Frieze Los Angeles launched with significant early momentum as Endeavor CEO Ari Emanuel acquired three quilts by artist Yvonne Wells from Fort Gansevoort before VIP hours officially began. The fair's opening day saw robust activity, including the $3.7 million sale of an Ed Ruscha painting, while major galleries like Pace Prints and Opera Gallery announced strategic expansions into Los Angeles and Houston respectively.
The tenth edition of Photo London opened at Somerset House, marking a decade of growth for the UK's largest photography fair. The fair, running through May 18, has become a key event for the photography market, which has shown resilience despite broader art market declines. While global auction sales for photography dropped 5.6% in 2024 to $59 million, this was far less severe than the 27% overall art market decline, and sales volumes remained near record highs. New director Sophie Parker and cofounder Michael Benson highlighted growing interest from young collectors, though challenges remain as established galleries face an aging collector base and market uncertainty.
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.
Christie's and Sotheby's have released their projected 2025 sales results, signaling a potential recovery after three years of market contraction. Sotheby's reported total sales of $7 billion, a 17% increase over 2024, with fine art up 15% to $4.3 billion. Christie's posted $6.2 billion, a 6% rise from $5.8 billion in 2024, bolstered by $234 million from its Gooding acquisition. Notable sales include Canaletto's Venice, the Return of the Bucintoro on Ascension Day for £31.9 million at Christie's and a Gustav Klimt painting that sold for $236 million at Sotheby's.
ARTnews analyzed publicly reported sales from five blue-chip galleries—Hauser & Wirth, Pace, Thaddaeus Ropac, White Cube, and David Zwirner—at Art Basel 2025, finding a combined total over 35% lower than in 2024, around 8% below 2023, and just over 20% down from 2022. The high-water mark was $204 million in 2024, boosted by eight-figure works from Hauser & Wirth. Meanwhile, the number of artists sold by these galleries rose steadily from 109 in 2022 to 157 in 2025, indicating a shift toward broader, less concentrated inventory. Dealers reported mixed sentiments, though seven-figure deals still occurred, and some noted that market uncertainty has led to more scattershot presentations with wider price ranges.
Sotheby's London will auction a rare set of all four Shakespeare Folios—the First (1623), Second (1632), Third (1663), and Fourth (1685)—as a single lot on May 23, with a presale estimate of £3.5–4.5 million ($4.7–5.99 million). The set, assembled in 2016, is led by the First Folio, which preserved 18 of Shakespeare's plays that might otherwise have been lost. The sale marks the first time all four volumes have been offered together since a 1989 Sotheby's New York auction, which was canceled after a private offer was accepted.
Es Devlin's *The Library of Us*, a 20-foot-tall rotating bookshelf containing 2,500 books, debuted as a major spectacle during Miami Art Week. Installed on Miami Beach within a circular pool of water, the sculpture invites visitors to step onto a rotating platform, creating shifting social encounters with strangers. By day it towers over the sand, and by night it glows like a beacon. The work also includes an audio track of quotes from the books, some of which have been banned by Florida schools, and Devlin plans to donate all volumes to Miami public schools and libraries after the installation ends.
Manhattan District Attorney Alvin L. Bragg, Jr., has returned 17 rare books, collectively valued at nearly $3 million, to the heirs of John Hay and Betsey Cushing Whitney. The books were stolen from the couple's Long Island estate in the 1980s and include a bound collection of John Keats's love letters, a signed James Joyce volume, and an illustrated Brothers Grimm book. The recovery followed a tip from Manhattan book dealers in 2015, leading to search warrants executed in 2025 and 2026.
Alexander Calder, génial sculpteur de l’air et de la couleur célébré à la fondation Vuitton
The Fondation Louis Vuitton is hosting a major celebration of Alexander Calder, the American sculptor who revolutionized 20th-century art by introducing movement and play into the medium. The article traces Calder's formative years in Paris starting in 1926, where the young engineer-turned-artist gained avant-garde fame with his 'Cirque Calder'—a miniature circus of wire and fabric figurines. This period marked his transition from traditional painting to his signature 'drawings in space,' featuring wire sculptures of figures like Josephine Baker that projected dancing shadows and captured the kinetic energy of the era.
You’ll Need a Magnifying Glass to Read Some of the World’s Smallest Books at the V&A
The Victoria and Albert Museum (V&A) in London is showcasing a collection of the world's smallest books, many of which require a magnifying glass to read. The highlights include miniature volumes from Queen Mary's Dolls' House library, such as a tiny 1896 Bible, a Quran, and works by authors like Robert Burns, alongside even smaller modern creations like a 2002 book measuring just 2.4 by 2.9 millimeters.
Hans Ulrich Obrist, the prolific Swiss curator and artistic director of Serpentine Galleries, discusses his lifelong passion for books in a new interview timed to the U.S. release of his memoir "Life in Progress." Obrist reveals his daily ritual of buying a book, which has amassed an archive of over 40,000 volumes housed at LUMA Arles, and shares current reading recommendations including Kenneth O. Stanley's "Why Greatness Cannot Be Planned." He also reflects on the serendipitous origins of his Instagram Post-it note project, inspired by philosopher Umberto Eco and artist-poet Etel Adnan.
