A rare ancient Greek funerary sculpture, the Stele of Medeia (375-350 BCE), is being offered for sale at the TEFAF art fair by the London gallery David Aaron. The piece, priced at £450,000, depicts an unmarried young woman and retains significant original pigment. It has already attracted significant interest from a major US museum.
The article examines the art market's struggle to attract new wealthy buyers despite a surge in global wealth. Marc Spiegler, former global director of Art Basel, argues that galleries have failed to recruit the newly wealthy, noting that inflation-adjusted art sales have declined over the past 15 years. He suggests the industry needs to reposition art as 'magical' and transformative to appeal to potential patrons.
This episode of the podcast series "How to Get Ahead in the Art World" features Loïc Gouzer, the former Christie's executive known for orchestrating the record-breaking $450 million sale of Salvator Mundi. Gouzer discusses his career risks, including pioneering the curated sale format and launching Fair Warning, a private auction app that has achieved new price records. He emphasizes trusting instinct over data in the art market and offers advice on spotting opportunities, mastering skills before breaking rules, and building an authentic personal brand.
Artist Jack Butcher (b. 1988) debuted his first-ever booth at Art Basel Miami Beach, titled *Self Checkout*, where he sells art—literally receipts—on a pay-what-you-wish model. Each receipt includes a seed phrase creating a custodial Ethereum wallet holding a digital copy, but the NFT cannot be sold; it merely proves ownership of the physical receipt. The project features a real-time tracker showing his progress toward recouping the $74,211 total cost of the booth, with purchases made at self-checkout kiosks or online in Ethereum. By the fair's second day, the amount needed had dropped to $33,103.56, and Butcher was optimistic about breaking even. If the countdown hits zero, he will auction the flip board and receipt case as a one-of-one sculpture.
The article reports strong sales across Miami art fairs, particularly at Art Basel Miami Beach, where Beeple's "Regular Animals"—robotic dogs with hyper-realistic heads of billionaires—were a major attraction in the new digital art section Zero10. It also notes that three art-world heavyweights are launching a new gallery focused on secondary market sales, and that the Art Dealers Association of America is launching a new art fair after canceling its long-running Art Show.
The Pérez Art Museum Miami (PAMM) has announced two major gifts totaling $7 million for its Caribbean Cultural Institute (CCI). The Mellon Foundation contributed an additional $2 million, while the Green Family Foundation (GFF) donated $5 million, leading to the institute's renaming as the Green Family Foundation Caribbean Cultural Institute. The funds will support operating expenses and the endowment of the CCI, which was originally established in 2019 with a $1 million Mellon grant. The Green Family Foundation, founded by Steven J. Green and Dorothea Green, has deep philanthropic roots in Miami, including ties to Florida International University and local art initiatives. Current CCI fellows include artist M. Florine Démosthène, writer Rianna Jade Parker, and anthropologist Celia Irina González.
"The World of Studio Ghibli," a traveling immersive exhibition dedicated to the Japanese animation studio, will open at Manarat Al Saadiyat in Abu Dhabi from May 30 to August 20, 2026. The show features large-scale theatrical sets from 16 Studio Ghibli films, including iconic scenes from My Neighbor Totoro, and tickets are available for 125 AED (about $34). The exhibition launched in 2013 and has previously toured Japan, South Korea, Taiwan, Hong Kong, Bangkok, and Singapore.
The Art Dealers Association of America (ADAA) has announced a new art fair, the ADAA Fair, set to take place at the Park Avenue Armory from November 12–16, 2026. This follows the cancellation of the 2025 edition of its long-running Art Show, prompted by the end of a partnership with the charity Henry Street Settlement, which had hosted the fair's VIP opening as a fundraiser. The ADAA plans to refocus on supporting visual arts and museums, with the ADAA Foundation continuing to provide grants to U.S. institutions.
David Adjaye has publicly spoken out against the sexual misconduct allegations made against him in 2023, calling a Financial Times article that detailed the claims “deeply unfair” and claiming he was caught in a “#MeToo slam.” In an interview with architecture critic Tim Abrahams for the podcast Superhumanism, reported by Dezeen, Adjaye said the FT story destabilized confidence in him and that there was no interest in hearing his side. He did not explain why he believed the reporting was unfair, despite having declined to comment to multiple outlets at the time. The allegations, which included sexual harassment and assault claims from three women, led several institutions to cut ties with Adjaye, most notably the Studio Museum in Harlem, which had just opened a new building designed by his firm.
