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How Third-Party Guarantees Are Quietly (But Significantly) Rewriting the Rules of the Art Auction

The article reports that the New York Spring Marquee auctions in May 2025 generated $1.27 billion, an 8% decline from $1.38 billion in May 2024, followed by a 26% drop in London June auctions to £98 million. In response to this volatile market, auction houses like Christie’s and Sotheby’s are increasingly relying on third-party guarantees (or irrevocable bids), where a buyer agrees in advance to purchase a lot at a set price if no higher bid emerges. Data from Pi-eX Ltd shows that third-party guarantee coverage surged from near zero in 2021 to a record 73% in May 2025, with the Leonard & Louise Riggio collection being 99% backed by such guarantees.

The Forward Frame: East End Arts Holds Last Hurrah Before Gallery Relocation

East End Arts hosted a final exhibition titled "The Forward Frame" at its historic East Main Street gallery in Riverhead before the building undergoes a massive structural renovation. As part of the Riverhead Town Square redevelopment project, the 1840s-era building will be raised seven feet to escape the Peconic River floodplain and reconfigured alongside a new five-story Hilton hotel. During the farewell event, community members were invited to create ephemeral art directly on the gallery walls, marking a transition period where the organization will operate out of temporary spaces at 11 and 48 West Main Street.

‘I'm going to miss the quiet life we had’: Greenlander artist Inuuteq Storch on Trump, travel and his ambitions to build a photography museum

Greenlander artist Inuuteq Storch, who gained international recognition for his takeover of the Danish pavilion at the 2024 Venice Biennale, discusses the impact of Donald Trump's renewed claims about taking over Greenland. Storch, whose work focuses on everyday life in Greenland, expresses concern that the political rhetoric could disrupt the quiet, preserved way of life in his community. He is currently showing a new iteration of his Venice exhibition at the Hasselblad Center in Gothenburg, Sweden, and has a major show at MoMA PS1. Storch's practice includes archiving historical images, such as those by Greenland's first photographer John Møller, and using his art to address colonial legacies and resistance.

UK Heritage Department feared ‘mass restitutions’ when Stone of Scone was returned to Scotland

Newly released UK government files reveal that in 1996, the Department of National Heritage strongly opposed Prime Minister John Major's decision to return the 13th-century Stone of Scone to Scotland. The department's cultural property unit head, Lynn Gates, warned that the return would set a 'precedent to mass restitution,' triggering claims from Greece for the Parthenon Marbles, Egypt for the Rosetta Stone and Sphinx's Beard fragment, and Nigeria for the Benin Bronzes, with fears of further demands from Ethiopia, India, Pakistan, and other nations. The internal memo criticized Major for failing to consult the department before agreeing to the transfer from Westminster Abbey.

'60 Years Of The Grateful Dead' Unveils Band’s Most Comprehensive Art Exhibition Yet [Photos]

The Chambers Project Gallery in Grass Valley, CA, has opened '60 Years of the Grateful Dead,' billed as the most comprehensive exhibition of original Grateful Dead artwork ever assembled. Curated by Brian Chambers, the show features historic posters, album covers, sketches, and rare artifacts from key artists like Rick Griffin, Stanley Mouse, Alton Kelley, Victor Moscoso, and Wes Wilson, alongside collaborators such as Bill Walker and Owsley 'Bear' Stanley. Highlights include Bill Walker's original Anthem of the Sun mandala, stored for years in his sister's garage, and Edmund J. Sullivan's 1900 'Skeleton Amid Roses' illustration, reinterpreted for the band's iconic 1971 album cover. The opening weekend also featured a concert by the supergroup White Lightning at the Bodhi-Hive.

