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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.

despite global art market contraction prints are thriving 2621263

The print market is experiencing a significant resurgence, defying the broader contraction seen in the global art market. Recent events like the IFPDA Print Fair in New York reported record-breaking attendance of 21,000 visitors, while auction data shows that over 54,000 print lots were sold in 2024—the highest volume in a decade. While total sales value dipped slightly, the decline was far less severe than the 27 percent drop seen in the general fine art sector.

at miami basel dealers notch seven figure sales digital art draws crowds 2723568

Art Basel Miami Beach opened its VIP preview on Wednesday with strong early sales, including multiple seven-figure deals. Major galleries like Hauser & Wirth, White Cube, Gladstone, and Pace reported significant sales, with a $3.9 million George Condo painting leading the pack. The fair introduced a new digital-art section called Zero 10, featuring works by Beeple, which drew large crowds. Collectors such as Craig Robins, Mera and Don Rubell, Norman Braman, and Beth Rudin DeWoody were among the early attendees, and the event featured high-profile works by Jeff Koons and Maurizio Cattelan.

princedale modern edward warburton 2661083

London-based art advisory Princedale Modern, founded by Edward Warburton in 2022, has marked its second anniversary amid significant shifts in the global art market. Warburton discusses the firm's growth, including scaling alongside the U.K. art market's rise to 18% of global share, and highlights attendance at major art fairs in Basel, New York, Miami, and Paris. He notes that while auction house sales at Christie's, Sotheby's, and Phillips have dropped nearly one-third and the overall market contracted by 12%, private sales have risen 14% and online sales remain strong at 17%.

artists gallery representation 2651045

Many artists are rethinking traditional gallery representation, seeking not just sales but also help with copyrights, visibility, and partnerships. Flexible co-representation arrangements are on the rise, with major galleries like Hauser & Wirth launching initiatives like Collective Impact to co-represent rising artists alongside their smaller founding galleries. Some artists are joining agencies or representing themselves, driven by social media's past ability to build direct collector relationships, though its power has recently declined due to algorithm changes.

dynamo room uffner lius frieze wet paint 2642476

Artnet News's 'Wet Paint' gossip column reports from Frieze Week in New York, noting a prevailing cultural pessimism fueled by essays on the death of culture and the impact of the second Trump administration. Amidst this, Jeff Koons's 'Hulk Elvis' sculptures at Gagosian's Frieze booth (priced at $3 million each, with one sold) offered a perverse relief. The column also highlights the second edition of the Esther art fair at the Estonian House, described as an 'aura fair' prioritizing community and a welcoming environment over strict commercial focus, contrasting with the more predictable Frieze fair.

hauser wirth uptown sale jens hoffmann project wet paint 2638685

Hauser & Wirth has sold its Upper East Side townhouse at 32 East 69th Street for $10.5 million to a developer, ending a decades-long presence in the neighborhood. The property, purchased in the 1990s as a family residence, was renovated by architect Annabelle Selldorf and later used as gallery space from 2009, hosting exhibitions by artists like Pope.L, Anna Maria Maiolino, Luchita Hurtado, and Arshile Gorky. Gallery co-founder Iwan Wirth cited a shift in the family's center of gravity to Chelsea and the business's expansion downtown with new locations on West 18th Street and Wooster Street in SoHo.

legendary dealer marian goodman dies louvre shutters again amid strike morning links for january 26 2026 1234770905

Marian Goodman, the legendary art dealer known for her lifelong commitment to artists and resistance to market trends, died on Thursday in a Los Angeles hospital at age 97. She opened Marian Goodman Gallery in Midtown Manhattan in 1977 at age 49, launching with an exhibition of Marcel Broodthaers. Over five decades, she championed European artists under-recognized in the US, including Gerhard Richter, Steve McQueen, Julie Mehretu, and William Kentridge. Separately, the Louvre closed again due to a strike, the fourth closure since mid-December, while the Minneapolis Institute of Art remained closed amid ICE protests and unrest following the killing of ICU nurse Alex Pretti. Scotland is considering a government-funded basic income for artists, following Ireland's permanent scheme.

