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London-based art advisory Princedale Modern, founded by Edward Warburton in 2022, has marked its second anniversary amid significant shifts in the global art market. Warburton discusses the firm's growth, including scaling alongside the U.K. art market's rise to 18% of global share, and highlights attendance at major art fairs in Basel, New York, Miami, and Paris. He notes that while auction house sales at Christie's, Sotheby's, and Phillips have dropped nearly one-third and the overall market contracted by 12%, private sales have risen 14% and online sales remain strong at 17%.

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Hamad Butt, a Young British Artist (YBA) whose career was cut short by AIDS in 1994, is finally receiving a retrospective at Whitechapel Gallery in London, titled “Apprehensions,” on view until September 7. The exhibition highlights Butt’s bio-art installation *Transmission* (1990), which features live flies feeding on sugar paper texts about contagion, alongside glass books lit by ultraviolet lamps. The show reassesses Butt’s subtle, layered work in contrast to the more famous YBAs like Damien Hirst, who debuted a strikingly similar fly piece, *A Thousand Years* (1990), shortly after Butt’s work was first exhibited.

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Art Basel 2025 opened in Basel with VIP previews, featuring a mix of high-priced works like Félix González-Torres's $16 million performance piece and Yu Nishimura's fresh-to-market triptych at €375,000. The fair adapts to a shifting market with lower price points, faster decisions, and new sectors like Premiere for ultra-contemporary art, alongside global expansion including a new fair in Doha. Satellite events like Liste and the Basel Social Club offer alternative experiences, while curated booths, such as Gagosian's 30th-anniversary presentation, blend curatorial idealism with the fair format.

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A new exhibition titled "Presence in Absence: The Art of BTS Chapter 2" opens at Taxa Seoul on June 21, featuring 20 fan artists from around the world whose works celebrate the K-pop group BTS. Curated by Jieun Seo and Yvette Wohn of 25th Hour Collective, the show includes artworks created between 2022 and 2025, a period when BTS members were fulfilling mandatory military service, leading fans to channel their devotion into creative expression. The exhibition highlights diverse styles and media, from solo portraits to surreal scenes, reflecting the global reach of BTS fandom.

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Frieze has announced over 280 exhibitors for its October fairs in London, with around 160 galleries at Frieze London and 120 at Frieze Masters, running concurrently in Regent's Park from October 15 to 19. In auction news, the original Hermès Birkin bag prototype will be sold at Sotheby's Paris on July 10, and Bonhams has appointed Celine Assimon as chief commercial officer. Galleries saw significant moves: Christian Deydier in Paris is closing due to new EU regulations on imported cultural objects, while Carroll Dunham joined Matthew Brown, Cristina Iglesias signed with Hauser and Wirth, and several other artists changed representation. Meanwhile, Tate Liverpool received £12 million in UK government funding plus philanthropic support for its redevelopment, the Royal Academy of Arts named Simon Wallis as its new secretary and chief executive, and the Whitney Museum suspended its Independent Study Program for a year after controversy over censorship of a pro-Palestine performance. The Robert Rauschenberg Foundation made three new appointments, and the Académie de la Grande Chaumière in Paris faces eviction.

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Raymond Saunders's first retrospective, a small but potent exhibition at the Carnegie Museum of Art in Pittsburgh, surveys 35 of his bewitching paintings. The works, described as elusive and Rauschenbergian, feature messy scrawls, collected trinkets, and media clippings, with pieces like *Passages: East, West 1* (1987) layering chess boards, paint strokes, and appropriated still lifes. Saunders, who joined Andrew Kreps and David Zwirner last year, has never before received a retrospective, despite his influential 1967 essay "Black Is a Color" and steady institutional acquisitions.

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This article from Artnet News recaps a series of holiday parties and galas in the New York art world during December 2016. Highlights include the New York Botanical Garden's 18th Annual Winter Wonderland Ball, attended by Anne Hathaway, Tinsley Mortimer, and Andrew Warren; artnet's own holiday party featuring the Bumbys and a magician; ACRIA's 21st Annual Holiday Dinner honoring the Robert Mapplethorpe Foundation and actress Judith Light; and Project for Empty Space's Winter Bacchanal Benefit, which presented the first Badass Art Woman Awards to curators Rujeko Hockley, Rocio Aranda-Alvarado, and Deana Haggag.