Artists in Action: Supporting Salem-area artists for a quarter-century

Artists in Action (AiA), a nonprofit organization supporting Salem-area artists, is celebrating its 25th anniversary with a public reception on May 3, 2026, at Elsinore Framing & Fine Art Gallery in Salem, Oregon. Founded by Diane Trevett and about five other artists, the group began as a small support network for struggling artists and has grown into an established arts organization with around 65 active members. AiA hosts monthly openings, critique sessions, open-call shows, and special events like Paint and Write the Town, providing opportunities for artists to exhibit and sell their work across various mediums.

donald trump drawing auction

A drawing of the Manhattan skyline by President Donald Trump sold at auction for $29,184 on Thursday night. The work was created by Trump for a charity auction promoting worldwide literacy in 2005 and was consigned by the winner of that original event. The sketch, drawn on a large envelope, is one of only three known variants. The auction, held by Los Angeles-based Nate D. Sanders, attracted 11 bids starting at $9,000, with interest from both Trump followers and presidential memorabilia collectors.

Sandro Miller’s Golden Tribute

Photographer Sandro Miller's exhibition "Steppenwolf 50: Through the Eye of Sandro Miller" is on view at the Art Center Highland Park through June 13. The show features a series of portraits and composites created in 2012 that celebrate 50 years of Steppenwolf Theatre Company. Works include large-scale composites like "Orgasmic Theatre" with 25 actors, a tribute to the late John Mahoney, and a collaboration with the late artist Tony Fitzpatrick. The exhibition also presents a grid of 45 black-and-white photographs capturing raw emotional moments from rehearsals and performances, along with diptychs and individual framed portraits of Steppenwolf actors.

Arboretum poppies, a tribute to late Wyndmoor artist

The Morris Arboretum & Gardens in Philadelphia recently displayed supersized red poppies at its entrance, reproductions of the colossal sculptures "Papaver Rubrum Giganteum" created by the late artist Gary G. Miller. Originally installed at the arboretum in May 2008, the installation featured 300 handmade aluminum poppies with 20-inch flower heads on 10-foot stems. Miller, a sculpture and photography teacher at Germantown Friends School and a facilitator at Woodmere Art Museum, was killed by a drunk driver in 2013. To commemorate his work, the Chestnut Hill Community Association organized an exhibition titled "Papaver Rubrum Giganteum Redux," featuring photographs of the poppies in a pop-up space from September 27 to October 4.

Liverpool Biennial 2025 digs deep into its city’s foundations with ‘Bedrock’ theme

The 13th edition of the Liverpool Biennial, titled 'Bedrock,' will run from June 7 to September 14, 2025, across 18 venues in the UK's largest city-wide contemporary art festival. Curated by Marie-Anne McQuay, the exhibition brings together 30 international artists and collectives with 22 new commissions, placing works in galleries, libraries, cathedrals, shopfronts, and public squares. The theme explores Liverpool's literal sandstone foundations as a metaphor for its layered histories—colonial empire, industry, civic resilience, and community life. Notable works include Amber Akaunu's film 'Dear Othermother' at Bluecoat, Linda Lamignan's triptych at FACT Liverpool, and Dawit L. Petros's installation at Liverpool Central Library.

Exhibition Showcases Artistic Career of Fr. Garabed Kochakian

The St. John Armenian Church in Metro Detroit is hosting a comprehensive retrospective of the artistic career of Fr. Garabed Kochakian. The exhibition, which spans his decades-long journey as both a priest and an artist, features his work in sacred art, iconography, and architectural design, including his contributions to the bronze doors of St. Vartan Cathedral in Manhattan. Originally scheduled for a shorter run, the show's popularity has led to an extension through April 24 to coincide with Martyrs’ Day commemorations.

Out & About: Exhibition opening at York Street Gallery

Timaru artist Kerry Irvine opened a new exhibition at the York Street Gallery on Friday, October 3, 2025. The Timaru Herald chief photographer John Bisset attended the opening and captured images of attendees, including gallery owner Debbie Templeton-Page and her husband Tony Page, as well as local figures such as Tracey Hutchison, Jill Hinde, Sandra Kelly, and Joan Tonks.