Cash-Strapped Hong Kong Arts Hub Saved—Plus a Rundown of the Latest in Asia’s Art World
Hong Kong's financially struggling West Kowloon Cultural District, a major arts hub, has been rescued from its cash crisis. This development was part of a broader Asia art world update that also included leadership changes at Japan's Art Collaboration Kyoto and the announcement of a new art fair in Shenzhen.
This week's art industry news covers significant developments across fairs, auctions, galleries, and museums. Frieze New York announces its 15th edition with a strong Latin American gallery presence, while the India Art Fair reports robust sales, including works by Atul Dodiya and N.S. Harsha fetching up to $600,000. Sotheby's will offer a major Francis Bacon self-portrait from the collection of Joe Lewis, and Christie's is set to sell three masterpieces from Agnes Gund's collection, estimated at over $123 million. Gallery news includes Federica Beretta's return to Opera Gallery and David Zwirner's new representation of painter Louis Fratino.
A flurry of art fair activity across Asia marked the early weeks of 2026. Art Basel's inaugural Qatar edition broke format with single-artist presentations, focusing on MENASA artists and discreet institutional buying. The India Art Fair in New Delhi reported strong sales for local and international galleries, while new fairs launched in Jakarta, Manila, and Hong Kong. Tokyo Gendai announced its return, and Art Basel's digital platform Zero 10 expanded to Hong Kong.
Marian Goodman, the revered art dealer known for her steadfast commitment to artists and resistance to market trends, died at 97 in a Los Angeles hospital. She opened her eponymous gallery in 1977 in Midtown Manhattan with a show of Marcel Broodthaers, and over five decades represented major figures including Gerhard Richter, Julie Mehretu, William Kentridge, and Steve McQueen. Goodman began her career by founding Multiples in 1965 to publish affordable editions, and she famously kept her gallery on 57th Street while peers moved to SoHo and Chelsea.
Several international curators and museum directors, including Connie Butler of MoMA PS1, Carolyn Christov-Bakargiev, Julieta Gonzalez of the Wexner Center for the Arts, and Madeleine Grynsztejn of MCA Chicago, selected artworks that they believe define 2025. Highlights include Ayoung Kim's video installation 'Delivery Dancer’s Arc: 0º Receiver' (2024), Beeple's 'Regular Animals' premiered at Art Basel Miami Beach, and Kerry James Marshall's painting 'Haul' (2025) from his retrospective at the Royal Academy of Arts. Julieta Gonzalez also pointed to a broader constellation of practices emphasizing collectivity, ecological thinking, and Indigenous cosmologies rather than a single emblematic work.
Artnet News editors and journalists compiled their annual roundup of the best artworks seen in 2025, highlighting standout pieces from around the world. Among the featured works are Richard Serra's monumental steel sculpture "East-West/West-East" (2014) in the Qatari desert, Emma Ferrer's painting "You Will Return the Evil to Its Steppe (Homage to Josefa de Óbidos)" (2024) shown at New York's Sapar Contemporary, and Kerry James Marshall's "The White Queens of Africa: Colette" (2025) from his retrospective at the Royal Academy of Art. Each artwork is accompanied by a personal reflection from the journalist who encountered it.
Frieze New York 2025 is set to take place at the Shed in Manhattan, bringing together over 65 contemporary art galleries from more than 25 countries. The fair coincides with major institutional shows at the Guggenheim, Whitney Museum, and the Metropolitan Museum of Art, as well as the recent reopening of the Frick Collection after a $220 million renovation. Notable galleries include Gagosian, Hauser & Wirth, Pace, and David Zwirner, alongside international dealers like Goodman Gallery and Kurimanzutto. The Focus section, curated by Lumi Tan, features 12 young galleries. On the eve of the fair, Frieze itself was sold by Endeavor to former CEO Ari Emanuel for a reported $200 million.
Joel Shapiro, the acclaimed American sculptor known for his abstract wooden and bronze figures, died June 14 at age 83. In the weeks before his death, he gave a career-spanning interview to Max Norman for ARTnews, reflecting on his legacy. The article describes Shapiro's final New York show at Pace Gallery in fall 2024, which featured large works like "Splay" (2024), "Wave" (2024), and his largest wooden sculpture "ARK" (2020/2023–24), alongside small models and bronzes. It also offers a glimpse into his Long Island City studio, where he constantly experimented with form, material, and scale.
Palm Beach is emerging as a major art destination, bolstered by Miami's growing art scene. The article highlights key cultural attractions including the Norton Museum of Art, which underwent a Norman Foster-designed expansion in 2019 and features Dutch Golden Age masterworks from the Leiden Collection, as well as a growing contemporary collection. Other notable sites include the Flagler Museum (Whitehall), a Gilded Age mansion showcasing historic interiors and a private railcar, and the Bunker Artspace, a private museum founded by collector Beth Rudin DeWoody in a converted toy factory, displaying over 600 works from her collection.
