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Ten years after London dealer Vanessa Carlos launched the gallery sharing initiative Condo in the East End, the collaborative model has become a key survival strategy for galleries of all sizes, especially smaller ones. The latest edition of Condo London runs from Saturday to February 14. Brunette Coleman, a photography-forward gallery launched in 2023 by Anna Eaves and Ted Targett in Bloomsbury, exemplifies this trend: it has grown quickly through cooperative exhibitions rather than costly fairs, participating in Condo for the second time this year by hosting Milan’s Zero gallery. The gallery represents six international artists, and its artist Nat Faulkner won Frieze London’s Emerging Artist Award in 2024, with a solo show opening at Camden Art Centre.

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New York's November 2025 auction season is set to feature at least $1.67 billion in art across Sotheby's, Christie's, and Phillips, a 54% increase in estimates from the same period last year. The season is dominated by major estates, including Leonard Lauder's $400 million trove at Sotheby's with Klimt paintings and Matisse bronzes, Cindy Pritzker's collection featuring a Van Gogh, and anonymous Surrealist works. Christie's offers $736 million in low estimates from collections like Robert and Patricia Weis, Elaine Wynn, and Stefan Edlis. Phillips remains risk-averse, focusing on established names. The market shows a flight to quality, with emerging art reduced and delegated to day sales, while ultra-contemporary segments contract.

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Expo Chicago 2025 wrapped on Sunday with upbeat energy and larger crowds than usual, thanks to a scheduling change that allowed VIPs earlier access. The fair, now in its second edition under Frieze ownership, featured 170 exhibitors, a new magazine with artist profiles of Caroline Kent and Nick Cave, and a partnership with KIAF and the Galleries Association of Korea that brought 20 Korean galleries. Dealers reported healthy sales, including a sold-out presentation by Jaylon Hicks at Maximilian Williams gallery, with works priced from $3,000 to $20,000. Frieze leaders attended major events, signaling continued commitment to Chicago nearly two years after acquiring the fair.

Ascendant Art Basel Paris rewards top dealers, while smaller galleries compete for attention

Art Basel Paris has rewarded top dealers with significant sales during its new VVIP preview slot, Avant-Première, held on October 21. Hauser & Wirth led with over $30 million in sales, including Gerhard Richter's "Abstrakte Bild" (1987) for $23 million, while David Zwirner sold a Ruth Asawa sculpture for $7.5 million. Goodman Gallery sold two works by William Kentridge to museums, and White Cube placed Julie Mehretu's "Charioteer" (2007) for $11 million. However, some dealers like Philomene Magers found the opening too crowded, and adviser Aileen Agopian noted the market remains far from the frenzy of previous years, with no single sale surpassing the $40 million Mark Rothko painting brought by Pace two years ago.

Art Basel’s Soft Opening Belies Strong, Swift Sales Across Tiers

Art Basel's 2025 edition opened with a soft atmosphere that belied strong and swift sales across all price tiers. Major galleries reported significant transactions: David Zwirner sold 68 works including a $9.5 million Ruth Asawa sculpture and a $6.8 million Gerhard Richter painting; Gladstone placed a $3.5 million Keith Haring piece; and Thaddaeus Ropac sold a €1.8 million Georg Baselitz and a $1.8 million James Rosenquist painting to a European institution. White Cube, Hauser & Wirth, and Tina Kim Gallery also reported robust sales, with works by artists such as Dana Schutz, Marlene Dumas, Yayoi Kusama, and Ha Chong-Hyun moving quickly. However, mid-tier galleries like Marianne Boesky Gallery noted more cautious, eye-driven buying rather than the frenzied chasing of past years.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

Frieze New York shows signs of stability in challenging US art market

Frieze New York (7-11 May) opens its 13th edition at The Shed with around 65 galleries, including mega-galleries Gagosian, David Zwirner, Hauser & Wirth, Pace, and White Cube. The fair arrives amid a turbulent art market: global art sales declined 12% in 2024 per Clare McAndrew's Art Market Report, and President Trump's tariff decisions have roiled the stock market. Frieze's owner Endeavor recently sold the fair to a new company founded by former CEO Ari Emanuel. Despite this, US fair director Christine Messineo expresses optimism, citing strong sales at Frieze Los Angeles in February. The Focus section features 12 emerging galleries, seven of which are first-time participants, including King's Leap, Management, Voloshyn Gallery (Kyiv), and Public Gallery (London).

