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frieze los angeles art world grief hope

The Los Angeles art scene is navigating a complex recovery as it prepares for Frieze Los Angeles 2026. The city is grappling with the lingering trauma of devastating wildfires that destroyed significant private collections, alongside economic instability caused by massive layoffs in the entertainment industry and recent political unrest. This combination of environmental and financial crises has led to a notable market downturn, resulting in the closure of several high-profile galleries including Blum, Tanya Bonakdar, and Sean Kelly.

frieze new york 2025 sales report

Frieze New York opened on a warm Wednesday morning, with a packed spring art week schedule that saw the fair and TEFAF's US edition separated by just 24 hours. The VIP day was animated with strong sales, including Jeff Koons's *Hulk (Tubas)* reportedly selling for $3 million at Gagosian, which presented the artist's first collaboration since he left the gallery in 2021. Other notable sales included works by Liza Lou, Joan Snyder, David Salle, and Adam Pendleton, with Pace Gallery selling all six of Pendleton's paintings within hours. Galleries reported a slower but deliberate pace of buying, with collectors taking more time to make decisions.

is dawn arriving for milans art scene

Thaddaeus Ropac, a major European blue-chip gallery, opened its seventh location in Milan in January 2025, occupying a prime palazzo previously home to Massimo de Carlo and Peres Projects. The inaugural exhibition pairs Georg Baselitz and Lucio Fontana in a show titled "L’aurore viene." The move has reignited debate about whether Milan is finally poised to become a contemporary art capital, despite past false starts and the city's stronger identity as a fashion and design hub.

3 million jeff koons hulk sells on buoyant first day at frieze new york

At the VIP opening of Frieze New York on Wednesday, dealers reported strong sales despite economic uncertainty from Trump administration policies and trade war threats. The fair, recently sold to Hollywood powerhouse Ari Emanuel, returned to the Shed in Hudson Yards with 67 exhibitors. Gagosian Gallery generated the most buzz, selling one of three Jeff Koons Incredible Hulk sculptures—polychromed steel works priced around $3 million each—and placing a hold on another. Other notable sales included works by Tuan Andrew Nguyen, Tomie Ohtake, Sheila Hicks, Liza Lou, and Gertrude Abercrombie, with galleries like James Cohan, Galeria Nara Roesler, Thaddaeus Ropac, Karma, and Hauser & Wirth reporting brisk business.

At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

Ceramics Are Everywhere, in Museums, Galleries, and Fairs—Has the Market Caught Up?

Ceramics are experiencing a surge in visibility across museums, galleries, and art fairs in major US cities. The article catalogs numerous recent and upcoming exhibitions, including Kathy Butterly's sold-out show at James Cohan with pieces at $45,000 each, Nicole Cherubini's nearly sold-out show at Friedman Benda with prices up to $65,000, and Ruby Neri's work at Salon 94 peaking at $75,000. Other highlights include Ron Nagle at Matthew Marks, Theaster Gates' Gagosian show celebrating David Drake, NADA Ceramics in Tribeca, and ceramic presentations at Frieze Los Angeles, Post-Fair, Expo Chicago, and David Zwirner. Institutional shows include Toshiko Takaezu at Princeton University Art Museum and a ceramic collection at RISD Museum.

tefaf new york 2025 sales report

TEFAF New York 2025 opened with 91 exhibitors, featuring a mix of blue-chip and emerging artists. Galleries reported sales including a €250,000 relief by Anne Imhof at Sprüth Magers, a $500,000 Sean Scully painting at Lisson Gallery, and multiple Ruth Asawa works at David Zwirner ranging from $50,000 to $2.8 million. Thaddaeus Ropac sold works by Daniel Richter for €840,000. The fair aims to attract younger buyers while maintaining its prestige, with fewer objects priced above $10 million than in previous years.

Philadelphia Is Rich With Museums and Galleries. ‘Elsewhere’ Aims to Find Out If It Can Support an Art Fair

Philadelphia gallerist Megan Galardi is launching a new art fair called Elsewhere, set to debut June 4–6 at the Yowie Hotel on South Street. The fair will feature 27 exhibitors from cities including London, New York, and Philadelphia, with seven local dealers such as Fleisher/Ollman, Blah Blah Gallery, and Fjord. Galardi, who founded Blah Blah Gallery in 2023 and has participated in small New York fairs like Spring/Break and Future Fair, designed Elsewhere as a boutique, hotel-based event that offers a lower-cost, more intimate alternative to large-scale art fairs.

expo chicago sales vip day report

The thirteenth edition of Expo Chicago opened its VIP preview at Navy Pier with a streamlined floor plan and a focus on emerging talent. Despite a generally slow global art market, exhibitors reported strong early sales, including Nashville-based artist Annie Brito Hodgin’s debut outside her home state and Wenhui Hao’s near-sell-out presentation with Half Gallery. The fair’s decision to reduce the number of exhibitors from 170 to 130 was widely praised by dealers for improving the quality of presentations and making the event more navigable for collectors.