The 2025 Met Gala, officially the Costume Institute Benefit, was held at the Metropolitan Museum of Art, launching the exhibition “Superfine: Tailoring Black Style.” The event drew a star-studded guest list, with celebrities channeling the theme of Black dandyism through tailored silhouettes, bold patterns, and luxurious fabrics. Several attendees, including Cardi B, Alicia Keys and Swizz Beatz, Colman Domingo, and Janelle Monáe, wore outfits that directly referenced specific artworks, such as Dante Gabriel Rossetti’s *Veronica Veronese*, Frank Stella’s *Rectangular Orange Painting with Diagonal Pattern*, and Hyacinthe Rigaud’s portrait of Louis XIV.
Agosto Machado, an artist and activist central to New York's Downtown scene and a participant in the 1969 Stonewall uprising, has died following a brief illness. His gallery, Gordon Robichaux, announced his passing but, respecting his wishes, did not disclose his age. Machado was known for creating intricate shrine sculptures from collected ephemera to honor figures from his community, and one of these altars is currently featured in the 2024 Whitney Biennial.
Christie's has released a promotional video featuring actress Nicole Kidman to advertise the upcoming auction of Constantin Brancusi's bronze sculpture *Danaïde* (1913), estimated at $100 million. The sculpture comes from the collection of the late media mogul S.I. Newhouse, who purchased it for $18.2 million in 2002. The nearly two-minute film, shot at Christie's Rockefeller Center headquarters, shows Kidman interacting with the work and was conceived by former Sotheby's auctioneer and Newhouse estate advisor Tobias Meyer. The sale is scheduled for May 18 in New York.
Paul McCarthy, the 80-year-old American artist known for his transgressive critiques of consumer culture, has opened a new exhibition titled "SS EE Saint Santa Eva Elf" at Hauser & Wirth in Paris. The show features large-scale drawings and a six-channel video installation created during filmed performances with his long-term collaborator, German actress Lilith Stangenberg, who plays the Elf. McCarthy revisits his iconic Santa Claus motif, portraying him as a dark, psychotic figure—the "god of capitalism and consumption." The exhibition also includes earlier drawings made with Stangenberg at Bowman Hal gallery in Madrid. The interview reveals that McCarthy's home and studios in Los Angeles were destroyed by wildfires, resulting in the loss of art, drawings, notebooks, and books, and the cancellation of a planned London show.
This week’s art roundup highlights several major exhibitions across the UK, including a floral-themed survey at Kettle’s Yard featuring artists from Henri Rousseau to Lubaina Himid. Other notable openings include Billy Childish’s expressionistic California desert paintings at Carl Freedman Gallery, Katharina Grosse’s site-specific installations at White Cube, and Steve McQueen’s new photography book, 'Bounty', which explores the colonial history of Grenada through its flora.
The Museum of Modern Art (MoMA) has launched a major solo exhibition dedicated to Marcel Duchamp, marking the artist's first comprehensive survey in New York City in over 50 years. The exhibition explores Duchamp’s revolutionary impact on modern art, featuring iconic works and archival materials that trace his history from the 1913 Armory Show to his later years in New York. The opening is complemented by a broader "Duchamp spring" in the city, including a forthcoming exhibition of his readymades at Gagosian.
A new London exhibition, "Dirty Looks: Desire and Decay in Fashion," opens at the Barbican Art Gallery, exploring how designers have used dirt, distress, and imperfection as acts of defiance and new forms of beauty. Curated by Karen Van Godtsenhoven, the show features over 60 designers from Alexander McQueen and Maison Margiela to emerging upstarts, tracing moments like the rise of anti-fashion in the 1980s and trends like bogcore. It runs until January 2026 and is the Barbican's first fashion-focused show in eight years.
Jeff Magid, a New York, Los Angeles, and Mexico City–based art collector, plans to open Cuernavaca Tres, a public art foundation in Mexico City, in 2026. In an opinion piece for ARTnews, he argues that the current downturn in the art market—marked by declining sales and gallery closures—is not due to economic cycles or financialization, but rather a simple mismatch: there are more galleries, auctions, fairs, and artists than ever, while the number of buyers has not kept pace. Magid criticizes the luxury retail model adopted by many galleries, which prioritizes exclusivity and status signaling, and contends that this approach fails to attract enough new collectors to sustain the market.
Artnet News spoke to seven leading curators about how they identify emerging artists who will become the next big names. The curators, including Amy Smith-Stewart of The Aldrich Contemporary Art Museum and iLiana Fokianaki of Kunsthalle Bern, describe their methods: seeking artists who address erased histories, geopolitical contexts, and marginalized perspectives. The article also references a recent debate sparked by Dean Kissick's polemic 'The Painted Protest' in Harper's, which criticized contemporary art for being overly dictated by identity politics, a view countered by curators who affirm their commitment to socially engaged work.
