WTF Is an “A-Corp”?

Hyperallergic's daily newsletter announces that Noah Fischer's comic "Prospect Heights Ghost Story" won a 2026 New York Press Club Award, thanks to collaboration with the Economic Hardship Project (EHRP). The edition also covers anti-Trump guerrilla protest art in Washington, D.C., including an arcade game titled "Operation Epic Furious: Strait to Hell" that satirizes the White House's foreign policy. Other stories include Ridgewood, Queens emerging as a new art hotspot, a feature on Francisco de Zurbarán's religious paintings, and Paddy Johnson's guide to what an "Artist Corporation" (A-Corp) is and whether artists should start one. The newsletter also reports that the Belgian Pavilion at the Venice Biennale closed on May 8 as part of cultural workers' strike for Palestine, and that nearly half of the artists in the international exhibition plus 22 national pavilions withdrew from awards consideration in solidarity with the jury's resignation.

Private Sales Are Surging as Auction Houses Lean into Exclusive, Experience-Led Selling

Sotheby's and Christie's are increasingly turning to private, invitation-only sales to move high-value artworks, bypassing the traditional auction model. Sotheby's recent "The Apartment" exhibition in London, featuring works by David Hockney, George Condo, and Jean-Michel Basquiat, sold half its $40 million inventory before the public even saw it. Christie's reported that its three most expensive paintings sold in 2025 were all private transactions, with the house trading $1.5 billion privately last year—nearly a quarter of its global sales.

Which Country’s Art Market Came Out on Top in 2025?

The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.

The Prints Market Is Having a Moment—Driven by New Collectors and a Taste for the Historic

The prints and multiples market is experiencing a significant transformation, driven by an influx of new collectors and a shift in taste toward historically significant works. Artnet Auctions data shows that 50% of prints and multiples lots sold between 2020 and 2025 went to first-time buyers on their platform. This surge in demand is coinciding with major events like the IFPDA Print Fair and Artnet's own Premier Prints and Multiples sale, which features works from modern masters like Frank Stella and Jeff Koons.

These Artists Dominated Auction Sales in 2025

The article presents a data-driven analysis of the top-performing artists at auction in 2025, highlighting specific works and their record-breaking sales. J.M.W. Turner re-entered the top ranks with a $11.9 million sale, while Jean-Michel Basquiat dominated the contemporary category with a $48.3 million result for his painting 'Crowns (Peso Neto)'. Other notable sales included works by René Magritte, David Hockney, and the ultra-contemporary artist Matthew Wong.

Art trade stays buoyant amid global turmoil

Major London auction houses Sotheby's and Christie's posted strong results in early March, with their Modern and contemporary art evening sales raising £131m and £197m respectively. These figures represented significant increases over the previous year, with high sell-through rates, despite concurrent geopolitical turmoil in the Middle East. Key lots included Francis Bacon's 'Self Portrait' selling for £16m and Henry Moore's 'King and Queen' achieving a record £26.3m.

How Pharrell’s Joopiter Is Redefining What an Auction House Can Be

Pharrell Williams launched his own auction platform, Joopiter, after finding traditional auction houses ill-suited to sell his collection of fashion, jewelry, and timepieces. The platform has rapidly expanded from single-owner sales into a multi-category auction house, handling luxury goods, sports memorabilia, pop culture artifacts, and contemporary art, with a recent headline lot being a $5 million Triceratops skeleton named Trey.

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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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Calvin Tomkins, the legendary New Yorker writer who chronicled the contemporary art world for over six decades, has died at the age of 100. Joining the magazine's staff in 1960, Tomkins became the preeminent profiler of his era, translating complex aesthetic shifts and avant-garde movements into accessible, witty, and insightful prose. His career-defining focus on art began unexpectedly in 1959 with a chance interview with Marcel Duchamp, sparking a lifelong fascination with the creative process.

