Art News. Vasari Codex

article news schedule Jun 23, 2025 visibility 16 link 9 artists, 9 galleries

el greco paint drippings art industry news jun 20 2659116

This week's art industry roundup covers a range of developments: a new wave of younger, deliberate collectors is reshaping the art market, as reported from Art Basel; the Independent art fair will relocate to Pier 36 in New York in 2026; Riga Contemporary, a new fair, launches in Latvia; and the inaugural Arrival art fair took place in North Adams, Massachusetts. In auctions, seven never-before-seen Picasso ceramic plates sold in Geneva for nearly double their estimate, while a Giacometti sculpture made the top 10 sales list. Galleries news includes Nara Roesler now representing Asuka Anastasia Ogawa, a new gallery called Open Studio opening in New York, and Andrew Edlin Gallery relocating. In museums, a government watchdog found the Trump Administration broke the law by withholding funding for the Institute of Museum and Library Services, and UC Irvine and the Orange County Museum of Art plan to merge. A legal battle over an El Greco painting withdrawn from Christie's auction is advancing, with the owner revealed as Russian billionaire Dmitry Rybolovlev.

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person people schedule Aug 12, 2025 visibility 16 link 4 artists, 1 gallery

matt bangser art intelligence amy cappellazzo 1234749236

Matt Bangser, a longtime director at Blum gallery (formerly Blum & Poe), will join Art Intelligence Global (AIG) as senior director on September 8. Bangser spent 16 years at Blum overseeing global sales and securing major estates like Robert Colescott, and previously held senior posts at Van de Weghe Fine Art, Phillips, and Christie's. His move follows the closure of Blum's Los Angeles and Tokyo galleries last month, when founder Tim Blum announced he was leaving the traditional gallery model. AIG co-founder Amy Cappellazzo said Bangser's experience across galleries, auction houses, and artist studios made him a rare hire.

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person people schedule Jan 20, 2026 visibility 15 link 14 artists

evan beard left masterworks launch new york gallery 1234770026

Evan Beard, a former Navy intelligence officer and Oxford economics graduate, is launching a new secondary market gallery called Beard & Co. on New York's Upper East Side after leaving Masterworks, the $1 billion art-tech startup where he ran its secondary market gallery Level & Co. Beard's career path includes stints at Deloitte and Bank of America, where he managed art financing operations and worked with major U.S. collectors. His new gallery will employ a half-dozen staff and function as a discreet private bank for collectors, offering services such as art loans, auction guarantees, consignments, and estate planning.

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trending_up market schedule Jun 24, 2025 visibility 10 link 4 artists

art market minute jun 23 2659130

Art Basel 2026 confirmed that the global art market remains a buyer's market, with sales occurring across various price brackets. A new generation of collectors is emerging, driven by curiosity, community, and long-term engagement rather than speculation. Meanwhile, former Sotheby's executive Adam Chinn has quietly built the art lending firm International Art Finance, backed by the Nahmad family.

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trending_up market schedule Nov 11, 2025 visibility 9 link 1 artist, 1 gallery

artdiscovery launches insured authenticity guarantee 1234760977

ArtDiscovery, a scientific art analysis firm with offices in London and New York, has launched what it calls the world's first insured authenticity guarantee for artworks. The service combines connoisseurship, provenance research, laboratory science, and proprietary AI, then backs the conclusion with an insurance policy from an A+ rated global insurer. If a certified attribution is later proven incorrect, the policy covers financial loss to the artwork's owner. The company's CEO, Denis Moiseev, and CFO, Steven Maslow, explained that the insured certificate is priced at 60 basis points of the certified value and travels with the artwork as a transferable warranty. The launch follows ArtDiscovery's acquisition by Hephaestus Analytical, a London-based tech company that uses AI, provenance research, and chemical analysis for authentication.

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article policy schedule Feb 18, 2026 visibility 9 link 1 artist

french police search institut du monde arabe as part of epstein probe 1234773717

French police conducted a raid on the Institut du Monde Arabe in Paris as part of an investigation into its former president, Jack Lang, and his daughter, Caroline Lang. The probe, led by the National Financial Prosecutor's Office, focuses on suspicions of aggravated tax fraud and money laundering linked to their names appearing in the newly released Jeffrey Epstein files. Lang, a former culture minister, resigned from the institute to protect its reputation, denying all allegations.

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trending_up market schedule Jan 6, 2026 visibility 9 link 1 artist

non bank art loans defaults rise deloitte private arttactic 1234768867

Half of non-bank art lenders experienced loan defaults in 2024, up from 17 percent in 2022, according to the Art and Finance Report 2025 by Deloitte Private and ArtTactic. The report notes that while the wider art market has shrunk since 2022—sales fell 12 percent to $57.5 billion in 2024—the market for art-backed loans has grown to an estimated $33.9–$40 billion. Non-bank lenders are increasingly taking on riskier clients, with some charging over 15 percent interest, while private banks reported zero defaults in 2024.

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trending_up market schedule Sep 23, 2025 visibility 10 link 1 artist

fed reserve interest rate cuts art market loans 1234752920

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points, the first reduction since December, bringing rates to their lowest level since late 2022. Art finance experts Anita Heriot of the Fine Art Group and Joshua Greenberg of Bank of America Private Bank told ARTnews that while the cut is unlikely to create new art buyers, it could stimulate art lending and borrowing against collections, as lower rates reduce the cost of carrying debt. The move signals a potential trend of further rate declines, which may encourage collectors to reengage with the market, especially amid softening art prices.

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trending_up market schedule Jun 18, 2025 visibility 7 link 1 artist

international art finance adam chinn nahmads 1234745117

Adam Chinn, former chief operating officer at Sotheby's, has been quietly building International Art Finance (IAF), a boutique art lending firm backed by the billionaire Nahmad family. In a recent interview with ARTnews, Chinn revealed that IAF has disbursed nearly $400 million in loans and is on track to reach $500 million by the end of 2025. The firm offers short-term, non-recourse loans with an average size of $8 million, claiming an edge in speed and scale, with loans disbursed in as little as 10 days. The Nahmad family, prolific collectors and dealers, provides funding and conducts internal artwork valuations, a practice that has drawn scrutiny over potential conflicts of interest.

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