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armory show vip day sales report 1234750917

The Armory Show's VIP preview day on Thursday saw long queues and a cautiously upbeat mood at the Javits Center, despite a shaky art market marked by gallery closures and fair cancellations. Dealers reported serious interest and solid sales, including a $1 million work at Galleria Lorcan O’Neill, a Kehinde Wiley painting for $265,000 at Sean Kelly, and a Kennedy Yanko sculpture for $150,000 at James Cohan. The highest-priced work, Alex Katz's 1962 painting *October 2*, was listed at $1.2 million but remained unsold. The fair attracted major collectors like Don and Mera Rubell and institutional figures such as Thelma Golden and Scott Rothkopf, with the Presents section for emerging galleries also seeing brisk sales.

gladstone gallery robert colescott estate representation 1234760508

The estate of Robert Colescott, the influential American painter who died in 2009, has signed with Gladstone Gallery for representation. Gladstone will debut Colescott's work at Art Basel Miami Beach next month and mount its first solo exhibition for the artist in 2025. Colescott is best known for satirical, large-scale paintings like "George Washington Carver Crossing the Delaware: Page from an American History Textbook" (1975), which critiques the exclusion and caricaturing of Black figures in American history and art. The estate sought new representation after its longtime gallery, Blum, closed this summer. Gladstone senior partner Max Falkenstein said the gallery had long admired Colescott and that the partnership felt like a natural fit given the gallery's focus on identity and politics.

abu dhabi to host most expensive art exhibition staged by sothebys in the middle east valued at 150 m 1234753618

Abu Dhabi will host the most expensive art exhibition ever staged by Sotheby's in the Middle East on October 1 and 2, valued at approximately $150 million. The exhibition features six masterpieces by Vincent van Gogh, Paul Gauguin, Frida Kahlo, René Magritte, Camille Pissarro, and Edvard Munch, sourced from major private collections including those of Leonard A. Lauder, Cindy and Jay Pritzker, and Matthew and Kay Bucksbaum. It takes place at the Bassam Freiha Art Foundation on Saadiyat Island Cultural District and marks Sotheby's first public fine art show in the UAE, ahead of its Abu Dhabi Collectors' Week in November.

fall art season new york galleries open 1234750617

Mathieu Borysevicz, founder of Shanghai's Bank gallery, launched a six-month pop-up on New York's Lower East Side earlier this year, aiming to introduce his program to new audiences amid growing Asian art interest in the city. By mid-summer, however, Borysevicz observed a sharp market downturn as collectors withdrew, reflecting a broader trend of gallery closures, lawsuits, and fair cancellations that have marked a turbulent period for the art world.

castle where renoir summered hits market 2650723

The Château de Wargemont, a 19th-century seaside castle in Normandy where Pierre-Auguste Renoir summered and painted, has been listed for sale by Sotheby’s International Realty for €4 million ($4.5 million). The 17-room property, set on 25 acres, is the last great Impressionist site still in private hands and retains original features including Renoir’s dining room mural The Two Hunts, the only in-situ decor by an Impressionist. Renoir was invited there by diplomat and banker Paul Bérard, and the estate appears in several of his works, including Les rosiers à Wargemont (1879), which sold for $7.5 million at Sotheby’s in 2004.

lauren quin joins pace gallery 1234748985

Los Angeles-based painter Lauren Quin has joined Pace Gallery, following the closure of her previous gallery Blum & Poe earlier this summer. Her first exhibition at Pace's Los Angeles space is scheduled for 2026, and her work will also appear in the gallery's booth at Frieze Seoul next month. Quin, known for densely layered abstractions, has been on a rapid ascent since earning her MFA from the Yale School of Art in 2019, with her paintings held by major institutions including the Museum of Contemporary Art in Los Angeles, the Walker Art Center, and the Hirshhorn Museum. Pace founder Arne Glimcher, a longtime supporter, gave Quin a solo show at Pace-affiliated 125 Newbury in 2024, which she credits as a turning point in her practice.

these printers share stories of helping artists bring their visions to life 2670094

Artnet Auctions' Premier Prints and Multiples: Summer Edition sale, open for bidding through April 3, 2025, features iconic works on paper by artists such as Jonas Wood and Lynda Benglis. The article highlights the collaborative process between artists and printers, with firsthand accounts from Emmett Walsh of Ollin Editions and a publisher who worked with Lynda Benglis on a tapestry based on her painting *Rajesh in Rajasthan* (2012–2016). Walsh describes producing Wood's 112-color silkscreen *Kitchen Interior* (2022) over 20 months, while the other publisher recounts a three-year search for weavers to create Benglis's detailed rug.

