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tim blum gallery closure

Tim Blum, co-founder of the influential Los Angeles gallery Blum & Poe, announced the closure of the gallery last week. Blum, who took over after Jeff Poe left the business in 2023, cited personal burnout and a system-wide problem of over-expansion as reasons for the decision. In an interview with CULTURED editor-in-chief Sarah Harrelson, Blum reflected on his 35-year career, his role in building LA into an art-market capital, and his plans to stay involved in the art world in a new, alternative form.

Artists Spar Over Credit For A Dress Displayed In The Met’s ‘Costume Art’ Exhibition

London-based artist Anouska Samms has accused the Metropolitan Museum of Art's Costume Institute of exhibiting a dress that she claims is a counterfeit of her work in the ongoing "Costume Art" exhibition. The dress, titled Corpus Nervina 0.0, is credited solely to New York-based Israeli designer Yoav Hadari, but Samms alleges it closely resembles an earlier Nervina hair dress she co-developed with Hadari during their 2023 residency at the Lee Alexander McQueen Sarabande Foundation. Samms discovered the display via a social media post and has since spoken out, noting that a contract from their collaboration designated her as the sole owner of the intellectual property of the fabric. The Met has requested that the two parties resolve their dispute before the museum takes further action.

Which Country’s Art Market Came Out on Top in 2025?

The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.

adam lindemann too much art column

Adam Lindemann draws a parallel between the oversupply of wine and the current state of the art market, noting that too many galleries and artists are producing work while demand from collectors is slowing. He cites the glut of art fairs, particularly the 840 galleries exhibiting during Miami Basel week in December 2025, and quotes advisor Allan Schwartzman describing the market as "tired." Lindemann observes that even mega-trophies like Leonardo's *Salvator Mundi* are rare exceptions, and that museums are becoming more selective in accepting donations.

philip tinari leaves ucca beijing hong kong tai kwun

Philip Tinari is leaving his role as director and CEO of UCCA Center for Contemporary Art in Beijing after 14 years to become deputy director and head of art at Tai Kwun Culture & Arts in Hong Kong, starting February 23. He succeeds curator Pi Li, whose contract expires in February. Tinari oversaw UCCA's transition to a nonprofit museum in 2018 and its expansion with three new venues, including UCCA Dune, UCCA Edge, and UCCA Clay, while organizing major exhibitions of artists such as Henri Matisse, Pablo Picasso, Andy Warhol, Cao Fei, and Anicka Yi.

kerry james marshall jean michel basquiat sothebys

Sotheby's has announced two major consignments for its November marquee auctions in New York: Jean-Michel Basquiat's "Crowns (Peso Neto)" (1981), estimated at $45 million, and an untitled Kerry James Marshall painting from 2008, estimated at $10–15 million. The Basquiat, painted on Christmas night 1981, debuted at Annina Nosei Gallery and Documenta 7, and was previously owned by collectors Thomas Worrell and José Mugrabi before being consigned by French actor Francis Lombrail. The Marshall, depicting a couple embracing at sunset, was purchased on the primary market and has remained in the same collection, recently appearing at the Church in Sag Harbor with lender Neda Young.

philip falcone blce art loans picasso hirst ruling

The New York Supreme Court ruled against former hedge fund manager Philip Falcone in a case brought against pawnbroker BLCE over loans secured by artworks and a diamond ring. Judge Lyle E. Frank sided with BLCE's counter-claims of fraud and breach of contract, finding that Falcone made misrepresentations when securing loans with the same artworks—including pieces by Pablo Picasso, Damien Hirst, and Richard Prince—from multiple lenders. Falcone had claimed the ring was "wrongfully foreclosed," but the court determined he failed to raise genuine issues of material fact.

amid market uncertainty asian art posts standout results

A review of the top 20 auction lots sold globally in the first quarter of 2025 reveals that four of the five priciest works were either by Asian artists or sold in Asia, a shift from the dominance of Western works in London and New York during the same period in 2023 and 2024. Notable sales include a record-breaking Yuan dynasty calligraphy by Rao Jie at Sotheby’s Hong Kong for $32.2 million, Tyeb Mehta’s *Trussed Bull* setting an artist record at Saffronart in Mumbai, and M. F. Husain’s *Untitled (Gram Yatra)* becoming the first Indian Modern artwork to exceed $10 million at Christie’s New York. However, the total value of the top five lots fell to $73.7 million, down nearly 14% from 2024 and 46% from 2023, amid a broader downturn in Asian art sales, particularly in China.

