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christies takes 690 m at fall curtain raiser art basel hong kong announces 2026 details and more morning links for november 18 2025 1234762067

Christie’s opened New York’s fall marquee auctions with a $690 million evening sale across 79 lots, surpassing the pre-sale low estimate of $534.7 million. The doubleheader included the Robert and Patricia Ross Weis collection, featuring works by Picasso, Matisse, Mondrian, and Rothko, followed by a 20th-century sale. The auction achieved a 97% sell-through rate by value and a 96% by lot, marking a 41% increase from May’s auctions. Separately, Sperone Westwater gallery announced it will close after 50 years, and Art Basel Hong Kong revealed details for its 2026 edition featuring 240 galleries.

A Smaller Art Brussels Represents a Shift in the Fair Ecosystem Toward a ‘Quality-First’ Approach

Art Brussels, now in its 42nd edition (April 23–26), has downsized from 164 to 138 participating galleries, a 15% reduction that allows the fair to fit entirely within one hall of Brussels Expo. Director Nele Verhaeren openly acknowledged the shift, framing it as a deliberate move toward a 'quality-first' approach that prioritizes visitor experience over sheer scale. The fair introduces a new section called Horizons, curated by Devrim Bayar of the upcoming Kanal-Pompidou museum, featuring seven large-scale works in the freed-up space. Dealers like Xavier Hufkens and Nadja Vilenne support the strategy, noting that galleries must now carefully choose which fairs to attend amid rising costs and geopolitical tensions.

ken griffin basquiat stephen friedman gallery 2742519

London's Stephen Friedman Gallery is facing serious financial difficulties, with its 2024 financial reports overdue and its 2023 accounts revealing a loss of £1.7 million. The gallery, which recently expanded with a large new London space and a New York outpost, is reliant on external financing and negotiations with creditors to continue operating, casting significant doubt on its future viability.

The 10 Best Booths at Art Basel 2025

Art Basel 2025 opened on June 17 with its VIP preview at Messeplatz in Basel, Switzerland, under intense heat. The 55th edition of the fair features 289 galleries from 42 countries, including 19 newcomers, and introduces a new Premiere section for mid-sized galleries showing recent works. Despite a challenging art market, the VIP day saw packed booths, international crowds, and strong sales of six- and seven-figure works, with dealers expressing optimism. The fair also includes returning sections like Statements and Feature, plus Art Basel Unlimited for monumental works, alongside concurrent events such as Liste Art Fair and museum shows by Jordan Wolfson and Steve McQueen.

Art Basel 2025

Art Basel 2025 opened with strong preview-day sales, surprising many galleries after a tough year in the art market. Dealers reported a 'buyer's market' with price reductions and flexibility, while high-priced works by Jeff Koons, Michael Armitage, Adrian Ghenie, and Frank Bowling sold. The fair introduced a new section called Premiere for works made in the past five years, aimed at easing participation for small to mid-sized galleries. Satellite fairs including Africa Basel, Liste, Volta, and Maze Design Basel also launched or celebrated anniversaries. Other highlights include the Baloise Art Prize awarded to Rhea Dillon and Joyce Joumaa, a Holbein drawings rehang at Kunstmuseum Basel, and a visa denial for artist Richard Mudariki. Qatar took center stage ahead of a new fair in 2026, and limited-edition Labubu figurines caused a frenzy at the Art Basel Shop.

as costs rise dealers in asia take a pragmatic approach to fair participation 2641645

The article reports that two major Asian art fairs, Taipei Dangdai Art and Ideas and Art Busan, are currently running through May 11, but both have seen significant drops in exhibitor numbers. Taipei Dangdai is down 32% to 53 galleries, while Art Busan is off 16% to 109 galleries. Dealers cite rising costs, geopolitical uncertainties, and fair fatigue as reasons for a more selective, pragmatic approach to participation, focusing on regional fairs and transactional value over visibility.

how to close your gallery 2718118

Claudia Altman-Siegel closed her San Francisco gallery, Altman Siegel, in November 2025 with a farewell party, handing out beers to friends, artists, and visitors. She aimed to provide closure and avoid the sudden, chaotic closures that have become common in the mid-tier art market, which often leave artists unpaid, works unreturned, and staff in limbo. Other dealers, including Tif Sigfrids and Rena Bransten, shared strategies for ethical closures, such as continuing to support artists through networks, paying them on time, and returning all works. Bransten's gallery, after 50 years, is shifting to a nomadic model rather than fully closing.

