Art News. Vasari Codex

trending_up market schedule May 1, 2025 visibility 25 link 15 artists, 4 galleries

a tale of four cities

Artnet News and Morgan Stanley have released a report analyzing the global art auction market across four major cities—London, Paris, Hong Kong, and New York—over the period from 2013 to 2023. Total auction sales for the first half of 2024 fell to $5.05 billion, down from $7.17 billion in the same period of 2023. The report highlights a dramatic 49 percent decline in London's auction sales following the 2016 Brexit vote, while New York has maintained its dominant position, driven by blockbuster collections like those of Peggy and David Rockefeller and Paul G. Allen. Hong Kong saw growth until the Chinese property crisis in 2022, and Paris has gained ground post-Brexit, with sales up 30 percent over 2013.

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trending_up market schedule Oct 4, 2025 source 2 sources visibility 24 link 6 artists, 2 galleries

almine rech closes london gallery

Almine Rech is closing her London gallery in Mayfair after more than a decade, as reported by Melanie Gerlis in the Art Newspaper. The space, which opened in 2014 on Savile Row before moving to Grosvenor Hill, hosted exhibitions by artists including Javier Calleja, Chloe Wise, Jeff Koons, and Esther Mahlangu. Rech stated that London remains "important" to her and that she plans to open something in the city in the future, but offered no specifics. The London branch was put into liquidation, with Companies House filings indicating a £6.3 million deficit, though Rech said she owes no money to artists, workers, or suppliers and described the filing as a technical step to restructure a lease. Her gallery will continue operating its other eight locations across Paris, New York, Brussels, Shanghai, Monaco, and Gstaad.

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trending_up market schedule Dec 11, 2025 visibility 25 link 13 artists

ultra contemporary chinese artists market

The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.

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trending_up market schedule Jun 17, 2025 visibility 19 link 16 artists, 9 galleries

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.

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trending_up market schedule Sep 9, 2025 visibility 20 link 13 artists, 4 galleries

galerie gmurzynska to open in fuller building new york

Galerie Gmurzynska is relocating its New York operations to the historic Fuller Building at 595 Madison Avenue later this month. The gallery, which had been at 43 East 78th Street since 2018, will inaugurate its new space on September 16 with an exhibition of works by Joan Miró and Roberto Matta. The Fuller Building, an Art Deco landmark built between 1928 and 1929, was once a major hub for New York galleries, housing such notable dealers as Pierre Matisse, Charles Egan, André Emmerich, and Marlborough-Gerson.

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trending_up market schedule Mar 26, 2026 visibility 16 link 2 artists, 5 galleries

From Mallorca to St. Moritz, Art Fairs Are Meeting Collectors Where They Vacation

A new wave of high-end art fairs is targeting luxury vacation destinations like St. Moritz, Mallorca, and the Hamptons, moving beyond traditional market hubs. These events, such as the inaugural St. Moritz Art Week and Art on the Island in Mallorca, are strategically timed for the summer and winter holiday seasons to directly engage wealthy collectors during their leisure time.

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trending_up market schedule Oct 22, 2025 visibility 21 link 2 artists, 8 galleries

paris internationale debut milan edition spring 2026

Paris Internationale, the emerging art fair known for hosting independent galleries, announced it will launch a Milan edition in April 2026, just before its 11th edition opened in Paris. The fair, founded in 2015 by a group of independent galleries, plans to establish a lasting presence in Milan, with founder Nerina Ciaccia citing alignment with the fair's values and approach to the art market. The Milan edition is partly driven by Italy's recent reduction of VAT on art exchanges from 22% to 5%, making it more competitive than France's 5.5%. The fair has not yet secured a venue but intends to choose an architecturally historic location, continuing its nomadic tradition.

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trending_up market schedule Dec 18, 2025 visibility 25 link 6 artists, 7 galleries

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).

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trending_up market schedule Feb 2, 2026 visibility 10 link 2 artists

Who is Safeya Binzagr? Meet the Saudi artist who outsold Picasso

A painting by Saudi artist Safeya Binzagr, 'Coffee Shop in Madina Road' (1968), sold for $2.1 million at a Sotheby's auction in Riyadh, setting a new auction record for the artist. The sale price exceeded that of a work by Pablo Picasso sold at the same event, making it the third-highest price ever achieved for an Arab artist at auction in Saudi Arabia.

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trending_up market schedule Jul 3, 2025 visibility 18 link 3 artists, 3 galleries

Is the art world’s big summer break a thing of the past?

As the art market continues to experience softer demand for a third summer, galleries in the US and the Americas are rethinking the traditional August break. Dealers like Wendi Norris (San Francisco), Omayra Alvarado-Jensen (Instituto de Visión, Bogotá and Manhattan), Pali Kashi (Europa, New York), and Davida Nemeroff (Night Gallery, Los Angeles) describe varied approaches: some remain open to meet traveling collectors, others close for weeks to regroup, and many launch offsite pop-ups to maintain momentum. There is no industry consensus, with decisions shaped by geography, cultural heritage, and collector migration patterns.

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