Art dealer David Schrader is launching a new secondary-market gallery in New York with partners Marc Glimcher and Emmanuel Di Donna. He argues the current market stabilization and renewed optimism, especially in the secondary sector, provide a favorable backdrop for their streamlined, focused venture that aims to avoid the overhead of historic gallery models.
Artist Trevor Paglen and AI researcher Kate Crawford have launched ImageNetRoulette, a viral digital art project that uses artificial intelligence to label user-uploaded photos. The project, which is part of their "Training Humans" exhibition at Fondazione Prada, gained massive social media traction by generating often offensive or bizarre classifications for users. By exposing the problematic labels—ranging from "mediatrix" to racial slurs and criminal accusations—the creators aim to reveal the deep-seated systemic biases embedded in the ImageNet database, one of the world's most influential AI training sets.
hardwiring change survey 2026
Artnet and the Association for Women in the Arts (AWITA) have launched the second edition of their global research initiative, the Hardwiring Change survey. This project aims to collect comprehensive data from thousands of arts professionals regarding pay gaps, leadership representation, career mobility, and workplace conditions. The 2026 iteration introduces a new focus on how emerging technologies, specifically artificial intelligence, are impacting gender equity and professional advancement within the industry.
Marina Abramović Is the Unlikely Star of the New Balloon Museum
Performance artist Marina Abramović has created a large-scale inflatable installation for the new permanent New York outpost of the Balloon Museum. Titled *Snowy/Windy/Spring On The Planet Z*, the immersive work transforms the Tin Building into an imagined extraterrestrial meadow filled with balloon sculptures, light, and air currents, opening in July 2026.
Thomas Gainsborough's 1750 painting 'Mr. and Mrs. Andrews' is the centerpiece of the Frick's exhibition 'Gainsborough: The Fashion of Portraiture' in New York. The portrait of the newlywed Suffolk gentry is celebrated as Gainsborough's earliest masterpiece, notable for its eccentric composition that gives equal prominence to the couple and their vast estate, hinting at the transactional nature of their marriage.
A rediscovered painting by Baroque master Artemisia Gentileschi, titled 'Lucretia,' sold for €4.8 million ($5.28 million) at an Artcurial auction in Paris, shattering the artist's previous auction record. The price soared to six times its high estimate, reflecting intense market competition for the rare work.
London's National Gallery has acquired a recently rediscovered self-portrait by Artemisia Gentileschi, 'Self Portrait as Saint Catherine of Alexandria' (c. 1615–17), for £3.6 million ($4.7 million). The painting was purchased from a London dealer who had secured it at a Paris auction in December, where it set a new auction record for the artist. The acquisition marks a significant addition to the museum's holdings, as it is only the 21st work by a female artist in its collection of over 2,300 pieces.
Artnet News revisits a podcast episode featuring editor-in-chief Naomi Rea, who examines the breakdown of traditional art pricing logic amid a cooling market. The episode explores how the rules that once governed art valuation have eroded, leaving dealers, advisors, and collectors struggling to navigate a market described as being in a "danger zone." Rea discusses how mega-galleries, emerging dealers, and advisors are quietly recalibrating their strategies as speculation dries up and confidence wanes.
Artnet News has launched a new four-part podcast mini-series titled "How to Get Ahead in the Art World," produced in partnership with Art Market Mentors. Hosted by editor-in-chief Naomi Rea and produced by Sonia Manalili, the series features insights from top art-world insiders including Cat Manson (former Christie's leader turned career coach), Loïc Gouzer (former Christie's rainmaker and founder of Fair Warning), and Brooke Lampley (senior roles at Sotheby's and Gagosian). Each episode covers a key career lesson: taking ownership of your career, trusting your instincts, leading with passion, and embracing a layoff as a reset.
Art Basel, the flagship art fair, returns to Basel, Switzerland from June 17 to 22 amid a period of market contraction and geopolitical instability. The article explores key questions surrounding the fair, including whether the proliferation of new Art Basel editions in Paris and Doha is diluting interest in the original Swiss event. Gallerists and collectors weigh in, noting that while Paris is rising in importance, Basel retains unmatched prestige and draws a genuinely engaged international audience. The piece also highlights the fair's new "Premiere" section, which spotlights mid-career and established artists, featuring London gallery Edel Assanti's debut presentation of American artist Lonnie Holley.
