The Art Market Year in Review

The art market experienced a turbulent 2025, beginning with a 12% decline in sales from 2024, following a 3% drop in 2023, as reported by the Art Basel and UBS Global Art Market Report. Major auction houses Christie’s, Sotheby’s, and Phillips saw average sales fall 6% in the first half of the year. However, the market rebounded by autumn, with strong sales at London and Paris art fairs and a 15% year-on-year increase in auction sales at the three main houses by December, according to Pi-eX. Key events included Sotheby’s failed sale of Alberto Giacometti’s *Grand tête mince* in May, followed by a record-breaking $236 million sale of Gustav Klimt’s *Portrait of Elisabeth Lederer* in November, and a $31.4 million record for François-Xavier Lalanne’s *Hippopotame Bar*.

Comment | Why Frank Gehry was the ultimate artist’s architect

Frank Gehry (1929-2025) is remembered as the ultimate artist's architect, a figure whose career was deeply intertwined with the visual arts. The article highlights his lifelong friendships with numerous Los Angeles artists, his design of exhibitions for them, and his creation of iconic art museums like the Museo Guggenheim Bilbao (1997) and the Fondation Louis Vuitton in Paris (2014). Gehry believed his buildings offered artists a strong alternative to the white cube, and he renovated museums such as the Geffen Contemporary at MOCA and the Philadelphia Museum of Art with a remarkably light touch. His early exposure to art through a ceramics course with Glen Lukens at USC helped steer him toward architecture.

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.

Why Hong Kong is one of the greatest places in the world to buy art

Hong Kong has overtaken London to become the world's second-largest contemporary art auction market, according to ArtTactic. The city's commercial art scene is bolstered by outposts of top international galleries like Hauser & Wirth, Gagosian, Pace, and David Zwirner, as well as a successful annual Art Basel fair. Major auction houses including Sotheby's, Phillips, and Bonhams operate significant spaces there, with Sotheby's selling a Claude Monet for $65.5 million in Hong Kong in 2024. The city's art calendar peaks during March's Art Month, which hosts both Art Basel Hong Kong and Art Central.

Pipilotti Rist: 4th Floor to Mildness

Pipilotti Rist's major installation *4th Floor to Mildness* has opened at the Portland Art Museum's Crumpacker Center in its West Coast premiere and only second U.S. exhibition. The immersive work features underwater film projected onto two biomorphic screens, a soundtrack by experimental musician Soap&Skin/Anja Plaschg, and raft-like beds for visitors to lie on while experiencing floating imagery and moving light circles. The exhibition was adapted from its original 2022 presentation at the New Museum in New York, with local production partners including Portland Garment Factory and Figure Plant contributing to the installation.

Art Collaboration Kyoto holds its most global edition yet

Art Collaboration Kyoto (ACK) opened its fifth edition at the Kyoto International Conference Center, running until 16 November. The fair, launched in 2021 to connect Japanese and international galleries, has grown to a record 72 exhibitors, half from overseas. Special exhibitions are staged at historic temples across Kyoto, including shows by Isabella Ducrot at Kousei-in, Carrie Yamaoka at Manshu-in, and Shio Kusaka with Jonas Wood at Ryosoku-in. Sales were strong on opening day, with galleries like KAYOKOYUKI, Kurimanzutto, Mendes Wood DM, and TARO NASU reporting brisk transactions.

The Broad Sets Yoko Ono’s First SoCal Solo Exhibition ‘Yoko Ono: Music of the Mind’ for 2026

The Broad museum in Los Angeles will present 'Yoko Ono: Music of the Mind' in spring 2026, marking the artist's first solo museum exhibition in Southern California. Organized in collaboration with Tate Modern, London, the show spans Ono's seven-decade career across visual art, music, and activism, featuring participatory works like 'Wish Trees for Los Angeles' on the East West Bank Plaza and materials from her peace campaigns with John Lennon, including 'Acorn Event' (1968) and 'Bed Peace' (1969).

Your Go-To Guide to All the Art Fairs in Paris This Week

Paris is hosting a busy week of art fairs, headlined by Art Basel Paris returning to the Grand Palais from October 24–26, 2025, under outgoing director Clément Delépine. The fair features 206 galleries across three sections, public programs at nine iconic venues including an inflatable Kermit the Frog by Alex Da Corte and a participatory installation by Harry Nuriev, and a talks series hosted by Edward Enninful. Satellite fairs include Design Miami Paris at L’Hôtel de Maisons, the dealer-run 7 Rue Froissart co-founded by Brigitte Mulholland and Sara Maria Salamone, and others like Paris Internationale and Asia Now.

