Art News. Vasari Codex

trending_up market schedule Dec 2, 2025 visibility 16 link 10 artists, 1 gallery

simon de pury art market confidence

The article reports on the upcoming Art Basel in Miami Beach and the improved mood in the art market, driven by strong auction results. Sotheby's emerged as the clear winner over Christie's in the fall 2024 auctions, achieving over $2.2 billion in total sales across Sotheby's, Christie's, and Phillips. Key consignments included the Leonard Lauder Collection, featuring a record-making Klimt, a Frida Kahlo that became the highest-selling work by a woman artist, and Maurizio Cattelan's golden toilet. The article credits Sotheby's move into the Breuer building—formerly home to the Whitney, the Met, and the Frick—for enhancing the presentation and aura of the previews.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 22, 2025 visibility 32 link 27 artists, 3 galleries

kenny schachter new york fair auction recap

Kenny Schachter's article for Artnet News draws a parallel between President Jimmy Carter's 1977 energy-crisis plea to lower thermostats and the current art-market response to Trump-era tariff turmoil. He reports that the spring 2025 auction cycle generated $1.25 billion, continuing a decade-long decline from the 2014 peak, with bidders spending less and big-ticket sellers stuck. Schachter also promotes his own no-reserve auction, "Hoarder #6," scheduled for July 8–17 at Phillips, and critiques Trump's economic policies and crypto ventures, name-dropping Justin Sun as a major holder of $Trump tokens.

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trending_up market schedule May 1, 2025 visibility 23 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 Apr 10, 2026 visibility 19 link 8 artists, 2 galleries

SP-Arte underscores Latin America’s resilient rise amid global market recalibration

The 22nd edition of SP-Arte has opened at São Paulo’s Oscar Niemeyer-designed pavilion, featuring over 180 galleries and design studios. While global art markets face a period of recalibration, the Latin American sector—and Brazil in particular—is reporting significant growth, including a 21% year-on-year increase in sales for Brazilian dealers according to the latest Art Basel and UBS report.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 15, 2026 visibility 11 link 25 artists, 5 galleries

'Reflection of resilience': Art Dubai's war-postponed edition opens to healthy sales

Art Dubai's 20th anniversary edition opened at Madinat Jumeirah after being postponed from April to May due to the US-Israel war in Iran and regional missile threats. Around 75 exhibitors dropped out, leaving roughly 50 participants, mostly from the region. The fair was reorganized in just eight weeks under executive director Benedetta Ghione and new director Dunja Gottweis, who created a new floor plan in a day and a half. The scaled-back format includes an embedded digital section, and initial sales have been strong, with works by Samira Badran, Mostafa Al Hallaj, Safeya Sharif, Alyazia Al Nahyan, Roudhah Al Mazrouei, and Nabil Anani selling at prices ranging from $3,500 to $360,000.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Feb 12, 2026 visibility 27 link 11 artists

sothebys royal academy of art sale

Sotheby's will auction ten works donated by Royal Academicians during its London spring sales to raise funds for the financially struggling Royal Academy of Arts. The sale, with a cumulative high estimate of £2.6 million, includes major works by El Anatsui, Sean Scully, William Kentridge, Tony Cragg, Georg Baselitz, Anish Kapoor, Mimmo Paladino, and Jeff Koons.

newspaper ARTnews open_in_new Read original

trending_up market schedule Feb 4, 2026 visibility 26 link 16 artists, 2 galleries

ken griffin basquiat stephen friedman gallery

London's Stephen Friedman Gallery is facing serious financial difficulties, with its 2024 financial reports overdue and its 2023 accounts revealing a loss of £1.7 million. The gallery, which recently expanded with a large new London space and a New York outpost, is reliant on external financing and negotiations with creditors to continue operating, casting significant doubt on its future viability.

newspaper Artnet News open_in_new Read original

trending_up market schedule Nov 19, 2025 visibility 25 link 18 artists, 1 gallery

the art market has lost its grip on price

Former Sotheby's rainmaker Brooke Lampley, now a director at Gagosian, discusses the art market's loss of control over pricing, citing a failed $70 million Alberto Giacometti bust at auction as a symptom of deeper market confidence issues. The article traces the evolution of art pricing from opaque, dealer-driven norms to a data-rich system enabled by Artnet's Price Database in 1989, which fueled a price spiral and attracted speculators. Now, in 2025, the market faces a correction with auction sales down 27.3 percent to $10.2 billion, and buyers are pausing as traditional pricing signals become scrambled.

