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.

9 Contemporary Artists Conjuring Ghosts

Maxwell Rabb profiles nine contemporary artists who explore ghostly and spectral themes in their work, coinciding with two major museum exhibitions: Kunstmuseum Basel's "Ghosts: Visualizing the Supernatural" (through March 2026) and Tacoma Art Museum's "Haunted." The article traces the historical evolution of ghost imagery in art from Renaissance depictions to 19th-century psychological forms by Goya and Fuseli, through 20th-century surrealist and post-war treatments, and highlights living artists such as Xie Lei and Mariann Metsis who use haunting as a metaphor for memory, loss, and the unseen.

billionaire collector les wexner jeffrey epstein deposition 1234773967

Billionaire retail magnate and prominent art collector Les Wexner provided a closed-door deposition to the House Oversight Committee regarding his past relationship with Jeffrey Epstein. During the testimony, Wexner characterized himself as "naive, foolish, and gullible" for trusting the disgraced financier, whom he labeled a con man. While Wexner denied any knowledge of or involvement in Epstein’s criminal activities, Democratic lawmakers noted that the 88-year-old offered few new details and frequently cited a lack of memory regarding key events.

ronald lauder jeffrey epstein files 1234772151

Ronald Lauder, the billionaire art collector and heir to the Estée Lauder fortune, is named over 900 times in the recently released Jeffrey Epstein court documents. The emails reveal his assistants frequently scheduling meetings and calls with Epstein in 2017, though the substance of their discussions remains largely unclear. One email suggests Epstein sought to review Lauder's tax returns and will, while another indicates Epstein attempted to arrange a dinner involving filmmaker Woody Allen.

"Du bist nun in die ewigen Jagdgründe der Kunst entschwunden"

This week's art news roundup covers several stories: Jonathan Meese publishes an obituary for his mother Brigitte Meese in Der Spiegel, describing her as a central figure in his life and work. Pussy Riot seeks to take over the Russian Pavilion at the Venice Biennale. The European Media Art Festival (EMAF) in Osnabrück faces controversy over antisemitism allegations linked to Palestinian-American filmmaker Basma al-Sharif, leading the city and state government to distance themselves from the festival. In the NZZ, Christian Wildhagen reports on conflicts over official political portraits, citing examples like Swiss councilor Martin Neukom rejecting paintings and Donald Trump criticizing his portrait. Art historian Horst Bredekamp pays tribute to Italian philosopher Federico Vercellone (1955–2026) in the FAZ, highlighting his theory of the 'self-activity of form.'

Artists agonise over when a work is finished—but should we viewers care?

The article explores the perennial struggle artists face in determining when a work is complete, a process often fraught with the risk of overworking or 'wrecking' a piece. Drawing on insights from Howard Hodgkin and David Sylvester, it examines how artists like Degas, Matisse, and Cézanne navigated the boundary between a finished object and a work-in-progress, sometimes intentionally leaving canvases 'open' or 'fragmentarily complete' to preserve their emotional and visual immediacy.

CAM Perennial Artists Selected for 2026 Exhibition in San Antonio

Contemporary Art Month (CAM) has announced the eight artists selected for its flagship CAM Perennial exhibition in March 2026. The artists are Eva Gabriella Flynn (Las Cruces, NM), Brenda Melgoza Ciardiello (Fort Worth), Tina Linville (Waco), Adrienne Simmons (Houston), Jesselyn Gordon and Daniela Oliver de Portillo (San Antonio), and Yuliya Lanina and Matt Rebholz (Austin). In celebration of its 40th anniversary, CAM invited past Perennial curators to nominate artists from their regions. CAM board members Casie Lomeli and Leslie Moody Castro selected the finalists and will co-curate the exhibition across five San Antonio venues: Casa Pink, Outrider Gallery, Rojo Gallery, Sala Diaz, and Un Grito Gallery.

Review: “The Things We Carry” at Un Grito Gallery

The exhibition "The Things We Carry" at Un Grito Gallery serves as the centerpiece for the 2026 Contemporary Art Month (CAM) Perennial in San Antonio. Curated by Casie Lomeli and Leslie Moody Castro, the show features eight artists including Matt Rebholz, whose vibrant, alien-like landscapes subvert traditional Western imagery, and Tina Linville, who presents tactile sculptures composed of salvaged materials and concrete. The exhibition is part of a larger city-wide initiative spread across five artist-run spaces.

Free and Pay What You Wish in N.Y.C.: Museums, Movies and More

The article details a wide array of cultural institutions and events in New York City that offer free admission or operate on a "pay-what-you-wish" model. It lists specific days and times for museums, movie screenings, and other attractions where visitors can access culture without a fixed ticket price.

Take a Closer Look at These Highlights From John Moran’s Art and Design Sale

John Moran Auctioneers in California is hosting a major Art + Design sale on September 30, 2025, featuring over 350 lots of fine and decorative art, furniture, couture, and Asian antiques. Highlights include works by Richard Diebenkorn (Ochre, 1983), Davood Roostaei (Perennial Struggles, 2021), Alice Baber (The Swing and the Bridge, 1970), Wang Guangyi (Grace Family, 2004), and Wolf Kahn (Foliage in a Lemon-Yellow Surround, 2004), spanning Abstract Expressionism, Political Pop, and Color Field painting.

Contemporary Art Month in San Antonio Announces Open Call for Texas Artists

Contemporary Art Month (CAM) in San Antonio has announced the open call for its 40th anniversary CAM Perennial exhibition, inviting Texas artists to apply. The 2026 edition will be curated by Casie Lomeli and Leslie Moody Castro, both CAM Board Members, and will take place citywide at multiple artist-run spaces during March. The exhibition is not limited to local artists; past Perennial curators will also nominate artists from cities including El Paso, Dallas, Las Cruces, and Mexico City. Studio visits are planned for fall 2025, and the application deadline is September 26.