5 Must-See Comic Art Shows Lighting Up New York

New York Comic Con returns to the Javits Center from October 9–12, 2025, bringing a pop culture celebration of comics, toys, video games, and cosplay. This year's edition features a special panel by the Lucas Museum of Narrative Art, moderated by Martin Scorsese with artists JR, Boris Vallejo, and Julie Bell. Meanwhile, the late fantasy artist Frank Frazetta set a new record for comic art with a $13.5 million sale at Heritage Auctions. Beyond the convention, several exhibitions across the city highlight comic art, including "¡Wepa! Puerto Ricans in the World of Comics" at the New York Public Library and "Super Duper" at the Metropolitan Opera House, which features works by Art Spiegelman, George Condo, and Dana Schutz.

Despite external chaos, Frieze Seoul soldiers on

The fourth edition of Frieze Seoul (3-6 September) took place alongside the Korea International Art Fair (Kiaf) at the Coex convention centre in Gangnam, amid economic concerns and a slower art market. Despite a modest 0.8% expected growth in South Korea's economy and fewer Western exhibitors, the fair saw strong institutional attendance, including curators from M+, the Museum of Modern Art, and the San Francisco Asian Art Museum, as well as celebrity visitors like BTS members and Blackpink's Lisa. Galleries reported cautious but steady sales, with a notable presence of Asian collectors, particularly from Japan, and a Stand Prize awarded to Kohesi Initiatives for a politically charged booth by Timoteus Anggawan Kusno.

Baltimore Museum of Art to Host Amy Sherald Show After Artist’s Smithsonian Withdrawal

Amy Sherald has moved her touring exhibition "American Sublime" to the Baltimore Museum of Art (BMA) after withdrawing it from the National Portrait Gallery (NPG) over censorship concerns. The show, previously at the Whitney Museum of American Art, will open at the BMA on November 3 and run until April 5, 2026. Sherald pulled the exhibition from the Smithsonian-affiliated NPG after she said the institution wanted to replace her painting "Trans Forming Liberty" (2024), which depicts the Statue of Liberty as a trans woman, with a video providing context on transgender issues. The BMA, which had already planned to honor Sherald with its "Artist Who Inspires" award, will feature works including her portrait of Michelle Obama, "Breonna Taylor" (2020), and the contested painting.

An Incomparable Art Exhibition

Lana Jokel, a documentary filmmaker known for 18 films about contemporary art, has put her personal art collection on view at the Bridgehampton Museum’s Nathaniel Rogers House in an exhibition titled “Echoes & Nostalgia.” The show features around 100 works from artists including Andy Warhol, Ed Ruscha, Roy Lichtenstein, Jasper Johns, and John Chamberlain, many of which were gifts from the artists themselves. Jokel’s collection reflects her deep personal relationships with these figures, such as Warhol paying her with a "Flowers" series work for co-editing his film "Heat" (1972), and Jasper Johns creating custom pieces for her. The exhibition also includes works by Sven Lukin, with whom she had a long-term relationship, and a portrait by Ed Ruscha made during their romantic partnership.

Hauser & Wirth Heads to Palo Alto as Mega-Galleries Target Silicon Valley

Hauser & Wirth has announced plans to open a new gallery in Palo Alto, California, in spring 2026. The location, a historic former post office at 201–225 Hamilton Avenue, will offer 2,600 square feet of exhibition space, a bookshop, and a program of talks and events. Designed by architect Luis Laplace, it will be the gallery's sixth U.S. outpost and its third in California, joining existing spaces in downtown Los Angeles and West Hollywood. The expansion comes as the broader art market faces contraction, but mega-galleries continue targeting wealthy collector hubs like Silicon Valley.

Highlights from Art Basel 2025

Art Basel returned to Basel for its 55th edition in June 2025, featuring 289 top international galleries from 42 countries and territories. The fair attracted 88,000 visitors, including collectors, curators, and representatives from over 250 museums and foundations. Highlights included Arturo Kameya's storytelling installation at GRIMM in the Statements section and Lothar Hempel's series of painted aluminum works at Anton Kern Gallery in the Kabinett sector, alongside large-scale installations in Unlimited and public projects in Parcours.

9 Must-See Museum Shows Across the U.S.

The article highlights nine must-see museum exhibitions across the United States for summer 2025, offering escapes from heat and virtual travel through art. Featured shows include "Lisa Yuskavage: Drawings" at the Morgan Library and Museum (June 27, 2025–January 4, 2026), the first comprehensive museum presentation of her drawings; "Gustave Caillebotte: Painting His World" at the Art Institute of Chicago (June 29–October 5, 2025), featuring over 120 works including the recent Musée d'Orsay acquisition *Boating Party*; and "Anicka Yi" at the Museum of Fine Arts, Houston (June 29–September 7, 2025), showcasing the bio-tech artist's imaginative works on karmic debt.

