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The Los Angeles art scene is navigating a complex recovery as it prepares for Frieze Los Angeles 2026. The city is grappling with the lingering trauma of devastating wildfires that destroyed significant private collections, alongside economic instability caused by massive layoffs in the entertainment industry and recent political unrest. This combination of environmental and financial crises has led to a notable market downturn, resulting in the closure of several high-profile galleries including Blum, Tanya Bonakdar, and Sean Kelly.

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.

at miami basel dealers notch seven figure sales digital art draws crowds

Art Basel Miami Beach opened its VIP preview on Wednesday with strong early sales, including multiple seven-figure deals. Major galleries like Hauser & Wirth, White Cube, Gladstone, and Pace reported significant sales, with a $3.9 million George Condo painting leading the pack. The fair introduced a new digital-art section called Zero 10, featuring works by Beeple, which drew large crowds. Collectors such as Craig Robins, Mera and Don Rubell, Norman Braman, and Beth Rudin DeWoody were among the early attendees, and the event featured high-profile works by Jeff Koons and Maurizio Cattelan.

yves klein blue painting christies paris

Christie’s has secured a monumental Yves Klein painting, *California (IKB 71)*, for its October 23 sale in Paris. Measuring 14 feet wide, it is the largest format the artist ever made in his signature International Klein Blue (IKB) and carries an estimate of €16–25 million ($18–29 million). The work was created in 1961 and has a newly uncovered provenance: after being shown in Los Angeles at Virginia Dwan’s gallery, it stopped in New York for an exhibition with dealer Leo Castelli before returning to Paris. It has been in a New York collection since 2005 and was on long-term loan to the Metropolitan Museum of Art from 2005 to 2008.

$102 Million Verdict Over Robert Indiana Artwork May End Years-Long Legal Battle

A Manhattan federal jury awarded $102 million in damages to the Morgan Art Foundation in its lawsuit against art publisher Michael McKenzie, finding him guilty of making and selling unauthorized Robert Indiana artworks. The verdict, delivered on April 23, follows a complex legal battle that began just before Indiana's death in 2018, involving accusations of exploitation, fraud, and copyright infringement. McKenzie and caretaker Jamie Thomas were also accused of taking advantage of the elderly artist. The case has cast doubt on the authenticity of some late Indiana works and affected his market, with his auction record remaining at just over $4 million since 2011.

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The FOG Design+Art fair in San Francisco opened with a glitzy preview gala at Fort Mason Center, serving as a fundraiser for SFMOMA's education initiatives. VIP tickets started at $10,000 for the first hour, and by 7 p.m., the event filled to capacity as prices dropped to $250. Dealers reported a different energy this year, partly due to the recent Los Angeles wildfires affecting many participating galleries. Sales were strong, with New York dealer Ales Ortuzar selling multiple works by Suzanne Jackson in the first few hours. Local collector Sonya Yu, a recent ARTnews Top 200 listee, highlighted the resilience and sophistication of the Bay Area art community.

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The article examines the narrative that figurative painting died and made a comeback, arguing instead that it never truly disappeared. It traces the art market's pendulum swing from zombie formalism around 2014 to a surge in figurative painting by 2015, fueled by collectors seeking new, affordable works to flip quickly. The piece highlights emerging painters like Gina Beavers, Mira Dancy, Jamian Juliano-Villani, and Greg Parma Smith, and notes that the boom created auction stars whose prices later crashed, as reported in a 2024 New York Times article.

Ed Ruscha | A Particular Kind Of Heaven (1983) | Art & Prints

Ed Ruscha's 1983 work "A Particular Kind Of Heaven" is being offered at auction through Tate Ward, with current bidding at £100. The piece is an exhibition poster from the Fine Arts Museums of San Francisco, measuring 61 x 92 cm, and is part of Tate Ward's Urban and Contemporary Art London sale. The listing also shows multiple other Ruscha works available from various sellers, including posters and prints from EHC Fine Art Auction, Blond Contemporary, and Baldwin.

john alvin movie poster archive sale

The estate of movie poster artist John Alvin is seeking a single buyer for his entire archive of over 1,000 pieces, including original posters, sketches, and illustrations from the 1970s through the 1990s. The collection, stewarded by his widow Andrea Alvin since his death in 2008, features iconic work for films like E.T., The Lion King, and Blade Runner.

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.

anne imhof sculpting bronze

Anne Imhof, the German artist known for her provocative multimedia performances, is presenting new bronze relief sculptures at the TEFAF art fair (May 9–13) at New York's Park Avenue Armory, the same venue where her performance "DOOM: House of Hope" recently premiered. The works, which debuted in her 2024 exhibition "Wish You Were Gay" at Kunsthaus Bregenz, mark a shift from her signature tech-infused performances to sculptural forms inspired by ancient Greek friezes and Renaissance reliefs. Priced at €250,000 each, the bronzes depict intertwined nude figures, skulls, animals, and apocalyptic imagery, reflecting themes of love, death, and the afterlife.

