Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

A book exploring the evolution of J.M.W. Turner’s positions on slavery

Art historian Sam Smiles has released a comprehensive new book examining J.M.W. Turner’s complex relationship with the slave trade, expanding on his 2007 discovery of the artist's personal investment in a Jamaican cattle farm that utilized enslaved labor. The research traces Turner’s financial ties from his early patronage by wealthy plantation owners to his own speculative ventures, challenging the long-held perception of the artist as a straightforward abolitionist.

Rare Leonora Carrington Sketches of Her Inner Turmoil Resurface in London Show

Rare sketches by Surrealist artist Leonora Carrington, created during her 1940 confinement in a Spanish psychiatric hospital, have been reunited and are on display at London's Freud Museum. The exhibition, "Leonora Carrington: The Symptomatic Surreal," features sketchbooks that reimagined the hospital as a mythological underworld and served as preparatory studies for her seminal painting Down Below.

At MAXXI L'Aquila, exhibition dedicated to Ai Weiwei recounts catastrophes and memory

From April 29 to September 6, 2026, MAXXI L'Aquila presents "AI WEIWEI: Aftershock," an exhibition curated by Tim Marlow featuring approximately seventy works by Chinese artist, architect, and activist Ai Weiwei. The show spans his entire career, focusing on themes of earthquakes, wars, political repression, and memory. The centerpiece is the installation "Straight" (2009–2012), made from 150 tons of steel rods recovered from schools that collapsed in the 2008 Sichuan earthquake, displayed across three rooms. The exhibition is held at Palazzo Ardinghelli, a Baroque building that houses MAXXI L'Aquila and was itself restored after the 2009 L'Aquila earthquake, creating a dialogue between the works and the building's history of recovery.

How did the only painting sold by Van Gogh in his lifetime end up in Russia?

The article explores the history and conservation of Vincent van Gogh's "The Red Vineyard," the only painting he is certain to have sold during his lifetime. Sold for 400 francs at a Brussels exhibition in March 1890, the work now resides at the Pushkin State Museum of Fine Arts in Moscow. A recent conservation project used modern scientific techniques to uncover new details about the painting's creation, including Van Gogh's use of paint straight from the tube, compositional changes, and the fading of chrome yellow pigments. The article also recounts the painting's origin during Van Gogh's time in Arles with Paul Gauguin and its journey to Russia.

Edward Weston Unveiled: The American Photographer on Display in Turin

Edward Weston senza veli. Il fotografo americano in mostra a Torino

CAMERA – Centro Italiano per la Fotografia in Turin is hosting a major retrospective of the American photographer Edward Weston. The exhibition explores Weston’s mastery of 'straight photography,' showcasing his iconic nudes, still lifes of organic forms like peppers and shells, and sweeping Californian landscapes. Through absolute precision and tonal control, the show highlights how Weston transformed physical matter into timeless, sculptural images that defined a new visual language of the 20th century.

Dealer Scott Nichols on His Lasting Love for Iconic California Photographers

Veteran art dealer Scott Nichols reflects on his long-standing career and the evolution of his eponymous gallery, which specialized in 20th-century California photography for nearly three decades in San Francisco before relocating to Sonoma in 2019. The gallery is renowned for its deep expertise in Group f.64, maintaining one of the largest private collections of Brett Weston’s work alongside masterpieces by Ansel Adams, Dorothea Lange, and Imogen Cunningham.

The story of Jean-Michel Basquiat’s brief but dazzling life, as told by an art-world insider

Doug Woodham, former president of Christie's Americas and current managing partner of Art Fiduciary Advisors, has authored a new biography titled "Jean-Michel Basquiat: The Making of an Icon." The book is divided into two halves: the first offers a straightforward biography of Basquiat's life from his gifted childhood in Brooklyn to his rise as a star artist, his friendship with Andy Warhol, and his tragic death from a heroin overdose at age 27. The second half analyzes how Basquiat achieved such early success, examining the influence of his father Gerard, the legal battle with dealer Vrej Baghoomian over the artist's estate, and the roles of collectors like Peter Brant and José Mugrabi. Notably, the Basquiat estate refused permission to include images of his artwork because the book openly addresses sensitive issues about his character and life.

