artists business art

Artnet News asked several working artists—Manuel Mathieu, Hanna Salomonsson, Aki Sasamoto, Nigel Hall, Sharmistha Ray, and Miljohn Ruperto—to share the practical and philosophical lessons that sustain their creative practices. Topics include building trust with collaborators, navigating financial uncertainty, setting up shared studio spaces, using recycled materials, maintaining optimism at age 82, reframing rejection, and adapting to the expectation that artists must act as entrepreneurs before their first gallery show.

sothebys 2025 sales results analysis

Sotheby's is projecting $7.0 billion in consolidated 2025 sales, a 17% increase over the previous year and the strongest result in the company's history. Auction sales rose 26% to $5.7 billion, driven by high-quality consignments including the Leonard A. Lauder Collection and a $236.4 million Klimt painting. Luxury sales climbed 22% to $2.7 billion, while RM Sotheby's surpassed $1 billion for the first time. The opening of Sotheby's new global headquarters at the Breuer Building was a commercial centerpiece, generating $1.17 billion in its inaugural week. The company also expanded rapidly in the Middle East, staging the first international auction in Saudi Arabia and launching Collectors' Week in Abu Dhabi.

louvre strike

On December 15, 2025, the Musée du Louvre in Paris was forced to close as approximately 400 of its 2,100 employees went on strike, picketing outside the museum's glass pyramids and turning away visitors. The strike follows a series of crises at the institution, including a $102 million jewel heist in broad daylight two months prior, a flooding incident from a burst water pipe in November, and ongoing concerns about deteriorating facilities, long lines, and substandard restrooms and dining areas. Workers are demanding higher wages and better conditions, with three trade unions—CGT, SUD, and CFDT—warning in an open letter that staff feel like "the last bastion before collapse."

ultra contemporary chinese artists market

The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.

komal shah making their mark foundation forum launch

Komal Shah, a prominent art collector, announced the renaming of her Shah Garg Foundation to the Making Their Mark Foundation, coinciding with a three-day forum in Washington, D.C., scheduled for March 2025. The foundation takes its name from the traveling exhibition "Making Their Mark: Works from the Shah Garg Collection," curated by Cecilia Alemani, which highlights women artists from Shah and her husband Gaurav Garg's collection. The forum, held at the Martin Luther King Jr. Memorial Library, will feature panels, keynotes, and performances organized around themes like Visionary Voices and Changemakers, with Alemani as curatorial director and Loring Randolph as director.

altman siegel closes gallery san francisco

Altman Siegel, a key gallery in San Francisco's art scene, will close in November 2025 after 16 years. Founder Claudia Altman-Siegel attributed the closure to a challenging market for mid-size galleries, stating it became too difficult to scale in the current climate. The gallery's final show is a solo exhibition by Shinpei Kusanagi, ending November 22. Its roster included artists such as Simon Denny, Lynn Hershman Leeson, Trevor Paglen, and others. The closure follows a trend of galleries shutting down or scaling back, including Blum and LA Louver in Los Angeles, and Clearing and Venus Over Manhattan in New York.

canal projects art space new york closing

Canal Projects, a nonprofit art space in New York's Tribeca neighborhood, announced it will close its physical location on May 23, 2026, after just four years of operation. The organization will pivot to a grant-making model, allocating $3 million over three years to support arts projects, including Ayoung Kim's upcoming exhibition at MoMA PS1. The decision was driven by the high costs of maintaining an outdated building and a desire to redirect resources toward direct financial support for artists. The space, launched in 2022 by the YS Kim Foundation, hosted notable shows by artists such as Karimah Ashadu, Sin Wai Kin, Candice Lin, Geumhyung Jeong, and Seung-taek Lee. Artistic director and curator Summer Guthery departed at the end of March 2025. The final exhibition will feature Jakkai Siributr, opening January 30, 2026.