modern contemporary art 2639749

The article explores the distinction between Modern and contemporary art, explaining that Modern art emerged in the late 19th century as a reaction to classical art and the Industrial Revolution, with movements like Impressionism, Cubism, Futurism, and Surrealism redefining painting in response to photography. Contemporary art, by contrast, is a reaction to Modern art, with its start debated between World War II and the 1960s-70s consumerist era, encompassing diverse mediums such as sculpture, street art, and performance art, exemplified by artists like Jeff Koons, Banksy, and Yoko Ono.

jeffrey epstein emails leon black picasso gagosian 1234761921

Newly released emails from convicted sex offender Jeffrey Epstein reveal that he discussed a plan by billionaire art collector Leon Black to purchase a Picasso painting from Gagosian gallery for $100 million. In a 2015 email to Melanie Spinella, a representative for Black, Epstein questioned the lack of a written contract for the overseas transfer, calling it 'fishy.' The emails also show Epstein advising Black on broader art purchasing strategies, including assigning agreements to family members, and offering opinions on Artspace, the online art marketplace acquired by Black's publishing house Phaidon.

morning links september 24 2025 1234753424

Kenny Schachter, an artist, collector, and art world commentator, writes for Artnet that Larry Gagosian has no succession plan for his mega-gallery, claiming that after Gagosian's death the business will not survive. This contradicts earlier reports that Gagosian had assembled a board of directors—including Evan Spiegel, Jenny Saville, J. Tomilson Hill, Glenn Fuhrman, and Delphine Arnault—to plan for the future. Separately, new research suggests Rembrandt's *The Night Watch* (1642) may include imagery borrowed from a lesser-known Dutch artist, with a barking dog in the painting closely resembling an illustration from a 17th-century manual on resisting sexual temptation. The UK art market is also facing increased anti-money laundering enforcement, with HMRC issuing significant fines, including a £158,679 penalty to London-based DYS44 Art Gallery Limited for procedural failures.

robert longo pace gallery review 1234752550

Artist Robert Longo presents a new exhibition at Pace Gallery, featuring his signature large-scale, hyperrealistic drawings that address themes of brutality, conflict, and protest. The show is a revised version of a 2023 exhibition at the Milwaukee Art Museum, with works based on media images of events such as the war in Ukraine, Black Lives Matter protests, and migrant crises. The article critically examines several pieces, including "Untitled (Ferguson Police, August 13, 2014)" and "Untitled (Refugees at Mediterranean Sea, Sub-Saharan Migrants, July 25, 2017)," arguing that Longo's manipulations of source photographs result in melodramatic and dishonest representations.

claire oliver gallery expands new york 1234750054

Claire Oliver Gallery is expanding its Harlem townhouse location in New York, adding the upper floors to its existing street-level space. The new areas will be dedicated to a more intimate, salon-style presentation, moving away from the traditional white cube model. The expansion will be inaugurated on September 5 with a solo exhibition by BK Adams on the ground floor and a group show upstairs featuring represented artists including Barbara Earl Thomas, Carolyn Mazloomi, Gio Swaby, and others.

morning links july 30 2025 1234748534

The article reports on a generational shift in the art world, with younger gallerists (millennials and Gen Z) redefining success away from the traditional empire-building model. It highlights the recent closures of Venus Over Manhattan and Tim Blum's gallery, but notes that emerging dealers like Bridget Donahue and Matthew Brown are prioritizing collaboration, transparency, and a sustainable pace—attending fewer art fairs and building tight-knit communities rather than large client bases. Separately, the article covers Hauser & Wirth's announcement of a new gallery in Palo Alto, California, set to open in spring 2026, marking the mega-gallery's first Bay Area location and its third in California.

rashid johnson painting howard lutnick tequila video 1234747564

United States Commerce Secretary Howard Lutnick posted a video on social media showing off a new tequila bottle, but the backdrop featured a painting from Rashid Johnson's "Anxious Red" series. The artwork, confirmed by Hauser & Wirth as an authentic Johnson piece purchased on the secondary market, sparked criticism online due to the irony of Lutnick—a Trump appointee whose administration has cut public health funding—owning a work born from pandemic-era anxiety. The series originally supported the WHO's Covid-19 Solidarity Response Fund through a 2020 charity auction, the same organization Trump withdrew the U.S. from on his first day in office.

tefaf new york 2025 sales report 1234741687

TEFAF New York 2025 opened with 91 exhibitors, featuring a mix of blue-chip and emerging artists. Galleries reported sales including a €250,000 relief by Anne Imhof at Sprüth Magers, a $500,000 Sean Scully painting at Lisson Gallery, and multiple Ruth Asawa works at David Zwirner ranging from $50,000 to $2.8 million. Thaddaeus Ropac sold works by Daniel Richter for €840,000. The fair aims to attract younger buyers while maintaining its prestige, with fewer objects priced above $10 million than in previous years.