The artist Jack Milroy has launched a new solo exhibition titled 'Bibliophilia' at Shapero Modern in London, featuring his signature 3D cut-out artworks. The 87-year-old artist transforms books and everyday objects, such as sardine tins, into intricate sculptures where illustrated figures like birds and fish appear to escape their physical confines. The show marks Milroy's first collaboration with the gallery, which is uniquely situated beneath an antiquarian bookshop, providing a thematic contrast between preserved rare volumes and Milroy’s "vandalised" artistic interpretations.
The global art market saw total sales of $57.5 billion in 2024, a 12% decline year-on-year, marking the second consecutive annual drop. Transaction volumes rose 3% to about 40.5 million, driven by works under $50,000 which made up 85% of dealer sales. Sotheby's and Christie's together accounted for roughly half of global fine-art auction turnover, though both saw significant auction revenue declines. The United States led with 43% of global sales, while China's market share fell to 15%, its lowest since 2009. Online art sales grew to 18% of total value, and new buyer momentum was strong, with 44% of dealer buyers being new and 91% of high-net-worth collectors optimistic.
Christie’s will auction a Pascaline, the first calculating machine in history, developed by Blaise Pascal in 1642, at a sale in Paris on November 19. The estimate for the box decorated with ebony sticks is €2 million to €3 million. This particular model, dedicated to survey calculations, is the only one in private hands among nine surviving originals, and it remains fully functional. The auction also includes 15 volumes of Pascal’s writings, including a first copy of *Pensées* (estimate €200,000–€300,000), and works by Descartes, Newton, and others.
An exhibition opening at Frankfurt's Städel Museum focuses on Max Beckmann's drawings, featuring 80 works that trace the emergence of his hard-edged signature style. Curated by Regina Freyberger, Stephan von Wiese, and Hedda Finke, the show spans from before World War I to the artist's final years in the US, including loans from major collections. It highlights how Beckmann's drawing evolved from preparatory studies to autonomous artworks, with key pieces like a 1928 portrait of his wife Quappi and the eerie watercolor 'The Murder' (1933).
During New York's spring auction week starting May 12, 2025, major houses Sotheby's, Christie's, Phillips, and Bonhams collectively brought in $1.27 billion, slightly above the estimated $1.25 billion but down 17% from the previous year. The top lot was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) at $47.56 million, but the mood was tense as trophy works like Andy Warhol's *Big Electric Chair* (1967–68) were withdrawn and several top lots, including Alberto Giacometti's *Grande tête mince* (1955), failed to sell. Amid this volatility, 11 new artist auction records were set, five of which were for women artists, notably Marlene Dumas's *Miss January* (1999) selling for $13.65 million—the most expensive work by a living woman artist at auction.
Architect Luigi Alberto Cippini, founder of Armature Globale, engages in a provocative dialogue with Michael Abel and Nile Greenberg regarding the stagnation of contemporary architecture. Cippini calls for a radical departure from traditional disciplinary boundaries, advocating for a "punk" approach that embraces low-resolution aesthetics, hyper-specialized research, and a rejection of the pedantic communication standards that currently dominate the field.
Assouline has released a new collector's book titled "Basquiat: The World of Jean-Michel," a 348-page volume featuring over 200 artworks and archival photographs of Jean-Michel Basquiat. Priced at $1,400, the book is part of the publisher's Ultimate Collection of large-format, hand-bound volumes, and is organized thematically into six chapters covering Basquiat's depictions of heads, New York City's influence on his work, his use of silkscreens, and spiritual themes.
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Frieze Los Angeles has concluded with reports of strong sales, with some dealers noting higher transaction volumes than at Art Basel Miami Beach. This surge in activity was accompanied by a record number of satellite events, signaling a growing interest in alternative fair models and a localized boost for the Southern California art scene.
Nifty Gateway, an early NFT marketplace founded in 2018 and acquired by Gemini, will shut down on February 23 after entering withdrawal-only mode. The platform, which once reported $300 million in gross merchandise value in 2021 and partnered with Sotheby's for a $17 million NFT drop, is closing amid a sharp decline in NFT trading activity. Users must withdraw their assets by the deadline, after which they can no longer list, buy, or sell NFTs on the site.
The Institute for Primary Facts has transformed New York's Mriya Gallery into the Donald J. Trump and Jeffrey Epstein Reading Room, a pop-up exhibition displaying all 3.5 million pages of the released Epstein files in 3,437 bound volumes. Open from May 8 to May 21 in Tribeca, the installation is the group's first live project, requiring visitors aged 16 and over to book appointments via a platform called Trumpsonian. Only accredited press, Congress, law enforcement, and victims' advocates may open the volumes, due to the Department of Justice's failure to properly redact victims' names.
