How the wealth transfer from Boomers to their children will shake up the art market

The article examines how the transfer of wealth from Baby Boomers to younger generations is reshaping the Australian art market. As Boomers downsize or pass away, their tightly held collections—featuring artists like Grace Cossington Smith, Howard Arkley, and Brett Whiteley—are entering auction houses, creating rare buying opportunities. Meanwhile, younger collectors (Gen X, Millennials, Gen Z) face economic uncertainty, leading to a softening in the ultra-contemporary market and a decline in NFTs. New models of online and agency representation are bypassing traditional galleries, and galleries themselves are undergoing generational change, with some closing and others like Ames Yavuz and D'Lan Contemporary expanding.

Discover Highlights from the 2025 Aspen Art Fair

The 2025 Aspen Art Fair returns to the Hotel Jerome for its second edition, running through August 2, with over 40 exhibitors from more than 15 countries. The fair has more than doubled in size from its inaugural year, now featuring 44 galleries, curated projects, conversations, and cultural programming. Highlights include a solo exhibition by Marc Dennis at Harper’s, featuring works inspired by the 1990 Isabella Stewart Gardner Museum heist, and Marjorie Strider’s Pop Art relief paintings at Galerie Gmurzynska. The fair is part of Aspen Art Week, which also includes the Aspen Art Museum’s ArtCrush Gala and Auction, Anderson Ranch Arts Center conversations, and public art projects.

Female artists and new buyers breathe life into the art market

The global art market contracted by 12% in 2024, falling to an estimated $57.5 billion in sales from its 2022 peak, according to the Art Basel and UBS Art Market Report 2025 compiled by Dr. Clare McAndrew. Despite the overall decline, the number of transactions grew by 3%, driven by a broadening collector base and increased engagement with more affordable works. The report highlights a surge in interest in female artists, with galleries raising their representation to 41%, and notes that art fairs remain the most common entry point for new buyers. The Aotearoa Art Fair, opening May 1-4 at Auckland's Viaduct Events Centre, exemplifies these trends with strong Indigenous and Pacific representation, emerging artist platforms like Horizons 2025, and affordable works under $5,000 from established galleries such as Gow Langsford Gallery.

Fresh blood for an ancient medium: 10 young painters to watch this spring

This article profiles ten young painters to watch this spring, highlighting their innovative approaches to the ancient medium of painting. Featured artists include British painter Francesca Mollett, whose abstractions have exceeded market expectations with works like 'Two Thistles' fetching over GBP 250,000 at auction; Samuel Hindolo, whose mysterious figurative and abstract paintings have caught the attention of critic Hilton Als; and Stanislava Kovalčíková, whose provocative mythological works were exhibited at Aspen Art Museum and who runs the independent space The White Ermine in Düsseldorf. Other artists mentioned include Evelyn Plaschg, who transforms mundane objects into unsettling meditations, with a solo museum exhibition opening at HALLE FÜR KUNST Steiermark.

Coveted Rothko From Robert Mnuchin’s Collection Nets $85.8 Million in New York

A major Mark Rothko painting, *Brown and Blacks in Reds* (1957), from the collection of the late financier and dealer Robert Mnuchin, sold for $85.8 million at Sotheby’s New York, becoming the second-highest price ever achieved for the artist at auction. The work, estimated at $70–100 million, was part of an 11-lot sale dedicated to Mnuchin’s collection, which also includes works by Willem de Kooning, Pablo Picasso, and Franz Kline. A phone bidder won the painting, with Helena Newman, chairman of Sotheby’s Europe, handling the bid.

Because the Ego Suddenly Dissolves

"Weil das Ego sich plötzlich auflöst"

The art world is facing significant structural and political shifts, highlighted by the merger of Artnet and Artsy which has resulted in mass layoffs, particularly within the Artnet News editorial team and its Berlin operations. Simultaneously, tensions are rising in German cultural policy as gallery owner Rupert Pfab raises concerns over government interference in the Stiftung Kunstfonds jury selection, reflecting a broader climate of unease that includes recent controversies at the Berlinale.

AI Helps UK Researchers Identify Unknown Subject in Hans Holbein Drawing as Anne Boleyn

Researchers Karen L. Davies and Hassan Ugail used artificial intelligence facial recognition to analyze two Hans Holbein drawings from the Royal Collection Trust. Their study, published in npj Heritage Science, suggests that a portrait previously labeled as Anne Boleyn actually depicts her mother, Elizabeth Howard, while a drawing cataloged as an unidentified woman is the true likeness of Anne Boleyn. The findings challenge long-held identifications based on 18th-century inscriptions and align more closely with contemporary descriptions of Boleyn as slender with dark hair.

