Art News. Vasari Codex

trending_up market schedule Aug 23, 2025 visibility 20 link 16 artists, 2 galleries

How the wealth transfer from Boomers to their children will shake up the art market

The article examines how the transfer of wealth from Baby Boomers to younger generations is reshaping the Australian art market. As Boomers downsize or pass away, their tightly held collections—featuring artists like Grace Cossington Smith, Howard Arkley, and Brett Whiteley—are entering auction houses, creating rare buying opportunities. Meanwhile, younger collectors (Gen X, Millennials, Gen Z) face economic uncertainty, leading to a softening in the ultra-contemporary market and a decline in NFTs. New models of online and agency representation are bypassing traditional galleries, and galleries themselves are undergoing generational change, with some closing and others like Ames Yavuz and D'Lan Contemporary expanding.

newspaper SMH.com.au open_in_new Read original

trending_up market schedule Jul 28, 2025 visibility 25 link 2 artists, 9 galleries

taipei dangdai cancels 2026 edition art assembly

Taipei Dangdai, the art fair in Taiwan, has canceled its 2026 edition as organizers undertake a "strategic re-evaluation" of the fair's model, timing, scale, and format. The fair, which held its sixth edition in May 2025, is part of The Art Assembly, a conglomerate overseeing three regional Asian fairs including Art SG and Tokyo Gendai. The number of participating galleries dropped from over 90 in its 2019 inaugural edition to 54 in 2025, with no mega-galleries participating this year. The announcement follows a similar "strategic pause" by the Art Dealers Association of America (ADAA) for its flagship fair, The Art Show, and comes amid broader challenges for the fair's organizer, Angus Montgomery Arts, which also canceled recent editions of Photofairs in Hong Kong and New York.

newspaper ARTnews open_in_new Read original

trending_up market schedule Sep 24, 2025 visibility 19 link 5 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

trending_up market schedule Sep 24, 2025 visibility 13

Meet the new faces of Australian art

Australia's biggest annual art sales weekend, centered on the Sydney Contemporary fair held September 11 and 14, 2025, attracted a record 26,440 ticket buyers across its 12 editions. However, total booth sales fell for the third consecutive year to $16 million, down from a peak of $23 million in 2022. Gallerists report that market activity has shifted from works over $100,000 to those around the $50,000 mark, indicating a cooling in the high end of the market.

newspaper AFR open_in_new Read original

trending_up market schedule Sep 14, 2025 visibility 10

This painting sold for most in the biggest weekend of art sales

Sydney Contemporary, Australia's largest art fair, saw record attendance and stronger sales in its 2025 edition, recovering from a dip the previous year. The fair, now 12 years old, may surpass its 2022 record of $23 million in sales, though final figures won't be known until mid-week.

newspaper AFR open_in_new Read original

trending_up market schedule Sep 5, 2025 visibility 13

Would you pay $48,000 for a drawing by a 9yo King Charles?

Sydney art dealer Justin Miller is offering a crayon drawing of a sailing boat by a nine-year-old King Charles III at the Sydney Contemporary art fair at Carriageworks, with a price tag of $48,000. The artwork, created by the future monarch during his childhood, is being presented as a rare collectible tied to royal history.

newspaper AFR open_in_new Read original