auctions houses middle market competition art 1234777686

The auction industry's "middle market"—typically defined as lots under $1 million—is facing a period of intense competition and shrinking profit margins. While these lower-priced works account for the vast majority of transaction volume and a significant portion of earnings, the overhead costs of selling them remain high. Furthermore, aggressive financial maneuvers like guarantees and "enhanced hammers," once reserved for blue-chip masterpieces, are now being demanded by sellers and advisors at much lower price points.

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.

DePaul Art Museum Advisory Board Calls on University to Save the Institution, Expressing ‘Anger, Frustration, and Deep Sadness’ Over Abrupt Closure

The advisory board of Chicago's DePaul Art Museum has sent a strongly worded letter to DePaul University leadership, condemning the decision to permanently close the 40-year-old museum on June 30. The letter, signed by board chair Scott J. Hunter and members including artists Brendan Fernandes and former Expo Chicago head Tony Karman, expresses "anger, frustration, and deep sadness" over the abrupt closure and the university's unilateral plans for the museum's 4,000-object collection.

Newly Unearthed Letter Reveals Edvard Munch’s Influence on Paula Rego

A newly discovered 1951 letter reveals that a teenage Paula Rego was profoundly impressed by an Edvard Munch exhibition, specifically citing 'The Scream' and 'Inheritance.' This formative experience directly influenced her early work, such as her 1952 painting 'Drought,' which echoes Munch's style and themes. The letter, written to her mother, documents a pivotal artistic encounter she never publicly discussed.

Venice Biennale Russia Pavilion Return Controversy

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The Venice Biennale is facing intense backlash following the announcement that Russia will return with a national pavilion for the 2026 edition, marking its first official participation since the 2022 invasion of Ukraine. Ukrainian Foreign Minister Andrii Sybiha and various international activists have called for Russia's exclusion, arguing that the platform is being used to whitewash war crimes and exert political influence. In response, the Biennale leadership has maintained a policy of non-exclusion, stating that any country recognized by Italy has an autonomous right to participate.

calder sculpture mountains and clouds restored 1234774418

Alexander Calder’s monumental sculpture "Mountains and Clouds," located in the Hart Senate Office Building in Washington, D.C., is finally undergoing a full restoration. The 75-foot-wide "clouds" component of the mobile was dismantled in 2016 due to structural safety concerns, leaving only the stationary "mountains" portion on display for nearly a decade. Supported by private funding secured by the Calder Foundation, the project will refabricate the suspended elements and reinstall the computer-controlled motor system that allows the sculpture to rotate.

ai weiwei censorship artificial intelligence deepseek 1234773741

Renowned artist and activist Ai Weiwei critiques the intersection of artificial intelligence and censorship, drawing parallels between AI's algorithmic limitations and the Chinese government's systematic suppression of dissent. Using the emergence of the Chinese AI model DeepSeek as a catalyst, Ai recounts how the tool refused to discuss him, mirroring the state's long-standing strategy of erasing sensitive topics from public discourse. He argues that AI's reliance on existing data sets inherently replicates societal biases and moral codes, leading to factual inaccuracies and the homogenization of human thought.

trump wants national portrait gallery new portrait 1234773409

Former President Donald Trump has requested a new official portrait to replace the one painted by artist Ronald Sherr, which was completed in 2022 and ready for acceptance by the National Portrait Gallery. The White House stated Trump wants a portrait that reflects the full scope of his time in office, including both his 45th and potential 47th terms, as he is currently running for president again.

political bribery investigation south korea lee ufan 1234772835

A South Korean court acquitted former chief prosecutor Kim Sang-min of violating anti-graft laws by allegedly purchasing a painting attributed to artist Lee Ufan and gifting it to Kim Keon-hee, the wife of former President Yoon Suk-yeol, in exchange for political favors. The court found the prosecution's evidence insufficient to prove the painting was purchased or delivered as a bribe, citing a lack of documentation and the questionable credibility of a key witness.

sothebys second sale saudi arabia results 1234771783

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.

a rhythm 0 for the tiktok age 1234771095

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.

