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What does a so-called ‘buyer’s market’ look like at Art Basel?

At Art Basel 2025, a consensus has emerged among dealers and advisers that the fair represents a 'buyer's market,' characterized by slow sales, modest expectations, and increased negotiating power for collectors. Galleries are offering discounts of 20-30% below asking prices, particularly for works under $1 million, though open discussion of discounts remains taboo in Switzerland. Some dealers, like Tim Blum of Blum gallery, acknowledge a paradigmatic shift, with galleries adapting by focusing on established artists and estates, while still seeing demand for reasonably priced younger artists.

The 10 Exhibitions to See in May 2025

The article highlights ten exhibitions to see in May 2025, including the Venice Architecture Biennale curated by Carlo Ratti, which explores intelligence in natural, artificial, and collective forms, alongside a parallel show by AMO/OMA at Fondazione Prada. It also covers Gallery Weekend Berlin, featuring Sky Hopinka's new film and photographs at Tanya Leighton, an exhibition by exiled Russian journalists Meduza at Kunstraum Kreuzberg, and a study group on Palestinian agrarian initiatives at Spore Initiative.

Tracey Emin

Tracey Emin, the British artist known for her confessional and provocative works, has been the subject of recent coverage in The Art Newspaper. The article details her ongoing artistic output and public engagements, including her latest exhibitions and contributions to contemporary art discourse. It highlights her continued prominence in the art world, with recent shows and critical attention reaffirming her status as a leading figure in British and international art.

Ed Ruscha | A Particular Kind Of Heaven (1983) | Art & Prints

Ed Ruscha's 1983 work "A Particular Kind Of Heaven" is being offered at auction through Tate Ward, with current bidding at £100. The piece is an exhibition poster from the Fine Arts Museums of San Francisco, measuring 61 x 92 cm, and is part of Tate Ward's Urban and Contemporary Art London sale. The listing also shows multiple other Ruscha works available from various sellers, including posters and prints from EHC Fine Art Auction, Blond Contemporary, and Baldwin.

Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

Near death experiences, ‘crip memes’ and the tyranny of the DWP: the new exhibition powered by illness and disability

Flare Up, a group exhibition co-curated by Mariana Lemos and Natasha Hoare at CCA Goldsmiths in London, showcases art centered on illness, chronic conditions, disability, neurodivergence, and deafness. The show features works by artists including Benoît Piéron, Avril Corroon, Derek Jarman, Christine Sun Kim, Jesse Darling, and the collective Freestylers, exploring themes such as near-death experiences, crip memes, government bureaucracy, and the fluctuating nature of symptoms. Highlights include Piéron's bunting made from hospital sheets, Corroon's installation on poverty and health, and Jarman's 1992 painting Act Up.

A hated portrait and a forged masterpiece: two new thrillers with paintings at their centre

Two new thrillers center on paintings: "The End of the Vodka" by an unnamed author, which fictionalizes the real story of Frida Kahlo's commissioned portrait of Dorothy Hale—a painting that horrified its patron Clare Boothe Luce—and weaves an imagined conversation between Luce and Wallis Simpson amid the backdrop of World War II. The second, "Sacrifice" by Lynda La Plante, follows Detective Jack Warr as he investigates a possible forgery of a Jean-Michel Basquiat painting, leading to murder and a missing art forger.

How Is Arts Patronage Changing?

At TEFAF New York, Artnet News editor Andrew Russeth moderated a panel titled “Who Supports Art Now? Patronage in a Shifting Cultural Landscape” featuring two prominent figures in American arts philanthropy: Sarah Arison and Michi Jigarjian. Arison, who became the youngest president of the Museum of Modern Art’s board in 2024 at age 39, also leads the Arison Arts Foundation and chairs YoungArts. Jigarjian, CEO of Work of Art Holdings and a partner at 7G Group, has led Baxter St at CCNY for 15 years and serves on the boards of the Brooklyn Museum and MoMA PS1. The discussion took place during fair week in mid-May at the Park Avenue Armory.

Spain Threatens to Oust Reina Sofía Director Over Missing Artworks and Finances

Spain’s government has escalated pressure on the Museo Nacional Centro de Arte Reina Sofía, demanding a complete inventory of its 25,000-plus artworks by December 31, 2026. A parliamentary oversight committee passed a resolution backed by the conservative Popular Party and far-right, warning that failure to comply could lead to the removal of museum director Manuel Segade. The resolution calls for a full audit of holdings, including loans and missing pieces, and updated financial valuations. The museum faces years of criticism from Spain’s Court of Auditors over weak internal controls and tracking issues, including a 2021 donation that can no longer be fully accounted for.