Hundreds of staff at the Los Angeles County Museum of Art (LACMA) voted to form a union, LACMA United, in association with AFSCME Cultural Workers United District Council 36, calling for higher wages, better benefits, and greater transparency. LACMA leadership declined to voluntarily recognize the union, opting instead for a National Labor Relations Board (NLRB) election, which is currently paused due to the federal government shutdown, effectively delaying the unionization effort. The union has filed with the California Public Employment Relations Board (PERB), asserting its status as public sector employees.
Art Basel will launch Zero 10, a new curated platform dedicated to digital art, at its Miami Beach edition in December 2025. Supported by OpenSea and curated by digital art strategist Eli Scheinman, the inaugural presentation will feature 12 international exhibitors including Art Blocks, bitforms gallery, Beeple Studios, Pace Gallery, AOTM, and Visualize Value, along with a loan of Lu Yang's DOKU – Heaven (2022) from the UBS Art Collection. The initiative takes its name from Kazimir Malevich's historic 1915 exhibition 0,10 and will run from December 5–7, 2025, with VIP previews on December 3–4, before expanding to other Art Basel fairs in 2026.
Employees at the Los Angeles County Museum of Art (LACMA) have formed a union called LACMA United in association with AFSCME Cultural Workers United District Council 36. In a letter dated October 29 addressed to museum leadership, a supermajority of eligible staff across departments requested voluntary recognition by November 5, citing wages that have not kept up with the rising cost of living and the need for fairer compensation, expanded benefits, and greater transparency. The effort comes ahead of the opening of LACMA's new Peter Zumthor–designed David Geffen Galleries, scheduled for next April.
British artist and designer Es Devlin, known for stage designs for U2 and Kendrick Lamar, has created a 50-foot-tall revolving library titled 'The Library of Us' for the 10th anniversary of the Faena hotel and cultural complex in Miami Beach. The installation, presented during Art Basel Miami Beach, contains 2,500 books that have influenced Devlin, with visitors able to sit on revolving stools and read. Phrases from 250 books will appear on an LED screen accompanied by Devlin's voice. After the installation closes on December 9, all books will be donated to Miami organizations including public libraries and schools.
Carl Kahler's 1891 painting *My Wife's Lovers*, a monumental portrait of 42 cats commissioned by San Francisco millionaire Kate Birdsall Johnson, has resurfaced in popularity thanks to social media and a record-breaking sale at Sotheby's in 2016, where it fetched $826,000—more than double its high estimate. The article details Kahler's background as a horse-racing painter from Austria, his three-year stay at Johnson's Buena Vista Castle sketching her feline menagerie, and the painting's debut at the 1893 Chicago World's Fair. Johnson, an eccentric art collector and philanthropist, owned hundreds of cats and named the work after her late husband's nickname for them.
Frieze Seoul 2025 will bring together 120 galleries from over 30 countries for its fourth edition, running September 4–6 at the COEX convention center with a preview day on September 3. The fair coincides with Kiaf Seoul and is split into three sections: the main Galleries section (90 exhibitors), Focus Asia (10 solo presentations of emerging artists), and Frieze Masters (20 booths covering works from the Middle Ages to the 20th century). Blue-chip participants include Gagosian, Hauser & Wirth, Pace Gallery, and David Zwirner, alongside leading Korean galleries such as Gallery Hyundai and Kukje Gallery. Five galleries have graduated from Focus Asia to the main section, and 20 first-time participants join the main section.
Art Basel Paris has announced the 203 galleries participating in its 2025 edition, set to take place at the Grand Palais from October 24–26, with VIP previews on October 22–23. The fair is divided into three sections: the main Galeries section with 177 dealers, Emergence featuring 16 solo booths for emerging artists, and Premise with nine presentations from 10 galleries challenging the art historical canon. Notable blue-chip participants include Gagosian, Hauser & Wirth, Pace Gallery, David Zwirner, and top Parisian galleries such as Balice Hertling, Galerie Chantal Crousel, and Mennour. The fair will also bring back its Oh La La! Initiative and public art exhibition in the Jardin des Tuileries.
The article examines how gender pay disparities and the fear of a "pink-collar" profession persist in the art museum world, triggered by comments from Meta CEO Mark Zuckerberg about "masculine energy" in the workplace. It recounts a 2020 forum where National Gallery of Art director Kaywin Feldman expressed concern that art museums becoming predominantly female could lower salaries, a remark initially seen as sexist but later contextualized by the author's investigation into the origins of such fears. The author traces the concept to a 2016 New York Times article citing research on how female-dominated fields see pay drops, and explores how even progressive leaders like Feldman can inadvertently perpetuate gender bias.
Writer and critic Domenick Ammirati chronicles a whirlwind week in New York during Frieze Week, visiting art fairs, exhibitions, and social events. Highlights include Jeff Koons' Hulk sculptures at Gagosian's Frieze booth, discovering painter Karol Palczak at Emalin gallery, and attending the group painting show "R U Still Painting???" curated by the collective FALCON in a raw Midtown office space. Ammirati notes a subdued, less intoxicated atmosphere compared to previous years, reflecting a broader unease in the art world.
