Art News. Vasari Codex

trending_up market schedule Oct 28, 2025 visibility 16 link 11 artists, 1 gallery

top 200 collectors 2025 issue editor letter

The editor's letter for the 2025 ARTnews Top 200 Collectors issue recounts a cinematic moment at Art Week Riyadh in Saudi Arabia, where a government-affiliated collector described their role as "everyone and no one," reflecting the behind-the-scenes, museum-focused art acquisitions under Vision 2030. The issue features a report by Melissa Gronlund on the Gulf art scene, noting that Saudi Arabia is prioritizing museums and noncommercial programming before an independent market can emerge, while private collectors and foundations are also gaining ground. The article also highlights the cooling art market in Europe and the US, with collector Christen Sveaas criticizing blue-chip galleries for over-commercial pricing strategies.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 20, 2025 visibility 21 link 10 artists, 1 gallery

art basel qatar launch february 2026

Art Basel announced a partnership with Qatar Sports Investments (QSI) and QC+ to launch Art Basel Qatar in Doha in February 2026, marking the first major international art fair in the Middle East. The inaugural edition will feature a tightly curated selection of approximately 50 galleries, significantly smaller than Art Basel's other fairs, and will be held at M7, a creative hub in the Doha Design District. A director for the fair will be announced in the coming months.

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trending_up market schedule Dec 26, 2025 visibility 20 link 13 artists, 1 gallery

sothebys saudi arabian auction 2026

Sotheby's will hold its second auction in Saudi Arabia on January 31, 2026, following a successful inaugural sale in Diriyah in February 2024 that netted $17.3 million. The upcoming sale, titled "Origins," features over 70 works by established Saudi Arabian and Middle Eastern artists alongside international names, with top lots including a Pablo Picasso painting estimated at $2–3 million and works by Jean Dubuffet, Roy Lichtenstein, and Andy Warhol. The auction aims to build on lessons from the first sale, which revealed strong demand across price points and generational diversity among buyers.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 13, 2025 visibility 17 link 4 artists

Why is the art market turning Gulf-wards?

The art market is shifting its focus toward the Gulf region, particularly Saudi Arabia and the United Arab Emirates, following a sharp decline in Chinese luxury goods sales (18–20% drop in 2024) and a 31% slump in Chinese art sales. Auction houses like Sotheby’s and Christie’s have established outposts in Saudi Arabia, with Sotheby’s first auction in Diriyah generating $17.3 million and attracting 35% new buyers. The UAE’s tax-haven status and lack of sanctions on Russians have drawn wealthy residents, while Saudi Arabia’s Vision 2030 campaign, led by Mohammed bin Salman, is pouring money into cultural projects such as AlUla, Art Week Riyadh, the Islamic Arts Biennale, and a new teamLab Borderless museum in Jeddah.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Sep 30, 2025 visibility 15 link 3 artists, 1 gallery

bonhams first saudi arabia exhibition

Bonhams, the New York-based auction house, will hold its first exhibition in Saudi Arabia next month. Titled "Judhoor / Roots: The Origins of Saudi Modernism," the three-day show opens October 8 at the LIFT Gallery in Riyadh's JAX District, followed by a London auction on November 25. The exhibition surveys Saudi modern art from early pioneers like Abdulrahman Al Soliman, Safeya Binzagr, and Mohammed Al Saleem to later generations, highlighting works such as Al Saleem's horizon paintings and Al Soliman's 1981 depiction of Al-Ahsa oasis made with local soil. It also features archival material from Dar Al-Funoon, Saudi Arabia's first modern art space, and foregrounds female voices, including Binzagr, the first woman to stage a solo exhibition in the kingdom. A panel discussion will accompany the show, cohosted by collectors Taha Al Kuwaiz and Muneera Al Touq.

newspaper ARTnews open_in_new Read original

trending_up market schedule Mar 17, 2026 visibility 19 link 7 artists, 3 galleries

From oil to canvas: Saudi Arabia’s emerging art economy

Saudi Arabia's art market reached a significant milestone with Sotheby’s second "Origins" auction in Riyadh, headlined by the $2.1 million sale of Safeya Binzagr’s painting "Coffee Shop in Madina Road." This record-breaking event, which nearly doubled its high estimate, underscores the rapid growth of the Kingdom’s art economy under the Vision 2030 plan. The auction saw a mix of local and international buyers, signaling that Saudi artists are increasingly being integrated into the global contemporary art dialogue.

newspaper arabnews.jp open_in_new Read original

trending_up market schedule Feb 2, 2026 visibility 13 link 1 artist

art market minute feb 2

Saudi Arabia is scaling back some of its ambitious 'gigaprojects' under the Vision 2030 plan due to falling oil prices and budget constraints, raising questions about the future of its major cultural investments. This shift occurs as the art world's attention turns to the Gulf region for the inaugural Art Basel Qatar, highlighting the tension between grand cultural ambitions and economic realities in a key emerging art market.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jan 29, 2026 visibility 12 link 6 artists, 2 galleries

Sotheby’s returns to Saudi Arabia with art-only auction

Sotheby's is returning to Saudi Arabia with an art-only auction, marking a significant re-entry into the regional market. The event signals a deepening engagement with the kingdom's burgeoning cultural scene.

newspaper Al-Monitor open_in_new Read original

trending_up market schedule Feb 3, 2026 visibility 17 link 15 artists

Saudi painter Safeya Binzagr outshines Picasso at Sotheby’s second sale in Diriyah

Sotheby's second auction in Saudi Arabia, 'Origins II,' concluded with strong results, achieving a hammer total of $15.4 million and an 89% sell-through rate. The sale demonstrated robust demand for regional artists, particularly Arab Modernists, while some high-profile Western works were withdrawn or failed to sell. The standout lot was a 1968 painting by the late Saudi pioneer Safeya Binzagr, titled 'Coffee Shop in Madina Road,' which sold for $1.1 million, significantly outperforming a Picasso work in the same sale.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Dec 28, 2025 visibility 13 link 3 artists

Sotheby’s auction to feature ‘spiritual mother of contemporary Saudi art’

Sotheby’s will hold its second auction in Saudi Arabia next month, featuring works by Pablo Picasso, Andy Warhol, and Safeya Binzagr, the late artist regarded as the spiritual mother of contemporary Saudi art. The auction, scheduled for January, follows Sotheby’s debut in the kingdom in February, which generated $17.28 million from fine art, designer items, and memorabilia. Unlike the first sale, this auction will focus exclusively on art, responding to stronger demand for Saudi works. Binzagr’s painting *Coffee Shop in Madina Road* (1968) will be a highlight.

newspaper Semafor open_in_new Read original