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art market minute jul 28

Artnet News reports that AI-generated artworks are achieving record prices at art fairs and auction houses, with increasing presence in major exhibitions like the Digital Art Mile during Art Basel and a dedicated AI art auction at Christie's. The article features commentary from Artnet's European news reporter Jo Lawson-Tancred, who discusses how artificial intelligence is transforming both the market and business practices in the art world, while noting lingering concerns about market readiness and ethics.

samherji odee copyright case

A London high court has upheld a previous ruling against Icelandic artist Oddur Fridriksson, known as Odee, ordering him to surrender ownership of his conceptual artwork *We’re Sorry* (2023). The work consisted of a website impersonating Samherji, Iceland’s largest fishing company, and featured a fake apology for the company’s role in the 2019 “fishrot” corruption scandal. Judge Anthony Mann rejected Odee’s final appeal, affirming that the artwork constituted copyright infringement, trademark infringement, and malicious falsehood. The artist must now hand over control of the domain samherji.co.uk to the corporation.

uk high court rejects artists final appeal after he issued fake apology for fishing firms alleged role in fishrot scandal

The UK High Court has rejected a final appeal by Icelandic artist Oddur Eysteinn Friðriksson, known as ODEE, to retain ownership of his conceptual artwork *We're Sorry* (2023), a fake website that mimicked Iceland's largest fishing company Samherji and apologized for its alleged role in the Fishrot corruption scandal. Judge Anthony Mann upheld a previous order requiring ODEE to surrender control of the domain, ruling that the site was not a parody and constituted an instrument of fraud, thus not protected under Article 10 of the Human Rights Act.

banksys migrant child removed from venice

A fading Banksy mural titled *Migrant Child*, painted on a palazzo in Venice during the 2019 Venice Biennale, was removed from its wall late Wednesday night by a conservation team led by Federico Borgogni. The piece, which shows a child in a lifejacket holding a pink smoke flare, had suffered water damage and salt exposure. The restoration is financed by Banca Ifis, a Venice-based bank, which plans to display the work at free cultural events after conservation. The removal proceeded despite earlier criticism from artists and activists who argued that the work's decay was integral to its meaning.

eames house restored reopened

The Eames House, designed by Charles and Ray Eames in the late 1940s in Los Angeles's Pacific Palisades, has reopened after a six-month closure due to smoke damage from the January 2025 wildfires. The property was saved from destruction partly because hundreds of surrounding trees were removed in 2024. The restoration has expanded visitor access, opening the studio for the first time, which will host exhibitions on the house's evolution and contemporary design influences. The first exhibition may focus on community rebuilding after the fires.

hieronymus bosch garden of earthly delights why important

The article examines Hieronymus Bosch's masterpiece "The Garden of Earthly Delights" (c. 1490–1510), explaining that while modern viewers often call it surreal, the term is an anachronism; the painting reflects a medieval worldview where damnation and divine order were accepted realities. It describes the triptych's structure, its likely commission by Engelbert II, Count of Nassau, and its narrative flow from grisaille exterior to vivid interior panels depicting Eden and hell. The piece also notes how 20th-century Surrealists like André Breton and Salvador Dalí claimed Bosch as a precursor, with Dalí directly borrowing motifs from the painting.

ronald perelmans 410m trial finally begins

Billionaire collector Ronald Perelman's $410 million insurance trial has finally begun after seven years of litigation, over 1,500 court filings, and a 2018 fire at his East Hampton estate. The dispute centers on five paintings by Cy Twombly, Ed Ruscha, and Andy Warhol that survived the fire but were exposed to smoke and sprinklers. Perelman claims the works lost their market appeal—their "oomph"—while insurers at Lloyd's of London dispute any detectable damage and allege Perelman quietly tried to sell some of the pieces. The trial has also revealed that Perelman sold over 70 works from his collection after a margin call from Deutsche Bank, with some contested paintings used as collateral.

global auction sales h1 2025 arttactic analysis

Global auction sales at Christie’s, Sotheby’s, and Phillips fell 6.2% in the first half of 2025 compared to the same period last year, while the number of lots sold rose 1.3%. ArtTactic’s analysis reveals significant category shifts: post-war and contemporary art dropped 19.3% to $1.22 billion, impressionist and modern art fell 7.7% to $989.5 million, and luxury sales were nearly flat. In contrast, Old Masters surged 35.6% to $171.2 million, and design, decorative arts, and furniture rose 20.4% to $172 million. The decline in high-value trophy lots, including the withdrawal of Andy Warhol’s *Big Electric Chair* and Alberto Giacometti’s *Grande tête mince*, contributed to the slump in contemporary sales.