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trending_up market schedule Apr 20, 2026 visibility 28 link 1 artist, 1 gallery

Art Transport Hobbled and Prices Surging in Asia Amid US and Israel’s War in Iran

The ongoing conflict involving the United States, Israel, and Iran has severely disrupted the global art logistics network, particularly in Asia. A report in the Art Newspaper details soaring costs and shipping delays, with international air freight for fine art spiking up to 300% due to increased oil prices. Some exhibitions, like a Per Kirkeby show in China, have opened with fewer works, and shipments for Art Basel Hong Kong were stuck at sea for over a month. Shippers are now considering alternative routes, such as the China-Europe Railway Express, to mitigate delays and costs.

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trending_up market schedule Mar 17, 2026 source 2 sources visibility 18 link 3 artists

Rare Letter Reveals Cash-Strapped Monet Once Put His Paintings Up as Collateral

A rare 1875 letter from Claude Monet, up for auction on March 25, reveals the artist secured a 1,000-franc loan by pledging 35 of his paintings as collateral. The document details his agreement to repay the loan from the proceeds of a future sale, listing specific works including the later-famous 'La Japonaise,' and highlights his persistent financial desperation during this period.

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trending_up market schedule Feb 23, 2026 visibility 31 link 12 artists, 4 galleries

get up stand up artists jamaica los angeles auction

CORE and TBA21 Thyssen-Bornemisza Art Contemporary are launching "Get Up Stand Up: Artists for Jamaica and Los Angeles," a high-profile benefit auction scheduled for February 26 during L.A. Art Week. The event features over 20 works by major contemporary artists including Henry Taylor, Hank Willis Thomas, and Nari Ward, with a live sale led by auctioneer Simon de Pury. Proceeds will fund long-term recovery efforts following Hurricane Melissa in Jamaica and recent wildfires in Los Angeles, as well as CORE’s ongoing emergency response work.

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trending_up market schedule Apr 6, 2026 visibility 45 link 5 artists, 4 galleries

Overdue payments to artists, landlords and workers at a popular gallery reflect pressures squeezing the dealer sector

The Hole, a prominent gallery with locations in New York and Los Angeles, is facing significant financial distress characterized by shuttered spaces and mounting legal disputes. Following a period of rapid expansion fueled by the 2021–2023 art market boom, the gallery has permanently closed its West Hollywood location and is currently facing multiple lawsuits from Manhattan landlords alleging over $180,000 in unpaid rent and taxes. Founder Kathy Grayson attributes the crisis to a sharp decline in sales starting in late 2023, which has left the gallery struggling to pay artists, staff, and creditors.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 29, 2025 visibility 19 link 7 artists, 2 galleries

3 key insights from the art business conference new york

The sixth edition of the Art Business Conference took place in Midtown Manhattan on May 22, drawing over 200 art professionals including gallery staff, auction-house specialists, and lawyers. Chaired by former Artnet executive editor Julia Halperin and founded by Louise Hamlin, the event featured keynotes and panels addressing the state of the art market, legal challenges, and the impact of tariffs. Christie’s CEO Bonnie Brennan reported a $700 million haul from recent auctions, noting a thin top end but strong activity for female Surrealists and Simone Leigh sculptures. Advisors Megan Fox Kelly and Alex Glauber described the market as 'recalibrating' rather than in crisis, with buyers showing increased selectivity.

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trending_up market schedule Feb 23, 2026 visibility 25 link 12 artists, 3 galleries

New York Historical receives gift of 150 works by Indigenous artists

The New York Historical has received a landmark gift of 150 contemporary and historical works by Indigenous artists from Agnes Hsu-Tang, the chair of its board of trustees, and her husband Oscar Tang. The collection features major figures such as Fritz Scholder, Jaune Quick-to-See Smith, and Cara Romero, spanning various media including ceramics and textiles. This acquisition represents the most significant gift of Native art to a New York institution since the founding of the Museum of the American Indian.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Dec 31, 2025 visibility 27 link 33 artists, 10 galleries

Observer’s 2025 Art Market Recap: Recovery After a Year of Recalibration

After a turbulent start marked by gallery closures and market contraction, the art market in 2025 rebounded decisively, driven by a secondary-market surge in high-quality consignments. Major auction houses reported strong year-end results: Sotheby's projects $7 billion in consolidated sales (up 17%), Christie's expects $6.2 billion (up 7%), and Phillips reported $927 million (up 10%). Key sales included the $272 million Leonard & Louise Riggio collection at Christie's, the $527.5 million Lauder collection at Sotheby's (led by a $236.4 million Gustav Klimt), and the $136 million Karpidas sales. The year began quietly but gained momentum after summer, with deep bidding and strategic pricing driving a 26% increase in Sotheby's auction revenue and an 11% overall rise in fine art sales across Old Masters, Impressionist, Modern, Post-War and Contemporary categories.

