Art News. Vasari Codex

trending_up market schedule Oct 15, 2025 source 2 sources visibility 27 link 15 artists, 5 galleries

‘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.

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hauser amp wirth owners relocate switzerland from uk 1234746659

Iwan and Manuela Wirth, owners of the global art gallery Hauser & Wirth, have relocated their permanent residency from the United Kingdom to Switzerland, where the gallery’s holding company is based. The move was registered in documents filed with Companies House this month, and the gallery confirmed to the Financial Times that the decision was for personal reasons, unrelated to tax law changes. Despite the relocation, the Wirths plan to open a new London location in 2026, and their UK gallery reported a 13 percent drop in turnover to £144 million in 2023.