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prominent art advisory implodes after 37 years as ex partners fire off lawsuits

Art advisors Barbara Guggenheim and Abigail Asher, who ran the blue-chip advisory Guggenheim Asher Associates for 37 years, are now locked in a bitter legal dispute. Lawsuits filed in New York Supreme Court allege fraud, tax evasion, misappropriation of funds, abuse, and exploitation. Guggenheim claims Asher misappropriated over $20.5 million in revenue, while Asher counters with accusations of unethical behavior, including using sex and kickbacks to secure artworks and lying to collectors. The firm’s clients included celebrities like Steven Spielberg and Tom Cruise and corporations such as Sony and Coca-Cola.

life size labubu record asia art news

The article reports on a record-breaking auction sale of a 4-foot-4-inch Labubu doll, which sold for RMB 1.08 million ($150,300) at Yongle International Auction in Beijing, with premium reaching RMB 1.24 million ($174,000). The character was created by Hong Kong artist Kasing Lung, who also collaborated with Art Basel on a limited edition. Other key developments include the closure of the Art Basel Hong Kong satellite fair Supper Club after two editions, Frieze announcing a new year-round space called Frieze House Seoul in Yaksu, and Blum gallery taking on global representation of Japanese ceramic artist Kimiyo Mishima's estate. The article also covers upcoming exhibitions by Christine Ay Tjoe at White Cube New York, Seulgi Lee at Ikon Gallery Birmingham, Kenny Scharf at the Modern Art Museum Shanghai, and Trevor Yeung's adaptation of his Venice Biennale show at M+ Hong Kong.

for asias art market 2025 has been about rapid fire change

Art Basel has concluded and the London sales have wrapped, marking a busy first half of 2025 for Asian art markets despite economic uncertainties and geopolitical challenges. New players and trends have emerged: international auction houses aligned their Hong Kong sales with Art Basel Hong Kong for the first time, South Asian art has had a banner year at auction and in institutions, and West Asia is rising with Sotheby's inaugural sale in Saudi Arabia and Art Basel's planned Qatar fair. Asian galleries are expanding into Western capitals, while Western galleries are picking up Asian talent, such as Korean artist Anna Park joining Lehmann Maupin and Rim Park partnering with Kraupa-Tuskany Zeidler. Japanese artist Yu Nishimura had his first U.S. solo show at David Zwirner, and the Labubu plush toy by Kasing Lung became a pop culture sensation.

art in america new talent issue 2025

Art in America's 2025 "New Talent" issue features 20 emerging artists chosen by the magazine's editors, including Nico Williams, Bint Mbareh, Justin Allen, Agnes Questionmark, and Brooklin A. Soumahoro. The issue also includes a postmortem on figurative painting by Barry Schwabsky, an essay on spiritual art by Eleanor Heartney, a symposium on art's purpose with seven artists, and a tribute to the late Jaune Quick-to-See Smith by Emmi Whitehorse. Other sections cover Suzanne Valadon, Hito Steyerl's book, and a debate between art fairs and biennials.

8 Must-See Solo Gallery Shows in May

Galerie magazine has curated a list of eight must-see solo gallery shows across the United States for May, highlighting exhibitions in New York, Chicago, San Francisco, and Los Angeles. Featured artists include Domenico Gnoli at Lévy Gorvy Dayan, John Stezaker at Gray in Chicago, Alison Elizabeth Taylor at Jessica Silverman in San Francisco, Charles Ray at Matthew Marks Gallery and Jeffery Deitch in Los Angeles, Jose Dávila at Sean Kelly, and Peter Hujar at Ortuzar, among others. The article provides details on each artist's practice and the scope of their exhibitions, such as Gnoli's largest U.S. show in five decades and Hujar's restaging of his final solo exhibition.

Marian Goodman Gallery to ‘Pause’ Operations in Los Angeles

Marian Goodman Gallery is suspending operations at its Los Angeles location after two and a half years, following the conclusion of Tacita Dean's solo show on April 25. The gallery's partners announced a consolidation of programming to its historic homes in New York and Paris, stating they will evaluate the space's future while maintaining an LA presence through art fairs, special projects, and museum exhibitions.

London’s Timothy Taylor to Close New York Outpost After a Decade

London gallery Timothy Taylor will close its New York outpost next month after nearly a decade of operation. The gallery cited current market conditions and the high costs of maintaining a second permanent space as reasons for the consolidation, though it will maintain an office and viewing room in the city.

How Will the Venice Biennale Impact Alma Allen’s Market?

