidding, the painting …

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The Art World ‘Mystery Buyers’ Who Spend Big and Stay Secret

The contemporary art market has kicked into overdrive over the last couple of decades, with fresh innovations warping the playing field every five minutes. But since the art market as we know it first came to be, one phenomenon has endured as common practice: buyer anonymity. This week, Christie’s made headlines when the auction house …

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Why (and How) Global Economic Chaos Will Hit the Art Market in Ways You Might Not Expect (and Other Insights) | Artnet News

Every Wednesday morning, Artnet News brings you The Gray Market. The column decodes important stories from the previous week—and offers unparalleled insight into the inner workings of the art industry in the process. This week, stretching out the big picture…   TAKING THE PLUNGE Two years on from the U.S.’s first Covid lockdowns, a wide …

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