The domestic and international art markets have seen considerable levels of activity. During one week in May, New York became a hotbed of art sales as Christie’s, Sotheby’s, and Phillips held their annual spring auctions, pulling in a combined $1.4 billion.
In other news, an eye-catching reveal of a previously unknown work by Caravaggio grabbed the headlines, art fairs and exhibitions kept up their relentless pace, and a number of interviews and articles featuring high-profile business people, including Bill Gates and Gary Cardone, revealed that art as an asset is occupying their attention.
The hack at Christie’s escalated with the hackers threatening to auction customer data, along with a continuing story around auction houses and the suspicion of Nazi art, shed a spotlight on independence and trust when it comes to choosing who to work with and help navigate the complexities of the art world.
