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art market report 2025 growth high end sales

The global art market returned to growth in 2025, reaching $59.6 billion in sales according to the latest Art Basel and UBS Art Market Report. This 4 percent increase ended a two-year decline, driven primarily by a 9 percent surge in public auction sales and a significant revival in high-value transactions for works priced over $10 million. While the United States maintained its dominant 44 percent market share, the recovery was uneven, with the Impressionist and Old Masters sectors seeing major gains while Postwar and Contemporary art continued to cool.

James Murdoch and Art Basel’s Parent Company Are Working on a Big Ideas Festival to Launch in 2028

James and Kathryn Murdoch, through their respective organizations Lupa Systems and Futurific, are partnering with MCH Group, the parent company of Art Basel, to create a new major festival called the Futurific Institute. The event, set to launch in Basel, Switzerland in the summer of 2028, aims to be a cross-disciplinary gathering focused on art, culture, technology, and future-oriented problem-solving, drawing comparisons to world's fairs and events like TED Talks.

la exhibition julia stoschek video art collection

The Julia Stoschek Collection has made its United States debut with a sprawling exhibition titled "What a Wonderful World: An Audiovisual Poem," staged at the historic Variety Arts Theater in Los Angeles. Curated by Udo Kittelmann, the presentation features 45 time-based media works by a high-profile roster of artists including Marina Abramović, Arthur Jafa, and Anne Imhof, alongside early cinema classics. Eschewing traditional "white cube" gallery aesthetics, the show utilizes the dilapidated grandeur of the six-story theater, allowing for overlapping soundtracks and non-linear viewing experiences.

san francisco art institute casa arts center

The historic San Francisco Art Institute campus, which shuttered in 2023 following bankruptcy, is being revitalized as the California Academy of Studio Arts (CASA). Founded by billionaire philanthropist Laurene Powell Jobs, the new center will offer a free, unaccredited, year-long studio program for up to 30 emerging visual artists. The initiative aims to foster an experimental environment inspired by Black Mountain College, providing mentorship, workshops, and public engagement platforms.

charles chemin artistic director watermill center

The Watermill Center has appointed Charles Chemin as its new artistic director, succeeding the organization's late founder, Robert Wilson. Chemin, a long-time collaborator who first worked with Wilson in 1992, was hand-selected for the role by Wilson prior to his death in August 2025. He will lead the interdisciplinary laboratory's artistic vision alongside managing director Elise Herget and curator Noah Khoshbin.

scotch and soda jean michel basquiat collection

Amsterdam-based fashion brand Scotch & Soda has launched a new apparel collection in partnership with the estate of Jean-Michel Basquiat. The line features men’s, women’s, and children’s clothing adorned with the late artist’s signature motifs, including his iconic three-point crown and sketches. A central element of the collaboration is the use of Basquiat’s 1987 painting "Unbreakable," which has been adapted into prints for hoodies, jackets, and denim.

butter fine art fair los angeles frieze 2026

Butter, the Indianapolis-founded art fair known for returning 100 percent of sales proceeds to artists, is making its Los Angeles debut at Hollywood Park in Inglewood. Organized by the cultural development firm GangGang, the fair coincides with Frieze Week and features works by Black visual artists including Micah Johnson, Micaiah Carter, and April Bey. The event includes a robust programming schedule featuring a collaborative installation by Lauren Halsey and a screening commemorating the 50th anniversary of Ernie Barnes’s "The Sugar Shack."

harmony korine hollywood reporter ai

Filmmaker and multimedia artist Harmony Korine, in an interview with The Hollywood Reporter, declared his full commitment to creating with artificial intelligence. He described moving beyond traditional narrative forms to explore "post-narrative, sensory, experimental" entertainment through his Miami-based studio EDGLRD, viewing AI as a new creative tool akin to a paintbrush.

