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Sotheby's will auction Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* this fall in New York with a high estimate of $45 million, the highest estimate ever for a Basquiat work from that pivotal year. The painting, never before sold at auction, marks the artist's transition from street artist to international art star. Separately, Art Basel released the exhibitor list for its inaugural fair in Qatar, featuring 87 galleries including heavyweights like Hauser & Wirth, Gagosian, and David Zwirner, with a focus on solo presentations and artists from the Middle East, North Africa, and South Asia.

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Christie's, Sotheby's, and Phillips reported their first-half 2025 auction sales, with Christie's leading at nearly $1.5 billion (down 1.9% year-over-year), Sotheby's at $1.2 billion (down 14%), and Phillips at $190.1 million (down 24.5%). The top lot was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922), sold for $47.6 million from Len Riggio's collection. Separately, the British Museum announced its inaugural ball on October 18, promoted by director Nicholas Cullinan, and Sotheby's opened its first public art exhibition in Abu Dhabi featuring works by van Gogh, Kahlo, and others. UNESCO launched a Virtual Museum of Stolen Cultural Objects, and Heritage Auctions sold part of Guillermo del Toro's "Bleak House" collection for $1.65 million.

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Art Basel Qatar has launched its inaugural edition in Doha, marking a significant expansion of the Swiss fair brand into the Middle East. The event features 87 exhibitors in a unique, booth-less format spread across the M7 and Doha Design District, departing from traditional trade fair aesthetics in favor of a curated, biennial-style presentation. While the opening VIP day saw strong attendance from regional collectors and major international galleries like Hauser & Wirth, the atmosphere was tempered by light initial sales and significant regional geopolitical tensions.

Paint Drippings: Art Industry News February 23

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This week’s art industry roundup highlights major shifts across the global market, including Art Basel’s announcement of 290 galleries for its flagship Swiss fair and Sotheby’s adjustment of its buyer’s premium rates. Significant personnel moves include Devyani Saltzman’s abrupt departure from the Barbican, which sparked an open letter from over 170 cultural figures, and Anne-Claire Legendre becoming the first woman to lead Paris’s Arab World Institute.

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This week's art industry news covers significant developments across fairs, auctions, galleries, and museums. Frieze New York announced its exhibitor list for May, highlighting a strong Central and South American gallery presence. The India Art Fair reported robust sales, with works selling for up to $1.3 million. Sotheby's will auction a major Francis Bacon self-portrait from the Joe Lewis collection, while Christie's is set to sell three masterpieces from Agnes Gund's collection, including a Mark Rothko. Gallery news includes Federica Beretta's return to Opera Gallery and David Zwirner's new representation of painter Louis Fratino. French authorities arrested nine individuals in a ticketing fraud scheme targeting the Louvre and Versailles.

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Christie's will offer three major paintings by Gerhard Richter in its March evening sales in London and Hong Kong. The London sale on March 5 features the 1984 photo-painting 'Schober (Haybarn)', estimated at £6 million, and a 1991 'Abstraktes Bild' abstract work, estimated at £4.5-6.5 million. The Hong Kong sale on March 27 will offer a larger 1991 'Abstraktes Bild', estimated at HK$78-98 million ($10-13 million), coinciding with Art Basel Hong Kong.

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Museums across the United States are presenting a series of major exhibitions featuring Black artists in conjunction with Black History Month. Highlights include the final stop of Noah Davis's first museum show at the Philadelphia Museum of Art, a major retrospective of self-taught artist Minnie Evans at Atlanta's High Museum, a thematic group show of Black women artists at the Banneker-Douglass-Tubman Museum, a long-overdue South Carolina retrospective for 92-year-old artist Leo Twiggs at the Gibbes Museum, and a survey of Tavares Strachan's work at the Los Angeles County Museum of Art.

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The Hirshhorn Museum and Sculpture Garden has launched the "50 for 50" loan program, a landmark initiative to disperse over 200 artworks from its collection to museums in all 50 U.S. states and Puerto Rico. Major works by artists like Jackson Pollock, Georgia O'Keeffe, and Willem de Kooning will be loaned for up to five years, with a focus on reaching underserved and rural communities.