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The Hepworth Wakefield museum, supported by the Art Fund, has launched a public appeal to raise £3.8 million ($5 million) to acquire Barbara Hepworth's rare 1943 sculpture *Sculpture with Colour (Oval Form) Pale Blue and Red*. The work was purchased by a private collector at Christie's London in March 2024 for the same amount, but the UK government imposed a temporary export ban in December 2024, citing its outstanding historical and aesthetic significance. The museum has until August 27 to raise the remaining £2.9 million; the Art Fund has already contributed £750,000. If the goal is not met, the collector may export the piece.

Closure of DePaul Art Museum leaves collection in limbo

DePaul University has announced the permanent closure of the DePaul Art Museum (DPAM) effective June 30, citing a projected $27.4m budget deficit for 2026. Despite an open letter signed by over 3,000 students and faculty, the administration is moving forward with the shutdown of the $7.8m facility that has served as a cultural anchor since 2011. Director Laura-Caroline de Lara had successfully raised funds to keep the museum operational through the current season, but the university's leadership remains committed to the closure as part of a broader cost-cutting initiative.

Weekly News Roundup: May 5, 2026

The article reports three major developments in the global art world. Saudi Arabia's Diriyah Company has awarded a $490 million contract for a new flagship space of the Saudi Arabia Museum of Contemporary Art (SAMoCA) in Diriyah, designed by Godwin Austen Johnson. The Sharjah Art Foundation has announced details for Sharjah Biennial 17 (SB17), titled "What remains, sits restive," curated by Angela Harutyunyan and Paula Nascimento, featuring 109 artists and set to open in 2027. Additionally, DATALAND, a new AI art museum founded by Refik Anadol and Efsun Erkılıç, will open on June 20 in Los Angeles, showcasing digital and immersive artworks.

Greece Creates New Art Crime Unit to Combat Forgery and Trafficking

Greece has enacted a comprehensive new law to combat art crime, establishing a specialized unit within the Ministry of Culture to target forgery, antiquities trafficking, and vandalism. The legislation introduces significantly harsher penalties, including fines up to €300,000 and prison sentences of up to 10 years, while expanding the scope of criminal activity to include the mere possession of forged works with intent to distribute.

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A painting by Emily Carr, titled *Fir Trees* (ca. 1935), sold for CA$576,000 ($418,370) at Cowley Abbott’s live auction of Canadian and international art in Toronto on May 28, more than doubling its low estimate. The work is a vivid example of Carr’s signature forest scenes, reflecting her deep connection to the British Columbian landscape and her association with the Group of Seven. The auction also saw strong results for other Group of Seven artists, including Franklin Carmichael’s *Old Orchard* (1940) at CAD$768,000, and for Marcelle Ferron’s untitled 1964 abstract painting at CAD$696,000.

Andy Warhol | Original Exhibition Poster (2021) | For Sale

An original Andy Warhol exhibition poster from 2021 is being offered for sale by Baldwin gallery, with locations in London, Miami, and Dubai. The offset lithograph on paper measures 19.7 × 27.6 inches, is in mint condition, unsigned, and includes a Certificate of Authenticity. Priced at £650, the work ships from London with domestic shipping at £45 and international at £55, and is covered by the Artsy Guarantee.

London Saw Few Auction Shakeups as Guarantees Steadied the Market

Christie’s marquee evening sales in London achieved a combined total of £197.5 million ($263.8 million), characterized by a steady, prearranged atmosphere rather than high-stakes drama. The auction house relied heavily on financial safety nets, with a 52 percent year-over-year increase in third-party guarantees ensuring the sale of 21 key lots. While the event featured a theatrical unveiling of a new rostrum designed by Sir Jony Ive, the actual bidding remained largely conservative and focused on blue-chip stability.

