Australia Is Getting Its First Major Takashi Murakami Retrospective

The Art Gallery of New South Wales in Sydney will host Australia's first major Takashi Murakami retrospective, opening in December 2026. Titled simply "Takashi Murakami," the exhibition spans 30 years and features 150 works, including paintings, sculptures, video, and large-scale installations. It will occupy part of the gallery's Naala Badu building and will debut new works created specifically for the show in the vast Nelson Packer Tank space.

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Artnet and Morgan Stanley have released a comprehensive analysis of the photography auction market spanning 2005 to 2024. The report reveals that while the volume of photography lots sold has more than doubled over two decades, the total annual sales value has remained largely stagnant, rising from $113.4 million in 2005 to $116.9 million in 2024. When adjusted for inflation, this represents a significant 36.7 percent decline in market value, with average prices for photographs dropping by over 50 percent during the same period.

Hiba Schahbaz: The Garden

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Hiba Schahbaz is the subject of her first major museum retrospective, "The Garden," at the Museum of Contemporary Art, North Miami. Curated by Jasmine Wahi, the exhibition features 80 works spanning 15 years, tracing the artist's evolution from traditional Indo-Persian miniature painting in Lahore to her current large-scale practice in Brooklyn. The show highlights her recurring use of the female nude—often a stylized self-portrait—navigating mystical landscapes filled with Sufi poetry, mythical creatures, and art historical references.

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Art Basel Qatar has launched its inaugural edition in Doha, marking a significant expansion of the Swiss fair brand into the Middle East. The event features 87 exhibitors in a unique, booth-less format spread across the M7 and Doha Design District, departing from traditional trade fair aesthetics in favor of a curated, biennial-style presentation. While the opening VIP day saw strong attendance from regional collectors and major international galleries like Hauser & Wirth, the atmosphere was tempered by light initial sales and significant regional geopolitical tensions.

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White Cube has announced the representation of Navajo artist Emmi Whitehorse, who will be represented alongside her New York gallery, Garth Greenan. The partnership follows Whitehorse’s successful solo exhibition at White Cube’s Paris space and her inclusion in the 2024 Venice Biennale. The gallery plans to debut new work, including the painting "Father Sky meets Mother Earth," at its Art Basel Hong Kong booth later this month.

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Artist Amy Sherald has been named one of TIME magazine’s 2026 Women of the Year, a distinction honoring her leadership and commitment to equity. The recognition follows Sherald's high-profile decision to withdraw her solo exhibition, "American Sublime," from the National Portrait Gallery in Washington, D.C., after the institution attempted to censor or alter the presentation of her painting 'Trans Forming Liberty' (2024) due to political pressure. The Baltimore Museum of Art subsequently stepped in to host the show, where it has since shattered all-time attendance records for the institution.

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The commercial market for performance art is undergoing a significant shift in value and sophistication. While performance has been sellable for decades through archival editions and documentation—a model pioneered by figures like Marina Abramović and dealer Sean Kelly—newer methods include oral contracts for 'live' works and high-stakes secondary market sales. Recent examples, such as Hauser & Wirth offering a Felix Gonzalez-Torres performance piece with an eight-figure price tag, signal that the medium is moving from a niche interest into a high-value asset class.

Art Market Minute February 2026

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The art market is witnessing a significant shift in the commercial viability and valuation of performance art. While the medium has been sold in various forms for years, its increasing presence at major art fairs and galleries suggests a new era where collectors are beginning to prioritize the documentation and rights to live works as legitimate assets.

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Painter Louis Fratino has joined the mega-gallery David Zwirner, adding the powerhouse to his existing representation by Berlin's Galerie Neu and New York's Sikkema Malloy Jenkins. This multi-gallery arrangement is a departure from the typical practice of artists severing ties with smaller galleries when aligning with a global giant.

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The Metropolitan Museum of Art has partnered with Lego to release a $249.99 building set recreating Claude Monet's 1899 painting 'Bridge Over a Pond of Water Lilies.' The kit, containing 3,179 pieces, is the most expensive in Lego's Art series and launches March 4. The museum is also releasing a podcast hosted by curator Alison Hokanson to accompany the set.

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A nationwide general strike, called for Friday, January 30, 2026, in protest of U.S. Immigration and Customs Enforcement (ICE) operations in Minneapolis, has prompted numerous art galleries and organizations to close their doors. Major commercial galleries like Gagosian, David Zwirner, Hauser & Wirth, and Pace Gallery, alongside institutions such as the Museum of Contemporary Art Los Angeles and the Drawing Center, are participating in the shutdown.

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A significant number of New York art galleries, including major players like Pace Gallery, David Zwirner, and Marian Goodman, will close on January 30 to join a nationwide general strike protesting expanded Immigration and Customs Enforcement (ICE) operations. The strike is a response to allegations of federal overreach, including the use of deadly force against protestors and the detention of Native Americans, which have fueled widespread outrage.