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Artist Gretta Louw reflects on her year-long residency with the e-David robotic painting lab at the University of Konstanz, part of the Embodied Agents of Contemporary Visual Arts (EACVA) research group. She describes how the public conversation around AI and robotics in art is inflated and imprecise, noting that terms like "AI painting" are often misapplied to digital outputs rather than physical, materially executed works. Louw details the limitations of robotic painting, including the inability of robots to perform basic tasks like stretching canvases or mixing paints, and argues that much of what is presented as robotic painting is actually pre-programmed performance art.

Lisbon’s Culturgest appoints Raphael Fonseca as visual arts programmer

Raphael Fonseca has been appointed as the new visual arts programmer at Culturgest in Lisbon, the cultural foundation of the Portuguese bank Caixa Geral de Depósitos. He will relocate to Lisbon in June while transitioning to a curator-at-large role at the Denver Art Museum, where he currently serves as curator and head of the Department of Modern and Contemporary Latin American Art.

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Sotheby’s London achieved a rare "white-glove" result during its spring modern and contemporary evening sale, with every lot finding a buyer. The auction totaled £131 million ($175 million), representing a 110 percent increase over the previous year's equivalent sale. High-profile successes included a record-breaking £5.2 million sale for Leon Kossoff’s "Children’s Swimming Pool" and strong performances for works by Andy Warhol and Josef Albers, largely driven by prestigious consignments like the Lewis Collection.

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Sotheby's London will auction four major works from the Lewis Collection in its March 4 Modern and Contemporary evening sale. The highlights include a 1972 self-portrait by Francis Bacon, two portraits by Lucian Freud, and a rare swimming pool scene by Leon Kossoff, all representing the School of London movement.

In major auction night, rare Klimt painting smashes records at $236.4 million

Sotheby's held its first sale at its new US headquarters in New York, where Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million, becoming the most valuable work of modern art ever sold at auction and the most expensive artwork ever sold by Sotheby's globally. The record-breaking 20-minute bidding war also saw strong results for works by Edvard Munch ($35.1 million) and a Klimt landscape ($86 million), while the evening's total reached $706 million. However, two top lots by Kerry James Marshall and Barkley L. Hendricks failed to sell, and Maurizio Cattelan's gold toilet "America" drew only a single bid from Ripley's Believe It or Not! for $12.1 million.

Sotheby’s Posts $433 Million Haul, as Trophy Lots Continue to Carry the Market

Sotheby's May 2025 evening auctions in New York generated $433.1 million, a 132.7% increase over the same sales last spring, despite offering fewer lots. The evening featured an 11-lot sale from the collection of the late banker-turned-dealer Robert Mnuchin, which alone brought in $166.3 million, led by Mark Rothko's "Brown and Blacks in Reds" (1957) selling for $85.8 million. The main contemporary art auction, including "The Now" sale, totaled $266.8 million, with over 80% of lots guaranteed. Four works went unsold and one was withdrawn, yielding a 91% sell-through rate.

Max Levai Bets on Scale—and Himself—with New Chelsea Gallery

Max Levai, former president of Marlborough Gallery, is opening a new 7,000-square-foot flagship gallery in Chelsea this fall at 529 West 20th Street. This marks his first permanent New York space after years of operating through pop-ups and international projects. He is sharing the building with the gallery 47 Canal, run by Oliver Newton, in an arrangement where two independent galleries will coexist under one roof, sharing costs but maintaining separate programs.

What Every Collector Should Know About Buying Performance Art

Artsy Editorial explores the complexities of collecting performance art, explaining that ownership typically involves acquiring documentation, scores, or rights to reactivate a performance rather than the live event itself. The article outlines how artists, dealers, and collectors navigate transactions for this ephemeral medium, addressing the challenges of preservation, display, and market value.

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The Association of International Photography Art Dealers (AIPAD) has announced the 77 galleries and dealers participating in its 2026 Photography Show, set for April 22–26 at New York's Park Avenue Armory. The exhibitor list includes established names like Edwynn Houk Gallery and Yancey Richardson, alongside first-time participants such as Ruiz-Healy Art and Leica Gallery New York. A new 'Focal Point' section for solo presentations will be introduced, and the fair aims for greater gender parity, with a third of exhibitors being women-led or founded.

