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At Art Basel, Sales Roll In and Art World Breathes A Sigh of Relief

On Tuesday, the first preview day for Art Basel, galleries reported numerous sales for major works, including a $20 million Joan Mitchell diptych.

Is the Party Over? What Nicolas Party's Recent Auction Flops Mean for His Market

The Swiss artist's prices soared in recent years, but now an art-market correction has arrived. How will he fair?

Christie's Email Confirms Data Breach, Says No Financial Data Stolen

Phillips Modern and Contemporary Art Evening Manages $86.3 Million, Led by 3 Basquiats

A Picasso portrait that was estimated to sell for between $12 million to $18 million was pulled from the auction just ahead of the sale.

Private Foundations Made Artists and Dealers Rich. What If Many Are Just 'Tools for Flippers'?

Private art foundations have been powerful market players. Now some are choosing to sell their holdings. What comes next?