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trending_up market schedule Sep 7, 2025 visibility 26 link 21 artists, 10 galleries

The Storm Hits the Art Market

The article reports on the severe downturn in the art market during the first half of 2025, focusing on the closure of New York-based Clearing gallery. Despite opting out of Art Basel to host an alternative exhibition in a rented villa to cut costs, the gallery could not survive its financial losses and announced bankruptcy in August. It is one of several prominent galleries—including Blum, Venus Over Manhattan, and Kasmin—that have closed amid falling sales, high overheads, and reduced collector spending.

newspaper Artnet News open_in_new Read original
trending_up market schedule Aug 27, 2025 visibility 19 link 9 artists, 3 galleries

Rising dealer Sebastian Gladstone expands in LA—what’s behind his success?

Sebastian Gladstone, a rising art dealer, is expanding his namesake gallery in Los Angeles with a new 3,200-square-foot space in Hollywood, opening on 13 September. The move comes despite a broader trend of gallery downsizing, and follows a successful showing at Frieze Los Angeles, where he placed a work with the Los Angeles County Museum of Art. Gladstone, who launched the gallery in 2020, now operates bicoastally with a Tribeca outpost and plans to focus on quality over quantity, including representing the estate of abstract painter Herman Cherry.

newspaper The Art Newspaper open_in_new Read original

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