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Frieze has announced plans to launch a new art fair in Abu Dhabi in partnership with the Department of Culture and Tourism, converting the existing Abu Dhabi Art into a Frieze-branded franchise by 2026. This follows a previously reported but unrealized deal between Abu Dhabi and Art Basel, which instead chose to launch a fair in Qatar. Meanwhile, a new London art space called Ibraaz, funded by Swiss Tunisian banker Kamel Lazaar and focused on global majority arts, will open October 15. Gagosian also announced Jeff Koons's return to the gallery with a solo show titled "Porcelain Series." Additionally, the Robert Rauschenberg Foundation is selling the artist's Florida compound due to hurricane damage, and Pepperdine University closed an exhibition early after artists withdrew works over alleged political censorship.

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Art Basel has launched its first edition in Doha, Qatar, with a deliberately small and tightly controlled format. The fair features only 87 galleries, all required to mount solo presentations, with strict limits on booth size, power sources, and rehanging of works. This creates a slower, calmer atmosphere distinct from its larger, more chaotic sister fairs in Miami and Paris.

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Belgian billionaire Guy Ullens, a key figure in promoting Chinese contemporary art, died at age 90. His death was announced by the Ullens Center for Contemporary Art (UCCA) in Beijing, which he founded in 2007 as one of China's first privately run contemporary art centers. The article also covers Art Basel Hong Kong, Art Dubai's digital art sales, Gallery Weekend Beijing's new invitation-only system, Bluerider Art's expansion to Los Angeles, the appointment of Ho Tzu Nyen as artistic director of the 16th Gwangju Biennale, the Turner Prize 2025 shortlist, the opening of New Taipei City Art Museum, and Saudi Arabia's new typefaces.

qatar to build gulfs largest art storage facility anish kapoor threatens legal action after us border agents pose next to bean sculpture morning links for november 12 2025 1234761234

Qatar is planning to build the Gulf region's largest full-service art storage and logistics facility near Hamad International Airport, in a partnership between QC+ (a strategic partner of Qatar Sports Investments and Art Basel) and Gulf Warehousing Company. The complex will offer secure storage, conservation services, and private viewing rooms, allowing artworks to be stored and traded without entering Qatar's customs territory, similar to freeports in Geneva, Luxembourg, and Singapore. Separately, British artist Anish Kapoor is considering legal action after US border patrol agents posed for a photo in front of his Cloud Gate sculpture in Chicago, which he condemned as emblematic of 'fascist America.' Kapoor previously sued the US National Rifle Association for using the sculpture in a 2017 video.

an up to the minute list of the all the art fairs taking place in 2026 2708747

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.

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The article reports on the outlook for the art market in 2026, following a difficult 2025. It notes signs of recovery, including decent sales in Miami and $2.2 billion in marquee New York auctions, but warns of a K-shaped recovery where some sectors will bounce back while others continue to struggle. The piece also highlights a major shift toward the Gulf region, with Art Basel launching in Qatar, Art Dubai celebrating its 20th anniversary, Frieze debuting in Abu Dhabi, and the long-awaited opening of the Guggenheim Abu Dhabi, all signaling commercial maturity in the area.

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A previously unknown red-chalk drawing by Michelangelo, a study for the foot of the Libyan Sibyl from the Sistine Chapel ceiling, sold for $27.2 million at Christie’s New York on Thursday, far exceeding its $1.5–$2 million estimate. The work was submitted to Christie’s online estimate portal last March by an anonymous owner who inherited it from their grandmother; it had hung on a wall for years, assumed to be a copy. After months of authentication using infrared reflectography and cross-referencing with drawings at the Metropolitan Museum of Art and the Uffizi Gallery, Christie’s specialists confirmed it as an authentic Michelangelo. The sale set a new auction record for the artist, surpassing the previous $24.3 million record set at Christie’s Paris in 2022.