India's Kiran Nadar Museum to take over Christie's London headquarters this summer

The Kiran Nadar Museum of Art (KNMA) in New Delhi will take over Christie’s London headquarters this summer for a month-long non-selling exhibition titled "The Meeting Ground: Scenes from the KNMA Collection" (16 July-21 August). The show will feature 180 works by 60 Indian, Pakistani, and Bangladeshi artists from the 1950s to the present, drawn from billionaire collector Kiran Nadar’s vast collection of South Asian Modern art. The exhibition anticipates the delayed relocation of KNMA to a new 100,000 sq. m building near Delhi airport, designed by David Adjaye and now about 60% complete, with former Louvre Abu Dhabi director Manuel Rabaté appointed to run the museum.

The New Costume Institute Show Gets Under the Skin

The Costume Institute at the Metropolitan Museum of Art has opened its 2026 spring exhibition, “Costume Art,” which explores the relationship between clothing and the human body through pairings of couture with artworks spanning 5,000 years. Curated by Andrew Bolton, the show is divided into thematic chapters such as “Nude Body,” “Disabled Body,” “Aging Body,” and “Anatomical Body,” featuring pieces from designers like Dior, John Galliano for Maison Margiela, and Renata Buzzo alongside historical artifacts and contemporary art.

Virginia Museum of Fine Arts Announces a Major Gift of Nearly 2000 Photographs

The Virginia Museum of Fine Arts (VMFA) has received a major donation of nearly 2,000 photographs from the Joy of Giving Something Inc. (JGS), a nonprofit dedicated to photographic arts. The gift, drawn from the collection of late financier Howard Stein, spans the 19th century to the present and includes works by over 450 artists, with highlights from Eugène Atget, Nadar, Alfred Stieglitz, Dora Maar, László Moholy-Nagy, Man Ray, Berenice Abbott, Walker Evans, Dorothea Lange, Mary Ellen Mark, and contemporary figures like Adam Fuss and Cindy Sherman. The donation also includes a grant for cataloging and housing, and comes as the VMFA plans five new photography galleries opening in 2027.

Harald Metzkes, Postwar German Painter of ‘World Theater,’ Dies at 97

Harald Metzkes, the German painter known for his classically indebted and symbolically rich works created after World War II, died at age 97 in Brandenburg. His death was confirmed by his son, sculptor Robert Metzkes. Metzkes gained prominence in East Germany for rejecting socialist realism, instead developing a distinctive style that combined poetic imagery, references to classical modernism, and deeply symbolic visual worlds. The Neue Nationalgalerie is currently showing his painting "Removal of the Six-Armed Goddess" (1956) in an exhibition titled "Extreme Tension. Art between Politics and Society Collection of the Nationalgalerie 1945–2000."

Tilda Swinton Is Bringing a New Performance Piece to Guggenheim Bilbao

British actor Tilda Swinton will debut a new performance piece titled "House of Gestures" at the Guggenheim Museum Bilbao on June 5–6, 2025. The work, developed with French fashion curator Olivier Saillard, is inspired by the legacy of Dom Pérignon champagne and will be staged in the museum's Frank Gehry-designed atrium. Swinton has a long history of performance art, including her iconic work "The Maybe" (1995) at the Serpentine Gallery, and is currently the subject of the exhibition "Ongoing" at the Onassis Foundation's Onassis Ready in Athens.

How Did Phillips Pull Off a $115.2 Million ‘White Glove’ Sale? Here’s What the Numbers Say

Phillips achieved a $115.2 million 'white glove' evening sale in New York on Tuesday night, with 41 of 43 lots sold and a 100% sell-through rate after withdrawals. The auction more than doubled last year's $52 million total, led by Andy Warhol's *Sixteen Jackies* (1964) at $16.2 million. Only three records were set—for P.S. Krøyer, Pat Passlof, and Joseph Yaeger—but the sale's success was driven by third-party guarantees on 21 lots and newly launched priority bids.

New Richard Avedon documentary chronicles how he shaped the evolution of photography

Imagine Documentaries, the nonfiction arm of Ron Howard and Brian Grazer's Imagine Entertainment, premiered a new documentary about photographer Richard Avedon at the Cannes Film Festival on May 17. The film, co-produced by the Richard Avedon Foundation, draws heavily from archival interviews conducted by Helen Whitney for the PBS series *American Masters*, supplemented by new interviews with Avedon's son John, muse Lauren Hutton, Isabella Rossellini, Twyla Tharp, and former *New Yorker* colleagues Tina Brown and John Lahr. The documentary explores Avedon's career, his technique of building rapport with subjects, and his iconic images such as *Dovima with Elephants*, which dealer Larry Gagosian notes sold for $2 million.

