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sothebys fee structure trump tariffs 1234749865

A New Yorker profile of Sotheby's and its billionaire owner Patrick Drahi reveals the chaotic aftermath of the auction house's failed 2024 fee restructuring. The plan, announced in February 2024 and enacted that May, standardized seller's commissions and buyer's premiums but backfired, driving away business and causing profits to plummet. By December, Sotheby's reversed course. The article quotes former and current employees who compare Drahi's management style to Donald Trump's tariff disputes, and recounts a tense June 2024 meeting where contemporary art chairman Grégoire Billault told Drahi he was losing business, only to be told by Drahi that everyone is replaceable.

sasan ghandehari lawsuit christies picasso auction guarantee 1234749641

Collector Sasan Ghandehari has filed a lawsuit against Christie’s in the High Court of England & Wales, alleging the auction house failed to disclose that a Picasso painting he guaranteed was owned by a man convicted of drug-related charges. The work, Picasso’s *Femme dans un rocking-chair* (1956), was offered in a February 2023 London evening sale with a third-party guarantee from Ghandehari’s company, Brewer Management Corporation (BMC). Ghandehari claims Christie’s told him the owner was José Mestre Jr., but the painting actually belonged to his father, José Mestre Sr., who was sentenced to nine years in prison after 202 kilos of cocaine were found on a cargo ship in 2010. The lawsuit seeks to cancel the guarantee contract and recover a £4.8 million partial payment.

rapa nui easter island moai statues sea levels flooding 1234749640

A new study published in the Journal of Cultural Heritage warns that rising sea levels will impact Chile’s Rapa Nui National Park, a UNESCO World Heritage site, by 2080. Coastal flooding threatens at least 51 culturally significant artifacts, including the iconic Moai statues—nearly 1,000 volcanic tuff figures created by a native Polynesian tribe over 500 years ago, some weighing up to 80 tons. Researchers from the University of Hawai’i at Mānoa used advanced computer models to simulate wave patterns and map projected flooding, overlaying this data with the locations of cultural assets provided by local partners.

bayeux tapestry france british museum 1234749372

The Bayeux Tapestry, a 900-year-old embroidery depicting the Norman Conquest of 1066, will be loaned from France to the British Museum for a blockbuster exhibition running from September 2026 to July 2027. French officials reportedly lobbied for discounted or free entry for French citizens, a request British negotiators dismissed as a "try-on" that was "never going to happen." The loan, first proposed in 2018 by then-Prime Minister Theresa May, was delayed over fragility concerns and finally confirmed during President Emmanuel Macron's state visit. In exchange, Britain will send the Sutton Hoo treasures and the Lewis Chessmen to France. French negotiators also floated borrowing the Rosetta Stone, but that proposal failed as the artifact is considered immovable.

Art freedom under fire

The Bangkok Art and Culture Centre (BACC) censored an exhibition titled 'Constellation of Complicity: Visualising the Global Machinery of Authoritarian Solidarity' after pressure from the Chinese embassy. The exhibition, which opened on July 24, featured works by exiled artists from Myanmar, Iran, Russia, and Syria exploring authoritarian alliances. Following a visit by Chinese embassy staff, several works were removed, including a multimedia installation by a Tibetan artist, and texts mentioning 'Hong Kong', 'Tibet', and 'Uyghur' were redacted. The curator, Sai, a Myanmar artist in exile, said the interference was not unexpected.

lauren quin joins pace gallery 1234748985

Los Angeles-based painter Lauren Quin has joined Pace Gallery, following the closure of her previous gallery Blum & Poe earlier this summer. Her first exhibition at Pace's Los Angeles space is scheduled for 2026, and her work will also appear in the gallery's booth at Frieze Seoul next month. Quin, known for densely layered abstractions, has been on a rapid ascent since earning her MFA from the Yale School of Art in 2019, with her paintings held by major institutions including the Museum of Contemporary Art in Los Angeles, the Walker Art Center, and the Hirshhorn Museum. Pace founder Arne Glimcher, a longtime supporter, gave Quin a solo show at Pace-affiliated 125 Newbury in 2024, which she credits as a turning point in her practice.

