Art News. Vasari Codex

article news schedule Nov 18, 2025 visibility 27 link 27 artists, 6 galleries

paint drippings art industry news nov 14

This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.

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trending_up market schedule Jan 8, 2026 visibility 19 link 12 artists, 5 galleries

sperone westwater court filings

Sperone Westwater, a 50-year-old New York gallery, closed on January 1, 2026, amid a legal dispute between its co-founders Gian Enzo Sperone and Angela Westwater. Court filings reveal Sperone accuses Westwater of mismanagement, including using the gallery's Norman Foster-designed building on the Bowery to subsidize unprofitable operations, while Westwater counters that Sperone has been largely absent since 2016 and is attempting to extract maximum financial benefit. The corporation's two directors are deadlocked, and a receiver may be appointed to oversee dissolution, including sale of the building and distribution of assets.

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article news schedule Jan 8, 2026 visibility 16 link 3 artists, 1 gallery

sperone westwater legal dispute closure

Sperone Westwater, a 50-year-old New York gallery, closed at the end of 2025 amid a legal dispute between its two co-principals, Gian Enzo Sperone and Angela Westwater. Newly filed court documents reveal governance failures, financial disputes, and allegations of unpaid artists. The petition, filed in New York Supreme Court, seeks judicial dissolution of the corporation and appointment of a receiver, citing irreconcilable divisions and a breakdown in communication between the partners. Financial records show gallery revenue fell from $20 million in 2021 to $3.6 million in 2025, with losses in five of the past seven years.

newspaper ARTnews open_in_new Read original

trending_up market schedule Nov 18, 2025 visibility 27 link 12 artists, 1 gallery

sperone westwater dealers lawsuit gallery closure

Three months before announcing the closure of Sperone Westwater after 50 years, co-founder Gian Enzo Sperone sued his partner Angela Westwater, alleging a "parasitic deadlock" and accusing her of wresting control of a corporation holding a 50 percent stake in the gallery. The lawsuit claims Westwater mishandled funds, withheld records, mismanaged rent payments, and increased her own salary without approval. The gallery, founded in 1975 as Sperone Westwater Fischer, has represented major artists including Bruce Nauman, Francesco Clemente, and Richard Long, and will close this December.

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trending_up market schedule Nov 21, 2025 visibility 26 link 10 artists, 4 galleries

New York gallery Sperone Westwater to close after 50 years amid lawsuit between co-founders

Sperone Westwater, a prominent New York gallery representing artists like Richard Long and Bruce Nauman, will close at the end of 2025 after 50 years. The closure follows a lawsuit filed by co-founder Gian Enzo Sperone against fellow co-founder Angela Westwater, alleging unlawful handling of funds and a "parasitic deadlock" over the gallery's finances, including rent disputes and salary increases. The gallery will continue its current Richard Long exhibition until December 13 and participate in Art Basel Miami Beach before shutting down on December 31.

newspaper The Art Newspaper open_in_new Read original