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The Art Market Year in Review

The art market experienced a turbulent 2025, beginning with a 12% decline in sales from 2024, following a 3% drop in 2023, as reported by the Art Basel and UBS Global Art Market Report. Major auction houses Christie’s, Sotheby’s, and Phillips saw average sales fall 6% in the first half of the year. However, the market rebounded by autumn, with strong sales at London and Paris art fairs and a 15% year-on-year increase in auction sales at the three main houses by December, according to Pi-eX. Key events included Sotheby’s failed sale of Alberto Giacometti’s *Grand tête mince* in May, followed by a record-breaking $236 million sale of Gustav Klimt’s *Portrait of Elisabeth Lederer* in November, and a $31.4 million record for François-Xavier Lalanne’s *Hippopotame Bar*.

10 Galleries That Had a Breakout Year in 2025

The article highlights 10 galleries that achieved significant growth and recognition in 2025, despite a challenging market environment marked by tariffs and trade uncertainty. Featured galleries include Tokyo's CON__, which gained global visibility through standout presentations at Frieze Seoul and NADA New York; Munich and New York-based LOHAUS SOMINSKY, which debuted at Art Basel Miami Beach and opened a Tribeca outpost; and Chicago's Hans Goodrich, which quickly established itself with a cross-generational exhibition program and international fair appearances.

Must-see art exhibitions in Hong Kong right now! (2025)

Hong Kong is hosting a vibrant array of must-see art exhibitions in December 2025, as highlighted in a curated guide. Key shows include 'Zao Wou-Ki: Master Printmaker' at M+, focusing on the artist's lithograph prints; 'Violet Veil' by Laura Zhang at The Extension, featuring meditative violet-hued works; 'Guan Yu vs. Wilson Shieh' at JPS Gallery, blending traditional gongbi painting with AI technology; and 'The Villepin House' at Villepin, celebrating the gallery's fifth anniversary with works by Zao Wou-Ki and Myo.

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.

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.

Miami Art Week 2025: Your Essential Guide to the Fairs, Exhibits, and Chaos

Miami Art Week 2025 takes place December 2-7, transforming Miami Beach and Wynwood into a sprawling art hub anchored by Art Basel Miami Beach, which features 281 galleries from 43 countries. The week includes over a dozen major fairs such as SCOPE, NADA, UNTITLED, and Pinta, alongside off-program events like street art battles at the Museum of Graffiti, a collaborative mural by RETNA and El Mac at Wynwood Walls, and David LaChapelle's world premieres at VISU Contemporary. The event follows record-breaking New York auctions totaling over $1.5 billion, including a $236 million Gustav Klimt and a $55 million Frida Kahlo.

Why Hong Kong is one of the greatest places in the world to buy art

Hong Kong has overtaken London to become the world's second-largest contemporary art auction market, according to ArtTactic. The city's commercial art scene is bolstered by outposts of top international galleries like Hauser & Wirth, Gagosian, Pace, and David Zwirner, as well as a successful annual Art Basel fair. Major auction houses including Sotheby's, Phillips, and Bonhams operate significant spaces there, with Sotheby's selling a Claude Monet for $65.5 million in Hong Kong in 2024. The city's art calendar peaks during March's Art Month, which hosts both Art Basel Hong Kong and Art Central.

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.

Art Collaboration Kyoto holds its most global edition yet

Art Collaboration Kyoto (ACK) opened its fifth edition at the Kyoto International Conference Center, running until 16 November. The fair, launched in 2021 to connect Japanese and international galleries, has grown to a record 72 exhibitors, half from overseas. Special exhibitions are staged at historic temples across Kyoto, including shows by Isabella Ducrot at Kousei-in, Carrie Yamaoka at Manshu-in, and Shio Kusaka with Jonas Wood at Ryosoku-in. Sales were strong on opening day, with galleries like KAYOKOYUKI, Kurimanzutto, Mendes Wood DM, and TARO NASU reporting brisk transactions.

Uman’s kaleidoscopic journeys

The article profiles Somali-born, self-taught artist Uman, whose vibrant, pattern-filled paintings are currently the subject of her first institutional solo exhibition, 'Uman: After all the things…', at the Aldrich Contemporary Art Museum in Ridgefield, Connecticut. The show, curated by Amy Smith-Stewart, features works like *Zam Zam Bom Bom* (2023) and *Melancholia in a Fall Breeze* (2025), alongside a large-scale mural and a sculptural streetlamp. The article also reveals Uman's plan to relocate from upstate New York to the south of France next spring, marking the end of a 20-year chapter in her adopted home.

Five Groundbreaking Postwar Women Artists Lead New York’s Fall Art Season

New York's fall art season features five major exhibitions dedicated to groundbreaking postwar women artists, timed with the November auctions. Shows include Louise Bourgeois at Hauser & Wirth, a Joan Mitchell focus at David Zwirner, and MoMA's long-awaited Ruth Asawa retrospective. The article cites the 2025 Art Basel and UBS Report showing women artist representation in galleries rose to 41% in 2024, with sales growth correlating to higher representation. Artnet data notes 13 women among the top 100 auction sellers in early 2025, up from 10 the prior year.

