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The 2026 IFPDA Print Fair concluded at the Park Avenue Armory with record-breaking attendance of over 21,000 visitors and robust sales across various price points. This edition marked a significant pivot for the fair following its formal expansion to include drawings dealers, rebranding as the International Fine Prints and Drawings Association. Notable sales included a sold-out edition of Cecily Brown etchings at Two Palms and six-figure works by David Hockney and Rashid Johnson at Galerie Maximillian.

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David Zwirner gallery announced it will now officially represent Japanese artist Yoshitomo Nara, with his first solo exhibition planned at Zwirner's New York space. The representation deal was brokered through Nara's international agent Joe Baptista and his Equivalence Art Agency. Baptista was previously a partner at Pace Gallery, Nara's longtime representative, and his departure from Pace had not been publicly announced. Nara was also long represented by Blum Gallery, which closed earlier this year after its final Nara show in Los Angeles. Pace Gallery CEO Marc Glimcher expressed surprise but said Pace will continue to have a relationship with the artist.

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The print market is experiencing a significant resurgence, defying the broader contraction seen in the global art market. Recent events like the IFPDA Print Fair in New York reported record-breaking attendance of 21,000 visitors, while auction data shows that over 54,000 print lots were sold in 2024—the highest volume in a decade. While total sales value dipped slightly, the decline was far less severe than the 27 percent drop seen in the general fine art sector.

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A signed, limited-edition book titled *The Book of HOV: A Tribute to JAY-Z*, created in collaboration between Jay-Z's Roc Nation, French publisher Assouline, and artist Daniel Arsham, is being auctioned at Christie's. Only five copies exist, and the book is estimated to sell for $100,000 to $150,000, with a portion of proceeds benefiting the Brooklyn Public Library. The auction, part of a contemporary editions sale running from July 7 to July 22, follows a 2023 exhibition at the Brooklyn Public Library that attracted 600,000 visitors.

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The article reports on the Museum of Modern Art's retrospective "Jack Whitten: The Messenger," which runs through August 2 and features 175 works including paintings, sculpture, and archival materials. Curator Michelle Kuo describes Whitten's "endless innovation," noting that art handlers were astonished by his pioneering techniques. Whitten, who died in 2018 at age 78, moved from Alabama to New York in 1960, attended Cooper Union, and was influenced by jazz and figures like Willem de Kooning and Romare Bearden. The article also examines Whitten's art market, highlighting his auction record of $2.66 million for "Special Checking" (1974) at Sotheby's in 2019, and noting that while prices are rising, his work remains undervalued compared to peers like Gerhard Richter.

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Billionaire financier and collector Steven Cohen has been revealed as the owner of one of Maurizio Cattelan's golden toilet sculptures, *America* (2016), which he purchased from Marian Goodman Gallery in 2017. Sotheby's will auction the 18-karat gold work on November 18 with an opening bid of about $10 million. Separately, Sotheby's Paris achieved €18.6 million ($21.5 million) from the collection of late real estate mogul Manny Davidson across two sales, the highest total for a single-owner sale in France this year. In other news, Gladstone Gallery now represents the estate of Robert Colescott, and the Philadelphia Museum of Art is planning a major Vincent van Gogh exhibition titled "Van Gogh's Sunflowers: A Symphony in Blue and Yellow" for 2026.

The Business of KAWS: What Data and a Museum Show Reveal About His Market

The San Francisco Museum of Modern Art (SFMOMA) is currently hosting a major survey of KAWS, marking the final stop of a three-city tour that highlights the artist's unique blend of commercial savvy and institutional ambition. The exhibition features a range of works from diamond-encrusted sculptures for Kid Cudi to a 'genius' membership drive that sold 1,000 KAWS-branded museum memberships at $300 each. Despite a significant cooling in his auction results—dropping from a 2019 peak of $112.9 million to just $7.72 million last year—the artist continues to draw massive crowds, particularly among younger demographics.

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

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White Cube has announced the representation of Navajo artist Emmi Whitehorse, who will be represented alongside her New York gallery, Garth Greenan. The partnership follows Whitehorse’s successful solo exhibition at White Cube’s Paris space and her inclusion in the 2024 Venice Biennale. The gallery plans to debut new work, including the painting "Father Sky meets Mother Earth," at its Art Basel Hong Kong booth later this month.

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Painter Louis Fratino has joined the mega-gallery David Zwirner, adding the powerhouse to his existing representation by Berlin's Galerie Neu and New York's Sikkema Malloy Jenkins. This multi-gallery arrangement is a departure from the typical practice of artists severing ties with smaller galleries when aligning with a global giant.

