Paint Drippings: Art Industry News February 23

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This week’s art industry roundup highlights major shifts across the global market, including Art Basel’s announcement of 290 galleries for its flagship Swiss fair and Sotheby’s adjustment of its buyer’s premium rates. Significant personnel moves include Devyani Saltzman’s abrupt departure from the Barbican, which sparked an open letter from over 170 cultural figures, and Anne-Claire Legendre becoming the first woman to lead Paris’s Arab World Institute.

ADAA Art Show 2016 Review

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The Art Dealers Association of America (ADAA) kicked off Armory Week with its 2016 edition of The Art Show at the Park Avenue Armory. The fair is characterized by a high concentration of solo-artist presentations, featuring a diverse range of works including Milton Avery's paintings, Jasmin Sian's intricate paper deli bags, and Deborah Butterfield's bronze horse sculptures. Notable highlights include Maria Elena González’s player piano rolls based on birch bark patterns and a strong showing of female artists like Gillian Wearing and Mary Bauermeister.

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Singapore's Art SG fair featured a new pavilion called South Asian Insights, backed by India's TVS Motor Company, showcasing contemporary art from South Asia. The pavilion, which included eight galleries and featured a tapestry by Raqib Shaw sold to a Japanese collector, was crowded and highlighted the rising market for South Asian art.

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The Asia-Pacific art scene saw significant activity across multiple sectors. Art SG reported increased attendance and sales, while the SAM Art SG Fund acquired works for the Singapore Art Museum. JD.com announced plans for a major new museum in Shenzhen, and several appointments and award winners were named across the region. Auction houses Bonhams Hong Kong and Sotheby's Singapore posted strong sales results, with the latter setting new artist records.

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Artnet News highlights 11 must-see gallery shows during Armory Art Week in New York City, running from September 5 to October 26, 2024. Featured exhibitions include Gina Beavers' 'Divine Consumer' at Marianne Boesky Gallery, where she presents semi-sculptural relief paintings inspired by internet blankets and towels; Jenny Holzer's 'Words' at Sprüth Magers, showcasing her text-based works from the 1980s to present, including a new AI-generated LED installation; 'Radical Artists of the 1960s/1970s: Between Geometry and Gesture' at David Nolan, featuring works by Barry Le Va, Bruce Nauman, and others; and Stephen Thorpe's 'Dream House' at Dimin, with oil paintings of interiors merging into dreamlike landscapes.

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Artnet News reports on the top five most expensive Helen Frankenthaler paintings sold at auction, all from the 1970s and all sold within the past five years. The list includes "Basin" (1979, $4.53M at Christie's New York in May 2025), "Carousel" (1979, $4.74M at Sotheby's New York in 2020), "Circe" (1974, $4.77M at Sotheby's New York in 2022), and "Dream Decision" (1976, $5.89M at Sotheby's New York in 2021), with the top lot yet to be fully detailed. The article highlights Frankenthaler's soak-stain technique, her influence on Color Field painting, and the role of Gagosian Gallery in elevating her market after her death in 2011.

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Artist Christian Marclay is interviewed at Berlin's Neue Nationalgalerie ahead of his exhibition "The Clock," a 24-hour single-channel video installation that runs through January 25, 2026. The artwork is a meticulously edited collage of film clips, each showing a timepiece or time-related action, synchronized in real-time so that the film's time matches the viewer's actual time. Marclay discusses his long-standing interest in time, the project's origins in the early 2000s, and his process of deconstructing and linking found footage, emphasizing the crucial role of sound in smoothing transitions.

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Art Basel Miami Beach 2025 opened amid cautious optimism following the $2.2 billion New York auctions, with Google co-founder Sergey Brin and WhatsApp co-founder Jan Koum spotted in Miami. Dealers reported strong sales, including an $18.5 million Joan Mitchell painting at Gray purchased by dealer Lillian Heidenberg. The fair introduced a new digital art section, Zero 10, sponsored by OpenSea and curated by Eli Scheinman, aimed at attracting crypto-wealthy collectors and younger audiences. Meanwhile, Art Basel hired Elena Soboleva, formerly of David Zwirner, as global head of audience growth and intelligence to engage the next generation of collectors.

