Art News. Vasari Codex

trending_up market schedule Jul 2, 2025 visibility 20 link 11 artists, 4 galleries

princedale modern edward warburton

London-based art advisory Princedale Modern, founded by Edward Warburton in 2022, has marked its second anniversary amid significant shifts in the global art market. Warburton discusses the firm's growth, including scaling alongside the U.K. art market's rise to 18% of global share, and highlights attendance at major art fairs in Basel, New York, Miami, and Paris. He notes that while auction house sales at Christie's, Sotheby's, and Phillips have dropped nearly one-third and the overall market contracted by 12%, private sales have risen 14% and online sales remain strong at 17%.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 1, 2025 visibility 21 link 22 artists, 9 galleries

asia rising morgan stanley artnet

Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 21, 2026 visibility 25 link 10 artists, 2 galleries

Tracey Emin, Katharina Grosse, and More Rally to Raise $2.7 Million for South London Gallery

Christie’s is partnering with the South London Gallery (SLG) on a special selling exhibition featuring works donated by 28 artists, including Tracey Emin, Frank Bowling, Katharina Grosse, Alvaro Barrington, and Ryan Gander. The exhibition is part of SLG’s “SLG Forever” fundraising campaign, which aims to raise £2 million ($2.7 million) to renovate the gallery’s historic Victorian building and support its outreach programs. The show will be open to the public at Christie’s London from June 5–25, with extended hours during London Gallery Weekend, and will continue online until September 30.

newspaper Artnet News open_in_new Read original

trending_up market schedule Feb 4, 2026 visibility 26 link 16 artists, 2 galleries

ken griffin basquiat stephen friedman gallery

London's Stephen Friedman Gallery is facing serious financial difficulties, with its 2024 financial reports overdue and its 2023 accounts revealing a loss of £1.7 million. The gallery, which recently expanded with a large new London space and a New York outpost, is reliant on external financing and negotiations with creditors to continue operating, casting significant doubt on its future viability.

newspaper Artnet News open_in_new Read original

trending_up market schedule Feb 23, 2026 visibility 20 link 10 artists, 9 galleries

gulf art market

The Gulf region is rapidly transforming into a primary axis for the international art trade, marked by the upcoming debut of Art Basel Qatar and the rebranding of Abu Dhabi Art as a Frieze event. While state-led museum projects have long dominated headlines, a surge of commercial activity is now taking hold as blue-chip galleries like Pace and David Zwirner join local stalwarts. This expansion comes at a strategic time as traditional markets in the U.S., U.K., and China face contraction.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jul 3, 2025 visibility 16 link 13 artists

turner rediscovered masterpiece auction

A rediscovered oil painting by J.M.W. Turner, titled *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, sold for £1.9 million ($2.6 million) at Sotheby’s Old Masters and 19th Century Paintings evening auction in London—more than six times its high estimate. The work, painted in 1792 when Turner was 17, had been misattributed and sold for just $506 at a Dreweatts auction the previous year. After cleaning revealed Turner’s signature, scholars confirmed its authenticity, and it was identified as Turner’s first publicly exhibited oil painting, exhibited at the Royal Academy in 1793. The winning bidder was a private collector in the U.K., outbidding Bristol Museum and Art Gallery, which had raised over £100,000 from donors in a failed attempt to acquire the work.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jun 5, 2025 visibility 15 link 5 artists

ashmolean museum acquires fra angelico painting

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.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 1, 2025 source 2 sources visibility 12 link 9 artists

state of the art market an analysis of global auction sales in the first five months of 2022

Artnet News, in collaboration with Morgan Stanley and the Artnet Price Database, analyzed global auction sales from January through May 20 for the years 2018 to 2022. The total auction sales for the first five months of 2022 reached $5.7 billion, just barely exceeding the previous high set in 2018. The sell-through rate was 73.4%, the second highest in the period examined. The average price of a work sold surged 180% from 2020 and 26% from 2021, driven by pent-up supply of high-value works. Sales of works priced at $10 million and above grew nearly 50% year-over-year, fueled by major consignments from the estates of Thomas and Doris Ammann, Anne Bass, and Harry and Linda Macklowe. Meanwhile, sales of works under $10,000 increased 43% since 2018, partly due to the rise of online auctions during the pandemic.