philip falcone blce art loans picasso hirst ruling 1234748812

The New York Supreme Court ruled against former hedge fund manager Philip Falcone in a case brought against pawnbroker BLCE over loans secured by artworks and a diamond ring. Judge Lyle E. Frank sided with BLCE's counter-claims of fraud and breach of contract, finding that Falcone made misrepresentations when securing loans with the same artworks—including pieces by Pablo Picasso, Damien Hirst, and Richard Prince—from multiple lenders. Falcone had claimed the ring was "wrongfully foreclosed," but the court determined he failed to raise genuine issues of material fact.

aspen art week fair collectors sales report 1234748586

The second edition of the Aspen Art Fair opened at the historic Hotel Jerome with over 40 exhibitors from more than 15 countries, more than doubling its size from the previous year. The fair is one of three major events during Aspen Art Week, alongside Intersect Aspen Art and Design (now in its 15th edition) and the AIR Festival, a $20 million initiative by the Aspen Art Museum. Dealers and advisers, including Paul Henkel of Palo Gallery and Christian Gundin of El Apartamento, noted that while there are too many art fairs globally, Aspen's smaller, hyper-focused format attracts serious collectors and fosters stronger relationships. Blue-chip galleries like Sean Kelly and Marianne Boesky also participated, with Boesky having a long history in the town.

tate attendance decline china private museums morning links 1234748744

Tate director Maria Balshaw has defended the museum network's programming against criticism linking it to declining attendance, arguing in the Guardian that visitor numbers have returned to 95% of pre-pandemic levels when compared to annual pre-Covid figures rather than the record year of 2019. She cited popular shows for Pablo Picasso, J. M. W. Turner, and Tracey Emin as a strong foundation for future growth, though critics like Catherine Bliss countered that apart from the Lynette Yiadom-Boakye portrait show and El Anatsui's Turbine Hall installation, recent contemporary exhibitions have failed to excite. Separately, the article reports a wave of closures and cutbacks sweeping China's private art museums, including the shutdown of Shenzhen's Jupiter Museum of Art and Qingdao's TAG Art Museum, with the UCCA Center for Contemporary Art also facing financial difficulties.

Blum Gallery’s Sudden End Shocked the Art Industry. What Happened?

On July 1, 2025, Tim Blum, the powerhouse Los Angeles dealer behind Blum Gallery, announced the sudden closure of his gallery after a 35-year run. The closure includes his Culver City headquarters, his Tokyo space, and a planned Tribeca location that will no longer open. Blum publicly framed the decision as a voluntary "sunset" due to systemic industry issues like over-expansion and burnout, but interviews with artists and staff reveal a more chaotic reality: the closure blindsided employees and artists, many of whom learned about it from news reports or a last-minute staff meeting that excluded Tokyo staff. Sources cite weak sales at Art Basel and Art Basel Hong Kong, poor business decisions—including buying out partner Jeff Poe and renovating a costly New York space—and a lack of severance or transition time as underlying factors.

Can Hauser & Wirth's new Palo Alto space achieve what its rivals failed to?

Hauser & Wirth announced on July 30 that it will open a new location in Palo Alto, California, in spring 2025. The 2,600-square-foot space, located in a former post office on Hamilton Avenue near Stanford University and tech giants like Meta and Google, will be the Swiss mega-gallery's 17th location worldwide and its third in California, joining two existing spaces in Los Angeles. The gallery's president, Marc Payot, cited the Bay Area's dedicated collector community and museums as key reasons for the expansion.

scottish museums gender restrooms russia morning links 1234748330

Museums Galleries Scotland, the umbrella body for 455 museums and galleries in Scotland, has warned that its member institutions face an 'environment of suspicion and policing of gender' in restrooms following a UK Supreme Court ruling that defines 'man,' 'woman,' and 'sex' in the Equality Act 2010 as referring to biological sex. The publicly funded body criticized interim guidelines from the Equality and Human Rights Commission (EHRC), arguing they fail to include trans people and could force some museums to close or leave trans individuals with no facilities. Separately, Russia has filed criminal charges against Maria Smorževskihh-Smirnova, director of the Narva Museum in Estonia, for 'rehabilitating Nazism' over a banner displaying Vladimir Putin and Adolf Hitler with the caption 'Putler War Criminal!' displayed on Russia's Victory Day.

