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Tim Blum will phase out traditional gallery model, close Los Angeles and Tokyo locations

Tim Blum, co-founder of the influential Los Angeles gallery Blum (formerly Blum & Poe), announced he will phase out the traditional gallery model, closing the gallery's permanent public spaces in Los Angeles and Tokyo. Blum cited burnout from the relentless demands of art fairs and gallery openings, emphasizing the decision is about the system, not the market. The gallery, which introduced American audiences to Japanese artists like Yoshitomo Nara and Takashi Murakami and gave early shows to Mark Grotjahn and Anna Weyant, will shift to a more flexible model involving collaborations and special projects. A previous New York space closed in 2023, and a Tribeca space's future remains undetermined.

stevenson gallery closing johannesburg branch

Stevenson Gallery is closing its Johannesburg branch after 17 years, with the last day on December 12. The final exhibition, Tofo Bardi's "Underground: Nothing to Hold," will close early. The gallery's Cape Town and Amsterdam locations will remain open. Founded in Cape Town in 2003 by Michael Stevenson, the Johannesburg outpost opened in 2008 and moved several times before settling in Parktown North in 2019.

artists market

Artnet News reports on how the recent art market downturn has severely impacted working artists, particularly those reliant on mid-tier galleries. Following a three-year contraction driven by higher interest rates and reduced spending, many galleries have closed or cut costs, leading to fewer exhibitions, delayed payments, and precarious incomes for artists. Some have been dropped by their galleries, while others have taken on second jobs or shifted toward corporate-sponsored public commissions. The article includes data showing low median earnings for artists in the U.S., Germany, and the U.K., and quotes gallerist Facundo Argañaraz on the stigma artists face when pivoting careers.

Modern mega gallery: Global art gallery to open Bay Area branch

The global mega-gallery Hauser & Wirth is opening a new branch in Palo Alto, California, in the historic Downing Block building, a former U.S. Post Office. The gallery, designed by architect Luis Laplace, will open in the fall and aims to bring influential contemporary art exhibitions to the Bay Area.

In a ‘K-shaped’ economy, the art market's recovery could rely on the super-rich

Sotheby's and Christie's held a series of high-profile auctions in New York in late 2025, generating a combined $2.2 billion from major collections including the Leonard A. Lauder collection, the Cindy and Jay Pritzker collection, and the Robert F. and Patricia G. Ross Weis collection. Star lots included Gustav Klimt's portrait of Elisabeth Lederer ($236.4m), a Vincent van Gogh still life ($62.7m), a Frida Kahlo self-portrait ($54.7m), and a Mark Rothko abstract ($62.2m). Despite these strong results, the total was still 30% below the equivalent sales in 2022, and the article notes a growing number of contemporary gallery closures in 2025.

Art market 2025 review: all eyes on the Gulf as Trump destabilises global order

The global art market continued to contract in 2025, with prominent galleries such as Blum, Clearing, Sperone Westwater, Tilton, Kasmin, TJ Boulting, Project Native Informant, Nir Altman, and Altman Siegel closing due to challenging macroeconomic conditions. However, a rebound emerged at the top end by autumn, driven by Sotheby's white-glove sale of the Pauline Karpidas collection, strong VVIP sales at Art Basel Paris, and New York's November auctions, where Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.3 million and Frida Kahlo's *El Sueño (la cama)* (1940) for $54.7 million. Christie's and Sotheby's reported increased sales from 2024, with second-half auctions up 26% year-on-year, though recovery remains uneven and concentrated in classic secondary-market tastes.

The Armory Show jumpstarts New York art market after summer of hand-wringing

The Armory Show opened its 2024 edition in New York with solid sales during the VIP preview on September 4, providing a positive signal for the city's art market after a summer marked by gallery closures and economic uncertainty. The fair saw the return of over 20 galleries that had previously taken a hiatus, including Andrew Kreps, Uffner and Liu, Instituto de Visión, and White Cube for the first time since 1994. Fair director Kyla McMillan emphasized the importance of rooting the fair in New York and praised exhibitors for taking risks with experimental works, such as Nikita Gale's installation 'Interceptor' (2025), which sold for $60,000 before the preview began.

A former director at Lower Manhattan galleries goes it alone Uptown

Christiana Ine-Kimba Boyle, a former director at Lehmann Maupin, Canada, and Pace, has launched Gladwell Projects, a nomadic gallery with a staff of one. The gallery's second show, "The Spirituality of Color," opens October 3 in a Harlem townhouse, featuring works by Sam Gillam, Kylie Manning, and others. Its first show, "The Metroplex," was held in collector Christie Williams's Dallas home during the Dallas Art Fair, resulting in acquisitions by the Dallas Art Museum. Ine-Kimba Boyle aims to present blue-chip rigor at a smaller, community-focused scale, part of a "Domestic Interventions" series in private homes.

