art market minute mar 2
Frieze Los Angeles has concluded with reports of strong sales, with some dealers noting higher transaction volumes than at Art Basel Miami Beach. This surge in activity was accompanied by a record number of satellite events, signaling a growing interest in alternative fair models and a localized boost for the Southern California art scene.
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The art world is navigating a significant shift in regional power and aesthetic trends, highlighted by the inaugural Art Basel Qatar. This expansion into the Middle East signals a potential recalibration of global cultural influence, while simultaneously, the 'Ultra-Contemporary' market is pivoting toward 'Old Master' aesthetics and historical estates as a response to mounting economic pressures.
aca galleries 100 years of black art
ACA Galleries in New York is hosting "Continuum: Over 100 Years of Black Art," an expansive group exhibition running through March 7, 2026. The show features a diverse array of media—including painting, sculpture, textiles, and collage—by more than a dozen pioneering Black artists. Spanning from the 19th century to the present day, the exhibition highlights key figures such as still-life painter Charles Ethan Porter, collagist Romare Bearden, and contemporary textile artist Helen McBride Richter.
louvre robbery
The Louvre Museum has announced a massive €80 million ($92 million) security overhaul following a brazen daytime heist on October 19, where thieves stole imperial jewels valued at €88 million. The investigation revealed significant institutional failures, including outdated software and weak passwords like "Louvre," allowing local thieves to enter via a movers' lift and escape on scooters in under seven minutes. While four suspects from the Paris suburbs have been charged, the majority of the stolen items remain unrecovered.
Scottish sculptor Andy Scott, renowned for his massive 300-ton steel horse heads known as The Kelpies, is the subject of a new solo exhibition titled “Monumental” at VEFA Gallery in Torrance, California. The show shifts the focus from his colossal public landmarks to a more intimate human scale, featuring maquettes, sketches, and a ten-foot steel horse head. By showcasing the evolution of his work from initial drawings to complex engineering feats, the exhibition highlights the technical precision and emotional depth behind Scott’s animal forms.
A trove of previously undeveloped films shot by Andy Warhol and his team has been recovered and processed. The hour-long collection includes eight new Screen Test portraits, unused footage for known films, and significant pornographic footage predating his famous 'Blue Movie.' The films will premiere in a one-night-only screening at the Museum of Modern Art in New York.
The Rose Art Museum at Brandeis University has opened a survey exhibition titled 'Photorealism in Focus.' The show brings together works by more than 30 artists, including early pioneers like Robert Cottingham and Ralph Ladell Goings, as well as artists such as Audrey Flack and Joyce Stillman-Myers, to trace the movement's history from the late 1960s to its contemporary expansions across painting and sculpture.
Photographer Graciela Iturbide is the subject of a major exhibition, "Graciela Iturbide: Vintage," at Throckmorton Fine Art in New York. The show features rare vintage prints, including her iconic work *La Señora de las Iguanas* (1979), and was made possible by the rediscovery of 19 long-lost prints that Iturbide had sent to a dealer decades ago.
Dib Bangkok, Thailand's first international-standard contemporary art museum, opened on December 20 with a festive and dramatic inauguration in Bangkok. Founded by the late industrialist and art collector Petch Osathanugrah and completed by his son Purat "Chang" Osathanugrah, the museum debuted with the exhibition "(In)Visible Presence," curated by Ariana Chaivaranon and Dr. Miwako Tezuka, featuring 81 works by 40 artists from the museum's collection. The opening included a visceral performance by Marco Fusinato, where Chang struck a wall with a baseball bat to complete the artwork, symbolizing a "big bang" for Thailand's cultural landscape.
Laurence des Cars, president of the Louvre, is under pressure to resign after a tense Senate hearing on Wednesday, October 2025, following the theft of $102 million worth of imperial jewels. Lawmakers questioned her failure to act on security warnings from audits commissioned in 2017 and 2018 by her predecessor, Jean-Luc Martinez. Des Cars claimed she was unaware of those audits until after the theft. In response, she has accelerated a $92 million security plan, including 100 additional cameras, a new security coordination hire, and a 20% budget increase for staff training. She also announced a new internal audit on information sharing within the museum's bureaucracy, which she described as disorganized.