william monk pace frieze london 2025

British painter William Monk is presenting a new series of paintings at Pace Gallery's solo booth at Frieze London 2025. The works, created during a residency at the Neuendorf House in Mallorca, feature obsessive cactus forms and a sentinel figure evolving from his earlier Ferryman series. Monk's studio visit reveals his meticulous process of controlling every detail, with paintings that recall Seurat and Bonnard in their dense, rhythmic brushwork.

clearing gallery closes

Clearing, a New York-based gallery known for launching the careers of artists like Korakrit Arunanondchai, Harold Ancart, and Marguerite Humeau, has permanently closed its spaces in New York and Los Angeles after 14 years. Founder Olivier Babin cited an unsustainable path forward, stating the gallery could no longer operate at its standards. The closure follows a wave of New York gallery shutdowns, including Blum, Venus Over Manhattan, and Kasmin, which is transitioning into a new entity called Olney Gleason. Clearing’s final exhibitions were solo shows by Coco Young in New York and Henry Curchod in Los Angeles.

by the numbers christies riggio

Christie’s New York held the spring season’s largest single-owner auction, the Leonard & Louise Riggio collection, on Monday evening. The sale achieved $271.9 million total with a 97% sell-through rate by lot, led by Piet Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) at $47.6 million. However, a detailed analysis reveals that the hammer total fell $26 million short of the guarantee, and 93% of the value was pre-sold to third-party backers, leaving Christie’s with a razor-thin margin of roughly 7.8% before marketing costs and guarantor fees.

With $116 Million Gift, National Gallery Will Send Its Art Around Nation

The National Gallery of Art in Washington, D.C., has received a $116 million gift from billionaire art collector Mitchell P. Rales. This donation will fund a new program to send the museum's collection on long-term loans to smaller institutions across the United States in perpetuity, significantly expanding its national reach.

Getty Center to Close in Los Angeles as Major Renovation Looms

The Getty Center in Los Angeles will close for a full year starting March 15, 2027, to undergo its first major renovation since opening in 1997. The "modernization initiatives" include updates to the galleries, a redesign of the Welcome Hall with a new café, and the replacement of the iconic tram system to increase passenger capacity. During the closure, the Getty Villa in Malibu will remain open and display highlights from the Center’s permanent collection, while additional programming will be held at a temporary space on Sepulveda Boulevard.

Robert Rauschenberg Foundation Estate Sold to Florida Resort

The Robert Rauschenberg Foundation has sold the late artist’s twenty-two-acre estate on Captiva Island, Florida, to the neighboring South Seas resort for $45 million. The sale includes ten buildings, most notably Rauschenberg’s custom-built 8,000-square-foot studio and his historic "Beach House." While the resort plans to integrate the property into its operations and host art-related programming, the foundation cited escalating maintenance costs and environmental risks from climate change as the primary reasons for the divestment.

Stockholm's Market Art Fair is a new model art fair from which to learn something

La Market Art Fair di Stoccolma è un nuovo modello di fiera d’arte da cui imparare qualcosa

The Market Art Fair in Stockholm, founded in 2006 by galleries from Denmark, Sweden, Norway, and Finland, held its 20th edition from April 23-26, 2026, at Magasin 9 during Stockholm Art Week. The fair features 54 exhibitors from 8 countries and 150 artists, with 80% of works tied to the Nordic context and 20% international. Highlights include a solo presentation by Olafur Eliasson at i8 Gallery (Reykjavík) featuring his sculpture *Rare metallic plant* (2026), and a preview of the Nordic Pavilion at the Venice Biennale by artist Benjamin Orlow at Season 4 Episode 6 gallery. The fair has recently opened its selection to international galleries, a shift welcomed by collectors.

The Box LA, Beloved Risk-Taking Art Space, Closes After 19 Years

The Box LA, a pioneering experimental art space in Los Angeles known for its fearless support of unconventional and performance art, is closing after 19 years. Founded in 2007 by Mara McCarthy in Chinatown (later moving to the Arts District), the gallery operated as a commercial space but with a nonprofit ethos, championing underrecognized artists from her father Paul McCarthy's generation alongside emerging talents. Its final exhibition, a retrospective of Wally Hedrick presented with Parker Gallery, ended April 4, with a closing celebration planned for June 6 featuring a fashion show by Johanna Went. The closure is attributed to financial struggles, exacerbated by the Eaton Fire that destroyed McCarthy's home and her family's, and a shift in support from McCarthy Studios.