‘Sometimes you just have to go for it’: as others close, Ben Hunter expands his London gallery

London art dealer Ben Hunter is bucking the trend of gallery closures by expanding his gallery into a full townhouse at 44 Duke Street in St James’s, set to open this October. Hunter, who previously worked for Old Master dealer Derek Johns and sculpture specialist Robert Bowman, founded his gallery in 2018 and has gradually taken over more space in the building as other tenants left. The historic townhouse was originally where Jay Jopling launched White Cube in 1993. Hunter cites the need to match the ambition of his artists and seize opportunities as key reasons for the expansion, despite the challenging market.

‘Everyone's suffering right now’: New York and Los Angeles gallery Clearing will close

Clearing, the influential New York and Los Angeles gallery that launched the careers of many prominent artists, will close both locations. Founder Oliver Babin announced the closure on August 7, citing crushing overhead costs—rent, shipping, and art fair expenses—that outpaced declining revenue. The gallery opened in 2011 in Bushwick, later moved to the Bowery in Manhattan in 2023, and expanded to Brussels and Los Angeles. Babin described the decision as inevitable, noting that the gallery had been kept alive by hope but now faces no viable path forward. The closure follows a wave of US gallery shutdowns this summer, including Kasmin, Venus Over Manhattan, and Tim Blum’s spaces.

Art Market Auctions Recovered Late 2025, But Not A "Comeback" – Citi Wealth

Citi Wealth's report, "State of the Art Market 2026: Don’t Call It A Comeback," finds that the global art market entered 2026 with renewed optimism, but confidence is highly selective and concentrated at the high and accessible ends. The November 2025 Modern and Contemporary Art auctions in New York surged 77% year-on-year to $2.2 billion, driven by the record-breaking $236.4 million sale of Gustav Klimt's *Portrait of Elisabeth Lederer* from the Leonard Lauder collection. However, numerous galleries closed in 2025, including BLUM gallery and Venus Over Manhattan, and traditional hubs like London and New York face slow growth while emerging regions gain influence.

Los Angeles’s next generation of dealers forges new paths

Despite a wave of high-profile gallery closures and economic pressure from the shrinking entertainment industry, a new generation of Los Angeles art dealers is finding resilience through local community ties. While major outposts like Michael Werner and Sean Kelly have shuttered, local mainstays argue that the market is not failing but rather correcting itself against unrealistic expectations. Success in the current climate requires a physical presence and deep-rooted relationships that satellite galleries often struggle to maintain.

The City’s only Pan-African contemporary art gallery opens soon

A new gallery called Art of Contemporary Africa (AOCA) will open on February 12, 2026, at San Francisco's Minnesota Street Project in the Dogpatch neighborhood. Founded by gallerist Craig Mark and artist Clint Strydom, it is the city's first and only gallery dedicated to contemporary Pan-African art. The inaugural exhibition, “Afropop,” will feature works by artists including Esther Mahlangu, Denis Mubiru, Ayanda Mabulu, Samuel Allerton, and Vusi Beauchamp. The gallery builds on the founders' decade of experience running The Melrose Gallery in South Africa, which will become AOCA's sister site.

Southern Guild gallery to close in Los Angeles, open in New York

Southern Guild, a gallery founded in Cape Town, South Africa, is closing its Los Angeles location, which opened in February 2024, and will open a new 4,000-square-foot space in Manhattan's Tribeca neighborhood in March 2026. The gallery is making its debut at Art Basel Miami Beach this week, featuring works by artists including Zizipho Poswa, Marcus Leslie Singleton, Zanele Muholi, Chloe Chiasson, and Ambrose Rhapsody Murray. Director Andréa Delph, who led the LA outpost, will relocate to New York to head the new space.

Stephen Friedman to close New York gallery, two years after opening the Tribeca space

Stephen Friedman, the Canadian-born, London-based dealer, will close his New York gallery in Tribeca at the end of February 2026, less than three years after opening the space in October 2023. The decision is described as a strategic evolution to consolidate operations in London, where several new directors have been hired. The gallery's artist roster will remain unchanged, and Friedman plans to stay active in the US art scene through major fairs. The closure follows a challenging period marked by a £1.7m loss in 2023 due to renovation costs and a downturn in the art market, with cash flow currently tight after slow exhibition sales.

