Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

San Francisco’s Modern Art Museum Reimagines the Fisher Collection

The San Francisco Museum of Modern Art (SFMOMA) has unveiled a massive reinstallation of the Doris and Donald Fisher Collection, featuring approximately 250 works. This presentation is part of a landmark 100-year partnership established in 2009, which requires the museum to dedicate significant gallery space to the Fishers' holdings every decade. The current exhibition showcases blue-chip staples of postwar and contemporary art, including major works by Ellsworth Kelly, Gerhard Richter, and Agnes Martin.

An Audacious $724 Million Building Reinvents LACMA

The Los Angeles County Museum of Art (LACMA) has unveiled the David Geffen Galleries, a $724 million architectural feat designed by Peter Zumthor. This massive, horizontal structure spans over Wilshire Boulevard, replacing several older buildings with a single, elevated concrete form. The new space abandons traditional chronological and geographical silos in favor of rotating, thematic displays that integrate the museum’s diverse encyclopedic collections.

Art Movements: Look Who’s Headed to Perrotin Gallery

The French mega-gallery Perrotin has added sculptor Alma Allen to its roster. Allen previously caused controversy by accepting a nomination to represent the United States at the Venice Biennale under the Trump administration's State Department, a decision that led his former galleries to drop him. The article also notes other industry news, including Keisha Scarville winning the Brooklyn Museum's UOVO Prize and Marina Abramović creating an inflatable installation for New York's Balloon Museum.

Matisse, 1941-1954 review – hit after glorious hit in a show of life-enhancing genius

A major exhibition at the Centre Pompidou and the Grand Palais focuses on the final, revolutionary period of Henri Matisse's career, from 1941 to 1954. The show charts his artistic reinvention following a life-threatening surgery, beginning with obsessive, reworked paintings from his Nice studio during the war and culminating in the radiant, large-scale cut-outs for which he is widely celebrated.

Smiljan Radic Wins the Pritzker Prize, ‘Men Retire But Women Get Fired From Museum Leadership’ Says Anne Pasternak: Morning Links for March 13, 2026

Smiljan Radic Wins the Pritzker Prize, ‘Men Retire But Women Get Fired From Museum Leadership’ Says Anne Pasternak: Morning Links for March 13, 2026

Chilean architect Smiljan Radic has won the 2026 Pritzker Prize, architecture's highest honor. The award, which had been delayed due to the Pritzker family's past associations with Jeffrey Epstein, recognizes Radic's lyrical and experimental designs that embrace fragility and dialogue with natural environments, creating what the jury described as "optimistic and quietly joyful shelter."

Matisse Is a Crowd-Pleaser. Here’s What the Crowds Rarely Get to See

Acquavella Galleries in Manhattan has unveiled a major exhibition featuring over 50 works by Henri Matisse, many of which are rarely seen pieces drawn from private collections. This comprehensive survey includes paintings, drawings, and sculptures that span the artist's prolific career, offering a unique glimpse into works that typically remain behind closed doors.

Hirshhorn Director Melissa Chiu Departs to Lead Guggenheim Museum

Melissa Chiu is stepping down as director of the Hirshhorn Museum and Sculpture Garden after a decade-long tenure to lead the Solomon R. Guggenheim Museum in New York. Appointed by Guggenheim Foundation CEO Mariët Westermann, Chiu will officially assume her new role on September 1, while deputy director Aaron Seeto takes the interim helm at the Hirshhorn.

Calvin Tomkins, Who Profiled Giants of Modern Art, Dies at 100

Calvin Tomkins, the longtime New Yorker staff writer renowned for his profiles of major 20th-century artists, has died at the age of 100. His career spanned more than six decades at the magazine, where he produced intimate and influential portraits of figures like Marcel Duchamp and Robert Rauschenberg, and authored several books including "Living Well Is the Best Revenge."

