figurative painting trend boom bust market politics zombie jennifer packer salman toor louis fratino 1234747400

The article examines the narrative that figurative painting died and made a comeback, arguing instead that it never truly disappeared. It traces the art market's pendulum swing from zombie formalism around 2014 to a surge in figurative painting by 2015, fueled by collectors seeking new, affordable works to flip quickly. The piece highlights emerging painters like Gina Beavers, Mira Dancy, Jamian Juliano-Villani, and Greg Parma Smith, and notes that the boom created auction stars whose prices later crashed, as reported in a 2024 New York Times article.

yasmina reza art play putting a higher price on it 1234751691

The article examines the revival of Yasmina Reza's play "Art" on Broadway, which centers on three men arguing over a seemingly blank canvas purchased for a high price. The new production updates the painting's cost from 200,000 francs (about $60,000) to $300,000, reflecting today's inflated art market. The play's themes of aesthetics versus market value resonate with current debates about speculative hype and irrational pricing in contemporary art.

new money new taste intel report march 2025 2622189

The article, part of Artnet's Intelligence Report, profiles the rise of a new generation of art collectors, exemplified by Justine Freeman, granddaughter of legendary patron Betty Freeman. It highlights how millennials and Gen Z, who accounted for a quarter to a third of bidders at major auction houses in 2024, are reshaping the market by focusing on ultra-contemporary artists like Jadé Fadojutimi and Hilary Pecis, as well as nontraditional collectibles such as sneakers and Hermès bags. Notable sales include Maurizio Cattelan's banana artwork "Comedian" for $6.2 million to a 34-year-old crypto entrepreneur.

morgan stanley intelligence report triumph contemporary 2109417

Morgan Stanley and Artnet have released an Intelligence Report analyzing the explosive growth of the ultra-contemporary art market—defined as work by artists born after 1974. Auction sales in this category surged 305% from 2019 to 2021, reaching $742.2 million last year, driven by strong demand in the U.S. and China. The report breaks down sales by region, price band, and leading artists, highlighting how galleries, fairs, museums, and collectors are capitalizing on this trend.

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Nearly five years after closing at the height of the Covid-19 pandemic, the influential New York alternative art space Art in General is relaunching under new leadership. Xiaoyu Weng, currently director of the Tanoto Art Foundation and former head of modern and contemporary art at the Art Gallery of Ontario, has been appointed as the organization's new director. The revived nonprofit will not have a permanent physical location initially but will stage exhibitions across New York, starting with a fundraising show at YveYANG Gallery on August 22. New board members include gallery founder Yve Yang, digital strategist Jiajia Fei, artist Paul Pfeiffer, and curator Jeanne Gerrity.

The rise and fall of ‘buy-one, give-one’ art sales

A once-common sales tactic in the contemporary art market, known as "buy-one, give-one" or "bogo," has significantly declined. Under this arrangement, collectors gained preferential access to in-demand artists' paintings by agreeing to purchase two works and donating one to a museum. The practice peaked from 2021 to 2023, with institutions like the Metropolitan Museum of Art and the Institute of Contemporary Art, Miami, acquiring works this way.

emerging artist aiza ahmed up next 2716359

Emerging artist Aiza Ahmed, a 28-year-old Pakistani-born painter and sculptor who recently completed her MFA at the Rhode Island School of Design, is having a breakout moment in New York. Her first solo show, "The Music Room," is on view at Sargent's Daughters, while she participates in two prestigious residencies: Silver Art Projects at 4 World Trade Center and the Fire Station residency in Doha, directed by Wael Shawky. Ahmed's work explores themes of migration, belonging, and identity, drawing on her family's experience of Partition and her own upbringing across Dubai, London, and the U.S. She will also be the youngest artist at the inaugural Art Basel Qatar in February 2025.

hard choices can you hack contemporary art curator 1234770076

Art-world consultants Chen & Lampert present a satirical quiz for contemporary art curators who came of age in the mid-2000s and now face the challenges of middle age—mortgages, school-age children, and dwindling energy for the nightlife that once fueled their careers. The quiz poses ten multiple-choice questions testing whether a curator can stay relevant without partying every night, touching on topics like referencing artists in talks, responding to young artists, and keeping up with art news and trends.

