top 200 collectors 2025 issue editor letter 1234753943

The editor's letter for the 2025 ARTnews Top 200 Collectors issue recounts a cinematic moment at Art Week Riyadh in Saudi Arabia, where a government-affiliated collector described their role as "everyone and no one," reflecting the behind-the-scenes, museum-focused art acquisitions under Vision 2030. The issue features a report by Melissa Gronlund on the Gulf art scene, noting that Saudi Arabia is prioritizing museums and noncommercial programming before an independent market can emerge, while private collectors and foundations are also gaining ground. The article also highlights the cooling art market in Europe and the US, with collector Christen Sveaas criticizing blue-chip galleries for over-commercial pricing strategies.

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London-based nonprofit Yan Du Project (YDP) has appointed Billy Tang as its artistic director, effective this month, ahead of the opening of its new home in a Grade I-listed townhouse on Bedford Square this October. Tang, who was born in London to Vietnamese refugee parents, returns to the city after serving as executive director and curator at Para Site in Hong Kong, and previously held curatorial roles at Magician Space in Beijing and Rockbund Art Museum in Shanghai. YDP is the second nonprofit founded by ARTnews Top 200 Collector Yan Du, following the Asymmetry Foundation launched in 2019.

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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.

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Louise Bonnet, a Los Angeles-based painter known for her cartoonish yet sophisticated depictions of the female nude, discusses her latest work ahead of two major exhibitions. Her two-person show with Elizabeth King, titled "De Anima," opens at the Swiss Institute in New York, focusing on shared approaches to figuration that balance objecthood and liveliness. Bonnet also created a new series for the next edition of the SITE Santa Fe International biennial, opening in June. In an interview with ARTnews editor Emily Watlington, Bonnet explains her shift to tighter cropped compositions emphasizing routine gestures like tying shoelaces or fastening bras, inspired by World War II British spies and films like Rosemary's Baby.

Greece Creates New Art Crime Unit to Combat Forgery and Trafficking

Greece has enacted a comprehensive new law to combat art crime, establishing a specialized unit within the Ministry of Culture to target forgery, antiquities trafficking, and vandalism. The legislation introduces significantly harsher penalties, including fines up to €300,000 and prison sentences of up to 10 years, while expanding the scope of criminal activity to include the mere possession of forged works with intent to distribute.

the met agrees to repatriate artifacts to cambodia as douglas latchford fallout continues 2409554

The Metropolitan Museum of Art has agreed to repatriate 14 artifacts to Cambodia and two to Thailand following an investigation into the late antiquities dealer Douglas Latchford. Latchford, who was indicted in 2019 for trafficking looted Khmer Empire relics, died in 2020 before trial, but federal authorities have continued to track works sold through his network. The returned items include significant sandstone statues and bronze deities dating back as far as the 7th century.

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Frederic Remington's 1905 painting *Coming to the Call* sold for $13.3 million at Christie's in New York, setting a new auction record for the artist. The work was part of the two-part sale "Visions of the West: The William I. Koch Collection," which became the most successful Western art auction ever, realizing $84.1 million.

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Zahi Hawass, the 78-year-old former Egyptian minister for antiquities, is the subject of a new self-mythologizing documentary titled "The Man With the Hat." The film recounts his rise to international fame through countless TV appearances, his role in overseeing major discoveries like the 3,000-year-old "lost golden city" in Luxor, and his leadership in building the $1 billion Grand Egyptian Museum (GEM). Hawass is also shown advocating for the repatriation of artifacts such as the Nefertiti bust and the Rosetta Stone, while sidestepping controversies that have marked his career.

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The National Endowment for the Arts (NEA) has updated its 2026 fiscal year grant guidelines, cancelling the Challenge America grants that targeted underserved communities and replacing them with a focus on projects celebrating the 250th anniversary of the United States (America250). The changes, announced in response to executive orders by President Donald Trump, eliminate DEI-related funding and require applicants to have a five-year history of arts programming. Organizations that had applied for the $10,000 Challenge America grants must now resubmit under the broader Grants for Arts Projects category, with extended deadlines.

