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Robert Therrien Estate Leaves Gagosian After Nearly Three Decades and Joins David Zwirner

The Robert Therrien estate has left Gagosian after nearly three decades and joined David Zwirner, a rival mega-gallery. The move follows a major survey of the late sculptor's work at the Broad museum in Los Angeles, which featured 120 works and was the largest exhibition of his career. Therrien, who died in 2019, is best known for monumental sculptures of domestic objects, such as Under the Table (1994), and his towering plate columns held by institutions including the Tate and Glenstone.

david zwirner yoshitomo nara artist representation

David Zwirner gallery announced it will now officially represent Japanese artist Yoshitomo Nara, with his first solo exhibition planned at Zwirner's New York space. The representation deal was brokered through Nara's international agent Joe Baptista and his Equivalence Art Agency. Baptista was previously a partner at Pace Gallery, Nara's longtime representative, and his departure from Pace had not been publicly announced. Nara was also long represented by Blum Gallery, which closed earlier this year after its final Nara show in Los Angeles. Pace Gallery CEO Marc Glimcher expressed surprise but said Pace will continue to have a relationship with the artist.

The Business of KAWS: What Data and a Museum Show Reveal About His Market

The San Francisco Museum of Modern Art (SFMOMA) is currently hosting a major survey of KAWS, marking the final stop of a three-city tour that highlights the artist's unique blend of commercial savvy and institutional ambition. The exhibition features a range of works from diamond-encrusted sculptures for Kid Cudi to a 'genius' membership drive that sold 1,000 KAWS-branded museum memberships at $300 each. Despite a significant cooling in his auction results—dropping from a 2019 peak of $112.9 million to just $7.72 million last year—the artist continues to draw massive crowds, particularly among younger demographics.

martha diamond estate thaddaeus ropac

Thaddaeus Ropac has announced global representation of the Martha Diamond Trust in collaboration with David Kordansky Gallery. The late New York painter, who passed away in 2023, is known for her expressive, gestural cityscapes of Manhattan that balance abstraction and figuration. The partnership aims to elevate Diamond’s international profile, beginning with her first European museum survey at the Sara Hildén Art Museum in Finland in 2026, followed by a solo exhibition at Ropac’s Paris gallery in 2027.

olivia barrett chateau shatto

Olivia Barrett, co-founder of the Los Angeles gallery Château Shatto, is pivoting her business strategy to navigate a cooling art market and a post-boom landscape in Southern California. After moving to the Melrose Hill art corridor, Barrett is shifting away from the high-velocity art fair model to focus on a more curated, historical program. This includes integrating 20th-century estates and secondary-market works from artists like Alice Rahon and Emily Kam Kngwarray alongside contemporary voices like Aria Dean.

mnuchin gallery to close

Mnuchin Gallery, a blue-chip art gallery on Manhattan's Upper East Side, will close at the end of February after 34 years, following the death of its founder Robert Mnuchin in December at age 91. The gallery, known for museum-quality exhibitions of Modern and postwar art, concluded its final show—a survey of Julian Schnabel's plate paintings—on Saturday. Partner Michael McGinnis said the decision to close was made to end on a high note, honoring Mnuchin's passion and vision.

4 takeaways art business conference hong kong

Hong Kong's inaugural Art Business Conference brought together government officials, legal experts, and financiers to examine the city's strategic advantages as an art trading hub. Key takeaways included the need to maintain cultural exchange as a national strategy under China's 14th Five-Year Plan, with the West Kowloon Cultural District receiving over $6.5 billion in government funding. The Art Basel and UBS Survey of Global Collecting 2025, authored by Clare McAndrew, revealed that ultra-wealthy collectors are now allocating up to 20 percent of their wealth to art, up from 15 percent in 2024, as an estimated $83 trillion in intergenerational wealth transforms art trading into a sophisticated professional network.

art market minute jul 21

Emily Kam Kngwarray, the prolific Aboriginal artist who began painting in her 70s, is receiving belated international recognition nearly two decades after her death. A landmark survey of her work is currently on view at Tate Modern in London, while major galleries and auction houses are selling her pieces for record prices. The article, part of Artnet News's 'Art Market Minute' series, examines which of Kngwarray's works fetch the highest prices and where market growth potential remains.