In a Historic Kyoto Neighborhood, a New Hotel Channels the Past

A new hotel, the Ace Hotel Kyoto, has opened in the historic Umekoji neighborhood, housed within a renovated 1920s brick building that was once the Kyoto Central Telephone Office. The project, a collaboration between Ace Hotel Group and Japanese developer NTT Urban Development, blends the original structure's industrial character with contemporary design by Kengo Kuma and Commune Design, featuring guest rooms, restaurants, and a gallery space.

The Show the Art World Loves to Hate Gets a Soul

The 60th Venice Biennale, titled "Stranieri Ovunque – Foreigners Everywhere," has opened to a polarized reception. Curated by Adriano Pedrosa, it is the first Biennale led by a Latin American curator and heavily features artists from the Global South, Indigenous creators, and queer artists, marking a significant departure from the Eurocentric focus of past editions.

The Met’s blockbuster Raphael exhibition looks beyond the artist’s idealised Madonnas

The Metropolitan Museum of Art in New York has opened "Raphael: Sublime Poetry," the first comprehensive exhibition of the Renaissance master in the United States. The ambitious show gathers 237 works, including 33 paintings and 142 drawings, spanning Raphael's entire career and featuring major loans like *The Alba Madonna* from the National Gallery of Art in Washington and *Portrait of Baldassare Castiglione* from the Louvre.

The New New Museum

The New Museum in Manhattan reopens to the public after a two-year closure, marked by a major expansion and a new building. Its inaugural exhibition explores themes of humanity amid technological change, though the architectural redesign has drawn some criticism from New Yorkers for its perceived corporate and hostile aesthetic.

Gainsborough’s Powdered Wig Portraits Are Suddenly Hot in New York

A new exhibition at the Frick Collection in New York has assembled 25 portraits by the 18th-century British painter Thomas Gainsborough. The show focuses on his depictions of the era's elite, showcasing the powdered wigs, lavish fabrics, and social stature of his sitters.

A Painter Faces His Biggest Show, and the Truth About Success

Hurvin Anderson is preparing for a major retrospective of his work at Tate Britain, a significant milestone in his career. Despite this achievement, the artist expresses a complex and uncertain relationship with his own success, reflecting on his journey and the meaning of recognition.

Can a Play Capture an Artist as Enigmatic as Henry Darger?

Can a Play Capture an Artist as Enigmatic as Henry Darger?

A new play, *Bughouse*, is attempting to portray the life of reclusive artist Henry Darger on stage at New York's Vineyard Theater. The one-man show, starring John Kelly, draws from Darger's own lengthy autobiography to depict his traumatic childhood, institutionalization, and decades of solitary life in Chicago, where he secretly created his vast, fantastical artwork and writings.

A Thomas J Price Bronze Opens Door to London’s V&A East

British artist Thomas J Price has unveiled a monumental bronze sculpture at the entrance of the Victoria and Albert Museum’s new outpost, V&A East, in Stratford, East London. The large-scale work depicts an anonymous Black figure, continuing Price's practice of utilizing the traditional language of monumental sculpture to celebrate everyday individuals who are often marginalized in public spaces.

What to See This Spring at Museums Across the U.S.

Major museums across the United States are preparing to launch a diverse array of exhibitions for the spring season. Highlights include a comprehensive Marcel Duchamp retrospective at the Museum of Modern Art in New York, an exploration of Etruscan civilization at the de Young Museum in San Francisco, and a major fashion-focused exhibition at the Phoenix Art Museum.

MoMA Survey Shows How Marcel Duchamp Changed the Art Game

The Museum of Modern Art (MoMA) has launched a comprehensive survey of Marcel Duchamp’s work, highlighting the artist's revolutionary impact on the definition of art. The exhibition traces Duchamp's transition from traditional painting to his radical 'readymades,' which prioritized intellectual concepts over aesthetic craftsmanship.

Getty Center in Los Angeles Is Closing for Year of Renovations

The Getty Center in Los Angeles has announced it will close to the public for a full year starting in March 2027. This significant hiatus is required to facilitate a major infrastructure overhaul, primarily focusing on the replacement of its aging computer-operated tram system and the modernization of several gallery spaces within the Richard Meier-designed campus.

