BP’s Tate sponsorship much smaller than expected
The Tate gallery in London has published figures revealing they received ¬£4m in funding from BP between 1990 and 2006. They were forced to reveal the figures after pressure from campaigners against BP. The amount was much smaller than expected. To read the full story click
Pompeii to stage exhibition of stolen artifacts
The superintendent of Pompeii, Massimo Osanna, is organising an exhibition of objects which tourists have stolen but later returned. Hundreds of objects have been returned over the years. To read the full story click here.
Artists fight for their right to fair pay
A debate is growing in both the US and the UK over how artists are compensated for exhibiting their works in public institutions. A recent interview in the Guardian suggested most artists were on low income and the Arts Council England wants this to change. To read […]
Sotheby’s wins court case involving the sale of ¬†a questionable Caravaggio
Sotheby’s has won a court case which involved a Caravaggio painting they had attributed as being the work of one of his followers. The painting sold for ¬£42,000 in 2006 but later sold for ¬£10m when the painting was properly appraised as one of […]
US artists that use drones told they could soon be breaking the law
US artists may have less than a year to freely use drones in their work. The Federal Aviation Administration is working on new regulations which will restrict the use of drones. Many artists use drones to get spectacular aerial shots. To read […]
Sleeper Constable sketch which sold for ¬£3,500 back on the market with $2m – $3m estimate
A sketch which recently sold for ¬£3,500 was later confirmed as one of John Constables works. It will be auctioned at Sotheby’s for an estimated $2-$3m. To read the full story click ¬†here.
French government reduces VAT rate on art by 4.5%
France’s Senate have passed a bill to reduce the VAT rate on direct sales by French based artists from 10% to 5.5%. The new rate of VAT is effective from 1st January 2015. To read the full story click here.
Predictions for the Art Market 2015
2014 was a roaring success for the art trade. To read the predictions for 2015 click here.
Is Tracy Emin’s ¬£2.5million bed built on lies
A leading expert has cast doubt as to whether Tracy Emin ever slept in the chaotic bed […]
Private bank opens new museum in Shanghai
Privately owned Minsheng Banking Corporation have opened their second contemporary art museum in Shanghai. The museum was designed by Jacques Ferrier. To read the full story click here.
C√©zanne painting sells for $100 million
A Paul¬†C√©zanne oil painting has sold […]
Police killings spark a resurgence in political art
The recent deaths of the ¬†two unarmed black men Michael Brown and Eric Garner, has prompted a response from a number of ¬†artists across America. Some of the works created in the aftermath of the mens death are already beings exhibited in prestigious galleries across the country. […]