untitled houston fair sales report

The inaugural edition of Untitled Art, Houston, opened with 88 galleries—half the size of its Miami Beach counterpart—and generated strong sales and high attendance. Los Angeles-based Megan Mulrooney sold out its booth entirely, while Sicardi | Ayers | Bacino led sales with a Carlos Cruz-Diez work for $415,000. Other notable transactions included a bronze piece by Clare Rojas for $150,000 at Jessica Silverman and two John Alexander paintings at McClain Gallery fetching $70,000–$125,000. Most galleries reported consistent mid-market sales in the $25,000–$50,000 range, with collectors from Houston, Dallas, Austin, the Bay Area, New Orleans, Los Angeles, and San Francisco actively acquiring.

aspen art week fair collectors sales report

The second edition of the Aspen Art Fair opened at the historic Hotel Jerome with over 40 exhibitors from more than 15 countries, more than doubling its size from the previous year. The fair is one of three major events during Aspen Art Week, alongside Intersect Aspen Art and Design (now in its 15th edition) and the AIR Festival, a $20 million initiative by the Aspen Art Museum. Dealers and advisers, including Paul Henkel of Palo Gallery and Christian Gundin of El Apartamento, noted that while there are too many art fairs globally, Aspen's smaller, hyper-focused format attracts serious collectors and fosters stronger relationships. Blue-chip galleries like Sean Kelly and Marianne Boesky also participated, with Boesky having a long history in the town.

Behind Christie’s $1 B. Blockbuster Result, the Market Still Looks Uneven

Christie’s New York achieved over $1 billion in sales during a two-part evening auction, led by Jackson Pollock’s *Number 7A, 1948* which sold for $181.2 million. The sale, the first billion-dollar night since the Paul G. Allen collection in 2022, also saw records for other works and active bidding from a small group of buyers, including dealer Jeffrey Deitch. However, the blockbuster results mask a more cautious middle market, where works priced between $100,000 and $1 million remain slow to sell.

12 Collectors on the Artists, Shows, and Trends to Watch in 2026

Artsy spoke with 12 leading collectors about the artists, exhibitions, and trends they are most excited to follow in 2026. Highlights include the re-centering of women artists, the rise of South Asian and LGBTQ+ artists, and the impact of AI on gallery operations. Collectors point to major institutional milestones such as LACMA's new campus, the Guggenheim Abu Dhabi, the Venice Biennale, and Art Basel's expansion into Qatar, as well as specific shows like Claire Tabouret's stained-glass commission for Notre-Dame and the Frida Kahlo exhibition at the Museum of Fine Arts, Houston.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

Frieze New York shows signs of stability in challenging US art market

Frieze New York (7-11 May) opens its 13th edition at The Shed with around 65 galleries, including mega-galleries Gagosian, David Zwirner, Hauser & Wirth, Pace, and White Cube. The fair arrives amid a turbulent art market: global art sales declined 12% in 2024 per Clare McAndrew's Art Market Report, and President Trump's tariff decisions have roiled the stock market. Frieze's owner Endeavor recently sold the fair to a new company founded by former CEO Ari Emanuel. Despite this, US fair director Christine Messineo expresses optimism, citing strong sales at Frieze Los Angeles in February. The Focus section features 12 emerging galleries, seven of which are first-time participants, including King's Leap, Management, Voloshyn Gallery (Kyiv), and Public Gallery (London).

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

This Small Dorothea Tanning Painting Sold for $120,000 per Square Inch—and Set a New Record

Dorothea Tanning's small 1942 Surrealist painting, 'Children's Games,' sold for £3.8 million ($5 million) at Christie's London, nearly quadrupling its low estimate. With fees, the final price reached $6.26 million, setting a new auction record for the artist and achieving a remarkable price of approximately $120,000 per square inch.

frieze los angeles satellite fairs report

The Felix Art Fair kicked off LA Art Week at the Hollywood Roosevelt Hotel, drawing significant crowds despite logistical hurdles. While long lines for elevators slowed the initial flow of visitors to the upper floors, exhibitors reported steady interest and early sales. New York-based dealers faced particular challenges arriving for the opening due to a major Nor’easter that disrupted flights across the East Coast, forcing many to finalize their booths just hours before the VIP preview.

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.