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The Peter Hujar Archive and Foundation has left Pace Gallery and will now be jointly represented by New York-based gallery Ortuzar and Fraenkel Gallery in San Francisco. The archive will continue working with Mai 36 Galerie in Zürich and Maureen Paley in London on select projects. Ortuzar founder Ales Ortuzar expressed deep personal excitement about representing Hujar, who will be the first photographer the gallery has represented since its founding in 2018. The gallery plans two concurrent exhibitions this spring: a recreation of Hujar's 1986 show at Gracie Mansion and a group show featuring artists from his circle.

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David Zwirner Gallery now represents New York-based artist Amy Sillman, whose colorful paintings and drawings bridge figuration and abstraction. She previously worked with Gladstone Gallery, where her 2018 show “Mostly Drawing” was praised by critic Phyllis Tuchman. Sillman continues her relationships with Thomas Dane Gallery in London and Capitain Petzel in Berlin, and will participate in a three-person exhibition at Chantel Crousel in Paris this summer. Her first show at Zwirner is scheduled for 2027.

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Pace Gallery announced highlights for its Art Basel Paris presentation, including a major Amedeo Modigliani painting from 1918, *Jeune fille aux macarons (Young Woman with Hair in Side Buns)*, priced around $10 million. The work previews a new partnership between Pace and the Institut Restellini, founded by Modigliani scholar Marc Restellini. Restellini will collaborate with Pace on symposia in New York in 2026 and an exhibition in 2027, while his long-awaited Modigliani catalogue raisonné—authenticating 424 works—is set for publication in March 2025 by Yale University Press.

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Galleries Sprüth Magers and Skarstedt have announced joint representation of artist George Condo, ending his six-year partnership with Hauser & Wirth. Condo has a long history with both galleries: he first showed with Monika Sprüth in 1984 and was represented by Skarstedt from 2004 to 2019. The announcement comes after a two-venue exhibition earlier this year that involved both Sprüth Magers and Hauser & Wirth. Condo's market remains strong, with recent auction sales exceeding $6 million and a current retrospective at the Musée d’Art Moderne de Paris.

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Christopher Kulendran Thomas, an artist who has been building his own neural networks for over a decade, is showing new paintings and a video installation at Gagosian's Upper East Side location, with concurrent exhibitions at the Museum of Modern Art and upcoming at the New Museum. His series 'Peace Core' uses AI trained on Sri Lankan painters to generate compositions that are hand-painted onto canvas, depicting Mullivaikkal beach—the site of a 2009 massacre of Tamil civilians during the Sri Lankan civil war. The Gagosian show also features a 24-screen video installation that algorithmically remixes American TV footage from the morning of September 11, 2001, before the attacks became visible.

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The Vancouver Art Gallery and the Walker Art Center have jointly acquired Nan Goldin's *Stendhal Syndrome* (2024), a slideshow-based video work with an original soundtrack. The acquisition was funded by the Curators’ Council Fund for Women Artists and the Jean MacMillan Southam Fund at the Vancouver Art Gallery. The work will make its Canadian debut at the Vancouver Art Gallery. First presented at Gagosian's New York gallery in September 2024 as part of Goldin's exhibition "You never did anything wrong," the piece pairs two decades of the artist's photographs with a personal voiceover, exploring the emotional power of art. It features images of classical, Renaissance, and Baroque masterpieces from institutions such as the Galleria Borghese, the Louvre, the Metropolitan Museum of Art, and the Prado, interwoven with portraits of Goldin's friends, family, and lovers.

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A 12-foot-tall bronze statue of a Black woman by British sculptor Thomas J. Price, titled *Grounded in the Stars* (2023), has been installed in Times Square, sparking a polarized public reaction. Online, conservative commentators and social media users have labeled the work a sign of a "very sick society" and a "death of civilization," with racist AI-generated and Photoshopped images circulating. In person, the sculpture has drawn both affirming responses—such as a Black woman mimicking its defiant pose—and disrespectful acts, including a white man groping the statue's buttocks for a photo. The work, which stands near permanent monuments to white male figures, will be on view until June 17.

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Photographer Sally Mann has spoken out about government censorship after her photographs were seized from the Modern Art Museum of Fort Worth in Texas earlier this year. The controversy stemmed from her 1990s images of her children, which included nude depictions that some critics characterized as "child porn," leading to their removal from an exhibition following an open letter from the conservative Christian advocacy group Danbury Institute. Though the photos were returned and charges dropped, Mann expressed deep concern about the future of American museums, warning of a "new era of culture wars" and describing the situation as "Orwellian." She noted that social media has given censors more tools, and that the Trump administration is actively rolling out policies targeting museum programs, including a review of the Smithsonian.