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trending_up market schedule Dec 19, 2025 visibility 21 link 6 artists, 2 galleries

Van Gogh in 2025: Record prices, memorable shows and the first Korean acquisition

The article reviews the Van Gogh year in 2025, highlighting several key developments. The Van Gogh Museum in Amsterdam faces potential closure unless the Dutch government increases its annual building subsidy from €8.5m to €11m, leading the museum to file a legal complaint. At auction, two Van Gogh paintings sold, with "Parisian Novels" (1887) fetching $62.7m at Sotheby's, a record for his Paris period, and eight drawings were sold, including "Sower in a Wheatfield with setting Sun" (1888) for $11.2m. Acquisitions included "Tarascon Stagecoach" (1888) given to LACMA via the Henry and Rose Pearlman Foundation, and "Head of a Peasant" (1885) bought by Korean-born gallery owner Hong Gyu Shin, marking the first known Van Gogh acquisition by a Korean.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Sep 7, 2025 visibility 23 link 24 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.

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trending_up market schedule Apr 18, 2025 visibility 17 link 13 artists, 14 galleries

Regional strength helps insulate Art Dubai from tariff-related turbulence

Art Dubai, running until 20 April, opened as the first major art fair since US President Trump announced global tariffs that nearly triggered a financial crisis. Sales were solid, with most works priced in the low six figures or thousands, insulating the fair from market anxieties. A divide emerged between regional SWANA galleries—which presented the strongest booths—and international galleries from the US, Europe, and Latin America, which seemed uncertain about what to bring. Notable sales included works by Rana Begum, Mehdi Ghadyanloo, Ali Cherri, and Shaikha Al Mazrou, while galleries like Sfeir-Semler, Vigo Gallery, and Experimenter reported strong results.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Oct 15, 2025 visibility 28 link 13 artists, 3 galleries

Everyone’s a winner, baby: prizes abound during Frieze London

During Frieze London, multiple acquisition prizes and awards were announced, including the Tate Frieze Fund (supported by a private patron) which purchased works by Lubna Chowdhary and Barbara Walker for £150,000. The inaugural Nicoletta Fiorucci Foundation Prize was awarded to Alex Margo Arden, while the Arts Council Frieze Acquisitions Fund grew to £90,000, acquiring works by Sarah Ball, Olu Ogunnnaike, Vanessa Raw, and Liorah Tchiprout. Other acquisitions included works by Michael Landy and Shaquelle Whyte for the Walker Art Gallery, and the Camden Art Centre Emerging Artist Prize went to Bogdan Ablozhnyy. Offsite, the Circa 2025 prize was won by Adham Faramawy for a film addressing the migration crisis.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Jun 16, 2025 visibility 22 link 14 artists, 1 gallery

National Gallery of Canada receives gift of 61 works valued at $16.8m

Canadian collector and businessman Bob Rennie has donated 61 works valued at C$22.8 million ($16.8 million) to the National Gallery of Canada (NGC) in Ottawa. The gift, which took 18 months to plan, includes pieces by Yinka Shonibare, Mona Hatoum, Rodney Graham, Ai Weiwei, and others. It surpasses Rennie’s previous record donation of C$13 million in 2017 and brings his total contributions to the NGC to over C$35 million, comprising more than 260 works since 2012. Rennie, a longtime patron of the National Gallery of Canada Foundation, emphasized his approach of collecting artists in depth rather than for momentary sensation.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Apr 20, 2026 visibility 16 link 2 artists, 1 gallery

US-Israel war on Iran disrupts art transport routes as prices surge

The ongoing US-Israel war on Iran has severely disrupted global art logistics, causing oil prices to surge and key shipping routes to close. Air freight costs for fine art have skyrocketed by 70% to 300%, and critical corridors like the Strait of Hormuz have become impassable, leaving exhibitions stranded at airports and shipments stuck at sea.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Mar 9, 2026 visibility 18 link 10 artists, 1 gallery

artists auction palestine charity london eno devlin goldin

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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trending_up market schedule Apr 14, 2026 visibility 36 link 5 artists

Which Country’s Art Market Came Out on Top in 2025?

The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.

