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hauser wirth uptown sale jens hoffmann project wet paint 2638685

Hauser & Wirth has sold its Upper East Side townhouse at 32 East 69th Street for $10.5 million to a developer, ending a decades-long presence in the neighborhood. The property, purchased in the 1990s as a family residence, was renovated by architect Annabelle Selldorf and later used as gallery space from 2009, hosting exhibitions by artists like Pope.L, Anna Maria Maiolino, Luchita Hurtado, and Arshile Gorky. Gallery co-founder Iwan Wirth cited a shift in the family's center of gravity to Chelsea and the business's expansion downtown with new locations on West 18th Street and Wooster Street in SoHo.

The Business of KAWS: What Data and a Museum Show Reveal About His Market

The San Francisco Museum of Modern Art (SFMOMA) is currently hosting a major survey of KAWS, marking the final stop of a three-city tour that highlights the artist's unique blend of commercial savvy and institutional ambition. The exhibition features a range of works from diamond-encrusted sculptures for Kid Cudi to a 'genius' membership drive that sold 1,000 KAWS-branded museum memberships at $300 each. Despite a significant cooling in his auction results—dropping from a 2019 peak of $112.9 million to just $7.72 million last year—the artist continues to draw massive crowds, particularly among younger demographics.

institut restellinis amedeo modigliani catalogue raisonne 1234776379

Marc Restellini’s Institut Restellini is set to release a definitive six-volume catalogue raisonné for Amedeo Modigliani after four decades of research. The publication, which includes 100 newly authenticated works, utilizes a rigorous methodology combining advanced scientific analysis—such as spectrometry and carbon-14 dating—with traditional stylistic evaluation and archival documentation. To mark the launch, Pace Gallery will host events in London and New York in April.

abu dhabi art 2025 scene frieze sales 1234763435

Abu Dhabi Art (ADA) held its final edition at Manarat Al Saadiyat before transitioning into a Frieze franchise in November 2025. The fair featured 53 new galleries, a Focus sector highlighting art scenes from Nigeria, Turkey, and South Asia, and a new Emerge section offering discounted booth prices for works under $3,000 to attract emerging collectors. The shift comes as Abu Dhabi’s cultural landscape moves beyond its iconic Saadiyat Island museums—Louvre Abu Dhabi, Zayed National Museum, and Guggenheim Abu Dhabi—toward more grassroots ventures like the MiZa warehouse district, which hosts experimental spaces such as MamarLab and Iris Projects. Mega-gallery Pace returned after a 14-year absence, citing renewed energy in the Gulf market.

sothebys to host major sale in abu dhabi larry gagosian talks discreet art dealing curator flees thailand over arrest fear and more morning links for september 25 2025 1234753625

Sotheby's will host a landmark exhibition in Abu Dhabi on October 1-2, 2025, at the Bassam Freiha Art Foundation, showcasing masterworks by Vincent van Gogh, Paul Gauguin, Frida Kahlo, Edvard Munch, René Magritte, and Camille Pissarro, collectively valued at $150 million. This marks the first public fine art exhibition ever staged by Sotheby's in Abu Dhabi and the most valuable presentation the auction house has held in the Middle East. Separately, Larry Gagosian discussed the art market recession at Puck's Art of Influence conference, noting that private sales are rising as collectors shy away from auction houses. Other news includes controversy over Cai Guo-Qiang's performance in Tibet, a curator fleeing Thailand over arrest fears, and declining sales at Sydney Contemporary.

nada new york independent art fairs sales report 1234741712

Two major New York art fairs—NADA New York and Independent—opened this week alongside Frieze and TEFAF, marking a crowded spring fair season. Despite a recent market downturn, both fairs reported strong attendance and early sales. NADA's executive director Heather Hubbs noted high-quality visitors and positive feedback on the new venue, while Independent founder Elizabeth Dee cited a 20% increase in opening-day attendance and robust buying from collectors and institutions. Sales ranged from lower-priced works under $50,000 to six-figure transactions, with galleries like Vielmetter Los Angeles, Andréhn-Schiptjenko, and Fleisher/Ollman Gallery reporting significant sales.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

2026 asian art market preview 2737112

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.

top 5 art market minute podcast episodes 2025 2728773

Artnet News published a roundup of the top five episodes of its podcast 'Art Market Minute' from 2025, hosted by Margaret Carrigan. The episodes cover key industry topics: whether artists still need galleries, how to build professional relationships in the art world, the rising market value of Jack Whitten's work, the impact of AI on the art market, and the wave of high-profile gallery closures reshaping the trade. Guests include Sonia Manalili, Brooke Lampley, Naomi Rea, Eileen Kinsella, Jo Lawson-Tancred, and Katya Kazakina.