Nick Goss: Interview of the Month, March 2026 – Paul Carey-Kent

Anglo-Dutch painter Nick Goss has opened a new exhibition at Josh Lilley Gallery, featuring eleven paintings inspired by Eel Pie Island, a private marshy area on the Thames in Twickenham with a bohemian past—including 1960s rock concerts by The Rolling Stones, The Who, and Pink Floyd, a hippie commune, and a 1972 fire. In an interview with Paul Carey-Kent, Goss discusses how he blends fact and fiction, combining sources from hotel corridors, Pompeii, and the Sergeant Pepper album cover to create ambiguous, layered works that evoke half-remembered histories.

When Fashion Meets the Body, Can a Whole Museum Come Alive?

The Metropolitan Museum of Art's Costume Institute will open its latest fashion exhibition, "Costume Art," in a new gallery space adjacent to the Great Hall, formerly the museum's gift shop. Curated by Andrew Bolton, the show features 400 objects from the permanent collection, organized thematically around the dressed body—exploring the naked, classical, anatomical, and mortal body—rather than chronologically. The exhibition aims to connect artistic representations of the body with fashion as an embodied art form.

A stunning new contemporary art gallery has just opened in this Asian capital

Dib Bangkok, Thailand's first-ever international contemporary art gallery, opened on December 21 in a converted 1980s warehouse. Founded by businessman and art collector Purat 'Chang' Osathanugrah and designed by architect Kulapat Yantrasast, the 7,000-square-foot space features a neutral-toned interior with concrete, glass, and steel to create a meditative backdrop for art. The inaugural attraction is 'Straight Up', a light installation by James Turrell that includes his signature Skyspace, marking the artist's first full-scale work in Thailand.

bayeux tapestry 93 penises offer clues 2639001

The article examines historian George Garnett's analysis of the 93 penises depicted in the Bayeux Tapestry, a 225-foot-long embroidery chronicling the Norman conquest of England in 1066. Garnett, a professor of Medieval history at Oxford University, argues that the size and placement of these genitalia—88 on horses and five on men—offer clues about the tapestry's meaning. He notes that the largest equine phallus belongs to Duke William's stallion, followed by those of Harold Godwinson and Odo of Bayeux, suggesting a hierarchy of importance. More significantly, Garnett interprets four penises attached to men in the tapestry's border as references to Aesop's fables, indicating themes of deceit, shame, and illicit sex, which he believes challenge the traditional attribution of the tapestry's commission to Odo of Bayeux.

Gold by Serakai Studio’s ‘Certainly’ exhibition leans into unpredictability

Serakai Studio has launched its inaugural exhibition, "Certainly," at its new Wong Chuk Hang space, Gold, in Hong Kong. Curated by Tobias Berger, the show features 50 works by 11 international artists and takes its conceptual cue from La Monte Young’s 1960 Fluxus score, "Draw a straight line and follow it." The exhibition explores the impossibility of perfection and the necessity of embracing unpredictability and experimentation in a volatile global climate.

Gold by Serakai Studio’s ‘Certainly’ exhibition leans into unpredictability

Gold by Serakai Studio has launched its inaugural exhibition, "Certainly," in Hong Kong’s Wong Chuk Hang district. Curated by Tobias Berger, the former head of art at Tai Kwun, the show features 50 works by 11 diverse artists that explore themes of unpredictability and experimentation. The exhibition takes its conceptual cue from La Monte Young’s 1960 Fluxus score, "Draw a straight line and follow it," using the impossibility of that task as a metaphor for navigating global instability.

Straight-line storytelling: how will the British Museum display the Bayeux Tapestry?

The British Museum (BM) is planning to display the Bayeux Tapestry from September 2026 to July 2027, following a loan agreement with the French government. The tapestry, owned by the French state, will return to England for the first time in nearly a thousand years after its dedicated museum in Bayeux closed for renovations. The BM's Sainsbury Exhibitions Gallery is long enough to accommodate the 70-meter embroidered strip in a single straight line, a key factor in securing the loan over other contenders like the Victoria and Albert Museum. Conservators will display the tapestry at a 60-degree angle with low lighting to minimize fading, and visitors will likely follow an audio-guided tour with 25 minutes to view the 58 scenes.