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Days before a Louise Nevelson sculpture was to be auctioned at Sotheby’s in May 2022, Pace Gallery founder Arne Glimcher declared the work inauthentic, claiming it was assembled by the artist’s son, Mike, rather than by Nevelson herself. The consigner, the estate of collector Hardie Beloff, has now sued Pace Gallery in US District Court for Eastern Pennsylvania, alleging that Glimcher deliberately sabotaged the sale to protect Pace’s control over Nevelson’s market. The lawsuit centers on Glimcher’s call to Sotheby’s, where he warned the work would not be included in a forthcoming catalogue raisonné, and on a 1993 appraisal in which he had valued the same sculpture at $85,000 without questioning its authenticity.

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Many artists are rethinking traditional gallery representation, seeking not just sales but also help with copyrights, visibility, and partnerships. Flexible co-representation arrangements are on the rise, with major galleries like Hauser & Wirth launching initiatives like Collective Impact to co-represent rising artists alongside their smaller founding galleries. Some artists are joining agencies or representing themselves, driven by social media's past ability to build direct collector relationships, though its power has recently declined due to algorithm changes.

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Artnet and Morgan Stanley have released a comprehensive analysis of the photography auction market spanning 2005 to 2024. The report reveals that while the volume of photography lots sold has more than doubled over two decades, the total annual sales value has remained largely stagnant, rising from $113.4 million in 2005 to $116.9 million in 2024. When adjusted for inflation, this represents a significant 36.7 percent decline in market value, with average prices for photographs dropping by over 50 percent during the same period.

How This Cannabis CEO Brings an Edge to Art Collecting

How This Cannabis CEO Brings an Edge to Art Collecting

A cannabis industry CEO is applying the aggressive, data-driven tactics of his business to the art market, building a significant collection focused on underrepresented artists. Steve DeAngelo, co-founder of Harborside Inc., leverages his company's analytical approach to identify value and emerging trends, targeting works by artists of color, women, and LGBTQ+ creators that he believes are undervalued by the traditional market.

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Li Hei Di, a young Chinese-born painter based in London, has emerged as one of the most closely watched artists in the ultra-contemporary market despite its recent downturn. Since joining Pace Gallery in September 2024 as its youngest artist, Li's works have appeared at auction 12 times, with eight sales in Hong Kong. Nearly every lot has exceeded expectations, often doubling or tripling high estimates. A standout was the painting *There Was One Summer Returning Over and Over; There Was One Dawn I Grew Old Watching* (2023), which sold at Sotheby's Hong Kong for HK$2.67 million—more than double its high estimate—setting a new auction record. Auction specialists and dealers emphasize that Li's market reflects a slow, sustained buildup rather than a speculative spike, with bidding and buying activity spanning Asia, Europe, and the United States.

Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

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The Phillips Collection in Washington, D.C., is proceeding with plans to auction major works by Georgia O'Keeffe, Arthur Dove, and Georges Seurat at Sotheby's on November 20, despite sharp backlash from former curators, members of the Phillips family, and the museum's non-governing members body. The works—including O'Keeffe's *Large Dark Red Leaves on White* (estimate $6–8 million), Seurat's conté crayon drawing ($3–5 million), and Dove's *Rose and Locust Stump* ($1.2–1.8 million)—are considered central to founder Duncan Phillips's vision. Director and CEO Jonathan Binstock argues the proceeds will fund a permanently restricted endowment for commissioning new work by living artists, acquisitions, and collection care, aligning with Duncan Phillips's belief in supporting contemporary practitioners.

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A Wade Guyton artwork (2007) that was forfeited by Inigo Philbrick's business partner Robert Newland failed to sell at Sotheby's New York in late March 2025, carrying an estimate of $200,000 to $300,000. The same piece had previously sold for $208,000 at a U.S. Marshals Service auction in Texas in August 2023, a steep decline from its $490,000 sale at Sotheby's in 2015. Another Guyton from the same forfeiture—a 2018 piece owned by Philbrick himself—sold for $215,100 at the Texas auction, representing a 65% drop from its 2018 Christie's Paris sale of €535,500 (about $625,000). The article also notes a curious discrepancy: the Texas auction catalog listed a Phillips auction house label on the 2007 Guyton, but Phillips does not appear in the work's provenance, and Philbrick was known to do business with Phillips.

