Magazine

Gerhard Richter Art Guide: Complete History, Works & Market Value (2025)

Explore Gerhard Richter's complete artistic journey, from his groundbreaking photo-paintings to record-breaking abstracts. Learn about his techniques, famous works, and market impact in this compre...

A Look at Vasudeo S. Gaitonde's Burgeoning Art Market

Indian artist Vasudeo Santu Gaitonde has appeared in the art media repeatedly over the past decade, always in the context of auction records. Paintings by Gaitonde routinely sell for millions of d...

A Kandinsky Masterpiece To Be Sold at Sotheby's After Half a Century

In 1964, Sotheby’s made news by auctioning 50 Wassily Kandinsky paintings from the collection of Solomon R. Guggenheim. The American businessman and founder of both the Solomon R. Guggenheim Found...

How Two Chinese Abstract Masters Dominated Sotheby's Hong Kong Auctions 2021

The 2021 Sotheby’s Hong Kong auctions are in full swing even as most of the world is still reeling from new lockdowns caused by the latest surge in COVID-19 infections. The pandemic has revealed a...

World's Largest Painting is Now Worth $62 Million!

Sacha Jafri made headlines this month when his painting “The Journey of Humanity” became the fourth most expensive artwork (and the most expensive abstract artwork) ever sold by a living artist. M...

Can NFTs Benefit Digital Abstract Artists?

Non-Fungible Tokens (NFTs) may be just another artistic medium, but as intangible instruments of questionable cultural and economic value, their embrace by mainstream culture could transform the w...

6 Most Expensive Abstract Artworks of 2020

Works by Mark Rothko, Cy Twombly, Clyfford Still, Barnett Newman, Gerhard Richter and Brice Marden were among the most expensive abstract artworks to sell at auction in 2020. But before we get to ...

Why this Mark Rothko Painting is Now Worth $50 Million

Last week, the San Francisco Museum of Modern Art decommissioned “Untitled, 1960,” a prized painting by Mark Rothko, selling it for just over $50 million (50,095,250 USD to be precise) at Sotheby’...

What Kind of Art Does Frank Stella – Own?

Frank Stella is amongst the most famous abstract artists alive today. His fame is mostly based on his mid-20th Century minimal masterpieces, and his thoughtful pronouncements on the substance ...

Who are the Top Selling Women Artists of the 2018 Auctions?

The French online art database Artprice.com recently released its run down of the top women artists of 2018, ranked by auction turnover. This is, of course, only one way to rank the success of an ...

Who is Zao Wou-Ki, China's Auction Record-Breaker?

The stunt Banksy pulled at the 5 October Contemporary Art Auction at Sotheby’s London, with his self-shredding “Girl with Red Balloon” painting, was truly newsworthy, but it also took attention aw...

How Much Do You Know About Frank Sinatra’s... Paintings?

This December, a selection of Frank Sinatra paintings will be offered at Sotheby’s New York, in the Lady Blue Eyes: Property of Barbara and Frank Sinatra sale. Not only will the sale include paint...

Can Robert Motherwell’s “At Five in the Afternoon” Break New Sales Records?

Robert Motherwell’s At Five in the Afternoon may be the most meaningful painting the artist made. In fact, an argument could be made that the painting is the most important Abstract Expressionist ...

Artist Andy Bauch Hid $10,000 Worth of Cryptocurrencies in his Abstract Lego Artworks

Based on the number of articles generated per exhibition hour, New Money, an exhibition of 14 new works by Andy Bauch, easily became the most written about show of the year during its three day ru...

Willem de Kooning's 1975 "Untitled XII" - Sold at Art Basel Hong Kong for $35 Million!

Last week, at Art Basel Hong Kong 2018, the team at Lévy Gorvy gave the art world a lesson on how to sell a modern masterpiece. The dealer sold “Untitled XII” (1975) by Willem de Kooning for $35 m...

Why Es Devlin Was the Star of the 2017 Art Basel Miami

I confess: I recoil when people in the entertainment industry call themselves artists. I think entertainment and art are fundamentally different—though I admit I cannot say exactly how. That is wh...

The Best Art of 2017 by The New York Times - How Much of it was Abstract?

Each year, the New York Times art critical team takes on the Herculean task of assembling an end-of-year round up of the most noteworthy aesthetic experiences of the year. Their Best Art 2017 repo...

At Auction, A Sculpture to Mark Andy Warhol’s Relationship with the Abstract

An abstract Andy Warhol sculpture estimated to be worth as much as a million dollars was brought up for auction earlier this month, but not by any of the big auction houses. It was offered by John...

A €50 million Fake - The Story of Kasimir Malevich’s “Black Square, Red Square”

The recent story of an alleged Kasimir Malevich painting, Black Square, Red Square, has shone a potentially embarrassing light on two major cultural institutions in Germany: the Kunstsammlung Nord...

How the Works of Pat Steir Rose to the Top of the Art Market

Gallery representation is key for any artist intent on having a presence in the art market. But what exactly does a gallery do for an artist? And how do artists ensure they join the gallery that w...

What is the Most Expensive Painting of Abstract Art Ever Sold?

While we love exploring the less tangible qualities of abstract art, we are also keenly aware that it can be a wonderful financial investment. To date, the most expensive painting ever sold is an ...

Art: Should you Buy for Investment or Pleasure?

It’s a debate that seems to come back around time and again, and is particularly pertinent for those new to the art scene or those considering purchasing their first piece of art. Should one buy a...

Art Packaging

In an ever-increasing cosmopolitan and international art world, in which online platforms like IdeelArt are facilitating sales to and from all corners of the globe, artwork can travel thousands o...

What is a Blue Chip Artist?

The term “Blue Chip” comes to the art world from the stock market. In 1900, after arriving in New York from England, a young man named Oliver Gingold was offered an entry-level position at the pub...

Abstract Art Top Sales Results, Fourth Quarter 2015 - By IdeelArt

Overall, 2015 was a great year for public art sales. Most of the records that fell did so in the first half of the year. But there were plenty of impressive performances in the fourth quarter of t...

Abstract Art Top Sales Results, Second Quarter 2015

A quarterly snapshot of the top abstract art auctions results: The second quarter of 2015 saw impressive results for abstract art at auction, with auction giants Christie’s and Sotheby’s leading...

Auction House Announces Rothko Sales - by IdeelArt

Sotheby's has announced it is to auction a Mark Rothko masterpiece - only a day before a second work is being sold by Christie's. Naturally, Rothko works don't come to auction very often and the i...

Abstract Art Top Sales Results, First Quarter 2015

A quarterly snapshot of the top abstract art auctions results: Joan Miró and Gerhard Richter’s works enjoyed outstanding results for the first quarter of 2015 as did the abstract art market in ...

Rothko Expected to Reach $50m at Auction

Auction house Christie's has announced it is to sell an extremely sought-after Mark Rothko painting in May, with initial estimates putting the price somewhere between $30 million and $50 million....