Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

Dealers at the TEFAF Maastricht art fair reported strong sales, defying concerns over global unrest and geopolitical tensions that limited some collectors' travel. The fair, featuring 277 dealers from 24 countries, saw a high caliber of international collectors engaging with works ranging from monumental 18th-century sculptures to minuscule, intricately detailed pieces. First-time exhibitors and veterans alike expressed satisfaction, with one rare books dealer calling it his best year in three decades of participation.

Tracey Emin, Katharina Grosse, and More Rally to Raise $2.7 Million for South London Gallery

Christie’s is partnering with the South London Gallery (SLG) on a special selling exhibition featuring works donated by 28 artists, including Tracey Emin, Frank Bowling, Katharina Grosse, Alvaro Barrington, and Ryan Gander. The exhibition is part of SLG’s “SLG Forever” fundraising campaign, which aims to raise £2 million ($2.7 million) to renovate the gallery’s historic Victorian building and support its outreach programs. The show will be open to the public at Christie’s London from June 5–25, with extended hours during London Gallery Weekend, and will continue online until September 30.

Robert Therrien Estate Leaves Gagosian for David Zwirner, Olney Gleason Now Represents Jill Magid, and More: Industry Moves for May 6, 2026

The ARTnews article reports a series of significant gallery representation changes and industry moves in the art world as of May 6, 2026. Key shifts include the Robert Therrien Estate leaving Gagosian for David Zwirner, Olney Gleason now representing Jill Magid, and several other artists—Tianyue Zhong, Africanus Okokon, Seung Ah Paik, Khalif Tahir Thompson—joining or switching galleries. Miriam Machado has been named director of the Patricia and Phillip Frost Art Museum. The article also notes the rising costs and commercial realities of staging exhibitions at the Venice Biennale, including a Christie's selling show at Palazzo Ca' Dario.

top 5 art market minute podcast episodes 2025

Artnet News published a roundup of the top five episodes of its podcast 'Art Market Minute' from 2025, hosted by Margaret Carrigan. The episodes cover key industry topics: whether artists still need galleries, how to build professional relationships in the art world, the rising market value of Jack Whitten's work, the impact of AI on the art market, and the wave of high-profile gallery closures reshaping the trade. Guests include Sonia Manalili, Brooke Lampley, Naomi Rea, Eileen Kinsella, Jo Lawson-Tancred, and Katya Kazakina.

4 takeaways art business conference hong kong

Hong Kong's inaugural Art Business Conference brought together government officials, legal experts, and financiers to examine the city's strategic advantages as an art trading hub. Key takeaways included the need to maintain cultural exchange as a national strategy under China's 14th Five-Year Plan, with the West Kowloon Cultural District receiving over $6.5 billion in government funding. The Art Basel and UBS Survey of Global Collecting 2025, authored by Clare McAndrew, revealed that ultra-wealthy collectors are now allocating up to 20 percent of their wealth to art, up from 15 percent in 2024, as an estimated $83 trillion in intergenerational wealth transforms art trading into a sophisticated professional network.

photo london photography market sales

The tenth edition of Photo London opened at Somerset House, marking a decade of growth for the UK's largest photography fair. The fair, running through May 18, has become a key event for the photography market, which has shown resilience despite broader art market declines. While global auction sales for photography dropped 5.6% in 2024 to $59 million, this was far less severe than the 27% overall art market decline, and sales volumes remained near record highs. New director Sophie Parker and cofounder Michael Benson highlighted growing interest from young collectors, though challenges remain as established galleries face an aging collector base and market uncertainty.

swivel marc straus gallery graham wilson partner

Graham Wilson, founder of the Tribeca-based Swivel Gallery, has joined Marc Straus Gallery as a partner and senior director. As a result of this merger, Swivel will close its independent space, and its roster of emerging artists—including Amy Bravo and Kiah Celeste—will transition to Marc Straus. The partnership will be inaugurated with a group exhibition of Swivel artists at Marc Straus’s Lower East Side location on March 19.

