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art market minute jan 19 2738213

Christie’s has secured the estate of Belgian collectors Roger and Josette Vanthournout, with over 200 works to be sold in its March sales in London, including a René Magritte painting estimated at $4.7 million. Meanwhile, South Africa blames Qatar for the cancellation of its Venice Biennale pavilion featuring a work about Gaza violence by Gabrielle Goliath, claiming Qatar sought to use the pavilion for "proxy power." Art Cologne has announced 88 exhibitors for its revived Palma, Mallorca edition launching April 9.

sothebys saudi arabia second auction art luxury 1234768014

Sotheby's will hold its second auction in Saudi Arabia, titled "Origins II," on January 31 in Diriyah, following its first auction in the kingdom in February 2024. The inaugural sale, also called "Origins," achieved $17.3 million within pre-sale estimates but had a 65.8% sell-through rate, with 40 of 117 lots unsold, particularly jewelry and handbags. The upcoming auction will focus exclusively on fine art, featuring over 70 works by international and Middle Eastern artists, including Anish Kapoor, Andy Warhol, Mohammed Al Saleem, Mahmoud Sabri, and Samia Halaby. The sale is scheduled just before the inaugural Art Basel Qatar.

art market minute nov 17 2714089

The U.K. Crown Prosecution Service has charged Hauser & Wirth and an art shipping firm with violating criminal sanctions by making George Condo's 2021 work on paper, *Escape from Humanity*, available to a person connected to Russia in 2022. Separately, Frida Kahlo's 1940 painting *El sueño (La cama)*, estimated at $40–60 million, will be auctioned at Sotheby's on November 20, potentially yielding a 78,400 percent return for its consignor. Qatar is also planning the first duty-free art storage unit in the Gulf.

dubai reveals plans for first modern and contemporary art museum 1234759438

Dubai has announced plans for its first museum dedicated to modern and contemporary art, the Dubai Museum of Art (DUMA), designed by Pritzker Prize-winning Japanese architect Tadao Ando. Located along Dubai Creek, the five-story museum will feature a curved shell inspired by the sea and pearl, with a central roof opening, library, study rooms, and flexible spaces for art fairs. The project is developed by the Al-Futtaim Group with support from Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum. No opening date has been set.

kiran nadar bought m f husain record breaking painting christies 1234757841

Kiran Nadar, a prominent Indian collector, revealed she purchased M.F. Husain's 1954 painting *Untitled (Gram Yatra)* for $13.8 million at Christie's New York, making it the most expensive work of Indian modern art ever sold at auction. The painting, estimated at $2.5–3.5 million, was originally owned by Norwegian surgeon Leon Elias Volodarsky and later donated to Oslo University Hospital, which consigned it after a 13-year deaccessioning process.

fake paintings india investment banker farmer charge sheet 1234757550

Indian officials have released a charge sheet in an ongoing investigation into the sale of forged paintings attributed to major modern Indian artists M. F. Husain, S. H. Raza, Manjit Bawa, and F. N. Souza. The alleged scheme involved a poor farmer, Raghavendra Parmar, who posed as a maharaja to sell fake works, aided by lawyer Vishwang Desai, who presented himself as a collector to persuade investment banker Puneet Bhatia to purchase the pieces. The paintings, collectively valued at around ₹17.9 crore ($2 million), were allegedly funneled through Mumbai's Rare Art Gallery, run by Rajesh Rajpal, and the related firm Art India International. A former IAS officer, Subroto Banerjee, is also implicated but denies involvement.

art basel qatar 2647140

Art Basel is expanding to the Middle East with a new fair in Doha, Qatar, set to launch in February 2026. The inaugural edition will feature around 50 galleries from local and international scenes, held across two venues: M7 and the Doha Design District. The fair is a partnership between Art Basel, Qatar Sports Investments (QSI), and QC+, a cultural commerce collective under Qatar Museums. A new artistic director will be announced soon, and the fair aims to scale up over time, with additional art activations in outdoor spaces like Msheireb Museums and Barahat Msheireb square.

Frieze Taps Art Basel Veteran Frank Lasry as Chief Operating Officer

Frieze has appointed Frank Lasry as its new Chief Operating Officer, effective this June. Lasry joins the organization with an extensive pedigree in the art market, having previously served as COO at Perrotin and managing director at Art Basel, where he was instrumental in launching Art Basel Paris. His career also includes senior leadership roles at major auction houses Christie’s and Phillips, positioning him as a veteran executive with deep operational expertise across multiple sectors of the industry.

africa art market shift 2745718

The 1-54 Contemporary African Art Fair in Marrakech saw a significant contraction in 2026, with participation dropping by over 25 percent to just 22 galleries. This decline coincides with the recent arrival of Art Basel in Doha, which is intensifying competition for galleries and collectors' attention across the MENASA region, forcing dealers to make strategic choices about which fairs to support.

untitled 2026 (a gathering of remarkable people)

The National Pavilion of Qatar has announced its presentation for the 61st Venice Biennale, titled "untitled 2026 (a gathering of remarkable people)." Commissioned by Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani and co-curated by Tom Eccles and Ruba Katrib, the exhibition features a tent-like structure designed by Rirkrit Tiravanija. The space will host a collaborative program including a film by Sophia Al-Maria, performances by Tarek Atoui, a large-scale sculpture by Alia Farid, and a culinary program by chef Fadi Kattan.

