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art market minute dec 8 2725081

The article reports strong sales across Miami art fairs, particularly at Art Basel Miami Beach, where Beeple's "Regular Animals"—robotic dogs with hyper-realistic heads of billionaires—were a major attraction in the new digital art section Zero10. It also notes that three art-world heavyweights are launching a new gallery focused on secondary market sales, and that the Art Dealers Association of America is launching a new art fair after canceling its long-running Art Show.

the art angle canyon art basel adrien brody 2651871

The Art Angle podcast team reviews three major art stories from June. First, Canyon, a new museum-like venue dedicated to immersive video art, has been announced for New York's Lower East Side. Second, the team discusses the outcomes of Art Basel in Switzerland, the art world's most important fair, and ongoing volatility in art pricing. Third, they examine the buzz—and mockery—surrounding Oscar-winning actor Adrien Brody's painting exhibition in New York City. Culture editor Min Chen joins host Ben Davis and senior editor Kate Brown to analyze these developments.

Walter Pichler “Die Bleche und ich gehen heim” at Contemporary Fine Arts, Basel

Walter Pichler's exhibition "Die Bleche und ich gehen heim" (The Sheets of Metal and I Are Going Home) is being presented at Contemporary Fine Arts in Basel. The show features a significant body of the artist's work, stemming from a long-standing relationship between the gallery and Pichler that began with an invitation in 1994.

[Interview] Framing Space Through the Human Experience: Michael Najjar x Samsung Art Store

German artist and future astronaut Michael Najjar has partnered with the Samsung Art Store to feature his work "europa" (2016) as part of the Art Basel Hong Kong 2026 Collection. Najjar, who is scheduled to become the first contemporary artist in space via a 2027 Virgin Galactic flight, uses his practice to explore the intersection of technology, space exploration, and human ambition. The collaboration allows his large-scale digital constructions to be displayed on Samsung Art TVs, bridging the gap between the physical art fair and domestic environments.

Otobong Nkanga: ‘I Dreamt of You in Colours’

Artist Otobong Nkanga has unveiled a major new installation titled 'I Dreamt of You in Colours' at the Kunsthalle Basel. The immersive, site-specific work explores themes of memory, landscape, and the extraction of natural resources through a complex tapestry of textiles, drawings, and sculptural elements.

Photomontage of Israel bombing Gaza will go on show at Art Basel Qatar

Pakistani artist Rashid Rana's photomontage 'Black Square (2025)' will be presented at the inaugural Art Basel Qatar fair. The work, composed of hundreds of stills from a Gaza CCTV camera, depicts a night of Israeli bombardment and is priced at $30,000, with all proceeds directed to Gaza relief funds. It is being shown by Mumbai gallery Chemould Prescott Road.

Sotheby’s Origins II Returns to Riyadh

Sotheby’s is returning to Riyadh for the second edition of its Origins sale, titled Origins II, with a live auction scheduled for 31 January. The sale will feature over 70 lots spanning Modern and Contemporary Art, Ancient Sculpture, and 20th-Century Design, including works by Saudi pioneer Safeya Binzagr, Iraqi artist Mahmoud Sabri, and Pablo Picasso. The auction coincides with the Diriyah Contemporary Art Biennale and the debut of Art Basel Doha, and will be preceded by a public exhibition at Diriyah’s Bujairi Terrace from 24 to 31 January.

Observer’s 2025 Art Market Recap: Recovery After a Year of Recalibration

After a turbulent start marked by gallery closures and market contraction, the art market in 2025 rebounded decisively, driven by a secondary-market surge in high-quality consignments. Major auction houses reported strong year-end results: Sotheby's projects $7 billion in consolidated sales (up 17%), Christie's expects $6.2 billion (up 7%), and Phillips reported $927 million (up 10%). Key sales included the $272 million Leonard & Louise Riggio collection at Christie's, the $527.5 million Lauder collection at Sotheby's (led by a $236.4 million Gustav Klimt), and the $136 million Karpidas sales. The year began quietly but gained momentum after summer, with deep bidding and strategic pricing driving a 26% increase in Sotheby's auction revenue and an 11% overall rise in fine art sales across Old Masters, Impressionist, Modern, Post-War and Contemporary categories.

