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art market minute jun 23 2659130

Art Basel 2026 confirmed that the global art market remains a buyer's market, with sales occurring across various price brackets. A new generation of collectors is emerging, driven by curiosity, community, and long-term engagement rather than speculation. Meanwhile, former Sotheby's executive Adam Chinn has quietly built the art lending firm International Art Finance, backed by the Nahmad family.

Old School Studios: New Meanwhile Arts Space opens for Artists Open Houses 2026

Old School Studios, a new meanwhile arts space, opens this May as part of Artists Open Houses 2026 in Brighton. Developed by Artcore Brighton, the project transforms the former Brighton Waldorf school into working studios and an exhibition site, featuring over 50 artists working across sculpture, painting, photography, printmaking, textiles, ceramics, jewellery, and moving image. Co-founded with Mutoid Waste Company and Glastonbury Art Director Alex Wright (aka Wreckage), the space includes pop-up performances, workshops, and food from Lost Pier and La Cantina.

Free contemporary art shows to open in the postmodern 1 Poultry building

Three temporary art galleries are opening on the ground floor of the postmodern No.1 Poultry building in the City of London, near Bank tube station. Operated by arts charity Hypha Studios and supported by the Cheapside Business Alliance, the spaces will host 24 exhibitions over the course of a year, starting in September 2025. The first three exhibitions are free and open to the public from Thursday 25th September 2025. Gallery 2, in partnership with art and architecture platform recessed.space, will focus on exhibitions relating to the living environment, while Galleries 1 and 3 will feature a range of contemporary artists and curators. The initiative is part of a meanwhile use programme during a refurbishment of the building’s interior to reduce energy consumption.

Two spectacular libraries are under construction in Milan: photos of the construction sites

A Milano sono in costruzione due spettacolari biblioteche: le foto dei cantieri

Milan is currently undergoing a significant cultural transformation with the construction of two major public libraries: the European Library of Information and Culture (BEIC) and the Lorenteggio Library. The BEIC, a massive 30,000-square-meter project designed by Onsitestudio and funded by the PNRR, is rising in the Porta Vittoria district as a national-level cultural hub. Meanwhile, the Lorenteggio Library, designed by a team led by Grau Magaña Urtzi, is taking shape in a strategic suburban area to provide essential community services and social integration.

Hundreds at London’s British Library go on strike, as Tate workers consider action

Around 300 workers at the British Library in London have gone on strike from 27 October to 9 November over a pay dispute, organized by the Public and Commercial Services union (PCS). The strike threatens to disrupt the opening of the major exhibition "Secret Maps" (until 18 January 2026). Meanwhile, more than 100 PCS members across Tate's four sites are being balloted for possible strike action, with a postal ballot closing on 11 November. The unions demand inflation-proof pay rises, citing low wages that force employees to take second jobs and loans, while management offers increases of 2.4% at the British Library and 3% at Tate.

‘Proof that life goes on’: meet some of the people working to rescue—and re-energise—Ukrainian culture

Ukrainian cultural institutions and artists are actively restoring and creating art despite ongoing Russian attacks targeting the country's cultural identity. The Nahirna 22 arts collective in Kyiv, which runs 30 artist studios, was hit by air strikes in August that killed at least 23 people, damaging studios and forcing relocations. Meanwhile, the Mykhailo Boychuk State Academy of Decorative Applied Arts and Design in Kyiv, named after a Modernist executed in 1937, was struck by a Russian missile in 2024. Contractors in July 2025 recovered surviving works from the academy's archives, including paintings, textiles, ceramics, and student pieces, with support from UNESCO, the Japanese government, and Ukraine's culture ministry. A new conservation training program and exhibitions like Body/Fragility demonstrate ongoing cultural resilience.

On the Town: Vacaville gallery ready to set the table; "Beyond Time' at MI Art Studios

The Vacaville Art Gallery is preparing to host its annual "Set the Table" event, a fundraiser and exhibition where artists create and display unique table settings. The event serves as a key financial driver for the non-profit gallery, supporting its year-round operations and community programming. Meanwhile, MI Art Studios in Fairfield is opening a new exhibition titled "Beyond Time," featuring works by local artists that explore themes of temporality and memory.