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Thaddaeus Ropac is opening a new project space in New York and has hired Emilio Steinberger as a senior director. Hauser & Wirth now represents artist Conny Maier in collaboration with Société in Berlin. Zippora Elders Tahalele has been appointed director of the Nederlands Fotomuseum. The Tulsa Artist Fellowship announced its 2026–28 cohort of ten artists and arts workers. The ADAA appointed four new board members: Elizabeth Feld, Bridget Moore, Yancey Richardson, and Melissa Timarchi. Sotheby's second sale in Saudi Arabia, 'Origins II,' totaled $19.6 million, with a record $2.1 million for Safeya Binzagr's work. The article also covers Art Basel Qatar's first edition, with comments from Sheikha Al-Mayassa bint Hamad bin Khalifa Al-Thani and artistic director Wael Shawky.

art world insiders 2026 market predictions new years 1234768290

Art world insiders share their predictions for 2026, anticipating a market rebound after a turbulent 2025 marked by gallery closures and tariff announcements. Key developments include the launch of new art fairs by Art Basel and Frieze in Qatar and Abu Dhabi, the return of the Whitney Biennial and Venice Biennale, and a surge in estate-driven sales as the Great Wealth Transfer accelerates. Experts note a revival of interest in Old Masters and classic taste, with collectors returning to bidding and galleries seeing renewed activity.

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ARTnews has added 20 new collectors to its prestigious Top 200 Collectors list for 2025, reflecting the expanding global reach of serious art collecting. The new cohort includes figures from Latin America, the Gulf region, Southeast Asia, and the United States, such as Catherine Petitgas, Ariel Marcelo Aisiks, Sara Alireza, Faisal Tamer, Basma Al Sulaiman, Sheikh Hamad bin Abdullah Al Thani, Purat “Chang” Osathanugrah, Belinda Tanoto, Andreas Teoh, artist Rashid Johnson, Solomon R. Guggenheim Foundation president Wendy Fisher, Napster cofounder Sean Parker, Fanatics founder Michael Rubin, and Oscar L. Tang and Agnes Hus-Tang, who donated $125 million to the Metropolitan Museum of Art. Several new additions are second-generation collectors, and many have built private spaces to show their collections, such as Alexander Petalas’s Perimeter in London, Osathanugrah’s upcoming Dib Bangkok, and Basma Al Sulaiman’s virtual museum BASMOCA.

frieze abu dhabi fair announced 1234756413

Frieze, the London-based art fair organizer, announced it will launch Frieze Abu Dhabi in November 2026, partnering with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). The new fair will replace the existing Abu Dhabi Art fair, which has run since 2007, and will take place at Manarat Al Saadiyat in the Saadiyat Cultural District. The announcement follows Frieze's recent acquisition by Mari, a company founded by Ari Emanuel, and comes amid a wave of international art fair expansions in the Gulf region, including Art Basel's new fair in Doha.

Gulf art market feels the force of Middle East conflict

The ongoing conflict in the Middle East, involving the US, Israel, and Iran, has disrupted the Gulf region's art market. Key events like Art Dubai have been postponed, and the inaugural Frieze Abu Dhabi faces uncertainty, as the area's stability—crucial for attracting international dealers and auction houses—is now in question.

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The Gulf region is rapidly transforming into a primary axis for the international art trade, marked by the upcoming debut of Art Basel Qatar and the rebranding of Abu Dhabi Art as a Frieze event. While state-led museum projects have long dominated headlines, a surge of commercial activity is now taking hold as blue-chip galleries like Pace and David Zwirner join local stalwarts. This expansion comes at a strategic time as traditional markets in the U.S., U.K., and China face contraction.

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A wave of museum openings has swept the Gulf region in recent weeks, including the Zayed National Museum and the Natural History Museum in Abu Dhabi, as well as new institutions in Qatar and Saudi Arabia. These projects are part of an ambitious cultural building drive fueled by oil wealth, with Western partners such as the Louvre, the British Museum, and consultancies like Cultural Innovations providing expertise in planning, governance, and exhibition design. The Zayed National Museum, designed by Foster + Partners, features objects on loan from the British Museum, while the Natural History Museum displays a T-rex skeleton bought at Christie's.

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The Mathaf: Arab Museum of Modern Art in Doha has opened "Wafa al-Hamad: Sites of Imagination," the first solo museum exhibition dedicated to the late Qatari artist Wafa Al-Hamad (1964–2012). Curated by Lina Ramadan, the show runs through August 9 and features over 40 years of Al-Hamad's work across mediums including ink, watercolor, pastel, collage, and digital art. Al-Hamad was one of the first female students at the Qatari Free Atelier in 1981 and later became a professor at Qatar University, exhibiting in group shows across the Gulf such as the Sharjah Biennale 4 (1999) and "6 Gulf Women Artists" in Sharjah (1994).