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Singapore's Art SG fair featured a new pavilion called South Asian Insights, backed by India's TVS Motor Company, showcasing contemporary art from South Asia. The pavilion, which included eight galleries and featured a tapestry by Raqib Shaw sold to a Japanese collector, was crowded and highlighted the rising market for South Asian art.

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The Asia-Pacific art scene saw significant activity across multiple sectors. Art SG reported increased attendance and sales, while the SAM Art SG Fund acquired works for the Singapore Art Museum. JD.com announced plans for a major new museum in Shenzhen, and several appointments and award winners were named across the region. Auction houses Bonhams Hong Kong and Sotheby's Singapore posted strong sales results, with the latter setting new artist records.

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Artnet News lists 10 immersive installation artworks that are creepy enough to double as haunted houses for Halloween. Featured works include Alex Da Corte's "Die Hexe" (2015) at Luxembourg & Dayan, which transformed a townhouse into a ghostly dollhouse with a morgue; Mike Kelley's "Exploded Fortress of Solitude" (2011) at Hauser & Wirth, a sculptural interpretation of Superman's lair; Jonah Freeman and Justin Lowe's "Scenario in the Shade" at Red Bull Studios, a dystopian arts festival installation; Tobias Rehberger's "Bar Oppenheimer" (2013) at Hotel Americano, featuring disorienting dazzle camouflage patterns; and Puppies Puppies' "Gollum" at Queer Thoughts, where an actor in a Gollum mask performs live.

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At the opening of San Francisco's FOG Design and Art fair, prominent collector Komal Shah navigated the crowded aisles, stopping to chat with a who's who of the Bay Area art scene, including FOG founder Stanlee Gatti, ICA San Francisco director Ali Gass, and SFMOMA director Christopher Bedford. Shah, known for her collection focused on women artists, was scouting works with a handwritten list, considering pieces by Ruth Asawa and Joan Brown, though she passed on a $425,000 Asawa sculpture. The fair's gala serves as a fundraiser for SFMOMA, and Shah's collection is currently on view at the Berkeley Art Museum and Pacific Film Archive in the exhibition "Making Their Mark: Works from the Shah Garg Collection."

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Artnet News has published a preview of major museum exhibitions scheduled across the United States in 2026, highlighting five standout shows. These include "Renaissance to Runway: The Enduring Italian Houses" at the Cleveland Museum of Art, which examines the intersection of fashion and art from the Renaissance to today; "The One-Two Punch: 100 Years of Robert Colescott" at the Tacoma Art Museum, celebrating the centenary of the artist known for his provocative figurative paintings; "Containing Multitudes" at the Minneapolis Institute of Art, a photography exhibition marking America's 250th year; and "Frida: The Making of an Icon" at the Museum of Fine Arts, Houston, focusing on Frida Kahlo's enduring legacy.

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David Hockney has publicly condemned the planned loan of the Bayeux Tapestry from France to the British Museum, calling the transport of the 950-year-old, 224-foot-long embroidered chronicle across the English Channel “madness” and an unnecessary risk. Writing in an op-ed for The Independent, the 88-year-old artist warned that moving the fragile artifact—which has nearly 10,000 holes and 30 tears—could cause irreversible damage such as fiber contraction, expansion, or color fading. The tapestry is scheduled for a 10-month loan to the British Museum later this year, and despite a £800 million insurance scheme and assurances from museum director Nicholas Cullinan, Hockney remains unconvinced, noting that a museum representative who met with him had not read his book "Secret Knowledge." The tapestry has already been moved from the Bayeux Museum to a secret storage facility, its first relocation in 40 years.

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Artnet Pro's 'The Asia Pivot' newsletter previews the 2026 Asian art market, highlighting a hopeful recovery after signs of improvement in late 2025. Key events include Art SG in Singapore (hosting S.E.A. Focus for the first time), the inaugural Art Basel Qatar in February, and Art Basel Hong Kong in March. Auction houses will align spring sales with these fairs. The article also notes regional shifts: South Korea's Art Asia partners with KINTEX for a new fair in India, Hong Kong's Kwai Fung Hin opens in Singapore, and Shanghai's Antenna Space expands to Hong Kong. Japan's Prime Minister Sanae Takaichi meets with artist Takashi Murakami to promote culture abroad, while geopolitical tensions with China threaten cultural exchanges.