The village where Van Gogh spent his final days celebrates its most distinguished visitor

An exhibition titled "Van Gogh, Influencer: Legacies in Motion" has opened at the Château of Auvers-sur-Oise, the village near Paris where Vincent van Gogh spent his final 70 days and died by suicide in July 1890. The show, running until 3 January 2027, features nearly a hundred works by artists influenced by Van Gogh, including Léonide Bourges, Charles-François Daubigny, and Léo Gausson, though no original Van Gogh paintings are included. Curated by Wouter van der Veen, the exhibition explores visual parallels and stylistic contrasts between Van Gogh’s iconic works—such as *Church at Auvers* and *Wheatfield with Crows*—and those of his contemporaries and followers.

Duchamp in New York

The Museum of Modern Art (MoMA) has launched a major solo exhibition dedicated to Marcel Duchamp, marking the artist's first comprehensive survey in New York City in over 50 years. The exhibition explores Duchamp’s revolutionary impact on modern art, featuring iconic works and archival materials that trace his history from the 1913 Armory Show to his later years in New York. The opening is complemented by a broader "Duchamp spring" in the city, including a forthcoming exhibition of his readymades at Gagosian.

olivia barrett chateau shatto 2749305

Olivia Barrett, co-founder of the Los Angeles gallery Château Shatto, is pivoting her business strategy to navigate a cooling art market and a post-boom landscape in Southern California. After moving to the Melrose Hill art corridor, Barrett is shifting away from the high-velocity art fair model to focus on a more curated, historical program. This includes integrating 20th-century estates and secondary-market works from artists like Alice Rahon and Emily Kam Kngwarray alongside contemporary voices like Aria Dean.

performance art new collectors 2747279

The commercial market for performance art is undergoing a significant shift in value and sophistication. While performance has been sellable for decades through archival editions and documentation—a model pioneered by figures like Marina Abramović and dealer Sean Kelly—newer methods include oral contracts for 'live' works and high-stakes secondary market sales. Recent examples, such as Hauser & Wirth offering a Felix Gonzalez-Torres performance piece with an eight-figure price tag, signal that the medium is moving from a niche interest into a high-value asset class.

top 5 art market minute podcast episodes 2025 2728773

Artnet News published a roundup of the top five episodes of its podcast 'Art Market Minute' from 2025, hosted by Margaret Carrigan. The episodes cover key industry topics: whether artists still need galleries, how to build professional relationships in the art world, the rising market value of Jack Whitten's work, the impact of AI on the art market, and the wave of high-profile gallery closures reshaping the trade. Guests include Sonia Manalili, Brooke Lampley, Naomi Rea, Eileen Kinsella, Jo Lawson-Tancred, and Katya Kazakina.

joan miro constellations 3 things to know 2027830

Spanish Surrealist Joan Miró created the "Constellations" series of 23 paintings on paper between January 1940 and September 1941, during the turmoil of the Spanish Civil War and World War II. Fleeing to Normandy and later Palma de Mallorca, Miró used oil and tempera on small sheets, producing joyful, abstract works filled with floating forms reminiscent of music and the cosmos. The series was shipped to New York in 1944 and exhibited in 1945 at Pierre Matisse's gallery, where it captivated exiled European artists and may have influenced Jackson Pollock's all-over drip painting style.

ilana savdies shapeshifting worlds 2646636

Artist Ilana Savdie, known for her electrically colorful and biomorphic paintings, presents a new series titled "Glottal Stop" at White Cube in New York. The exhibition explores themes of camouflage, animal mimicry, and the physical toll of global discord, featuring works that use pigmented beeswax, oil, and acrylic to create nearly sentient surfaces. Savdie draws from horror films, Baroque painting, and anatomy books, incorporating suspended painted latex sheets into an immersive, maze-like installation.

