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Art market 2025 review: all eyes on the Gulf as Trump destabilises global order

The global art market continued to contract in 2025, with prominent galleries such as Blum, Clearing, Sperone Westwater, Tilton, Kasmin, TJ Boulting, Project Native Informant, Nir Altman, and Altman Siegel closing due to challenging macroeconomic conditions. However, a rebound emerged at the top end by autumn, driven by Sotheby's white-glove sale of the Pauline Karpidas collection, strong VVIP sales at Art Basel Paris, and New York's November auctions, where Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.3 million and Frida Kahlo's *El Sueño (la cama)* (1940) for $54.7 million. Christie's and Sotheby's reported increased sales from 2024, with second-half auctions up 26% year-on-year, though recovery remains uneven and concentrated in classic secondary-market tastes.

Frieze lines up more than 95 exhibitors for next Los Angeles fair

Frieze Los Angeles will return to Santa Monica Airport from February 26 to March 1, 2026, for its seventh edition, featuring more than 95 galleries from 22 countries. The fair includes returning blue-chip participants like Gagosian, Hauser & Wirth, and David Zwirner, alongside a strong local Los Angeles gallery presence and more than a half-dozen first-time exhibitors. Special sectors include Sector for emerging artists, supported by Stone Island and curated by Essence Harden, and outdoor commissions organized with Art Production Fund. The Deutsche Bank Frieze Los Angeles Film Award and the Frieze Impact Prize, presented with Titus Kaphar’s Nxthvn incubator, will also return.

Thaddaeus Ropac is betting on Milan—will it pay off?

Austrian dealer Thaddaeus Ropac opened a new gallery in Milan on September 20, capitalizing on Italy's newly reduced 5% VAT on art imports—the lowest in the EU—and an influx of wealthy expats from London following the UK's abolition of non-dom tax status. The gallery occupies the first floor of the historic Palazzo Belgioioso, with Elena Bonanno di Linguaglossa appointed as director. Ropac's move follows his earlier successful expansions into Seoul and Pantin, which proved prescient.

Antony Gormley: ‘Everything I make now is a surprise to me’

Antony Gormley, the British sculptor best known for public works like *Angel of the North* and *Another Place*, is opening his first solo exhibition in Seoul this September, titled *Inextricable*, simultaneously at White Cube and Thaddaeus Ropac. The shows coincide with Frieze Seoul and explore how urban infrastructure shapes human consciousness. Gormley also discusses his ongoing collaboration with Japanese architect Tadao Ando at Museum SAN, where their permanent installation *Ground* (2025) is on view, and reflects on past unrealized projects in Korea, including a utopian proposal with the Kim Dae-jung Foundation.

Meyer Riegger and Jocelyn Wolff Open Joint Seoul Gallery Ahead of Frieze

Berlin's Meyer Riegger and Parisian Galerie Jocelyn Wolff will open a joint gallery in Seoul's Hannam-dong district on 2 September 2025, marking their first permanent Asian outpost. The new space, named Meyer Riegger Wolff and led by director Gaia Musi, will represent artists from both galleries including Clemens von Wedemeyer, Miriam Cahn, and Marcel Duchamp. The inaugural exhibition, "Heute Nacht geträumt (Dreamed Last Night)" (2 September–7 November 2025), will explore drawing across four centuries in a salon-style format.

Thaddaeus Ropac expands to New York, with Emilio Steinberger at the helm

The international mega-gallery Thaddaeus Ropac announced it is opening a project space in uptown Manhattan, marking its first permanent physical presence in New York. The gallery also appointed Emilio Steinberger, a former senior partner at Lévy Gorvy Dayan, as its new senior director in the US to lead the expansion.

Frieze London diary: a boozy gallery bar, head-turning headlines and talking mice

During Frieze London week, Thaddaeus Ropac gallery hosts Tom Sachs’s "A Good Shelf" exhibition featuring a working coffee and mezcal bar alongside 30 ceramic works inspired by Japanese tea bowls. At the satellite fair Minor Attractions, performance artist Mark McGowan (aka Artist Taxi Driver) displays subverted Daily Mail headlines. Ryan Gander’s solo show at Camden Arts Projects introduces a fourth animatronic mouse that critiques the state of contemporary art. Meanwhile, the Gallery of Everything presents "Ectoplasmix," a show of works depicting ectoplasm, including pieces by František Jaroslav Pecka, Mathew Weir, and Susan Hiller.