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Los Angeles-based painter Lauren Quin has joined Pace Gallery, following the closure of her previous gallery Blum & Poe earlier this summer. Her first exhibition at Pace's Los Angeles space is scheduled for 2026, and her work will also appear in the gallery's booth at Frieze Seoul next month. Quin, known for densely layered abstractions, has been on a rapid ascent since earning her MFA from the Yale School of Art in 2019, with her paintings held by major institutions including the Museum of Contemporary Art in Los Angeles, the Walker Art Center, and the Hirshhorn Museum. Pace founder Arne Glimcher, a longtime supporter, gave Quin a solo show at Pace-affiliated 125 Newbury in 2024, which she credits as a turning point in her practice.

Marina Abramović and Peter Doig win £77,000 Praemium Imperiale prizes

Marina Abramović and Peter Doig have been awarded the 2025 Praemium Imperiale prizes for sculpture and painting, respectively, each receiving a 15 million yen (£77,000) honorarium. The awards, presented by the Japan Art Association under honorary patron Prince Hitachi, also recognized Belgian filmmaker Anne Teresa De Keersmaeker (theatre/film), Hungarian pianist András Schiff (music), and Portuguese architect Eduardo Souto De Moura (architecture). The National Youth Theatre received the 2025 Grant for Young Artists.

epstein gave 30000 to new york art school for scholarships got portraits in return 2744378

Newly released Department of Justice documents reveal that the New York Academy of Art (NYAA) actively courted Jeffrey Epstein for funding years after he was a known sex offender. In 2013, board chair Eileen Guggenheim invited Epstein to sponsor a scholarship program where he personally selected student recipients in exchange for commissioned portraits. One such commission resulted in a painting of the sons of billionaire Leon Black, further illustrating the interconnected web between Epstein and high-profile art world figures.

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Phillips’s Modern and Contemporary art evening sale in New York on Wednesday achieved $67.3 million, a 24.4% increase over last year’s total but far below the $154.6 million record set in 2023. The 33-lot sale landed at the top end of its pre-sale estimate, with Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967) selling for $16 million as the top lot. Notably, the auction included dinosaur bones for the first time—a juvenile triceratops skeleton nicknamed Cera—which proved a lucrative draw, while a painting by rising British artist Jadé Fadojutimi and a gold nugget called “The Thunderbolt” both failed to sell. Only one new artist record was set, for Firelei Báez at $645,000.

1+1. Relational Art: at MAXXI a major exhibition reflects on the legacy of Nicolas Bourriaud's critical revolution

The MAXXI museum in Rome has opened a major exhibition titled "1+1. Relational Art," which examines the legacy of Nicolas Bourriaud's influential 1998 book "Relational Aesthetics." The show brings together works by artists from the 1990s generation—including Maurizio Cattelan, Douglas Gordon, Pierre Huyghe, Philippe Parreno, Liam Gillick, and Dominique González-Foerster—who pioneered art based on human interactions and social contexts rather than traditional autonomous objects. The exhibition reflects on how Bourriaud's theory, developed from studio visits with these young artists, redefined art criticism by proposing that artworks be judged by the interhuman relations they produce or evoke.

‘I paint extreme emotions’: Rachel Jones on her riotously colourful paintings – and her obsession with mouths

Rachel Jones, a 34-year-old British artist, is preparing for a major retrospective at Dulwich Picture Gallery, her first institutional solo show in the UK and the museum's first solo exhibition of a contemporary artist in its main space. After graduating from the Royal Academy Schools in 2019, Jones was quickly represented by Galerie Thaddaeus Ropac, had work acquired by the Tate, and exhibited at Chisenhale Gallery, the Hayward Gallery, and the Hepworth Wakefield. She has since left gallery representation, expanded into sound and performance, and created a short opera titled 'Hey Maudie' (2023), now being developed into a full-length opera. Her upcoming show at Dulwich, 'Gated Canyons', will pair her large-scale abstract paintings with works from the museum's collection, and she also has a site-specific commission at the Courtauld Gallery opening in September.