priority bidding phillips 2671429

Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

‘We just wanted to do our small part’: how Texas's art community responded to deadly flash floods

Flash flooding in Texas's Hill Country over the 4 July weekend killed at least 137 people, devastating towns like Kerrville. Darrell Beauchamp, executive director of the Museum of Western Art, describes waking to evacuation efforts and later joining volunteer search groups along the river. The museum, located on high ground, was unharmed and opened the next morning as a refuge for first responders and locals, offering its parking lot and gallery space. Beauchamp received support from neighboring institutions like the Nimitz Museum, which offered archival supplies to help save art.

artful tom a memoir damn the originals 2592113

Thomas Hoving recounts his decision to pursue art history graduate school after military service, rejecting his father's demand that he join the family business and attend business school instead. He describes a cross-country road trip with his wife Nancy and their dog Whiskey, including a failed gambling attempt in Las Vegas and mechanical troubles in Missouri.

eddington ari aster poster david wojnarowicz 2632276

Ari Aster's upcoming film *Eddington*, premiering at Cannes, uses David Wojnarowicz's 1988–89 artwork *Untitled (Buffalos)* as its poster image. The film, set in May 2020, follows a sheriff and mayor clashing over face masks during the COVID-19 pandemic. Wojnarowicz's work, originally a critique of U.S. government indifference during the AIDS crisis, depicts bison falling off a cliff—a metaphor for societal collapse. The poster slightly alters the image, and A24, the production company, has not commented on the design.

guggenheim asher legal brawl reactions 1234747784

A bitter legal battle has erupted between prominent art advisors Barbara Guggenheim and her former partner Abigail Asher, whose firm Guggenheim Asher Associates (GAA) has collapsed. Guggenheim accused Asher of misusing firm funds for personal expenses and claiming up to $20.5 million in future commissions. Asher countersued, alleging Guggenheim stole money for personal costs including her husband's funeral, bullied her, and encouraged her to build a relationship with convicted sex offender Jeffrey Epstein. The dispute has drawn widespread attention in the art world, with collector Sylvain Levy calling it a moment of reckoning for an industry built on trust and discretion.

museo dolores set for controversial reopening no charges yet over british museum thefts christies seeks potential in trumps big bill and more morning links for july 17 2025 1234747676

Mexico City’s Museo Dolores Olmedo, home to the world’s largest collection of Frida Kahlo and Diego Rivera works, is set to reopen in 2026 after being closed since 2020 due to the pandemic. However, controversy surrounds the potential relocation of its collection to Parque Aztlán in Chapultepec, a move that nearly 100 prominent cultural figures have opposed in a letter to Mexico’s culture ministry, arguing it defies founder Dolores Olmedo’s wish that the collection remain in Xochimilco. Separately, former British Museum curator Peter Higgs, accused of stealing artifacts, has not been formally charged, though the museum has dismissed him and is pursuing a civil case; a mock trial organized by Roger Michel highlighted museums’ failure to adopt modern collection-tracking technologies. Meanwhile, Christie’s is looking to provisions in Donald Trump’s tax bill to boost the struggling art market, and global auction sales at Christie’s, Sotheby’s, and Phillips fell only 6.2% in the first half of 2025.

Phillips Sues Wealthy Scion for Failure to Come Through on Pollock Purchase

Phillips auction house has filed a lawsuit against film producer David Mimran, alleging he failed to pay $14.5 million for a Jackson Pollock painting after serving as a third-party guarantor. The untitled ca. 1948 white-on-black drip painting, which had appeared in a 1998 retrospective at the Museum of Modern Art, received no bids at a November auction in New York, leaving Mimran legally obligated to purchase it. Mimran missed two payment deadlines and later claimed he could not meet a third, prompting Phillips to file a complaint with the Supreme Court of New York.

