Art News. Vasari Codex

trending_up market schedule Dec 2, 2025 visibility 16 link 10 artists, 1 gallery

simon de pury art market confidence

The article reports on the upcoming Art Basel in Miami Beach and the improved mood in the art market, driven by strong auction results. Sotheby's emerged as the clear winner over Christie's in the fall 2024 auctions, achieving over $2.2 billion in total sales across Sotheby's, Christie's, and Phillips. Key consignments included the Leonard Lauder Collection, featuring a record-making Klimt, a Frida Kahlo that became the highest-selling work by a woman artist, and Maurizio Cattelan's golden toilet. The article credits Sotheby's move into the Breuer building—formerly home to the Whitney, the Met, and the Frick—for enhancing the presentation and aura of the previews.

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article news schedule Apr 14, 2026 visibility 65 link 5 artists, 1 gallery

Hampshire College, Whose Alumni List Includes Many Well-Known Artists, to Close After 51 Years

Hampshire College in Amherst, Massachusetts, has announced it will officially close following the fall 2026 semester, ending 51 years of operation. The decision follows a period of significant financial instability, including a reported $20 million debt and a failure to meet enrollment targets. The college has established agreements with regional institutions, such as Smith College and Bennington College, to allow current students to complete their degrees elsewhere.

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trending_up market schedule Feb 12, 2026 visibility 27 link 11 artists

sothebys royal academy of art sale

Sotheby's will auction ten works donated by Royal Academicians during its London spring sales to raise funds for the financially struggling Royal Academy of Arts. The sale, with a cumulative high estimate of £2.6 million, includes major works by El Anatsui, Sean Scully, William Kentridge, Tony Cragg, Georg Baselitz, Anish Kapoor, Mimmo Paladino, and Jeff Koons.

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article news schedule Jan 21, 2026 visibility 29 link 11 artists, 1 gallery

met opera may sell prized marc chagall paintings

New York's Metropolitan Opera is considering selling two monumental Marc Chagall murals, 'The Sources of Music' and 'The Triumphs of Music' (1966), valued at $55 million by Sotheby's, to address a severe financial crisis. The Met has already drawn $120 million from its endowment, reduced performances, and struck a controversial $100 million deal to perform in Saudi Arabia, which has drawn scrutiny over human rights abuses. The murals, which hang in the Grand Tier, would remain in place even if sold, and the Met is also exploring naming rights and theater leasing.

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trending_up market schedule Mar 17, 2026 source 2 sources visibility 18 link 3 artists

Rare Letter Reveals Cash-Strapped Monet Once Put His Paintings Up as Collateral

A rare 1875 letter from Claude Monet, up for auction on March 25, reveals the artist secured a 1,000-franc loan by pledging 35 of his paintings as collateral. The document details his agreement to repay the loan from the proceeds of a future sale, listing specific works including the later-famous 'La Japonaise,' and highlights his persistent financial desperation during this period.

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article news schedule Feb 4, 2026 visibility 18 link 10 artists

met opera murals financial tools

The Metropolitan Opera is considering selling its two iconic Marc Chagall murals, 'The Sources of Music' and 'The Triumph of Music,' which have been appraised at $55 million. The institution's general manager, Peter Gelb, has proposed a sale with the condition that the buyer agrees to leave the works in place at Lincoln Center, with a donation plaque.

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article news schedule Jan 26, 2026 visibility 15 link 3 artists

metropolian opera chagall murals explained

New York's Metropolitan Opera announced it may sell its two iconic Marc Chagall murals, *The Sources of Music* and *The Triumphs of Music*, which have adorned the building's Grand Tier since 1966. The proposal includes a caveat that the paintings must remain in place at the opera, with the owner recognized on a plaque. Sotheby's valued the artworks at a total of $55 million within the past year. The financially beleaguered institution has drawn $120 million from its endowment and reduced its performance schedule since the pandemic, and previously used the Chagalls as collateral for a $35 million loan from J.P. Morgan in 2009.

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article news schedule Oct 31, 2025 visibility 16 link 6 artists

talladega college hale woodruff murals partnership

Talladega College, a historically Black college in Alabama, has partnered with the Toledo Museum of Art, Art Bridges, and the Terra Foundation for American Art to share six monumental murals by artist Hale A. Woodruff. Painted between 1939 and 1942, the murals depict key moments in African American history, including the Amistad uprising and the Underground Railroad. Under the agreement, the Toledo Museum of Art acquired *The Underground Railroad* (1942), while Art Bridges and the Terra Foundation jointly acquired the three Amistad murals; the remaining two murals stay at the college. All six works will be periodically reunited on campus, ensuring their continued connection to the institution that commissioned them.