art market minute jun 30 2662201

London's summer sales season opened with subdued results, totaling just $134.2 million across Christie's, Sotheby's, and Phillips—a 78% drop from the equivalent sales in 2015. A standout lot was Jenny Saville's painting *Mirror* (2011–12), which sold for £2.1 million at Sotheby's on June 24. Meanwhile, a group of art-world power players have launched a new advisory firm called New Perspectives Art Partners, and France has announced a $316 million international architectural competition to expand the Louvre and address chronic overcrowding.

ashmolean museum acquires fra angelico painting 2566049

The Ashmolean Museum in Oxford has raised $4.48 million ($5.8 million) to acquire Fra Angelico's early Renaissance painting "The Crucifixion with the Virgin, Saint John the Evangelist, and the Magdalen" (1420s). The work had been in a private British collection for two centuries and was nearly sold to a foreign buyer until the U.K. government imposed an export deferral in January 2024, giving time for a domestic buyer to step in. The acquisition was completed via a private treaty sale at a discounted price, funded by over 50 donors including chairman Lord Lupton, the National Heritage Memorial Fund, Art Fund, and the Headley Trust.

london summer auctions 2662076 2662076

London's summer auction season saw Sotheby's evening sale bring in $85.7 million, a significant drop from $105 million last year and a 70% decline from $280.1 million in 2015. Christie's opted out of an evening auction entirely, holding only a day sale that netted $12.7 million, while Phillips' combined sales totaled $17.6 million. Highlights included a Tamara de Lempicka painting selling for $10 million, a Jenny Saville drawing setting a new auction record at $2.11 million, and six works from the Dorothy and Roy Lichtenstein collection. The sales were described as 'sensible' by advisor Todd Levin, reflecting a cautious market post-Art Basel.

li hei di market analysis 1234769048

Li Hei Di, a young Chinese-born painter based in London, has emerged as one of the most closely watched artists in the ultra-contemporary market despite its recent downturn. Since joining Pace Gallery in September 2024 as its youngest artist, Li's works have appeared at auction 12 times, with eight sales in Hong Kong. Nearly every lot has exceeded expectations, often doubling or tripling high estimates. A standout was the painting *There Was One Summer Returning Over and Over; There Was One Dawn I Grew Old Watching* (2023), which sold at Sotheby's Hong Kong for HK$2.67 million—more than double its high estimate—setting a new auction record. Auction specialists and dealers emphasize that Li's market reflects a slow, sustained buildup rather than a speculative spike, with bidding and buying activity spanning Asia, Europe, and the United States.

the summer group shows new york city 1234747129

New York galleries are rethinking the traditional summer group show, moving away from ambitious, canon-redefining exhibitions toward more pragmatic, relationship-driven presentations. Dealers and advisers note that these shows now serve primarily to maintain gallery visibility during the slow August season, test emerging artists, and foster networking. The article highlights examples like "Open Eyes" at A Hug from the Art World, curated by 14-year-old Luke Newsom, which balances playfulness with serious curation, featuring works by KAWS, Urs Fischer, and Raymond Pettibon.

sothebys london contemporary evening summer sale report 1234746083

Sotheby's London contemporary evening sale on Tuesday brought in nearly £62.5 million ($84 million), within its pre-sale estimate of £55 million to £74 million. The 48-lot sale achieved an 83% sell-through rate, with five works selling for over £5 million each, led by Tamara de Lempicka's 'La Belle Rafaëla' (1927) at £7.4 million and Pablo Picasso's 'Nu assis dans un fauteuil' (1964–65). The auction saw strong bidding for a Basquiat work on paper, 'Untitled (Indian Head)', which sold for £5.4 million, and a standout result for Yu Nishimura's 'through the snow' (2023), which tripled its high estimate at £230,000.

Gladstone Gallery to Relocate in Seoul, Doubling Exhibition Space

Gladstone Gallery is relocating its Seoul location to the Hannam-dong neighborhood later this year, doubling its exhibition space. Designed by architect Minsuk Cho of Mass Studies, the new outpost will occupy two floors of the 739-28 Hannam Building, across from Pace Gallery and near the Leeum Museum of Art. The space is set to open in late summer ahead of Frieze Seoul in September, with a solo exhibition by Ed Atkins—his first in the city—inaugurating the gallery. Gladstone first opened in Seoul's Gangnam district in 2022, joining a wave of Western galleries entering the Korean market.

art basel miami 2025 exhibitor changes 1234758903

Art Basel Miami Beach 2025 has lost at least eight exhibitors from its main sector since the fair released its initial list over the summer. Among the dropouts are blue-chip galleries including Miguel Abreu, Chantal Crousel, Alison Jacques, Peter Kilchmann, Edward Tyler Nahem, Luisa Strina, and Lia Rumma, as well as Shanghai's BANK gallery. Two galleries, Altman Siegel and Tilton, closed entirely between the list's release and the present. Kasmin changed its name to Olney Gleason and will still participate. Reasons for withdrawal vary: Miguel Abreu chose a solo presentation at Frieze Masters over Miami, citing a "less than stellar" experience the previous year and the burden of three fall fairs. The fair's contract imposes escalating financial penalties for late withdrawals, with galleries owing 50% of their fee after August 1 and 100% after October 1.