Hoffnung auf Rekorde bei Auktionen in New York

New York's major auction houses, Sotheby's and Christie's, are gearing up for their spring sales with high-value consignments from prominent collections. Sotheby's will auction Mark Rothko's "Towering Brown and Blacks in Reds" (1957), estimated at up to $100 million, from the estate of investment banker Robert Mnuchin. Christie's is offering works from the collection of the late gallerist Marian Goodman, including Gerhard Richter's "Kerze" (1982) valued at up to $50 million and "Mohn" (1995) around $15 million, alongside pieces from the estates of publisher S. I. Newhouse and collector Agnes Gund, with a Constantin Brâncuși sculpture and a Jackson Pollock painting each estimated at $100 million, and another Rothko at $80 million.

Shepard Fairey "RAGE" Fine Art Screenprint Street Contemporary Obey Giant , 2021

Contemporary street artist Shepard Fairey’s 2021 screenprint titled "RAGE" has been listed for sale via New Union Gallery on the Artsy platform. The work, a limited edition screenprint on fine art paper measuring 12 by 12 inches, is part of an edition of 250 and is hand-signed and numbered by the artist.

Shepard Fairey Projection Mirror: ICE Paid Agitator Screenprint Contemporary Art Obey Giant , 2026

Street artist Shepard Fairey has released a new limited-edition screenprint titled "Projection Mirror: ICE Paid Agitator" as part of his "FUCK ICE" series. The artwork features inflammatory rhetoric previously used by the Trump administration, redirected toward U.S. Immigration and Customs Enforcement (ICE) to highlight what the artist describes as the agency's pervasive brutality and dehumanizing attacks on immigrants. A portion of the proceeds from the sale of these prints will benefit the Coalition for Humane Immigrant Rights (CHIRLA).

‘The government understands what is at stake’: Italian art world weighs in on tax cut at Artissima

The Italian parliament reduced VAT on art sales from 22% to 5%, the lowest rate in Europe, a move announced by Prime Minister Giorgia Meloni's government. The tax cut was celebrated at the 30th anniversary dinner of the Fondazione Sandretto Re Rebaudengo in Turin, where politician Federico Mollicone noted it had been over 30 years in the making. The contemporary art fair Artissima, holding its 32nd edition in Turin, became the first Italian fair to test the new tax policy. Italian dealers reported positive effects, including easier deal closures and increased sales to both Italian and European collectors, with some galleries experiencing their best opening day ever.

Tefaf New York: determination in the face of Trump’s tariff chaos

Tefaf New York returns to the Park Avenue Armory with 91 exhibitors from four continents, presenting 7,000 years of art amid uncertainty caused by President Donald Trump's recently announced tariff regime. The fair's director, Leanne Jagtiani, sent a letter to exhibitors acknowledging the "significant impacts" on the industry, assuring them of close communication with shippers and legal advisers, and advocating for the exclusion of artworks from potential EU reciprocal tariffs. While artworks are understood to be exempt, antiques and contemporary works in unconventional materials may be subject to the new tariffs, creating confusion among dealers and collectors.

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A group of high-profile artists including Es Devlin, Brian Eno, Nan Goldin, and Grayson Perry are donating works for a London-based charity auction to support humanitarian aid in Palestine. Organized by Choose Love, Gideon Berger Studio, Hope 93 Gallery, and dealer Zayna Al-Saleh, the sale will benefit the Together For Palestine Fund. The auction features a diverse range of media, from Grayson Perry’s ceramics to Nan Goldin’s photography, and will be accompanied by a public exhibition at Hope 93 Gallery from March 26 to April 9.

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London's National Gallery has acquired a mysterious altarpiece painted by an unknown artist around 1510, paying £16.4 million ($21.8 million) for the work titled *The Virgin and Child with Saints Louis and Margaret*. The painting, arranged via a private sale by Sotheby's and funded by the American Friends of the National Gallery London, features unusual details including a uniquely expressive dragon beneath baby Jesus's feet, playful angels, and subtle symbolic references. The acquisition marks the museum's bicentennial and will go on public display on May 10 in the rehung Sainsbury Wing.

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A Banksy painting from his 2005 'Crude Oils' exhibition sold for £4.3 million ($5.5 million) at Sotheby’s Modern and Contemporary Evening Auction in London. The work, *Crude Oil (Vettriano)*, came from the collection of Mark Hoppus, co-founder of the pop-punk band Blink-182, who acquired it in 2011. The painting reimagines Jack Vettriano’s *The Singing Butler*, replacing the idyllic beach scene with environmental pollution, including hazmat-suited workers and a sinking container ship. The sale occurred shortly after Vettriano’s death at age 73.

Christie’s presents Post-War to Present as a highlight of its London Summer Season - Christie's

Christie’s has announced its London Summer Season, running from June to August 2025, with the Post-War to Present sales as a central highlight. The season includes live and online auctions, selling exhibitions such as 75 Years of New Contemporaries and Modern British Art: A Selling Exhibition, and cultural partnerships. Key auction highlights include Lynette Yiadom-Boakye's '8pm Zaragoza' (estimate £500,000–700,000), Victor Man's 'The Chandler' (estimate £300,000–500,000), and works by David Hockney, Cecily Brown, KAWS, and Georg Baselitz. The live sale takes place on 26 June, with online bidding from 17 June to 1 July.

