The article examines the art market's struggle to attract new wealthy buyers despite a surge in global wealth. Marc Spiegler, former global director of Art Basel, argues that galleries have failed to recruit the newly wealthy, noting that inflation-adjusted art sales have declined over the past 15 years. He suggests the industry needs to reposition art as 'magical' and transformative to appeal to potential patrons.
2025 has been a landmark year for dinosaur fossils in the art world, marked by high-profile sales, seizures, and ethical controversies. In November, a pair of Allosaurus fossils and a Stegosaurus skeleton worth £12 million ($15.6 million) were seized by the UK's National Crime Agency from Binghai Su, a Chinese national linked to a major money-laundering case in Singapore. The fossils had been purchased at Christie's Jurassic Icons auction in 2024. Meanwhile, Sotheby's sold a juvenile Ceratosaurus fossil for $30.5 million in July, far exceeding its $6 million estimate, and Phillips entered the dinosaur market for the first time, selling a juvenile Triceratops skeleton for $5.4 million in November. The most expensive dinosaur fossil ever, a Stegosaurus named Apex bought by hedge fund titan Kenneth Griffin for $44.6 million in 2024, was loaned to the American Museum of Natural History.
The Ruth Foundation for the Arts has named five artists as recipients of its 2026 Ruth Awards: Yuji Agematsu, Ranu Mukherjee, Will Rawls, Ellen Sebastian Chang, and Anna Martine Whitehead. Each winner receives an unrestricted $100,000 grant disbursed over two years. The artists work across diverse media—from Agematsu's miniature street-detritus sculptures and Rawls's multidisciplinary choreography to Mukherjee's painting and film installations, Sebastian Chang's decades-spanning theater and film work, and Whitehead's performance art. The awards are open to artists across North America and are now in their third year.
Christie’s will auction an 1804 oil portrait of George Washington by Gilbert Stuart, estimated at $500,000 to $1 million, during its “We the People: America at 250” sale in early 2025. The painting was commissioned by President James Madison and served as a model for the engraving on the one-dollar bill. It was recently deaccessioned by Clarkson University, a technical school in upstate New York, which decided to sell the work to coincide with the 250th anniversary of the United States, with proceeds supporting the university’s educational mission.
First Presbyterian Church in Topeka, Kansas, is selling one of its ten Tiffany stained-glass windows at Sotheby's Design sale on December 10. The Jonathan Thomas Memorial Window, a rare medallion window designed by Louis Comfort Tiffany himself in 1910, carries an estimate of $1.5 million to $2 million. The church cites the high cost of maintaining its historic building and the Tiffany windows—sending just one window for repair cost over $50,000—as the reason for the sale. The auction also features a magnolia floor lamp designed by Agnes Northrup, estimated at $2 million to $3 million.
The Metropolitan Museum of Art has returned a late-18th century Buddhist painting, *The Tenth King of Hell* (1798), to the Sinheungsa Temple in Sokcho, Gangwon Province, South Korea. The work is believed to have been taken by U.S. troops during the Korean War. The repatriation was celebrated at a ceremony in Seoul attended by Met Director and CEO Max Hollein, Korean government officials, and religious leaders. The painting is part of a larger series of ten scrolls depicting the Ten Kings of the Underworld; three remain abroad, while six others previously at LACMA have already been returned.
The autumn edition of Asia Week New York is underway, with auction houses reporting strong interest in Asian art despite broader economic challenges. Bonhams kicked off the week with sales totaling $7.3 million, including Chinese ceramics and snuff bottles, though it offered 47% fewer lots than last year. Top results included a blue-and-white jar selling for $1.75 million and a pair of famille rose dishes for $1.5 million. Christie’s sold a Vasudeo S. Gaitonde painting for $2.35 million and a Tyeb Mehta work for nearly $2 million. New US tariffs under the Trump administration have added uncertainty, particularly for cross-border consignments and purchases.
