Five forces that reshaped the art market in 2025

In 2025, the art market faced significant challenges, including gallery closures and unfavorable auction results in the first three quarters, driven by geopolitical pressures such as US President Donald Trump's tariffs. However, a rebound occurred in autumn, with buoyant fairs like Frieze London and Art Basel Paris, and strong November auctions in New York totaling over USD 2 billion, carrying momentum to Art Basel Miami Beach. Key events included Gustav Klimt's *Portrait of Elisabeth Lederer* selling for USD 236.4 million at Sotheby's, a record for a Modern work, and a Frida Kahlo self-portrait setting a new record for a work by a woman. Meanwhile, several galleries closed, including Blum, Venus Over Manhattan, Clearing, Kasmin Gallery, Tilton Gallery, and Perrotin and Pace's Hong Kong outposts, while others expanded, such as Thaddaeus Ropac in Milan and Hauser & Wirth in Sicily.

New York Galleries: Openings and Closings of the Week (12/08—12/14)

In pictures: a sculptural celebration at Art Basel Miami Beach

Nora Lawrence, executive director of Storm King Art Center, curated a selection of her favorite three-dimensional works at Art Basel Miami Beach, highlighting sculptures by Thaddeus Mosley, Rashid Johnson, Mary Ann Unger, Paloma Varga Weisz, and Claes Oldenburg, as well as a painting by Saif Azzuz. The tour, published by The Art Newspaper, showcases works from galleries including Karma, Hauser & Wirth, Berry Campbell, Nicelle Beauchene Gallery, Konrad Fischer Galerie, and Paula Cooper.

New tech and old names drive sales at Art Basel Miami Beach

Art Basel Miami Beach (ABMB) saw strong sales and a cautiously optimistic mood, with Pace gallery reporting nearly $5 million in sales including a $1.1 million Sam Gilliam painting. The fair debuted a new digital art section, Zero 10, where a Beeple installation of robotic dogs excreting NFTs sold out within five hours for $1 million total, and generative art from Larva Labs sold for up to $45,000 each. However, the opening day crowd was thinner than in past years, and about 20 galleries did not return, replaced by a record 48 new exhibitors. Dealers noted a slower, quieter pace, with buyers more cautious than during the indulgent pre-pandemic era.

10 Art Shows to See in Los Angeles This December

This December, Los Angeles presents a diverse array of art exhibitions that engage with contemporary social issues, cultural protest, and new possibilities. Highlights include Alan Luna's subversive reinterpretations of Mexican history and American modernism at the new La Plaza Projects, a group show at The Box featuring nearly 200 artists challenging normative sexuality, and Daniel T. Gaitor-Lomack's assemblages at Night Gallery that poetically repurpose discarded objects from LA streets. Other notable shows include Edith Dekyndt and Richard Long's dialogue on nature at Okey Dokey Konrad Fischer, and Sam Shoemaker's performance-based mushroom boat project at Fulcrum Arts.

Van Gogh’s family used an erotic Gauguin ceramic as a flower vase

A researcher at the Van Gogh Museum, Joost van der Hoeven, has revealed that Paul Gauguin's erotic ceramic, the Cleopatra Pot (winter 1887-88), was used as a flower vase by Vincent van Gogh's family. Gauguin brought the pot to Arles when he stayed with Van Gogh in 1888, and after Van Gogh's ear incident, Gauguin gave the pot to Vincent's brother Theo as a gift. The pot later remained with Theo's widow, Jo Bonger, and a photograph from 1925-26 shows it on her piano holding flowers, surrounded by still-life paintings.

Digital art is going mainstream

Digital art has achieved mainstream acceptance in the art world, ranking third in total spending among high-net-worth collectors after painting and sculpture, according to The Art Basel and UBS Survey of Global Collecting 2025. Over half of the 3,100 respondents purchased a digital artwork in 2024 or 2025, and the average share of digital art in collections rose from 3% in 2024 to 13% in 2025, signaling a maturation beyond the NFT boom of 2022. Art Basel is launching a new section called Zero 10 at Miami Beach 2025, featuring 12 exhibitors including AOTM, bitforms gallery, and Pace Gallery, with an interactive installation by Beeple. Major museums like MoMA, Tate Modern, and Centre Pompidou have hosted significant digital art exhibitions, further boosting collector confidence.

