A Rembrandt drawing titled 'Young Lion Resting' (ca. 1638–43) sold for $18 million at Sotheby's New York on February 4, setting a new auction record for a work on paper by the artist. The sale price fell within the pre-sale estimate of $15–20 million and far surpassed the previous record of $3.7 million for a Rembrandt drawing.
10 power players paris
The inaugural edition of Paris+ by Art Basel has opened in Paris, marking a significant shift in the city's art fair landscape. The article profiles ten key figures instrumental in shaping the French art market, including fair director Clément Delépine, dealer and committee president Marion Papillon, and institutional leaders like Suzanne Pagé of the Fondation Louis Vuitton and Rebecca Lamarche-Vadel of Lafayette Anticipations.
A nationwide general strike, called for Friday, January 30, 2026, in protest of U.S. Immigration and Customs Enforcement (ICE) operations in Minneapolis, has prompted numerous art galleries and organizations to close their doors. Major commercial galleries like Gagosian, David Zwirner, Hauser & Wirth, and Pace Gallery, alongside institutions such as the Museum of Contemporary Art Los Angeles and the Drawing Center, are participating in the shutdown.
Artnet News is searching for a permanent writer for its Wet Paint gossip column, with guest writers like Janelle Zara filling in temporarily. The column focuses on speculating about the identity of the anonymous Instagram account @artnotnet, which posts humorous, all-caps commentary on art world headlines, and notes the rise of art sales on platforms like Facebook Marketplace.
Newly released documents from the Department of Justice reveal that the late financier and convicted sex offender Jeffrey Epstein was deeply involved in facilitating major art transactions between mega-collector Leon Black and Gagosian gallery. The files detail Epstein's personal communications with Black's lawyers regarding the acquisition of Pablo Picasso's 1931 sculpture *Buste de Femme (Marie-Thérèse)*, a work that was the subject of a legal dispute before Black acquired it for over $115 million. Epstein also assisted in a complex $48 million swap of a Rothko painting for a Picasso through Gagosian in 2012.
Art Basel has launched its first edition in Doha, Qatar, with a deliberately small and tightly controlled format. The fair features only 87 galleries, all required to mount solo presentations, with strict limits on booth size, power sources, and rehanging of works. This creates a slower, calmer atmosphere distinct from its larger, more chaotic sister fairs in Miami and Paris.
A significant number of New York art galleries, including major players like Pace Gallery, David Zwirner, and Marian Goodman, will close on January 30 to join a nationwide general strike protesting expanded Immigration and Customs Enforcement (ICE) operations. The strike is a response to allegations of federal overreach, including the use of deadly force against protestors and the detention of Native Americans, which have fueled widespread outrage.
A 51-page document released as part of the Jeffrey Epstein files appears to catalog the extensive private art collection of billionaire collector and former MoMA board chair Leon Black. The document, which lists works by masters from Michelangelo to Picasso under corporate entities linked to Black, reveals valuations and details of a collection largely kept from public view, including works held as promised gifts to major museums like MoMA and the Metropolitan Museum of Art.
The Asia-Pacific art scene saw significant activity across multiple sectors. Art SG reported increased attendance and sales, while the SAM Art SG Fund acquired works for the Singapore Art Museum. JD.com announced plans for a major new museum in Shenzhen, and several appointments and award winners were named across the region. Auction houses Bonhams Hong Kong and Sotheby's Singapore posted strong sales results, with the latter setting new artist records.
Jaiveer Johal, an Indian art collector and logistics heir based in Chennai, discusses the current boom in the Indian art market in an interview for Artnet Pro's newsletter "The Asia Pivot." Johal, who founded the Avtar Foundation for the Arts in 2024 to promote Modern and contemporary South Asian art, notes that auction records for Indian Modern masters have reached new highs while contemporary galleries like Experimenter, Nature Morte, and Jhaveri Contemporary are expanding internationally. He observes that rising prices are pricing out many collectors, including himself, as institutions and wealthy buyers drive demand.