10 Galleries That Had a Breakout Year in 2025

The article highlights 10 galleries that achieved significant growth and recognition in 2025, despite a challenging market environment marked by tariffs and trade uncertainty. Featured galleries include Tokyo's CON__, which gained global visibility through standout presentations at Frieze Seoul and NADA New York; Munich and New York-based LOHAUS SOMINSKY, which debuted at Art Basel Miami Beach and opened a Tribeca outpost; and Chicago's Hans Goodrich, which quickly established itself with a cross-generational exhibition program and international fair appearances.

how artverse helps galleries and advisors navigate todays art world 2752414

ArtVerse Advisory, a London-based B2B firm, has launched a suite of services designed to help galleries and art advisors overcome capital constraints and inventory limitations. Founded by CEO Amit Mehra, the company provides professional intermediaries with access to a curated selection of primary and secondary market works—ranging from blue-chip artists like Andy Warhol to rising stars like Raghav Babbar—through flexible deal structures such as consignments and personalized payment plans.

New York’s Eclectic Francis Irv Gallery Shutters after Three Years

Francis Irv, a young New York gallery known for showcasing an eclectic mix of established and emerging artists from the US and Europe, has closed after just over three years in business. Founded by Shane Rossi and Sam Marion Wilken, who met as studio assistants, the gallery launched in 2022 under the name Kinder in a Chinatown mall beneath the Manhattan Bridge before relocating to a TriBeCa space. Its inaugural exhibition was a group show in Los Angeles co-curated by artist and writer Aria Dean, featuring artists such as Hannah Black, Jordan Wolfson, and Benjamin Echeverria. The gallery never formally announced a roster but showed artists including Sophie Gogl, Karla Kaplun, Megan Marrin, Win McCarthy, Ahgharad Williams, and German sculptor Reinhard Mucha. In December, it helped mount an experimental play by Georgica Pettus. The founders posted a farewell on their website, reflecting on their run.

french art galleries struggle amid wavering art market survey reveals 1234747374

A survey by market researcher Iddem, conducted among the Professional Committee of Art Galleries (CPGA), reveals that 85% of French gallery owners are pessimistic about the art sector's economic outlook in 2025. Turnover among French galleries dropped 6% in 2024, while the global art market fell 12% per the UBS Art Basel 2025 report. Philippe Charpentier, new CPGA president, told Le Monde the market has regressed to 2010 levels, with one-fifth of dealers reporting sales declines of over 20%. France also struggles to attract young collectors, unlike Asian markets where buyers average in their thirties, according to CPGA vice president Magda Danysz.

‘Everyone's suffering right now’: New York and Los Angeles gallery Clearing will close

Clearing, the influential New York and Los Angeles gallery that launched the careers of many prominent artists, will close both locations. Founder Oliver Babin announced the closure on August 7, citing crushing overhead costs—rent, shipping, and art fair expenses—that outpaced declining revenue. The gallery opened in 2011 in Bushwick, later moved to the Bowery in Manhattan in 2023, and expanded to Brussels and Los Angeles. Babin described the decision as inevitable, noting that the gallery had been kept alive by hope but now faces no viable path forward. The closure follows a wave of US gallery shutdowns this summer, including Kasmin, Venus Over Manhattan, and Tim Blum’s 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.

GRIMM Grows Across London with New St James’s Gallery Opening This Autumn

GRIMM, the international gallery founded in 2005, will open a new space in London's St James's district this autumn, timed to Frieze Week. The gallery will occupy the ground and lower floors of a historic late Victorian building at 43a Duke Street, expanding from its current Mayfair location at 2 Bourdon Street. The inaugural exhibition will feature new paintings by German artist Matthias Weischer. Founder Jörg Grimm described the move as a logical progression following the gallery's establishment in London in 2022.

In tough times for dealers, Art Basel debuts a section for new works

Art Basel is introducing a new section called Premiere at its upcoming fair, designed for galleries to present works created within the last five years by up to three artists, organized around a loose curatorial concept. The inaugural section features ten exhibitors, mostly smaller to mid-sized galleries showing mid-career artists, with prices ranging from €5,000 to $85,000. The section is priced at SFr22,000 for a 32 sq. m stand, cheaper than the main section but more expensive than the emerging-artist-focused Statements section, which can be financially risky for dealers.

