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    TEFAF New York Keeps Its Focus on the Classics In a Turbulent Time

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    With the art market outlook uncertain, the New York fair aims to keep collectors coming, with a wide array of art and (relatively) less expensive prices.When the European Fine Art Foundation (TEFAF) held its very first New York fair at the historic Park Avenue Armory in 2016, the global art market was in robust health: Art sales had marked a near-record of $64 billion worldwide in the preceding year, and were at a peak in the United States, according to an art market report by the cultural economist Clare McAndrew.As TEFAF New York prepares to welcome visitors again — running from May 9 through 13, and coinciding with the closely watched May auctions — the outlook is downright cloudy. Global art sales tumbled for the second year in a row in 2024, totaling an estimated $57.5 billion, and the U.S. market was down 9 percent from the previous year, according to the recent Art Basel and UBS Global Art Market Report. More recently, stock markets have been jittery since President Trump announced sweeping tariffs on countries around the world on April 2, then said he would back down on tariffs on goods from most countries, except China, for 90 days. Economic turbulence has an immediate impact on the net worth — and the collecting appetite — of those who buy art.“The volatility that you see in the markets writ large is reflected in the art market,” said Alex Logsdail, chief executive of the Lisson Gallery, an international art dealership. He said business had “slowed significantly,” though it was “still happening” and “has not fallen off a cliff” as it did at the time of the 2008 global financial crisis.“This is a funny thing for me to say out loud, but it’s true: Nobody needs any of the things we are selling,” he said. Collecting art is “a question of want and desire and passion and confidence. It is up to us to create those conditions,” regardless of the economic context, he added.Lisson has exhibited at TEFAF New York’s spring fair from its first iteration in 2017, and Logsdail served for a time on its selection committee (which decides which galleries will get booths). He said TEFAF New York was well positioned for the current circumstances, because in unstable economic conditions, the focus turns to quality and value, and to “well-tested” and affordably priced objects. And right now, he said, “people are taking a very active interest in artists whose prices are quite low.”Among the works showing at Lisson’s TEFAF booth this spring are works by Sean Scully, including “Wall Tappan Deep Red” (2025).Sean Scully / Courtesy Lisson GalleryWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Lego Black Market Fetches Big Prices for Little Plastic Bricks

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      Some Lego sets have skyrocketed in value but behind the eye-popping price tags is a dark side: an underground market that fuels brazen thefts.It’s one Lego kit, a collection of small plastic bricks and related accessories. What could it cost? The answer, it turns out, could be thousands of dollars.Lego kits and minifigures, figurines that are a little over 1.5 inches tall, are commanding high prices on the secondary market, with some, like the LEGO San Diego Comic-Con 2013 Spider-Man, valued as high as $16,846.The children’s toys have even become something of an investing opportunity for those savvy enough to know what to look for.But with the eye-popping price tags comes a dark side: Lego kits have become a hot commodity on the black market and the target of brazen thieves.Last year, burglars hit Bricks & Minifigs outlets in California. Thieves made off with at least $100,000 worth of Lego kits and accessories.Last month, the Alameda County Sheriff’s Office in California recovered nearly 200 Lego sets after arresting a person in connection with a burglary at Crush Comics, a comic book store in Castro Valley, Calif.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Rare Beatles Audition Tape Surfaces in a Vancouver Record Shop

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      The recording appears to be from the band’s 1962 audition for Decca Records, which notably rejected the group.The tape sat unremarkably on a shelf behind the counter, collecting dust for five, maybe 10 years — so much time that Rob Frith says he lost track.Frith, 69, could not seem to recall how it had found its way to Neptoon Records, his store in Vancouver, British Columbia, which in its 44 years has become a repository for tens of thousands of vinyl records and other musical relics.The label on the cardboard box said it was a Beatles demo tape, but, having heard enough bootleg recordings over the decades, Frith was skeptical until he enlisted a disc jockey friend, Larry Hennessey, to load it onto his vintage tape player a few weeks ago.It was just before midnight on March 11 when they pushed play on the mystery tape. From the opening guitar riff and the intonation of a 21-year-old John Lennon, Frith said he could not believe his ears as he listened to the Beatles performing a cover of the Motown hit “Money (That’s What I Want).”“Right away, we’re all kind of looking at each other,” Frith said. “It seems like the Beatles are in the room. That’s how clear it is.”Frith said the tape appeared to be a professionally edited recording of the Beatles’ New Year’s Day 1962 audition for Decca Records in London, a session that notably ended with the band’s rejection.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Frick Collection is Reopening. Here’s a Sneak Peek.

