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art world los angeles report

Frieze Los Angeles 2026 opened amid concerns over the city's cooling art market, following a wave of gallery closures and a shift toward nomadic dealer models. Despite the economic downturn and the lingering shadow of previous regional fires, the fair week saw a resurgence of energy with 32,000 attendees and significant blue-chip sales, including a $3.75 million Ed Ruscha at Gagosian and a $2.8 million Njideka Akunyili Crosby at David Zwirner. The week was characterized by a mix of high-end commerce at the Santa Monica Airport and grassroots vitality at satellite events like Felix and the newly launched Post-Fair.

2026 asian art market preview

Artnet Pro's 'The Asia Pivot' newsletter previews the 2026 Asian art market, highlighting a hopeful recovery after signs of improvement in late 2025. Key events include Art SG in Singapore (hosting S.E.A. Focus for the first time), the inaugural Art Basel Qatar in February, and Art Basel Hong Kong in March. Auction houses will align spring sales with these fairs. The article also notes regional shifts: South Korea's Art Asia partners with KINTEX for a new fair in India, Hong Kong's Kwai Fung Hin opens in Singapore, and Shanghai's Antenna Space expands to Hong Kong. Japan's Prime Minister Sanae Takaichi meets with artist Takashi Murakami to promote culture abroad, while geopolitical tensions with China threaten cultural exchanges.

emily fisher landau sothebys results

Sotheby's held a landmark evening auction on November 8 featuring 31 works from the collection of Emily Fisher Landau, a noted art patron who amassed around 1,200 works over 102 years. The sale achieved $406.4 million, surpassing its pre-sale estimate of $344.5–$430.1 million and becoming the most valuable auction dedicated to a female collector in history. Highlights included Pablo Picasso's *Femme à la montre* (1932), which sold for $139 million—the second-highest price for a Picasso at auction—and record-breaking results for Agnes Martin's *Grey Stone II* ($18.7 million), Mark Tansey's *Triumph Over Mastery II* ($11.8 million), and Jasper Johns's *Flags* (1986) ($41 million). Other notable sales included works by Cy Twombly, Ed Ruscha, and Andy Warhol's portrait of Landau.

At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

gagosian reunites with richard diebenkorn

Gagosian has announced representation of the late American painter Richard Diebenkorn (1922–1993), marking the artist's return to the gallery more than thirty years after his final solo exhibition there during his lifetime. To celebrate, the gallery will mount a career-spanning exhibition at its Madison Avenue flagship opening November 8, curated by Jasper Sharp in collaboration with the Richard Diebenkorn Foundation. The show will feature works from every period of Diebenkorn's six-decade career, including early California landscapes, wartime watercolors, and the celebrated Ocean Park abstractions, with highlights such as a 1943 watercolor, a monumental 1960 canvas, and late works on paper.

asian collectors and dealers art basel

Asian collectors and dealers are increasingly choosing to skip Art Basel's flagship Swiss edition in favor of Art Basel Paris, citing the French capital's more appealing experience. Amid a market contraction, figures like Monique Leong are skipping Basel for the second year, while others such as Kankuro Ueshima, Rosy Wu, and Kazunari Shirai still attend. Notable appearances include K-pop star RM of BTS, who made his first public appearance after military service as Samsung Art TV's global ambassador. The fair saw Asian languages spoken widely, and young first-time collectors brought private guides to maximize their visit.

pilar corrias new gallery london 2023

Pilar Corrias is expanding her London gallery with a new 5,000-square-foot flagship space at 49-51 Conduit Street in Mayfair, featuring 16-foot ceilings and street-level access. The gallery, now 15 years old, has grown from representing 4 to 35 artists, including top-selling names like Christina Quarles. Corrias decided to open the new space after a four-year search, citing its rare size and industrial character as a contrast to her existing Savile Row location, which she will retain. The first exhibition in the new gallery will showcase new paintings by Christina Quarles.

