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one takeaway from art basel it remains a buyers market

Art Basel 2025 saw cautious buying despite optimistic statements from major dealers like Pace's Marc Glimcher, who claimed sales velocity was as vigorous as any year. However, collector attendance was thin, with American attendance down for the second year running due to trade tensions and geopolitical concerns. Deals were closing at 20 to 30 percent below asking prices, confirming a buyer's market. Sales ranged from a $245 collectible Labubu figurine by Kasing Lung to works by Wei Libo, Joyce Joumaa, Lonnie Holley, Joan Jonas, Hao Ling, Sarah Lucas, and Rosemarie Trockel, with most activity under $1 million.

new money new taste intel report march 2025

The article, part of Artnet's Intelligence Report, profiles the rise of a new generation of art collectors, exemplified by Justine Freeman, granddaughter of legendary patron Betty Freeman. It highlights how millennials and Gen Z, who accounted for a quarter to a third of bidders at major auction houses in 2024, are reshaping the market by focusing on ultra-contemporary artists like Jadé Fadojutimi and Hilary Pecis, as well as nontraditional collectibles such as sneakers and Hermès bags. Notable sales include Maurizio Cattelan's banana artwork "Comedian" for $6.2 million to a 34-year-old crypto entrepreneur.

labubu art history

An ancient bronze artifact at China's Luoyang Museum has gone viral for its striking resemblance to Labubu, a wildly popular collectible toy created by Hong Kong artist Kasing Lung in 2015. The artifact, an Eastern Zhou Dynasty ceremonial danglu used as horse armor, dates to the Spring and Autumn period (770–476 B.C.E.) and is on display until August. Meanwhile, some internet users have drawn comparisons between Labubu and the Mesopotamian demon Pazuzu, sparking baseless conspiracy theories and TikTok warnings from overly devout Christians.

leon black ronald lauder epstein files

Newly released documents from the Jeffrey Epstein investigation reveal that billionaire art collectors and Museum of Modern Art trustees Leon Black and Ronald Lauder have co-owned several major artworks for decades. The files, made public by the U.S. Department of Justice, confirm long-standing rumors of their joint acquisitions, including a Max Beckmann self-portrait and two Ernst Ludwig Kirchner works, purchased for a total of $31.6 million and later appraised at $93.5 million.

bing crosby collection sothebys auction

The private collection of Hollywood icons Kathryn and Bing Crosby sold at Sotheby's for $6.7 million on December 18. The white-glove auction, held at Sotheby's new Breuer Building location on Manhattan's Upper East Side, surpassed its pre-sale high estimate of $6.3 million, with two-thirds of the lots exceeding their high estimates. The nearly 200-lot sale featured fine art, furnishings, and collectibles, with the top lot being Alfred James Munnings' painting *On the Moors* (1914), which sold for $1.2 million. Other highlights included works by Charles Marion Russell, Pierre-Auguste Renoir, and Corot, as well as nearly 50 lots of Fabergé items that achieved $2 million in sales.

design miami exhibitors art craft design

At Design Miami 2025, artist Nicole Cherubini presented monumental ceramic sculptures at Friedman Benda's booth, alongside Molly Hatch's installation of 288 ceramic plates at Todd Merrill's booth. The fair, curated under the theme "Make.Believe" by Glenn Adamson, saw 15 previous exhibitors drop out due to President Trump's tariffs—including a 50 percent tariff on steel and aluminum—while eight more booths appeared overall, dominated by younger, emerging talent and organic, pastel-hued designs. Established galleries like Donzello, Patrick Seguin, and Sarah Myerscough did not return, while first-time exhibitors included Arte y Ritual and Mass Modern Design.

paint drippings art industry news nov 14

This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.

bottega veneta max lamb chairs

Bottega Veneta unveiled its Winter 2025 collection at Milan Fashion Week, staged within the brand’s new headquarters at the historic Palazzo San Fedele. Creative director Louise Trotter collaborated with British designer Max Lamb to create a massive site-specific installation consisting of 421 sculptural white chairs for the audience. The set design drew inspiration from Lamb’s "60 Chairs" project, where he rapidly fabricated furniture from polystyrene slabs.

