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.

Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

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.

Lily Allen’s ‘West End Girl’ Portrait Makes Its Museum Debut

Lily Allen's portrait, created by Spanish artist Nieves González for the cover of her album 'West End Girl,' has gone on public display at London's National Portrait Gallery. The painting, which blends Old Master techniques with contemporary fashion, was loaned to the museum by Allen herself and will be exhibited for a year.

Melvin Edwards, pioneer of Black abstraction, 1937–2026

Melvin Edwards, a pioneering sculptor known for his steel assemblages that explored Black history and experience, has died. He was the first African-American artist to have a solo exhibition at the Whitney Museum of American Art in New York in 1970. His signature series, Lynch Fragments, began in the 1960s as a response to the civil rights movement and evolved over his lifetime to incorporate references to the Vietnam War and African cultural practices.

How a Louise Bourgeois Print Inspired Eden Xu-Martinez’s Intimate Collection

Eden Xu-Martinez, a collector and art administration professional, has built a personal collection centered on the accessibility and intimacy of prints. Her journey into collecting was catalyzed by a lithography course at Columbia University and a profound encounter with a Louise Bourgeois print, which shifted her perspective on the medium from mere reproduction to a deeply personal form of artistic expression.

How This Cannabis CEO Brings an Edge to Art Collecting

How This Cannabis CEO Brings an Edge to Art Collecting

A cannabis industry CEO is applying the aggressive, data-driven tactics of his business to the art market, building a significant collection focused on underrepresented artists. Steve DeAngelo, co-founder of Harborside Inc., leverages his company's analytical approach to identify value and emerging trends, targeting works by artists of color, women, and LGBTQ+ creators that he believes are undervalued by the traditional market.

Inside LACMA’s 2026 Reopening: What to Know About the New David Geffen Galleries

The Los Angeles County Museum of Art (LACMA) has announced that its highly anticipated David Geffen Galleries will officially open to the public on April 19, 2026. Designed by Pritzker Prize–winning architect Peter Zumthor in collaboration with director Michael Govan, the new facility features a horizontal, elevated design that spans Wilshire Boulevard. The structure will house 26 galleries on a single level, representing the culmination of a nearly two-decade redevelopment project.

Jordan Wolfson’s Newest Provocation Is a Creepy Prada Ad Campaign

Artist Jordan Wolfson has directed a new advertising campaign for Prada's Spring/Summer 2026 collection. The campaign, titled "I, I, I, I AM… PRADA," features unsettling, computer-generated birds and a bird-man hybrid alongside models including actors Carey Mulligan, Nicholas Hoult, Damson Idris, and Hunter Schafer, continuing Wolfson's signature style of disturbing digital avatars.

8 Standout Artists from the 2026 Whitney Biennial

The 2026 Whitney Biennial has opened, featuring 71 artists and collectives, with eight emerging as immediate standouts. Among them are Jacolby Satterwhite, celebrated for his immersive digital worlds; Lotus L. Kang, whose site-specific installation incorporates decaying materials; and Jes Fan, who explores biology and identity through sculptural forms. Other notable artists include Tiona Nekkia McClodden with her ritualistic film work, the collective Indigenous Futures, and figurative painter Cynthia Daignault. Their works collectively address themes of technology, the body, memory, and ecology.

Art Movements: Look Who’s Headed to Perrotin Gallery

The French mega-gallery Perrotin has added sculptor Alma Allen to its roster. Allen previously caused controversy by accepting a nomination to represent the United States at the Venice Biennale under the Trump administration's State Department, a decision that led his former galleries to drop him. The article also notes other industry news, including Keisha Scarville winning the Brooklyn Museum's UOVO Prize and Marina Abramović creating an inflatable installation for New York's Balloon Museum.

8 Artists to Follow If You Like Marcel Duchamp

Marcel Duchamp’s legacy continues to shape contemporary art through his pioneering use of readymades, conceptual rigor, and institutional critique. This analysis identifies eight modern and contemporary artists whose practices echo Duchamp’s subversion of traditional aesthetics, ranging from his early experiments with found objects to his later explorations of gender and mechanical desire.

Marcel Duchamp readymades show to inaugurate new Gagosian Upper East Side gallery.

Gagosian has announced that its new gallery space on the Upper East Side will open with a major exhibition dedicated to Marcel Duchamp. The show, located at 980 Madison Avenue, will feature a comprehensive collection of the artist's iconic readymades, marking a significant addition to the New York spring art calendar.

Viral Beeple robot dogs to go on display at Berlin museum.

