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nifty gateway nft platform shutters

Nifty Gateway, one of the earliest and most prominent NFT marketplaces, announced it will shut down on February 23, 2026, citing sharply declining activity. The platform, founded in 2018 by twins Duncan and Griffin Cock Foster and acquired by Gemini in 2019, has entered withdrawal-only mode, advising users to move their assets before the deadline. At its peak in 2021, Nifty Gateway reported $300 million in gross merchandise value, boosted by a Sotheby's partnership for a $17 million NFT drop by the artist Pak. The closure follows the collapse of the NFT boom, with trading volumes plummeting and other platforms like Async Art, KnownOrigin, and MakersPlace already shuttered.

arttactic art market outlook 2026

ArtTactic's Global Art Market Outlook report indicates that the art market is entering 2026 with renewed optimism, with over half of participants expecting growth. Auction sales rose 11% year-on-year in 2025, driven by high-value trophy works and single-owner collections. Confidence is strongest at the top (works over $1 million) and bottom (under $50,000) of the market, while the mid-market remains squeezed. Modern and Post-War art lead the rebound, with painting dominating over NFTs and AI art. Geographically, the Middle East is the most bullish region, boosted by events like Art Basel Qatar, while the US and parts of Asia show improving sentiment, and Europe lags.

art basel qatar uncertainty

Art Basel Qatar is set to proceed as scheduled in early February despite heightened Gulf tensions following U.S. and U.K. troop reductions near Doha. Dealers and visitors remain cautious, with some delaying travel plans, while Iran's temporary airspace closures have disrupted flights. Organizers say they are continually evaluating the security environment and remain committed to delivering a successful inaugural edition.

marc spiegler 2026 market

Artnet News editor Kate Brown interviews Marc Spiegler, former global director of Art Basel (2007–2022), to analyze the state of the art market entering 2026. The article reviews a turbulent 2025: galleries closed, buying energy dried up, some fairs shrank, and the secondary market faltered, though the hype-driven speculation of previous years receded. By late 2025, signs of recovery emerged—successful fall auction weeks in New York and a stronger-than-expected Art Basel Miami Beach—and both Christie’s and Sotheby’s reported upticks in projected revenue for the year.

bonhams posted significant losses 2024

Bonhams, the UK-based auction house, reported a nearly 90% surge in pre-tax losses to £213 million ($286.3 million) in 2024, alongside a 9% revenue decline to £176 million ($236.6 million), according to filings with Companies House. The losses were driven by £153 million in impairment charges due to reduced cash flow forecasts, reflecting a write-down on the investment value held by former owner Epiris. The house was sold to Pemberton Asset Management in October 2024, and subsequently saw a leadership overhaul, with Seth Johnson appointed CEO, Liese Thomas as CFO, and Jennifer Babington as COO, replacing Chabi Nouri and Céline Assimon.

pantone color institute executive cloud dancer controversy

Pantone has selected “Cloud Dancer,” a shade of white, as its 2026 Color of the Year, sparking backlash on social media and in some media outlets. Critics have accused the company of “whitewashing” and being out of touch, particularly given the current political discourse and rollback of DEI programs. Some have also suggested the color signals wealth and elitism. Pantone’s executive director, Leatrice Eiseman, defended the choice in a statement, saying it was based on emotional and creative resonance, not politics or ideology, and that the color represents relaxation, reflection, and creativity.

ubs report billionaires spend more art antiques

UBS's eleventh Billionaire Ambitions Report reveals that global billionaire wealth hit a record $15.8 trillion in 2025, with the number of billionaires rising 8.8% to nearly 3,000. The report, based on a survey of 87 ultra-wealthy clients, found that 27% plan to increase their investment in art and antiques, while 65% intend to maintain current levels—totaling 92% of respondents. Enthusiasm is strongest in Europe, the Middle East, and Africa (35% planning increases), followed by Asia-Pacific (25%), and weakest in the Americas (15%).

alserkal design miami dubai launch

Alserkal, a Dubai-based cultural enterprise, and Design Miami have announced a multi-year partnership to launch a new regional platform for collectible design in Dubai. The initiative, centered on a flagship fair and year-round programming, will debut in early 2027, marking Design Miami's first expansion into the Middle East. The collaboration leverages Alserkal's 15-year history in developing Dubai's contemporary art scene and Design Miami's two decades of experience in Miami and Paris, aiming to create a network that connects these hubs and elevates Middle Eastern design globally.

