frieze sells to hollywood kingpin ari emanuel in 200 million deal

Frieze, the art fair and media company, has been sold to Ari Emanuel, the former CEO of Endeavor, in a deal valued at around $200 million. The acquisition, reported by the Financial Times, covers Frieze's seven global fairs, its magazine, and its London exhibition space, No. 9 Cork Street. Emanuel, who stepped down as Endeavor CEO in March following the $25 billion acquisition of the conglomerate by Silver Lake, will own Frieze through a new company backed by a consortium of investors. Simon Fox will remain CEO, and the deal is expected to close in the third quarter of 2025.

Sotheby’s Posts $433 Million Haul, as Trophy Lots Continue to Carry the Market

Sotheby's May 2025 evening auctions in New York generated $433.1 million, a 132.7% increase over the same sales last spring, despite offering fewer lots. The evening featured an 11-lot sale from the collection of the late banker-turned-dealer Robert Mnuchin, which alone brought in $166.3 million, led by Mark Rothko's "Brown and Blacks in Reds" (1957) selling for $85.8 million. The main contemporary art auction, including "The Now" sale, totaled $266.8 million, with over 80% of lots guaranteed. Four works went unsold and one was withdrawn, yielding a 91% sell-through rate.

art basel air de paris

The French gallery Air de Paris has publicly withdrawn from Art Basel in Switzerland after being assigned a booth position its founders considered unfavorable. In an open letter, owners Florence Bonnefous and Edouard Merino stated they were offered a choice between their usual stand and a new one, only to have the rejected option imposed. The gallery, which has participated in Art Basel since 1999, accused the fair of prioritizing managerial efficiency over longstanding relationships. Art Basel defended its placement process, citing curatorial vision and logistical factors. Bonnefous, who served on the fair's selection committee, confirmed the gallery will still participate in Art Basel Paris in the fall.

The 5 Best Booths at ARCOmadrid 2026

Garden State Art Weekend: Celebrate Jersey’s Vibrant Art Scene, April 24-27

Garden State Art Weekend returns from April 24-27, 2025, with over 95 venues across New Jersey opening their doors for a four-day celebration of the state's art scene. Co-directed by artists Christine Romanell and Alison Pirie, the festival offers a digital guide and map for attendees to explore exhibitions, open studios, live demonstrations, and workshops at venues ranging from world-class museums to intimate artist studios. Highlights include the Montclair Art Museum, Newark Museum of Art (free admission all four days), Grounds for Sculpture, Zimmerli Art Museum, and special events like an iron pour for International Sculpture Day at Gardenship Art in Montclair. The festival's headquarters at Manufacturers Village Artists in East Orange hosts a kickoff party and a spring open house featuring over 65 artist studios.

Art Dubai Downsizes Dramatically as War Reshapes Plans

Art Dubai has announced a significantly scaled-back 20th-anniversary edition, reducing its exhibitor list by 57 percent following regional conflict and logistical disruptions. Originally scheduled for April, the fair has been postponed to May 15–17 at Madinat Jumeirah and will now feature only 50 galleries, with a heavy emphasis on regional participants. To support dealers during this period of uncertainty, organizers have implemented a "risk-sharing" booth fee model where galleries pay a percentage of sales capped at their original fee.

museums in crisis takeaways

Artnet News published its 'Museums in Crisis' series, a global investigation into pressures facing cultural institutions. Key takeaways include: Western museums face a funding and political crisis, with U.S. institutions losing hundreds of millions in federal support (including $428 million from the National Endowment for the Humanities) and European museums like those in Berlin facing cuts of €130 million. Corporate sponsorship is increasingly risky due to ethical scrutiny, with the U.K.'s Museums Association urging institutions to avoid ties to fossil fuels or human rights abuses. China's private museums are at risk of downsizing or disappearing due to economic slowdown and lack of public funding.

LACMA spent nearly $724 million on the David Geffen Galleries — here's how it was all used

The Los Angeles County Museum of Art (LACMA) has finalized the construction of the David Geffen Galleries, a $723.8-million project designed by Swiss architect Peter Zumthor. As the museum prepares for its April 16 gala, officials have released a detailed breakdown of the spending, which supported over 8,600 jobs and generated an estimated $1.2 billion in regional economic activity. Despite the massive investment, the project remains a lightning rod for controversy due to its unconventional modernist design and the fact that it offers less gallery space than the four buildings it replaced.

Inside Pauline Karpidas’s Legendary Surrealist Collection Bound for Auction

The legendary Surrealist collection of the late Pauline Karpidas, a renowned art patron and collector, will be auctioned at Sotheby's London in September 2025. The sale spans approximately 250 lots from her eccentric London home, featuring masterworks by René Magritte, Leonora Carrington, Salvador Dalí, Max Ernst, and Les Lalannes. The collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's Europe. Highlights include Magritte's 'La Statue volante' (1940–41), estimated at £9–12 million, and works acquired directly from the estates of Surrealist figures like André Breton and Paul Éluard.

