Art dealer David Schrader is launching a new secondary-market gallery in New York with partners Marc Glimcher and Emmanuel Di Donna. He argues the current market stabilization and renewed optimism, especially in the secondary sector, provide a favorable backdrop for their streamlined, focused venture that aims to avoid the overhead of historic gallery models.
Art Basel Hong Kong 2026 showcased a vibrant array of talent, with standout presentations across its curated sectors like Discoveries and Insights. Highlights included Vin Gallery's ceramic skeleton shadow puppets by Ako Goto, Lucie Chang Fine Arts' case for the late painter Zhu Xinjian, and gdm's pairing of Kongkee's lightbox sculptures with abstract works by Thai modernist Tang Chang. The fair also featured a monumental, self-sabotaged neon sign by Kongkee reading "Price / Value."
A newly authenticated painting by Amedeo Modigliani, "Jeune femme brune" (1917–18), is being offered for sale by Pace gallery at Art Basel Hong Kong with a price tag of €11.5 million ($13.3 million). The work, the highest-priced piece at the fair, was only recently included in art historian Marc Restellini's forthcoming Modigliani catalogue raisonné after decades of authentication disputes and legal battles.
Christie’s has secured the estate of Belgian collectors Roger and Josette Vanthournout, with over 200 works to be sold in its March sales in London, including a René Magritte painting estimated at $4.7 million. Meanwhile, South Africa blames Qatar for the cancellation of its Venice Biennale pavilion featuring a work about Gaza violence by Gabrielle Goliath, claiming Qatar sought to use the pavilion for "proxy power." Art Cologne has announced 88 exhibitors for its revived Palma, Mallorca edition launching April 9.
Artnet News columnist reflects on the fragile state of the art market as 2025 ends, noting that global instability and troubling news have dampened buyer psychology. Despite this, major auction houses reported strong annual sales—Sotheby's at $7 billion (up 17%) and Christie's at $6.2 billion (up 6%)—and a series of high-profile sales, including the Pauline Karpidas collection auction and Leonard Lauder's Gustav Klimt portrait fetching $236.4 million, have sparked renewed momentum. The article quotes advisors and dealers who sense a market bottom has passed, with buyers returning to auctions and fairs like Art Basel Miami Beach.
Rabindranath Tagore's 1937 painting *From Across the Dark* sold for 107 million rupees ($1.2 million) at AstaGuru's "Historic Masterpieces" online auction, setting a new auction record for the artist. The work, executed in ink, poster color, and crayon, far exceeded its presale low estimate of 20 million rupees. Tagore's previous record was set at Sotheby's London in October 2023 for *Untitled (Three Bauls)*.
Sperone Westwater, a 50-year-old New York gallery, closed on January 1, 2026, amid a legal dispute between its co-founders Gian Enzo Sperone and Angela Westwater. Court filings reveal Sperone accuses Westwater of mismanagement, including using the gallery's Norman Foster-designed building on the Bowery to subsidize unprofitable operations, while Westwater counters that Sperone has been largely absent since 2016 and is attempting to extract maximum financial benefit. The corporation's two directors are deadlocked, and a receiver may be appointed to oversee dissolution, including sale of the building and distribution of assets.
Artnet News has launched a new four-part podcast mini-series titled "How to Get Ahead in the Art World," produced in partnership with Art Market Mentors. Hosted by editor-in-chief Naomi Rea and produced by Sonia Manalili, the series features insights from top art-world insiders including Cat Manson (former Christie's leader turned career coach), Loïc Gouzer (former Christie's rainmaker and founder of Fair Warning), and Brooke Lampley (senior roles at Sotheby's and Gagosian). Each episode covers a key career lesson: taking ownership of your career, trusting your instincts, leading with passion, and embracing a layoff as a reset.
Jean-Michel Basquiat's 1983 painting *Onion Gum*, priced at $21.5 million, was one of the most expensive works for sale at the 23rd edition of Art Basel Miami Beach. The large square canvas, featuring a white head and handwritten text, has a long market history: it sold for $7.36 million at Sotheby's in 2012 to hedge fund manager Daniel Sundheim, then failed to meet its estimate at auction in 2016, fetching $6.6 million. Since 2017, Van de Weghe Gallery has used the work as collateral for bank loans, showing it at multiple Art Basel fairs with prices rising from $16.5 million in 2018 to the current $21.5 million.