conditional authenticity appraisal reports recent cases

A Paris court seized 135 allegedly stolen paintings from Paris-based art authenticators ArtAnalysis in January, which had been holding the works for collector Mozes Frisch. The pieces are part of a 1,778-work collection supposedly by heavyweight Russian modernists. Palestinian businessman Uthman Khatib and his son Prince Castro Ben Leon claim the works were stolen from them by Frisch in 2019, and are suing in Germany for return of the works or $323 million. ArtAnalysis owner Laurette Thomas, Frisch, and collector Olivia Amar are countersuing Khatib for return of the Paris-held works plus $30.5 million in damages. The Khatibs' law firm Dentons hired Doerr Dallas Valuations to appraise the 135 disputed works, which assigned a $208 million valuation but included a caveat, likely related to the fact that many works were listed on the Art Loss Register in 2014 during an investigation into disgraced Israeli art dealer Itzhak Zarug, who was suspected of dealing fakes.

estate of susan rothenberg who fused symbolism with abstraction joins hauser wirth

Hauser & Wirth, the mega-gallery with locations across three continents, has announced its representation of the estate of Susan Rothenberg, the influential painter who died in 2020. Rothenberg, known for her psychologically charged works featuring horses, disembodied limbs, and uncanny landscapes, was previously represented by Sperone Westwater gallery from 1987 until her death. The gallery will debut Rothenberg's work at Art Basel in June 2025, followed by her first solo exhibition with Hauser & Wirth in New York in September 2025.

The Art Market Returns to Growth

Confidence in the art market is rising, with a significant increase in dealers expecting sales growth in 2026 according to the latest Art Basel and UBS Global Art Market Report. The report, authored by economist Clare McAndrew, notes that 43% of dealers anticipate improvement, a 10-point jump from the previous year, though recovery remains uneven due to high costs and trade barriers.

palestinian artist samia halabys market rise to continue this fall

Palestinian American artist Samia Halaby has experienced a dramatic surge in market value and institutional recognition over the past decade, with eight of her top 10 auction results occurring in the last three years. A Christie's sale in May 2025 saw her 2013 painting *Water Lilies* sell for $138,600, more than triple its 2020 result, while her 1974 work *Mediterranean #279* set her current auction record at £400,000 ($534,000) in 2020. Her first US museum survey opened in 2024 at Michigan State University's Eli and Edyth Broad Art Museum, and her work has been shown at MoMA, Tate Modern, and the Centre Pompidou, which acquired a piece last year.

dog days art market

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.

Art Fair Report: Stress Test

Art Basel Hong Kong 2026 drew 91,500 visitors and featured 240 galleries at the Convention and Exhibition Centre, alongside over 100 galleries at Art Central, three new boutique fairs, four new art spaces, multiple auction previews, and dozens of institutional shows and gallery openings. Despite a challenging 2025 that saw mega-galleries Pace and Perrotin close their Hong Kong spaces and auction results hit an eight-year low, blue-chip galleries reported strong sales, including David Zwirner’s USD 3.8 million sale of Liu Ye’s "Snow White" (2006) and Hauser & Wirth’s USD 2.95 million sale of a Louise Bourgeois work. The prevailing sentiment among collectors and gallerists was cautious optimism, with the phrase "Are you surviving?" overheard frequently.

shanghai art021 west bund art recap

Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.

gen z art collecting continuum 2025

The Art Basel & UBS Survey of Global Collecting 2025 reveals that Gen Z collectors are reshaping the art market by treating art, sneakers, digital assets, and luxury goods as a single continuum of collectibles. Gen Z allocates 26% of their total wealth to art and collectibles—the highest of any generation—and spends 56% of that on non-traditional items like limited-edition sneakers, handbags, and digital artworks. Digital art ownership has rebounded sharply, with 23% of collectors planning to buy digital works, up from 19% in 2024, and Gen Z shows the strongest appetite for sculpture.

christies sale david hockney christopher isherwood

Christie’s will offer David Hockney’s double portrait *Christopher Isherwood and Don Bachardy* (1968) as a marquee lot in its 20th-century evening sale in New York this November. The painting depicts the English writer Christopher Isherwood and his American artist partner Don Bachardy in their Santa Monica home, and is the first of Hockney’s seven double portraits. No estimate has been announced. The work was previously featured in the “David Hockney 25” survey at the Fondation Louis Vuitton in Paris and in a 2017–18 Hockney retrospective that traveled from Tate Britain to the Centre Pompidou and the Metropolitan Museum of Art.