Christie's 20/21st Century Autumn sale in Hong Kong on 26 September generated $72.6 million, a 46% drop from the same sale last year and roughly flat compared to its March sale. Despite the decline, a Picasso painting, *Buste de Femme* (1944), set a new Asia record at HK$196.75 million ($25.4 million) after a fierce bidding war. Other top lots included Zao Wou-ki's *17.3.63* (HK$85.2 million) and Yayoi Kusama's *Pumpkin [TWAQN]* (HK$34.66 million). The sale marked the first anniversary of Christie's Asia headquarters in the Henderson building. Sotheby's and Phillips also held autumn sales that weekend, with Sotheby's totaling HK$335.7 million and Phillips achieving HK$160 million.
French authorities have dismantled a massive decade-long ticket fraud scheme involving the Louvre and the Palace of Versailles, resulting in the arrest of nine individuals, including two museum employees. The scam, which allegedly involved Chinese tour guides bribing staff to reuse tickets for multiple groups, is estimated to have cost the institutions millions of euros. Investigators have already seized nearly €1.5 million in various currencies and bank accounts as part of an ongoing judicial probe into organized fraud and money laundering.
Loyola University Museum of Art (LUMA) opened "Freedom in Form: Richard Hunt" on July 11, 2025, running through November 15, 2025. Originally planned as a celebration of the renowned Chicago sculptor's career while he was still alive, the exhibition became a posthumous tribute after Hunt died on December 16, 2023, at age 88. The show originated at the Abraham Lincoln Presidential Library and Museum (ALPLM) in Springfield, suggested by Illinois First Lady MK Pritzker, and was later brought to LUMA in Hunt's hometown. It features sculptures, maquettes, tools, his personal workbench, and over 250 books from his library of 5,000 volumes, highlighting his seven-decade career and his role as an adjunct faculty member at Loyola University Chicago.
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Art Basel Hong Kong 2026 served as a critical barometer for a shifting global art market, characterized by a move away from impulsive buying toward a more deliberate and cautious collector base. Industry experts observed that the traditional first-day frenzy has been replaced by extended decision-making timelines, as buyers navigate a complex landscape of rising logistical costs and regional economic shifts.
A coalition of seven Zurich-based artist-run collectives, led by Peter Baracchi and his nomadic platform 6½, has taken over the former Museum Haus Konstruktiv building in Zurich's Selnau district. The project, titled "Oceans Flow Upwards," occupies 1,200 square meters across five floors and expands into over 2,000 square meters by activating the cellar, offices, storage, shop, café, and rooftop. Participating collectives include Hotel Tiger, Die Diele, Papillarya, MATERIAL, volumes, and zwischentext. Baracchi, who previously worked at Haus Konstruktiv as a technician and photographer, initiated the takeover after the museum relocated to Areal Löwenbräukunst, securing temporary cultural use from the City of Zurich in March. Rather than dividing the space into separate zones, the exhibition presents a single, integrated show where artists were invited by the collectives, not selected by open call.
Lauren Laz nommée au département des œuvres des Beaux-Arts de Paris
Lauren Laz, a 47-year-old art historian specializing in prints and director of the Musée Angladon in Avignon since 2015, has been appointed director of the collections department at the Beaux-Arts de Paris. She succeeds Kathy Alliou in overseeing the school's vast holdings of nearly 450,000 works and volumes, which carry the prestigious "Musée de France" designation.
Artist Phillip K. Smith III installed "0/90/120," a site-specific work of 11 light panels, inside the historic William F. Cody house in Palm Springs, California. The installation, which ran through May, used reflective and illuminated volumes to transform the Desert Modern architect's family home, drawing the surrounding Sonoran Desert landscape indoors. Smith, who studied architecture at RISD and is known for desert-based works like "Lucid Stead" (2013) and "Reflection Field" at Coachella, created the piece to capture the rapid light changes at sunset and warp perceptions of space.
A pop-up exhibition in Tribeca, New York, has transformed Mriya Gallery into the Donald J. Trump and Jeffrey Epstein Reading Room, displaying over 3,000 bound volumes of printed Epstein files. Organized by the Washington, DC-based Institute for Primary Facts, the room holds 3,437 volumes encompassing 3.5 million pages of released documents, printed over about a month. The free exhibition runs until 21 May and requires advance booking.
Nifty Gateway, one of the earliest and most prominent NFT marketplaces, announced it will shut down on February 23, 2026, citing sharply declining activity. The platform, founded in 2018 by twins Duncan and Griffin Cock Foster and acquired by Gemini in 2019, has entered withdrawal-only mode, advising users to move their assets before the deadline. At its peak in 2021, Nifty Gateway reported $300 million in gross merchandise value, boosted by a Sotheby's partnership for a $17 million NFT drop by the artist Pak. The closure follows the collapse of the NFT boom, with trading volumes plummeting and other platforms like Async Art, KnownOrigin, and MakersPlace already shuttered.