Global Art Market Report 2024–2025

The global art market saw total sales of $57.5 billion in 2024, a 12% decline year-on-year, marking the second consecutive annual drop. Transaction volumes rose 3% to about 40.5 million, driven by works under $50,000 which made up 85% of dealer sales. Sotheby's and Christie's together accounted for roughly half of global fine-art auction turnover, though both saw significant auction revenue declines. The United States led with 43% of global sales, while China's market share fell to 15%, its lowest since 2009. Online art sales grew to 18% of total value, and new buyer momentum was strong, with 44% of dealer buyers being new and 91% of high-net-worth collectors optimistic.

Koons lobster snapped up amid day two sales at Art Basel

On the second day of the Art Basel VIP preview, sales continued at a slower pace. White Cube sold Michael Armitage's 2015 painting *In the garden* for $3.2 million, while Gagosian placed a large lobster sculpture by Jeff Koons for a seven-figure sum. Pace Gallery reported that a Pablo Picasso painting *Homme à la pipe assis et amour* (1969), priced at $30 million, remains on reserve, though it did sell a 1964 bronze by Louise Nevelson for $850,000. Berlin's Galeria Plan B sold an untitled 2025 Adrian Ghenie painting for €1 million, and Hauser & Wirth sold Frank Bowling's *Iceni* (1975) for $1.8 million, with Felix Gonzalez-Torres's *"Untitled" (Go-Go Dancing Platform)* (1991), priced at $16 million, placed on serious hold for an institution.

Christie’s presents Post-War to Present as a highlight of its London Summer Season - Christie's

Christie’s has announced its London Summer Season, running from June to August 2025, with the Post-War to Present sales as a central highlight. The season includes live and online auctions, selling exhibitions such as 75 Years of New Contemporaries and Modern British Art: A Selling Exhibition, and cultural partnerships. Key auction highlights include Lynette Yiadom-Boakye's '8pm Zaragoza' (estimate £500,000–700,000), Victor Man's 'The Chandler' (estimate £300,000–500,000), and works by David Hockney, Cecily Brown, KAWS, and Georg Baselitz. The live sale takes place on 26 June, with online bidding from 17 June to 1 July.

The best museum shows to see alongside Art Basel in Basel 2025

This article highlights the best museum shows to see alongside Art Basel in Basel 2025, covering exhibitions at Fondation Beyeler, Schaulager, Kunsthalle Basel, Kunsthaus Baselland, and Kunstmuseum Basel. Featured artists include Vija Celmins, Jordan Wolfson, Steve McQueen, Ser Serpas, Dala Nasser, and Medardo Rosso, with works ranging from VR installations and immersive light-and-sound pieces to textile art and historical retrospectives.

Everywhere All at Once: A Review of “David Hockney—Perspective Should Be Reversed” at Grand Rapids Art Museum

The Grand Rapids Art Museum has opened "David Hockney: Perspective Should Be Reversed," a comprehensive exhibition of 145 prints and multiples spanning the British artist's six-decade career from 1954 to the present. Sourced from the Jordan Schnitzer Family Foundation's collection, the show is organized thematically rather than chronologically, highlighting Hockney's diaristic subjects and his restless experimentation with print and photographic technologies, from hand-colored lithographs to iPad drawings.

Grand Rapids Art Museum celebrates the artistry of David Hockney in new exhibit

The Grand Rapids Art Museum (GRAM) has opened a new exhibition titled "David Hockney: Perspective Should Be Reversed," featuring over 160 works by the celebrated British artist David Hockney, spanning from 1954 to 2022. The prints on display come from the collection of Jordan D. Schnitzer and His Family Foundation. The exhibit runs from May 31 through November 2, with admission free for members and children under five, and $12 for adults. GRAM curator Jennifer Wcisel discussed the exhibition in a recent interview.