Protests in Mexico Challenge Move of Frida Kahlo Trove to Spain

A heated controversy has erupted in Mexico following the decision to move a massive trove of Frida Kahlo and Diego Rivera artworks to Spain for a long-term loan. Protesters and cultural advocates are challenging the relocation of the Dolores Olmedo Museum collection, which includes some of Kahlo’s most iconic paintings, to a new private museum in Madrid. In response to the backlash, Mexican officials have issued public assurances that the collection remains national heritage and is legally required to return to Mexico by 2028.

Why Felix Gonzalez-Torres’s Go-Go Dancer Piece Remains Subversive

The New York Times examines the enduring power of Felix Gonzalez-Torres's 1991 performance piece "Untitled" (Go-Go Dancing Platform), in which a go-go dancer performs on a pedestal for a brief, scheduled period each day. The work, currently on view at the Art Institute of Chicago, uses the dancer's absence as a central component, creating a poignant metaphor for queer presence and loss.

The Titan of Land Art Moves Indoors and Gets Intimate

Michael Heizer, the pioneering Land Art figure known for monumental desert works like "City" and "Double Negative," is presenting a new exhibition of smaller-scale, indoor sculptures at Gagosian Gallery in New York. The show, titled "Collapse," features a series of large, geometric steel forms that, while still substantial, represent a significant shift in scale and context from his earth-moving outdoor projects.

Pat Steir, known for her colorful, cascading “Waterfall” paintings, dies at 87.

Pat Steir, the influential abstract painter celebrated for her large-scale "Waterfall" works created by pouring paint down the canvas, has died at the age of 87. Her death was confirmed by family and her gallery, Hauser & Wirth.

The Angel of History Is Stuck in Jerusalem

The Jewish Museum in New York's exhibition 'Paul Klee: Other Possible Worlds' is missing its central artwork, Paul Klee's 'Angelus Novus' (1920). The original, owned by Walter Benjamin and normally housed at the Israel Museum in Jerusalem, is absent due to "current conditions affecting international transport," a likely reference to the Israel-Hamas war. A reproduction stands in its place, alongside Benjamin's famous 'Angel of History' text, which interprets the angel as a figure witnessing the catastrophic pile-up of history.

What to Know About Banksy and the Street Artist’s Identity

Reuters has conducted an investigation that claims to have identified the famously anonymous street artist Banksy. The report's key evidence is a police report from Banksy's arrest in New York City approximately twenty years ago.

Daring and Dazzling, a New LACMA Floats Above Los Angeles

The Los Angeles County Museum of Art (LACMA) has unveiled its new $724 million David Geffen Galleries, a long-awaited and controversial expansion designed by Swiss architect Peter Zumthor. The structure, which spans Wilshire Boulevard with its distinctive horizontal, glass-walled design, marks the culmination of a decade-long effort to modernize the campus and replace several aging buildings.

The Sense of Touch at Billboard Scale

Conceptual artist Ann Hamilton has debuted a new series of large-scale scanner photography installations at the Cleveland Museum of Art. Moving from her signature immersive environments to high-resolution digital captures, Hamilton utilizes a flatbed scanner to document the tactile qualities of various objects and figures, enlarging them to billboard proportions to emphasize the intimacy of touch.

A Senegalese Artist Who Crossed Boundaries Others Didn’t Dare

A major exhibition at the Metropolitan Museum of Art is dedicated to the work of Senegalese modernist painter Iba Ndiaye. The show, "Iba Ndiaye: The Studio of the World," presents a comprehensive look at his career, tracing his journey from Senegal to Paris and his unique synthesis of global artistic traditions.

Paris Man Wins $1.2 Million Picasso Painting in Charity Raffle

A Parisian software salesman, Christophe Dothen, won a 1921 oil painting by Pablo Picasso titled 'Nature Morte' in a charity raffle. The raffle, which sold tickets for 100 euros each, raised over $5 million for the international charity Abridge, which provides clean water to villages in Africa.