It is the first piece of physical art sold by a major auction house paid for using cryptoBitcoin and Ether were the chosen cryptocurrencies for payment on a physical work of art at the auction house. Sotheby’s, thanks to an agreement with Coinbase, one of the largest cryptocurrency exchange platforms in the world, announces the new cryptocurrency payment option for …

2018 was a bumper year for the contemporary art market, showing significant growth quarter on quarter from May 2017. Most significantly, it marked the first fiscal year in which the market’s main indicators were all positive: the global auction turnover grew by around 20%, the rate of unsold art remained steady at 39%, the volume of total transactions grew by …

The auction world’s exclusive eight-figure club has a new member. On Monday night at Sotheby’s in Hong Kong, a painting by the artist KAWS (aka Brian Donnelly) sold for a whopping $14.7 million in U.S. dollars, a new auction record for the artist. The result came at Sotheby’s “NIGOLDENEYE® Vol. 1” sale, with The Kaws Album (2005) soaring past its estimate of $760,000–$1 …

In the summer of 1982 the artist Keith Haring and his companion, Juan Dubose, painted a mural of Haring’s now signature figures, flanked by atoms and three-eyed smiling faces, on the remains of a handball court near Houston Street and the Bowery on the Lower East Side. Rendered in Day-Glo orange, neon green, yellow and hot pink, the work took …