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Kenny Schachter's article for Artnet News draws a parallel between President Jimmy Carter's 1977 energy-crisis plea to lower thermostats and the current art-market response to Trump-era tariff turmoil. He reports that the spring 2025 auction cycle generated $1.25 billion, continuing a decade-long decline from the 2014 peak, with bidders spending less and big-ticket sellers stuck. Schachter also promotes his own no-reserve auction, "Hoarder #6," scheduled for July 8–17 at Phillips, and critiques Trump's economic policies and crypto ventures, name-dropping Justin Sun as a major holder of $Trump tokens.

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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.

Rare early photographs reveal lost sites featured in Van Gogh’s paintings

Two rare photographic albums taken by art critic Gustave Coquiot in 1922 have been acquired by the newly established Van Gogh Academy in Auvers-sur-Oise, France, and are now on display. The images capture many of the sites in Arles that Vincent van Gogh painted in the late 1880s, including the Yellow House, the Langlois Bridge, and the Rhône riverbank. Several of these locations were later destroyed during World War II or by modernization, making Coquiot's photographs valuable historical records of Van Gogh's original subjects.

A Work Gifted to David Drake’s Descendants Is the Star of Theaster Gates’s Powerful Gagosian Show

Artist Theaster Gates has gifted a 19th-century vessel by enslaved potter David Drake to Drake's descendants and made this act of restitution the centerpiece of his solo exhibition at Gagosian in New York. The show, titled "Dave: All My Relations," features Gates's own artworks responding to Drake's legacy and the recently transferred pot, highlighting Gates's decades-long engagement with Drake as a foundational figure for his own practice.

Revealed: the amazing frame once created for Van Gogh’s Sunflowers

A long-lost, custom-designed Art Deco frame for Vincent van Gogh's painting "Three Sunflowers" has been identified through archival research. The frame, which featured a dark lacquer finish, randomly placed gold circles, and angled outer edges, was commissioned by the Parisian couturier and collector Jacques Doucet shortly after he acquired the painting in 1912. Its existence was pieced together from a 1930s interior photograph, a 1967 family snapshot, and a frame sold at Sotheby's in 1989, allowing for a digital reconstruction of the complete artwork.

Art Market Minute February 2026

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The art market is witnessing a significant shift in the commercial viability and valuation of performance art. While the medium has been sold in various forms for years, its increasing presence at major art fairs and galleries suggests a new era where collectors are beginning to prioritize the documentation and rights to live works as legitimate assets.

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Artnet News lists 10 immersive installation artworks that are creepy enough to double as haunted houses for Halloween. Featured works include Alex Da Corte's "Die Hexe" (2015) at Luxembourg & Dayan, which transformed a townhouse into a ghostly dollhouse with a morgue; Mike Kelley's "Exploded Fortress of Solitude" (2011) at Hauser & Wirth, a sculptural interpretation of Superman's lair; Jonah Freeman and Justin Lowe's "Scenario in the Shade" at Red Bull Studios, a dystopian arts festival installation; Tobias Rehberger's "Bar Oppenheimer" (2013) at Hotel Americano, featuring disorienting dazzle camouflage patterns; and Puppies Puppies' "Gollum" at Queer Thoughts, where an actor in a Gollum mask performs live.

What Is a "Post-Duchamp" Art World?

Scholar Thierry de Duve discusses the legacy of Marcel Duchamp in conjunction with a new exhibition at the Museum of Modern Art (MoMA) featuring seven of the artist’s “boîtes-en-valise.” These portable miniature museums, created decades before Duchamp’s first formal retrospective, are framed as evidence of his genius in anticipating the institutional logic of the modern museum. The conversation explores how Duchamp’s provocative works, such as the readymade "Fountain," fundamentally altered the trajectory of art history and defined the "post-Duchamp" era.