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This week's art industry roundup covers major sales and developments across art fairs, auction houses, and galleries. At Art Basel Miami Beach, strong sales were reported, including an $18 million Warhol at Lévy Gorvy Dayan's booth, while NADA Miami featured around 140 exhibitors. The Art Dealers Association of America announced a new ADAA Fair at the Park Avenue Armory for November 2025, and Design Miami will expand to Dubai in 2027 with Alserkal. In auctions, Fabergé's 'Winter Egg' sold for $30.2 million at Christie's London, becoming the most expensive Fabergé egg ever auctioned, and Rembrandt's etching 'Arnout Tholinx, Inspector' set a world record for an Old Master print at $4.1 million. A rare 15th-century triptych also sold at Sotheby's for $7.6 million. Gallery news includes the formation of Pace Di Donna Schrader Galleries, Hauser and Wirth's acquisition of a Palermo palazzo, and several artist representation changes.

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Art Basel Miami Beach 2025 launched a new digital art section called Zero 10, featuring works like Beeple's robotic dogs with billionaire heads and Tyler Hobbs' generative art. The fair aimed to attract tech-sector buyers, with sales including IX Shells' interactive video installation for $140,000 and Jack Butcher's pay-what-you-wish installation drawing hundreds of new collectors. The section had surprisingly few screens, emphasizing conceptual engagement over spectacle.

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NADA Miami 2025 opened at Ice Palace Studios with strong early sales and a buoyant mood, as crowds streamed through the aisles on Tuesday morning. Dealers reported brisk business, with Polina Berlin selling multiple works by artists including Tamo Jugeli, Parmen Daushvili, and Casey Bolding, while Charles Moffett sold ten paintings by Kenny Rivero. The fair, hosting around 140 exhibitors, saw participation from galleries like Deanna Evans Projects, Alice Amati, and Gladwell Projects, with many dealers expressing relief and confidence after a multi-year contraction in the art market.

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Sperone Westwater, the venerable New York gallery that celebrated its 50th anniversary two months ago, will close as an entity on December 31, 2025. Co-founders Angela Westwater and Gian Enzo Sperone have decided to pursue separate endeavors, affecting 28 artists and estates. The gallery, known for representing legends like Bruce Nauman and David Lynch, will continue its current Richard Long show through December 13 and attend Art Basel Miami Beach as planned. The closure follows months of rumors and comes as both partners are in their 80s.

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Abu Dhabi Art (ADA) opens its largest edition to VIPs on November 18 at Manarat Al Saadiyat, featuring 142 exhibitors—up from just over 100 last year. This is the final edition under the ADA name before it relaunches as Frieze Abu Dhabi in 2025, marking a major transition for the Gulf's art market. Key international dealers like Pace are returning after a long absence, and the fair includes works by Robert Indiana, Arlene Shechet, and a teamLab installation. The event comes as Art Basel also plans its 2026 debut in Qatar, signaling a broader regional shift.

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Y.Z. Kami's painting *Messenger (The Forrest)*, priced around $300,000, is currently on offer at Gagosian's Beverly Hills gallery. The work is part of a series the artist began in 2022 based on photographs taken during travels in India. Kami, born in Tehran in 1956 and based in the U.S. since 1984, is known for large-scale portraits in oil on linen. The painting is featured in Kami's exhibition 'The Domes' at Gagosian, which runs through August 8 and includes three Messenger paintings, one already sold. The show marks his first West Coast solo exhibition since 2016–17 at LACMA.

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Emily Kam Kngwarray, the prolific Aboriginal artist who began painting in her 70s, is receiving belated international recognition nearly two decades after her death. A landmark survey of her work is currently on view at Tate Modern in London, while major galleries and auction houses are selling her pieces for record prices. The article, part of Artnet News's 'Art Market Minute' series, examines which of Kngwarray's works fetch the highest prices and where market growth potential remains.

