Going, going, gone: how Sotheby’s and Christie’s still lose out on big sales
Despite increasing prices of art, big profits do not always trickle down to auction houses – thanks to generous guarantees to ultra-rich sellers
Despite increasing prices of art, big profits do not always trickle down to auction houses – thanks to generous guarantees to ultra-rich sellers
As Frieze art fair opens in New York, our power primer traces the artists and dealers, celebrity collectors and oligarchs who make the art world go round