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The Ashmolean Museum in Oxford has raised $4.48 million ($5.8 million) to acquire Fra Angelico's early Renaissance painting "The Crucifixion with the Virgin, Saint John the Evangelist, and the Magdalen" (1420s). The work had been in a private British collection for two centuries and was nearly sold to a foreign buyer until the U.K. government imposed an export deferral in January 2024, giving time for a domestic buyer to step in. The acquisition was completed via a private treaty sale at a discounted price, funded by over 50 donors including chairman Lord Lupton, the National Heritage Memorial Fund, Art Fund, and the Headley Trust.

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The National Portrait Gallery in London and the J. Paul Getty Museum in Los Angeles have jointly acquired Joshua Reynolds's 1776 painting *Portrait of Omai* for an estimated £50 million ($62 million). This marks the first time museums in the UK and US have partnered on a single acquisition, with each institution paying half and sharing ownership of the artwork, which will be displayed alternately in both countries. The painting depicts Mai (Omai), a young Tahitian man who visited Britain in 1774 with explorer James Cook, and had never before been held in a museum collection.

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Paula Tsai, a key figure in Asia's art market, discusses the evolving landscape of collecting in the region, focusing on mainland China and Korea. She notes a surge of new buyers from China, many of whom are young entrepreneurs, while the Korean market remains more mature and stable. Tsai addresses the impact of tariffs on importing art, particularly for Chinese collectors, but asserts that passionate collectors will continue to buy, adjusting timing rather than abandoning purchases. She also highlights the growing Thai market and the complexity of the Chinese market, where established collectors are cautious but new entrants keep activity high.

Art Brussels 2025 Is Keeping Up with Its European Art Fair Cousins

Art Brussels returned for its 41st edition from April 24-27, 2025, at Brussels Expo Hall on the Heizel Plateau in Laeken, Belgium. The fair featured 165 galleries from 35 countries, 38% of which were first-time exhibitors, showcasing works by over 800 artists across five curated sections: Prime, Solo, Discovery, '68 Forward, and Invited. New initiatives included The Screen, a curated video art section selected by KANAL-Centre Pompidou’s Eliel Jones and filmmaker Alex Reynolds, and Monumental Artworks, a large-scale sculpture section curated by Carine Fol. Highlights included works by Kai-Chung Chang, Guy Van Bossche, Mircea Suciu, Bendt Eyckermans, and others, alongside a special edition of the Belgian Art Prize marking its 75th anniversary.

Italy Acquires Caravaggio's Barberini Portrait

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The Italian Ministry of Culture has acquired a rare Caravaggio portrait of Maffeo Barberini, the future Pope Urban VIII, for €30 million ($35 million). The late 16th-century masterpiece, which had been hidden in a private collection for decades, will now reside permanently at Rome’s Palazzo Barberini. The acquisition follows a successful short-term loan and extensive technical analysis that confirmed the work's authenticity.

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The estate of movie poster artist John Alvin is seeking a single buyer for his entire archive of over 1,000 pieces, including original posters, sketches, and illustrations from the 1970s through the 1990s. The collection, stewarded by his widow Andrea Alvin since his death in 2008, features iconic work for films like E.T., The Lion King, and Blade Runner.

Artists Zadie Xa and Dominic Chambers contribute works to Art of Wishes auction raising funds for critically ill children

The Art of Wishes charity auction, founded in 2017 by Batia Ofer, is holding its fifth gala in October 2025 at the Chancery Rosewood in London. Artists Zadie Xa and Dominic Chambers have contributed works: Xa's 'Worlding (2025)' (estimate £30,000-£50,000) and Chambers' 'In Safe Keeping (2025)' (estimate £50,000-£70,000). Other consignments include pieces by Ron Arad and Deborah Azzopardi. The 22 works will be viewable at Phillips auction house in London from 9-12 October and online. The auction has raised over £13 million for Make-A-Wish UK since 2017, granting over 5,000 wishes to critically ill children.

