Adrien Brody, fresh off his second Best Actor Oscar for *The Brutalist*, opened his first art exhibition in nearly a decade at Eden Gallery in New York. Titled "Made in America," the show features large-scale mixed-media paintings, a sound installation, and an interactive gum wall. The event drew a Hollywood-style crowd, with Brody mingling with guests and discussing his lifelong art practice, which he says preceded his acting career.
Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.
Artnet Pro's 'The Asia Pivot' newsletter previews the 2026 Asian art market, highlighting a hopeful recovery after signs of improvement in late 2025. Key events include Art SG in Singapore (hosting S.E.A. Focus for the first time), the inaugural Art Basel Qatar in February, and Art Basel Hong Kong in March. Auction houses will align spring sales with these fairs. The article also notes regional shifts: South Korea's Art Asia partners with KINTEX for a new fair in India, Hong Kong's Kwai Fung Hin opens in Singapore, and Shanghai's Antenna Space expands to Hong Kong. Japan's Prime Minister Sanae Takaichi meets with artist Takashi Murakami to promote culture abroad, while geopolitical tensions with China threaten cultural exchanges.
Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size
Dealers at the TEFAF Maastricht art fair reported strong sales, defying concerns over global unrest and geopolitical tensions that limited some collectors' travel. The fair, featuring 277 dealers from 24 countries, saw a high caliber of international collectors engaging with works ranging from monumental 18th-century sculptures to minuscule, intricately detailed pieces. First-time exhibitors and veterans alike expressed satisfaction, with one rare books dealer calling it his best year in three decades of participation.
Newly released documents from the Department of Justice reveal that the late financier and convicted sex offender Jeffrey Epstein was deeply involved in facilitating major art transactions between mega-collector Leon Black and Gagosian gallery. The files detail Epstein's personal communications with Black's lawyers regarding the acquisition of Pablo Picasso's 1931 sculpture *Buste de Femme (Marie-Thérèse)*, a work that was the subject of a legal dispute before Black acquired it for over $115 million. Epstein also assisted in a complex $48 million swap of a Rothko painting for a Picasso through Gagosian in 2012.
Artnet News examines the top five auction results for Jean-Michel Basquiat, whose meteoric rise and tragic death at age 27 fueled a legendary market. The list includes works such as "Versus Medici" (1982), which sold for $50.82 million at Sotheby's in 2021; "El Gran Espectaculo (The Nile)" (1983), which fetched $67.1 million at Christie's in 2023; and "Untitled" (1982), which reached $85 million at Phillips in 2022. The article highlights the artist's synthesis of graffiti and Renaissance aesthetics, his relationships with figures like Andy Warhol, and the explosive growth of his market over the past decade.
Italy's largest contemporary art fair, Artissima, opened its 32nd edition in Turin's Oval Lingotto arena with 176 international galleries from 36 countries. The fair is the first major international art event in Italy since the government slashed VAT on art sales from 22% to 5% in July, a move long sought by galleries and dealers. Early sales included works by João Gabriel, Silvia Capuzzo, and Simon Pasieka, and the fair attracted top curators like Hans Ulrich Obrist and Massimiliano Gioni, as well as prominent Italian collecting families. However, some gallerists noted a lack of American collectors, echoing trends seen at Art Basel in Switzerland.
The Nahmad family sold a Francis Bacon painting titled *Pope* (1958) for $15 million at the VIP opening of Art Basel. The work, which had been purchased by Helly Nahmad gallery for $6.6 million at a Sotheby’s auction in 2019, was the second-highest known price at the fair, trailing only a $40 million Louise Bourgeois *Spider* sold by Hauser & Wirth.
The spring Islamic and Indian art auctions in London, held at Sotheby's and Christie's in late April, achieved strong results despite geopolitical tensions. Sotheby's Arts of the Islamic World & India sales totaled £14.8m, while Christie's Art from the Islamic and Indian Worlds sale and the Mary and Cheney Cowles collection brought in £17.6m. The top lot was a rare 14th-century Mamluk gilded glass bowl from the Toledo Museum of Art, which sold for £5.5m—a new auction record for Islamic glass. Other highlights included a 17th-century Mughal astrolabe that sold for £2m at Sotheby's, setting a record for an Islamic scientific instrument, and strong sales of Iznik ceramics from two old English collections.
Art Brussels, now in its 42nd edition (April 23–26), has downsized from 164 to 138 participating galleries, a 15% reduction that allows the fair to fit entirely within one hall of Brussels Expo. Director Nele Verhaeren openly acknowledged the shift, framing it as a deliberate move toward a 'quality-first' approach that prioritizes visitor experience over sheer scale. The fair introduces a new section called Horizons, curated by Devrim Bayar of the upcoming Kanal-Pompidou museum, featuring seven large-scale works in the freed-up space. Dealers like Xavier Hufkens and Nadja Vilenne support the strategy, noting that galleries must now carefully choose which fairs to attend amid rising costs and geopolitical tensions.
