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Eleven auction records for artists — six by women — were smashed on Thursday night in two sales at Sotheby’s.

A much-referenced annual study found the market had recovered to prepandemic levels. Some industry observers question the methodology.

“L’empire des lumières” (1961), one of a series by the Surrealist, was auctioned during a bustling London art week.

When demand outstrips supply, there is huge money to be made by “flipping”— the practice of buying low from the artist’s gallery and reselling high...

The painting, which last sold in 1963 for $26,000, is part of a sale of works by old masters Thursday.

Paris wants to rival London as the art world’s European hub. It still has a ways to go.

The fairs, exhibitions and auctions of “Frieze Week” are in-person events once more. But the art world has changed, and so has Britain.

“Love Is in the Bin,” originally titled “Girl With Balloon,” was resold. It had been partially shredded after it was bought at a Sotheby’s auction...

Dealers brought familiar works to the flagship Swiss fair, and the event’s organizers soothed nervous exhibitors with reassuring gestures.