Art News. Vasari Codex

trending_up market schedule Jun 27, 2025 visibility 25 link 30 artists, 6 galleries

one takeaway from art basel it remains a buyers market 2659059

Art Basel 2025 saw cautious buying despite optimistic statements from major dealers like Pace's Marc Glimcher, who claimed sales velocity was as vigorous as any year. However, collector attendance was thin, with American attendance down for the second year running due to trade tensions and geopolitical concerns. Deals were closing at 20 to 30 percent below asking prices, confirming a buyer's market. Sales ranged from a $245 collectible Labubu figurine by Kasing Lung to works by Wei Libo, Joyce Joumaa, Lonnie Holley, Joan Jonas, Hao Ling, Sarah Lucas, and Rosemarie Trockel, with most activity under $1 million.

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trending_up market schedule Jun 17, 2025 visibility 19 link 6 artists, 2 galleries

rhea dillon joyce joumaa baloise art prize art basel 1234745326

The Baloise Art Prize, worth $36,800, has been awarded to artists Rhea Dillon and Joyce Joumaa at Art Basel. Dillon's "Leaning Figures" sculptures, made from soap and molasses, were presented by London's Soft Opening gallery. Joumaa's installation "Periodic Sights," shown by Montreal's Eli Kerr Gallery, features photographs of Tripoli and Beirut commenting on energy crises in Lebanon. The prize is given annually to two artists in the fair's Statements sector.

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museum exhibitions schedule Jun 17, 2025 visibility 12 link 2 artists, 1 gallery

Sculptural works by emerging artists win Baloise Art Prize

The Baloise Art Prize has been awarded to London-based artist Rhea Dillon and Lebanese Canadian artist Joyce Joumaa for their presentations in the Statements section of Art Basel. Dillon, represented by Soft Opening gallery, exhibited *Leaning Figures*, a series of wall-mounted sculptures made from resin mixed with molasses and Jamaican soil, replicating cut-crystal plates. Joumaa, shown with Montreal’s Galerie Eli Kerr, presented *Periodic Sights*, an installation of repurposed fuse boxes illuminated with photographs of everyday scenes from Beirut and Tripoli, addressing Lebanon’s energy crisis. As part of the prize, Dillon’s work was acquired by the Museum für Moderne Kunst (MMK) in Frankfurt, and Joumaa’s by Mudam Luxembourg.

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