Is Hong Kong Back? The GRAND PRIX de Basel 2026

Hong Kong’s art scene experienced a massive surge of activity in March 2026, anchored by Art Basel Hong Kong and Art Central. The city hosted 240 galleries at the main fair, drawing over 91,000 visitors, alongside numerous boutique fairs, auction previews, and major institutional exhibitions. Highlights included a reassembled 1964 Yayoi Kusama installation at Art Intelligence Global, a lecture by Zhang Xiaogang at Asia Art Archive, and a poignant solo show by artist duo Chow and Lin at SC Gallery.

Philadelphia Is Rich With Museums and Galleries. ‘Elsewhere’ Aims to Find Out If It Can Support an Art Fair

Philadelphia gallerist Megan Galardi is launching a new art fair called Elsewhere, set to debut June 4–6 at the Yowie Hotel on South Street. The fair will feature 27 exhibitors from cities including London, New York, and Philadelphia, with seven local dealers such as Fleisher/Ollman, Blah Blah Gallery, and Fjord. Galardi, who founded Blah Blah Gallery in 2023 and has participated in small New York fairs like Spring/Break and Future Fair, designed Elsewhere as a boutique, hotel-based event that offers a lower-cost, more intimate alternative to large-scale art fairs.

olga de amaral appraisal 2653746

Art advisor Naomi Baigell recalls that when she managed Prudential's corporate art collection in the late 1980s and 1990s, executives refused to hang textile works by Colombian-born artist Olga de Amaral, preferring abstract paintings instead. Now 93 and still working, Amaral is experiencing a major market and institutional renaissance: the Institute of Contemporary Art in Miami is hosting a solo show of her work (through October 12), her pieces are included in MoMA's "Woven Histories" exhibition, and she has been represented by Lisson Gallery since 2019. In 2025, her auction performance has been stellar, with a new record of $1.16 million set in May for *Imagen perdida 27* (1996) at Phillips New York, and total sales of $4.07 million as of June.

almine rech closes london gallery 1234755425

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.

nada miami 2025 strong early sales 2723076

NADA Miami 2025 opened at Ice Palace Studios with strong early sales and a buoyant mood, as crowds streamed through the aisles on Tuesday morning. Dealers reported brisk business, with Polina Berlin selling multiple works by artists including Tamo Jugeli, Parmen Daushvili, and Casey Bolding, while Charles Moffett sold ten paintings by Kenny Rivero. The fair, hosting around 140 exhibitors, saw participation from galleries like Deanna Evans Projects, Alice Amati, and Gladwell Projects, with many dealers expressing relief and confidence after a multi-year contraction in the art market.

marquee art sales fall 2025 christies sothebys phillips 1234761496

Christie's, Sotheby's, and Phillips are holding their marquee fall 2025 sales in New York next week, with an unusually high volume of inventory. Christie's alone will offer 80 works on Monday night, and across the week 27 lots carry estimates above $10 million—a stark contrast to the tepid May sales. The season is top-heavy, with the $2 million–$5 million range considered the trickiest. Notable consignments include the estate of Leonard Lauder and the collection of Stefan Edlis and Gael Neeson, while many discretionary sellers remain absent. Day sales feature works with significant price drops, such as a Steve Parrino painting last sold for nearly $1 million now estimated at $300,000–$500,000, and an Avery Singer work that sold for $3 million in 2022 now estimated at $600,000–$800,000. Several pandemic-era speculative purchases are also returning to market at steep discounts.

ole faarup collection christies sale doig ofili 1234749450

Christie’s will host a single-owner sale of the contemporary art collection of Danish businessman Ole Faarup in October, featuring works by Peter Doig, Chris Ofili, Jean-Michel Basquiat, and others. The sale, estimated at up to £22 million, is anchored by two major Doig paintings—Country Rock (1998–99) and Ski Jacket (1994)—and Ofili’s Blossom (1997). Proceeds will fund the newly formed Ole Faarup Art Foundation, which aims to promote Danish art internationally and bring international works to Danish museums.