K11 founder Adrian Cheng on Hong Kong’s art scene, the future of collecting and the creative potential of AI

Adrian Cheng, founder of the K11 property business and a prominent figure in Hong Kong's art scene, discusses his two-decade role in shaping the city's cultural landscape. He founded K11 in 2008 to integrate museum-quality art with retail, developed the Victoria Dockside district and K11 MUSEA, and established the K11 Art Foundation and K11 Craft & Guild Foundation. Cheng has launched new ventures including K11 by AC and the ALMAD Group, and his foundations have partnered with major institutions like the Palais de Tokyo, the Metropolitan Museum of Art, and the Serpentine Galleries. He also initiated a regular salon series focused on art and technology, held during events like Frieze Seoul and Asia Now.

8 Must-See Solo Gallery Shows in November

Galerie magazine has curated a list of eight must-see solo gallery shows across the United States for November, highlighting exhibitions from New York to Los Angeles. Featured artists include Robert Storr, whose return to painting is showcased at Vito Schnabel Gallery in New York with a series of geometric canvases titled "Fits and Starts"; Katherine Bradford, whose figurative works are on view at CANADA in New York; and the late Robert Kobayashi, whose bricolage pieces are displayed at Susan Inglett Gallery in New York, curated by his daughter. Other notable shows include Flora Yukhnovich at Hauser & Wirth in Downtown Los Angeles.

A manure mystery: why did Van Gogh depict heaps of sand in a painting of his beloved Yellow House?

A new study by Van Gogh Museum senior researcher Teio Meedendorp proposes that the mysterious piles of sand in Vincent van Gogh's 1888 painting "The Yellow House" are not, as previously thought, related to gas pipe installation, but rather cleansing sand used to absorb horse manure and urine on the streets of Arles. Meedendorp supports his theory with historical postcards from 1902 showing similar sand piles and street-cleaning practices, as well as municipal records indicating the city had outsourced dung removal in August 1888.

As censorship rises, is there a future for truly political, truth-telling art?

The article examines the growing threat of censorship in the visual arts, focusing on two key incidents. In the US, the Trump administration pressured the Smithsonian Institution to review its holdings for content that contradicts "American exceptionalism," leading artist Amy Sherald to withdraw her entire solo exhibition from the National Portrait Gallery after the museum considered removing her painting *Trans Forming Liberty* (2024), which depicts a transgender person as the Statue of Liberty. Meanwhile, in France, Dutch street artist Judith de Leeuw unveiled a monumental mural in Roubaix showing the Statue of Liberty covering its eyes in shame, protesting global migrant injustice, which went viral online.

15 Women-Led Art Shows to See in New York This Fall

The article lists 15 women-led art shows to see in New York this fall, highlighting exhibitions at venues such as the Alice Austen House, David Zwirner, NYU's Grey Art Museum, and others. Featured artists include Meryl Meisler, Sasha Gordon, June Edmonds, June Leaf, Karen Barbour, María Berrío, and Sissi Farassat, with shows running from September through February.

The Storm Hits the Art Market

The article reports on the severe downturn in the art market during the first half of 2025, focusing on the closure of New York-based Clearing gallery. Despite opting out of Art Basel to host an alternative exhibition in a rented villa to cut costs, the gallery could not survive its financial losses and announced bankruptcy in August. It is one of several prominent galleries—including Blum, Venus Over Manhattan, and Kasmin—that have closed amid falling sales, high overheads, and reduced collector spending.