Ki Smith Gallery in New York is hosting "50 years of PUNK," an exhibition honoring the seminal punk magazine that launched in 1975. Running through January 11, the show features ephemera, new artworks, and issues 24 and 25 of the magazine, which famously covered bands like the Ramones and Lou Reed. The exhibition opened on November 28, marking 50 years since PUNK interviewed Reed and the Ramones at CBGB's. Co-curated by gallery founder Ki Smith and PUNK co-founder John Holmstrom, the show celebrates the magazine's DIY spirit and its role in shaping punk culture.
Thailand is emerging as a major contemporary art destination, with a wave of new institutions, fairs, and tax incentives drawing international attention. The government-initiated Thailand Biennale opens in Phuket, while the third and final edition of the Ghost biennial just concluded in Bangkok. Collector Marisa Chearavanont recently opened Bangkok Kunsthalle and Kai Yao Art Forest, and Purat “Chang” Osathanugrah is launching Dib Bangkok, billed as the country’s first international contemporary art museum, on December 21. New York dealer Harper Levine plans to open a Bangkok outpost of his Harper’s gallery in spring, and Seoul-based Artue is planning a scaled-up art fair called Art Bangkok International for next year. In August, the Thai government approved tax deductions for purchasing artworks by national artists and higher tax breaks for artists.
American artist Llyn Foulkes has died at age 91, as confirmed by Kent Fine Art. Known for defying stylistic categorization, Foulkes was an early pioneer of Pop art, showing at Fergus Gallery in the mid-1960s ahead of Andy Warhol. He won the painting prize at the Paris Biennale in 1967 and represented the United States at the IX São Paulo Art Biennial that same year. His work incorporated collaged elements and explored themes of photography, Americana, and commercial pop culture. Foulkes was also a jazz musician, performing with R. Crumb and forming the Rubber Band, which appeared on Johnny Carson's Tonight Show. He invented a one-man-band instrument called the Machine and participated in Documenta 13 in 2012, with a retrospective at the Hammer Museum in 2013.
The National Gallery of Art in Washington, D.C., has opened "Photography and the Black Arts Movement, 1955–1985," a major survey featuring some 150 images by Black photographers who documented the civil rights and Black liberation movements. Curated by Deborah Willis and Philip Brookman, the exhibition includes works by Doris Derby, John W. Mosley, Ming Smith, and about 100 other artists, capturing both iconic protest imagery and quieter, intimate moments of Black life. The show runs through January 11, 2026.
The Onassis Foundation’s experimental art and tech studio, Onassis ONX, is relocating to a larger 6,000-square-foot space in Manhattan’s Tribeca neighborhood, doubling its size. The new facility at 390 Broadway will open in January with the multimedia exhibition “TECHNE: Homecoming,” featuring works by artists such as Andrew Thomas Huang, Tamiko Thiel, and Sister Sylvester. The space includes advanced production facilities like a motion-capture stage, a three-wall projection room, an expanded sound studio, and enhanced AI and generative media infrastructure.
An artwork by Venezuelan artist Carlos Cruz-Diez that decorated a crosswalk in Coral Gables, Florida, has been removed following a directive from the Florida Department of Transportation (FDOT) banning public artwork with “social, political, or ideological messages.” The piece, titled *Induction Chromatique* (2017), featured colorful chevron patterns and was originally installed during Art Basel 2017. The city purchased the design for $180,000 and spent $18,000 annually on maintenance, but the crosswalks were painted over last month. The gallery, Ninoska Huerta Gallery, has called for dialogue about restoration or relocation.