dog days art market

The article reports on a severe downturn in the art market during summer 2025, with gallery closures, declining auction sales, and widespread pessimism. Notable dealers Tim Blum and Adam Lindemann have shut their galleries, and a survey by France's Professional Committee of Art Galleries (CPGA) found 85% of respondents pessimistic about the sector's economic health, with turnover down 6% in 2024. The Art Dealers Association of America (ADAA) canceled its October Art Show in New York, and some dealers are considering small business loans to cover costs. Meanwhile, galleries like Goodman Gallery are embracing e-commerce to adapt.

how artverse helps galleries and advisors navigate todays art world

ArtVerse Advisory, a London-based B2B firm, has launched a suite of services designed to help galleries and art advisors overcome capital constraints and inventory limitations. Founded by CEO Amit Mehra, the company provides professional intermediaries with access to a curated selection of primary and secondary market works—ranging from blue-chip artists like Andy Warhol to rising stars like Raghav Babbar—through flexible deal structures such as consignments and personalized payment plans.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

jeff koons gagosian representation

Gagosian Gallery will once again represent Jeff Koons, the star sculptor who left the mega-gallery to join Pace in 2021. The announcement completes a return that began in May with a solo presentation at Frieze New York, where Koons showed three sculptures from his “Hulk Elvis” series. Koons had also been represented by David Zwirner at the time of his departure from Gagosian, but he does not appear to have rejoined Zwirner. Reports indicate that Koons split with Pace after a costly Meissen-inspired sculpture series required $50–100 million in investor support, which fell through when additional funds were needed.

emily fisher landeau collection auction fate

Christie’s and Sotheby’s are competing to secure the estate of Emily Fisher Landau, the noted art collector who died in March at age 102. Her collection, valued between $375 million and $500 million, could become a major highlight of the November evening sales, helping offset a sluggish first half for auction results. The Big Three auction houses have seen a 51 percent drop in total sales year-over-year, with Christie’s and Phillips both reporting significant declines.

Cause for cheer at Art Basel as strong preview-day sales take many galleries by surprise

Major international galleries reported unexpectedly strong sales on the preview day of Art Basel, despite geopolitical tensions, stock market volatility, and uncertainty over US tariffs. Thaddaeus Ropac sold works by Georg Baselitz, James Rosenquist, and Robert Rauschenberg, while Gagosian, David Zwirner, Pace, and Hauser & Wirth also reported multimillion-dollar sales, including a Ruth Asawa sculpture for $9.5 million and a Pablo Picasso painting priced at $30 million. Many dealers expressed surprise at the speed and volume of sales, which defied the broader international environment.

Tracking the Biggest Market Players at the Venice Biennale

The 61st Venice Biennale is underway, and while it is officially a non-commercial exhibition, market forces are increasingly influential behind the scenes. Artnet News host Margaret Carrigan reports on auction houses actively participating in opening week, and highlights Sotheby’s upcoming single-owner sale in London featuring works from billionaire Joe Lewis’s collection, expected to exceed $200 million. Meanwhile, Whitechapel Gallery has created a new economist-in-residence position to address ongoing financial strain in museums.

Sotheby’s Opens the London Spring Marquee Sales With a £131M White-Glove Night

Sotheby’s London kicked off the spring auction season with a "white-glove" Modern & Contemporary Evening Sale, totaling £131 million ($176 million). Despite significant geopolitical instability and market anxiety following recent escalations in the Middle East, the auction achieved a 100 percent sell-through rate across 54 lots. Key highlights included works by Andy Warhol, a Claude Monet landscape once owned by John Singer Sargent, and a Jean-Michel Basquiat painting that sold for £3.7 million after a mid-sale renegotiation.

