Vasari Art Codex

trending_up market schedule Dec 17, 2025 visibility 2 link 10 artists, 10 galleries

The Art Market Year in Review

The art market experienced a turbulent 2025, beginning with a 12% decline in sales from 2024, following a 3% drop in 2023, as reported by the Art Basel and UBS Global Art Market Report. Major auction houses Christie’s, Sotheby’s, and Phillips saw average sales fall 6% in the first half of the year. However, the market rebounded by autumn, with strong sales at London and Paris art fairs and a 15% year-on-year increase in auction sales at the three main houses by December, according to Pi-eX. Key events included Sotheby’s failed sale of Alberto Giacometti’s *Grand tête mince* in May, followed by a record-breaking $236 million sale of Gustav Klimt’s *Portrait of Elisabeth Lederer* in November, and a $31.4 million record for François-Xavier Lalanne’s *Hippopotame Bar*.

newspaper UBS open_in_new Read original

article news schedule Dec 15, 2025 visibility 4 link 29 artists, 11 galleries

paint drippings art industry news dec 15 2729625

This week's art industry roundup covers major auction results, gallery representation changes, museum leadership shifts, and a high-profile art theft. François-Xavier Lalanne's *Hippopotame Bar* sold for $31.4 million at Sotheby's Breuer headquarters, setting a record for both the artist and design works. A Tiffany Magnolia floor lamp also set a new auction record at Sotheby's, fetching $4.4 million. Meanwhile, a New Jersey auction house quietly sold over $100,000 of Jeffrey Epstein's belongings, including artworks, without disclosing his ownership. In the gallery world, several artists changed representation, and former Clearing director John Utterson joined Thaddaeus Ropac. Museum news includes the Smithsonian's National Museum of Asian Art repatriating three Khmer-era sculptures to Cambodia, Maria Balshaw stepping down as Tate director, MoMA PS1 offering free admission starting January 1, and the Rijksmuseum planning a new branch in Eindhoven. Additionally, eight rare Matisse prints and five works by Candido Portinari were stolen from São Paulo's Mário de Andrade Library.

newspaper Artnet News open_in_new Read original

trending_up market schedule Dec 11, 2025 visibility 1 link 5 artists, 1 gallery

‘Hippopotame Bar’ Shatters Design Auction Records, Sells for $31.4 Million

François-Xavier Lalanne's 1976 'Hippopotame Bar,' a whimsical copper, steel, and wood cabinet shaped like a hippopotamus with hidden compartments, sold for $31.4 million at a Sotheby's auction on December 10, 2025. Originally commissioned by the late oil heiress and philanthropist Anne Schlumberger, the piece sparked a 26-minute bidding war that far exceeded its $7–10 million estimate, making it the most valuable design object ever sold at auction and shattering Lalanne's previous auction record.

newspaper My Modern Met open_in_new Read original

person people schedule Dec 11, 2025 visibility 2 link 11 artists, 8 galleries

consultant gulf gold rush south arts new ceo 1234766112

This week's art industry moves include South Arts appointing Doug Shipman as its next president and CEO, departing his role as Atlanta City Council president to lead the regional nonprofit across nine Southern states. London gallery Alison Jacques now represents Cape Town–born painter Gina Kuschke, with a debut solo exhibition opening January 15. Gallery Wendi Norris in San Francisco will represent the Marie Wilson estate, while Berlin's Galerie Judin adds Jorinde Voigt to its roster in partnership with David Nolan, Dirimart, and Sicardi | Ayers | Bacino. Thaddaeus Ropac appoints John Utterson as director in London, and Aperture secures $2 million in gifts toward its new permanent home. A record $31.4 million was paid for François-Xavier Lalanne's 'Hippopotame Bar' at Sotheby's New York, tripling its high estimate. The article also notes a growing trend of consultancies—mostly US- and European-based—being hired to help the UAE, Qatar, and Saudi Arabia build their cultural sectors.

newspaper ARTnews open_in_new Read original

trending_up market schedule Dec 10, 2025 visibility 6 link 10 artists, 1 gallery

lalanne hippopotame bar 31m sothebys record 1234766082

François-Xavier Lalanne’s copper sculpture-bar 'Hippopotame Bar' sold for $31.4 million at Sotheby’s in New York, more than tripling its $7–10 million estimate after a 26-minute bidding war among seven bidders. The work, commissioned in 1976 by patron Anne Schlumberger and unique in its copper execution, set a new auction record for the artist and became the most expensive work of design ever sold at auction. The sale capped a year of strong performance for Lalanne’s hybrid animal-furniture works, which have consistently outperformed expectations even in a tougher art market.

newspaper ARTnews open_in_new Read original