reddit rart drama prints hayden williams

A controversy erupted on the Reddit forum r/Art after Brooklyn-based digital artist Hayden Clay Williams posted his work *Clear Boundaries* (2025) and mentioned in a comment that prints were available. This violated the subreddit's strict anti-self-promotion rules, leading a moderator to permanently ban Williams and delete all his past posts. Williams shared the exchange on X, where it gained 11 million views, sparking widespread backlash. Users spammed the forum with the word "print" and pressured the moderators, who eventually resigned en masse, leaving the subreddit frozen and without new posts for a week.

easter island 3d map carved statues

Researchers from Binghamton University, at the request of an indigenous community group on Easter Island, have created a high-resolution 3D model of the Rono Raraku quarry, where 95 percent of the island's moai statues were carved. Using drone flights and over 11,000 overlapping photographs stitched together via photogrammetry, the model documents the quarry in unprecedented detail, including 133 quarried voids, 400-plus unfinished moai, and evidence of 30 distinct clan-based carving areas. The model is freely available online and was motivated by a 2022 wildfire that threatened the site.

titanic gold pocket watch sets auction record

A gold pocket watch recovered from the Titanic wreck, owned by Isidor Straus, sold for £1.78 million ($2.33 million) at Henry Aldridge and Son Auctioneers in Devizes, England, setting a new auction record for Titanic memorabilia. The 18-carat Jules Jurgensen watch, engraved and given to Straus on his 43rd birthday in 1888, stopped at 02:20 when submerged. Straus, a Macy's partner and former U.S. Congressman, perished with his wife Ida on the Titanic in 1912. The sale also included other items totaling £3 million, such as a letter by Ida Straus and a Titanic passenger list.

art auction glossary guide

Artnet News has published a glossary guide explaining key terms and concepts used in art auctions. The guide covers terminology such as reserve price, hammer price, buyer's premium, and bidding increments, aimed at helping newcomers navigate the auction process.

university of leicester trans inclusive museum guideline updates

The University of Leicester has updated its guidance on trans-inclusivity for museums and galleries, despite facing litigation threats from the campaign group Freedom in the Arts (FITA). The 44-page document, originally published two years ago by the university’s Research Center for Museums and Galleries (RCMG), offers a framework for creating inclusive public spaces and workplaces, addressing legal and ethical questions about trans inclusion. FITA sent two letters threatening legal action, arguing the guidance is “misleading” and “unlawful,” particularly objecting to bathroom etiquette that states trans visitors should use the bathroom they feel most comfortable using. The university is reviewing the latest correspondence and declined further comment.

ireland basic income artists program permanent

Ireland is set to make its basic income for artists program permanent starting in 2026, following a successful pilot launched in 2022. The program provides selected artists with approximately $375 per week (about $1,500 monthly), with 2,000 spots available and applications opening in September 2026. The pilot, which involved 2,000 randomly selected recipients from over 9,000 applicants, cost €72 million but generated nearly €80 million in economic benefits, according to an external report by Alma Economics. Recipients saw arts-related income increase by over €500 per month, while reliance on other social programs declined.

massive moai statues walked to platforms easter island new study

A new study in the Journal of Archaeological Science by archaeologists Carl Lipo of Binghamton University and Terry Hunt of the University of Arizona proposes that the 92-ton moai statues on Easter Island, Chile, were transported in a vertical position using ropes to “walk” them onto their stone platforms. The research combines three-dimensional modeling, field experiments with a scaled replica, and analysis of 62 abandoned statues along ancient roads, finding that wider bases and a forward lean of 6–15 degrees enabled a rocking motion that allowed a team of 18 people to move a statue 328 feet in about 40 minutes.

