Art News. Vasari Codex

trending_up market schedule Dec 23, 2025 visibility 28 link 12 artists, 4 galleries

stop making sense 2025 art market analysis 1234767291

The article analyzes the chaotic and contradictory state of the global art market in 2025, a year marked by extreme volatility following President Donald Trump's return to office. Key events include strong sales at Frieze Los Angeles in February, a record $13.8 million sale of a painting by M.F. Husain at Christie's, and a sharp downturn after Trump imposed sweeping tariffs on major trading partners. Major auctions in May fell far short of expectations, with only $837.5 million hammered against estimates of up to $1.6 billion. Meanwhile, Art Basel expanded with a new Qatar fair, but sales at Art Basel Switzerland dropped over 35% from 2024. The year also saw a wave of gallery closures, including the sunsetting of Blum & Poe.

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trending_up market schedule Nov 3, 2025 visibility 19 link 2 artists, 4 galleries

david zwirner yoshitomo nara artist representation 1234759832

David Zwirner gallery announced it will now officially represent Japanese artist Yoshitomo Nara, with his first solo exhibition planned at Zwirner's New York space. The representation deal was brokered through Nara's international agent Joe Baptista and his Equivalence Art Agency. Baptista was previously a partner at Pace Gallery, Nara's longtime representative, and his departure from Pace had not been publicly announced. Nara was also long represented by Blum Gallery, which closed earlier this year after its final Nara show in Los Angeles. Pace Gallery CEO Marc Glimcher expressed surprise but said Pace will continue to have a relationship with the artist.

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trending_up market schedule Aug 6, 2025 visibility 14 link 2 artists, 2 galleries

lauren quin joins pace gallery 1234748985

Los Angeles-based painter Lauren Quin has joined Pace Gallery, following the closure of her previous gallery Blum & Poe earlier this summer. Her first exhibition at Pace's Los Angeles space is scheduled for 2026, and her work will also appear in the gallery's booth at Frieze Seoul next month. Quin, known for densely layered abstractions, has been on a rapid ascent since earning her MFA from the Yale School of Art in 2019, with her paintings held by major institutions including the Museum of Contemporary Art in Los Angeles, the Walker Art Center, and the Hirshhorn Museum. Pace founder Arne Glimcher, a longtime supporter, gave Quin a solo show at Pace-affiliated 125 Newbury in 2024, which she credits as a turning point in her practice.

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article news schedule Jul 8, 2025 visibility 17 link 13 artists, 4 galleries

paint drippings art industry news jul 7 2664592

This week's art industry news covers major auction results, gallery changes, and restitution developments. At Christie's Old Masters evening sale in London, Canaletto's "The Return of the Bucintoro on Ascension Day" set a new auction record for the artist at £31.9 million ($43.9 million), leading the sale to a total of £60.8 million. Sotheby's Old Masters evening sale brought in £14.5 million, with three new records including Diana de Rosa's "Salome with the Head of Saint John the Baptist" selling for £317,500. A rare early watercolor by Man Ray, "Nude Playing Musical Instrument" (1913), resurfaced after decades and will be auctioned at Dreweatts. In gallery news, Blum gallery laid off most of its staff and plans to cease brick-and-mortar operations, while Waddington Custot announced a new Paris space, and Company Gallery hired Subhas Kim Kandasamy as executive director. White Cube now represents Firenze Lai, and JD Malat Gallery launched a new initiative for UAE artists. In restitution, the Netherlands returned 119 Benin Bronzes to Nigeria, and the Museum of Fine Arts, Boston, transferred two Benin works to the Oba of Benin.

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article news schedule Apr 25, 2026 visibility 44 link 14 artists, 4 galleries

LA’s The Box Gallery to Close After 19 Years

The Box, a prominent Los Angeles gallery, announced it will close after 19 years, with its final exhibition—a two-venue collaboration with Parker Gallery for late California artist Wally Hedrick—ending April 4. The closure will be marked by a fashion show for Johanna Went on June 6. Founder Mara McCarthy cited a combination of factors, including changing economics around support for her father Paul McCarthy's work and the loss of her family's homes in the January 2025 Eaton fire, as making continued operation impossible.