War in the Middle East, the Whitney Biennial, and a newly-discovered Rembrandt in Amsterdam—podcast

The Rijksmuseum in Amsterdam has officially authenticated a previously dismissed painting, 'The Vision of Zacharias in the Temple' (1633), as a genuine work by Rembrandt van Rijn. Long considered a mere copy of a lost original, the piece has been upgraded following extensive research by the museum's scholarly team. Simultaneously, the 82nd Whitney Biennial has launched in New York, while the escalating conflict in the Middle East raises concerns regarding the stability of the burgeoning cultural tourism sector in the Persian Gulf.

Art Basel Qatar, Dürer portrait debate, Paula Modersohn-Becker and Edvard Munch—podcast

The Art Newspaper's podcast covers the inaugural Art Basel Qatar art fair in Doha, discussing its impact on Qatar and the Middle East art scene. It also examines a debate over a Dürer portrait in London's National Gallery, long considered a copy but now argued to be an autograph work by a new catalogue raisonné author. The episode features a double-header exhibition at the Albertinum in Dresden pairing Paula Modersohn-Becker and Edvard Munch, with co-curator Andreas Dehmer discussing key works.

Lawrence Abu Hamdan and Lydia Ourahmane among artists confirmed for new Qatar quadrennial

Qatar has announced details for its inaugural Rubaiya Qatar quadrennial, set to open in November across Doha and the wider state. The headline exhibition, 'Unruly Waters,' will feature over 50 artists, including Lawrence Abu Hamdan and Lydia Ourahmane, and more than 20 new commissions. It will be curated by a team led by Tom Eccles and Ruba Katrib, and will incorporate historic objects from Qatar Museums.

David Beckham dutifully does the art rounds in Doha

David Beckham was a prominent attendee at Art Basel Qatar in Doha, visiting key art venues and installations. He was seen at Thai artist Rirkrit Tiravanija's interactive installation in MIA Park, viewing works by Chung Seoyoung at the Fire Station, and attending a performance by Haroon Mirza alongside major collector Sheikha al-Mayassa. Movie star Angelina Jolie was also spotted at a special project by the performance collective Sweat Variant.

M.F. Husain in Qatar: bridging Asia and the Arab world

The article examines the life and legacy of Indian modernist painter M.F. Husain, focusing on his final years as a citizen of Qatar. It details his rise as a leading figure of the Progressive Artists' Group, his embodiment of a secular, post-independence Indian identity through his art, and the controversy that forced him into exile after 1996 due to accusations of blasphemy for depicting Hindu deities. He ultimately accepted Qatari citizenship in 2010 and died in London in 2011.

From a bakery pop-up to an I.M. Pei survey: the exhibitions to see in Doha during Art Basel Qatar

A series of major exhibitions are on view in Doha, coinciding with the Art Basel Qatar event. These include Rirkrit Tiravanija's interactive bakery installation at MIA Park, two major surveys of architect I.M. Pei's work at AlRiwaq Gallery and the Museum of Islamic Art, and a group show titled "we refuse_d" at Mathaf: Arab Museum of Modern Art.

What happens to the art market when humanity stops mattering?

The article examines the resilience of the high-end art market amid rising geopolitical tensions and shrinking public funding for culture. It notes that while sales at major auction houses like Sotheby's and Christie's have rebounded, political forces in the US and Europe are increasingly prioritizing military spending and exerting pressure on cultural institutions, drawing parallels to the rise of fascism in the early 20th century.

The biggest international museum openings in 2026

A roundup of major international museum openings scheduled for 2026 highlights new institutions and expansions across the US, Europe, and the Middle East. Notable projects include the Lucas Museum of Narrative Art in Los Angeles, the Guggenheim Museum in Abu Dhabi, Kanal in Brussels, the relocated Memphis Art Museum, LACMA's David Geffen Galleries, and the Design Museum Gent in Belgium, among others.

The Year Ahead 2026: the big exhibitions and the key museum openings—podcast

In the first episode of 2026, Ben Luke, Jane Morris, and Gareth Harris preview the year's major art events, including museum openings, biennials, and exhibitions. Highlights include the Guggenheim Abu Dhabi, V&A East, and the Lucas Museum of Narrative Art, along with the Venice Biennale, Whitney Biennial, and shows dedicated to artists like Gainsborough, Raphael, Zurbarán, and Matisse.

Fair behemoths bet on Gulf plus new, bigger venues for Independent—a quick look at art fairs in 2026

Art Basel and Frieze are both launching new fairs in the Arabian Gulf in 2026: Art Basel Qatar in Doha (5-7 February) and Frieze Abu Dhabi in Abu Dhabi (17-22 November). Art Basel Qatar will feature 87 galleries with solo artist presentations on the theme 'Becoming,' curated by artistic director Wael Shawky, with major dealers like Gagosian and David Zwirner participating. Frieze Abu Dhabi takes over the existing Abu Dhabi Art fair, with Dyala Nusseibeh remaining as director and Deutsche Bank as sponsor. Meanwhile, Independent's two New York fairs are moving to larger venues: the contemporary edition to Pier 36 on the East River in May, and Independent 20th Century to Sotheby's Breuer building in September. Art Cologne is also reviving its Mallorca edition at the Palau de Congressos in Palma.

