Uncertainty in the Art Market is Currently Extreme

"Im Moment ist die Verunsicherung auf dem Kunstmarkt extrem"

Prominent Cologne gallerist Gisela Capitain is celebrating her 40th anniversary amid a period of significant market volatility. In recent interviews, she reflects on her career—defined by long-term artist relationships like that with Martin Kippenberger—while critiquing the current state of the art world. She notes that buyers have become increasingly hesitant and deliberate, describing the current level of uncertainty in the art market as extreme and calling for reforms to institutions like Art Cologne.

Renowned Gallery Air de Paris Bankrupted, Closing This Week

Air de Paris, the Paris gallery known for its punk ethos and commitment to cutting-edge Conceptual art, will close this week after 36 years and more than 400 exhibitions, amid bankruptcy proceedings. Founded in Nice in 1990 by Florence Bonnefous and Edouard Merino, the gallery was named after Marcel Duchamp’s 50cc of Paris Air and became legendary for its inaugural show, “Les Ateliers du Paradise,” which featured artists living in the gallery and later influenced critic Nicolas Bourriaud’s theory of relational aesthetics. The gallery moved to Paris in 1994 and later to Romainville in 2019, showing artists such as Paul McCarthy, Raymond Pettibon, Liam Gillick, Pierre Huyghe, and Dorothy Iannone.