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kenny schachter column larry g michael werner gallery 2719655

Kenny Schachter's column reports on the fallout at Michael Werner Gallery following the departure of star artist Peter Doig. Co-owner Gordon VeneKlasen is accused of expensing luxury items—including private jets, Hamptons helicopter rides, and even a solo helicopter trip for his Labrador Retriever—while the gallery faced financial strain. The partnership is dissolving, with VeneKlasen moving to Los Angeles to open his own gallery and listing his West Village home for $20 million. Meanwhile, Schachter also notes Pace Gallery's financial troubles, with founder Arne Glimcher stepping in to stabilize operations.

lomex las vegas marvin a i influencer 2712607

Artnet News's Wet Paint column reports that Lomex gallery founder Alexander Shulan and art advisor Ralph DeLuca are partnering to open a new gallery, Lomex Las Vegas, in an old atomic ranch home three miles from the Strip. The space, located in a historic neighborhood where parts of Martin Scorsese's 'Casino' were filmed, will feature seasonal exhibitions, performances, and events curated by Shulan, with a new roster of artists distinct from Lomex's existing lineup. Separately, the column introduces Marvin, an AI-generated Instagram influencer who mimics a techno-optimistic art speculator and leaves ChatGPT-style comments on art world accounts.

art culture technology photography ai

This article from Cultured magazine presents a roundup of five distinct stories spanning art, culture, and technology. It features a new column by psychoanalyst Jamieson Webster in conversation with artist Mindy Seu about digital libidinal history; an analysis of the declining photography auction market by collector Ralph DeLuca; a review of the Los Angeles art scene by Juliana Halpert; a guide to Paris Art Week following a heist at the Louvre and the opening of Art Basel Paris; and a report on the Fondation Louis Vuitton's retrospective of Gerhard Richter curated by Nicholas Serota and Dieter Schwarz.

blum a market force for three decades will close galleries 2663456

Blum gallery, a powerhouse with locations in Los Angeles and Tokyo, is closing its brick-and-mortar operations after 31 years. Founded as Blum and Poe in 1994, the gallery laid off most of its staff and will transition to a flexible studio model with no permanent public space or formal artist roster. The gallery represents high-profile artists including Yoshitomo Nara and Mark Grotjahn, whose works have sold for over $10 million. Co-founder Jeff Poe left the partnership two years ago, leaving Tim Blum in control alongside managing partner Matt Bangser.

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Christie’s marquee auction on Monday night in New York generated $488.8 million in total sales, led by Piet Mondrian’s 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.6 million—just shy of the artist’s $51 million auction record. The sale featured the Leonard & Louise Riggio collection, the largest single collection of the season, comprising 39 works estimated at $252–326 million; after one withdrawal and one unsold lot, the group achieved $271.9 million. Many high-profile lots, including works by Alberto Giacometti, René Magritte, Barbara Hepworth, Gerhard Richter, Mark Rothko, and Andy Warhol, sold on single bids to third-party guarantors, reflecting a cautious market.

dealers and advisers trying to live like collectors morning links 1234749862

Art adviser Ralph DeLuca argues in Cultured that recent gallery closures, bankruptcies, and lawsuits in the art market are driven by dealers and advisers trying to live like their ultra-wealthy clients, a lifestyle he says clients resent in commission-based vendors. He also suggests that art focused on identity politics and virtue signaling no longer resonates with collectors, who are shifting toward passion and connoisseurship. Meanwhile, Artsy’s Maxwell Rabb offers a more optimistic take, framing the market downturn as an opportunity for reinvention, with quotes from CLEARING’s Babin and ADAA director Kinsey Robb about cutting through market 'fluff' and embracing creative change.

art ralph deluca photography market

Art advisor Ralph DeLuca, in his column "Street Smarts" for Cultured, analyzes the struggling photography market. He notes that photography auction sales have plummeted from a peak of $230.5 million in 2014 to just $116.9 million in 2024, attributing the decline partly to smartphones making photography seem effortless. DeLuca, who owns over 20,000 photographs, argues this downturn presents a rare buying opportunity for collectors to build museum-quality collections at lower prices.

As censorship rises, is there a future for truly political, truth-telling art?

The article examines the growing threat of censorship in the visual arts, focusing on two key incidents. In the US, the Trump administration pressured the Smithsonian Institution to review its holdings for content that contradicts "American exceptionalism," leading artist Amy Sherald to withdraw her entire solo exhibition from the National Portrait Gallery after the museum considered removing her painting *Trans Forming Liberty* (2024), which depicts a transgender person as the Statue of Liberty. Meanwhile, in France, Dutch street artist Judith de Leeuw unveiled a monumental mural in Roubaix showing the Statue of Liberty covering its eyes in shame, protesting global migrant injustice, which went viral online.

christies marquee fall 20th century evening sale report 1234762038

Christie’s fall marquee 20th-century evening sales on Monday night generated a combined $690 million across two auctions, far exceeding the pre-sale low estimate of $534.7 million. The first sale featured 18 lots from the collection of the late Robert and Patricia Ross Weis, including works by Picasso, Matisse, Mondrian, and Rothko, while the second 62-lot sale included pieces by Calder, Hockney, Chagall, and Giacometti. Bidding wars drove 16 lots to sell at or above their high estimates, with adviser Ralph DeLuca winning several high-profile battles, including a Matisse painting for $32.3 million and a Max Ernst sculpture for $20.2 million. The sell-through rate was 97% by value and 96% by lot, with only one withdrawn lot and three unsold works.

