Artnet: "For the first time, TEFAF will allow digital vetting of artworks as it plans for an online edition to replace its fall New York fair" - Sep 21, 2020
The organizers of the fall New York edition of the European Fine Art Fair (TEFAF), which takes place annually at the Park Avenue Armory, announced today that the event, scheduled for November, will go online only.
Art Newspaper: "Online market place for art continues to grow as new digital fair announced during Frieze week" - Sep 21, 2020
The abbreviation “OVR”, shorthand for “Online Viewing Rooms”, was barely used in art market circles before the Covid-19 pandemic. It is now almost inescapable.
Art Newspaper: "UK High Court ruling could be 'welcome news' for arts organisations denied Covid-19 insurance payout" - Sep 17, 2020
Museums, galleries and other art organisations in the UK may be in line for a payout after a court ruling brought some much needed clarity into the liability of insurance companies for Covid-19-related revenue losses.
Art News: "Ailing museums receive $24 million in emergency grants from Mellon Foundation" - Sep 17, 2020
In July, the American Alliance of Museums released the findings of a survey that predicted the closure of 12,000 U.S. museums as a result of the coronavirus—a blow that the AAMD said “will be devastating for communities, economies, education systems, and our cultural history.” Now, in an attempt to mitigate the damage, the Andrew W. Mellon Foundation in New York has released nearly $24 million in grants to ailing museums.
New York Times: "Brooklyn Museum to sell 12 works as pandemic changes the rules" - Sep 16, 2020
The museum is taking advantage of new emergency regulations from the Association of Museum Directors. Twelve works from the collection of the Brooklyn Museum, including examples by the Renaissance Master Lucas Cranach the Elder and the Realist pioneer Gustav Courbet, are hitting the auction block at Christie’s next month.
Artnet News: "The King of the New York Auctions This Fall Isn’t Picasso or Pollock. It’s a T. Rex Named Stan—and His $8 Million Skeleton" - Sep 16, 2020
As part of its new mashup “20th/21st Century” week, Christie's will sell an eight-figure Picasso, an eight-figure Jackson Pollock—and one of the largest and most complete Tyrannosaurus rex skeletons ever discovered.
Barron's: "Online-Only Auction Sales Rise 255% in 2020" - Sep 14, 2020
Christie’s, Phillips, and Sotheby’s—the three top houses—quickly pivoted online, with impressive results. In the first eight months of the year, the top houses sold US$596.7 million.
Associated Press: "Western art collected by T. Boone Pickens offered at auction" - Sep 10, 2020
Works of art depicting the American West and other pieces collected by the late Texas oil tycoon T. Boone Pickens are expected to sell at auction for more than $15 million.
Artnet News: "Millennials Are More Interested in Buying Art Than Ever—and 5 Other Takeaways From a New Art Basel Report on the State of the Market" - Sep 9, 2020
Art gallery sales fell by an average 36 per cent in the first half of this year, finds the first comprehensive analysis of the impact of Covid-19 on this sector, published by Art Basel and UBS.
Antiques Trade Gazette: "US tariffs on Chinese art take effect as New York auction series begins" - Sep 7, 2020
As part of an ongoing trade war with China, certain Chinese goods, including works of art, are now taxed on entry to the US, regardless of the port of origin. The grace period ended on September 1, meaning future consignments will now be subject to a 7.5% tariff.