Artist Alma Allen has been selected as America's representative at the Venice Biennale, sparking controversy due to the unusual selection process under President Trump. The pavilion is commissioned by the newly formed American Arts Conservancy, led by Jenni Parido, who previously ran a pet food lifestyle shop and entered Trump's orbit through Mar-a-Lago pet charity events. Following the announcement, Allen's galleries Olney Gleason and Mendes Wood DM dropped him, but he was quickly picked up by high-profile gallery Perrotin. The article examines how the Biennale and its attendant drama might affect Allen's market, noting his longtime collectors include Beth Rudin DeWoody, Peter Morton, Jack Pierson, and others, while his auction prices have remained modest.

Barbara Chase-Riboud Says She Declined US Pavilion Offer Because It Was ‘Not the Moment’

Sculptor Barbara Chase-Riboud has revealed she declined an offer to represent the United States at the 2025 Venice Biennale, stating that for her, "this was not the moment." The offer was made by the American Arts Conservancy, the nonprofit organization commissioning the US Pavilion. The revelation comes amid ongoing scrutiny of the selection process that ultimately led to artist Alma Allen being chosen, following reports that the Trump administration removed diversity language from application materials.

Overdue payments to artists, landlords and workers at a popular gallery reflect pressures squeezing the dealer sector

The Hole, a prominent gallery with locations in New York and Los Angeles, is facing significant financial distress characterized by shuttered spaces and mounting legal disputes. Following a period of rapid expansion fueled by the 2021–2023 art market boom, the gallery has permanently closed its West Hollywood location and is currently facing multiple lawsuits from Manhattan landlords alleging over $180,000 in unpaid rent and taxes. Founder Kathy Grayson attributes the crisis to a sharp decline in sales starting in late 2023, which has left the gallery struggling to pay artists, staff, and creditors.

art market report 2025 growth high end sales

The global art market returned to growth in 2025, reaching $59.6 billion in sales according to the latest Art Basel and UBS Art Market Report. This 4 percent increase ended a two-year decline, driven primarily by a 9 percent surge in public auction sales and a significant revival in high-value transactions for works priced over $10 million. While the United States maintained its dominant 44 percent market share, the recovery was uneven, with the Impressionist and Old Masters sectors seeing major gains while Postwar and Contemporary art continued to cool.

frieze los angeles satellite fairs report

The Felix Art Fair kicked off LA Art Week at the Hollywood Roosevelt Hotel, drawing significant crowds despite logistical hurdles. While long lines for elevators slowed the initial flow of visitors to the upper floors, exhibitors reported steady interest and early sales. New York-based dealers faced particular challenges arriving for the opening due to a major Nor’easter that disrupted flights across the East Coast, forcing many to finalize their booths just hours before the VIP preview.

these galleries dropped out of art basel miami beach heres what happened next

Several galleries withdrew from Art Basel Miami Beach 2024 amid rising costs and a contracting art market, leaving some like San Francisco's Altman Siegel facing cancellation fees despite closing. Claudia Altman-Siegel, who shut her gallery, owed $22,000 after missing the free-cancellation deadline. Other dealers, including Miguel Abreu, Tilton Gallery, and Sperone Westwater, navigated the fair's strict payment terms for different reasons—some pulling out early to avoid penalties, others proceeding despite business challenges. The fair proceeded with 283 exhibitors and reported strong sales, including an $18.5 million Joan Mitchell painting, signaling a potential market upturn.

how to close your gallery

Claudia Altman-Siegel closed her San Francisco gallery, Altman Siegel, in November 2025 with a farewell party, handing out beers to friends, artists, and visitors. She aimed to provide closure and avoid the sudden, chaotic closures that have become common in the mid-tier art market, which often leave artists unpaid, works unreturned, and staff in limbo. Other dealers, including Tif Sigfrids and Rena Bransten, shared strategies for ethical closures, such as continuing to support artists through networks, paying them on time, and returning all works. Bransten's gallery, after 50 years, is shifting to a nomadic model rather than fully closing.

art basel miami 2025 exhibitor changes

Art Basel Miami Beach 2025 has lost at least eight exhibitors from its main sector since the fair released its initial list over the summer. Among the dropouts are blue-chip galleries including Miguel Abreu, Chantal Crousel, Alison Jacques, Peter Kilchmann, Edward Tyler Nahem, Luisa Strina, and Lia Rumma, as well as Shanghai's BANK gallery. Two galleries, Altman Siegel and Tilton, closed entirely between the list's release and the present. Kasmin changed its name to Olney Gleason and will still participate. Reasons for withdrawal vary: Miguel Abreu chose a solo presentation at Frieze Masters over Miami, citing a "less than stellar" experience the previous year and the burden of three fall fairs. The fair's contract imposes escalating financial penalties for late withdrawals, with galleries owing 50% of their fee after August 1 and 100% after October 1.

