armory show vip day sales report

The Armory Show's VIP preview day on Thursday saw long queues and a cautiously upbeat mood at the Javits Center, despite a shaky art market marked by gallery closures and fair cancellations. Dealers reported serious interest and solid sales, including a $1 million work at Galleria Lorcan O’Neill, a Kehinde Wiley painting for $265,000 at Sean Kelly, and a Kennedy Yanko sculpture for $150,000 at James Cohan. The highest-priced work, Alex Katz's 1962 painting *October 2*, was listed at $1.2 million but remained unsold. The fair attracted major collectors like Don and Mera Rubell and institutional figures such as Thelma Golden and Scott Rothkopf, with the Presents section for emerging galleries also seeing brisk sales.

fall art season new york galleries open

Mathieu Borysevicz, founder of Shanghai's Bank gallery, launched a six-month pop-up on New York's Lower East Side earlier this year, aiming to introduce his program to new audiences amid growing Asian art interest in the city. By mid-summer, however, Borysevicz observed a sharp market downturn as collectors withdrew, reflecting a broader trend of gallery closures, lawsuits, and fair cancellations that have marked a turbulent period for the art world.

nada miami 2025 strong early sales

NADA Miami 2025 opened at Ice Palace Studios with strong early sales and a buoyant mood, as crowds streamed through the aisles on Tuesday morning. Dealers reported brisk business, with Polina Berlin selling multiple works by artists including Tamo Jugeli, Parmen Daushvili, and Casey Bolding, while Charles Moffett sold ten paintings by Kenny Rivero. The fair, hosting around 140 exhibitors, saw participation from galleries like Deanna Evans Projects, Alice Amati, and Gladwell Projects, with many dealers expressing relief and confidence after a multi-year contraction in the art market.

state of the art market old masters and neo old masters

Artnet News, in collaboration with Morgan Stanley, analyzed auction data from the Artnet Price Database to assess the state of the European Old Master market since 2018. The investigation explores how efforts to contemporize Old Masters—through juxtapositions at art fairs like TEFAF and Masterpiece London, and gallery shows such as David Zwirner's 'Endless Enigma'—have correlated with market trends for Contemporary and Ultra-Contemporary artists whose work is visibly influenced by classical European art. The report also examines the impact of living artists inspired by Old Masters, suggesting that restricting analysis to historical works alone may underestimate their ongoing influence on the art market.

dog days art market

The article reports on a severe downturn in the art market during summer 2025, with gallery closures, declining auction sales, and widespread pessimism. Notable dealers Tim Blum and Adam Lindemann have shut their galleries, and a survey by France's Professional Committee of Art Galleries (CPGA) found 85% of respondents pessimistic about the sector's economic health, with turnover down 6% in 2024. The Art Dealers Association of America (ADAA) canceled its October Art Show in New York, and some dealers are considering small business loans to cover costs. Meanwhile, galleries like Goodman Gallery are embracing e-commerce to adapt.

londons old masters week sees rare works sell and mid market paintings struggle

Christie's, Sotheby's, and Bonhams held Old Masters auctions in London, with Christie's achieving a record £31.9 million ($43.7 million) sale for Canaletto's *Venice, the Return of the Bucintoro on Ascension Day* (circa 1732), more than half the sale's total of £60.8 million. The painting, once owned by Robert Walpole, set a new auction record for the artist. Sotheby's evening sale brought in £14.5 million, with J.M.W. Turner's rediscovered *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol* (1792) selling for £1.9 million, seven times its estimate. However, mid-market paintings struggled, and the Bristol Museum and Art Gallery failed to acquire the Turner despite fundraising £109,000.

