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.

fashion loewe craft prize 2026 announcement

The Loewe Foundation has announced the shortlist for the 2026 Loewe Craft Prize, selecting 30 finalists from over 5,100 submissions across 133 countries and regions. The winner will be revealed on May 12 at a ceremony in Singapore, receiving €50,000, with two special mentions earning €5,000 each. An exhibition of the finalists' work will be held at the National Gallery Singapore. New Loewe creative directors Jack McCullough and Lazaro Hernandez will join the jury for the first time. The nominated works span ceramics, woodwork, textiles, metal, glass, and more, with finalists hailing from 19 countries including Nigeria, Japan, South Korea, Brazil, and the United States.