ai generated egon schiele twitter 1234770994

An AI-generated image falsely attributed to Austrian Expressionist Egon Schiele has gone viral on X, posted by the account @lovedropx. The image, which mimics Schiele's style and borrows the title of a real 1917 watercolor, has garnered hundreds of thousands of views. Art-world readers quickly pointed out anachronisms—such as the model's modern makeup, hair, and nails—and the image's six-fingered hand, as well as its lack of Schiele's characteristic provocativeness. This is not an isolated incident; Art Detective flagged similar AI fakes on Facebook in December, warning that undisclosed AI-generated images are becoming common.

di rosa art center estate sale 1234770699

The di Rosa Center for Contemporary Art in Napa, California, has listed its 217-acre estate for $10.9 million amid ongoing financial struggles. The property, which houses a significant collection of postwar Northern California art including works by Mark di Suvero, Peter Saul, and Jay DeFeo, was founded by collector Rene di Rosa and his wife Veronica. The center has been seeking financial stability since 2019, when it briefly attempted to sell its holdings before reversing course after local backlash. Director Kate Eilertsen hopes a wealthy philanthropist will purchase the estate and lease it back to the center, or that Napa County may acquire the land for public use while preserving the sculptures.

chanel culture fund names winners of its 2026 chanel next prize with each artist bagging e100 k 1234770159

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.

theaster gates tapped for obama presidential center installation celebrating ebony and jet image archives 1234766967

The Obama Foundation has commissioned artist Theaster Gates to create an expansive frieze for the Pendleton Atrium of the Obama Presidential Center (OPC), set to open on Chicago’s South Side in 2026. The installation will draw from the Johnson Publishing Company image archive and the Howard Simmons photographic collections, celebrating the visual archives of Ebony and Jet magazines. Gates, who founded the Rebuild Foundation in 2009, will join nine other artists—including Kiki Smith, Nick Cave, Marie Watt, Jenny Holzer, and Idris Khan—whose works were announced in September for the OPC campus.

bose krishnamachari resignation kochi biennale foundation 1234769987

Bose Krishnamachari, artist and co-founder of the Kochi Biennale Foundation (KBF), has abruptly resigned, citing pressing family reasons. His departure comes during the 6th edition of the Kochi-Muziris Biennale, titled “For the Time Being,” which opened December 12, 2025, and runs through March 31, featuring 66 artists from over 20 countries. The biennial has faced multiple controversies since its 2012 debut, including financial mismanagement, sexual harassment allegations, and a recent closure in January 2026 due to religious protests over a painting by Tom Vattakuzhy referencing the Last Supper.

extraordinary artist visas social media influencers 1234768831

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 1234768788

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 1234768658

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.

christmas identical new banksy murals london housing crisis 1234767781

Banksy has unveiled two identical murals in London, one near Tottenham Court Road Tube station and another in Queen's Mews, Bayswater. The artwork depicts two children lying on their backs, one pointing skyward, and was confirmed via the artist's Instagram. The piece appears during the Christmas season, but its placement near the landmark Centre Point skyscraper—a symbol of London's housing crisis—suggests a critique of homelessness and unaffordable housing.

phillips records 10 rise in global sales for 2025 taking 927 m as private sales surge by 66 1234767520

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.

nairy baghramian katarzyna kobro isamu noguchi wiels brussels 1234762854

Nairy Baghramian's exhibition "nameless" at Wiels in Brussels engages in a sculptural dialogue with the Polish avant-garde artist Katarzyna Kobro, whose work was largely destroyed during and after World War II. Baghramian riffs on Kobro's forms with unpainted steel variations that double as plinths for her own works, while also referencing other displaced sculptors such as Isamu Noguchi, Louise Bourgeois, and Jean Arp. The show deliberately leaves works untitled and undated, inviting viewers to discover art-historical references while enjoying the material playfulness of the sculptures.

art in america winter collaborations issue 1234763356

The winter collaborations issue of Art in America explores the often unglamorous, slow-paced nature of creative work, challenging the social-media-driven perception of art-making as fast and dramatic. The issue features pieces on Ira Sachs's film *Peter Hujar's Day*, which depicts the artist's mundane daily routine, and an interview with Chicago-based artists Nick Cave and Bob Faust, who discuss their collaborative practice and the perceived lack of drama in their process. Other highlights include features on Talia Chetrit's fashion-art boundary work, Mernet Larsen's multi-perspective paintings, and the role of licensing agreements with artists' estates.