Ten London Art Exhibitions Not To Miss Opening in March 2026

London’s spring art season kicks off this March with a diverse array of high-profile exhibitions across the city's major institutions. Highlights include the Serpentine Galleries hosting concurrent shows by David Hockney and Cecily Brown, while the National Portrait Gallery presents the first major UK museum survey of American photographer Catherine Opie. Other notable openings include a George Stubbs focus at the National Gallery and a comprehensive look at the Baroque architecture of Sir John Vanbrugh at the Sir John Soane’s Museum.

Why Helen Chadwick’s earthy, provocative art remains as vital as ever

Nearly 30 years after her death in 1996 at age 42, artist Helen Chadwick is receiving renewed attention with a major retrospective, "Helen Chadwick: Life Pleasures," at the Hepworth Wakefield. The exhibition spans two decades of her provocative work, including iconic pieces like "The Oval Court" (1984-86) and the chocolate fountain "Cacao" (1994). Chadwick was known for using unconventional materials—rotting organic waste, meat, hair, cleaning fluids—to explore identity, gender, and the sensuous body, often with irreverent humor. She was also a influential teacher at the Royal College of Art, Goldsmiths, Chelsea, and Central St Martins, mentoring artists such as Tracey Emin, Anya Gallaccio, Sarah Lucas, and Damien Hirst.

What does a so-called ‘buyer’s market’ look like at Art Basel?

At Art Basel 2025, a consensus has emerged among dealers and advisers that the fair represents a 'buyer's market,' characterized by slow sales, modest expectations, and increased negotiating power for collectors. Galleries are offering discounts of 20-30% below asking prices, particularly for works under $1 million, though open discussion of discounts remains taboo in Switzerland. Some dealers, like Tim Blum of Blum gallery, acknowledge a paradigmatic shift, with galleries adapting by focusing on established artists and estates, while still seeing demand for reasonably priced younger artists.

Have we reached peak painting?

The article examines the enduring dominance of painting in the art world, despite repeated predictions of its demise. It cites record-breaking sales—Leonardo's *Salvator Mundi* ($450m), Jasper Johns's *Flag* ($110m), and Marlene Dumas's *Miss January* ($13.6m)—and highlights the upcoming Jenny Saville survey at the National Portrait Gallery in London. The Turner Prize shortlist includes painter Mohammed Sami, whose work *Poor Folk II* sold for $571,500 at Sotheby's, far exceeding estimates. Exhibitions like *Painting after Painting* at SMAK in Ghent and *R U Still Painting???* in New York explore how artists continue to use the medium, with curators and market figures affirming painting's resilience.

Simply divine: the extraordinary supernatural visions of Francisco de Zurbarán

Francisco de Zurbarán, one of the three great Spanish 17th-century painters alongside Velázquez and Murillo, is finally receiving his first solo exhibition in the UK at the National Gallery in London. The show highlights his distinctive style of religious painting, characterized by stark chiaroscuro, sculptural realism, and a meditative stillness that makes the immaterial seem tangible. Works such as his crucified Christ and The Apparition of Saint Peter to Saint Peter Nolasco exemplify his ability to depict visions and inner spirituality, often commissioned by powerful religious foundations in Seville during the Counter-Reformation.

There Has Never Been an Apolitical Venice Biennale

The Venice Biennale, with its national pavilion structure, has always been a platform for political expression and soft power, a reality evident from its early 20th-century origins. Contemporary critic Arturo Lancellotti's 1909 review of the German and British pavilions was steeped in geopolitical context, revealing how national artistic displays were interpreted through the lens of imperial power and military alliances.

Lorna Simpson’s David Adjaye–Designed Brooklyn Home and Studio Remains On the Market—At a Much-Reduced Price

Artist Lorna Simpson has significantly reduced the asking price for her Brooklyn home and studio, located at 208 Vanderbilt Avenue in Fort Greene. Originally listed for $6.5 million in August 2025, the 3,300-square-foot townhouse is now priced at $5 million following months on the market. The property, which features a double-height great room and floor-to-ceiling windows, was custom-built in 2006 for Simpson and her then-husband, artist James Casebere.

Met Museum to Stage Giacometti Show in Temple of Dendur This Summer

The Metropolitan Museum of Art has announced a rare exhibition of Alberto Giacometti’s sculptures to be staged within the iconic Temple of Dendur this summer. Titled “Giacometti in the Temple of Dendur,” the show will feature 17 works, including "Walking Woman (I)" and "Women of Venice," marking a significant departure for the ancient Egyptian site which seldom hosts temporary exhibitions.