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trending_up market schedule Jan 13, 2026 visibility 20 link 15 artists, 1 gallery

berlin mehdi chouakri gallery temporary pause 1234769671

Berlin’s Galerie Mehdi Chouakri announced a temporary pause from exhibitions after nearly thirty years and around 250 shows. Owner Mehdi Chouakri cited personal reasons and the increasing demands of the traditional primary market model. The gallery will continue to represent its estates and living artists through collaborations, and may mount a new exhibition as soon as fall 2025. The pause follows a difficult year for galleries globally, with several high-profile closures and retrenchments.

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trending_up market schedule Aug 27, 2025 visibility 19 link 9 artists, 3 galleries

gladstone gallery peter saul venus over manhattan 1234749788

Gladstone Gallery has secured U.S. representation of Peter Saul, the 91-year-old painter known for his garish satirical canvases, and appointed Anna Christina Furney, formerly a partner at Venus Over Manhattan, as director. Saul will continue to be represented in the U.S. and UK by Michael Werner Gallery. Furney had represented Saul for 14 years at Venus Over Manhattan, which recently closed after founder Adam Lindemann announced he would shutter the gallery and return to being a collector.

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trending_up market schedule Jan 10, 2026 visibility 17 link 9 artists, 1 gallery

robert colescott market 2732463

The article examines the posthumous market resurgence of painter Robert Colescott, who died in 2009. After his commercial profile faded, Los Angeles dealer Tim Blum and his gallery Blum & Poe began working with the artist's estate in 2017, staging five solo shows and rescuing a disorganized estate with works stored in shipping containers in Arizona. Major auction prices followed, including a record $15.3 million for 'George Washington Carver Crossing The Delaware' in 2021. In 2024, after Blum & Poe closed, Gladstone Gallery took over representation. A current exhibition at the Tacoma Art Museum, 'The One-Two Punch: 100 Years of Robert Colescott,' runs through March 29.

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trending_up market schedule Jul 4, 2025 visibility 16 link 14 artists, 4 galleries

blum a market force for three decades will close galleries 2663456

Blum gallery, a powerhouse with locations in Los Angeles and Tokyo, is closing its brick-and-mortar operations after 31 years. Founded as Blum and Poe in 1994, the gallery laid off most of its staff and will transition to a flexible studio model with no permanent public space or formal artist roster. The gallery represents high-profile artists including Yoshitomo Nara and Mark Grotjahn, whose works have sold for over $10 million. Co-founder Jeff Poe left the partnership two years ago, leaving Tim Blum in control alongside managing partner Matt Bangser.

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person people schedule Aug 12, 2025 visibility 15 link 4 artists, 1 gallery

matt bangser art intelligence amy cappellazzo 1234749236

Matt Bangser, a longtime director at Blum gallery (formerly Blum & Poe), will join Art Intelligence Global (AIG) as senior director on September 8. Bangser spent 16 years at Blum overseeing global sales and securing major estates like Robert Colescott, and previously held senior posts at Van de Weghe Fine Art, Phillips, and Christie's. His move follows the closure of Blum's Los Angeles and Tokyo galleries last month, when founder Tim Blum announced he was leaving the traditional gallery model. AIG co-founder Amy Cappellazzo said Bangser's experience across galleries, auction houses, and artist studios made him a rare hire.

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trending_up market schedule Jul 17, 2025 visibility 19 link 11 artists, 1 gallery

adam lindeman to close venus over manhattan 1234747091

Adam Lindemann, a collector-turned-dealer, announced he will close Venus Over Manhattan, the New York gallery he founded 14 years ago. The gallery's final exhibition, a solo show for painter Susumu Kamijo, will run until July 18. Lindemann revealed the decision in an opinion piece for Artnet News, citing the challenges of straddling the roles of collector and dealer, as well as the politics of art fairs. He plans to return to collecting full-time.

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article news schedule Jul 31, 2025 visibility 20 link 18 artists, 1 gallery

Blum Gallery’s Sudden End Shocked the Art Industry. What Happened?