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      Holland Cotter is the co-chief art critic and a senior writer for the Culture section of The Times, where he has been on staff since 1998.Produced by Maridelis Morales Rosado and Josephine Sedgwick. Design and development by Leo Dominguez and Gabriel Gianordoli. Images: The Frick Collection (All Artworks); The Frick Collection/Frick Art Research Library Archives (Adelaide H. C. Frick); The Frick Collection Archives (Helen Clay Frick) More

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      Inside the Former ‘Underworld’ Where Ai Weiwei Makes Art

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      Ahead of his largest-ever exhibition in the U.S., the dissident artist reflects on collecting jade and living below ground.For part of the year, the artist and activist Ai Weiwei works in a cavernous 30,000-square-foot studio on the underground levels of a former 19th-century brewery in Berlin. Its triple-height vaulted cellars, which Ai, a self-taught architect, renovated himself after leaving his native China in 2015, are now pristine and well-lit, but when he first visited the long-abandoned subterranean space, it was “completely dark,” he says, “like an underworld.” In that way, it recalls the underground home where the artist lived for five years as a child, a place he calls “the black hole”: a bare shelter on the edge of the Gurbantünggüt Desert in the remote Xinjiang region, one of the sites where Ai’s father, the renowned poet Ai Qing, was exiled following China’s Anti-Rightist Campaign in the late 1950s. In that half-buried home, Ai first encountered the authoritarianism and censorship that he has now spent four decades resisting, ridiculing and at times enduring again, as a defender of human rights and self-proclaimed political “troublemaker.” Today, he travels frequently, stopping in Berlin; Cambridge, England, where his sixteen-year-old son, Lao, his only child, attends school; and Montemor-o-Novo, a town in the countryside of southern Portugal whose sunny climate reminds him of his childhood in the desert. That approximately 20-acre property hosts a few assistants, as well as many cats, dogs, birds and fish and a reconstruction of his wooden Shanghai studio that was demolished by local authorities in 2011. Ai is used to constant movement, and to the possibility of displacement. “The concept of a home has never been truly established for me,” he says.Ai was first drawn to this once-derelict space as a creative challenge. “I’m more interested in problem-solving than in getting a beautiful studio,” he says.Kathrin TschirnerA detail of a work for an upcoming public installation in New York.Kathrin TschirnerOn a recent visit to his Berlin studio, I followed Ai, 67, down a narrow staircase into an austere, windowless alcove. Its concrete floor was scattered with twisted steel rods from the installation work “Rebar,” which Ai made in China between 2008 and 2012, sourcing the metal from school buildings flattened by the devastating Sichuan earthquake. “Rebar” and similar works made in response to the earthquake critique the government’s corrupt construction regulations and lack of transparency in the tragedy’s aftermath. This is one of the projects that, in addition to his prolific online writings, helped turn Ai into one of the most famous dissident artists of the past few decades. The resulting surveillance and a government-ordered detention eventually drove him to leave Beijing for Berlin, a city he says appealed to him for its mix of “ruin” and “new life.” In Ai’s archival room, a large world map that helped him plan his documentary on refugees, “Human Flow” (2017), leaned against a wall beside an overgrown fiddle-leaf fig tree. On display elsewhere were dozens of antique Qing dynasty wooden chairs, from the participatory project “Fairytale” (2007), for which Ai conveyed 1,001 volunteers from China to the Documenta art exhibition in Kassel, Germany.Life jackets left behind by refugees who arrived by boat in Lesbos, Greece, in 2016. Nearly a decade ago, Ai affixed thousands of the jackets to the facade of Berlin’s Konzerthaus as a humanitarian call to action.Kathrin TschirnerDetail of an in-progress installation.Kathrin TschirnerAccumulation — the head-spinning accrual of hundreds, thousands or millions of identical objects — is fundamental to Ai’s interventions, which often comment on both collective action and consumer culture. Sometimes he finds items that speak directly to a predetermined theme or event, as with his headline-making installation of discarded refugee life jackets affixed to the facade of Berlin’s Konzerthaus in 2016. But if he finds the right object, he may conceive of a whole project around it. Ai began collecting flea-market antiquities in the mid-1990s, when he lived in China, and now acquaintances and strangers alike frequently tip him off about underappreciated goods that are available in astronomical quantities. One such message is how he came into possession of 30 tons of clothing buttons from a defunct British factory. (“‘No’ is not in my vocabulary,” he says.) After years spent classifying the buttons into 9,000 different categories, his team has begun sewing them into new, textile-based works. Some of these are currently on display at Lisson Gallery in London, which had canceled his 2023 show after the artist’s public comments about the Israel-Hamas war. In this exhibit, Ai continues his defense of free speech, with button-adorned block letters spelling out profanity-laden catchphrases across World War II military stretchers and tents. Alongside these works are re-creations of pieces from the Western art historical canon made out of Legos, a material that’s become his trademark in recent years.Skateboards, produced in collaboration with the Brussels-based art and social impact company The Skateroom, bearing images from Ai’s “Study of Perspective” series (1995-2017), affixed to an antique Chinese wooden chair from the artist’s conceptual work “Fairytale” (2007).Kathrin TschirnerWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Torlonia Marbles Are Coming to Museums in Chicago, Texas and Montreal

