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Art Basel returns to its Swiss namesake city from June 19 to 22, with VIP previews on June 17 and 18. The article recommends stepping outside the fair to explore top-tier exhibitions across Basel, including Ernst Ludwig Kirchner's rediscovered painting 'Tanz im Varieté' (1911) at Kunstmuseum Basel, a major survey of Medardo Rosso at the same museum, and a solo show by Thomas Ott at Cartoonmuseum Basel. It also highlights Clearing gallery's off-site project 'Maison Clearing' in a private house with works by over 40 artists.

museum of plastic pollution opens clearing gallerist talks end of business and more morning links for august 11 2025 1234749196

The article reports on the death of Matthew Christopher Pietras, a prominent New York patron who was found dead after the Soros family claimed that a $10 million donation he made to the Metropolitan Opera actually belonged to a family member. It also covers the closure of Clearing gallery in New York, the fourth such closure in a month, following Blum, Venus Over Manhattan, and Kasmin. Additional news includes a Russian drone strike damaging a historic synagogue in Odessa, the death of collector Sylvio Perlstein, the launch of Victoria Miro's digital platform Live / Archive, and a feature on Enzo Suma's Archeoplastica museum of plastic waste.

clearing gallery closes 1234749090

Clearing, a New York-based gallery known for launching the careers of artists like Korakrit Arunanondchai, Harold Ancart, and Marguerite Humeau, has permanently closed its spaces in New York and Los Angeles after 14 years. Founder Olivier Babin cited an unsustainable path forward, stating the gallery could no longer operate at its standards. The closure follows a wave of New York gallery shutdowns, including Blum, Venus Over Manhattan, and Kasmin, which is transitioning into a new entity called Olney Gleason. Clearing’s final exhibitions were solo shows by Coco Young in New York and Henry Curchod in Los Angeles.

The Storm Hits the Art Market

The article reports on the severe downturn in the art market during the first half of 2025, focusing on the closure of New York-based Clearing gallery. Despite opting out of Art Basel to host an alternative exhibition in a rented villa to cut costs, the gallery could not survive its financial losses and announced bankruptcy in August. It is one of several prominent galleries—including Blum, Venus Over Manhattan, and Kasmin—that have closed amid falling sales, high overheads, and reduced collector spending.

In Basel, alternative art fairs spring up in new places

In Basel, alternative art fairs are proliferating as dealers seek new ways to engage collectors outside the main Art Basel fair. Maison Clearing, a pop-up group exhibition by the New York and Los Angeles-based Clearing gallery, occupies a four-story villa in central Basel, featuring works by 46 artists including Kayode Ojo, Jasmine Gregory, and Jean-Marie Appriou. The rental cost of $2,000 per day is roughly one-third the price of a medium-sized stand at Art Basel. Meanwhile, the Basel Social Club (BSC) returns for its fourth edition in a former bank building near the Kunstmuseum, hosting over 100 spaces filled with art, performances, and hospitality offerings, including artist-led services like a hairdresser and a blood bank.