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A Calibrated Market: How 2025 Shaped the Landscape for Collectors in 2026

The article analyzes the art market in 2025, describing a year of divergence rather than a single trend. While aggregate sales remained below post-pandemic peaks, the year ended with a billion-dollar New York auction week, a record-setting Klimt portrait, and strong demand for exceptional works. Segments like Old Master auctions and the $1 million–$10 million band saw growth, while the ultra-contemporary segment struggled. Key events included the May marquee auctions in New York, the second edition of Art Basel Paris, and November sales at Christie’s and Sotheby’s, which demonstrated a split-level market with record highs at the top and discipline elsewhere.

Former Guilford Student Selected For Prestigious Art Exhibition

Keoni Mcfee, a former Guilford High School student who graduated in 2025 and now attends the University of Hartford, has been selected for the 2025 AP Art and Design Digital Exhibition presented by the College Board. His artwork, drawn from his AP Drawing Sustained Investigation, explores the relationship between human growth and nature using mixed media, collage techniques, and wild-style graffiti. Mcfee is one of only 51 student artists chosen from over 82,000 portfolios submitted worldwide.

Art market 2025 review: all eyes on the Gulf as Trump destabilises global order

The global art market continued to contract in 2025, with prominent galleries such as Blum, Clearing, Sperone Westwater, Tilton, Kasmin, TJ Boulting, Project Native Informant, Nir Altman, and Altman Siegel closing due to challenging macroeconomic conditions. However, a rebound emerged at the top end by autumn, driven by Sotheby's white-glove sale of the Pauline Karpidas collection, strong VVIP sales at Art Basel Paris, and New York's November auctions, where Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.3 million and Frida Kahlo's *El Sueño (la cama)* (1940) for $54.7 million. Christie's and Sotheby's reported increased sales from 2024, with second-half auctions up 26% year-on-year, though recovery remains uneven and concentrated in classic secondary-market tastes.

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.

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Christie's and Sotheby's have released their projected global sales totals for 2025, with Christie's reporting $6.2 billion and Sotheby's $7 billion, both up from 2024 figures of $5.7 billion and $6 billion respectively. The Louvre remains closed due to an ongoing strike by staff that began Monday and continued after a Wednesday vote. Other news includes Artadia and United States Arts announcing a multi-year partnership, Tuan Andrew Nguyen selected for the High Line Plinth commission, and Catherine Telford Keogh winning the inaugural Jack Galef Visual Arts Award.

christies 2025 sales results analysis 1234767047

Christie's closed 2025 with $6.2 billion in projected global sales, a nearly seven percent increase from $5.8 billion in 2024 and in line with its 2023 total. Auction sales reached $4.7 billion, up eight percent year-over-year, while private sales held steady at $1.5 billion. The year's top lot was Mark Rothko's *No. 31 (Yellow Stripe)*, which sold for $62.1 million in New York. Other highlights include a record Picasso sale in Hong Kong ($25.4 million) and the Fabergé Winter Egg in London (£22.9 million). The house also saw strong performance from its automobiles business, Gooding Christie's, which delivered $234 million in sales. Geographically, the Americas grew 15 percent to $2.58 billion, while Asia-Pacific slipped 5 percent.

sothebys 2025 sales results analysis 1234767117

Sotheby's is projecting $7.0 billion in consolidated 2025 sales, a 17% increase over the previous year and the strongest result in the company's history. Auction sales rose 26% to $5.7 billion, driven by high-quality consignments including the Leonard A. Lauder Collection and a $236.4 million Klimt painting. Luxury sales climbed 22% to $2.7 billion, while RM Sotheby's surpassed $1 billion for the first time. The opening of Sotheby's new global headquarters at the Breuer Building was a commercial centerpiece, generating $1.17 billion in its inaugural week. The company also expanded rapidly in the Middle East, staging the first international auction in Saudi Arabia and launching Collectors' Week in Abu Dhabi.