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Many artists are rethinking traditional gallery representation, seeking not just sales but also help with copyrights, visibility, and partnerships. Flexible co-representation arrangements are on the rise, with major galleries like Hauser & Wirth launching initiatives like Collective Impact to co-represent rising artists alongside their smaller founding galleries. Some artists are joining agencies or representing themselves, driven by social media's past ability to build direct collector relationships, though its power has recently declined due to algorithm changes.

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This week's art industry roundup covers major personnel shifts, fair announcements, and institutional news. Phillips named Robert Manley chairman for Modern and contemporary art and Miety Heiden chairman for private sales after the departures of Cheyenne Westphal and Jean-Paul Engelen. Art Basel Paris announced 203 galleries for its October fair at the Grand Palais, while Kiaf Seoul will host 176 exhibitors in September. Tony Karman is stepping down as director of Expo Chicago after 14 years. Pace Gallery added Friedrich Kunath, Galerie Nordenhake signed Naufus Ramírez-Figueroa, and Sylvia Kouvali now represents Luigi Zuccheri. Ariel Pittman is launching a new Los Angeles gallery, Official Welcome. The Louvre will return 258 works from Adèle de Rothschild's bequest to the Fondation des Artistes. President Trump dismissed Smithsonian National Portrait Gallery director Kim Sajet over DEI support, though his authority is questioned. The Centre Pompidou announced a new $240 million outpost in Brazil. The Art Institute of Chicago confirmed director James Rondeau will return after a flight incident. The Pérez Art Museum Miami appointed Karen H. Bechtel as board president. Frieze and Deutsche Bank detailed their 2025 Emerging Curators Fellowship. A rare Gustav Klimt portrait of an African prince was offered for €15 million.

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Kenny Schachter's article for Artnet News draws a parallel between President Jimmy Carter's 1977 energy-crisis plea to lower thermostats and the current art-market response to Trump-era tariff turmoil. He reports that the spring 2025 auction cycle generated $1.25 billion, continuing a decade-long decline from the 2014 peak, with bidders spending less and big-ticket sellers stuck. Schachter also promotes his own no-reserve auction, "Hoarder #6," scheduled for July 8–17 at Phillips, and critiques Trump's economic policies and crypto ventures, name-dropping Justin Sun as a major holder of $Trump tokens.

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Maike Cruse, the new director of Art Basel's flagship fair in Basel, is preparing for the 2025 edition opening to VIPs next week. The fair will feature 285 galleries from around the world, including the Unlimited section for large-scale works and a conceptual wheat field by Agnes Denes originally planted at the World Trade Center in 1982, now growing at the Messeplatz. In an interview, Cruse discusses her transition from leading Gallery Weekend Berlin for a decade, the evolution of Basel as an art market hub, and her vision for rejuvenating the fair while maintaining its regional identity.

who is marlene dumas highest selling living woman artist 2645224

At a Christie’s New York 21st-century art sale, Marlene Dumas’s painting *Miss January* (1997) sold for $13.6 million with premium, setting a new auction record for the most expensive artwork by a living woman artist. The work, estimated at $12–18 million, narrowly surpassed the previous record of $12.4 million held by Jenny Saville since 2018. Dumas, a 71-year-old South African painter based in Amsterdam, has built a steady market over decades, with her galleries carefully managing her work to avoid speculation.

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Artnet News's 'Wet Paint' gossip column reports from Frieze Week in New York, noting a prevailing cultural pessimism fueled by essays on the death of culture and the impact of the second Trump administration. Amidst this, Jeff Koons's 'Hulk Elvis' sculptures at Gagosian's Frieze booth (priced at $3 million each, with one sold) offered a perverse relief. The column also highlights the second edition of the Esther art fair at the Estonian House, described as an 'aura fair' prioritizing community and a welcoming environment over strict commercial focus, contrasting with the more predictable Frieze fair.

10 Practical Reasons We Need to Defend the National Endowment for the Arts

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President Donald Trump's administration has renewed efforts to defund the National Endowment for the Arts (NEA), proposing for the fourth consecutive year a budget that would zero out the agency. The Heritage Foundation, a conservative think tank that has staffed the current administration, continues to promote its 1997 report 'Ten Good Reasons to Eliminate Funding for the National Endowment for the Arts' as a key reference in debates. This article, originally published in 2020 and republished in response to these developments, systematically rebuts each of the Heritage Foundation's arguments against the NEA, beginning with the claim that private support alone is sufficient.