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This week's art industry moves include South Arts appointing Doug Shipman as its next president and CEO, departing his role as Atlanta City Council president to lead the regional nonprofit across nine Southern states. London gallery Alison Jacques now represents Cape Town–born painter Gina Kuschke, with a debut solo exhibition opening January 15. Gallery Wendi Norris in San Francisco will represent the Marie Wilson estate, while Berlin's Galerie Judin adds Jorinde Voigt to its roster in partnership with David Nolan, Dirimart, and Sicardi | Ayers | Bacino. Thaddaeus Ropac appoints John Utterson as director in London, and Aperture secures $2 million in gifts toward its new permanent home. A record $31.4 million was paid for François-Xavier Lalanne's 'Hippopotame Bar' at Sotheby's New York, tripling its high estimate. The article also notes a growing trend of consultancies—mostly US- and European-based—being hired to help the UAE, Qatar, and Saudi Arabia build their cultural sectors.

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The 28th edition of Paris Photo, which closed November 16, saw a surge in representation of women photographers, rising to 39 percent of artists on view from 20 percent in 2018. This shift is driven by the fair's Elles program, launched with France's ministry of culture, and a broader market appetite for rediscovered women artists. Notable sales included works by Ming Smith, whose vintage prints sold for up to €60,000 at M77 gallery, and offerings from Les Filles du Calvaire featuring Helena Almeida and Katalin Ladik. Richard Saltoun gallery returned after six years with a booth focused on women photographers.

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Drax Fine Art, LLC has filed a lawsuit against David Kordansky Gallery, the Sam Gilliam Foundation, and the late artist's widow Annie Gawlak, alleging they conspired to disavow and defame an authentic Sam Gilliam drape painting from 1972. Drax claims the work was acquired from Carl Solway Gallery in Cincinnati, installed in an architectural firm's lobby, and later purchased by Drax. The plaintiff seeks $6 million in damages, accusing the defendants of blocking an auction sale by claiming restoration efforts constituted irreparable damage. The defendants call the claims "absolutely frivolous," asserting the unsigned, undated piece does not conform to Gilliam's practice and may be a studio remnant.

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Days before Art Basel Paris opens at the Grand Palais, a brazen daytime robbery at the Louvre Museum saw thieves escape with jewels once belonging to Napoleon III and Empress Eugénie. The heist, carried out by three masked men using a cherry picker and power tools, targeted the Galerie d’Apollon and has dominated headlines in France. Art Basel organizers have offered general reassurances about security but declined to provide specifics when asked about steps taken in light of the robbery. The fair is debuting a new invitation-only preview called Avant Première, and features 206 galleries from 41 countries, including Gagosian, Hauser & Wirth, and David Zwirner. It also marks the final edition under director Clément Delépine.

Frieze New York marks 15th edition with expanded international reach

Frieze New York marks its 15th edition from 13-17 May at the Shed, featuring 68 galleries from over 25 countries. The fair includes 57 exhibitors in the main section and 11 in Focus, with nearly half maintaining a New York location. First-time participants include Europa, Sargent’s Daughters, Soft Opening, Ulrik, and W-galería. Latin American representation has grown significantly, with 14 galleries from the region, including Campeche from Mexico City, Isla Flotante from Buenos Aires, and Central from São Paulo. Christine Messineo, Frieze’s director of fairs for the Americas, highlights the fair’s increasingly international scope and the strong Brazilian contingent.

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Jonathan Rinderknecht has been arrested on suspicion of starting the Pacific Palisades fire in January, which killed 12 people and destroyed over 6,000 homes. Authorities discovered evidence on his phone, including a ChatGPT query where he asked the AI to create a "dystopian painting" depicting a class war during a fire, as well as questions about legal culpability for starting a fire with cigarettes. The fire also damaged the grounds of the Getty Villa, forcing a four-month closure.

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A judge has sentenced two men for stealing Maurizio Cattelan's 18-carat gold toilet, titled "America," from Blenheim Palace in England during a 2019 raid. Michael Jones received 27 months in prison for burglary, while James Sheen was sentenced to four years, added to his existing 19-year term for other crimes. The theft took less than five minutes, causing major flooding and water damage when the toilet was ripped from the plumbing. Police arrested four men in November 2023, with evidence including DNA, phone messages, and CCTV footage leading to convictions. Fred Doe received a suspended sentence, and Bora Guccuk was found not guilty. None of the gold has been recovered and is believed to have been chopped up and sold.