Contemporary US Art is Sick with Problems

"Die zeitgenössische US-Kunst ist von Problemen krank"

Artist Josh Kline has sparked a heated debate with a scathing critique of the American art scene, particularly targeting New York City as an unsustainable hub driven by market logic and inequality. Kline argues that contemporary art is "sick with problems" and urges young artists to abandon the city, calling for a shift from institutional critique to a broader industry-wide analysis of class and power. Meanwhile, the German art world sees significant movement with the upcoming auction of Georg Kolbe’s "Tänzerinnen-Brunnen" following a Nazi-looted art settlement, and the Berlin State Museums announcing a phased reopening of the Pergamon Altar starting in 2027.

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A new analysis by The Asia Pivot reveals that total global auction sales for Asian artists born between 1990 and 1999 dropped to $9.7 million in 2024, the lowest level in three years. The market for these young artists shows clear signs of cooling, with 696 lots sold out of 1,128 offered, a 62% sell-through rate, and an average price per lot falling 26.5% year-over-year to $13,905. Top-ranked artists like Raghav Babbar and Anna Park saw steep price declines, while a few consistent performers like Yukimasa Ida, Sun Yitian, and Chris Huen Sin-Kan maintained strong market recognition.

to Exhibit Recognized Works From New York City Participants in the 2025 Scholastic Art & Writing Awards - The Metropolitan Museum of Art

The Metropolitan Museum of Art has launched the eleventh annual New York City Scholastic Art & Writing Awards exhibition, titled "Filling in the Gaps." Hosted at the Uris Center for Education, the showcase features 316 artworks and 300 literary pieces from local students in grades 7–12 who earned the prestigious Gold Key distinction. The exhibition highlights original works in painting, printmaking, and drawing, while providing digital access to the winning writing entries.

More than 30 exhibitions on display in May at art centers from Marco Island to Sarasota

More than 30 exhibitions are on display in May at art centers across Southwest Florida, from Marco Island to Sarasota. Venues like Art Center Sarasota host shows featuring member, regional, and nationally renowned artists, including the "North Sarasota County Schools Spring Art Show" with over 1,500 student artists, solo exhibitions by Anja Palombo and Cat Tesla, and the "Architects Who Art" show co-curated by Morris Hylton III.

“Trading in the Unknown” : the exhibition marking the new edition of the Reiffers Initiatives Prize

The fifth edition of the Reiffers Initiatives Prize has opened in Paris with the exhibition "Trafiquer l'inconnu" ("Trading in the Unknown"), running until June 6, 2026, at the Reiffers Art Initiatives center. The group show features eight emerging artists based in France: Khaled Jarada, Louis Le Kim, Stanislava Kovalcikova, Arthur Marie, Eva Helene Pade, Ibrahim Meïté Sikely, Minh Lan Tran, and Manon Wertenbroek. Curated by Bernard Blistène, former director of the National Museum of Modern Art – Centre Pompidou, the exhibition presents works spanning painting, archival imagery, and explorations of the body. Stanislava Kovalcikova was named the winner of this edition, and Khaled Jarada received a new Special Mention from the jury.

Comment | The market grew in 2025 but ‘interest in art is waning’

The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.

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Sara Friedlander has been named chairman of Post-War & Contemporary Art for the Americas at Christie's. In an interview, she discusses her philosophy of prioritizing client relationships and the art itself over market speculation, criticizing the trend of 'wet paint' sales that inflate young artists' prices. She has overseen major private collection sales including the Edlis | Neeson Collection, which will anchor Christie's 21st Century Sale, and has set records for artists like Ernie Barnes and Joan Mitchell.

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Art adviser and Baer Faxt founder Josh Baer has proposed specific price limits for works by "ultra-emerging" artists—those fresh out of school, such as an MFA graduate from Yale. In his No Reserve newsletter, Baer advises collectors to pay no more than $15,000 for a large work and $5,000 for a small piece at a first solo show in a reputable gallery. The advice comes amid ongoing debate about inflated prices for young artists, following a column by Artnet News editor-in-chief Naomi Rea that questioned the market's pricing logic. LA gallerist Charlie James endorsed Baer's thresholds, though some collectors argue that pricing cannot be so neatly codified.

Art trade stays buoyant amid global turmoil

Major London auction houses Sotheby's and Christie's posted strong results in early March, with their Modern and contemporary art evening sales raising £131m and £197m respectively. These figures represented significant increases over the previous year, with high sell-through rates, despite concurrent geopolitical turmoil in the Middle East. Key lots included Francis Bacon's 'Self Portrait' selling for £16m and Henry Moore's 'King and Queen' achieving a record £26.3m.