Robert Mnuchin’s Storied Art Gallery Townhouse Lists for $35 Million

The six-story, 17,600-square-foot Upper East Side townhouse that housed Robert Mnuchin's blue-chip gallery for over three decades has been listed for $35 million. Mnuchin and his second wife Adriana bought the 106-year-old property in 1983, and after an 18-month renovation, they lived there for 12 years before the gallery occupied the space from 1992 until Mnuchin's death in 2024. The gallery hosted major shows for artists including Willem de Kooning, Jeff Koons, Ed Clark, and Mary Lovelace O'Neal. The listing comes just months after the announcement that Mnuchin Gallery would close, and four months after Sotheby's sold $166.3 million worth of art from Mnuchin's collection.

Discover 10 Highlights from Art Basel Paris 2025

Art Basel Paris 2025, now in its fourth edition, took place from October 22–26 at the restored 1900 Paris Exposition venue, a Beaux-Arts landmark with Art Nouveau iron and glasswork. The fair hosted 206 international galleries and introduced a new 'Avant-Première' V.V.I.P. day on October 21, where each gallery could allocate six guest passes. Blue-chip sales were swift, led by Hauser & Wirth selling Gerhard Richter's *Abstraktes Bild* (1987) for $23 million to a European collector. Other notable sales included Bruce Nauman's neon sculpture *Masturbating Man* for over $4.7 million and Amedeo Modigliani's *Jeune fille aux macarons* (1918) for $10 million at Pace Gallery. The fair also featured curatorial sectors Emergence (16 solo presentations by emerging artists) and Premise (ten historical projects with works predating 1900).

At Sotheby’s, a $70M Giacometti Fails to Sell While Works By Munch and Cézanne Ignite Buyer Excitement

Sotheby’s Modern Evening Auction on May 13, 2025, achieved $186.4 million in sales but was overshadowed by the failure of its headline lot: Alberto Giacometti’s hand-painted bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70 million. The work, consigned by the Soloviev Foundation, went unsold after minimal bidding, lacking a guarantee or irrevocable bid. Other highlights included a strong performance by Edvard Munch and Paul Cézanne works, with 40% of lots exceeding high estimates. Notable sales included Georgia O’Keeffe’s *Leaves of a Plant* ($12.97 million) and Alexander Calder’s *Four Big Dots* ($8.285 million), both fresh to market.

Rothko from Robert Mnuchin collection fetches US$85.8m, becoming artist’s second-priciest work at auction

A red-and-black Mark Rothko painting, *Brown and Blacks in Reds* (1957), sold for US$85.8 million at Sotheby’s New York on May 14, becoming the artist’s second-most expensive work at auction. The canvas came from the collection of Robert Mnuchin, a former Goldman Sachs partner turned gallerist, and was the star lot of a dedicated 11-lot evening sale that totaled US$166.3 million. The winning bid was placed by Sotheby’s chairman Helena Newman on behalf of a telephone client, with the hammer falling at US$74 million against an estimate of US$70–100 million. The painting was originally owned by Joseph E. Seagram & Sons and hung in the lobby of the Seagram Building, a landmark of corporate modernism designed by Ludwig Mies van der Rohe and Philip Johnson.

Sotheby’s Opens the London Spring Marquee Sales With a £131M White-Glove Night

Sotheby’s London kicked off the spring auction season with a "white-glove" Modern & Contemporary Evening Sale, totaling £131 million ($176 million). Despite significant geopolitical instability and market anxiety following recent escalations in the Middle East, the auction achieved a 100 percent sell-through rate across 54 lots. Key highlights included works by Andy Warhol, a Claude Monet landscape once owned by John Singer Sargent, and a Jean-Michel Basquiat painting that sold for £3.7 million after a mid-sale renegotiation.

