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Anxious collectors are increasingly turning to freeport havens, experts say

Rising tariffs, geopolitical instability, and extreme weather events are driving art collectors to move valuable items into secure, tax-friendly freeports, particularly in Switzerland. Experts Alexandre Ducamp of Natural le Coultre and Fritz Dietl of Delaware Freeport report a significant increase in clients over the past three years, citing the war in Ukraine, multiple ongoing conflicts, and President Trump's April 2025 'Liberation Day' tariffs as key factors. Collectors are using freeports in Geneva, Zurich, Basel, and Chiasso, as well as foreign trade zones in Delaware, to delay or avoid import duties on items like design furniture, antiques, and Chinese-origin artworks, with some purchases being cancelled due to new tariffs.

Location, location, location: behind the Art Basel floor plan beef

Air de Paris, a veteran contemporary gallery that has exhibited at Art Basel since 1999, announced its withdrawal from the upcoming edition after a dispute over its assigned stand. Co-founders Florence Bonnefous and Edouard Merino made their exit public by posting emails online via Provence, a French publishing house, calling the stand assignment process “brutal and unfair.” Art Basel’s chief artistic officer Vincenzo de Bellis defended the decision, noting that 58 galleries had their stands moved this year due to the launch of a new section called Premiere and the need to improve visitor flow and aesthetic dialogue between exhibitors.

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ArtTactic's Global Art Market Outlook report indicates that the art market is entering 2026 with renewed optimism, with over half of participants expecting growth. Auction sales rose 11% year-on-year in 2025, driven by high-value trophy works and single-owner collections. Confidence is strongest at the top (works over $1 million) and bottom (under $50,000) of the market, while the mid-market remains squeezed. Modern and Post-War art lead the rebound, with painting dominating over NFTs and AI art. Geographically, the Middle East is the most bullish region, boosted by events like Art Basel Qatar, while the US and parts of Asia show improving sentiment, and Europe lags.

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NFT Paris and its sister event RWA Paris have been canceled just one month before they were scheduled to take place at the Grande Halle de la Villette in Paris. Founder Alexandre Tsydenkov announced the cancellation on LinkedIn, citing the collapse of the crypto and NFT markets as making the events financially impossible despite drastic cost cuts. Both conferences had run for four years, showcasing digital art, NFT galleries, and AI-generated works, but had recently shifted toward broader tech and blockchain topics. All tickets will be refunded.

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Qatar is planning to build the Gulf region's largest full-service fine art storage and logistics facility, developed by QC+ (a strategic partner of Art Basel Qatar and Qatar Sports Investments) in collaboration with Gulf Warehousing Company Q.P.S.C. The facility, located near Hamad International Airport in a designated free zone, will offer art preservation, storage, conservation, and viewing rooms, allowing artworks to be stored and traded outside customs territory. The announcement follows Qatar's broader art infrastructure expansion, including a planned museum of international modern and contemporary art and the upcoming Art Basel Qatar fair.

Swimming pools and school rules: artist Chan Wai Lap on the unusual themes behind his installations

Hong Kong artist Chan Wai Lap is presenting several projects tied to Art Basel Hong Kong, including a commissioned jacuzzi-like seating installation called 'Mimimomo Pool' for UBS and an exhibition titled 'Jeremy’s Bathhouse' at the Oi! arts complex. His work explores the visual order and social rules of regulated aquatic spaces like public swimming pools and bathhouses, translating observations of tiled surfaces, lane markings, and behavioral codes into drawings and installations.

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Art Basel Qatar is set to proceed as scheduled in early February despite heightened Gulf tensions following U.S. and U.K. troop reductions near Doha. Dealers and visitors remain cautious, with some delaying travel plans, while Iran's temporary airspace closures have disrupted flights. Organizers say they are continually evaluating the security environment and remain committed to delivering a successful inaugural edition.

