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art basel 2025

Art Basel 2025 opened in Basel with VIP previews, featuring a mix of high-priced works like Félix González-Torres's $16 million performance piece and Yu Nishimura's fresh-to-market triptych at €375,000. The fair adapts to a shifting market with lower price points, faster decisions, and new sectors like Premiere for ultra-contemporary art, alongside global expansion including a new fair in Doha. Satellite events like Liste and the Basel Social Club offer alternative experiences, while curated booths, such as Gagosian's 30th-anniversary presentation, blend curatorial idealism with the fair format.

kenny schachter new york fair auction recap

Kenny Schachter's article for Artnet News draws a parallel between President Jimmy Carter's 1977 energy-crisis plea to lower thermostats and the current art-market response to Trump-era tariff turmoil. He reports that the spring 2025 auction cycle generated $1.25 billion, continuing a decade-long decline from the 2014 peak, with bidders spending less and big-ticket sellers stuck. Schachter also promotes his own no-reserve auction, "Hoarder #6," scheduled for July 8–17 at Phillips, and critiques Trump's economic policies and crypto ventures, name-dropping Justin Sun as a major holder of $Trump tokens.

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.

bass house art auction christies

Christie's is offering nine artworks from the collection of Anne and Sid Bass as part of its Spring Marquee Week in May. The works, which include pieces by Mark Rothko, Agnes Martin, Frank Stella, Ellsworth Kelly, Morris Louis, and Gino Severini, were displayed in the Bass House in Fort Worth, Texas—a Modernist residence designed by architect Paul Rudolph in the early 1970s. The house was built to serve both as a home and a gallery for the couple's renowned art collection.

price check art basel basel 2025

Art Basel in Basel has concluded, with galleries reporting hundreds of sales despite low expectations set by lackluster New York auction results. Dealers shared prices ranging from $1 million to $17 million, with top sales including David Hockney's *Mid November Tunnel* (2006) at Annely Juda Fine Art ($13M–$17M), a Ruth Asawa sculpture at David Zwirner ($9.5M), and a Gerhard Richter painting at David Zwirner ($6.8M). Other notable transactions include works by Keith Haring, Mark Bradford, Georg Baselitz, and George Condo, though many galleries provided only price ranges and withheld exact titles or mediums.

$23 million Gerhard Richter painting leads Art Basel Paris opening sales.

Art Basel Paris opened its 'Avant Première' day at the Grand Palais on October 21, 2025, with strong early sales led by Hauser & Wirth's sale of Gerhard Richter's *Abstraktes Bild (Abstract Painting)* (1987) for $23 million. Other notable sales included Julie Mehretu's *Charioteer* (2007) for $11.5 million at White Cube, Amedeo Modigliani's *Jeune fille aux macarons* (1918) for just under $10 million at Pace Gallery, and a Ruth Asawa sculpture for $7.5 million at David Zwirner. The fair, running through October 26, features 203 galleries and introduced the exclusive preview day as a new scheduling element.

get up stand up artists jamaica los angeles auction

CORE and TBA21 Thyssen-Bornemisza Art Contemporary are launching "Get Up Stand Up: Artists for Jamaica and Los Angeles," a high-profile benefit auction scheduled for February 26 during L.A. Art Week. The event features over 20 works by major contemporary artists including Henry Taylor, Hank Willis Thomas, and Nari Ward, with a live sale led by auctioneer Simon de Pury. Proceeds will fund long-term recovery efforts following Hurricane Melissa in Jamaica and recent wildfires in Los Angeles, as well as CORE’s ongoing emergency response work.

emily fisher landau picasso sothebys

Pablo Picasso's 1932 painting *Femme à la montre*, depicting his lover Marie-Thérèse Walter, sold for $139.4 million (including fees) at Sotheby's New York during the highly anticipated Emily Fisher Landau sale. The work, estimated at $120 million, was the centerpiece of the auction, with bidding starting at $95 million and concluding after a two-minute standoff among three phone bidders, including one from Asia. Brooke Lampley, Sotheby's head of global fine art, secured the winning bid on behalf of a client. The sale was handled by Sotheby's, which won the right to auction the estate of Landau, a longtime Whitney Museum board member and private collector.

What Germany’s Art Market Reveals About the Limits of Localism

German art dealers are increasingly pivoting toward regional strategies as the national market faces a period of stagnation. While the broader European Union saw a modest rise in dealer sales, Germany’s market contracted by 4 percent between 2024 and 2025, hampered by high interest rates and a sluggish post-pandemic recovery. In response, major fairs like Art Cologne are launching satellite editions in locations like Mallorca to follow wealthy German collectors on vacation, while Art Düsseldorf prepares for a record-breaking edition despite the economic downturn.

who will art basel draw to doha

Art Basel will launch a new fair, Art Basel Qatar, in Doha in February 2025, featuring around 50 exhibitors. The expansion into West Asia follows the fair's earlier move into Hong Kong in 2013 and reflects the region's growing wealth and cultural development. Vincenzo de Bellis, Art Basel's director of fairs, stated the company aims to attract collectors from the entire Middle East and North Africa (MENA) region as well as South Asia. The announcement has drawn interest from collectors and curators across Asia, including those from the United Arab Emirates, Malaysia, and India, who see the fair as a potential turning point for Doha's art scene.

Lévy Gorvy Dayan Bets on Urgency With New LGD Hammer Sales Platform

Lévy Gorvy Dayan has launched LGD Hammer, a new sales platform that blends gallery exhibition with auction-style urgency. The first work offered is Willem de Kooning's *Milkmaid* (1984), estimated at $10–$15 million, which will be on view by appointment from May 2 until the sale on May 16. Gallery cofounder Dominique Lévy will serve as auctioneer, drawing on her Christie's experience, while bidding occurs by phone with online observation. Cofounder Brett Gorvy emphasized the platform is not a market overhaul but a response to slowed private sales and cautious collectors who still respond to competitive pressure.

