Cash-Strapped Hong Kong Arts Hub Saved—Plus a Rundown of the Latest in Asia’s Art World
Hong Kong's financially struggling West Kowloon Cultural District, a major arts hub, has been rescued from its cash crisis. This development was part of a broader Asia art world update that also included leadership changes at Japan's Art Collaboration Kyoto and the announcement of a new art fair in Shenzhen.
The article reports that US artists are increasingly expected to self-fund institutional projects, as illustrated by Dominican American artist Lucia Hierro's 7.5-foot chair commission. Fabrication costs exceeded the museum's budget, forcing her to seek grants from a residency program's fund, which had only $125,000 available against $1.8 million in applicant requests. Separately, over 65 artists have been announced for the third edition of the Diriyah Contemporary Art Biennale in Saudi Arabia, titled "In Interludes and Transitions," with artistic directors Nora Razian and Sabih Ahmed emphasizing locally rooted histories. Other news includes artist Thomas McKean using cut-up MetroCards for sculptures, Kenny Schachter reporting a van Gogh private sale above $190 million, an Iron Age carnyx discovery in Norfolk, and critic Ben Luke's critique of uninspired contemporary painting at recent art fairs.
Frieze has announced plans to launch a new art fair in Abu Dhabi in partnership with the Department of Culture and Tourism, converting the existing Abu Dhabi Art into a Frieze-branded franchise by 2026. This follows a previously reported but unrealized deal between Abu Dhabi and Art Basel, which instead chose to launch a fair in Qatar. Meanwhile, a new London art space called Ibraaz, funded by Swiss Tunisian banker Kamel Lazaar and focused on global majority arts, will open October 15. Gagosian also announced Jeff Koons's return to the gallery with a solo show titled "Porcelain Series." Additionally, the Robert Rauschenberg Foundation is selling the artist's Florida compound due to hurricane damage, and Pepperdine University closed an exhibition early after artists withdrew works over alleged political censorship.
The National Gallery of Canada in Ottawa has received a donation of 24 contemporary artworks from Vancouver-based collector and real estate tycoon Bob Rennie and his family. The gift includes works by American artists Kerry James Marshall and Christopher Williams, and Canadian artists Brian Jungen and Jin-me Yoon, bringing the total number of works donated by the Rennie family to the NGC since 2012 to 284.
The Henry Moore Foundation has reopened the Sheep Field Barn gallery at Moore's former home and studio in Perry Green after a major architectural redesign by DSDHA. The reopening is marked by an exhibition of Moore's seminal Shelter Drawings, created when he first arrived at the estate during the Second World War.
Sotheby's will auction Maurizio Cattelan's 18-karat solid gold toilet, titled "America" (2016), during its marquee New York sales next month. The 100-kilogram work will be installed in a bathroom at the Breuer Building, Sotheby's new headquarters, with public viewing beginning November 8 and the auction on November 18. The starting bid will be set by the work's weight in gold, around $10 million. Separately, the article examines shifting boundaries in artist representation, using Tom Sachs as an example of a fine artist who worked with a PR agency (The Lede Company) for brand collaborations while his gallery Thaddaeus Ropac handled his fine art, raising questions about where a gallery's role ends and an agency's begins.
Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report
The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.
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.
Tate Britain has announced the four nominees for the 2026 Turner Prize: Simeon Barclay, Kira Freije, Marguerite Humeau, and Tanoa Sasraku. The shortlist was revealed during a press conference broadcast online. An exhibition of their work will open at the Middlesbrough Institute of Modern Art (Mima) on 26 September, with the winner announced on 10 December. The winner receives £25,000, while each runner-up gets £10,000. The jury, chaired by Tate Britain director Alex Farquharson, praised the diverse range of work spanning installation, performance, and sculpture.
