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City Life Org - New York Art World Celebrates Angela Davis, Amy Sherald, Clara Wu Tsai, Crystal McCrary, Raymond McGuire at Awards Dinner in NYC

The Gordon Parks Foundation held its annual Awards Dinner and Auction at Cipriani 42nd Street in New York City, raising nearly $2 million to support its mission of social justice through the arts. The gala honored a distinguished group of changemakers, including activist Angela Davis, painter Amy Sherald, philanthropist Clara Wu Tsai, producer Crystal McCrary, and businessman Raymond McGuire. Hosted by Kaseem Dean (Swizz Beatz) and Executive Director Peter W. Kunhardt, Jr., the event celebrated the enduring legacy of Gordon Parks and his commitment to documenting and advancing civil rights.

Five forces that reshaped the art market in 2025

In 2025, the art market faced significant challenges, including gallery closures and unfavorable auction results in the first three quarters, driven by geopolitical pressures such as US President Donald Trump's tariffs. However, a rebound occurred in autumn, with buoyant fairs like Frieze London and Art Basel Paris, and strong November auctions in New York totaling over USD 2 billion, carrying momentum to Art Basel Miami Beach. Key events included Gustav Klimt's *Portrait of Elisabeth Lederer* selling for USD 236.4 million at Sotheby's, a record for a Modern work, and a Frida Kahlo self-portrait setting a new record for a work by a woman. Meanwhile, several galleries closed, including Blum, Venus Over Manhattan, Clearing, Kasmin Gallery, Tilton Gallery, and Perrotin and Pace's Hong Kong outposts, while others expanded, such as Thaddaeus Ropac in Milan and Hauser & Wirth in Sicily.

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.

pace di donna schrader secondary market gallery launch

Pace Gallery, Emmanuel Di Donna, and David Schrader are launching a new joint gallery called Pace Di Donna Schrader Galleries (PDS), dedicated to secondary-market sales. The boutique operation will begin operations in spring 2026, open a formal space on New York's Upper East Side in summer, and host a major historical exhibition in autumn. The venture is a collaborative model rather than a merger, combining Pace's global reach and estate relationships, Di Donna's connoisseurship, and Schrader's expertise in private sales.

kimberly drew leaves pace gallery

Kimberly Drew is leaving Pace Gallery, where she served as curatorial director, to pursue a master's degree in the History of Design at the Royal College of Art in London. She announced her departure on Instagram, noting that she will continue to collaborate with the gallery on a project basis. Drew joined Pace in 2022 as an associate director and was promoted to curatorial director in January 2023.

marc glimcher palm beach home sells ambassador

Former US ambassador to France and Monaco Jamie McCourt has purchased a historic Palm Beach house known as the "Fore and Aft House" or "The Boat House" for $19.2 million. The sellers were Pace Gallery CEO Marc Glimcher and his wife, designer Fairfax Dorn, who bought the property in 2021 for $14.3 million and made further updates. The 1937 lakefront home features a ship-like design with porthole windows and curved lines, sitting on a third of an acre with waterfront access.

The Whitney Museum Raised $6.3 Million Last Night

The Whitney Museum of American Art raised $6.3 million at its annual benefit gala on Tuesday night, honoring artist Julie Mehretu, Board Chair Fern Kaye Tessler, and Director Emeritus Adam D. Weinberg. The event drew a crowd of artists, actors, musicians, and arts leaders, with a performance by Grammy winner Shaggy and a seated dinner at the museum's downtown flagship.

Modern mega gallery: Global art gallery to open Bay Area branch

The global mega-gallery Hauser & Wirth is opening a new branch in Palo Alto, California, in the historic Downing Block building, a former U.S. Post Office. The gallery, designed by architect Luis Laplace, will open in the fall and aims to bring influential contemporary art exhibitions to the Bay Area.

The new art conglomerate: Pace Gallery, Emmanuel Di Donna and David Schrader join forces

Pace Gallery, Emmanuel Di Donna, and David Schrader have announced a joint venture to launch Pace Di Donna Schrader Galleries (PDS), a new entity focused on secondary market sales. The partnership, revealed on the eve of Art Basel Miami Beach, will operate from a new headquarters on Manhattan's Upper East Side, with equal partnership among the three. PDS will leverage Pace's global network of galleries in cities including Los Angeles, London, Geneva, Berlin, Seoul, and Tokyo. Di Donna, founder of Di Donna Galleries and former Sotheby's vice chairman, brings expertise in Surrealist, Modern, and post-war art; Schrader, a former Sotheby's head of private sales, adds auction-house experience. The venture is set to begin operations in early 2025, with Di Donna's team moving to the new space in summer 2026.

Can Hauser & Wirth's new Palo Alto space achieve what its rivals failed to?

Hauser & Wirth announced on July 30 that it will open a new location in Palo Alto, California, in spring 2025. The 2,600-square-foot space, located in a former post office on Hamilton Avenue near Stanford University and tech giants like Meta and Google, will be the Swiss mega-gallery's 17th location worldwide and its third in California, joining two existing spaces in Los Angeles. The gallery's president, Marc Payot, cited the Bay Area's dedicated collector community and museums as key reasons for the expansion.