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This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

Dealers at the TEFAF Maastricht art fair reported strong sales, defying concerns over global unrest and geopolitical tensions that limited some collectors' travel. The fair, featuring 277 dealers from 24 countries, saw a high caliber of international collectors engaging with works ranging from monumental 18th-century sculptures to minuscule, intricately detailed pieces. First-time exhibitors and veterans alike expressed satisfaction, with one rare books dealer calling it his best year in three decades of participation.

Van Gogh Museum Acquires Only Third Painting by a Female Artist at TEFAF

Van Gogh Museum Acquires Only Third Painting by a Female Artist at TEFAF

The Van Gogh Museum in Amsterdam has acquired Virginie Demont-Breton's 1887-88 painting *L'homme est en mer* at the TEFAF Maastricht fair. The work, depicting a woman and child awaiting a sailor's return, becomes only the third painting by a female artist in the museum's collection and was purchased for a sum between $543,000 and $1.1 million.

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TEFAF New York 2025 opened with 91 exhibitors, featuring a mix of blue-chip and emerging artists. Galleries reported sales including a €250,000 relief by Anne Imhof at Sprüth Magers, a $500,000 Sean Scully painting at Lisson Gallery, and multiple Ruth Asawa works at David Zwirner ranging from $50,000 to $2.8 million. Thaddaeus Ropac sold works by Daniel Richter for €840,000. The fair aims to attract younger buyers while maintaining its prestige, with fewer objects priced above $10 million than in previous years.

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Artist Brad Kahlhamer prepares for his first solo exhibition with Venus Over Manhattan at 39 Great Jones Street, featuring energetic paintings on bedsheets that blend Plains Indian winter counts, pop-cultural graphics, and Manhattan's post-punk scene. The article follows Kahlhamer through the week leading up to the show, including his visit to TEFAF New York at the Park Avenue Armory, where his work "American Horse" was displayed in the gallery's booth, and his reflections on the installation process and the portable bedsheet medium inspired by Indigenous traditions.

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At TEFAF 2025 in New York, held at the Park Avenue Armory, a panel titled "Thrill of the Chase" brought together three cultural tastemakers: gallerist Jeanne Greenberg Rohatyn, designer Adam Charlap Hyman, and curator Alexandra Cunningham Cameron. Moderated by Artnet's William Van Meter, the discussion explored what makes an object irresistible—whether beauty, rarity, mystery, or narrative—and how these figures curate their lives and work across art, design, and interiors.

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Artnet News, in collaboration with Morgan Stanley, analyzed auction data from the Artnet Price Database to assess the state of the European Old Master market since 2018. The investigation explores how efforts to contemporize Old Masters—through juxtapositions at art fairs like TEFAF and Masterpiece London, and gallery shows such as David Zwirner's 'Endless Enigma'—have correlated with market trends for Contemporary and Ultra-Contemporary artists whose work is visibly influenced by classical European art. The report also examines the impact of living artists inspired by Old Masters, suggesting that restricting analysis to historical works alone may underestimate their ongoing influence on the art market.

Anna Zemánková Estate Joins Gladstone Gallery, Sándra Vasquez de la Horra Joins Tanya Bonakdar Gallery, and More: Industry Moves for April 29, 2026

The article reports a series of industry moves in the art world as of April 29, 2026. Key developments include Gladstone Gallery taking on the estate of Anna Zemánková, Sándra Vasquez de la Horra joining Tanya Bonakdar Gallery, Elijah Wheat Showroom opening a new location in Beacon, New York, and Mariane Ibrahim now representing Leasho Johnson. Additionally, Denniston Hill launches its 2026 residency season with 30 artists, the Minneapolis Institute of Art receives restoration funding from TEFAF, Charlie White is appointed dean of the Sam Fox School, and Jesús Hilario-Reyes and Tichacoco are named inaugural recipients of the Clemente Center’s Van Lier Fellowship. The article also notes a whistleblower claim of $3 million missing from the Palm Springs Art Museum’s investment account, and a New York Times essay by Robin Givhan on Derrick Adams.