Christie's and Sotheby's end 2025 with increased sales, thanks to luxury goods, trophy lots and private deals

Christie's and Sotheby's both reported increased total projected revenue for 2025, reversing two years of market decline. Sotheby's led with $7bn in global sales (up 17%), boosted by a record $236.3m sale of Klimt's *Portrait of Elisabeth Lederer* and strong luxury sales. Christie's posted $6.2bn overall (up 6%), with private sales accounting for 24% of revenue and Old Masters rising 24% year-on-year. Both houses saw significant growth in the second half of 2025 and continued expansion in luxury categories, though Asian art and Asia Pacific buyer spending declined at Christie's.

India’s Art Market Thrives on New Wealth, and a Whale

The article reports that India's art market is experiencing significant growth, driven by the emergence of new wealth and the presence of a major collector, referred to as a "whale." This surge is characterized by increasing auction sales and a rising demand for modern and contemporary Indian art, with notable activity from wealthy individuals and investors entering the market.

10 Galleries That Had a Breakout Year in 2025

The article highlights 10 galleries that achieved significant growth and recognition in 2025, despite a challenging market environment marked by tariffs and trade uncertainty. Featured galleries include Tokyo's CON__, which gained global visibility through standout presentations at Frieze Seoul and NADA New York; Munich and New York-based LOHAUS SOMINSKY, which debuted at Art Basel Miami Beach and opened a Tribeca outpost; and Chicago's Hans Goodrich, which quickly established itself with a cross-generational exhibition program and international fair appearances.

Comment | After a market shake up in 2025, it's time to create a right-sized art trade

The article reflects on the art market's turbulent 2025, marked by gallery closures, weak auction results, and canceled art fairs. Rather than viewing this as a collapse, the author argues it represents a necessary "right-sizing" of an industry that over-expanded during boom years. Key figures like Philip Hoffman of the Fine Art Group advocate for leaner, more agile business models, such as his new advisory firm New Perspectives Art Partners. Meanwhile, dealers in New York and Los Angeles are adapting through shared exhibition spaces and strategic mergers, including Marian Goodman Gallery hosting Jenkins Johnson Gallery and the formation of Hoffman Donahue.

This Gallery Has Championed Photography as Art for 50 Years

Blue Sky Gallery in Portland, Oregon, is celebrating its 50th anniversary as a nonprofit champion of photography as fine art. Founded in 1975 as the Oregon Center for the Photographic Arts by a collective of five co-founders—Ann Hughes, Bob DiFranco, Craig Hickman, Terry Toedtemeier, and Chris Rauschenberg—the gallery opened in a small storefront on Lovejoy Street when photography was not yet widely recognized in institutional spaces. It has never charged admission or application fees, relying on volunteer labor and a philosophy of free access. Over five decades, the gallery moved through three locations before settling in Portland's historic DeSoto Building, which it now owns.

lalanne hippopotamus bar 31 million record 2727425

A 1976 Hippopotamus Bar by François-Xavier Lalanne sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting a new auction record for the French artist. The hand-wrought copper, steel, and wood piece, commissioned by art patron Anne Schlumberger, is the only copper prototype from the series and features concealed compartments for bottle storage, ice bucket, and glassware. The sale was part of the Schlumberger collection, which also included a gold-patinated bronze armchair by Claude Lalanne that fetched $1 million and a pair of bronze gates that sold for $787,400.

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Art Basel Miami Beach 2025 opened amid cautious optimism following the $2.2 billion New York auctions, with Google co-founder Sergey Brin and WhatsApp co-founder Jan Koum spotted in Miami. Dealers reported strong sales, including an $18.5 million Joan Mitchell painting at Gray purchased by dealer Lillian Heidenberg. The fair introduced a new digital art section, Zero 10, sponsored by OpenSea and curated by Eli Scheinman, aimed at attracting crypto-wealthy collectors and younger audiences. Meanwhile, Art Basel hired Elena Soboleva, formerly of David Zwirner, as global head of audience growth and intelligence to engage the next generation of collectors.

work of the week pieter brueghel the younger 2724044

Pieter Brueghel the Younger's painting *The Census at Bethlehem* sold for £5.2 million ($6.9 million) at Sotheby’s Old Master and 19th Century Paintings evening auction in London on December 3, exceeding its £3 million low estimate. The unsigned, undated oil-on-panel work, kept in the same collection for nearly 40 years, was the third-highest seller of the night. The auction overall achieved £30.7 million ($40.5 million), led by Rembrandt's *Saint John on Patmos* at £6.8 million, and Sotheby’s reported a nearly 50% increase in its Old Masters division sales this year.