jeff koons split rocker lacma resnicks 1234746066

Lynda and Stewart Resnick have donated a monumental Jeff Koons sculpture, *Split-Rocker*, to the Los Angeles County Museum of Art (LACMA). The 37-foot-tall work, made of a metal skeleton and planted with 50,000 flowers, resembles a hybrid toy head—half rocking horse, half dinosaur. It will be installed near a new group of galleries endowed by trustee David Geffen. The Resnicks listed an unnamed piece given to LACMA on their 2023 tax filings valued at $9.6 million. The donation is part of director Michael Govan’s long-term plan to add another major sculpture to LACMA’s campus, alongside works like Chris Burden’s *Urban Light* and Tony Smith’s *Smoke*.

marlene dumas record women artist christies sale 1234742355

Marlene Dumas set a new auction record for the most expensive living female artist when her 1997 painting *Miss January* sold for $13.6 million at a Christie’s evening sale. The work, featuring a nude woman with a ghostly white face, was pre-sold with a third-party guarantee. Other women artists also broke personal records that night, including Simone Leigh (sculpture for $5.7 million) and Emma McIntyre (painting for $201,000). However, the top five priciest works of the week were all by men: Claude Monet, Pablo Picasso, Alberto Giacometti, René Magritte, and Piet Mondrian, with Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* selling for $47.6 million.

Inside ‘Prince of Prints’ Jordan Schnitzer’s Sprawling Collection

Jordan Schnitzer, the Portland-based philanthropist often called the 'Prince of Prints,' recently provided a rare tour of his massive 50,000-square-foot art warehouse. The facility utilizes a sophisticated 'floating bin' logistics system, similar to those used by major retailers, to manage over 22,000 works, including extensive holdings by Andy Warhol, Joseph Beuys, and Richard Prince. Schnitzer’s foundation operates as a lending library, frequently shipping works to museums and hosting educational tours for students from districts where arts funding has been eliminated.

la louver gallery closes venice huntington archive donation 1234751979

LA Louver, one of Los Angeles's longest-running galleries, is closing its physical space in Venice, California, after 50 years and shifting to private dealing. The gallery, founded in 1975 by Peter and Elizabeth Goulds, has shown artists including Marcel Duchamp, David Hockney, Ed Ruscha, and Doris Salcedo, mounting over 660 exhibitions. The Venice space will host select exhibitions by appointment, while the gallery will focus activities on a private warehouse in LA's West Adams neighborhood. The Huntington library, museum, and botanical garden will receive LA Louver's archive of photography, correspondence, and documents.

art world italy gallery boom

Austrian art dealer Thaddaeus Ropac is opening a new gallery in Milan, his seventh location, despite initial concerns over Italy's high value-added tax (VAT) on art, which was Europe's highest at 22 percent. The Italian government slashed the VAT to 5 percent in June after pressure from art market players, making it the lowest in the EU. The gallery, spanning over 3,000 square feet in the 18th-century Palazzo Belgioioso, opens on September 20 with a show featuring Georg Baselitz and Lucio Fontana, followed by exhibitions of Valie Export and Ketty La Rocca. Elena Bonanno di Linguaglossa will serve as executive director.

‘The challenge will be to sustain it’: was the autumn art market boom more than just a blip?

The autumn art market saw a significant upturn, with strong sales at Frieze London, Art Basel Paris, and New York auctions, including a $236.4 million Klimt and a $2.2 billion auction week in New York—up 77% year-on-year. Emerging London galleries like Ginny on Frederick, Rose Easton, and A. Squire have reinvigorated Frieze London, while Paris benefits from luxury-house funding, with the Fondation Cartier and Fondation Louis Vuitton hosting major shows. However, concerns persist about sustainability, as geopolitical volatility and post-Brexit challenges continue to affect the market.

Mon oncle d’Amérique

Art Basel Paris officially opened on October 22, 2024, with a new VIP tier called 'Avant-Première' granting early access to favored collectors. The fair saw a shift in mood from socializing to business-focused transactions, with multimillion-dollar works on offer, including a Gerhard Richter painting reportedly sold for over $20 million by Hauser & Wirth. Pre-fair events included dinners hosted by Marian Goodman for artist Paul Sietsema, gallery openings at Salon 94's new Palais-Royal space, and a VIP evening at the Musée d'Orsay for a Bridget Riley exhibition. American galleries and collectors dominated the week's parties, with events by David Zwirner, Gladstone, and others.