casa batllo contemporary gaudi barcelona

Casa Batlló, a UNESCO World Heritage Site in Barcelona designed by Antoni Gaudí, has opened a new exhibition space called Casa Batlló Contemporary dedicated to contemporary art. The program launched with a show by United Visual Artists (UVA), a London-based collective founded by Matt Clark, running from January 31 to May 17. The space, located on the second floor and restored by architecture studio Mesura, will host two annual exhibitions. This initiative expands on Casa Batlló’s existing "Mapping" series, which commissions artists to project audiovisual works onto Gaudí’s façade.

sothebys second sale saudi arabia results

Sotheby's second auction in Saudi Arabia, titled 'Origins II,' achieved a strong result of $19.6 million, surpassing its presale estimate. The sale of 61 lots was bolstered by a new auction record for a Saudi artist and a significant increase in the value and volume of works by Saudi artists sold compared to the house's inaugural sale in the country last year.

warhol foundation grant program expansion small nonprofits

The Andy Warhol Foundation for the Visual Arts is launching a new grant program to support U.S.-based visual arts nonprofits with budgets under $200,000, offering awards between $20,000 and $30,000. The program will begin accepting applications for its Spring 2026 grant cycle, with a deadline of March 1. This marks a significant expansion of the foundation's previous focus, which had been on organizations with budgets of $300,000 or more.

the gallerist sundance review natalie portman jenna ortega

The Gallerist, a new satire directed by Cathy Yan, premiered at the Sundance Film Festival. The film follows struggling gallerist Polina Polinski (Natalie Portman), who is betting everything on a one-artist debut at Art Basel Miami Beach. After an obnoxious art influencer, Dalton Hardberry (Zach Galifianakis), dies accidentally by impalement on a sculpture titled The Emasculator, Polina and her assistant Kiki (Jenna Ortega) conspire to pass off his corpse as part of the artwork, duping wealthy clients. The ensemble cast also includes Catherine Zeta-Jones as a legendary dealer reminiscent of Marian Goodman, Da'Vine Joy Randolph as the earnest artist Stella Burgess, and Sterling K. Brown as Polina's ex-husband.

a rhythm 0 for the tiktok age

Artist Briony Godivala is performing a year-long piece called *The Inked Link*, in which she has a QR code tattooed on her forearm that redirects to a new link each day based on public votes. Since January 2025, the voting site has been hacked to repeatedly play an anime episode, and participants have submitted links to pornographic, fascist, and racist content, as well as footage of death. Godivala, a graduate of the Glasgow School of Art, previously explored collective responsibility in physical performances where audience members carried her until they dropped her; she now uses social media to continue these experiments in a virtual space.

gelman collection of mexican art surfaces at santander with plans to bring it to spain

Banco Santander has announced it will manage roughly half of the Gelman Collection, one of the most significant collections of 20th-century Mexican art, which disappeared from public view in 2008. The Madrid-based bank now oversees 160 of approximately 300 works amassed by patrons Jacques and Natasha Gelman. The collection will anchor the new Faro Santander cultural center in Spain, set to open in June, through a long-term loan agreement with the Zambrano family, the prominent Mexican business family revealed to own the once-lost collection. The collection's whereabouts had been largely unknown, with only sporadic sightings in foreign institutions, after it was divided by executor Robert R. Littman despite the will's stipulation that it be shown intact in a private museum in Mexico.

roman basilica fano vitruvius

Archaeologists in Fano, Italy, have unearthed the remains of a 2,000-year-old Roman basilica during redevelopment work on Piazza Andrea Costa. The rectangular structure, bordered by eight columns on the long side and four on the shorter sides, matches the precise measurements and layout described by the ancient Roman architect Vitruvius in Book V of his treatise *De Architectura*. This is the first time a physical building has been attributed to Vitruvius, whose writings have long been studied but whose structures had never before been found.

chanel culture fund names winners of its 2026 chanel next prize with each artist bagging e100 k