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Christie’s London has announced its Modern British and Irish Art sale scheduled for March 18, featuring a curated selection of 26 works. The auction is led by Frank Auerbach’s "Christmas Tree at Mornington Crescent," estimated at up to £2 million, alongside significant sculptures by Lynn Chadwick and Barbara Hepworth. Other notable entries include a monumental bronze by Chadwick titled "Back to Venice" and a 1986 painting by Bridget Riley.

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Tobias Berger, a veteran curator who held senior roles at Hong Kong’s M+ and Tai Kwun, has transitioned from the public sector to lead two new private initiatives: Serakai Studio and the Tanoto Art Foundation. Ahead of Art Basel Hong Kong, Berger is launching "Gold," an experimental salon space in Wong Chuk Hang that merges contemporary art with design and fashion. These roles mark a shift toward agile, privately funded cultural models that prioritize regional focus and experimental programming over the bureaucratic structures of large public museums.

Gerhard Richter Supports New Admission Fee for Cologne Cathedral

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Cologne Cathedral, Germany’s most-visited landmark and a UNESCO World Heritage site, has announced it will begin charging tourists an admission fee starting this fall. The decision comes as the institution faces rising operating costs and depleted financial reserves following the pandemic, despite its recent surge in popularity on platforms like TikTok.

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In 2025, art fairs and auction houses have deepened their integration with luxury brands, with Sotheby's and Christie's reporting that luxury items like handbags, jewels, and watches now account for a significant share of revenue—roughly a third at Sotheby's, with private luxury sales surging 350% year-on-year. Art fairs such as Frieze London and Art Basel's global editions have moved beyond traditional sponsorship, embedding luxury partners like Tiffany & Co., Ray-Ban, Stone Island, and De Beers into curated sections, mentorship programs, and immersive installations. Industry figures like Marc Spiegler and Emily Glazebrook emphasize that the most successful collaborations prioritize artists over brands, with initiatives like UBS's Unlimited sector and the Chanel Culture Fund serving as models.

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Guy Wildenstein has resigned as president of Wildenstein & Co., the prestigious art gallery founded by his family in 1875, after 35 years in the role. He is succeeded by his son David Wildenstein, who previously served as vice president overseeing investment and real estate, while his daughter Vanessa Wildenstein becomes vice president and director of the New York location. The announcement was made to the Art Newspaper, which first reported the news. Wildenstein, 80, was convicted of tax fraud in 2024 in a high-profile French case involving the concealment of masterworks to avoid inheritance taxes, receiving a four-year prison sentence with house arrest and a €1 million fine.

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ArtTactic's year-end report reveals that the global art auction market rebounded to $4.55 billion in 2025, an 11.1% increase from 2024. Sotheby's saw a 17% sales jump and Christie's a nearly 7% rise. Historic single-owner sales, including estates of Leonard Lauder, Cindy and Jay Pritzker, and Pauline Karpidas, drove recovery with $884.9 million in total. Old Masters, Impressionist, and modern art surged 42.3% year-on-year, while contemporary and post-war art lagged. The trophy market (works over $10 million) grew 19.4% to $1.48 billion, led by Impressionist art up 80.4% to $1.04 billion, fueled by three Gustav Klimt canvases from the Lauder collection.

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Christie’s Global President Alex Rotter discusses the auction house’s strong November sales, which brought in $690 million across two evening sales in New York, with sell-through rates exceeding 96%. In an interview with ARTnews, Rotter attributes the rebound to restored confidence rather than a sudden influx of money, noting that he sensed a turning point as early as September through subtle improvements in mid-season sell-through rates. He also addresses Christie’s growing use of private auctions, which he describes as "basically a private sale, just with competition."

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John Moran Auctioneers is holding a Modern and Contemporary Fine Art sale at its Monrovia headquarters, featuring standout works by Deborah Butterfield and Joel Shapiro, alongside pieces by Alice Baber, Sandro Chia, Jonas Wood, Banksy, and Takashi Murakami. Highlights include two horse sculptures by Butterfield—Untitled (Foal) (2015) and Untitled (Large Horse) (2013)—and Joel Shapiro's Untitled (1996), all from the Estate of Herbert and Anne Lucas. The sale also includes works from other notable 20th- and 21st-century artists, positioning it as a key end-of-year auction event.