At the Armory Show in New York, psychic medium Sarah Potter is offering tarot card readings at the booth of Chicago's Carrie Secrist Gallery using a deck designed by the feminist art collective Hilma's Ghost. The collective, formed during lockdown by abstract artists Dannielle Tegeder and Sharmistha Ray, created "Abstract Futures Tarot," a series of 78 gouache, ink, and colored pencil paintings inspired by pioneering abstractionist Hilma af Klint and the Rider–Waite tarot deck by Pamela Colman Smith. The works, priced at $4,000 each, are the result of 500 hours of collaborative painting, and the deck is also sold in a limited edition of 300, with 215 already sold.
New York's Spring Break Art Show has returned to its namesake season, opening alongside Frieze New York after abruptly canceling its Los Angeles edition due to January's devastating fires. Founded by artist duo Andrew Gori and Ambre Kelly, the fair is now held in a former book printing office on Varick Street, featuring offbeat emerging art and boundary-pushing installations. Roughly a third of the presentations were already planned under the theme "Paradise Lost and Found," but the accelerated timeline led to last-minute additions, with some artists joining just the night before. Standout works include Louis Sarowsky's carved stone food sculptures, Kate Rusek's zero-waste porcelain pieces molded from trash, and Colin J. Radcliffe's ceramic sculptures reimagining queer figures in classical iconography.
Fair Warning, the members-only online sales platform founded by former Christie's rainmaker Loïc Gouzer, is staging a rare live auction on May 20 at Tiffany & Co.'s flagship store in New York. The centerpiece is Banksy's *Girl and Balloon on Found Landscape* (2012), a work from the artist's 'Crude Oils' series that has never been publicly exhibited. Consigned by a private collector, the painting carries an ambitious estimate of $13 million–$18 million, one of the highest ever for a Banksy. Gouzer argues that Banksy is among the most consequential artists of our time, comparing his trajectory to Jean-Michel Basquiat, and sees this sale as a landmark moment for the artist's market.
Johnnie Shand Kydd, a former art dealer turned photographer, reflects on his intimate black-and-white photographs of the Young British Artists (YBAs) in the 1990s, capturing figures like Tracey Emin, Damien Hirst, and Sarah Lucas in candid, hedonistic moments rather than traditional studio portraits. Now 66, Shand Kydd has a new exhibition titled 'Ramsholt' at Emin's gallery in Margate, featuring photographs from his dog-walking route, which will also be published as a photobook.
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.
Adam Lindemann draws a parallel between the oversupply of wine and the current state of the art market, noting that too many galleries and artists are producing work while demand from collectors is slowing. He cites the glut of art fairs, particularly the 840 galleries exhibiting during Miami Basel week in December 2025, and quotes advisor Allan Schwartzman describing the market as "tired." Lindemann observes that even mega-trophies like Leonardo's *Salvator Mundi* are rare exceptions, and that museums are becoming more selective in accepting donations.
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.
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.
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."
Christie's 21st-century evening sale on Wednesday, November 2025, achieved a hammer total of $99.7 million on 44 lots, within the pre-sale estimate of $87.5–$127 million. With fees, the final total reached $123.6 million. The sale opened with 18 lots from the collection of Chicago philanthropists Stefan Edlis and Gael Neeson, featuring works by Cindy Sherman, Andy Warhol, Tom Wesselmann, and Diego Giacometti. A Giacometti coffee table sparked a seven-minute bidding war, selling for $4.53 million. Three artist records were set: Firelei Báez ($1.1 million), Olga de Amaral ($3.1 million), and Joan Brown ($596,500). Only one work, by Cecily Brown, failed to sell.
Frieze, the art fair and media company, has been sold to Ari Emanuel, the former CEO of Endeavor, in a deal valued at around $200 million. The acquisition, reported by the Financial Times, covers Frieze's seven global fairs, its magazine, and its London exhibition space, No. 9 Cork Street. Emanuel, who stepped down as Endeavor CEO in March following the $25 billion acquisition of the conglomerate by Silver Lake, will own Frieze through a new company backed by a consortium of investors. Simon Fox will remain CEO, and the deal is expected to close in the third quarter of 2025.
The Chicago art scene takes center stage with a curated guide to six essential exhibitions coinciding with the EXPO Chicago 2026 art fair. Highlights include Josh Brainin’s immersive two-channel video installation at Tala and a thematic exploration of Chicago’s urban infrastructure hosted at the Chicago Cultural Center, showcasing a diverse range of media from digital video to architectural critique.