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art market minute jan 26 2740131

The article reports on a growing trend in the art world called a 'strategic pause,' where galleries and art fairs are temporarily suspending operations to reassess their futures. Vienna's Spark Art Fair announced a hiatus, Berlin dealer Mehdi Choukri is pausing exhibitions at his 30-year-old gallery, and the Art Dealers Association of America's Art Show skipped a year to 'reimagine' its direction. Additionally, the Metropolitan Opera in New York is considering selling its iconic Marc Chagall murals, and a fresh-to-market Magritte painting is heading to Christie's London.

okeeffe seurat phillips collection deaccession 2715082

The Phillips Collection in Washington, D.C. has deaccessioned eight major works by artists including Georges Seurat, Georgia O'Keeffe, and Anish Kapoor at Sotheby's fall sales. O'Keeffe's "Large Dark Red Leaves on White" (1927) sold for $7.9 million, a Seurat drawing fetched $4.9 million, while a painting by Arthur Dove fell short of expectations and a Kapoor sculpture failed to sell. The plan, devised by director Jonathan Binstock, aims to fund future contemporary art commissions and collection care, but has sparked an 18-month dispute between museum leadership and the Phillips family descendants over the interpretation of founder Duncan Phillips's legacy.

louvre ticket price hike 2721236

The Louvre will raise ticket prices by 45 percent for non-E.U. visitors starting January 14, 2026, with tickets increasing to €32 ($37) for travelers from the U.S., U.K., and China, while E.U. visitors continue to pay €22. The price hike, announced on November 27, is expected to generate €15–20 million annually to fund modernization plans, following intense criticism over aging infrastructure and a $102 million jewel heist in October. The museum also faces structural issues, including the temporary closure of parts of its Sully wing due to fragile support beams, and has implemented an €80 million security master plan.

jack hanley gallery scene 2713040

Jack Hanley, a beloved and idiosyncratic New York gallerist, announced he would close his gallery after 37 years in business. In a conversation with Artnet News co-host Kate Brown, Hanley reflects on his career as a disruptor who followed instinct over market logic, giving early shows to now-iconic artists like Günther Förg, Christopher Wool, Sophie Calle, and Christian Marclay, and even hosting Beeple's first gallery show. Hanley, a former Grateful Dead roadie and avid orchid grower, also founded an art fair and ran galleries in multiple cities.

'The museum is not a space for the elite': Portuguese building firm’s new museum puts workers first

A new museum called Muzeu—Thought and Contemporary Art DST has opened in Braga, northern Portugal, housed in a former courthouse and built by the DST Group, a Portuguese industrial conglomerate. The inaugural exhibition, titled "Let Us Be Realistic, Let Us Demand the Impossible," features over 100 works by 96 artists including Alex Katz, Francesco Clemente, Franz West, and Nan Goldin. The museum prioritizes workers, opening first exclusively for company employees on 24 April, then to the public on Freedom Day (25 April), with free admission for the first week and closure on International Workers' Day (1 May).

How Wayne McGregor’s epic ballets draw on help from his artistic friends

Choreographer Wayne McGregor’s upcoming production at the Royal Opera House, 'Alchemies', highlights his career-long commitment to cross-disciplinary collaboration with visual artists and designers. The program features a world premiere with costumes by fashion designer Saul Nash, alongside revivals of 'Yugen' and 'Untitled, 2023'. These works incorporate significant contributions from the art world, including set designs by ceramicist Edmund de Waal and previous collaborations with figures like Tacita Dean and Olafur Eliasson.

Stealing the show: Mona Lisa heist inspires Andrew Lloyd Webber musical

Renowned composer Andrew Lloyd Webber has announced he is developing a new musical based on the 1911 theft of Leonardo da Vinci’s Mona Lisa. The production will dramatize the true story of Vincenzo Peruggia, a Louvre employee who stole the masterpiece and kept it hidden for over two years before attempting to sell it to an antiques dealer in Florence. Lloyd Webber, the creative force behind global hits like Cats and Phantom of the Opera, is currently in the writing phase of the project.

