state of the art market trophy lots and the new competitive auction landscape

The article examines the growing financialization and opacity of the fine-art auction market, highlighting how auction houses like Christie's and Sotheby's have made it increasingly difficult for outsiders to understand true demand for individual lots. It details how buyer's premiums, guarantees, and irrevocable bids (third-party guarantees) obscure the actual bidding dynamics, with only a small group of wealthy financiers and intermediaries having clear insight into the market's inner workings.

art institute chicago school pro palestine labor activism

Kelly Xi, an artist and lecturer at the School of the Art Institute of Chicago (SAIC), was placed under investigation and administrative leave after using a school photocopier to produce materials for a pro-Palestine student exhibition and sharing an email list for a faculty union petition. The exhibition advocated for divestment from Israel and criticized the school's handling of a protest encampment that led to dozens of arrests in May 2024. The actions were organized by Students for the Liberation of Palestine (SLP), targeting trustee A. Steven Crown, whose family owns a stake in defense contractor General Dynamics and donated to pro-Israel groups.

San Francisco’s Modern Art Museum Reimagines the Fisher Collection

The San Francisco Museum of Modern Art (SFMOMA) has unveiled a massive reinstallation of the Doris and Donald Fisher Collection, featuring approximately 250 works. This presentation is part of a landmark 100-year partnership established in 2009, which requires the museum to dedicate significant gallery space to the Fishers' holdings every decade. The current exhibition showcases blue-chip staples of postwar and contemporary art, including major works by Ellsworth Kelly, Gerhard Richter, and Agnes Martin.

Independent Art Fair Trades Downtown for the World

The Independent Art Fair has moved to Pier 36 on the Lower East Side waterfront for its 17th edition, running through May 17. The fair features 76 booths with a more spacious, warehouse-like layout, and a noticeably older, glossier crowd compared to previous years. Exhibitors include Los Angeles-based ATLA and Diane Rosenstein galleries, as well as international participants like Bogotá's SGR Gallery, showcasing solo presentations by artists such as Yoshikazu Tanaka, Kuniko Kinoto, and Johan Samboní. The fair has also announced partnerships with Sotheby's for its 20th-century edition and with the nonprofit Henry Street Settlement, signaling a tension between upscale ambitions and local community ties.

In Paris, Highly Mobile Gallerists

À Paris, des galeristes très mobiles

The Parisian art scene is experiencing a significant wave of gallery expansions and relocations across both the Right and Left Banks. Major developments include Kamel Mennour acquiring the former Malingue gallery space on Avenue Matignon for secondary market masterpieces, and Christophe Person moving from the Marais to a redesigned space on Rue du Bac with the backing of collector Jean Claude Gandur. Other notable moves include London-based Waddington Custot opening a Parisian branch, Singapore's Cuturi Gallery settling in the Palais-Royal, and Vincent Sator inaugurating a new space in the David Chipperfield-designed Morland Mixité Capitale complex.

The Works, Trends, and Artists Artnet Specialists Can’t Stop Thinking About

Artnet Auctions has three sales currently live: Post-War and Contemporary Art (through May 20), Contemporary Editions (through May 29), and Private Sales for immediate purchase. Three Artnet specialists highlight key lots: Robert Rauschenberg's 'Corridor (Hoarfrost)' (1978), Emily Mason's 'Express Report' (1988), and Andy Warhol's 'Double Mickey Mouse' (1981). The specialists discuss market trends, including the growing importance of artist foundations in supporting scholarship and market health, the rapid revaluation of post-war women abstractionists like Mason, and shifts in the prints market as consignors leverage demand.

whitney open plan fifth floor

The Whitney Museum of American Art is launching a new program called "Open Plan" in its fifth-floor galleries from February 26 to May 14, 2016. The program will feature a series of solo projects by artists including Andrea Fraser, Lucy Dodd, Michael Heizer, Cecil Taylor, and Steve McQueen, each presenting work for a short duration in the museum's largest column-free gallery space. The initiative aims to showcase the newly opened Renzo Piano-designed building's full potential and encourage repeat visits.

gust klimt 100 million club

Sotheby's is offering Gustav Klimt's "Portrait of Elisabeth Lederer" (1914-1916) from the estate of the late collector and philanthropist Leonard Lauder with an asking price exceeding $150 million. The consignment also includes two Attersee landscapes valued at over $70 million and $80 million respectively, potentially generating over $300 million from just three lots. This sale follows Ronald Lauder's record-setting $135 million private purchase of Klimt's "Portrait of Adele Bloch-Bauer I" in 2006, and is guaranteed to set a new auction record for the artist, surpassing the current $108.8 million benchmark.

