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Art Basel Curbs Pre-Fair Sales—and More Art Industry News

Art Basel has launched a "Basel Exclusive" initiative to curb pre-fair PDF sales, encouraging galleries to withhold works from previews to drive in-person discovery at its flagship Swiss event (June 16–21). Around 170 of 232 exhibitors have opted in. Meanwhile, Volta returns to Basel with a new "5,000 Edit" section for works under CHF 5,000 to attract younger collectors, and the alternative fair Esther will hold its third edition in New York during Frieze Week. In other news, Sotheby's set a U.S. record for design auctions with the Jean and Terry de Gunzburg collection totaling $96 million, and billionaire collector Mitchell P. Rales pledged $116 million to the National Gallery of Art to fund loans to smaller museums. The Smithsonian American Art Museum named Lynda Roscoe Hartigan as its new director, and Gladstone Gallery plans a new Seoul space for 2026.

Esther fair goes out on top

The Esther art fair, a satellite of Frieze New York, opened its third and final iteration at Estonian House on East 34th Street. Founded by Estonian gallerists Olga Temnikova and Margot Samel, the fair eschews conventional stands, instead arranging 22 participating galleries and three bespoke projects throughout the historic Beaux-Arts building’s basement, salons, and upper floors. Highlights include sold-out presentations at Adams and Ollman and Management, works by Katja Novitskova, Jill Goldstein, and Elīna Vītola, and a special project by Darja Popolitova and Madlen Hirtentreu turning beauty-industry equipment into installations. Gallerists praised the cooperative atmosphere, contrasting it with larger, more institutionalized fairs.

Kumu to unveil Kristi Kongi's largest solo exhibition 'Chromatic Drift'

Estonian painter Kristi Kongi's largest solo exhibition, 'Chromatic Drift,' will open at the Kumu Art Museum on May 22. The exhibition fills the museum's great hall, courtyard, and windows with new works featuring earthy tones like purple, brown, and burgundy, described by curator Ann Mirjam Vaikla as reflecting the aesthetics of the Anthropocene. The show is accompanied by a book with essays by Sara Garzón, Sirje Helme, and Vaikla, and includes works created during Kongi's residency at Cerámica Suro in Guadalajara, Mexico.