Art News. Vasari Codex

trending_up market schedule Apr 30, 2025 visibility 25 link 20 artists, 3 galleries

Female artists and new buyers breathe life into the art market

The global art market contracted by 12% in 2024, falling to an estimated $57.5 billion in sales from its 2022 peak, according to the Art Basel and UBS Art Market Report 2025 compiled by Dr. Clare McAndrew. Despite the overall decline, the number of transactions grew by 3%, driven by a broadening collector base and increased engagement with more affordable works. The report highlights a surge in interest in female artists, with galleries raising their representation to 41%, and notes that art fairs remain the most common entry point for new buyers. The Aotearoa Art Fair, opening May 1-4 at Auckland's Viaduct Events Centre, exemplifies these trends with strong Indigenous and Pacific representation, emerging artist platforms like Horizons 2025, and affordable works under $5,000 from established galleries such as Gow Langsford Gallery.

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Expanded and Expansive: How the Intuit Art Museum Used A Transformative Renovation to Reinvent Itself

The Intuit Art Museum (IAM) in Chicago reopens on May 23 after a $10 million renovation that began in September 2023, partially funded by a $5 million grant from the City of Chicago. The expansion triples the museum's exhibition and education space, adds ADA-compliant features, and includes new galleries, a Center for Learning and Engagement Opportunities (CLEO) named after co-founder Cleo Wilson, and a reinstalled room dedicated to outsider artist Henry Darger. The museum, originally founded in 1991 as the Society for Outsider, Intuitive and Visionary Art by figures including artist Roger Brown and gallerists Carl Hammer and Ann Nathan, has long championed self-taught and visionary artists.