The UCCA Center for Contemporary Art in Beijing allegedly withheld staff wages for six months from January to June, according to the South China Morning Post. The institution, founded by the late Belgian collectors Guy and Myriam Ullens in 2007, has faced financial challenges including lower ticket sales, higher international freight costs, stricter rental demands from its landlord in Beijing's 798 Art District, and difficulty collecting payments from international partners. Its Shanghai branch, UCCA Edge, has seen no activity since June after an exhibition co-presented with the Saudi Ministry of Culture. Director Philip Tinari acknowledged a difficult year for museums in China, citing a slower consumer economy, and said the UCCA is working on long-term funding solutions.
The Vatican Museums have completed the decade-long restoration of the Hall of Constantine, one of the Raphael Rooms, revealing that Renaissance master Raphael himself painted two figures—Justice and Friendship—in the hall, contrary to the long-held belief that the entire room was executed solely by his assistants after his death. Conservators identified Raphael's hand by his distinctive oil-on-resin technique, which differed from the traditional fresco methods used by his assistants Giulio Romano, Gianfrancesco Penni, and Raffaellino del Colle. The discovery was made during a meticulous restoration that began in March 2015 and finished in December 2024.
A donation of 500 guitars to the Metropolitan Museum of Art in May 2025, announced via a profile in The New Yorker, has become embroiled in controversy. Mick Taylor, former guitarist for the Rolling Stones, claims through his manager that one of the donated guitars—a Les Paul stolen from the band's French villa in 1971—is his property. The Met initially declined to comment, but later told The New York Times that Taylor played the guitar but never owned it, asserting a well-documented ownership history. The guitars were donated by collector Dirk Ziff, and the museum plans to open a permanent American guitar gallery in 2027.
Los Angeles-based artist and researcher Sandy Rodriguez has opened her most ambitious exhibition to date, "Currents of Resistance," at the Ringling Museum of Art in Sarasota, Florida, running through August 10. The centerpiece is "Resistance Map of the Gulf of Mexico" (2025), a 94.5-inch amate paper map from her ongoing "Codex Rodriguez-Mondragón" series. Rodriguez creates her own pigments from foraged minerals and botanical specimens, and uses handmade amate bark paper from San Pablito, Mexico, a sacred Mesoamerican material once outlawed during the colonial era. The map layers 500 years of cartographic tradition with historic and contemporary acts of resistance, including the Mixtón War, the Calusa resistance, and modern police violence in New Orleans. For this exhibition, she also introduced ocean water from the Gulf of Mexico to thin her pigments, referencing climate change as ongoing colonial aggression.
A group of officials overseeing major UK cultural institutions, including the British Museum, the Victoria and Albert Museum, and the National Gallery, have signed a public letter defending corporate sponsorship. Published in the Financial Times, the letter calls for an end to "relentless negativity" around private sector partnerships and is backed by ten organizations, including the Science Museum Group. It follows protests over Baillie Gifford's sponsorship of literary festivals due to its ties to fossil fuels and Israel, which led nine festivals to end partnerships in 2023.
On May 8, 2025, white smoke rose from the Sistine Chapel signaling the election of Robert Prevost as Pope Leo XIV, the first American pontiff. Born in Chicago in 1955, Prevost has strong ties to Peru and was appointed Prefect for the Dicastery for Bishops by Pope Francis in 2023. The article explores the secretive process of the papal conclave, noting that 133 cardinals voted under Michelangelo's famed ceilings, and draws parallels to the 2024 film *Conclave* which some cardinals reportedly used for insight.
The Sistine Chapel, a cornerstone of the Vatican Museums, will reopen after being closed to the public since April 28 for the papal conclave that elected Robert Francis Prevost as the first American pope. The closure, which lasted just over a week, allowed 133 cardinals to gather beneath Michelangelo's frescoes, including *The Last Judgment*, to select the new pontiff. The Vatican Museums, which attracted 6.8 million visitors in 2024, have not yet announced an official reopening date but have been posting related artworks on Instagram.