Empathy is in short supply today – artist Saya Woolfalk intends to change that

Saya Woolfalk's largest survey exhibition, 'Empathic Universe,' has opened at New York's Museum of Arts and Design. The show introduces visitors to the Empathics, a fictional plant-human hybrid species that embodies profound understanding and interconnection. Organized by curator Alexandra Schwartz, the exhibition spans two decades of Woolfalk's career and includes video, sculpture, installation, works on paper, and artist-fashioned clothing. It explores themes of empathy, hybridity, and utopia, drawing on Afrofuturist thinkers and science fiction, while addressing issues of racism and sexism in a polarized world.

Christie's 20/21 sales achieve $693 million

Christie's 20th and 21st Century Art sales in New York from 12-15 May 2025 achieved a total of $693 million across six sales, reaching 123% of the low estimate. The top lot was Piet Mondrian's 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.56 million. Other highlights included Claude Monet's *Peupliers au bord de l'Epte, crépuscule* (1891) at $42.96 million, and Marlene Dumas's *Miss January* (1997), which set a record for a living female artist. The Leonard & Louise Riggio collection alone brought $272 million, while the 20th Century Evening Sale achieved $217 million with a 100% sell-through rate. New artist records were set for Dorothea Tanning, Remedios Varo, Louis Fratino, Simone Leigh, and Emma McIntyre.

Despite record-breaking results for four women artists, Phillips’s evening auction in New York sparks few fireworks

Phillips’s evening sale of modern and contemporary art in New York on May 13 achieved a total hammer price of $44.2 million ($52 million with fees), falling just below the low pre-sale estimate of $45.3 million. Four works were withdrawn before the sale, and five lots failed to sell. Despite the subdued overall results, the auction set new auction records for four women artists: Kiki Kogelnik, Ilana Savdie, James Turrell (Light and Space artist), and Grace Hartigan. Other strong performers included works by Yu Nishimura, Olga de Amaral, Barbara Hepworth, and Danielle McKinney. The top lot was Jean-Michel Basquiat’s *Untitled* (1984), formerly owned by David Bowie.

Marlene Dumas’s $13.6m semi-nude breaks auction record for a living female artist

Christie's 21st century evening sale on Wednesday achieved $79 million ($96.5 million with fees), falling within revised estimates but below original projections and prior sale totals. The standout lot was Marlene Dumas's 1997 painting *Miss January*, which sold for $13.6 million with fees, setting a new auction record for any living female artist. The sale saw three of four records set for women artists, including Simone Leigh, Emma McIntyre, and Louis Fratino, though bidding was subdued overall with heavy reliance on third-party guarantees.

A young Richter’s painting of an even younger Polke and a once-grimy Brazilian landscape by Frans Post: our pick of the May auctions

The article previews five major lots coming to auction in New York in May 2025, spanning Phillips, Sotheby's, Christie's, and Bonhams. Highlights include Gerhard Richter's 'Mann mit zwei Kindern' (1966), a portrait of Sigmar Polke estimated at $4–6 million; Frans Post's 'View of Olinda with Ruins of the Jesuit Church' (1666), estimated at $6–8 million and expected to break the artist's record; Andy Warhol's 'Big Electric Chair' (1967–68), estimated around $30 million; and Fernando Botero's 'The Bed' (1982), estimated at $700,000–$1 million. Each work is making its auction debut or is a rare market appearance.

‘The First Homosexuals’ showcases 300 queer artworks amid ‘rise of homophobic politics’

A major new exhibition, “The First Homosexuals: The Birth of a New Identity, 1869–1939,” has opened at Chicago’s Wrightwood 659, featuring over 300 queer artworks from 125 artists across 40 countries. Curated by Jonathan D. Katz and Johnny Willis, the show includes early photographs of drag, a painting of a late-1700s trans pioneer, and what is believed to be the first same-sex wedding depicted in art, alongside works by iconic figures like Gertrude Stein and James Baldwin. The exhibition, eight years in the making, draws loans from institutions such as the Tate and the Metropolitan Museum of Art, as well as private collections, and runs through July 26.