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Sotheby's Asia faces another leadership shake-up as Elaine Holt departs her role as chairman of modern and contemporary art in Asia after just one year. Jasmine Prasetio, Sotheby's managing director for Southeast Asia, will relocate to Hong Kong to serve as interim chair. Meanwhile, European galleries Meyer Riegger and Galerie Jocelyn Wolff are partnering to open a new space in Seoul called Meyer Riegger Wolff, led by Gala Musi, with an inaugural show during Frieze Seoul. Design Miami will make its Asian debut in Seoul, and London-based artist Firenze Lai has joined White Cube's roster. In Taiwan, the Taichung Green Museumbrary, designed by SANAA, is set to open in December, and the Gwangju Biennale Foundation has appointed Youn Bummo as its new president.

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The Toledo Museum of Art has opened "Infinite Images: The Art of Algorithms," an exhibition tracing the history of code-based art from the 1960s to the present. Curated by Julia Kaganskiy, the show features 24 artists including pioneers like Sol LeWitt, Josef Albers, and Vera Molnár, alongside contemporary digital creators such as Larva Labs, Snowfro, Dmitri Cherniak, Operator, and Emily Xie. Works range from Molnár's "Interruptions" series (1968–69) to recent generative and on-chain pieces like CryptoPunks (2017) and Chromie Squiggles (2020), many drawn from the collection of hedge fund manager Alan Howard.

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Jordan Wolfson's latest virtual reality artwork, *Little Room* (2025), debuted at the Fondation Beyeler in Basel during Art Basel. The piece requires participants to undergo a full-body scan using 96 cameras, creating a detailed 3D model that is uploaded into a VR environment. Once inside, pairs of participants find they have swapped bodies, experiencing a disorienting and intimate encounter where they watch their own body being controlled by another person. The work involves a lengthy, ritualistic queue and a twelve-minute VR session that explores themes of identity, voyeurism, and technological mediation.

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Asian collectors and dealers are increasingly choosing to skip Art Basel's flagship Swiss edition in favor of Art Basel Paris, citing the French capital's more appealing experience. Amid a market contraction, figures like Monique Leong are skipping Basel for the second year, while others such as Kankuro Ueshima, Rosy Wu, and Kazunari Shirai still attend. Notable appearances include K-pop star RM of BTS, who made his first public appearance after military service as Samsung Art TV's global ambassador. The fair saw Asian languages spoken widely, and young first-time collectors brought private guides to maximize their visit.

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A new exhibition at Hauser & Wirth's Basel location, timed to Art Basel, reexamines the legacy of Swiss artist Meret Oppenheim, 40 years after her death. The show aims to move beyond her famous 1936 work *Object (Breakfast in Fur)*, presenting the full breadth of her practice across sculpture, painting, readymades, and wearable art. Curated by Josef Helfenstein, the exhibition positions Oppenheim as a multifaceted artist who resisted the labels of Surrealist muse and pop star, highlighting her irreverent, medium-defying approach.

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Artist Joe Coleman is the subject of a new documentary film, "How Dark My Love," directed by Scott Gracheff, which premiered at the Tribeca Film Festival in New York. Concurrently, Coleman has curated a group exhibition titled "Carnival" at Jeffrey Deitch gallery, featuring his own hyperrealistic paintings alongside works by artists such as Derrick Adams, George Condo, and Anne Imhof, as well as his personal collection of oddities and ephemera. The film centers on the creation of Coleman's magnum opus, a life-size portrait of his wife, Whitney Ward, titled "Doorway to Whitney," which took nearly four years to complete.

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Ghanaian artist Ibrahim Mahama has transformed the lakeside terrace of London's Barbican Centre with a monumental textile installation titled "Purple Hibiscus" (2023-24). The work, measuring 6,560 square feet, is made from handcrafted pink and purple fabric adorned with approximately 130 traditional ceremonial robes called batakaris, sourced from communities in Tamale, Ghana. Mahama collaborated with a network of local women weavers and employed around 1,000 workers to produce the piece over seven months, using Tamale's Alui Mahama sports stadium as a workspace. The installation is part of the Barbican's exhibition "Unravel: The Power and Politics of Textiles in Art."

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James Franco has created a series of nude paintings of his friend and fellow actor Seth Rogen, based on a 2011 book of fan art by Christopher Schulz. The works, rendered in acrylic over graphite illustrations, include sexually provocative phrases and are slated for exhibition at OHWOW gallery in Los Angeles, despite earlier confusion about a show at Pace Gallery. The paintings have drawn criticism online for alleged homophobia and plagiarism, adding to Franco's recent legal troubles.