New York gallery Sperone Westwater to close after 50 years amid lawsuit between co-founders

Sperone Westwater, a prominent New York gallery representing artists like Richard Long and Bruce Nauman, will close at the end of 2025 after 50 years. The closure follows a lawsuit filed by co-founder Gian Enzo Sperone against fellow co-founder Angela Westwater, alleging unlawful handling of funds and a "parasitic deadlock" over the gallery's finances, including rent disputes and salary increases. The gallery will continue its current Richard Long exhibition until December 13 and participate in Art Basel Miami Beach before shutting down on December 31.

Altman Siegel, stalwart of San Francisco’s gallery scene for 16 years, will close

Altman Siegel, a prominent San Francisco gallery, will close on 22 November after 16 years in business. Founder Claudia Altman-Siegel announced the decision on 15 October, citing the difficulty for a gallery of its size to scale in the current climate. The gallery, which opened in 2009 at 49 Geary, expanded to a 5,000-square-foot space in the Minnesota Street Project complex and an outpost in Presidio Heights. Over its history, it staged 213 exhibitions and art fairs, representing artists such as Lynn Hershman Leeson, Trevor Paglen, Richard Mosse, Simon Denny, and Kiyan Williams. Its final exhibition will be an eighth solo show with Japanese painter Shinpei Kusanagi.

New York’s Tilton Gallery staging final exhibition after more than four decades in business

New York’s Tilton Gallery has announced that its upcoming exhibition dedicated to German-born American conceptual artist Ruth Vollmer will be its final show, closing after more than four decades in business. The gallery, founded by Jack Tilton in 1983, has been run by his widow Connie Rogers Tilton since his death in 2017. The Vollmer exhibition runs from 30 September to 15 November, after which Rogers Tilton plans to transition to private sales and research projects.

Another gallery gone: Anderson-Brickler space closes after 9 years on Adams Street

Dr. Celeste Hart, a Tallahassee endocrinologist and daughter of the late Dr. A.D. Brickler, is closing the Anderson-Brickler Gallery after nine years on Adams Street. Opened in 2016, the gallery focused on Modern and Contemporary artists of the African Diaspora, hosting exhibitions by artists such as Joe Roache, Romare Bearden, and Kabuya Bowens-Saffo, as well as lectures, workshops, and thesis shows for Florida State University fine arts students. The space will be taken over by Stan J. Johnson, a professional photographer and FAMU professor, who plans to rename the gallery and continue exhibiting paintings while expanding into spoken word and music.

CLEARING to close its New York and Los Angeles galleries after 14 years.

CLEARING, a New York-based gallery known for representing artists such as Marguerite Humeau, Korakrit Arunanondchai, and Harold Ancart, is closing its Manhattan and Los Angeles locations after 14 years. Founder Olivier Babin announced the closure on Instagram, citing no viable path forward due to rising overhead costs for rent, shipping, and art fairs, alongside declining revenues. The gallery opened in Brooklyn in 2011, later expanded to Brussels, and moved to a larger Bowery space in 2023 before the financial pressures became unsustainable. Its final exhibitions were solo shows by Coco Young in New York and Henry Curchod in Los Angeles.

The Bennett Prize Just Raised Its Award to $75,000. These Artists Think You Should Apply.

The Bennett Prize, a biennial award dedicated to women figurative realist painters, has increased its grand prize from $50,000 to $75,000 for its fifth cycle. Founded by collectors Steven Alan Bennett and Dr. Elaine Melotti Schmidt, the prize aims to bridge the gender gap in the art world by providing substantial financial support and institutional recognition. The current call for entries is open to artists who have not yet reached a specific commercial price ceiling, culminating in a 2027 exhibition at the Muskegon Museum of Art.

Art Dealer Larry Gagosian Recalls Rare Misstep With San Francisco Gallery: ‘Nobody Showed Up’

Larry Gagosian, the mega-dealer, has candidly discussed the failure of his San Francisco gallery, which operated from 2016 to 2021. He stated the gallery simply failed because "nobody showed up" to openings, describing the experience as depressing. The closure was part of a broader reflection on his career, prompted by the opening of a new Gagosian gallery on New York's Upper East Side.

