MEGA Art Fair held its third edition in Milan, transforming a former perfume factory into a social and exhibition hub during Milan Art Week and Design Week. The fair, which ran from midday to midnight over an extended period, positioned itself as an alternative to traditional art fairs by prioritizing relaxed social connection, community engagement, and public programming over a purely commercial atmosphere.
Recent financial filings from UK-based art businesses reveal a stark downturn in the art market, highlighted by the sudden liquidation of Stephen Friedman Gallery. The gallery's collapse followed expensive expansion projects in London and New York, compounded by a £1.7m loss in 2023 and a significant debt of £11.4m to creditors. Other major players, including Thaddaeus Ropac, reported substantial revenue drops, with Ropac’s turnover falling from £49.6m to £36.4m as the industry grapples with rising overheads and economic volatility.
The Philadelphia Art Museum has opened a new exhibition surveying the career of the late American artist Noah Davis, featuring over 60 works from 2007 to his death in 2015. The show, curated by Eleanor Nairne and Wells Fray-Smith, is the final stop of an international tour organized with DAS MINSK in Potsdam, the Barbican in London, and the Hammer Museum in Los Angeles. It includes paintings, sculptures, and works on paper that chronologically map Davis's multimedia practice, with a final room dedicated to his last three paintings.
Larissa De Jesús Negrón and other Puerto Rican artists are driving a cultural renaissance in San Juan, with grassroots galleries, collectives, and adaptive institutions redefining how art is produced and shared. This surge follows Hurricane Maria and the pandemic, bolstered by global attention from figures like Bad Bunny and exhibitions such as the 2023 Whitney show "no existe un mundo poshuracán." Art dealer Walter Otero notes that the scene has strengthened through local residencies, fellowships, and Puerto Rican curators in U.S. institutions, while spaces like EMBAJADA, founded by Christopher Rivera and Manuela Paz, reject the white-cube model to engage broader local audiences.
The Philadelphia Art Museum is presenting an exhibition of works by the late artist Noah Davis, running from January 24 to April 26, 2026, in the Morgan, Korman, and Field Galleries. The show features paintings such as "Untitled" (2015), "40 Acres and a Unicorn" (2007), "Isis" (2009), "Mary Jane" (2008), and "1975 (8)" (2013), drawn from private collections and the Mellon Foundation Art Collection, with works courtesy of David Zwirner.
U-Haul Gallery, founded by James Sundquist, is a nomadic art initiative that uses rented U-Haul trucks as mobile exhibition spaces. During New York art week, the gallery parked outside major fairs and openings, drawing crowds into its cargo bay for shows like Ben Nuñez's video work "Today, Last Year." The gallery operates on a budget of $29.99 per day for truck rental, bypassing the high costs of traditional brick-and-mortar spaces. Sundquist, along with head of global strategy Jack Chase, curates collaborative, adaptable exhibitions that respond to their surroundings.
David Zwirner is opening a new gallery building in Chelsea at 533 West 19th Street, inaugurated by an exhibition of new work by Kenyan-British artist Michael Armitage. Titled "Crucible," the show runs from May 8 to June 27, 2025, and features new paintings and bronze reliefs that explore the theme of migration, using Lubugo bark cloth as a support. This is Armitage's first solo show with the gallery since his representation was announced in 2022 and his first solo presentation in New York since 2019.
Time Out has published a list of the 10 best art galleries in the U.S., highlighting commercial spaces that offer free, museum-quality experiences. The article features blue-chip giants like David Zwirner, Gagosian, and Pace Gallery in New York, as well as regional gems like Conduit Gallery in Dallas, emphasizing that visitors can enjoy world-class contemporary art without a collector's budget.
Art Basel Hong Kong opened with robust sales and high energy, signaling a strong recovery for the Asia-Pacific art market. Blue-chip galleries reported several seven-figure transactions early on, including a $4 million Picasso at Bastian and a $3.8 million Liu Ye painting at David Zwirner. The fair's debut of the digital-focused 'Zero 10' initiative and a significant presence of regional collectors underscored a diverse appetite for both postwar masters and contemporary digital works.
Art Basel Hong Kong 2026 opened with a renewed sense of optimism, featuring 240 galleries and a significant emphasis on the Asia-Pacific region. The VIP preview saw a surge in attendance primarily from regional collectors across mainland China, Taiwan, Korea, and Southeast Asia, signaling a robust recovery for the local market. While international travel remains a factor, the fair's success is increasingly driven by a localized ecosystem of younger collectors and long-term public investments in cultural infrastructure like the M+ museum.
Eight signature pumpkin works by Yayoi Kusama are set to headline the spring auction season in Hong Kong, coinciding with Art Basel week. Major auction houses including Sotheby’s, Christie’s, and Bonhams are offering a diverse range of these iconic motifs, featuring everything from a massive two-meter-tall fiberglass sculpture to rare red and yellow canvases. Notable highlights include a unique 2015 sculpture at Sotheby’s with a high estimate of HK$60 million and a rare red pumpkin painting at Bonhams.