The Basel Social Club (BSC), a rogue nonprofit exhibition platform, has taken over a defunct private bank in Grossbasel for its fourth edition, offering a free-entry counter-program to the main Art Basel fair. Over 100 rooms are transformed into living artworks, featuring installations like a functional Black hair salon ("It’s a Whole Lotta Money"), a video essay critiquing online review systems ("1 ★ Review Tour"), and a jewelry boutique in the former vault ("Bijoux Solaires"). The event is described as chaotic, punk, and intimate, with performances such as Faisal Abdu’Allah giving real haircuts in a vintage barber chair.
The article details the career of artist Grace Hartigan, who by 1954 had overcome self-doubt and gained critical and commercial success with her bold, figurative-abstraction paintings. It recounts her solo exhibitions at Tibor de Nagy, acquisitions by MoMA and the Whitney, and her defiance of critic Clement Greenberg. The piece then focuses on a new exhibition at the North Carolina Museum of Art, "Grace Hartigan: The Gift of Attention," curated by Jared Ledesma, which explores how her relationships with avant-garde poets like Frank O'Hara and Barbara Guest shaped her work and provided a sense of belonging in the downtown New York scene.
An anonymous buyer purchased an untitled René Magritte drawing on eBay for $1,580 in January 2025. The work, executed in ballpoint pen, colored pencil, and pencil on paper, will be auctioned by Rago/Wright in Lambertville, New Jersey on May 21 with a high estimate of $150,000—a nearly hundred-fold increase. The drawing depicts three giant white chess pieces towering over a landscape and once belonged to Mora Henskens, companion of Harry Torczyner, a friend and collector of the artist. It was acquired by Henskens from Magritte's widow, Georgette Berger Magritte, and later sold through VanDeRee Auctions before appearing on eBay.
Sotheby’s will offer Alberto Giacometti’s 1955 bronze bust *Grande tête mince (Grande tête de Diego)*, hand-painted by the artist as a tribute to his brother Diego, at its May 13 modern art evening sale in New York with an estimate exceeding $70 million. The 25-inch-tall work, one of six casts, is being sold anonymously through the Soloviev Foundation and comes from the estate of real estate magnate Sheldon Solow. It was exhibited at the 1956 Venice Biennale and spent nearly two decades at the Fondation Maeght before Solow acquired it in 1980. The sale also includes a Piet Mondrian painting estimated at $50 million at Christie’s as part of the Leonard Riggio collection.
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The article humorously critiques the Venice Biennale, highlighting several disappointments. It describes a Japanese pavilion installation by Ei Arakawa-Nash featuring baby dolls for diaper-changing, which a critic dismisses as a male artist over-romanticizing parenthood. Other flops include long queues for the German and Austrian pavilions, underwhelming main exhibition "In Minor Keys," and annoying self-promotional performers outside venues. The piece also laments the presence of loud American collectors and donors who dominate the event.
Große Krise, kleine Gesten
The article reviews the second edition of the Klima Biennale Wien, which opened in early April in Vienna. It notes that while the biennale aims to address the urgent triple crisis of climate change, biodiversity loss, and pollution, its execution falls short. The exhibition features symbolic works such as a beached whale, a broken boat, and a compostable SUV sculpture, but these motifs feel repetitive and lack the necessary impact. The author contrasts these with historical precedents like Menashe Kadishman's 1978 Venice Biennale installation and Joseph Beuys' "7000 Eichen" (1982), arguing that the themes of nature and sustainability are not new, only the urgency has intensified.
"Eine Ära endet, wenn die ihr zugrunde liegenden Illusionen erschöpft sind"
A media roundup covers several art world stories. The Art Newspaper reports that the ongoing Middle East conflict is unsettling the Gulf art market, causing fair postponements and shaking Dubai's image as a stable luxury hub, though galleries emphasize they continue to work. Meanwhile, the search for a new director for Germany's Kulturstiftung Dessau-Wörlitz continues after a protracted legal battle, with applications open until May 31. The New Yorker presents a reading of Johannes Vermeer's quiet scenes as fragile refuges from a violent historical context, while the Berliner Zeitung critiques the global commercialization of Frida Kahlo into a licensed brand.