A 1976 Hippopotamus Bar by François-Xavier Lalanne sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting a new auction record for the French artist. The hand-wrought copper, steel, and wood piece, commissioned by art patron Anne Schlumberger, is the only copper prototype from the series and features concealed compartments for bottle storage, ice bucket, and glassware. The sale was part of the Schlumberger collection, which also included a gold-patinated bronze armchair by Claude Lalanne that fetched $1 million and a pair of bronze gates that sold for $787,400.
Mega-gallery Hauser & Wirth is acquiring the historic Palazzo Forcella De Sata in Palermo, Sicily, as confirmed by president and cofounder Iwan Wirth. The property, a 19th-century eclectic architectural landmark that hosted Manifesta 12 in 2018, was purchased in mid-November, though Sicilian authorities and Italy’s Ministry of Culture have a two-month window to preempt the sale due to historical monument restrictions. The gallery plans to use the main floor as exhibition space, with renovations potentially completed by 2030.
A 1977 Andy Warhol portrait of Muhammad Ali, priced at $18 million, will be the centerpiece of Lévy Gorvy Dayan's booth at Art Basel Miami Beach. The 40-inch acrylic and silkscreen canvas, featuring a royal purple background, was previously purchased for $18.1 million at Christie's in 2021. The work is part of a series of 10 Warhol portraits of sports stars commissioned by collector Richard L. Weisman, and is autographed on the back by Ali.
The childhood home of legendary singer and activist Nina Simone in Tryon, North Carolina, has been fully restored after nine years of effort by an artist coalition led by Adam Pendleton, alongside Julie Mehretu, Rashid Johnson, and Ellen Gallagher. The restoration, completed with a $6 million boost from a charity auction and gala co-hosted by tennis star Venus Williams and Pace Gallery, preserved the 650-square-foot clapboard house to its 1933–1937 condition, including historically accurate materials, an ADA ramp, geothermal climate control, and a century-old magnolia tree named “Sweetie Mae.” The African American Cultural Heritage Action Fund announced the completion, and the property remains closed to the public while community programming and ethical cultural tourism are being planned.
Artist Friedrich Kunath, known for his sincere yet absurd paintings, discusses his unlikely friendship with tennis star Reilly Opelka, who is also an art collector. The two share a mutual obsession with each other's crafts—Kunath coaches Opelka in tennis, while Opelka seeks Kunath's insights on artists like Philip Guston. Kunath is preparing for his solo debut at Pace Gallery in New York this November, following his move from Blum Gallery, which closed shortly after. He reflects on the loneliness of both tennis and art, and his creative process, which draws heavily from music and film.
Matthew Day Jackson, a multidisciplinary artist represented by Pace Gallery, has created 10 original artworks for a 23-piece luxury skiwear collection from Aztech Mountain, a ski brand based in Aspen, Colorado. Titled "Planet Aspen," the line includes ski jackets, pants, and innerwear adorned with Jackson's designs, with prices ranging from $101 to $1,850. Jackson, described as a passionate skier and adventurer, collaborated with Aztech Mountain on its first artist partnership, drawing inspiration from the quiet absurdity and fleeting joy of skiing.
British painter William Monk is presenting a new series of paintings at Pace Gallery's solo booth at Frieze London 2025. The works, created during a residency at the Neuendorf House in Mallorca, feature obsessive cactus forms and a sentinel figure evolving from his earlier Ferryman series. Monk's studio visit reveals his meticulous process of controlling every detail, with paintings that recall Seurat and Bonnard in their dense, rhythmic brushwork.