barbara kruger untitled questions ice protests la

Barbara Kruger's monumental text-based mural "Untitled (Questions)" (1990/2018) at the Geffen Contemporary in Los Angeles has become a backdrop for National Guard deployments during protests against ICE raids. Originally commissioned by MOCA in 1989, the 191-foot-long work asks "WHO IS BEYOND THE LAW?" and has been photographed twice with armed soldiers beneath it—first in 1992 during the Rodney King protests, and again this week as President Donald Trump deployed the National Guard to quell demonstrations against immigration enforcement. Photographer Jay L. Clendenin captured the latest image, showing a calm scene that belies nearby unrest.

Sculptor Thaddeus Mosley dies at 99.

Sculptor Thaddeus Mosley dies at 99.

Sculptor Thaddeus Mosley, a self-taught artist renowned for his monumental abstract wood sculptures, has died at the age of 99. Working for decades in his Pittsburgh basement, Mosley used locally sourced felled trees and traditional hand tools to create dynamic, asymmetrical forms that channeled both modernist principles and African artistic traditions. His prolific career, which began in his 30s, gained significant institutional recognition only in his later decades, culminating in a major 2022 solo exhibition at the Baltimore Museum of Art.

Aneta Grzeszykowska Shoots Poetic Portraits in a Mask of Herself at Age 14

Polish artist Aneta Grzeszykowska is presenting two photo series in New York: "Mama" (2018), featuring a life-like doll of herself played with by her young daughter, and "Daughter" (2025), for which she wears a mask of her 14-year-old self and poses with family members. "Mama" is included in the "New Humans" exhibition at the New Museum and previously appeared in the 2022 Venice Biennale's "Milk of Dreams." "Daughter" is on view at Lyles & King gallery on the Lower East Side through May 9, and also in the group show "Adolescence" at the Zachęta National Gallery of Art in Warsaw. The series extend Grzeszykowska's long-standing practice of manipulating family photographs, which began with her 2005 series "Album," where she removed herself from old family pictures.

lucy raven dam removal murderers bar

Artist Lucy Raven has completed her film trilogy, "The Drumfire," with the release of Murderers Bar (2025). The 42-minute film documents the historic removal of four dams along the Klamath River, capturing the dramatic release of water and the restoration of a river system flowing from Oregon through Northern California. The work is currently on view at the Power Plant in Toronto and is scheduled to travel to the Institute of Contemporary Art Boston in May.

diego marcon video art star new museum uncanny

Diego Marcon, an Italian video artist known for his uncanny and meticulously crafted films, is gaining significant attention in the United States. He recently had his first American solo show at the Renaissance Society in Chicago and is preparing for another at the New Museum in New York. His work, such as the video "La Gola" (2024), features hyper-realistic, inanimate busts with animated eyes that speak about bodily experiences, blending narrative with structuralist film techniques. Marcon's films often explore family dynamics and the materiality of film, creating dreamlike experiences that haunt viewers.

art world joe rogan onx expands and more industry moves

This week's art industry moves include Allison Blais being named President and CEO of the Wadsworth Atheneum, succeeding Jeffrey N. Brown. The Onassis Foundation's ONX art-and-tech hub is expanding with a new Tribeca space opening in January 2026, debuting with the exhibition "TECHNE: Homecoming." Other appointments include Frank Lord joining Withers as senior counsel, Matthew Stavro becoming Senior Specialist at Freeman's, and Madeline Cornell as Sales Director at Morgan Presents. Galleries announced new artist representations: Anthony Meier and von Bartha jointly represent the estate of Barbara Stauffacher Solomon, Jessica Silverman now represents Lava Thomas, Kendall Koppe represents Michael Bühler-Rose, and David Kordansky Gallery takes on Tristan Unrau. The Spector Craft Prize launches with Crystal Bridges Museum partnership. A blue diamond pendant known as the Mellon Blue sold at Christie's for $25 million, a 22% drop from its previous sale. The New York Times explores whether artist-podcaster Joshua Citarella could be the "Joe Rogan of the left."