top auction results june 2025 2665014

The summer 2025 auction season concluded with total sales of $85.7 million, a significant drop from $105 million the previous year. The top lot, François-Xavier Lalanne's *Grand Rhinocrétaire II* (2003), sold for $16.42 million at Sotheby’s New York, far below last June’s $29 million top price. Other notable results include Tamara de Lempicka’s *La Belle Rafaëla* (1927) at $10.18 million, two Jean-Michel Basquiat works, and a strong showing by Jacek Malczewski’s *Reality* (1908) at Desa Unicum in Warsaw.

This Contemporary Icons Auction Packs Blue-Chip Firepower

Artnet Auctions has launched "Contemporary Icons: Part II," a summer auction now live for bidding through August 20, 2025. The sale features over 100 lots from a single private collection, including works by blue-chip artists such as Rashid Johnson, Jean-Michel Basquiat, Shara Hughes, Marilyn Minter, Tunji Adeniyi-Jones, and Jean-Baptiste Bernadet. Highlights include Johnson's "Write me In" (est. $120,000–$180,000) and Adeniyi-Jones's "ESHU" (est. $60,000–$80,000). Head of post-war and contemporary art Johannes Vogt noted the rarity of an online auction offering so many lots from one cohesive collection, with most pieces acquired in the last 15 to 20 years.

Christie’s presents Post-War to Present as a highlight of its London Summer Season - Christie's

Christie’s has announced its London Summer Season, running from June to August 2025, with the Post-War to Present sales as a central highlight. The season includes live and online auctions, selling exhibitions such as 75 Years of New Contemporaries and Modern British Art: A Selling Exhibition, and cultural partnerships. Key auction highlights include Lynette Yiadom-Boakye's '8pm Zaragoza' (estimate £500,000–700,000), Victor Man's 'The Chandler' (estimate £300,000–500,000), and works by David Hockney, Cecily Brown, KAWS, and Georg Baselitz. The live sale takes place on 26 June, with online bidding from 17 June to 1 July.

project native informant gallery london closes 1234759675

Project Native Informant, a London gallery known for its focus on internet-influenced art, announced it will close after 12 years. Founder Stephan Tanbin Sastrawidjaja cited the volatile global economic, political, and social environment, along with personal factors, as reasons for the decision. The gallery launched in 2013 in a Mayfair garage before moving to the East End, and its final show was a solo exhibition for Sean Steadman that closed over the summer.

art market minute jun 9 2653576

The article reports on a new European Union regulation, Regulation 2019/880, set to take effect on June 28, which will impose stricter import requirements on antiquities and artworks over 200 years old and valued above €18,000. Importers must now prove that such objects were legally exported from their country of origin, even if the export occurred decades ago. This comes amid ongoing tariff confusion in the U.S., adding another layer of complexity for the international art trade. The article also teases a rediscovered J.M.W. Turner painting bought for $500 that could sell for $500,000, and highlights upcoming art hot spots for summer.

dog days art market 2668911

The article reports on a severe downturn in the art market during summer 2025, with gallery closures, declining auction sales, and widespread pessimism. Notable dealers Tim Blum and Adam Lindemann have shut their galleries, and a survey by France's Professional Committee of Art Galleries (CPGA) found 85% of respondents pessimistic about the sector's economic health, with turnover down 6% in 2024. The Art Dealers Association of America (ADAA) canceled its October Art Show in New York, and some dealers are considering small business loans to cover costs. Meanwhile, galleries like Goodman Gallery are embracing e-commerce to adapt.

High-Profile Montreal-Based Art Gallery Opening in Wynwood This Summer

Montreal-based Galerie de Bellefeuille, a commercial gallery founded in 1980 that represents over 100 artists including Damien Hirst, Robert Indiana, Jeff Koons, and Alexander Calder, has announced it will open a 4,000-square-foot location at 136 NW 25th St. in Miami's Wynwood neighborhood this summer. The expansion comes shortly after the gallery's planned U.S. flagship in Midtown New York, and marks the latest in a wave of international galleries establishing a presence in Miami.

