Paint Drippings: Art Industry News February 23

paint drippings art industry news feb 23

This week’s art industry roundup highlights major shifts across the global market, including Art Basel’s announcement of 290 galleries for its flagship Swiss fair and Sotheby’s adjustment of its buyer’s premium rates. Significant personnel moves include Devyani Saltzman’s abrupt departure from the Barbican, which sparked an open letter from over 170 cultural figures, and Anne-Claire Legendre becoming the first woman to lead Paris’s Arab World Institute.

Human Touch Wins Big With the 2026 Loewe Craft Prize

Jongjin Park won the 2026 Loewe Foundation Craft Prize and €50,000 for his work "Strata of Illusion, 2025," which combines glassblowing and bookbinding techniques using porcelain-coated paper layers. The ceremony took place at the National Gallery Singapore, with a jury led by Loewe's new creative directors Jack McCollough and Lazaro Hernandez, alongside architects Minsuk Cho, Frida Escobedo, Wang Shu, and Patricia Urquiola. Special mentions went to Graziano Visintin for his necklace "Collier" and a collaborative piece by Baba Tree Master Weavers and Álvaro Catalán de Ocón. The exhibition of 30 finalists, selected from over 5,100 applicants across 133 countries, runs at the National Gallery Singapore through June 14.