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The Las Vegas Museum of Art (LVMA) has unveiled architectural designs by Pritzker Prize-winning architect Francis Kéré for its first standalone museum, a 60,000-square-foot building at Symphony Park in downtown Las Vegas. The design incorporates local stone, baobab trees, and a canopy for shade, drawing inspiration from the Mojave Desert and the city's culture, with a central staircase evoking a canyon. The museum, supported by a land donation from the city and a partnership with the Los Angeles County Museum of Art (LACMA), has raised over half of its $200 million goal and is slated to open in 2029.

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The article reports on the outlook for the art market in 2026, following a difficult 2025. It notes signs of recovery, including decent sales in Miami and $2.2 billion in marquee New York auctions, but warns of a K-shaped recovery where some sectors will bounce back while others continue to struggle. The piece also highlights a major shift toward the Gulf region, with Art Basel launching in Qatar, Art Dubai celebrating its 20th anniversary, Frieze debuting in Abu Dhabi, and the long-awaited opening of the Guggenheim Abu Dhabi, all signaling commercial maturity in the area.

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Argentinian artist Pilar Zeta has unveiled 'The Observer Effect', a monumental public sculpture installed on Miami Beach during Art Basel Miami Beach. The work, presented by the Shelborne by Proper, features a colonnade of columns and arches with a matte automotive paint finish that shifts appearance with light and weather. Zeta activated the piece with sunrise and sunset performances by musician Laraaji. The self-taught artist, who moved to Miami at 19 and previously created album art for Coldplay, has also announced a follow-up installation opening next month at Place du Louvre in Paris.

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Maya Man, an artist who earned her MFA from UC's Media Art program in 2023, is the subject of a conversation with critic Ben Davis. Her work *A Realistic Day in My Life Living in New York City* is the first commission for the Whitney Museum's 'On the Hour' program, appearing on the museum's website for 30 seconds each hour. Man also founded the experimental art space HEART in New York City, which operated briefly but left a significant impact on the online/offline art scene before closing earlier in 2025.

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Artnet News profiles five ultra-contemporary artists working in China today, highlighting their practices amid shifting cultural narratives, economic pressures, and technological change. Featured artists include Xia Yu, known for tempera paintings of everyday life, and Ye Linghan, who creates monumental "data portraits" from smartphone screenshots. The article details their backgrounds, notable exhibitions, market prices, and upcoming projects, emphasizing their growing appeal to collectors and curators.

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The article reports that two major Asian art fairs, Taipei Dangdai Art and Ideas and Art Busan, are currently running through May 11, but both have seen significant drops in exhibitor numbers. Taipei Dangdai is down 32% to 53 galleries, while Art Busan is off 16% to 109 galleries. Dealers cite rising costs, geopolitical uncertainties, and fair fatigue as reasons for a more selective, pragmatic approach to participation, focusing on regional fairs and transactional value over visibility.

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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.

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The Digital Art Mile returns to Basel, Switzerland, from June 16 through 22, 2025, timed to coincide with Art Basel. Organized by Artmeta and staged at the historic Rebgasse, the event features a fair, exhibition, and public program showcasing a wide spectrum of digital and computer-based practices—from 1960s early computer art to humanoid robots and autonomous AI agents. This year's edition includes roughly 11 exhibitors, with solo presentations by Nigerian digital artist Osinachi (at Kate Vass Galerie) and generative artist Tyler Hobbs (via LaCollection), as well as group shows and a conference program exploring themes like the digital art market, AI in generative practices, and institutional engagement with new media. A central exhibition, Paintboxed—part of the Tezos World Tour—examines the legacy of the Paintbox, an early digital painting system.

Marcel Duchamp at MoMA: Five Revelations From the Artist’s First North American Survey in Over 50 Years

The Museum of Modern Art in New York has launched a major retrospective of Marcel Duchamp, marking the artist's first comprehensive North American survey in over half a century. The exhibition traces Duchamp’s evolution from his early satirical drawings and avant-garde paintings to his revolutionary experiments with movement and mechanization, featuring iconic works like "Nude Descending a Staircase" and "L.H.O.O.Q." alongside technical diagrams and studies for "The Large Glass."

