art market minute mar 9 2751976
The Gulf region’s art market is navigating a period of significant instability as escalating geopolitical tensions between the U.S., Israel, and Iran threaten the upcoming Art Dubai fair. Long considered a safe haven for global culture and commerce, the United Arab Emirates now faces questions regarding its perceived insulation from regional conflict just weeks before its major international art event.
Bottega Veneta unveiled its Winter 2025 collection at Milan Fashion Week, staged within the brand’s new headquarters at the historic Palazzo San Fedele. Creative director Louise Trotter collaborated with British designer Max Lamb to create a massive site-specific installation consisting of 421 sculptural white chairs for the audience. The set design drew inspiration from Lamb’s "60 Chairs" project, where he rapidly fabricated furniture from polystyrene slabs.
louvre new director christophe leribault 2748537
Christophe Leribault has been appointed as the new director of the Louvre, succeeding Laurence des Cars following her resignation. Leribault, who currently leads the Palace of Versailles and previously directed the Musée d’Orsay, returns to the institution where he once served as deputy director of graphic arts. He takes the helm during a period of intense turmoil marked by staff strikes, a high-profile $102 million heist of the French crown jewels, and systemic security failures.
The British Museum's proposal to redesign its forecourt with two permanent security pavilions and a Mediterranean-style garden has drawn opposition from conservation groups. The Georgian Group and the Victorian Society argue the additions would disrupt the historic symmetry and formal setting of Robert Smirke's 19th-century Greek Revival building, urging Camden Council to reject the plan.
The Walker Art Center and the Minneapolis Institute of Art closed on January 20, 2026, in protest of escalating Immigration and Customs Enforcement (ICE) operations in the Twin Cities. The closures follow the fatal shooting of Renee Good, a 37-year-old mother of three, by ICE agent Jonathan Ross, which sparked nationwide outrage. The museums canceled scheduled events, including a performance by Nile Harris, and joined a broader one-day economic blackout called "A Day of Truth and Freedom" organized by Minnesota union leaders and community groups. Other cultural institutions participating include the Bakken Museum, the Minnesota Museum of American Art, the Weisman Art Center, and the Museum of Russian Art.
Lithuania's pavilion at the 2019 Venice Biennale presents "Sun & Sea (Marina)," an opera about a day at the beach that serves as a subtle, chilling commentary on climate change. Viewers observe performers lounging on a sandy tableau from a balcony, as they sing about mundane inconveniences and environmental apathy. The work, created by theater director Rugilė Barzdžiukaitė, playwright Vaiva Grainytė, and composer Lina Lapelytė, was adapted into English for the biennale and organized by Lucia Pietroiusti of London's Serpentine Galleries.
An exhibition titled “Window Wonderland 2025,” mounted by the Bomb Factory Art Foundation in London, was shut down early after three consecutive nights of vandal attacks at its Marylebone and Holborn locations. Vandals used hammers and an ice axe to smash windows, defaced displays with stickers of the Union Jack and St. George’s cross, and scrawled “Free U.K.” in lipstick, causing an estimated £15,000 ($20,000) in damage. The show, which explored themes of anti-war activism, immigration, and queer and trans identity, closed on January 9, 2025, instead of its scheduled January 18 closing date. Police are investigating the attacks, which organizers say were intended to silence the exhibition’s message of inclusivity.
Artnet News senior reporter and columnist Katya Kazakina has won the Newswomen’s Club of New York’s 2025 Front Page Award for specialized reporting in arts and entertainment for the second consecutive year. The award recognizes her July story “Keeping Up With the Clients: The Art World Lifestyle Can Be Dangerously Alluring,” which investigated how dealers and advisors overextend themselves financially and legally to maintain social ties with wealthy patrons. The piece grew out of her earlier scoop on dueling lawsuits between ultra-high-end art advisors Barbara Guggenheim and Abigail Asher.