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Phillips New York's modern and contemporary evening sale on Tuesday night generated $52 million, a 40 percent drop from the $86 million achieved in the same sale last year. The auction exactly met its pre-sale estimate, but five lots failed to sell and four were withdrawn. Despite the overall downturn, five new records were set for women artists, including Kiki Kogelnik, Ilana Savdie, Olga de Amaral, and Grace Hartigan. The top lot was Jean-Michel Basquiat's *Untitled* (1984) at $6.6 million, followed by works by Ed Ruscha and Donald Judd. Bidding was active for several works, with many going to US buyers, and a painting by Yu Nishimura, newly represented by David Zwirner, sold for more than double its estimate.

from artemisia gentileschi in paris to yoshitomo naras u k debut 9 must see european museum shows in 2025 2578017

Artnet News highlights nine must-see European museum exhibitions opening in 2025, spanning from Amsterdam to Zurich. Featured shows include Noah Davis's first U.K. museum survey at the Barbican in London, a dual Anselm Kiefer exhibition at the Van Gogh Museum and Stedelijk Museum in Amsterdam, Tracey Emin's first major Italian retrospective at Palazzo Strozzi in Florence, and a dedicated Artemisia Gentileschi show at Musée Jacquemart-André in Paris. Other notable exhibitions cover Marlene Dumas, Yayoi Kusama, and Yoshitomo Nara, among others.

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This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

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At the VIP opening of Frieze New York on Wednesday, dealers reported strong sales despite economic uncertainty from Trump administration policies and trade war threats. The fair, recently sold to Hollywood powerhouse Ari Emanuel, returned to the Shed in Hudson Yards with 67 exhibitors. Gagosian Gallery generated the most buzz, selling one of three Jeff Koons Incredible Hulk sculptures—polychromed steel works priced around $3 million each—and placing a hold on another. Other notable sales included works by Tuan Andrew Nguyen, Tomie Ohtake, Sheila Hicks, Liza Lou, and Gertrude Abercrombie, with galleries like James Cohan, Galeria Nara Roesler, Thaddaeus Ropac, Karma, and Hauser & Wirth reporting brisk business.

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Hauser & Wirth has sold its Upper East Side townhouse at 32 East 69th Street for $10.5 million to a developer, ending a decades-long presence in the neighborhood. The property, purchased in the 1990s as a family residence, was renovated by architect Annabelle Selldorf and later used as gallery space from 2009, hosting exhibitions by artists like Pope.L, Anna Maria Maiolino, Luchita Hurtado, and Arshile Gorky. Gallery co-founder Iwan Wirth cited a shift in the family's center of gravity to Chelsea and the business's expansion downtown with new locations on West 18th Street and Wooster Street in SoHo.

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The article previews the upcoming May 2025 marquee art auctions in New York, led by Christie's, Sotheby's, and Phillips. Key consignors include the collection of late Barnes & Noble founder Leonard Riggio and his wife Louise, along with works from Anne and Sid Bass, Tiqui Atencio, Daniella Luxembourg, the estate of Barbara Gladstone, and the San Francisco Museum of Modern Art. Notable lots include Dorothea Tanning's 'Endgame' (est. $1M–$1.5M), Robert Motherwell's 'Elegy to the Spanish Republic No. 160' (est. $3.5M–$5.5M), and Andy Warhol's 'Big Electric Chair' (est. $30M). The article also reveals undisclosed consignors through research, such as the family of Harold and Gertrud Parker for the Tanning work and the Hess Art Collection for the Motherwell.

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Days before a Louise Nevelson sculpture was to be auctioned at Sotheby’s in May 2022, Pace Gallery founder Arne Glimcher declared the work inauthentic, claiming it was assembled by the artist’s son, Mike, rather than by Nevelson herself. The consigner, the estate of collector Hardie Beloff, has now sued Pace Gallery in US District Court for Eastern Pennsylvania, alleging that Glimcher deliberately sabotaged the sale to protect Pace’s control over Nevelson’s market. The lawsuit centers on Glimcher’s call to Sotheby’s, where he warned the work would not be included in a forthcoming catalogue raisonné, and on a 1993 appraisal in which he had valued the same sculpture at $85,000 without questioning its authenticity.