Inside LACMA’s Visionary New Galleries Floating Above Los Angeles

The Los Angeles County Museum of Art (LACMA) has unveiled the David Geffen Galleries, a $724 million concrete-and-glass structure designed by Pritzker Prize-winning architect Peter Zumthor. Spanning Wilshire Boulevard, the 110,000-square-foot horizontal gallery space floats 30 feet above ground and features a non-chronological layout intended to encourage wandering. The interior is characterized by pigment-infused concrete walls, floor-to-ceiling windows with specialized metal curtains by Reiko Sudō, and a lack of traditional white-cube galleries.

LACMA New David Geffen Galleries Open 4/19... Installation of Do Ho Suh's 'Gyeongbokgung Jagyeongjeon'

LA카운티미술관(LACMA) 뉴 데이빗게펜 갤러리 4/19 오픈...서도호 작 '경복중 자경전' 설치

The Los Angeles County Museum of Art (LACMA) has announced the official opening of the David Geffen Galleries on April 19, 2026. Designed by Pritzker Prize-winning architect Peter Zumthor, the 900-foot-long horizontal structure spans Wilshire Boulevard and features a single elevated exhibition level for the museum’s permanent collection. The inaugural installation, curated by a collaborative team of 45 specialists, rejects traditional chronological or geographical hierarchies in favor of a thematic approach centered around global oceanic frameworks.

Liu Wei’s "You Like Pork?" leads Poly Hong Kong modern and contemporary art sale at US$3.5m

Poly Auction Hong Kong concluded its modern and contemporary art sale on April 6, achieving a total of HK$76.4 million (US$9.8 million) with a 67% sell-through rate. The auction was headlined by Liu Wei’s 1995 masterpiece "You Like Pork?", which sold for HK$27.6 million (US$3.5 million) to a phone bidder. Other top performers included Zao Wou-Ki’s "15.07.67" from his Hurricane period and Wu Dayu’s "Rhymes of Beijing Opera," both of which surpassed the HK$10 million threshold.

How Expo Chicago’s One-of-a-Kind Curatorial Forum Came to Be

Expo Chicago has distinguished itself within the global art fair circuit through its unique Curatorial Forum, a partnership with Independent Curators International (ICI) that began in 2014. Originally conceived by Tony Karman and Renaud Proch, the program has evolved from a small gathering into a major national convening that provides curators with professional development, networking opportunities, and a platform for thought leadership. The initiative has been so successful that ICI established its only year-round satellite office in Chicago to support the local curatorial community.

Remembering Rauschenberg’s decades in Florida

Robert Rauschenberg (1925-2008), described by critic Robert Hughes as "the most important American artist of the last century," spent four decades in Florida, where materials and collaborators from the state fueled breakthroughs like his scrap-metal sculptures and the Rauschenberg Overseas Cultural Interchange (Roci). As Miami Art Week unfolds, two projects mark his centennial: "Robert Rauschenberg: Real Time" at NSU Art Museum Fort Lauderdale (through April 2026) and the forthcoming book "Out of the Real World: Robert Rauschenberg at USF Graphicstudio." However, the Robert Rauschenberg Foundation announced it will end its Captiva Island residency and sell the artist's home and studio, prompting reflection on how Florida shaped his legacy.

5 Artists on Our Radar in December 2025

Artsy's December 2025 edition of "Artists on Our Radar" highlights five emerging visual artists who have gained attention through new gallery representation, exhibitions, auctions, or art fairs. Featured artists include British painter Imogen Allen, known for gauzy, nature-inspired works with a Gerhard Richter-like blur effect; Brazilian painter Elian Almeida, who reimagines marginalized figures in Brazilian visual culture through vibrant, narrative paintings; and nomadic American artist ektor garcia, who works with unconventional materials like wire, clay, and leather. The article details their recent exhibitions, gallery affiliations, and career milestones.

