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09/30/2025
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09/25/2025
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04/04/2025
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Saudi Arabia announced a slew of new cultural funds and agreements worth more than 5 billion Saudi riyals (roughly $1.3 billion) at the first Cultural Investment Conference, including a partnership with Deutsche Bank and the immediate establishment of the Riyadh …
On October 1 and 2, Abu Dhabi will host the most expensive art exhibition Sotheby’s has ever staged in the Middle East. Collectively valued at around $150 million, it is also the first public fine art show the house has …
One year after Adrian Cheng resigned as CEO of his family’s Hong Kong property firm, New World Development Co., the mega-collector has announced his next venture: ALMAD Group. The details of the new business are predictably fuzzy. The announcement reads …
Thomas S. Kaplan, the billionaire investor who has amassed a particularly rich collection of Old Masters paintings, said he may soon fractionalize his art holdings, meaning that they could be offered as shares on a public stock exchange. Kaplan’s for …
In the latest sign of consolidation sweeping the art-tech sector, inventory management giant Artlogic and gallery software firm ArtCloud will merge in an attempt to reshape the digital infrastructure that underpins the global art market. The move combines Artlogic’s long-established …
Last week, crypto billionaire Justin Sun announced on X that he was purchasing $100 million worth of President Donald Trump‘s memecoin, $TRUMP, which will soon be tradeable on TRON, the blockchain Sun founded in 2017. “This move highlights our belief …
In a city known for artists repurposing disused spaces into studios, those wishing to glimpse Lorna Simpson‘s former Brooklyn–based home studio now have the chance to see it. The four-story, 22-foot-wide building located at 208 Vanderbilt Avenue in Brooklyn’s Fort …
Tate‘s chair of trustees is reportedly open to relinquishing naming rights to the Turbine Hall for a minimum of £50 million (roughly $68 million) to fund the London institution’s new endowment fund. In an interview with the Telegraph, Roland Rudd, …
Art World Rainmakers Team Up to Form New Consultancy Five artmarketveterans have allied to form the white-glove consulting firmNew Perspectives Art Partners(NPAP). The founders include onetime Christie’s and Phillips CEO Ed Dolman, who formerly led the Qatar Museums Authority, and …
A high-profile Hong Kong real estate family is learning that a hot corner of finance—art-backed lending—has its limits. According to Bloomberg, the Parkview family’s property empire in Hong Kong—already strained by a near-default in March—explored an art-backed loan earlier this …
To celebrate its 200th anniversary, London’s National Gallery has recently revamped its Sainsbury Wing, a transformation that has taken three years and $113 million. It was an arduous process, and one that has not always received positive attention. But when …
Citadel CEO and ARTnews Top 200 Collector Ken Griffin said the US is “eroding” its brand right now due to many of the economic policy changes being made during President Donald Trump’s first 100 days in office. “America rose beyond …
Ari Emanuel, Hollywood super agent and CEO of Endeavor Group Holdings, is edging closer to a major acquisition that could expand his influence from sports and entertainment into the art world. A consortium he leads, partnered with New York private …
Hong Kong‘s international airport will have an art storage facility that will open later this year or early next year, reports the South China Morning Post. The temperature-controlled facility will be part of a “comprehensive system for family offices” in …