Art News. Vasari Codex

trending_up market schedule Jun 19, 2025 visibility 24 link 27 artists, 10 galleries

art basel 2025 major works sales

Art Basel 2025 opened in Basel, Switzerland, with nearly 300 leading galleries showcasing high-value artworks despite a turbulent art market. Major works include a Gerhard Richter abstraction (1987) at David Zwirner, priced around $30 million, a Ruth Asawa hanging sculpture sold for $9.5 million, and Picassos at Pace and Helly Nahmad Gallery, with the latter's *Femme nue couchée jouant avec un chat* (1964) listed at $28 million after fetching $21.2 million at auction two years ago. The fair runs through Sunday, offering rare opportunities to view and purchase blue-chip pieces.

newspaper Artnet News open_in_new Read original

trending_up market schedule Apr 23, 2025 visibility 14 link 2 artists, 1 gallery

billionaire art collector ken griffin us eroding brand

Billionaire art collector and Citadel CEO Ken Griffin stated that the United States is “eroding” its brand due to economic policy changes during President Donald Trump’s first 100 days. Speaking at Semafor’s World Economy Summit on April 23, Griffin warned that the reputation and creditworthiness of US Treasuries are at risk, citing recent tariff-driven sell-offs of government bonds. He expressed concern about policy volatility undermining the goal of reshoring manufacturing and noted that investors using the euro as a reference have lost 20% of their value in four weeks. Griffin also voiced support for DOGE, the Department of Government Efficiency led by Elon Musk, which has recommended cuts to the National Endowment for the Humanities.

newspaper ARTnews open_in_new Read original

trending_up market schedule Apr 27, 2026 visibility 29 link 11 artists, 6 galleries

6 Black-owned Galleries Placing Artists in Major Museum Collections

Six Black-owned galleries—Mariane Ibrahim Gallery, Gallery Guichard, Galerie Myrtis, Richard Beavers Gallery, and Jenkins Johnson Gallery—are profiled for their success in placing artists into major museum collections. Each gallery has built institutional relationships that lead to acquisitions by museums such as the Baltimore Museum of Art, the Metropolitan Museum of Art, the Museum of Fine Arts, Boston, and the Bronx Museum, often retaining artists through the placement stage to capture long-term market value.

newspaper Shoppe Black open_in_new Read original

trending_up market schedule Sep 19, 2025 visibility 11 link 6 artists, 3 galleries

Picasso or Bitcoin? How art’s status is changing among the super-rich

Christie's and Sotheby's reported nearly flat first-half 2025 sales of $2.1bn and $2.2bn respectively, with Christie's 20th/21st-century art sales down 2% but luxury up 29%. The Mei Moses Art Index shows over 50% of auction lots sold at negative compound annual returns, which analyst Michael Moses calls 'the worst overall financial performance in the 21st century.' Meanwhile, Bitcoin, gold, and stocks have significantly outperformed art, with BlackRock's Bitcoin ETF alone attracting $84bn—far exceeding the global art market's total value. A record $43.9m Canaletto sale to a Bezos-linked buyer underscores that top-tier works still command attention, but the broader trend suggests wealthy investors are prioritizing financial returns over art as a status symbol.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Nov 14, 2025 visibility 13 link 3 artists

andrew wolff artnet artsy future

Andrew Wolff, CEO of Beowolff Capital, has acquired Artnet and a controlling stake in Artsy, positioning himself as a key consolidator in the digital art market. In an interview tied to his inclusion in the Observer's “Art Power Index,” Wolff outlined plans to integrate data across platforms, develop AI-native tools, and create a seamless ecosystem for discovery, valuation, and transaction, aiming to empower younger collectors who favor networked, permissionless access over traditional gatekeepers.

newspaper ARTnews open_in_new Read original