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.

Did Qatar’s Courbet acquisition short-circuit French export licence process?

Qatar Museums has acquired Gustave Courbet's early self-portrait *Le Désespéré* (1843-45) from a French collector for €50 million, bypassing the standard French export licence process. The Musée d'Orsay revealed the purchase at a private event in October, announcing the painting will be lent to the museum for five years before moving to Qatar's future Art Mill Museum (opening by 2030). The sale was conducted without an export certificate, with the justification that the work will remain in France for most of the time, using temporary export licences for exhibitions in Doha. Critics, including heritage campaigner Julien Lacaze, argue this exemption is being misused, as it was intended for one-off exhibitions, not recurring rotations.

Art Basel Miami Beach aims to ‘end the year on a high note’

Art Basel Miami Beach (ABMB) opens amid a still-sluggish global art market, with sales at live events yet to recover to pre-pandemic levels. Director Bridget Finn expresses optimism following strong sales at Art Basel Paris in October, noting that gallerists and collectors were energized. The fair introduces structural changes, including relocating the Nova and Positions sections to the east entrance to spotlight emerging galleries, and launching Zero 10, a platform for digital art. Seven local Miami galleries are participating, with Nina Johnson making her ABMB debut. Despite a few longtime exhibitors withdrawing, Finn attributes this to galleries being more selective across Art Basel's five global fairs, including a new Qatar edition in 2026.

The Red-Hot Market for South Asian Modernism Has a New Star

A 1989 painting by Bangladeshi modernist S.M. Sultan, titled *Untitled (Cultivation)*, sold for $50,800 at Christie’s New York on Wednesday, more than doubling its high estimate of $25,000 and setting a new auction record for the artist. The work was acquired by a South Asian institution. Sultan, who died in 1994, is known for his depictions of muscular peasants and has only 14 recorded auction results, with his previous record of $19,500 set just two months earlier at Sotheby’s.

Christie’s celebrates the late Syrian artist Marwan with non-selling London show

Christie’s is presenting a non-selling exhibition titled "Marwan: A Soul in Exile" at its London headquarters this summer, featuring over 150 works by the late Syrian artist Marwan (1934-2016). The show draws from major private and institutional collections including the Barjeel Art Foundation, the Ramzi and Saeda Dalloul Art Foundation, the Pinault Collection, and the Berlinische Galerie. This marks Christie’s third such non-selling exhibition of Arab art in London over the past three summers, following shows focused on Arab artists from the Barjeel collection and Saudi artist Ahmed Mater. The exhibition coincides with Christie’s 25th anniversary in the UAE and a broader surge in the Middle Eastern art market, including a recent white-glove sale for its online Modern and contemporary Middle Eastern art auction in Dubai.

Ahead of new fair in 2026, Qatar takes centre stage at Art Basel

Qatar is making a major push at Art Basel this week, highlighted by the announcement of Art Basel Qatar, a new fair launching in February 2026. Models of upcoming cultural venues, including the Herzog & de Meuron-designed Lusail Museum, are on display in the Collectors Lounge, while Qatar Airways has announced a global partnership with Art Basel. Sheikha Al-Mayassa bint Hamad bin Khalifa Al Thani made a rare public appearance, speaking on a panel about the country's cultural ambitions and the role of art in addressing post-colonial identity and conflict.

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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.

Full extent of Stephen Friedman Gallery's £7.8m debt revealed in filings

Administrators' filings for Stephen Friedman Gallery reveal a total debt of £7.8 million following its closure in February. Three prominent artists—Alexandre Diop, Deborah Roberts, and Kehinde Wiley—are among the unsecured creditors owed a combined £795,000, expected to recover only eight to nine pence per pound. The largest secured creditor is Coutts & Company, owed £3.1 million, followed by Pentland Group with £1.4 million outstanding. The gallery also owes £505,113 to the Pollen Estate for its Cork Street lease, £550,000 to HMRC, and significant sums to shipping and storage firms, including Crozier (£256,470) and Gander & White (£86,772). Art fairs Frieze and Art Basel Qatar are owed £71,227 and £18,763 respectively.

art positions galleries art basel miami beach

CULTURED magazine profiles emerging galleries participating in the Positions sector of Art Basel Miami Beach 2025, highlighting their experiences and aspirations. The article features interviews with Allann Seabra and Ian Duarte of Verve gallery in São Paulo, who discuss their gallery's growth, representation of Afro-Brazilian artists at the 36th Bienal de São Paulo, and their mission to broaden global understanding of Brazilian contemporary art. Also featured is Mauricio Aguirre of N.A.S.A.L., a gallery based in Mexico City and Guayaquil, Ecuador, who describes his year as challenging, hectic, and promising.