New venue for video, sound and other durational art forms coming to Manhattan

A new nonprofit venue for durational art, Canyon, will open on Manhattan's Lower East Side in 2026. Founded by philanthropist Robert Rosenkranz through the Rosenkranz Foundation, the 40,000-square-foot adaptive reuse space is overseen by Joe Thompson, founding director of Mass MoCA. Designed by architecture firm New Affiliates, Canyon will feature 18,000 square feet of galleries for video and audio, a 60-foot-tall central plaza, a 300-seat performance hall, bars, a cafe, and a restaurant. Cass Fino-Radin joins as director of art and technology, with Sam Ozer as curator-at-large. Planned programming includes a retrospective of Ryoji Ikeda and a group exhibition curated by Hans Ulrich Obrist titled "Worldbuilding."

Art Basel 2025: Masterpieces, new galleries, and swimming the Rhine

Art Basel 2025 will feature a large-scale public artwork by Katharina Grosse transforming Basel's Messeplatz, along with a new sector called Premiere for mid-career galleries, the inaugural Art Basel Awards, and 20 first-time exhibitors. Director Maike Cruse highlights major works on offer, including a late-career Pablo Picasso painting at Pace, a Joan Mitchell abstract at Pace, Helen Frankenthaler's 'Swan Lake I' at Yares Art, Leonora Carrington's rare triptych at Di Donna Galleries, and a Heidi Bucher latex imprint at Lehmann Maupin. The Unlimited sector will present 67 monumental works, including Martin Kippenberger's 'Transportable Subway Entrance' and daily performances by Cairo-based dance collective nasa4nasa.

8 Must-See Solo Gallery Shows in June

Galerie magazine has curated a list of eight must-see solo gallery shows across the United States for June, featuring artists from New York to Los Angeles. Highlights include Will Cotton's fantasy paintings of cowboys and mermaids at Templon in New York, Salman Toor's narrative works depicting gay South Asian diaspora life at Luhring Augustine, and Beverly Fishman's hybrid sculptural paintings addressing the pharmaceutical industry at Miles McEnery Gallery.

Rachel Whiteread in a West Sussex woodland: UK’s Goodwood Art Foundation opens

The Goodwood Art Foundation, a new non-profit contemporary art center, has opened on the Goodwood Estate in West Sussex, UK, launched by Charles Richmond, 11th Duke of Richmond. The 70-acre site, reimagined by landscape designer Dan Pearson, features refurbished pavilions, a new restaurant by Studio Downie Architects, and a launch season curated by Ann Gallagher. The headline exhibition includes sculptures and photography by Turner Prize-winning artist Rachel Whiteread, alongside works by Rose Wylie, Veronica Ryan, Susan Philipsz, Amie Siegel, Lubna Chowdhary, Isamu Noguchi, and Hélio Oiticica. The foundation opened on 31 May.

Basquiat's monumental work on paper sells for US$16.3m, leading Sotheby's contemporary sale in New York

On May 15, Sotheby's held The Now and Contemporary Evening Sale in New York, achieving a total of US$127.1 million. The top lot was an untitled 1981 work on paper by Jean-Michel Basquiat, which sold for US$16.3 million after a five-minute bidding battle. The sale included 41 lots with a 92.6% sell-through rate, and all nine works from the collection of Roy and Dorothy Leichtenstein were sold, contributing US$29 million to the total.

Sotheby’s Closes Marquee Week With $186.1M in Contemporary Sales

Sotheby’s closed its May marquee auction week with $186.1 million in combined contemporary sales across three sessions on May 16. The evening began with a white-glove sale of 12 works from Barbara Gladstone’s personal collection, fetching $18.8 million, followed by a $40.4 million sale from Daniella Luxembourg’s collection, which signaled revived appetite for Italian postwar art. The main Contemporary Evening Auction saw strong bidding for emerging artists like Danielle Mckinney and Mohammed Sami, though some high-profile lots like Richard Prince’s Man Crazy Nurse fell short of estimates.

Tentatively, Photo London's tenth edition moves away from traditional content and crowds

Photo London's tenth edition, under new director Sophie Parker, opened at Somerset House with a deliberate shift away from its traditional focus on established male photographers and celebrity subjects like Kate Moss. The fair eliminated its 'Master of Photography' award and revived the Positions section for unrepresented artists, featuring Palestinian-American Adam Rouhana and British Indian photographer Kavi Pujara. While the main pavilion still showcased familiar names like Sebastião Salgado, newer galleries reported strong early sales, including a £10,000–£15,000 portrait by Chou Ching Hui sold to a Norwegian museum via Taipei's Chini Gallery, and multiple sales at Amsterdam's Hungry Eye Gallery and Paris's Galerie XII.