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article news schedule Apr 24, 2026 visibility 25 link 2 artists

How Much Is That Chagall in the Window: Metropolitan Opera Faces Funding Crisis After Saudi Deal Collapse

The Metropolitan Opera in New York faces a $30 million deficit after a $200 million funding deal with Saudi Arabia collapsed. The Saudi government withdrew from the agreement, which would have sent Met performers to the Royal Diriyah Opera House for three weeks each February, citing economic pressures from the Iran War and the blockage of the Strait of Hormuz. To address the shortfall, the Met is considering selling two monumental Marc Chagall paintings—The Sources of Music and The Triumph of Music (1966)—valued at $55 million, along with other options like selling naming rights or seeking a similar deal with another country.

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trending_up market schedule Apr 18, 2025 visibility 16 link 13 artists, 14 galleries

Regional strength helps insulate Art Dubai from tariff-related turbulence

Art Dubai, running until 20 April, opened as the first major art fair since US President Trump announced global tariffs that nearly triggered a financial crisis. Sales were solid, with most works priced in the low six figures or thousands, insulating the fair from market anxieties. A divide emerged between regional SWANA galleries—which presented the strongest booths—and international galleries from the US, Europe, and Latin America, which seemed uncertain about what to bring. Notable sales included works by Rana Begum, Mehdi Ghadyanloo, Ali Cherri, and Shaikha Al Mazrou, while galleries like Sfeir-Semler, Vigo Gallery, and Experimenter reported strong results.

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article policy schedule Mar 19, 2026 source 3 sources visibility 18 link 1 artist

San Francisco’s Contemporary Jewish Museum Plans to Sell Building

The Contemporary Jewish Museum in San Francisco has announced plans to sell its iconic Daniel Libeskind-designed building in the Yerba Buena Gardens neighborhood. The institution has been closed to the public since December 2024, drastically reduced its staff and budget, and aims to use the sale to stabilize its finances, reduce debt, and ensure its long-term survival.

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person people schedule Apr 21, 2026 visibility 29 link 15 artists, 7 galleries

Pilar Corrias: The Woman Who Changed the West End

Pilar Corrias, a London gallerist, opened her eponymous gallery in 2008 during the global financial crisis, defying the trend of closures. She commissioned architect Rem Koolhaas to design the space and built a program with a strong intellectual focus and a diverse roster of artists.

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museum exhibitions schedule Sep 17, 2025 visibility 10 link 8 artists, 1 gallery

‘We craved external validation, but what's important has shifted’: Dubai gallery The Third Line celebrates 20 years

Dubai gallery The Third Line celebrates its 20th anniversary, marking two decades since its founding in 2005 by Sunny Rahbar, Lisa Farjam, and Claudia Cellini. Born from the anti-Arab sentiment after 9/11, the gallery began as an independent art space with a framing and novelty trading license, operating between a commercial gallery and an artists' space. It launched with a show of five Iranian photographers, later opened a short-lived Doha branch in 2008, and moved to Alserkal Avenue in 2016. To mark the anniversary, the gallery stages an exhibition organized by writer and curator Shumon Basar.

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article news schedule Jul 30, 2025 visibility 13 link 1 artist

ucca centre for contemporary art allegedly withheld wages

The UCCA Center for Contemporary Art in Beijing allegedly withheld staff wages for six months from January to June, according to the South China Morning Post. The institution, founded by the late Belgian collectors Guy and Myriam Ullens in 2007, has faced financial challenges including lower ticket sales, higher international freight costs, stricter rental demands from its landlord in Beijing's 798 Art District, and difficulty collecting payments from international partners. Its Shanghai branch, UCCA Edge, has seen no activity since June after an exhibition co-presented with the Saudi Ministry of Culture. Director Philip Tinari acknowledged a difficult year for museums in China, citing a slower consumer economy, and said the UCCA is working on long-term funding solutions.

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article culture schedule Dec 2, 2025 visibility 20 link 20 artists, 1 gallery

risd design aesthetics recession

A writer revisits the Rhode Island School of Design (RISD) alumni magazine after being assigned to explore how a group of RISD graduates from the late 2000s helped shape contemporary American material culture. The article focuses on the cohort that studied at RISD during the 2008 financial crisis, a time of institutional dysfunction and curricular drift, and includes figures like fashion brand Eckhaus Latta (co-founded by Mike Eckhaus and Zoe Latta), designer Adam Charlap Hyman, artists Katie Stout, Misha Kahn, F Taylor Colantonio, and Martine Gutierrez. The author reflects on shared memories and the unique conditions that produced this influential group.

