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photo london photography market sales 1234742458

The tenth edition of Photo London opened at Somerset House, marking a decade of growth for the UK's largest photography fair. The fair, running through May 18, has become a key event for the photography market, which has shown resilience despite broader art market declines. While global auction sales for photography dropped 5.6% in 2024 to $59 million, this was far less severe than the 27% overall art market decline, and sales volumes remained near record highs. New director Sophie Parker and cofounder Michael Benson highlighted growing interest from young collectors, though challenges remain as established galleries face an aging collector base and market uncertainty.

‘Slowing the process down’: how a bohemian Somerset art gallery is forging its own path

Close gallery, founded in 2009 by curator and art advisor Freeny Yianni in the grounds of her 17th-century home near Hatch Beauchamp, Somerset, is expanding its operations. Yianni, who previously worked at Lisson Gallery and helped Grenville Davey win the Turner Prize, recently hired sales director Richard Scarry, formerly of Coates and Scarry in Bristol. The gallery's current exhibition features previously unseen works by British abstract artist Jane Harris (1956–2022), shown both in Somerset and at a new London project space in Marylebone. Upcoming plans include presenting a monumental sculpture by Simon Hitchens at Frieze Sculpture in Regent's Park.