Pablo Picasso and Safeya Binzagr headline Sotheby’s second sale in Saudi Arabia

Sotheby's will hold its second auction in Saudi Arabia, Origins II, on January 31 in Diriyah, featuring works by Pablo Picasso, Andy Warhol, Anish Kapoor, and Middle Eastern artists including Safeya Binzagr and Mohammed Al Saleem. The sale spans categories from ancient sculpture to contemporary South Asian art, with highlights including Picasso's 'Paysage' (1965, est. $2-3 million) and Binzagr's 'Coffee Shop in Madina Road' (1968, est. $150,000-200,000).

A Calibrated Market: How 2025 Shaped the Landscape for Collectors in 2026

The article analyzes the art market in 2025, describing a year of divergence rather than a single trend. While aggregate sales remained below post-pandemic peaks, the year ended with a billion-dollar New York auction week, a record-setting Klimt portrait, and strong demand for exceptional works. Segments like Old Master auctions and the $1 million–$10 million band saw growth, while the ultra-contemporary segment struggled. Key events included the May marquee auctions in New York, the second edition of Art Basel Paris, and November sales at Christie’s and Sotheby’s, which demonstrated a split-level market with record highs at the top and discipline elsewhere.

Ecuador's Bienal de Cuenca marks 40th anniversary with a playful theme but a serious tone

The 17th Bienal de Cuenca, titled "The Game," opened on 24 October in Cuenca, Ecuador, marking its 40th anniversary. The biennial features 51 artists selected by 17 international curators, with works displayed across multiple venues including museums, gardens, and the airport. The event highlights artists and curators from the Global South, focusing on social and political concerns rather than market priorities. It opened just two days after political protests ended, with a ceremony featuring an Andean ritual led by artist Carmen Vicente, whose installation "Infinite Steps" won the acquisition prize.

Art Week holdovers: Here are some exhibits you can still catch in Miami

Miami Art Week has concluded, but several exhibitions remain on view for locals to enjoy. The article highlights shows at venues including Collective 62, El Espacio 23, Fifth & Biscayne Micro Gallery, KDR Gallery, Spinello Projects, and Locust Project, featuring artists such as Tara Long, Susan Kim Alvarez, and Jennifer Basile. These exhibitions range from text-based art and photography to large-scale installations, with closing dates extending through early 2026.

Museum acquires massive Martin Wong triptych from Art Basel Miami Beach

Martin Wong's monumental 12-foot-wide triptych *Tai Ping Tien Kuo (Tai Ping Kuo)* (1982) sold for $1.6 million to a US museum during Art Basel Miami Beach. The work, shown publicly for only the second time ever, was displayed at the booth of New York gallery PPOW. It had previously been exhibited in 1987 at New York's Asian Arts Institute and remained in storage for decades. The painting will next travel to Wrightwood 659 in Chicago for a forthcoming Wong exhibition.

Comment | Fine balance: fairs up the exclusivity while appealing to younger clients

Art Basel Paris in October introduced a new ultra-exclusive preview called Avant Première, catering to top-tier galleries with seven- and eight-figure works, while some emerging exhibitors felt sidelined. Meanwhile, the fair's organizers dropped the term "VIP," renaming its dedicated department to "collector and institutional relations," as CEO Noah Horowitz explained that the term could be off-putting to a new generation of buyers. Parallel events like Trauma, a curatorial platform founded by artist Adrian Ghenie, and the Basel Social Club offered more inclusive, youth-driven alternatives, though they still maintained guest lists.

At Art Basel Miami Beach, a new space reimagines art in the digital age

Art Basel Miami Beach will debut a new curated space called Zero 10, dedicated to digital and new media art, at its upcoming fair in the Miami Beach Convention Center. The centerpiece is an interactive installation by American artist Beeple featuring robot dogs with human heads modeled after public figures like Andy Warhol, Jeff Bezos, and Elon Musk, which will photograph fairgoers and offer NFTs. The space, curated by Eli Scheinman, includes works by pioneers such as Manfred Mohr and Larva Labs, alongside galleries like Pace Gallery and platforms like Art Blocks, exploring themes of AI, robotics, and generative systems. The name references Kazimir Malevich's 1915 exhibition '0,10', signaling a push into new artistic terrain.

