Mathieu Borysevicz, founder of Shanghai's Bank gallery, launched a six-month pop-up on New York's Lower East Side earlier this year, aiming to introduce his program to new audiences amid growing Asian art interest in the city. By mid-summer, however, Borysevicz observed a sharp market downturn as collectors withdrew, reflecting a broader trend of gallery closures, lawsuits, and fair cancellations that have marked a turbulent period for the art world.
Donald Moffett's latest exhibition, "Snowflake," opened at Alexander Gray Associates in New York, marking his first solo show in the city since 2019. The exhibition features extruded oil paintings created with cake-decorating tools, including works like "Lot 052525 (nature cult, melt 1)" and "Lot 061625 (nature cult, melt A)," which depict melting snow as a metaphor for the climate crisis. Moffett draws a parallel between this show and his 1989 exhibition "I Love It When You Call Me Names" at Wessel O’Connor Gallery, both titles reclaiming derogatory terms—"homo art" then, "snowflake" now—as acts of defiance. The palette is predominantly black and white, reflecting what Moffett describes as "dark times" and the stark choices of the current political climate.
This week's art industry roundup covers major developments across art fairs, auction houses, galleries, and museums. At Expo Chicago, emerging artist Auudi Dorsey sold her painting *Rumble* (2025) for $14,000 on opening day at Palo Gallery, while the fair featured 170 exhibitors including 20 from South Korea amid tariff concerns. Vienna Contemporary appointed Abaseh Mirvali as artistic advisor for 2025-2026. Sotheby's was selected by Barbara Gladstone's estate trustees to sell her collection, starting with a May 15 single-owner sale of 12 works estimated at over $12 million. Nine artworks from the Anne and Sid Bass collection head to Christie's New York, and Sotheby's secured a $70 million Alberto Giacometti sculpture for its May 13 evening sale. Philipp Kaiser departed Marian Goodman Gallery after six years. Customs backlogs from President Trump's import policy changes are causing shipping headaches, with DHL halting business-to-consumer shipments over $800 to the U.S. Air de Paris withdrew from Art Basel. Mexico City gallery OMR hired Agustina Ferreyra as director. Angelica Jopling is expanding her London gallery Incubator to New York. Alexander Gray Associates now represents Donald Moffett. In museums, the National Endowment for the Humanities, following DOGE staff cuts, is offering grants up to $600,000 for statues for Trump's National Garden of American Heroes. CCS Bard appointed Lauren Cornell as artistic director and Mariano Lopez Seoane as graduate program director. The New York Academy of Art named Paul R. Provost president. The Artists' Legacy Foundation appointed Daisy Murray Holman executive director. The Speed Art Museum named Diallo Simon-Ponte assistant curator. The Garage Museum of Contemporary Art in Moscow appointed Daria Kotova director. The Nasher Sculpture Center named Carlos Basualdo director. The Cultural Infrastructure Index reported a 17% drop in completed cultural projects in 2024.
New York Art Week 2025 is underway as the international art world converges on the city for a series of major spring fairs. Galerie has surveyed six key fairs—Frieze New York, Independent, TEFAF New York, NADA New York, Future Fair, and Esther II—highlighting standout artworks and notable presentations. Highlights include Jeff Koons' Hulk sculptures at Gagosian, Claire Tabouret's new paintings at Perrotin, and Tuan Andrew Nguyen's kinetic sculptures at James Cohan. Independent returns to Spring Studios with its 16th edition, featuring a new curatorial initiative, Independent Debuts, showcasing 26 emerging artists including Shafei Xia, Laura Footes, and Lewis Brander.
The Memorial Art Gallery (MAG) in Rochester has launched a series of new installations, headlined by the exhibition "Picasso and the Progressive Proof: Linocuts from a Private Collection." This show provides an intimate look at Pablo Picasso’s late-career printmaking innovations, specifically focusing on the evolution of three major linocuts through their various proofs. Additionally, the museum has debuted Rashid Johnson’s 2019 film "The Hikers" and several new contemporary acquisitions, including works by Donald Moffett and Hugo McCloud, while its major Impressionism survey enters its final days.