London Gallery Weekend 2025: must-see shows for digital art lovers

London Gallery Weekend (LGW) 2025 features a strong digital art focus, with must-see shows by artists including Auriea Harvey, Tyler Hobbs, Beeple, and Robert Alice. Highlights include Beeple's interactive video sculpture *Tree of Knowledge* at the first South By Southwest London festival, LoVid's 25-year exploration of video and hand-stitched textiles at Gazelli Art House, David Salle's AI-assisted paintings at Thaddaeus Ropac, and Máté Orr's digital-first folklore paintings at JD Malat Gallery. The festival, where *The Art Newspaper* moderated a panel, underscores London's emergence as a digital art capital.

‘Where there’s a will, there’s a way’: Georg Baselitz incorporates his wheelchair into his art

Georg Baselitz, the 87-year-old German painter, has incorporated his wheelchair into his artistic process for a new series of 22 large-format paintings, 14 ink-on-paper drawings, and his first sculpture in over a decade. The works, made by spreading canvases on the floor and using the wheelchair's tracks to create swirling parallel lines, are on view at Thaddaeus Ropac in Pantin, Paris, in an exhibition titled 'Ein Bein von Manet aus Paris' (until 26 July). The show continues Baselitz's long exploration of the human figure, particularly his wife Elke, while introducing a novel technique that turns his mobility aid into a mark-making tool.

Sun Woo: ‘I’m interested in how the body navigates unfamiliar territory’

Sun Woo, a Korean-born artist who moved to Canada as a child, is featured in the Korean Artists Today project, which selects emerging Korean artists with global potential. Her work explores displacement, cultural hybridity, and the body's navigation of unfamiliar territories, blending digital and analogue techniques. Her paintings, sculptures, and installations often merge bodily elements with mechanical devices, referencing female exploitation and labor, as seen in her 2024 painting *Weaver's Room*.

67 galleries will once again take over the Shed for Frieze New York

The Frieze New York art fair will return to the Shed in Manhattan for its sixth edition this May, featuring 67 galleries. This marks the first edition since the fair's parent company was acquired by Ari Emanuel's Mari. The event will coincide with several other New York art fairs and major spring auctions, creating a competitive landscape for collectors' attention as it follows closely on the heels of the 2026 Venice Biennale opening.

Spain’s galleries are protesting against high taxes—can Arco Madrid help voice their concerns?

The 45th edition of Arco Madrid, Spain’s premier contemporary art fair, is set to host 206 galleries from 36 countries at the Ifema convention centre. While the fair remains a vital commercial hub, it is currently overshadowed by a nationwide protest from Spanish galleries against the country's 21% VAT on art purchases. This tax rate is among the highest in Europe, significantly outpacing neighbors like Portugal and France, leading to concerns about international competitiveness and the classification of contemporary art as a luxury elite product.

Austrian pavilion artist Florentina Holzinger joins Thaddaeus Ropac

Choreographer Florentina Holzinger, known for her extreme and provocative performances, has joined the roster of the Thaddaeus Ropac gallery. This move coincides with her preparation to represent Austria at the 61st Venice Biennale in 2026 with a site-specific performance project titled SEAWORLD VENICE.

Amid a wave of global crises, Ilya and Emilia Kabakov’s Ship of Tolerance sets sail again—with added potency

Ilya and Emilia Kabakov's participatory art project *Ship of Tolerance* (2005–present) has been reinstalled at Oakville Galleries on Lake Ontario, near Toronto, opening on 31 May as part of the exhibition *Between Heaven and Earth* (through 20 September). The project, which involves children from diverse backgrounds creating painted sails for a 60-foot wooden boat, has previously traveled to locations including Siwa, Egypt; the Venice Biennale; Sharjah; Brooklyn; Miami; Moscow; and London. Emilia Kabakov continues to lead the project after Ilya Kabakov's death in 2023, and the latest iteration arrives amid global crises including wars, migrant displacement, and US President Donald Trump's threats to annex Canada.

Art Basel reveals exhibitor lineup for Paris fair's 2025 edition

Art Basel Paris has announced the exhibitor lineup for its 2025 edition, which will bring 203 galleries to the Grand Palais this autumn. The fourth edition features 89% returning exhibitors from last year and 25 newcomers, with a strong Parisian presence—one-third of participants operate a space in the French capital. The main sector includes 177 exhibitors such as Thaddaeus Ropac, Mor Charpentier, and Acquavella Galleries, while the Emergence section offers 16 solo stands for emerging artists, and the Premise sector challenges art historical canons with pre-1900 works and obscure practices. Highlights include a joint presentation by Gordon Robichaux and Stars of Janet Olivia Henry's dioramas, and a solo stand by Arash Nassiri at Ginny on Frederick.