stop making sense 2025 art market analysis 1234767291

The article analyzes the chaotic and contradictory state of the global art market in 2025, a year marked by extreme volatility following President Donald Trump's return to office. Key events include strong sales at Frieze Los Angeles in February, a record $13.8 million sale of a painting by M.F. Husain at Christie's, and a sharp downturn after Trump imposed sweeping tariffs on major trading partners. Major auctions in May fell far short of expectations, with only $837.5 million hammered against estimates of up to $1.6 billion. Meanwhile, Art Basel expanded with a new Qatar fair, but sales at Art Basel Switzerland dropped over 35% from 2024. The year also saw a wave of gallery closures, including the sunsetting of Blum & Poe.

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The article reports that the top tier of the art auction market rebounded strongly in 2025, with the ten most expensive lots totaling $757.1 million, a 48% increase from 2024. Gustav Klimt became the top-selling artist, driven by the sale of his *Portrait of Elisabeth Lederer* (1914–16) from the collection of the late Leonard Lauder, which was the most expensive artwork of the year. The rankings saw significant shifts: René Magritte, the top artist in 2024, fell to sixth place, while blue-chip names like Pablo Picasso, Andy Warhol, and Jean-Michel Basquiat strengthened their positions. Notably, no women or living artists appeared among the top 20 sellers in 2025, a reversal from the previous year when Yayoi Kusama and Joan Mitchell were present.

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The Centre Pompidou in Paris has opened "Paris Noir: Artistic circulations and anti-colonial resistance 1950–2000," a landmark exhibition featuring 350 works by 150 largely underrecognized Black artists active in postwar Paris. The show includes paintings, sculptures, films, photographs, and archival materials, highlighting artists such as Georges Coran, Ed Clark, Beauford Delaney, Mary Lovelace O’Neal, and Ming Smith, and explores themes of Afro-Atlantic abstraction, Surrealism, anti-colonial activism, and jazz's influence on visual art.

Jasper Johns Keeps Looking

Jasper Johns’s latest exhibition at Gagosian, 'Between the Clock and the Bed,' serves as a profound meditation on the artist's career-long investigation into the 'things the mind already knows.' By revisiting his signature motifs—including flags, targets, and crosshatch patterns—the show highlights Johns’s rejection of Abstract Expressionist spontaneity in favor of a deliberate, analytical process using encaustic and collage. The works document a transformation where familiar symbols are rendered into a complex visual language that bridges the gap between memory and physical presence.

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Swiss artist Jean Tinguely, born 100 years ago on May 22, 1925, is celebrated in a centenary retrospective at Pirelli HangarBicocca in Milan. Known for his kinetic sculptures—clattering, motorized assemblages of cogs, wheels, and found objects—Tinguely emerged from Dada influences in Basel and Paris to become a leading figure of kinetic art. His work satirizes technological reliance and explores themes of mortality, often incorporating animal skulls and planned explosions. Major retrospectives at the Stedelijk Museum (2016) and Pirelli HangarBicocca (2024) have revived interest in his oeuvre.

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On the 100th anniversary of Surrealism, the article highlights the belated recognition of Leonor Fini (1907–1996), a self-taught artist who rejected labels such as 'Surrealist' or 'woman artist.' Despite her insistence on being seen simply as an artist, her sensual, mythological paintings are gaining renewed attention. Fini debuted in 1929, was featured in the 2022 Venice Biennale, and had a solo exhibition at Kasmin gallery in New York. Her market high came in 2021 when a self-portrait sold for $2.3 million at Sotheby's, and her work is now included in the centennial surrealist show 'Imagine!' at the Royal Museum of Fine Arts in Belgium.

Backflips, boulders and dancing dogs: the images that shaped art photography – in pictures

A new exhibition at the Princeton University Art Museum, titled "Photography as a Way of Life," celebrates the photographers who helped establish art photography as a serious movement from the 1940s to the 1970s. The show features works by Minor White, Aaron Siskind, Harry Callahan, and others, including images by Ming Smith, Donna-Lee Phillips, and Walter Chappell. The exhibition runs until September 7 and highlights how these educators and artists transformed photography's role in both the art world and higher education.

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The article details the career of artist Grace Hartigan, who by 1954 had overcome self-doubt and gained critical and commercial success with her bold, figurative-abstraction paintings. It recounts her solo exhibitions at Tibor de Nagy, acquisitions by MoMA and the Whitney, and her defiance of critic Clement Greenberg. The piece then focuses on a new exhibition at the North Carolina Museum of Art, "Grace Hartigan: The Gift of Attention," curated by Jared Ledesma, which explores how her relationships with avant-garde poets like Frank O'Hara and Barbara Guest shaped her work and provided a sense of belonging in the downtown New York scene.