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Two major New York art fairs—NADA New York and Independent—opened this week alongside Frieze and TEFAF, marking a crowded spring fair season. Despite a recent market downturn, both fairs reported strong attendance and early sales. NADA's executive director Heather Hubbs noted high-quality visitors and positive feedback on the new venue, while Independent founder Elizabeth Dee cited a 20% increase in opening-day attendance and robust buying from collectors and institutions. Sales ranged from lower-priced works under $50,000 to six-figure transactions, with galleries like Vielmetter Los Angeles, Andréhn-Schiptjenko, and Fleisher/Ollman Gallery reporting significant sales.

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TEFAF New York is currently running at the Park Avenue Armory through May 13, 2025, drawing large crowds with its cross-category approach spanning fine art, jewelry, design, and antiquities. The article highlights six standout pieces from the fair, including Judy Kensley McKie's animal-motif furniture at Delorenzo Gallery, Zaha Hadid's 'Liquid Glacial' coffee table at David Gill Gallery, and Indigenous Australian artist Mantua Nangala's dot paintings at Salon 94. Other notable works include Camilla Moberg's glass sculpture 'Goldie' at Galerie Maria Wettergren, Etienne Henri Martin's mid-century lounge chairs at Demisch Danant, and Robert Cottingham's painting 'Meat Counter' at Galerie Georges-Philippe and Nathalie Vallois.

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The 2025 edition of TEFAF Maastricht has opened with 277 dealers from 24 countries, showcasing 7,000 years of art history despite significant geopolitical instability in the Middle East. While the fair remains a premier destination for Old Masters and high-end antiques, exhibitors are navigating logistical hurdles caused by regional conflicts and airport closures in major transit hubs like Dubai.

America’s Finest Renaissance Tapestry Set for Major Restoration

The European Fine Art Foundation (TEFAF) has awarded its €25,000 Museum Restoration Fund to the Minneapolis Institute of Art (MIA) for the conservation of *The Meeting of Dante and Virgil*, a mid-16th century Italian Renaissance tapestry. This is the first time TEFAF has funded a tapestry restoration since the initiative began in 2012. The wool and silk tapestry, made between 1547 and 1549 by the Florentine workshop of Duke Cosimo I de’ Medici and designed by Francesco Salviati, depicts the opening scene of Dante’s *The Divine Comedy*. It is the only early Medici tapestry held by a public collection outside Italy, standing 17 feet tall and eight feet wide. Due to structural weaknesses and light sensitivity, it has been largely in storage for 70 years. Conservation work by the Midwest Art Conservation Center will include wet cleaning, stabilization, and partial reweaving, along with a new display system. The tapestry is scheduled to return to public view at MIA on July 11.

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Artnet News highlights five recent rediscoveries and reinterpretations that are reshaping narratives around Black artists and sitters in art history. These include Gustav Klimt's long-lost portrait of Prince William Nii Nortey Dowuona, an Osu prince exhibited in a racist "human zoo" in Vienna, which resurfaced in 2023 and was shown at TEFAF Maastricht with a $16.4 million price tag. Also featured are Edvard Munch's dual portrayals of Sultan Abdul Karim—one intimate, one stereotyped—on view at the National Portrait Gallery in London, and new research identifying James Cumberlidge, a Black servant in a Jean-Baptiste van Loo portrait, correcting a historical misattribution.

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Frieze New York opened on a warm Wednesday morning, with a packed spring art week schedule that saw the fair and TEFAF's US edition separated by just 24 hours. The VIP day was animated with strong sales, including Jeff Koons's *Hulk (Tubas)* reportedly selling for $3 million at Gagosian, which presented the artist's first collaboration since he left the gallery in 2021. Other notable sales included works by Liza Lou, Joan Snyder, David Salle, and Adam Pendleton, with Pace Gallery selling all six of Pendleton's paintings within hours. Galleries reported a slower but deliberate pace of buying, with collectors taking more time to make decisions.

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The 2024 edition of TEFAF Maastricht has opened with a significant focus on rediscovered female Old Masters, highlighted by the third annual 'Map of Women Artists' which now features over 670 works. Major dealers like Lullo Pampoulides and Koetser Gallery are showcasing high-value pieces by Artemisia Gentileschi, Virginia da Vezzo, and Michaelina Wautier, drawing immediate attention from institutional leaders including Metropolitan Museum of Art director Max Hollein.