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Two men have been sentenced for stealing Maurizio Cattelan's 18-carat gold toilet, titled "America" (2016), during a 2019 raid at Blenheim Palace in England. James Sheen received a four-year prison sentence, and Michael Jones received a 27-month sentence; a third accomplice, Frederick Doe, was found guilty of conspiracy to convert criminal property. The 227-pound toilet was dismantled in a five-minute raid just two days after being publicly displayed at the palace, and despite being insured for $6 million, it has not been recovered.

J.M.W. Turner’s Most Famous Self-Portrait Might Not Actually Be by the Artist at All

Art historian James Hamilton has publicly claimed that J.M.W. Turner's most famous self-portrait, which appears on the £20 note, is actually by the painter John Opie. Hamilton, who used the portrait on the cover of his 1997 biography of Turner, argues that the work was misattributed when it entered the Turner Bequest—the vast collection of paintings and works on paper Turner left to the nation after his death in 1851. He points to stylistic evidence, noting Opie's signature technique of "light emerging dramatically from dark," and has published his research in Turner Society News, calling on the Tate to reattribute the painting.

‘He sent someone to intimidate me’: Christopher Anderson, the photographer who shot Jeffrey Epstein

Photographer Christopher Anderson has revealed the details behind his 2015 encounter with Jeffrey Epstein, whom he photographed for a cancelled New York magazine profile. Anderson describes a series of unsettling interactions, including Epstein's attempts to buy the image rights for $20,000 and the eventual dispatch of a "mafia-esque" intimidator to Anderson's studio to seize a hard drive. The photographer's email exchanges with Epstein’s staff were recently made public as part of the Department of Justice's release of the Epstein files.

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Marcel Duchamp remains one of the most influential figures in contemporary art, a century after his readymades like *Fountain* (1917) challenged definitions of art. MoMA is opening a major retrospective on April 9, co-organized by Ann Temkin and Michelle Kuo, exploring Duchamp's conceptual legacy. The article profiles four contemporary artists—including Cory Arcangel—who are extending Duchamp's ideas into digital and conceptual realms, such as Arcangel's modified Nintendo game *Super Mario Clouds* (2002).

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French authorities arrested five additional suspects in connection with the historic theft of Napoleonic jewelry from the Louvre Museum, Paris prosecutor Laure Beccuau announced on Thursday. The coordinated raids took place in Paris and its northern suburbs, with one suspect identified through DNA evidence. The investigation has advanced by studying encrypted communications from seized phones. The heist occurred on October 19, when four masked thieves broke into the Apollo Gallery during opening hours, stealing nine artifacts worth approximately $102 million, though one crown was dropped during the escape. Two suspects were previously arrested on October 25, one at Charles de Gaulle Airport. The stolen jewels remain unrecovered, and authorities are searching the black market for them.

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Gallerists Christine Berry and Martha Campbell, founders of Berry Campbell gallery, have spent 13 years rediscovering and championing overlooked 20th-century female artists such as Ethel Schwabacher, Judith Godwin, Bernice Bing, and Lynne Drexler. They will present works by these artists at Art Basel Miami Beach for the second consecutive year, following a record-breaking $2 million sale of Drexler's painting at Christie's in 2025. The duo, who previously worked under Ira Spanierman, launched their gallery in 2013 and have since built a market for artists whose careers were marginalized by gender bias.

The story of London's Great Exhibition, as seen through the eyes of artists

Julius Bryant’s new book, the fourth volume in his history of the Victoria and Albert Museum, re-examines the 1851 Great Exhibition through its visual legacy. By analyzing paintings, prints, and ephemera—including the vast archive of Charles Wentworth Dilke—Bryant reconstructs the 'Crystal Palace' experience, highlighting the youth of its organizers and the staggering speed of its construction. The narrative shifts focus away from traditional social theory toward the actual visual evidence of the event, from David Roberts’s massive panoramic paintings to the 235 sculptures that defined the era's artistic output.

