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will the recent art market momentum continue into 2026

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.

south africa cancels gabrielle goliath gaza venice biennale

South Africa selected a work by artist Gabrielle Goliath for its Venice Biennale pavilion, then rescinded the decision on January 2, just eight days before the finalization deadline. The culture ministry, led by Minister Gayton McKenzie, objected to a section of Goliath's "Elegy" series that included words by Palestinian poet Hiba Abu Nada, who was killed in an Israeli airstrike in 2023. The pavilion's selection committee publicly disagreed with the cancellation, calling it censorship and highlighting a history of mismanagement.

sperone westwater court filings

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.

diana thater media art preservation cmacc

When the Eaton Fire swept through Altadena in January 2025, artist Diana Thater lost decades of raw footage, master tapes, installation manuals, and ephemera stored in her garage. Her husband, artist T. Kelly Mason, managed to save a server and several hard drives, but much of her earlier archive—never digitized—was destroyed. In the aftermath, Thater began working with the Canyon Media Art Conservation Center (CMACC), a nonprofit conservation lab opening in 2026 that specializes in time-based media art. Led by conservator Cass Fino-Radin, CMACC is helping Thater locate surviving versions of her works in museums and private collections to rebuild and preserve her archive.

suzanne landau step down as director israel museum

Suzanne Landau, 80, will step down as director of the Israel Museum in Jerusalem, having informed staff at the museum’s end-of-year party. She has served as director since September 2023, initially as acting director after Denis Weil resigned amid board disagreements. The museum’s search for a new CEO is in advanced stages, and Landau will assist during a transition period. Her tenure included the installation of Anselm Kiefer’s "Ages of the World" and a restructuring that saw Dganit Sanker-Lange appointed deputy director.

re air why no one trusts art prices anymore

Artnet News revisits a podcast episode featuring editor-in-chief Naomi Rea, who examines the breakdown of traditional art pricing logic amid a cooling market. The episode explores how the rules that once governed art valuation have eroded, leaving dealers, advisors, and collectors struggling to navigate a market described as being in a "danger zone." Rea discusses how mega-galleries, emerging dealers, and advisors are quietly recalibrating their strategies as speculation dries up and confidence wanes.

experts how to make it art world

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.

work of the week basquiat onion gum

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.

guy cogeval obituary former director musee dorsay paris

Guy Cogeval, the former director of Paris's Musée d'Orsay, died on November 13 at age 70 after a long illness. A specialist in 19th-century art and the Nabis, Cogeval led the Musée d'Orsay from 2008 to 2017, overseeing a major renovation of 80 percent of its galleries and merging it with the Musée de l'Orangerie. He previously directed the Montreal Museum of Fine Arts and the National Museum of French Monuments, and curated acclaimed exhibitions including "Hitchcock and Art" and "Édouard Vuillard, Master of Post-Impressionism."

ultra contemporary chinese artists market

The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.

hauser and wirth sicily

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.

artnews awards 2025 jury

The second annual ARTnews Awards have announced their 2025 winners, selected by a jury of five esteemed US-based curators: Ryan N. Dennis (Co-Director & Chief Curator, Contemporary Arts Museum Houston), Anne Ellegood (Executive Director, Institute of Contemporary Art, Los Angeles), Rosario Güiraldes (Curator of Visual Arts, Walker Art Center, Minneapolis), Ruba Katrib (Chief Curator and Director of Curatorial Affairs, MoMA PS1, New York), and Victoria Sung (Phyllis C. Wattis Senior Curator, Berkeley Art Museum and Pacific Film Archive). These jurors reviewed exhibitions held between August 2024 and July 2025, meeting twice alongside two ARTnews senior editors to nominate and select winners across six categories.

jennifer gilbert lumana detroit

Entrepreneur and art collector Jennifer Gilbert has founded Lumana, a new non-profit arts organization in Detroit's Little Village neighborhood. Housed in a repurposed 21,000-square-foot former shipbuilding and storage facility at Stanton Yards, the space is being adapted by SO–IL architectural firm with landscape design by OSD. Slated to open in Fall 2027, Lumana will feature two exhibition halls, a café, bookstore, auditorium, and educational spaces, and will house Gilbert's foundation. Gilbert plans to draw on her private art collection for exhibitions, including an inaugural show focused on Cranbrook Art Museum's Detroit collection, and is considering curatorial fellowships to commission new site-specific work.

louvre ticket price hike

The Louvre will raise ticket prices by 45 percent for non-E.U. visitors starting January 14, 2026, with tickets increasing to €32 ($37) for travelers from the U.S., U.K., and China, while E.U. visitors continue to pay €22. The price hike, announced on November 27, is expected to generate €15–20 million annually to fund modernization plans, following intense criticism over aging infrastructure and a $102 million jewel heist in October. The museum also faces structural issues, including the temporary closure of parts of its Sully wing due to fragile support beams, and has implemented an €80 million security master plan.