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Barbara Chase-Riboud, now 86, reflects on her transformative 1958 trip to Egypt, which she undertook on a dare as a 19-year-old student at the American Academy in Rome. The journey, during which she explored the pyramids and temples of Luxor and Karnak alone, profoundly influenced her artistic practice, leading her to create abstract bronze sculptures that evoke ancient Egyptian forms. The article traces her remarkable career as a sculptor and writer, highlighting her many firsts: the first Black female artist acquired by MoMA (at age 16), the first Black woman to earn an MFA from Yale, the first living female artist to have a solo show at the Metropolitan Museum of Art, and the only visual artist to appear on the cover of Ebony.

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Artnet News rounds up eight major controversies that shook the art world in 2025, including a brazen theft of crown jewels from the Louvre Museum in Paris, which exposed severe security gaps and led to a staff strike. Another key scandal involves a lawsuit filed by heirs of the Stern family against the Metropolitan Museum of Art and the Basil and Elise Goulandris Foundation, alleging that a Van Gogh painting was looted by the Nazis and later concealed through a series of transactions in New York.

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Artnet News's 'The Asia Pivot' reflects on its 2025 coverage, highlighting the expansion of Asia's art scene beyond traditional East Asian markets into emerging regions such as the Gulf, South Asia, and Central Asia. Key developments include the debut of the Bukhara Biennial in Uzbekistan, the opening of the Almaty Museum of Arts in Kazakhstan, and the flourishing art scene in Thailand with new private museums like Dib Bangkok. The report also covers major markets like China, Japan, and South Korea, noting the impact of geopolitical dynamics and market shifts.

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Jenny Saville, the British painter known for her monumental depictions of flesh, is the subject of her first major U.S. museum exhibition, "Jenny Saville: The Anatomy of Painting," now on view at the Modern Art Museum of Fort Worth, Texas. The show, which previously opened at London's National Portrait Gallery in June, brings together 45 works from across her career, including charcoal drawings and large-scale oil paintings. In a rare interview, Saville discusses seeing older works like *Plan* again and how the Fort Worth museum's architecture suits her largest canvases. The exhibition runs through January 2026, ahead of a major 2026 showcase in Venice.

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The article reports on the upcoming Art Basel in Miami Beach and the improved mood in the art market, driven by strong auction results. Sotheby's emerged as the clear winner over Christie's in the fall 2024 auctions, achieving over $2.2 billion in total sales across Sotheby's, Christie's, and Phillips. Key consignments included the Leonard Lauder Collection, featuring a record-making Klimt, a Frida Kahlo that became the highest-selling work by a woman artist, and Maurizio Cattelan's golden toilet. The article credits Sotheby's move into the Breuer building—formerly home to the Whitney, the Met, and the Frick—for enhancing the presentation and aura of the previews.

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Artnet Pro has published a roundup of nine artists whose markets it appraised in depth during 2025, including Dorothea Tanning, Gertrude Abercrombie, Emily Kam Kngwarray, Jack Whitten, and Olga de Amaral. The article highlights key market developments for each artist, such as record auction prices, growing international recognition, and shifts in collector interest, drawing on data and expert commentary from dealers, auction-house specialists, and advisors.

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Shanghai Art Week 2025 featured two major art fairs, West Bund Art and Design and Art021 Shanghai, alongside numerous satellite exhibitions and events across the city. The author navigated the sprawling metropolis by public bike, visiting highlights including “Artist’s Treat,” a cluster of 11 exhibitions organized by artist Xu Zhen in a repurposed French school, and Blunt Society, an artist-run space showing works by Ma Lingli and Alex Müller. The week was marked by a cautiously optimistic market mood, with dealers reporting better-than-expected sales and new initiatives like Art021’s SVIP preview for serious collectors.

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Jenna Burlingham Gallery, founded in 2010, moved in 2021 from a small mid-terrace building in Kingsclere to a historic compound called Rope Yard in Hampshire, England. Instead of a conventional white cube, the gallery's interiors are designed and furnished like a home, with works by Modern British and contemporary artists displayed alongside antiques across 4,000 square feet of viewing space. The gallery recently celebrated its 15th anniversary, and founder Jenna Burlingham discussed the evolution of the space, its mission to present art in an approachable yet academic way, and its growing international client base despite its rural location.

