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.

christine sun kim gallery hyundai john tain industry moves 1234760271

This ARTnews industry moves column reports several key personnel and representation changes in the art world. Christine Sun Kim has joined Gallery Hyundai, a Seoul-based gallery, and will show at Art Basel Miami Beach. Yoshitomo Nara has moved to David Zwirner while maintaining his relationship with Pace. John Tain has been named Director of Curatorial Affairs at the Carnegie Museum of Art, and Galatea now represents Gabriella Marinho. Chris Sharp has added the duo CrossLypka to his roster. Separately, climate activist Timothy Martin received an 18-month prison sentence for damaging a Degas sculpture at the National Gallery of Art, and the Philadelphia Museum of Art faces turmoil after a rebranding backlash that led to director Sasha Suda's dismissal.

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The article previews the upcoming May 2025 marquee art auctions in New York, led by Christie's, Sotheby's, and Phillips. Key consignors include the collection of late Barnes & Noble founder Leonard Riggio and his wife Louise, along with works from Anne and Sid Bass, Tiqui Atencio, Daniella Luxembourg, the estate of Barbara Gladstone, and the San Francisco Museum of Modern Art. Notable lots include Dorothea Tanning's 'Endgame' (est. $1M–$1.5M), Robert Motherwell's 'Elegy to the Spanish Republic No. 160' (est. $3.5M–$5.5M), and Andy Warhol's 'Big Electric Chair' (est. $30M). The article also reveals undisclosed consignors through research, such as the family of Harold and Gertrud Parker for the Tanning work and the Hess Art Collection for the Motherwell.

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Michael Heizer has unveiled a major exhibition titled "Negative Sculpture" at Gagosian’s West 21st Street gallery in New York. The installation features two massive works, Convoluted Line A and Convoluted Line B, which consist of steel liners filled with crushed red granite embedded into a raised gallery floor. To achieve the artist's vision of negative space without excavating the building's foundation, the gallery undertook a complex two-year engineering project to elevate the entire floor surface, matching the specific concrete hue of Heizer’s Nevada studio.

kenny schachter column larry g michael werner gallery 2719655

Kenny Schachter's column reports on the fallout at Michael Werner Gallery following the departure of star artist Peter Doig. Co-owner Gordon VeneKlasen is accused of expensing luxury items—including private jets, Hamptons helicopter rides, and even a solo helicopter trip for his Labrador Retriever—while the gallery faced financial strain. The partnership is dissolving, with VeneKlasen moving to Los Angeles to open his own gallery and listing his West Village home for $20 million. Meanwhile, Schachter also notes Pace Gallery's financial troubles, with founder Arne Glimcher stepping in to stabilize operations.

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Adam Lindemann announces the closure of Venus Over Manhattan, the gallery he founded in 2012 after a career as a contemporary art collector and writer. The gallery opened with a show titled "À Rebours," inspired by a novel about a decadent aristocrat, and featured works by Warhol, Hammons, and others—a show that famously saw a Dalí stolen from the wall. Over its 14-year run, Venus Over Manhattan mounted exhibitions including a Maurizio Cattelan show during a market lull, a Calder installation with spotlights and fans, and a show mixing African masterpieces with works by Koons, Prince, and Hirst. Lindemann reflects on the challenges of opening a gallery against advice, the theft that made international news, and the quiet validation he received from artists like David Hammons.

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Frieze has announced over 280 exhibitors for its October fairs in London, with around 160 galleries at Frieze London and 120 at Frieze Masters, running concurrently in Regent's Park from October 15 to 19. In auction news, the original Hermès Birkin bag prototype will be sold at Sotheby's Paris on July 10, and Bonhams has appointed Celine Assimon as chief commercial officer. Galleries saw significant moves: Christian Deydier in Paris is closing due to new EU regulations on imported cultural objects, while Carroll Dunham joined Matthew Brown, Cristina Iglesias signed with Hauser and Wirth, and several other artists changed representation. Meanwhile, Tate Liverpool received £12 million in UK government funding plus philanthropic support for its redevelopment, the Royal Academy of Arts named Simon Wallis as its new secretary and chief executive, and the Whitney Museum suspended its Independent Study Program for a year after controversy over censorship of a pro-Palestine performance. The Robert Rauschenberg Foundation made three new appointments, and the Académie de la Grande Chaumière in Paris faces eviction.