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Kadist, a Paris-based nonprofit art organization, announced the closure of its San Francisco gallery after 14 years of operation. The space, which opened in 2011, was known for commissioning and exhibiting works by international artists such as Hank Willis Thomas, Jota Mombaça, and Ad Minoliti. Joseph Del Pesco, Kadist’s Americas director, stated that the closure was not due to funding issues but rather a strategic shift toward international collaborations with museums across the Americas and beyond. The organization will continue to operate its original space in Paris and maintain its collection of over 2,000 artworks.

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Y.Z. Kami's painting *Messenger (The Forrest)*, priced around $300,000, is currently on offer at Gagosian's Beverly Hills gallery. The work is part of a series the artist began in 2022 based on photographs taken during travels in India. Kami, born in Tehran in 1956 and based in the U.S. since 1984, is known for large-scale portraits in oil on linen. The painting is featured in Kami's exhibition 'The Domes' at Gagosian, which runs through August 8 and includes three Messenger paintings, one already sold. The show marks his first West Coast solo exhibition since 2016–17 at LACMA.

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Jordan Wolfson's latest virtual reality artwork, *Little Room* (2025), debuted at the Fondation Beyeler in Basel during Art Basel. The piece requires participants to undergo a full-body scan using 96 cameras, creating a detailed 3D model that is uploaded into a VR environment. Once inside, pairs of participants find they have swapped bodies, experiencing a disorienting and intimate encounter where they watch their own body being controlled by another person. The work involves a lengthy, ritualistic queue and a twelve-minute VR session that explores themes of identity, voyeurism, and technological mediation.

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Tracey Emin, the renowned British artist and former YBA, is the subject of a major new exhibition titled "Sex and Solitude" at the Fondazione Palazzo Strozzi in Florence, Italy—the first comprehensive show of her work in the country. Curated by the museum's director general Arturo Galansino, the exhibition features some 60 works spanning 30 years, including paintings, drawings, film, photography, embroidery, sculptures, and neon installations. Emin created a new neon piece for the facade, and many works are being shown in Italy for the first time. In a video interview, she emphasized the show is not a retrospective but a living, present-focused exploration of her themes of sexuality, love, trauma, and solitude.

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Lorna Simpson's paintings are the subject of a new survey exhibition at the Metropolitan Museum of Art in New York, titled "Source Notes," on view through November 2. The show features over 20 paintings created between 2014 and 2024, marking the first exhibition to survey Simpson's output in this medium. Curated by Lauren Rosati, the exhibition aims to provide an overview of her painterly practice while connecting it to her collage work, with two vitrines displaying her collages to illustrate the fluidity between the two practices. Simpson, best known for her photography from the 1980s, debuted her paintings at the 2015 Venice Biennale organized by the late curator Okwui Enwezor.

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In late April 2018, the Baltimore Museum of Art announced a plan to deaccession seven works by white, male postwar artists to fund acquisitions of works by African American and female artists. Since then, the San Francisco Museum of Modern Art and the Art Gallery of Ontario have adopted similar diversity-focused deaccessioning strategies, selling works at auction to diversify their collections. The BMA sold pieces by Franz Kline, Kenneth Noland, and Andy Warhol at Sotheby's, using proceeds to acquire works by artists including Jack Whitten, Lynette Yiadom-Boakye, and Amy Sherald. SFMOMA is deaccessioning a Mark Rothko painting estimated at $35–50 million, while the AGO is selling 20 works by A.Y. Jackson through Heffel Fine Art Auction House.

My toddler threw a toy pig at an artwork – and inspired this guide for small kids in galleries

A journalist recounts a stressful visit to the Royal Academy with her toddler, where a toy pig was thrown toward a Kerry James Marshall painting. This incident serves as the catalyst for a new series exploring the compatibility of small children and art galleries, addressing the anxieties parents face regarding museum etiquette, accessibility, and the fear of damaging artworks.

For Italy’s Art Pioneer, a New Bronze Age

Giuseppe Penone, a leading figure of the Arte Povera movement, is preparing a major exhibition at Gagosian gallery in New York. The show will feature new bronze sculptures that continue his lifelong exploration of nature, form, and the human body, created in collaboration with curator Adam Weinberg, the former director of the Whitney Museum of American Art.

Museum as Dreaming Machine

Artist Refik Anadol, cofounder of Refik Anadol Studio, announces the opening of DATALAND, a new museum for data designed from the ground up in collaboration with architect Frank Gehry at The Grand LA. The project aims to create an architectural space inherently designed for immersive, AI-generated, and constantly evolving art, moving beyond the need to retrofit traditional museum structures like the white cube.

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.