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trending_up market schedule Sep 18, 2025 visibility 18 link 7 artists, 8 galleries

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.

newspaper Cultured open_in_new Read original
trending_up market schedule Dec 30, 2025 visibility 17 link 2 artists

art world insiders 2026 market predictions new years 1234768290

Art world insiders share their predictions for 2026, anticipating a market rebound after a turbulent 2025 marked by gallery closures and tariff announcements. Key developments include the launch of new art fairs by Art Basel and Frieze in Qatar and Abu Dhabi, the return of the Whitney Biennial and Venice Biennale, and a surge in estate-driven sales as the Great Wealth Transfer accelerates. Experts note a revival of interest in Old Masters and classic taste, with collectors returning to bidding and galleries seeing renewed activity.

newspaper ARTnews open_in_new Read original
trending_up market schedule Jun 5, 2025 visibility 20 link 5 artists

sir joshua reynolds portrait inheritance tax 602312

The Tate in London has acquired a full-length portrait by Joshua Reynolds of the 5th Earl of Carlisle (1748–1825) through the UK's Acceptance in Lieu scheme, which allows art to be transferred to the nation in place of inheritance tax. The painting, valued at $6.1 million (£4.7 million), was painted in 1769 and had hung at Castle Howard in North Yorkshire for over 200 years. It will remain on public display there but will also travel to other venues including Tate Britain.

newspaper Artnet News open_in_new Read original
trending_up market schedule Jun 17, 2025 visibility 8 link 3 artists

sothebys picasso ceramics 313160

Sotheby's London held a 'white glove' sale of 126 one-of-a-kind ceramics by Pablo Picasso, all from the collection of his granddaughter Marina Picasso. The auction achieved a 100% sell-through rate, generating £12.3 million ($19.4 million), with the top lot—a painted goat-shaped vase titled *Cabri* (circa 1947)—selling for £485,000, nearly quadrupling its estimate.

newspaper Artnet News open_in_new Read original
trending_up market schedule Jul 2, 2025 visibility 10 link 1 gallery

hauser amp wirth owners relocate switzerland from uk 1234746659

Iwan and Manuela Wirth, owners of the global art gallery Hauser & Wirth, have relocated their permanent residency from the United Kingdom to Switzerland, where the gallery’s holding company is based. The move was registered in documents filed with Companies House this month, and the gallery confirmed to the Financial Times that the decision was for personal reasons, unrelated to tax law changes. Despite the relocation, the Wirths plan to open a new London location in 2026, and their UK gallery reported a 13 percent drop in turnover to £144 million in 2023.

newspaper ARTnews open_in_new Read original

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