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yasmina reza art play putting a higher price on it 1234751691

The article examines the revival of Yasmina Reza's play "Art" on Broadway, which centers on three men arguing over a seemingly blank canvas purchased for a high price. The new production updates the painting's cost from 200,000 francs (about $60,000) to $300,000, reflecting today's inflated art market. The play's themes of aesthetics versus market value resonate with current debates about speculative hype and irrational pricing in contemporary art.

the art world in 2025 2716064

Artnet News staff reflects on the most impactful stories of 2025, covering a wide range of topics from institutional shifts and devastating wildfires to market sensations and conceptual art. Key pieces include Ben Davis's analysis of the art world's 'post-woke' turn, Sarah Cascone's report on Los Angeles artists losing homes in the Eaton Fire, Katya Kazakina's tale of a David Hockney painting yielding a 7,000 percent return at Christie's, Andrew Russeth's coverage of Richard Prince's seven-hour deposition video, Kate Brown's profile of Friedrich Kunath, and Annie Armstrong's introduction of the 'red-chip' art market driven by hype and crypto.

who is marlene dumas highest selling living woman artist 2645224

At a Christie’s New York 21st-century art sale, Marlene Dumas’s painting *Miss January* (1997) sold for $13.6 million with premium, setting a new auction record for the most expensive artwork by a living woman artist. The work, estimated at $12–18 million, narrowly surpassed the previous record of $12.4 million held by Jenny Saville since 2018. Dumas, a 71-year-old South African painter based in Amsterdam, has built a steady market over decades, with her galleries carefully managing her work to avoid speculation.

duct taped banana maurizio cattelan comedian eaten again 1234747892

A visitor at France's Pompidou-Metz ate a banana from Maurizio Cattelan's conceptual artwork "Comedian" (2019), which consists of a banana duct-taped to a wall. Security staff intervened calmly, and the work was reinstalled within minutes, as the fruit is regularly replaced per the artist's instructions. The incident occurred during the exhibition "The Endless Sunday," celebrating the museum's 15th anniversary, which features 30 works by Cattelan alongside over 400 others from the Musée National d'Art Moderne.

el greco paint drippings art industry news jun 20 2659116

This week's art industry roundup covers a range of developments: a new wave of younger, deliberate collectors is reshaping the art market, as reported from Art Basel; the Independent art fair will relocate to Pier 36 in New York in 2026; Riga Contemporary, a new fair, launches in Latvia; and the inaugural Arrival art fair took place in North Adams, Massachusetts. In auctions, seven never-before-seen Picasso ceramic plates sold in Geneva for nearly double their estimate, while a Giacometti sculpture made the top 10 sales list. Galleries news includes Nara Roesler now representing Asuka Anastasia Ogawa, a new gallery called Open Studio opening in New York, and Andrew Edlin Gallery relocating. In museums, a government watchdog found the Trump Administration broke the law by withholding funding for the Institute of Museum and Library Services, and UC Irvine and the Orange County Museum of Art plan to merge. A legal battle over an El Greco painting withdrawn from Christie's auction is advancing, with the owner revealed as Russian billionaire Dmitry Rybolovlev.

young collector habits 2658637

Maurice Mielcarek, a 43-year-old Zurich-based collector, exemplifies a new generation of younger art buyers who prioritize lasting engagement over speculation. At Zurich Art Weekend, he introduced friends to New York artist Travis Boyer, whose velvet paintings Mielcarek has collected for two years. This cohort, mostly in their 30s and 40s, takes a slower, research-driven approach to collecting, often building relationships with artists and galleries before purchasing. They focus on discovery, conceptual works, and supporting artists' visions beyond mere acquisition.

cooper hewitt triennial home 2635230

The Cooper Hewitt, Smithsonian Design Museum has opened "Making Home," the seventh installment of its Triennial, featuring 25 newly commissioned projects that explore the concept of home through memory, construction, and rupture. Co-curated by Alexandra Cunningham Cameron, Christina L. De León, and Michelle Joan Wilkinson, the exhibition is organized across three themes—Going Home, Seeking Home, and Building Home—and marks the first partnership between Cooper Hewitt and another Smithsonian museum, the National Museum of African American History and Culture. The show is on view through August 10.