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This week's art industry roundup covers major developments including the sale of Frieze to Hollywood powerbroker Ari Emanuel for $200 million, the opening of Frieze New York amid a cautious market, and the appointment of Alexander Rotter as global president of Christie's. Other highlights include the collapse of a record $32 million Gustav Klimt sale due to restitution issues, Phillips adding country-of-origin details to lot descriptions due to tariff confusion, and gallery moves such as Petzel now representing Tschabalala Self and Hauser & Wirth selling its Upper East Side townhouse for $10.5 million. The Mellon Foundation announced $15 million in emergency funds for state arts councils to offset cuts by the National Endowment for the Humanities.

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Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.

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The Venice Biennale, often called the 'Olympics of the art world,' is spotlighting Latin American art in its 2024 edition. Curated by Adriano Pedrosa, director of the São Paulo Museum of Art and the first South American and openly queer person to hold the role, the exhibition titled 'Foreigners Everywhere' features over 330 artists, with more than 80 having ties to Latin America—about 24 percent of the show, up from 11 percent in 2022. The article examines the market for Latin American art, noting that while auction records exist (e.g., Frida Kahlo's $34.9 million painting), total auction volume for Latin American artists has declined from $388.3 million in 2015 to $245.5 million last year, reflecting a specialized market dominated by a few internationally recognized figures.

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Sotheby's held a landmark evening auction on November 8 featuring 31 works from the collection of Emily Fisher Landau, a noted art patron who amassed around 1,200 works over 102 years. The sale achieved $406.4 million, surpassing its pre-sale estimate of $344.5–$430.1 million and becoming the most valuable auction dedicated to a female collector in history. Highlights included Pablo Picasso's *Femme à la montre* (1932), which sold for $139 million—the second-highest price for a Picasso at auction—and record-breaking results for Agnes Martin's *Grey Stone II* ($18.7 million), Mark Tansey's *Triumph Over Mastery II* ($11.8 million), and Jasper Johns's *Flags* (1986) ($41 million). Other notable sales included works by Cy Twombly, Ed Ruscha, and Andy Warhol's portrait of Landau.

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Philipp Kaiser is leaving Marian Goodman Gallery after more than six years, with his last day on May 2. He will remain as a curatorial consultant as needed. The gallery cited the recent Los Angeles wildfires as a factor in his decision to return to independent curatorial practice. Kaiser joined in 2019, a surprising move given his museum background, and became president and partner in 2021 when founder Marian Goodman stepped back. During his tenure, the gallery opened new spaces in New York and Los Angeles, but also lost major artists Gerhard Richter, Nan Goldin, and William Kentridge to rival galleries.

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Larry Gagosian turned 80 on Saturday, and the art world marked the occasion with two blockbuster exhibitions: a de Kooning show in Chelsea and a Picasso exhibition uptown, curated by Paloma Picasso. This edition of Wet Paint, an Artnet News gossip column by Annie Armstrong, celebrates Gagosian's lesser-known talent for delivering memorable quotes to journalists, despite his legendary elusiveness. The article catalogs some of his most striking lines, including a menacing comment to an employee after the 2008 crash, a Bond-villain-style text to artist Issy Wood, and a six-word response to Jeff Koons leaving for Pace Gallery.

Marian Goodman’s Prized $65 Million Collection Lands at Christie’s

Christie’s has announced the sale of the private collection of the late legendary art dealer Marian Goodman, who passed away in January at age 97. Estimated to bring in approximately $65 million, the collection is headlined by a group of significant works by Gerhard Richter, an artist Goodman championed for four decades. The centerpiece of the auction is Richter’s 1982 painting "Kerze (Candle)," which carries a high estimate of $50 million and will lead a series of dedicated sales in New York this May.

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Robert Mnuchin, an investment banker turned prominent art dealer, died at 92 in Bridgewater, Connecticut. After a 33-year career at Goldman Sachs, he opened C&M Arts in 1992, later partnering with Dominique Lévy to form L&M Arts, and eventually running Mnuchin Gallery. He represented major artists like Willem de Kooning, Andy Warhol, and Mark Rothko, and advised billionaires including Steve A. Cohen and Mitchell Rales. Notably, in 2019 he secured Jeff Koons's sculpture *Rabbit* (1986) for Cohen at Christie's for $91 million, a record for a living artist at auction.

Flock and awe: inside the big changes at Henry Moore’s glorious sheep-filled Hoglands home

The Henry Moore Foundation has reopened the Sheep Field Barn gallery at Moore's former home and studio in Perry Green after a major architectural redesign by DSDHA. The reopening is marked by an exhibition of Moore's seminal Shelter Drawings, created when he first arrived at the estate during the Second World War.