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museum exhibitions schedule Apr 29, 2026 visibility 25 link 4 artists, 2 galleries

Artists take a satirical look at the financial crisis in a new London show

Three emerging artists—Jenna Bliss, Buck Ellison, and Jasmine Gregory—present a multi-media exhibition titled 'Genuine Fake Premium Economy' at London’s Institute of Contemporary Arts (ICA). The show satirically examines the societal and economic fallout of the 2008 financial crisis, using works that critique capitalism, inheritance, and art-world stereotypes. Gregory repaints Patek Philippe ads to expose class structures, Bliss films a fictional art fair that blurs reality and fiction, and Ellison creates lightboxes for a fictional private bank, manipulating corporate language and philosophy.

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trending_up market schedule Feb 4, 2026 visibility 20 link 1 artist, 3 galleries

Stephen Friedman Gallery goes into administration after 30 years

Stephen Friedman Gallery, a prominent London-based contemporary art gallery, has entered administration and closed its doors after 30 years in business. The gallery had recently expanded, opening a new space in New York and moving to larger premises in London, but financial strain from construction costs, rent, and a downturn in the art market led to its collapse. The gallery's closure was confirmed just as Art Basel Qatar opened, where its planned solo booth was taken over by the represented artist's estate and another gallery.

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article news schedule Jan 20, 2026 visibility 18 link 14 artists

california college of the arts closure

California College of the Arts (CCA), the Bay Area's last private art and design school, will close after the 2026–27 academic year, ending 116 years of operation. Vanderbilt University will acquire CCA's San Francisco campus and open a West Coast outpost in 2027, continuing some art and design programs. The closure follows years of financial struggles, including a $20 million deficit, declining enrollment from 1,800 to 1,295 students, and emergency fundraising that raised nearly $45 million—including a $22.5 million matching gift from the Jen-Hsun and Lori Huang Foundation and a $20 million state grant—but proved insufficient to ensure long-term independence.

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article news schedule Jan 13, 2026 visibility 19 link 11 artists

san francisco art institute closed

The San Francisco Art Institute (SFAI), a historic art school founded in 1871, permanently closed on July 15 after the University of San Francisco (USF) withdrew from a proposed acquisition deal. USF cited financial risks, low enrollment projections, and deferred maintenance as reasons for backing out. SFAI will continue as a small nonprofit to protect its archives and legacy, but the fate of its prized Diego Rivera fresco, valued at up to $50 million, remains uncertain.

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article news schedule Nov 19, 2025 visibility 26 link 10 artists

school of art institute of chicagos video data bank

The School of the Art Institute of Chicago (SAIC) laid off three of five staff members of its Video Data Bank (VDB), including director Tom Colley, as part of 20 total layoffs across the institution. The cuts, announced on November 12, eliminated leadership and key distribution and digital management roles, sparking outcry from the new-media art community. VDB, founded in 1976, is a leading archive of video art with over 6,000 works by artists including Nam June Paik, Bruce Nauman, and Pipilotti Rist, distributed worldwide via subscription streaming.

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article policy schedule Feb 13, 2026 visibility 11 link 3 artists

London’s National Gallery to cut staff as it faces £8.2m deficit

London's National Gallery is implementing significant staff cuts and restructuring its operations to address a projected £8.2 million deficit for the 2026-27 financial year. The institution will first offer a voluntary exit scheme to its nearly 500 staff, with compulsory redundancies possible if savings are insufficient. The financial crisis stems from rising operational costs, stagnant income, and visitor numbers that have not fully recovered to pre-pandemic levels, despite a recent boost from a popular Van Gogh exhibition.

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trending_up market schedule Jan 26, 2026 visibility 13 link 3 artists

christies koch western art american art market

Christie’s two-part auction of William I. Koch’s Western art collection realized $84.1 million with fees, more than tripling the previous record for a single-owner Western art collection and setting five new artist records. The sale, reported by the Observer and covered by ARTnews, stands out in a category that has struggled since the 2008 financial crisis, as collectors have shifted focus to postwar, contemporary, and ultra-contemporary work. Specialists attribute the success to structural changes in how American art is presented, growing cultural interest in the American West fueled by popular culture like Yellowstone, and the rare concentration of masterworks in the Koch collection.