The Smart Museum at the University of Chicago has announced plans for a major mid-career survey of artist Theaster Gates, titled “Unto Thee,” opening September 23 and running through February of next year. This marks Gates’s first solo museum exhibition in his hometown of Chicago, despite his international acclaim and numerous institutional shows elsewhere. The exhibition will feature objects Gates has collected and repurposed from the university, including glass lantern slides, vitrines, concrete, and wooden pews, alongside a large-scale installation of African masks accompanied by music from the late DJ Frankie Knuckles.
A broken flowerpot discovered in a London garden turned out to be a rare Hans Coper ceramic, commissioned by the owner's late mother after she admired his work at an exhibition. The four-foot-tall stoneware vessel, produced in early 1964 and bearing Coper's seal, was offered by Chiswick Auctions with a presale estimate of £6,000–£10,000. Despite significant damage, it sparked a bidding war lasting nearly 10 minutes, ultimately selling to a U.S. bidder for £36,500 ($48,300) hammer price, or £47,800 ($63,250) including fees.
Several galleries withdrew from Art Basel Miami Beach 2024 amid rising costs and a contracting art market, leaving some like San Francisco's Altman Siegel facing cancellation fees despite closing. Claudia Altman-Siegel, who shut her gallery, owed $22,000 after missing the free-cancellation deadline. Other dealers, including Miguel Abreu, Tilton Gallery, and Sperone Westwater, navigated the fair's strict payment terms for different reasons—some pulling out early to avoid penalties, others proceeding despite business challenges. The fair proceeded with 283 exhibitors and reported strong sales, including an $18.5 million Joan Mitchell painting, signaling a potential market upturn.
Es Devlin's *The Library of Us*, a 20-foot-tall rotating bookshelf containing 2,500 books, debuted as a major spectacle during Miami Art Week. Installed on Miami Beach within a circular pool of water, the sculpture invites visitors to step onto a rotating platform, creating shifting social encounters with strangers. By day it towers over the sand, and by night it glows like a beacon. The work also includes an audio track of quotes from the books, some of which have been banned by Florida schools, and Devlin plans to donate all volumes to Miami public schools and libraries after the installation ends.
MCH Group, parent company of Art Basel, announced a new Doha edition of the Swiss art fair, set to launch in February 2026. Art Basel Qatar will start with 50 galleries and expand to around 200, partnering with Qatar Sports Investments and QC+, a commercial arm of Qatar Museums. The fair aims to bolster markets across the Middle East, North Africa, and South Asia.
The top lot of Sotheby's May auction season in New York, Alberto Giacometti's bronze sculpture *Grande tête mince (Grande tête de Diego)* (1955), estimated at $70 million, failed to sell on Tuesday night. The work was consigned by the Soloviev Foundation, set up by Stefan Soloviev, son of late mega-collector Sheldon Solow, and was offered without a financial guarantee, a risky strategy that backfired when no bidders emerged. Auctioneer Oliver Barker made several chandelier bids before declaring the lot unsold at $64.2 million, shocking the packed salesroom.
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.
This episode of the podcast series "How to Get Ahead in the Art World" features Loïc Gouzer, the former Christie's executive known for orchestrating the record-breaking $450 million sale of Salvator Mundi. Gouzer discusses his career risks, including pioneering the curated sale format and launching Fair Warning, a private auction app that has achieved new price records. He emphasizes trusting instinct over data in the art market and offers advice on spotting opportunities, mastering skills before breaking rules, and building an authentic personal brand.
The article presents a data-driven analysis of the top-performing artists at auction in 2025, highlighting specific works and their record-breaking sales. J.M.W. Turner re-entered the top ranks with a $11.9 million sale, while Jean-Michel Basquiat dominated the contemporary category with a $48.3 million result for his painting 'Crowns (Peso Neto)'. Other notable sales included works by René Magritte, David Hockney, and the ultra-contemporary artist Matthew Wong.
