fog design and art fair 2024

The FOG Design and Art Fair celebrated its 10th anniversary with a buoyant 2024 edition at San Francisco's Fort Mason Center, opening January 18. The fair saw brisk sales, including a Jim Hodges canvas sold for $115,000 at Gladstone Gallery and multiple works by Anicka Yi, Yayoi Kusama, Wolfgang Tillmans, and Ruth Asawa at David Zwirner. Tina Kim Gallery sold works by South Korean artists Kim Tschang-Yeul and Ha Chong-Hyun, as well as two Pacita Abad pieces, with one fetching $200,000 to $250,000. The San Francisco Museum of Modern Art (SFMOMA) acquired several works for its permanent collection via the FOG Forum Fund, including pieces by Maria Pergay, Duyi Han, and Katie Stout.

Marian Goodman’s Prized $65 Million Collection Lands at Christie’s

Christie’s has announced the sale of the private collection of the late legendary art dealer Marian Goodman, who passed away in January at age 97. Estimated to bring in approximately $65 million, the collection is headlined by a group of significant works by Gerhard Richter, an artist Goodman championed for four decades. The centerpiece of the auction is Richter’s 1982 painting "Kerze (Candle)," which carries a high estimate of $50 million and will lead a series of dedicated sales in New York this May.

Expo Chicago’s local focus pays off as Midwestern collectors, institutions buoy sales

The latest edition of Expo Chicago has reinforced its reputation as a curator-centric fair, with more than half of its booths dedicated to curated or thematic sections. Under the leadership of new director Kate Sierzputowski, the fair integrated institutional voices directly into the floor plan through sections like 'Embodiment,' curated by Louise Bernard of the Obama Presidential Center. This strategic focus on curation and local institutional ties resulted in strong early sales, including works by María Magdalena Campos-Pons, Torkwase Dyson, and Ambreen Butt, with several pieces acquired by American institutions.

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

sbi art auction modern legacy bloom now

SBI Art Auction is set to host a major two-day auction event in Tokyo this March, coinciding with Art Fair Tokyo. The first sale, "Modern Legacy," features a prestigious single-owner Japanese collection including masterpieces by Léonard Tsuguharu Foujita, Edvard Munch, and Egon Schiele. The second sale, "Bloom Now," focuses on contemporary and Pop art, highlighting works by Roy Lichtenstein and Takeda Teppei, with the combined events carrying a low estimate of JPY 1.25 billion ($7.9 million).

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

London Saw Few Auction Shakeups as Guarantees Steadied the Market

Christie’s marquee evening sales in London achieved a combined total of £197.5 million ($263.8 million), characterized by a steady, prearranged atmosphere rather than high-stakes drama. The auction house relied heavily on financial safety nets, with a 52 percent year-over-year increase in third-party guarantees ensuring the sale of 21 key lots. While the event featured a theatrical unveiling of a new rostrum designed by Sir Jony Ive, the actual bidding remained largely conservative and focused on blue-chip stability.

Renoir Not Seen in Public for 97 Years Will Go Up for Auction in May

A major portrait by Pierre-Auguste Renoir, "La femme aux lilas (Portrait de Nini Lopez)" (1876–77), will be sold at Christie's on May 18. The painting, which has been held privately by the Whitney Payson family for 97 years, is expected to fetch between $25 and $35 million.

Robert Rauschenberg Foundation Estate Sold to Florida Resort

The Robert Rauschenberg Foundation has sold the late artist’s twenty-two-acre estate on Captiva Island, Florida, to the neighboring South Seas resort for $45 million. The sale includes ten buildings, most notably Rauschenberg’s custom-built 8,000-square-foot studio and his historic "Beach House." While the resort plans to integrate the property into its operations and host art-related programming, the foundation cited escalating maintenance costs and environmental risks from climate change as the primary reasons for the divestment.

Marian Goodman Gallery to ‘Pause’ Operations in Los Angeles

Marian Goodman Gallery is suspending operations at its Los Angeles location after two and a half years, following the conclusion of Tacita Dean's solo show on April 25. The gallery's partners announced a consolidation of programming to its historic homes in New York and Paris, stating they will evaluate the space's future while maintaining an LA presence through art fairs, special projects, and museum exhibitions.

London’s Timothy Taylor to Close New York Outpost After a Decade

London gallery Timothy Taylor will close its New York outpost next month after nearly a decade of operation. The gallery cited current market conditions and the high costs of maintaining a second permanent space as reasons for the consolidation, though it will maintain an office and viewing room in the city.

Regional strength helps insulate Art Dubai from tariff-related turbulence

Art Dubai, running until 20 April, opened as the first major art fair since US President Trump announced global tariffs that nearly triggered a financial crisis. Sales were solid, with most works priced in the low six figures or thousands, insulating the fair from market anxieties. A divide emerged between regional SWANA galleries—which presented the strongest booths—and international galleries from the US, Europe, and Latin America, which seemed uncertain about what to bring. Notable sales included works by Rana Begum, Mehdi Ghadyanloo, Ali Cherri, and Shaikha Al Mazrou, while galleries like Sfeir-Semler, Vigo Gallery, and Experimenter reported strong results.