A previously unaccounted-for self-portrait by 18th-century French artist Adélaïde Labille-Guiard sold at Tajan auction house in Paris for €843,800 ($988,785), far exceeding its estimate of €300,000–€500,000. After the hammer fell, a representative of the Palace of Versailles invoked France's droit de préemption law to claim the 1782 pastel work for the national collection, preventing its private sale.
The British Museum has launched a new long-term lending program, transferring some 80 Greek and Egyptian antiquities to the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) in Mumbai, India, for a three-year exhibition. Director Nicholas Cullinan presented the initiative as a collaborative alternative to the contentious debate over repatriation, aiming to share artifacts with former British colonies without permanently deaccessioning them. The loans are part of a 15-year partnership between the two museums, and Cullinan has signaled plans to negotiate similar arrangements with China, Nigeria, and Ghana.
Billionaire couple Jeff Bezos and Lauren Sánchez Bezos are sponsoring the Metropolitan Museum of Art’s 2026 Met Gala, the annual benefit for the Costume Institute. The news has revived speculation that Bezos may buy Condé Nast, Vogue’s parent company, which organizes the gala. Sánchez Bezos, a former TV reporter and recent Vogue cover subject, has been increasingly active in fashion circles, attending Paris Fashion Week and sitting front row at Chanel and Balenciaga shows. The 2026 gala will be the first since Anna Wintour’s retirement, with Chloe Malle taking over Vogue, and will feature a new dedicated Costume Institute gallery and the theme “Costume Art.”
President Donald Trump issued an executive order titled “Restoring Truth and Sanity to American History,” targeting the Smithsonian Institution. The order tasks Vice President J.D. Vance with removing “improper ideology” from Smithsonian museums, supported by Secretary of the Interior Doug Burgum and advisor Lindsey Halligan. Critics, including historian Raymond Arsenault, have described the move as totalitarian. The Smithsonian, a public-private partnership founded in 1846 with 21 museums and the National Zoo, faces potential loss of federal funding if it does not comply, echoing pressure applied to other institutions like Columbia University.
Artist Gail Morris presents "Blue Note," a solo exhibition at Bonner David Galleries in New York, featuring bold abstract paintings that explore the emotional and psychological experience of light, space, and music. The show's title references the musical concept of a "blue note," which Morris reinterprets as a compositional strategy to create tension and balance in her works. While starting from physical landscapes—such as natural sites, urban parks, or islands—Morris obscures specific details, using titles like "Down By the River" (2025) and "Bird of Paradise" (2025) to evoke universal moods rather than literal scenes. The exhibition runs through November 29, 2025.
Archaeological excavations at the Palace of Westminster in London have uncovered Neolithic flint tools and flakes dating back over 6,000 years, predating the earliest mounds at Stonehenge. The digs, led by the Museum of London Archaeology and overseen by the Houses of Parliament Restoration and Renewal Delivery Authority (R&R), also revealed the remains of Lesser Hall, a 12th-century royal dining space, along with Roman altar fragments, medieval tiles, and 19th-century artifacts. The excavations, running through 2026, are part of a £13 billion restoration project addressing the Palace's deteriorating condition.
Hong Kong's inaugural Art Business Conference brought together government officials, legal experts, and financiers to examine the city's strategic advantages as an art trading hub. Key takeaways included the need to maintain cultural exchange as a national strategy under China's 14th Five-Year Plan, with the West Kowloon Cultural District receiving over $6.5 billion in government funding. The Art Basel and UBS Survey of Global Collecting 2025, authored by Clare McAndrew, revealed that ultra-wealthy collectors are now allocating up to 20 percent of their wealth to art, up from 15 percent in 2024, as an estimated $83 trillion in intergenerational wealth transforms art trading into a sophisticated professional network.
