While avoiding fanfare, a sister of the emir of this tiny Persian Gulf state has become one of the art world’s most important players. The NYT reports.
Art Basel, one of the world's most prestigious modern and contemporary art fairs, opened its doors this week. But with back-to-back fairs on art collectors and dealers' agenda, is "fair fatigue" setting in?
A new study found that the world's 2,170 billionaires hold an average of $31 million each of art, equal to 0.5 percent of their net worth. Here are the top 10 holders.
A huge diamond unearthed in Botswana commanded an unearthly price of $26.7 million from Christie's auction house Wednesday amid the spring ritual of well-heeled bidders flocking or phoning in to Geneva's luxury sales.
Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.
The world's largest auction houses will host "blockbuster" sales of contemporary art this week, as buyers' tastes shift away from pre-19th century "Old Masters", a fine art expert told CNBC.
The first of the big spring auctions began Tuesday night at Sotheby's, as bidders put money on their walls rather than in the shakier financial markets. The New York Times reports.
The FBI says the Upper East Side gallery figured in a gambling and money-laundering ring that stretched from Moscow to Los Angeles.
Cosmetics tycoon Leonard Lauder has promised New York's Metropolitan Museum of Art his long-sought collection of Picassos and other works.
A rare Chinese bowl bought at a tag sale for $3 has sold at a New York auction for more than $2.22 million.
Authorities allege pastor Kevin Sutherland had a lucrative business on the side: dealing in counterfeit art. The case is one of about half a dozen major art cases the Manhattan D.A.'s office has prosecuted since 2010.
A stencil by British artist Banksy is up for auction for an estimated $500,000. One problem: the neighborhood where Banksy sprayed the work wants its graffiti back.
The art market is to experience a "10- year boom" according to an expert, as investors from China and the Middle East drive demand towards unprecedented levels.
The world's richest people spend hundreds of millions of dollars in an art market that allows opaque transactions and has few outside monitors.
Taking in-flight shopping to a new level, select elite Virgin Atlantic passengers will be able to view and buy paintings by British Street artist Ben Eine in February from the comfort of their on-board seats.
When the public sits up and notices the art market, it is usually when an anonymous buyer pays a mind-boggling sum to acquire a prized painting.