It Happened on Herr: Harrisburg abstract artist returns home for a major exhibit at SAM.

Bronx-based abstract artist Alteronce Gumby has returned to his hometown of Harrisburg for a major exhibition at the Susquehanna Art Museum titled “If Herr Street Could Talk.” The show features 25 mixed-media works, displayed just blocks from the Herr Street neighborhood where Gumby grew up. A graduate of Harrisburg High School and Yale University, Gumby creates cosmic, color-driven paintings using materials like gemstones, resin, and glass, inspired by his childhood observations of light and color. The exhibition marks a homecoming for the internationally celebrated painter, who hopes to inspire young artists in the city.

Impact Leadership Academy Students to Showcase Artwork at Contemporary Arts Museum Houston Exhibition

Students from Aldine ISD's Impact Leadership Academy will debut their collaborative artwork in the Shared Grounds exhibition, hosted by the Contemporary Arts Museum Houston (CAMH). The opening takes place on November 18, 2025, at the University of Houston's 3rd Space Art Gallery, featuring large-scale paintings created under the guidance of teaching artist Carlos Mendoza and art teacher Toby McCraw. The works explore themes of place, memory, and the future.

Seeing beyond: Issam Kourbaj on mentoring three young artists for Abu Dhabi Art

Artist Issam Kourbaj is curating and mentoring three emerging UAE-based artists—Salmah Almansoori, Maktoum Al Maktoum, and Alla Abdunabi—for the Beyond Emerging Artists programme at Abu Dhabi Art, which runs November 19–23 at Manarat al-Saadiyat. The artists are creating new works for the fair and separate outdoor installations in Al Ain, including at historical sites like Al Ain Oasis and Jebel Hafeet Tombs, with the outdoor pieces on view for six months. Kourbaj, a Syrian-born artist based in Cambridge, selected the trio for their diverse materials and shared focus on place and memory.

Tony Fitzpatrick, indefatigable artistic polymath from Chicago, has died, aged 66

Tony Fitzpatrick, a prolific Chicago artist known for his collages, etchings, and works on paper, died of a heart attack on 11 October at age 66. He was also a poet, author, actor, and raconteur, with his work held in major museum collections including the Metropolitan Museum of Art, the National Gallery of Art, and the Art Institute of Chicago. Fitzpatrick ran the influential gallery World Tattoo and was a vocal defender of labor unions and underdogs. He had been awaiting a double lung transplant after being diagnosed with interstitial lung disease, but continued creating until his death, including a new book and a live show at Steppenwolf Theater.

Young artists show their talent

The Young Artists’ Project (YAP) exhibition returns to the KZNSA Gallery in Durban, South Africa, from August 22 to September 21. Initiated in 2002 by then-curator Storm Janse van Rensburg, the annual project mentors emerging artists in producing their first solo exhibitions. This year features two artists: N’lamwai Luntha Chithambo, a Malawian-born painter who earned degrees from Rhodes University and has shown at the National Arts Festival and Sasol New Signatures; and Zama Mwandla, a South African surrealist painter whose work confronts sexual violence and healing, with exhibitions at the African Feminisms show and the 54th Art & Antique Fair in Salzburg.

Early summer shows at the Utah Museum of Contemporary Art: Out Loud 2025, 2025 Gala Art Exhibition: The Factory

The Utah Museum of Contemporary Art (UMOCA) is presenting two early summer exhibitions: "Out Loud 2025" and the "2025 Gala Art Auction: The Factory." Out Loud 2025 features work by 17 young artists from Utah high schools who completed a 12-week workshop series, exploring themes of queer identity, childhood nostalgia, and coming-of-age through diverse media including painting, ceramics, collage, and video. The 2025 Gala Art Auction showcases works by 57 Utah artists available for purchase.

Scholastic Art Awards – Wisconsin Exhibition Opens January 31 at the Milwaukee Art Museum

The Milwaukee Art Museum is opening the 2026 Scholastic Art Awards: Wisconsin Exhibition, showcasing over 350 award-winning works by students in grades 7–12 from across the state. The exhibition, which runs from January 31 to March 15, marks the 50th anniversary of the museum hosting this prestigious student competition.