Art News. Vasari Codex

trending_up market schedule Jan 9, 2026 visibility 17 link 5 artists, 2 galleries

barnes foundations coo heritage auctions sales

The Barnes Foundation has promoted Will Cary to Executive Vice President and Chief Operating Officer, where he will oversee new revenue initiatives, the Calder Gardens partnership, and a newly formed Brand department. Bukia Vakhania Gallery (formerly Gallery Artbeat) is opening a Berlin location on January 15 with a solo show by Nina Kintsurashvili. Heritage Auctions reported $2.2 billion in sales for 2025, its highest-ever annual total, driven by coins, comics, sports memorabilia, and illustration art. Antenna Space will open a Hong Kong outpost in March 2026, directed by Jeff Li. A Deloitte Private and ArtTactic report reveals that 50% of non-bank art lenders experienced loan defaults in 2024, up from 17% in 2023.

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trending_up market schedule Mar 30, 2026 visibility 23 link 15 artists

Art trade stays buoyant amid global turmoil

Major London auction houses Sotheby's and Christie's posted strong results in early March, with their Modern and contemporary art evening sales raising £131m and £197m respectively. These figures represented significant increases over the previous year, with high sell-through rates, despite concurrent geopolitical turmoil in the Middle East. Key lots included Francis Bacon's 'Self Portrait' selling for £16m and Henry Moore's 'King and Queen' achieving a record £26.3m.

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trending_up market schedule Jul 9, 2025 visibility 17 link 3 artists, 1 gallery

How Does the Economy Impact the Art Market?

Olivia Gavoyannis's article examines how broader economic factors—such as interest rates, trade policies, inflation, and currency fluctuations—affect the art market. It notes that recent economic volatility, including COVID-19 recessions and tariffs, has led to high-profile auction flops and slower demand for top-tier works, but argues that such coverage only tells part of the story. The piece explores the unique economics of art, where artworks are non-fungible and pricing is driven by perception, scarcity, and insider networks rather than utility, and highlights the lack of transparent pricing data.

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trending_up market schedule Jan 6, 2026 visibility 12 link 1 artist

non bank art loans defaults rise deloitte private arttactic

Half of non-bank art lenders experienced loan defaults in 2024, up from 17 percent in 2022, according to the Art and Finance Report 2025 by Deloitte Private and ArtTactic. The report notes that while the wider art market has shrunk since 2022—sales fell 12 percent to $57.5 billion in 2024—the market for art-backed loans has grown to an estimated $33.9–$40 billion. Non-bank lenders are increasingly taking on riskier clients, with some charging over 15 percent interest, while private banks reported zero defaults in 2024.

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trending_up market schedule Apr 15, 2026 visibility 41 link 9 artists

Photography, a rapidly growing market: global auctions up 19% and increasing space for contemporary art.

The global photography market experienced a significant surge in 2025, with auction turnover at major houses like Christie's, Sotheby's, and Phillips rising 19.1% to $40.4 million. A key trend identified in the Deloitte Private report is the shift away from specialized photography-only auctions toward the integration of high-value photographic works into broader modern and contemporary art sales. This transition has helped drive the average hammer price up by nearly 39%, as seen with million-dollar results for artists like Man Ray, Cindy Sherman, and William Eggleston.

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