Viral Beeple robot dogs to go on display at Berlin museum.

A set of robotic dog sculptures by digital artist Beeple, which became a viral sensation online, have been acquired by Berlin’s König Galerie for its permanent collection and will go on public display. The four lifelike, animatronic canines, titled "S.2122," are modeled on Boston Dynamics' "Spot" robots but are weathered and decaying, with exposed wires and organic growths. This marks Beeple's first major physical sculpture series to enter a prominent institutional collection, following his landmark $69 million NFT sale in 2021.

A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major painting by Jean-Michel Basquiat, titled *Portrait of the Artist as a Young Derelict*, will be auctioned at Christie’s in New York this May. The 1982 work is a prime example of the artist's raw, graffiti-infused style and is expected to fetch over $5 million. This sale is part of Christie’s marquee spring auctions, highlighting continued strong market demand for blue-chip contemporary art.

Art Movements: Dozens Laid Off at Artnet and Artsy

Digital art giants Artnet and Artsy have implemented significant layoffs following their recent merger under the investment firm Beowolff Capital. The cuts, which occurred on April 16, impacted dozens of employees across both organizations, including senior editorial staff such as Sarah Cascone and Eileen Kinsella. The restructuring follows a reported 12% revenue decline for Artnet in early 2025 and involves the shutdown of Artnet's German entity as the two companies consolidate into a single team led by CEO Jeffrey Yin.

Works by Renoir, Cézanne, and Matisse Snatched in Major Italian Art Heist

Four hooded thieves stole three valuable paintings from the Magnani-Rocca Foundation in Parma, Italy, in a swift nighttime heist. The stolen works include Paul Cézanne's 'Still Life with Cherries,' Henri Matisse's 'Odalisque on the Terrace, 1922,' and Pierre-Auguste Renoir's 'Les Poissons (Fish), 1917,' collectively worth millions of euros. The operation, described as highly structured and organized, took less than three minutes.

The 5 Best Booths at miart 2026

The 30th edition of miart opened its doors at the Allianz MiCo convention center in Milan, marking a significant milestone for Italy’s premier international modern and contemporary art fair. As the city continues its ascent as a global art capital, the 2026 fair attracted a diverse continental crowd of collectors and professionals ahead of the upcoming Venice Biennale.

5 Ways the Art World Can Better Support Women Artists

Sculptor Thaddeus Mosley dies at 99.

Sculptor Thaddeus Mosley dies at 99.

Sculptor Thaddeus Mosley, a self-taught artist renowned for his monumental abstract wood sculptures, has died at the age of 99. Working for decades in his Pittsburgh basement, Mosley used locally sourced felled trees and traditional hand tools to create dynamic, asymmetrical forms that channeled both modernist principles and African artistic traditions. His prolific career, which began in his 30s, gained significant institutional recognition only in his later decades, culminating in a major 2022 solo exhibition at the Baltimore Museum of Art.

Cosima von Bonin’s sculptures star in Loewe’s fall/winter 2026 runway show.

Cosima von Bonin’s sculptures star in Loewe’s fall/winter 2026 runway show.

German artist Cosima von Bonin’s large-scale, fabric-based sculptures were integrated directly into Loewe’s fall/winter 2026 runway show during Paris Fashion Week. Creative director Jonathan Anderson placed her oversized, characteristically enigmatic soft sculptures—including a giant lobster and a crumpled cigarette—amidst the models, transforming the presentation into a moving exhibition. This collaboration continues Anderson’s practice of merging high art with high fashion on the runway.

Photographer Zanele Muholi is named the 2026 Hasselblad Award laureate.

South African visual activist Zanele Muholi has won the prestigious 2026 Hasselblad Award, one of the highest honors in photography. The award, which includes a cash prize and a major exhibition at the Hasselblad Foundation in Gothenburg, Sweden, recognizes Muholi's decades-long dedication to documenting and celebrating Black LGBTQIA+ communities in South Africa and beyond. Their powerful portraits and self-portraits challenge historical erasure and create a profound visual archive of resistance and existence.

Hong Kong Marquee Art Sales Total $164.9 M., Up 18 Percent From Equivalent 2025 Auctions

Christie's, Phillips, and Sotheby's spring marquee auctions in Hong Kong generated a combined $164.9 million, an 18% increase from the equivalent sales in spring 2025. The auctions, strategically timed to coincide with Art Basel Hong Kong, saw strong demand for trophy works, with Christie's leading the season at $83.8 million. Key sales included a Gerhard Richter painting for $11.77 million and a Sanyu work for $8.17 million, while Sotheby's sold a Joan Mitchell painting for $17.6 million, the season's top lot.