pilar corrias new gallery london 2023 2373010

Pilar Corrias is expanding her London gallery with a new 5,000-square-foot flagship space at 49-51 Conduit Street in Mayfair, featuring 16-foot ceilings and street-level access. The gallery, now 15 years old, has grown from representing 4 to 35 artists, including top-selling names like Christina Quarles. Corrias decided to open the new space after a four-year search, citing its rare size and industrial character as a contrast to her existing Savile Row location, which she will retain. The first exhibition in the new gallery will showcase new paintings by Christina Quarles.

state of the art market surrealist women awakening 2407636

A data-driven analysis by Artnet News and Morgan Stanley examines the auction market for women Surrealist artists from 2013 to 2023, using the Artnet Price Database to track prices and sell-through rates. The study contrasts the historical undervaluation of women Surrealists—such as Leonora Carrington, Remedios Varo, Kati Horna, and Bridget Bate Tichenor—against the enduring market dominance of male figures like Dalí, Magritte, and Miró, while noting Frida Kahlo as the top-selling woman Surrealist.

What’s the True State of Bangkok’s Art Ecosystem?

The article examines the current state of Bangkok's art scene, which is experiencing a surge of private investment and international attention. New institutions like UNITED Unlimited and Misiem's/bangkok are opening, and events like the Bangkok Art Biennale are gaining prominence, leading some international media to compare the city's potential to art hubs like Miami.

Dealer Matthew Brown More Than Doubles His Los Angeles Space with Move to Hollywood Media District: ‘I Really Believe in LA’

Los Angeles art dealer Matthew Brown is relocating his gallery to a significantly larger, 13,000-square-foot former warehouse in the Hollywood Media District. The new space, designed by architect Markus Dochantschi, more than doubles his exhibition area and includes offices, viewing rooms, and storage. The inaugural exhibition will feature artist Mimi Lauter, marking her first Los Angeles show in eight years.

mauritshuis loaning girl with a pearl earring to japan us withdrawing from international arts and cultural heritage groups morning links for january 9 2025 1234769316

The Mauritshuis in The Hague announced it will loan Johannes Vermeer's "Girl with a Pearl Earring" (circa 1665) to the Nakanoshima Museum of Art in Osaka, Japan, this summer while the Dutch museum closes for building alterations from August 24 to September 20. Separately, President Donald Trump's administration released a memo on January 7 stating the US will withdraw from over 60 international groups, including ICCROM and IFACCA, which focus on arts and cultural heritage preservation, arguing these bodies operate contrary to US interests.

jack shainman gallery responds odili donald odita lawsuit 1234764379

Jack Shainman Gallery has formally responded to a lawsuit filed by artist Odili Donald Odita, who accused the New York gallery of refusing to return his artworks. Odita, whose work has been shown at the Venice Biennale and who recently painted the atrium of the Museum of Modern Art, claimed the artworks were worth $1.12 million. In a late November filing, the gallery countered that it holds far less inventory than Odita alleges and that the artist still owes money for production costs. The gallery disclosed that it had paid Odita a monthly stipend starting in 2016—$14,000 per month at its peak—which stopped in 2024, and that Odita had received $586,000 in loans. The gallery claims it has the right to retain five works valued at $650,000, which were consigned to David Kordansky Gallery, and that Odita must repay over $292,000 in outstanding loans.

taipei art week taiwan market review 1234758632

The second edition of Taipei Art Week has drawn a large crowd, anchored by Art Taipei—Asia's longest-running art fair—and the 14th Taipei Biennale. Galleries have raised their ambitions, with pop-up shows, talks, and collectors' parties filling the city. However, Taiwan's art market faces significant headwinds: art imports fell 15.2% in 2024, Ravenel's spring auction sales plummeted from $14.6 million in 2020 to $3.6 million in 2025, and Taipei Dangdai announced it would cease operations after its sixth edition. Geopolitical tensions with China have reduced Chinese collector participation and visitor numbers at the National Palace Museum.