nadya tolokonnikova interview police state la moca

Nadya Tolokonnikova, cofounder of Pussy Riot, has created a performance installation titled "Police State" (2025) at the Museum of Contemporary Art in Los Angeles (LA MOCA). The work recreates a Russian jail cell where Tolokonnikova performs daily activities—making music, creating art, and resting—observed by visitors via security camera footage and peepholes. The installation also features artworks by current and former political prisoners from Russia, Belarus, and the United States, curated through Tolokonnikova's Art Action Foundation and the Artistic Freedom Initiative. Originally scheduled for June 5–14, the show was extended due to the museum's closure amid anti-ICE protests and National Guard deployment.

man ray rediscovered

A rediscovered watercolor sketch by Man Ray, created in 1913 when he was in his early twenties, has resurfaced after decades in an attic and sold for £18,000 ($24,000) at Dreweatts auction house in Newbury, England, on July 10. The work, titled *Nude Playing Musical Instrument [Study for “Tapestry Painting”]*, is a preparatory study for a lost larger oil-on-linen tapestry and offers rare insight into the artist's pivotal transition from traditional painting to avant-garde experimentation inspired by European modernism encountered at the 1913 Armory Show.

manhattans beloved elizabeth street garden is saved

New York City has abandoned plans to demolish Soho's Elizabeth Street Garden for affordable housing, instead rezoning three nearby sites to build 620 units while preserving the garden. The deal, brokered with council member Christopher Marte—a former garden volunteer—ends a years-long campaign backed by celebrities like Martin Scorsese, Robert De Niro, and Patti Smith, as well as artists JR and Dustin Yellin and curator Klaus Biesenbach. The garden, filled with antique architectural remnants, was created by the late Allan Reiver and his son Joseph Reiver, who continued the fight after Allan's death in 2021.

canaletto walpole heads to christies auction

Canaletto's painting "Venice, the Return of the Bucintoro on Ascension Day" (1731–32) sold for £31.9 million ($43.9 million) at Christie's Old Masters evening sale in London, setting a new auction record for the Italian painter. The work, which once hung in the offices of Britain's first prime minister Robert Walpole, surpassed its presale estimate of £20 million and is the largest Canaletto composition to appear at market in two decades, noted for its exceptional preservation and execution during the artist's career peak.

lorde virgin vinyl photograph talia chetrit

A revealing photograph of singer Lorde from the vinyl edition of her new album *Virgin* has gone viral, sparking debate on social media. The image, credited to artist Talia Chetrit, shows Lorde in see-through pants without underwear, echoing the album's cover—an X-ray of her pelvis by Heji Shin. Chetrit, known for exploring power dynamics and sexuality in her work, previously photographed Lorde for a single cover. The photo has drawn comparisons to Chetrit's earlier self-portraits and has been discussed in the context of nudity and illusion in art.

marie antoinette pink diamond christies

A 10.38-carat fancy purple-pink diamond known as the Marie-Thérèse diamond, linked to Marie Antoinette's only surviving child, sold for $14 million at Christie's New York on June 17, far exceeding its $3–5 million estimate. The jewel, reworked by Joel Arthur Rosenthal into a ring with a fleur-de-lis motif, was originally part of a tiara and passed through generations of European royalty before being sold at Sotheby's Geneva in 1996. The auction also featured the Blue Belle, a sapphire necklace estimated at $8–12 million.

curator andrea von goetz alps

Curator, collector, and artistic director Andrea von Goetz founded Sommer Frische Kunst in 2011 as a humble artist-led retreat in Bad Gastein, Austria, housed in the historic Kraftwerk am Wasserfall building. Over 15 years, the initiative has grown from a small artist-in-residence program into an internationally recognized contemporary art festival at 1,000 meters above sea level, featuring major exhibitions, public art projects, and its own art fair, art:badgastein. The 2025 anniversary is marked by a reunion exhibition titled "Welcome back!" co-curated with Dr. Silvie Aigner.

