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trending_up market schedule May 18, 2026 visibility 40 link 13 artists, 4 galleries

Pace Gallery Lands Brancusi Estate on Eve of Potential $100 Million Sale

Pace Gallery has secured global representation of the Constantin Brancusi Estate, announcing plans for a London exhibition this fall curated by art historian Jérôme Neutres. The news coincides with the auction of Brancusi's 1917 sculpture *Danaïde* at Christie's New York, estimated at $100 million, from the collection of late media mogul S.I. Newhouse. The estate was previously represented by Kasmin gallery, which closed last year. Pace's CEO Marc Glimcher emphasized the gallery's investment in modernist expertise and its ambition to become a market center for Brancusi works.

newspaper Artnet News open_in_new Read original
trending_up market schedule Jan 13, 2026 visibility 29 link 16 artists, 3 galleries

berlin mehdi chouakri gallery temporary pause

Berlin’s Galerie Mehdi Chouakri announced a temporary pause from exhibitions after nearly thirty years and around 250 shows. Owner Mehdi Chouakri cited personal reasons and the increasing demands of the traditional primary market model. The gallery will continue to represent its estates and living artists through collaborations, and may mount a new exhibition as soon as fall 2025. The pause follows a difficult year for galleries globally, with several high-profile closures and retrenchments.

newspaper ARTnews open_in_new Read original
trending_up market schedule Apr 27, 2026 visibility 30 link 12 artists, 5 galleries

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

newspaper Artforum open_in_new Read original
trending_up market schedule Apr 15, 2026 visibility 38 link 7 artists

ken griffin global recession iran strait of hormuz

Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.

newspaper ARTnews open_in_new Read original
trending_up market schedule Apr 29, 2026 source 2 sources visibility 19 link 4 artists, 3 galleries

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

newspaper ARTnews open_in_new Read original
trending_up market schedule Apr 20, 2026 visibility 16 link 4 artists, 1 gallery

Inside Sotheby’s Latest Financial Maneuvers

Sotheby's is under financial scrutiny due to two key developments. A New York real estate broker has filed a $10.2 million lawsuit against the auction house over commissions from the sale of its former Manhattan headquarters, a claim Sotheby's disputes. Concurrently, the company has launched a new delayed-payment program for clients, raising questions about its liquidity.

newspaper Artnet News 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

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