Metropolitan Opera and MoMA Together Put Kahlo at Center Stage

The Metropolitan Opera and the Museum of Modern Art (MoMA) have launched a rare cross-disciplinary collaboration centered on the life and work of Frida Kahlo. The project features a new operatic production at the Met, complemented by a specialized exhibition at MoMA conceived by the opera's set designer to provide visual and historical context.

Getty Center in Los Angeles Is Closing for Year of Renovations

The Getty Center in Los Angeles has announced it will close to the public for a full year starting in March 2027. This significant hiatus is required to facilitate a major infrastructure overhaul, primarily focusing on the replacement of its aging computer-operated tram system and the modernization of several gallery spaces within the Richard Meier-designed campus.

Why Felix Gonzalez-Torres’s Go-Go Dancer Piece Remains Subversive

The New York Times examines the enduring power of Felix Gonzalez-Torres's 1991 performance piece "Untitled" (Go-Go Dancing Platform), in which a go-go dancer performs on a pedestal for a brief, scheduled period each day. The work, currently on view at the Art Institute of Chicago, uses the dancer's absence as a central component, creating a poignant metaphor for queer presence and loss.

How Much Is That Chagall in the Window: Metropolitan Opera Faces Funding Crisis After Saudi Deal Collapse

The Metropolitan Opera in New York faces a $30 million deficit after a $200 million funding deal with Saudi Arabia collapsed. The Saudi government withdrew from the agreement, which would have sent Met performers to the Royal Diriyah Opera House for three weeks each February, citing economic pressures from the Iran War and the blockage of the Strait of Hormuz. To address the shortfall, the Met is considering selling two monumental Marc Chagall paintings—The Sources of Music and The Triumph of Music (1966)—valued at $55 million, along with other options like selling naming rights or seeking a similar deal with another country.

Getty Center to Close in Los Angeles as Major Renovation Looms

The Getty Center in Los Angeles will close for a full year starting March 15, 2027, to undergo its first major renovation since opening in 1997. The "modernization initiatives" include updates to the galleries, a redesign of the Welcome Hall with a new café, and the replacement of the iconic tram system to increase passenger capacity. During the closure, the Getty Villa in Malibu will remain open and display highlights from the Center’s permanent collection, while additional programming will be held at a temporary space on Sepulveda Boulevard.

Marian Goodman Gallery to ‘Pause’ Operations in Los Angeles

Marian Goodman Gallery is suspending operations at its Los Angeles location after two and a half years, following the conclusion of Tacita Dean's solo show on April 25. The gallery's partners announced a consolidation of programming to its historic homes in New York and Paris, stating they will evaluate the space's future while maintaining an LA presence through art fairs, special projects, and museum exhibitions.

London’s Timothy Taylor to Close New York Outpost After a Decade

London gallery Timothy Taylor will close its New York outpost next month after nearly a decade of operation. The gallery cited current market conditions and the high costs of maintaining a second permanent space as reasons for the consolidation, though it will maintain an office and viewing room in the city.

m f husain museum qatar opening november 2025 1234754969

A new museum dedicated to M. F. Husain, one of India's most important modernist artists, will open in Doha, Qatar, on November 28, 2025. Officially named Lawh Wa Qalam: M. F. Husain Museum, it is operated under the Qatar Foundation and will be the first museum devoted solely to Husain. The 32,300-square-foot institution, designed based on a 2008 sketch by the artist, will house a newly formed permanent collection spanning paintings, tapestries, photographs, films, installations, and poetry. Highlights include a series of paintings on Arab civilization commissioned by Sheikha Moza bint Nasser and Husain's final work, *Seeroo fi al ardh* (2009), which will have its own gallery. The museum is located in Doha's Education City, home to several US university outposts.

London galleries Edel Assanti and Emalin both announce expansions

London-based contemporary galleries Edel Assanti and Emalin have both announced significant expansions within the UK capital. Edel Assanti is opening a second, more intimate location in St. James’s to complement its larger Fitzrovia flagship, launching with a focused exhibition of works by Lonnie Holley. Simultaneously, Emalin is moving its primary operations from Shoreditch to a sprawling 5,000-square-foot space in Clerkenwell previously occupied by Modern Art, while maintaining its historic Shoreditch outpost.