Miami's Contemporary Art Modern Project (CAMP) Gallery has opened the seventh edition of its series program, titled “Women Pulling at The Threads of Social Discourse: Don’t be Absurd.” The group exhibition features dozens of artists who created circular, tondo-like fiber works inspired by absurdist philosophers and writers such as Albert Camus, Franz Kafka, Simone de Beauvoir, Samuel Beckett, and José Saramago. Works include RemiJin Camping's cyanotype in an embroidery hoop referencing Kafka's *The Metamorphosis* and Mychaelyn Michalec's hand-tufted wool piece *The Pietà and The Swan*. The show runs through December 20, 2025.
Felzmann auction house in Neuss, Germany, canceled its planned 'System of Terror Vol II' auction of Holocaust artifacts following international pressure from groups including the International Auschwitz Committee and the European Jewish Association. The sale, which included documents, letters, and Stars of David from Nazi victims between 1933 and 1945, was condemned as exploitative by critics such as executive vice president Christoph Heubner, who called it 'a cynical and shameless undertaking.' Polish Foreign Minister Radoslaw Sikorski and Culture Minister Marta Cienkowska also called for restitution of the items to Poland.
The Spanish Supreme Court has ordered the return of the Sijena Murals, 12th-century Romanesque frescoes known as the "Sistine Chapel of Romanesque Art," from the National Art Museum of Catalonia (MNAC) in Barcelona to their original monastery in Huesca, Aragon, by June 25. However, the MNAC is resisting the move, arguing that transporting the fragile, fire-damaged murals poses a "real risk of irreparable damage." The museum has requested more information about the destination and conditions at the Sijena monastery, and has suggested a longer timeline for the return of particularly delicate sections, while the Sijena City Council has proposed installing the works elsewhere if necessary.
Four pro-Tibetan groups in France have filed a legal complaint against Paris's Musée Guimet, accusing it of erasing Tibet's cultural identity by renaming its Nepal-Tibet gallery to "Himalayan world" and removing references to "Tibetan art." The groups argue the changes blur Tibet's distinct heritage and align with political pressures from Beijing. The museum denies external influence, stating the new name better reflects the region's cultural interconnections, citing similar usage by institutions like the Metropolitan Museum of Art and the Smithsonian.
On June 23, the first of 16 larger-than-life copper statues was reinstalled atop Notre-Dame Cathedral's spire, following a blessing from Archbishop of Paris Laurent Ulrich. The statues, comprising the 12 apostles and four evangelist symbols, were originally installed in 1861 and had been safely removed days before the 2019 fire. After restoration by French company SOCRA, the statues are being returned in stages, with completion expected by July.
The Syrian government has announced plans to reopen the ancient city of Palmyra to tourists as early as next summer, following extensive damage inflicted by ISIS. The historic UNESCO World Heritage Site, once attracting 150,000 visitors annually, was occupied twice by the terrorist group, which destroyed iconic structures including the Temple of Bel, the Temple of Baal Shamin, and the Arch of Triumph, and beheaded the city's head of antiquities, Khalid al-As'ad. Restoration efforts are underway with assistance pledged from UNESCO, Russia, Poland, and Italy, focusing on repairing the Old City and restoring artifacts such as the Lion of Al-lāt statue.
South Korea President Yoon Suk-yeol has announced a $3.7 billion fund to support film, TV, art, and cultural projects, along with plans to transform the historic presidential residence Cheong Wa Dae (Blue House) into a cultural complex modeled after France's Palace of Versailles. The initiative aims to boost the country's cultural sector ahead of major art events including Frieze Seoul, Kiaf fairs, and the Busan Biennale. President Yoon also directed that state-owned art collections, including 23,000 works from the late Samsung Group chair Lee Kun-hee, be made accessible through nationwide tours, and that government art purchases prioritize works by disabled and emerging artists.
A team of archaeologists from Heidelberg University has uncovered a monumental stone relief in Nineveh, Iraq, depicting King Ashurbanipal flanked by two major Assyrian gods, Ashur and Ishtar, along with demigods. The 2,600-year-old relief, measuring nearly 20 feet across and 10 feet high, was found buried in a pit at the northern palace, a site first excavated in the 19th century by Austen Henry Layard. The discovery is part of the Heidelberg Nineveh Project, launched in 2018 after the liberation of Mosul from the Islamic State.