Pursuing ‘a different economy’, London gallery Herald St will open new space in Bologna

London gallery Herald St, known for nurturing artists like Nicole Wermers, Cary Kwok, and Pablo Bronstein over the past 20 years, will open a new space in Bologna, Italy, in early 2025. Co-founder Nicky Verber cites the city's strong local collector base, excellent institutions such as Mambo (Museo d'Arte Moderna di Bologna), and its connectivity to Venice, Milan, and Florence as key draws. The gallery has deepened ties with Bologna through a 2020 group exhibition, signing local artist Francis Offman in 2021, and participating in Arte Fiera. The new space, located in the medieval center, will feature three exhibition rooms and open with a show by abstract painter Matt Connors, hosting three to four exhibitions annually compared to five or six in London.

Consonni Radziszewski Launches With a Three-City Footprint

Dealers Matteo Consonni and Dawid Radziszewski have merged their respective galleries, Madragoa in Lisbon and Galeria Dawid Radziszewski in Warsaw, to form a single entity: Consonni Radziszewski. The new gallery launched with a third physical space in Milan, timed to coincide with the city's art week and the Venice Biennale. This merger follows a three-year period of collaboration on art fair booths and joint artist representation, specifically for photographer Joanna Piotrowska.

Comment | A spate of dealer anniversaries offers hope amid art market doomerism

A spate of New York galleries are celebrating significant anniversaries—Pace Gallery (65 years), Sperone Westwater (50), Hal Bromm (50), Albertz Benda (10), Jane Lombard (30), Yancey Richardson (30), and James Cohan (25)—mounting special exhibitions that mark their longevity. These milestones come amid widespread anxiety about the traditional dealer model, with headlines suggesting the sector is in crisis.

Art Basel Miami Beach to welcome 41 new exhibitors

Art Basel Miami Beach (ABMB) will return from December 5 to 7, 2025, with 285 galleries, including 41 first-time exhibitors—a significant increase from previous years. The fair will emphasize Latinx, Indigenous, and diasporic artistic currents, and will feature galleries from 44 countries, with over two-thirds operating in the Americas. New participants include New York galleries such as David Peter Francis, Candice Madey, and Margot Samel, as well as Erin Cluley Gallery from Dallas, Miami’s Nina Johnson, and Voloshyn Gallery, the first Ukrainian exhibitor at the fair. Returning mega-galleries include Gagosian, Hauser & Wirth, David Zwirner, Pace Gallery, and White Cube. The fair will also debut the Art Basel Awards, with gold medalists announced on December 4.

Business Buzz: UK's Clarendon Fine Art opening Wellesley gallery; Wellesley Books signs on for 5 more years

UK-based Clarendon Fine Art is opening a new gallery in Wellesley Square, Massachusetts, at 25 Central St., the former location of Laurel Grove. The business, which operates dozens of galleries in the UK and one in Westport, Connecticut, specializes in international, contemporary, and modern art. Clarendon is scheduled to meet with the Wellesley Design Review Board regarding minor construction and a sign review, including making the entrance ADA compliant. Separately, Wellesley Books has renewed its lease at 82 Central St. for another five years, ensuring the independent bookstore remains a community fixture.

Ten artists accuse Arusha Gallery of non-payment of nearly half a million pounds

Ten artists have accused Arusha Gallery, which operates in Edinburgh and London, of failing to pay them nearly half a million pounds for sold works, with some waiting months or years for payment. Artist Charlotte Keates claims she is owed approximately £430,000 from sales dating back to 2023, while gallery owner Bella Arusha Collins King disputes the amount and asserts the gallery is entitled to a 50% cut from a collaboration Keates entered with Hermès. The gallery acknowledges missing payments, citing a downturn in the art market and the unexpected death of co-owner Guy Rowland Maxwell Bargery in January.

San Francisco gallery switches to popup model to combat changing art world

A San Francisco gallery has announced it will transition from a permanent brick-and-mortar space to a popup model, citing the need to adapt to shifts in the art world. The gallery will now operate through temporary, project-based exhibitions in various locations rather than maintaining a fixed venue.