Anna Schwartz Gallery, beacon of Australia’s contemporary art world, to close and rebrand

Anna Schwartz Gallery, a cornerstone of Australia’s contemporary art scene, will close in December after 40 years in Melbourne. It will be replaced by a new venture, Anna Schwartz Projects, which will focus on occasional, project-based exhibitions, conversations, and events across installation, performance, publishing, and music. The gallery’s stable has included artists such as Shaun Gladwell, Angelica Mesiti, and Marco Fusinato, each of whom represented Australia at the Venice Biennale.

Iranian galleries close amid protests and communications blackout

Iranian galleries have closed or altered their hours as nationwide protests, sparked by economic turmoil and a crashing currency, escalated into violent unrest. The protests began on 28 December among bazaar traders and spread to artists and gallerists, with many shutting their doors or canceling exhibitions, some under public pressure. A government-imposed internet and communications blackout on 8 January has severely limited information, though one gallerist speaking anonymously described the closures as a unified act of solidarity across society, not merely a response to safety concerns. The gallerist noted that the economy is in its worst condition, with basic necessities unaffordable and even bubble-wrap prices fluctuating wildly. Another gallery founder confirmed that all projects are on hold, and staging exhibitions risks public backlash. Instagram account Galleryinfo.ir faced online criticism for promoting exhibitions during the crisis, while Bavan Gallery reversed its initial stance of "resilience is an art form" and announced it would hold no exhibitions.

The new art conglomerate: Pace Gallery, Emmanuel Di Donna and David Schrader join forces

Pace Gallery, Emmanuel Di Donna, and David Schrader have announced a joint venture to launch Pace Di Donna Schrader Galleries (PDS), a new entity focused on secondary market sales. The partnership, revealed on the eve of Art Basel Miami Beach, will operate from a new headquarters on Manhattan's Upper East Side, with equal partnership among the three. PDS will leverage Pace's global network of galleries in cities including Los Angeles, London, Geneva, Berlin, Seoul, and Tokyo. Di Donna, founder of Di Donna Galleries and former Sotheby's vice chairman, brings expertise in Surrealist, Modern, and post-war art; Schrader, a former Sotheby's head of private sales, adds auction-house experience. The venture is set to begin operations in early 2025, with Di Donna's team moving to the new space in summer 2026.

2026 Future Fair: Everything You Need To Know About the Art Fair Before It Opens Next Month

Future Fair, a contemporary art fair focused on community and emerging talent, will hold its sixth edition at Chelsea Industrial in New York from May 14 to 16, 2026. The fair brings together nearly 70 exhibitors, including brick-and-mortar galleries, artist-run initiatives, and collaborative platforms from nine countries, with nearly half hailing from the New York tri-state area. Highlights include the return of the Pay-It-Forward Fund, which allocates 15% of annual profits as grants to participating galleries and dealers, and a VIP preview day on May 13.

London gallery Project Native Informant closes after 12 years, citing 'volatile and unsustainable environment'

Project Native Informant, an east London gallery known for its adventurous program featuring artists like DIS, Sin Wai Kin, Juliana Huxtable, and Hal Fischer, is closing after 12 years. Founder Stephan Tanbin Sastrawidjaja announced the decision on Instagram on October 31, citing a volatile and unsustainable global economic, political, and social environment, along with personal factors. The gallery had not staged an exhibition since July 2024 and had previously lost commercially viable artist Joseph Yaeger, who signed with Modern Art and Gladstone in 2023.

Influential New York gallery Venus Over Manhattan will close after 13 years

Prominent collector and dealer Adam Lindemann is closing Venus Over Manhattan, the New York gallery he founded in 2012, after 13 years. The gallery's final exhibition, Susumu Kamijo's 'Fish & Flowers,' opened in June and will close on July 17. Lindemann announced the closure in an open letter published on Artnet, citing a desire to return to building his personal art collection and describing the difficulties of navigating the art world as both a dealer and collector.

UNT Gives No Reason for Sudden Closure of Victor Quiñonez Show

The University of North Texas abruptly cancelled the solo exhibition "Ni de Aqui, Ni de Allá" by artist Victor Quiñonez in its College of Visual Art & Design Gallery just nine days after its opening. The university covered the gallery windows with brown paper, removed all promotional material from its website and social media, and informed the artist via a misspelled email that it had terminated its loan agreement with Boston University Art Galleries, which originated the show. The artist was not notified in advance and learned of the closure from students.

Benalla Art Gallery to close but temporary gallery to open

Benalla Art Gallery is set to close its current location, but a temporary gallery will open to ensure continued access to art for the community. The article also highlights local artist Lisa Brand, whose passion for mosaics is inspiring students in Benalla and the surrounding district, with her works potentially enduring for centuries like ancient mosaics.