The article profiles billionaire Greek Cypriot collector Dakis Joannou, focusing on his superyacht *Guilty*, painted by Jeff Koons in dazzle camouflage, and his Deste Foundation's project space on Hydra. It describes the 2023 group show "Dream Machines," co-curated by Daniel Birnbaum and Massimiliano Gioni, featuring works by Koons, Andro Wekua, Mire Lee, and others, and includes an interview with Joannou about the yacht's design and his art collection.
2025 Art21 at the Movies
On October 8 and 10, 2025, Art21 hosted its second 'Art21 at the Movies' event in New York. The two-day program featured film premieres, artist talks, and screenings at venues including the Metrograph and the Museum of Modern Art. It highlighted artists from the 'Art in the Twenty-First Century' series and included discussions with filmmakers and curators.
PaperCity tapped Elaine de Kooning House founder Chris Byrne to curate a list of the 14 best art museum exhibitions worldwide in 2026. Highlights include a major Marcel Duchamp retrospective at MoMA—the first North American survey in over 50 years—featuring nearly 300 works, and Raphael's first comprehensive U.S. exhibition at The Met, titled 'Raphael: Sublime Poetry,' with 200 drawings, paintings, and tapestries. Other notable shows include 'The Shakers: A World in the Making' at ICA Philadelphia and a Guerrilla Girls exhibition at the Getty Center in Los Angeles.
Kenny Schachter's article opens with a broad critique of the political climate under the Trump administration, linking it to a chilling effect on free speech and democracy, before pivoting to the art world. He notes the absence of a U.S. representative for the 61st Venice Biennale, mentions Marilyn Minter's protest piece, and references David Hockney's *Portrait of an Artist (Pool with Two Figures)* at Christie's. The piece also touches on market negativity, the resilience of art, and skepticism about the Middle East as a market savior.
A Frida Kahlo painting, *El Sueño (La Cama)* (1954), sold at Sotheby’s New York for $54.7 million, setting a new auction record for the most expensive artwork by a female artist. The article, using data from the Artnet Price Database, lists the ten most expensive women artists at auction, including Lee Krasner ($11.6 million for *The Eye is the First Circle*), Jenny Saville ($12.4 million for *Propped*), Marlene Dumas ($13.6 million for *Miss January*), and Agnes Martin ($18.7 million for *Grey Stone II*).
The Saatchi Gallery in London is hosting 'Textile Art Redefined,' a group exhibition featuring 15 artists who push the boundaries of fiber and fabric. Curated by Helen Adams, the show includes diverse works ranging from Ian Berry’s immersive installations made of recycled denim to Kenny Nguyen’s undulating silk wall pieces and Anne von Freyburg’s textile reinterpretations of Rococo paintings. The exhibition coincides with the release of Adams' new book, 'Textile Fine Art,' which explores the medium's evolution from functional craft to a celebrated pillar of contemporary art.
Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.
Nifty Gateway, a once-prominent curated NFT marketplace, has announced its closure after failing to achieve its ambitious goal of converting one billion people into NFT owners. The platform, which initially succeeded by focusing on digital art sales, leveraged social media metrics like Instagram popularity to select artists such as Kenny Scharf, Filip Hodas, and FVCKRENDER, favoring a pop-centric, visually digestible aesthetic.
Sotheby's held its inaugural Abu Dhabi Collectors' Week at the St. Regis Island Resort on Saadiyat Island, transforming the venue into a luxury showcase with handbags, diamonds, watches, a non-selling art display worth $500 million, and rare cars. The week culminated in open-air auctions under a full moon, netting $133 million—far exceeding the $17 million from Sotheby's first Middle East luxury sale in Saudi Arabia earlier this year. Highlights included a 1994 McLaren Formula 1 car sold for $25.3 million, a Jane Birkin Hermès handbag that fetched $2.9 million, and a 31.68-karat pink diamond called The Desert Rose that went for $8.8 million. A jewelry and timepieces sale achieved white-glove status, taking $25.4 million.