Yinka Shonibare, the London-based British-Nigerian artist, established the nonprofit Guest Artists Space (G.A.S.) Foundation in Nigeria in 2019 to address the lack of artistic infrastructure in Lagos. The foundation, which grew out of his earlier Guest Projects initiative in London, operates two facilities: the G.A.S. Lagos Residency and the G.A.S. Farm House in Ijebu, Ogun State. It hosts residencies and programs supporting artists and curators from Africa and beyond, and launched the G.A.S. Fellowship Award in 2022. The article highlights the experience of 2024 fellow Amanda Iheme, an architecture photographer who expanded her practice during her residency. Shonibare funds the foundation partly from his own art sales, and the piece notes his recent major exhibitions, including at the Venice Biennale and Serpentine Galleries, as well as his current show at Fondation H in Madagascar.
The article reports on a severe downturn in the art market during summer 2025, with gallery closures, declining auction sales, and widespread pessimism. Notable dealers Tim Blum and Adam Lindemann have shut their galleries, and a survey by France's Professional Committee of Art Galleries (CPGA) found 85% of respondents pessimistic about the sector's economic health, with turnover down 6% in 2024. The Art Dealers Association of America (ADAA) canceled its October Art Show in New York, and some dealers are considering small business loans to cover costs. Meanwhile, galleries like Goodman Gallery are embracing e-commerce to adapt.
Maurice Mielcarek, a 43-year-old Zurich-based collector, exemplifies a new generation of younger art buyers who prioritize lasting engagement over speculation. At Zurich Art Weekend, he introduced friends to New York artist Travis Boyer, whose velvet paintings Mielcarek has collected for two years. This cohort, mostly in their 30s and 40s, takes a slower, research-driven approach to collecting, often building relationships with artists and galleries before purchasing. They focus on discovery, conceptual works, and supporting artists' visions beyond mere acquisition.
Belgian billionaire Guy Ullens, a key figure in promoting Chinese contemporary art, died at age 90. His death was announced by the Ullens Center for Contemporary Art (UCCA) in Beijing, which he founded in 2007 as one of China's first privately run contemporary art centers. The article also covers Art Basel Hong Kong, Art Dubai's digital art sales, Gallery Weekend Beijing's new invitation-only system, Bluerider Art's expansion to Los Angeles, the appointment of Ho Tzu Nyen as artistic director of the 16th Gwangju Biennale, the Turner Prize 2025 shortlist, the opening of New Taipei City Art Museum, and Saudi Arabia's new typefaces.
Phillips has unveiled the lineup for its upcoming Modern and Contemporary art sales in London, scheduled for March 5 and 7. The auctions are headlined by a significant group of Scandinavian masterworks from the collection of former US Ambassador John L. Loeb, led by Vilhelm Hammershøi’s "Interior of Woman Placing Branches in Vase on Table" (1900), estimated at up to £2 million. Other major highlights include a rare Andy Warhol "Mao" painting, a Banksy work formerly owned by Robin Williams, and pieces by Tracey Emin, El Anatsui, and Donald Judd.
Art world provocateur Kenny Schachter addresses the current climate of anxiety within the industry, touching on everything from the existential threats of advanced AI tools like Anthropic’s Mythos to the 'doomster' narratives of market analysts. Amidst reports of dwindling demand and galleries struggling with non-paying clients, Schachter highlights the enduring value of historical works, such as a 1799 Goya etching, while dismissing claims that screens are replacing physical art in the home.
Sotheby's achieved a record-breaking $706 million auction night at its new global headquarters in the Breuer Building, New York, the highest total in the auction house's 281-year history. The sale was propelled by the collection of late art patron Leonard A. Lauder, whose 24 pieces sold for $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) which fetched $236.4 million, becoming the second-priciest artwork ever sold at auction. A subsequent contemporary and ultra-contemporary art sale added $178.5 million.
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.
Jussi Pylkkanen, former Christie's chairman, analyzes the upcoming New York 20th and 21st Century Art sales, noting a return to market confidence after strong European auctions in London and Paris aligned with Frieze and Art Basel Paris fairs. Christie's London posted its best October sales since 2018, Sotheby's had its most valuable Paris season, and a Picasso portrait sold for $37 million at Hôtel Drouot. The season shows a shift from speculative buying toward established artists like Bacon, Freud, Picasso, and Klimt, with 27 works valued over $10 million, led by Gustav Klimt's *Portrait of Elizabeth Lederer* from the Leonard Lauder collection, estimated to exceed $150 million at Sotheby's.
Martha Stewart has curated a contemporary art sale for Joopiter, the auction platform founded by Pharrell Williams. Titled "The Contemporary Take," the auction runs from April 28 through May 6 and features nearly 50 artworks by leading artists, including Amy Sherald, Hank Willis Thomas, Adrian Ghenie, Alex Katz, Damien Hirst, and Lynette Yiadom-Boakye. Stewart handpicked a selection of works for the Spring season, focusing on themes of growth, regeneration, and vitality. The sale marks Joopiter's first auction of contemporary art, following collection sales by Kim Jones, Kid Cudi, and Nigo.