A first glimpse (and listen) inside Lacma’s $720m new building

The Los Angeles County Museum of Art (Lacma) opened its new $720 million David Geffen Galleries building to 2,000 members and guests for previews on June 27, 2025, before its official opening in April 2026. Designed by Swiss architect Peter Zumthor, the elevated concrete structure spans Wilshire Boulevard with 110,000 square feet of gallery space, floor-to-ceiling windows, and a 300-seat theater. Musician Kamasi Washington organized a "sonic preview" with 100 jazz musicians performing his six-part suite *Harmony of Difference* throughout the empty space. The building sits adjacent to the preserved Japanese Pavilion (designed by Bruce Goff, 1988) and features Tony Smith's sculpture *Smoke* (1967) in a courtyard.

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.

The artist Fabien Verschaere, creator of joyful shambles, has passed away at age 50

L’artiste Fabien Verschaere, auteur de joyeux capharnaüms, s’est éteint à l’âge de 50 ans

The French contemporary artist Fabien Verschaere has passed away suddenly at the age of 50. Known for his dense, colorful, and highly personal visual language, Verschaere was scheduled to receive the Chevalier des Arts et des Lettres distinction just days after his death. His work, which drew heavily from childhood imagery and his own experiences with chronic illness, created a bridge between dreams and nightmares through a cast of recurring characters like ghosts, superheroes, and hybrid creatures.

The best exhibitions of 2025, as chosen by curators and museum directors

Curators and museum directors from leading institutions worldwide selected their favorite exhibitions of 2025, highlighting a diverse range of shows. Standouts include Wolfgang Tillmans at Centre Pompidou, Paris, praised for its generous scope and integration of the library space; 'Encounters: Giacometti x Mona Hatoum' at Barbican Art Gallery, London, noted for its dialogue across time; and Ithell Colquhoun's retrospective at Tate St Ives, which repositions the artist from a Surrealist footnote to a major figure. Other acclaimed exhibitions include Noah Davis at Barbican Art Gallery, Linder at Hayward Gallery, Hamad Butt at Whitechapel Gallery, and Caroline Walker at Hepworth Wakefield.

designer analuisa corrigan actor pauline chalamet

Ceramicist and lighting designer Analuisa Corrigan and actor Pauline Chalamet meet at Corrigan's Los Angeles studio for a conversation about their creative practices, hosted by CULTURED and sponsored by Tory Burch. Corrigan discusses her shift from oil painting to working with materials like aluminum, while Chalamet reflects on her path from ballet to acting, including her roles in *The King of Staten Island* and *The Sex Lives of College Girls*.

can the art industry close its gender equity gap

Artnet News and the Association of Women in the Arts (AWITA) recently launched "Hardwiring Change," an inaugural survey investigating structural barriers for women in the art industry. The report, unveiled at Deutsche Bank’s London headquarters, reveals significant gender disparities in pay and leadership, particularly within larger organizations. Key industry figures, including gallerist Sadie Coles and Bonhams UK Managing Director India Phillips, discussed the data, which shows that over 93% of respondents feel family planning has impacted their professional decisions.

Middle East, Ultra-Contemporary Old Masters, and the Meloni Fresco

middle east ultra contemporary old masters fresco

The art world is navigating a significant shift in regional power and aesthetic trends, highlighted by the inaugural Art Basel Qatar. This expansion into the Middle East signals a potential recalibration of global cultural influence, while simultaneously, the 'Ultra-Contemporary' market is pivoting toward 'Old Master' aesthetics and historical estates as a response to mounting economic pressures.

stolen louvre robbery jewels investigation update parking lot

Paris investigators have traced the last known location of $102 million in jewels stolen from the Louvre in October 2025 to an underground parking lot in Aubervilliers, a suburb of Paris. The Anti-Gang Brigade (BRB) used CCTV footage to follow two scooters used in the escape to the garage, where suspects Abdoulaye N., Slimane K., and Rachid H. are believed to have hidden the loot and getaway vehicles. Despite eight arrests, the jewels remain missing, and the vehicles have not been recovered.

what was stolen louvre crown jewels photos

Thieves broke into the Louvre Museum in Paris and stole several pieces of the French Crown Jewels from the Galerie d'Apollon, including a diadem, necklace, earrings, and brooches from the parures of Queen Marie-Amélie, Queen Hortense, Empress Marie-Louise, and Empress Eugénie. Two items—the reliquary brooch and the corsage bow—were dropped and recovered, and a ninth item, Empress Eugénie's crown, was also taken but later recovered. The thieves triggered alarms and fled after a fast, violent break-in, leaving behind a cherry picker; no injuries were reported.

french museums open letter

Four pro-Tibetan groups in France have filed a legal complaint against Paris's Musée Guimet, accusing it of erasing Tibet's cultural identity by renaming its Nepal-Tibet gallery to "Himalayan world" and removing references to "Tibetan art." The groups argue the changes blur Tibet's distinct heritage and align with political pressures from Beijing. The museum denies external influence, stating the new name better reflects the region's cultural interconnections, citing similar usage by institutions like the Metropolitan Museum of Art and the Smithsonian.