Meet the Lawyer-Turned-Dealer Opening a Jewel-Box Gallery Uptown—and More Juicy Art World Gossip

Artnet News's Wet Paint column reports that former David Zwirner director Felix Rödder is opening his own gallery, Rodder (no umlaut), on September 18 at 22 East 80th Street on the Upper East Side, in the same building as Sprüth Magers. The jewel-box space, formerly Barbara Mathes Gallery, will debut with a solo show of sculptural paintings by Wyatt Kahn. Rödder, a lawyer-turned-dealer, plans to mix contemporary programming with historical exhibitions, keeping overhead low and avoiding art fairs for now. The column also teases a mention of Aby Rosen's involvement in the New York mayoral race.

Embracing independence: meet the artists giving galleries a swerve

A growing number of artists are bypassing traditional galleries to sell their work directly to collectors, a trend that echoes pre-19th-century practices when artists like Michelangelo and Rembrandt dealt directly with patrons. High-profile examples include Damien Hirst's 2008 Sotheby's auction that raised £111.4m without dealer commissions, Banksy's Pest Control system, and Marina Abramović's independent collaborations during Frieze Week and at Glastonbury. Emerging and mid-tier artists, such as Bristol-based Matthew Callaby, are also selling via Instagram and organizing their own pop-up shows, often keeping more profit than the typical 50% gallery commission.

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Private Client Select (PCS), an insurance partner for serious art collectors, highlights the growing complexity of protecting fine art and collectibles. The article details unusual but real claims—such as a conceptual artwork mistaken for trash, a fiber work unraveled by a cat, or a sculpture damaged by a housekeeper—alongside more common risks like climate damage, transit mishaps, and theft. PCS's Art Services team, led by Senior Vice President Muys Snijders, offers proactive risk management, coordinating conservators, appraisers, and storage solutions. Emerging threats include climate change (wildfires, floods), social media exposure, financial complexities (tariffs, collateral lending), and material degradation of contemporary works using nontraditional materials.

Basquiat's 'Museum Security' to Headline Sotheby's May 2026 Contemporary Evening Auction

Jean-Michel Basquiat’s monumental 1983 painting 'Museum Security (Broadway Meltdown)' is set to headline Sotheby’s Contemporary Evening Auction in May 2026. Estimated to fetch in excess of $45 million, the work is appearing at auction for the first time in over a decade. Before the sale, the canvas will undergo a global tour with stops at the Breuer building in New York, Hong Kong, Los Angeles, and London.

How the Acquavella Family Controls the Matisse Market

The Acquavella family has solidified its position as the primary gatekeeper of the Henri Matisse market, leveraging decades of relationships with the artist's heirs and a deep inventory of blue-chip works. By maintaining a near-monopoly on the most desirable secondary market pieces and providing expert authentication guidance, the gallery dictates pricing and availability for one of the 20th century's most valuable artists.

Comment | Galleries are looking to merch to keep spirits up—it's a joyful move in challenging times

The article discusses how galleries are increasingly turning to merchandise and playful, low-cost art items to maintain public engagement during a downturn in the art market. It cites the example of Lucy Sparrow's hand-stitched felt fish and chip shop at Lyndsey Ingram gallery in London, which drew large crowds and media attention but generated far less revenue than traditional fine art sales. The piece notes that while the global art market fell 12% to $57.5bn in the past year, according to the Art Basel and UBS Art Market Report, galleries like Unit and Palmer are offering items such as Gavin Turk T-shirts and Andy Holden records to attract visitors.

Hollis Taggart to open gallery on New York’s Lower East Side for emerging artists

New York dealer Hollis Taggart is opening a second gallery location on the Lower East Side, named Hollis Taggart Downtown, dedicated to emerging and mid-career contemporary artists. The inaugural exhibition, "Boundless," opens May 17 and features ten artists including Osamu Kobayashi, Katherine Boxall, Kelly Worman, and Joanne Greenbaum. The space, at 109 Norfolk Street, is a partnership with longtime employees Paul Efstathiou and Eleanor Flatow. The move comes as the gallery nearly doubled its Chelsea space in 2023, despite a market downturn.