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On September 9, 2015, Queen Elizabeth II became the longest-reigning monarch in British history, surpassing Queen Victoria. To mark the occasion, the Royal Collection opened a photography exhibition titled “Long to Reign over Us,” featuring posed portraits and casual family shots of the Queen. Artnet News compiled 30 favorite photos and paintings of the monarch, including works by Cecil Beaton, Andy Warhol, and royal photographer Mark Stewart, highlighting her decades-long reign and her ease in front of the camera.

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The Museum Brandhorst in Munich has opened "Five Friends," a major exhibition exploring the interconnected creative and personal relationships among John Cage, Merce Cunningham, Jasper Johns, Robert Rauschenberg, and Cy Twombly. Spanning 180 works from the late 1940s through the 1970s, the show includes paintings, sculptures, costumes, musical scores, photographs, and letters, beginning with Cage's silent composition 4'33" and Rauschenberg's White Painting. It is the first exhibition to bring these five figures together, drawing on loans from Cologne's Museum Ludwig and U.S. institutions, and coincides with the centenary of Rauschenberg's birth.

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Blanche Lazzell (1878–1956), a pioneering American Modernist artist and printmaker largely forgotten today, is featured in the exhibition “Herself: American Artists of the 20th Century” at New York’s Lincoln Glenn Gallery. The show brings together 30 women artists spanning roughly 90 years, including Alice Neel, Grace Hartigan, Barbara Kruger, Sheila Hicks, and March Avery. Lazzell, who earned her fine arts degree at West Virginia University in 1905, studied at the Art Students League alongside Georgia O’Keeffe, traveled to Paris, and cofounded the Provincetown Printers, the nation’s first woodblock print society. She is credited with developing the white-line woodcut technique known as the Provincetown Print, and her work is held by major institutions including the Metropolitan Museum of Art, the Museum of Fine Arts, Boston, and the Smithsonian American Art Museum.

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An anonymous buyer purchased an untitled René Magritte drawing on eBay for $1,580 in January 2025. The work, executed in ballpoint pen, colored pencil, and pencil on paper, will be auctioned by Rago/Wright in Lambertville, New Jersey on May 21 with a high estimate of $150,000—a nearly hundred-fold increase. The drawing depicts three giant white chess pieces towering over a landscape and once belonged to Mora Henskens, companion of Harry Torczyner, a friend and collector of the artist. It was acquired by Henskens from Magritte's widow, Georgette Berger Magritte, and later sold through VanDeRee Auctions before appearing on eBay.

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Sotheby's will sell ten works from the Matthew and Carolyn Bucksbaum collection in its fall auctions, with six pieces by René Magritte, Jean Dubuffet, Salvador Dalí, Joan Miró, and Paul Klee featured in the Modern Evening auction on November 20. The group of six works carries a total estimate of $18 million to $24 million, led by Magritte's *Le Jockey perdu* (1942) at $9–12 million and Dubuffet's *Restaurant Rougeot II* (1961) at $6–8 million. Sotheby's executives Julian Dawes and Grégoire Billault emphasized the rarity and importance of these works, noting that the Magritte is the only oil version of its subject and the Dubuffet is one of just three paintings of the iconic Paris restaurant.

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At Sotheby’s Modern evening auction, René Magritte’s 1942 painting *Le Jockey perdu*—which the artist considered a turning point in his career—sold for over $12.3 million, exceeding its high estimate. The work was part of a group of ten consignments from the estate of shopping mall magnate Matthew Bucksbaum and his wife Carolyn “Kay” Bucksbaum, influential collectors and philanthropists who met on a blind date in 1952. Alongside works by Salvador Dalí, Jean Dubuffet, Paul Klee, and Joan Miró, the evening sale netted more than $25 million, with remaining pieces appearing in subsequent day sales.

At the Centre Pompidou-Metz, 100 Works to Understand the Double Face of François Morellet

Au Centre Pompidou-Metz, 100 œuvres pour comprendre le double visage de François Morellet

The Centre Pompidou-Metz presents a centenary retrospective of French artist François Morellet (1926–2016), featuring 100 works that explore the dual nature of his practice. Curator Michel Gauthier has divided the exhibition into two mirrored halves—one dedicated to reason and geometric rigor ("the Mondrian side"), the other to disorder and irrationality ("the Picabia side")—reflecting Morellet's own description of himself as the "monstrous son of Mondrian and Picabia." The show traces his evolution from early figurative works and self-taught experiments to his embrace of concrete art, Islamic decorative systems, and systematic absurdity.