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.
Lower Manhattan is getting a new nonprofit art space called Times (styled in lowercase), founded by Summer Guthery and Francesca Sonara. Located on the fourth floor of 151 Lafayette Street above the Museum of Chinese in America, the 3,000-square-foot venue will operate for only three years. Its inaugural exhibition, featuring Danish artist Nina Beier, opens February 21 with a display of melting Cornetto ice cream cones. The space will officially open February 12 with a performance by Latvian choreographer Jana Jacuka. Guthery, previously founding artistic director of Canal Projects, and Sonara, former director of communications at Minnesota Street Project, met as graduate students at Bard College's Center for Curatorial Studies.
Seyni Awa Camara, a Diola sculptor from Bignona, Senegal, known for her totemic clay sculptures of stacked human bodies, has died. Her work, steeped in spirituality and inspired by a ram's horn she called a 'genie,' gained international recognition after being discovered by anthropologist Michèle Odeyé-Finzi and introduced to Europe by gallerist André Magnin. Despite her global following—including fans like Pharrell Williams and Louise Bourgeois—Camara remained largely unknown in her home country, relying on foreign buyers to sustain her practice.
The article reports on a growing trend in the art world called a 'strategic pause,' where galleries and art fairs are temporarily suspending operations to reassess their futures. Vienna's Spark Art Fair announced a hiatus, Berlin dealer Mehdi Choukri is pausing exhibitions at his 30-year-old gallery, and the Art Dealers Association of America's Art Show skipped a year to 'reimagine' its direction. Additionally, the Metropolitan Opera in New York is considering selling its iconic Marc Chagall murals, and a fresh-to-market Magritte painting is heading to Christie's London.
Nicolas Party's exhibition "Dead Fish" at Karma gallery in Chelsea, New York, features approximately 40 postcard-sized oil-on-copper works and a mural of three dead fish, a departure from his usual large-scale pastel paintings. Only 10 of the works were for sale, priced between $165,000 and $205,000, and all sold quickly. The show includes replicas of his earlier compositions, described as a "retrospective in miniature," with many pieces drawn from his archive and not available for purchase.
The FOG Design+Art fair in San Francisco opened with a glitzy preview gala at Fort Mason Center, serving as a fundraiser for SFMOMA's education initiatives. VIP tickets started at $10,000 for the first hour, and by 7 p.m., the event filled to capacity as prices dropped to $250. Dealers reported a different energy this year, partly due to the recent Los Angeles wildfires affecting many participating galleries. Sales were strong, with New York dealer Ales Ortuzar selling multiple works by Suzanne Jackson in the first few hours. Local collector Sonya Yu, a recent ARTnews Top 200 listee, highlighted the resilience and sophistication of the Bay Area art community.
Amy Sherald, the painter known for her tender portraits of Black American life, has signed with Creative Artists Agency (CAA), a major talent agency. Sherald, who has been represented globally by Hauser & Wirth since 2018, rose to fame after painting Michelle Obama's official portrait for the National Portrait Gallery. She was set to become the first Black contemporary artist to have a solo exhibition at the National Portrait Gallery in 2025, but canceled the show after a censorship controversy involving her painting 'Trans Forming Liberty.'
A senior curator and two collections committee volunteers have resigned from the Art Gallery of Ontario (AGO) after the institution voted against acquiring a new slideshow work by artist Nan Goldin. The purchase was rejected by an 11-9 vote, with some committee members finding Goldin's November 2024 speech denouncing Israel's attacks on Gaza as genocide to be "offensive" and "antisemitic." Goldin had spoken at the Berlin opening of her traveling retrospective, expressing moral outrage and arguing that calling anti-Zionism antisemitic is a false equivalency. The AGO's modern and contemporary curator, John Zeppetelli, stepped down allegedly because of the incident, while the Vancouver Art Gallery and Walker Art Center proceeded with their part of the acquisition.