The 10 Exhibitions to See in September 2025

The article previews ten major art exhibitions opening in September 2025, highlighting the 36th Bienal de São Paulo curated by Bonaventure Soh Bejeng Ndikung, which takes inspiration from estuaries and rivers and features artists like Frank Bowling and Huguette Caland. It also covers the Okayama Art Summit 2025, directed by Philippe Parreno, which reimagines the city as a site of balance between nature and construction, and Hayv Kahraman's solo show 'Ghost Fires' at Jack Shainman Gallery in New York, reflecting her experience as a refugee from the Gulf War.

From imps and goblins to the glitchy digital world: Flora Yukhnovich on her ‘cacophony’ of inspirations

Flora Yukhnovich, the British artist known for her large-scale gestural paintings that blend Rococo and Abstract Expressionism with digital aesthetics, discusses her inspirations and recent move from London to New York. Her works have achieved record auction prices, including £2.7m at Sotheby's in 2022, but she prefers to focus on the art itself. She has upcoming exhibitions at The Frick Collection in New York and Hauser & Wirth in Los Angeles, and her new series 'Four Seasons' references François Boucher's 18th-century paintings while incorporating glitchy, pixelated effects from digital collages created on her iPad and phone.

Washington, D.C., Museums are Showcasing African American Art, Exhibitions Focus on Photography and the Black Arts Movement, Vivian Browne, Adam Pendleton & More

Museums across Washington, D.C., are currently presenting a robust slate of exhibitions focused on African American art, including major retrospectives, solo shows, and thematic group presentations. Notable shows include "Elizabeth Catlett: A Black Revolutionary Artist" at the National Gallery of Art, "We Gather at the Edge: Contemporary Quilts by Black Women Artists" at the Renwick Gallery, solo exhibitions for Vivian Browne and Essex Hemphill at The Phillips Collection, Chakaia Booker's "In the Tower" at the National Gallery, and Adam Pendleton's "Love, Queen" at the Hirshhorn Museum. Additionally, collectors Larry D. and Brenda A. Thompson have pledged 175 works by Black artists to the National Gallery, with over 60 on view in "With Passion and Purpose."

Van Gogh’s love of Hiroshige, the Japanese master of the landscape, is reflected in a British Museum exhibition

The British Museum's exhibition "Hiroshige: Artist of the Open Road" (through September 7) showcases over 100 prints by the Japanese master Utagawa Hiroshige, including rare loans that highlight his influence on European avant-garde artists. A key display is Vincent van Gogh's own copy of Hiroshige's "The Plum Garden at Kameido" (1857), on loan from the Van Gogh Museum in Amsterdam, along with Van Gogh's squared-up tracing used for his painting. New research by British Museum senior scientist Capucine Korenberg reveals a short pencil line on the print that confirms Van Gogh used this exact copy as a guide for his tracing and subsequent painting.

Hauser & Wirth Heads to Palo Alto as Mega-Galleries Target Silicon Valley

Hauser & Wirth has announced plans to open a new gallery in Palo Alto, California, in spring 2026. The location, a historic former post office at 201–225 Hamilton Avenue, will offer 2,600 square feet of exhibition space, a bookshop, and a program of talks and events. Designed by architect Luis Laplace, it will be the gallery's sixth U.S. outpost and its third in California, joining existing spaces in downtown Los Angeles and West Hollywood. The expansion comes as the broader art market faces contraction, but mega-galleries continue targeting wealthy collector hubs like Silicon Valley.

Van Gogh was not fantasising when he painted mountain landscapes with ‘The Two Holes’

Martin Bailey, a leading Van Gogh specialist, reveals that the distinctive rock formation known as Le Rocher des Deux Trous (The Rock of the Two Holes), which appears in two of Vincent van Gogh's paintings—The Olive Trees (June 1889) and Mountains at Saint-Rémy (July 1889)—is a real geological feature near the asylum in Saint-Rémy-de-Provence, not a figment of the artist's imagination. The two paintings, held by the Museum of Modern Art and the Solomon R. Guggenheim Museum in New York, were recently displayed together at London's National Gallery exhibition Van Gogh: Poets & Lovers (14 September 2024–19 January 2025), offering a rare chance to compare them. Bailey traces the history of the formation, noting that an anonymous 17th-century artist also depicted it, and describes a walking route from the former asylum to the site.