20th and 21st Century auctions in New York total $965 million

Christie’s New York concluded its 20th and 21st Century Art sales week on November 21, 2025, generating a total of $964.5 million, the auction house’s highest in three years. The sales included the Collection of Robert F. and Patricia G. Ross Weis, which alone brought in $218 million, led by Mark Rothko’s *No. 31 (Yellow Stripe)* at $62.1 million. Other top lots included works by Claude Monet, Pablo Picasso, and David Hockney, each exceeding $40 million. Fifteen artist records were broken, including for Beauford Delaney, Leonor Fini, Firelei Báez, and Olga de Amaral. Bidding was active across all platforms, with the highest online bid ever placed at a live Christie’s auction.

The art world's most infamous toilet is heading to New York auction for US$10m – and the starting bid moves with gold

Maurizio Cattelan's solid-gold toilet sculpture, *America* (2016), will be auctioned at Sotheby's New York on 18 November 2025 as part of the Now & Contemporary Evening Auction. The work, weighing 223 pounds of 18-karat gold, has a raw material value of around US$10.2 million based on current gold prices. In a first for auction history, the starting bid will fluctuate with live gold prices until bidding begins. The sculpture was previously installed at the Guggenheim Museum, where over 100,000 visitors used it, and later made headlines when the Guggenheim offered it to the Trump White House as a loan alternative to a Van Gogh painting. One edition was stolen and never recovered, making this the only surviving example.

Frieze London 2025

Frieze London 2025 has opened with a wide-ranging program spanning contemporary art, photography, antiquities, and performance. Key highlights include the inaugural Echo Soho fair celebrating women-run galleries, the London edition of Dallas Invitational set to open at the former US embassy in 2026, and strong sales at Frieze Masters including a Triceratops skull. Christie's and Sotheby's auctions during the week showed a mixed market: Peter Doig's 'Ski Jacket' sold for £106.9m, but overall estimates and price corrections indicated caution. The fair also features Sophia Al-Maria performing stand-up as winner of the Frieze London Artist Award, a new pricing structure for greater gallery diversity, and a pop-up by The Art Newspaper and L'OFFICIEL.

Nara's vampire-girl portrait sells for US$10m at Sotheby's, leading US$43m Hong Kong Evening Sale

Sotheby's Modern and Contemporary Evening Auction in Hong Kong on 28 September achieved HK$335 million (US$43.1 million), with a 95% sell-through rate across 40 lots. The top lot was Yoshitomo Nara's 2012 painting *Can't Wait 'til the Night Comes*, which sold for HK$79.9 million (US$10.3 million) to a private Asian collector. A group of five works by Roy Lichtenstein from the artist's personal collection also debuted at auction, collectively bringing HK$46.4 million (US$5.9 million).

After 50 years, LA Louver is closing its gallery in Venice, California

LA Louver, the longest-running gallery in Los Angeles, is closing its Venice, California space after 50 years in business. Founder Peter Goulds, who turns 77 next month, is transitioning the gallery into a private dealing model with pop-up exhibitions from its Jefferson Boulevard warehouse in West Adams. The Venice space will be listed for sale but remain open by appointment to sell inventory. The gallery is also donating its extensive archive to the Huntington Library in San Marino, which includes papers of writers like Octavia Butler and Christopher Isherwood.

Documenta Taps an All-Women Artistic Team—and More Art Industry News

Documenta has selected an all-women artistic team for its upcoming edition, marking a historic shift for the prestigious quinquennial exhibition. In other art industry news, Sotheby's will open its new global headquarters in the Breuer Building on November 8, Christie's London will auction the collection of Danish businessman Ole Faarup in October, and Bob Ross's market has surged with record auction prices. Several galleries announced new artist representations and relocations, including François Ghebaly adding Brooklin A. Soumahoro and Latitude Gallery moving to Tribeca. The Whitney Museum made three curatorial appointments, the Harvard Art Museums acquired a Heinz Mack sculpture, and Claudia Gould was named executive director of the Shaker Museum. The Helen Frankenthaler Foundation added new board members, and Maëlle Ebelle was appointed inaugural director of the Liu Shiming Art Foundation.