$60 M. Lichtenstein Comes to the Block at Christie’s, Potentially Joining His Priciest Works at Auction

Christie’s will offer Roy Lichtenstein’s 1964 painting *Anxious Girl* from the collection of legendary New York collector-dealer Holly Solomon and her husband Horace, with an estimate of $40–60 million. If it reaches its high estimate, it will become the artist’s second-priciest work at auction, trailing only *Nurse* (1964), which sold for $95.4 million in 2015. The work leads Christie’s 20th-century evening sale on May 18, amid a flurry of high-value consignments as both Christie’s and Sotheby’s aim to sustain momentum after posting improved 2025 results.

bonhams new hq 111 west 57th street

Bonhams has opened its new U.S. headquarters at 111 West 57th Street in New York, moving from its longtime Madison Avenue location into a 42,000-square-foot space within the restored Steinway Hall. The design features an 80-foot glass atrium, a grand staircase, and restored historic elements, aiming to create a transparent, cultural-center-like atmosphere rather than a traditional salesroom.

christies h1 2025 auction sales report

Christie’s announced a projected sales total of $2.1 billion for the first half of 2025, matching its H1-2024 figure. While art categories like Impressionist, modern, and Old Masters saw modest growth—Old Masters sales rose 15% to $55 million—luxury categories (handbags, watches, cars, jewelry) surged nearly 30% to $468 million, now accounting for 22% of the total. Notable sales included René Magritte’s *La reconnaissance infinite* (1933) for £10.3 million and Piet Mondrian’s *Composition with Large Red Plane, Bluish Grey, Yellow, Black, and Blue* (1922) for $46.7 million. Guaranteed lots remained low at 1.5%, and the sell-through rate held steady at 88%.

malba acquires daros latinamerica collection expansion

Malba, the Museum of Latin American Art of Buenos Aires, has acquired the Daros Latinamerica Collection, a private trove of 1,233 works by 117 artists spanning the 1950s to 2010s. The deal, orchestrated by founder Eduardo F. Costantini, nearly doubles the museum's holdings to roughly 3,000 works and is part of a broader expansion timed to Malba's 25th anniversary in 2026, including a building extension beneath Plaza Perú that will double its footprint to 90,000 square feet.

tamara de lempicka boucard christies auction

Christie’s London is auctioning Tamara de Lempicka’s 1928 painting *Portrait du Docteur Boucard*, which has not been seen on the market in 40 years. The work, depicting doctor and bacteriologist Pierre Boucard, is expected to sell for between £5 million and £8 million ($6.18 million and $9.89 million). The sale coincides with the close of Lempicka’s historic retrospective at San Francisco’s de Young Museum—the first U.S. survey of the Art Deco master—and ahead of its opening at the Museum of Fine Arts Houston.

marlene dumas miss january rubell family christies auction

A Marlene Dumas painting, *Miss January* (1997), sold for $13.6 million at a Christie’s auction, making the South African artist the most expensive living female artist at auction. The work, consigned from the Rubell Family collection, had an estimate of $12–18 million and was backed by a third-party guarantee. It was won by an anonymous telephone bidder represented by Sara Friedlander, Christie’s deputy chairman for postwar and contemporary art.

these galleries dropped out of art basel miami beach heres what happened next

Several galleries withdrew from Art Basel Miami Beach 2024 amid rising costs and a contracting art market, leaving some like San Francisco's Altman Siegel facing cancellation fees despite closing. Claudia Altman-Siegel, who shut her gallery, owed $22,000 after missing the free-cancellation deadline. Other dealers, including Miguel Abreu, Tilton Gallery, and Sperone Westwater, navigated the fair's strict payment terms for different reasons—some pulling out early to avoid penalties, others proceeding despite business challenges. The fair proceeded with 283 exhibitors and reported strong sales, including an $18.5 million Joan Mitchell painting, signaling a potential market upturn.

ai art market revolution

A survey by PwC found that 88% of U.S. companies plan to increase AI budgets, and the art world is following suit. The article explores how AI is infiltrating the art market beyond controversial authentication and IP issues, covering topics like autonomous agents, data privacy, logistics partnerships (Carpenters Workshop Gallery with Convelio), and new AI-powered search tools being developed by Artnet using Google's Gemini. It also notes that collector Jorge Pérez used AI assistance to acquire 24 works at Art Basel in Basel.