Saudi art is becoming ‘active voice’ in global contemporary circles: Lulwah Al Hamoud

Saudi artist Lulwah Al Hamoud debuted new work at The Digital Art Mile during Art Basel in Switzerland, presented by the Sigg Art Foundation. Her pieces, part of the ongoing 'Language of Existence' series, explore Arabic geometry and coded language, incorporating AI and biotechnology to blend tradition with cutting-edge technology.

New Delhi's Gallery Exhibit 320 Marks 15 Years With A Group Show Of 30 Top South Asian Contemporary Artists Called 'Shared Worlds'

Exhibit 320, a New Delhi-based gallery founded in 2010, is celebrating its 15th anniversary with a group show titled 'Shared Worlds' at Bikaner House from August 4–13, 2025. Curated by Deeksha Nath and guided by founder Rasika Kajaria, the exhibition features 30 South Asian contemporary artists including Anju Dodiya, Nandan Ghiya, Sumakshi Singh, Alex Davis, and others. The show spans diverse media—painting, sculpture, textile, and installation—and resists a single narrative, instead highlighting resonance between works that address identity, migration, climate change, and urban memory.

Ser Serpas: ‘I’m hoping I can add a bit of what I think is a healthy dose of unease’

Ser Serpas, an American artist and activist, presents her multifaceted practice in the exhibition 'Of my life' at Kunsthalle Basel. Known for assemblages from found and discarded materials, she now emphasizes painting, creating large-scale works that double as props and backdrops for a collaboration with the Margo Korableva Performance Theatre from Tbilisi, Georgia. Serpas discusses her sourcing process in Basel, her partnership with director David Chikhladze, and the evolution of her work from sculptures to paintings that record studio activities.

switzerland reject inheritance tax billionaires collectors 1234764622

Swiss voters overwhelmingly rejected a proposed inheritance tax on Sunday, with 78% voting no. The tax, introduced by the Social Democrats, would have applied a 50% rate to inheritances and gifts exceeding 50 million Swiss francs (about $62.3 million). Billionaire Peter Spuhler threatened to leave the country if the tax passed, and Swiss wealth managers warned that other ultra-wealthy individuals would follow, citing their mobility and options to optimize taxes.

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A new survey from the American Alliance of Museums (AAM) reveals that one-third of American museums have lost government grants and contracts since President Donald Trump took office. Based on responses from 511 museum directors, the report documents funding cuts from federal agencies including the Institute of Museum and Library Services (IMLS), the National Endowment for the Humanities (NEH), and the National Endowment for the Arts (NEA). These losses have forced museums to defer infrastructure improvements, cancel programming for underserved communities, and lay off staff. Some institutions have taken legal action, and a court ruling in May halted further dismantling of the IMLS. The Mellon Foundation has offered emergency grants, but two-thirds of surveyed museums have been unable to replace lost funding, with a median grant loss of $30,000.

'The human-machine creative entanglement': artist Sougwen Chung on her technology-based practice

Artist Sougwen Chung is presenting new work, including the 10-metre scroll 'Recursion 0,' at Art Basel Hong Kong's new Zero 10 sector. The piece, created with brainwave data, will be completed live at the fair, showcasing her ongoing exploration of human-machine collaboration.

Holbein drawings go back on show at Kunstmuseum Basel after almost 20 years

The Kunstmuseum Basel has reinstalled a collection of extremely fragile Hans Holbein drawings in a dedicated gallery as part of a major rehang of its 14th- to 19th-century galleries. The works, mostly preparatory studies by the Northern Renaissance painter, have not been publicly displayed for nearly 20 years and are so light-sensitive that the gallery's lighting system activates only when visitors enter. The museum's director, Elena Filipovic, notes that the drawings entered the collection in 1661 and have been kept undercover since the 1980s, last appearing in a major Holbein exhibition in 2006.

