Art News. Vasari Codex

museum exhibitions schedule Jul 4, 2025 visibility 41 link 38 artists, 17 galleries

The galleries on Cork Street join forces for group exhibition celebrating 100 years as a landmark art destination.

Fifteen galleries on London's historic Cork Street have united for a first-of-its-kind group exhibition titled "Fear Gives Wings To Courage" to mark the street's centennial as a landmark art destination. Curated by Tarini Malik, curator of modern and contemporary art at the Royal Academy of Arts, the exhibition unfolds in three parts: an outdoor banners commission, presentations within each participating gallery from 11 to 25 July 2025, and a special catalogue issue launching during Frieze London 2025. The title references Jean Cocteau's 1938 painting of the same name, which caused controversy when shown at Peggy Guggenheim's gallery Guggenheim Jeune on Cork Street in 1938 and was confiscated by British customs.

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The Art Market Year in Review

The art market experienced a turbulent 2025, beginning with a 12% decline in sales from 2024, following a 3% drop in 2023, as reported by the Art Basel and UBS Global Art Market Report. Major auction houses Christie’s, Sotheby’s, and Phillips saw average sales fall 6% in the first half of the year. However, the market rebounded by autumn, with strong sales at London and Paris art fairs and a 15% year-on-year increase in auction sales at the three main houses by December, according to Pi-eX. Key events included Sotheby’s failed sale of Alberto Giacometti’s *Grand tête mince* in May, followed by a record-breaking $236 million sale of Gustav Klimt’s *Portrait of Elisabeth Lederer* in November, and a $31.4 million record for François-Xavier Lalanne’s *Hippopotame Bar*.