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A judge at London's Kingston Crown Court sentenced Larry Fraser to 13 months in jail for stealing a Banksy print of the iconic *Balloon Girl* image from Grove Gallery in September 2024. Fraser, who pleaded guilty, used a hammer to break a glass door and stole the print in 36 seconds, hoping to pay off a drug debt. The Metropolitan Police's Flying Squad recovered the artwork within days after Fraser and accomplice James Love stashed it on the Isle of Dogs. Love was acquitted by a jury, claiming he was unaware of the theft until after the fact.

The village where Van Gogh spent his final days celebrates its most distinguished visitor

An exhibition titled "Van Gogh, Influencer: Legacies in Motion" has opened at the Château of Auvers-sur-Oise, the village near Paris where Vincent van Gogh spent his final 70 days and died by suicide in July 1890. The show, running until 3 January 2027, features nearly a hundred works by artists influenced by Van Gogh, including Léonide Bourges, Charles-François Daubigny, and Léo Gausson, though no original Van Gogh paintings are included. Curated by Wouter van der Veen, the exhibition explores visual parallels and stylistic contrasts between Van Gogh’s iconic works—such as *Church at Auvers* and *Wheatfield with Crows*—and those of his contemporaries and followers.

Paying tribute to storied printmaker Kenneth Tyler at the IFPDA Print Fair

The International Fine Prints and Drawings Association (IFPDA) Print Fair at the Park Avenue Armory is honoring the legacy of master printer Kenneth E. Tyler. A central highlight of the event is the presentation by the National Gallery of Australia (NGA) of a new three-volume catalogue raisonné documenting Tyler Graphics from 1986 to 2001. The 94-year-old Tyler, a foundational figure in American printmaking, collaborated with titans of Modern art including Robert Rauschenberg, Helen Frankenthaler, and Roy Lichtenstein across his storied career at Gemini GEL and Tyler Graphics.

Closure of DePaul Art Museum leaves collection in limbo

DePaul University has announced the permanent closure of the DePaul Art Museum (DPAM) effective June 30, citing a projected $27.4m budget deficit for 2026. Despite an open letter signed by over 3,000 students and faculty, the administration is moving forward with the shutdown of the $7.8m facility that has served as a cultural anchor since 2011. Director Laura-Caroline de Lara had successfully raised funds to keep the museum operational through the current season, but the university's leadership remains committed to the closure as part of a broader cost-cutting initiative.

Jasper Johns Keeps Looking

Jasper Johns’s latest exhibition at Gagosian, 'Between the Clock and the Bed,' serves as a profound meditation on the artist's career-long investigation into the 'things the mind already knows.' By revisiting his signature motifs—including flags, targets, and crosshatch patterns—the show highlights Johns’s rejection of Abstract Expressionist spontaneity in favor of a deliberate, analytical process using encaustic and collage. The works document a transformation where familiar symbols are rendered into a complex visual language that bridges the gap between memory and physical presence.

New US exhibition explores power of monuments – with help from Rocky

The Philadelphia Museum of Art has opened a new exhibition titled "Rising Up: Rocky and the Making of Monuments," which uses the iconic Rocky Balboa statue as a focal point to explore the power and meaning of monuments across two millennia of boxing and celebrity culture. Curated by Paul Farber, co-founder of Monument Lab, the show features ancient sculptures, 19th-century works, images from boxing's golden age, and contemporary pieces by artists including Andy Warhol, Keith Haring, Jean-Michel Basquiat, and Glenn Ligon. The Rocky statue, placed on the museum's steps in 1982, attracts an estimated 4 million visitors annually, rivaling the Statue of Liberty.

From Lee Cronin’s The Mummy to Zayn: your complete entertainment guide to the week ahead

From Lee Cronin’s The Mummy to Zayn: your complete entertainment guide to the week ahead

British artist Michaela Yearwood-Dan is launching her first UK institutional solo exhibition at The Whitworth in Manchester. The immersive installation blends painting, ceramics, sound, and poetry to explore complex themes of colonial history, religious institutions, and the journey toward personal and collective liberation.