art collecting

Art auctions aren’t unlike the stock market. Buzzing with brokers, speculators, and investors, they’re a place where artwork is reduced to an asset, established artists are labelled “blue chip” while younger, emerging names are “red,” and…

Boutique auctioneer Phillips sold a 16-foot-wide, red-and-peach painting by Jean-Michel Basquiat for $85 million in New York on Wednesday.  Japanese billionaire Yusaku Maezawa put the…

Chicago gallery owner Rhona Hoffman has three or four collectors she won’t sell to again.“They broke the rule,” says the contemporary art dealer.That commandment to collectors: If you later decide to sell your…

SAN FRANCISCO—Four-year-old OpenSea has gained fame and a $13 billion valuation by staking a claim as the world’s biggest marketplace for some of the buzziest new items to trade, nonfungible tokens. It has also become a haven for fakes and…

One of the world’s chief auction houses has put the pandemic behind it, thanks mainly to millennials who splurged on everything from designer watches to digital artworks. After suffering double-digit sales…

The Christie’s auction house may summon images of richly-priced art, wealthy buyers with small paddles and intense specialists taking bids at a phone bank. But that’s been changing. This year, the company has sold $136 million in…

Call it Al Capone’s final haul. A trove of family mementos, jewelry and weapons that were once owned by the notorious gangster will be auctioned off by his three surviving granddaughters, who lived in relative obscurity until they…

LAS VEGAS— MGM Resorts International has enlisted Sotheby’s to come to Las Vegas to auction off a cache of Pablo Picasso paintings amassed years earlier by casino magnate Steve Wynn. The 11 Picassos to be sold have long been…

After a turbulent year, Christie’s said Tuesday that millennials in Asia and cryptocurrency collectors are splurging on blue-chip art, bidding up everything from jewelry to Jean-Michel Basquiat.Christie’s sold $3.5 billion of art during the…

The original files of the source code for the World Wide Web were sold Wednesday as a nonfungible token, or NFT, for $5.4 million, the latest in a string of digital collectibles to fetch upward of a million dollars. The…