Peter Halley - Jablonka Gallery, Koln vintage poster (Hand Signed by Peter Halley) , 1988

A rare 1988 vintage silkscreen exhibition poster by Peter Halley, published for his show at Jablonka Galerie in Cologne, has surfaced on the secondary market. The work is notably hand-signed and dedicated by the artist to fellow artist Bill Radawec, distinguishing it from standard mass-produced exhibition ephemera. Halley, a central figure of the 1980s Neo-Geo movement, is recognized for his 'cell' and 'conduit' paintings that critique social and technological structures.

art dealers association cancels 2025 edition of new york fair

The Art Dealers Association of America (ADAA) has canceled the 2025 edition of its annual New York art fair, The Art Show, which was scheduled to open at the Park Avenue Armory on October 28. The decision was communicated to members via email and confirmed by ADAA president Susan Sheehan, with the board citing a strategic pause to reimagine the fair for long-term sustainability. The fair has been a staple of the New York social calendar, with its VIP opening night serving as a fundraiser for the Henry Street Settlement, raising over $38 million for the nonprofit over three decades.

Sotheby’s $304M Modern Evening Auction Confirms the Market Has Found Its Footing

Sotheby's Modern Evening Auction on May 19 achieved $304 million with a 98% sell-through rate across 45 lots, more than doubling the total from the equivalent sale in November. The auction was anchored by fresh-to-market masterpieces, including Henri Matisse's "La Chaise Lorraine" from the Barbier-Müller collection, which sold for $48.4 million—the second-highest price for a Matisse painting at auction. Other highlights included works from the Enrico Donati collection, which generated a combined $58.9 million, and Pablo Picasso's "Arlequin (Buste)" (1909) selling for $42.6 million. The sale contributed to a running combined total of $839.6 million for Sotheby's marquee sales, following strong results from the Mnuchin collection and Contemporary Day Auction.

Liu Wei’s "You Like Pork?" leads Poly Hong Kong modern and contemporary art sale at US$3.5m

Poly Auction Hong Kong concluded its modern and contemporary art sale on April 6, achieving a total of HK$76.4 million (US$9.8 million) with a 67% sell-through rate. The auction was headlined by Liu Wei’s 1995 masterpiece "You Like Pork?", which sold for HK$27.6 million (US$3.5 million) to a phone bidder. Other top performers included Zao Wou-Ki’s "15.07.67" from his Hurricane period and Wu Dayu’s "Rhymes of Beijing Opera," both of which surpassed the HK$10 million threshold.

Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

Botticelli under UK export ban purchased by Klesch Collection

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), valued at £10.2 million, has been purchased by the Klesch Collection, a British private collection, after the UK government placed an export bar on the work in May 2025. The painting, which sold at Sotheby’s London in late 2024 for £9.7 million, will be loaned to the Ashmolean Museum in Oxford for three years, ensuring it remains in the UK.

hauser and wirth sicily

Mega-gallery Hauser & Wirth is acquiring the historic Palazzo Forcella De Sata in Palermo, Sicily, as confirmed by president and cofounder Iwan Wirth. The property, a 19th-century eclectic architectural landmark that hosted Manifesta 12 in 2018, was purchased in mid-November, though Sicilian authorities and Italy’s Ministry of Culture have a two-month window to preempt the sale due to historical monument restrictions. The gallery plans to use the main floor as exhibition space, with renovations potentially completed by 2030.

long forgotten rubens found in paris mansion

A long-lost painting by Peter Paul Rubens, a dramatic crucifixion scene dated to around 1614–15, was discovered among the possessions of a deceased Parisian homeowner during a routine appraisal. Auctioneer Jean-Pierre Osenat identified the work and consulted Rubens expert Nils Büttner, who confirmed its authenticity through x-ray imaging and pigment analysis. The painting sold at auction on November 30 for €2.3 million ($2.7 million), exceeding its presale estimate of €1–2 million.

christies 20th century art november new york by the numbers

Christie’s fall auction season in New York opened with a robust evening sale of 20th-century art on Monday night at Rockefeller Center, achieving a total of $690 million after fees. The sale featured an 18-lot offering from the private collection of Robert and Patricia Weis, followed by the main 20th-century auction. The top lot was Mark Rothko’s *No. 31 (Yellow Stripe)* (1958), which sold for $62 million, while Claude Monet’s *Nymphéas* (1907) brought $45.5 million. The sale had a 95 percent sell-through rate, with 55 of 80 lots guaranteed, and strong in-person bidding provided a boost of market confidence after months of art fair cancellations and gallery closures.

work of the week emily carr

A painting by Emily Carr, titled *Fir Trees* (ca. 1935), sold for CA$576,000 ($418,370) at Cowley Abbott’s live auction of Canadian and international art in Toronto on May 28, more than doubling its low estimate. The work is a vivid example of Carr’s signature forest scenes, reflecting her deep connection to the British Columbian landscape and her association with the Group of Seven. The auction also saw strong results for other Group of Seven artists, including Franklin Carmichael’s *Old Orchard* (1940) at CAD$768,000, and for Marcelle Ferron’s untitled 1964 abstract painting at CAD$696,000.