newspaper Artnet News open_in_new Read original

trending_up market schedule Nov 17, 2025 visibility 13 link 7 artists

art market minute nov 17

The U.K. Crown Prosecution Service has charged Hauser & Wirth and an art shipping firm with violating criminal sanctions by making George Condo's 2021 work on paper, *Escape from Humanity*, available to a person connected to Russia in 2022. Separately, Frida Kahlo's 1940 painting *El sueño (La cama)*, estimated at $40–60 million, will be auctioned at Sotheby's on November 20, potentially yielding a 78,400 percent return for its consignor. Qatar is also planning the first duty-free art storage unit in the Gulf.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 1, 2025 visibility 15 link 12 artists

art shipping in turmoil as tariffs trigger delays

President Trump's tariff policies are causing significant disruption in the art shipping industry, despite artworks themselves remaining largely exempt from import taxes under U.S. law. While Section 1702(b) of the IEEPA protects artworks, books, and films from presidential trade restrictions, antiques and design objects are subject to a 10 percent universal tariff, creating confusion for customs officers. Meanwhile, changes to de minimis rules—lowering the threshold for formal customs processing from $2,500 to $800—have forced DHL to temporarily suspend certain shipments and caused multi-day delays. Smaller art dealers relying on global logistics firms are particularly affected, as bespoke fine-art shippers like Crozier, UOVO, and Cadogan Tate are often too expensive for lower-value works under $10,000.

newspaper Artnet News open_in_new Read original

trending_up market schedule Dec 16, 2025 visibility 19 link 6 artists, 1 gallery

artists market

Artnet News reports on how the recent art market downturn has severely impacted working artists, particularly those reliant on mid-tier galleries. Following a three-year contraction driven by higher interest rates and reduced spending, many galleries have closed or cut costs, leading to fewer exhibitions, delayed payments, and precarious incomes for artists. Some have been dropped by their galleries, while others have taken on second jobs or shifted toward corporate-sponsored public commissions. The article includes data showing low median earnings for artists in the U.S., Germany, and the U.K., and quotes gallerist Facundo Argañaraz on the stigma artists face when pivoting careers.

newspaper Artnet News open_in_new Read original

trending_up market schedule Nov 20, 2025 visibility 11 link 6 artists, 1 gallery

ronnie wood rolling stones prints 50th year

Ronnie Wood, guitarist for the Rolling Stones, has released a new series of artworks titled "Paint It Black" to mark his 50th anniversary with the band. The paintings, which depict Wood and his bandmates Mick Jagger, Keith Richards, and the late Charlie Watts, went on view at Redhouse Gallery in Harrogate, U.K. Signed, personalized prints are available in limited editions of 100, priced at £1,250 each. The release coincides with a reissue of the album "Black and Blue" (1976), Wood's first as an official band member.

newspaper Artnet News open_in_new Read original

trending_up market schedule Mar 25, 2026 source 2 sources visibility 25 link 7 artists

Introducing the Intelligence Report: The Year Ahead 2026

The art auction market showed signs of recovery in 2025, with total sales increasing for the first time since 2021, driven by a strong late-season surge in New York. The U.K. market grew by 11.3%, aided by major sales like the $136 million dispersal of Pauline Karpidas's Surrealist collection, while the ultra-contemporary sector declined for a fourth year as investment flowed to established Impressionist and Modern works.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 28, 2025 visibility 11 link 2 artists

beowolff capital artnet takeover

Investment group Beowolff Capital has announced a voluntary takeover offer for Artnet, valuing the company at approximately €65 million ($73.7 million). Beowolff Capital, a U.K.-registered firm led by CEO Andrew Wolff, has already secured 65% of Artnet's shares and plans to delist the company from the Frankfurt Stock Exchange. The deal includes the purchase of a 29.99% stake from Weng Fine Art AG, ending a long-running control struggle. Artnet's management supports the offer, which is expected to close on May 30, 2025.

newspaper Artnet News open_in_new Read original

trending_up market schedule Mar 18, 2026 visibility 8 link 1 artist

Rare Atlas Owned by Queen Mary I Heads to Market—With $1.6 Million Price Tag

A rare 16th-century atlas, once owned by Queen Mary I of England, is being offered for $1.6 million at the New York Antiquarian Book Fair. The volume, which contains unique early maps of Britain, was acquired by dealer Barry Lawrence Ruderman Antique Maps Inc. for $227,000 just two years ago and is now presented as a major artifact of Tudor history.

newspaper Artnet News open_in_new Read original

trending_up market schedule Nov 26, 2025 visibility 8 link 1 artist

Global share of contemporary art auction revenue 2024

A Statista chart published in April 2025 shows the geographical distribution of post-war and contemporary art auction revenue worldwide in 2024. The United States dominated with 48% of the combined post-war and contemporary market, followed by China (17%), the United Kingdom (15%), France (6%), Germany (2%), and other countries (11%). When broken down, the U.S. held 50% of post-war and 45% of contemporary revenue, while China captured 13% of post-war and 25% of contemporary revenue, reflecting its stronger position in the contemporary segment.

newspaper Statista open_in_new Read original