Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

Dealers at the TEFAF Maastricht art fair reported strong sales, defying concerns over global unrest and geopolitical tensions that limited some collectors' travel. The fair, featuring 277 dealers from 24 countries, saw a high caliber of international collectors engaging with works ranging from monumental 18th-century sculptures to minuscule, intricately detailed pieces. First-time exhibitors and veterans alike expressed satisfaction, with one rare books dealer calling it his best year in three decades of participation.

art basel qatar wael shawky artistic director 1234747075

Art Basel has appointed artist Wael Shawky as the artistic director of its upcoming fair in Doha, Qatar, scheduled to open in February. This marks a departure from the company's usual practice of selecting directors from the commercial art world. Shawky, who represented Egypt at the Venice Biennale and has had solo exhibitions at Tate Modern and MoMA PS1, will curate around 50 single-artist presentations across two venues, M7 and the Doha Design District, with equal pricing for exhibitors initially. A selection committee including dealers from international and regional galleries will assist in choosing participants.

Nominees for the Turner Prize 2026 announced by Tate

Tate Britain has announced the four nominees for the 2026 Turner Prize: Simeon Barclay, Kira Freije, Marguerite Humeau, and Tanoa Sasraku. The shortlist was revealed during a press conference broadcast online. An exhibition of their work will open at the Middlesbrough Institute of Modern Art (Mima) on 26 September, with the winner announced on 10 December. The winner receives £25,000, while each runner-up gets £10,000. The jury, chaired by Tate Britain director Alex Farquharson, praised the diverse range of work spanning installation, performance, and sculpture.

Lily Allen’s ‘West End Girl’ Portrait Makes Its Museum Debut

Lily Allen's portrait, created by Spanish artist Nieves González for the cover of her album 'West End Girl,' has gone on public display at London's National Portrait Gallery. The painting, which blends Old Master techniques with contemporary fashion, was loaned to the museum by Allen herself and will be exhibited for a year.

paint drippings art industry news feb 16 2745624

This week's art industry news covers significant developments across fairs, auctions, galleries, and museums. Frieze New York announces its 15th edition with a strong Latin American gallery presence, while the India Art Fair reports robust sales, including works by Atul Dodiya and N.S. Harsha fetching up to $600,000. Sotheby's will offer a major Francis Bacon self-portrait from the collection of Joe Lewis, and Christie's is set to sell three masterpieces from Agnes Gund's collection, estimated at over $123 million. Gallery news includes Federica Beretta's return to Opera Gallery and David Zwirner's new representation of painter Louis Fratino.

Agosto Machado, Artist and Activist Whose Shrine Sculptures Kept Queer History Alive, Has Died

Agosto Machado, an artist and activist central to New York's Downtown scene and a participant in the 1969 Stonewall uprising, has died following a brief illness. His gallery, Gordon Robichaux, announced his passing but, respecting his wishes, did not disclose his age. Machado was known for creating intricate shrine sculptures from collected ephemera to honor figures from his community, and one of these altars is currently featured in the 2024 Whitney Biennial.

Melvin Edwards, pioneer of Black abstraction, 1937–2026

Melvin Edwards, a pioneering sculptor known for his steel assemblages that explored Black history and experience, has died. He was the first African-American artist to have a solo exhibition at the Whitney Museum of American Art in New York in 1970. His signature series, Lynch Fragments, began in the 1960s as a response to the civil rights movement and evolved over his lifetime to incorporate references to the Vietnam War and African cultural practices.

Van Gogh Museum Acquires Only Third Painting by a Female Artist at TEFAF

Van Gogh Museum Acquires Only Third Painting by a Female Artist at TEFAF

The Van Gogh Museum in Amsterdam has acquired Virginie Demont-Breton's 1887-88 painting *L'homme est en mer* at the TEFAF Maastricht fair. The work, depicting a woman and child awaiting a sailor's return, becomes only the third painting by a female artist in the museum's collection and was purchased for a sum between $543,000 and $1.1 million.

