The art world is back in business

Art galleries and auction houses are tentatively looking to reopen their doors as the pandemic starts to subside.

The first stirrings are afoot in the art world as galleries and auction houses tentatively look to reopen their doors as the pandemic subsides, says Melanie Gerlis in the Financial Times.

Gagosian, the world’s biggest commercial art gallery, will start the process with a show of German artist Georg Baselitz’s work in Hong Kong on 21 May. Sotheby’s chief executive, Charles Stewart, said the auction house’s staff in Europe and Asia would begin to return to work, noting also that it had made a total of $70m from holding 37 online sales since March. However, Perth-based WhiskyAuctioneer.com experienced the perils of doing so last month. Its online sale of 1,958 bottles of rare whisky had to be delayed due to a malicious cyberattack. The first phase of the auction, held earlier this year, had raised £3.2m.

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Chris Carter
Wealth Editor, MoneyWeek