Mariposa gallery has officially opened its permanent location in Hollywood’s historic Beachwood Canyon, housed in the 1923 storybook building originally built by the Hollywoodland Realty Co. Founded by Alec Smyth, a former David Zwirner staffer, and interior designer Noah Ruttenberg, the gallery moves away from the traditional 'white cube' aesthetic in favor of a cozy, domestic environment. The inaugural exhibition features a series of swan-shaped ceramic sculptures by the Los Angeles-born artist Peter Schlesinger.
A new report from UBS and Art Basel, authored by Dr. Clare McAndrew, reveals that the global art market reached an estimated $67.8 billion in 2023, marking a 4% increase from the previous year. The growth was primarily driven by the high-end segment, with sales over $10 million rising by 11%, while the lower and middle markets experienced a decline.
The exhibition "Beyond the Plate: Sea and Sky" opened at the Museum of Contemporary Art, featuring works by artists Yayoi Kusama, Takashi Murakami, and Yoshitomo Nara. The show explores themes of nature, infinity, and the cosmos through a variety of media, including painting, sculpture, and immersive installations.
Marian Goodman, the renowned contemporary art dealer, died on 22 January at the age of 97. Her eponymous gallery confirmed she passed peacefully of natural causes. Over a 60-year career, Goodman built a reputation for representing challenging, conceptually ambitious artists, including Gerhard Richter, Nan Goldin, Anselm Kiefer, Julie Mehretu, William Kentridge, and Nairy Baghramian. She opened her first gallery in New York in 1977 and later expanded to Paris and London, before closing the London space in 2020. In her final decade, the gallery saw high-profile departures but also added new artists and opened a Los Angeles location in 2023 and a new Tribeca space in 2024. A succession plan was announced in 2021, and the gallery is now led by partners Emily-Jane Kirwan, Rose Lord, Leslie Nolen, and Junette Teng.
The article highlights 11 major museum openings and expansions scheduled for 2026, including the Guggenheim Abu Dhabi (designed by Frank Gehry, focusing on modern and contemporary art from West Asia, North Africa, and South Asia), the New Museum in New York (reopening March 21 after a major expansion by OMA), the V&A East Museum in London (featuring a debut exhibition on Black British music history), and the Lucas Museum of Narrative Art in Los Angeles. Other notable projects include the Memphis Art Museum and the Drift Museum in Amsterdam, reflecting a global surge in cultural infrastructure.
Art Basel Paris held its fourth edition with a new VIP preview slot called Avant Première, where galleries nominated six key collectors to enter the fair on Tuesday afternoon before the main opening. Major sales were reported, including a $23 million Gerhard Richter painting at Hauser & Wirth, a Modigliani for nearly $10 million at Pace, and a $7.5 million Ruth Asawa sculpture at David Zwirner. CEO Noah Horowitz discussed the rationale for the exclusive preview, the renaming of the VIP relations team to 'collector and institutional relations,' and the viability of the upcoming Art Basel Qatar fair amid growing competition in the Gulf region.
Frieze London 2025 returns for its 23rd edition from October 15-19 in Regent's Park, featuring over 280 international galleries. Major auction houses are staging blockbuster sales during the week, including Sotheby's evening and day sales in partnership with Celine, Christie's 20th/21st Century Evening Sale and a trilogy of drawings from the Klaus Hegeswich collection, and Phillips' Modern & Contemporary sales. Highlights include a Jean-Michel Basquiat rarity, Banksy's spray-painted flag, a Francis Bacon portrait, a Picasso etching, and a Lucian Freud self-portrait estimated at up to $16 million.
The Art of Wishes charity auction, founded in 2017 by Batia Ofer, is holding its fifth gala in October 2025 at the Chancery Rosewood in London. Artists Zadie Xa and Dominic Chambers have contributed works: Xa's 'Worlding (2025)' (estimate £30,000-£50,000) and Chambers' 'In Safe Keeping (2025)' (estimate £50,000-£70,000). Other consignments include pieces by Ron Arad and Deborah Azzopardi. The 22 works will be viewable at Phillips auction house in London from 9-12 October and online. The auction has raised over £13 million for Make-A-Wish UK since 2017, granting over 5,000 wishes to critically ill children.
Artnet News's Wet Paint column reports that former David Zwirner director Felix Rödder is opening his own gallery, Rodder (no umlaut), on September 18 at 22 East 80th Street on the Upper East Side, in the same building as Sprüth Magers. The jewel-box space, formerly Barbara Mathes Gallery, will debut with a solo show of sculptural paintings by Wyatt Kahn. Rödder, a lawyer-turned-dealer, plans to mix contemporary programming with historical exhibitions, keeping overhead low and avoiding art fairs for now. The column also teases a mention of Aby Rosen's involvement in the New York mayoral race.
The global art market saw total sales of $57.5 billion in 2024, a 12% decline year-on-year, marking the second consecutive annual drop. Transaction volumes rose 3% to about 40.5 million, driven by works under $50,000 which made up 85% of dealer sales. Sotheby's and Christie's together accounted for roughly half of global fine-art auction turnover, though both saw significant auction revenue declines. The United States led with 43% of global sales, while China's market share fell to 15%, its lowest since 2009. Online art sales grew to 18% of total value, and new buyer momentum was strong, with 44% of dealer buyers being new and 91% of high-net-worth collectors optimistic.
