Is regulation a wonder drug for curing the art market of its chronic fraud problem? Our columnist explains why that thinking is a myth

Despite a slew of records set for Western art in Asia, including new highest prices for Modigliani and Mark Bradford, the Hong Kong sale made below its low estimate

The work by the Ethiopian-American artist was sold by Sotheby's Hong Kong for $9.32m with fees

"La Patience" (1948), which was one of two Balthus paintings in the museum’s collection, will go up for auction at Sotheby’s New York in November

The debate over Europe’s art capital intensifies as post-Brexit red tape complicates business for UK art sellers and more major galleries set up shop in the French capital

Christie’s will offer six of the seven pieces by Schiele that were restituted to heirs of Fritz Grünbaum last month during its November sales in New York

Organisers expect more than 50 galleries to take part in the fair's inaugural edition next year

The Biblical scene was recently offered at auction for just €10,000

The probe concerns a convoluted financial transaction around properties in the French luxury ski resort Courchevel

A double-sided Fernand Léger estimated between $15m to $20m leads the offering, amassed by a Dutch shipping and oil magnate and his wife

The collection is led by Pablo Picasso’s Femme endormie (1934) which the auction house estimates will sell for between $25m and $35m

More than 85 galleries will show at this year's edition, which takes place at the historic Monnaie de Paris for the second-year running

The event, one of the most remote art festivals in the world, features more than 280 artists

Establishing ownership and value of works can be a complicated business, as recent legal cases have shown

From the devastation of the Cultural Revolution to the transformation of the contemporary art scene

Plus, a first-century Roman cameo and a gilt bronze statue from Tibet

In sales spanning this year and next, hundreds of works that once belonged to the SFMoMA trustee will be offered, including a box in a suitcase by Duchamp

Only one of over 75 participating galleries this year is from abroad—but Russian dealers remain determined to continue business

Rediscovered work is a preparatory study for the Battle of the Milvian Bridge fresco displayed in the Vatican’s papal apartments

Galleries from more than 20 countries are taking part in the fair's 18th edition

The privately-owned Mougins Museum of Classical Art closed in August for a revamp to rebrand as what has been described as Europe’s "first major museum dedicated to work by women artists"

Mondrian, Magritte and Freud are among the masterpieces acquired by the sanctioned Russian billionaire, according to a report by The Guardian

Hayley Romer and Craig Hepburn will work to bolster the brand's year-round presence and "engage ever broader cultural audiences"

The mega-gallery will also welcome Knoell's founder as a senior director, in a move that will "extend its commitment in Basel"

"He did his job, but his job turned out to be assisting a criminal fraud," a New York district court judge said

The dealer remains “cautiously optimistic” about the trade’s prospects this autumn

While university arts departments are being dismantled, dealers and auction houses provide learning programmes

The fair’s 80 exhibitors include a small but significant coterie of dealers from abroad while Brazilian collectors are out in force

Minneapolis gallery Modern Artifact called the price a “not-for-sale number”, adding that they intend to take the 1983 painting on tour

Brexit has not influenced the decision to launch the outpost, says the gallery's founder