The Phillips Collection in Washington, D.C., plans to auction major works by Georgia O'Keeffe, Arthur Dove, and Georges Seurat at Sotheby's New York on November 20, sparking controversy. Director Jonathan Binstock says proceeds will support commissions from living artists and new acquisitions, but the decision has drawn intense opposition from longtime supporters and museum members. A last-minute agreement allows the sale to proceed while imposing tighter limits on future deaccessioning. Separately, the Vatican has returned 62 artifacts from its Anima Mundi ethnographic collection to Indigenous peoples in Canada, including an Inuit kayak, as part of ongoing reconciliation efforts.
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.
Greece's culture minister Lina Mendoni has publicly criticized the British Museum for hosting a lavish £2,000-a-ticket Pink Ball near the Elgin Marbles, attended by celebrities including Mick Jagger, Naomi Campbell, and Janet Jackson. Mendoni accused the museum of showing 'provocative indifference' by using the ancient Greek sculptures as mere 'decorative elements' for entertainment, echoing similar criticism from a fashion show held in the same gallery last year. Separately, disgraced Miami art dealer Les Roberts, previously charged with selling forged Andy Warhols, has opened a shop called Labubu Headquarters in Coconut Grove selling collectible monster figurines, despite bond conditions restricting him from working in the art industry. The article also reports that Richard Diebenkorn's estate has joined Gagosian, the J. Paul Getty Trust and the World Economic Forum will host a cultural table during Art Basel Paris, and Interpol has added stolen Louvre jewelry to its database.
René Magritte's surrealist masterpiece *La Magie Noire*, unseen on the market for nearly a century, will be auctioned at Sotheby's Paris later this month with an estimate over $8 million. The painting was originally purchased by the family of WWII resistance heroine Suzanne Spaak, who supported Magritte during a financially difficult period. Separately, three major museums designed by star architect David Adjaye—the Princeton University Art Museum, the Museum of West African Art in Benin City, and the Studio Museum in Harlem—are set to open this fall, but institutions are downplaying Adjaye's involvement following sexual misconduct allegations he denied in 2023. Other news includes Pace Gallery closing its Hong Kong space, Colnaghi opening in Riyadh, and the death of ARTnews owner Milton Esterow.
Sotheby's will host a landmark exhibition in Abu Dhabi on October 1-2, 2025, at the Bassam Freiha Art Foundation, showcasing masterworks by Vincent van Gogh, Paul Gauguin, Frida Kahlo, Edvard Munch, René Magritte, and Camille Pissarro, collectively valued at $150 million. This marks the first public fine art exhibition ever staged by Sotheby's in Abu Dhabi and the most valuable presentation the auction house has held in the Middle East. Separately, Larry Gagosian discussed the art market recession at Puck's Art of Influence conference, noting that private sales are rising as collectors shy away from auction houses. Other news includes controversy over Cai Guo-Qiang's performance in Tibet, a curator fleeing Thailand over arrest fears, and declining sales at Sydney Contemporary.
Kenny Schachter, an artist, collector, and art world commentator, writes for Artnet that Larry Gagosian has no succession plan for his mega-gallery, claiming that after Gagosian's death the business will not survive. This contradicts earlier reports that Gagosian had assembled a board of directors—including Evan Spiegel, Jenny Saville, J. Tomilson Hill, Glenn Fuhrman, and Delphine Arnault—to plan for the future. Separately, new research suggests Rembrandt's *The Night Watch* (1642) may include imagery borrowed from a lesser-known Dutch artist, with a barking dog in the painting closely resembling an illustration from a 17th-century manual on resisting sexual temptation. The UK art market is also facing increased anti-money laundering enforcement, with HMRC issuing significant fines, including a £158,679 penalty to London-based DYS44 Art Gallery Limited for procedural failures.