The article reflects on the closure of several notable contemporary art galleries in 2025, including Clearing, Blum, High Art, Venus Over Manhattan, Sperone Westwater, Galerie Francesca Pia, Tilton Gallery, Altman Siegel, Kasmin, Rena Bransten Gallery, L.A. Louver, and Canal Projects. It opens with a eulogy for Florine Stettheimer by Georgia O'Keeffe, drawing a parallel between the artist's unique way of life and the distinctive, charismatic spirit of galleries that have shuttered. The author recounts personal experiences at now-closed spaces like Metro Pictures, JTT, and Clearing, and quotes dealer Olivier Babin and the legendary Leo Castelli on the fleeting importance of galleries.
A 1976 Hippopotamus Bar by François-Xavier Lalanne sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting a new auction record for the French artist. The hand-wrought copper, steel, and wood piece, commissioned by art patron Anne Schlumberger, is the only copper prototype from the series and features concealed compartments for bottle storage, ice bucket, and glassware. The sale was part of the Schlumberger collection, which also included a gold-patinated bronze armchair by Claude Lalanne that fetched $1 million and a pair of bronze gates that sold for $787,400.
Mega-gallery Hauser & Wirth is acquiring the historic Palazzo Forcella De Sata in Palermo, Sicily, as confirmed by president and cofounder Iwan Wirth. The property, a 19th-century eclectic architectural landmark that hosted Manifesta 12 in 2018, was purchased in mid-November, though Sicilian authorities and Italy’s Ministry of Culture have a two-month window to preempt the sale due to historical monument restrictions. The gallery plans to use the main floor as exhibition space, with renovations potentially completed by 2030.
The article reports on a record-breaking auction sale of a 4-foot-4-inch Labubu doll, which sold for RMB 1.08 million ($150,300) at Yongle International Auction in Beijing, with premium reaching RMB 1.24 million ($174,000). The character was created by Hong Kong artist Kasing Lung, who also collaborated with Art Basel on a limited edition. Other key developments include the closure of the Art Basel Hong Kong satellite fair Supper Club after two editions, Frieze announcing a new year-round space called Frieze House Seoul in Yaksu, and Blum gallery taking on global representation of Japanese ceramic artist Kimiyo Mishima's estate. The article also covers upcoming exhibitions by Christine Ay Tjoe at White Cube New York, Seulgi Lee at Ikon Gallery Birmingham, Kenny Scharf at the Modern Art Museum Shanghai, and Trevor Yeung's adaptation of his Venice Biennale show at M+ Hong Kong.
Justin Vivian Bond, a multidisciplinary artist and performer, is profiled in ARTnews as part of their Newsmakers series. Bond, who received a MacArthur Foundation “genius grant” in 2024, discusses their upcoming performances at Joe’s Pub in New York, including a show titled “Well, Well, Well” inspired by lesbian singer-songwriters and the novel *The Well of Loneliness*. They also mention resurrecting their duo Kiki & Herb in London, and reflect on their 2017 exhibition at the New Museum, “Trigger: Gender as a Tool and a Weapon,” whose wallpaper is now installed at the V&A East Storehouse.
The article, written by an art critic for Cultured, opens by describing recent U.S. government actions under Executive Order 14253, including the National Park Service's restoration of a monument to Confederate General Albert Pike and a White House letter to Smithsonian Secretary Lonnie G. Bunch III ordering a review of Smithsonian programming to align with a directive to "celebrate American exceptionalism." The critic notes Bunch's balancing act of cooperating while asserting the Smithsonian's independent authority. The piece then pivots to the state of art criticism, referencing Domenick Ammirati's essay on the perpetual "crisis in criticism," and highlights Marco Brambilla's exhibition "Limit of Control" at bitforms gallery as the year's most under-appreciated show, praising its use of AI to explore political violence and protest.
