How Auctions Identify the Next Big Artists and Trends

Auctions prophesize the rise of art stars and identify trends in the contemporary scene through financial returns. While many spectators cast their attention toward biennials as harbingers of what is to come in the art world, auctions reflect these changes more quickly and concretely than the usual institutional measures that […]

Speculators Win Big With Bets on Young Artists

LONDON — Three years ago, her large paintings were selling at a little-known gallery for about $40,000 each. In 2021, one of them was resold at a Sotheby’s auction for a record $3.1 million. Another hangs in the Downing Street home of Britain’s finance minister, Rishi Sunak. Flora Yukhnovich, 31, […]