Artnet News senior reporter and columnist Katya Kazakina has won the Newswomen’s Club of New York’s 2025 Front Page Award for specialized reporting in arts and entertainment for the second consecutive year. The award recognizes her July story “Keeping Up With the Clients: The Art World Lifestyle Can Be Dangerously Alluring,” which investigated how dealers and advisors overextend themselves financially and legally to maintain social ties with wealthy patrons. The piece grew out of her earlier scoop on dueling lawsuits between ultra-high-end art advisors Barbara Guggenheim and Abigail Asher.
Heritage Auctions achieved a record $2 billion in sales in 2025, driven by explosive growth in the collectibles market. CEO Joe Maddalena highlights the sustained and increasing global demand for categories like sports memorabilia, comic books, trading cards, and vintage toys, noting that money previously focused on traditional art is now consistently flowing into these areas.
Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.
Global fine-art auction sales reached $11.7 billion in 2025, marking a 13.3 percent increase over the previous year and the first market growth since 2021. While the first half of the year was hampered by inflation and geopolitical tensions, a surge in the second half—particularly during New York’s November marquee sales—pushed the market upward. This recovery was led by a renewed appetite for "trophy works," highlighted by the record-breaking $236.4 million sale of Gustav Klimt’s Portrait of Elisabeth Lederer at Sotheby’s.
The article profiles seven artists whose works have recently achieved significant auction results, often far exceeding their pre-sale estimates. Nathanaëlle Herbelin, Poppy Jones, Kathleen Ryan, Eva Helene Pade, Georg Wilson, and Ding Shilun are highlighted as contemporary artists with strong market momentum, while the poster artist A.M. Cassandre is noted for a historic sale.
The U.K. Crown Prosecution Service has charged Hauser & Wirth and an art shipping firm with violating criminal sanctions by making George Condo's 2021 work on paper, *Escape from Humanity*, available to a person connected to Russia in 2022. Separately, Frida Kahlo's 1940 painting *El sueño (La cama)*, estimated at $40–60 million, will be auctioned at Sotheby's on November 20, potentially yielding a 78,400 percent return for its consignor. Qatar is also planning the first duty-free art storage unit in the Gulf.
Art adviser and Baer Faxt founder Josh Baer has proposed specific price limits for works by "ultra-emerging" artists—those fresh out of school, such as an MFA graduate from Yale. In his No Reserve newsletter, Baer advises collectors to pay no more than $15,000 for a large work and $5,000 for a small piece at a first solo show in a reputable gallery. The advice comes amid ongoing debate about inflated prices for young artists, following a column by Artnet News editor-in-chief Naomi Rea that questioned the market's pricing logic. LA gallerist Charlie James endorsed Baer's thresholds, though some collectors argue that pricing cannot be so neatly codified.
Artnet News editor-in-chief Naomi Rea joins Kate Brown on The Art Angle podcast to discuss the unraveling of traditional art pricing logic. The art market has cooled beyond a typical downturn, entering what Rea calls a "danger zone" where dealers and advisors are quietly recalibrating as speculation dries up and confidence wanes. The episode examines how pricing mechanisms that once held the market together have broken down, affecting everyone from mega-galleries to emerging dealers.
The art auction market showed signs of recovery in 2025, with total sales increasing for the first time since 2021, driven by a strong late-season surge in New York. The U.K. market grew by 11.3%, aided by major sales like the $136 million dispersal of Pauline Karpidas's Surrealist collection, while the ultra-contemporary sector declined for a fourth year as investment flowed to established Impressionist and Modern works.
Investment group Beowolff Capital has announced a voluntary takeover offer for Artnet, valuing the company at approximately €65 million ($73.7 million). Beowolff Capital, a U.K.-registered firm led by CEO Andrew Wolff, has already secured 65% of Artnet's shares and plans to delist the company from the Frankfurt Stock Exchange. The deal includes the purchase of a 29.99% stake from Weng Fine Art AG, ending a long-running control struggle. Artnet's management supports the offer, which is expected to close on May 30, 2025.