28 years later antony gormley angel of the north

The article examines the appearance of Antony Gormley's iconic 1998 sculpture *Angel of the North* in the zombie film *28 Years Later*. The Cor-Ten steel work, which towers 66 feet tall near Gateshead, appears in an overgrown field as a symbol of post-apocalyptic abandonment, reflecting the film's themes of failed quarantine and societal collapse. Director Danny Boyle and screenwriter Alex Garland use the sculpture to critique conservative British politics, with the film's ending making explicit reference to a British celebrity posthumously accused of rape.

carlos agredano fume los angeles nomadic art division

Artist Carlos Agredano, who grew up near the 105 Freeway in Lynwood, California, has created a traveling sculpture titled "FUME" (2025) that uses air quality sensors mounted on his 1992 Toyota Pickup to measure pollution from vehicle exhaust and ambient air. The work was exhibited at the Los Angeles Nomadic Art Division (LAND) and is part of Agredano's broader practice examining how the LA freeway system has harmed working-class communities of color through toxic drift and destructive urban planning. His research draws on sources including Eric Avila's book "Folklore of the Freeway" and studies from UCLA's Center for Occupational & Environmental Health.

lempicka rafaela nude auction

Tamara de Lempicka's portrait of her lover, *La Belle Rafaëla* (1927), sold for £7.47 million ($10.05 million) at Sotheby's London Modern and Contemporary Evening Sale on June 24. The work, estimated at £6–9 million, hammered just above its low estimate to a buyer in the room. It had last appeared at auction in 1985, when it sold for $242,000, then a record for the artist. The painting depicts Rafaëla, a sex worker Lempicka encountered in Paris's Bois de Boulogne, who became her lover and muse.

banksy mural lawsuit bethnal green

A legal dispute has erupted over a Banksy mural, *Yellow Lines Flower Painter* (2007), painted on the Bethnal Green Working Man’s Club in east London. The club’s trustees have filed a lawsuit against employee Warren Dent and others, alleging the work was illegally removed and put up for sale in the US. The mural, depicting a workman and a giant flower emerging from double-yellow lines, is currently in Colorado. The club’s former accountant claims secretary Stephen Smorthit agreed to sell the piece to Dent for £20,000 in 2019, after which art restorer Chris Bull removed it and later loaned it to his father’s gallery in Aspen. The trustees argue they never authorized the sale and are demanding the work’s return.

david lynch collection auction

A collection of 450 objects owned by the late filmmaker David Lynch was auctioned by Julien's Auctions, achieving a white-glove sale totaling $4.25 million. The top lot was a group of scripts from Lynch's unrealized film project *Ronnie Rocket: The Absurd Mystery of the Strange Forces of Existence*, which sold for $195,000. Other notable sales included scripts for *Mulholland Drive* ($104,000), *Twin Peaks* pilot ($91,000), and *Twin Peaks: Fire Walk with Me* ($78,000), as well as Lynch's director chair ($91,000), a personal 35mm print of *Eraserhead* ($52,000), and his La Marzocco espresso machine ($45,500).

frank lloyd wright hollyhock house facing closure city cuts

Hollyhock House, Frank Lloyd Wright's Los Angeles masterpiece, faced potential closure after Mayor Karen Bass proposed a budget on April 21 that cut $283,000 in city funding and eliminated three of four staff positions, threatening its operations and UNESCO status. The Department of Cultural Affairs warned the cuts would make the property inoperable, but after advocacy from the Frank Lloyd Wright Building Conservancy and others, Bass fully restored funding, allowing the house to retain its two full-time staff and UNESCO designation.

graham gund architect art collector dead

Graham Gund, an architect and prominent art collector, died on June 6 at age 84. With his wife Ann, he built a significant contemporary art collection featuring works by Pablo Picasso, Kenneth Noland, Kiki Smith, Christo and Jeanne-Claude, and Richard Serra. Gund designed and funded the Gund Gallery at Kenyon College, his alma mater, and was a longtime patron of the Museum of Fine Arts Boston, where a gallery and the directorship endowment bear his name. He appeared multiple times on the ARTnews Top 200 Collectors list.

jeffrey deitch sunk low hee280s curating douchebag property developers coney island