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      For the first time, the ancient marbles are traveling out of Europe to the United States and Canada, for a prolonged stint.Stashed away in a cavernous Roman deposit, hidden from the world for the better part of the last century, the Torlonia Collection — the largest collection of classical sculpture still in private hands — now appears to be continuing its jet-set itinerary that started in 2020.After a glittering debut in Rome, and star turns in Milan and the Louvre Museum in Paris, 58 of the sculptures belonging to the Torlonia family, based in Rome, will be showcased at the Art Institute of Chicago in March, and will then travel to the Kimbell Art Museum in Fort Worth and the Montreal Museum of Fine Arts.Dating from approximately the fifth century B.C. to the early fourth century, the works on view will include highlights of the Torlonia Collection, but also 24 sculptures that were specifically selected for the North American run by the co-curators Lisa Ayla Cakmak and Katharine A. Raff of the Art Institute of Chicago, after “multiple trips” to the Torlonia laboratory in Rome where the collection is being restored. (“A magical, once in a lifetime experience,” Cakmak said during a video interview.)Titled “Myth and Marble: Ancient Roman Sculpture From the Torlonia Collection,” the exhibition will “feel very different from the European presentations,” Cakmak said. For the curators, it has been important to make it clear “that this is a completely new project,” not just in how it “was presented in our interpretation and storytelling but also the checklist” of works, she added.The Torlonia Nile, formerly Barberini-Albani. Sculptures from the collection had been visible, off and on, until World War II. Then they fell out of sight.Lorenzo De Masi; via Torlonia FoundationIt is “intended to be for non-specialists,” people who “might not know much about the ancient world,” but would be interested in seeing what Marcus Aurelius, known to modern audiences through the first “Gladiator” film, actually looked like, said Cakmak. She added that a scholars day limited to experts was “in the planning stages.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Ruby Slippers From ‘Wizard of Oz’ Sell for $28 Million at Auction

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      The slippers, worn by Judy Garland in “The Wizard of Oz,” were stolen from the museum that bears her name in 2005 before investigators recovered them in 2018.The ruby slippers that Judy Garland wore as Dorothy in the 1939 production of “The Wizard of Oz” were sold for a record-breaking $28 million on Saturday during a live auction in Dallas in the latest turn for one of the most recognizable and storied artifacts in film history.Heritage Auctions sold the slippers on behalf of a collector, Michael Shaw, who owned them. The slippers — which sold for vastly more than the $10 million that the auction house’s executive vice president, Joe Maddalena, believed they would — are one of only four known surviving pairs worn by Ms. Garland in the movie.The auction house did not immediately disclose the identity of the buyer.“There is simply no comparison between Judy Garland’s ruby slippers and any other piece of Hollywood memorabilia,” Mr. Maddalena said.The final bid of $28 million was the largest sum spent at an auction for a piece of entertainment memorabilia, the auction house said. It exceeded the previous record-holder, Marilyn Monroe’s subway dress from the 1955 film “The Seven Year Itch,” which sold in 2011 for $5.52 million with fees, the auction house said. Including taxes and fees, the slippers sold for $32.5 million.During the auction, which was peppered with “Wicked” and “Wizard of Oz” references and puns, the auctioneer excitedly held a crouching position — like the Wicked Witch of the West in the story — as he pointed to people around the room, who called out bids in $100,000 increments. At times, a bidder, often on the phone with a client, would elevate the top bid by $800,000 or more, which garnered some stifled “ooohs” and “ahhhs” from attendees.The auction included other pieces of “Wizard of Oz” memorabilia. A Wicked Witch of the West hat worn by the actress Margaret Hamilton sold for nearly $3 million, the auction house said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Who’s Laughing Now? Banana-as-Art Sells for $6.2 Million at Sotheby’s