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).

peter paul rubens drawing attribution klaas muller 1234769375

Belgian art dealer Klaas Muller has identified a previously unattributed oil-on-paper study as a work by Flemish master Peter Paul Rubens, titled "Bearded old man, looking down to his left" (ca. 1609). Muller purchased the piece for under €100,000 at a lesser-known northern European auction house three years ago, where it was listed as an unknown artist from the "Flemish school." After recognizing the bearded figure as Saint Thomas from Rubens's "Apostolado Lerma" series at the Prado, Muller commissioned research from art historian Ben van Beneden, former director of Rubenshuis, who confirmed the work's exceptional quality and likely attribution to Rubens. The study also features a ghostly woman's face visible when turned upside down, reflecting Rubens's playful reuse of materials.

david zwirner benefit exhibition raises 1 million ali forney center 1234766485

David Zwirner gallery in New York hosted a four-day benefit exhibition titled “Toward the Light: Artists for the Ali Forney Center,” which raised $950,000 for the Ali Forney Center, a nonprofit supporting queer youth with housing, education, job training, and medical care. Curated by art adviser Stephen Truax, the show featured 37 artists, including Ross Bleckner, Marlene Dumas, Jenna Gribbon, Julie Mehretu, and Wolfgang Tillmans, and generated $1.2 million in sales, with artists receiving $250,000 and the gallery waiving its commission. Truax, who previously co-organized smaller editions with Sotheby’s, shifted to a gallery partnership to gain more control over sales and pricing, more than doubling his initial $350,000 fundraising goal.

artnews celebrates 2025 top 200 collectors issue 1234754498

On September 18, ARTnews celebrated the 2025 edition of its annual Top 200 Collectors list with a launch party at the newly opened Faena New York in Chelsea. The event was cohosted by collectors Beth Rudin DeWoody and Miyoung Lee, both trustees of the Whitney Museum. ARTnews Editor-in-Chief Sarah Douglas introduced the hosts, highlighting DeWoody's role as a supportive art patron and Lee as a representative of a younger generation of collectors. Other Top 200 Collectors in attendance included Michael Ovitz, Lonti Ebers, Lisa Goodman, Rodney Miller, Pete Scantland, and James Keith “JK” Brown and Eric Diefenbach. The evening featured a performance by pianist Arsha Kaviani, Cognac from LOUIS XIII, wines from Rioja, luxury perfumes from Xerjoff, and photo cards from Chubb.

abu dhabi to host most expensive art exhibition staged by sothebys in the middle east valued at 150 m 1234753618

Abu Dhabi will host the most expensive art exhibition ever staged by Sotheby's in the Middle East on October 1 and 2, valued at approximately $150 million. The exhibition features six masterpieces by Vincent van Gogh, Paul Gauguin, Frida Kahlo, René Magritte, Camille Pissarro, and Edvard Munch, sourced from major private collections including those of Leonard A. Lauder, Cindy and Jay Pritzker, and Matthew and Kay Bucksbaum. It takes place at the Bassam Freiha Art Foundation on Saadiyat Island Cultural District and marks Sotheby's first public fine art show in the UAE, ahead of its Abu Dhabi Collectors' Week in November.

The Venice Biennale has long been a sales platform—now no one is pretending otherwise

The Venice Biennale, traditionally a government-subsidized non-commercial institution where sales were downplayed, is experiencing an unprecedented open embrace of commerce. For the first time, Christie's is hosting an invitation-only selling exhibition in Venice, offering works ranging from Old Masters like Lucas Cranach to Modern and contemporary giants such as Andy Warhol, Louise Bourgeois, and Mark Bradford, with prices from $500,000 to over $35 million. Dealers, auction houses, and private foundations are openly pricing and selling works to collectors, spurred partly by Italy's reduced 5% VAT rate on art imports, now Europe's lowest.

Brooklyn Museum Treasures, History-Making Guitars—and More Collectibles to Watch

The Brooklyn Museum is deaccessioning approximately 200 objects from its collection, including American furniture, artworks, and textiles, through a sale hosted by Brunk Auctions on April 9. Highlights include a rare circa 1690 walnut dressing table, estimated at $80,000–$120,000, and a late 17th-century oak cupboard. The museum states the sale is part of an ongoing effort to convert storage spaces into galleries and that proceeds will fund collection care and new acquisitions.