The future of an important L.A. art colony and the controversial biennial in the (Saudi) desert.
is “the beginning of the end for a once-promising art event.” The show, he notes, serves to puff up an absolute monarchy that is responsible for the gruesome death of journalist.
“Saudi Arabia is an absolute monarchy built on theocratic law,” writes Knight. “Free expression is forbidden. Illegal. A criminal act. The modern idea of art is exactly opposite.”Speaking of international controversies: the
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How Christie's and Sotheby's dominate the $67 billion art worldThe global art market was valued at $67.4 billion in 2018, the second highest year ever. The United States, United Kingdom and China are the three largest art markets. Their sales combined make up 84% of the global art market. The auction house is one of the biggest drivers of the art market. Sales at public auctions exceeded $29 billion last year. Two auction houses — Christie's and Sotheby's — compete head to head each year, capturing more than 40% of global auction sales.
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