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el greco paint drippings art industry news jun 20 2659116

This week's art industry roundup covers a range of developments: a new wave of younger, deliberate collectors is reshaping the art market, as reported from Art Basel; the Independent art fair will relocate to Pier 36 in New York in 2026; Riga Contemporary, a new fair, launches in Latvia; and the inaugural Arrival art fair took place in North Adams, Massachusetts. In auctions, seven never-before-seen Picasso ceramic plates sold in Geneva for nearly double their estimate, while a Giacometti sculpture made the top 10 sales list. Galleries news includes Nara Roesler now representing Asuka Anastasia Ogawa, a new gallery called Open Studio opening in New York, and Andrew Edlin Gallery relocating. In museums, a government watchdog found the Trump Administration broke the law by withholding funding for the Institute of Museum and Library Services, and UC Irvine and the Orange County Museum of Art plan to merge. A legal battle over an El Greco painting withdrawn from Christie's auction is advancing, with the owner revealed as Russian billionaire Dmitry Rybolovlev.

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.

Art Basel 2025

Art Basel 2025 opened with strong preview-day sales, surprising many galleries after a tough year in the art market. Dealers reported a 'buyer's market' with price reductions and flexibility, while high-priced works by Jeff Koons, Michael Armitage, Adrian Ghenie, and Frank Bowling sold. The fair introduced a new section called Premiere for works made in the past five years, aimed at easing participation for small to mid-sized galleries. Satellite fairs including Africa Basel, Liste, Volta, and Maze Design Basel also launched or celebrated anniversaries. Other highlights include the Baloise Art Prize awarded to Rhea Dillon and Joyce Joumaa, a Holbein drawings rehang at Kunstmuseum Basel, and a visa denial for artist Richard Mudariki. Qatar took center stage ahead of a new fair in 2026, and limited-edition Labubu figurines caused a frenzy at the Art Basel Shop.

rhea dillon sculpture new talent 1234745268

Rhea Dillon, a 29-year-old artist and writer, is preparing for three exhibitions opening over the summer: a group show at the Whitney Independent Study Program (ISP), a solo exhibition at Heidelberger Kunstverein, and a booth in the Statements section of Art Basel Switzerland. Her work, which draws on Black and Caribbean intellectual traditions, uses everyday objects and symbols to critique postcolonial diasporic identity, as seen in sculptures like *Caribbean Ossuary* (2022) and *Swollen, Whole, Broken...* (2023). Dillon also discusses her linguistic approach, explored in drawings at Paul Soto Gallery, where she repeats and redefines the shape of a spade to transform a racial slur into new forms.

12 things not to miss at Art Basel's bigger and better 2025 event

Art Basel's 2025 edition in Basel features a packed program across the city, including a new Shop with exclusive drops like a limited-edition porcelain Labubu by Kasing Lung, an FC Basel jersey designed by an artist, and rare prints by Daniel Arsham and Amoako Boafo. Highlights include Jordan Wolfson at Fondation Beyeler, Dala Nasser at Kunsthalle Basel, a ghost train by Rebecca Moss and Augustin Rebetez at Museum Tinguely, and the group show Maison Clearing organized by C L E A R I N G. Joyce Joumaa presents a light-based installation at Art Basel Statements, Thomas Bayrle's 1960s installation Coats appears in Parcours, and Alia Farid shows at Unlimited.

New York Galleries: Openings and Closings (02/02-02/08)

A flurry of gallery activity is scheduled for the week of February 2-8, 2026, in New York City. Numerous exhibitions are opening, including "Interstice: Whirled Music" at Kiang Malingue, "Everything She Touches" by Alix Vernet at Eric Firestone Gallery, and "Anima" by Felipe Baeza at Print Center New York. Concurrently, many shows are in their final days, such as "A Retrospective by Ruth Asawa" at the Museum of Modern Art, "FDR Drive Musel, 1984" by Keith Haring at Martos Gallery, and "West Coast Women of Abstract Expressionism" at Berry Campbell.

new talent art in america 2025 1234742376

Art in America, the sister publication of ARTnews, has released its Summer 2025 issue featuring profiles of 20 emerging artists selected as "New Talent." The list includes artists from around the world working in various mediums, such as Agnes Questionmark, Aislan Pankararu, Alejandro García Contreras, Alison Nguyen, and others. This marks a continuation of the magazine's long-running "New Talent" designation, which began in 1954 and ran regularly until 1966, was relaunched in summer 2021, and has continued since.

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.