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The Peter Hujar Archive and Foundation has left Pace Gallery and will now be jointly represented by New York-based gallery Ortuzar and Fraenkel Gallery in San Francisco. The archive will continue working with Mai 36 Galerie in Zürich and Maureen Paley in London on select projects. Ortuzar founder Ales Ortuzar expressed deep personal excitement about representing Hujar, who will be the first photographer the gallery has represented since its founding in 2018. The gallery plans two concurrent exhibitions this spring: a recreation of Hujar's 1986 show at Gracie Mansion and a group show featuring artists from his circle.

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Pace Gallery announced highlights for its Art Basel Paris presentation, including a major Amedeo Modigliani painting from 1918, *Jeune fille aux macarons (Young Woman with Hair in Side Buns)*, priced around $10 million. The work previews a new partnership between Pace and the Institut Restellini, founded by Modigliani scholar Marc Restellini. Restellini will collaborate with Pace on symposia in New York in 2026 and an exhibition in 2027, while his long-awaited Modigliani catalogue raisonné—authenticating 424 works—is set for publication in March 2025 by Yale University Press.

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Galleries Sprüth Magers and Skarstedt have announced joint representation of artist George Condo, ending his six-year partnership with Hauser & Wirth. Condo has a long history with both galleries: he first showed with Monika Sprüth in 1984 and was represented by Skarstedt from 2004 to 2019. The announcement comes after a two-venue exhibition earlier this year that involved both Sprüth Magers and Hauser & Wirth. Condo's market remains strong, with recent auction sales exceeding $6 million and a current retrospective at the Musée d’Art Moderne de Paris.

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The Vancouver Art Gallery and the Walker Art Center have jointly acquired Nan Goldin's *Stendhal Syndrome* (2024), a slideshow-based video work with an original soundtrack. The acquisition was funded by the Curators’ Council Fund for Women Artists and the Jean MacMillan Southam Fund at the Vancouver Art Gallery. The work will make its Canadian debut at the Vancouver Art Gallery. First presented at Gagosian's New York gallery in September 2024 as part of Goldin's exhibition "You never did anything wrong," the piece pairs two decades of the artist's photographs with a personal voiceover, exploring the emotional power of art. It features images of classical, Renaissance, and Baroque masterpieces from institutions such as the Galleria Borghese, the Louvre, the Metropolitan Museum of Art, and the Prado, interwoven with portraits of Goldin's friends, family, and lovers.

One of Van Gogh’s greatest watercolours could achieve a record price

Sotheby's New York will auction Vincent van Gogh's watercolor *The Harvest in Provence* (June 1888) on May 19, with an estimate of $25–35 million. The work, larger and more elaborate than a related watercolor at Harvard, was created just days before van Gogh's celebrated oil painting of the same scene. It is signed and titled, suggesting the artist considered it a finished piece rather than a mere study, and he sent it to his brother Theo before completing the oil version.

A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

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Artnet and Morgan Stanley have released a comprehensive analysis of the photography auction market spanning 2005 to 2024. The report reveals that while the volume of photography lots sold has more than doubled over two decades, the total annual sales value has remained largely stagnant, rising from $113.4 million in 2005 to $116.9 million in 2024. When adjusted for inflation, this represents a significant 36.7 percent decline in market value, with average prices for photographs dropping by over 50 percent during the same period.

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Art Basel Qatar has launched its inaugural edition in Doha, marking a significant expansion of the Swiss fair brand into the Middle East. The event features 87 exhibitors in a unique, booth-less format spread across the M7 and Doha Design District, departing from traditional trade fair aesthetics in favor of a curated, biennial-style presentation. While the opening VIP day saw strong attendance from regional collectors and major international galleries like Hauser & Wirth, the atmosphere was tempered by light initial sales and significant regional geopolitical tensions.

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The commercial market for performance art is undergoing a significant shift in value and sophistication. While performance has been sellable for decades through archival editions and documentation—a model pioneered by figures like Marina Abramović and dealer Sean Kelly—newer methods include oral contracts for 'live' works and high-stakes secondary market sales. Recent examples, such as Hauser & Wirth offering a Felix Gonzalez-Torres performance piece with an eight-figure price tag, signal that the medium is moving from a niche interest into a high-value asset class.

Art Market Minute February 2026

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The art market is witnessing a significant shift in the commercial viability and valuation of performance art. While the medium has been sold in various forms for years, its increasing presence at major art fairs and galleries suggests a new era where collectors are beginning to prioritize the documentation and rights to live works as legitimate assets.

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Sperone Westwater, the venerable New York gallery that celebrated its 50th anniversary two months ago, will close as an entity on December 31, 2025. Co-founders Angela Westwater and Gian Enzo Sperone have decided to pursue separate endeavors, affecting 28 artists and estates. The gallery, known for representing legends like Bruce Nauman and David Lynch, will continue its current Richard Long show through December 13 and attend Art Basel Miami Beach as planned. The closure follows months of rumors and comes as both partners are in their 80s.