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Art Palm Beach returns for its fourth edition from January 28 to February 1, 2026, at the Palm Beach County Convention Center. The fair features a mix of returning and first-time galleries from the U.S. and abroad, including Gefen Gallery (San Francisco), Onessimo Fine Art (Palm Beach), Oliver Sears Gallery (Dublin), and John Martin Gallery (London). Highlights include Hollis Taggart’s presentation of John Knuth’s fly paintings, Pontone Gallery’s showcase of Matteo Massagrande, and Provident Fine Art’s retrospective ‘Sylvester Stallone: Evolution.’ For the first time, the DIVERSEartPB program presents a large-scale, biennial-style installation curated by Marisa Caichiolo, featuring Chilean artist Eugenia Vargas-Pereira’s participatory work AGUAS (1991).

Black Designers as Fine Artists: Fashion Meets Sculpture

The article from Ebony.com explores the intersection of fashion and fine art, highlighting how Black designers are increasingly being recognized as fine artists whose work bridges clothing design and sculpture. It profiles several contemporary Black designers who create garments that function as sculptural objects, exhibited in galleries and museums rather than solely on runways. The piece examines how these creators challenge traditional boundaries between fashion and art, using materials and techniques that elevate their work into the realm of fine art.

Gustav Klimt portrait sale breaks modern art record

Gustav Klimt's portrait of Elisabeth Lederer sold for $236 million (£180 million) at Sotheby's in New York, setting a new record for the most expensive work of modern art ever sold at auction. The painting, completed between 1914 and 1916, depicts the daughter of Klimt's most important patrons and was part of the collection of the late cosmetics billionaire Leonard Lauder, who had purchased it in 1985. The sale took place during Sotheby's first evening sale at its new Manhattan headquarters, with bidding starting at $130 million and narrowing to two contenders before the hammer fell at $236 million.

Sotheby’s Shatters Records at Its Breuer Debut as a $236.4M Klimt Leads the $706M Evening Sale

Sotheby's held its debut evening sale at the Breuer building in New York on November 18, achieving a record-breaking $706 million total. The highlight was the white-glove auction of Leonard A. Lauder's collection of 20th-century masterpieces, which alone brought $527.5 million. Gustav Klimt's portrait *Bildnis Elisabeth Lederer* (1914-16) sold for $236.4 million, setting a new record for the artist and for Sotheby's Modern category. The evening also included a strong Contemporary sale led by Maurizio Cattelan's golden toilet at $12.1 million, with active bidding from Asian collectors.

Record $236.3m Klimt leads Sotheby’s first night of auctions in Breuer Building

Sotheby's first evening auctions in its new Manhattan headquarters, the former Whitney Museum building designed by Marcel Breuer, achieved a record total of $605.1 million ($706 million with fees) on November 18. The night was headlined by the sale of 24 works from the collection of the late billionaire Leonard Lauder, which alone brought in $456.2 million. The standout lot was Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer, 1914-16)', which sold for $205 million ($236.3 million with fees) after a nearly 20-minute bidding war, becoming the second-most-expensive painting ever sold at auction. A subsequent contemporary art auction added $148.8 million ($178.5 million with fees) across 44 lots.

Inside Pauline Karpidas’s Legendary Surrealist Collection Bound for Auction

The legendary Surrealist collection of the late Pauline Karpidas, a renowned art patron and collector, will be auctioned at Sotheby's London in September 2025. The sale spans approximately 250 lots from her eccentric London home, featuring masterworks by René Magritte, Leonora Carrington, Salvador Dalí, Max Ernst, and Les Lalannes. The collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's Europe. Highlights include Magritte's 'La Statue volante' (1940–41), estimated at £9–12 million, and works acquired directly from the estates of Surrealist figures like André Breton and Paul Éluard.