Yayoi Kusama survey at National Gallery of Victoria becomes best-selling art exhibition in Australian history

The National Gallery of Victoria (NGV) in Melbourne has announced that its Yayoi Kusama survey exhibition, titled "Yayoi Kusama," sold 570,537 tickets, making it the most-visited ticketed art exhibition in Australian history. The show, which ran from 15 December 2024 to 21 April 2025, surpassed the NGV's own record of 462,262 tickets for "Van Gogh and the Seasons" in 2017. Featuring 200 artworks spanning nearly nine decades of the artist's career, including ten infinity rooms, the exhibition was the largest the NGV has ever dedicated to a single living artist. The NGV also acquired two major works from the show: "Dancing Pumpkin" (2020) and "Narcissus Garden" (1966/2024).

A Tale of Two Cities: Spring Auctions in Hong Kong and Shanghai

Christie's and Sotheby's held their spring marquee auctions in Hong Kong and Shanghai, timed to coincide with Art Basel Hong Kong for the first time. Christie's evening sale of 20th and 21st century art in Hong Kong achieved HKD 560 million (USD 72 million) with a 95% sell-through rate, led by Jean-Michel Basquiat's *Sabado por la Noche (Saturday Night)* (1984) at HKD 112.6 million. Other highlights included a new artist record for Zhang Enli's *Intimacy* (2002) at HKD 23.4 million, and strong sales for works by Yayoi Kusama, Zao Wou-Ki, and Adrian Ghenie, though most lots sold near their low estimates.

Auction record

A new auction record has been set, with a significant artwork selling for a high price at a major auction house. The sale took place recently, drawing attention from collectors and the art market.

parties cult100 cultured magazine guggenheim

CULTURED magazine hosted its second annual CULT100 party at the Guggenheim Museum in New York, in exclusive partnership with Valentino and Valentino Beauty. The event celebrated the magazine's spring issue, a 400-page edition honoring 100 luminaries and rising talents across food, film, art, fashion, and more. Guests including Keke Palmer, Lena Dunham, Naomi Watts, Adam Scott, and Anne Imhof gathered in the Frank Lloyd Wright-designed rotunda for cocktails, a Valentino Beauty lounge, and a program that coincided with artist Carol Bove's ongoing museum survey exhibition at the Guggenheim.

Somali Artists Take Issue With Nation's First-Ever Venice Biennale Pavilion

Somalia's first-ever national pavilion at the 61st Venice Biennale has sparked controversy, with local cultural organizations accusing organizers of excluding Somalia-based artists. The pavilion, titled SADDEXLEEY, features only diaspora artists—Somali-Swedish painter Ayan Farfah, Somali-Danish poet Asmaa Jama, and Somali-British poet Warsan Shire—while the Somalia Arts Foundation (SAF) and queer collective Warbixinta Cidda have denounced the appointment of Italian co-curator Fabio Scrivanti, citing colonial tensions. SAF founder Sagal Ali and others allege that artists in Somalia were not meaningfully consulted, and that organizers used intimidation tactics against critics. The pavilion's organizers claim it includes Mogadishu-based painter 4C and will host accompanying events, but details remain unconfirmed.

Le Louvre choisit son entrée côté colonnade

Le Louvre has selected a joint proposal by Studios Architecture Paris and Selldorf Architects for its new entrance via the Perrault colonnade, part of the 'Louvre Nouvelle Renaissance' plan. The project, announced by Emmanuel Macron on January 28, 2025, aims to create a new eastern access to relieve overcrowding at the Pyramid, with two underground entrances, vegetated moats, new services, and a dedicated space for the Mona Lisa. The selection was announced by Culture Minister Catherine Pégard on May 18, despite controversies over funding, heritage constraints, a theft in the Galerie d'Apollon on October 19, 2025, and the departure of museum president Laurence des Cars.

matthiesen gallery lawsuit jill newhouse jon landau courbet 1234755812

The Matthiesen Gallery in London has filed a lawsuit in the Southern District of New York alleging fraud, breach of contract, and other counts over a Gustave Courbet painting, *Mother and Child on a Hammock*. The gallery claims that Thomas Austin Doyle, a convicted con man, orchestrated a scheme to defraud director Patrick Matthiesen, selling the painting—valued at $650,000—through artist and dealer Shalva Sarukhanishvili to Jill Newhouse Gallery for $115,000, which then sold it to top collector Jon Landau for $125,000. The lawsuit also names Landau, who allegedly viewed the work multiple times at TEFAF fairs knowing its retail price, yet refuses to return it. Doyle has a long criminal history, including prior convictions for art fraud and theft.