Newly Authenticated Modigliani Heads to Sale at Art Basel Hong Kong via Pace with a $13.3 M. Price Tag

A newly authenticated painting by Amedeo Modigliani, "Jeune femme brune" (1917–18), is being offered for sale by Pace gallery at Art Basel Hong Kong with a price tag of €11.5 million ($13.3 million). The work, the highest-priced piece at the fair, was only recently included in art historian Marc Restellini's forthcoming Modigliani catalogue raisonné after decades of authentication disputes and legal battles.

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The Metropolitan Museum of Art is reportedly planning a major retrospective of the American artist Cy Twombly, scheduled for 2029. Evidence of the exhibition surfaced through a job posting for a researcher, which describes a comprehensive show featuring paintings, sculptures, and drawings that explore Twombly’s career across two continents and the influence of ancient myths and literature on his work. While the Met and the Cy Twombly Foundation have not yet officially confirmed the exhibition, the listing remains active on several professional platforms.

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Saudi Arabia is significantly scaling back its ambitious "Vision 2030" cultural and infrastructure spending due to falling oil prices and massive budget overruns. Major international projects, including a $200 million investment deal with the Metropolitan Opera in New York and funding for the Centre Pompidou’s refurbishment, are currently in limbo or facing payment delays. Reports of unpaid invoices to art service firms and the halting of "gigaprojects" like Neom suggest a period of financial retrenchment for the kingdom.

Jewish Heirs File Suit in French Court Over Ownership of Pissarro Painting

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Seven heirs of the late department store magnate and art collector Max Julius Braunthal have filed a lawsuit in a French court, seeking to nullify the 1941 sale of Camille Pissarro's painting 'Haystacks, Morning, Eragny' (1899). They argue the sale was made under duress during the Nazi occupation of France. The painting is now in the collection of the Metropolitan Museum of Art, which maintains Braunthal received fair market value.

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Joseph Atsus, a 51-year-old Pennsylvania man, was sentenced to 48 months in prison, supervised release, and $1 million in restitution for his role in a multi-state museum theft ring that operated from 1999 to 2019. The ring stole millions in art and memorabilia from 20 institutions, including Andy Warhol's silkscreen *Le Grande Passion* (1984) and Jackson Pollock's oil painting *Springs Winter* (1949) from the Everhart Museum in Scranton, Pennsylvania, in 2005. Atsus is the sixth member of the eight-person ring to be sentenced; co-conspirator Nicholas Dombek received 108 months, while others received sentences ranging from six to 96 months. Many stolen works remain missing, and some, including a painting valued at $125,000, were destroyed to avoid evidence recovery.

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The Kunstmuseum Basel has confirmed that a Paul Gauguin self-portrait, titled *Portrait de l’artiste par lui-même* (1903), is an authentic work by the French painter, despite decades of scrutiny. The painting, held by the museum since 1945, was subjected to scientific analysis—including pigment testing, radiography, and infrared reflectography—at the Bern Academy of the Arts after amateur art sleuth Fabrice Fourmanoir claimed it was actually painted by Gauguin’s friend Ky-Dong Nguyen Van Cam. The tests showed the pigments date to Gauguin’s era, but also revealed overpainting on the face, possibly done between 1918 and 1926, though the museum found no evidence of intentional forgery.

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Sotheby's will offer Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* as the headline lot of its contemporary evening sale in New York this fall, carrying a high estimate of $45 million. The work, which has never been auctioned before, debuted at Basquiat's landmark 1982 solo show at Annina Nosei Gallery and later appeared at Documenta 7. It will be exhibited in London during Frieze Week, then in Paris coinciding with Art Basel Paris, before arriving at Sotheby's new Breuer Building headquarters in New York ahead of the November 8 sale.

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The Walker Art Gallery in Liverpool, UK, has included British naval hero Horatio Nelson in a "Queer relationships" collection, citing his contested final words "Kiss me, Hardy" as evidence. The museum added Daniel Maclise's *The Death of Nelson* (1859-1864) and Benjamin West's 1806 painting of the same name to an online article about LGBTQ+ love. This follows a similar move by London's National Maritime Museum, which examined Nelson through a "queer lens" during a "Queer History Night" event last year.