Phillips Posts $115.2 Million ‘White Glove’ Sale, Big Gain Over Last Year

Phillips’s evening sale of modern and contemporary art on Tuesday achieved a 'white glove' result, selling all 41 lots for a total of $115.2 million with fees, near the $121.7 million top estimate. The sale marked a 119 percent increase over the same sale last year, driven by strong bidding on works by Salman Toor, Lee Bontecou, P.S. Krøyer, Joseph Yaeger, Helen Frankenthaler, Anna Weyant, and Pat Passlof. Two works were withdrawn before the sale, and about half of the lots had third-party guarantees. Despite some lots hammering below their low estimates, including works by Andy Warhol, Francis Picabia, Henri Matisse, and a Jackson Pollock at the center of a lawsuit, the overall result signals renewed market confidence.

Cindy and Howard Rachofsky’s Dallas Home Could Be Yours at a Discount, for $17.5 M.

Cindy and Howard Rachofsky, prominent art collectors and mainstays on the ARTnews Top 200 Collectors list, have reduced the asking price of their Dallas home, the Richard Meier–designed Rachofsky House, from $23 million to $17.5 million. The property, completed in 1996 and located in the affluent Preston Hollow neighborhood, has been on the market since October 2024. The Rachofskys, whose collection includes over 800 works, previously hosted the Two x Two gala in support of AIDS- and art-focused initiatives in Dallas, but stopped hosting the event in 2024.

Christie’s S. I. Newhouse Sale Totals $630.8 M., Bringing Cumulative Total to $1 B.

Christie’s evening auction of 16 works from media magnate S.I. Newhouse’s collection totaled $630.8 million with fees, setting multiple records. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million after a 10-minute bidding war, more than doubling Pollock’s previous auction record. Other highlights included Constantin Brâncuși’s *Danaïde* (ca. 1913), which set a new record for the artist at an undisclosed price above $82 million, and strong results for works by Joan Miró, Jasper Johns, and Pablo Picasso.

Tate Britain previews new garden at RHS Chelsea Flower Show

Tate Britain is previewing its new garden at the 2026 RHS Chelsea Flower Show, offering a sneak peek of the forthcoming Clore Garden designed by Tom Stuart-Smith and scheduled for completion in 2027. The show garden features Barbara Hepworth's 1949 sculpture *Bicentric Form*, the first work Tate acquired by the artist, alongside Mediterranean plants adapted to London's warming climate, a wildlife pond, and recycled materials from the Millbank site. After the show, the garden will be relocated to Tate Britain.

‘Depraved in all the right ways’: why forgotten no wave visionary Gordon Stevenson is about to take off

The article profiles Gordon Stevenson, a forgotten visionary of the no wave movement in late-1970s New York, who was an artist, jewelry designer, musician, and filmmaker best known for the notorious film *Ecstatic Stigmatic*. Decades after his death from AIDS, a storage unit full of his lost work has been discovered, including jewelry, mail-art collaborations with Ray Johnson, and clues to a surviving print of his film. His family has also recovered hundreds of letters he wrote to his parents, chronicling his life in downtown New York and his experiences as one of the city's first AIDS patients. The piece traces his journey from a small town in Georgia, where he met his wife Mirielle Cervenka (who later renamed Exene Cervenka), to their punk-era jewelry brand LHOOQ and his lasting influence on gothic fashion.

After dinosaurs, it’s spot the dog! But can a child really learn anything in a gallery?

Neil Osborne and his three-year-old daughter Daisy visit the National Museum Cardiff (NMC), where they explore both dinosaur exhibits and art galleries. Daisy, like many toddlers, engages with paintings by describing what she sees—calling a JMW Turner seascape "a fish." The article follows the author as she investigates whether children under five can learn from art in museums, speaking with parents and Catrin Rowlands, head of learning at NMC. NMC is one of 15 UK museums participating in Mini Wonders, a fully funded program by Art Fund and Nesta that offers eight-week courses for families from disadvantaged backgrounds, providing digital cameras and scrapbooks to encourage repeated museum visits and school readiness.

Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

Rothko from Robert Mnuchin’s Estate Sells for $85.8 M., Leading Sotheby’s New York’s $433.1 M. Contemporary Art Sale

Sotheby’s New York held a $433.1 million modern and contemporary art sale at its Madison Avenue headquarters, led by Mark Rothko’s *Brown and Blacks in Reds* (1957), which sold for $85.8 million. The auction opened with 11 works from the estate of legendary dealer Robert Mnuchin, totaling $166.3 million, including a second Rothko and pieces by Willem de Kooning, Franz Kline, and Pablo Picasso. The contemporary art segment followed, with Jean-Michel Basquiat’s *Museum Security (Broadway Meltdown)* (1983) selling for $52.7 million. The overall sale was described by advisers as robust but not particularly exciting, and it significantly exceeded the $186.1 million equivalent sale from last year.