The Victoria and Albert Museum (V&A) in London has opened "Rising Voices: Contemporary Art from Asia, Australia and the Pacific," a major exhibition produced in partnership with the Queensland Art Gallery | Gallery of Modern Art (QAGOMA) in Brisbane. Featuring over 70 works never before exhibited in the UK, the show draws from QAGOMA's Asia Pacific Triennial of Contemporary Art (APT), which began in 1993. Highlights include Michael Parekōwhai's sculpture of a Māori bouncer, Montien Boonma's terracotta bell installation, and Takahiro Iwasaki's intricate wooden model. The exhibition is the first APT survey to be held outside Australia and Chile, arriving after years of planning by V&A exhibitions director Daniel Slater.
The Camden Art Centre in London is hosting a significant survey of the late Guyanese-British artist Donald Locke, marking the final stop of a UK touring exhibition. Locke is celebrated for blending the formal language of minimalism and modernism with the potent symbols of Guyanese and Black American culture, effectively challenging the traditional art world's Eurocentric perspectives through his work in ceramics, painting, and sculpture.
Agosto Machado, a seminal figure in the Downtown New York art scene and a veteran of the Stonewall uprising, has died following a brief illness. Known as a 'pre-Stonewall street queen,' Machado transitioned from a community activist and archivist to a recognized artist whose intricate altar sculptures are currently featured in the 2024 Whitney Biennial. His work, which utilizes found objects and ephemera to create shrines for queer icons and AIDS victims, serves as a vital act of 'ancestor worship' and historical preservation for a community often marginalized by mainstream institutions.
On September 9, 2015, Queen Elizabeth II became the longest-reigning monarch in British history, surpassing Queen Victoria. To mark the occasion, the Royal Collection opened a photography exhibition titled “Long to Reign over Us,” featuring posed portraits and casual family shots of the Queen. Artnet News compiled 30 favorite photos and paintings of the monarch, including works by Cecil Beaton, Andy Warhol, and royal photographer Mark Stewart, highlighting her decades-long reign and her ease in front of the camera.
Rosemarie Beck, a once-promising abstract painter celebrated in the 1940s and 1950s by the Whitney Museum and mentored by Robert Motherwell, abandoned abstraction in 1958 to pursue figuration. Despite early success and shows at prestigious venues like the Stable Gallery, her shift to mythological and literary themes caused her to fade from art historical memory. A new exhibition, "Rosemarie Beck: Earthly Paradise," at Van Doren Waxter in New York, showcases over 25 figurative works from 1959 to 2000, marking a major reappraisal of her career.
Actor Robert De Niro announced that artist R.H. Quaytman has won the 2016 Robert De Niro Sr. Prize, awarded to a mid-career painter for excellence and innovation. Quaytman, represented by Gladstone Gallery and Miguel Abreu Gallery, is known for mixed-media works on wood panels that blend photography, printmaking, and technology, often organized into series called "chapters." She will receive a $25,000 prize at a ceremony in New York on December 14. The selection committee included curators from the Metropolitan Museum of Art, the Guggenheim Museum, and the Whitney Museum.
The article previews the 2025 Met Gala, which coincides with the Metropolitan Museum of Art's exhibition "Superfine: Tailoring Black Style." The gala's dress code will celebrate Black dandyism, inspired by Monica L. Miller's 2009 book *Slaves to Fashion: Black Dandyism and the Styling of Black Diasporic Identity*. Co-chairs include actor Colman Domingo, Formula 1 driver Lewis Hamilton, rapper A$AP Rocky, and musician Pharrell Williams. The exhibition, guest-curated by Miller, will feature historical and contemporary clothing, artworks, and photographs organized into 12 sections such as "Respectability," "Disguise," and "Cool." The article also highlights five art historical examples of Black dandyism, including a 1772 portrait of Julius Soubise.
guaridian art critic adrian searle steps down
Chief art critic Adrian Searle is leaving his full-time role at the Guardian after nearly 30 years, with his final article scheduled for April 1. He will continue to contribute occasional pieces to the publication.
The four nominees for the 2025 Turner Prize have been announced at Tate Britain, including Scottish sculptor Nnena Kalu, who is nonverbal autistic; Iraqi British painter Mohammed Sami; Rene Matić from Peterborough; and London-based Korean Canadian artist Zadie Xa. The shortlist was revealed by Tate Britain director Alex Farquharson, who praised the artists for reflecting the breadth of contemporary British art. The prize, established in 1984, awards £25,000 to the winner and £10,000 to each shortlisted artist. The nominees' works will be exhibited at Cartwright Hall Art Gallery in September as part of Bradford's UK City of Culture celebrations.
Hyperallergic has published a curated list of 15 gallery and independent art exhibitions to see in New York City during April. The guide highlights shows that might be overshadowed by major institutional blockbusters, featuring artists like E. Jane, Robert Bergman, Kamrooz Aram, and Chris "DAZE" Ellis across venues in Chinatown, Chelsea, Tribeca, and Queens.
British artist and filmmaker Steve McQueen has been awarded the 2024 Erasmus Prize by the Dutch Praemium Erasmianum Foundation. The prize includes a cash award of 150,000 euros (approximately $172,000) and a specially designed booklet featuring the script of the 16th-century scholar Desiderius Erasmus.