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Artnet News staff reflects on the most impactful stories of 2025, covering a wide range of topics from institutional shifts and devastating wildfires to market sensations and conceptual art. Key pieces include Ben Davis's analysis of the art world's 'post-woke' turn, Sarah Cascone's report on Los Angeles artists losing homes in the Eaton Fire, Katya Kazakina's tale of a David Hockney painting yielding a 7,000 percent return at Christie's, Andrew Russeth's coverage of Richard Prince's seven-hour deposition video, Kate Brown's profile of Friedrich Kunath, and Annie Armstrong's introduction of the 'red-chip' art market driven by hype and crypto.

The Defining Themes of Today’s Biennial Art

The article analyzes the defining themes and styles of the past four years in the international biennial circuit, based on a survey of 130 biennials. It identifies a core group of artists who appeared most frequently, including Ali Eyal, Apichatpong Weerasethakul, Carolina Caycedo, Kapwani Kiwanga, and Tuan Andrew Nguyen, among others. Many of these artists are also featured in the upcoming 61st Venice Biennale curated by the late Koyo Kouoh. The piece categorizes their work under two broad themes: "Post-Colonial Post-Conceptualism," which involves poetic engagement with colonial history and artifacts, and "Families and Networks," where artists explore personal and political family histories.

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The inaugural AIR festival took place in Aspen as part of Aspen Art Week, featuring a mix of talks, performances, and a closed-door retreat for artists, writers, scientists, and theorists. Highlights included a pack of panting huskies, a psychoanalysis talk in a psychedelic chapel, an artist conversing with his AI doppelganger, and a whispery musical performance on a museum rooftop. The festival kicked off with a film by Apichatpong Weerasethakul accompanied by composer Rafiq Bhatia, followed by discussions on dreaming and catastrophe, and site-responsive works by Jota Mombaça and Paul Chan.

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Aspen Art Museum will launch its new flagship initiative AIR on July 29, 2025, a program combining a public festival and private retreat focused on the intersections of art and technology. The inaugural edition features filmmaker Werner Herzog as a keynote speaker, alongside architect Francis Kéré and artist Maya Lin. Other participants include artist Matthew Barney, who will debut a new performance piece titled "TACTICAL parallax," as well as Paul Chan, Mimi Park, Jota Mombaça, Cannupa Hanska Luger, and the duo of Apichatpong Weerasethakul and Rafiq Bhatia. The program includes site-specific art, dialogues, and conversations exploring themes such as ecstatic truth, artificial intelligence, and the origin of life.

Embracing Friction in the Art World

A small non-commercial gallery in Brooklyn, Subtitled NYC, is hosting an exhibition by artists Pap Souleye Fall and Char Jeré that intentionally embraces "friction"—the slow, bumpy, and human experience—as a rejection of optimization culture in the art world. In other news, the Pentagon has reportedly banned press photographers after Defense Secretary Pete Hegseth complained about unflattering images, and over 200 artists, including Brian Eno, have petitioned the British Museum to stop altering texts related to Palestine.

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James Franco has created a series of nude paintings of his friend and fellow actor Seth Rogen, based on a 2011 book of fan art by Christopher Schulz. The works, rendered in acrylic over graphite illustrations, include sexually provocative phrases and are slated for exhibition at OHWOW gallery in Los Angeles, despite earlier confusion about a show at Pace Gallery. The paintings have drawn criticism online for alleged homophobia and plagiarism, adding to Franco's recent legal troubles.

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More than sixty years after his death, Frank Lloyd Wright remains a highly influential architect, and in 2025 his legacy continues to generate news. This article from Artnet News compiles eight recent stories about Wright's buildings, including Marc Jacobs' restoration of the Max Hoffman House, Loyola University's acquisition of the Emil Bach House, the contested sale of Oklahoma's Price Tower, and the deteriorating condition of the J.J. Walser Jr. House in Chicago. It also notes a fictional Wright-inspired building appearing in the Apple TV+ series *The Studio*, starring Seth Rogen.