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      A conceptual artwork by Maurizio Cattelan, “Comedian,” is just a fruit-stand banana taped on the wall. But 7 bidders were biting. It went to a crypto entrepreneur. A banana that for years has stirred controversy in the art world sold for $6.2 million with fees at Sotheby’s contemporary art auction on Wednesday night. It became what is arguably the most expensive fruit in the world — though it will likely be tossed in a couple days.The banana is the star of a 2019 conceptual artwork, “Comedian,” by the noted prankster Maurizio Cattelan, which is intended to be duct-taped onto the wall. It comes with a certificate of authenticity and installation instructions for owners to replace the banana — if they wish — whenever it rots. Five minutes of rapid bidding ended when the Chinese-born crypto entrepreneur Justin Sun placed the winning bid, besting six other rivals, which experts said was a sign that even a struggling market would spend big on spectacle.Justin Sun, a crypto entrepreneur and art collector, shown in New York City in 2019. He is now the owner of a $6.2 million banana.Steven Ferdman/Getty Images “Returns in the market have been flat or decreasing over the last decade,” said Michael Moses, who tracks the investment potential of artworks for clients. “It’s a fascinating asset because you can get so much joy from it that people are willing to accept lower returns. Joy is not something to be messed with.”Indeed, Sun said in a statement that the Cattelan work “represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.” Sun, who watched the auction from Hong Kong, added that “in the coming days, I will personally eat the banana as part of this unique artistic experience, honoring its place in both art history and popular culture.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Magritte, Master of Surrealism, Joins the $100 Million Dollar Club

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      Move over, Picasso, Van Gogh and Warhol. With an inscrutable painting, the Belgian painter breaks the nine-figure threshold at the fall auctions.The Belgian Surrealist painter René Magritte has become the latest member of that exclusive club of artists whose work has sold for more than $100 million at auction.On Tuesday night at Christie’s in Manhattan, a version of Magritte’s famously enigmatic subject, “The Empire of Light,” depicting a deserted nocturnal street below a bright daytime sky, sold for $121.2 million with fees, a record for the artist, in a packed, dark gray-painted salesroom, moodily lit in a suitably Surrealist style.Certain to sell for at least $95 million, courtesy of a guaranteed bid, the painting inspired a 10-minute duel between two telephone bidders. The price was the highest yet paid for a Surrealist work of art at auction, and made Magritte the 16th artist to break the $100 million threshold, according to data compiled by the French market analyst company Artprice.Fellow nine-figure heavyweights include Leonardo da Vinci, Gustav Klimt, Amedeo Modigliani, Andy Warhol, Jean-Michel Basquiat, Francis Bacon and Pablo Picasso (whose paintings have sold for more than $100 million at no fewer than six auctions). To date, no living artist has achieved this price level at auction.Painted in 1954 and measuring almost five-feet-high, “The Empire of Light” was the last of 19 works that Christie’s offered from the collection of the socialite, designer and philanthropist Mica Ertegun. It was one of the largest of the 17 versions of this subject that Magritte painted in oil. The best-known is probably the monumental “L’empire des lumières” in the Guggenheim Museum in Venice. Ertegun’s slightly smaller canvas, which she acquired privately in 1968, is the first in the series to include water in the foreground.“It’s maybe the best,” said Paolo Vedovi, the director of a gallery in Brussels specializing in works by Magritte and other 20th-century artists. “It seems that every big collector now wants a Magritte.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More