How Much Is That Chagall in the Window: Metropolitan Opera Faces Funding Crisis After Saudi Deal Collapse

The Metropolitan Opera in New York faces a $30 million deficit after a $200 million funding deal with Saudi Arabia collapsed. The Saudi government withdrew from the agreement, which would have sent Met performers to the Royal Diriyah Opera House for three weeks each February, citing economic pressures from the Iran War and the blockage of the Strait of Hormuz. To address the shortfall, the Met is considering selling two monumental Marc Chagall paintings—The Sources of Music and The Triumph of Music (1966)—valued at $55 million, along with other options like selling naming rights or seeking a similar deal with another country.

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Art Basel, the flagship art fair, returns to Basel, Switzerland from June 17 to 22 amid a period of market contraction and geopolitical instability. The article explores key questions surrounding the fair, including whether the proliferation of new Art Basel editions in Paris and Doha is diluting interest in the original Swiss event. Gallerists and collectors weigh in, noting that while Paris is rising in importance, Basel retains unmatched prestige and draws a genuinely engaged international audience. The piece also highlights the fair's new "Premiere" section, which spotlights mid-career and established artists, featuring London gallery Edel Assanti's debut presentation of American artist Lonnie Holley.

nadine khoury founder dubai young collectors circle future collecting art gulf 1234757722

Nadine Khoury, a Dubai-based collector, curator, and art adviser, founded the Young Collectors Circle in 2023 to engage Millennial and Gen Z professionals in the Gulf region with the local art scene. The initiative offers free events such as studio visits, suppers with established collectors, and group outings to exhibition openings, aiming to make art collecting accessible and educational. Khoury, who previously worked at Green Art Gallery, started the circle with friends and grew it through social media and word-of-mouth, limiting attendance to 15 people to foster a friendly, barrier-free environment.

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The editor's letter for the 2025 ARTnews Top 200 Collectors issue recounts a cinematic moment at Art Week Riyadh in Saudi Arabia, where a government-affiliated collector described their role as "everyone and no one," reflecting the behind-the-scenes, museum-focused art acquisitions under Vision 2030. The issue features a report by Melissa Gronlund on the Gulf art scene, noting that Saudi Arabia is prioritizing museums and noncommercial programming before an independent market can emerge, while private collectors and foundations are also gaining ground. The article also highlights the cooling art market in Europe and the US, with collector Christen Sveaas criticizing blue-chip galleries for over-commercial pricing strategies.

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Art Dubai became the first major art fair to launch a dedicated digital art section in 2022, inspiring similar initiatives at Paris Photo and Art SG. Now in its fourth year, Art Dubai Digital is thriving in the Gulf region, where cities like Dubai and Abu Dhabi have heavily invested in emerging technologies, including the Dubai A.I. campus, the Museum of the Future, and teamLab Phenomena. The fair has attracted tech entrepreneurs and crypto investors, and Sotheby's recent decision to accept cryptocurrency in Saudi Arabia reflects growing infrastructure for digital art transactions. However, the question remains whether digital art can appeal to traditional collectors or will remain a separate market.

‘Everyone benefits’: Art Basel’s chief on the new Paris VVIP slot and the viability of its Qatar fair

Art Basel Paris held its fourth edition with a new VIP preview slot called Avant Première, where galleries nominated six key collectors to enter the fair on Tuesday afternoon before the main opening. Major sales were reported, including a $23 million Gerhard Richter painting at Hauser & Wirth, a Modigliani for nearly $10 million at Pace, and a $7.5 million Ruth Asawa sculpture at David Zwirner. CEO Noah Horowitz discussed the rationale for the exclusive preview, the renaming of the VIP relations team to 'collector and institutional relations,' and the viability of the upcoming Art Basel Qatar fair amid growing competition in the Gulf region.

Art Market Minute: March 9

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The Gulf region’s art market is navigating a period of significant instability as escalating geopolitical tensions between the U.S., Israel, and Iran threaten the upcoming Art Dubai fair. Long considered a safe haven for global culture and commerce, the United Arab Emirates now faces questions regarding its perceived insulation from regional conflict just weeks before its major international art event.

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Sotheby's announced that $1 billion worth of fine art and luxury goods will be unveiled during Abu Dhabi Collectors' Week, running from December 2 to 5. The event includes non-selling exhibitions of high-value artworks, such as a Rembrandt drawing and Gustav Klimt's 'Dame mit Fächer,' while luxury items like McLaren racing cars, a Jane Birkin handbag, diamonds, and real estate will be offered at auction or privately, with over $150 million going to auction and $100 million in private sales.

