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A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

top 5 art market minute podcast episodes 2025 2728773

Artnet News published a roundup of the top five episodes of its podcast 'Art Market Minute' from 2025, hosted by Margaret Carrigan. The episodes cover key industry topics: whether artists still need galleries, how to build professional relationships in the art world, the rising market value of Jack Whitten's work, the impact of AI on the art market, and the wave of high-profile gallery closures reshaping the trade. Guests include Sonia Manalili, Brooke Lampley, Naomi Rea, Eileen Kinsella, Jo Lawson-Tancred, and Katya Kazakina.

Art Basel’s Parent Company Plans New ‘Ideas Festival’—and More Art Industry News

MCH Group, the parent company of Art Basel, is launching a new global ideas festival called the Futurific Institute in Basel in 2028, backed by billionaires James and Kathryn Murdoch. Art Dubai has postponed its 20th edition due to regional conflict, while several galleries are opening, closing, or changing locations, including Brooke Benington in London and Timothy Taylor in New York. Additionally, Mexico is demanding eBay remove listings for pre-Columbian artifacts, and institutions like the Royal Academy of Arts and MCA Chicago are announcing key leadership changes.

high art paris gallery closing 1234764267

High Art, a Parisian gallery known for launching the careers of artists like Lucy Bull and Julien Creuzet, is closing its physical space after 12 years. The gallery announced on Instagram that its last exhibition closed in July and that it will transition toward collaborations, offsite exhibitions, and individual artworks. Founded in 2013 by Romain Chenais, Jason Hwang, and Philippe Joppin, High Art became a tastemaker in Paris's gallery scene, known for its challenging and often unconventional program. Many artists who showed there early, including Rachel Rose, Matt Copson, and Frieda Toranzo Jaeger, later achieved international recognition.

altman siegel closes gallery san francisco 1234757474

Altman Siegel, a key gallery in San Francisco's art scene, will close in November 2025 after 16 years. Founder Claudia Altman-Siegel attributed the closure to a challenging market for mid-size galleries, stating it became too difficult to scale in the current climate. The gallery's final show is a solo exhibition by Shinpei Kusanagi, ending November 22. Its roster included artists such as Simon Denny, Lynn Hershman Leeson, Trevor Paglen, and others. The closure follows a trend of galleries shutting down or scaling back, including Blum and LA Louver in Los Angeles, and Clearing and Venus Over Manhattan in New York.

Marian Goodman Gallery to ‘Pause’ Operations in Los Angeles

Marian Goodman Gallery is suspending operations at its Los Angeles location after two and a half years, following the conclusion of Tacita Dean's solo show on April 25. The gallery's partners announced a consolidation of programming to its historic homes in New York and Paris, stating they will evaluate the space's future while maintaining an LA presence through art fairs, special projects, and museum exhibitions.

London’s Timothy Taylor to Close New York Outpost After a Decade

London gallery Timothy Taylor will close its New York outpost next month after nearly a decade of operation. The gallery cited current market conditions and the high costs of maintaining a second permanent space as reasons for the consolidation, though it will maintain an office and viewing room in the city.

contemporary art galleries 2025 2731623

The article reflects on the closure of several notable contemporary art galleries in 2025, including Clearing, Blum, High Art, Venus Over Manhattan, Sperone Westwater, Galerie Francesca Pia, Tilton Gallery, Altman Siegel, Kasmin, Rena Bransten Gallery, L.A. Louver, and Canal Projects. It opens with a eulogy for Florine Stettheimer by Georgia O'Keeffe, drawing a parallel between the artist's unique way of life and the distinctive, charismatic spirit of galleries that have shuttered. The author recounts personal experiences at now-closed spaces like Metro Pictures, JTT, and Clearing, and quotes dealer Olivier Babin and the legendary Leo Castelli on the fleeting importance of galleries.

perrotin relocating hong kong gallery 1234756940

Emmanuel Perrotin announced that his gallery is relocating from K11 Atelier Victoria Dockside back to Central, Hong Kong’s business district, where it first opened in Asia in 2012. The gallery vacated Dockside on October 1 after six years, citing the need to better serve its community, enhance accessibility, and reduce operational costs. The move follows Pace Gallery’s announcement that it will close its H Queen’s location by the end of October, and comes amid a broader shake-up in Hong Kong’s gallery scene, with other blue-chip dealers like Lévy Gorvy Dayan also shuttering spaces.

Altman Siegel, stalwart of San Francisco’s gallery scene for 16 years, will close

Altman Siegel, a prominent San Francisco gallery, will close on 22 November after 16 years in business. Founder Claudia Altman-Siegel announced the decision on 15 October, citing the difficulty for a gallery of its size to scale in the current climate. The gallery, which opened in 2009 at 49 Geary, expanded to a 5,000-square-foot space in the Minnesota Street Project complex and an outpost in Presidio Heights. Over its history, it staged 213 exhibitions and art fairs, representing artists such as Lynn Hershman Leeson, Trevor Paglen, Richard Mosse, Simon Denny, and Kiyan Williams. Its final exhibition will be an eighth solo show with Japanese painter Shinpei Kusanagi.

CLEARING to close its New York and Los Angeles galleries after 14 years.

CLEARING, a New York-based gallery known for representing artists such as Marguerite Humeau, Korakrit Arunanondchai, and Harold Ancart, is closing its Manhattan and Los Angeles locations after 14 years. Founder Olivier Babin announced the closure on Instagram, citing no viable path forward due to rising overhead costs for rent, shipping, and art fairs, alongside declining revenues. The gallery opened in Brooklyn in 2011, later expanded to Brussels, and moved to a larger Bowery space in 2023 before the financial pressures became unsustainable. Its final exhibitions were solo shows by Coco Young in New York and Henry Curchod in Los Angeles.