the rubin names 2025 art prize research and art projects grants

The Rubin Museum of Himalayan Art, which closed its New York physical space in 2024 to become a "global museum," has announced the winner of its 2025 Himalayan Art Prize: Khadhok – Tibetan Artists’ Collective, a Dharamshala-based group founded in 2023. The prize includes a $30,000 purse, the largest of its kind for Himalayan artists. Additionally, the museum named 15 recipients of its 2025 Research and Art Projects grants, distributing $200,000 total among projects ranging from $3,000 to $25,000, selected from 132 applications.

fita campaign group threatens leicester university trans inclusive museum guidelines

A campaign group called Freedom in the Arts (FITA) has threatened to sue the University of Leicester in the UK over its “Trans-Inclusive Culture” guidelines for museums and galleries, demanding their removal. The guidelines, published two years ago by the university’s Research Center for Museums and Galleries (RCMG), aim to help cultural institutions create inclusive spaces for transgender people. FITA, co-founded by choreographer Rosie Kay and former Arts Council England staffer Denise Fahmy, argues the guidance misrepresents the legal definition of “sex” under the Equality Act 2010, following a UK Supreme Court ruling that “woman” and “sex” refer only to biological women and biological sex. The group claims the guidelines could encourage unlawful policies, such as allowing toilet access based on gender identity, and discriminate against staff with gender-critical beliefs.

new 2025 survey galleries art fair model first thursday

A new report from First Thursday, a London-based sales intelligence company, reveals widespread frustration among gallerists over the rising costs and high risks of participating in art fairs. Surveying 56 commercial galleries across Europe, Asia, Africa, and North America, the inaugural Art Fair Report found that nearly half of galleries spent over £30,000 ($40,000) per fair, with 24% spending between £50,000 and £100,000. High participation costs were cited by 83% of respondents as the biggest challenge, followed by sales uncertainty (77%). As a result, 31% plan to attend fewer fairs, shifting investment to digital platforms and marketing.

winston artory merger launches

Art appraiser Winston Art Group and art-tech firm Artory have merged to form the Winston Artory Group (WAG), a new company offering art appraisal, advisory, and digital collection management services. The merger is backed by a strategic investment led by Strobe Ventures, with support from CMT Digital, Galaxy Digital, and the family office of Eijk van Otterloo. WAG combines Winston's valuation expertise with Artory's blockchain-backed technology and a database of over 50 million art market transactions, aiming to provide secure, data-rich valuations to insurers, banks, family offices, and collectors. The firm expects to handle $15 billion in valuations this year.

donald trump drawing auction

A drawing of the Manhattan skyline by President Donald Trump sold at auction for $29,184 on Thursday night. The work was created by Trump for a charity auction promoting worldwide literacy in 2005 and was consigned by the winner of that original event. The sketch, drawn on a large envelope, is one of only three known variants. The auction, held by Los Angeles-based Nate D. Sanders, attracted 11 bids starting at $9,000, with interest from both Trump followers and presidential memorabilia collectors.

22 stone blocks alexandria ancient lighthouse seafloor

A team from the French National Center for Scientific Research has lifted 22 massive stone blocks from the Lighthouse of Alexandria from the seafloor, 30 years after the remains were first discovered in Egypt. The blocks include monumental door lintels, jambs weighing 70 to 80 tons, a threshold, large base slabs, and parts of a previously unknown pylon with an Egyptian-style door from the Hellenistic period. Each block will be scanned and studied to add to a digital collection of over 100 blocks already digitized, aiming to construct a virtual model of the lighthouse. The excavation was supervised by archaeologist Isabelle Hairy and conducted under the Egyptian Ministry of Tourism and Antiquities, with support from La Fondation Dassault Systèmes and French documentary company GEDEON Programmes, which filmed the work for a 90-minute documentary.

inside french artist jehan legacs sci fi surrealist scenes

Artist Jehan Legac, originally from Paris and based in Bangkok, discusses his practice of oil painting and photorealistic surrealism in an interview. His work, which explores femininity, sensuality, and sci-fi or fantasy narratives, has been exhibited at Nave8 Gallery in Ibiza, Saba Gallery in Miami, and Chaiyos Gallery in Bangkok. Legac describes his creative process as a slow, intuitive dialogue with the medium, emphasizing patience and emotional depth over intellectual understanding.