Major art collectors Warren Stephens, Ken Griffin, Paul Singer, and Charles and Helen Schwab were among the top individual donors to President Donald Trump’s 2025 inauguration fundraising committee, according to data from the Federal Election Commission and Open Secrets. Stephens, a major donor to the Arkansas Museum of Fine Art, gave $4 million, the largest individual contribution, while Griffin, Singer, and the Schwabs each donated $1 million or more. The article also details additional political donations from these collectors, including Griffin's $100 million in conservative election spending, and notes that many large corporations like Amazon and BlackRock also contributed.
The article examines the rise of Taiwanese contemporary art on the international stage, focusing on its growing prominence in digital and technological art. It traces the evolution of digital art in Taiwan through three phases: video art in the 1990s with pioneers like Wang Jun-Jieh and Yuan Goang-Ming, digital media experimentation in the 2000s driven by the tech sector, and a recent phase of internationalization and interdisciplinary integration fueled by the semiconductor industry and government support. Key factors include Taiwan's hardware industry, cultural liberalization after the lifting of martial law in 1987, and sustained policy support from institutions like the National Culture and Arts Foundation (NCAF), the Taiwan Contemporary Culture Lab (C-LAB), and the Taiwan Creative Content Agency (TAICCA).
Dr James Hamilton, a leading Turner expert, has claimed that the most famous portrait of JMW Turner—long believed to be a self-portrait and featured on the UK £20 banknote—is actually by the painter John Opie. Hamilton argues that the work, dated around 1799, was mistakenly included in the Turner Bequest after the artist's death in 1851, when his studio was in disarray and the attribution was never properly verified. He points to stylistic evidence, including Opie's characteristic use of dramatic light and shadow, and calls on Tate Britain to reattribute the painting.
The Wellcome Collection in London is preparing to open a major exhibition titled 'The Coming of Age,' which explores the complex realities and cultural anxieties surrounding aging and longevity. The show features diverse objects, from Japan's official silver sake cups for centenarians to Sam Taylor-Johnson's time-lapse film of rotting fruit and artworks examining biological immortality.
Clémentine Bruno’s artistic practice explores the tension between presence and absence, treating the canvas as a site of temporal layers rather than a flat surface for representation. Her work emphasizes the preparatory stages of painting—the laying of gesso and the construction of supports—allowing images to emerge reluctantly through processes of sanding, veiling, and partial erasure. Recent exhibitions, such as "Educational Complex" at Tonus and "Vision of Fading" at Mendes Wood DM, highlight her interest in how institutional structures and memory maps dictate what is retained and what is forgotten.
Salman Rushdie and Laurie Anderson, two legendary New York-based artists, engage in an intimate conversation published by Cultured magazine. Rushdie discusses his recent appearance at the Sundance Film Festival for the documentary "Knife," which adapts his memoir about surviving a 2022 stabbing attack, and his travels to literary festivals in New Orleans and Tucson. Anderson shares anecdotes about her own touring show "Republic of Love" with the band Sexmob, and the pair trade lighthearted observations about movie theaters, desert landscapes, and aliens.
Gustav Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.4 million at Sotheby's on November 18, becoming the second-most expensive painting ever sold at auction and the most expensive work ever sold by the house. The sale was part of New York's marquee November auctions, which generated over $2 billion in a single week—more than 50 percent above last year's total—driven by high-profile estates including that of cosmetics heir Leonard A. Lauder. Other notable sales included Mark Rothko's *No. 31 (Yellow Stripe)* for $62.2 million at Christie's, Marc Chagall's *Le songe du Roi David* for $26.5 million, and Frida Kahlo's *El sueño (La cama)* for $55 million, setting a new record for the artist and the highest sum for a work by a female artist at auction. Phillips also sold a juvenile Triceratops skeleton named CERA for $5.4 million.
Writer and critic Domenick Ammirati chronicles a whirlwind week in New York during Frieze Week, visiting art fairs, exhibitions, and social events. Highlights include Jeff Koons' Hulk sculptures at Gagosian's Frieze booth, discovering painter Karol Palczak at Emalin gallery, and attending the group painting show "R U Still Painting???" curated by the collective FALCON in a raw Midtown office space. Ammirati notes a subdued, less intoxicated atmosphere compared to previous years, reflecting a broader unease in the art world.