A decade on, Ilham Gallery continues to engage new audiences with meaningful art

Ilham Gallery in Kuala Lumpur, which opened in August 2015 with the exhibition 'Picturing The Nation,' has marked its tenth anniversary by reflecting on a decade of growth. Over 38 exhibitions across two gallery spaces, the institution has seen its audience expand dramatically—from 4,600 visitors for its first show to over 41,000 for the recent 'The Plantation Plot' (April–September 2025). Director Rahel Joseph notes that the largest demographic is now visitors aged 25 and below, driven by education programs, social media, and a shift toward regional and international collaborations with institutions like the National Gallery Singapore and MAIIAM Contemporary Art Museum. Upcoming projects include a video installation by South Korean artist Eunhee Lee, supported by the Han Nefkens Foundation.

Good praxis: How a former brothel became one of Adelaide's leading arts spaces - InReview

The article profiles praxis ARTSPACE in Adelaide, Australia, which was originally a former brothel and is now a leading arts space celebrating its tenth anniversary. Founded and directed by Patty Chehade, the space offers professional exhibition facilities for emerging and established artists, featuring a mix of one-person and thematic shows. Notable artists exhibited include Liz Butler, Dianne Longley, Olga Sankey, and Margaret Ambridge.

Frist Art Museum Celebrates 25th-Anniversary Year with Major Group Exhibition Spotlighting the Work of Nashville-Based Women Artists

The Frist Art Museum in Nashville is launching its 25th-anniversary year with a major group exhibition titled "In Her Place: Nashville Artists in the Twenty-First Century," on view from January 29 to April 26, 2026. The show features nearly 100 works by 28 Nashville-based women artists, including María Magdalena Campos-Pons, Alicia Henry, and Karen Seapker, and is cocurated by Sai Clayton, Katie Delmez, and Shaun Giles. It is part of the 2026 Tennessee Triennial for Contemporary Art and is accompanied by a catalogue published by Vanderbilt University Press.

ubs report billionaires spend more art antiques 1234765643

UBS's eleventh Billionaire Ambitions Report reveals that global billionaire wealth hit a record $15.8 trillion in 2025, with the number of billionaires rising 8.8% to nearly 3,000. The report, based on a survey of 87 ultra-wealthy clients, found that 27% plan to increase their investment in art and antiques, while 65% intend to maintain current levels—totaling 92% of respondents. Enthusiasm is strongest in Europe, the Middle East, and Africa (35% planning increases), followed by Asia-Pacific (25%), and weakest in the Americas (15%).

9 Up-And-Coming Gallerists Chart the Path To—and Beyond—Showing at Art Basel Miami Beach

Nine emerging galleries from around the world are showing in the Positions sector of Art Basel Miami Beach 2025, a dedicated platform for up-and-coming exhibitors. The article profiles several of these gallerists, including Allann Seabra and Ian Duarte of Verve in São Paulo, and Mauricio Aguirre of N.A.S.A.L. in Mexico City and Guayaquil. They discuss their gallery's growth, key milestones such as artists participating in the 36th Bienal de São Paulo, and their hopes for gaining international exposure and deepening understanding of their local art scenes.

leonora carrington les distractions de dagobert 2718627

In September 1945, exiled Surrealist painter Leonora Carrington completed her masterpiece *Les Distractions de Dagobert* (also known as *The Pleasures of Dagobert*), a densely layered canvas teeming with mythical figures, ritual fires, and medieval references. The painting, loosely inspired by the 7th-century Merovingian king Dagobert, depicts the monarch in a red robe on a cow-headed cart surrounded by enigmatic scenes. After a fierce 10-minute bidding war at Sotheby’s New York in May 2024, the work sold for $28.5 million to Argentine collector Eduardo F. Costantini, shattering Carrington’s previous auction record of $3.3 million. The painting is now on view at the Philadelphia Museum of Art as part of the exhibition “Dreamworld: Surrealism at 100,” the show’s only North American stop.