Frieze Taps Art Basel Veteran Frank Lasry as Chief Operating Officer

Frieze has appointed Frank Lasry as its new Chief Operating Officer, effective this June. Lasry joins the organization with an extensive pedigree in the art market, having previously served as COO at Perrotin and managing director at Art Basel, where he was instrumental in launching Art Basel Paris. His career also includes senior leadership roles at major auction houses Christie’s and Phillips, positioning him as a veteran executive with deep operational expertise across multiple sectors of the industry.

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Self-taught artist Jet Le Parti has launched Sibyl, a Los Angeles-based cultural platform and research-led advisory that operates outside the traditional gallery system. Drawing on his background in neuroscience and philosophy, Le Parti developed Sibyl as an extension of his independent practice and previous ventures like Base 36 and Relaispunkt. The platform functions as a private collection and advisory service, leveraging direct relationships with collectors to bypass traditional intermediaries and formalize a network built on artistic trust.

Art Basel Qatar, Dürer portrait debate, Paula Modersohn-Becker and Edvard Munch—podcast

The Art Newspaper's podcast covers the inaugural Art Basel Qatar art fair in Doha, discussing its impact on Qatar and the Middle East art scene. It also examines a debate over a Dürer portrait in London's National Gallery, long considered a copy but now argued to be an autograph work by a new catalogue raisonné author. The episode features a double-header exhibition at the Albertinum in Dresden pairing Paula Modersohn-Becker and Edvard Munch, with co-curator Andreas Dehmer discussing key works.

Fair behemoths bet on Gulf plus new, bigger venues for Independent—a quick look at art fairs in 2026

Art Basel and Frieze are both launching new fairs in the Arabian Gulf in 2026: Art Basel Qatar in Doha (5-7 February) and Frieze Abu Dhabi in Abu Dhabi (17-22 November). Art Basel Qatar will feature 87 galleries with solo artist presentations on the theme 'Becoming,' curated by artistic director Wael Shawky, with major dealers like Gagosian and David Zwirner participating. Frieze Abu Dhabi takes over the existing Abu Dhabi Art fair, with Dyala Nusseibeh remaining as director and Deutsche Bank as sponsor. Meanwhile, Independent's two New York fairs are moving to larger venues: the contemporary edition to Pier 36 on the East River in May, and Independent 20th Century to Sotheby's Breuer building in September. Art Cologne is also reviving its Mallorca edition at the Palau de Congressos in Palma.

Art market 2025 review: all eyes on the Gulf as Trump destabilises global order

The global art market continued to contract in 2025, with prominent galleries such as Blum, Clearing, Sperone Westwater, Tilton, Kasmin, TJ Boulting, Project Native Informant, Nir Altman, and Altman Siegel closing due to challenging macroeconomic conditions. However, a rebound emerged at the top end by autumn, driven by Sotheby's white-glove sale of the Pauline Karpidas collection, strong VVIP sales at Art Basel Paris, and New York's November auctions, where Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.3 million and Frida Kahlo's *El Sueño (la cama)* (1940) for $54.7 million. Christie's and Sotheby's reported increased sales from 2024, with second-half auctions up 26% year-on-year, though recovery remains uneven and concentrated in classic secondary-market tastes.

Ahead of new fair in 2026, Qatar takes centre stage at Art Basel

Qatar is making a major push at Art Basel this week, highlighted by the announcement of Art Basel Qatar, a new fair launching in February 2026. Models of upcoming cultural venues, including the Herzog & de Meuron-designed Lusail Museum, are on display in the Collectors Lounge, while Qatar Airways has announced a global partnership with Art Basel. Sheikha Al-Mayassa bint Hamad bin Khalifa Al Thani made a rare public appearance, speaking on a panel about the country's cultural ambitions and the role of art in addressing post-colonial identity and conflict.

The UAE’s art market is on the up

The UAE's art market is experiencing a resurgence nearly two decades after the 2008 financial crash, driven by a booming economy and strategic investments. Key developments include an Abu Dhabi sovereign wealth fund, ADQ, acquiring a $1 billion stake in Sotheby's, and Art Basel announcing a new fair in Doha, Qatar, set to launch in February 2026. Meanwhile, Christie's is expanding its Dubai office, and Saudi Arabia hosted its inaugural Art Week Riyadh in April, featuring 32 commercial galleries. Despite these regional moves, Dubai remains the Gulf's commercial art hub, with Sotheby's chairman Edward Gibbs noting a 70% increase in regional bidders over five years and Christie's president Anthea Peers reporting that sales of modern Middle Eastern art trebled between 2020 and 2024.