The Winter Show returns to New York's Park Avenue Armory from January 23 to February 1, 2026, blending blue-chip modernism with decorative arts, design, jewelry, and antiques. The fair features a special presentation titled 'Study of a Young Collector,' curated by Patrick Monahan in collaboration with executive director Helen Allen, which imagines the private study of a next-generation collector using works from 11 international dealers exhibiting for the first time. Notable highlights include Jonathan Boos's presentation of Christo and Jeanne-Claude's early work 'Wrapped Toy Horse' (1963), priced at $450,000, and a rare copper and gilt mask by Harlem Renaissance artist Sargent Claude Johnson from 1933, priced at $245,000. Boccara Gallery also showcases modern and contemporary tapestries by artists like Man Ray and Alexander Calder.
This week's art industry roundup covers a flurry of developments across art fairs, auction houses, galleries, and museums. A new boutique fair called Enzo will launch alongside Frieze Los Angeles in an Echo Park warehouse with 10 New York galleries, while Felix Los Angeles returns to the Hollywood Roosevelt Hotel with 50 exhibitors. Art Cologne's revived Palma Mallorca fair announces 88 exhibitors for its April debut. At auction, Christie's London will offer the Vanthournout collection of modernist and Surrealist works, including a Magritte painting estimated at $4.7 million, while Bonhams sells rare Oscar Wilde materials and three Bob Ross paintings. In gallery news, Roland Augustine steps down at Luhring Augustine, Lehmann Maupin opens a London space, and several galleries announce new artist representations. Museums see leadership changes at the Park Avenue Armory and Wrightwood 659, and the Rijksmuseum plans a new sculpture garden.
At the opening of San Francisco's FOG Design and Art fair, prominent collector Komal Shah navigated the crowded aisles, stopping to chat with a who's who of the Bay Area art scene, including FOG founder Stanlee Gatti, ICA San Francisco director Ali Gass, and SFMOMA director Christopher Bedford. Shah, known for her collection focused on women artists, was scouting works with a handwritten list, considering pieces by Ruth Asawa and Joan Brown, though she passed on a $425,000 Asawa sculpture. The fair's gala serves as a fundraiser for SFMOMA, and Shah's collection is currently on view at the Berkeley Art Museum and Pacific Film Archive in the exhibition "Making Their Mark: Works from the Shah Garg Collection."
A previously unknown Renaissance portrait attributed to Hans Baldung Grien, executed in silverpoint in 1517 and depicting Susanna Pfeffinger, is expected to sell for up to $3.5 million at a Paris auction on March 23. The drawing, which measures just four by six inches, has remained in the Pfeffinger family for 500 years and was only recently discovered by Old Master drawings expert Patrick de Bayser. It is being offered by French auction house Beaussant Lefèvre and Associés and Paris gallery Cabinet de Bayser at Hôtel Drouot.
The Smithsonian Institution faces a deadline to submit internal communications and exhibition materials to the White House as part of President Donald Trump's review aimed at eliminating so-called 'woke' ideology. Smithsonian Secretary Lonnie G. Bunch III has begun turning over documents from several galleries on a rolling basis, and the National Portrait Gallery has already complied by replacing Trump's portrait with a new photograph and removing mentions of his two impeachment trials from the wall text. The review, launched in August 2025, targets eight museums including the National Museum of African American History and Culture and the Hirshhorn Museum, following an April executive order titled 'Restoring Truth and Sanity to American History.'
The article investigates the rising cost of art shipping, which has become a major issue for the art industry since the Covid-19 pandemic. Industry figures including Fritz Dietl of Dietl logistics, Belgian collector Alain Servais, art advisor Michaela Neumeister de Pury, New York collector Jonathan Travis, dealer Jack Shainman, and OCS Art Services owner Nicole Scuderi describe shipping as a 'necessary evil' and a 'major stumbling block' that affects galleries, collectors, fairs, auction houses, and museums. Costs surged during Covid due to inflation in labor, materials, and insurance, and have not come down, while complications from Brexit, U.S. trade policies, and New York State tax laws have added further layers of expense and confusion.