'Hugging has replaced air kissing' – Inside America's new wave art galleries

A new wave of design galleries across the United States is redefining the traditional gallery model by prioritizing community, craft, and hospitality over sterile white-cube spaces. Galleries like Tiwa Gallery in Tribeca, Marta in Los Feliz, Blunk Space in Point Reyes Station, and Landdd in Portland are hosting opening-night dinners, sound baths, flower arranging, and workshops to create intimate, home-like environments. Curator Sonya Tamaddon, an alumna of LACMA and the Peggy Guggenheim Collection, notes a shift away from formal hierarchies toward richer dialogue between designers, artists, and collectors, with hugging replacing air kissing.

Art Basel 2025: Masterpieces, new galleries, and swimming the Rhine

Art Basel 2025 will feature a large-scale public artwork by Katharina Grosse transforming Basel's Messeplatz, along with a new sector called Premiere for mid-career galleries, the inaugural Art Basel Awards, and 20 first-time exhibitors. Director Maike Cruse highlights major works on offer, including a late-career Pablo Picasso painting at Pace, a Joan Mitchell abstract at Pace, Helen Frankenthaler's 'Swan Lake I' at Yares Art, Leonora Carrington's rare triptych at Di Donna Galleries, and a Heidi Bucher latex imprint at Lehmann Maupin. The Unlimited sector will present 67 monumental works, including Martin Kippenberger's 'Transportable Subway Entrance' and daily performances by Cairo-based dance collective nasa4nasa.

11 Must-See Museum Exhibitions This Summer

This article highlights 11 must-see museum exhibitions for summer 2025, curated by Monica Jae Yeon Moon. Key shows include Melissa Joseph's site-specific installation 'Tender' at the Brooklyn Museum, a comprehensive solo exhibition of 18th-century Dutch still life painter Rachel Ruysch at the Toledo Museum of Art and Museum of Fine Arts Boston, and a queer photography exhibition at the Getty Center. Other notable events include the Venice Architecture Biennale, Berlin Biennale, and Ljubljana Biennial, with a focus on women artists like Emily Kam Kngwarray and Takako Yamaguchi receiving overdue recognition.

Works by Charley Toorop, one of the first female painters to admire Van Gogh, go on show in the Netherlands

An exhibition titled "Charley Toorop: Love for Van Gogh" opens at the Kröller-Müller Museum in the Netherlands (24 May-14 September), showcasing 60 works by Charley Toorop (1891-1955), one of the first female painters deeply influenced by Vincent van Gogh. The show, curated by Renske Tervaert, draws on the museum's extensive Toorop and Van Gogh collections, supplemented with loans, and highlights how Van Gogh's work shaped Toorop's art, particularly in the early 1920s. A key focus is her 1924 portraits of patients at the Willem Arntsz Medical Asylum for the Insane in Utrecht, where she painted three powerful works after a traumatic marriage to Henk Fernhout, who had been institutionalized there. The exhibition also explores personal connections: Van Gogh's brother Theo was treated and died at the same facility, and Toorop's still lifes echo Van Gogh's motifs, such as her use of knives alluding to domestic strife.

Basquiat's monumental work on paper sells for US$16.3m, leading Sotheby's contemporary sale in New York

On May 15, Sotheby's held The Now and Contemporary Evening Sale in New York, achieving a total of US$127.1 million. The top lot was an untitled 1981 work on paper by Jean-Michel Basquiat, which sold for US$16.3 million after a five-minute bidding battle. The sale included 41 lots with a 92.6% sell-through rate, and all nine works from the collection of Roy and Dorothy Leichtenstein were sold, contributing US$29 million to the total.