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The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

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The art world saw significant roster changes and leadership appointments this week, including Roberts Projects announcing representation of Esmaa Mohamoud and Cristin Tierney adding Debbi Kenote. Notable institutional moves include Charles Chemin being named Artistic Director of the Watermill Center and Julia Siemon stepping into a newly created Deputy Director role at the Bard Graduate Center. Additionally, the mid-season auction market showed unexpected strength, highlighted by Jeff Koons’s 'Winter Bears' selling for $7.6 million at Christie’s.

alex da corte modern art museum of fort worth review 1234749431

Alex Da Corte's mid-career survey, "The Whale," is on view at the Modern Art Museum of Fort Worth, featuring works that repurpose pop-cultural icons like Disney villains and Mariah Carey to explore themes of erasure and violence. The exhibition includes pieces such as *A Time to Kill* (2016), which obliquely references the 2016 Pulse nightclub shooting through an inverted Elsa standee, and *The Great Pretender* (2021), which removes Lily Tomlin from a TIME magazine cover to comment on queer erasure.

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Günther Uecker, the German postwar artist known for hammering nails into canvases to create abstract works, died at age 95. His death was announced by his New York gallery, Lévy Gorvy Dayan, after he had been hospitalized in Düsseldorf. Uecker was a core member of the avant-garde ZERO group, founded in 1957 by Otto Piene and Heinz Mack, and his nail-based abstractions—applied to surfaces from canvases to lightboxes and TV sets—defined his practice from the 1950s onward. He participated in major exhibitions including Documenta and MoMA's 1965 "The Responsive Eye," and continued working daily in his Düsseldorf studio into his 90s.

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Sotheby’s Hong Kong concluded its fall auction series with a robust $426 million total, headlined by a record-breaking $25 million sale for Yoshitomo Nara. Amidst this market momentum, Nara’s upcoming LACMA retrospective was announced to travel to Shanghai’s Yuz Museum. Meanwhile, the New York art scene is bracing for major institutional milestones, including the Metropolitan Museum of Art’s 150th-anniversary plans and the imminent public opening of MoMA’s $450 million expansion.

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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.

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The article details the ongoing release of documents related to disgraced sex offender Jeffrey Epstein, revealing his extensive ties to prominent art world figures. Key connections include former MoMA chairman Leon Black, who paid Epstein tens of millions for tax advice and engaged in art transactions involving a Giacometti sculpture and a Cézanne watercolor; retail mogul and art collector Leslie Wexner; and artist Andres Serrano. It also highlights the story of artist Maria Farmer, who was assaulted by Epstein and Maxwell and faced threats against her art career when she tried to report them in the 1990s.

Hirshhorn Museum Director Melissa Chiu Leaves for Guggenheim, Another Smithsonian Departure

Melissa Chiu has been appointed as the new director of the Guggenheim Museum in New York, departing her long-standing role at the Smithsonian’s Hirshhorn Museum and Sculpture Garden. Starting September 1, Chiu will report to Mariët Westermann, CEO of the Solomon R. Guggenheim Foundation, effectively splitting the leadership responsibilities previously held by Richard Armstrong. During her decade-long tenure at the Hirshhorn, Chiu was known for staging massive blockbuster exhibitions, including the record-breaking Yayoi Kusama "Infinity Mirror Rooms" show, though she also faced criticism for commercial ventures like a reality TV competition.

banksy unmasked judge granted democratic congresswoman access to kennedy centers plans ahead of todays vote on renovations morning links for march 16 2026 1234777495

A Reuters investigative report has claimed to unmask the anonymous street artist Banksy, identifying him as Robin Gunningham (who later changed his name to David Jones). The report justifies the disclosure by citing public interest in how the artist has monetized his mystique and details the inner workings of his professional circle. Meanwhile, the art world faces several institutional shifts, including the resignation of Richard Grenell from the Kennedy Center amid a legal battle over renovations, and calls for the resignation of Italy’s Venice Biennale representative over Russia's potential return to the exhibition.

