phillips tests lichtenstein market vandalized painting priced 20 million 719840

Phillips New York is offering Roy Lichtenstein's 1994 painting *Nudes in Mirror* with a $20 million estimate this fall, despite—or perhaps because of—its history of vandalism. The work, from the Rush Family Collection, was slashed by a mentally unstable woman while on loan to the Kunsthaus Bregenz in Austria in 2005, leaving four 12-inch gashes that have since been expertly restored. Phillips is openly embracing the attack as part of the painting's mythology, detailing the incident in its catalogue and comparing it to other famous acts of art vandalism.

the art market has lost its grip on price 2653663

Former Sotheby's rainmaker Brooke Lampley, now a director at Gagosian, discusses the art market's loss of control over pricing, citing a failed $70 million Alberto Giacometti bust at auction as a symptom of deeper market confidence issues. The article traces the evolution of art pricing from opaque, dealer-driven norms to a data-rich system enabled by Artnet's Price Database in 1989, which fueled a price spiral and attracted speculators. Now, in 2025, the market faces a correction with auction sales down 27.3 percent to $10.2 billion, and buyers are pausing as traditional pricing signals become scrambled.

price check art basel basel 2025 2660511

Art Basel in Basel has concluded, with galleries reporting hundreds of sales despite low expectations set by lackluster New York auction results. Dealers shared prices ranging from $1 million to $17 million, with top sales including David Hockney's *Mid November Tunnel* (2006) at Annely Juda Fine Art ($13M–$17M), a Ruth Asawa sculpture at David Zwirner ($9.5M), and a Gerhard Richter painting at David Zwirner ($6.8M). Other notable transactions include works by Keith Haring, Mark Bradford, Georg Baselitz, and George Condo, though many galleries provided only price ranges and withheld exact titles or mediums.

william monk pace frieze london 2025 1234757216

British painter William Monk is presenting a new series of paintings at Pace Gallery's solo booth at Frieze London 2025. The works, created during a residency at the Neuendorf House in Mallorca, feature obsessive cactus forms and a sentinel figure evolving from his earlier Ferryman series. Monk's studio visit reveals his meticulous process of controlling every detail, with paintings that recall Seurat and Bonnard in their dense, rhythmic brushwork.

alejandro pineiro bello neuendorf residency 2634572

Cuban-born, Miami-based artist Alejandro Piñeiro Bello arrived at the Neuendorf Residency in Mallorca with plans to use art supplies shipped from mainland Spain, but they never arrived. Undeterred, he worked with only watercolors and paper he had packed, drawing inspiration from the surrounding cliffs, sea, and plant life. The residency, housed in a minimalist building designed by John Pawson and Claudio Silvestrin and commissioned by Artnet founder Hans Neuendorf, offered him solitude to create memory-based paintings of swimmers and landscapes.

top 6 accidents in museums 510965

This article from Artnet News compiles a list of notable accidents in museums, where visitors, children, or even curators have inadvertently damaged valuable artworks and artifacts. Incidents include a four-year-old boy shattering a $15,000 Lego sculpture of a Zootopia character, a 12-year-old boy punching a $1.5 million Baroque painting by Paolo Porpora at Huashan 1914 Creative Park in Taipei, a Cy Twombly sculpture knocked over at the Menil Collection in Houston, and a visitor breaking a 4,000-year-old Minoan vase at the Heraklion Archaeological Museum in Crete. The article is framed as a lighthearted yet cautionary look at the fragility of museum objects and the human errors that lead to their damage.

ceo jacob pabst interview 2612309

Jacob Pabst, CEO of Artnet, reflects on the company's transformation since taking the helm in 2012, including the launch of Artnet News in 2014 as a digital-first publication. In an interview, he discusses how the platform grew to become the most-read art publication globally, with over 200 million annual page views, by prioritizing real-time news and market analysis over traditional print cycles.

hilmas ghost feminist witch collective 2007316

At the Armory Show in New York, psychic medium Sarah Potter is offering tarot card readings at the booth of Chicago's Carrie Secrist Gallery using a deck designed by the feminist art collective Hilma's Ghost. The collective, formed during lockdown by abstract artists Dannielle Tegeder and Sharmistha Ray, created "Abstract Futures Tarot," a series of 78 gouache, ink, and colored pencil paintings inspired by pioneering abstractionist Hilma af Klint and the Rider–Waite tarot deck by Pamela Colman Smith. The works, priced at $4,000 each, are the result of 500 hours of collaborative painting, and the deck is also sold in a limited edition of 300, with 215 already sold.

cultural projects worth 6 13 billion were finished in 2024 a big drop from 2023 report 2634637

The 2024 Cultural Infrastructure Index (CII) reports a 17% drop in completed cultural projects (from 192 to 159) and a 29% decline in total cost, from $8.58 billion to $6.13 billion. However, the value of future projects announced in 2024 rose 47% to $8.32 billion, though the number of announced projects fell from 198 to 175, indicating fewer but more expensive buildings. The report, developed by AEA Consulting, tracks 334 large-scale cultural infrastructure projects worldwide, with museums and galleries remaining the most common building type. The U.S. led with 62 new facilities, while the Grand Egyptian Museum in Giza was the most expensive completed project at $1 billion, and the Metropolitan Museum of Art's new modern wing topped announced projects at $500 million.

Inside the Inaugural Edition of Art Cologne Palma Mallorca

The inaugural edition of Art Cologne Palma Mallorca took place from April 9–12, 2026, attracting 88 galleries from 20 countries and over 10,000 visitors to the Mediterranean island. The fair, held at the Palau de Congressos Convention Centre, reported strong sales and sold-out weekend days, with Artistic Director Daniel Hug praising the high level of engagement and positive response from both exhibitors and attendees. A second edition has already been scheduled for April 1–4, 2027.

simon de pury artnet hans neuendorf 2667480

Simon de Pury pays homage to Hans Neuendorf, the visionary founder of Artnet, following the announcement of Artnet's sale at the end of May. De Pury recounts Neuendorf's background as a successful art dealer who championed underappreciated artists like Francis Picabia, and describes how Neuendorf revolutionized the art world by creating the world's most comprehensive auction results database in 1989 (initially called Centrox). The article contrasts the pre-digital era of manually filing auction results with the instant access Artnet now provides, and notes that Neuendorf later expanded the platform with Artnet News and Artnet online auctions.

artnet ceo resigns handelblatt 1234754723

Jacob Pabst, CEO of Artnet AG, resigned late Sunday night just before the company's annual general meeting in Berlin. His contract had expired at the end of August, and he cited a failure to reach an agreement on continuing. Andrew E. Wolff, who holds about 98.93% of Artnet shares and also owns rival platform Artsy, will serve as interim CEO. The meeting proceeded without Artnet management present, leading to criticism from investor-protection group DSW. Shareholders were given an overview of 2024 finances and approved the creation of authorized capital for a possible increase of up to 50% of share capital. Former major shareholder Rüdiger K. Weng announced he will pursue civil and criminal claims against members of the founding Neuendorf family and board members.

beowolff capital artnet takeover 2649474

Investment group Beowolff Capital has announced a voluntary takeover offer for Artnet, valuing the company at approximately €65 million ($73.7 million). Beowolff Capital, a U.K.-registered firm led by CEO Andrew Wolff, has already secured 65% of Artnet's shares and plans to delist the company from the Frankfurt Stock Exchange. The deal includes the purchase of a 29.99% stake from Weng Fine Art AG, ending a long-running control struggle. Artnet's management supports the offer, which is expected to close on May 30, 2025.

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