On July 1, 2025, Tim Blum, the powerhouse Los Angeles dealer behind Blum Gallery, announced the sudden closure of his gallery after a 35-year run. The closure includes his Culver City headquarters, his Tokyo space, and a planned Tribeca location that will no longer open. Blum publicly framed the decision as a voluntary "sunset" due to systemic industry issues like over-expansion and burnout, but interviews with artists and staff reveal a more chaotic reality: the closure blindsided employees and artists, many of whom learned about it from news reports or a last-minute staff meeting that excluded Tokyo staff. Sources cite weak sales at Art Basel and Art Basel Hong Kong, poor business decisions—including buying out partner Jeff Poe and renovating a costly New York space—and a lack of severance or transition time as underlying factors.

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trending_up market schedule Jun 18, 2025 visibility 17 link 17 artists, 6 galleries

What does a so-called ‘buyer’s market’ look like at Art Basel?

At Art Basel 2025, a consensus has emerged among dealers and advisers that the fair represents a 'buyer's market,' characterized by slow sales, modest expectations, and increased negotiating power for collectors. Galleries are offering discounts of 20-30% below asking prices, particularly for works under $1 million, though open discussion of discounts remains taboo in Switzerland. Some dealers, like Tim Blum of Blum gallery, acknowledge a paradigmatic shift, with galleries adapting by focusing on established artists and estates, while still seeing demand for reasonably priced younger artists.

newspaper The Art Newspaper open_in_new Read original

museum exhibitions schedule Aug 6, 2025 visibility 10 link 28 artists, 8 galleries

the critics table aspen artweek diary matthew barney

The article is a first-person diary of an art critic's trip to Aspen for ArtWeek, centered around Matthew Barney's performance "TACTICAL parallax" (2025) at the Aspen Art Museum. The author navigates travel delays, attends the dress rehearsal, and participates in a whirlwind of events including the Aspen Art Museum's AIR festival, a public conversation with artist Issy Wood, and dinners with art-world figures like MoMA board president Sarah Arison and artists Paul Chan and Aria Dean. The narrative weaves personal observations with the broader art scene in Aspen, touching on themes of the American West and contemporary art.

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trending_up market schedule Mar 16, 2026 visibility 16 link 5 artists, 2 galleries

after 35 years in business galerie francesca pia becomes latest dealership to fold amid market downturn 1234758348

Galerie Francesca Pia, a fixture of the Swiss art scene for 35 years, has announced it will close its doors at the end of October. Founded in Bern in 1990 before moving to Zurich's prestigious Löwenbräukunst-Areal district, the gallery will conclude its operations following a final exhibition with American artist Wade Guyton. The closure marks the end of a significant tenure for a dealership that was a regular participant at Art Basel for over two decades.

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trending_up market schedule Mar 16, 2026 source 2 sources visibility 27 link 7 artists, 2 galleries

London’s Timothy Taylor to Close New York Outpost After a Decade

London gallery Timothy Taylor will close its New York outpost next month after nearly a decade of operation. The gallery cited current market conditions and the high costs of maintaining a second permanent space as reasons for the consolidation, though it will maintain an office and viewing room in the city.

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article news schedule Jul 8, 2025 visibility 12 link 8 artists, 8 galleries

tim blum gallery closure

Tim Blum, co-founder of the influential Los Angeles gallery Blum & Poe, announced the closure of the gallery last week. Blum, who took over after Jeff Poe left the business in 2023, cited personal burnout and a system-wide problem of over-expansion as reasons for the decision. In an interview with CULTURED editor-in-chief Sarah Harrelson, Blum reflected on his 35-year career, his role in building LA into an art-market capital, and his plans to stay involved in the art world in a new, alternative form.

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article news schedule Jul 17, 2025 visibility 12 link 5 artists

tim blum unplugs from the gallery machine 1234746678

Tim Blum, co-founder of the influential Blum & Poe gallery, is stepping away from the traditional gallery model after more than 30 years. He told ARTnews that the decision was driven by burnout with the relentless cycle of art fairs, openings, and obligations, not by financial strain. His Tokyo and Los Angeles locations will close after summer exhibitions, and a planned New York space may not open as a conventional gallery. Blum will instead pursue a more flexible model involving special projects and collaborations, while continuing to buy and sell art personally.