superrare new york gallery digital art 2663363

SuperRare, the digital art trading platform, is opening a permanent New York gallery called Offline in the East Village at 243 Bowery, the former home of Salon 94. The inaugural exhibition, “Mythologies for a Spiritually Void Time,” curated by X.S. Hou and Jack Wedge, opens July 8 and features 15 artists working across animation, painting, sculpture, and networked media. The launch includes a week-long festival with dance performances, panels on art and A.I., and a choreographed NFT auction ritual.

marquee art sales fall 2025 christies sothebys phillips 1234761496

Christie's, Sotheby's, and Phillips are holding their marquee fall 2025 sales in New York next week, with an unusually high volume of inventory. Christie's alone will offer 80 works on Monday night, and across the week 27 lots carry estimates above $10 million—a stark contrast to the tepid May sales. The season is top-heavy, with the $2 million–$5 million range considered the trickiest. Notable consignments include the estate of Leonard Lauder and the collection of Stefan Edlis and Gael Neeson, while many discretionary sellers remain absent. Day sales feature works with significant price drops, such as a Steve Parrino painting last sold for nearly $1 million now estimated at $300,000–$500,000, and an Avery Singer work that sold for $3 million in 2022 now estimated at $600,000–$800,000. Several pandemic-era speculative purchases are also returning to market at steep discounts.

damien hirst will keep making artworks after dies 2650250

Damien Hirst, the 59-year-old British artist and one of the world's wealthiest living artists, has revealed a plan to continue creating artworks after his death. In an interview with the London Times, Hirst described a system of 200 notebooks, each representing one year after his demise, which will contain instructions for artworks that collectors can buy the rights to produce. These rights will be tradable certificates, and the works will be signed by his descendants. The scheme allows for back-dating of works, including a sculpture of a pig in formaldehyde conceived in 1991 but never made, which could be fabricated 145 years after his death and dated to 1991. This follows criticism Hirst faced in 2024 for assigning 1990s dates to formaldehyde sculptures actually produced recently, which his company Science Ltd. defended as conceptual artworks dated by conception.

In The Christophers, an aging artist’s unfinished masterpieces are subjects of speculation and scheming

The Christophers is a new film starring Ian McKellen as Julian Sklar, a once-celebrated 1970s painter who has become a social pariah and reality TV villain. The plot follows a 'reverse art heist' where Sklar’s estranged children hire a restorer and former forger, played by Michaela Coel, to secretly finish a series of nine incomplete portraits of his former lover. The goal is to inflate the works' market value so they can be 'discovered' as masterpieces upon the aging artist's death.

interview mega collector dakis joannou 2329229

The article profiles billionaire Greek Cypriot collector Dakis Joannou, focusing on his superyacht *Guilty*, painted by Jeff Koons in dazzle camouflage, and his Deste Foundation's project space on Hydra. It describes the 2023 group show "Dream Machines," co-curated by Daniel Birnbaum and Massimiliano Gioni, featuring works by Koons, Andro Wekua, Mire Lee, and others, and includes an interview with Joannou about the yacht's design and his art collection.

The art world's most infamous toilet is heading to New York auction for US$10m – and the starting bid moves with gold

Maurizio Cattelan's solid-gold toilet sculpture, *America* (2016), will be auctioned at Sotheby's New York on 18 November 2025 as part of the Now & Contemporary Evening Auction. The work, weighing 223 pounds of 18-karat gold, has a raw material value of around US$10.2 million based on current gold prices. In a first for auction history, the starting bid will fluctuate with live gold prices until bidding begins. The sculpture was previously installed at the Guggenheim Museum, where over 100,000 visitors used it, and later made headlines when the Guggenheim offered it to the Trump White House as a loan alternative to a Van Gogh painting. One edition was stolen and never recovered, making this the only surviving example.

artnotnet facebook marketplace art la scene 2742351

Artnet News is searching for a permanent writer for its Wet Paint gossip column, with guest writers like Janelle Zara filling in temporarily. The column focuses on speculating about the identity of the anonymous Instagram account @artnotnet, which posts humorous, all-caps commentary on art world headlines, and notes the rise of art sales on platforms like Facebook Marketplace.

aby rosen pays 55 million for gilded age building artist jay maisel bought for 102000 around 1966 246924

Art collector and real estate financier Aby Rosen paid $55 million for the Gilded Age landmark building at 190 Bowery in New York, which had been owned for decades by photographer Jay Maisel. Maisel bought the property—the former Germania Bank building—around 1966 for a reported $102,000, making the sale a dramatic example of New York real estate appreciation. The building, located near the New Museum, was listed on Rosen's company RFR Holdings before he entered a contract to purchase it in August, and was subsequently re-listed for sale through Cushman & Wakefield.