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Y.Z. Kami's painting *Messenger (The Forrest)*, priced around $300,000, is currently on offer at Gagosian's Beverly Hills gallery. The work is part of a series the artist began in 2022 based on photographs taken during travels in India. Kami, born in Tehran in 1956 and based in the U.S. since 1984, is known for large-scale portraits in oil on linen. The painting is featured in Kami's exhibition 'The Domes' at Gagosian, which runs through August 8 and includes three Messenger paintings, one already sold. The show marks his first West Coast solo exhibition since 2016–17 at LACMA.

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In late April 2018, the Baltimore Museum of Art announced a plan to deaccession seven works by white, male postwar artists to fund acquisitions of works by African American and female artists. Since then, the San Francisco Museum of Modern Art and the Art Gallery of Ontario have adopted similar diversity-focused deaccessioning strategies, selling works at auction to diversify their collections. The BMA sold pieces by Franz Kline, Kenneth Noland, and Andy Warhol at Sotheby's, using proceeds to acquire works by artists including Jack Whitten, Lynette Yiadom-Boakye, and Amy Sherald. SFMOMA is deaccessioning a Mark Rothko painting estimated at $35–50 million, while the AGO is selling 20 works by A.Y. Jackson through Heffel Fine Art Auction House.

Dealer Matthew Brown More Than Doubles His Los Angeles Space with Move to Hollywood Media District: ‘I Really Believe in LA’

Los Angeles art dealer Matthew Brown is relocating his gallery to a significantly larger, 13,000-square-foot former warehouse in the Hollywood Media District. The new space, designed by architect Markus Dochantschi, more than doubles his exhibition area and includes offices, viewing rooms, and storage. The inaugural exhibition will feature artist Mimi Lauter, marking her first Los Angeles show in eight years.

The Met is Finally Treating Lee Krasner as Pollock’s Equal—Will the Market Follow?

The Metropolitan Museum of Art has announced a major upcoming exhibition titled "Krasner and Pollock: Past Continuous," which aims to present Lee Krasner and Jackson Pollock as artistic equals. While the museum's narrative seeks to reframe Krasner as a formidable figure of the New York School on her own terms, the art market continues to reflect a significant valuation gap. Pollock’s auction record stands at over $61 million, while Krasner’s peak public sale remains just under $12 million, highlighting the persistent commercial struggle for female Abstract Expressionists.

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Thaddaeus Ropac has announced global representation of the Martha Diamond Trust in collaboration with David Kordansky Gallery. The late New York painter, who passed away in 2023, is known for her expressive, gestural cityscapes of Manhattan that balance abstraction and figuration. The partnership aims to elevate Diamond’s international profile, beginning with her first European museum survey at the Sara Hildén Art Museum in Finland in 2026, followed by a solo exhibition at Ropac’s Paris gallery in 2027.

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Stephen Friedman Gallery has announced it will close its New York location in Tribeca by the end of February 2026, less than 30 months after its high-profile opening. The gallery framed the decision as a "strategic evolution" intended to consolidate resources at its London headquarters while maintaining a presence at major international art fairs. Despite the closure, the gallery maintains that its artist roster remains unchanged and its influence in the U.S. will continue through institutional exhibitions.

Japan's Art Market Growth and Asian Art News

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Japan’s art market demonstrated remarkable resilience in 2024, growing by 2% to reach $692 million despite a 12% contraction in the global art market. A government-commissioned report by economist Clare McAndrew revealed that the Japanese market is characterized by high-volume, lower-value transactions, with 93% of sales occurring at price points under $10,000 and dealers accounting for the vast majority of trade.

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This week's art industry roundup covers major personnel changes at Phillips, with Cheyenne Westphal stepping down as global chairwoman and Jean-Paul Engelen departing for Acquavella Galleries, alongside promotions of Robert Manley and Miety Heiden. Auction results show mixed performance: Christie's Riggio collection brought $488.8 million, but Sotheby's and Phillips saw declines, while Marlene Dumas set a record for a living woman artist at Christie's. Other highlights include the launch of Derrick Adams' Scout Art Fair in Baltimore, Art Basel's inaugural awards, and the opening of Destinee Ross-Sutton's gallery in Stockholm.

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Phillips has unveiled the lineup for its upcoming Modern and Contemporary art sales in London, scheduled for March 5 and 7. The auctions are headlined by a significant group of Scandinavian masterworks from the collection of former US Ambassador John L. Loeb, led by Vilhelm Hammershøi’s "Interior of Woman Placing Branches in Vase on Table" (1900), estimated at up to £2 million. Other major highlights include a rare Andy Warhol "Mao" painting, a Banksy work formerly owned by Robin Williams, and pieces by Tracey Emin, El Anatsui, and Donald Judd.