London galleries Edel Assanti and Emalin both announce expansions

London-based contemporary galleries Edel Assanti and Emalin have both announced significant expansions within the UK capital. Edel Assanti is opening a second, more intimate location in St. James’s to complement its larger Fitzrovia flagship, launching with a focused exhibition of works by Lonnie Holley. Simultaneously, Emalin is moving its primary operations from Shoreditch to a sprawling 5,000-square-foot space in Clerkenwell previously occupied by Modern Art, while maintaining its historic Shoreditch outpost.

Loïc Gouzer’s Auction Platform Fair Warning to Sell Major Banksy at Tiffany’s Flagship Store

Loïc Gouzer's auction platform Fair Warning will sell Banksy's *Girl and Balloon on Found Landscape* from the 'Crude Oils' series in an invitation-only live auction at Tiffany & Co.'s Fifth Avenue flagship store on May 20. The work, which carries a $13 to $18 million estimate, modifies a thrifted landscape painting with the artist's signature red heart-shaped balloon. It will be publicly viewable in the store before the sale.

stephen friedman exits tribeca

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.

paris galerie 1900 2000 closed new york branch

Galerie 1900-2000, a Parisian gallery specializing in Dada and Surrealism, has closed its New York branch on Madison Avenue, which opened in February 2023 as a joint venture with Galerie Georges-Philippe & Nathalie Vallois. The Manhattan outpost's last exhibition ended in September, with principal David Fleiss citing a slow market during difficult global times as the reason for the closure, though he did not rule out a future return to New York.

asia pivot art news july

Art Collaboration Kyoto announced 72 exhibitors for its fifth edition, with 25 first-time participants. Patti Wong, former Sotheby's executive, launched New Perspectives Art Partners with Ed Dolman, Brett Gorvy, and others. Art Fair Tokyo's 20th edition saw sales of ¥2.86 billion, down 10% from last year. Lisa Horikawa and Mizuki Takahashi were appointed co-curators of Japan's pavilion at the Venice Biennale. The Sharjah Art Foundation named Angela Harutyunyan and Paula Nascimento curators of the 17th Sharjah Biennial. YDP, a new non-profit space in London, will open with a solo show by Duan Jianyu. At Sotheby's London, Yu Nishimura's painting sold for £292,100. Hong Kong collector Adrian Cheng resigned from New World Development's board.

emily fisher landeau collection auction fate

Christie’s and Sotheby’s are competing to secure the estate of Emily Fisher Landau, the noted art collector who died in March at age 102. Her collection, valued between $375 million and $500 million, could become a major highlight of the November evening sales, helping offset a sluggish first half for auction results. The Big Three auction houses have seen a 51 percent drop in total sales year-over-year, with Christie’s and Phillips both reporting significant declines.

sothebys will sell the 500 million collection of the late art patron emily fisher landau the markets most coveted consignment this fall

Sotheby's has won the consignment of the late Emily Fisher Landau's art collection, valued at approximately $500 million, making it the most anticipated single-collector sale of the fall auction season in New York this November. The star lot is Pablo Picasso's 1932 portrait "Femme à la montre (Woman With a Watch)," estimated to fetch over $120 million, alongside major works by Mark Rothko, Ed Ruscha, Jasper Johns, and Andy Warhol.

High-Profile Montreal-Based Art Gallery Opening in Wynwood This Summer

Montreal-based Galerie de Bellefeuille, a commercial gallery founded in 1980 that represents over 100 artists including Damien Hirst, Robert Indiana, Jeff Koons, and Alexander Calder, has announced it will open a 4,000-square-foot location at 136 NW 25th St. in Miami's Wynwood neighborhood this summer. The expansion comes shortly after the gallery's planned U.S. flagship in Midtown New York, and marks the latest in a wave of international galleries establishing a presence in Miami.