The Peter Hujar Archive and Foundation has left Pace Gallery and will now be jointly represented by New York-based gallery Ortuzar and Fraenkel Gallery in San Francisco. The archive will continue working with Mai 36 Galerie in Zürich and Maureen Paley in London on select projects. Ortuzar founder Ales Ortuzar expressed deep personal excitement about representing Hujar, who will be the first photographer the gallery has represented since its founding in 2018. The gallery plans two concurrent exhibitions this spring: a recreation of Hujar's 1986 show at Gracie Mansion and a group show featuring artists from his circle.
Berlin’s Galerie Mehdi Chouakri announced a temporary pause from exhibitions after nearly thirty years and around 250 shows. Owner Mehdi Chouakri cited personal reasons and the increasing demands of the traditional primary market model. The gallery will continue to represent its estates and living artists through collaborations, and may mount a new exhibition as soon as fall 2025. The pause follows a difficult year for galleries globally, with several high-profile closures and retrenchments.
This week's art industry roundup covers a postponement, financial losses, legal disputes, and leadership changes. New Jersey's Art Fair 14C has been postponed to May 2027, with organizers citing capacity issues unrelated to market conditions. Bonhams reported a 90% pre-tax loss jump to £213 million in 2024 due to impairment charges. A rediscovered Watteau drawing will be auctioned at Christie's Paris, and personal items of Jimmy and Rosalynn Carter are featured in Christie's 'American Collector' sales. In galleries, Amy Sillman left Gladstone for David Zwirner, Trevor Paglen joined Jessica Silverman, and Maya Hewitt joined Theta. The Louvre partially closed after a staff strike demanding director Laurence des Cars' resignation and reassessment of a renovation plan. Belgium's plan to dismantle Antwerp's M HKA museum has sparked resignations and backlash. New appointments include Will Cary as COO of the Barnes Foundation and Patton Hindle as director of arts at the Knight Foundation. MATHAF museum in Doha announced a campus expansion by architect Lina Ghotmeh. Legal disputes emerged between Gian Enzo Sperone and Angela Westwater over the shuttered Sperone Westwater gallery.
Artnet News highlights 11 must-see gallery shows during Armory Art Week in New York City, running from September 5 to October 26, 2024. Featured exhibitions include Gina Beavers' 'Divine Consumer' at Marianne Boesky Gallery, where she presents semi-sculptural relief paintings inspired by internet blankets and towels; Jenny Holzer's 'Words' at Sprüth Magers, showcasing her text-based works from the 1980s to present, including a new AI-generated LED installation; 'Radical Artists of the 1960s/1970s: Between Geometry and Gesture' at David Nolan, featuring works by Barry Le Va, Bruce Nauman, and others; and Stephen Thorpe's 'Dream House' at Dimin, with oil paintings of interiors merging into dreamlike landscapes.
David Zwirner Gallery now represents New York-based artist Amy Sillman, whose colorful paintings and drawings bridge figuration and abstraction. She previously worked with Gladstone Gallery, where her 2018 show “Mostly Drawing” was praised by critic Phyllis Tuchman. Sillman continues her relationships with Thomas Dane Gallery in London and Capitain Petzel in Berlin, and will participate in a three-person exhibition at Chantel Crousel in Paris this summer. Her first show at Zwirner is scheduled for 2027.
Artnet News examines the top five auction results for Jean-Michel Basquiat, whose meteoric rise and tragic death at age 27 fueled a legendary market. The list includes works such as "Versus Medici" (1982), which sold for $50.82 million at Sotheby's in 2021; "El Gran Espectaculo (The Nile)" (1983), which fetched $67.1 million at Christie's in 2023; and "Untitled" (1982), which reached $85 million at Phillips in 2022. The article highlights the artist's synthesis of graffiti and Renaissance aesthetics, his relationships with figures like Andy Warhol, and the explosive growth of his market over the past decade.