María Jesús Valenzuela: Winter Flowers

MARÍA JESÚS VALENZUELA: FLORES DE INVIERNO

María Jesús Valenzuela presents her solo exhibition "Flores de Invierno" (Winter Flowers) at Galería NAC in Santiago, Chile. The exhibition showcases a multidisciplinary approach to the natural world, featuring hand-embroidered cotton paper, color pencil drawings, and fine art photography. Valenzuela’s work acts as a contemporary field notebook, documenting landscapes ranging from the mangroves of Caddo Lake to the forests of Curaumilla, utilizing both ancient techniques like embroidery and modern digital printing.

parties moma ps1 50th anniversary

MoMA PS1 kicked off its 50th anniversary year with an intimate cocktail event at the Tribeca townhome of board member Michi Jigarjian, hosted by the museum's patron group the Greater New Yorkers. Over 100 guests—including artists, collectors, dealers, and curators—gathered for remarks from Director Connie Butler, Chief Curator Ruba Katrib, and co-chairs Leslie Fritz, Ed Tang, and Amitha Raman, followed by a performance by experimental cellist Dorothy Carlos. Attendees received a first look at the upcoming quinquennial exhibition "Greater New York 2026," which will feature over 50 New York-based artists, with a partial list including Farah Al Qasimi, Fields Harrington, Hardy Hill, Sofia Sinibaldi, and Julia Wachtel.

Basquiat's intense works on paper are at the center of his first exhibition in Denmark

Le intense opere su carta di Basquiat sono al centro della sua prima mostra in Danimarca

The Louisiana Museum of Modern Art in Humlebæk, Denmark, is hosting "Headstrong," a retrospective of 50 works on paper by Jean-Michel Basquiat, running until May 17. The exhibition focuses on Basquiat's depictions of the human head and body, created between 1981 and 1983, and first shown posthumously in 1990. It is the first solo museum presentation of Basquiat in Scandinavia, featuring loans from private collections and international museums, highlighting a lesser-known aspect of the artist's practice.

The Cape Ann Museum’s Newest Exhibition, Avery, Gottlieb & Rothko: By the Sea, Coincides With the Reopening of the Museum’s Main Campus

The Cape Ann Museum has opened a landmark exhibition titled "Avery, Gottlieb & Rothko: By the Sea," featuring 82 works by Milton Avery, Adolph Gottlieb, and Mark Rothko. The show explores the artists' formative summers on Cape Ann in the 1930s and '40s, where they escaped New York City and developed a deep artistic camaraderie. The exhibition coincides with the reopening of the museum's main campus after 20 months of renovations, and will travel to The Phillips Collection in Washington, D.C. in October—the first time a Cape Ann Museum-organized exhibition tours to a national museum.

In Chelsea, Canal 47 and Max Levai Are Betting On Collaboration

New York gallery 47 Canal is relocating from SoHo to a 7,000-square-foot flagship at 529 West 20th Street in Chelsea, sharing the space with London dealer Max Levai. Founded by Oliver Newton and Margaret Lee in 2011, the gallery will maintain its own identity and exhibition program while coordinating schedules with Levai to create a more active environment. The renovated space, designed by IDSR Architecture, features two exhibition levels and will host longer exhibition runs, talks, performances, and events.

Exhibitions Coming to Houston Institutions in Summer 2026

Art museums and institutions across the Greater Houston area are opening a series of new exhibitions for summer 2026. Highlights include the Czech Center Museum Houston's solo show of travel photography by Clarice Marik Snokhous; Art League Houston presenting Marisol Valencia's installation "No Longer, Not Yet" and Juvana Soliven's "Subject to Surviving"; Houston Center for Photography featuring Simon Silva's "Madre Patria"; the Contemporary Arts Museum Houston launching the first survey of Mary Ellen Carroll's work; and the Moody Center for the Arts at Rice University hosting Masako Miki's first Texas exhibition.

Amazonia Açu

Americas Society in New York will present 'Amazonia Açu,' an exhibition opening September 3, 2025, that offers a kaleidoscopic view of Amazonian aesthetic, cultural, and material diversity. Curated by Keyna Eleison and a committee of representatives from all nine Amazonian states—Bolivia, Brazil, Colombia, Ecuador, French Guiana, Guyana, Peru, Suriname, and Venezuela—the show features over 50 works by 34 local artists and collectives, addressing themes such as artistic production, land rights, cultural heritage, and spirituality.

What to See During New York's Asia Art Week

Asia Week New York begins, bringing a concentrated series of exhibitions, auctions, and lectures across the city dedicated to the art and material culture of Asia and its diaspora. The ten-day event features highlights including a selling exhibition of Indian-American artist Zarina at Sotheby's, a showcase of Indian and Persian miniature paintings, a condensed survey of 250 years of Japanese woodblock prints, and a contemporary group show exploring Korean diasporic identity.