Discover 10 Highlights from Art Basel Paris 2025

Art Basel Paris 2025, now in its fourth edition, took place from October 22–26 at the restored 1900 Paris Exposition venue, a Beaux-Arts landmark with Art Nouveau iron and glasswork. The fair hosted 206 international galleries and introduced a new 'Avant-Première' V.V.I.P. day on October 21, where each gallery could allocate six guest passes. Blue-chip sales were swift, led by Hauser & Wirth selling Gerhard Richter's *Abstraktes Bild* (1987) for $23 million to a European collector. Other notable sales included Bruce Nauman's neon sculpture *Masturbating Man* for over $4.7 million and Amedeo Modigliani's *Jeune fille aux macarons* (1918) for $10 million at Pace Gallery. The fair also featured curatorial sectors Emergence (16 solo presentations by emerging artists) and Premise (ten historical projects with works predating 1900).

TEFAF New York Opened to Crowded Aisles, Bullish Collectors, and Strong Booths

TEFAF New York opened at the Park Avenue Armory with unexpectedly strong crowds and a buoyant mood, defying the typical afternoon lull. Dealers reported heavy foot traffic and sustained conversations, with gallerist Sean Kelly calling it the best edition in years. The fair, running through May 19, features a mix of antiquities, design, modern, and contemporary art, with standout booths including Alison Jacques’s pairing of Dorothea Tanning, Robert Mapplethorpe, and Gordon Parks, and Sean Kelly Gallery’s display of works by Shahzia Sikander and Sam Moyer. The newly launched Pace Di Donna Schrader Galleries made its TEFAF debut with works by Eugène Delacroix, Willem de Kooning, and Alexander Calder.

sothebys to open its new breuer building hq on november 8 with blockbuster exhibition

Sotheby's has announced November 8 as the opening date for its new headquarters in the iconic Breuer Building at 945 Madison Avenue, New York. The auction house purchased the building from the Whitney Museum in 2023 and commissioned Pritzker Prize-winning architects Herzog & de Meuron, along with PBDW Architects, to renovate the landmarked structure. The opening will feature a blockbuster exhibition of modern and contemporary art, followed by major sales the week of November 17. The building, designed by Marcel Breuer and completed in 1966, previously housed the Whitney Museum, the Metropolitan Museum of Art, and the Frick Collection.

big questions art basel

Art Basel, the flagship art fair, returns to Basel, Switzerland from June 17 to 22 amid a period of market contraction and geopolitical instability. The article explores key questions surrounding the fair, including whether the proliferation of new Art Basel editions in Paris and Doha is diluting interest in the original Swiss event. Gallerists and collectors weigh in, noting that while Paris is rising in importance, Basel retains unmatched prestige and draws a genuinely engaged international audience. The piece also highlights the fair's new "Premiere" section, which spotlights mid-career and established artists, featuring London gallery Edel Assanti's debut presentation of American artist Lonnie Holley.

Raymond Pettibon, Chris Johanson | You're Not Worth Much (Hand Signed by Raymond Pettib… (2017) | For Sale

This article is a sales listing for a collaborative artwork by Raymond Pettibon and Chris Johanson, titled "You're Not Worth Much" (2017), hand-signed by Pettibon. The listing includes a biography of Pettibon, detailing his career, exhibitions, and gallery representation by David Zwirner, as well as his influences and major museum shows.

New York Historical receives gift of 150 works by Indigenous artists

The New York Historical has received a landmark gift of 150 contemporary and historical works by Indigenous artists from Agnes Hsu-Tang, the chair of its board of trustees, and her husband Oscar Tang. The collection features major figures such as Fritz Scholder, Jaune Quick-to-See Smith, and Cara Romero, spanning various media including ceramics and textiles. This acquisition represents the most significant gift of Native art to a New York institution since the founding of the Museum of the American Indian.

Unlock Art Basel Miami Beach with curated experiences and inspiring stays

Airbnb has announced its return to Art Basel Miami Beach as part of a multi-year partnership with the fair, offering exclusive art experiences and design-forward stays. Highlights include a pre-opening tour led by fair director Bridget Finn, an interactive design workshop with interior designer Kelly Wearstler, and a private artist-guided tour of Jack Pierson's solo show at the Bass Museum of Art. The collaboration extends beyond Miami to cities like Los Angeles, Mexico City, and Tokyo, with experiences at galleries such as PACE Gallery, Vielmetter, and the Ueshima Museum.