gulf art market

The Gulf region is rapidly transforming into a primary axis for the international art trade, marked by the upcoming debut of Art Basel Qatar and the rebranding of Abu Dhabi Art as a Frieze event. While state-led museum projects have long dominated headlines, a surge of commercial activity is now taking hold as blue-chip galleries like Pace and David Zwirner join local stalwarts. This expansion comes at a strategic time as traditional markets in the U.S., U.K., and China face contraction.

art market minute feb 9

The inaugural edition of Art Basel Qatar concluded in Doha, marking a significant new chapter for the Gulf art market. The fair adopted a smaller, curated format and was notably overseen by Egyptian artist Wael Shawky, who served as its artistic director, bringing a curatorial perspective to the commercial event.

strategic pause trend

A growing number of art fairs and galleries are publicly announcing a 'strategic pause'—a hiatus from their regular exhibition schedules to reassess their models. This week, Vienna's Spark Art Fair invoked the phrase to take a year off, following Berlin dealer Mehdi Chouakri's decision to suspend his gallery's exhibition program after 30 years. Last July, ADAA's Art Show coined the term when it announced a year-long break to reimagine the New York fair, and Taipei Dangdai in Taiwan followed suit days later. In December, an unprecedented number of galleries skipped Art Basel Miami Beach. The trend reflects a broader shift in the art world's willingness to openly acknowledge the need for rest and reinvention.

okeeffe seurat phillips collection deaccession

The Phillips Collection in Washington, D.C. has deaccessioned eight major works by artists including Georges Seurat, Georgia O'Keeffe, and Anish Kapoor at Sotheby's fall sales. O'Keeffe's "Large Dark Red Leaves on White" (1927) sold for $7.9 million, a Seurat drawing fetched $4.9 million, while a painting by Arthur Dove fell short of expectations and a Kapoor sculpture failed to sell. The plan, devised by director Jonathan Binstock, aims to fund future contemporary art commissions and collection care, but has sparked an 18-month dispute between museum leadership and the Phillips family descendants over the interpretation of founder Duncan Phillips's legacy.

new york auctions recap

New York's marquee auction week delivered strong results, with Sotheby's and Christie's posting combined sales of nearly $2 billion. Sotheby's achieved a record $706 million evening at its new Breuer Building headquarters, driven by the Leonard Lauder estate sale, while Christie's $690 million 20th-century sale was up 41.9% from last November. Gustav Klimt's *Portrait of Elisabeth Lederer* sold for $236.4 million, setting a new auction record for the artist and becoming the most expensive Modern artwork ever sold at auction. Frida Kahlo's *El Sueño (La Cama)* fetched $54.7 million, a record for a work by a woman artist at auction.

art market minute nov 24

Last week's New York marquee auctions saw record-breaking sales and billions of dollars in transactions, providing a much-needed boost of confidence after nearly three years of market contraction. The article reviews top sales and notable flops from the week, analyzing how these results are shaping the current market outlook.

napoleon sale sothebys paris france famous antiques dealer

On Wednesday in Paris, Sotheby's auctioned a collection of Napoleonic artifacts from the private collection of prominent French antiques dealer Pierre-Jean Chalençon, generating €8.7 million ($9.6 million) against a €6 million estimate. The 112-lot sale included imperial furniture, Old Master paintings, and personal relics such as Napoleon's worn stockings and a copy of his marriage certificate. Highlights included a portrait by Jean-Baptiste Mauzaisse that sold for €863,600 (20 times its estimate) and the only surviving remnant of Napoleon's first will, which fetched €482,600. However, Napoleon's bicorne hat underperformed, selling for €355,600 against a €600,000 low estimate, amid provenance questions raised by French newspaper Le Figaro.

state of the art market understanding regional differences in the globalized art market

Artnet News and Morgan Stanley have released an analysis of the global art market, examining auction performance by artists from different regions over the past decade. The report breaks down sales by region—North America, Europe, Asia-Pacific, Africa, Latin America and the Caribbean, and the Middle East—and by genre categories including Old Masters, Impressionist and Modern, Postwar and Contemporary, and Ultra-Contemporary. Key findings show that North American and European artists dominate the market, while African-born artists have seen notable but uneven growth, and Asia-Pacific-born artists have experienced a marked decline.

