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.

The rise and fall of ‘buy-one, give-one’ art sales

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.

Italian Winemaker Ornellaia Reveals Marina Abramović’s Designs for Its 2023 Vintages

Marina Abramović has collaborated with the Italian winemaker Ornellaia to design labels for its 2023 vintage as part of the annual Vendemmia d’Artista project. The designs range from self-portrait drawings and photographs featuring grapes to a conceptual 9-liter bottle that instructs the drinker to listen to Nino Rota’s theme from La Dolce Vita while consuming the wine. A selection of these limited-edition bottles will be auctioned at Bonhams in June to raise funds for the Guggenheim Museum.

I think I didn't understand many artists

"Ich glaube, ich habe viele Künstler nicht verstanden"

Adrian Searle, the long-standing chief art critic for The Guardian, is stepping down after three decades at the publication and nearly 50 years in art criticism. In a reflective interview, Searle discusses his transition from a practicing painter and educator to a critic, noting that his early interactions with students like Peter Doig and Isaac Julien helped him realize his true strength lay in writing rather than art-making. He recounts his experiences navigating the British art scene, from the decline of Greenbergian abstraction to his encounters with formidable figures like Richard Serra.

The 5 Best Booths at EXPO Chicago 2026

The 2026 edition of EXPO Chicago opened at Navy Pier with a renewed sense of energy, marking its third year under Frieze ownership and its first under the leadership of director Kate Sierzputowski. Early reports from the VIP preview suggest a successful revitalization of the fair, which has successfully re-engaged longtime Midwestern collectors while simultaneously attracting a more robust international audience.

Why the Photo Market Is Moving Closer to Painting, With Unique Works Leading the Way

Artnet Auctions has launched its Spring Photographs sale, running through April 16, 2026, featuring works by blue-chip artists such as Peter Beard, Adam Fuss, and Diane Arbus. The auction highlights a significant shift in the photography market toward unique, one-of-a-kind works—including photograms, hand-painted images, and collages—that blur the lines between photography and painting. This trend is evidenced by increasing auction prices, with several works recently crossing the $1 million and $2 million thresholds.

Must-See Art Exhibitions at EXPO Chicago 2026

EXPO Chicago 2026 marks its 13th edition with a robust program featuring over 130 international galleries alongside significant institutional exhibitions across the city. Highlights include Leah Ke Yi Zheng’s 64-painting installation at The Renaissance Society, which utilizes silk and natural light, and Youssef Nabil’s career-spanning survey of photography and film at Mariane Ibrahim. Additionally, the Chicago Cultural Center is hosting a cross-cultural exploration of modernism, while The Smart Museum presents a thematic study of Alma Thomas’s color theory influenced by space exploration and music.

All Things Art You Cannot Miss This April

The Indian art scene is set for a bustling April 2026 with a series of high-profile exhibitions across major cities like Delhi and Mumbai. Key highlights include Subodh Gupta’s monumental installations at the Nita Mukesh Ambani Cultural Centre, a photographic tribute to Bombay by Raghubir Singh at Jhaveri Contemporary, and the public viewing of Raja Ravi Varma’s iconic 'Yashoda and Krishna' at the ShowKeen exhibition. These shows span a diverse range of media, from Akanksha Patil’s introspective narratives on migration to Laila Khan Furniturewalla’s raw, expressive paintings.

Art March Hong Kong | 8 Kusama pumpkins head to auction during Basel week – here’s every one of them

Eight signature pumpkin works by Yayoi Kusama are set to headline the spring auction season in Hong Kong, coinciding with Art Basel Hong Kong. Major auction houses including Sotheby’s, Christie’s, and Bonhams are offering a diverse range of the artist's iconic motif, featuring everything from a massive two-meter-tall fiberglass sculpture to rare canvases in red and yellow. The sales include a unique single-owner collection at Bonhams titled "More than Red," showcasing the breadth of Kusama’s most commercially successful subject.

Art March Hong Kong | 8 Kusama pumpkins head to auction during Basel week – here’s every one of them

Eight signature pumpkin works by Yayoi Kusama are set to headline the spring auction season in Hong Kong, coinciding with Art Basel week. Major auction houses including Sotheby’s, Christie’s, and Bonhams are offering a diverse range of these iconic motifs, featuring everything from a massive two-meter-tall fiberglass sculpture to rare red and yellow canvases. Notable highlights include a unique 2015 sculpture at Sotheby’s with a high estimate of HK$60 million and a rare red pumpkin painting at Bonhams.

On Arte, 'The Stolen Painting' dives into auction houses through the rediscovery of an Egon Schiele looted by the Nazis

Sur Arte, « Le Tableau volé » plonge dans les salles de ventes aux enchères à travers la redécouverte d’un Egon Schiele spolié par les nazis

Director Pascal Bonitzer’s film 'Le Tableau volé' (The Stolen Painting) dramatizes the real-life 2005 discovery of a lost Egon Schiele masterpiece, 'Autumn Sun,' in the modest home of a factory worker in Mulhouse. The narrative follows a cynical auctioneer, played by Alex Lutz, as he navigates the authentication and eventual sale of the work, which was looted by the Nazis from Jewish collector Karl Grünwald during the 1940s.

On Arte, 'The Stolen Painting' dives into auction houses through the rediscovery of an Egon Schiele looted by the Nazis

Sur Arte, « Le Tableau volé » plonge dans les salles de ventes aux enchères à travers la redécouverte d’un Egon Schiele spolié par les nazis

Director Pascal Bonitzer’s film 'Le Tableau volé' (The Stolen Painting) dramatizes the real-life 2005 discovery of a lost Egon Schiele masterpiece, 'Autumn Sun,' in the modest home of a factory worker in Mulhouse. The narrative follows a cynical auctioneer, played by Alex Lutz, as he navigates the authentication and eventual sale of the work, which was looted by the Nazis from Jewish collector Karl Grünwald during World War II.

‘The Christophers’ Review: Fine Art, Frayed Artists

Director Steven Soderbergh’s latest film, 'The Christophers,' features standout performances by Ian McKellen and Michaela Coel in a narrative centered on the high-stakes intersection of the art world and global finance. The story follows the psychological and professional fraying of artists and dealers as they navigate a landscape defined by ego, commerce, and the pursuit of prestige.

6 Exhibitions to See During EXPO Chicago 2026

The art world is witnessing a significant shift toward 'one-work exhibitions,' where entire gallery or museum spaces are dedicated to a single object. This curatorial trend, often referred to as 'slow looking,' prioritizes deep engagement and spatial experience over the traditional model of high-volume, rapid-fire viewing. By isolating a single masterpiece or installation, institutions are challenging the 'speed and glut' that defines modern digital and visual consumption.

Chalk Horse opens new BKK exhibit space

Sydney-based contemporary art gallery Chalk Horse has announced the opening of a new exhibition space in Bangkok, Thailand. This expansion marks a significant move for the gallery as it seeks to establish a permanent physical presence in the Southeast Asian art hub, building on its history of representing Australian and international contemporary artists.