Tate Modern has announced its 2027 exhibition program, headlined by "Monet: Painting Time," the museum's first-ever solo exhibition dedicated to Claude Monet since it opened 26 years ago. The show, opening February 27, 2027, will feature rarely seen works from global lenders and new research, following an initial presentation at the Musée de l'Orangerie in Paris opening this September to mark the centenary of Monet's death.
Almine Rech is closing her London gallery in Mayfair after more than a decade, as reported by Melanie Gerlis in the Art Newspaper. The space, which opened in 2014 on Savile Row before moving to Grosvenor Hill, hosted exhibitions by artists including Javier Calleja, Chloe Wise, Jeff Koons, and Esther Mahlangu. Rech stated that London remains "important" to her and that she plans to open something in the city in the future, but offered no specifics. The London branch was put into liquidation, with Companies House filings indicating a £6.3 million deficit, though Rech said she owes no money to artists, workers, or suppliers and described the filing as a technical step to restructure a lease. Her gallery will continue operating its other eight locations across Paris, New York, Brussels, Shanghai, Monaco, and Gstaad.
Tokyo-based poet and artist Gozo Yoshimasu has won the inaugural Serpentine x FLAG Art Foundation Prize, receiving £200,000 (approximately $272,000) along with solo exhibitions at Serpentine Galleries in London in fall 2027 and at the FLAG Art Foundation in New York in spring 2028. Yoshimasu, 87, emerged from the avant-garde scene of 1960s Tokyo and is known for blending poetry with performance, photography, audio recordings, and moving image. His work has been featured in the Shanghai Biennale, the Bienal de São Paulo, and major surveys such as “Poet Slash Artist” at Factory International. The prize was selected by a jury including Serpentine artistic director Hans Ulrich Obrist, FLAG Foundation director Jonathan Rider, MoMA curator Michelle Kuo, Museum MACAN director Venus Lau, and artist Rirkrit Tiravanija.
ArtReview editors highlight off-site pavilions and exhibitions at the 61st Venice Biennale, running from 9 May through 22 November 2026. Featured works include Li Yi-Fan's film *Screen Melancholy* at Palazzo delle Prigioni, which uses motion capture and a free-trial videogame engine to explore digital alienation and the 'enshittosphere,' and Roberto Diago's installation *Free Men* at the Pavilion of Cuban Republic, comprising rusted iron heads, fragmented wooden figures, and text works critiquing political oppression in Cuba.
Rachel Ashenden surveys the precarious state of Glasgow's visual arts scene in March 2026, following the liquidation and closure of the Centre for Contemporary Arts (CCA) after years of mismanagement, a winter shutdown in 2024, and a protest by Arts Workers for Palestine Scotland that led to arrests. She visits artists and organizers across the city, including Rae-Yen Song's exhibition at Tramway, which evolved from a research show at the now-closed CCA, and speaks with Transmission co-founder Alastair Strachan about the city's artist-led legacy.
Nicholas Pope, a British sculptor known for his organic, post-minimalist works, has died at age 76. His career unfolded in two distinct acts: an early phase in the 1970s producing roughly-hewn wooden columns like *Oak Tree Column* (1973) and *Drooping Column* (1975), which earned him a spot in the British Pavilion at the 1980 Venice Biennale, followed by a decades-long hiatus after contracting viral encephalitis in Tanzania. He later returned to sculpture with brighter, brasher works in ceramic, glass, and felt, including *The Apostles Speaking in Tongues Lit By Their Own Lamps* (1993–96) and collaborations like *The Conundrum of the Chalices of the Seven Deadly Sins and Seven Virtues* (2015) with James Maskrey.
The 15th Shanghai Biennale, titled 'Code Switching,' has opened at the Power Station of Art (PSA). The exhibition, centered on the theme of what hears and what can be heard, features immersive installations like Allora & Calzadilla's floating yellow synthetic flowers in the atrium, which create a striking yet artificial environment that visitors eagerly photograph. The experience is framed by promotional gestures, such as free manuka honey samples, blurring lines between art, commerce, and audience participation.