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The National Portrait Gallery in London has acquired the only surviving photographs of 19th-century mathematician Ada Lovelace, a group of three daguerreotypes that were originally offered at Bonhams in June 2025 with an estimate of £80,000 to £120,000. The lot was withdrawn from auction and the museum secured it via a private treaty sale, a confidential negotiation process that allows institutions to purchase significant artworks directly from private owners. Two of the daguerreotypes were taken by French photographer Antoine Claudet around 1843, the year Lovelace published her foundational paper on Charles Babbage's Analytical Engine, while the third, by an unknown photographer, reproduces an 1852 portrait by Henry Wyndham Phillips showing Lovelace near the end of her life.

Post-Fair delivers by keeping it simple

Post-Fair concluded its second edition in Los Angeles, featuring a curated selection of 31 galleries including PPOW, White Columns, and Tomio Koyama Gallery. Held in a former post office, the event maintained an open floor plan and a relaxed atmosphere that attracted high-profile attendees like artist Paul McCarthy and collectors Beth Rudin DeWoody and Maja Hoffmann. Sales were reported across various price points, with Ehrlich Steinberg selling half of its presentation of Joel Otterson’s sculptures.

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The Dorset Museum & Art Gallery in England has launched a fundraising campaign to acquire a rare 15th-century Netherlandish altarpiece, known as *The Master of the Sherborne Almshouse Triptych*, valued at up to £3.5 million ($4.6 million). The work is set to be auctioned by Sotheby’s in an Old Master evening sale next month, and the museum aims to prevent it from entering a private collection or being exported. The triptych, which depicts five healings of Jesus Christ, was hidden during periods of iconoclastic destruction and rediscovered in St. John’s Almshouse in Sherborne in the 19th century; it has only left the site twice, for exhibitions at the Royal Academy in 1923 and the Victoria and Albert Museum in 2003.

Sotheby’s Has Set a Debut Date for Its Landmark Breuer Building Headquarters

Sotheby's has announced that its new headquarters in the iconic Breuer Building at 945 Madison Avenue will open on November 8. Originally designed by Marcel Breuer for the Whitney Museum of American Art in 1966, the building later housed the Met Breuer and the Frick Collection during its renovation. Sotheby's purchased the Brutalist landmark from the Whitney two years ago and has renovated it with Pritzker Prize-winning architects Herzog & de Meuron and PBDW Architects, adding auction rooms and state-of-the-art gallery spaces while preserving original features like bluestone floors and concrete walls. The opening will coincide with a major modern and contemporary art exhibition, followed by fall marquee sales the week of November 17.

National Gallery spends £16m on altarpiece by unknown artist

The National Gallery in London has purchased a 500-year-old altarpiece, *The Virgin and Child with Saints Louis and Margaret and Two Angels*, for £16.4 million from an anonymous owner. The painting, created between 1500 and 1510, is of unknown authorship—experts cannot agree whether the artist was Netherlandish or French, with candidates including Jan Gossaert and Jean Hey. The oak panel was felled around 1483, and the work was first documented at the priory of Drongen in Ghent in 1602. It was sold through Sotheby’s with support from the American Friends of the National Gallery London and had been kept at the Lulworth Estate in Dorset, home of the Weld family.

How Blue-Chip Art Markets Are Opening Up to New Collectors

The contemporary art market in 2025 is experiencing a paradox: traditional indicators show cooling, but online sales are booming and attracting new, younger collectors. According to the Art Basel and UBS Art Market Report 2025, online sales now account for 22% of dealer transactions, with 46% of online sales in 2024 going to first-time buyers—up from 35% the previous year. High-net-worth individuals increasingly prefer purchasing through digital channels like dealer websites or Instagram, and established collectors are also buying sight unseen. This shift is driven by greater access to authenticated limited editions and prints by blue-chip artists such as Andy Warhol, Jean-Michel Basquiat, Banksy, David Hockney, and Damien Hirst, offered by galleries like Calder Contemporary in London with transparent pricing and provenance.

Deux sculptures de la Roldana préemptées par l'Espagne

Spain has preempted two polychrome terracotta sculptures by Luisa Roldán, known as La Roldana, at an Abalarte auction on December 5, 2025. The works, *La Fuite en Égypte* and *L’Éducation de la Vierge*, each sold for €335,500 including fees. *La Fuite en Égypte* has been acquired by the Museo del Prado in Madrid, while *L’Éducation de la Vierge* has gone to the Museo Nacional de Escultura in Valladolid.

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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.