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Christie’s evening sale of 21st-century art on Wednesday achieved $123.6 million in total sales, including 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson. The top lot was Christopher Wool’s *Untitled (RIOT)* (1990), which sold for $19.8 million. The sale had a 97 percent sell-through rate, with 36 of 45 lots guaranteed, and the hammer total of $99.7 million exceeded the presale low estimate of $87.5 million. A notable moment was a seven-minute bidding war for a Diego Giacometti coffee table owned by Edlis and Neeson, which sold for $3.65 million against a $1.5–2.5 million estimate.

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W. David Marx's book "Blank Space: A Cultural History of the Twenty-First Century" argues that 21st-century culture has stagnated, blaming the Internet and its economies for a lack of innovation. The book cites critics like Jason Farago and Alex Ross who lament the death of monoculture and the failure of the Internet's promised diversity, while Marx himself longs for a past era of linear artistic progress defined by -isms like Realism and Cubism. However, the review criticizes Marx's framework as rooted in a 19th-century positivist fallacy, noting that art history has never been a clean linear progression and that overlooked artists—such as Hilma af Klint and Hector Hyppolite—have always complicated the canon.

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Adrian Cheng, the mega-collector and regular on ARTnews' Top 200 Collectors list, has announced his new venture ALMAD Group after resigning as CEO of his family's Hong Kong property firm New World Development Co. (NWD) last year. The company will focus on digital assets, blockchain technologies, and immersive digital experiences across entertainment, sports, and media in mainland China, Southeast Asia, and the Middle East. ALMAD has absorbed Cheng's art-meets-commerce platform K11 by AC, which includes the K11 Craft and Guild Foundation, the K11 Art Foundation, and the K11 Art Malls that pair luxury retail with exhibitions by artists like Damien Hirst and Takashi Murakami.

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Christie’s has been consigned to sell works from the collection of the Kawamura Memorial DIC Museum of Art, including pieces by Claude Monet, Pierre-Auguste Renoir, Marc Chagall, Henri Matisse, and Henry Moore, as part of its fall marquee auctions. A top highlight is Monet’s oil painting *Nymphéas* (1907) with a low estimate of $40 million. The museum, located in Sakura, Japan, and owned by the DIC Corporation, decided last December to downsize and relocate, selling 75 percent of its 384 artworks valued at $77.5 million. The sale includes eight works in Christie’s 20th Century Evening Sale in November, with additional pieces in day sales for Impressionist and Modern Art as well as Post-War and Contemporary Art.

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Vito Schnabel's curated exhibition 'First Show/Last Show' at 190 Bowery, a landmark building recently acquired by Aby Rosen, was abruptly closed to the public just before its scheduled opening on May 16. The show, which would have been the first public access to the graffiti-laden former bank since 1966, was initially announced with a three-hour public opening, but organizers cited 'unprecedented demand' and switched to an appointment-only format from May 18 to 29. The exhibition features works by seven male artists: Joe Bradley, Dan Colen, Jeff Elrod, Ron Gorchov, Mark Grotjahn, Harmony Korine, and Julian Schnabel.

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Christie’s held a doubleheader evening sale on May 12, 2025, featuring its regular 20th-century art auction and the Riggio collection. The various-owners sale achieved $216.9 million in total sales after fees, a 52% decline from the $413 million equivalent sale the previous year. The top lot was Claude Monet’s *Peupliers au bord de l’Epte, crépuscule* (1891), which sold for $42.9 million with fees. The sale had a 94% sell-through rate, with 34 of 36 lots sold and none bought in. Notable moments included a new auction record for Dorothea Tanning at $2.3 million and a strong result for Remedios Varo’s *Revelación* (1955) at $6.22 million.

