Gustav Klimt’s Portrait of Elisabeth Lederer made headlines when it was sold last month, but behind the dizzying price and the magnificent artwork hides the story of an ingenious ruse to escape Nazi persecution

News from the world of investments and auctions

Ushering in the New Year are the Decorative Fair, brimming with good-quality antiques, and the London Art Fair, with its tradition of tipping artists in the early stages of their career

The National Gallery’s announcement of a new wing and more modern art–enabled by an unprecedented £375 million fund–promises to reignite a historic rivalry with Tate. Will Hosie investigates

‘We are seeing a shift back towards the known, the familiar and, ultimately, the comforting’

WILL BRUTON ASKS: IS IT A ‘BUYERS’ MARKET’ RIGHT NOW?