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ken griffin global recession iran strait of hormuz 1234781281

Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.

How Josh Kline Wrote the Essay That the Art World Can’t Stop Talking About

Artist Josh Kline has sparked intense debate across the New York art world with his viral essay, "New York Real Estate and the Ruin of American Art," published in the journal October. The text serves as a scathing critique of the current state of the American art industry, diagnosing it as "sick" due to skyrocketing real estate costs, systemic power imbalances, and a market that has become an unsustainable "conveyor belt" of commercial painting. Kline argues that the economic pressures of post-pandemic New York have made the city a hostile environment for experimental and conceptual practices.

Artist Charles Ross Spent 50 Years Trying to Bring the Stars Down to Earth. At 88, Has He Done It?

Artist Charles Ross is nearing the completion of Star Axis, a monumental naked-eye observatory in the New Mexico desert that has been under construction for over 50 years. Conceived in 1971 and situated on a mesa Ross discovered in 1975, the massive architectural sculpture is designed to make the 26,000-year cycle of Earth’s axial precession perceptible to the human eye. The project began after a chance encounter with a local ranching family provided Ross with the square mile of land necessary to realize his cosmic vision.

gaza biennial new york review 1234751749

The Gaza Biennial, a major exhibition featuring 25 artists from Gaza, concluded its full run at the Brooklyn nonprofit space Recess, with an abbreviated version remaining on view until December 20. The show presents painting, video, drawing, and testimony created under siege, offering a powerful artistic response to the ongoing conflict and displacement.

The extraordinary boom in modern Indian art

Despite a general art market downturn, the market for modern Indian art is experiencing an extraordinary boom. Over the past two weeks, specialized auctions at Christie’s in New York, Saffron Art in New Delhi, Pundole’s in Mumbai, and Sotheby’s in London all sold out. Sotheby’s London sale raised £19 million, more than five times its estimate, led by record-breaking paintings by Francis Newton Souza, including *Houses in Hampstead* (1962) which sold for £5.6 million. The article traces Souza’s rebellious career, his founding role in the Progressive Artists’ Group, his struggles with obscenity charges, and his eventual posthumous market resurgence.

michaela yearwood dan longlati foundation 2732357

British artist Michaela Yearwood-Dan has opened her first solo exhibition in China, titled “RECESS,” at the Longlati Foundation in Shanghai. The show features paintings and ceramics that explore themes of play, fluidity, and cultural identity, drawing on influences from Chinese calligraphy and tai chi. In an interview, Yearwood-Dan discusses her childlike approach to making the work and her desire for viewers to feel a personal connection. A concurrent exhibition, “Georgia Gardner Gray: Metal Madonna,” is also on view at the foundation.

adam lindemann too much art column 2743340

Adam Lindemann draws a parallel between the oversupply of wine and the current state of the art market, noting that too many galleries and artists are producing work while demand from collectors is slowing. He cites the glut of art fairs, particularly the 840 galleries exhibiting during Miami Basel week in December 2025, and quotes advisor Allan Schwartzman describing the market as "tired." Lindemann observes that even mega-trophies like Leonardo's *Salvator Mundi* are rare exceptions, and that museums are becoming more selective in accepting donations.

sothebys to host major sale in abu dhabi larry gagosian talks discreet art dealing curator flees thailand over arrest fear and more morning links for september 25 2025 1234753625

Sotheby's will host a landmark exhibition in Abu Dhabi on October 1-2, 2025, at the Bassam Freiha Art Foundation, showcasing masterworks by Vincent van Gogh, Paul Gauguin, Frida Kahlo, Edvard Munch, René Magritte, and Camille Pissarro, collectively valued at $150 million. This marks the first public fine art exhibition ever staged by Sotheby's in Abu Dhabi and the most valuable presentation the auction house has held in the Middle East. Separately, Larry Gagosian discussed the art market recession at Puck's Art of Influence conference, noting that private sales are rising as collectors shy away from auction houses. Other news includes controversy over Cai Guo-Qiang's performance in Tibet, a curator fleeing Thailand over arrest fears, and declining sales at Sydney Contemporary.