10 Art Shows to See in Los Angeles This April

April in Los Angeles features a diverse array of art exhibitions, from major institutional retrospectives to politically charged group shows. Highlights include a 60-year retrospective of the influential printmaking studio Gemini G.E.L. at its own space, a survey of the Grunwald Center at the Hammer Museum, and shows celebrating LA performance art icons Bob & Bob and Rachel Rosenthal. The month also sees a newly discovered collection of matchbook miniatures by Joe Brainard and Dave Muller's work on social connection at ArtCenter.

Legal Dispute Threatens Auction of Titanic Artifacts, Vaillancourt Fountain Catches Fire During Demolition, and More: Morning Links for May 7, 2026

A legal dispute has erupted over the planned auction of nearly 100 artifacts recovered from the Titanic shipwreck in 1987. The R.M.S. Titanic, the private company that owns salvage rights, seeks to sell the items, but the French government—which co-sponsored the expedition—granted title under the condition they not be sold. The U.S. National Oceanic and Atmospheric Administration also opposes the sale, arguing it violates a prior legal ruling. A judge has rejected the company’s attempt to keep the auction confidential. Separately, San Francisco’s Vaillancourt Fountain caught fire during demolition on May 6, 2026, when a torch ignited rubber tubing inside the Brutalist sculpture by Armand Vaillancourt; the fire was quickly contained with no injuries. Other news includes the death of Beat Generation artist George Herms at 90, a French bill to facilitate colonial-era art restitution, and a rare opportunity to view Gustav Klimt’s ceiling paintings at Vienna’s Burgtheater during renovation.

Robert Therrien Estate Leaves Gagosian for David Zwirner, Olney Gleason Now Represents Jill Magid, and More: Industry Moves for May 6, 2026

The ARTnews article reports a series of significant gallery representation changes and industry moves in the art world as of May 6, 2026. Key shifts include the Robert Therrien Estate leaving Gagosian for David Zwirner, Olney Gleason now representing Jill Magid, and several other artists—Tianyue Zhong, Africanus Okokon, Seung Ah Paik, Khalif Tahir Thompson—joining or switching galleries. Miriam Machado has been named director of the Patricia and Phillip Frost Art Museum. The article also notes the rising costs and commercial realities of staging exhibitions at the Venice Biennale, including a Christie's selling show at Palazzo Ca' Dario.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

Zoe Leonard Departs Hauser & Wirth for New York’s Maxwell Graham Gallery

Zoe Leonard, a celebrated conceptual artist whose work will appear at the Venice Biennale next week, has left Hauser & Wirth—a global gallery with 14 locations—to join Maxwell Graham, a smaller New York-based gallery known for spare conceptual presentations. Leonard will continue to be represented by her longtime galleries, Cologne’s Galeria Gisela Capitain and Milan’s Raffaella Cortese. Maxwell Graham staged its first Leonard exhibition last year with “Display,” featuring photographs of historical objects in museums. Leonard is the second artist to depart Hauser & Wirth in the past year, following George Condo’s exit in November.

“Primary Structures,” Turns 60

On April 28, 1966, The New York Times published a review by conservative critic Hilton Kramer of the Jewish Museum's exhibition “Primary Structures,” organized by curator Kynaston McShine. Kramer, disdainful of contemporary art, described the 42 American and British artists as rejecting personal expression and subjective inflection, yet he acknowledged the show as the first comprehensive glimpse of a style that would define the 1960s. The exhibition featured then-little-known artists including Carl Andre, Dan Flavin, Donald Judd, Sol LeWitt, Walter De Maria, Robert Morris, Anne Truitt, John McCracken, Larry Bell, Robert Smithson, Judy Chicago, Philip King, Michael Bolus, and David Annesley, and is now recognized as the ur-survey of Minimalism—a term McShine deliberately avoided.