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article policy schedule Jan 29, 2026 visibility 12

mfa boston layoffs

The Museum of Fine Arts, Boston has laid off 57 employees, with an additional 56 staff members taking voluntary retirement. The cuts are a direct response to the severe financial impact of the museum's extended closure due to the public health crisis, which has led to massive losses in revenue from admissions, events, and retail.

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article news schedule Feb 20, 2026 visibility 15 link 5 artists

London National Gallery’s deficit bombshell, Simon Schama on birds and art, Vilhelm Hammershøi—podcast

The National Gallery in London has announced unexpected and significant budget cuts, including potential staff reductions, due to a projected deficit of £8.2 million for the upcoming year. This financial crisis comes as a surprise following the recent completion of a major building project and the announcement of another ambitious expansion planned for the 2030s.

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article news schedule Jan 20, 2026 visibility 14 link 1 artist

gavin newsom no clue california college of the arts close

California College of the Arts (CCA) announced it will close in 2027, shocking students and the art world. Governor Gavin Newsom reportedly had "no clue" and received "no heads up" about the closure, according to text messages reported by the San Francisco Standard. CCA president David Howse disputed this, stating Newsom was notified the Monday before the announcement. A meeting between CCA leadership and the governor's office is scheduled. The school, founded in 1907, is the last nonprofit standalone art school in San Francisco and plans to sell its campus to Vanderbilt University.

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article news schedule Jan 22, 2026 visibility 21 link 7 artists

Northern California museum and sculpture park puts its property up for sale

The di Rosa Center for Contemporary Art, a museum and sculpture park in Napa Valley, California, has listed its 217-acre property for $10.9 million due to ongoing financial struggles. The center has scaled back programming, reduced staff, and increased wedding rentals to generate revenue, but operational costs remain unsustainable. The art collection is not included in the sale, and the center hopes a philanthropist might purchase the property and lease it back to them for a nominal fee. The Napa campus and a satellite gallery in San Francisco will stay open during the sale process.

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article culture schedule May 6, 2026 visibility 18 link 1 artist

Die Welt als Sound – mit Peter Licht

Peter Licht, a German musician, author, and playwright, appears as a guest on the 82nd episode of the "Fantasiemuskel" podcast, where he discusses his view of the world as a sound phenomenon. He reflects on his 2006 song "Lied vom Ende des Kapitalismus," which preceded the 2008 financial crisis, and explores how language, fear, and utopian moments manifest through sound in his work—whether in pop songs, theater pieces, or novels. Licht also describes a recent "problem-solving show" at Schauspiel Köln, where audience members submit problems that are collectively sung, turning singing into an act of resistance and community-building.

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article news schedule May 29, 2025 visibility 14 link 10 artists, 1 gallery

Ten artists accuse Arusha Gallery of non-payment of nearly half a million pounds

Ten artists have accused Arusha Gallery, which operates in Edinburgh and London, of failing to pay them nearly half a million pounds for sold works, with some waiting months or years for payment. Artist Charlotte Keates claims she is owed approximately £430,000 from sales dating back to 2023, while gallery owner Bella Arusha Collins King disputes the amount and asserts the gallery is entitled to a 50% cut from a collaboration Keates entered with Hermès. The gallery acknowledges missing payments, citing a downturn in the art market and the unexpected death of co-owner Guy Rowland Maxwell Bargery in January.

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article news schedule Jan 13, 2026 visibility 9

san francisco art institute will stay open

The San Francisco Art Institute (SFAI), a 149-year-old institution, announced last month that it would shut down its degree programs and stop enrolling new students after the current semester, signaling what many believed was the end of the school. However, the board of trustees has now voted to keep the school open in a limited capacity, suspending degree programs but offering studio art classes, public education programs, and grant-funded exhibitions while launching a campaign to reinvent its business model and raise philanthropic funds.

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article news schedule Jan 13, 2026 visibility 12

san francisco california college of the arts close 2027

California College of the Arts (CCA) in San Francisco will close by the end of the 2026-2027 academic year. Founded in 1907, the financially struggling nonprofit art school has entered an agreement to sell its campus to Vanderbilt University, which plans to establish undergraduate and graduate programs there, including art and design, and operate a CCA Institute that will house the Wattis Institute of Contemporary Arts and maintain CCA archives. The closure follows years of financial crisis, including a $20 million budget deficit in 2024 and declining enrollment, despite a $22.5 million gift from Nvidia CEO Jensen Huang's foundation in March 2025.

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