Jeffrey Deitch is co-curating a street art exhibition in Coney Island this summer with Joseph Sitt, head of real estate developer Thor Equities. The show features artists including Crash, Lee Quinones, Futura, Kenny Scharf, Miss Van, Lady Pink, Swoon, and Icy Signs, and will debut alongside Smorgasburg Coney Island with 12 food vendors and live music. Deitch previously organized the controversial 2011 exhibition "Art in the Streets" at the Los Angeles Museum of Contemporary Art, which drew large crowds but faced criticism for prioritizing entertainment over scholarship, and included the censorship of a mural by Blu.

francois xavier lalanne rhinoceros bar sothebys

Sotheby's design sale in New York achieved the second highest auction price ever for a work by French artist François-Xavier Lalanne, with his monumental sculpture desk *Grand Rhinocrétaire II* (1964) selling for $16.4 million—more than triple its $5 million high estimate. The piece, which opens into a fully functional writing desk, sparked a 13-minute bidding battle. Just weeks earlier, another Lalanne work, *Bar aux Autruches* (1967–68), sold for €11.1 million at Sotheby's Paris. The all-time record for Lalanne remains $19.4 million for *Rhinocrétaire I*, sold at Christie's Paris in 2023.

moca los angeles closed anti ice protests

The Museum of Contemporary Art Los Angeles (MOCA) has closed its Geffen Contemporary space through the weekend due to nearby anti-ICE protests and increased military activity, including National Guard deployment. The closure affects an Olafur Eliasson exhibition and has postponed a durational performance by Pussy Riot's Nadya Tolokonnikova, who turned part of the venue into a prison cell-like installation. The protests began after ICE raids in Los Angeles, leading to arrests, a curfew, and vandalism of MOCA's facade.

new institute of sexology celebrates history of erotic art film photography

The Wellcome Collection in London has opened a new exhibition titled "The Institute of Sexology," celebrating the history of erotic art, film, and photography. The show features a wide range of objects including archival material, ethnographic and medical artifacts, erotica, and works by contemporary artists such as John Stezaker, Sharon Hayes, Zanele Muholi, and Timothy Archibald. It highlights pioneers of sexology like Sigmund Freud, Alfred Kinsey, and Marie Stopes, and marks the first exhibition after the institution's £17.5 million expansion, inaugurating a new gallery for large, year-long shows.

the gates christo jeanne claude

Artist duo Christo and Jeanne-Claude developed 'The Gates' for New York City's Central Park in 1979, but the project faced over two decades of bureaucratic hurdles before finally being installed in 2005 under Mayor Michael Bloomberg. The work consisted of 7,503 steel gates with orange nylon fabric along 23 miles of pathways, using 5,390 tons of steel. Now, on its 20th anniversary, a comprehensive survey titled 'Christo and Jeanne-Claude: The Gates and Unrealized Projects for New York City' is being held at the Shed, accompanied by an augmented reality experience via the Bloomberg Connects app.

eureka max ernst grattage technique

The article explores how German Surrealist Max Ernst developed the techniques of frottage and grattage in the mid-1920s. Frottage—rubbing paper over textured surfaces like floorboards, leaves, and netting—allowed Ernst to create spontaneous, unconscious imagery, culminating in his 1926 publication *Natural History*. He later adapted the method to canvas as grattage, scraping layers of paint over textured materials to reveal abstract forms, drawing on influences from Leonardo da Vinci and memories of his childhood in the Rhineland.

lost turner auction sothebys london

One of J.M.W. Turner's earliest oil paintings, *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol*, painted when he was 17, will be auctioned at Sotheby's London with an estimate of £200,000–£300,000. The work had been misattributed for decades and sold last year at Dreweatts for just £600–£800 as a work by a follower of Julius Caesar Ibbetson, before cleaning revealed Turner's signature. The painting was originally exhibited at the Royal Academy in 1793 and had not been publicly displayed for 167 years.

citigroup mexico bank

Citigroup is selling its Mexican retail banking operation, Citibanamex, along with a collection of approximately 2,000 Mexican artworks dating from the 18th century to the present. The collection includes works by Frida Kahlo, Diego Rivera, José Clemente Orozco, Leonora Carrington, and Remedios Varo, and is considered the most important private painting collection in Mexico. Citibanamex has stated the collection is an integral and indivisible part of the sale and will not be sold separately.