Sea change: inside LACMA’s new curatorial strategy

The Los Angeles County Museum of Art (LACMA) is debuting a radical curatorial overhaul within its new David Geffen Galleries, moving away from traditional 19th-century departmental silos. Led by Director Michael Govan and a team of 45 curators, the museum is implementing a cross-disciplinary approach that organizes the collection around "oceanic nodes"—the Mediterranean, Atlantic, Indian, and Pacific. This strategy allows for the juxtaposition of disparate media and cultures, such as contemporary photography alongside ancient textiles, to highlight the historical circulation of ideas and people across bodies of water.

Pioneering Modernist Fahrelnissa Zeid Returns to the Spotlight in London

The Turkish-Jordanian modernist Fahrelnissa Zeid is the subject of a new solo exhibition titled "Immersion" at Dirimart London, curated by art historian Adila Laïdi-Hanieh. This marks the artist's first gallery solo show in the United Kingdom this century, featuring several works from her estate that have never been publicly exhibited. The selection spans various periods of her career, highlighting her transition from monumental geometric abstractions to her late-career expressionist portraits.

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Abstract Expressionist painter Mary Abbott has died at age 98 due to heart failure, as confirmed by McCormick Gallery in Chicago, which represented her for nearly 20 years. Known for her colorful canvases and sweeping brushstrokes, Abbott was praised by the New York Times in 2008 as one of the last great Abstract Expressionist painters of her generation. Despite her early modeling career on Vogue covers and her immersion in the downtown New York art scene alongside figures like Mark Rothko and Willem de Kooning, her work received little scholarly recognition until the 2016 Denver Art Museum exhibition "Women of Abstract Expressionism," which traveled to the Mint Museum and Palm Springs Art Museum.

At the Menil Collection, Cy Twombly’s Drawing and Discovery

The Menil Collection in Houston is showcasing "The Gift of Drawing: Cy Twombly," an exhibition featuring 27 works selected from a massive donation of 121 pieces by the Cy Twombly Foundation. The show spans four decades of the artist's career, from the mid-1950s to 2005, highlighting his experimental approach to collage, painting on handmade paper, and drawing. Many of these works have never been previously exhibited in the United States, filling significant gaps in the museum's already extensive Twombly holdings.

15 of the Most Anticipated Museum Exhibitions Around the World in 2026

Major museums worldwide have announced their flagship exhibitions for 2026, featuring a diverse array of artists and historical periods. Highlights include a Frida Kahlo retrospective at the Museum of Fine Arts, Houston, exploring her rise to icon status; a survey of Ovid's influence on art from Caravaggio to Louise Bourgeois at Amsterdam's Rijksmuseum; a centennial exhibition for Mary Cassatt at the National Gallery of Art; and the largest career survey to date for Tracey Emin at Tate Modern. Other key shows feature Carol Bove at the Guggenheim Museum, Korean national treasures at the Art Institute of Chicago, and exhibitions at the Whitney Museum, the Museum of Modern Art, and the Louvre.

10 Must-See Shows during Frieze London 2025

Frieze London 2025 has arrived, bringing with it a sprawling public sculpture exhibition and two art-packed tents in Regent's Park, including the historically focused Frieze Masters. Alongside the main fair, London's galleries are hosting a mix of shows ranging from established favorites to emerging talents, with many exhibitions featuring ambitious sculptural works made from unconventional materials like furniture and driftwood. Notable highlights include Sonia Gomes and Kudzanai-Violet Hwami showing bronze sculptures for the first time, Cai Guo-Qiang's controversial gunpowder canvases at White Cube, and Danielle Fretwell's sumptuous oil paintings at Alice Amati. Artsy has curated a list of 10 must-see gallery exhibitions taking place during the fair.

Gagosian's spring show skips and rhymes through De Kooning's career

Gagosian Gallery in New York has opened "Willem de Kooning: Endless Painting," a non-chronological exhibition curated by Cecilia Alemani that spans the artist's career from 1944 to 1986. The show features institutional loans from MoMA and the Guggenheim, includes two sculptures—including the colossal bronze "Standing Figure" displayed indoors for the first time in nearly 30 years—and runs through June 14. A panel with artists John Currin and Dana Schutz will explore de Kooning's influence on May 15.