A shooting outside the Capital Jewish Museum in Washington, D.C., on Wednesday night killed two Israeli embassy staff members, Yaron Lischinsky and Sarah Milgrim, in what authorities have called an antisemitic attack. The gunman, Elias Rodriguez of Chicago, opened fire as the victims exited a diplomatic event hosted by the American Jewish Committee, then entered the museum where he was detained by security. Police reported that Rodriguez shouted “free, free Palestine” after being taken into custody. The museum expressed heartbreak and condemned the violence, while the Israeli embassy mourned the loss of the couple, who were engaged to be married.
Sotheby's Hong Kong offered the Qing dynasty imperial painting *The Blue Goats* as a single-lot sale during its Asian Art Week. Commissioned by Emperor Qianlong in the late 1750s, the seven-by-six-foot hanging scroll was created by Italian Jesuit painter Giuseppe Castiglione (Lang Shining) and Chinese court artist Jin Tingbiao, blending Western and Eastern techniques. Despite a presale estimate of HK$60–150 million ($7.7–19.3 million), the work sold for HK$58.9 million ($7.6 million) after fees, below the low estimate. The painting depicts a pair of gorals in a rocky landscape and is inscribed with a poem by the emperor symbolizing his military conquests.
Mark Gerson, a British photographer renowned for his intimate portraits of literary figures, has died at age 104. Over a career spanning half a century, Gerson captured iconic images of authors including Evelyn Waugh, Doris Lessing, William Golding, Tom Stoppard, and Martin Amis, often photographing them in their own homes to put them at ease. His most famous picture is of a grumpy Waugh on his 60th birthday, taken after Gerson was plied with wine. Gerson's work was championed by National Portrait Gallery director Roy Strong, and in 1996 the gallery held a major exhibition of his portraits titled "Literati."
Two letter writers to The Guardian criticize the UK government's arts funding imbalance, highlighting that London receives disproportionate investment compared to northern England. Christine Baranski points out that £135m was spent on the V&A East in London while the Tate in Liverpool has been closed for over two years and the Albert Docks cultural area appears neglected. Sharon Maher notes that Arts Council spending is roughly £57 per Londoner versus £28 per person in the north, and argues that future national museum outposts should be located in the north.
Paula Cooper opened her pioneering gallery in Soho in 1968, betting on the then-desolate industrial neighborhood as artists began moving into its lofts. She cultivated deep, personal relationships with the artists she represented, such as Lynda Benglis and Joel Shapiro, as well as with other major figures like Jasper Johns, fostering a slower, more humane art world pace. Her success helped transform Soho into a major gallery district, attracting institutions like Sonnabend and Castelli.
Four major European museums are simultaneously staging ambitious exhibitions of Black American artists, including Kerry James Marshall at London's Royal Academy, Jacob Lawrence at Kunsthal KAdé in Amersfoort, Nina Chanel Abney in Paris and Amersfoort, and Mickalene Thomas at Les Abattoirs in Toulouse and the Grand Palais in Paris. The article, written as an opinion piece, describes the author's experience at the opening of Abney's show at Elbow Church in the Netherlands and contrasts the European embrace of these artists with the political climate in the United States.
The Chelsea gallery Kasmin will close this autumn after 35 years of operation, transitioning into a new venture called Olney Gleason. The new gallery will be led by Kasmin president Nick Olney and senior director Eric Gleason, both longtime employees who say the move aligns with the wishes of the late founder Paul Kasmin. Olney Gleason will continue working with an unspecified number of artists and estates from Kasmin's roster, including François-Xavier and Claude Lalanne, Lee Krasner, and Jackson Pollock's estate, and will open a flagship space in Chelsea with an inaugural show this autumn.