Art News. Vasari Codex

trending_up market schedule Jun 18, 2025 visibility 30 link 28 artists, 5 galleries

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.

newspaper Artnet News open_in_new Read original

trending_up market schedule Feb 4, 2026 visibility 29 link 22 artists, 13 galleries

Art Basel Qatar VIP day: fair’s debut encourages patience

Art Basel Qatar opened its inaugural edition to VIPs in Doha, featuring an unconventional 'boothless' format with 87 exhibitors each presenting a solo artist. The fair, curated by artist Wael Shawky, is split between two venues in the Msheireb district, with blue-chip galleries in M7 and more emerging to mid-tier galleries in the Design District. The event is heavily subsidized by Qatar, significantly lowering costs for exhibitors and encouraging a focus on market education over immediate sales.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Dec 18, 2025 visibility 18 link 8 artists, 1 gallery

work of the week basquiat onion gum

Jean-Michel Basquiat's 1983 painting *Onion Gum*, priced at $21.5 million, was one of the most expensive works for sale at the 23rd edition of Art Basel Miami Beach. The large square canvas, featuring a white head and handwritten text, has a long market history: it sold for $7.36 million at Sotheby's in 2012 to hedge fund manager Daniel Sundheim, then failed to meet its estimate at auction in 2016, fetching $6.6 million. Since 2017, Van de Weghe Gallery has used the work as collateral for bank loans, showing it at multiple Art Basel fairs with prices rising from $16.5 million in 2018 to the current $21.5 million.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jul 31, 2025 visibility 24 link 11 artists, 3 galleries

Hauser & Wirth Heads to Palo Alto as Mega-Galleries Target Silicon Valley

Hauser & Wirth has announced plans to open a new gallery in Palo Alto, California, in spring 2026. The location, a historic former post office at 201–225 Hamilton Avenue, will offer 2,600 square feet of exhibition space, a bookshop, and a program of talks and events. Designed by architect Luis Laplace, it will be the gallery's sixth U.S. outpost and its third in California, joining existing spaces in downtown Los Angeles and West Hollywood. The expansion comes as the broader art market faces contraction, but mega-galleries continue targeting wealthy collector hubs like Silicon Valley.

newspaper observer.com open_in_new Read original

trending_up market schedule May 17, 2025 visibility 22 link 20 artists, 4 galleries

11 New Artist Auction Records Set in May 2025

During New York's spring auction week starting May 12, 2025, major houses Sotheby's, Christie's, Phillips, and Bonhams collectively brought in $1.27 billion, slightly above the estimated $1.25 billion but down 17% from the previous year. The top lot was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) at $47.56 million, but the mood was tense as trophy works like Andy Warhol's *Big Electric Chair* (1967–68) were withdrawn and several top lots, including Alberto Giacometti's *Grande tête mince* (1955), failed to sell. Amid this volatility, 11 new artist auction records were set, five of which were for women artists, notably Marlene Dumas's *Miss January* (1999) selling for $13.65 million—the most expensive work by a living woman artist at auction.

newspaper Artsy open_in_new Read original

trending_up market schedule Sep 24, 2025 visibility 18 link 6 artists, 3 galleries

Sydney Contemporary art fair sees fourth year of decline in sales

Sydney Contemporary, Australia's largest contemporary art fair, reported A$16m (US$10.5m) in sales for its 2025 edition, marking a fourth consecutive year of decline. The fair, held from 11 to 14 September at Carriageworks, featured 116 exhibitors and nearly 500 artists, making it the largest edition to date. Despite the drop from last year's A$17.5m and A$23m in 2022, founder Tim Etchells remains committed, citing record visitor numbers of 26,440 and a shift in buyer behavior where sales often close weeks after the fair. Notable sales included a A$1.5m painting by Emily Kam Kngwarray, still under consideration by a collector. A new photography section, Photo Sydney, debuted and will return next year.

newspaper The Art Newspaper open_in_new Read original