‘Quality always rules’: VIP day sales at Frieze London 2025

Frieze London 2025 opened with VIP day sales reflecting a cautious but resilient market. Gallerists reported solid sales, including Michael Landy's 'Multi-Saint' (2013) sold to the Walker Art Gallery for €125,000, and blue-chip works at Frieze Masters such as René Magritte's 'Le domaine enchanté' (1953) for $1.6m and Gabriele Münter's 'The Blue Garden' (1909) for SFr2.4m ($3m). Dealers noted a shift from speculative frenzy to more considered buying, with collectors taking longer to decide but still investing in quality works. The fair saw strong attendance, including wealthy individuals who had left London due to UK tax changes returning to buy.

re air the rise of the red chip art world 2660367

Artnet News re-airs an episode on "red chip art," a phenomenon characterized by Cybertrucks, crypto wallets, and artists like KAWS, MSCHF, and Daniel Arsham. The episode is prompted by actor Adrien Brody's solo exhibition "Made in America" at Eden Gallery in New York, featuring mixed-media paintings of Marilyn Monroe, Basquiat-inspired motifs, and interactive elements like audience chewing gum on the wall. Brody's show exemplifies the red chip art world's blend of celebrity, commerce, and spectacle.

Digital art is going mainstream

Digital art has achieved mainstream acceptance in the art world, ranking third in total spending among high-net-worth collectors after painting and sculpture, according to The Art Basel and UBS Survey of Global Collecting 2025. Over half of the 3,100 respondents purchased a digital artwork in 2024 or 2025, and the average share of digital art in collections rose from 3% in 2024 to 13% in 2025, signaling a maturation beyond the NFT boom of 2022. Art Basel is launching a new section called Zero 10 at Miami Beach 2025, featuring 12 exhibitors including AOTM, bitforms gallery, and Pace Gallery, with an interactive installation by Beeple. Major museums like MoMA, Tate Modern, and Centre Pompidou have hosted significant digital art exhibitions, further boosting collector confidence.

How AI Will Change Art, According to Arthur Jafa, Marilyn Minter, and Other Artists

Emily McDermott's article, published July 15, 2025, gathers perspectives from artists including Refik Anadol, Arthur Jafa, Marilyn Minter, and others on how AI will change art. It references the controversial Christie's 'Augmented Intelligence' auction in February-March 2025, which generated nearly $730,000 despite an open letter signed by nearly 4,000 individuals urging cancellation over claims that AI models exploit copyrighted material. The artists quoted offer varied views, from Anadol seeing AI as a collaborator that augments creativity to Jafa dismissing most AI-generated work as generic.

newsmakers lindsay jarvis is betting on the bowery 1234750559

Lindsay Jarvis, a London-born dealer who previously worked at Sadie Coles and greengrassi in the UK and spent a decade in New York as an art adviser and auction specialist, has opened a new 2,000-square-foot gallery on the second floor of 96 Bowery in Manhattan. The inaugural exhibition, titled "Ghost," organized with Max Werner, opens Wednesday and runs through October 4, featuring contemporary artists like Francesca Mollett and Daniel Licht alongside 20th-century figures such as Lois Dodd, Richard Mayhew, Joan Snyder, Beverly Buchanan, Peter Saul, and Janet Sobel. Jarvis, known for spotting overlooked value in 20th-century artists, is transitioning from advising collectors to running his own gallery program.

ultra contemporary chinese artists market 2717404

The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.

banksy sentimental lighthouse 1234743815

Banksy has unveiled a new artwork featuring a lighthouse with the text 'I want to be what you saw in me,' posted on his Instagram account without any caption or location details. The piece, rendered in his signature black stencil on a stucco wall, appears to be his first major work since the 2023 'Beastly London' campaign, which included animal-themed murals across the city. Within two hours of posting, the image garnered over 300,000 likes, continuing the artist's tradition of cryptic, location-ambiguous public interventions.

