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morgan stanley intelligence report triumph contemporary 2109417

Morgan Stanley and Artnet have released an Intelligence Report analyzing the explosive growth of the ultra-contemporary art market—defined as work by artists born after 1974. Auction sales in this category surged 305% from 2019 to 2021, reaching $742.2 million last year, driven by strong demand in the U.S. and China. The report breaks down sales by region, price band, and leading artists, highlighting how galleries, fairs, museums, and collectors are capitalizing on this trend.

Art Basel’s Soft Opening Belies Strong, Swift Sales Across Tiers

Art Basel's 2025 edition opened with a soft atmosphere that belied strong and swift sales across all price tiers. Major galleries reported significant transactions: David Zwirner sold 68 works including a $9.5 million Ruth Asawa sculpture and a $6.8 million Gerhard Richter painting; Gladstone placed a $3.5 million Keith Haring piece; and Thaddaeus Ropac sold a €1.8 million Georg Baselitz and a $1.8 million James Rosenquist painting to a European institution. White Cube, Hauser & Wirth, and Tina Kim Gallery also reported robust sales, with works by artists such as Dana Schutz, Marlene Dumas, Yayoi Kusama, and Ha Chong-Hyun moving quickly. However, mid-tier galleries like Marianne Boesky Gallery noted more cautious, eye-driven buying rather than the frenzied chasing of past years.

Un’isoletta tutta dedicata all’arte nel mezzo della Laguna di Venezia. Va avanti il progetto della Fondazione Sandretto Re Rebaudengo sull’Isola di San Giacomo

The Fondazione Sandretto Re Rebaudengo has opened a new art space on the island of San Giacomo in the northern Venetian lagoon, acquired in 2018 by Patrizia Sandretto Re Rebaudengo and Agostino Re Rebaudengo. The island, previously abandoned, has been transformed into a laboratory for art and sustainability, with a gradual opening plan that initially aligns with the Venice Biennale. The inaugural program launched on May 7, 2026, includes a solo exhibition by Matt Copson curated by Hans Ulrich Obrist, a group show titled 'Don’t have hope, be hope!', and a photographic documentation of the restoration process by Giovanna Silva and Antonio Fortugno.

'A Serene Look upon the World' at Mendes Wood DM, Brussels, Belgium on 22 Apr–30 May 2026

Mendes Wood DM in Brussels presents 'A Serene Look upon the World,' a group exhibition running from 22 April to 30 May 2026. The show features 22 artists including Lucas Arruda, Hiroshi Sugimoto, Lee Ufan, and Daniel Steegmann Mangrané, whose works explore the sublime as a tension between permanence and transformation. The exhibition juxtaposes painting, photography, sculpture, and mixed media to evoke moments of pause before the overwhelming, drawing on philosophical ideas from Longinus and Kant.