Art News. Vasari Codex

trending_up market schedule Feb 24, 2026 visibility 38 link 27 artists, 19 galleries

frieze los angeles art world grief hope

The Los Angeles art scene is navigating a complex recovery as it prepares for Frieze Los Angeles 2026. The city is grappling with the lingering trauma of devastating wildfires that destroyed significant private collections, alongside economic instability caused by massive layoffs in the entertainment industry and recent political unrest. This combination of environmental and financial crises has led to a notable market downturn, resulting in the closure of several high-profile galleries including Blum, Tanya Bonakdar, and Sean Kelly.

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trending_up market schedule Dec 4, 2025 visibility 17 link 12 artists, 1 gallery

marianne faithfull art collection auction bonhams

Bonhams auctioned 29 lots from the collection of late musician and actor Marianne Faithfull in its recurring 'Sound & Cinema' online sale, which concluded on November 24. The lots included eight artworks personally owned by Faithfull, such as an intimate portrait by South African painter Marlene Dumas that sold for $5,806—exceeding its estimate—and works by Anita Pallenberg, Martin Sharp, and others. The entire Faithfull consignment brought in $85,723, with proceeds going to her son Nicholas Dunbar.

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trending_up market schedule Jun 24, 2025 visibility 13 link 3 artists

jeff koons split rocker lacma resnicks

Lynda and Stewart Resnick have donated a monumental Jeff Koons sculpture, *Split-Rocker*, to the Los Angeles County Museum of Art (LACMA). The 37-foot-tall work, made of a metal skeleton and planted with 50,000 flowers, resembles a hybrid toy head—half rocking horse, half dinosaur. It will be installed near a new group of galleries endowed by trustee David Geffen. The Resnicks listed an unnamed piece given to LACMA on their 2023 tax filings valued at $9.6 million. The donation is part of director Michael Govan’s long-term plan to add another major sculpture to LACMA’s campus, alongside works like Chris Burden’s *Urban Light* and Tony Smith’s *Smoke*.

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trending_up market schedule May 14, 2025 visibility 31 link 35 artists, 4 galleries

At Sotheby’s, a $70M Giacometti Fails to Sell While Works By Munch and Cézanne Ignite Buyer Excitement

Sotheby’s Modern Evening Auction on May 13, 2025, achieved $186.4 million in sales but was overshadowed by the failure of its headline lot: Alberto Giacometti’s hand-painted bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70 million. The work, consigned by the Soloviev Foundation, went unsold after minimal bidding, lacking a guarantee or irrevocable bid. Other highlights included a strong performance by Edvard Munch and Paul Cézanne works, with 40% of lots exceeding high estimates. Notable sales included Georgia O’Keeffe’s *Leaves of a Plant* ($12.97 million) and Alexander Calder’s *Four Big Dots* ($8.285 million), both fresh to market.

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trending_up market schedule Apr 11, 2026 visibility 26 link 5 artists, 4 galleries

What Germany’s Art Market Reveals About the Limits of Localism

German art dealers are increasingly pivoting toward regional strategies as the national market faces a period of stagnation. While the broader European Union saw a modest rise in dealer sales, Germany’s market contracted by 4 percent between 2024 and 2025, hampered by high interest rates and a sluggish post-pandemic recovery. In response, major fairs like Art Cologne are launching satellite editions in locations like Mallorca to follow wealthy German collectors on vacation, while Art Düsseldorf prepares for a record-breaking edition despite the economic downturn.

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trending_up market schedule Dec 10, 2025 visibility 37 link 16 artists, 12 galleries

these galleries dropped out of art basel miami beach heres what happened next

Several galleries withdrew from Art Basel Miami Beach 2024 amid rising costs and a contracting art market, leaving some like San Francisco's Altman Siegel facing cancellation fees despite closing. Claudia Altman-Siegel, who shut her gallery, owed $22,000 after missing the free-cancellation deadline. Other dealers, including Miguel Abreu, Tilton Gallery, and Sperone Westwater, navigated the fair's strict payment terms for different reasons—some pulling out early to avoid penalties, others proceeding despite business challenges. The fair proceeded with 283 exhibitors and reported strong sales, including an $18.5 million Joan Mitchell painting, signaling a potential market upturn.