The Year AI Captured Art

The article surveys the visual art landscape of 2025, arguing that the year's defining throughline is the increasing centrality of artificial intelligence—a technological revolution most people didn't ask for but cannot escape. It highlights several exhibitions and works that engage with AI in different ways: Seth Price's show at Isabella Bortolozzi in Berlin, which uses generative images from the pandemic era overlaid with gestural paint strokes; Charmaine Poh's video "GOOD MORNING YOUNG BODY" (2023) at Palais Populaire, where she deploys deepfake technology to have her twelve-year-old self speak back to internet trolls; and Philippe Parreno's show at Haus der Kunst, which poeticizes how generative technologies interact with humans and nature. The article also notes the rise of AI-generated "slop" online and its incursion into the physical art world, as well as market shifts where larger galleries are increasingly acquiring Instagram-friendly emerging artists directly.

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This episode of the Art Angle podcast, hosted by Kate Brown with co-hosts Ben Davis and Andrew Russeth, covers three major art-world stories: crypto collector Justin Sun’s escalating legal battle with billionaire David Geffen over a Giacometti sculpture; Jeff Koons’ trio of massive Hulk sculptures that debuted at Frieze New York; and the first round of the new Art Basel Awards. The discussion weaves together legal disputes, market signals, and institutional recognition.

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In this year-end roundup episode of The Art Angle, co-hosts Kate Brown and Ben Davis, joined by Artnet Pro editor and art critic Andrew Russeth, review the defining trends, themes, and stories of 2025. They cover the art market's slump and subsequent rebound in New York's fall auctions and Art Basel Miami Beach, the political impact of Trump 2.0 on arts funding and museum governance, the question of a 'post-woke' art world, the return of digital art, and the ongoing power of red chip art. The episode also highlights the multi-front crisis facing institutions due to changing public expectations, rising costs, and political shifts, alongside lighter, unusual stories from the art world.

2026 Art Basel Award Winners Announced

Art Basel has unveiled the 33 medalists for its 2026 global honors program, recognizing a diverse group of artists, curators, and institutions. The selection highlights a strong Southeast Asian presence, including architect Kulapat Yantrasast and filmmaker Apichatpong Weerasethakul, alongside international figures like Laurie Anderson and Julie Mehretu. These awards celebrate practitioners across categories such as Emerging Artist, Established Artist, and Cross-Disciplinary Creator, with winners to be celebrated at the upcoming Basel fair in June.

Artnet Makes Significant Layoffs Following Consolidation with Artsy

Artnet has implemented sweeping layoffs following its consolidation with Artsy under a single leadership team led by CEO Jeffrey Yin. The cuts have severely impacted Artnet News, resulting in the departure of veteran senior reporters Sarah Cascone and Eileen Kinsella, while Andrew Russeth has been named interim editor. Additionally, Artnet’s German entity is being wound down, affecting the Berlin-based team responsible for the platform's online sales operations.

Ax Swings Following Artsy/Artnet Consolidation as Top Reporters Are Laid Off

Major layoffs have hit Artnet and Artsy following their consolidation under the UK-based investment firm Beowolff Capital. The staff reductions occurred just one day after the merger announcement and include the departure of veteran Artnet News reporters Sarah Cascone and Eileen Kinsella, who both served the publication for over a decade. As part of the restructuring, Artnet will also shutter its German entity, while Andrew Russeth has been tapped to serve as interim editor.

AstaGuru: An Eminent Digital Auction for the Elite

AstaGuru, an Indian online auction house founded in 2008, has established itself as a leading digital platform for modern and contemporary art, antiques, sports memorabilia, fine silverware, and writing instruments. The company achieved a world record with a ₹17.75 crore bid for a Tyeb Mehta painting in 2017 and boasts a 93% lot sale ratio, auctioning works by notable artists such as Ramkinkar Baij, Krishen Khanna, and Nandalal Bose. Led by directors Tushar Sethi and Vickram Sethi, the platform offers secure bidding, physical previews in Mumbai, and services including consultation, restoration, and valuation.