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article news schedule Jul 18, 2025 visibility 11 link 2 artists

guggenheim asher legal brawl reactions 1234747784

A bitter legal battle has erupted between prominent art advisors Barbara Guggenheim and her former partner Abigail Asher, whose firm Guggenheim Asher Associates (GAA) has collapsed. Guggenheim accused Asher of misusing firm funds for personal expenses and claiming up to $20.5 million in future commissions. Asher countersued, alleging Guggenheim stole money for personal costs including her husband's funeral, bullied her, and encouraged her to build a relationship with convicted sex offender Jeffrey Epstein. The dispute has drawn widespread attention in the art world, with collector Sylvain Levy calling it a moment of reckoning for an industry built on trust and discretion.

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trending_up market schedule Jul 2, 2025 visibility 14 link 5 artists, 1 gallery

Tim Blum will phase out traditional gallery model, close Los Angeles and Tokyo locations

Tim Blum, co-founder of the influential Los Angeles gallery Blum (formerly Blum & Poe), announced he will phase out the traditional gallery model, closing the gallery's permanent public spaces in Los Angeles and Tokyo. Blum cited burnout from the relentless demands of art fairs and gallery openings, emphasizing the decision is about the system, not the market. The gallery, which introduced American audiences to Japanese artists like Yoshitomo Nara and Takashi Murakami and gave early shows to Mark Grotjahn and Anna Weyant, will shift to a more flexible model involving collaborations and special projects. A previous New York space closed in 2023, and a Tribeca space's future remains undetermined.

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article news schedule Aug 3, 2025 visibility 11 link 3 artists

blum staffers speak closure ex art basel boss slams art financialization 1234748683

Tim Blum, founder of Blum Gallery, announced the closure of his gallery in early July, citing systemic problems and burnout. However, former employees and artists have since spoken out, claiming they were blindsided by the decision and criticizing the lack of notice, severance, and transparency. Some sources allege that poor business decisions, including a buyout of partner Jeff Poe and costly renovations in a shaky economy, contributed to the closure, while others dispute Blum's claims of strong sales at Art Basel. Separately, a bipartisan Senate bill seeks to extend a 2016 law aiding Holocaust victims in reclaiming Nazi-looted art, but major museums are pushing back, arguing the law unfairly hinders their ability to defend claims.

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trending_up market schedule Jul 15, 2025 visibility 14 link 2 artists, 2 galleries

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.

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trending_up market schedule Jul 22, 2025 visibility 12 link 4 artists, 3 galleries

dog days art market 2668911

The article reports on a severe downturn in the art market during summer 2025, with gallery closures, declining auction sales, and widespread pessimism. Notable dealers Tim Blum and Adam Lindemann have shut their galleries, and a survey by France's Professional Committee of Art Galleries (CPGA) found 85% of respondents pessimistic about the sector's economic health, with turnover down 6% in 2024. The Art Dealers Association of America (ADAA) canceled its October Art Show in New York, and some dealers are considering small business loans to cover costs. Meanwhile, galleries like Goodman Gallery are embracing e-commerce to adapt.

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trending_up market schedule Dec 18, 2025 visibility 29 link 12 artists, 11 galleries

Five forces that reshaped the art market in 2025

In 2025, the art market faced significant challenges, including gallery closures and unfavorable auction results in the first three quarters, driven by geopolitical pressures such as US President Donald Trump's tariffs. However, a rebound occurred in autumn, with buoyant fairs like Frieze London and Art Basel Paris, and strong November auctions in New York totaling over USD 2 billion, carrying momentum to Art Basel Miami Beach. Key events included Gustav Klimt's *Portrait of Elisabeth Lederer* selling for USD 236.4 million at Sotheby's, a record for a Modern work, and a Frida Kahlo self-portrait setting a new record for a work by a woman. Meanwhile, several galleries closed, including Blum, Venus Over Manhattan, Clearing, Kasmin Gallery, Tilton Gallery, and Perrotin and Pace's Hong Kong outposts, while others expanded, such as Thaddaeus Ropac in Milan and Hauser & Wirth in Sicily.

