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In Canada, the government is being called upon to regulate auction house guarantees and require full disclosure from the houses about conflicts-of-interest, and bid shilling. Sotheby’s is first Canadian house to offer guaranteed prices. ‘It’s like cowboy country … something has to be done federally’ One of the most controversial hallmarks of the supercharged international … Read more
China’s art market overtook France’s for the first time last year, according to figures released by Art Price on Monday. According to Art Price’s 2007 data comprising sales of fine arts works – paintings, drawings and photographs – the global art market saw an overall rise for the seventh year running, with revenue up 43.8 … Read more
Works by Banksy will be the top lots as a U.K. regional auction house joins the rush to sell urban art. Among the works will be the early Banksy acrylic on canvas, “Portrait of an Artist,” that Dreweatts said had been bought by the seller for a few hundred pounds at the artist’s 1999 Bristol … Read more
AN “iconic” table rescued from a rubbish skip is expected to fetch more than £30,000 at auction. The late 19th century walnut table was thrown out in a house clearance six months ago but rescued by a family member who “took a shine to it”, fine art director Jeremy Lamond said. The true value of … Read more
Contemporary-art sales in London rose more than 50 percent to 245.7 million pounds ($487.2 million) in February from a year earlier, figures from auction houses show, a sign the market is weathering a worldwide economic slowdown. Sotheby’s, Christie’s International and Phillips de Pury & Co. said they sold 56.4 percent more contemporary art than… Read … Read more