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Artist Ektor Rivera has created a painting titled "The Discovery of Americans" (2025) that reimagines Emanuel Leutze's "Washington Crossing the Delaware" to celebrate Puerto Rican cultural figures, with Bad Bunny at the center. The work was commissioned by Miami art collector Seth Goldberg as a response to conservative criticism over Bad Bunny being selected to perform at the Super Bowl halftime show. The five-by-eight-foot painting places George Washington in the background while Puerto Rican icons including Jennifer Lopez, Ricky Martin, and Roberto Clemente take center stage, with Bad Bunny draped in the Puerto Rican flag. The artwork has garnered over 2.3 million views on Instagram and Facebook.

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Bonhams, the UK-based auction house, reported a nearly 90% surge in pre-tax losses to £213 million ($286.3 million) in 2024, alongside a 9% revenue decline to £176 million ($236.6 million), according to filings with Companies House. The losses were driven by £153 million in impairment charges due to reduced cash flow forecasts, reflecting a write-down on the investment value held by former owner Epiris. The house was sold to Pemberton Asset Management in October 2024, and subsequently saw a leadership overhaul, with Seth Johnson appointed CEO, Liese Thomas as CFO, and Jennifer Babington as COO, replacing Chabi Nouri and Céline Assimon.

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Pemberton Asset Management, a European private credit manager backed by Legal & General, has acquired the auction house Bonhams from private equity firm Epiris for an undisclosed sum. The acquisition led to the departure of Bonhams's global CEO Chabi Nouri and chief commercial officer Céline Assimon, with a new senior leadership team appointed including Seth Johnson as CEO, Liese Thomas as CFO, and Jennifer Babington as COO. Bonhams chairman Hans-Kristian Hoejsgaard will remain in his role, while Chris Ellerker and Mohit Agarwal from Pemberton join the board.

Where to see art in Singapore this week (Oct 24 to 31)

South-east Asia's largest art book fair, the Singapore Art Book Fair (SGABF), returns from October 31 to November 2, 2025, with over 120 exhibitors—its largest edition yet. The fair moves to a larger venue at New Art Museum Singapore and Whitestone Gallery, with ticket prices unchanged from 2024 ($6 online, $8 on-site). About half the exhibitors are first-timers, including Saigon-based studio WEDOGOOD, Cairo-based Rizo Masr, and local participants like graphic design trio Hause, Con-Temporary Art Editions, and visual artists Chin Lew and Isabell Hansen. The pilot Thing Books Residency Programme presents three new artist books by musician Yuen Chee Wai, filmmaker Seth Cheong, and vocalist Nur Wahidah. Visitors can also register for bookmaking workshops at additional cost.

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Bonhams ended 2025 with $970 million in global sales, one of its strongest recent performances, driven by growth across regions and categories including fine art, luxury goods, and collector cars. The year’s top lot was a 2020 Bugatti Divo that sold for $9 million. However, the results are overshadowed by a Financial Times report of a £213 million pre-tax loss in 2024, largely due to £153 million in impairment charges tied to a change in ownership—the house was sold by private-equity firm Epiris to Pemberton Asset Management in October 2025. Bonhams Hong Kong posted a record $104 million, UK sales rose 4.5% to $285 million, and digital sales accounted for 46% of total value.

Pete Hegseth Goes to War With Press Photographers

Pete Hegseth Goes to War With Press Photographers

Defense Secretary Pete Hegseth has banned press photographers from Pentagon briefings on the U.S.-Israeli military conflict with Iran. The reported reason for the ban is Hegseth's displeasure over "unflattering" photographs taken during a recent press address, with the Pentagon stating it will now release official photos online instead.

Helena College exhibits capstone 'The Cost of Living' project at Holter Museum of Art

Helena College is showcasing its annual capstone exhibition, titled 'The Cost of Living,' at the Holter Museum of Art in Helena, Montana. The show features final projects from six second-year art students—Vinessa Sanford, Kraig Mougeot, William Krings, Linus Leeper, Sophie Uda, and Red Romano—and opened on April 3, running through May 3, 2026. Assistant professor Seth Roby organized the exhibition, which includes works ranging from a turbulent abstract painting to a whimsical nook with lavender wisteria and fairy dwellings, all exploring existential themes tied to life and living.