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.

Jenny Saville Is Getting a Landmark Exhibition in Venice

Jenny Saville will be the subject of a major new exhibition at Venice’s International Gallery of Modern Art at Ca’ Pesaro, opening March 28, 2026 and running through November 22, 2026, alongside the 61st Venice Biennale. The show will feature around 30 paintings spanning her career from the 1990s to the present, including seminal works like *Hyphen* (1999) and *Reverse* (2002–13), and will conclude with a new series created in homage to Venice. The exhibition is curated by Ca’ Pesaro director Elisabetta Barisoni and supported by Gagosian.

Unlock Art Basel Miami Beach with curated experiences and inspiring stays

Airbnb has announced its return to Art Basel Miami Beach as part of a multi-year partnership with the fair, offering exclusive art experiences and design-forward stays. Highlights include a pre-opening tour led by fair director Bridget Finn, an interactive design workshop with interior designer Kelly Wearstler, and a private artist-guided tour of Jack Pierson's solo show at the Bass Museum of Art. The collaboration extends beyond Miami to cities like Los Angeles, Mexico City, and Tokyo, with experiences at galleries such as PACE Gallery, Vielmetter, and the Ueshima Museum.

How Art Week Tokyo is opening up routes into Japan’s contemporary art landscape

Art Week Tokyo, which launched in November 2021 during border closures, has adopted a unique "post-art fair" model that forgoes a traditional art fair in favor of connecting museums and galleries across Tokyo via free buses and inviting international art professionals. The fourth full edition coincides with three major Japanese art festivals—the Aichi Triennale, Okayama Art Summit, and Setouchi Triennale—creating a powerful autumn art season. Key highlights include AWT Focus, a selling exhibition at the Okura Museum of Art curated by Adam Szymczyk, featuring over 50 artists with increased international gallery participation, and the museum exhibition "Prism of the Real: Making Art in Japan 1989-2010" at the National Art Center, Tokyo, curated by Doryun Chong.

8 Must-See Exhibitions in Tokyo Right Now

Art Week Tokyo returns for its fourth edition from November 5–9, 2025, co-hosted by over 50 venues across the city. Instead of a traditional art fair, visitors can use free shuttle buses to explore participating galleries, museums, and nonprofit spaces, including Pace, Perrotin, Kaikai Kiki Gallery, the Mori Art Museum, and the Museum of Contemporary Art Tokyo. Highlights include a curated Focus exhibition titled “What Is Real?” by documenta 14 artistic director Adam Szymczyk, a survey show “Prism of the Real” co-curated with M+, a mid-career retrospective for Aki Sasamoto, and special programming such as a guided tour of micro homes by architect Kazuyo Sejima and a pop-up bar designed by Ichio Matsuzawa with a menu by Michelin-starred chef Shinobu Namae.

9 Standout Solo Gallery Shows to See in Paris

The article highlights nine standout solo gallery shows currently on view in Paris, coinciding with Art Basel and other art fairs taking place in the city. Featured exhibitions include Elmgreen & Dragset's lifelike office worker installation at MASSIMODECARLO's Piece Unique window, Jessie Makinson's new surreal figurative paintings at Brigitte Mulholland, a tribute to Robert Rauschenberg's 100th birthday at Thaddaeus Ropac, Jeffrey Gibson's first Paris solo show at Hauser & Wirth, and Mickalene Thomas's new portrait series at Galerie Nathalie Obadia, among others.

Your Go-To Guide to All the Art Fairs in Paris This Week

Paris is hosting a busy week of art fairs, headlined by Art Basel Paris returning to the Grand Palais from October 24–26, 2025, under outgoing director Clément Delépine. The fair features 206 galleries across three sections, public programs at nine iconic venues including an inflatable Kermit the Frog by Alex Da Corte and a participatory installation by Harry Nuriev, and a talks series hosted by Edward Enninful. Satellite fairs include Design Miami Paris at L’Hôtel de Maisons, the dealer-run 7 Rue Froissart co-founded by Brigitte Mulholland and Sara Maria Salamone, and others like Paris Internationale and Asia Now.

‘Like a carefully choreographed performance’: meet the logistics professionals who bring art fairs to life

Art fairs appear serene on the surface, but behind the scenes, logistics professionals work frantically to ship, install, and present hundreds of artworks. The article shares dramatic installation tales from galleries and shippers, including Gianpietro Carlesso's heavy sculpture at Frieze Sculpture 2020, a Calder Stegosaurus transported for Art Basel Miami Beach 2013, and Mandy El-Sayegh's immersive booth installation at Frieze London 2023. These stories highlight the challenges of tight schedules, extreme weather, and complex installations that require structural engineers, cranes, and overnight work.