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trending_up market schedule Aug 7, 2025 visibility 19 link 10 artists, 7 galleries

‘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.

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museum exhibitions schedule Jul 30, 2025 visibility 15 link 15 artists, 2 galleries

‘Slowing the process down’: how a bohemian Somerset art gallery is forging its own path

Close gallery, founded in 2009 by curator and art advisor Freeny Yianni in the grounds of her 17th-century home near Hatch Beauchamp, Somerset, is expanding its operations. Yianni, who previously worked at Lisson Gallery and helped Grenville Davey win the Turner Prize, recently hired sales director Richard Scarry, formerly of Coates and Scarry in Bristol. The gallery's current exhibition features previously unseen works by British abstract artist Jane Harris (1956–2022), shown both in Somerset and at a new London project space in Marylebone. Upcoming plans include presenting a monumental sculpture by Simon Hitchens at Frieze Sculpture in Regent's Park.

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trending_up market schedule May 6, 2026 source 2 sources visibility 16 link 3 artists, 2 galleries

Art Market Auctions Recovered Late 2025, But Not A "Comeback" – Citi Wealth

Citi Wealth's report, "State of the Art Market 2026: Don’t Call It A Comeback," finds that the global art market entered 2026 with renewed optimism, but confidence is highly selective and concentrated at the high and accessible ends. The November 2025 Modern and Contemporary Art auctions in New York surged 77% year-on-year to $2.2 billion, driven by the record-breaking $236.4 million sale of Gustav Klimt's *Portrait of Elisabeth Lederer* from the Leonard Lauder collection. However, numerous galleries closed in 2025, including BLUM gallery and Venus Over Manhattan, and traditional hubs like London and New York face slow growth while emerging regions gain influence.

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trending_up market schedule Aug 15, 2025 visibility 14 link 8 artists, 1 gallery

The Slow Death of the Contemporary Art Gallery

The article reports on the decline of the traditional contemporary art gallery model, driven by rising rents, changing collector behavior, and the rise of new artist categories. Tim Blum closed his Blum & Poe galleries in Los Angeles and Tokyo, citing systemic issues rather than market conditions. Art Basel and UBS data show the art market shrank overall but the number of sales increased, indicating a shift toward mid-priced works. Collectors are moving away from "blue-chip" artists toward "red-chip" artists who gain value through viral hype and cultural relevance, exemplified by Olaolu Slawn's accessible solo show at Saatchi Yates. Celebrities like actor Adrien Brody are also entering the market, though his work has been criticized as derivative. Meanwhile, smaller galleries like Tiwa Gallery, Landdd, and Marta are thriving by focusing on genuine connection, and retail spaces like Gentle Monster and Dover Street Market are blending art with commerce.

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trending_up market schedule Jul 10, 2025 visibility 13 link 3 artists, 2 galleries

Influential New York gallery Venus Over Manhattan will close after 13 years

Prominent collector and dealer Adam Lindemann is closing Venus Over Manhattan, the New York gallery he founded in 2012, after 13 years. The gallery's final exhibition, Susumu Kamijo's 'Fish & Flowers,' opened in June and will close on July 17. Lindemann announced the closure in an open letter published on Artnet, citing a desire to return to building his personal art collection and describing the difficulties of navigating the art world as both a dealer and collector.

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trending_up market schedule Dec 2, 2025 visibility 11 link 1 artist

adaa cancels 2025 edition the art show 1234747717

The Art Dealers Association of America (ADAA) has canceled the 2025 edition of its flagship art fair, The Art Show, which was scheduled to open with a benefit preview on October 28 at the Park Avenue Armory. In an email to members, ADAA leadership cited a “strategic pause” and said the board made the decision after careful review, with plans to reimagine the fair for long-term sustainability. Exhibitors who submitted deposits will be contacted about reimbursement options, and the fair is expected to return in 2026 with a renewed vision.

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