filter_list Showing 6 results for "art market correction" close Clear
search
dashboard All 6 trending_up market 6
date_range Range Today This Week This Month All
Subscribe

The Business of KAWS: What Data and a Museum Show Reveal About His Market

The San Francisco Museum of Modern Art (SFMOMA) is currently hosting a major survey of KAWS, marking the final stop of a three-city tour that highlights the artist's unique blend of commercial savvy and institutional ambition. The exhibition features a range of works from diamond-encrusted sculptures for Kid Cudi to a 'genius' membership drive that sold 1,000 KAWS-branded museum memberships at $300 each. Despite a significant cooling in his auction results—dropping from a 2019 peak of $112.9 million to just $7.72 million last year—the artist continues to draw massive crowds, particularly among younger demographics.

marquee art sales fall 2025 christies sothebys phillips 1234761496

Christie's, Sotheby's, and Phillips are holding their marquee fall 2025 sales in New York next week, with an unusually high volume of inventory. Christie's alone will offer 80 works on Monday night, and across the week 27 lots carry estimates above $10 million—a stark contrast to the tepid May sales. The season is top-heavy, with the $2 million–$5 million range considered the trickiest. Notable consignments include the estate of Leonard Lauder and the collection of Stefan Edlis and Gael Neeson, while many discretionary sellers remain absent. Day sales feature works with significant price drops, such as a Steve Parrino painting last sold for nearly $1 million now estimated at $300,000–$500,000, and an Avery Singer work that sold for $3 million in 2022 now estimated at $600,000–$800,000. Several pandemic-era speculative purchases are also returning to market at steep discounts.

work of the week maria berrio sothebys 2748184

Sotheby’s is offering María Berrío’s mixed-media collage "Act II, Scene 4: Threshold" in its "Contemporary Discoveries" online sale with an estimate of $60,000–$80,000. This specific work previously sold for $380,000 at the Two x Two for AIDS and Art charity auction in 2023, far exceeding its then-retail value of $125,000. The current auction serves as a litmus test for the artist's secondary market resilience following a period of intense speculative trading.

sothebys contemporary art auction report 2645705

Sotheby's held a three-part marathon of contemporary art auctions in New York on Thursday evening, totaling $186.1 million with fees across 68 lots. The evening included white-glove sales for the collections of legendary dealer Barbara Gladstone and veteran dealer Daniella Luxembourg, with the Gladstone offering exceeding its presale estimate. Top lots included Richard Prince's "Man Crazy Nurse" (2002–03), which sold for $3.96 million, and Lucio Fontana's "Concetto spaziale, La fine di Dio" (1963), which achieved $14.5 million. The main contemporary evening sale took in $127 million, while the overall result fell short of last May's equivalent sale of $234.6 million.

global auction sales h1 2025 arttactic analysis 1234747389

Global auction sales at Christie’s, Sotheby’s, and Phillips fell 6.2% in the first half of 2025 compared to the same period last year, while the number of lots sold rose 1.3%. ArtTactic’s analysis reveals significant category shifts: post-war and contemporary art dropped 19.3% to $1.22 billion, impressionist and modern art fell 7.7% to $989.5 million, and luxury sales were nearly flat. In contrast, Old Masters surged 35.6% to $171.2 million, and design, decorative arts, and furniture rose 20.4% to $172 million. The decline in high-value trophy lots, including the withdrawal of Andy Warhol’s *Big Electric Chair* and Alberto Giacometti’s *Grande tête mince*, contributed to the slump in contemporary sales.

newsmakers alice black tatiana cheneviere adivsory 1234748620

Two London-based gallerists, Alice Black and Tatiana Cheneviere, have launched Black + Cheneviere (B+C), a new art advisory that promotes a values-led, slower approach to collecting. The duo, who founded their own galleries (Black's eponymous gallery and Pipeline gallery), aim to counter what they see as an overly transactional art market by encouraging collectors to align purchases with personal values and build sustained relationships with artists. The launch comes amid a market correction where collectors are becoming more selective and negotiating harder.