Spain’s Culture Minister Rejects Guernica Transfer, but Basque Leaders Refuse to Take No for an Answer

Spain’s Culture Minister, Ernest Urtasun, has officially rejected a request from the Basque regional government to temporarily transfer Pablo Picasso’s iconic painting, Guernica, to the Guggenheim Museum Bilbao. Citing conservation reports from the Museo Reina Sofía, Urtasun argued that the 1937 masterpiece is too fragile to travel and that his primary duty is to preserve the work for future generations. Basque leaders, led by Lehendakari Imanol Pradales and Senator Igotz López, have challenged this decision, calling for an independent feasibility study and appealing directly to Prime Minister Pedro Sánchez.

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Lebanese-born artist Ali Cherri discusses his latest exhibition, "Last Watch Before Dawn," currently on view at Almine Rech in New York. The show centers on his new film, *The Sentinel* (2025), which explores the psychological and physical toll of military service through the figure of a French soldier. This exhibition marks a shift in Cherri’s practice, as he integrated the creation of sculptures and watercolors directly into the filmmaking process, allowing the gallery space to function as an extension of the cinematic set.

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Joseph Beuys remains one of the most polarizing figures in 20th-century art, a former Nazi soldier who reinvented himself as a shamanic healer and a founding member of the Green Party. A new monographic study by art historian Daniel Spaulding, 'Joseph Beuys and History', re-evaluates the artist's legacy by confronting his refusal to apologize for his wartime past and his use of ambiguous materials like fat and felt. Spaulding argues that Beuys’s work should be read through the lens of 'bad faith,' where his utopian slogans masked a deep, unresolved engagement with the horrors of the Holocaust.

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Germany has established a new governmental body, the Coordination Council for Returns of Cultural Property and Human Remains from Colonial Contexts, to streamline the restitution of artifacts and remains acquired during the colonial era. The council, comprised of federal, state, and municipal leaders, aims to fulfill long-standing pledges to repatriate objects that were unfairly taken from former colonies, addressing a process that has frequently stalled in recent years.

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Geoffrey Kelly, the FBI’s lead investigator on the Isabella Stewart Gardner Museum heist for over two decades, has released a new book titled 'Thirteen Perfect Fugitives'. Published ahead of the 36th anniversary of the 1990 theft, the book provides an insider’s perspective on the investigation into the world’s largest art heist, where 13 works valued at over $1 billion were stolen. Kelly, who retired in 2024, details the FBI's findings regarding the individuals involved and the ongoing, unsuccessful efforts to recover the missing masterpieces.

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British television presenters Ant McPartlin and Declan Donnelly have obtained a High Court order to investigate potential financial misconduct involving their contemporary art collection. The duo is seeking disclosure from art dealer Andrew Lilley regarding transactions for several Banksy prints, alleging that an unnamed intermediary may have pocketed undisclosed profits. The court found a "good arguable case" of wrongdoing after a discrepancy of approximately $335,000 was discovered between what the presenters paid and what the dealer reportedly received.

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Conservators at the Isabella Stewart Gardner Museum have successfully identified the original 17th-century upholstery for a set of 14 chairs in the Dutch Room, the site of the infamous 1990 art heist. Using a combination of AI colorization software called Palette and the discovery of a single faded thread, the team determined that the chairs were originally vibrant red with pink stripes, rather than the fabric used in a 1970s restoration. This discovery is part of a comprehensive three-year project to restore the room to the founder's original vision.

Venice Biennale Announces Participating Artists; Christophe Leribault Poised to Replace Ousted Louvre President; Morning Links for February 25, 2026

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The Venice Biennale has officially released the artist list for its 61st edition, titled “In Minor Keys,” which is set to open in May 2026. Despite the sudden passing of curator Koyo Kouoh last year, the exhibition will proceed based on her vision of 'minor keys'—a concept focusing on quiet tones, poetry, and improvisation as alternatives to dominant historical narratives. Simultaneously, a major leadership reshuffle is underway in Paris, with Christophe Leribault expected to lead the Louvre following Laurence des Cars' departure, and Annick Lemoine appointed to head the Musée d’Orsay.