The Chanel Culture Fund has announced the 10 recipients of its 2026 Chanel Next Prize, each receiving €100,000 ($117,400). The winners, announced on January 19 in London, include visual artist Álvaro Urbano, jazz musician Ambrose Akinmusire, fashion designer Andrea Peña, artist and filmmaker Ayoung Kim, fashion designer and artist Bárbara Sánchez-Kane, sound artist Emeka Ogboh, choreographer Marco da Silva Ferreira, experimental musician Pan Daijing, filmmaker Payal Kapadia, and painter Pol Taburet. The biennial prize, now in its third edition, also includes a two-year mentorship program in collaboration with Chanel’s cultural partners, such as London’s Royal College of Art.

art market minute jan 12

Artnet's Price Database reveals signs of recovery at the top end of the art market in 2025, following three years of contraction. The article highlights gains in high-value sales, exemplified by Gustav Klimt's "Bildnis Elisabeth Lederer" pictured at Sotheby's Marquee Sales Series in New York. It also notes a growing trend of small and emerging galleries working with artists' estates, and reports that roughly half of art-backed loans by non-bank businesses defaulted in 2024.

extraordinary artist visas social media influencers

Immigration lawyers report that social media influencers and OnlyFans models are increasingly qualifying for O-1B visas—the U.S. visa category for individuals with extraordinary ability in the arts—by presenting online metrics such as follower counts, earnings, and brand deals as evidence of distinction. Traditionally, visual artists have needed exhibition histories, recommendation letters, and press clips to apply, but attorneys say the criteria have shifted to accommodate digital fame, with some arguing that the quality of approved applicants has been "watered down."

rediscovered harry bertoia sculpture gm global headquarters

A long-lost 1970 Harry Bertoia hanging sculpture, commissioned for a mall in Flint, Michigan, has been restored and installed in the atrium of General Motors’ new global headquarters in Detroit. The 26-foot-tall work, made of brazed steel rods in Bertoia's signature "sunlit straw" technique, was discovered in 2017 in the basement of a demolished mall, damaged and covered in dust. The city of Southfield purchased it, and after extensive restoration, it now hangs in GM’s Hudson’s Detroit building.

kochi muziris biennale closure christian protests

India's Kochi-Muziris Biennale was forced to close briefly in late December 2024, just weeks after its mid-December opening, following protests by Christian groups over a painting of the Last Supper by artist Tom Vattakuzhy. The work was displayed not in the main biennial exhibition, “For the Time Being,” but in a side exhibition called “EDAM” at the Garden Convention Centre in Kochi. Christian organizations, including the Kerala Latin Catholic Association and the Syro-Malabar Church, condemned the painting as offensive and called for its removal, questioning the use of public funds. Vattakuzhy, who is from a Christian family, said he did not intend to offend and that the work was inspired by a play based on a poem about Mata Hari. The biennial's curators and president defended the work, refusing to remove it on grounds of censorship, and organizers announced the exhibition would reopen on January 2.

sothebys saudi arabia second auction art luxury

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.

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 records 10 rise in global sales for 2025 taking 927 m as private sales surge by 66

Phillips reported global sales of $927 million for 2025, a 10% increase over the previous year. Auction sales accounted for $725 million, while private sales surged 66% to $202 million. The auction house attributed growth to the launch of Priority Bidding, a platform offering reduced buyer's premiums for early bids, which led to a 275% increase in early selling bids. Phillips achieved an 88% sell-through rate by lot, with seven white-glove auctions and over 110 world auction records. Notable sales included a Patek Philippe watch for $17.6 million and Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) for $16 million. The luxury watch division generated $290 million, its highest annual total, and the Dropshop platform attracted many first-time and younger buyers.

frank frazetta fantasy art market

Frank Frazetta's iconic painting *Conan the Berserker* (1967) is being auctioned at Heritage Auctions with an opening bid of $10 million. The work, originally created for the cover of the 1967 paperback *Conan the Conqueror*, has become one of the definitive images of the fantasy hero. This year alone, five Frazetta paintings have sold for over $1 million, including *Man Ape* (1966) which fetched $13.5 million in September. The artist's total sales volume was just $674,640 in 2018, according to the Artnet Price Database.

