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stop making sense 2025 art market analysis

The article analyzes the chaotic and contradictory state of the global art market in 2025, a year marked by extreme volatility following President Donald Trump's return to office. Key events include strong sales at Frieze Los Angeles in February, a record $13.8 million sale of a painting by M.F. Husain at Christie's, and a sharp downturn after Trump imposed sweeping tariffs on major trading partners. Major auctions in May fell far short of expectations, with only $837.5 million hammered against estimates of up to $1.6 billion. Meanwhile, Art Basel expanded with a new Qatar fair, but sales at Art Basel Switzerland dropped over 35% from 2024. The year also saw a wave of gallery closures, including the sunsetting of Blum & Poe.

artnet auctions premier prints and multiples

Artnet Auctions has launched its Premier Prints and Multiples sale, live for bidding through April 10, 2025. The sale features important works by artists including Keith Haring, Roy Lichtenstein, Andy Warhol, and Barbara Kruger, with estimates ranging from $7,000 to $70,000. The article highlights the often-overlooked relationships between artists and the printers and publishers who bring their visions to life, using examples such as Peter Blake's collaboration with publisher Paul Stolper on the portfolio "An Alphabet" (2007) and Barbara Kruger's work "Savoir c'est pouvoir" (1989) printed by Derriere L'Etoile Studios.

as costs rise dealers in asia take a pragmatic approach to fair participation

The article reports that two major Asian art fairs, Taipei Dangdai Art and Ideas and Art Busan, are currently running through May 11, but both have seen significant drops in exhibitor numbers. Taipei Dangdai is down 32% to 53 galleries, while Art Busan is off 16% to 109 galleries. Dealers cite rising costs, geopolitical uncertainties, and fair fatigue as reasons for a more selective, pragmatic approach to participation, focusing on regional fairs and transactional value over visibility.

tate acquires works 2025 frieze london

On the VIP day of Frieze London 2025, Tate acquired three new works by female artists for its collection: Lubna Chowdhary's ceramic and wooden sculpture *Assembly* (2025) from Jhaveri Contemporary, Barbara Walker's drawing *End of Affair II* (2025) from Victoria Miro, and Madge Gill's *Untitled (Venus Mid Heaven)* (1920-30) from the Gallery of Everything at Frieze Masters. The purchases were made through the Frieze Tate Fund, which provides £150,000 in philanthropic support, previously funded by Endeavor and now by Mari, Ariel Emanuel's newly formed company that recently acquired Frieze.

sperone westwater dealers lawsuit gallery closure

Three months before announcing the closure of Sperone Westwater after 50 years, co-founder Gian Enzo Sperone sued his partner Angela Westwater, alleging a "parasitic deadlock" and accusing her of wresting control of a corporation holding a 50 percent stake in the gallery. The lawsuit claims Westwater mishandled funds, withheld records, mismanaged rent payments, and increased her own salary without approval. The gallery, founded in 1975 as Sperone Westwater Fischer, has represented major artists including Bruce Nauman, Francesco Clemente, and Richard Long, and will close this December.

New international art gallery to be unveiled in River Oaks District in March

Opera Gallery, a major international gallery specializing in modern and contemporary art, is opening a new location in Houston's River Oaks District on March 20. The gallery will present three to four curated exhibitions annually, featuring works by artists like Claude Monet, Pablo Picasso, and Yayoi Kusama.

Miami collectors donate 36 works by African and diaspora artists to Tate

Miami-based collectors Jorge and Darlene Pérez have donated 36 works by 15 artists from Africa and the African diaspora to Tate. The gift includes photographs by Seydou Keïta, paintings by Cheri Samba, a hanging piece by El Anatsui, and works by Joy Labinjo, Wangechi Mutu, Rotimi Fani-Kayode, Buhlebezwe Siwani, Bruce Onobrakpeya, and Gavin Jantjes. The donation also comes with a multi-million dollar endowment to support curatorial research on African and Latin American art, funding a dedicated curatorial post currently held by Osei Bonsu.

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.

A New Generation of Gallerists Is Redefining Artist Representation

A new generation of gallerists is rethinking traditional artist representation models, moving away from rigid exclusivity clauses and transactional relationships. Figures like Bryce Watanasoponwong of The Charoen AArt in Bangkok, Storm Ascher of Superposition, and Lorraine Han of Unveil Gallery are adopting flexible, collaborative approaches that reflect the realities of contemporary artists, who often juggle multiple roles and prefer non-exclusive arrangements. These gallerists emphasize open dialogue, shared responsibility, and long-term relationship-building over strict contracts, as seen in Ascher's seven-year support of artist Haleigh Nickerson, which culminated in a solo show at NADA New York 2025.