louvre museum raises ticket prices for non european foreigners 1234764243

The Louvre Museum board has voted to raise ticket prices by 45% for visitors outside the European Economic Area, effective January 14. The price will increase from €22 ($25) to €32 ($37), affecting tourists from the United States, Britain, and Russia. The move is part of a broader effort to fund infrastructure upgrades and security improvements following a high-profile heist in October in which thieves stole nine pieces of jewelry worth an estimated $102 million from the Apollo Gallery. The museum's director, Laurence des Cars, acknowledged that the institution has "very inadequate" and "outdated" security systems, and a full overhaul is not expected until 2032.

london stephen friedman gallery abruptly closes insolvency 1234772248

Stephen Friedman Gallery, a fixture of London’s Mayfair district since 1995, has abruptly entered administration and closed its doors to the public. The gallery confirmed the insolvency process following its last-minute withdrawal from the inaugural Art Basel Qatar. Approximately 25 employees are expected to be laid off, and represented artists have been advised to retrieve their works immediately as the firm undergoes a financial review by FRP Advisory.

uruguays only art fair wagers that it can create a new regional market force 1234767795

Uruguay's only art fair, Este Arte, is preparing for its 12th edition from January 4-7 at the Vik Pavilion in José Ignacio. Founded by curator Laura Bardier, the fair features just 14 galleries, including returnees like Galería del Paseo and Xippas Galleries, and newcomers such as Almeida & Dale and Galerie Jocelyn Wolff. Despite its small scale, with works priced from $500 to $400,000 (most under $20,000), the fair has intentionally reduced its exhibitor list since its inaugural edition, focusing on quality over quantity.

m f husain museum qatar opening november 2025 1234754969

A new museum dedicated to M. F. Husain, one of India's most important modernist artists, will open in Doha, Qatar, on November 28, 2025. Officially named Lawh Wa Qalam: M. F. Husain Museum, it is operated under the Qatar Foundation and will be the first museum devoted solely to Husain. The 32,300-square-foot institution, located in Doha's Education City, draws from a newly formed permanent collection spanning paintings, tapestries, photographs, films, installations, and poetry. Highlights include a series on Arab civilization commissioned by Sheikha Moza bint Nasser and Husain's final work, Seeroo fi al ardh (2009), housed in its own gallery. The building's design is based on a 2008 sketch by the artist.

why bailly gallery is betting big on paris 2739558

Bailly Gallery, a Geneva-based gallery founded in 2007 by Charly and Hanna Bailly with family roots in the art business since 1977, is expanding its presence in Paris by opening a full public gallery space after operating a private showroom there for several years. The new location, which took five years to find, includes both a public exhibition area and two private showrooms designed like apartments, allowing collectors to view works in a domestic setting. The gallery is known for its expertise in Impressionist, Modern, and Postwar art and design.

photo archive historic new york gallery shows 2478822

The New York Gallery History Project has launched its first installment: an online archive of Jay Gorney Modern Art, which operated from 1985 to 1998. The archive documents over 90 exhibitions held at the gallery, featuring artists such as Catherine Opie, Jessica Stockholder, Gillian Wearing, Haim Steinbach, and Martha Rosler. The material includes installation views, artwork images, and original invitations, all digitized from analog transparencies and slides. The project is an initiative of the Independent art fair and the Contemporary Art Library, a Los Angeles nonprofit.

art basel miami beach bridget finn interview 2579315

Bridget Finn, who became director of Art Basel Miami Beach in July 2023, has organized the fair's 22nd edition from start to finish for the first time. In an interview days before the VIP opening at the Miami Beach Convention Center, she discussed welcoming 286 galleries, the importance of hospitality, and the fair's role in Miami's art scene. She highlighted 34 new galleries joining this year, notable installations including works by Augusto Machado and Roberto Huarcaya, and the fair's efforts to attract a diverse public beyond traditional collectors.

Brazilian women bring Latin American art to the New York collector circuit.

Two Brazilian women, Fernanda Mazzuco and Luciana Solano, run Art in Brackets, a consultancy and art advisory firm based in New York. For the first time, they have opened a public exhibition space on Walker Street in Tribeca, featuring a collective show centered on the African diaspora and transatlantic connections. The exhibition includes works by artists such as Santídio Pereira and Madalena dos Santos Reinbolt, with prices ranging from $3,800 to $140,000. The company, founded in 2022, connects collectors with Brazilian and Latin American artists, operating as 'wall curators' in partnership with various galleries.