The Los Angeles County Museum of Art (LACMA) has opened its new David Geffen Galleries building, a major architectural project designed to be a glamorous cultural beacon. The building itself is a striking landmark, but the exhibition spaces within present significant challenges for the display of art, creating a complex, maze-like environment for visitors.
Nearly eighty Mexican cultural figures have signed an open letter condemning the installation of Pedro Reyes's sculpture 'Tlali' (2026) in the plaza of LACMA's new David Geffen Galleries. The work, described as a selfie-friendly monolithic face inspired by Olmec art, closely resembles a 2021 proposal for a Mexico City sculpture titled 'Tlalli' that was abandoned after protests from hundreds of cultural workers. Critics argue that Reyes, a male artist who does not identify as Indigenous, should not represent Indigenous womanhood, and that the new work perpetuates colonial stereotypes and nationalistic aesthetics. LACMA has defended the piece, claiming it is entirely different in purpose and meaning, while Reyes has not commented.
Fair Warning, the members-only online sales platform founded by former Christie's rainmaker Loïc Gouzer, is staging a rare live auction on May 20 at Tiffany & Co.'s flagship store in New York. The centerpiece is Banksy's *Girl and Balloon on Found Landscape* (2012), a work from the artist's 'Crude Oils' series that has never been publicly exhibited. Consigned by a private collector, the painting carries an ambitious estimate of $13 million–$18 million, one of the highest ever for a Banksy. Gouzer argues that Banksy is among the most consequential artists of our time, comparing his trajectory to Jean-Michel Basquiat, and sees this sale as a landmark moment for the artist's market.
The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.
Christie’s has secured a prestigious collection of 35 to 40 artworks from the estate of the late media mogul S.I. Newhouse, valued at approximately $450 million. Scheduled for the May auction season, the selection is headlined by Jackson Pollock’s drip painting 'Number 7' (1948) and Constantin Brancusi’s bronze sculpture 'Danaïde' (1913), both estimated at around $100 million. The consignment marks the fourth time Christie’s has handled material from the Newhouse estate, which has previously set records for artists like Jeff Koons.
Christie’s New York is set to headline its May marquee sales with a prestigious consignment from the collection of the late media magnate S.I. Newhouse. The offering features approximately 40 masterworks valued at an estimated $450 million, including Jackson Pollock’s drip painting "Number 7" (1948) and Constantin Brancusi’s bronze sculpture "Danaïde" (1913). Both works carry estimates of approximately $100 million, figures that would shatter the existing auction records for both artists if realized.
In 2025, art fairs and auction houses have deepened their integration with luxury brands, with Sotheby's and Christie's reporting that luxury items like handbags, jewels, and watches now account for a significant share of revenue—roughly a third at Sotheby's, with private luxury sales surging 350% year-on-year. Art fairs such as Frieze London and Art Basel's global editions have moved beyond traditional sponsorship, embedding luxury partners like Tiffany & Co., Ray-Ban, Stone Island, and De Beers into curated sections, mentorship programs, and immersive installations. Industry figures like Marc Spiegler and Emily Glazebrook emphasize that the most successful collaborations prioritize artists over brands, with initiatives like UBS's Unlimited sector and the Chanel Culture Fund serving as models.
Christie’s fall marquee 20th-century evening sales on Monday night generated a combined $690 million across two auctions, far exceeding the pre-sale low estimate of $534.7 million. The first sale featured 18 lots from the collection of the late Robert and Patricia Ross Weis, including works by Picasso, Matisse, Mondrian, and Rothko, while the second 62-lot sale included pieces by Calder, Hockney, Chagall, and Giacometti. Bidding wars drove 16 lots to sell at or above their high estimates, with adviser Ralph DeLuca winning several high-profile battles, including a Matisse painting for $32.3 million and a Max Ernst sculpture for $20.2 million. The sell-through rate was 97% by value and 96% by lot, with only one withdrawn lot and three unsold works.