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trending_up market schedule Oct 28, 2025 visibility 28 link 6 artists, 29 galleries

art basel miami 2025 exhibitor changes

Art Basel Miami Beach 2025 has lost at least eight exhibitors from its main sector since the fair released its initial list over the summer. Among the dropouts are blue-chip galleries including Miguel Abreu, Chantal Crousel, Alison Jacques, Peter Kilchmann, Edward Tyler Nahem, Luisa Strina, and Lia Rumma, as well as Shanghai's BANK gallery. Two galleries, Altman Siegel and Tilton, closed entirely between the list's release and the present. Kasmin changed its name to Olney Gleason and will still participate. Reasons for withdrawal vary: Miguel Abreu chose a solo presentation at Frieze Masters over Miami, citing a "less than stellar" experience the previous year and the burden of three fall fairs. The fair's contract imposes escalating financial penalties for late withdrawals, with galleries owing 50% of their fee after August 1 and 100% after October 1.

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trending_up market schedule Apr 28, 2026 visibility 22 link 11 artists, 11 galleries

What Every Collector Should Know About Buying Performance Art

Artsy Editorial explores the complexities of collecting performance art, explaining that ownership typically involves acquiring documentation, scores, or rights to reactivate a performance rather than the live event itself. The article outlines how artists, dealers, and collectors navigate transactions for this ephemeral medium, addressing the challenges of preservation, display, and market value.

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trending_up market schedule Jun 9, 2025 source 2 sources visibility 15 link 1 artist

art market minute jun 9

The article reports on a new European Union regulation, Regulation 2019/880, set to take effect on June 28, which will impose stricter import requirements on antiquities and artworks over 200 years old and valued above €18,000. Importers must now prove that such objects were legally exported from their country of origin, even if the export occurred decades ago. This comes amid ongoing tariff confusion in the U.S., adding another layer of complexity for the international art trade. The article also teases a rediscovered J.M.W. Turner painting bought for $500 that could sell for $500,000, and highlights upcoming art hot spots for summer.

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trending_up market schedule Apr 24, 2026 visibility 38 link 19 artists

Collector Julia Stoschek Closes Down Berlin Exhibition Venue After 10 Years In Favor of International Projects

Julia Stoschek, a leading art collector and ARTnews Top 200 figure, is closing her Berlin exhibition venue after a decade of operation. The 3,000-square-meter space in the former Czech Cultural Center, which opened in 2016, will shut at the end of October 2026, having hosted 22 exhibitions and attracted 450,000 visitors. The Stoschek Foundation will maintain its Düsseldorf venue, while Stoschek shifts focus to international projects, such as the recent Los Angeles exhibition “What a Wonderful World: An Audiovisual Poem,” curated by Udo Kittelmann.

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trending_up market schedule Mar 18, 2026 visibility 8 link 1 artist

Rare Atlas Owned by Queen Mary I Heads to Market—With $1.6 Million Price Tag

A rare 16th-century atlas, once owned by Queen Mary I of England, is being offered for $1.6 million at the New York Antiquarian Book Fair. The volume, which contains unique early maps of Britain, was acquired by dealer Barry Lawrence Ruderman Antique Maps Inc. for $227,000 just two years ago and is now presented as a major artifact of Tudor history.