alejandro jodorowsky taschen art sin fin monograph

Taschen has released a monumental two-volume monograph titled "Art Sin Fin" (2026) dedicated to the 96-year-old Chilean filmmaker and polymath Alejandro Jodorowsky. The book, priced at $1,500 and packaged in a Plexiglass box, spans over 2,000 pages and includes film stills, collages, drawings, photographs, comic strips, and performance images curated by Jodorowsky himself in collaboration with Donatien Grau, head of contemporary programs at the Louvre Museum. It covers his entire career, from his surrealist films "El Topo" (1970) and "The Holy Mountain" (1973) to his failed "Dune" adaptation, his comic series like "The Incal" and "The Metabarons," his psychomagic therapy practice, and recent collaborations with his wife Pascale Montandon.

isamu noguchi museum award industry moves

The Isamu Noguchi Foundation and Garden Museum has announced the 2025 award honorees: architect-designer Mira Nakashima and sculptor Kan Yasuda, who will receive the 12th annual award at the museum's 40th anniversary benefit on November 17. In other industry moves, the Whitney Museum acquired digital artworks by Gretchen Andrew and Michael Mandiberg; Hesse Flatow added San Francisco-based artist Emily Harter to its roster; Alexander Gray Associates now represents Kamrooz Aram; Fong Chung-Ray joined Alisan Fine Arts; and Hakim Bishara was named editor-in-chief of Hyperallergic. Additionally, Ari Emanuel raised $2 billion in equity to fund Mari, a holding company that owns Frieze, tennis tournaments, and a majority stake in Barrett-Jackson auction house.

design market report 2025 auction results tiffany lalanne

Amid a sluggish broader art market, the design category is surging. Major auction houses—Sotheby’s, Christie’s, and Phillips—held design sales in early June 2025 that far exceeded expectations. Sotheby’s New York design sales totaled $37.5 million, Christie’s $23.6 million, and Phillips $4 million, representing a 62.3 percent year-on-year increase across all three houses. Notable highlights include the Goddard Memorial Window by Tiffany Studios, which sold for $4.29 million, the second-highest price for a Tiffany window at auction. The sales attracted many new buyers, with Sotheby’s and Phillips reporting over 20 percent of buyers were new to the houses.

cooper hewitt triennial home

The Cooper Hewitt, Smithsonian Design Museum has opened "Making Home," the seventh installment of its Triennial, featuring 25 newly commissioned projects that explore the concept of home through memory, construction, and rupture. Co-curated by Alexandra Cunningham Cameron, Christina L. De León, and Michelle Joan Wilkinson, the exhibition is organized across three themes—Going Home, Seeking Home, and Building Home—and marks the first partnership between Cooper Hewitt and another Smithsonian museum, the National Museum of African American History and Culture. The show is on view through August 10.

kaws family koming to sfmoma

The San Francisco Museum of Modern Art (SFMOMA) will host "KAWS: Family," the first West Coast museum solo exhibition for the artist KAWS (Brian Donnelly). The traveling show, organized by the Art Gallery of Ontario, is currently on view at Crystal Bridges Museum of American Art in Bentonville, Arkansas, and will bring KAWS's signature cartoon-like characters—including Companion, BFF, and Chum—to the Bay Area.

judy baca los angeles other art fair

Judy Baca, a pioneering Los Angeles muralist known for her socially engaged public art, is participating in the Other Art Fair for the first time. She is showcasing a new 10-by-22-foot painting, *The 1968 East L.A. Walkouts*, which is the latest addition to her monumental, decades-long project *The Great Wall of Los Angeles*. The fair has commissioned a printed reproduction of the work for exhibition and will donate it to a community center afterward.

gen z art collecting continuum 2025

The Art Basel & UBS Survey of Global Collecting 2025 reveals that Gen Z collectors are reshaping the art market by treating art, sneakers, digital assets, and luxury goods as a single continuum of collectibles. Gen Z allocates 26% of their total wealth to art and collectibles—the highest of any generation—and spends 56% of that on non-traditional items like limited-edition sneakers, handbags, and digital artworks. Digital art ownership has rebounded sharply, with 23% of collectors planning to buy digital works, up from 19% in 2024, and Gen Z shows the strongest appetite for sculpture.