art basel awards 2025

Art Basel launched its inaugural Art Basel Awards ceremony at the New World Center in Miami Beach during Art Basel Miami Beach week. The awards, first introduced in New York in May, recognized 36 medalists across categories including Icon, Established, Emerging, Patron, Institution, Curator, and Media & Storytelling. Top winners included Cecilia Vicuña (Icon), Nairy Baghramian and Ibrahim Mahama (Established), Mohammad Alfaraj and Saodat Ismailova (Emerging), and Meriem Bennani (BOSS Award). The event was hosted by musician and collector Kasseem "Swizz Beatz" Dean, with performances by cellist Kelsey Lu and recorded narration by actor Emma D'Arcy. Each artist received $50,000, and established artists will debut commissions at Art Basel in Switzerland next year.

red grooms work tennessee state museum seeks help restoring

In 1995, artist Red Grooms created the Tennessee Foxtrot Carousel, a working carousel featuring 36 figures from Tennessee history, installed at the base of Nashville's Broadway. After financial troubles forced its closure in 2003, the Tennessee State Museum acquired and dismantled it in 2004, storing it for years. Though the museum moved to a new $160 million building in 2018, the carousel remained in storage. Now, the museum has issued a request for information seeking partners to restore and operate the carousel, as reported by the New York Times.

miami beach legacy purchase no vacancy 2025

Miami Beach announced Ximena Garrido-Lecca as the winner of its 2025 Legacy Purchase Program, acquiring her copper-rope work "Modulations – Sequence XXIX" for the municipal collection. The piece, shown with Livia Benavides Gallery, was selected by public vote and has been installed at the Miami Beach Convention Center. Separately, the sixth edition of the No Vacancy public-art program placed 12 site-specific installations in hotel lobbies across the city, running from November 13 through December 20, with $35,000 in total prizes.

most expensive lots sold at auction in 2024

Artnet News analyzed the 10 most expensive lots sold at auction in 2024, drawing on the Artnet Price Database. The top lot was René Magritte's *L'Empire de Lumières* (1954), which sold for $121.2 million at Christie's New York in November, setting a new auction record for the artist and becoming the only work to break nine figures this year. Other notable sales included Ed Ruscha's *Standard Station, Ten-Cent Western Being Torn in Half* (1964) at $68.3 million, Claude Monet's *Nymphéas* (1914–17) at $65.5 million, and Jean-Michel Basquiat's *Untitled (ELMAR)* (1982) at $46.4 million. Seven of the top 10 lots sold in New York, with Hong Kong, London, and Vienna also represented.

diana ross performance alex prager art basel miami beach

Diana Ross performed an intimate 20-minute set at a dinner celebrating Alex Prager's immersive installation 'Mirage Factory' during Art Basel Miami Beach. The event, held in a green room evoking Griffith Park, featured Ross singing hits from her Supremes days and solo career. Prager's installation, located in the old Beach Theatre on Lincoln Road, includes a 1:12 scale miniature of Hollywood Boulevard and was created with Capital One and the Cultivist. A performance based on Prager's photograph 'Beverly Palms Hotel' (2025) also took place, with actors embodying characters from the image.

beeple pooping robot dogs at art basel miami beach

At Art Basel Miami Beach, digital artist Beeple (Mike Winkelmann) debuted a new installation titled "Regular Animals" in the fair's Zero10 digital art section. The work features a pen of robot dogs fitted with lifelike heads of Elon Musk, Mark Zuckerberg, Pablo Picasso, Andy Warhol, Jeff Bezos, and Beeple himself. The robots wander, twitch, and periodically tip backward to eject printed images from their backsides, satirizing the algorithmic nature of digital platforms. The installation drew large crowds, with visitors like Courtney Karnez describing it as a "guilty pleasure" and a communal spectacle. By the end of the first VIP day, all editions of the robots had sold for $100,000 each.