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A review of the top 20 auction lots sold globally in the first quarter of 2025 reveals that four of the five priciest works were either by Asian artists or sold in Asia, a shift from the dominance of Western works in London and New York during the same period in 2023 and 2024. Notable sales include a record-breaking Yuan dynasty calligraphy by Rao Jie at Sotheby’s Hong Kong for $32.2 million, Tyeb Mehta’s *Trussed Bull* setting an artist record at Saffronart in Mumbai, and M. F. Husain’s *Untitled (Gram Yatra)* becoming the first Indian Modern artwork to exceed $10 million at Christie’s New York. However, the total value of the top five lots fell to $73.7 million, down nearly 14% from 2024 and 46% from 2023, amid a broader downturn in Asian art sales, particularly in China.

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Christie’s has promoted Alex Rotter to global president, a new role in which he will retain his existing title as global chairman of 20th- and 21st-century art. Rotter will collaborate with regional presidents and global chairmen to develop strategies for auction and private sales. He joined Christie’s in 2017 after 16 years at Sotheby’s and created the “20/21” department, which unified postwar, contemporary, and Impressionist and modern art sales. Rotter has overseen landmark sales including Jeff Koons’s *Rabbit* (1986) for $91 million, Andy Warhol’s *Shot Sage Blue Marilyn* (1964) for $195 million, and Leonardo da Vinci’s *Salvator Mundi* (ca. 1500) for $450 million.

Theme and artists announced for British Art Show 10

The 10th edition of the British Art Show, titled 'A Chorus of Strangers,' has announced its theme and a roster of over 30 participating artists. Curated by Ekow Eshun and organized by Hayward Gallery Touring, the exhibition will explore the relationship between the individual and the 'other' through three thematic lenses: 'Moments of Being,' 'Ways of Living,' and 'States of Nature.' The show is scheduled to launch in Coventry on October 2, 2025, before touring to Swansea, Bristol, Sheffield, and Newcastle Gateshead.

From The Drama to Malcolm in the Middle: your complete entertainment guide to the week ahead

The article is a weekly entertainment guide covering cinema, gigs, art, stage, streaming, games, albums, and other cultural events. In the art section, it highlights two major exhibitions in London and its surroundings: a solo show of new paintings by British artist Cecily Brown at the Serpentine Gallery, created in response to Kensington Gardens, and a display of Henry Moore's iconic Shelter Drawings at his studio in Perry Green, focusing on his depictions of Londoners during the Blitz.

Beyoncé, Nicole Kidman and Venus Williams will co-chair 2026 Met Gala

The Metropolitan Museum of Art's Costume Institute has announced the co-chairs for the 2026 Met Gala, scheduled for May 4, 2026. Pop superstar Beyoncé, actor Nicole Kidman, tennis legend Venus Williams, and Vogue editor-in-chief Anna Wintour will serve as co-chairs of the annual benefit. The host committee includes fashion designer Anthony Vaccarello, actor Zoë Kravitz, and a roster of celebrities and artists such as Sabrina Carpenter, Doja Cat, and artist Anna Weyant. The gala will support the Costume Institute's exhibition "Costume Art" (May 10, 2026–January 10, 2027), which will inaugurate the new Condé M. Nast Galleries. The exhibition pairs 200 artworks from the Met's collection with 200 garments, exploring the relationship between the dressed body and Western art. Lauren Sánchez Bezos and Jeff Bezos are sponsoring the event.

Art Busan Is Building a More Sustainable Art Market

Art Busan, celebrating its 15th anniversary, will be held from May 21 to 24, 2026, at BEXCO in Busan, South Korea, bringing together over 110 galleries from 18 countries. The fair introduces two new integrated segments: DEFINE, which expands the fair to include collectible design, furniture, and craft, and LIGHTHAUS, which transforms gallery booths into curated spatial experiences to encourage deeper engagement. These initiatives aim to move beyond purely transactional sales and speculative momentum.

Who Do Chicago’s Art Fairs Serve?

Expo Chicago and its satellite fairs serve as a complex barometer for the Midwestern arts ecosystem, highlighting both the successes of local representation and the tensions of institutional growth. While galleries like Andrew Rafacz and Corbett vs. Dempsey demonstrate viable career paths for Chicago-based artists like Melissa Leandro and Gabrielle Garland, the fair's shifting structure reveals a narrowing field for smaller nonprofits.