Ed Ruscha | Billy (1968) | Art & Prints

Ed Ruscha's 1968 exhibition catalogue 'Billy', designed for a show of works by his friend Billy Al Bengston, is being offered for sale. The catalogue features a flocked sandpaper cover, satin ribbon bookmark, and machine screw and hex nut binding, and was published by the Los Angeles County Museum of Art for an exhibition that traveled to the Corcoran Gallery of Art and the Vancouver Art Gallery. The work is listed on an art marketplace platform with a price of €62,600, and the listing includes details about its condition, provenance, and the artist's broader career.

barnes foundations coo heritage auctions sales

The Barnes Foundation has promoted Will Cary to Executive Vice President and Chief Operating Officer, where he will oversee new revenue initiatives, the Calder Gardens partnership, and a newly formed Brand department. Bukia Vakhania Gallery (formerly Gallery Artbeat) is opening a Berlin location on January 15 with a solo show by Nina Kintsurashvili. Heritage Auctions reported $2.2 billion in sales for 2025, its highest-ever annual total, driven by coins, comics, sports memorabilia, and illustration art. Antenna Space will open a Hong Kong outpost in March 2026, directed by Jeff Li. A Deloitte Private and ArtTactic report reveals that 50% of non-bank art lenders experienced loan defaults in 2024, up from 17% in 2023.

art world joe rogan onx expands and more industry moves

This week's art industry moves include Allison Blais being named President and CEO of the Wadsworth Atheneum, succeeding Jeffrey N. Brown. The Onassis Foundation's ONX art-and-tech hub is expanding with a new Tribeca space opening in January 2026, debuting with the exhibition "TECHNE: Homecoming." Other appointments include Frank Lord joining Withers as senior counsel, Matthew Stavro becoming Senior Specialist at Freeman's, and Madeline Cornell as Sales Director at Morgan Presents. Galleries announced new artist representations: Anthony Meier and von Bartha jointly represent the estate of Barbara Stauffacher Solomon, Jessica Silverman now represents Lava Thomas, Kendall Koppe represents Michael Bühler-Rose, and David Kordansky Gallery takes on Tristan Unrau. The Spector Craft Prize launches with Crystal Bridges Museum partnership. A blue diamond pendant known as the Mellon Blue sold at Christie's for $25 million, a 22% drop from its previous sale. The New York Times explores whether artist-podcaster Joshua Citarella could be the "Joe Rogan of the left."

labubu kasing lung art market

The article examines the meteoric rise and current cooling of the market for Labubu, the Nordic fanged monster character created by artist Kasing Lung. After a decade of slow development, Labubu exploded in popularity through Chinese toy blind-box manufacturer Pop Mart, leading to record auction sales in 2025. Yongle Auction in Beijing organized the world's first themed Labubu sale, where a mint-green sculpture sold for RMB 1.242 million and a painting, 'Pure' (2021), fetched RMB 1.61 million, setting successive records. The frenzy attracted a diverse range of buyers, from streetwear collectors to traditional ceramics enthusiasts, many of whom share their purchases on social media platforms like Douyin.

‘Really encouraging’: Phillips’s modern and contemporary sale continues New York auction momentum

Phillips’s modern and contemporary evening sale on 19 November generated nearly $54.8 million ($67.3 million with fees), a 25% increase over the same sale last year. Out of 33 lots, only two failed to sell, achieving a 94% sell-through rate. The top lot was Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967), which hammered at $13.5 million, followed by an untitled Joan Mitchell work from 1957-58 at $12 million. The sale also included natural history objects for the first time, such as a juvenile Triceratops skeleton nicknamed 'Cera,' which sold for $4.35 million. Female artists performed strongly, with Ruth Asawa’s copper wire sculptures sparking lengthy bidding wars and Firelei Báez setting a new artist record that was later broken at Christie’s the same evening.

DOZIE KANU’S FIRST FORAY INTO MASS-PRODUCTION

Artist Dozie Kanu has debuted his first mass-production collaboration with Knoll, a line of leather-tasseled tables launched in 2026 during Milan's Salone del Mobile, shortly after the opening of his solo exhibition at Fondazione ICA Milano. The Texas-born, Portugal-based artist, who first appeared in PIN–UP magazine in 2018 as an emerging design wunderkind, has since expanded his practice beyond collectible design into art, exhibition-making, film, and music. His recent projects include a documentary short screened at South by Southwest, a two-person exhibition with László Moholy-Nagy at Meyer Voggenreiter's project space piece*unique in Cologne, and a solo show at ICA Milano that dialogues with Marc Camille Chaimowicz and Jean Cocteau, featuring works alongside selections from the Nicoletta Fiorucci Foundation collection.

Andy Warhol | Original Exhibition Poster (2021) | For Sale

An original Andy Warhol exhibition poster from 2021 is being offered for sale by Baldwin gallery, with locations in London, Miami, and Dubai. The offset lithograph on paper measures 19.7 × 27.6 inches, is in mint condition, unsigned, and includes a Certificate of Authenticity. Priced at £650, the work ships from London with domestic shipping at £45 and international at £55, and is covered by the Artsy Guarantee.

Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

The Can’t-Miss Moments at TEFAF New York 2026

TEFAF New York 2026 opened to packed crowds at the Park Avenue Armory, showcasing a mix of historic and contemporary works. Highlights include Gagosian’s solo booth of Kathleen Ryan’s bejeweled “Bad Fruit” sculptures, Thaddaeus Ropac’s presentation of monumental canvases by Danish painter Eva Helene Pade, and Axel Vervoordt Gallery’s spotlight on overlooked Italian painter Ida Barbarigo. The fair also features collectible design and perennial favorites like Alexander Calder mobiles and Alighiero Boetti tapestries.

The Met Teams Up with Band-Aid on Art-Themed Adhesive Bandages

The Metropolitan Museum of Art and Band-Aid have reunited for a second collaboration, releasing a new set of art-themed adhesive bandages in 2026. The bandages feature details from three flower paintings in the Met's collection: Claude Monet's *Water Lilies* (1919), Vincent van Gogh's *Irises* (1890), and Odilon Redon's *Bouquet of Flowers* (ca. 1900–1905). The 50-count assortment includes small, medium, and large fabric bandages packed in a collectible tin, available exclusively at Target for $7.29. The 2025 Hokusai collection, which sold out quickly, is also back on sale at major retailers.

Brooklyn Museum Treasures, History-Making Guitars—and More Collectibles to Watch

The Brooklyn Museum is deaccessioning approximately 200 objects from its collection, including American furniture, artworks, and textiles, through a sale hosted by Brunk Auctions on April 9. Highlights include a rare circa 1690 walnut dressing table, estimated at $80,000–$120,000, and a late 17th-century oak cupboard. The museum states the sale is part of an ongoing effort to convert storage spaces into galleries and that proceeds will fund collection care and new acquisitions.

collectibles digest febuary 2026

The Raab Collection has listed a rare, enigmatic manuscript fragment by George Washington for $10,000, featuring the unique phrase "Fathers of the Senate!" The snippet was likely excised from a larger document in the 19th century by biographer Jared Sparks to satisfy autograph seekers. This sale joins a wave of high-value Americana hitting the market, including Jack Kerouac’s original 'On the Road' scroll at Christie's and a collection of vintage film posters at Propstore.

life size labubu record asia art news

The article reports on a record-breaking auction sale of a 4-foot-4-inch Labubu doll, which sold for RMB 1.08 million ($150,300) at Yongle International Auction in Beijing, with premium reaching RMB 1.24 million ($174,000). The character was created by Hong Kong artist Kasing Lung, who also collaborated with Art Basel on a limited edition. Other key developments include the closure of the Art Basel Hong Kong satellite fair Supper Club after two editions, Frieze announcing a new year-round space called Frieze House Seoul in Yaksu, and Blum gallery taking on global representation of Japanese ceramic artist Kimiyo Mishima's estate. The article also covers upcoming exhibitions by Christine Ay Tjoe at White Cube New York, Seulgi Lee at Ikon Gallery Birmingham, Kenny Scharf at the Modern Art Museum Shanghai, and Trevor Yeung's adaptation of his Venice Biennale show at M+ Hong Kong.

design miami announces 2025 programming new event seoul

Design Miami has announced its 2025 programming for its 20th anniversary year, including a new initiative called Design Miami.In Situ. The schedule features a one-day event in Aspen in July, a 14-day exhibition in Seoul in September, the third edition of its Paris fair in October, and the 21st edition of its flagship fair in Miami Beach in December. The Seoul exhibition, curated by Hyeyoung Cho and held at the Dongdaemun Design Plaza, is a collaboration with the Seoul Design Foundation focusing on Korean collectible design. CEO Jen Roberts described this as the organization's largest global expansion and most ambitious program to date.

pharrell williams joopiter marketplace

Pharrell Williams has launched a new buy-it-now extension called Joopiter Marketplace, an offshoot of his existing auction platform Joopiter. The marketplace offers collectibles from Williams's personal archive—including Vivienne Westwood hats, KAWS sneakers, Gucci and Levi's jackets, and items from his fashion labels ICECREAM and Billionaire Boys Club—alongside pieces from other cultural figures. Additional sellers include artist Tom Sachs, gallerist Easy Otabor, jewelry designer Lorraine Schwartz, and music executive Steven Victor, with proceeds from some sales benefiting nonprofits like the Anderson Ranch Arts Center, Rebuild Foundation, and the Virgil Abloh Foundation.