Vasari Art Codex

trending_up market schedule Sep 7, 2025 visibility 1 link 11 artists, 5 galleries

The Storm Hits the Art Market

The article reports on the severe downturn in the art market during the first half of 2025, focusing on the closure of New York-based Clearing gallery. Despite opting out of Art Basel to host an alternative exhibition in a rented villa to cut costs, the gallery could not survive its financial losses and announced bankruptcy in August. It is one of several prominent galleries—including Blum, Venus Over Manhattan, and Kasmin—that have closed amid falling sales, high overheads, and reduced collector spending.

newspaper Artnet News open_in_new Read original

trending_up market schedule Sep 5, 2025 visibility 4 link 17 artists, 11 galleries

clearing gallery closes 1234749090

Clearing, a New York-based gallery known for launching the careers of artists like Korakrit Arunanondchai, Harold Ancart, and Marguerite Humeau, has permanently closed its spaces in New York and Los Angeles after 14 years. Founder Olivier Babin cited an unsustainable path forward, stating the gallery could no longer operate at its standards. The closure follows a wave of New York gallery shutdowns, including Blum, Venus Over Manhattan, and Kasmin, which is transitioning into a new entity called Olney Gleason. Clearing’s final exhibitions were solo shows by Coco Young in New York and Henry Curchod in Los Angeles.

newspaper ARTnews open_in_new Read original

article news schedule Aug 12, 2025 visibility 1 link 4 artists, 6 galleries

museum of plastic pollution opens clearing gallerist talks end of business and more morning links for august 11 2025 1234749196

The article reports on the death of Matthew Christopher Pietras, a prominent New York patron who was found dead after the Soros family claimed that a $10 million donation he made to the Metropolitan Opera actually belonged to a family member. It also covers the closure of Clearing gallery in New York, the fourth such closure in a month, following Blum, Venus Over Manhattan, and Kasmin. Additional news includes a Russian drone strike damaging a historic synagogue in Odessa, the death of collector Sylvio Perlstein, the launch of Victoria Miro's digital platform Live / Archive, and a feature on Enzo Suma's Archeoplastica museum of plastic waste.

newspaper ARTnews open_in_new Read original