Up to €60bn are spent each year on works of art worldwide. Theft and forgery are enduring problems in this high-stakes bazaar. Some claim a third of all works for sale are not by the artists on the label.
As COVID-19 hits the Hong Kong art market, its repercussions will be felt around the world and not just in Asia. The crisis may upend old business models and jolt the art market further into the virtual realm.
Elusive UK artist Banksy's new mural highlighting homelessness in the British city of Birmingham is now under 24/7 security monitoring after someone added red noses to the reindeer featured in the work.
An anonymous seller is offering a bundle of alleged early drawings by Gerhard Richter for millions of euros. The star painter is angered and has finally spoken out, saying half the booty should be burned.
A painting by British street artist Banksy depicting the UK Parliament populated by chimpanzees went on show Saturday before being auctioned. It's expected to fetch up to $2.5 million (€2.28 million).
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