Marian Goodman Gallery to ‘Pause’ Operations in Los Angeles

Marian Goodman Gallery is suspending operations at its Los Angeles location after two and a half years, following the conclusion of Tacita Dean's solo show on April 25. The gallery's partners announced a consolidation of programming to its historic homes in New York and Paris, stating they will evaluate the space's future while maintaining an LA presence through art fairs, special projects, and museum exhibitions.

these galleries dropped out of art basel miami beach heres what happened next

Several galleries withdrew from Art Basel Miami Beach 2024 amid rising costs and a contracting art market, leaving some like San Francisco's Altman Siegel facing cancellation fees despite closing. Claudia Altman-Siegel, who shut her gallery, owed $22,000 after missing the free-cancellation deadline. Other dealers, including Miguel Abreu, Tilton Gallery, and Sperone Westwater, navigated the fair's strict payment terms for different reasons—some pulling out early to avoid penalties, others proceeding despite business challenges. The fair proceeded with 283 exhibitors and reported strong sales, including an $18.5 million Joan Mitchell painting, signaling a potential market upturn.

five art world power players form new advisory firm

Five major art world figures have formed a new advisory firm called New Perspectives Art Partners, aimed at serving high-end collectors and institutions. The founders include former Christie’s and Philips CEO Ed Dolman and his son Alex (Dolman Partners), Brett Gorvy of Lévy Gorvy Dayan, Philip Hoffman of the Fine Art Group, and former Sotheby’s rainmaker Patti Wong of Patti Wong and Associates. All five will maintain their existing roles while collaborating on complex, project-driven client needs, leveraging their collective expertise and regional networks.

Thinking bigger: gallery stalwarts Sadie Coles, Maureen Paley and Stuart Shave on why they're expanding to new London spaces

Three of London's major gallerists—Maureen Paley, Sadie Coles, and Stuart Shave—are opening substantial new spaces in the capital, defying pessimism about the London art market. Paley has moved into part of Wolfgang Tillmans's former studio at 4 Herald Street, Coles will occupy a townhouse at 17 Savile Row from 14 October, and Shave's Modern Art will open a double shopfront at 8 Bennet Street, St James's, from 14 November. In an interview with The Art Newspaper, they discuss their motivations: Paley cites serendipity and historical significance, Coles sought a different kind of space for her artists, and Shave needed consolidation under one roof after years of fragmentation.

25 of 2025: 5 Painters Who’ve Been Catching Our Eye

Artnet News has spotlighted five painters in its '25 of 2025' series, highlighting emerging talents defining the year. Among them are Pol Taburet, a Parisian painter known for bold color palettes and a rising market presence, with works selling above estimates at Sotheby's and Artcurial, and Maja Ruznic, a Bosnian-born artist whose haunting, jewel-toned works earned comparisons to Klimt and Rothko and a standout at the 2024 Whitney Biennial. Taburet is set to feature in the 36th Bienal de São Paulo, while Ruznic recently opened a solo exhibition at Karma Gallery and is included in Site Santa Fe International.

pace closes hong kong gallery h queens 2025

Pace Gallery is closing its exhibition space at H Queen’s in Hong Kong later this month, with its final show—featuring Alejandro Piñeiro Bello—ending on October 18. The gallery chose not to renew its lease, citing that the location was no longer serving its needs. Pace will maintain its Hong Kong and Beijing offices and remains open to finding new spaces, signaling it is not fully exiting the city.

new wealth 2026

The article examines the art market's struggle to attract new wealthy buyers despite a surge in global wealth. Marc Spiegler, former global director of Art Basel, argues that galleries have failed to recruit the newly wealthy, noting that inflation-adjusted art sales have declined over the past 15 years. He suggests the industry needs to reposition art as 'magical' and transformative to appeal to potential patrons.