art auction new york record breaking

Gustav Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.4 million at Sotheby's on November 18, becoming the second-most expensive painting ever sold at auction and the most expensive work ever sold by the house. The sale was part of New York's marquee November auctions, which generated over $2 billion in a single week—more than 50 percent above last year's total—driven by high-profile estates including that of cosmetics heir Leonard A. Lauder. Other notable sales included Mark Rothko's *No. 31 (Yellow Stripe)* for $62.2 million at Christie's, Marc Chagall's *Le songe du Roi David* for $26.5 million, and Frida Kahlo's *El sueño (La cama)* for $55 million, setting a new record for the artist and the highest sum for a work by a female artist at auction. Phillips also sold a juvenile Triceratops skeleton named CERA for $5.4 million.

top collectors best advice

Cultured magazine presents advice from ten acclaimed art collectors for newcomers navigating the art world. The collectors—including Will Bennett, Laurent Asscher, Chad Leat, Rob Thomas-Suwall, and Kelly Williams—share tips on trusting one's instincts, focusing on quality over price, visiting museums and galleries, and taking risks. They emphasize that building a collection is a personal journey, not a prestige-driven pursuit, and encourage beginners to ask questions, use tools like the See Saw app, and support local institutions.

Kicking off New York November sales, Christie's nets healthy $690m from double-header 20th-century auction

Christie's kicked off New York's November auction season with a double-header 20th-century evening sale on November 17, generating $574.7 million before fees and $690 million with fees. The sale featured 80 lots, including 18 from the collection of supermarket magnate Robert Weis and his wife Patricia Ross Weis, with highlights such as Pablo Picasso's *La Lecture (Marie-Thérèse)* selling for $45.4 million and Mark Rothko's *No. 31 (Yellow Stripe)* achieving $62.1 million. Two artist records were set, including for Leonor Fini, and the sale achieved a 94% sell-through rate, with 59 lots backed by third-party or house guarantees.

parties young artist prize 2025 mz wallace

CULTURED magazine and fashion brand MZ Wallace celebrated the 10-year anniversary of their Young Artists List with an event at (SUB)MERCER in SoHo, where they announced Iraqi-born, Los Angeles-based artist Ali Eyal as the winner of the 2025 Young Artist Prize. Eyal received an unrestricted $30,000 grant, selected by a jury of curators from the Met, the Hammer, and MoMA, for his multidisciplinary practice reflecting on violence endured during his upbringing in Baghdad.

daniel english jeans dinner party

CULTURED editor-in-chief Sarah Harrelson and Legacy Investing co-founder Daniel English hosted an intimate dinner at Jean's in New York, bringing together leaders from art, finance, and real estate. Guests included Frieze's Julie Kim, Wells Group founder George Wells, Art Intelligence global director Rick Cappellazzo, and others. The evening featured Oscar Wilde's quote about artists and money printed on bookmarks, and guests received copies of Michael Craig-Martin's On Being an Artist and Michael Findlay's The Value of Art, along with CULT100 totes filled with magazines and products.

sophia cohen party cultured frieze new york

Cultured magazine hosted a party at the Twenty Two in New York to celebrate Sophia Cohen's appointment as arts editor-at-large. Cohen, a former Gagosian associate director and founder of the consultancy Siren, will write a monthly column called "In the Know." The event, timed to Frieze New York, brought together figures including fashion designer Kim Shui, writer Nate Freeman, art advisors Ralph DeLuca and Sandy Heller, artist Rogan Gregory, critic Johanna Fateman, collector Lucas Hoffmann, and David Zwirner senior director Lucas Zwirner.

art ralph deluca art market downturn recession

Art advisor Ralph DeLuca, in his 'Street Smarts' column for Cultured, observes that amid political turmoil, tariffs, and art market jitters, wealthy collectors are shifting away from blue-chip contemporary art. Instead, they are investing in pop culture icons, historic artifacts, and natural history items like fossils, viewing them as safer bets. DeLuca notes that the May auction season saw high pass rates, failed guarantees, and lower prices, while galleries continue to close this summer.

parties cultured china magazine launch

Cultured magazine hosted a launch party for its new Chinese edition, CULTURED China, at The Blond in SoHo, New York. The event brought together fashion, art, and design insiders including designers Prabal Gurung and Bach Mai, gallery directors Lucy Liu and Rachel Uffner, artists Wes Aderhold and Jonathan Gardenhire, and cultural commentator Wesley Breed. A musical performance by Zhang Xiaoqing entertained guests, who received complimentary copies of the September issue.

sothebys frame clothing collection 2655177

Fashion brand Frame has released a clothing collaboration with Sotheby’s, featuring loungewear, jeans, jackets, and accessories that prominently display the auction house’s logo. The capsule collection, described as a first-of-its-kind partnership, includes items like a $228 beach towel, $278 shorts, and a $1,298 cashmere sweater, modeled by Sotheby’s staff including SVP Ashkan Baghestani and AVP Kelly Pyrtle.

art investing market trends art basel report

Art advisor Ralph DeLuca returns to his Street Smarts column to dissect the 2026 Art Basel & UBS Art Market Report. He notes that global art sales reached approximately $59.6 billion in 2025, a 4% increase after two down years, but cautions that the recovery is uneven—sales of artworks above $10 million rose 30%, while the middle market stagnates. The U.S. remains the dominant market, accounting for 44% of global sales, though tariff threats and political volatility continue to disrupt the trade.