Two Sales at Christie's

Deux ventes chez Christie's

Christie's in Paris is hosting two significant sales featuring masterpieces from the legendary Veil-Picard collection, which had been largely inaccessible to the public and scholars for decades. Highlights include a perfect Watteau drawing unseen on the market since 1900 and two major Hubert Robert paintings commissioned by the famed salonnière Madame Geoffrin, offering a rare glimpse into 18th-century Parisian interiors.

Selling Collectibles Is Big Business. Heritage Auctions’s Joe Maddalena Says It’s Just Getting Started

Heritage Auctions achieved a record $2 billion in sales in 2025, driven by explosive growth in the collectibles market. CEO Joe Maddalena highlights the sustained and increasing global demand for categories like sports memorabilia, comic books, trading cards, and vintage toys, noting that money previously focused on traditional art is now consistently flowing into these areas.

This ‘Star Wars’ C-3PO Head Just Netted $1 Million at Auction

An original C-3PO head prop from the 1980 film *The Empire Strikes Back* sold for $1 million at a Propstore auction in Los Angeles. The piece, the only original head remaining on the collector's market, features functional lighting eyes and was created from molds of actor Anthony Daniels. It exceeded its high estimate of $700,000.

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Frank Frazetta's iconic painting *Conan the Berserker* (1967) is being auctioned at Heritage Auctions with an opening bid of $10 million. The work, originally created for the cover of the 1967 paperback *Conan the Conqueror*, has become one of the definitive images of the fantasy hero. This year alone, five Frazetta paintings have sold for over $1 million, including *Man Ape* (1966) which fetched $13.5 million in September. The artist's total sales volume was just $674,640 in 2018, according to the Artnet Price Database.

star wars painting auction record price

The original painting for the 1977 Star Wars movie poster, created by artist Tom Jung, sold for $3.9 million at Heritage Auctions, becoming the most expensive object associated with the Star Wars franchise to date. The acrylic and airbrush artwork served as the half-sheet poster for Star Wars: Episode IV – A New Hope and features a triangular composition of characters like Luke Skywalker, Princess Leia, and Darth Vader. The painting was consigned by Melissa, daughter of producer Gary Kurtz, and surpassed the previous record for movie poster art.

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Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

‘Everyone's suffering right now’: New York and Los Angeles gallery Clearing will close

Clearing, the influential New York and Los Angeles gallery that launched the careers of many prominent artists, will close both locations. Founder Oliver Babin announced the closure on August 7, citing crushing overhead costs—rent, shipping, and art fair expenses—that outpaced declining revenue. The gallery opened in 2011 in Bushwick, later moved to the Bowery in Manhattan in 2023, and expanded to Brussels and Los Angeles. Babin described the decision as inevitable, noting that the gallery had been kept alive by hope but now faces no viable path forward. The closure follows a wave of US gallery shutdowns this summer, including Kasmin, Venus Over Manhattan, and Tim Blum’s spaces.

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A Star Wars painting by illustrator Tom Jung, used as the original half-sheet poster for *Star Wars: Episode IV – A New Hope* (1977), sold for $3.88 million at a Heritage Auctions sale of Hollywood memorabilia in Dallas. Consigned by the family of film producer Gary Kurtz, the work first appeared in national newspapers on May 13, 1977, and later became the film’s official promotional image. The sale broke the previous record for a Star Wars object, surpassing the $3.6 million paid for Darth Vader’s lightsaber prop.

Why former Sotheby's chief executive Tad Smith is bullish on blockchain art

Former Sotheby's CEO Tad Smith, who led the auction house from 2015 to 2019, has emerged as a prominent supporter of blockchain art. The article traces his connection to artist Robert Alice, who first encountered Smith while working as a porter at Sotheby's. Alice, a pioneer in NFT art, sold the first NFT through a major auction house at Christie's in 2020. Now, his blockchain-based painting BLOCK 1 (24.9472° N, 118.5979° E) from the Portraits of a Mind series is being offered at Sotheby's with an estimate of $600,000 to $800,000. Smith, who owns another work from the series, is not the consignor or guarantor but expresses hope the sale will promote Alice's work, Bitcoin, and Sotheby's, particularly among younger generations.

National Gallery spends £16m on altarpiece by unknown artist

The National Gallery in London has purchased a 500-year-old altarpiece, *The Virgin and Child with Saints Louis and Margaret and Two Angels*, for £16.4 million from an anonymous owner. The painting, created between 1500 and 1510, is of unknown authorship—experts cannot agree whether the artist was Netherlandish or French, with candidates including Jan Gossaert and Jean Hey. The oak panel was felled around 1483, and the work was first documented at the priory of Drongen in Ghent in 1602. It was sold through Sotheby’s with support from the American Friends of the National Gallery London and had been kept at the Lulworth Estate in Dorset, home of the Weld family.