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paint drippings art industry news feb 2 spanish dealers 2742104

A series of significant developments occurred across the global art industry this week. Expo Chicago announced a scaled-back edition under new director Kate Sierzputowski, while the Outsider Art Fair revealed its exhibitor list. A long-lost Renaissance portrait by Sofonisba Anguissola resurfaced at the Winter Show. Christie's will sell the collection of the late MoMA trustee Barbara Jakobson, featuring works by Jeff Koons and others. Bonhams made a key hire, and Sotheby's priced a major art-backed securitization. In gallery news, Alissa Friedman returned to Salon 94, Mary Cork joined Lehmann Maupin London, and several artists gained new representation, while New York's Francis Irv gallery announced its closure.

art world insiders 2026 market predictions new years 1234768290

Art world insiders share their predictions for 2026, anticipating a market rebound after a turbulent 2025 marked by gallery closures and tariff announcements. Key developments include the launch of new art fairs by Art Basel and Frieze in Qatar and Abu Dhabi, the return of the Whitney Biennial and Venice Biennale, and a surge in estate-driven sales as the Great Wealth Transfer accelerates. Experts note a revival of interest in Old Masters and classic taste, with collectors returning to bidding and galleries seeing renewed activity.

arco madrid 2026 art fair report 1234776042

The 45th edition of Arco Madrid opened at the IFEMA Madrid complex with a notably slower start than previous years. While initial VIP attendance appeared thin due to competing events and geopolitical factors, the fair regained its momentum by midday, drawing a crowd of international collectors and 211 galleries from 30 countries. Exhibitors noted a more relaxed atmosphere compared to major fairs like Art Basel, with visitors taking a more contemplative approach to acquisitions.

sandra poulson moma ps1 venice biennale interview 1234749064

Sandra Poulson, a 30-year-old Angolan artist, has opened her first museum exhibition at MoMA PS1 in New York, titled "Este quarto parece uma República!" ("This bedroom looks like a Republic!"). The show features sculptures that explore how everyday objects carry social and political meaning, including a work critiquing the influence of mega-churches in Angola. Poulson, who splits her time between Luanda, London, and Amsterdam, drew inspiration from her childhood, local furniture practices in Luanda, and colonial-era wood exploitation. The works were initially produced for Condo London and commissioned by Jahmek Contemporary Art.

Spain’s galleries are protesting against high taxes—can Arco Madrid help voice their concerns?

The 45th edition of Arco Madrid, Spain’s premier contemporary art fair, is set to host 206 galleries from 36 countries at the Ifema convention centre. While the fair remains a vital commercial hub, it is currently overshadowed by a nationwide protest from Spanish galleries against the country's 21% VAT on art purchases. This tax rate is among the highest in Europe, significantly outpacing neighbors like Portugal and France, leading to concerns about international competitiveness and the classification of contemporary art as a luxury elite product.