The Wall Street Journal's recent profile of mega dealer Larry Gagosian instinctively evokes comparisons with other historically important dealers like Joseph Duveen and Leo Castelli. Each man pushed beyond the concept of the art dealer that prevailed during his time and took the profession...

The art and luxury goods worlds frequently find themselves meeting and mixing. Last Wednesday night was no exception as revelers attended a Gucci and Christie's private party hosted by Lydia Fenet, Dr. Lisa Airan, Blair Husain, Maggie Betts, Dayssi Olarte de Kanavos, and Sara Friedlander. Partygoers previewed select artworks from...

New contemporary art fairs are constantly being added to the international agenda in places ranging from the Middle East to Asia to South America, as the art world and number of collectors continues to expand in these regions.

The VIP Art Fair (Viewing In Private) opening later...

Two weeks after the major fall evening sales of Post-War and Contemporary art at Phillips, Sotheby's and Christie's in New York, the art world is still digesting the Carte Blanche Phillips sale that opened the fall auction season. The Carte Blanche auction was an unprecedented decision by Phillips to invite...

The art market experienced lower artwork volumes at auction and decreases in prices during the recession in 2009. During the first half of 2010 though, secondary-market indicators, such as total worldwide sales for artworks sold and record-breaking artwork prices at auction, have suggested that the art market has recovered ahead...

Image courtesy of Nicelle Beauchene Gallery.

"Penguin Paradox" (2010). Brock Enright. 13 color Silkscreen on 350 gsm Coventry Rag. 24 in x 18 in. Edition 75.

Acquiring limited edition artwork as a means of collecting works by more established artists at lower...

Today's cultural diplomacy efforts look dramatically different than they did twenty or thirty years ago. In the post-Cold War, Internet, Twitter and Facebook era, government-sponsored cultural initiatives focus on fostering the types of cross-cultural encounters that can ultimately engender mutual understanding, and less on disseminating specific political messages or supporting...

As long as a commercial market for art has existed, artists have worked in physical mediums that could be sold, transported, and owned. Artists of the Post-Minimalist, Conceptual, and Performance movements rejected this standard conception of art and sought to make art based on an idea whose expression did not...

While recently visiting friends in Tel Aviv, I attended a monthly discussion group run by one of my hosts that addresses global issues and trends. On the evening my friends invited me to join them, the topic for debate was "What is the role of diplomacy in the 21st century?"...

Somewhere between the best of 2009 lists and the predictions for 2010, I came across a Facebook post by the art critic Jerry Saltz that asked "Wouldn't it be great if we could have one year without any articles on oligarchs, auction prices, art fair business, the same 15 billionaires...

I was leaving Chelsea after a few gallery openings Thursday night when I passed not one, but three, 16-wheeler trucks each carrying a very large curved piece of steel on West 21st Street between 10th and 11th Avenues. I may have walked right by these industrial-looking sheets of metal...

About two weeks ago, I attended an artist-direct auction at the studio of the contemporary artist Ryan McGinness. The catalog specified that "the artist is the seller, and there is no auction house that will be taking a cut of the sale." Ms. Sara Friedlander, a specialist at Christie's, auctioned...

Prior to World War II, Paris and London were recognized as the centers of the global art market. However, New York's embrace of modern artists, such as Pollock and de Kooning, during the post-war era was the beginning of a shift in attention from the Paris art scene to the...

Price movements in the art market generally tend to lag behind those in the financial markets, in large part because the illiquidity of art and the lack of transparency in the market result in fewer opportunities for price adjustments. So when the Dow Jones closed above 10,000 points last week...