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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 A legal battle over an El Greco painting withdrawn from Christie's auction is advancing, with the owner revealed as Russian billionaire Dmitry Rybolovlev.

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The Baloise Art Prize, worth $36,800, has been awarded to artists Rhea Dillon and Joyce Joumaa at Art Basel. Dillon's "Leaning Figures" sculptures, made from soap and molasses, were presented by London's Soft Opening gallery. Joumaa's installation "Periodic Sights," shown by Montreal's Eli Kerr Gallery, features photographs of Tripoli and Beirut commenting on energy crises in Lebanon. The prize is given annually to two artists in the fair's Statements sector.

Art Basel 2025

Art Basel 2025 opened with strong preview-day sales, surprising many galleries after a tough year in the art market. Dealers reported a 'buyer's market' with price reductions and flexibility, while high-priced works by Jeff Koons, Michael Armitage, Adrian Ghenie, and Frank Bowling sold. The fair introduced a new section called Premiere for works made in the past five years, aimed at easing participation for small to mid-sized galleries. Satellite fairs including Africa Basel, Liste, Volta, and Maze Design Basel also launched or celebrated anniversaries. Other highlights include the Baloise Art Prize awarded to Rhea Dillon and Joyce Joumaa, a Holbein drawings rehang at Kunstmuseum Basel, and a visa denial for artist Richard Mudariki. Qatar took center stage ahead of a new fair in 2026, and limited-edition Labubu figurines caused a frenzy at the Art Basel Shop.

Hunker Down With John Skoog

Artist John Skoog has premiered a new black-and-white feature film, 'Redoubt' (2025), starring Denis Lavant, and opened a concurrent exhibition at Moderna Museet in Malmö. The film follows a farmhand building an apocalyptic shelter, while the museum installation features the full-scale, fabricated bunker from the film's production.

25 of 2025: 5 Painters Who’ve Been Catching Our Eye

Artnet News has spotlighted five painters in its '25 of 2025' series, highlighting emerging talents defining the year. Among them are Pol Taburet, a Parisian painter known for bold color palettes and a rising market presence, with works selling above estimates at Sotheby's and Artcurial, and Maja Ruznic, a Bosnian-born artist whose haunting, jewel-toned works earned comparisons to Klimt and Rothko and a standout at the 2024 Whitney Biennial. Taburet is set to feature in the 36th Bienal de São Paulo, while Ruznic recently opened a solo exhibition at Karma Gallery and is included in Site Santa Fe International.

Culture Type | The Month in Black Art, Here’s What Happened in June 2025

The June 2025 edition of Culture Type's 'The Month in Black Art' roundup reports multiple developments: the Detroit Institute of Arts acquired Tiff Massey's installation 'Baby Bling' (2023) for its reimagined Modern and Contemporary galleries opening in 2026; Aperture magazine released a summer issue guest-edited by Tanisha C. Ford focusing on Black style and fashion; Different Leaf, a cannabis culture journal, relaunched with guest editors Nick Cave and Bob Faust; and Sean Kelly Gallery announced representation of artist Lindsay Adams in collaboration with PATRON Gallery. The article also notes updates on the Studio Museum in Harlem, a shakeup at the Afro Brazil Museum, new Art Basel Awards, and Suzanne Jackson's exhibition at SFMOMA.

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Alexandra Metcalf, a rising artist based in Berlin, is gaining attention for her multidisciplinary work that blends Victorian and psychedelic aesthetics with the dark history of women's psychiatric facilities. Her upcoming Art Basel debut with London's Ginny on Frederick features an installation titled "Assembly," consisting of four reclaimed grandfather clocks transformed into psychologically charged dioramas, which has been nominated for the Baloise Art Prize 2025. Metcalf also recently opened a solo exhibition "Gaaaaaaasp" at The Perimeter in London, an immersive installation evoking a 1960s doctor's waiting room and surgical theater, further exploring themes of madness, gendered labor, and Freudian psychology.

suki seokyeong kang sculptor dead 1234739999

Suki Seokyeong Kang, a Korean sculptor known for reimagining traditional Korean artistic forms in contemporary sculpture, died on Sunday at age 48 after a years-long battle with cancer. Her passing was announced by Seoul’s Kukje Gallery and her New York representative, Tina Kim Gallery. Kang’s work drew from centuries-old practices such as Joseon Dynasty painting and 600-year-old musical notation, translating them into highly conceptual, visually seductive sculptures that appeared in biennials worldwide, including Gwangju and Venice, and in museum surveys such as a 2023 show at Seoul’s Leeum Museum of Art. At the time of her death, her largest-ever US exhibition was on view at the Museum of Contemporary Art Denver, featuring her "Mountain" series inspired by the traditional Korean style si-seo-hwa.

Sculptural works by emerging artists win Baloise Art Prize

The Baloise Art Prize has been awarded to London-based artist Rhea Dillon and Lebanese Canadian artist Joyce Joumaa for their presentations in the Statements section of Art Basel. Dillon, represented by Soft Opening gallery, exhibited *Leaning Figures*, a series of wall-mounted sculptures made from resin mixed with molasses and Jamaican soil, replicating cut-crystal plates. Joumaa, shown with Montreal’s Galerie Eli Kerr, presented *Periodic Sights*, an installation of repurposed fuse boxes illuminated with photographs of everyday scenes from Beirut and Tripoli, addressing Lebanon’s energy crisis. As part of the prize, Dillon’s work was acquired by the Museum für Moderne Kunst (MMK) in Frankfurt, and Joumaa’s by Mudam Luxembourg.