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Comment | After a market shake up in 2025, it's time to create a right-sized art trade

The article reflects on the art market's turbulent 2025, marked by gallery closures, weak auction results, and canceled art fairs. Rather than viewing this as a collapse, the author argues it represents a necessary "right-sizing" of an industry that over-expanded during boom years. Key figures like Philip Hoffman of the Fine Art Group advocate for leaner, more agile business models, such as his new advisory firm New Perspectives Art Partners. Meanwhile, dealers in New York and Los Angeles are adapting through shared exhibition spaces and strategic mergers, including Marian Goodman Gallery hosting Jenkins Johnson Gallery and the formation of Hoffman Donahue.

widow sues new york auction house stamp collection

Shelley Entner, a Florida widow, is suing Robert A. Siegel Auction Galleries in New York for the return of her late husband Stanley Marks' stamp collection, valued at up to $2 million. Entner claims some stamps are missing from the collection, which Marks began in 1937 and continued until his death in 2016. The auction house sold the international portion in 2016 for $750,000, but Entner says a recent inspection revealed missing US stamps. The auction house denies the allegations, stating Entner changed her mind about auctioning the collection and refuses to reimburse $56,000 in insurance costs, while offering to return the stamps.

New York’s ‘Chaotic’ Mega Auction Season Ends on a Mixed Note

New York’s mega auction season concluded with mixed results, characterized by volatility and unpredictability. Major auction houses like Christie’s, Sotheby’s, and Phillips held high-stakes sales of Impressionist, modern, and contemporary art, with some lots exceeding expectations while others failed to sell or fell short of estimates. The season was marked by a ‘chaotic’ atmosphere, reflecting shifting collector preferences and market uncertainty.

Autumn Wunderkammer Auction - 2nd Session: Contemporary Decorative Art

Russell Kaplan Auctioneers is holding the second session of its Autumn Wunderkammer Auction on May 15, 2026, in Johannesburg, South Africa. The session, titled "Contemporary Decorative Art," will feature lots 700 through 1499, with approximately 60 lots sold per hour from 09:00 to 18:00.