The Best Booths at Frieze New York, From Cindy Sherman’s Newest Photos to UFOs

The article reviews the best booths at Frieze New York 2026, held at the Shed in Hudson Yards. It highlights eight standout presentations, including Hauser & Wirth's debut of new Cindy Sherman photographs, Andrew Edlin Gallery's themed booth featuring artists like Paulina Peavy and Melvin Way who explore extraterrestrial themes, and Carlos/Ishikawa's display of Evelyn Taocheng Wang's monumental paintings that engage with Agnes Martin and Georgia O'Keeffe. The author notes that while art fairs prioritize commerce, some galleries successfully balance good art with monetization.

Garment, body and space merge in Iris van Herpen’s first major New York show

The Brooklyn Museum is hosting Iris van Herpen's first major New York exhibition, featuring over 140 haute couture looks from the Dutch fashion designer. Van Herpen, who founded her house in 2007, pioneered 3D printing in fashion and uses unconventional materials like upcycled marine debris and fermented fibers. The touring show, which originated at Paris's Musée des Arts Décoratifs, includes contemporary art, scientific objects, and natural-history specimens alongside her garments. Curated by Matthew Yokobosky, the Brooklyn iteration draws on the museum's own collections and loans from the American Museum of Natural History, the Staten Island Museum, and the Yale Peabody Museum. Highlights include a dress made with living bioluminescent algae and a re-creation of Van Herpen's atelier.

V&A Rising Voices review – can decades of stunning global art really be squished into three rooms?

The V&A Museum in London has mounted an exhibition titled "Rising Voices" that attempts to summarize three decades of the Asia Pacific Triennial, a vast survey of contemporary art from Asia, Australia, and the Pacific organized by Queensland Art Gallery. The show crams works from multiple continents, island nations, and Indigenous cultures into just three rooms, featuring bark cloth paintings from Papua New Guinea, Indigenous Australian abstracts, shark sculptures from the Torres Strait, and Tahitian textiles. Many works address colonialism, political oppression, and tyranny, with artists like Elisabet Kauage, Pala Pothupitiye, and Svay Ken using art as resistance. The exhibition includes pieces by Maryam Ayeen, Abbas Shahsavar, Lila Warrimou, Pennyrose Sosa, Aline Amaru, Brenda V Fajardo, and Heri Dono.

Contemporary Icons and Modern Masters Headline This Major May Sale

Rago/Wright is hosting two major spring sales on May 14, 2026: 'Pure Edge: American Geometric Abstraction, Selected Works from the Museo de Arte Contemporáneo de Buenos Aires' and a Post War and Contemporary Art sale. The first features 19 works from the museum's premier collection of American geometric abstraction, while the second spans 20th- and 21st-century art. Highlighted lots include Sam Gilliam's 'Sun Woman' (1970, est. $300,000–$500,000), Annie Morris's 'Stack 7 (Ultramarine Blue)' (2015, est. $150,000–$200,000), Miyoko Ito's 'Adam and Eve' (1957, est. $200,000–$300,000), and Maria Martins's 'Impossible' (1946, est. $150,000–$200,000).

Public art blossoms around New York

New York City's public spaces are blooming with large-scale outdoor art this spring, complementing the gallery and museum season. From the High Line to Brooklyn Bridge Park, the Bronx to Stuyvesant Square, artists including Derek Fordjour, Raven Halfmoon, Monira Al Qadiri, Judith Modrak, Woody De Othello, Shellyne Rodriguez, and Graciela Cassel have installed sculptures, murals, and interactive works. Highlights include Fordjour's mural *Backbreaker Double* (2025), Halfmoon's ceramic bust *West Side Warrior* (2025), and Rodriguez's *Phoenix Ladder: Monument to the People of the Bronx* (2025), which commemorates housing loss in the 1970s.

New Museum unveils Sarah Lucas's bawdy Bowery commission

The New Museum unveiled Sarah Lucas's sculpture "VENUS VICTORIA" (2026) on May 12 as the inaugural commission for its new public plaza on the Bowery in New York. The work features a pink-hued figure in yellow high heels straddling a giant cast-concrete washing machine, riffing on the classic reclining nude. Lucas's proposal was selected by an all-artist jury including Teresita Fernández, Joan Jonas, Julie Mehretu, Cindy Sherman, and Kiki Smith. The sculpture will remain on view for two years, after which another commission by a woman artist will take its place.