New exhibition highlights work from '80s art superstars

The Lévy Gorvy Dayan Gallery on Manhattan's Upper East Side has opened "Downtown/Uptown: New York in the Eighties," an exhibition co-curated by Brett Gorvy and legendary downtown gallerist Mary Boone. The show features works by iconic 1980s New York artists including Andy Warhol, Jean-Michel Basquiat, Keith Haring, Julian Schnabel, Barbara Kruger, Jeff Koons, Francesco Clemente, Kenny Scharf, the Guerilla Girls, Robert Mapplethorpe, Cindy Sherman, and Louise Lawler. Admission is free, and the exhibition runs through December 13.

gladstone gallery calder mobile fineberg collection art basel paris 1234751704

Alexander Calder's market remains strong despite a broader art market downturn. Thirteen Calder works have sold for over $1 million at auction this year, all within or above estimates, led by Christie's sale of *Gypsophila* (1949) for $8.5 million. Next month, Gladstone Gallery will bring Calder's standing mobile *Caged Stone on Yellow Stalk* (ca. 1955) to Art Basel Paris, priced at $5.5 million, after it sold for $3.2 million at the Gerald Fineberg collection sale in 2023. This market resilience coincides with major institutional shows: the opening of Calder Gardens in Philadelphia and a Whitney Museum exhibition celebrating the centennial of Calder's *Circus* (1926–31).

3 New Galleries to launch at No.1 Poultry

Hypha Studios has announced the launch of three new galleries at No.1 Poultry, the iconic James Stirling-designed postmodern building in the City of London. Opening on 24 September with celebratory events, the galleries will host a year-long programme of culture, each presenting eight unique exhibitions. Galleries 1 and 3 will feature contemporary artists and curators, while Gallery 2, in partnership with recessed.space, will focus on exhibitions related to the living environment. The inaugural shows include "The Turn" curated by Shakthi Shrima, featuring artists such as Cajsa von Zeipel and Janine Antoni, and a group exhibition led by maker Nina Oltarzewska from Blackhorse Lane Makers.

Free contemporary art shows to open in the postmodern 1 Poultry building

Three temporary art galleries are opening on the ground floor of the postmodern No.1 Poultry building in the City of London, near Bank tube station. Operated by arts charity Hypha Studios and supported by the Cheapside Business Alliance, the spaces will host 24 exhibitions over the course of a year, starting in September 2025. The first three exhibitions are free and open to the public from Thursday 25th September 2025. Gallery 2, in partnership with art and architecture platform recessed.space, will focus on exhibitions relating to the living environment, while Galleries 1 and 3 will feature a range of contemporary artists and curators. The initiative is part of a meanwhile use programme during a refurbishment of the building’s interior to reduce energy consumption.

‘From Gaza to the World’: A Devastating Art Show Arrives in Brooklyn

A devastating exhibition titled 'From Gaza to the World' has opened at Recess, a nonprofit art venue in Brooklyn, as the first North American pavilion of the Gaza Biennale. Organized by the Forbidden Museum of Jabal Al Risan and launched in 2024, the show features 25 Palestinian artists, many still in Gaza or displaced. Due to the ongoing Israel-Gaza War, most works are documentation—printouts, facsimiles, and video—rather than original objects. Highlights include Malaka Abu Owda's 'When the Body Became a Message' (2024), Firas Thabet's tapestry 'Gaznica' (2025) adapting Picasso's Guernica, and Emad Badwan's docudrama 'Live Broadcast' (2024). The exhibition bears witness to life under bombardment, famine, and displacement, with wall labels including heartbreaking artist quotes.

Three New Galleries Coming To Bank Junction, At No. 1 Poultry

Three new art galleries will open at No. 1 Poultry, the controversial postmodern office block on Bank junction in London, starting September 24, 2025. Organized by arts charity Hypha Studios with support from the Cheapside Business Alliance, the ground-floor spaces will host 24 exhibitions over a year. Debut shows include "The Turn" curated by Shakthi Shrima, "Blackhorse Lane Makers" in collaboration with recessed.space, and "Material Actors" by the Binder of Women collective, all free to the public.

Gaza Biennale, featuring works by artists from the war-torn strip, will come to New York City

The Gaza Biennale, a 60-artist exhibition featuring works by artists from Gaza, will debut in New York City from September 10-14 at Recess, a non-profit art space in Brooklyn, with a smaller iteration remaining on view through December 20. The biennale is a decentralized event taking place across 19 venues in 12 cities worldwide, including new pavilions in Toronto, Washington, DC, and New York. It builds on previous editions in London, Athens, Istanbul, Padua, Valencia, and elsewhere, showcasing art made from humble materials like garment scraps and old aid boxes, and includes works by 22 Gaza-based artists in its New York iteration.