state of the art market old masters and neo old masters

Artnet News, in collaboration with Morgan Stanley, analyzed auction data from the Artnet Price Database to assess the state of the European Old Master market since 2018. The investigation explores how efforts to contemporize Old Masters—through juxtapositions at art fairs like TEFAF and Masterpiece London, and gallery shows such as David Zwirner's 'Endless Enigma'—have correlated with market trends for Contemporary and Ultra-Contemporary artists whose work is visibly influenced by classical European art. The report also examines the impact of living artists inspired by Old Masters, suggesting that restricting analysis to historical works alone may underestimate their ongoing influence on the art market.

state of the art market surrealist women awakening

A data-driven analysis by Artnet News and Morgan Stanley examines the auction market for women Surrealist artists from 2013 to 2023, using the Artnet Price Database to track prices and sell-through rates. The study contrasts the historical undervaluation of women Surrealists—such as Leonora Carrington, Remedios Varo, Kati Horna, and Bridget Bate Tichenor—against the enduring market dominance of male figures like Dalí, Magritte, and Miró, while noting Frida Kahlo as the top-selling woman Surrealist.

high art paris gallery closing

High Art, a Parisian gallery known for launching the careers of artists like Lucy Bull and Julien Creuzet, is closing its physical space after 12 years. The gallery announced on Instagram that its last exhibition closed in July and that it will transition toward collaborations, offsite exhibitions, and individual artworks. Founded in 2013 by Romain Chenais, Jason Hwang, and Philippe Joppin, High Art became a tastemaker in Paris's gallery scene, known for its challenging and often unconventional program. Many artists who showed there early, including Rachel Rose, Matt Copson, and Frieda Toranzo Jaeger, later achieved international recognition.

No Attitude, Nowhere: Conviction, Zero Meaning

Keine Haltung, nirgends Gesinnung, null Bedeutung

The article critiques the current state of the art world and broader culture, arguing that right-wing calls for depoliticized art are intensifying while the progressive art establishment silently tolerates a culture war that restricts free expression. It uses the 2025 Met Gala as a prime example, describing the event as a heartless display of wealth and power aligned with Trump-era capitalism, where celebrities and artists perform progressive values while participating in a spectacle sponsored by anti-union figures like Jeff Bezos. The author draws on Hannah Arendt's ethics lectures to suggest that moral norms have collapsed overnight, and that the commercial art world now legitimizes anti-democratic tendencies through its silence.

new york frieze auctions

Frieze New York kicked off at the Shed in Hudson Yards with a notable sale: Jeff Koons's Incredible Hulk sculpture (Tubas) purchased for around $3 million, signaling a reunion between the artist and Gagosian after his departure to Pace in 2021. Despite a cautious market amid President Trump's tariff uncertainties, dealers reported better-than-expected sales on VIP day, with a focus on affordable works in the $50,000-to-$200,000 range. However, challenges emerged including U.S. Customs delays affecting international shipments and tariff confusion that led some fashion designers to withdraw from the Esther II fair.

state of the art market trophy lots and the new competitive auction landscape

The article examines the growing financialization and opacity of the fine-art auction market, highlighting how auction houses like Christie's and Sotheby's have made it increasingly difficult for outsiders to understand true demand for individual lots. It details how buyer's premiums, guarantees, and irrevocable bids (third-party guarantees) obscure the actual bidding dynamics, with only a small group of wealthy financiers and intermediaries having clear insight into the market's inner workings.

5 very different art fairs throughout two days in New York City

The article reports on five distinct art fairs—Frieze, NADA, Independent, 1-54, and Esther III—visited during New York Art Fair Week. It highlights key artists and works, including Kelly Tapia-Chuning's deconstructed serapes at NADA, Esaí Alfredo's queer nighttime paintings, Alex Burke's textile dolls at 1-54, and Laetitia KY's photographic self-sculpture. The fairs collectively emphasized themes of environmentalism, globalism, decolonization, and a growing textiles sector, with curation varying widely from commercial to conceptually driven.

will the recent art market momentum continue into 2026

Artnet News columnist reflects on the fragile state of the art market as 2025 ends, noting that global instability and troubling news have dampened buyer psychology. Despite this, major auction houses reported strong annual sales—Sotheby's at $7 billion (up 17%) and Christie's at $6.2 billion (up 6%)—and a series of high-profile sales, including the Pauline Karpidas collection auction and Leonard Lauder's Gustav Klimt portrait fetching $236.4 million, have sparked renewed momentum. The article quotes advisors and dealers who sense a market bottom has passed, with buyers returning to auctions and fairs like Art Basel Miami Beach.