sothebys london lifts lid on its old master and 19th century evening sale with half of works unseen for a century 1234764098

Sotheby's London has announced the full lineup for its Old Master and 19th century evening sale on December 3, featuring 31 works defined by exceptional scholarly significance and rare discoveries. Half of the lots have been hidden from public view for over a century, and 12 have not appeared on the secondary market in 40 years. Top lots include Hans Eworth's portrait of Thomas Howard (estimate £3 million), Pieter Brueghel the Younger's The Census at Bethlehem (£5 million), a rediscovered Peter Paul Rubens oil sketch (£3 million), and a Rembrandt portrait of Saint John on Patmos (£7 million). The sale also includes works from the collection of Dr Hinrich Bischoff, such as Lucas van Valckenborch's Autumn: Landscape with Archduke Matthias of Austria (£800,000).

arthouse legend udo kier dead at 81 morning links 1234763187

Sotheby's Hong Kong achieved a white-glove sale of 125 works from Japan's Okada Museum of Art, totaling $88 million and setting auction records for Japanese artists Kitagawa Utamaro and Hokusai. The sale was driven by museum founder Kazuo Okada's need to settle a $50 million legal dispute with casino magnate Steve Wynn. Meanwhile, Canada's minority Liberal government passed a budget that includes a commitment to introduce artist resale rights, granting artists royalties when their work is resold through auction houses or galleries, a policy long advocated by arts nonprofits and cultural leaders.

phillips takes 54 m from modern and contemporary sale bonhams on the move demand for female photographers rising morning links for november 20 2025 1234762537

Phillips' modern and contemporary evening sale in New York on Wednesday netted $67.3 million, with a 94% sell-through rate across 33 lots. Highlights included an untitled Joan Mitchell painting, a Francis Bacon diptych, and a juvenile triceratops skeleton, though two lots—a large gold piece and an oversized painting by Jadé Fadojumtimi—failed to sell. Separately, Bonhams announced it will move its US headquarters to 111 West 57th Street in February 2025, occupying a 42,000-square-foot space in the restored Steinway Hall, which will reopen as a public cultural venue. The article also covers declining DEI-related grants, a survey of William Nicholson, rising demand for female photographers, and the launch of Artsignal, an AI platform for art market intelligence.

phillips modern contemporary art auction report francis bacon 1234762505

Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.

klimt waldabhang unterach attersee lauder sale 1234762095

Gustav Klimt's landscape painting *Waldabhang in Unterach am Attersee* (1916) sold for $70.8 million at Sotheby's on Tuesday night, hammering at $61 million. The work was the third Klimt painting sold by Sotheby's from the collection of the late mega-collector Leonard A. Lauder, and was the first Klimt landscape Lauder ever purchased. The sale comes after Lauder's other Klimt landscapes achieved record prices, including *Blumenwiese* ($86 million) and his portrait of Elisabeth Lederer ($236.4 million).

french art world opposes proposal new taxes 1234761820

Two French parliamentarians, Jean-Paul Matteï and Philippe Juvin, have proposed a new tax regime on art as part of France's 2026 budget, which would make France the only major art market to impose a wealth tax on the mere possession of artworks. The French art world has strongly opposed the proposal, with 27 signatories including Art Basel, auctioneer Drouot, visual artists' rights organization ADAGP, the Association for the International Diffusion of French Art (ADIAF), and the Comité Professionel des Galeries d’Art (CPGA). Critics argue the tax is technically unenforceable, would drive collectors away, and harm the broader art ecosystem.

judson memorial church peoples flag show anniversary 1234760808

Three artists—Faith Ringgold, Jean Toche, and Jon Hendricks—organized "The People's Flag Show" at Judson Memorial Church in New York's Greenwich Village in November 1970, protesting the Vietnam War and challenging US flag desecration laws. The exhibition featured around 150 artists via open call, including Yvonne Rainer, Kate Millett, and the Guerrilla Art Action Group. On November 13, 1970, Ringgold, Toche, and Hendricks were arrested and fined $100 for flag desecration; their case was later dismissed with help from the American Civil Liberties Union. Now, 55 years later, Judson Commons—the church's nonprofit arts arm—is mounting a new version of the exhibition, again via open call, featuring over 60 artists and a week of programming in the Judson Gym.