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shanghai art021 west bund art recap 1234762135

Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.

christies sothebys auction houses luxury fashion art 1234749341

Auction houses Christie's, Sotheby's, and Phillips are increasingly relying on luxury goods—such as handbags, jewelry, wine, and whiskey—to offset a sharp decline in fine art sales. Fine art sales at these houses fell 44% in the first half of 2025 compared to 2022, creating a roughly $3 billion gap. Luxury sales have surged to a 20.2% market share by value in 2025, with Christie's reporting a 30% rise in luxury sales to $468 million in the first half of 2025, and Sotheby's luxury sales topping $2 billion for three consecutive years. Notable sales include a record $10 million Hermès Birkin bag and a $72 million jewelry auction in Geneva.

phillip hoffman ed dolman patti wong consultancy new perspectives 1234746137

A group of high-profile art market veterans—Ed Dolman, Alex Dolman, Brett Gorvy, Philip Hoffman, and Patti Wong—have launched a new collaborative consultancy called New Perspectives Art Partners (NPAP). Unlike traditional advisory firms, NPAP operates on a flexible, project-based model where partners retain their existing roles and assemble only for high-level, specialized challenges. The consultancy aims to advise collectors, fiduciaries, and family offices on managing, growing, or dispersing significant collections, leveraging the partners' deep experience across auction houses, galleries, institutions, and advisory, with a global footprint spanning Hong Kong to Doha.

Carbon Strata: Billings artist finds meaning in carbon and chaos in Yellowstone Art Museum exhibit

Billings artist Jon Lodge opened his solo exhibition "Carbon Strata" at the Yellowstone Art Museum (YAM) on September 5, 2025. The sprawling multimedia show fills one of the museum's largest galleries with works climbing walls, filling skylights, and spilling onto windows and outdoor spaces, exploring abstraction and the elemental concept of carbon as a unifying thread in life and matter. Lodge, an 80-year-old multimedia creator with a decades-long career, has a long history with YAM as a supporter, donor, and collaborator, including a solo show in 1999.