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The Nahmad family sold a Francis Bacon painting titled *Pope* (1958) for $15 million at the VIP opening of Art Basel. The work, which had been purchased by Helly Nahmad gallery for $6.6 million at a Sotheby’s auction in 2019, was the second-highest known price at the fair, trailing only a $40 million Louise Bourgeois *Spider* sold by Hauser & Wirth.

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Swiss artist Jean Tinguely, born 100 years ago on May 22, 1925, is celebrated in a centenary retrospective at Pirelli HangarBicocca in Milan. Known for his kinetic sculptures—clattering, motorized assemblages of cogs, wheels, and found objects—Tinguely emerged from Dada influences in Basel and Paris to become a leading figure of kinetic art. His work satirizes technological reliance and explores themes of mortality, often incorporating animal skulls and planned explosions. Major retrospectives at the Stedelijk Museum (2016) and Pirelli HangarBicocca (2024) have revived interest in his oeuvre.

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Artnet News' Wet Paint gossip column presents a selective summer guide for the art world, highlighting key exhibitions and social hotspots. In Manhattan, the Upper East Side offers the Park Avenue Armory's Diane Arbus photo exhibition, the Met's John Singer Sargent show, and the newly opened Frick with its Westmoreland café. Downtown, Bar Oliver in Two Bridges has become an art world haunt, co-created by Olmo and Cy Schnabel. The column also previews themed group shows: "Hope is a dangerous thing" at P.P.O.W. and "CAKE" at Olympia Gallery, featuring edible artworks. Exclusive news reveals the engagement of Lucas Zwirner to Charlotte Lindemann, merging two powerful art-dealing families. Additionally, Sky High Farm in Germantown, New York, is launching a new biennial with works by Anne Imhof, Rudolf Stingel, and Felix Gonzalez-Torres.

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Art Basel's Unlimited sector opened on Monday at the Messeplatz in Basel, featuring 70 large-scale projects selected from 93 galleries. Curated by Giovanni Carmine, the showcase includes works such as Agnes Denes' wheat field installation, Mario Ceroli's peace-themed flags, Christo's wrapped Volkswagen Beetle (priced at $4 million), and pieces by Lutz Bacher, Alex Da Corte, and Anna Uddenberg. VIP collectors and museum directors, including Paul Ettlinger and Chris Dercon, were among the first attendees, with galleries using early social media posts to signal status and generate buzz.

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Seven works on paper by Egon Schiele have been restituted to the heirs of Fritz Grünbaum, a Jewish cabaret performer killed at Dachau concentration camp in 1941 after being forced to surrender his art collection to the Nazis. Six of these pieces will be auctioned at Christie’s New York in November 2024, with three watercolor portraits—including *Stehende Frau (Dirne)* (1912), *Selbstbildnis* (1910), and *Ich liebe Gegensätze* (1912)—headlining the 20th Century Evening Sale on November 9, and three more offered in the Impressionist and Modern Works on Paper Sale on November 11. Estimates range from $150,000 to $2.5 million per work, and proceeds will be split among Grünbaum’s heirs, who plan to fund a scholarship program for young musicians.

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Dan Flavin, the renowned Minimalist artist known for his fluorescent light installations, created two artworks dedicated to his golden retriever Airily, who was a champion show dog. The works, titled "untitled (to my dear bitch, Airily)" (1981) and "untitled (to my dear bitch, Airily) 2" (1984), are discussed in the context of Flavin's practice of dedicating pieces to people and pets. The second work, held by Kunstmuseum Basel, was displayed at the Pulitzer Arts Foundation in 2008 and at Dia Bridgehampton in 1985.

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Artist Oscar Yi Hou curated the group show "Deviations" at James Fuentes gallery in Tribeca, featuring 12 queer and trans artists including Juliana Huxtable, Martine Gutierrez, and Ser Serpas. The exhibition, on view through May 7, includes works by Yi Hou himself and explores themes of hybridity, queer intimacy, and the illusion of function through sculptures and paintings. Yi Hou, a 26-year-old breakout star on the gallery's roster, previously had a highly successful solo show "The Beat of Life" in November, with works acquired by institutions like the Brooklyn Museum.