‘A daring flash of pubic hair’: the extraordinary, monumental nudes of Sylvia Sleigh

A small London gallery, Malarkey, is exhibiting eight paintings by Welsh-born artist Sylvia Sleigh (1916–2010), including her monumental 1963 work *The Bridge*, which is now for sale. The show, curated by Daniel Malarkey, features Sleigh's earliest-known self-portrait and her first commission, alongside other nudes that challenge traditional objectification by portraying both sexes with dignity. Sleigh, who studied at Brighton School of Art and moved to New York with her second husband, critic Lawrence Alloway, reimagined classical poses like Giorgione's *Sleeping Venus* in modern settings, notably including a daring flash of pubic hair in *The Bridge*.

art criticism lynne tillman paying attention book

Lynne Tillman celebrated the publication of her new collection, *Paying Attention: Essays on Art and Culture*, from David Zwirner Books, at an event hosted by Coco’s at Colette. The article features a conversation between Tillman and the author, in which she discusses her origin story as a critic, her background in fiction writing, and her unconventional entry into art criticism through an invitation from Craig Owens at *Art in America*. She recounts writing a Madame Realism story about a Renoir exhibition after eavesdropping on museum tours, a piece that angered some art historians.

parties moma ps1 50th anniversary

MoMA PS1 kicked off its 50th anniversary year with an intimate cocktail event at the Tribeca townhome of board member Michi Jigarjian, hosted by the museum's patron group the Greater New Yorkers. Over 100 guests—including artists, collectors, dealers, and curators—gathered for remarks from Director Connie Butler, Chief Curator Ruba Katrib, and co-chairs Leslie Fritz, Ed Tang, and Amitha Raman, followed by a performance by experimental cellist Dorothy Carlos. Attendees received a first look at the upcoming quinquennial exhibition "Greater New York 2026," which will feature over 50 New York-based artists, with a partial list including Farah Al Qasimi, Fields Harrington, Hardy Hill, Sofia Sinibaldi, and Julia Wachtel.

parties young artist prize 2025 mz wallace

CULTURED magazine and fashion brand MZ Wallace celebrated the 10-year anniversary of their Young Artists List with an event at (SUB)MERCER in SoHo, where they announced Iraqi-born, Los Angeles-based artist Ali Eyal as the winner of the 2025 Young Artist Prize. Eyal received an unrestricted $30,000 grant, selected by a jury of curators from the Met, the Hammer, and MoMA, for his multidisciplinary practice reflecting on violence endured during his upbringing in Baghdad.

Sylvie Retailleau : « Pendant cinq ans, tout a été remis en jeu »

Sylvie Retailleau, former French Minister of Higher Education and current president of Universcience since January 2026, details the tense negotiations between the Grand Palais and the Palais de la découverte. She reveals that the Palais de la découverte nearly disappeared during the Grand Palais renovation, but will reopen in March 2027. Universcience ceded a 1,200 m² gallery to the Grand Palais as a financial contribution (worth about €30 million over ten years) and is lending another 350 m² gallery until June 2030 for Centre Pompidou exhibitions during its renovation. In exchange, Universcience gains full control over the programming of the Palais des enfants.

A Roma è tutto pronto per il weekend delle gallerie d’arte: mostre, progetti speciali, inaugurazioni. Il programma

The fourth edition of Roma Gallery Weekend will take place from May 15 to 17, 2026, featuring 31 galleries across Rome. The event kicks off with a new Gallery Night on May 14, where simultaneous openings and special projects serve as a concentrated prologue. Participating galleries include established names like Gagosian, Galleria Continua, and Lorcan O'Neill, as well as emerging spaces such as Amanita and Cantadora. Highlights include exhibitions of Francesca Woodman, Tracey Emin, Friedrich Kunath, and Carlos Garaicoa, alongside site-specific interventions and group shows.