state of the art market understanding regional differences in the globalized art market

Artnet News and Morgan Stanley have released an analysis of the global art market, examining auction performance by artists from different regions over the past decade. The report breaks down sales by region—North America, Europe, Asia-Pacific, Africa, Latin America and the Caribbean, and the Middle East—and by genre categories including Old Masters, Impressionist and Modern, Postwar and Contemporary, and Ultra-Contemporary. Key findings show that North American and European artists dominate the market, while African-born artists have seen notable but uneven growth, and Asia-Pacific-born artists have experienced a marked decline.

art market minute dec 15

The article reports on the state of the art market at the end of 2025, noting that while it has been a difficult year with three years of contraction, there are signs of improvement. Recent sales in Miami and $2.2 billion in marquee auctions in New York last month have boosted optimism. Factors such as lower interest rates and easing geopolitical tensions are contributing to a slightly rosier outlook for 2026, though the article warns that some sectors will recover while others may not for some time.

3 key insights from the art business conference new york

The sixth edition of the Art Business Conference took place in Midtown Manhattan on May 22, drawing over 200 art professionals including gallery staff, auction-house specialists, and lawyers. Chaired by former Artnet executive editor Julia Halperin and founded by Louise Hamlin, the event featured keynotes and panels addressing the state of the art market, legal challenges, and the impact of tariffs. Christie’s CEO Bonnie Brennan reported a $700 million haul from recent auctions, noting a thin top end but strong activity for female Surrealists and Simone Leigh sculptures. Advisors Megan Fox Kelly and Alex Glauber described the market as 'recalibrating' rather than in crisis, with buyers showing increased selectivity.

Locating Luigi Ghirri

Fashion photographer Alessio Bolzoni and film director Luca Guadagnino have collaborated on 'Felicità', a new book and exhibition at Thomas Dane Gallery featuring 45 previously unseen color photographs by the late Italian master Luigi Ghirri. The project is divided into two portfolios: the first focuses on intimate, abstract details of found objects and surfaces in Modena, while the second expands into larger vistas and populated spaces across Italy during the 1980s.

adam lindemann too much art column

Adam Lindemann draws a parallel between the oversupply of wine and the current state of the art market, noting that too many galleries and artists are producing work while demand from collectors is slowing. He cites the glut of art fairs, particularly the 840 galleries exhibiting during Miami Basel week in December 2025, and quotes advisor Allan Schwartzman describing the market as "tired." Lindemann observes that even mega-trophies like Leonardo's *Salvator Mundi* are rare exceptions, and that museums are becoming more selective in accepting donations.

Uncertainty in the Art Market is Currently Extreme

"Im Moment ist die Verunsicherung auf dem Kunstmarkt extrem"

Prominent Cologne gallerist Gisela Capitain is celebrating her 40th anniversary amid a period of significant market volatility. In recent interviews, she reflects on her career—defined by long-term artist relationships like that with Martin Kippenberger—while critiquing the current state of the art world. She notes that buyers have become increasingly hesitant and deliberate, describing the current level of uncertainty in the art market as extreme and calling for reforms to institutions like Art Cologne.

state of the art market an analysis of global auction sales in the first five months of 2022

Artnet News, in collaboration with Morgan Stanley and the Artnet Price Database, analyzed global auction sales from January through May 20 for the years 2018 to 2022. The total auction sales for the first five months of 2022 reached $5.7 billion, just barely exceeding the previous high set in 2018. The sell-through rate was 73.4%, the second highest in the period examined. The average price of a work sold surged 180% from 2020 and 26% from 2021, driven by pent-up supply of high-value works. Sales of works priced at $10 million and above grew nearly 50% year-over-year, fueled by major consignments from the estates of Thomas and Doris Ammann, Anne Bass, and Harry and Linda Macklowe. Meanwhile, sales of works under $10,000 increased 43% since 2018, partly due to the rise of online auctions during the pandemic.

How much should art cost? The pitfalls and paradoxes of pricing works

The article examines the current state of the art market, which is in its third consecutive year of contraction. It traces how low interest rates fueled speculative price inflation, leading to a boom in ultra-contemporary art that has now burst, with collectors shifting toward Old Masters. Dealers like Larry Gagosian are now advocating for lowering primary market prices, while private sales stall due to sellers' 'anchoring' to peak valuations. The piece highlights the disconnect between high prices and long-term value, using examples such as auction records being manipulated (e.g., Patrick Drahi's anonymous bidding on a Francis Bacon triptych) and the reality that most artworks in even celebrated collections depreciate.