Nara's Painting Challenges Korean Auction Record

Nara's Painting Challenges Korean Auction Record

Japanese pop art sensation Yoshitomo Nara is poised to shatter the record for the most expensive artwork ever sold at a South Korean auction. His 2016 painting 'Nothing about it,' featuring his signature wide-eyed girl, carries a pre-sale estimate of 14.7 billion to 22 billion Korean won ($11M–$16.5M USD). The work will headline Seoul Auction’s 'Contemporary Art Sale' on March 31, alongside major pieces by Yayoi Kusama and Roy Lichtenstein.

Estimated at 15 Billion Won: Will It Rewrite the Record for Korea’s Art Auctions?

Seoul Auction is set to host its March Contemporary Art Sale, featuring Yoshitomo Nara’s 2016 painting "Nothing about it" as the centerpiece. With a low estimate of 14.7 billion won ($11 million), the work is poised to potentially shatter the record for the highest price ever achieved at an art auction in South Korea. The sale also includes high-value works by Yayoi Kusama and Roy Lichtenstein, with a total pre-sale estimate reaching up to 75 billion won.

Comment | Digital art today has a narcissism problem

Art Basel Miami Beach's new digital art section, Zero 10, featured a heavily subsidized presentation curated by Eli Scheinman, bypassing the fair's usual selection process. The centerpiece was Beeple's installation "Regular Animals" (2025), which displayed dog-like robots with humanoid masks of figures including Kim Jong-un, Elon Musk, and Beeple himself, which critics argue lacks substantive critique and relies on shallow satire.

Justin Sun and David Geffen's legal feud over $78m Giacometti sculpture expands

Crypto billionaire Justin Sun and entertainment mogul David Geffen are escalating their legal dispute over Alberto Giacometti's sculpture *Le Nez* (1947), valued at $78.3 million. Sun alleges that his former art adviser, Sydney Xiong, sold the sculpture to Geffen without authorization using forged documents and fake lawyers, and that Xiong is now detained in China. Geffen countersues, calling Sun's claims "bizarre and baseless," pointing to inconsistencies in Sun's story and his financial troubles.

7 Must-See Shows During Art Basel Hong Kong 2026

Art Basel Hong Kong 2026, running from March 27 to 29, will trigger a major wave of concurrent gallery exhibitions across the city, particularly concentrated in the Central neighborhood and the H Queen's tower. Galleries like Hauser & Wirth, White Cube, and MASSIMODECARLO will present shows for the influx of international collectors and visitors.

Florence welcomes the great artist Georg Baselitz with a major exhibition at the Museo Novecento

Firenze accoglie il grande artista Georg Baselitz con una grande mostra al Museo Novecento

The Museo Novecento in Florence has opened "Avanti!", a major retrospective dedicated to German artist Georg Baselitz, featuring 170 works on paper spanning his career from the 1960s to the present. Curated by Sergio Risaliti and Daniel Blau, the exhibition is the first in Italy to focus on Baselitz's graphic output, including woodcuts, linocuts, and etchings, alongside sculptures and installations that explore themes of the human body, war, and inversion.

A museum packed with once banned art is flourishing in the Uzbek desert

The I.V. Savitsky State Art Museum in Nukus, Uzbekistan, near the former Aral Sea, houses nearly 100,000 works of 20th-century art, including Russian avant-garde pieces and Central Asian folk art. After a 2024 exhibition in Florence and Venice, the museum underwent a major renovation led by Italian academics and new director Gulbahar Izentaeva, reopening with updated galleries and a new exhibition, "The World of Igor Savitsky." The project is backed by the Art and Culture Development Foundation (ACDF), which also launched the inaugural Bukhara Biennial and partnered with Art Basel Paris.

the art angle art basel roundup 2651816

Artnet News editor Kate Brown hosts a podcast roundtable with three gallerists ahead of the 2025 edition of Art Basel in Basel, Switzerland. The fair features over 200 galleries and is set against a backdrop of a softening art market, with declining sales and cautious demand. The guests are Robbie Fitzpatrick of Fitzpatrick Gallery (who also founded the Art Basel Social Club), Lisa Offermann of LC Queisser (with spaces in Tbilisi and Cologne), and Freddie Powell of Ginny on Frederick (making its Art Basel debut). The discussion focuses on the challenges and strategies for emerging and mid-tier galleries selling works under $250,000.