Hong Kong Art Week 2026: Art Basel Preview

hong kong art week art basel preview

Hong Kong’s art market is signaling a cautious recovery in 2026 as the city prepares for its marquee Art Week. Despite macroeconomic improvements in real estate and equities, the sector is grappling with significant logistical hurdles caused by the US–Israel–Iran War. Shipping costs between Europe and China have surged by 30%, leading to the cancellation of the International Antiques Fair and the withdrawal of high-profile delegations like the Sharjah Art Foundation.

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.

A time portal in 11 characters: On Kawara's "NOV. 27, 1984" sells for US$1.1m at Bonhams Hong Kong

On November 27, 2025, On Kawara's date painting "NOV. 27, 1984" from his Today series sold for HK$8.5 million (US$1.1 million) at Bonhams' Modern and Contemporary Art Sale in Hong Kong, becoming the top lot of the auction. The work, executed exactly 41 years earlier on November 27, 1984, features the date in white sans-serif lettering on a dark canvas and was acquired by a client represented by Bonhams specialist Ryo Wakabayashi, likely destined for a private collection in Japan.

Pursuing ‘a different economy’, London gallery Herald St will open new space in Bologna

London gallery Herald St, known for nurturing artists like Nicole Wermers, Cary Kwok, and Pablo Bronstein over the past 20 years, will open a new space in Bologna, Italy, in early 2025. Co-founder Nicky Verber cites the city's strong local collector base, excellent institutions such as Mambo (Museo d'Arte Moderna di Bologna), and its connectivity to Venice, Milan, and Florence as key draws. The gallery has deepened ties with Bologna through a 2020 group exhibition, signing local artist Francis Offman in 2021, and participating in Arte Fiera. The new space, located in the medieval center, will feature three exhibition rooms and open with a show by abstract painter Matt Connors, hosting three to four exhibitions annually compared to five or six in London.

US-Israel war on Iran disrupts art transport routes as prices surge

The ongoing US-Israel war on Iran has severely disrupted global art logistics, causing oil prices to surge and key shipping routes to close. Air freight costs for fine art have skyrocketed by 70% to 300%, and critical corridors like the Strait of Hormuz have become impassable, leaving exhibitions stranded at airports and shipments stuck at sea.

Art Basel’s Swiss Fair Will Include a New Initiative Where Galleries Will Withhold Works from Their PDF Previews

Art Basel has announced a new initiative called "Basel Exclusive" for its upcoming Swiss fair, running June 18–21 with VIP previews June 16–17. Under the program, participating galleries will withhold at least one artwork—or even their entire booth—from the PDF previews sent to clients ahead of the fair, encouraging collectors to visit in person. So far, 170 of 232 exhibitors (nearly 75%) have signed on, including major galleries like Gagosian, Hauser & Wirth, Pace Gallery, David Zwirner, Gladstone, Lehmann Maupin, Lisson, Matthew Marks, Paula Cooper, Thaddaeus Ropac, and White Cube, as well as secondary-market dealers such as Galerie 1900-2000, Helly Nahmad, Landau, Mayoral, Pace Di Donna Schrader, and Van de Weghe. Art Basel’s chief artistic officer Vincenzo de Bellis described it as a "gallery-led process" developed from conversations with exhibitors, formalized during Art Basel Hong Kong.

Artemisia Gentileschi Masterpiece Goes to Auction—Without Its Face

The Dorotheum auction house in Vienna is set to auction a rare, autograph replica of Artemisia Gentileschi’s 'St. Mary Magdalen' (c. 1620) that is missing its central focus: the saint's face. Discovered in a private German cellar in 2011 and likely mutilated during the looting of postwar Berlin, the fragment has been authenticated by experts Roberto Contini and Riccardo Lattuada. Despite the missing section, infrared analysis confirms Gentileschi’s hand, and the work is estimated to fetch between $120,000 and $170,000.