tate acquires works 2025 frieze london

On the VIP day of Frieze London 2025, Tate acquired three new works by female artists for its collection: Lubna Chowdhary's ceramic and wooden sculpture *Assembly* (2025) from Jhaveri Contemporary, Barbara Walker's drawing *End of Affair II* (2025) from Victoria Miro, and Madge Gill's *Untitled (Venus Mid Heaven)* (1920-30) from the Gallery of Everything at Frieze Masters. The purchases were made through the Frieze Tate Fund, which provides £150,000 in philanthropic support, previously funded by Endeavor and now by Mari, Ariel Emanuel's newly formed company that recently acquired Frieze.

sarah meyohas desert x nft

Artist Sarah Meyohas has unveiled her first public art installation, "Truth Arrives in Slanted Beams" (2025), for the 2025 edition of Desert X in California's Coachella Valley. The monumental curved structure uses no electricity; instead, precisely milled mirrored discs reflect sunlight onto a white wall to form legible patterns and messages through the optical phenomenon of caustics. The work was created in collaboration with the Swiss company Rayform, which specializes in calculating caustic light patterns, pushing their technology to its largest scale yet.

art artist couples eric firestone gallery

A new exhibition titled “Couples” at Eric Firestone Gallery in New York features the work of 26 artist-partners, exploring how they navigate material, color, and form in complementary ways. The show runs through May 2. CULTURED magazine brought together five duos from the exhibition to answer questions about mixing professional and personal lives, with each artist responding without seeing their partner’s answers. Featured couples include Caitlin Lonegan and Spencer Lewis, who discuss topics such as sharing studios, jealousy, and role models like Charline von Heyl and Christopher Wool.

young dealers old masters art market

A new generation of young gallerists is revitalizing the art market by specializing in historical art forms—from ancient jewelry and Old Master drawings to Art Deco and overlooked women Impressionists. The article profiles seven dealers who launched their businesses between ages 22 and 41, with half based in London. Notable figures include Pauline Pavec and Quentin Derouet (co-founders of Pavec, focusing on 19th- and 20th-century women artists), Baron Lorne Thyssen-Bornemisza (Kallos Fine Jewellery, ancient jewelry), and Maxime Flatry (20th-century art and design). Two of the dealers will exhibit at Frieze Masters this October, directed by Emanuela Tarizzo, who emphasizes that collectors and institutions increasingly seek cross-century narratives.

labubu kasing lung art market

The article examines the meteoric rise and current cooling of the market for Labubu, the Nordic fanged monster character created by artist Kasing Lung. After a decade of slow development, Labubu exploded in popularity through Chinese toy blind-box manufacturer Pop Mart, leading to record auction sales in 2025. Yongle Auction in Beijing organized the world's first themed Labubu sale, where a mint-green sculpture sold for RMB 1.242 million and a painting, 'Pure' (2021), fetched RMB 1.61 million, setting successive records. The frenzy attracted a diverse range of buyers, from streetwear collectors to traditional ceramics enthusiasts, many of whom share their purchases on social media platforms like Douyin.

met opera may sell prized marc chagall paintings

New York's Metropolitan Opera is considering selling two monumental Marc Chagall murals, 'The Sources of Music' and 'The Triumphs of Music' (1966), valued at $55 million by Sotheby's, to address a severe financial crisis. The Met has already drawn $120 million from its endowment, reduced performances, and struck a controversial $100 million deal to perform in Saudi Arabia, which has drawn scrutiny over human rights abuses. The murals, which hang in the Grand Tier, would remain in place even if sold, and the Met is also exploring naming rights and theater leasing.

portland art museum expansion renovation

The Portland Art Museum has completed a $116 million expansion and renovation, integrating two neighboring buildings and adding nearly 100,000 square feet of public and gallery space. The centerpiece is a 21,000-square-foot glass pavilion named after Mark Rothko, who grew up in Portland and attended the museum's art school. The project, largely privately funded, unites the original 1932 Belluschi building with the 1927 Mark Building (a former Masonic Temple) via a transparent, 24-hour pedestrian tunnel. Director Brian Ferriso led the capital campaign, which also raised $30 million for the endowment, and recruited Hennebery Eddy Architects and Vinci Hamp Architects as designers.

Secretive LA art dealer Larry Gagosian to be subject of 'juicy' unauthorized doc

An unauthorized documentary about mega-gallerist Larry Gagosian is in the works, directed by Barry Avrich, who previously helmed the Netflix hit "Made You Look: A True Story About Fake Art." Titled "Shadow Man: Inside The Secret World of Larry Gagosian," the film promises to feature former employees and artists sharing insider stories about Gagosian's empire. Avrich has a track record of documentaries on high-profile figures, including Lew Wasserman and Harvey Weinstein.