galerie thomas director custody investigation

Silke Thomas, co-manager of Munich-based Galerie Thomas, has been in custody since mid-December as part of a criminal investigation into the gallery's bankruptcy filing last summer. Munich prosecutors are investigating her and her father, founder Raimund Thomas, on suspicion of delaying insolvency, fraud, and breach of trust, with outstanding debts estimated at over $10 million. Raimund Thomas's whereabouts are unknown, and the gallery's absence from Art Basel in June 2024 hinted at financial trouble before the bankruptcy filing.

new regulation around eu import law promises art market shakeup

A new European Union regulation, Regulation (EU) 2019/880, will take effect on June 28, requiring thorough provenance documentation for cultural objects over 200 years old (or 250 for archaeological items) imported into the EU. Importers must provide material evidence proving lawful acquisition from the country of origin, including the object's origin, export date, and chain of ownership, or face potential seizure. The rule builds on a 2019 anti-trafficking law and has sparked concern among EU-based dealers, who warn it could stifle the market for antiquities and non-European art.

new mural at chicago rate field pope leo xiv white sox

A new mural at Chicago's Rate Field commemorates Pope Leo XIV (formerly Robert Prevost, known as "Father Bob") attending Game 1 of the 2005 World Series as a White Sox fan. The mural, located near Section 140, features the pope in regalia with hands raised, above a screenshot from the Fox broadcast showing him in White Sox gear alongside his friend Ed Schmit. The artwork honors both the papal election and Schmit, a lifelong Sox fan who died in 2020 and had predicted Prevost would become pope.

art market minute may 26

Art Basel is launching a new fair in Doha in February 2026, marking its fifth global edition and a strategic expansion into the Gulf region. The move is backed by Qatar Sports Investments and QC+, a commercial arm of Qatar Museums, reinforcing Qatar’s cultural ambitions while placing the country in direct market competition with Dubai and a rising Saudi Arabia. Additionally, Sotheby’s has sold the most valuable trove of Old Master works ever offered in a single auction, and there have been more high-profile shifts from auction houses to private dealerships.

Abbottabad painter keeps portrait art alive

The article profiles acclaimed portraitist Nasir Shehzad, who has spent over four decades preserving and advancing the art of portraiture and cinematic painting in Abbottabad, Pakistan. His artistic journey began in childhood and gained early recognition through scouting competitions in the 1980s, leading him to professional cinematic painting by 1989. Shehzad has since become a central figure in the local art community through mentorship, founding his own creative platform, and participating in numerous exhibitions and residencies across the country, including recent shows at major institutions like the Lahore Museum and Pakistan National Council of the Arts.

Heritage Fine Arts Guild’s “Best of Heritage” returns to Bemis Public Library

The Heritage Fine Arts Guild is bringing back its annual "Best of Heritage" art show to the Bemis Public Library in Littleton, Colorado, from June 1 to June 30. The exhibition features nearly 50 paintings by 24 guild artists, centered on the theme "Our Vision: Our Joy," chosen collectively by members to reflect finding joy in community, art, and life. A juried awards reception will be held on June 10, with juror Mary Williams, a Colorado-based artist and curator for the Healing Arts Program at several local hospitals, selecting top prizes and offering critiques to participating artists.

Mark Seidenfeld Sets Sail Into “Uncharted Waters” With New Art Exhibition

Hamptons-based abstract painter Mark Seidenfeld presents *Uncharted Waters*, a solo exhibition of paintings inaugurating the newly renovated Corwith Homestead Tractor Barn at the Bridgehampton Museum. The show runs from June 4 through June 21, 2026, and features works that transition from representational to fully abstract, exploring themes of depth, gesture, and the unknown through layered, revised compositions.

Fractured Horizons Returns to NYCxDesign 2026 with Imaging After Images, Marking Its Second International Spotlight at the Festival

Fractured Horizons: Imaging After Images, the second edition of VSDesign's international exhibition series, returned to the NYCxDesign Festival in 2026, running for a week in New York. Organized by VSDesign in partnership with RAC Studio and Asia Design Week, the exhibition featured 60 works by artists and designers from across Asia and North America, spanning architecture, urbanism, product design, visual communication, and interactive media. The show explored how images no longer simply depict space but actively produce, operate, and regulate it, treating the image as a spatial mechanism rather than a neutral surface.