The Art Market Returns to Growth

Confidence in the art market is rising, with a significant increase in dealers expecting sales growth in 2026 according to the latest Art Basel and UBS Global Art Market Report. The report, authored by economist Clare McAndrew, notes that 43% of dealers anticipate improvement, a 10-point jump from the previous year, though recovery remains uneven due to high costs and trade barriers.

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D Lan Galleries is returning to TEFAF Maastricht in 2026 following a landmark debut that generated nearly $1.4 million in sales. The Melbourne and New York-based gallery will showcase 13 masterworks by prominent First Nations Australian artists, including Emily Kam Kngwarray, Sally Gabori, Johnny Warangkula Tjupurrula, and Gordon Bennett. The presentation spans works from the 1970s to the present, highlighting the evolution of Indigenous Australian art on the global stage.

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The global art fair calendar for 2026 is taking shape with a mix of established blue-chip events and significant new international expansions. Key highlights include the debut of Pavilion in Taipei and Hong Kong, the expansion of Paris Internationale into Milan, and the highly anticipated return of the ADAA Fair to New York's Park Avenue Armory following a strategic hiatus.

The Ultimate Guide to New York Art Week 2025

New York Art Week 2025 is underway as the international art world converges on the city for a series of major spring fairs. Galerie has surveyed six key fairs—Frieze New York, Independent, TEFAF New York, NADA New York, Future Fair, and Esther II—highlighting standout artworks and notable presentations. Highlights include Jeff Koons' Hulk sculptures at Gagosian, Claire Tabouret's new paintings at Perrotin, and Tuan Andrew Nguyen's kinetic sculptures at James Cohan. Independent returns to Spring Studios with its 16th edition, featuring a new curatorial initiative, Independent Debuts, showcasing 26 emerging artists including Shafei Xia, Laura Footes, and Lewis Brander.

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TEFAF has selected the Black Book of Hours, a rare 15th-century illuminated manuscript from the Hispanic Society Museum and Library in New York, as the recipient of its 2025 Museum Restoration Fund. The manuscript, one of only seven known black vellum books of hours, will be displayed at TEFAF New York at the Park Avenue Armory before undergoing conservation treatment by the Conservation Center for Art and Historic Artifacts in Philadelphia. The work involves disbinding the 149-folio volume, high-resolution imaging, and addressing centuries of wear.

15 Outstanding Artworks from the May 2025 New York Art Fairs

Artsy's editorial team curated a selection of 15 outstanding artworks from the seven art fairs taking place in New York during May 2025, including TEFAF, NADA, Esther II, Future Fair, Independent, and 1:54. The article highlights specific works such as Brandon Morris's "Teapot (Desire for No Tomorrow)" at Esther II, and notes that the fairs range from blue-chip offerings at TEFAF to emerging art at NADA, all compressed into a single week.

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The June 18, 2025 edition of ARTnews' Morning Links reports that Iran and Israel have taken protective measures for artworks and heritage sites amid escalating missile strikes. Iran's Cultural Heritage Organization moved artifacts to secure storage and closed museums, while Israeli museums transferred artworks to protected storage, with Suzanne Landau, director of the Israel Museum, noting the country's familiarity with such crises. Other headlines include a government watchdog finding that President Donald Trump illegally slashed funding to the Institute of Museum and Library Services, an interview with Pussy Riot co-founder Nadya Tolokonnikova about her performance at MOCA Los Angeles, earthquake damage to monasteries in northern Greece, and details about the Studio Museum in Harlem's inaugural exhibitions. The digest also covers TEFAF's cameo in the TV show 'And Just Like That', a Jenny Saville drawing heading to auction at Sotheby's, and a profile of previously unknown Surrealist painter Henry Orlik.

This Masterpiece by Rembrandt’s Star Pupil Has a New Owner

This Masterpiece by Rembrandt’s Star Pupil Has a New Owner

Willem Drost's 1654 painting *Man With a Plumed Red Beret* has been acquired by the Leiden Collection, a private museum focused on Dutch Golden Age art. The sale was conducted privately through Agnews Gallery at the TEFAF Maastricht fair for an undisclosed sum, with the collection's founder calling it a "capstone acquisition."

