pilar corrias new gallery london 2023

Pilar Corrias is expanding her London gallery with a new 5,000-square-foot flagship space at 49-51 Conduit Street in Mayfair, featuring 16-foot ceilings and street-level access. The gallery, now 15 years old, has grown from representing 4 to 35 artists, including top-selling names like Christina Quarles. Corrias decided to open the new space after a four-year search, citing its rare size and industrial character as a contrast to her existing Savile Row location, which she will retain. The first exhibition in the new gallery will showcase new paintings by Christina Quarles.

Japan's Art Market Growth and Asian Art News

japans art market growth asian art news

Japan’s art market demonstrated remarkable resilience in 2024, growing by 2% to reach $692 million despite a 12% contraction in the global art market. A government-commissioned report by economist Clare McAndrew revealed that the Japanese market is characterized by high-volume, lower-value transactions, with 93% of sales occurring at price points under $10,000 and dealers accounting for the vast majority of trade.

Digital art is going mainstream

Digital art has achieved mainstream acceptance in the art world, ranking third in total spending among high-net-worth collectors after painting and sculpture, according to The Art Basel and UBS Survey of Global Collecting 2025. Over half of the 3,100 respondents purchased a digital artwork in 2024 or 2025, and the average share of digital art in collections rose from 3% in 2024 to 13% in 2025, signaling a maturation beyond the NFT boom of 2022. Art Basel is launching a new section called Zero 10 at Miami Beach 2025, featuring 12 exhibitors including AOTM, bitforms gallery, and Pace Gallery, with an interactive installation by Beeple. Major museums like MoMA, Tate Modern, and Centre Pompidou have hosted significant digital art exhibitions, further boosting collector confidence.

justin sun responds david geffen counter response giacometti

Hong Kong crypto entrepreneur and art collector Justin Sun has filed a new 100-page legal response in his ongoing lawsuit against megacollector David Geffen over Alberto Giacometti's sculpture *Le Nez* (1949/1965). Sun claims his employee Xiong Zihan Sydney stole the $78.4 million artwork—which he bought at Sotheby's New York in 2021—and sold it to Geffen without his knowledge. Geffen counters that Sun is experiencing "seller's remorse" and that the lawsuit is a sham. Sun's latest filing alleges that Geffen paid $2 million "under the table" to dealers David and Cole Tunkl to secure the piece, and reveals that Xiong has been detained in China since February at the Dezhou Detention Center.

nifty gateway closed down

Nifty Gateway, an early NFT marketplace founded in 2018 and acquired by Gemini, will shut down on February 23 after entering withdrawal-only mode. The platform, which once reported $300 million in gross merchandise value in 2021 and partnered with Sotheby's for a $17 million NFT drop, is closing amid a sharp decline in NFT trading activity. Users must withdraw their assets by the deadline, after which they can no longer list, buy, or sell NFTs on the site.

anonymous artist xcopys digital work last selfie sells for record breaking 3 27 m to private collector

An edition of XCOPY's digital artwork "Last Selfie" (2019) sold for a record-breaking $3.27 million (727 ETH) to a private collector, making it the highest price ever paid for an editioned artwork in the tokenized art space. The anonymous London-based artist minted the limited edition of 10 in 2019 for $20 each; the buyer's intermediary approached all ten holders, nine of whom rejected the offer before one accepted. Notable collectors who own editions include Raoul Pal, CozomoMedici, and punk6529, while AI art collector Jediwolf turned down the offer.

Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

Sotheby's auction: Works of five Bangladesh artists cross all expectations

Sotheby’s held a “Modern and Contemporary South Asian Art” auction in London, where seven works by five Bangladeshi masters—Zainul Abedin, Shahid Kabir, Mohammad Kibria, Rashid Choudhury, and Kalidas Karmakar—were sold, exceeding pre-sale estimates. A painting by Zainul Abedin fetched £50,800 against an estimate of £15,000–£20,000, while three works by Shahid Kabir sold for £53,340, far above the £7,500–£9,500 estimate. Artists Shahid Kabir and Kalidas Karmakar appeared at a Sotheby’s auction for the first time, and seven new records were set overall, including for Kabir, Karmakar, Francis Newton Souza, Ganesh Pyne, Laxman Shrestha, Laxman Pai, and Adeela Suleman.

nifty gateway nft platform shutters

Nifty Gateway, one of the earliest and most prominent NFT marketplaces, announced it will shut down on February 23, 2026, citing sharply declining activity. The platform, founded in 2018 by twins Duncan and Griffin Cock Foster and acquired by Gemini in 2019, has entered withdrawal-only mode, advising users to move their assets before the deadline. At its peak in 2021, Nifty Gateway reported $300 million in gross merchandise value, boosted by a Sotheby's partnership for a $17 million NFT drop by the artist Pak. The closure follows the collapse of the NFT boom, with trading volumes plummeting and other platforms like Async Art, KnownOrigin, and MakersPlace already shuttered.