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Artnet News editor Kate Brown interviews Marc Spiegler, former global director of Art Basel (2007–2022), to analyze the state of the art market entering 2026. The article reviews a turbulent 2025: galleries closed, buying energy dried up, some fairs shrank, and the secondary market faltered, though the hype-driven speculation of previous years receded. By late 2025, signs of recovery emerged—successful fall auction weeks in New York and a stronger-than-expected Art Basel Miami Beach—and both Christie’s and Sotheby’s reported upticks in projected revenue for the year.

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Far-right political blogger Curtis Yarvin has floated a proposal to take over the U.S. pavilion at the Venice Biennale with an "art ho"–themed exhibition centered on Titian's painting *The Rape of Europa* (1559–62). Yarvin discussed the idea in a New Yorker profile and promoted it in a YouTube video, which includes AI-generated imagery and a fake press release. He also reportedly rented a flat near Art Basel in Switzerland to host a party announcing the proposal. The article dismisses the initiative as a troll and a bid for MAGA cultural credibility, noting its lack of real momentum or institutional backing.

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Art Basel 2026 confirmed that the global art market remains a buyer's market, with sales occurring across various price brackets. A new generation of collectors is emerging, driven by curiosity, community, and long-term engagement rather than speculation. Meanwhile, former Sotheby's executive Adam Chinn has quietly built the art lending firm International Art Finance, backed by the Nahmad family.

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Art Basel is launching a new fair in Doha in February 2026, marking its fifth global edition and a strategic expansion into the Gulf region. The move is backed by Qatar Sports Investments and QC+, a commercial arm of Qatar Museums, reinforcing Qatar’s cultural ambitions while placing the country in direct market competition with Dubai and a rising Saudi Arabia. Additionally, Sotheby’s has sold the most valuable trove of Old Master works ever offered in a single auction, and there have been more high-profile shifts from auction houses to private dealerships.

Slawn and Opake Open 'Heroes, Villains, & Violence' Joint Exhibition in Miami

Slawn and Opake have opened a joint exhibition titled “Heroes, Villains, & Violence” in Miami, timed to coincide with Art Basel. The show explores themes of heroism, villainy, and violence through imagery from comics, film, and media, including Iron Man, Captain America, Snow White, and the Mad Hatter. Boxing serves as a recurring motif, with a real boxing ring hosting Miami fighters Uly “Monster” Diaz and Bryan “El Gallo” Duran during the opening. The exhibition runs through Dec. 31 at The Art of Hip Hop.

Inside Overtown’s 'Everyday People,' the Soul Basel exhibit celebrating Black art and community

The 'Everyday People' exhibition, part of Miami's Soul Basel celebration, has opened in Overtown across three venues: the City of Miami Black Police Precinct Courthouse and Museum, the Overtown Performing Arts Center, and The OVRTWN Corner. Featuring over 80 artworks by Black artists from around the world, the exhibit is curated by Terrance Cribbs-Lorrant, executive director of the Black Police Precinct Museum, and Elijah Rashaed, a curator from the Dayton, Ohio NAACP. The show includes historic works from the Miami Black Art Workshop, a pioneering 1970s collective that helped ignite South Florida's Black visual arts movement, and will run through March 2026.

Soul Basel 2025 turns historic Overtown into a Miami Art Week stage

Soul Basel, a signature cultural showcase rooted in Miami's Historic Overtown, returns December 2–7, 2025, spotlighting the art and heritage of the African diaspora. The event features exhibitions, performances, and community activations across multiple locations including the 9th Street Pedestrian Mall, Black Archives Lyric Plaza, and Brightline MiamiCentral, with highlights such as the Miami MoCAAD 10th Anniversary Exhibition and the Everyday People Exhibit.

Artist whose work addresses art world access is not in Basel—because his visa was denied

Zimbabwean artist Richard Mudariki, creator of the Art World Passport project, was denied a visa by the Swiss embassy in Pretoria to attend the Africa Basel art fair in Switzerland. The project, which sells physical booklets at art events for attendees to document their experiences, symbolically addresses barriers faced by artists from the global South in accessing Western institutions. Mudariki had planned to debut the project in Europe at Africa Basel but was forced to appear via video link after the visa rejection, citing unreliable documentation for his stay.

