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trending_up market schedule Dec 5, 2025 visibility 33 link 49 artists, 1 gallery

new money new taste intel report march 2025

The article, part of Artnet's Intelligence Report, profiles the rise of a new generation of art collectors, exemplified by Justine Freeman, granddaughter of legendary patron Betty Freeman. It highlights how millennials and Gen Z, who accounted for a quarter to a third of bidders at major auction houses in 2024, are reshaping the market by focusing on ultra-contemporary artists like Jadé Fadojutimi and Hilary Pecis, as well as nontraditional collectibles such as sneakers and Hermès bags. Notable sales include Maurizio Cattelan's banana artwork "Comedian" for $6.2 million to a 34-year-old crypto entrepreneur.

newspaper Artnet News open_in_new Read original
trending_up market schedule Dec 10, 2025 visibility 34 link 17 artists, 3 galleries

art basel miami beach 2025

Art Basel Miami Beach 2025 opened amid cautious optimism following the $2.2 billion New York auctions, with Google co-founder Sergey Brin and WhatsApp co-founder Jan Koum spotted in Miami. Dealers reported strong sales, including an $18.5 million Joan Mitchell painting at Gray purchased by dealer Lillian Heidenberg. The fair introduced a new digital art section, Zero 10, sponsored by OpenSea and curated by Eli Scheinman, aimed at attracting crypto-wealthy collectors and younger audiences. Meanwhile, Art Basel hired Elena Soboleva, formerly of David Zwirner, as global head of audience growth and intelligence to engage the next generation of collectors.

newspaper Artnet News open_in_new Read original
trending_up market schedule Mar 30, 2026 visibility 57 link 18 artists, 3 galleries

How Pharrell’s Joopiter Is Redefining What an Auction House Can Be

Pharrell Williams launched his own auction platform, Joopiter, after finding traditional auction houses ill-suited to sell his collection of fashion, jewelry, and timepieces. The platform has rapidly expanded from single-owner sales into a multi-category auction house, handling luxury goods, sports memorabilia, pop culture artifacts, and contemporary art, with a recent headline lot being a $5 million Triceratops skeleton named Trey.

newspaper Artnet News open_in_new Read original
trending_up market schedule Mar 16, 2026 visibility 15 link 7 artists

Jack Kerouac’s Fabled ‘On the Road’ Scroll Sells for Record-Smashing $12.1 Million

Jack Kerouac's original 120-foot scroll manuscript for 'On the Road' sold for $12.1 million at Christie's, setting a record for a literary manuscript. The scroll, part of the late Indianapolis Colts owner Jim Irsay's collection, was purchased by country singer-songwriter Zach Bryan, who plans to create a Jack Kerouac Center in Lowell, Massachusetts.

newspaper Artnet News open_in_new Read original
trending_up market schedule Jul 16, 2025 visibility 20 link 6 artists

crystal bridges tiffany stained glass window acquisition

Crystal Bridges Museum of American Art in Bentonville, Arkansas, has acquired a monumental stained-glass window by Tiffany Studios, titled *Mountain Landscape (Root Memorial Window)* (1917). Measuring approximately nine feet by seven feet, the window was commissioned by the fraternal organization Woodmen of the World as a memorial to its founder, Joseph Cullen Root. Its design is attributed to Agnes F. Northrop, a lead designer at Tiffany Studios for half a century. The window was originally installed in Omaha, Nebraska, moved to San Antonio, Texas in 1931 for a tuberculosis hospital chapel, and later stewarded by the Sunset Ridge Church of Christ. The acquisition, facilitated by stained-glass restorer Bryant J. Stanton, took about a year to finalize.