tilton gallery closure

Tilton Gallery in New York has announced that its upcoming exhibition, featuring late abstract painter Ruth Vollmer, will be its last. The show runs from September 30 to November 15, after which the gallery will vacate its Upper East Side space. The decision was made by Connie Rogers Tilton, Jack Tilton's widow, who has run the gallery since his death in 2017. She stated it is time to pursue her own projects in a more private setting. The gallery was founded in 1983 by Jack Tilton, who previously worked for Betty Parsons, and was known for launching careers of artists like Marlene Dumas, Nicole Eisenman, and Glenn Ligon, as well as promoting Chinese artists in the 1990s.

hannah hoffman bridget donahue gallery merger

New York dealer Bridget Donahue and Los Angeles dealer Hannah Hoffman are merging their eponymous galleries to form a new operation called Hoffman Donahue, with spaces in both cities. The combined gallery represents 43 artists, including Puppies Puppies and Lynn Hershman Leeson, and its roster is more than 70 percent women artists. The merger will be fully integrated by 2026, with its official debut at Art Basel Paris. The dealers previously worked together at Gavin Brown's Enterprise and have collaborated on art fair booths.

newsmakers lindsay jarvis is betting on the bowery

Lindsay Jarvis, a London-born dealer who previously worked at Sadie Coles and greengrassi in the UK and spent a decade in New York as an art adviser and auction specialist, has opened a new 2,000-square-foot gallery on the second floor of 96 Bowery in Manhattan. The inaugural exhibition, titled "Ghost," organized with Max Werner, opens Wednesday and runs through October 4, featuring contemporary artists like Francesca Mollett and Daniel Licht alongside 20th-century figures such as Lois Dodd, Richard Mayhew, Joan Snyder, Beverly Buchanan, Peter Saul, and Janet Sobel. Jarvis, known for spotting overlooked value in 20th-century artists, is transitioning from advising collectors to running his own gallery program.

blum staffers speak closure ex art basel boss slams art financialization

Tim Blum, founder of Blum Gallery, announced the closure of his gallery in early July, citing systemic problems and burnout. However, former employees and artists have since spoken out, claiming they were blindsided by the decision and criticizing the lack of notice, severance, and transparency. Some sources allege that poor business decisions, including a buyout of partner Jeff Poe and costly renovations in a shaky economy, contributed to the closure, while others dispute Blum's claims of strong sales at Art Basel. Separately, a bipartisan Senate bill seeks to extend a 2016 law aiding Holocaust victims in reclaiming Nazi-looted art, but major museums are pushing back, arguing the law unfairly hinders their ability to defend claims.

jenni crain gordon robichaux frieze new york

At Frieze New York 2025, New York gallery Gordon Robichaux has dedicated its Focus section booth to the late artist, curator, and dealer Jenni Crain, who died in 2021 at age 30 from COVID-19 complications. The booth features her wood and glass sculptures, a painting, and photographs, coinciding with a two-part exhibition at the gallery's Union Square space that includes a group show of artists Crain championed, such as March Avery. The presentation also realizes Crain's final artwork, a site-responsive basswood lattice, based on her fabrication drawings. Prices for her works range from $6,500 to $36,000.

Exhibition | Janet Laurence, 'Once Were Forests' at Cassandra Bird, Paris, France

Cassandra Bird Paris, supported by Zimmermann, presents 'Once Were Forests,' an immersive solo exhibition by Australian artist Janet Laurence. The show features a major installation alongside new sculptures, paintings, and photographs that explore ice, forest, and water as carriers of time, memory, and life. Soundscapes from Australian forests and birdsong deepen the sensory experience, inviting visitors into a contemplative space where ancient ecologies, present nature, and possible futures converge.

The Art Diary May 2026 – Revd Jonathan Evens

The article titled "The Art Diary May 2026 – Revd Jonathan Evens" appears to be a diary or column by Revd Jonathan Evens, published on Artlyst, covering art-related events, reflections, or commentary for May 2026. The specific content is not provided in the snippet, but the format suggests a curated overview of exhibitions, cultural happenings, or personal observations from the author's perspective.

FOG Design + Art Delivers Strong Sales and Institutional Momentum in San Francisco

FOG Design + Art opened its 2026 edition on January 21 with a gala benefit for SFMOMA's education initiatives, drawing strong attendance and sales. The fair, which blends contemporary art and collectible design, featured 85 works acquired by SFMOMA, including pieces by Ruth Asawa, Michael Armitage, Firelei Báez, Dorothea Lange, Gabriel Orozco, and Indigenous artists such as Jaune Quick-to-See Smith and Kay WalkingStick. Galleries like Wendi Norris presented ambitious, institution-worthy works, with a focus on visionary artists and the intersection of art, science, and spirituality.