Hauser & Wirth has announced global representation of Spanish sculptor Cristina Iglesias, who will depart Marian Goodman Gallery after over two decades. The gallery will feature her new work "Entwined VI" at Art Basel this month and host a solo exhibition at its London gallery in October. Separately, Rio de Janeiro's National Museum of Brazil is temporarily reopening three galleries seven years after a devastating fire destroyed 90% of its collection, showcasing surviving artifacts like the Bendegó meteorite. Meanwhile, staff at the Tel Aviv Museum of Art have been protesting daily since April over the war in Gaza, reflecting broader protests across Israel.
Sotheby's New York will auction Vincent van Gogh's watercolor *The Harvest in Provence* (June 1888) on May 19, with an estimate of $25–35 million. The work, larger and more elaborate than a related watercolor at Harvard, was created just days before van Gogh's celebrated oil painting of the same scene. It is signed and titled, suggesting the artist considered it a finished piece rather than a mere study, and he sent it to his brother Theo before completing the oil version.
Lee Ufan, the South Korean artist and founding member of the Mono-ha movement, is being honored with a major solo exhibition at SMAC San Marco Art Centre as an official Collateral Event of the Venice Biennale, marking his 90th year. Simultaneously, a new display of his painting and sculpture opens at Dia Beacon in New York State, and his first show in Portugal opens at Casa e Parque de Serralves in July. In an interview with The Art Newspaper, Ufan discusses his artistic journey, his rejection of the artist's hand, and the influence of seeing a Barnett Newman exhibition at MoMA in 1971, which led him to develop his signature From Point and From Line paintings that use repeated marks to express the passage of time.
Pat Steir, the acclaimed American painter known for her Waterfall series, died in Manhattan on 25 March at age 87. The article traces her career from early struggles as a freelance illustrator and art director, through her transformative encounter with Sol LeWitt in the early 1970s, to her eventual emergence as a major figure in contemporary painting. It highlights her teaching at CalArts and Parsons, her involvement with feminist and artist-run institutions like Heresies and Printed Matter, and the pivotal moment in the early 1980s when she cut up a reproduction of a Jan Brueghel the Elder flower painting into 64 panels, repainting each in a different historical style.
Paul McCarthy, the 80-year-old American artist known for his transgressive critiques of consumer culture, has opened a new exhibition titled "SS EE Saint Santa Eva Elf" at Hauser & Wirth in Paris. The show features large-scale drawings and a six-channel video installation created during filmed performances with his long-term collaborator, German actress Lilith Stangenberg, who plays the Elf. McCarthy revisits his iconic Santa Claus motif, portraying him as a dark, psychotic figure—the "god of capitalism and consumption." The exhibition also includes earlier drawings made with Stangenberg at Bowman Hal gallery in Madrid. The interview reveals that McCarthy's home and studios in Los Angeles were destroyed by wildfires, resulting in the loss of art, drawings, notebooks, and books, and the cancellation of a planned London show.
Two rare photographic albums taken by art critic Gustave Coquiot in 1922 have been acquired by the newly established Van Gogh Academy in Auvers-sur-Oise, France, and are now on display. The images capture many of the sites in Arles that Vincent van Gogh painted in the late 1880s, including the Yellow House, the Langlois Bridge, and the Rhône riverbank. Several of these locations were later destroyed during World War II or by modernization, making Coquiot's photographs valuable historical records of Van Gogh's original subjects.
The artist Michael Armitage opens a monographic exhibition titled 'The Promise of Change' at Venice's Palazzo Grassi, featuring 46 large paintings and nearly 100 sketches that survey his past decade of work. At 42, Armitage is the youngest artist to receive a solo show at the palazzo, which is owned by François Pinault and has previously hosted Albert Oehlen, Luc Tuymans, and Marlene Dumas. The exhibition highlights Armitage's fusion of East African and Western European artistic influences, drawing on his upbringing in Kenya and his training at London's Byam Shaw School of Art, the Slade, and the Royal Academy.