This Contemporary Icons Auction Packs Blue-Chip Firepower

Artnet Auctions has launched "Contemporary Icons: Part II," a summer auction now live for bidding through August 20, 2025. The sale features over 100 lots from a single private collection, including works by blue-chip artists such as Rashid Johnson, Jean-Michel Basquiat, Shara Hughes, Marilyn Minter, Tunji Adeniyi-Jones, and Jean-Baptiste Bernadet. Highlights include Johnson's "Write me In" (est. $120,000–$180,000) and Adeniyi-Jones's "ESHU" (est. $60,000–$80,000). Head of post-war and contemporary art Johannes Vogt noted the rarity of an online auction offering so many lots from one cohesive collection, with most pieces acquired in the last 15 to 20 years.

Have we reached peak painting?

The article examines the enduring dominance of painting in the art world, despite repeated predictions of its demise. It cites record-breaking sales—Leonardo's *Salvator Mundi* ($450m), Jasper Johns's *Flag* ($110m), and Marlene Dumas's *Miss January* ($13.6m)—and highlights the upcoming Jenny Saville survey at the National Portrait Gallery in London. The Turner Prize shortlist includes painter Mohammed Sami, whose work *Poor Folk II* sold for $571,500 at Sotheby's, far exceeding estimates. Exhibitions like *Painting after Painting* at SMAK in Ghent and *R U Still Painting???* in New York explore how artists continue to use the medium, with curators and market figures affirming painting's resilience.

In Chelsea, Canal 47 and Max Levai Are Betting On Collaboration

New York gallery 47 Canal is relocating from SoHo to a 7,000-square-foot flagship at 529 West 20th Street in Chelsea, sharing the space with London dealer Max Levai. Founded by Oliver Newton and Margaret Lee in 2011, the gallery will maintain its own identity and exhibition program while coordinating schedules with Levai to create a more active environment. The renovated space, designed by IDSR Architecture, features two exhibition levels and will host longer exhibition runs, talks, performances, and events.

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.

michelangelo drawing sistine chapel christies new york

A five-inch-tall red chalk drawing of a foot, attributed to Michelangelo (1475–1564), is set to be auctioned at Christie’s New York in February with an estimate of $1.5–2 million. The work was discovered when Giada Damen, a specialist in Old Master drawings at Christie’s, flagged it from a public online submission; after extensive provenance research, technical analysis, and comparison with known sketches, Christie’s has declared it a preparatory study for the Sistine Chapel ceiling (1508–1512). If authenticated, it would be one of only two such Michelangelo drawings remaining in private hands.

Fair Warning Bets Big on a Banksy That Could Realize $18 Million

Fair Warning, the members-only online sales platform founded by former Christie's rainmaker Loïc Gouzer, is staging a rare live auction on May 20 at Tiffany & Co.'s flagship store in New York. The centerpiece is Banksy's *Girl and Balloon on Found Landscape* (2012), a work from the artist's 'Crude Oils' series that has never been publicly exhibited. Consigned by a private collector, the painting carries an ambitious estimate of $13 million–$18 million, one of the highest ever for a Banksy. Gouzer argues that Banksy is among the most consequential artists of our time, comparing his trajectory to Jean-Michel Basquiat, and sees this sale as a landmark moment for the artist's market.

Which Country’s Art Market Came Out on Top in 2025?

The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.

David Hockney’s First English Landscape Painting Heads to Sotheby’s London’s Auction Block

David Hockney’s 1965 painting "English Garden" is set to be auctioned at Sotheby’s London during its modern and contemporary evening sale on March 4. Estimated to fetch between £2.5 million and £3.5 million, the work is historically significant as the artist’s first foray into English landscape painting. Interestingly, Hockney painted the vibrant scene from memory and a photograph in American Vogue while he was living in Boulder, Colorado.