Art News. Vasari Codex

trending_up market schedule May 14, 2025 visibility 35 link 22 artists, 1 gallery

phillips modern contemporary 2025 evening sale report 1234742156

Phillips New York's modern and contemporary evening sale on Tuesday night generated $52 million, a 40 percent drop from the $86 million achieved in the same sale last year. The auction exactly met its pre-sale estimate, but five lots failed to sell and four were withdrawn. Despite the overall downturn, five new records were set for women artists, including Kiki Kogelnik, Ilana Savdie, Olga de Amaral, and Grace Hartigan. The top lot was Jean-Michel Basquiat's *Untitled* (1984) at $6.6 million, followed by works by Ed Ruscha and Donald Judd. Bidding was active for several works, with many going to US buyers, and a painting by Yu Nishimura, newly represented by David Zwirner, sold for more than double its estimate.

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trending_up market schedule Oct 29, 2025 visibility 22 link 7 artists, 6 galleries

taipei art week taiwan market review 1234758632

The second edition of Taipei Art Week has drawn a large crowd, anchored by Art Taipei—Asia's longest-running art fair—and the 14th Taipei Biennale. Galleries have raised their ambitions, with pop-up shows, talks, and collectors' parties filling the city. However, Taiwan's art market faces significant headwinds: art imports fell 15.2% in 2024, Ravenel's spring auction sales plummeted from $14.6 million in 2020 to $3.6 million in 2025, and Taipei Dangdai announced it would cease operations after its sixth edition. Geopolitical tensions with China have reduced Chinese collector participation and visitor numbers at the National Palace Museum.

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trending_up market schedule Jan 26, 2026 visibility 19 link 2 artists

art market minute jan 26 2740131

The article reports on a growing trend in the art world called a 'strategic pause,' where galleries and art fairs are temporarily suspending operations to reassess their futures. Vienna's Spark Art Fair announced a hiatus, Berlin dealer Mehdi Choukri is pausing exhibitions at his 30-year-old gallery, and the Art Dealers Association of America's Art Show skipped a year to 'reimagine' its direction. Additionally, the Metropolitan Opera in New York is considering selling its iconic Marc Chagall murals, and a fresh-to-market Magritte painting is heading to Christie's London.

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trending_up market schedule Jun 21, 2025 visibility 14 link 29 artists, 4 galleries

Global Art Market Report 2024–2025

The global art market saw total sales of $57.5 billion in 2024, a 12% decline year-on-year, marking the second consecutive annual drop. Transaction volumes rose 3% to about 40.5 million, driven by works under $50,000 which made up 85% of dealer sales. Sotheby's and Christie's together accounted for roughly half of global fine-art auction turnover, though both saw significant auction revenue declines. The United States led with 43% of global sales, while China's market share fell to 15%, its lowest since 2009. Online art sales grew to 18% of total value, and new buyer momentum was strong, with 44% of dealer buyers being new and 91% of high-net-worth collectors optimistic.

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trending_up market schedule Jul 17, 2025 visibility 17 link 13 artists

top auction results june 2025 2665014

The summer 2025 auction season concluded with total sales of $85.7 million, a significant drop from $105 million the previous year. The top lot, François-Xavier Lalanne's *Grand Rhinocrétaire II* (2003), sold for $16.42 million at Sotheby’s New York, far below last June’s $29 million top price. Other notable results include Tamara de Lempicka’s *La Belle Rafaëla* (1927) at $10.18 million, two Jean-Michel Basquiat works, and a strong showing by Jacek Malczewski’s *Reality* (1908) at Desa Unicum in Warsaw.

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