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.

Tefaf New York: determination in the face of Trump’s tariff chaos

Tefaf New York returns to the Park Avenue Armory with 91 exhibitors from four continents, presenting 7,000 years of art amid uncertainty caused by President Donald Trump's recently announced tariff regime. The fair's director, Leanne Jagtiani, sent a letter to exhibitors acknowledging the "significant impacts" on the industry, assuring them of close communication with shippers and legal advisers, and advocating for the exclusion of artworks from potential EU reciprocal tariffs. While artworks are understood to be exempt, antiques and contemporary works in unconventional materials may be subject to the new tariffs, creating confusion among dealers and collectors.

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.

artists auction palestine charity london eno devlin goldin

A group of high-profile artists including Es Devlin, Brian Eno, Nan Goldin, and Grayson Perry are donating works for a London-based charity auction to support humanitarian aid in Palestine. Organized by Choose Love, Gideon Berger Studio, Hope 93 Gallery, and dealer Zayna Al-Saleh, the sale will benefit the Together For Palestine Fund. The auction features a diverse range of media, from Grayson Perry’s ceramics to Nan Goldin’s photography, and will be accompanied by a public exhibition at Hope 93 Gallery from March 26 to April 9.

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.

Sotheby’s to sell around £2m of art to support the Royal Academy in London

Sotheby's is auctioning ten works of art donated by Royal Academicians and honorary RAs, with an estimated total value of up to £2.6 million, to provide financial support for the Royal Academy in London. The lots, including pieces by El Anatsui and Sean Scully, will be featured in the auction house's flagship March contemporary sales.

The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

gwyneth paltrow juliens auctions sale

Gwyneth Paltrow is partnering with Julien’s Auctions for a two-day sale on March 24–25 featuring personal items from her homes and wardrobe. The auction includes high-profile red carpet gowns by designers like Atelier Versace and Dior, design sketches for her iconic 1999 Oscars dress, and luxury furniture including pieces by Lindsey Adelman and Julian Mayor. A portion of the proceeds will benefit World Central Kitchen, a non-profit providing meals in response to humanitarian crises.

Online-Only Art Auctions Overwhelmingly Succeed in 2025

A new report from Artnet reveals that online-only auctions at Sotheby’s, Christie’s, Phillips, Bonhams, and Artnet Auctions generated $423.9 million in 2025, an 8% increase from 2024. The average price of artworks sold online also rose 8.6% to $14,309, with some platforms like Fair Warning finding success through hyper-specific sales, such as one centered on Andy Warhol’s 1974 portrait of Brigitte Bardot. Christie’s reported that 63% of new buyers made their first purchase online in 2025, where the average price point was $22,700.

Canada’s art market takes a nationalist turn amid trade war with US

At the opening of "Riopelle: Crossroads in Time" at the Vancouver Art Gallery, philanthropist and collector Michael Audain gave a patriotic speech praising Quebecois modernist Jean Paul Riopelle. Amid US President Donald Trump's trade war and annexation threats, a wave of Canadian nationalism has boosted the domestic art market. Heffel Fine Art Auction House reports record online sales of Canadian art, with Riopelle works especially sought after due to major bequests to a new museum wing in Quebec, removing key pieces from the market. Collectors like Felix Tetu note rising prices and increased interprovincial buying, while the Riopelle Foundation's centennial promotions are bridging Canada's Anglophone-Francophone cultural divide.

New and relaunched satellite fairs spread across Los Angeles during Frieze

A wave of new and relaunched satellite art fairs is debuting in Los Angeles to coincide with Frieze Los Angeles, offering lower-cost alternatives for galleries and artists. Newcomers like the Indianapolis-based Butter Art Fair, the photography-focused Show LA, and the New York-centric Enzo Art Fair are positioning themselves as intimate, artist-centric, or zero-fee options. These ventures aim to capitalize on the influx of global collectors while bypassing the high overhead costs associated with major international fairs.

Anna Schwartz Gallery, beacon of Australia’s contemporary art world, to close and rebrand

Anna Schwartz Gallery, a cornerstone of Australia’s contemporary art scene, will close in December after 40 years in Melbourne. It will be replaced by a new venture, Anna Schwartz Projects, which will focus on occasional, project-based exhibitions, conversations, and events across installation, performance, publishing, and music. The gallery’s stable has included artists such as Shaun Gladwell, Angelica Mesiti, and Marco Fusinato, each of whom represented Australia at the Venice Biennale.

fed reserve interest rate cuts art market loans

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points, the first reduction since December, bringing rates to their lowest level since late 2022. Art finance experts Anita Heriot of the Fine Art Group and Joshua Greenberg of Bank of America Private Bank told ARTnews that while the cut is unlikely to create new art buyers, it could stimulate art lending and borrowing against collections, as lower rates reduce the cost of carrying debt. The move signals a potential trend of further rate declines, which may encourage collectors to reengage with the market, especially amid softening art prices.

How Third-Party Guarantees Are Quietly (But Significantly) Rewriting the Rules of the Art Auction

The article reports that the New York Spring Marquee auctions in May 2025 generated $1.27 billion, an 8% decline from $1.38 billion in May 2024, followed by a 26% drop in London June auctions to £98 million. In response to this volatile market, auction houses like Christie’s and Sotheby’s are increasingly relying on third-party guarantees (or irrevocable bids), where a buyer agrees in advance to purchase a lot at a set price if no higher bid emerges. Data from Pi-eX Ltd shows that third-party guarantee coverage surged from near zero in 2021 to a record 73% in May 2025, with the Leonard & Louise Riggio collection being 99% backed by such guarantees.