Hong Kong Marquee Art Sales Total $164.9 M., Up 18 Percent From Equivalent 2025 Auctions

Christie's, Phillips, and Sotheby's spring marquee auctions in Hong Kong generated a combined $164.9 million, an 18% increase from the equivalent sales in spring 2025. The auctions, strategically timed to coincide with Art Basel Hong Kong, saw strong demand for trophy works, with Christie's leading the season at $83.8 million. Key sales included a Gerhard Richter painting for $11.77 million and a Sanyu work for $8.17 million, while Sotheby's sold a Joan Mitchell painting for $17.6 million, the season's top lot.

Gladstone now represent The Estate of Anna Zemánková

Gladstone Gallery has announced its representation of The Estate of Anna Zemánková, a self-taught Czech artist known for her influential abstract works that explore psychological and spiritual realms. The gallery will collaborate with Cavin-Morris Gallery and plans to present a solo booth of Zemánková's work at TEFAF New York from May 14–19, 2026, following a spring 2025 exhibition in New York featuring her botanical drawings and works on paper. Zemánková, a key figure in Art Brut, created untitled, biomorphic works rooted in the subconscious, often compared to artists like Kunz and Hilma af Klint.

Alex Katz | Three Trees - 알렉스카츠 - Alex Katz Dancing with reality… (2018) | For Sale

This article is a sales listing for Alex Katz's 2018 silkscreen print "Three Trees - 알렉스카츠 - Alex Katz Dancing with reality… (2018)", offered by Frank Fluegel Gallery in Nuremberg, Germany. The work is a 20-color silkscreen print measuring 37 × 59 inches, part of a limited edition of 60, hand-signed by the artist and priced at $16,500. The listing includes details about the artist's background, his signature style of flat color planes influenced by advertising aesthetics and Pop art, and his exhibition history at major institutions worldwide.

Sotheby’s “Origins II” Results Suggest Saudi Collectors Are Prioritizing Legacy

Sotheby's second auction in Saudi Arabia, 'Origins II,' achieved a total of $19.6 million, nearly doubling its low estimate. The sale, held in Diriyah, saw strong demand for Saudi and MENA artists, with a third of works sold to local collectors, signaling a shift from the previous year's reliance on international blue-chip art.

Rothko Sells for $85.8 Million, Almost Surpasses Auction Record

Sotheby’s New York sold Mark Rothko’s painting *Brown and Blacks in Reds* (1957) for $85.8 million on Thursday, making it the second-highest price ever achieved for the artist at auction. The work, part of Rothko’s postwar Color Field series, was offered from the private collection of the late art dealer Robert Mnuchin, whose estate also included works by Willem de Kooning. The Mnuchin sale totaled $166.3 million, with de Kooning’s *Untitled* (1970) fetching $8.8 million and *Untitled XLII* (1983) reaching $10.2 million. Bidding lasted about four minutes, with the winning bid placed via phone with Helena Newman, chairman of Sotheby’s Europe.

africa art market shift

The 1-54 Contemporary African Art Fair in Marrakech saw a significant contraction in 2026, with participation dropping by over 25 percent to just 22 galleries. This decline coincides with the recent arrival of Art Basel in Doha, which is intensifying competition for galleries and collectors' attention across the MENASA region, forcing dealers to make strategic choices about which fairs to support.

Renowned Gallery Air de Paris Bankrupted, Closing This Week

Air de Paris, the Paris gallery known for its punk ethos and commitment to cutting-edge Conceptual art, will close this week after 36 years and more than 400 exhibitions, amid bankruptcy proceedings. Founded in Nice in 1990 by Florence Bonnefous and Edouard Merino, the gallery was named after Marcel Duchamp’s 50cc of Paris Air and became legendary for its inaugural show, “Les Ateliers du Paradise,” which featured artists living in the gallery and later influenced critic Nicolas Bourriaud’s theory of relational aesthetics. The gallery moved to Paris in 1994 and later to Romainville in 2019, showing artists such as Paul McCarthy, Raymond Pettibon, Liam Gillick, Pierre Huyghe, and Dorothy Iannone.

The Hole Gallery Sued Over Unpaid Back Rent

The Hole, a prominent contemporary art gallery founded by Kathy Grayson, has shuttered its West Hollywood location amid a wave of legal and financial troubles. Court filings reveal that the gallery faces multiple lawsuits for unpaid rent and real estate taxes across its Los Angeles and Manhattan outposts, with debts totaling over $180,000. Beyond real estate disputes, the gallery has been dogged by allegations of financial instability and delinquent payments to artists, including a 2019 lawsuit from artist Dan Lam regarding unpaid sales and damaged works.

Dalí Museum Acquires Dalí’s Largest Work: A Monumental Surrealist Ballet Set

The Dalí Museum in St. Petersburg, Florida, has acquired Salvador Dalí's largest known work, the monumental 1939 ballet set 'Décor de théâtre pour Bacchanale,' for €254,400 at a Bonhams auction. The work, over 20 meters high and 30 meters wide, consists of thirteen panels painted by Dalí as a backdrop for the Surrealist ballet 'Bacchanale' choreographed by Léonide Massine for the Ballets Russes de Monte-Carlo.