frieze sells to hollywood kingpin ari emanuel in 200 million deal

Frieze, the art fair and media company, has been sold to Ari Emanuel, the former CEO of Endeavor, in a deal valued at around $200 million. The acquisition, reported by the Financial Times, covers Frieze's seven global fairs, its magazine, and its London exhibition space, No. 9 Cork Street. Emanuel, who stepped down as Endeavor CEO in March following the $25 billion acquisition of the conglomerate by Silver Lake, will own Frieze through a new company backed by a consortium of investors. Simon Fox will remain CEO, and the deal is expected to close in the third quarter of 2025.

Who Do Chicago’s Art Fairs Serve?

Expo Chicago and its satellite fairs serve as a complex barometer for the Midwestern arts ecosystem, highlighting both the successes of local representation and the tensions of institutional growth. While galleries like Andrew Rafacz and Corbett vs. Dempsey demonstrate viable career paths for Chicago-based artists like Melissa Leandro and Gabrielle Garland, the fair's shifting structure reveals a narrowing field for smaller nonprofits.

Sotheby’s Posts $433 Million Haul, as Trophy Lots Continue to Carry the Market

Sotheby's May 2025 evening auctions in New York generated $433.1 million, a 132.7% increase over the same sales last spring, despite offering fewer lots. The evening featured an 11-lot sale from the collection of the late banker-turned-dealer Robert Mnuchin, which alone brought in $166.3 million, led by Mark Rothko's "Brown and Blacks in Reds" (1957) selling for $85.8 million. The main contemporary art auction, including "The Now" sale, totaled $266.8 million, with over 80% of lots guaranteed. Four works went unsold and one was withdrawn, yielding a 91% sell-through rate.

hamptons jewelry show 2025

The Hamptons Jewelry Show (HJS) returns July 24–27, 2025, in Southampton, New York, for its eighth edition. The event brings together 80 brands, dealers, and artisans from around the world, offering high-end jewelry including signed pieces from Cartier, Bulgari, Van Cleef & Arpels, and David Webb. Curator Hilary Joy Diaz and founder Rick Friedman emphasize the show's direct-to-customer model, where collectors meet makers and dealers face-to-face, contrasting with traditional retail and art fair models.

‘Vandalised, disembowelled and dismembered’: Artist Jack Milroy gives books a brutal treatment with beautiful results

The artist Jack Milroy has launched a new solo exhibition titled 'Bibliophilia' at Shapero Modern in London, featuring his signature 3D cut-out artworks. The 87-year-old artist transforms books and everyday objects, such as sardine tins, into intricate sculptures where illustrated figures like birds and fish appear to escape their physical confines. The show marks Milroy's first collaboration with the gallery, which is uniquely situated beneath an antiquarian bookshop, providing a thematic contrast between preserved rare volumes and Milroy’s "vandalised" artistic interpretations.

Working as an Artist in Hong Kong (Michelle Fung)

Michelle Fung reflects on the realities of working as an artist in Hong Kong, dispelling the romantic myth of the bohemian artist. She describes the city's high cost of living, lack of affordable studio space, and the need for artists to take on multiple jobs—from teaching to selling secondhand handbags—to survive. Fung notes that while Hong Kong offers a vibrant art scene with over 70 galleries and a dozen museums, most artists cannot rely on gallery sales alone. She also critiques the Hong Kong Arts Development Council's grant system, which covers project expenses but provides minimal artist fees, contrasting it with more generous systems in Canada and the Netherlands.