The Art Market Defies Doom and Gloom With Independent, Esther and Future Fair in Full Swing

New York City is hosting an unprecedented concentration of art fairs this week, with over nine fairs running simultaneously, including Independent, Esther, and Future Fair. Independent, held at Spring Place in Tribeca, opened on May 8 and is positioning itself as a boutique, hyper-curated alternative to mega-fairs like Frieze, featuring mostly solo presentations. Early sales were reported by several galleries: Europa sold works by Suyi Xu ($9,000–$20,000), Long Story Short sold six works by Keita Morimoto (up to $26,000), Charles Moffett nearly sold out his booth of Julia Jo ($10,000–$45,000), The Approach sold four works by John Maclean ($13,500 or less), and Copperfield presented works by Ada Patterson ($8,000–$23,000).

Regional strength helps insulate Art Dubai from tariff-related turbulence

Art Dubai, running until 20 April, opened as the first major art fair since US President Trump announced global tariffs that nearly triggered a financial crisis. Sales were solid, with most works priced in the low six figures or thousands, insulating the fair from market anxieties. A divide emerged between regional SWANA galleries—which presented the strongest booths—and international galleries from the US, Europe, and Latin America, which seemed uncertain about what to bring. Notable sales included works by Rana Begum, Mehdi Ghadyanloo, Ali Cherri, and Shaikha Al Mazrou, while galleries like Sfeir-Semler, Vigo Gallery, and Experimenter reported strong results.

Silvestre Pestana’s LED Signs Give Language Charge

Silvestre Pestana, a Portuguese artist and poet, is presenting a solo exhibition of his LED text-based works at Galeria Quadrado Azul in Porto. The show, titled 'Silvestre Pestana: The Light of Words', features his pioneering 'Poemas Pornográficos' (Pornographic Poems) from the 1980s and newer LED pieces that transform language into pulsating, illuminated objects.

Hong Kong Marquee Art Sales Total $164.9 M., Up 18 Percent From Equivalent 2025 Auctions

Christie's, Phillips, and Sotheby's spring marquee auctions in Hong Kong generated a combined $164.9 million, an 18% increase from the equivalent sales in spring 2025. The auctions, strategically timed to coincide with Art Basel Hong Kong, saw strong demand for trophy works, with Christie's leading the season at $83.8 million. Key sales included a Gerhard Richter painting for $11.77 million and a Sanyu work for $8.17 million, while Sotheby's sold a Joan Mitchell painting for $17.6 million, the season's top lot.

A mapping of all the intersections between the 2026 Venice Biennale and the fashion world

Una mappatura di tutti gli intrecci tra la Biennale di Venezia 2026 e il mondo della moda

The article maps the growing intersection between fashion brands and the 61st Venice Biennale in 2026, detailing specific collaborations. Zegna is the main sponsor of the Italian Pavilion, supporting Chiara Camoni's project "Con te con tutto" curated by Cecilia Canziani, using materials from Zegna's Oasi Zegna and Lanificio. Bottega Veneta renews its partnership with Pinault Collection to support Lorna Simpson's exhibition "Third Person" at Punta della Dogana, curated by Emma Lavigne, and also presents a public intervention at Campo Manin. Swatch celebrates 15 years of the Swatch Art Peace Hotel with the exhibition "Flora Fantastica" at the Giardini Reali, featuring artist Elisa Insu. The newly opened Fondazione Dries Van Noten at Palazzo Pisani Moretta debuts with "The Only True Protest Is Beauty," curated by Dries Van Noten and Geert Bruloot.

Guggenheim Museum Appoints Melissa Chiu as Next Director

The Solomon R. Guggenheim Museum has appointed Melissa Chiu as its new director, effective September 1. Chiu joins the New York flagship after a 12-year tenure at the Smithsonian’s Hirshhorn Museum and Sculpture Garden, where she was credited with doubling attendance and significantly increasing fundraising. Her appointment is part of a leadership restructuring by Guggenheim Foundation Director and CEO Mariët Westermann, who will shift her focus toward the foundation's international outposts, including the upcoming Abu Dhabi location.

Nat Faulkner: The Stuff of Photography

Artist Nat Faulkner has opened a new exhibition at Camden Art Centre featuring works that explore the physical and chemical foundations of photography. The show includes large-scale photographic pieces like 'Aqua Fortis' and sculptural works such as 'Aperture (Iodine)', which uses iodine solution in skylight panels to bathe the space in amber light, alongside silver-plated 'Analogue' reliefs created through electroplating.

Rubens Under Construction at the Louvre

Rubens en chantier au Louvre

The Louvre Museum has launched a major four-year restoration project for the monumental 24-canvas 'Cycle of Marie de Médicis' by Peter Paul Rubens. The initiative, funded by the Société des Amis du Louvre with a budget of 4 million euros, aims to restore the works' chromatic power and stabilize their fragile paint layers. The Medici Gallery will close to the public in May, though some stages of the process will be viewable.