The Art Market Enters 2026 With Renewed Confidence and a Sharper K-Shape Divide

ArtTactic's Global Art Market Outlook 2026 report reveals renewed confidence in the art market, with 51% of participants expecting growth and 42% anticipating stability. Strong sales in London, Paris, and Miami Beach, along with multi-billion-dollar November auction results, have buoyed sentiment. The recovery is uneven but meaningful, driven by selective demand for established names: Impressionist art rose 80.4%, Modern art 19.4%, and Old Masters 68.7%. The K-shaped divide is sharpening, with robust performance at the top end (above $1 million) and accessible tiers (below $50,000), while the middle market remains sluggish. Top performers include Klimt, Picasso, Rothko, and Calder, while ultracontemporary artists like Nicolas Party and Matthew Wong have seen significant declines.

Robust Sales at Sotheby’s, Phillips Suggest Art Market Upswing

The May 19 evening sales at Sotheby’s and Phillips generated a combined $419.1 million, signaling a potential recovery in the contemporary and modern art market. Sotheby’s brought in $303.9 million—60% more than the previous year—led by a record-breaking $48.4 million Matisse, while Phillips achieved $115.2 million, more than double its 2025 sales. Both auctions saw high sell-through rates, with 98% and 100% of lots sold respectively. Notable lots included a $42.6 million Picasso, a $29.4 million van Gogh drawing, and strong performances by female artists like Lee Bontecou, Joan Mitchell, and Helen Frankenthaler.

Christie’s Auction Rakes in $1.1 Billion as Pollock Sells For Triple Record Price

Christie’s generated $1.1 billion in back-to-back evening sales on May 18, driven by record-breaking prices for major artworks. The top lot was Jackson Pollock’s 1948 drip painting *Number 7A*, which sold for $181.2 million with fees, tripling the artist’s previous auction record. Other highlights included Constantin Brancusi’s *Danaïde* (ca. 1913) at $107.6 million, Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* (1964) at $98.4 million, and Alice Neel’s *Mother and Child (Nancy and Olivia)* (1967) at $5.7 million. The sales featured works from the collections of S. I. Newhouse and Agnes Gund.

Online-Only Art Auctions Overwhelmingly Succeed in 2025

A new report from Artnet reveals that online-only auctions at Sotheby’s, Christie’s, Phillips, Bonhams, and Artnet Auctions generated $423.9 million in 2025, an 8% increase from 2024. The average price of artworks sold online also rose 8.6% to $14,309, with some platforms like Fair Warning finding success through hyper-specific sales, such as one centered on Andy Warhol’s 1974 portrait of Brigitte Bardot. Christie’s reported that 63% of new buyers made their first purchase online in 2025, where the average price point was $22,700.

Yves Saint Laurent–Owned Mirrors Shatter Record, Selling for $33.5 Million

A unique set of fifteen mirrors custom-made for fashion designer Yves Saint Laurent and his partner Pierre Bergé sold at Sotheby’s for $33.5 million, setting a new auction record for the artist Claude Lalanne. The gilt bronze, copper, and mirrored glass mirrors, created between 1974 and 1985, were originally displayed in the couple’s Paris apartment and were purchased from the collection of Jean and Terry de Gunzburg.

Jean-Michel Basquiat’s Crowns (Peso Neto)To Star in Sotheby’s Contemporary Art Evening Sale

Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* will headline Sotheby's Contemporary Evening Sale this November, carrying an estimate of $35–45 million—the highest ever for a Basquiat work from that year. The painting, never before offered at auction, debuted at Annina Nosei Gallery in 1982 and was later shown at documenta 7. It will be publicly exhibited in London, Paris, and New York before the sale, which coincides with the opening of Sotheby's new global headquarters in the former Whitney Museum's Breuer Building.

In Surprising Twist, ADAA Art Fair Will Now Benefit the Whitney Museum

The Art Dealers Association of America (ADAA) has named the Whitney Museum of American Art as the new philanthropic beneficiary of its annual fair at the Park Avenue Armory. This decision follows the ADAA's abrupt termination of a 30-year partnership with the Henry Street Settlement, a social services nonprofit that relied on the fair's preview gala for approximately $1 million in annual unrestricted funding. The new event, rebranded simply as the ADAA Fair, will direct its gala proceeds toward the Whitney’s educational and artistic programming.

artists market

Artnet News reports on how the recent art market downturn has severely impacted working artists, particularly those reliant on mid-tier galleries. Following a three-year contraction driven by higher interest rates and reduced spending, many galleries have closed or cut costs, leading to fewer exhibitions, delayed payments, and precarious incomes for artists. Some have been dropped by their galleries, while others have taken on second jobs or shifted toward corporate-sponsored public commissions. The article includes data showing low median earnings for artists in the U.S., Germany, and the U.K., and quotes gallerist Facundo Argañaraz on the stigma artists face when pivoting careers.