Art in Wisconsin: A Guide for Collectors, Curators and the Curious

This article, written by Brian Hieggelke, serves as an editorial introduction to a special issue focused on the visual art scene in Wisconsin. It contrasts the state's art world with that of neighboring Illinois, highlighting Wisconsin's unique, friendly quirkiness and its abundance of self-taught artists. The piece recounts a visit to the inaugural Door County Contemporary art fair in Fish Creek, noting the small scale but immense charm, and the multi-hyphenate nature of Wisconsin's art players who are simultaneously artists, gallerists, and writers. The article then provides a table of contents for the issue, covering topics from the Kohler Arts Residency to the Wisconsin Museum of Quilts and Fiber Arts, and introduces several contributors including artists, writers, and educators.

Art Dubai Downsizes Dramatically as War Reshapes Plans

Art Dubai has announced a significantly scaled-back 20th-anniversary edition, reducing its exhibitor list by 57 percent following regional conflict and logistical disruptions. Originally scheduled for April, the fair has been postponed to May 15–17 at Madinat Jumeirah and will now feature only 50 galleries, with a heavy emphasis on regional participants. To support dealers during this period of uncertainty, organizers have implemented a "risk-sharing" booth fee model where galleries pay a percentage of sales capped at their original fee.

enzo art fair r parmar interview

Collector R Parmar has launched Enzo Art Fair, a new boutique satellite fair debuting during Frieze Week Los Angeles in Echo Park. Hosted at Parmar’s Alabaster Projects warehouse, the fair features nine New York-based galleries, including Magenta Plains and Silke Lindner, and operates on a non-traditional, cost-free model for both exhibitors and attendees.

frieze launches new seoul space

Frieze has announced the launch of Frieze House Seoul, a year-round exhibition and project space in the Yaksu-dong neighborhood, set to open alongside the fourth edition of Frieze Seoul from September 3 to 6, 2025. Housed in a four-story building dating from 1988, the venue will host short-term gallery residencies, special projects, and curated exhibitions beyond the fair dates, and features a permanent site-specific installation by SANAA founders Kazuyo Sejima and Ryue Nishizawa. The news comes as Frieze works to extend its five-year partnership with Kiaf, the fair run by the Galleries Association of Korea, which began in 2022 and is set to expire in 2026.

art market price increase 2025

The article examines the paradox of rising art prices despite a contracting market. The global art trade shrank by 12% in 2024, according to the Art Basel/UBS Art Market report, and financial volatility from trade wars has further depressed conditions. Yet dealers resist lowering prices, fearing that doing so would signal decreased value. Collectors like Jeff Magid argue that entry-level prices—often tens of thousands of dollars—are shutting out new buyers, and artists sometimes must leave their galleries to restart at lower price points. The upcoming Frieze New York fair will test whether this pricing strategy holds.

are museums spending enough marketing new report

A new report from Remuseum, an initiative of the Crystal Bridges Museum of American Art funded by collector David Booth and the Ford Foundation, reveals that American museums are struggling with post-pandemic visitation declines and rising costs, yet they invest less than three percent of their operating budgets on marketing—comparable to mining and construction industries. The report contrasts historical resistance to marketing, exemplified by former Met president William Luers, with the Getty's Harold Williams, who embraced it. Case studies from the Art Gallery of Ontario and the Peabody Essex Museum show how museums can use audience personas to boost attendance, but current spending remains far below the 13.9 to 18.7 percent of revenues that consultant Colleen Dilenschneider says is needed to reach full market potential.

new advisory artist money matters

A new financial consultancy called Artist Money Matters has launched in London, specifically designed to serve artists. Founded by artist and former finance executive Victoria Helena, the firm offers services including pricing advice, contract review, tax preparation, cash-flow planning, and guidance on grants and studio sustainability. It aims to provide artists with the business tools often missing from their education.

roman road lize bartelli the hour of the star

London's Roman Road gallery presents "Lize Bartelli: The Hour of the Star," the artist's third solo exhibition, opening January 23, 2026, at Pipeline Contemporary as part of the Visiting Curators Initiative. The show features 14 new paintings that explore feminine expression, identity, and the tension between becoming and performing the self, drawing inspiration from Clarice Lispector's 1977 novel of the same name. Bartelli's graphic style reduces subjects to elemental forms, with red emerging as a structural color that embodies contradiction.