newspaper ARTnews open_in_new Read original
trending_up market schedule Jun 5, 2025 visibility 23 link 9 artists

museum launches public appeal to buy rare barbara hepworth sculpture

The Hepworth Wakefield museum, supported by the Art Fund, has launched a public appeal to raise £3.8 million ($5 million) to acquire Barbara Hepworth's rare 1943 sculpture *Sculpture with Colour (Oval Form) Pale Blue and Red*. The work was purchased by a private collector at Christie's London in March 2024 for the same amount, but the UK government imposed a temporary export ban in December 2024, citing its outstanding historical and aesthetic significance. The museum has until August 27 to raise the remaining £2.9 million; the Art Fund has already contributed £750,000. If the goal is not met, the collector may export the piece.

newspaper ARTnews open_in_new Read original
trending_up market schedule Jun 3, 2025 visibility 16 link 7 artists, 1 gallery

trial ron perelman insurance claim warhol ruscha twombly

The trial between billionaire collector Ron Perelman and a group of insurers began Monday in New York Supreme Court, nearly seven years after a 2018 fire at his Hamptons estate, the Creeks. Perelman claims the fire damaged five paintings—two by Andy Warhol, two by Ed Ruscha, and one by Cy Twombly—insured for a collective $400 million, arguing the works lost their "oomph" due to smoke, humidity, and relocation during the fire. The insurers, including Lloyd's of London, Chubb, and AIG, contend the works sustained no detectable damage and that Perelman's claim is a "money grab" filed amid serious financial difficulties, including margin calls and the sale of 71 artworks for $963 million between 2020 and 2022.

newspaper ARTnews open_in_new Read original
trending_up market schedule Mar 25, 2026 visibility 22 link 7 artists

auctions houses middle market competition art

The auction industry's "middle market"—typically defined as lots under $1 million—is facing a period of intense competition and shrinking profit margins. While these lower-priced works account for the vast majority of transaction volume and a significant portion of earnings, the overhead costs of selling them remain high. Furthermore, aggressive financial maneuvers like guarantees and "enhanced hammers," once reserved for blue-chip masterpieces, are now being demanded by sellers and advisors at much lower price points.

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trending_up market schedule Mar 18, 2026 visibility 20 link 8 artists

Competition in the Auction Business’s Middle Market is Fierce, and Growing Fiercer

The auction industry's middle market, generally defined as lots valued below $1 million, is experiencing intense competition and shrinking profit margins. While this segment accounts for the vast majority of transactions and a significant share of auction house earnings, rising overhead and sellers demanding complex financial deals—like enhanced hammers and guarantees—are squeezing profitability. Regional and specialized auction houses are fiercely competing for business against each other and against third-party online platforms.

newspaper ARTnews open_in_new Read original
trending_up market schedule Apr 8, 2026 visibility 14 link 2 artists, 1 gallery

70 of Stephen Curry’s Game-Worn NBA Sneakers to Be Sold at Sotheby’s, Including a Pair of Nike Kobe 6 Protro ‘Mambacita’

Sotheby’s has announced an online auction of over 70 pairs of sneakers worn by NBA star Stephen Curry during his 2025-26 "sneaker free agency" season. The collection features a diverse range of brands, including Nike, Jordan, Adidas, and Li-Ning, marking the first time Curry was not tied to a single footwear contract. High-profile lots include the Nike Kobe 6 Protro ‘Mambacita’ and the Nike Air Jordan 12 ‘Flu Game,’ with individual estimates reaching up to $50,000.

newspaper ARTnews open_in_new Read original
trending_up market schedule Apr 24, 2026 visibility 12 link 2 artists, 1 gallery

From gallery to gavel: investment-grade art collection open to public

The Ann Bryant Art Gallery in East London, South Africa, is hosting a public viewing of an investment-grade art collection from a deceased estate before it goes to online auction through Thompson Property Sellers. The collection includes over 800 paintings, 600 collectables, a 1975 VW Beetle, and a 1976 Vespa, featuring works by artists such as Gabriel and Tinus de Jongh, Hargreaves Ntukwana, Amos Langdown, Christian Nice, Chris Tugwell, Jack Lugg, Tony Durheim, and Otto Klar. The event is part of the "Jazz in the City" festival, pairing jazz music with visual art to create a cultural experience.

newspaper Daily Dispatch open_in_new Read original

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