Sotheby’s Closes Marquee Week With $186.1M in Contemporary Sales

Sotheby’s closed its May marquee auction week with $186.1 million in combined contemporary sales across three sessions on May 16. The evening began with a white-glove sale of 12 works from Barbara Gladstone’s personal collection, fetching $18.8 million, followed by a $40.4 million sale from Daniella Luxembourg’s collection, which signaled revived appetite for Italian postwar art. The main Contemporary Evening Auction saw strong bidding for emerging artists like Danielle Mckinney and Mohammed Sami, though some high-profile lots like Richard Prince’s Man Crazy Nurse fell short of estimates.

On the Met Gala’s Cy Gavin-designed blue carpet, art was front and centre

The 2025 Met Gala, held on May 5 at the Metropolitan Museum of Art, raised a record $31 million while celebrating the opening of the Costume Institute's new exhibition, "Superfine: Tailoring Black Style" (May 10-October 26). The event's dress code, "Tailored for You," inspired attendees to embrace Black-dandy fashion, with guests including Rihanna, Cynthia Erivo, Stevie Wonder, and Kamala Harris. The exhibition, curated by Andrew Bolton and Monica L. Miller, explores the evolution of Black style in the Atlantic diaspora from the 18th century to today, drawing on Miller's 2009 book "Slaves to Fashion: Black Dandyism and the Styling of Black Diasporic Identity." It is the Costume Institute's first show to directly address race's impact on style and the Met's first menswear exhibition in over 20 years.

When—and why—did Van Gogh paint a pair of crabs?

An article explores the story behind Vincent van Gogh's still life "Two Crabs," revealing that the two crabs are likely the same individual—a female Cancer pagurus missing its first pair of walking legs. Paul Clark, a crustacean specialist at London's Natural History Museum, confirmed the sex based on the broad abdomen visible in the painting. The work is on long-term loan to London's National Gallery, where it was recently redisplayed as part of the gallery's major rehang ahead of the Sainsbury Wing reopening on May 10. The article also traces the painting's provenance: it was the first Van Gogh bought by a British collector, William Cherry Robinson, in 1893 for 200 guilders, later sold at auction in 1906 for half that amount, and eventually resold at Sotheby's in 2004 for £5.2 million to an anonymous collector who lent it to the National Gallery.

Antonia Ruder On the Role of Gallery Weekend Berlin in a Changing Art Market

Gallery Weekend Berlin returns for its 21st edition from May 2-4, 2025, featuring fifty-two galleries showcasing established and emerging artists. Antonia Ruder, who joined the event in 2023 and is now preparing her second full edition as director, discusses the festival's origins as a private initiative by five art dealers in 2005, its growth to become a global art calendar highlight, and its role as a premier platform for contemporary art in Germany in the absence of an international art fair in Berlin.

Kingston’s Art Renaissance Continues: 68 Prince Street Gallery Opens with Francine Tint’s “Symbolic of the Whole”

A new contemporary art gallery, 68 Prince Street Gallery, has opened in Midtown Kingston, New York, in a former dry cleaners space transformed over six years by artists Paula and David Kucera. The inaugural exhibition, “Symbolic of the Whole,” features paintings and sculptures by New York artist Francine Tint, a former costume designer for David Bowie and Ridley Scott who turned to abstraction in the 1970s. Curated by Alan Goolman, the show highlights Tint’s rarely seen bronze sculptures alongside her canvases, while a front room dedicated to artist books and prints is overseen by book artist Maureen Cummins.

Regional strength helps insulate Art Dubai from tariff-related turbulence

Art Dubai, running until 20 April, opened as the first major art fair since US President Trump announced global tariffs that nearly triggered a financial crisis. Sales were solid, with most works priced in the low six figures or thousands, insulating the fair from market anxieties. A divide emerged between regional SWANA galleries—which presented the strongest booths—and international galleries from the US, Europe, and Latin America, which seemed uncertain about what to bring. Notable sales included works by Rana Begum, Mehdi Ghadyanloo, Ali Cherri, and Shaikha Al Mazrou, while galleries like Sfeir-Semler, Vigo Gallery, and Experimenter reported strong results.