Claudia Altman-Siegel closed her San Francisco gallery, Altman Siegel, in November 2025 with a farewell party, handing out beers to friends, artists, and visitors. She aimed to provide closure and avoid the sudden, chaotic closures that have become common in the mid-tier art market, which often leave artists unpaid, works unreturned, and staff in limbo. Other dealers, including Tif Sigfrids and Rena Bransten, shared strategies for ethical closures, such as continuing to support artists through networks, paying them on time, and returning all works. Bransten's gallery, after 50 years, is shifting to a nomadic model rather than fully closing.
The Marfa Invitational, a small art fair in West Texas, has sparked controversy after pivoting to a new format called the "Marfa Invitational Open." The fair issued an open call to Texas-based artists, charging a $75 application fee and later requiring an additional $150 "installation fee" not disclosed in the original terms. Over 500 artists applied, but many dropped out after the hidden fee was revealed, leading to a boycott campaign. Approximately 160 artists ultimately exhibited at the Saint George Hotel last weekend. The fair had previously faced scandal in 2023 when its tax-exempt status was revoked due to cofounder Michael Phelan's failure to file required paperwork.
Kenny Nguyen, a Vietnamese-born artist based in Charlotte, North Carolina, creates large-scale wall works using thousands of hand-cut strips of silk. Drawing on his background in fashion design, he employs techniques like pinning, weaving, sewing, and layering to produce what he calls “deconstructed paintings.” Each piece is built around an imaginary body, with creases and undulating forms that evoke movement. Though the works appear fixed, they are malleable—their shape changes depending on pin placement during installation. Nguyen’s work is currently on view in the group exhibition *Textile Art Redefined* at Saatchi Gallery in London.
Sundaram Tagore Gallery is expanding its international footprint with the opening of a new 310-square-meter flagship space in London’s St James’s district this May. Located in a renovated Edwardian building on Pall Mall, the multi-level gallery will feature exhibition areas, a private viewing room, and dedicated spaces for live performances and screenings. The inaugural exhibition, titled "Hybridity and Belonging in Contemporary Art," will showcase a diverse roster of artists including Hiroshi Senju, Tayeba Lipi, and Sohan Qadri, focusing on themes of displacement and cross-cultural identity.
NADA Miami and Untitled Art opened on December 2, 2024, in Miami Beach, both targeting the mid-tier and emerging art markets. The fairs saw strong early sales and a predominantly American and local audience, with fewer European and Asian collectors than in previous years. Dealers reported a rebound in market confidence, with sales activity signaling a recovery in the mid-career and emerging segments, though not reaching the frenzy of earlier boom periods. The fairs also showcased a shift away from bright figuration and identity politics toward deeper reflections on reality, mediatization, and materiality.
A major exhibition of rarely seen works by the late Chinese-Canadian artist Matthew Wong will open at the Palazzo Tiepolo Passi in Venice from 9 May to 1 November 2025, coinciding with the 61st Venice Biennale. The show features 35 works dating from 2015 to 2019, curated by John Cheim of Cheim & Read gallery, and is organized by the Matthew Wong Foundation, founded by the artist's parents Monita Wong and Raymond KP Wong after his death by suicide in 2019. The exhibition catalogue includes a text by Nancy Spector, former chief curator of the Guggenheim Museum.
Seven jewelry-themed museum exhibitions are on view globally in 2025, showcasing pieces from Van Cleef & Arpels, Cartier, and artist-designed adornments by Man Ray and Pablo Picasso. Highlights include "Cosmic Splendor" at the American Museum of Natural History in New York, featuring astronomically inspired Van Cleef & Arpels creations, and "Cartier" at the V&A in London, displaying over 350 objects including royal commissions and iconic panther jewels. Other shows feature contemporary and vintage designs, emphasizing jewelry as a wearable art form.
