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morgan stanley intelligence report triumph contemporary 2109417

Morgan Stanley and Artnet have released an Intelligence Report analyzing the explosive growth of the ultra-contemporary art market—defined as work by artists born after 1974. Auction sales in this category surged 305% from 2019 to 2021, reaching $742.2 million last year, driven by strong demand in the U.S. and China. The report breaks down sales by region, price band, and leading artists, highlighting how galleries, fairs, museums, and collectors are capitalizing on this trend.

new york fair 2025 new buyers sales 1234752844

Independent 20th Century, a New York art fair held September 4–7 at Casa Cipriani, reported that 74% of buyers were new clients of participating dealers, with 100 works sold—up from 87 in 2024. The highest sale was Ilya Kabakov's *Colourful Noise #2* for $650,000 at Galerie Brigitte Schenk, a 65% increase over last year's top sale. Nine of 30 exhibitors sold out their booths, and institutions acquired 18 works, compared to three in 2024. The fair also announced its 2026 edition will move to Sotheby's new headquarters in the Breuer building, marking a first-of-its-kind collaboration between a contemporary art fair and an auction house.

independent 20th century breuer sothebys 1234751137

Independent 20th Century art fair has announced that its 2026 edition will be hosted by Sotheby’s at the auction house’s new flagship headquarters in Manhattan’s historic Breuer building. The move, first reported by the New York Times, marks a significant expansion for the fair and an unprecedented collaboration between an art fair and an auction house in the modern art market. Founded in 2022, Independent 20th Century focuses on overlooked and celebrated artists of the last century, with curatorial programming that reframes movements from women in Surrealism to Arab Modernism. The Breuer—a landmark of Modernist architecture designed by Marcel Breuer and recently renovated by Herzog & de Meuron with PBDW Architects—will allow the fair to grow to more than 50 galleries, up from 31 at its most recent edition.

The New Yorker and Goldman Sachs Fete Artist Barkley L. Hendricks at The Frick Madison

The New Yorker and Goldman Sachs Private Wealth Management co-hosted an intimate evening at the Frick Madison to celebrate the historic exhibition "Barkley L. Hendricks: Portraits at the Frick," the museum's first solo show by an artist of color. The event featured a conversation about Hendricks's legacy between Thelma Golden, director of The Studio Museum in Harlem; Aimee Ng, curator at The Frick Collection; and Antwaun Sargent, consulting curator at the Frick. Guests viewed fourteen of Hendricks's early portraits, which combine a bold realism with Old Master influences to center Black representation.