Art Market Auctions Recovered Late 2025, But Not A "Comeback" – Citi Wealth

Citi Wealth's report, "State of the Art Market 2026: Don’t Call It A Comeback," finds that the global art market entered 2026 with renewed optimism, but confidence is highly selective and concentrated at the high and accessible ends. The November 2025 Modern and Contemporary Art auctions in New York surged 77% year-on-year to $2.2 billion, driven by the record-breaking $236.4 million sale of Gustav Klimt's *Portrait of Elisabeth Lederer* from the Leonard Lauder collection. However, numerous galleries closed in 2025, including BLUM gallery and Venus Over Manhattan, and traditional hubs like London and New York face slow growth while emerging regions gain influence.

Flowers, Figures & Fantastical Frames at the 2026 Dallas Art Fair

Jessica Fuentes and Brandon Zech, returning to the 2026 Dallas Art Fair, found the event familiar rather than surprising. Fuentes noted that after attending major fairs like Frieze, NADA, and the Armory Show, many works by Texas galleries felt recognizable. Zech observed an overarching theme of flora and fauna, with flower paintings dominating both the art and attendees' fashion. Fuentes, however, was drawn to figurative pieces, influenced by her recent visit to Mexico City Art Week. Standout works included Jessica Vollrath's painting "A thousand hills" at Erin Cluley Gallery, which marked a stylistic shift in color and composition.

In a Billionaire’s Playground, Six Artworks Could Predict the Market

The New York Times reports on a closely watched auction at Christie's in Palm Beach, where six high-value artworks from a billionaire's collection are expected to set market benchmarks. The sale, taking place in the exclusive playground of the ultra-wealthy, features works by artists such as Basquiat and Richter, and is seen as a barometer for the current state of the art market amid economic uncertainty.

parties peoples art panel salon afterparty

CULTURED magazine hosted a panel and cocktail reception at People's, an art salon and evening club in New York's Greenwich Village, on Tuesday evening. The event featured a discussion on the state of the art world, including social media's role in market movements and art education, moderated by advisor Anne Parke, with panelists including New Art Dealers Alliance Executive Director Heather Hubbs, AWG Art Advisory Founder Alex Glauber, artist Aglaé Bassens, and CULTURED Editor-in-Chief Sarah Harrelson. The gathering attracted a crowd of artists, advisors, writers, and patrons, and guests received a copy of the CULTURED at Home design issue and a custom tote bag by artist Jay Miriam.

First Fridays celebrates art spaces

Every first Friday of the month, around 20 galleries and art spaces in Ithaca, New York, open their doors for free evening exhibitions from 5 to 8 p.m. as part of the First Fridays tradition, also known as Ithaca Gallery Nights. The event, now facilitated by artist and curator Michael Sampson since 2023, features both traditional venues like State of the Art Gallery and non-traditional spaces such as Greenstar Co-op and St. Luke Lutheran Church, aiming to expand participation and include newer artists. Featured shows include "Black and White and …" by Ileen Kaplan and David Watkins at SOAG, and "Geometric Abstraction" by Mauro Marinelli, Michael George, and Laura Dale George at The Gallery at South Hill.

marc spiegler 2026 market

Artnet News editor Kate Brown interviews Marc Spiegler, former global director of Art Basel (2007–2022), to analyze the state of the art market entering 2026. The article reviews a turbulent 2025: galleries closed, buying energy dried up, some fairs shrank, and the secondary market faltered, though the hype-driven speculation of previous years receded. By late 2025, signs of recovery emerged—successful fall auction weeks in New York and a stronger-than-expected Art Basel Miami Beach—and both Christie’s and Sotheby’s reported upticks in projected revenue for the year.

Calls for Artists: April 2026

Multiple open calls for artists and grants have been announced for April 2026 deadlines. The 2027 Creative Capital Open Call offers unrestricted project grants up to $50,000 for artists across all 50 states, while also selecting recipients for the new State of the Art Prize, which grants $10,000 to one artist from each state and territory. Delfina Foundation, in partnership with the Jorge M. Pérez Collection, is offering four fully funded residencies for Latin American and Caribbean artists, with two spots available in this round. The Ogden Museum of Southern Art is accepting submissions for its Louisiana Contemporary 2026 statewide juried exhibition, and the Handweaver’s Guild of America has issued calls for entries for its Convergence 2026 fiber art exhibitions.

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.

Owners of State of the Art in Cayce are opening a studio for potters and artists

The owners of State of the Art, a gallery in Cayce, South Carolina, are opening a new studio space dedicated to potters and visual artists. The studio will provide shared workspace, kilns, and equipment for ceramic artists, as well as studio space for painters and other creators, expanding the local arts infrastructure beyond the existing gallery.