Untitled Art Houston opens with a slew of four- and five-figure sales

Untitled Art Houston opened its inaugural edition on Thursday, September 18, with a VIP preview that generated uneven but promising sales. Lower-priced works sold well, with notable transactions including a $415,000 piece by Carlos Cruz-Diez at Sicardi Ayers Bacino, a $125,000 painting by John Alexander at McClain Gallery, and a $150,000 bronze sculpture by Clare Rojas at Jessica Silverman. Other galleries reported sales ranging from $2,000 to $55,000, with some dealers selling out their stands. The fair marks Houston's first new art fair in years, following the demise of the Houston Fine Art Fair and Texas Contemporary Art Fair.

New York Art Week Will Test the Market’s Momentum

New York Art Week is set to test the art market's momentum with half a dozen fairs and major auctions. Frieze New York opens at the Shed on May 13 with 68 galleries, while Sotheby's leads auction sales starting May 14, featuring a Mark Rothko painting estimated at $70–$100 million from Robert Mnuchin's collection. The total low estimate for Sotheby's week is $690.4 million, roughly 70% higher than last year's hammer total. Alternative fair Esther, co-founded by Margot Samel and Olga Temnikova, kicks off May 12 at the Estonian House for its third and final edition, emphasizing intentionality and community over scale.

christies riggio modern art new york evening auctions 2025

Christie’s spring marquee auctions in New York brought in a combined $489 million with fees across two evening sales: the Leonard & Louise Riggio: Collected Works sale and the 20th Century sale. The Riggio collection, featuring 39 works heavy on Surrealism, modernism, and Minimalism, achieved $272 million with buyer’s premium, led by Piet Mondrian’s Composition With Large Red Plane, Bluish Gray, Yellow, Black and Blue (1922) at $47.56 million and René Magritte’s L’empire des lumières (1949) at $34.9 million. The 20th Century sale included major canvases by Monet, Rothko, and Warhol, but the hammer total of $409 million fell below the $446 million pre-sale low estimate, indicating the auction house did not meet expectations.

art collecting on a budget guide

The article reports that the ultra-contemporary art market has cooled, with high-end sales plummeting while works priced at $5,000 or less have grown. Art economist Clare McAndrew, author of the Art Basel & UBS Art Market Report 2025, notes that collectors are now buying art they genuinely like rather than for investment. The piece offers a practical guide for collecting on a $10,000 budget, featuring advice from gallerists, advisors, and collectors on finding affordable works.

The Armory Show jumpstarts New York art market after summer of hand-wringing

The Armory Show opened its 2024 edition in New York with solid sales during the VIP preview on September 4, providing a positive signal for the city's art market after a summer marked by gallery closures and economic uncertainty. The fair saw the return of over 20 galleries that had previously taken a hiatus, including Andrew Kreps, Uffner and Liu, Instituto de Visión, and White Cube for the first time since 1994. Fair director Kyla McMillan emphasized the importance of rooting the fair in New York and praised exhibitors for taking risks with experimental works, such as Nikita Gale's installation 'Interceptor' (2025), which sold for $60,000 before the preview began.

In tough times for dealers, Art Basel debuts a section for new works

Art Basel is introducing a new section called Premiere at its upcoming fair, designed for galleries to present works created within the last five years by up to three artists, organized around a loose curatorial concept. The inaugural section features ten exhibitors, mostly smaller to mid-sized galleries showing mid-career artists, with prices ranging from €5,000 to $85,000. The section is priced at SFr22,000 for a 32 sq. m stand, cheaper than the main section but more expensive than the emerging-artist-focused Statements section, which can be financially risky for dealers.

From Mondrian to Man Ray, Here Are the Best-Sellers at Auction So Far This Year

The article analyzes the best-selling artworks at auction in the first half of 2025, covering Old Masters, Impressionist and Modern, and Postwar categories. Notable sales include a pair of Francesco Guardi views of Venice that sold for $10.5 million at Sotheby’s New York, a Piet Mondrian abstraction from the estate of Barnes & Noble founder Leonard Riggio that fetched just under $50 million, and a monumental rhinoceros-shaped desk by François-Xavier Lalanne that more than tripled its high estimate after a 13-minute bidding war. The report highlights that Old Masters sales were up 24% year-over-year, while top Impressionist and Modern lots saw lower prices compared to 2024.

Amid uncertainty over Trump’s tariffs, many collectors pause purchases while others ‘hold their noses and pay’

US President Donald Trump's proposed tariff regime for around 60 countries has created uncertainty in the art and antiques markets. Dealers and collectors are grappling with questions about whether art, antiques, and decorative objects are exempt, and how import duties might affect pricing and attendance at US art fairs. Margo Thoma of Tai Modern in Santa Fe reports that a 24% tariff on Japanese goods would likely have prevented two out of four recent sales. Steven J. Chait of Ralph M. Chait Galleries notes that while top-tier collectors may accept higher prices for extraordinary objects, the middle market may balk. Art adviser Todd Levin warns that newer, younger collectors could be most affected, and dealer Eric Zetterquist has canceled his spring buying trip to Asia due to economic uncertainty.