Art News. Vasari Codex

trending_up market schedule May 4, 2026 visibility 26 link 12 artists, 2 galleries

The Venice Biennale has long been a sales platform—now no one is pretending otherwise

The Venice Biennale, traditionally a government-subsidized non-commercial institution where sales were downplayed, is experiencing an unprecedented open embrace of commerce. For the first time, Christie's is hosting an invitation-only selling exhibition in Venice, offering works ranging from Old Masters like Lucas Cranach to Modern and contemporary giants such as Andy Warhol, Louise Bourgeois, and Mark Bradford, with prices from $500,000 to over $35 million. Dealers, auction houses, and private foundations are openly pricing and selling works to collectors, spurred partly by Italy's reduced 5% VAT rate on art imports, now Europe's lowest.

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NADA Miami and Untitled Art Test the Temperature of the Mid-Tier and Emerging Markets

NADA Miami and Untitled Art opened on December 2, 2024, in Miami Beach, both targeting the mid-tier and emerging art markets. The fairs saw strong early sales and a predominantly American and local audience, with fewer European and Asian collectors than in previous years. Dealers reported a rebound in market confidence, with sales activity signaling a recovery in the mid-career and emerging segments, though not reaching the frenzy of earlier boom periods. The fairs also showcased a shift away from bright figuration and identity politics toward deeper reflections on reality, mediatization, and materiality.