The Armory Show jumpstarts New York art market after summer of hand-wringing

The Armory Show opened its 2024 edition in New York with solid sales during the VIP preview on September 4, providing a positive signal for the city's art market after a summer marked by gallery closures and economic uncertainty. The fair saw the return of over 20 galleries that had previously taken a hiatus, including Andrew Kreps, Uffner and Liu, Instituto de Visión, and White Cube for the first time since 1994. Fair director Kyla McMillan emphasized the importance of rooting the fair in New York and praised exhibitors for taking risks with experimental works, such as Nikita Gale's installation 'Interceptor' (2025), which sold for $60,000 before the preview began.

‘Everyone's suffering right now’: New York and Los Angeles gallery Clearing will close

Clearing, the influential New York and Los Angeles gallery that launched the careers of many prominent artists, will close both locations. Founder Oliver Babin announced the closure on August 7, citing crushing overhead costs—rent, shipping, and art fair expenses—that outpaced declining revenue. The gallery opened in 2011 in Bushwick, later moved to the Bowery in Manhattan in 2023, and expanded to Brussels and Los Angeles. Babin described the decision as inevitable, noting that the gallery had been kept alive by hope but now faces no viable path forward. The closure follows a wave of US gallery shutdowns this summer, including Kasmin, Venus Over Manhattan, and Tim Blum’s spaces.

Observer’s 2025 Art Market Recap: Recovery After a Year of Recalibration

After a turbulent start marked by gallery closures and market contraction, the art market in 2025 rebounded decisively, driven by a secondary-market surge in high-quality consignments. Major auction houses reported strong year-end results: Sotheby's projects $7 billion in consolidated sales (up 17%), Christie's expects $6.2 billion (up 7%), and Phillips reported $927 million (up 10%). Key sales included the $272 million Leonard & Louise Riggio collection at Christie's, the $527.5 million Lauder collection at Sotheby's (led by a $236.4 million Gustav Klimt), and the $136 million Karpidas sales. The year began quietly but gained momentum after summer, with deep bidding and strategic pricing driving a 26% increase in Sotheby's auction revenue and an 11% overall rise in fine art sales across Old Masters, Impressionist, Modern, Post-War and Contemporary categories.

London's pre-contemporary art market gets boost from two new summer events

Two new summer events for pre-contemporary art are launching in London: Classic Art London (CAL), running from 23 June to 4 July, and Studiolo, a one-day showcase on 26 June. CAL fills the gap left by London Art Week, which ended in 2024, and features gallery exhibitions across Mayfair, St. James's, Cecil Court, and Belgravia, along with a talks programme at the Society of Antiquaries. Highlights include a rediscovered Titian, a solo show of Paul Nash landscapes, and a focus on Swedish Cubo-Futurist Gösta Adrian-Nilsson (GAN). Studiolo, held at Spencer House, presents art, antiquities, and sculpture.

Fast-Rising Painter Li Hei Di Smashes Auction Record at Sotheby’s Hong Kong

A new auction record for fast-rising Chinese-born painter Li Hei Di was set at Sotheby’s Hong Kong on Sunday evening, with the work *There Was One Summer Returning Over and Over; There Was One Dawn I Grew Old Watching* (2023) selling for HK$2.67 million ($342,824). The price represents a 91-percent increase from the artist’s previous high, set just six months ago, and more than doubled its presale high estimate after a five-minute bidding battle. Li, born in Shenyang in 1997 and based in London, opened their first solo exhibition with Pace in Hong Kong this summer and is the youngest artist on the international gallery’s roster.

UK city council launches £100,000 appeal to buy rediscovered Turner painting

Bristol City Council has launched a one-week public fundraising campaign to raise £100,000 toward purchasing a newly attributed J.M.W. Turner oil painting, *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, which is consigned to auction at Sotheby’s London on 2 July with an estimate of up to £300,000. The painting, made in 1792 when Turner was 17, was previously sold at Dreweatts Donnington Priory for £524.80 as a work by a follower of Julius Caesar Ibbetson. If acquired, the work would go on display at Bristol Museum and Art Gallery this summer and will also be included in the upcoming *Turner and Constable* exhibition at Tate Britain.

MALI PRESENTS ITS 2026 SUMMER AUCTION AND FESTIVE GALA

The Museo de Arte de Lima (MALI) will hold its 15th Summer Auction on February 28, featuring a curated selection of Peruvian art. The lots span from historical Indigenismo works by artists like José Sabogal to contemporary pieces by emerging talents such as Venuca Evanán, encompassing painting and sculpture.

pace di donna schrader secondary market gallery launch 1234764470

Pace Gallery, Emmanuel Di Donna, and David Schrader are launching a new joint gallery called Pace Di Donna Schrader Galleries (PDS), dedicated to secondary-market sales. The boutique operation will begin operations in spring 2026, open a formal space on New York's Upper East Side in summer, and host a major historical exhibition in autumn. The venture is a collaborative model rather than a merger, combining Pace's global reach and estate relationships, Di Donna's connoisseurship, and Schrader's expertise in private sales.