art market minute nov 24

Last week's New York marquee auctions saw record-breaking sales and billions of dollars in transactions, providing a much-needed boost of confidence after nearly three years of market contraction. The article reviews top sales and notable flops from the week, analyzing how these results are shaping the current market outlook.

sothebys modern pritzker exquisite corpse auction results

On Thursday night, Sotheby’s held a three-part sale of Impressionist, Modern, and Surrealist art at the Breuer Building in New York, generating $304.6 million against a cumulative estimate of $218.8 million to $301.2 million. The smallest sale, 13 lots from the collection of Cindy and Jay Pritzker, achieved a “white glove” result with $109.5 million, led by Vincent van Gogh’s *Romans Parisiens (Les Livres jaunes)* (1887) which sold for $62.7 million. The Surrealist offering, “Exquisite Corpus,” from the collection of Nesuhi and Selma Ertegun, featured Frida Kahlo’s *El sueño (La cama)* (1940) which set a record for the artist at $54.7 million, becoming the most expensive work by a woman artist at auction (nominal price).

video data bank downsizing school art institute chicago

The School of the Art Institute of Chicago (SAIC) laid off three of five staff members at the Video Data Bank (VDB), a renowned video art distribution organization, on November 12. Former director Tom Colley announced the dismissals of digital collection manager Elise Schierbeek and distribution assistant Nicky Ni, and stated that acquisitions and programming would cease. SAIC cited financial pressures from federal policy changes and enrollment declines, insisting the VDB is not closing but needs adjusted staffing to protect its teaching mission. The VDB, founded in 1976 and approaching its 50th anniversary, holds works by major artists including Nam June Paik, Pipilotti Rist, and Bruce Nauman, and has historically received NEA funding.

trustees bolt palm springs art museum director hire

Trustee Patsy Marino resigned from the Palm Springs Art Museum board just one week after Christine Vendredi was appointed director on September 29, 2024. In a resignation letter reported by the Los Angeles Times, Marino alleged that the hiring committee failed to interview any outside candidates, despite two "exceptional" candidates being considered, and cited "inappropriate interference" by the executive committee, individual trustees, and museum staff. Two other board members also left the 22-member body, though the museum claims their departures were unrelated. Vendredi, previously chief curator and interim CEO, has a background in luxury brand management at Louis Vuitton and holds multiple advanced degrees but no prior museum directorship experience.

tate staff vote strike inadequate pay

More than 150 unionized workers at Britain's Tate museums, represented by the Public and Commercial Services Union (PCS), will strike from November 26 to December 2 over what they call inadequate pay raises. The strike follows a vote where 98% of members supported action, with 88% turnout. Staff at Tate Britain, Tate Modern, Tate Liverpool, and Tate St. Ives were offered a 2-3% salary increase, which the union argues is below the government's Civil Service Pay Remit Guidance maximum of 3.25%. The action coincides with the opening of the major exhibition "Turner & Constable: Rivals & Originals" at Tate Britain on November 27.

canceled samia halaby exhibition recreated qatar

Mathaf: Arab Museum of Modern Art in Qatar has mounted a presentation of seven works by Palestinian artist Samia Halaby that were originally slated for a canceled survey at Indiana University’s Eskenazi Museum of Art in December 2023. The university cited “safety reasons” for the cancellation, which Halaby criticized as occurring amid the massacre of Palestinians in Gaza. The works are displayed in the first gallery of the exhibition “we refuse_d,” curated by Vasif Kortun, which also includes pieces by other artists whose shows were canceled, such as Jumana Manna. Halaby’s paintings span 1980 to 2024 and include the previously unseen “Worldwide Intifadah” (1989) and “Massacre of the Innocents in Gaza” (2024).

frieze abu dhabi fair announced

Frieze, the London-based art fair organizer, announced it will launch Frieze Abu Dhabi in November 2026, partnering with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). The new fair will replace the existing Abu Dhabi Art fair, which has run since 2007, and will take place at Manarat Al Saadiyat in the Saadiyat Cultural District. The announcement follows Frieze's recent acquisition by Mari, a company founded by Ari Emanuel, and comes amid a wave of international art fair expansions in the Gulf region, including Art Basel's new fair in Doha.

flemish government eliminates m hka smak museum controversy

The Flemish government has announced a plan to close the Museum of Contemporary Art Antwerp (M HKA), Belgium's oldest contemporary art museum, and transfer its collection of around 8,000 objects to the S.M.A.K. in Ghent, which will be rebranded as the Flemish Museum of Contemporary and Current Art by 2028. The decision, part of a broader reform of Flanders' museum landscape, has sparked outrage: M HKA's board chairman Herman De Bode resigned, and staff published an open letter and launched a petition that gathered over 2,600 signatures, accusing the government of acting without transparency or consultation.