LA LECHUZA DE MINERVA

The Círculo de Bellas Artes in Madrid, founded in 1926 by a small group of artists, has launched a centenary exhibition titled "La lechuza de Minerva" (The Owl of Minerva). Curated by Isabella Lenzi, the project revisits the institution's most disruptive exhibition, "El sueño imperativo" (1991), curated by Mar Villaespesa, which invited twelve artists to intervene in both exhibition spaces and transit areas, challenging traditional display logic. The new exhibition features works by artists including Dagoberto Rodríguez, Elo Vega, Rogelio López Cuenca, Isidoro Valcárcel Medina, Itziar Okariz, Los Carpinteros, María Salgado, Pedro G. Romero, Regina Silveira, Silbatriz Pons, and Tino Sehgal, who activate hidden and unexpected corners of the building through visual and sound actions. The project also restores Nancy Spero's 1991 intervention "Minerva, Sky Goddess," which had largely disappeared, through archaeological research led by restorer Rocío Casasus.

architecture tadao ando naoshima new museum of art

The article profiles the renowned Japanese architect Tadao Ando, now 84, who has built 10 museums on the island of Naoshima over 33 years. It features an interview where Ando discusses his upbringing in a traditional wooden row house in Osaka, his early training as a boxer, and how these experiences shaped his architectural philosophy of "light within darkness." The piece includes personal reflections from the author on encountering Ando's work and highlights key projects such as the Pulitzer Arts Foundation in St. Louis and the Church of Light in Osaka.

How to Keep a Gallery Open: Lessons From One of London’s Longest-Operating Dealers

London gallerist David Juda of Annely Juda, one of the city's longest-operating dealers, shares his strategies for keeping a gallery open amid a wave of closures. He emphasizes staying small, avoiding expensive art fairs for newcomers, and planning succession—handing responsibilities to co-director Nina Fellmann as he approaches 80. The gallery is moving to a new space on Hanover Square, inaugurating with new paintings by David Hockney.

Lithuanian, Latvian, and Estonian Pavilions Stage Pro-Ukraine Procession During Venice Biennale

On May 6, 2026, the Lithuanian, Latvian, and Estonian pavilions at the Venice Biennale organized a procession in solidarity with Ukraine, walking approximately one and a half miles from the Lithuanian Pavilion in the Fucina del Futuro to the Estonian pavilion. The action honored Ukrainian cultural workers creating under war conditions and those who have died. It is one of several political protests at the contentious 2026 Biennale, including demonstrations by Pussy Riot and FEMEN at the Russian pavilion, a "Solidarity Drone Chorus" opposing Israel's inclusion, and a planned 24-hour strike by the Art Not Genocide Alliance.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Online Auctions Continue to Draw in First-Time Art Buyers as Sales Grow

Online-only sales of fine art at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions reached $423.9 million in 2025, an 8 percent increase from 2024. The number of lots sold remained steady at 29,623, but the average price per work rose 8.6 percent to $14,309. Sales were 270 percent higher than in 2019, before the pandemic accelerated the shift to digital auctions. Christie’s reported that 63 percent of new buyers in 2025 made their first purchase online.

The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

the round up 2025s highs lows and wtfs

In this year-end roundup episode of The Art Angle, co-hosts Kate Brown and Ben Davis, joined by Artnet Pro editor and art critic Andrew Russeth, review the defining trends, themes, and stories of 2025. They cover the art market's slump and subsequent rebound in New York's fall auctions and Art Basel Miami Beach, the political impact of Trump 2.0 on arts funding and museum governance, the question of a 'post-woke' art world, the return of digital art, and the ongoing power of red chip art. The episode also highlights the multi-front crisis facing institutions due to changing public expectations, rising costs, and political shifts, alongside lighter, unusual stories from the art world.

phillips evening sale 2025 stats

Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.

art market minute nov 17

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.

deleuze seminars painting

A newly translated English edition of Gilles Deleuze's 1981 seminars on painting, originally published in French as 'Sur la peinture' in 2023, has been released by the University of Minnesota Press. Translated by Charles J. Stivale, the eight lectures explore what concepts painting can offer to philosophy, rather than the reverse. Deleuze discusses terms like catastrophe, the diagram, and figure, focusing on artists such as Titian, Turner, Cézanne, van Gogh, Klee, Mondrian, Pollock, and Bacon, offering a chaotic yet magnificent counterpoint to his more systematic book 'Francis Bacon: The Logic of Sensation'.