why canalettos venice view sold for 43 9 m another identity politics vs art article 1234749161

ARTnews's Morning Links newsletter reports on multiple art-world developments. A new report from Puck and ARTDAI analyzes auction data for the first half of 2025, revealing that buyers are actively pursuing works by historically significant artists, with lower-value works seeing robust bidding but high-value purchases declining. Separately, Artnet News's Eileen Kinsella investigates why Canaletto's "Venice, the Return of the Bucintoro on Ascension Day" (circa 1730) sold for £31.9 million ($43.9 million) at Christie's, smashing the artist's auction record, with dealer Nicholas Hall citing its provenance, composition, and scale as key factors. The newsletter also notes an essay by Steven Pie in ArtReview critiquing the idea that identity politics has diminished contemporary art, responding to Dean Kissick's earlier Harper's Magazine piece.