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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.

upsilon gallery milan opening 1234756444

Upsilon Gallery, founded by German-Argentine dealer Marcelo Zimmler, will open its first continental European location in Milan on November 18. The 200-square-meter space is situated near Via Monte Napoleone in the Quadrilatero fashion district, joining a wave of international galleries—including Thaddaeus Ropac, Cardi Gallery, and Robilant + Voena—that are betting on Milan's potential to become a global art capital. The inaugural exhibition features four canvases from Osvaldo Mariscotti's Valley series, with a bilingual catalogue edited by critics David Ebony and Alex Grimley, and coincides with twin shows in Upsilon's London and New York outposts.

painting female old master artemisia gentileschi sells 2 million 1378720

Artemisia Gentileschi's 17th-century painting 'Lucretia' sold for €1.88 million ($2 million) at Dorotheum's Old Master sale in Vienna, more than double its high estimate. The work, previously unseen in public, was acquired by an Australian collection, continuing a trend of strong auction results for the Baroque artist.

Michelangelo Pistoletto Debuts Five New Mirror Works in First-Ever Solo Exhibition in St. Moritz

Michelangelo Pistoletto, a leading figure of the Italian arte povera movement, has opened his first-ever solo exhibition in St. Moritz, Switzerland. The show, presented at the Robilant + Voena gallery's outpost in a repurposed 18th-century church, features five new mirror works from his "Color and Light" series and a sixth new piece from his "Black and Light" series, all created specifically for the ecclesiastical space.

Robilant and Voena gallery founders part ways to start separate ventures with their children

Edmondo di Robilant and Marco Voena, the founders of the prominent gallery Robilant + Voena (R+V), have announced the dissolution of their 22-year partnership to launch two separate family-run firms. The split results in the creation of 'Robilant' and 'Voena,' with both founders bringing their children into senior leadership roles to ensure long-term succession. Michele di Robilant will serve as director of Robilant, while Edoardo and Virginia Voena will take on director and sales director roles respectively at Voena.