sean combs diddy may lose kerry james marshall painting 1234743296

Sean Combs, also known as Diddy, may lose a prized Kerry James Marshall painting, *Past Times* (1997), among other assets if found guilty of sex trafficking charges, which he has denied. The painting was purchased at Sotheby's in 2018 for $21.1 million, setting an auction record for Marshall. Reports indicate Combs had been actively collecting art since 2014 with adviser Maria Brito, but with multiple civil suits pending, speculation has grown that he might be forced to sell.

New Rules: The Artists to Watch for 2026

The article profiles three emerging artists to watch in 2026: Lebanese artist Dala Nasser, who creates politically charged works using materials like salted water and cyanotypes; Chinese-born, Berkeley-based artist Connie Zheng, whose work maps plantation economies and resource extractivism through painterly and symbolic compositions; and New York-based artist Nina Hartmann, who creates resin works inspired by DIY plaques and memorials, exploring hidden histories and Freemason symbolism. Each artist is highlighted for upcoming exhibitions or new series in 2026.

Holiday Shopping at Sotheby's: All I Want for Christmas Is a Shot Marilyn

Sotheby's has opened its new global headquarters in the Breuer Building on Madison Avenue, New York, with an exhibition titled "Icons: Back to Madison" featuring 27 contemporary art masterpieces valued at over $2 billion. Highlights include Jean-Michel Basquiat's "Untitled" (1982), which sold for $110.5 million in 2017, and Andy Warhol's "Shot Orange Marilyn" (1964), reportedly sold privately for $200 million. The show offers a rare public viewing of works typically held in private collections, including pieces owned by billionaire collector Kenneth C. Griffin.

The Surreal Economics of the Contemporary-Art Market

A conceptual artwork titled "Comedian" by Maurizio Cattelan, consisting of a banana duct-taped to a wall, sold at auction for over $6 million to billionaire Justin Sun. This sale occurred amid widespread speculation that the contemporary-art market has peaked, with global art sales dropping 12% in 2024. However, a painting by Marlene Dumas defied the trend, fetching $13.6 million and setting a record for a living female artist. The article explores the bewildering economics of the art market, featuring insights from economist Canice Prendergast and journalist Bianca Bosker, who describe a market where prices seem divorced from traditional logic.

Big prices, bigger confidence: Inside Indian art’s breakout era

The Indian art market is experiencing a significant boom, characterized by record-breaking auction prices for established masters like SH Raza and MF Husain, and growing international visibility for contemporary artists at biennales and fairs. A new generation of high-net-worth collectors is driving this growth, building collections with greater intent, knowledge, and personal connection rather than pure speculation.

Comment | The market grew in 2025 but ‘interest in art is waning’

The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.

jeff bezos lauren sanchez bezos met gala 2715793

Billionaire couple Jeff Bezos and Lauren Sánchez Bezos are sponsoring the Metropolitan Museum of Art’s 2026 Met Gala, the annual benefit for the Costume Institute. The news has revived speculation that Bezos may buy Condé Nast, Vogue’s parent company, which organizes the gala. Sánchez Bezos, a former TV reporter and recent Vogue cover subject, has been increasingly active in fashion circles, attending Paris Fashion Week and sitting front row at Chanel and Balenciaga shows. The 2026 gala will be the first since Anna Wintour’s retirement, with Chloe Malle taking over Vogue, and will feature a new dedicated Costume Institute gallery and the theme “Costume Art.”

belma gaudio collector questionnaire art collection london koibird

Belma Gaudio, founder of the London fashion, homeware, and wellness boutique Koibird, opens her art-filled London home to CULTURED magazine, offering a rare glimpse into her eclectic collection. The article, presented as a collector questionnaire, features works by René Magritte, Lucio Fontana, Christina Quarles, and others, photographed by Mary McCartney. Gaudio discusses her childhood as a refugee from Bosnia and Herzegovina, her instinct for collecting objects from Barbies to snakeskins, and how her global upbringing shaped her eye for mixing eras and styles—from traditional Italian to contemporary.