Mary, Queen of Scots Final Letter on View; French Artist Adds Armor to Dalida Sculpture: Morning Links for March 10, 2026

mary queen of scots final letter on view french artist adds armor to dalida sculpture morning links for march 10 2026 1234776708

Perth Museum has unveiled the final letter written by Mary, Queen of Scots, marking the document's first public display in Scotland in three decades. Penned hours before her execution in 1587, the letter to Henry III of France frames her death as a religious martyrdom and is subject to extreme conservation protocols that limit its exhibition frequency. Meanwhile, in Paris, artist Luz has installed a spiked, mirror-encrusted bodice on the famous Dalida bust in Montmartre to protest the tradition of tourists rubbing the sculpture's breasts for luck.

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The British Museum has allocated £1.2 million to facilitate the transport of the 11th-century Bayeux Tapestry from Normandy to London for a high-profile exhibition scheduled for 2026. This funding covers the logistical complexities of moving the 230-foot-long masterpiece, which is further protected by a £800 million UK Treasury guarantee. Despite the museum's rigorous planning and expert oversight, the loan has faced significant pushback from conservationists and public figures.

Louvre Theft Caused by Mismanagement; Veterans Sue to Halt Building of Arc de Trump: Morning Links for February 20, 2026

louvre theft caused by mismanagement veterans sue to halt building of arc de trump morning links for february 20 2026 1234774018

A French parliamentary commission has released a scathing report accusing the Louvre of systemic mismanagement and a 'denial of risks' following the October 2025 theft of the French crown jewels. The investigation suggests the museum operates as an unaccountable 'state within a state,' leading to security failures that enabled the high-profile heist. Meanwhile, veterans have filed a lawsuit to block the construction of the 'Arc de Trump' monument in Washington D.C., and the National Constitution Center faces leadership turmoil amid political pressure.

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Seyni Awa Camara, a Diola sculptor from Bignona, Senegal, known for her totemic clay sculptures of stacked human bodies, has died. Her work, steeped in spirituality and inspired by a ram's horn she called a 'genie,' gained international recognition after being discovered by anthropologist Michèle Odeyé-Finzi and introduced to Europe by gallerist André Magnin. Despite her global following—including fans like Pharrell Williams and Louise Bourgeois—Camara remained largely unknown in her home country, relying on foreign buyers to sustain her practice.

christies takes 690 m at fall curtain raiser art basel hong kong announces 2026 details and more morning links for november 18 2025 1234762067

Christie’s opened New York’s fall marquee auctions with a $690 million evening sale across 79 lots, surpassing the pre-sale low estimate of $534.7 million. The doubleheader included the Robert and Patricia Ross Weis collection, featuring works by Picasso, Matisse, Mondrian, and Rothko, followed by a 20th-century sale. The auction achieved a 97% sell-through rate by value and a 96% by lot, marking a 41% increase from May’s auctions. Separately, Sperone Westwater gallery announced it will close after 50 years, and Art Basel Hong Kong revealed details for its 2026 edition featuring 240 galleries.

sperone westwater gallery closing 1234762042

Sperone Westwater, a pioneering New York gallery that launched artists like Bruce Nauman, Richard Long, and Francesco Clemente, will close on December 31 after 50 years. Co-founders Angela Westwater and Gian Enzo Sperone are pursuing separate endeavors. The gallery’s final show is a current exhibition for Long, and it will still participate in Art Basel Miami Beach next month. Founded in 1975 in SoHo, the gallery was known for championing Neo-Expressionism and transavanguardia, and later diversified its roster with artists like Joana Choumali and Gamaliel Rodriguez. Its eight-story Bowery building, designed by Norman Foster, faces an uncertain future.

louvre heist security experts prevent art theft 1234758458

On Sunday at around 9:30 a.m., robbers broke into the Louvre's Apollo Gallery using a cherry picker and an angle grinder, stealing nine pieces of jewelry worth an estimated $102 million in less than eight minutes. ARTnews consulted security experts who noted that the theft exploited systemic vulnerabilities, pointing to a pattern of recent museum heists including the Natural History Museum in Paris, the Drents Museum in the Netherlands, and the Dresden crown jewels theft in Germany. The Louvre had previously faced staff walkouts over inadequate security staffing, and director Laurence des Cars has requested a police station be installed at the museum.

