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kenny schachter column larry g michael werner gallery 2719655

Kenny Schachter's column reports on the fallout at Michael Werner Gallery following the departure of star artist Peter Doig. Co-owner Gordon VeneKlasen is accused of expensing luxury items—including private jets, Hamptons helicopter rides, and even a solo helicopter trip for his Labrador Retriever—while the gallery faced financial strain. The partnership is dissolving, with VeneKlasen moving to Los Angeles to open his own gallery and listing his West Village home for $20 million. Meanwhile, Schachter also notes Pace Gallery's financial troubles, with founder Arne Glimcher stepping in to stabilize operations.

olivia barrett chateau shatto 2749305

Olivia Barrett, co-founder of the Los Angeles gallery Château Shatto, is pivoting her business strategy to navigate a cooling art market and a post-boom landscape in Southern California. After moving to the Melrose Hill art corridor, Barrett is shifting away from the high-velocity art fair model to focus on a more curated, historical program. This includes integrating 20th-century estates and secondary-market works from artists like Alice Rahon and Emily Kam Kngwarray alongside contemporary voices like Aria Dean.

paint drippings art industry news jul 7 2664592

This week's art industry news covers major auction results, gallery changes, and restitution developments. At Christie's Old Masters evening sale in London, Canaletto's "The Return of the Bucintoro on Ascension Day" set a new auction record for the artist at £31.9 million ($43.9 million), leading the sale to a total of £60.8 million. Sotheby's Old Masters evening sale brought in £14.5 million, with three new records including Diana de Rosa's "Salome with the Head of Saint John the Baptist" selling for £317,500. A rare early watercolor by Man Ray, "Nude Playing Musical Instrument" (1913), resurfaced after decades and will be auctioned at Dreweatts. In gallery news, Blum gallery laid off most of its staff and plans to cease brick-and-mortar operations, while Waddington Custot announced a new Paris space, and Company Gallery hired Subhas Kim Kandasamy as executive director. White Cube now represents Firenze Lai, and JD Malat Gallery launched a new initiative for UAE artists. In restitution, the Netherlands returned 119 Benin Bronzes to Nigeria, and the Museum of Fine Arts, Boston, transferred two Benin works to the Oba of Benin.

The Artsy AI Survey 2026: What Galleries Really Think About AI in the Art World

Artsy has released its 2026 AI Survey, capturing the perspectives of over 1,000 galleries worldwide on the integration of artificial intelligence into the art ecosystem. The report details how galleries are currently using AI tools for operations, marketing, and sales, while also revealing their cautious optimism and significant concerns about its impact on artistic authorship and market dynamics.

Influential New York gallery Venus Over Manhattan will close after 13 years

Prominent collector and dealer Adam Lindemann is closing Venus Over Manhattan, the New York gallery he founded in 2012, after 13 years. The gallery's final exhibition, Susumu Kamijo's 'Fish & Flowers,' opened in June and will close on July 17. Lindemann announced the closure in an open letter published on Artnet, citing a desire to return to building his personal art collection and describing the difficulties of navigating the art world as both a dealer and collector.