The Château de Boutemont: An Architectural Gem to Discover in Normandy

Il Castello di Boutemont: un gioiello architettonico da scoprire in Normandia

The Château de Boutemont in Ouilly-le-Vicomte, Normandy, has reopened for its new season running through November. Now in its sixth year under owners Johanna Wistrøm-Monnier and Bruno Monnier, the property has seen steady growth in visitors thanks to investments in its gardens and the opening of three castle rooms. Bruno Monnier founded Culturespace in the 1990s, a private company that manages museums such as the Palais des Papes in Avignon and the Ateliers des Lumières immersive art centers. Johanna Wistrøm-Monnier, formerly director of the Dan Graham Foundation, now dedicates herself full-time to the estate, which features gardens designed by famed landscape architect Achille Duchêne.

Basquiat's intense works on paper are at the center of his first exhibition in Denmark

Le intense opere su carta di Basquiat sono al centro della sua prima mostra in Danimarca

The Louisiana Museum of Modern Art in Humlebæk, Denmark, is hosting "Headstrong," a retrospective of 50 works on paper by Jean-Michel Basquiat, running until May 17. The exhibition focuses on Basquiat's depictions of the human head and body, created between 1981 and 1983, and first shown posthumously in 1990. It is the first solo museum presentation of Basquiat in Scandinavia, featuring loans from private collections and international museums, highlighting a lesser-known aspect of the artist's practice.

Working in the Arts: Opportunities from Cascina Lagoscuro, Ministry of Tourism, PhEST, Fundació Joan Miró, C2C Festival

Lavorare nell’arte: opportunità da Cascina Lagoscuro, Ministero del Turismo, PhEST, Fundació Joan Miró, C2C Festival

This article from Artribune compiles five current job and opportunity listings in Italy and Europe for creative professionals. The openings include a creative residency at Cascina Lagoscuro (a regenerative farm in northern Italy) for dancers, artists, writers, chefs, designers, educators, artisans, and activists; a national exam for tourist guide certification by Italy's Ministry of Tourism; a pop-up open call for artists and photographers from the PhEST international photography and art festival; a director search at the Fundació Joan Miró in Barcelona; and a curator training program for music curators by C2C Festival.

Interview with the artist of the enchanting New Zealand Pavilion at the 2026 Venice Biennale

Intervista all’artista dell’ammaliante Padiglione Nuova Zelanda alla Biennale Arte 2026

Fiona Pardington, a Māori artist from Devonport (1961), will represent New Zealand at the 2026 Venice Biennale with a deeply spiritual and ecologically conscious installation in the national pavilion. Her project centers on the takahe, a bird long thought extinct, using photography, sound, and immersive space to evoke loss, memory, and transformation. Pardington’s work draws on Ngāi Tahu culture, colonial history, and natural history, featuring a taxidermied takahe specimen from the British Museum that she re-photographed and chromatically restored.

The New Installation of the Querini Stampalia Foundation in Venice Is a Game of Combinatory Art. Interview with Director Cristiana Collu

Il nuovo allestimento della Fondazione Querini Stampalia a Venezia è un gioco di arte combinatoria. Intervista alla direttrice Cristiana Collu

The Fondazione Querini Stampalia in Venice has unveiled a new permanent installation titled "The Dreamer," curated by director Cristiana Collu and opening May 5, 2026. The exhibition repositions over 170 works from the foundation's collection—including Giovanni Bellini's *Presentation of Jesus at the Temple*, Luca Giordano's *San Sebastiano*, and Palma il Vecchio's *Madonna with Child*—in dialogue with works by six contemporary artists: Giusy Calia, Silvia Giambrone, Daniela De Lorenzo, Davide Rivalta, Emanuele Becheri, and Chiara Bettazzi. Inspired by the dreams and passions of founder Giovanni Querini Stampalia (born May 5, 1799) and his sister Caterina, the installation is conceived as a non-chronological, emotionally driven journey likened to a "reverse cinema" where visitors move through space like directors constructing their own narrative.