Art News. Vasari Codex

paint drippings art industry news nov 14 2713592

This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.

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The Gallery Climate Coalition (GCC), a London-based organization with 2,000 members across 60 countries, released a report titled "Five-Year Review of Climate Action in the Visual Arts" during London Art+Climate Week, timed with the UN climate summit Cop30 in Brazil. The report reveals that 80 percent of members who began tracking their carbon footprint in 2019 have reduced their impact by 25 percent, and are on track to cut emissions by 50 percent by 2030. Key sources of emissions include shipping, air travel, and energy use, accounting for 80 to 95 percent of members' carbon output. Christie's London, which hosted a launch event, reported a 69 percent reduction in emissions from 2019 to 2024 through renewable energy and reduced catalog publishing.

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