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trending_up market schedule Apr 29, 2026 visibility 26 link 8 artists

Sotheby’s Auction Raises Funds for Yale MFA Scholarships

The Yale School of Art is partnering with Sotheby’s to host an auction benefiting scholarships for its Master of Fine Arts program. The 13 lots, including works by Howardena Pindell, Josef Albers, Richard Prince, Mickalene Thomas, Do Ho Suh, and Barkley L. Hendricks, will be sold as part of Sotheby’s Contemporary Day Auction in New York on May 15. Estimates range from $5,000 to $700,000. Dean Kymberly Pinder, who has raised $13 million toward debt-free graduation since 2021, stated the auction supports a larger initiative to ensure MFA students graduate without debt.

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trending_up market schedule Jun 9, 2025 visibility 13 link 3 artists

gary burden album cover artist gary auction

Bonhams Los Angeles is auctioning the archive of legendary album cover designer Gary Burden, who died in 2018, in a sale titled "Cover to Cover" running from June 20 to 30. The collection includes original artwork, sketchbooks, and ephemera from Burden's five-decade career, featuring iconic covers for the Doors' *Morrison Hotel* (1970), the Eagles' *Desperado* (1973) and *One of These Nights* (1975), Joni Mitchell's *Ladies of the Canyon* (1970), and Jackson Browne's 1972 debut, among others. Highlights include a lithograph for the Eagles' *One of These Nights* (estimate $10,000–$15,000) and Burden's preparatory pencil sketch for *Desperado* (estimate $30,000–$40,000).

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trending_up market schedule Feb 24, 2026 visibility 16 link 4 artists, 1 gallery

New and relaunched satellite fairs spread across Los Angeles during Frieze

A wave of new and relaunched satellite art fairs is debuting in Los Angeles to coincide with Frieze Los Angeles, offering lower-cost alternatives for galleries and artists. Newcomers like the Indianapolis-based Butter Art Fair, the photography-focused Show LA, and the New York-centric Enzo Art Fair are positioning themselves as intimate, artist-centric, or zero-fee options. These ventures aim to capitalize on the influx of global collectors while bypassing the high overhead costs associated with major international fairs.

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trending_up market schedule Oct 9, 2025 visibility 11 link 1 artist

christies jonathan burden decorative arts auction results

Christie's online sale of decorative arts from the collection of Jonathan Burden, titled 'Crafted and Collected: The Jonathan Burden Sale,' achieved over $1.07 million with fees, more than doubling the low estimate of $487,500. The sale featured 151 lots, with only five unsold, a 97% sell-through rate. The top lot was a 10-foot-long French Incarnat Turquin marble dining table that sold for $101,600, far exceeding its $30,000 high estimate. The auction employed an innovative 'in-situ' viewing at Burden's studio in Long Island City, where potential bidders could meet the dealer, hear stories, and see pieces demonstrated. Many items sold for multiples of their estimates, including a Victorian metamorphic chair that brought $27,940 against a $3,000 high estimate.

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trending_up market schedule May 12, 2026 visibility 26 link 1 artist, 1 gallery

New Seoul art fair HIVE drops booth fees in market experiment

The inaugural HIVE Art Fair in Seoul, opening May 21 at COEX Magok, is testing an alternative business model that eliminates fixed booth fees. Instead, galleries can choose which services and installations to pay for through a "selective purchase system," with the fair relying on ticket sales, corporate partnerships, and promotional lounges for revenue. The fair features 48 galleries (36 South Korean, 12 international) and 158 artists, with no overlapping artists between galleries, and will display exhibition titles and curatorial statements alongside gallery names.

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trending_up market schedule Aug 15, 2025 visibility 11

new 2025 survey galleries art fair model first thursday

A new report from First Thursday, a London-based sales intelligence company, reveals widespread frustration among gallerists over the rising costs and high risks of participating in art fairs. Surveying 56 commercial galleries across Europe, Asia, Africa, and North America, the inaugural Art Fair Report found that nearly half of galleries spent over £30,000 ($40,000) per fair, with 24% spending between £50,000 and £100,000. High participation costs were cited by 83% of respondents as the biggest challenge, followed by sales uncertainty (77%). As a result, 31% plan to attend fewer fairs, shifting investment to digital platforms and marketing.

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