Observer’s 2025 Art Market Recap: Recovery After a Year of Recalibration

After a turbulent start marked by gallery closures and market contraction, the art market in 2025 rebounded decisively, driven by a secondary-market surge in high-quality consignments. Major auction houses reported strong year-end results: Sotheby's projects $7 billion in consolidated sales (up 17%), Christie's expects $6.2 billion (up 7%), and Phillips reported $927 million (up 10%). Key sales included the $272 million Leonard & Louise Riggio collection at Christie's, the $527.5 million Lauder collection at Sotheby's (led by a $236.4 million Gustav Klimt), and the $136 million Karpidas sales. The year began quietly but gained momentum after summer, with deep bidding and strategic pricing driving a 26% increase in Sotheby's auction revenue and an 11% overall rise in fine art sales across Old Masters, Impressionist, Modern, Post-War and Contemporary categories.

Five forces that reshaped the art market in 2025

In 2025, the art market faced significant challenges, including gallery closures and unfavorable auction results in the first three quarters, driven by geopolitical pressures such as US President Donald Trump's tariffs. However, a rebound occurred in autumn, with buoyant fairs like Frieze London and Art Basel Paris, and strong November auctions in New York totaling over USD 2 billion, carrying momentum to Art Basel Miami Beach. Key events included Gustav Klimt's *Portrait of Elisabeth Lederer* selling for USD 236.4 million at Sotheby's, a record for a Modern work, and a Frida Kahlo self-portrait setting a new record for a work by a woman. Meanwhile, several galleries closed, including Blum, Venus Over Manhattan, Clearing, Kasmin Gallery, Tilton Gallery, and Perrotin and Pace's Hong Kong outposts, while others expanded, such as Thaddaeus Ropac in Milan and Hauser & Wirth in Sicily.

The Art Market Year in Review

The art market experienced a turbulent 2025, beginning with a 12% decline in sales from 2024, following a 3% drop in 2023, as reported by the Art Basel and UBS Global Art Market Report. Major auction houses Christie’s, Sotheby’s, and Phillips saw average sales fall 6% in the first half of the year. However, the market rebounded by autumn, with strong sales at London and Paris art fairs and a 15% year-on-year increase in auction sales at the three main houses by December, according to Pi-eX. Key events included Sotheby’s failed sale of Alberto Giacometti’s *Grand tête mince* in May, followed by a record-breaking $236 million sale of Gustav Klimt’s *Portrait of Elisabeth Lederer* in November, and a $31.4 million record for François-Xavier Lalanne’s *Hippopotame Bar*.

Out of the wrapper and into the gallery: the art of chocolate

Artist Anya Gallaccio discusses her use of chocolate as an art material, tracing her first experiments in 1992 at Rodolphe Janssen gallery in Brussels, where she commissioned chocolate guns, and her 1994 solo show "Brown on White" at Galerie Krinzinger in Vienna, where she painted gallery walls with melted couverture chocolate. The work invited visceral audience reactions, including licking the walls, and engaged with themes of desire, decay, and the colonial and class histories of chocolate consumption.

The Storm Hits the Art Market

The article reports on the severe downturn in the art market during the first half of 2025, focusing on the closure of New York-based Clearing gallery. Despite opting out of Art Basel to host an alternative exhibition in a rented villa to cut costs, the gallery could not survive its financial losses and announced bankruptcy in August. It is one of several prominent galleries—including Blum, Venus Over Manhattan, and Kasmin—that have closed amid falling sales, high overheads, and reduced collector spending.

9 Must-See Summer Shows in Upstate New York

Galerie magazine has compiled a curated list of nine must-see summer art exhibitions in upstate New York, highlighting the region's growing cultural significance. Featured shows include a Leonora Carrington survey at the Katonah Museum of Art, a historical exhibition on the Baghdad Modern Art Group at CCS Bard Galleries, and a collaborative installation by Antonio Marras and Maria Lai at Magazzino Italian Art. Other venues include The School in Kinderhook, The Campus near Hudson, Sky High Farms in Germantown, and the Edward Hopper House Museum & Study Center.

Dansaekhwa has taken over the modern art world. But the story of how that happened is up for debate.

The article examines the global rise of Dansaekhwa, a Korean monochrome painting style that has achieved record auction prices and widespread collector interest over the past decade. It traces key milestones, including two pivotal 2014 exhibitions at Kukje Gallery in Seoul and Blum & Poe in Los Angeles, and the surge in auction prices for artists like Kim Whan-ki, Park Seo-bo, and Chung Sang-hwa, culminating in a $13 million sale in 2019.