Art Basel Hong Kong: Injecting Energy Into the Art Fair Experience

A four-person curatorial team has organized the Encounters section of Art Basel Hong Kong around the classical elements of water, fire, earth, and ether. This thematic approach structures the presentation of large-scale installations and sculptural works within the fair.

Filipa Ramos takes on 2027 Lofoten Festival

Filipa Ramos has been appointed curator of the 19th edition of the Lofoten International Art Festival, set to take place across the Norwegian arctic archipelago in June 2027. Ramos, a curator and writer who teaches at the Institute Art Gender Nature of the Academy of Art and Design FHNW in Basel, is known for ecologically-focused research that reimagines human-animal-environment relationships. She authored *The Artist as Ecologist* (2025) and is currently organizing the LOOP Festival in Barcelona and the symposia series *The Shape of a Circle in the Mind of a Fish*, created with Lucia Pietroiusti.

Colnaghi, world's oldest gallery, to open Saudi Arabian outpost

Colnaghi, the world's oldest surviving art dealership founded in 1760, will open a new outpost in Riyadh, Saudi Arabia, following a deal worth 10 million Saudi riyals (around £2 million) with the Saudi private equity firm Sarat Investment Holding. The gallery, which specializes in Old Masters, antiquities, and pre-20th century art, already has locations in London, New York, and Madrid. The opening date has not been announced, but the move marks the first time an Old Master gallery has entered the Saudi market, a surprising development given that most art sales in the kingdom focus on Modern and contemporary works.

How can art fairs become greener?

Art fairs face significant sustainability challenges due to their temporary nature. Untitled Art in Miami Beach, held in a tent on the beach, works with environmental departments to ensure zero impact, reusing its tent annually. Fairs in permanent venues like Art Basel Miami Beach at the LEED Silver-rated convention center must manage temporary walls, energy use, and waste. Exhibitors struggle with high carbon emissions—art fair activities account for a third of a gallery's annual emissions—and waste from packing materials. Shipping constraints often force reliance on air freight over slower, greener options like ocean or rail, especially for last-minute, high-value consignments. The competitive, secretive atmosphere further hinders consolidated shipments and sustainable practices.

Art month 2026: all the art exhibitions to see in Hong Kong outside Art Basel

Hong Kong's art scene is preparing for a massive influx of programming to coincide with the 2026 edition of Art Basel Hong Kong. Beyond the main fair, major institutions and private galleries across the city—from M+ and the Hong Kong Museum of Art to the gallery hubs in Central and Wong Chuk Hang—are staging flagship exhibitions to capture the international audience.

‘Crossing Lines’ exhibition in Design District brings South African art to North Texas

A new exhibition titled 'Crossing Lines: Contemporary Voices from Zimbabwe & South Africa' has opened in the Dallas Design District, showcasing work by three artists—Lloyd Maluleke, Nothando Chiwanga, and Pardon Mapondera. The show is a collaboration between DHV Artworks and the Indibano Art Residency, a Dallas-based program founded by Zimbabwean-born arts advocate Bukekile Dube. The artists explore themes of identity, movement, cultural boundaries, and ecology through mediums including painting, printmaking, photography, mixed media, and recycled materials.

These 5 Gen Z Collectors Are Rewriting the Rules of the Art World

Five Gen Z art collectors are profiled, revealing their distinct approaches to acquiring art. They prioritize direct relationships with artists, often via social media, and favor emerging and digital art, with many focusing on artists from their own generation and diverse backgrounds.

Suzann Victor installation lights up Art Basel Hong Kong

Singaporean artist Suzann Victor has unveiled a major installation at Art Basel Hong Kong, showcasing her signature blend of large-scale spectacle and deep conceptual inquiry. The Sydney-based artist, recognized as a pioneer of contemporary art in Southeast Asia, utilizes her multidisciplinary practice to challenge viewers to confront the enduring psychological and cultural impacts of postcolonialism.