Hauser & Wirth's UK subsidiary reported an 87% decline in pretax profit for 2024, falling to $1.6 million from $12.5 million the previous year, as revenue dropped by more than half to $91.4 million. The gallery attributed the downturn to a sharp fall in secondary-market sales, which can fluctuate significantly based on a few high-value transactions. The UK entity represents only a small portion of the gallery's global business, which the founders said remained aligned with the prior year's successful performance. Separately, the gallery's hospitality arm, Artfarm Group, posted a wider pretax loss of $24 million despite a 16% rise in turnover.
White Cube has appointed Jessie Washburne-Harris as a global director, based in New York, effective October 2025. She joins from Pace Gallery, where she was senior vice president, and has previously worked at Marian Goodman, Gagosian, Petzel, and Sotheby’s, as well as cofounding Harris Lieberman gallery. The appointment coincides with the second anniversary of White Cube’s permanent New York space, which opened in 2023 in a former bank on the Upper East Side and has hosted exhibitions by Tracey Emin, Theaster Gates, Antony Gormley, and Ilana Savdie.
Frieze London and Frieze Masters have announced highlights for their 2025 editions, running concurrently October 15–19 in Regent’s Park. Frieze London will feature ceramics and textiles, including a presentation titled “Three Generations of Female California Ceramics” at The Pit, stoneware sculptures by Sanya Kantarovsky at Modern Art, and textile works by Antonio Pichillá Quiacaín at Portas Vilaseca. Major galleries like Gagosian, Pace, Lehmann Maupin, White Cube, and Lisson will present new works by artists such as Lauren Halsey, William Monk, Do Ho Suh, and Marguerite Humeau. The fair’s curated section “Echoes in the Present” by Jareh Das includes artists like Diambe and Tadáskía, while the Focus section emphasizes installation-based works. Frieze Masters highlights include a booth of 19th- and 20th-century paintings curated by Nicolas Party at Hauser & Wirth, a solo of Peter Hujar’s drag portraits at Pace, and a new Reflections section organized by Abby Bangser focusing on decorative art.
Hauser & Wirth and Société are collaborating on a large-scale group exhibition titled "States of Being" during Berlin Art Week 2025. The show, running from September 11 to November 1, will feature over 30 artists across two floors of Hauser & Wirth's Berlin space, including Alina Szapocznikow, Rashid Johnson, Lee Lozano, Louise Bourgeois, Lu Yang, Mika Rottenberg, Tina Braegger, Darren Bader, Phyllida Barlow, and Petra Cortright. The initiative stems from a friendship between Hauser & Wirth president Marc Payot and Société CEO Daniel Wichelhaus, and marks Hauser & Wirth's first project in Berlin, though the gallery has no plans to open a permanent outpost there.
Cuban-born, Miami-based artist Alejandro Piñeiro Bello arrived at the Neuendorf Residency in Mallorca with plans to use art supplies shipped from mainland Spain, but they never arrived. Undeterred, he worked with only watercolors and paper he had packed, drawing inspiration from the surrounding cliffs, sea, and plant life. The residency, housed in a minimalist building designed by John Pawson and Claudio Silvestrin and commissioned by Artnet founder Hans Neuendorf, offered him solitude to create memory-based paintings of swimmers and landscapes.
Loie Hollowell discusses her latest painting series 'Overview Effect,' currently on view at Pace Gallery in London. The series features large-scale canvases with twin concave and convex sculpted circles, inspired by the out-of-body experience she had during the home birth of her daughter. The works continue her abstract exploration of pregnancy, birth, and the female body, following earlier series like 'Split Orb' and 'Dilation Stage' that responded to the difficult birth of her son. Hollowell cites influences including Georgia O'Keeffe, Louise Bourgeois, and Luchita Hurtado, as well as Instagram home-birth photographs and the Ina May Gaskin childbirth book.
L’Space Gallery in New York is presenting “Shape of Dreams: Sculptures by Leonora Carrington,” a rare exhibition focused on the British Mexican Surrealist’s bronze sculptures and jewelry, on view through June 27, 2026. Produced with Consigna Gallery of Mexico City and the Leonora Carrington Council, the show includes works such as *The Palmist* and *La Inventora del Atole*, alongside a selection by her son Pablo Weisz Carrington. An interactive Tarot Reading Booth, featuring a deck designed by Carrington and an A.I. reconstruction of her voice, anchors the exhibition.
TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.
The National Public Housing Museum in Chicago opened its doors on April 4, 2025, becoming the only museum in the United States dedicated to the histories of public housing and its residents. Located on the site of the historic Jane Addams Homes, the museum was remodeled by architect Peter Landon and features permanent installations, artist residencies, and temporary exhibitions. Current initiatives include Open Mike Eagle's residency as 'Artist as Instigator,' building on his album 'Brick Body Kids Still Daydream' (2017) about life in Robert Taylor Homes, and the art-glass frieze 'Resilient Hues' by Amanda Williams and Olalekan Jeyifous. The museum is led by executive director Lisa Yun Lee and has earned third place on USA Today's list of 'Best New Museums.'
Frieze New York closed its 15th edition at The Shed with strong sales, major museum acquisitions, and 25,000 visitors from 75 countries. The fair featured 68 galleries from 26 countries and launched the inaugural Sherman Family Foundation Acquisition Fund, enabling the Brooklyn Museum and Baltimore Museum of Art to acquire works by Bettina from Ulrik, Reika Takebayashi, Seba Calfuqueo, and Joanne Burke. Notable sales included El Anatsui works for $2.2 million and $1.9 million at White Cube, a Georg Baselitz painting for €1.4 million at Thaddaeus Ropac, and a James Turrell light work in the $900,000–$1 million range at Almine Rech. Latin American representation grew to 14 galleries, and the Focus section curated by Lumi Tan drew strong institutional attention.
Gallerie dell'Accademia, one of Venice’s most historic museums, is hosting "Energy in Transition," a major retrospective marking performance artist Marina Abramović’s 80th birthday. The exhibition features iconic works such as "The Lovers: The Great Wall Walk" (1988) and "Balkan Baroque" (1997), for which she became the first woman to win the Golden Lion at the Venice Biennale. Visitors can interact with installations involving crystals, meditation platforms, and energy brushes, transforming Abramović’s once-violent performances into a healing journey. Separately, St. Mark’s Square is hosting an exhibition by Korean artist Lee Ufan, featuring his sculpture "The Kiss."
The Philadelphia Museum of Art will present "Rising Up: Rocky and the Making of Monuments," an exhibition opening April 25, 2026, that explores the cultural significance of the Rocky statue and its connection to Philadelphia's boxing legends, immigrant neighborhoods, and public monuments. Featuring over 150 works by more than 50 artists—including Keith Haring, Rashid Johnson, Kara Walker, and Andy Warhol—alongside artifacts spanning 2,000 years, the show includes sculptures, paintings, video, and new commissions, timed to the 50th anniversary of the film "Rocky" (1976), the city's World Cup matches, and Philadelphia's Semiquincentennial.
Art Basel has announced new program highlights for its flagship fair in Basel this June, including a new initiative called Basel Exclusive. Developed in dialogue with galleries, Basel Exclusive requires participating exhibitors from the main Galleries sector to reserve at least one major work—or an entire presentation—from all pre-fair previews, online viewing rooms, and pre-sales, unveiling them publicly for the first time during the VIP opening on June 16. The fair also revealed the lineup for Unlimited, its platform for large-scale works, which will feature 59 projects by 66 international galleries, curated for the first time by Ruba Katrib of MoMA PS1. Unlimited Night returns on June 18 with extended hours and special performances.
The Dallas Art Fair (DAF), founded in 2009 by developer John T. Sughrue and curator Chris Byrne, concluded its eighteenth edition this past weekend. Director Kelly Cornell, who started as an intern and became director in 2016, has strengthened partnerships with the Dallas Museum of Art, Nasher Sculpture Center, and Dallas Contemporary, while securing sponsors like Bank of America. The fair has grown from 35 to over 90 galleries, though it still lacks mega-galleries like Gagosian, Hauser & Wirth, David Zwirner, and Pace. International participation this year included about 20 galleries, with notable names such as Perrotin, Anat Egbi, and Hesse Flatow, while galleries from Germany and China were absent.