In Giverny, Monet does not benefit everyone

À Giverny, Monet ne profite pas à tout le monde

The article examines the economic paradox of Giverny, the French village where Claude Monet lived and painted. While Monet's gardens attract nearly one million visitors annually—with ticket sales estimated at €9-10 million—the village itself, with a population of just 430 and an annual budget of €600,000, sees almost none of that revenue. Visitors flood in for half-day trips, queue for hours to see the gardens, and leave by evening, spending little in local shops. The gardens, run by the Académie des beaux-arts, are tax-exempt and operate as a closed economic loop, with their boutique and restaurant generating income that stays within the institution.

chicago neighbors expo satellite fair

Collector Mirka Serrato and gallerist Jonny Tanna are launching Neighbors, a new satellite art fair debuting during Expo Chicago in April 2025. Located in a 1,200-square-foot neoclassical apartment in Chicago’s Gold Coast, the fair rejects traditional booth structures in favor of a domestic, intimate setting. The inaugural exhibitor list features a mix of local and international galleries, including London’s Gathering and Harlesden High Street, as well as spaces from New York and Dallas.

London Dealer Stephen Friedman Owes $10.6 M. to Dozens of Creditors, Including Artists Deborah Roberts and Kehinde Wiley

London-based gallery Stephen Friedman has accumulated debts of approximately $10.6 million, according to official documents filed with Companies House. Creditors include Coutts & Co. bank (£3.2 million), Pentland Group Ltd. (£1.4 million), the UK tax authority, the Pollen Estate, art logistics company Crozier, and several prominent artists—Alexander Diop (£341,905), Deborah Roberts (£289,232), and Kehinde Wiley (£163,849). The gallery closed its New York space in November 2024 after just two years, then abruptly shut its London location and entered insolvency proceedings in February 2025, shortly after pulling out of Art Basel Qatar. A restructuring proposal by FRP Advisory was approved on 22 April.

alserkal art month dubai art week expansion art dubai 2026

Alserkal Avenue in Dubai is expanding its traditional Art Week into a five-week "Art Month" running from April 18 to May 18. This strategic extension includes 16 gallery exhibitions, over 100 public events, and a new commercially focused group show featuring 12 UAE-based galleries. The initiative aims to provide a more sustainable platform for the local art ecosystem, especially as the Art Dubai fair has been rescheduled to mid-May and adapted in response to regional instability.

Patron Gallery Adds Miao Wang to Its Roster, and More: Industry Moves for April 1, 2026

Several galleries announced new artist representations and expansions. Patron Gallery added painter Miao Wang, who will appear at Expo Chicago; Jessica Silverman added Neo-Pop painter Koak; Anat Ebgi added painter Veronica Fernandez; and Sundaram Tagore Gallery opened a new London space. Additionally, Open Restitution Africa launched an AI-powered database to assist with restitution processes.

artists dealers

A growing number of prominent art dealers across New York, London, Los Angeles, Brussels, and Reykjavik began their careers as artists, not salespeople. Figures like Jack Hanley, Sebastian Gladstone, Börkur Arnarson of i8 Gallery, and the team behind Galerie Sardine (Joe Bradley and Valentina Akerman) all transitioned from studio practice to gallery ownership. The article explores how their firsthand experience as artists shapes their approach to representing others, from patience with the creative process to building artist-centered business models.

sam falls collaborates with ruinart

Sam Falls has created two paintings, "Rewilding" (2024) and "King's Crossing" (2024), for Ruinart's "Conversations with Nature" program, following a residency at the Champagne house's Taissy vineyard near Reims. The works, which incorporate natural materials and ecological processes, will debut at Art Basel Miami Beach in December 2024 before traveling to Ruinart's headquarters. Falls's practice involves arranging plants on canvas and using pigment that reacts to humidity and sunlight, reflecting a collaboration with the environment.