Gagosian Opens a New Ground-Floor Flagship at 980 Madison Avenue with Duchamp-Rauschenberg Double Header

Gagosian is opening a new ground-floor flagship gallery at 980 Madison Avenue in New York, moving from its former upper-floor space in the same building. Designed by Caplan Colaku Architects, the 12,000-square-foot, two-level space consolidates three storefronts into a continuous layout with restrained materials like Portland Taupe stone and brushed stainless steel. The inaugural exhibition pairs a major Marcel Duchamp show with six early works by Robert Rauschenberg on loan from the Cy Twombly Foundation, coinciding with a Duchamp retrospective at MoMA and referencing a 1965 Duchamp exhibition held in the same building.

The Triumphant New LACMA Has the Potential to Rewrite Art History

The Los Angeles County Museum of Art (LACMA) is set to open its new $724 million David Geffen Galleries, designed by Swiss architect Peter Zumthor. The building features a radical, non-linear layout that eschews traditional chronological and geographical hierarchies, allowing artworks from 15 different curatorial departments to be displayed in conversation with one of another. Despite years of controversy regarding its concrete design and a 10 percent reduction in exhibition space, the museum is positioning the new structure as a flexible "laboratory" for global art history.

Time Magazine’s 100 Most Influential List Includes Artist Cao Fei and Photojournalist Lynsey Addario

Time magazine has named artist Cao Fei and photojournalist Lynsey Addario to its 2026 list of the 100 most influential people in the world. Cao Fei is recognized for her multidisciplinary work exploring digital technology and modernity, while Addario is honored for her decades of courageous reporting from global conflict zones, including her Pulitzer Prize-winning coverage of the war in Ukraine. The list also acknowledges prominent art patrons Susan and Michael Dell.

Hampshire College, Whose Alumni List Includes Many Well-Known Artists, to Close After 51 Years

Hampshire College in Amherst, Massachusetts, has announced it will officially close following the fall 2026 semester, ending 51 years of operation. The decision follows a period of significant financial instability, including a reported $20 million debt and a failure to meet enrollment targets. The college has established agreements with regional institutions, such as Smith College and Bennington College, to allow current students to complete their degrees elsewhere.

Hirshhorn Museum Director Melissa Chiu Leaves for Guggenheim, Another Smithsonian Departure

Melissa Chiu has been appointed as the new director of the Guggenheim Museum in New York, departing her long-standing role at the Smithsonian’s Hirshhorn Museum and Sculpture Garden. Starting September 1, Chiu will report to Mariët Westermann, CEO of the Solomon R. Guggenheim Foundation, effectively splitting the leadership responsibilities previously held by Richard Armstrong. During her decade-long tenure at the Hirshhorn, Chiu was known for staging massive blockbuster exhibitions, including the record-breaking Yayoi Kusama "Infinity Mirror Rooms" show, though she also faced criticism for commercial ventures like a reality TV competition.

judge halts construction of trump ballroom maurizio cattelan wants you to confess to him morning links for april 1 2026 1234779586

Italian artist Maurizio Cattelan has launched a global hotline inviting the public to confess their sins to mark the 21st anniversary of the death of Pope John Paul II. The project, which may coincide with April Fools' Day, culminates in a livestreamed event on April 23 where Cattelan intends to perform a secular act of absolution. Other major developments include a federal judge halting construction on a controversial White House ballroom and the death of British illustrator Glen Baxter at age 82.

The IFPDA Print Fair Returns to the Park Avenue Armory, Illuminating the Relationship Between Prints and Drawings

The IFPDA Print Fair is returning to the Park Avenue Armory from April 9–12, featuring 80 international exhibitors presenting 500 years of prints and drawings. The fair highlights the historical and conceptual relationship between the two mediums, with notable works including an Edward Hopper charcoal study and unique or hybrid pieces by artists like Françoise Gilot and Edgar Degas.

david hockney abstract art serpentine galleries 1234778992

David Hockney has launched a critique against the prevalence of abstract art while debuting his latest exhibition, "A Year in Normandie and Some Other Thoughts About Painting," at the Serpentine Galleries. The 88-year-old artist, recovering from an infection at his Kensington studio, presented a nearly 300-foot-long frieze of iPad drawings depicting the seasonal shifts of his Normandy gardens. The show emphasizes Hockney's commitment to figurative representation and observation, utilizing new stippling techniques and reverse-perspective compositions.