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Photographer Sally Mann has spoken out about government censorship after her photographs were seized from the Modern Art Museum of Fort Worth in Texas earlier this year. The controversy stemmed from her 1990s images of her children, which included nude depictions that some critics characterized as "child porn," leading to their removal from an exhibition following an open letter from the conservative Christian advocacy group Danbury Institute. Though the photos were returned and charges dropped, Mann expressed deep concern about the future of American museums, warning of a "new era of culture wars" and describing the situation as "Orwellian." She noted that social media has given censors more tools, and that the Trump administration is actively rolling out policies targeting museum programs, including a review of the Smithsonian.

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France's government has introduced a bill aimed at accelerating the return of artworks looted during the colonial era to their countries of origin, covering items acquired through theft, looting, or forced transfers between 1815 and 1972. The legislation, set for Senate debate in September, seeks to bypass current French laws that have slowed restitution processes. Separately, a new book by Gareth Harris titled 'Towards the Ethical Art Museum' argues that museum ethics codes are often insufficient and calls for a shift in mindset around restitution and provenance.

albright college is selling its art collection to cut 20 m deficit but donors oppose the move 1234746861

Albright College in Reading, Pennsylvania, is selling over 500 works from its art collection via an online auction at Pook & Pook Inc. scheduled for July 16, in an effort to address a $20 million deficit. The sale, titled "Fine Art from an East Coast Educational Institution," includes works by Bridget Riley, Jasper Johns, Romare Bearden, and Jacob Lawrence, and is expected to raise around $200,000. The college has also laid off staff and sold non-contiguous properties to cut costs. Donors, including the daughters of late collector Doris C. Freeman, have opposed the move, arguing it violates the original intent of the gifts.

tate and national portrait gallery buy work by britains caravaggio banksys lighthouse mural defaced paris holocaust museum vandalized morning links for june 2 2025 1234744031

Tate Britain and the National Portrait Gallery have jointly acquired William Dobson's 1630s self-portrait for £2,367,405, far below the rumored £5 million. The painting will be displayed at Tate Britain this fall alongside Dobson's portrait of his wife Judith. Separately, the Mémorial de la Shoah Holocaust museum in Paris was vandalized with green paint, along with two synagogues and a restaurant in the Marais district; an investigation is underway. Other news includes the vandalism and swift restoration of a new Banksy lighthouse mural in Marseille, a warning about a 50,000-year-old rock art site threatened by a gas project in Australia, and the opening of the Naoshima New Museum of Art on Japan's Naoshima island.

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The tenth edition of Photo London opened at Somerset House, marking a decade of growth for the UK's largest photography fair. The fair, running through May 18, has become a key event for the photography market, which has shown resilience despite broader art market declines. While global auction sales for photography dropped 5.6% in 2024 to $59 million, this was far less severe than the 27% overall art market decline, and sales volumes remained near record highs. New director Sophie Parker and cofounder Michael Benson highlighted growing interest from young collectors, though challenges remain as established galleries face an aging collector base and market uncertainty.

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The Pioneer Works Village Fete, held on May 6 in Red Hook, Brooklyn, raised $1.4 million for the nonprofit arts institution. The event featured speeches by Austin Hearst (filmmaker and grandson of the media baron, whose wife Gabriela Hearst was lead sponsor) and founder Dustin Yellin, who also celebrated his 50th birthday. Attendees included Claire Danes, Darren Aronofsky, Fred Wilson, Maggie Rogers, and Moses Sumney, with a performance by David Byrne. The benefit auction included works by Derrick Adams and Nate Lewis, and party favors were provided by Gotham, a cannabis company.

marlene dumas record women artist christies sale 1234742355

Marlene Dumas set a new auction record for the most expensive living female artist when her 1997 painting *Miss January* sold for $13.6 million at a Christie’s evening sale. The work, featuring a nude woman with a ghostly white face, was pre-sold with a third-party guarantee. Other women artists also broke personal records that night, including Simone Leigh (sculpture for $5.7 million) and Emma McIntyre (painting for $201,000). However, the top five priciest works of the week were all by men: Claude Monet, Pablo Picasso, Alberto Giacometti, René Magritte, and Piet Mondrian, with Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* selling for $47.6 million.