At the Guggenheim, Carol Bove Bends Metal—and Minimalism—to Her Will

At the Guggenheim, Carol Bove Bends Metal—and Minimalism—to Her Will

A major new exhibition of Carol Bove's work has opened at the Guggenheim Museum in New York. Titled "Carol Bove: The séance isn't over," the show features over two dozen of the artist's large-scale sculptures, many crafted from delicately arranged steel tubing and precariously balanced metal plates. The installations are strategically placed within the museum's iconic rotunda, creating a dynamic conversation with the Frank Lloyd Wright-designed spiral.

Guggenheim Museum Appoints Melissa Chiu as Next Director

The Solomon R. Guggenheim Museum has appointed Melissa Chiu as its new director, effective September 1. Chiu joins the New York flagship after a 12-year tenure at the Smithsonian’s Hirshhorn Museum and Sculpture Garden, where she was credited with doubling attendance and significantly increasing fundraising. Her appointment is part of a leadership restructuring by Guggenheim Foundation Director and CEO Mariët Westermann, who will shift her focus toward the foundation's international outposts, including the upcoming Abu Dhabi location.

12 Collectors on the Artists, Shows, and Trends to Watch in 2026

Artsy spoke with 12 leading collectors about the artists, exhibitions, and trends they are most excited to follow in 2026. Highlights include the re-centering of women artists, the rise of South Asian and LGBTQ+ artists, and the impact of AI on gallery operations. Collectors point to major institutional milestones such as LACMA's new campus, the Guggenheim Abu Dhabi, the Venice Biennale, and Art Basel's expansion into Qatar, as well as specific shows like Claire Tabouret's stained-glass commission for Notre-Dame and the Frida Kahlo exhibition at the Museum of Fine Arts, Houston.

10 Must-See Shows during Frieze London 2025

Frieze London 2025 has arrived, bringing with it a sprawling public sculpture exhibition and two art-packed tents in Regent's Park, including the historically focused Frieze Masters. Alongside the main fair, London's galleries are hosting a mix of shows ranging from established favorites to emerging talents, with many exhibitions featuring ambitious sculptural works made from unconventional materials like furniture and driftwood. Notable highlights include Sonia Gomes and Kudzanai-Violet Hwami showing bronze sculptures for the first time, Cai Guo-Qiang's controversial gunpowder canvases at White Cube, and Danielle Fretwell's sumptuous oil paintings at Alice Amati. Artsy has curated a list of 10 must-see gallery exhibitions taking place during the fair.

Record-Breaking $110.5 M. Basquiat Painting, Now Owned by Ken Griffin, to Go on View in Miami This Summer

The Pérez Art Museum Miami will present "Basquiat: Figures, Signs, Symbols," an exhibition of approximately ten works by Jean-Michel Basquiat from the collection of billionaire Kenneth C. Griffin. Opening June 25, the show includes the record-breaking 1982 painting "Untitled," which sold for $110.5 million in 2017 and was later acquired by Griffin, alongside other major paintings and a sculpture.

Picasso’s ‘Guernica’ Could Leave Madrid for the First Time in Over 30 Years

The Basque regional government has formally requested a temporary loan of Pablo Picasso's 'Guernica' from Madrid's Museo Reina Sofía to the Guggenheim Museum Bilbao for a period from October 2026 to June 2027. This would mark the painting's first movement since 1992 and is timed to coincide with the 90th anniversary of the bombing of Guernica. The request faces strong opposition from the Reina Sofía, which has released a conservation report stating the monumental canvas is too fragile to travel.

A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix

A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix

Netflix has announced a new series focusing on the turbulent relationship and artistic partnership between Frida Kahlo and Diego Rivera. The project, adapted from Claire Berest's biography, will be co-directed by Mexican filmmakers Patricia Riggen and Gabriel Ripstein and aims to present the story through a specifically Mexican and feminine perspective, exploring their politics and infamous love affairs.

Recipients of $100,000 Rauschenberg Centennial Award Named

The Robert Rauschenberg Foundation has announced the recipients of its one-time Rauschenberg Centennial Award, a $100,000 unrestricted prize honoring the artist's 100th birthday. Winners include artist Senga Nengudi, performer David Thomson, photographers Chandra McCormick and Keith Calhoun, and poet Patricia Spears Jones, all of whom were selected from past participants of the foundation's Captiva Residency program.