perez art museum miami fraklin sirmans florida arts cuts 1234764524

Pérez Art Museum Miami (PAMM) director Franklin Sirmans reflected on his decade-long tenure in an interview with the New York Times during Art Basel Miami Beach. He highlighted the museum's growth, including doubling its endowment (with 10% from the Fund for Black Art), expanding the collection to over 3,500 works, and launching digital initiatives like PAMM TV. Sirmans also criticized Florida Governor Ron DeSantis's 2024 veto of $32 million in arts funding, which left the state with zero arts funding for a period, though some funding was later restored.

hong kong fire arts groups asian art news 2721884

A devastating fire in Hong Kong's Tai Po neighborhood, which killed at least 151 people, has prompted a period of mourning and led several major cultural institutions to cancel or postpone public events. The Hong Kong Arts Festival and the Hong Kong Jockey Club Charities Trust cancelled a press conference for the "No Limits" program, while M+ rescheduled its "Night: Festive Play" event. Meanwhile, art fairs and galleries continue to announce developments: Kiaf Seoul will run concurrently with Frieze Seoul in 2026, Contemporary Istanbul will introduce a new Focus Asia section, and Art Basel Hong Kong 2026 will feature new sectors Echoes and Zero 10. In the market, On Kawara's "NOV. 27, 1984" sold for HK$8.5 million at Bonhams Hong Kong, and standout results were seen at Sotheby's Hong Kong.

want one of bob thompsons enigmatic paintings the best time to buy was yesterday 2707960

Artnet News reports on the rising market for African American painter Bob Thompson, who died at 28 in 1966 but produced thousands of works in a five-year span. His vibrant, narrative paintings—inspired by Old Masters, Greek mythology, and Modernism—have long influenced artists and curators, yet only recently commanded high auction prices. In 2024, all 16 lots offered sold, totaling $4 million, with a record $1.26 million for *Music Lesson* (1962) at Christie’s. The article traces his career from Louisville to Europe, his estate history with dealer Michael Rosenfeld, and current interest from collectors and institutions like the Whitney Museum and Smithsonian American Art Museum.

Concrete cars for coral reefs: Miami's underwater eco-sculpture park takes shape

The first phase of the Reefline project, an underwater sculpture park off the coast of Miami Beach, has been installed with 22 submerged concrete cars created by Argentine artist Leandro Erlich. The sculptures, titled "Concrete Coral" (2025), sit 20 feet below the surface and are designed to support coral regeneration and marine biodiversity. The project was developed by cultural placemaker Ximena Caminos with a masterplan by architect Shohei Shigematsu of OMA, and will expand over ten years to reach seven miles in length. Visitors can access the site via swimming, diving, or electric paddleboards, and a floating marine learning center is anchored nearby during Miami Art Week.

GMCVB’s Art of Black Miami rolls out major programming for 2025 Miami Art Week

The Greater Miami Convention & Visitors Bureau (GMCVB) has announced a full slate of programming for its Art of Black Miami (AOBM) initiative during 2025 Miami Art Week, marking the program's 11th year. The lineup includes exhibitions, performances, film screenings, culinary experiences, and artist talks, with highlights such as Asser Saint-Val's "Yellow Elder" sculpture in Coconut Grove and events at venues across neighborhoods including Historic Overtown, Little Haiti, and Little Havana. Featured events include the Peter London Global Dance Company, Woody De Othello's exhibition, the Point Comfort Art Fair, and the Museum of Contemporary Art North Miami's Art of Transformation program.

keith haring foundation simon castets 1234763470

The Keith Haring Foundation has appointed Simon Castets, a French American curator formerly of Luma Arles and the Swiss Institute, as its next executive director, effective January 12. Castets will oversee the foundation's collection of Haring's work, its archives, and its grant-making program, which disbursed $7.7 million in 2025, including major gifts to the Studio Museum in Harlem and Bard College's Center for Curatorial Studies. Upcoming exhibitions include a Brant Foundation show on Haring's early work and Crystal Bridges Museum's "Keith Haring in 3D."