The Brooklyn Museum is opening a new edition of 'Iris van Herpen: Sculpting the Senses,' building on a 2023 retrospective at the Musée des Arts Décoratifs in Paris. The exhibition features over 140 haute couture designs by Dutch fashion designer Iris van Herpen, known for merging high-tech materials like laser-cut Plexiglas with biological elements such as glowing algae and plastic bubbles. It includes recent collections like 'Sympoiesis' and works by artists including Kenny Nguyen, Wim Delvoye, and Tara Donovan, alongside a soundscape by Salvador Breed. The show runs from May 16 to December 6.
The Hole, a prominent New York-based contemporary art gallery, is facing multiple lawsuits and allegations of financial instability. Legal filings from landlords at both its Bowery and Tribeca locations indicate significant rent arrears totaling over $180,000, alongside unpaid real estate taxes. Founder Kathy Grayson confirmed the closure of the gallery’s Los Angeles outpost, attributing the crisis to a sharp decline in sales starting in late 2023 and a destabilizing period of rapid expansion.
Michelle Fung reflects on the realities of working as an artist in Hong Kong, dispelling the romantic myth of the bohemian artist. She describes the city's high cost of living, lack of affordable studio space, and the need for artists to take on multiple jobs—from teaching to selling secondhand handbags—to survive. Fung notes that while Hong Kong offers a vibrant art scene with over 70 galleries and a dozen museums, most artists cannot rely on gallery sales alone. She also critiques the Hong Kong Arts Development Council's grant system, which covers project expenses but provides minimal artist fees, contrasting it with more generous systems in Canada and the Netherlands.
Bidding has concluded for KAWS's 2019 screenprint, *Untitled (KAWS X Mocad)*, a limited-edition work produced for the artist's solo exhibition "Alone Again" at the Museum of Contemporary Art Detroit. The work was offered through Palm Beach Modern Auctions, with detailed condition reports and terms available to prospective bidders.
Jeffrey Deitch has organized a pop-up exhibition in Miami's Design District during Art Basel Miami Beach, titled "That Was Then, This Is Now." The show, running from December 2, 2025 to January 2, 2026, features about two dozen ultra-emerging artists, predominantly from the West Coast. It was organized by American Art Projects, a platform led by Deitch associate director William Croghan and Benno Tubbesing, former director of Ruttkowski;68's New York branch. The exhibition includes paintings, ceramics, clothing, and books, aiming to offer accessible price points for new collectors.
Artnet News released its mid-year intelligence report on the art market, led by Katya Kazakina's analysis titled “The Storm Hits the Art Market: Who’s Getting Swept Away?” The article cites major gallery closures including Blum, Venus Over Manhattan, and Kasmin, and quotes a collector warning that “blood will flow in the streets” before the market recalibrates. Kenny Schachter, an artist, dealer, and Artnet columnist, publicly criticized the coverage on Instagram, calling it alarmist and arguing that the market is “fucking fine.” The exchange has sparked a debate about the fairness and responsibility of art-market reporting.
The Hole, a prominent contemporary art gallery founded by Kathy Grayson, has shuttered its West Hollywood location amid a wave of legal and financial troubles. Court filings reveal that the gallery faces multiple lawsuits for unpaid rent and real estate taxes across its Los Angeles and Manhattan outposts, with debts totaling over $180,000. Beyond real estate disputes, the gallery has been dogged by allegations of financial instability and delinquent payments to artists, including a 2019 lawsuit from artist Dan Lam regarding unpaid sales and damaged works.
Frieze New York 2026 opened at the Shed in Hudson Yards, drawing a record crowd of collectors, artists, and celebrities on preview day. The fair featured over 65 international galleries, with a strong presence of Latin American artists and a notable shift toward textile-based works, sculpture, and paper pieces. Highlights included the Ruinart Art Lounge with preparatory studies by Tadashi Kawamata, and the Focus section spotlighting emerging galleries. Notable attendees included Leonardo DiCaprio, gallerist Almine Rech, and Sotheby's senior vice president Ralph DeLuca.