Contemporary Art

A painting Jean-Michel Basquiat set the fifth highest ever auction price in New York last night when it was knocked down for $98m (£76m) at Sotheby’s.

Christie’s evening sale of Post-War and Contemporary Art in New York met with a robust response last night and was led by paintings by two of the biggest names in the market: Cy Twombly (1928-2011) and Francis Bacon (1909-92).

Offer Waterman’s ongoing exhibition of works by an artist who counts the Prince of Wales and Steven Spielberg among his collectors has experienced significant success during its first week.

Christie’s has dropped its London summer sales of post war and Contemporary art in favour of its two annual auction series in this category taking place in March and October.

The latest series of Impressionist & Modern and Contemporary art auctions in London showed a dramatic improvement on the equivalent sales last year and the overall premium-inclusive total represented a record in terms of sterling.

An upcoming exhibition at M&L Fine Art features the ceramics and sculpture of Lucio Fontana, the artist best remembered for his slash paintings.

The Affordable Art Fair (AAF) has launched an e-commerce site, the first dealer portal to be officially linked with a fair.

London’s Mayor Gallery has filed a complaint in New York state court claiming the Agnes Martin foundation acted wrongly when rejecting works submitted for authentication.

The flagship Modern and Contemporary art sales in New York in November are an important bellwether of the global art market. This year a total of $1.29bn (£1.03bn) changed hands, including the auctioneers’ premium. Here ATG picks 10 individual highlights from around the salerooms.

An auction record for British artist David Hockney was one of the highlights at a robust Contemporary art sale at Sotheby’s New York last night.