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stop making sense 2025 art market analysis

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.

see all artworks unlimited 2024 art basel switzerland

Art Basel's Unlimited sector opened on Monday at the Messeplatz in Basel, featuring 70 large-scale projects selected from 93 galleries. Curated by Giovanni Carmine, the showcase includes works such as Agnes Denes' wheat field installation, Mario Ceroli's peace-themed flags, Christo's wrapped Volkswagen Beetle (priced at $4 million), and pieces by Lutz Bacher, Alex Da Corte, and Anna Uddenberg. VIP collectors and museum directors, including Paul Ettlinger and Chris Dercon, were among the first attendees, with galleries using early social media posts to signal status and generate buzz.

an up to the minute list of the all the art fairs taking place in 2026

The global art fair calendar for 2026 is taking shape with a mix of established blue-chip events and significant new international expansions. Key highlights include the debut of Pavilion in Taipei and Hong Kong, the expansion of Paris Internationale into Milan, and the highly anticipated return of the ADAA Fair to New York's Park Avenue Armory following a strategic hiatus.

la louver gallery closes venice huntington archive donation

LA Louver, one of Los Angeles's longest-running galleries, is closing its physical space in Venice, California, after 50 years and shifting to private dealing. The gallery, founded in 1975 by Peter and Elizabeth Goulds, has shown artists including Marcel Duchamp, David Hockney, Ed Ruscha, and Doris Salcedo, mounting over 660 exhibitions. The Venice space will host select exhibitions by appointment, while the gallery will focus activities on a private warehouse in LA's West Adams neighborhood. The Huntington library, museum, and botanical garden will receive LA Louver's archive of photography, correspondence, and documents.

rhea dillon sculpture new talent

Rhea Dillon, a 29-year-old artist and writer, is preparing for three exhibitions opening over the summer: a group show at the Whitney Independent Study Program (ISP), a solo exhibition at Heidelberger Kunstverein, and a booth in the Statements section of Art Basel Switzerland. Her work, which draws on Black and Caribbean intellectual traditions, uses everyday objects and symbols to critique postcolonial diasporic identity, as seen in sculptures like *Caribbean Ossuary* (2022) and *Swollen, Whole, Broken...* (2023). Dillon also discusses her linguistic approach, explored in drawings at Paul Soto Gallery, where she repeats and redefines the shape of a spade to transform a racial slur into new forms.

the art angle canyon art basel adrien brody

The Art Angle podcast team reviews three major art stories from June. First, Canyon, a new museum-like venue dedicated to immersive video art, has been announced for New York's Lower East Side. Second, the team discusses the outcomes of Art Basel in Switzerland, the art world's most important fair, and ongoing volatility in art pricing. Third, they examine the buzz—and mockery—surrounding Oscar-winning actor Adrien Brody's painting exhibition in New York City. Culture editor Min Chen joins host Ben Davis and senior editor Kate Brown to analyze these developments.

Inside New York’s Rogue Project Spaces

A digital cover story profiles New York City's rogue project spaces—artist-run venues like U-Haul Gallery, Desnivel, Spielzeug, Catbox Contemporary, and 95 Gallon Gallery—that operate in unconventional locations such as trash bins, moving trucks, bodegas, laundromats, buses, and cat towers. The article features interviews with founders including Maria De Victoria (Desnivel), James Sundquist and Jack Chase (U-Haul Gallery), and others, highlighting how these spaces counter the bureaucracy of institutional exhibitions by prioritizing artist freedom, intimacy, and community engagement.

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.

Arthur Jafa and Julie Mehretu Among Art Basel Awards 2026 Medalists

Art Basel has announced the thirty-three winners of its 2026 Art Basel Awards, recognizing individuals and institutions across nine categories. The winners include prominent artists like Arthur Jafa, Julie Mehretu, and Barbara Kruger, as well as institutions such as The Brick in Los Angeles and the Diriyah Biennale Foundation. A new jury member, Prof. Dr. Bonaventure Soh Bejeng Ndikung, was also added for this edition.

air de paris gallery withdrawal art basel switzerland

Air de Paris, a leading French contemporary art gallery, has withdrawn from the 2025 edition of Art Basel in Switzerland after a dispute over booth placement. The gallery was offered a less desirable second-row spot (N3) despite its long history of prime placement (L23) on the second floor. Cofounders Florence Bonnefous and Edouard Merino described the allocation process as "brutal and unfair" in a letter to the fair, which was circulated online. Art Basel defended its decision, stating that placement is at its sole discretion and made in consideration of all 290 participating galleries.

art basel discounts new galleries 2025

Art Basel has introduced booth-fee discounts for first- and second-time exhibitors at its fairs, offering 20% off for first-year participants and 10% for second-year participants. The policy, confirmed by chief artistic officer Vincenzo de Bellis, has been in place since Art Basel Miami Beach in 2021 and applies to all Art Basel fairs in Switzerland, Hong Kong, and Miami Beach, with a new edition launching in Qatar. Starting in 2026, discounts will increase to 25% and 15% respectively.