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.

mr wash community center compton book fundraiser

Artist Fulton Leroy Washington, known as Mr. Wash, is establishing the Art By Wash Studio & Community Center, a 13,000-square-foot campus in Compton, California, to serve recently incarcerated individuals and local youth. Released in 2016 after President Barack Obama commuted his life sentence for nonviolent drug offenses, Mr. Wash taught art in prison for 18 years and later gained recognition in the art world, including a breakout appearance at the 2020 Made in L.A. biennial. The center, designed pro bono by Morphosis Architects and The NOW Institute, will offer art-making instruction, studio space, materials, and exhibition opportunities, with the goal of connecting emerging artists to curators and galleries. The project is currently fundraising $100,000 for its first phase, with completion targeted for 2028.

a pay to play art show in marfa sparks controversy and more juicy art world gossip

The Marfa Invitational, a small art fair in West Texas, has sparked controversy after pivoting to a new format called the "Marfa Invitational Open." The fair issued an open call to Texas-based artists, charging a $75 application fee and later requiring an additional $150 "installation fee" not disclosed in the original terms. Over 500 artists applied, but many dropped out after the hidden fee was revealed, leading to a boycott campaign. Approximately 160 artists ultimately exhibited at the Saint George Hotel last weekend. The fair had previously faced scandal in 2023 when its tax-exempt status was revoked due to cofounder Michael Phelan's failure to file required paperwork.

How Sweden Built One of Europe’s Most Stable Art Markets

The article examines Stockholm's art scene and its role in building one of Europe's most stable art markets. It highlights Market Art Fair, the city's main contemporary fair founded in 2006 by Nordic galleries, which has become the leading commercial art fair in the region and the anchor of Stockholm Art Week. The piece profiles several galleries, including Steinsland Berliner and ISSUES Gallery, and artists such as Linnéa Sjöberg and Arvida Björström, whose work explores identity, digital culture, and emotional labor. The scene is described as small but lively, with galleries collaborating closely and collectors showing patience.

In Giuseppe Penone’s Sculptures, Humankind and Nature Are One

Giuseppe Penone is preparing for his exhibition 'The Reflection of Bronze' at Gagosian's New York flagship, running from April 22 through July 2. The show, curated by former Whitney Museum director Adam D. Weinberg, features eighteen artworks from 1995 to the present, including the new sculpture 'Marsia (Marsyas)', and is designed to create a forest-like sensory immersion using materials like cork.

20 shows to see beyond India Art Fair

The article highlights 20 art exhibitions across India running concurrently with the India Art Fair, focusing on six key shows. Atul Dodiya presents 'The Gatecrasher' at Vadehra Art Gallery in Delhi, featuring 12 large-scale oil paintings that weave pop culture, art history, and personal memory. Sudarshan Shetty's 'A Breath Held Long' at GallerySKE explores the intersection of voice, body, and urban life through film and steel sculptures. Bikaner House hosts 'Typecasting: Photographing the People of India 1855-1920,' a critical exhibition of colonial ethnographic photographs. The Kolkata Centre for Creativity presents 'Convergences: A Shared Ground' examining artistic and architectural practices from eastern and northeastern India. Nilaya Anthology in Mumbai showcases a retrospective of architect Pinakin Patel, 'The Turning Point,' featuring 11 signature pieces.

SF Art Week brings new exhibitions to downtown SF landmark

The Institute of Contemporary Art San Francisco (ICA SF) is hosting a kickoff party for the third annual SF Art Week on January 17, 2026, at the Transamerica Pyramid Center. The event unveils two free public exhibitions: Tara Donovan's 'Stratagems,' featuring sculptures made from upcycled CD-ROM discs, and Lily Kwong's 'Earthseed Dome,' a 3D-printed installation with seeds that will grow over time. Both installations are on view through July 31. The ICA recently left its permanent space at The Cube on Montgomery Street to adopt a nomadic model, staging pop-up exhibitions in vacant buildings, public spaces, and landmarks like Pier 24 and the Dogpatch Power Station.

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.