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trending_up market schedule Jun 27, 2025 visibility 29 link 30 artists, 6 galleries

one takeaway from art basel it remains a buyers market

Art Basel 2025 saw cautious buying despite optimistic statements from major dealers like Pace's Marc Glimcher, who claimed sales velocity was as vigorous as any year. However, collector attendance was thin, with American attendance down for the second year running due to trade tensions and geopolitical concerns. Deals were closing at 20 to 30 percent below asking prices, confirming a buyer's market. Sales ranged from a $245 collectible Labubu figurine by Kasing Lung to works by Wei Libo, Joyce Joumaa, Lonnie Holley, Joan Jonas, Hao Ling, Sarah Lucas, and Rosemarie Trockel, with most activity under $1 million.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jun 17, 2025 visibility 21 link 6 artists, 2 galleries

rhea dillon joyce joumaa baloise art prize art basel

The Baloise Art Prize, worth $36,800, has been awarded to artists Rhea Dillon and Joyce Joumaa at Art Basel. Dillon's "Leaning Figures" sculptures, made from soap and molasses, were presented by London's Soft Opening gallery. Joumaa's installation "Periodic Sights," shown by Montreal's Eli Kerr Gallery, features photographs of Tripoli and Beirut commenting on energy crises in Lebanon. The prize is given annually to two artists in the fair's Statements sector.

newspaper ARTnews open_in_new Read original

trending_up market schedule Jun 18, 2025 visibility 36 link 160 artists, 11 galleries

The 10 Best Booths at Art Basel 2025

Art Basel 2025 opened on June 17 with its VIP preview at Messeplatz in Basel, Switzerland, under intense heat. The 55th edition of the fair features 289 galleries from 42 countries, including 19 newcomers, and introduces a new Premiere section for mid-sized galleries showing recent works. Despite a challenging art market, the VIP day saw packed booths, international crowds, and strong sales of six- and seven-figure works, with dealers expressing optimism. The fair also includes returning sections like Statements and Feature, plus Art Basel Unlimited for monumental works, alongside concurrent events such as Liste Art Fair and museum shows by Jordan Wolfson and Steve McQueen.

newspaper Artsy open_in_new Read original

trending_up market schedule Jun 16, 2025 visibility 18 link 15 artists, 6 galleries

In tough times for dealers, Art Basel debuts a section for new works

Art Basel is introducing a new section called Premiere at its upcoming fair, designed for galleries to present works created within the last five years by up to three artists, organized around a loose curatorial concept. The inaugural section features ten exhibitors, mostly smaller to mid-sized galleries showing mid-career artists, with prices ranging from €5,000 to $85,000. The section is priced at SFr22,000 for a 32 sq. m stand, cheaper than the main section but more expensive than the emerging-artist-focused Statements section, which can be financially risky for dealers.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 12, 2026 visibility 16 link 1 artist, 1 gallery

New Seoul art fair HIVE drops booth fees in market experiment

The inaugural HIVE Art Fair in Seoul, opening May 21 at COEX Magok, is testing an alternative business model that eliminates fixed booth fees. Instead, galleries can choose which services and installations to pay for through a "selective purchase system," with the fair relying on ticket sales, corporate partnerships, and promotional lounges for revenue. The fair features 48 galleries (36 South Korean, 12 international) and 158 artists, with no overlapping artists between galleries, and will display exhibition titles and curatorial statements alongside gallery names.

newspaper The Korea Herald open_in_new Read original