banksy unmasked judge granted democratic congresswoman access to kennedy centers plans ahead of todays vote on renovations morning links for march 16 2026 1234777495

A Reuters investigative report has claimed to unmask the anonymous street artist Banksy, identifying him as Robin Gunningham (who later changed his name to David Jones). The report justifies the disclosure by citing public interest in how the artist has monetized his mystique and details the inner workings of his professional circle. Meanwhile, the art world faces several institutional shifts, including the resignation of Richard Grenell from the Kennedy Center amid a legal battle over renovations, and calls for the resignation of Italy’s Venice Biennale representative over Russia's potential return to the exhibition.

Thomas J Price, Artist Behind Viral Times Square Sculpture, Unveils New Bronze in London

Thomas J Price, Artist Behind Viral Times Square Sculpture, Unveils New Bronze in London

Thomas J Price has unveiled a monumental new bronze sculpture, *A Place Beyond*, at the entrance to the V&A East museum in London. The 18-foot-tall figure, his tallest work to date, depicts a young Black woman in contemporary clothing holding a cell phone, created from a composite of many individuals rather than a single model. The sculpture will greet visitors when the new museum branch opens next month.

massive 44 foot long david hockney print to headline christies spring prints season in london 1234777342

Christie’s London has announced that David Hockney’s monumental print 'Autour de la maison, été' (2019) will headline its spring prints season. Measuring nearly 40 feet long and printed on a single sheet of paper, the work depicts the artist’s Normandy estate with a high estimate of £300,000 ($400,000). The piece is noted for its cinematic scale and narrative structure, drawing direct inspiration from the medieval Bayeux Tapestry.

Mary, Queen of Scots Final Letter on View; French Artist Adds Armor to Dalida Sculpture: Morning Links for March 10, 2026

mary queen of scots final letter on view french artist adds armor to dalida sculpture morning links for march 10 2026 1234776708

Perth Museum has unveiled the final letter written by Mary, Queen of Scots, marking the document's first public display in Scotland in three decades. Penned hours before her execution in 1587, the letter to Henry III of France frames her death as a religious martyrdom and is subject to extreme conservation protocols that limit its exhibition frequency. Meanwhile, in Paris, artist Luz has installed a spiked, mirror-encrusted bodice on the famous Dalida bust in Montmartre to protest the tradition of tourists rubbing the sculpture's breasts for luck.

institut restellinis amedeo modigliani catalogue raisonne 1234776379

Marc Restellini’s Institut Restellini is set to release a definitive six-volume catalogue raisonné for Amedeo Modigliani after four decades of research. The publication, which includes 100 newly authenticated works, utilizes a rigorous methodology combining advanced scientific analysis—such as spectrometry and carbon-14 dating—with traditional stylistic evaluation and archival documentation. To mark the launch, Pace Gallery will host events in London and New York in April.

director of museo national de colombia liliana angulo cortes dies at 51 art centers in beirut pause programming amid war morning links for march 5 2026 1234775819

Liliana Angulo Cortés, the trailblazing director of the Museo Nacional de Colombia, has died at age 51. As the first Afro-Colombian artist to lead the historic institution, she was instrumental in diversifying the museum's collection and shifting its focus toward colonial remembrance and the representation of Black and Indigenous communities. Meanwhile, major art centers in Beirut, including the Sursock Museum and the Beirut Art Center, have suspended operations due to escalating regional conflict and airstrikes.

emmi whitehorse white cube gallery representation 1234775774

White Cube has announced the representation of Navajo artist Emmi Whitehorse, who will be represented alongside her New York gallery, Garth Greenan. The partnership follows Whitehorse’s successful solo exhibition at White Cube’s Paris space and her inclusion in the 2024 Venice Biennale. The gallery plans to debut new work, including the painting "Father Sky meets Mother Earth," at its Art Basel Hong Kong booth later this month.