Art News. Vasari Codex

trending_up market schedule Jun 4, 2025 visibility 23 link 6 artists, 6 galleries

artists gallery representation

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.

newspaper Artnet News open_in_new Read original

trending_up market schedule Nov 14, 2025 visibility 19 link 11 artists

sothebys charles stewart supply and demand

Sotheby's CEO Charles Stewart told CNBC that the art market has entered a new phase this fall, with supply finally catching up with demand after months of strong bidder activity. New York's marquee auction houses are preparing for sales expected to total more than $1.4 billion, a roughly 50% jump from last year, driven by major consignments including the estate of Leonard Lauder (55 works valued at over $400 million, led by Gustav Klimt's Portrait of Elisabeth Lederer) and collections from Jay and Cindy Pritzker. Christie's highlights include a Monet Nymphéas, a David Hockney portrait, and a Mark Rothko, each estimated at $40–60 million.

newspaper ARTnews open_in_new Read original

trending_up market schedule Jul 3, 2025 visibility 21 link 15 artists

kenneth griffin 13th amendment emancipation proclamation sothebys

Billionaire hedge funder and art collector Kenneth Griffin revealed he was the buyer of record-breaking copies of the Emancipation Proclamation and the Thirteenth Amendment, both signed by President Abraham Lincoln, at a Sotheby's New York auction. The Thirteenth Amendment sold for $13.7 million, more than five times the previous record, while the Emancipation Proclamation fetched $4.4 million. Griffin, founder of Citadel, is an avid collector of rare historical documents and high-value art, having previously purchased a copy of the U.S. Constitution for $43.2 million and major works by artists like Willem de Kooning, Jackson Pollock, and Jean-Michel Basquiat.

newspaper Artnet News open_in_new Read original

trending_up market schedule Apr 21, 2026 visibility 28 link 1 artist, 2 galleries

The Iran War Is Already Tanking Luxury Sales in the Gulf—Could Art Be Next?

Escalating military conflict between the US, Israel, and Iran, which has included strikes on Gulf states, is disrupting the region's burgeoning art market. Major events like Art Dubai have been postponed and scaled back significantly due to exhibitor withdrawals, and planned fairs like Frieze Abu Dhabi face uncertainty. The instability has also caused a sharp spike in shipping and insurance costs for artworks moving through the region.

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trending_up market schedule Jul 3, 2025 visibility 10 link 1 artist

thomas kinkades legacy will outlive us all

The Daily Beast published a lengthy article on Thomas Kinkade's legacy two years after his death from alcohol and Valium, detailing his divorce, alcoholism, and strip club visits—contradicting the idyllic scenes in his mass-marketed paintings. Despite these revelations, Kinkade's commercial empire has thrived: sales on ShopNBC have risen, most galleries report higher sales than before his death, licensing partners like Hallmark and Andrews McMeel Publishing saw double-digit growth, and Kinkade ranked #81 on Global License!'s bestselling licensed brands with $425 million in annual sales, ahead of CBS Consumer Products and National Geographic.

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trending_up market schedule Jul 25, 2025 visibility 19 link 4 artists

Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales at Sotheby's, Christie's, and Phillips fell to $3.98 billion in the first half of 2025, a 6% decline from the same period in 2024 and the lowest total in at least a decade excluding the pandemic. Postwar and contemporary art, the traditional growth engine, dropped 19%. ArtTactic cites lingering concerns over global economic growth, inflation, and geopolitical tensions as dampening confidence, even as wealthy individuals' personal wealth and stock markets reach record highs.

newspaper CNBC open_in_new Read original