Art News. Vasari Codex

trending_up market schedule Sep 18, 2025 visibility 21 link 7 artists, 8 galleries

art world italy gallery boom

Austrian art dealer Thaddaeus Ropac is opening a new gallery in Milan, his seventh location, despite initial concerns over Italy's high value-added tax (VAT) on art, which was Europe's highest at 22 percent. The Italian government slashed the VAT to 5 percent in June after pressure from art market players, making it the lowest in the EU. The gallery, spanning over 3,000 square feet in the 18th-century Palazzo Belgioioso, opens on September 20 with a show featuring Georg Baselitz and Lucio Fontana, followed by exhibitions of Valie Export and Ketty La Rocca. Elena Bonanno di Linguaglossa will serve as executive director.

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trending_up market schedule Sep 22, 2025 visibility 20 link 11 artists, 6 galleries

Thaddaeus Ropac opens its first gallery in Milan.

Thaddaeus Ropac opened its first gallery in Milan on September 20, 2025, located in the neoclassical Palazzo Belgioioso near Via Monte Napoleone. The inaugural exhibition, “L’aurora viene,” features works by Georg Baselitz and Lucio Fontana. The 280-square-meter space is the mega-gallery’s seventh location worldwide. Elena Bonanno di Linguaglossa, a veteran with experience at Lévy Gorvy Dayan, Fondazione Pastificio Cerere, and Blain|Southern, will lead the Milan branch.

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trending_up market schedule Dec 5, 2025 visibility 15 link 1 artist, 2 galleries

hauser wirth to open sicily location in historic palazzo

Hauser & Wirth has announced plans to open its first Italian location in Palermo, Sicily, housed in the historic Palazzo Forcella De Seta. The gallery purchased roughly 20,000 square feet of the neo-Gothic palace, which previously served as a venue for Manifesta 12 in 2018 and was once home to Galleria Mediterranea, the city’s first private art gallery. The deal closed in November, but the local government and Italy’s Ministry of Culture retain a 60-day right of public pre-emption due to the building’s status as a historic monument. If that right is not exercised, work could begin in 2026, with completion expected by 2030.

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trending_up market schedule Apr 21, 2026 visibility 20 link 4 artists, 4 galleries

The Italian art market is gaining momentum

Italy's contemporary art market is experiencing a surge in activity, marked by the arrival of international galleries like Thaddaeus Ropac in Milan and Hauser & Wirth's planned opening in Sicily. This coincides with major art events such as Paris Internationale launching in Milan alongside the local Miart fair.

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