Art Basel has announced the launch of Art Basel Qatar, a new international art fair set to debut in Doha. The fair will be held under the patronage of Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani, chairperson of Qatar Museums, and is expected to bring together leading galleries from around the world. The announcement marks a significant expansion of the Art Basel brand into the Middle East, following its existing fairs in Basel, Miami Beach, Hong Kong, and Paris.
Phillips’s evening sale of modern and contemporary art in New York on May 13 achieved a total hammer price of $44.2 million ($52 million with fees), falling just below the low pre-sale estimate of $45.3 million. Four works were withdrawn before the sale, and five lots failed to sell. Despite the subdued overall results, the auction set new auction records for four women artists: Kiki Kogelnik, Ilana Savdie, James Turrell (Light and Space artist), and Grace Hartigan. Other strong performers included works by Yu Nishimura, Olga de Amaral, Barbara Hepworth, and Danielle McKinney. The top lot was Jean-Michel Basquiat’s *Untitled* (1984), formerly owned by David Bowie.
Lynne Tillman celebrated the publication of her new collection, *Paying Attention: Essays on Art and Culture*, from David Zwirner Books, at an event hosted by Coco’s at Colette. The article features a conversation between Tillman and the author, in which she discusses her origin story as a critic, her background in fiction writing, and her unconventional entry into art criticism through an invitation from Craig Owens at *Art in America*. She recounts writing a Madame Realism story about a Renoir exhibition after eavesdropping on museum tours, a piece that angered some art historians.
CULTURED magazine and fashion brand MZ Wallace celebrated the 10-year anniversary of their Young Artists List with an event at (SUB)MERCER in SoHo, where they announced Iraqi-born, Los Angeles-based artist Ali Eyal as the winner of the 2025 Young Artist Prize. Eyal received an unrestricted $30,000 grant, selected by a jury of curators from the Met, the Hammer, and MoMA, for his multidisciplinary practice reflecting on violence endured during his upbringing in Baghdad.
Come sarà la decima edizione fiera Art Monte-Carlo nel Principato di Monaco
Art Monte-Carlo, the boutique art fair in the Principality of Monaco, celebrates its tenth edition from April 29 to May 1, 2026 (preview April 28), under the High Patronage of H.S.H. Prince Albert II. The fair will host 26 international galleries of modern and contemporary art at the Grimaldi Forum, moving to new spring dates and coinciding with the Monaco Art Week (April 27–May 1). Newcomers include Italian gallery Secci, Mitterrand from Paris, A&R Fleury, Cecilia Hillström Gallery, Fabienne Levy, Giovanni Martino Projects, Lee & Bae, Ritsch-Fisch Galerie, and Monegasque galleries Hartford Fine Art – Lampronti Gallery and M.F. Toninelli Art Moderne. Returning exhibitors include Almine Rech, Cortesi, Galleria Continua, Suzanne Tarasieve, Semiose, Van de Weghe, Voena, and Wilde. A curated section features a collective exhibition titled "Earthly Delights," curated by Stefano Rabolli Pansera and inspired by Luis Buñuel, centered on a functioning bar as a conceptual and physical space. The fair also includes a public program and talks with figures such as photographer Juergen Teller, auctioneer Simon de Pury, and collector Batia Ofer, and has moved under the influence of Informa Prestige, the luxury division of events company Informa.
The Los Angeles Times reports on the upcoming David Geffen Galleries, a new building that will become the centerpiece of the Los Angeles County Museum of Art (LACMA) as it undergoes a major transformation. Designed by architect Peter Zumthor, the structure is part of a long-delayed, multi-billion-dollar renovation project that aims to modernize the museum's campus and consolidate its collection under one roof. The article details the timeline, design features, and the controversies surrounding the project's cost and scope.
Art Basel has announced a new initiative called Basel Exclusive for its flagship Swiss fair in June 2025, asking participating galleries to withhold their most important or expensive works from all pre-fair previews, online viewing rooms, and publicity. Instead, these "marquee works" will be unveiled for the first time during the First Choice VIP preview on 16 June. The initiative aims to restore a sense of surprise and urgency, countering the trend of galleries pre-selling works to clients before the fair opens. Around 170 galleries have already signed up, including major names like Gagosian, David Zwirner, Hauser & Wirth, Pace Gallery, and Sadie Coles HQ.
The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.
Emmanuel Perrotin announced that his gallery is relocating from K11 Atelier Victoria Dockside back to Central, Hong Kong’s business district, where it first opened in Asia in 2012. The gallery vacated Dockside on October 1 after six years, citing the need to better serve its community, enhance accessibility, and reduce operational costs. The move follows Pace Gallery’s announcement that it will close its H Queen’s location by the end of October, and comes amid a broader shake-up in Hong Kong’s gallery scene, with other blue-chip dealers like Lévy Gorvy Dayan also shuttering spaces.