Valuing the Invisible Art Market

A new report from UBS and Art Basel, authored by Dr. Clare McAndrew, reveals that the global art market reached an estimated $67.8 billion in 2023, marking a 4% increase from the previous year. The growth was primarily driven by the high-end segment, with sales over $10 million rising by 11%, while the lower and middle markets experienced a decline.

Here are the exhibits honoring Black art and culture during Miami Art Week

During Miami Art Week 2025, multiple exhibitions and events are spotlighting Black art and culture. Highlights include the Point Comfort Art Fair + Show at the Historic Ward Rooming House, themed "Life & Times of Frederick Douglass," with a special installation hosted by former NBA star Alonzo Mourning. Soul Basel returns to Historic Overtown with exhibitions at the Center for Black Innovation and the Black Archives Lyric Plaza, featuring Marcus Blake's "In Art We Trust." The Art of Transformation showcase in Opa-locka explores "At the Edge of Entanglement," while Revolt Art Fair returns for its second year at Ice Palace Studios with over 50 Black artists. Additionally, historian Nadege Green's installation "The Power of Her Hands: Black Washerwomen in Early Miami" is on view at YoungArts Gallery.

Farewell, Jerry Gogosian—or is it?

Hilde Lynn Helphenstein, the creator of the popular Instagram satirical persona Jerry Gogosian, announced she was ending the account after seven years and over 152,000 followers. The account was known for its sharp commentary on blue-chip dealers and art fair management, and helped launch other projects including a Sotheby's show in 2022 and a signing with Hollywood talent company UTA. Helphenstein told The Art Newspaper she wants to write a TV series like "White Lotus" or "Succession" set in the art world, and aims to work for MCH Group and eventually Art Basel.

Is Contemporary Art’s Most Important Fair Losing Its Luster?

The New York Times examines whether Art Basel, widely regarded as the world's most important contemporary art fair, is experiencing a decline in influence and appeal. The article cites recent editions where attendance dipped, sales slowed, and major galleries expressed concerns about rising costs and diminishing returns, questioning the fair's continued dominance in the global art market.

Auudi Dorsey: Self Esteem and 2D Surrealism

Artist Auudi Dorsey's recent exhibition, 'What's Left, Never Left,' at the Jonathan Carver Moore gallery in San Francisco, focuses on Black leisure and collective joy through paintings of Lincoln Beach in New Orleans. The works, which depict Black families and community members, use a surrealist visual vernacular to archive and celebrate Southern Black experiences and the building of self-esteem.

Hong Kong artist inspired by swimming pools invites you to slow down

Hong Kong artist Chan Wai-lap is making waves this month with two major installations centered on his signature motif of public swimming pools and bathhouses. His latest projects include 'Mimimomo Pool (2026)', a commission by UBS for Art Basel Hong Kong, and 'Jeremy’s Bathhouse', a solo exhibition at the Oi! art space in North Point. The latter features over a thousand ceramic tiles and objects created in collaboration with artisans from Jingdezhen, transforming a greenhouse-like venue into a Japanese-style communal bath.

Art Basel exhibitors will show ‘the most ambitious works’ despite economic headwinds

Art Basel will host nearly 290 galleries from around the world in Basel, Switzerland, from June 19-22, 2025. Director Maike Cruse expresses confidence in the art market's resilience despite a 12% decline in global art sales last year, citing an uptick in transactions in the middle and low market segments and a surge of new, younger collectors. The fair introduces a new section called Premiere, dedicated to ultra-contemporary works made within the past five years, featuring ten galleries and two first-time Art Basel participants. New EU tax breaks on art purchases, including Germany's VAT reduction from 19% to 7%, could boost sales for the roughly half of exhibitors based in the bloc, though the threat of US tariffs under President Donald Trump creates uncertainty.