Art Basel Paris 2025 Public Program transforms the city – watch the video

Art Basel Paris 2025 will present a free public program across multiple iconic Parisian venues from October 21-26. Highlights include a multidisciplinary installation by Turner Prize-winning British artist Helen Marten at the Palais d'Iéna, presented by Miu Miu; exhibitions by Fabienne Verdier and a group show curated by Matthieu Poirier at the Cité de l'architecture et du patrimoine; seven monumental sculptures on Avenue Winston Churchill featuring works by Leiko Ikemura, Thomas Houseago, and Arlene Shechet; and quirky sculptures by Julius von Bismarck at the Petit Palais.

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.

25 of 2025: 5 Sculptors to Watch

Artnet News has published the latest installment of its '25 of 2025' series, spotlighting five sculptors to watch. The article profiles Lotus L. Kang, a Canadian artist who had a solo show at 52 Walker in New York, was recently picked up by Esther Schipper, and has appeared in group exhibitions at MoMA, Jeffrey Deitch, and the Hessel Museum. It also features Raven Halfmoon, a Caddo Nation artist whose totemic ceramic works draw on Indigenous traditions and folklore, and who had her major institutional debut at the Aldrich Contemporary Art Museum in 2023. The series aims to highlight emerging talents shaping contemporary art.

Despite new autumn slot, Tokyo Gendai remains a largely local affair

Tokyo Gendai held its third edition from September 11-14, 2025, in Yokohama, shifting from its original July slot to an early autumn date to attract more international dealers and collectors. The fair reported mixed sales amid a slow economy, with local Japanese collectors making up the vast majority of buyers. Notable sales were reported by Pace Gallery, while other galleries like Anomaly noted a slower start but eventual sales. The fair also featured a new partnership with Art Busan, bringing Korean and Chinese galleries with subsidized booth fees.

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.

Pioneering Brazilian artist Lygia Pape's estate is now represented by Mendes Wood DM

Mendes Wood DM now represents the estate of pioneering Brazilian artist Lygia Pape (1927-2004), a central figure in the Concrete and Neo-Concrete art movements. The gallery, founded by Pedro Mendes, Felipe Dmab, and Matthew Wood, operates spaces in São Paulo, Brussels, Paris, and New York. It plans a career-spanning exhibition of Pape's work in São Paulo in April 2026, coinciding with SP-Arte and her centenary year, and will bring works to Art Basel in Paris this October. Pape's first retrospective in France, 'Tisser l'espace (Weaving Space),' opens next week at the Pinault Collection's Bourse de Commerce in Paris, running from 10 September to 23 February 2026.

Big Galleries Are Racing to Sign Emerging Artists. It’s Changing Everything

Major blue-chip galleries like Gagosian, Hauser & Wirth, Pace, and White Cube are increasingly signing emerging artists earlier in their careers, bypassing the traditional trajectory where young artists would first develop with smaller galleries over many years. Examples include George Rouy joining Hauser & Wirth at age 30, Pam Evelyn joining Pace at 27, and Sasha Gordon joining David Zwirner in 2024. This shift comes amid a contracting art market where aggregate dealer sales fell 6% between 2023 and 2024, while smaller galleries with turnover under $250,000 saw sales grow 17%. Ultra-contemporary auction sales dropped 37.9% in the same period, signaling a cooling of speculative buying.

Alton Yan

Alton Yan has been appointed as the new director of the Asia Society Museum in New York, effective immediately. Yan, previously a curator at the museum, succeeds the outgoing director and brings extensive experience in Asian contemporary art to the role.

What does it take to get gallery representation as an artist?

The article explores the challenging process for artists to secure gallery representation, a crucial step for income, visibility, and legacy in the art market. It features insights from gallerists like Sadie Coles (Sadie Coles HQ, London) and Stefan Benchoam (Proyectos Ultravioleta, Guatemala City), who emphasize the importance of a unique artistic voice and innovative work over market trends. Curator Yasmil Raymond and artist Nuri Koerfer also contribute perspectives on alternative exhibition strategies and the value of personal connections.

Art Basel Qatar unveils new fair format and appoints Artistic Director

Art Basel has announced details for its inaugural edition in Qatar, set to take place from February 5 to 7, 2026, at the M7 creative hub in Doha's Design District. Departing from the traditional booth model, the fair will introduce an open-format exhibition centered on the theme 'Becoming,' with solo presentations by galleries responding to a central curatorial framework. Egyptian-born artist Wael Shawky has been appointed Artistic Director for the first edition, working alongside Art Basel's Chief Artistic Officer Vincenzo de Bellis to shape the curatorial vision and guide gallery selection. The fair will span two key venues—M7 and the Doha Design District—as well as public sites in Msheireb, and plans include transforming Qatar Museum's Fire Station into a platform for educational programs.

Highlights from Art Basel 2025

Art Basel returned to Basel for its 55th edition in June 2025, featuring 289 top international galleries from 42 countries and territories. The fair attracted 88,000 visitors, including collectors, curators, and representatives from over 250 museums and foundations. Highlights included Arturo Kameya's storytelling installation at GRIMM in the Statements section and Lothar Hempel's series of painted aluminum works at Anton Kern Gallery in the Kabinett sector, alongside large-scale installations in Unlimited and public projects in Parcours.