paint drippings art industry news jul 7 2664592

This week's art industry news covers major auction results, gallery changes, and restitution developments. At Christie's Old Masters evening sale in London, Canaletto's "The Return of the Bucintoro on Ascension Day" set a new auction record for the artist at £31.9 million ($43.9 million), leading the sale to a total of £60.8 million. Sotheby's Old Masters evening sale brought in £14.5 million, with three new records including Diana de Rosa's "Salome with the Head of Saint John the Baptist" selling for £317,500. A rare early watercolor by Man Ray, "Nude Playing Musical Instrument" (1913), resurfaced after decades and will be auctioned at Dreweatts. In gallery news, Blum gallery laid off most of its staff and plans to cease brick-and-mortar operations, while Waddington Custot announced a new Paris space, and Company Gallery hired Subhas Kim Kandasamy as executive director. White Cube now represents Firenze Lai, and JD Malat Gallery launched a new initiative for UAE artists. In restitution, the Netherlands returned 119 Benin Bronzes to Nigeria, and the Museum of Fine Arts, Boston, transferred two Benin works to the Oba of Benin.

art galleries closing museum restaurants wet paint 2667206

Artnet News' Wet Paint column reports a wave of gallery closures and rumors in New York's art scene. Blum and Venus Over Manhattan have recently shut down, while Clearing's Bowery space temporarily became a Tank Air clothing pop-up, not a permanent closure. Micki Meng sent a cryptic 'I'm quitting' email but clarified it was a reference to Marcel Duchamp, not a business closure. Jack Barrett Gallery is relocating, not closing, and Tramps has closed its Washington Square Park location while planning a new Paris outpost. Jack Hanley, who closed his gallery in January, is now painting in the Hamptons.

A centenary of style: why Art Deco's market appeal is evergreen

Art Deco, the French-led Modernist style that flourished between the world wars, is experiencing a centenary peak this autumn. A major exhibition at Paris’s Musée des Arts Décoratifs, titled "1925-2025: One Hundred Years of Art Deco" (through April 2026), leads institutional celebrations, with smaller shows at the Musée Zadkine and Cité de l’Architecture et du Patrimoine, and a poster survey at the London Transport Museum. The style is also prominent on the art fair circuit: Eileen Gray’s Dragon armchair (1917-19) was redisplayed at FAB Paris, Galerie Jacques Lacoste featured a Deco stand at PAD London, and focused presentations are planned at Salon Art + Design in New York. Galleries like Galerie Marcilhac are expanding, with a new Paris space and plans to showcase Deco designers at upcoming fairs.

A Radical Post-Impressionist Movement Returns to Paris

Waddington Custot gallery has opened a new Paris location in Saint-Germain-des-Prés with the inaugural exhibition "The Nabi Shock." The show presents works by key figures of the late-19th-century Nabis movement, including Émile Bernard, Pierre Bonnard, and Edouard Vuillard, alongside contemporary artists like Fabienne Verdier and Pierre Knop to illustrate the movement's ongoing influence.

‘Everyone benefits’: Art Basel’s chief on the new Paris VVIP slot and the viability of its Qatar fair

Art Basel Paris held its fourth edition with a new VIP preview slot called Avant Première, where galleries nominated six key collectors to enter the fair on Tuesday afternoon before the main opening. Major sales were reported, including a $23 million Gerhard Richter painting at Hauser & Wirth, a Modigliani for nearly $10 million at Pace, and a $7.5 million Ruth Asawa sculpture at David Zwirner. CEO Noah Horowitz discussed the rationale for the exclusive preview, the renaming of the VIP relations team to 'collector and institutional relations,' and the viability of the upcoming Art Basel Qatar fair amid growing competition in the Gulf region.

What to expect from Fondation Cartier's new Parisian home

Fondation Cartier pour l’art contemporain will open its highly anticipated new Paris gallery at Place du Palais-Royal, opposite the Louvre, on 25 October 2025. The inaugural exhibition, Exposition Générale (running until 23 August 2026), features over 600 works by more than 100 artists, drawn from the foundation's collection of around 4,500 pieces. Designed by Italian studio Formafantasma, the show is organized into four thematic sections—Machines d’architecture, Être nature, Making Things, and un monde réel—and includes works by Sarah Sze, Rinko Kawauchi, Patti Smith, James Turrell, Vija Celmins, Joan Mitchell, Damien Hirst, and others. The building, part of the former Louvre des Antiquaires complex, was reconfigured by architect Jean Nouvel, adding 6,500 sq. m of exhibition space with a library, auditorium, and restaurant.

Evelyn Lin to Lead Sotheby’s Asia Modern and Contemporary Art, After Pace Hong Kong Shutters

Evelyn Lin is returning to Sotheby’s as chairman of Modern and contemporary art, Asia, starting November 3, after a one-year stint at Pace gallery. She will help lead the inaugural marquee sale at Sotheby’s new global headquarters in New York’s Breuer Building. The appointment follows the departure of Elaine Holt and the closure of Pace’s Hong Kong space, which will not renew its lease at H Queen’s after its current exhibition closes on October 18.

France reckons with Nazi-looted art in a new Paris museum gallery

France has opened a new permanent gallery at the Musée d'Orsay in Paris dedicated to displaying Nazi-looted artworks that remain unclaimed. The gallery features 13 works from the MNR (Musées Nationaux Récupération) collection, including a painting by Alfred Stevens originally destined for Hitler's planned museum in Linz. The display is the first in the museum's history to show the backs of paintings, revealing stamps, labels, and inventory marks that trace how each piece moved from private Jewish homes into Nazi hands. The museum also launched its first research unit to trace rightful heirs, led by Ines Rotermund-Reynard.

CARTIER FOUNDATION. A THIN LINE BETWEEN EXTRACTIVISM AND CULTURAL RECLAMATION

FUNDACIÓN CARTIER. UNA DELGADA LÍNEA ENTRE EXTRACTIVISMO Y REIVINDICACIÓN CULTURAL

The Cartier Foundation inaugurated its new Paris headquarters on October 25 with the exhibition "Exposition Générale." The curatorial approach and, most notably, the labyrinthine architectural design by Jean Nouvel have drawn criticism from the specialized press, described as disappointing and patchwork. The new space, a dense black cube in central Paris, represents a radical departure from the foundation's previous luminous, glass-walled hall, forcing a complete rethinking of how to present its 40-year collection.

fashion anthony vaccarello saint laurent designer

Anthony Vaccarello, creative director of Saint Laurent, has opened a new Paris flagship store at 37 Avenue Montaigne, housed in the former Canadian embassy. The store reflects his vision with a mix of modern design and vintage furniture, including pieces by Jean-Michel Frank and François-Xavier Lalanne, alongside contemporary artworks by Mark Bradford, Camille Henrot, and Thomas Houseago on loan from the Pinault Collection. Vaccarello discusses the two-year transformation, his approach to retail as a context for the clothes, and his broader creative expansions into film with Saint Laurent Productions and the revival of Charlotte Perriand furniture designs.

art young photographer dali schell

Adali Schell, a photographer from Southern California with family ties to rural Ohio, is featured as a young artist nominated by Paris Chong, director of Leica Gallery LA. Schell is known for a series capturing friends with their first cars, and his work has appeared at Les Rencontres d'Arles and in publications such as The Guardian, The New York Times, and The New Yorker. The article includes Schell's personal reflection on his artistic journey, from starting with an iPod Touch camera in fifth grade to focusing on intimate portraits of family and friends.