derek jeter red grooms sculpture

Miami-Dade County has granted permission to the Miami Marlins, led by CEO Derek Jeter, to move Red Grooms's massive kinetic sculpture *Homer* from its original location inside Marlins Park to a new outdoor plaza called the Marlins Park Art Walk. The 73-foot-tall, $2.5 million artwork, which activates with water jets and spinning figures after every Marlins home run, has been opposed by the 81-year-old artist, who argues the un-weatherized piece will be damaged by the elements. Grooms and his wife have publicly appealed to keep the sculpture in place, but the county's Art in Public Places board approved the relocation, with the team facing a $2,000-a-day fine if the work is not reinstalled by January 1, 2020.

David Hockney | THE DOG SHOW (ca. 1990) | Available for Sale

An authorized David Hockney exhibition poster titled "THE DOG SHOW" (ca. 1990) has been made available for sale through MK Contemporary Ltd via the Artsy platform. The work is an offset lithograph measuring approximately 28 by 19 inches and features Hockney's signature aesthetic, including his distinct handwriting and playful use of shadows and light.

A landmark free David Hockney exhibition is opening in London this week

The Serpentine in London is set to open a major free exhibition titled 'David Hockney: A Year in Normandie and Some Other Thoughts About Painting' on March 12, 2026. The centerpiece of the show is a 90-meter-long iPad painting composed of 220 panels that document the changing seasons in the artist's French garden during the pandemic. In addition to this monumental digital work, the exhibition will debut five new still lifes and five new portraits of the artist's inner circle.

A vocabulary of touch: exhibition of sculpture by blind and partially blind artists opens in Leeds

The Henry Moore Institute in Leeds has opened "Beyond the Visual," the first major UK exhibition of sculpture centered on blind and partially blind artists and curators. Co-curated by Ken Wilder, Aaron McPeake, and Clare O'Dowd, the show features works by 16 international artists including Henry Moore, Barry Flanagan, Lenka Clayton, Emilie Louise Gossiaux, David Johnson, and others. The exhibition prioritizes touch, sound, and sensory engagement, with all objects available to handle, textured flooring mats, high-contrast signage, and audio descriptions. It includes new commissions such as David Johnson's "Nuggets of Embodiment" (2024-25), made of 10,000 stone-plaster Digestive biscuits with Braille text.

A gold toilet and the most expensive modern artwork ever sold at auction boost the New York market

Sotheby's New York held a landmark auction evening on November 18, 2025, featuring two headline-grabbing lots: Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914-16), which sold for $236.4 million, becoming the most expensive modern artwork ever sold at auction, and Maurizio Cattelan's solid-gold toilet 'America', which sold for a disappointing $12.1 million after a single bid. The Klimt came from the collection of the late cosmetics heir Leonard Lauder, whose two-night auction total reached $527.5 million. The toilet, previously owned by investor Steve Cohen, had been commissioned when gold prices were far lower, ensuring the seller a profit regardless of the modest bidding.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.

Fondation Louis Vuitton in Paris opens epic Gerhard Richter retrospective

The Fondation Louis Vuitton in Paris is opening a massive retrospective of Gerhard Richter's work, featuring 275 pieces spanning his entire career from the 1960s to recent ink-cloud drawings. Curated by Dieter Schwarz and Nicholas Serota at Richter's own suggestion, the exhibition is strictly chronological and occupies over 3,000 square meters of Frank Gehry-designed gallery space. It includes iconic works like *Uncle Rudi* (1965) and *Table* (1962), alongside very recent small-scale drawings, and draws from both public and private collections.

After 50 years, LA Louver is closing its gallery in Venice, California

LA Louver, the longest-running gallery in Los Angeles, is closing its Venice, California space after 50 years in business. Founder Peter Goulds, who turns 77 next month, is transitioning the gallery into a private dealing model with pop-up exhibitions from its Jefferson Boulevard warehouse in West Adams. The Venice space will be listed for sale but remain open by appointment to sell inventory. The gallery is also donating its extensive archive to the Huntington Library in San Marino, which includes papers of writers like Octavia Butler and Christopher Isherwood.