No One Knows All It Takes // Haggerty

The Haggerty Museum of Art at Marquette University will present the exhibition "No One Knows All It Takes" from August 22 to December 20, 2025. Curated by Christopher Jobson and Grace Ebert of Colossal, the show features four artists—Bryana Bibbs, Raoul Deal, Maria Gaspar, and Swoon (Caledonia Curry)—whose work addresses the effects of concealed trauma, including addiction, incarceration, immigration, and lack of systemic support for caregivers. The exhibition aims to move beyond individual self-care to highlight root causes of trauma and systemic issues undermining collective well-being.

phillips pollock painting lawsuit david mimran 1234747383

Phillips auction house has filed a lawsuit against David Mimran, a film producer and son of billionaire Jean Claude Mimran, alleging he failed to pay $14.5 million for a Jackson Pollock drip painting (ca. 1948) that sold at a New York auction in November 2024. Mimran had agreed to a third-party guarantee for the work, which sold for $15.3 million with fees, but according to Phillips, he sought an extension and then claimed he could not pay. The auction house is seeking nearly $15 million including interest.

ulay wins case regarding against former collaborator marina abramovic 664205

A Dutch court has ordered performance artist Marina Abramović to pay her former collaborator Ulay (Ulay Laysiepen) over €250,000 ($280,500) for violating a 1999 contract regarding joint works created between 1976 and 1988. The court ruled that Ulay is entitled to 20 percent net royalties on sales of those works, plus €23,000 in legal costs. Ulay had accused Abramović of failing to provide accurate sales statements and making only four payments over 16 years. The case stems from their decade-long artistic and romantic partnership, which ended in 1988 with their famous walk on the Great Wall of China.

ulay sues marina ambramovic amsterdam 362099

Performance artist Marina Abramović is being sued by her former creative and romantic partner Frank Uwe Laysiepen, known as Ulay. Ulay alleges that Abramović violated a 1999 contract by failing to share royalties and credit for collaborative works they created together. He claims Abramović has omitted his name from attributions and provided inaccurate sales statements, paying him only four times in 16 years. Abramović's lawyer has dismissed the allegations, and the case may be heard in Amsterdam district court.

lorna simpson fort greene brooklyn home art studio hits the market 1234747042

Lorna Simpson's former home and studio in Brooklyn's Fort Greene neighborhood, designed by British architect David Adjaye in 2006, has been listed for sale at $6.5 million. The four-story, 22-foot-wide building at 208 Vanderbilt Avenue, dubbed "Pitch Black," features black polypropylene panels on the front and glass walls at the back opening onto over 800 square feet of garden space. Simpson, who created the space after failing to find a suitable existing property, used it as a combined residence and studio with her then-husband, photographer James Casebere, before relocating to a larger commercial space nearby. The property now serves as archival and storage space and is being marketed by the Corcoran Group.

abstract expressionisms unsung heroine mary abbott 2644840

Schoelkopf Gallery in New York has opened "Mary Abbott: To Draw Imagination," the first comprehensive survey exhibition dedicated to Abstract Expressionist painter Mary Abbott, who died in 2019. The show follows the gallery's announcement that it now represents Abbott's estate. Abbott, born in 1921 into a prominent New York family with presidential lineage, studied at the Art Students League and Subjects of the Artists, and showed alongside Jackson Pollock, Willem de Kooning, and others in the landmark 1951 Ninth Street Show, yet her legacy has remained largely overlooked.

Rhea Anastas

Rhea Anastas, an art historian, critic, and curator, publishes a critical essay challenging the dominance of market-driven values in contemporary visual art. She argues that the art world's focus on auction prices, luxury investment, and professional categorization has obscured the true purpose of artistic practice, which she sees as rooted in experimental culture, Black culture, performance, and film. Anastas condemns the past two decades as marked by dishonesty, particularly regarding how art history and criticism have been built on white-on-Black dispossession and violence. She calls for an end to the commodification of artists' lives and works, advocating instead for attention to non-visible practices, critique, and embodiment.