An exhibition titled "Van Gogh, Influencer: Legacies in Motion" has opened at the Château of Auvers-sur-Oise, the village near Paris where Vincent van Gogh spent his final 70 days and died by suicide in July 1890. The show, running until 3 January 2027, features nearly a hundred works by artists influenced by Van Gogh, including Léonide Bourges, Charles-François Daubigny, and Léo Gausson, though no original Van Gogh paintings are included. Curated by Wouter van der Veen, the exhibition explores visual parallels and stylistic contrasts between Van Gogh’s iconic works—such as *Church at Auvers* and *Wheatfield with Crows*—and those of his contemporaries and followers.
Jupiter Artland, a sculpture park and gallery near Edinburgh, Scotland, is hosting the exhibition "Extraction" (through July 26), which examines the impact of fossil fuel extraction on landscapes and culture. Set against a backdrop of historic shale oil bings, North Sea oil pipelines, and modern wind farms, the show features five artists who explore energy histories through nuanced, non-polemical lenses. Glasgow-born painter Siobhan McLaughlin uses earth pigments gathered from the nearby Five Sisters Bing to create works like "Date of Exhaustion" (2025) and "Pioneer Species" (2025), turning mining waste into art that reflects on memory, ecology, and regeneration.
The UK art scene is currently dominated by major survey exhibitions from three prominent female artists: Rose Wylie, Tracey Emin, and Sue Webster. Rose Wylie, at 92, makes history as the first woman painter to occupy the Royal Academy’s main galleries, while Tracey Emin presents a raw, thematic survey at Tate Modern reflecting on her life before and after cancer. Simultaneously, Sue Webster marks her institutional solo debut at Firstsite, showcasing a transition from her famous collaborative practice to deeply personal oil painting.
The Kröller-Müller Museum in Otterlo has broken traditional museum protocol by placing a known forgery, "Seascape at Saintes-Maries-de-la-Mer," on public display. Acquired in 1928 by museum founder Helene Kröller-Müller from the notorious Berlin dealer Otto Wacker, the painting was eventually exposed as a fake created by Wacker’s brother, Leonhard. The exhibition, which runs until June 21, coincides with a new podcast detailing the history of the acquisition and the subsequent fraud trial that rocked the art world in the 1930s.
The Obama Presidential Center is set to open on Chicago’s South Side on June 19, 2026. The $850m institution, designed by Tod Williams Billie Tsien Architects, features more than 25 site-specific contemporary art commissions integrated into its architecture and 19.3-acre campus. Ahead of the opening, the museum has partnered with Expo Chicago to preview these works, which include monumental contributions from artists such as Julie Mehretu, Mark Bradford, and Nick Cave.
A previously obscure double-sided drawing by Vincent van Gogh, created in the final weeks of his life, will be auctioned by Christie's in Paris. The sheet features a study of female pea pickers on one side and a landscape on the other, complete with color notations indicating Van Gogh's intention to develop them into paintings. The work has been authenticated by the Van Gogh Museum and carries an estimate of €100,000-€150,000.
A long-lost, custom-designed Art Deco frame for Vincent van Gogh's painting "Three Sunflowers" has been identified through archival research. The frame, which featured a dark lacquer finish, randomly placed gold circles, and angled outer edges, was commissioned by the Parisian couturier and collector Jacques Doucet shortly after he acquired the painting in 1912. Its existence was pieced together from a 1930s interior photograph, a 1967 family snapshot, and a frame sold at Sotheby's in 1989, allowing for a digital reconstruction of the complete artwork.
Artist Theaster Gates has gifted a 19th-century ceramic vessel by the enslaved potter David Drake, known as Dave the Potter, to Drake's descendants. The gesture is part of Gates's exhibition "Dave: All My Relations" at Gagosian in New York, which also features a second Drake pot recently restituted by the Museum of Fine Arts, Boston. Gates pulverized 45 of his own ceramic works to create a plinth for the vessel, framing the act as a "poetic justice" that elevates Drake's legacy above his own.