Vanity Fair's Nate Freeman reports on New York's spring art season, where auction houses are poised to sell at least $2.6 billion in art alongside major museum exhibitions (Raphael at the Met, Duchamp at MoMA, Matisse at Acquavella) and the opening of Frieze New York at The Shed. The article follows the social and commercial frenzy, highlighting a David Shrigley gong installation at Anton Kern Gallery's booth and the enduring dominance of New York, where nearly 90% of U.S. art sales occur.
Major international galleries reported unexpectedly strong sales on the preview day of Art Basel, despite geopolitical tensions, stock market volatility, and uncertainty over US tariffs. Thaddaeus Ropac sold works by Georg Baselitz, James Rosenquist, and Robert Rauschenberg, while Gagosian, David Zwirner, Pace, and Hauser & Wirth also reported multimillion-dollar sales, including a Ruth Asawa sculpture for $9.5 million and a Pablo Picasso painting priced at $30 million. Many dealers expressed surprise at the speed and volume of sales, which defied the broader international environment.
Frieze New York (7-11 May) opens its 13th edition at The Shed with around 65 galleries, including mega-galleries Gagosian, David Zwirner, Hauser & Wirth, Pace, and White Cube. The fair arrives amid a turbulent art market: global art sales declined 12% in 2024 per Clare McAndrew's Art Market Report, and President Trump's tariff decisions have roiled the stock market. Frieze's owner Endeavor recently sold the fair to a new company founded by former CEO Ari Emanuel. Despite this, US fair director Christine Messineo expresses optimism, citing strong sales at Frieze Los Angeles in February. The Focus section features 12 emerging galleries, seven of which are first-time participants, including King's Leap, Management, Voloshyn Gallery (Kyiv), and Public Gallery (London).
Christie’s New York concluded its 20th and 21st Century Art sales week on November 21, 2025, generating a total of $964.5 million, the auction house’s highest in three years. The sales included the Collection of Robert F. and Patricia G. Ross Weis, which alone brought in $218 million, led by Mark Rothko’s *No. 31 (Yellow Stripe)* at $62.1 million. Other top lots included works by Claude Monet, Pablo Picasso, and David Hockney, each exceeding $40 million. Fifteen artist records were broken, including for Beauford Delaney, Leonor Fini, Firelei Báez, and Olga de Amaral. Bidding was active across all platforms, with the highest online bid ever placed at a live Christie’s auction.
Christie’s is holding its 20th and 21st Century Art auctions in New York this November, featuring masterpieces by David Hockney, Mark Rothko, Pablo Picasso, Lucian Freud, and Richard Diebenkorn. The sales include works from distinguished private collections such as The Collection of Robert F. and Patricia G. Ross Weis, Elaine: The Collection of Elaine Wynn, the Edlis | Neeson Collection, and the Arnold and Joan Saltzman Collection. A free public exhibition runs from 7–20 November at Christie’s Rockefeller Center galleries, with live auctions on 18 and 20 November, including an Impressionist & Modern Works on Paper Sale and a Post-War & Contemporary Art Day Sale. Highlights include Edgar Degas’ pastel *Danseuses sur la scène* (c. 1879), a Joan Miró from 1942, and a Frida Kahlo painting with a storied exhibition history.
The article profiles three Japanese ultra-contemporary artists—Miwa Komatsu, Justin Caguiat, and Yukimasa Ida—who are gaining significant traction on the international art market. It details Komatsu's rise from a 2015 Christie's Hong Kong sale to becoming the first Japanese ultra-contemporary artist ranked among the world's top 1,000 sellers, with $2 million in sales in 2022.
Nifty Gateway, a once-prominent curated NFT marketplace, has announced its closure after failing to achieve its ambitious goal of converting one billion people into NFT owners. The platform, which initially succeeded by focusing on digital art sales, leveraged social media metrics like Instagram popularity to select artists such as Kenny Scharf, Filip Hodas, and FVCKRENDER, favoring a pop-centric, visually digestible aesthetic.
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.
Hundreds of artists, gallery owners, and collectors staged coordinated sit-ins at major Spanish museums, including the Museo Reina Sofía, to protest the country's 21 percent Value Added Tax (VAT) on art sales. Demonstrators gathered around Richard Serra’s 'Equal-Parallel/Guernica-Bengasi'—a replica of a work that famously vanished from storage—to symbolize the potential disappearance of the Spanish art sector under current fiscal pressures. The protests included demands for the resignation of the culture and finance ministers and calls for tax parity with European neighbors.
Rembrandt van Rijn's drawing *Young Lion Resting* (ca. 1638–42) sold for a record $17.9 million at Sotheby's New York on Wednesday, the highest price ever paid for a drawing by the Dutch master. The work, which toured Paris, Abu Dhabi, Tokyo, and New York before the sale, was offered from the Leiden Collection, the renowned private trove of 17th-century Dutch Golden Age art assembled by Thomas Kaplan and his wife Daphne. All proceeds from the sale will benefit Panthera, the wild cat conservation charity co-founded by Kaplan and Jon Ayers.