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Gagosian Gallery will present a new body of work by artist Anna Weyant at TEFAF New York, featuring intimately scaled paintings of jewelry rendered with trompe l’oeil precision. The booth, designed with lavender walls and pine-hued carpet, showcases pieces like "Pearl Earrings" (2025) and "Pearl Bracelet (Sold)" (2025), some with cheeky price tags and red dot stickers. Weyant, represented by Gagosian since 2022, has seen her market soar, with her auction record set at $1.6 million for "Falling Woman" (2020) at Sotheby’s in 2022.

Tefaf restoration award goes to 500-year-old Medici tapestry

Tefaf has awarded its Museum Restoration Fund prize to the Minneapolis Institute of Art (MIA) for the restoration of a 500-year-old Medici tapestry, "The Meeting of Dante and Virgil" (circa 1547-49). The €25,000 grant will support cleaning, consolidation, and lining of the 5.3-meter-high work, which has not been displayed in over 60 years due to severe damage including silk weft loss and open slits. The conservation will be carried out by the Midwest Art Conservation Center, and the tapestry is expected to go on public view at MIA this summer.

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During New York Art Week, two smaller art fairs—Esther II and Conductor—offer alternatives to the major events like Frieze and TEFAF. Esther II, now in its second edition, takes place at the Estonian House in Murray Hill, featuring 25 galleries from 17 cities with site-specific installations and performances. Conductor debuts at Powerhouse Arts in Gowanus, focusing on artists from the Global South and its diasporas, with a unique model that allows artists to fabricate work on-site using the venue's production facilities.

Timeless Meets Timely at TEFAF New York 2026

TEFAF New York returns to the Park Avenue Armory from May 15–19, 2026, with an invitation-only preview on May 14. The fair features 88 international exhibitors from 14 countries across four continents, showcasing a wide range of collecting categories including art, antiquities, design, and jewelry. Highlights include a new abstract canvas by Minjung Kim, a glass mosaic by Shahzia Sikander, ancient Egyptian and Roman works, and pieces by modern masters such as Jean Dubuffet, Martin Kippenberger, Pierre Soulages, Barbara Hepworth, John Chamberlain, and Cecily Brown.

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Anne Imhof, the German artist known for her provocative multimedia performances, is presenting new bronze relief sculptures at the TEFAF art fair (May 9–13) at New York's Park Avenue Armory, the same venue where her performance "DOOM: House of Hope" recently premiered. The works, which debuted in her 2024 exhibition "Wish You Were Gay" at Kunsthaus Bregenz, mark a shift from her signature tech-infused performances to sculptural forms inspired by ancient Greek friezes and Renaissance reliefs. Priced at €250,000 each, the bronzes depict intertwined nude figures, skulls, animals, and apocalyptic imagery, reflecting themes of love, death, and the afterlife.

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TEFAF New York returns to the Park Avenue Armory from May 9–13, 2025, featuring 91 exhibitors from around the world. The fair presents a broad range of modern and contemporary art, jewelry, antiquities, and design, with highlights including an untitled canvas by Shirley Jaffe at Galerie Nathalie Obadia, a ceramic bird sculpture by Guidette Carbonell at Lebreton Gallery, a Roman marble head of a bearded god at Charles Ede, and design pieces such as Zaha Hadid's Liquid Glacial coffee table at David Gill Gallery and Josef Frank's 'Flora' chest of drawers at Modernity Stockholm. The event also includes curated displays in the venue's historic period rooms, a feature unique to this fair.

How To Do New York Art Week 2025 Like An Insider

Sophia Penske, founder of Penske Projects and an art advisor at Gagosian Art Advisory, provides an insider guide to New York Art Week 2025, running May 5–12. She highlights three main fairs: Frieze New York at The Shed (May 7–11), Independent Art Fair at Spring Studios (May 8–11), and TEFAF. The guide includes notable artists to see—such as Daisuke Fukunaga at Tomio Koyama Gallery, Doron Langberg at Victoria Miro, Moka Lee at Carlos/Ishikawa, Julia Jo at Charles Moffett, Laura Footes at SHRINE, and Nicole Economides at Callirrhoe—along with nearby dining, spa, and gallery recommendations.