Charge of the Indian art brigade

At a Christie’s auction in New York’s Rockefeller Center, an untitled work (Gram Yatra) by MF Husain sold for over Rs 118.7 crore ($13.8 million), becoming the most expensive modern Indian painting ever sold. The buyer is reportedly collector and philanthropist Kiran Nadar. Other record-tying sales include Amrita Sher-Gil’s The Story Teller and Tyeb Mehta’s Trussed Bull, each fetching Rs 61.8 crore at SaffronArt auctions, while a Jagdish Swaminathan painting exceeded estimates at Sotheby’s. These results come amid a 19% rise in the top 50 Indian artists’ sales to $36.2 million, per the 2024 Hurun India Art List.

Matisse, 1941-1954 review – hit after glorious hit in a show of life-enhancing genius

A major exhibition at the Centre Pompidou and the Grand Palais focuses on the final, revolutionary period of Henri Matisse's career, from 1941 to 1954. The show charts his artistic reinvention following a life-threatening surgery, beginning with obsessive, reworked paintings from his Nice studio during the war and culminating in the radiant, large-scale cut-outs for which he is widely celebrated.

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Hazel Knapp, a self-taught artist with Charcot-Marie-Tooth disease, painted Vermont landscapes from her wheelchair between the 1930s and 1940s, often with her mother Elsie by her side describing the terrain. Knapp exhibited at the 1939 Museum of Modern Art show alongside Grandma Moses and Morris Hirshfield, was profiled in Sidney Janis's book *They Taught Themselves*, and sold ten paintings to Gertrude Stein, who planned an unrealized Paris exhibition. Despite this promising start, Knapp fell into obscurity after her mother's death.

20 superb exhibitions to visit during the Ascension weekend in Paris

20 superbes expos à visiter pendant le week-end de l’Ascension à Paris

Beaux Arts Magazine has curated a list of 20 must-see exhibitions in Paris for the Ascension long weekend (May 14–17, 2026). Highlights include Hilma af Klint's first major French retrospective at the Grand Palais, a Lee Miller survey at the Musée d'Art moderne de Paris, an Alexander Calder show at the Fondation Louis Vuitton, a Matisse exhibition focusing on his late works at the Grand Palais, and a Giovanni Segantini display at the Musée Marmottan Monet. The article also offers recommendations for family-friendly outings, free exhibitions, and evening openings.

‘A remarkably tenacious motif’: the many faces of Marilyn Monroe revealed in new book and show

The National Portrait Gallery in London will open "Marilyn Monroe: a Portrait" next month, accompanied by a book edited by curator Rosie Broadley in association with the Marilyn Monroe estate. The exhibition and book feature works by Andy Warhol, Pauline Boty, Marlene Dumas, James Gill, Rosalyn Drexler, and others, exploring Monroe as a persistent subject in visual art beyond film. Highlights include Warhol's 1962 silkscreen "Green Marilyn", de Kooning's 1954 portrait, and lesser-known works by Joseph Cornell and Alex Margo Arden.

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The Brooklyn Museum is preparing to investigate the restoration of Paul Gauguin’s relief panel, *Te Fare Amu*, which was recently gifted to the institution by the Henry and Rose Pearlman Foundation. The artwork features a crouching nude figure whose genitals were painted over with green pigment by the collector Henry Pearlman in 1954 to bypass U.S. Customs indecency laws. While a 2017 conservation assessment at the Art Institute of Chicago deemed the overpainting too risky to remove, Brooklyn Museum conservators plan to re-evaluate the piece when it arrives for exhibition this fall.

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Newly uncovered documents from the Museum of Modern Art’s archives confirm that the Franco regime in Spain attempted to censor Robert Motherwell’s painting *Elegy to the Spanish Republic No. 35* (1954–58) before its scheduled 1958 exhibition in Madrid. The painting was part of MoMA’s traveling show “The New American Painting,” which introduced Abstract Expressionism to Europe. Spanish authorities demanded Motherwell remove the phrase “Spanish Republic” from the title, but the artist refused, leading to the work’s exclusion from the exhibition. The documents, reviewed by *El País*, also reveal that Catalan artist Antoni Tàpies boycotted state-sanctioned shows, calling the regime’s cultural propaganda “scandalous.”

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The Mississippi Museum of Art (MMA) has acquired the Frank Lloyd Wright–designed property Fountainhead in Jackson, Mississippi, following approval from the Jackson Planning and Zoning Board and City Council. Originally designed in 1948 and completed in 1954 for oil speculator J. Willis Hughes, the 3,558-square-foot Usonian home was later restored by architect Robert Parker Adams and has been on the National Register of Historic Places since 1980. The museum plans to open the home for public tours, with bus transportation from its main campus, and to establish community partnerships.