time for a right size art market national museum of libya reopens somersets cultural awakening morning links for december 16 2025 1234766946
The article covers several art-world stories from December 16, 2025. Tim Schneider in The Art Newspaper argues that the global art industry's recent downturn—marked by gallery closures and weak auction results—is not a collapse but a necessary 'right-sizing' after years of speculative overextension. Meanwhile, the National Museum of Libya in Tripoli reopened after nearly 14 years, showcasing its vast collection of classical antiquities and Libyan history, though Muammar Gaddafi's turquoise Volkswagen Beetle remains missing. Other items include a legal battle over the Sherlock Holmes Museum, a planned $41 million revamp of a 16th-century Roman villa, and a list of the year's top auction sales.