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trending_up market schedule Nov 25, 2025 visibility 20 link 14 artists, 1 gallery

The Surreal Economics of the Contemporary-Art Market

A conceptual artwork titled "Comedian" by Maurizio Cattelan, consisting of a banana duct-taped to a wall, sold at auction for over $6 million to billionaire Justin Sun. This sale occurred amid widespread speculation that the contemporary-art market has peaked, with global art sales dropping 12% in 2024. However, a painting by Marlene Dumas defied the trend, fetching $13.6 million and setting a record for a living female artist. The article explores the bewildering economics of the art market, featuring insights from economist Canice Prendergast and journalist Bianca Bosker, who describe a market where prices seem divorced from traditional logic.

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trending_up market schedule Apr 24, 2025 visibility 18 link 9 artists, 2 galleries

Comment | Trims to Sotheby's African Modern and contemporary art department are just one unwelcome sign for this previously healthy market

Sotheby's has disbanded its dedicated African Modern and contemporary art department, a move that comes as auction sales in the category plummeted 45% in 2024 to $43.9 million, according to an ArtTactic report. The department, launched in 2016 with specialist Hannah O'Leary from Bonhams, was a major boost for the sector, but its small sales totals made it vulnerable during Sotheby's wider cost-cutting. O'Leary will now integrate African art into broader contemporary and Modern auctions, while other houses like Bonhams and Strauss continue to hold dedicated sales, focusing increasingly on 20th-century artists.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Feb 4, 2026 visibility 20 link 1 artist, 3 galleries

Stephen Friedman Gallery goes into administration after 30 years

Stephen Friedman Gallery, a prominent London-based contemporary art gallery, has entered administration and closed its doors after 30 years in business. The gallery had recently expanded, opening a new space in New York and moving to larger premises in London, but financial strain from construction costs, rent, and a downturn in the art market led to its collapse. The gallery's closure was confirmed just as Art Basel Qatar opened, where its planned solo booth was taken over by the represented artist's estate and another gallery.

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trending_up market schedule Mar 22, 2026 visibility 17 link 2 artists

What the Art Market Still Gets Wrong About Next-Gen Collectors

Art market expert Georgina Adam's new book, 'NextGen Collectors and the Art Market,' analyzes the industry's struggle to attract and retain younger buyers like millennials and Gen Z. She examines the difficulty in defining this demographic, their shifting tastes away from traditional blue-chip artists, and their volatile, less loyal market behavior.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jul 15, 2025 visibility 18 link 3 artists, 2 galleries

french art galleries struggle amid wavering art market survey reveals

A survey by market researcher Iddem, conducted among the Professional Committee of Art Galleries (CPGA), reveals that 85% of French gallery owners are pessimistic about the art sector's economic outlook in 2025. Turnover among French galleries dropped 6% in 2024, while the global art market fell 12% per the UBS Art Basel 2025 report. Philippe Charpentier, new CPGA president, told Le Monde the market has regressed to 2010 levels, with one-fifth of dealers reporting sales declines of over 20%. France also struggles to attract young collectors, unlike Asian markets where buyers average in their thirties, according to CPGA vice president Magda Danysz.

newspaper ARTnews open_in_new Read original

trending_up market schedule Dec 16, 2025 visibility 17 link 6 artists, 1 gallery

artists market

Artnet News reports on how the recent art market downturn has severely impacted working artists, particularly those reliant on mid-tier galleries. Following a three-year contraction driven by higher interest rates and reduced spending, many galleries have closed or cut costs, leading to fewer exhibitions, delayed payments, and precarious incomes for artists. Some have been dropped by their galleries, while others have taken on second jobs or shifted toward corporate-sponsored public commissions. The article includes data showing low median earnings for artists in the U.S., Germany, and the U.K., and quotes gallerist Facundo Argañaraz on the stigma artists face when pivoting careers.

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trending_up market schedule Sep 26, 2025 visibility 17 link 15 artists, 5 galleries

New chapter for Artbo: Colombia’s art market finds resilience amidst flux

The 21st edition of Artbo, Colombia's premier art fair, opened in Bogotá with 46 galleries, down from its peak a decade ago. The fair is framed by the inaugural Bogotá Biennial, which adds international draw, and a leadership change: Jaime A. Martínez, an art historian and former gallerist, takes over from María Paz Gaviria. Early sales include works by Tania Candiani, Marcelo Moscheta, and Ximena Garrido-Lecca, with galleries reporting cautious but engaged Colombian collectors.

newspaper The Art Newspaper open_in_new Read original