blaffer art museum curator fired jatovia gary canceled

The Blaffer Art Museum at the University of Houston has fired associate curator Erika Mei Chua Holum, leading artists Ja’Tovia Gary and Kenneth Tam to cancel or postpone their exhibitions. The turmoil follows the appointment of Laura Augusta as director and chief curator in 2024. According to a report in Glasstire, Holum was terminated in July over budget disputes she disputes, and Gary pulled her show after budget negotiations broke down. Tam’s exhibition was described as canceled by the artist but denied by the museum, while a show by Thania Petersen also faces uncertainty. The museum previously canceled a Guadalupe Maravilla presentation in February, citing construction concerns.

roberta smith interviews larry gagosian

Roberta Smith, the former New York Times co-chief art critic, interviews Larry Gagosian, the world's most famous art dealer, for Numero magazine. The conversation covers Gagosian's hands-on management of his 18 galleries, his admission of mistakes in closing locations in San Francisco and Geneva, and his view of his galleries as tryout spaces akin to off-Broadway. Gagosian shares anecdotes about his first Picasso purchase at Sotheby's for $900,000 (now worth $40 million), his early shows featuring David Salle and Warhol's Oxidation paintings, and his regret over selling Eli Broad's Basquiat skull painting for $80,000. Smith recalls attending Gagosian's first New York show in the 1970s, and the two reflect on their long, distant acquaintance.

mickalene thomas racquel chevremont harassment allegations

Artist Mickalene Thomas has been accused in a legal filing of fostering an abusive work environment and mismanaging funds involving her former romantic partner Racquel Chevremont. Chevremont, a model, curator, and reality TV star, filed a summons in the Supreme Court of the State of New York on August 8, alleging she was not properly compensated for work done for Thomas, that Thomas diverted significant funds and business opportunities, and that she subjected Chevremont to quid pro quo harassment and a hostile work environment. The summons states their romantic relationship ended in 2020 but their professional ties remained strained, and Chevremont is seeking $10 million in damages.

barbara guggenheim abigail asher lawsuit

Barbara Guggenheim Associates, Inc., a New York art advisory firm, is embroiled in legal conflict after founder Barbara Guggenheim and her longtime associate Abigail Asher filed dueling lawsuits in the Supreme Court of the State of New York. Guggenheim’s suit, filed in August but only recently reported by Artnet News, accuses Asher of diverting some $20.5 million in firm revenue for personal expenses, including rent, dinner bills, and home repairs, and alleges Asher wrongfully kept commissions from a Jean-Michel Basquiat artwork. Asher countersued, accusing Guggenheim of bullying, gaslighting, and using firm funds for personal costs like funeral expenses and luxury vehicles, while denying the financial misconduct claims. The lawsuits also involve the firm’s CPA, Robert Mandeltort, and Asher’s assistant, Jessica Lewis.

art detective arthur brand netherlands national archives

Arthur Brand, a self-proclaimed art detective, recovered 25 documents stolen from the Netherlands National Archives in 2015. The trove includes items on UNESCO’s Memory of the World Register, such as a 1602 report of the Dutch East India Company’s first meeting, a 1700 report of a visit to Mughal India’s Emperor Aurangzeb, and a ship’s log by 17th-century admiral Michiel de Ruyter. Brand was contacted after a person clearing an attic found the box and showed it to a former history professor. Brand took possession on condition of returning the documents to the National Archives, which had been unaware the items were stolen.

art market minute jul 14

Sotheby’s held Saudi Arabia’s first-ever international auction on February 8, 2025, in Diriyah, offering fine art and luxury items in a historic amphitheater. The event, led by auctioneer Oliver Barker, underscores the Gulf states’ rapid expansion in the art world, with major firms like Christie’s, Sotheby’s, and Art Basel launching new ventures in the region.

bill dilworth new york earth room caretaker dead

Bill Dilworth, the longtime caretaker of Walter De Maria's "The New York Earth Room," died on December 10, 2024, at age 70 from a stroke. His death was reported by The New York Times on Saturday. Dilworth tended the 1977 installation—280,000 pounds of dirt piled two feet high—for 35 years, from 1989 until his retirement in 2024. Managed by the Dia Art Foundation, the piece has been open to the public since 1980 and became a cult favorite, even inspiring a lookalike in a music video by pop star Lorde. Dilworth, an abstract painter, also maintained another De Maria work, "The Broken Kilometer," through his wife Patti, who served as its caretaker.

maya man art

Maya Man, an artist who earned her MFA from UC's Media Art program in 2023, is the subject of a conversation with critic Ben Davis. Her work *A Realistic Day in My Life Living in New York City* is the first commission for the Whitney Museum's 'On the Hour' program, appearing on the museum's website for 30 seconds each hour. Man also founded the experimental art space HEART in New York City, which operated briefly but left a significant impact on the online/offline art scene before closing earlier in 2025.