A brush with… Danh Vo—podcast

Conceptual artist Danh Vo discusses his multifaceted practice in a new podcast interview, exploring how his work weaves together personal autobiography, queer identity, and his experience as a Vietnamese immigrant. The conversation delves into his collaborative methods, his use of found objects ranging from religious sculptures to household items, and his upcoming exhibitions at the Stedelijk Museum in Amsterdam and White Cube in New York.

15 of the Most Anticipated Museum Exhibitions Around the World in 2026

Major museums worldwide have announced their flagship exhibitions for 2026, featuring a diverse array of artists and historical periods. Highlights include a Frida Kahlo retrospective at the Museum of Fine Arts, Houston, exploring her rise to icon status; a survey of Ovid's influence on art from Caravaggio to Louise Bourgeois at Amsterdam's Rijksmuseum; a centennial exhibition for Mary Cassatt at the National Gallery of Art; and the largest career survey to date for Tracey Emin at Tate Modern. Other key shows feature Carol Bove at the Guggenheim Museum, Korean national treasures at the Art Institute of Chicago, and exhibitions at the Whitney Museum, the Museum of Modern Art, and the Louvre.

Who Are the 10 Top-Selling Living American Artists?

Artnet's Auction Price Database reveals the top 10 living American artists by auction sales value in 2024, with the U.S. art market generating $4.3 billion. The list includes Cindy Sherman ($180.9 million total sales, record $6.8 million for Untitled Film Stills), Mark Bradford ($226.6 million, record $12 million for Helter Skelter I), and Mark Grotjahn ($241 million, record $16.8 million for Untitled (S III Released to France Face 43.14)). Sherman is the only woman and photographer on the list; Bradford is the only African American and represented the U.S. at the 2017 Venice Biennale; Grotjahn is a California-based abstract painter.

The Art World This Week: 20 June 2025

This week's art news is dominated by the opening of Art Basel 2025, where dealers reported a strong start with numerous six-figure sales, including a David Hockney painting at Annely Juda Fine Art for $13–17 million and a $9.5 million Ruth Asawa sculpture at David Zwirner. Other major developments include the Museum of Modern Art announcing a major Marcel Duchamp survey for 2026, the reopening of a historic Paris building (temporary home for Centre Pompidou) after a £395 million rebuild, and the Studio Museum in Harlem receiving a significant gift from Vancouver real estate magnate Bob Rennie. The article also covers gallery representation changes, awards, and the passing of sculptor Joel Shapiro and businessman/art patron Leonard Lauder.

Art Basel 2025

Art Basel 2025 opened with strong preview-day sales, surprising many galleries after a tough year in the art market. Dealers reported a 'buyer's market' with price reductions and flexibility, while high-priced works by Jeff Koons, Michael Armitage, Adrian Ghenie, and Frank Bowling sold. The fair introduced a new section called Premiere for works made in the past five years, aimed at easing participation for small to mid-sized galleries. Satellite fairs including Africa Basel, Liste, Volta, and Maze Design Basel also launched or celebrated anniversaries. Other highlights include the Baloise Art Prize awarded to Rhea Dillon and Joyce Joumaa, a Holbein drawings rehang at Kunstmuseum Basel, and a visa denial for artist Richard Mudariki. Qatar took center stage ahead of a new fair in 2026, and limited-edition Labubu figurines caused a frenzy at the Art Basel Shop.

A $433 Million Boost for the Market

Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.

Art of Luxury

The article introduces *Art of Luxury*, a biannual magazine published by *The Art Newspaper* that examines the intersection of high-end fashion, jewelry, travel, and lifestyle with the visual arts. It covers how luxury brands engage with artists, the art market, and museums and heritage institutions.

art basel miami beach dispatch 2025

The article recounts the author's experience at Art Basel Miami Beach 2025, beginning with a moment of reflection on the beach before the fair week's chaos. Three veteran attendees—an artist, an advisor, and a gallery owner—chose to skip the event this year, citing lackluster parties, declining collector interest in Miami compared to Paris, and poor sales attrition. Despite these doubts, the fair saw strong sales, with Hauser & Wirth reporting a 40% increase in the first three hours, and a new digital art sector boosting optimism. Pop-up exhibitions, like "The Body is The Body" at the Rice Hotel, were highlights, while Vanity Fair's party remained the most coveted invite.