Beyoncé, Nicole Kidman and Venus Williams will co-chair 2026 Met Gala

The Metropolitan Museum of Art's Costume Institute has announced the co-chairs for the 2026 Met Gala, scheduled for May 4, 2026. Pop superstar Beyoncé, actor Nicole Kidman, tennis legend Venus Williams, and Vogue editor-in-chief Anna Wintour will serve as co-chairs of the annual benefit. The host committee includes fashion designer Anthony Vaccarello, actor Zoë Kravitz, and a roster of celebrities and artists such as Sabrina Carpenter, Doja Cat, and artist Anna Weyant. The gala will support the Costume Institute's exhibition "Costume Art" (May 10, 2026–January 10, 2027), which will inaugurate the new Condé M. Nast Galleries. The exhibition pairs 200 artworks from the Met's collection with 200 garments, exploring the relationship between the dressed body and Western art. Lauren Sánchez Bezos and Jeff Bezos are sponsoring the event.

Why Hong Kong is one of the greatest places in the world to buy art

Hong Kong has overtaken London to become the world's second-largest contemporary art auction market, according to ArtTactic. The city's commercial art scene is bolstered by outposts of top international galleries like Hauser & Wirth, Gagosian, Pace, and David Zwirner, as well as a successful annual Art Basel fair. Major auction houses including Sotheby's, Phillips, and Bonhams operate significant spaces there, with Sotheby's selling a Claude Monet for $65.5 million in Hong Kong in 2024. The city's art calendar peaks during March's Art Month, which hosts both Art Basel Hong Kong and Art Central.

Record $236.3m Klimt leads Sotheby’s first night of auctions in Breuer Building

Sotheby's first evening auctions in its new Manhattan headquarters, the former Whitney Museum building designed by Marcel Breuer, achieved a record total of $605.1 million ($706 million with fees) on November 18. The night was headlined by the sale of 24 works from the collection of the late billionaire Leonard Lauder, which alone brought in $456.2 million. The standout lot was Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer, 1914-16)', which sold for $205 million ($236.3 million with fees) after a nearly 20-minute bidding war, becoming the second-most-expensive painting ever sold at auction. A subsequent contemporary art auction added $148.8 million ($178.5 million with fees) across 44 lots.

As censorship rises, is there a future for truly political, truth-telling art?

The article examines the growing threat of censorship in the visual arts, focusing on two key incidents. In the US, the Trump administration pressured the Smithsonian Institution to review its holdings for content that contradicts "American exceptionalism," leading artist Amy Sherald to withdraw her entire solo exhibition from the National Portrait Gallery after the museum considered removing her painting *Trans Forming Liberty* (2024), which depicts a transgender person as the Statue of Liberty. Meanwhile, in France, Dutch street artist Judith de Leeuw unveiled a monumental mural in Roubaix showing the Statue of Liberty covering its eyes in shame, protesting global migrant injustice, which went viral online.

5 Must-See Comic Art Shows Lighting Up New York

New York Comic Con returns to the Javits Center from October 9–12, 2025, bringing a pop culture celebration of comics, toys, video games, and cosplay. This year's edition features a special panel by the Lucas Museum of Narrative Art, moderated by Martin Scorsese with artists JR, Boris Vallejo, and Julie Bell. Meanwhile, the late fantasy artist Frank Frazetta set a new record for comic art with a $13.5 million sale at Heritage Auctions. Beyond the convention, several exhibitions across the city highlight comic art, including "¡Wepa! Puerto Ricans in the World of Comics" at the New York Public Library and "Super Duper" at the Metropolitan Opera House, which features works by Art Spiegelman, George Condo, and Dana Schutz.

London's Southbank Centre to receive £10m government funding boost

The UK government has announced a £10 million funding boost for London’s Southbank Centre as part of a broader £128 million investment package for 130 cultural venues nationwide. Administered by Arts Council England, the grant is earmarked for urgent infrastructure repairs, including fixing leaking roofs and modernizing rigging systems, coinciding with the center's 75th anniversary. Other major beneficiaries of the Creative Foundations Fund include the Baltic Centre for Contemporary Art and Firstsite gallery.