Milan’s contemporary art credentials further bolstered by arrival of Paris Internationale

Paris Internationale, the influential non-profit art fair, has announced its inaugural Milan edition featuring a lineup of 34 galleries. Scheduled to coincide with Milan Art Week, Miart, and the Salone del Mobile, the fair includes prominent participants such as Jocelyn Wolff, kaufmann repetto, and Sylvia Kouvali. The move signals a strategic expansion for the French organization into a city increasingly recognized for its intersection of art, design, and high-level production.

hauser wirth to open sicily location in historic palazzo

Hauser & Wirth has announced plans to open its first Italian location in Palermo, Sicily, housed in the historic Palazzo Forcella De Seta. The gallery purchased roughly 20,000 square feet of the neo-Gothic palace, which previously served as a venue for Manifesta 12 in 2018 and was once home to Galleria Mediterranea, the city’s first private art gallery. The deal closed in November, but the local government and Italy’s Ministry of Culture retain a 60-day right of public pre-emption due to the building’s status as a historic monument. If that right is not exercised, work could begin in 2026, with completion expected by 2030.

adaa art fair

The Art Dealers Association of America (ADAA) has announced a new art fair, the ADAA Fair, set to take place at the Park Avenue Armory from November 12–16, 2026. This follows the cancellation of the 2025 edition of its long-running Art Show, prompted by the end of a partnership with the charity Henry Street Settlement, which had hosted the fair's VIP opening as a fundraiser. The ADAA plans to refocus on supporting visual arts and museums, with the ADAA Foundation continuing to provide grants to U.S. institutions.

In 2025, new ‘independent and nimble’ art fairs began redrawing the market map

In 2025, several established art fairs were cancelled or postponed, including the Art Dealers Association of America's Art Show in Manhattan, Taipei Dangdai, Photofairs Hong Kong, and the India Art Fair's Mumbai expo. Amid these retrenchments, a wave of smaller, alternative art fairs emerged in cities like New York, Paris, and the Berkshires, organized by gallerists and curators seeking new formulas focused on coalition, affordability, and intimacy. Examples include Esther in Manhattan (co-founded by Margot Samel and Olga Temnikova), the Arrival Art Fair in North Adams (co-founded by Yng-Ru Chen, Crystalle Lacouture, and Sarah Galender Meyer), 7 rue Froissart in Paris (organized by Sara Maria Salamone and Brigitte Mulholland), and Post-Fair in Santa Monica (founded by Chris Sharp).

Art March Hong Kong | 8 Kusama pumpkins head to auction during Basel week – here’s every one of them

Eight signature pumpkin works by Yayoi Kusama are set to headline the spring auction season in Hong Kong, coinciding with Art Basel week. Major auction houses including Sotheby’s, Christie’s, and Bonhams are offering a diverse range of these iconic motifs, featuring everything from a massive two-meter-tall fiberglass sculpture to rare red and yellow canvases. Notable highlights include a unique 2015 sculpture at Sotheby’s with a high estimate of HK$60 million and a rare red pumpkin painting at Bonhams.

After 50 years, LA Louver is closing its gallery in Venice, California

LA Louver, the longest-running gallery in Los Angeles, is closing its Venice, California space after 50 years in business. Founder Peter Goulds, who turns 77 next month, is transitioning the gallery into a private dealing model with pop-up exhibitions from its Jefferson Boulevard warehouse in West Adams. The Venice space will be listed for sale but remain open by appointment to sell inventory. The gallery is also donating its extensive archive to the Huntington Library in San Marino, which includes papers of writers like Octavia Butler and Christopher Isherwood.

A Rosso for the Metropolitan

Un Rosso pour le Metropolitan

The Metropolitan Museum of Art in New York has acquired a painting by Rosso Fiorentino, a master of Italian and French Mannerism, after restoration revealed an earlier overpaint that had obscured the composition. The work, a Virgin and Child, now shows Saint John the Evangelist in the foreground at right, confirming it as an original by the artist.