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paint drippings art industry news dec 8

This week's art industry roundup covers major sales and developments across art fairs, auction houses, and galleries. At Art Basel Miami Beach, strong sales were reported, including an $18 million Warhol at Lévy Gorvy Dayan's booth, while NADA Miami featured around 140 exhibitors. The Art Dealers Association of America announced a new ADAA Fair at the Park Avenue Armory for November 2025, and Design Miami will expand to Dubai in 2027 with Alserkal. In auctions, Fabergé's 'Winter Egg' sold for $30.2 million at Christie's London, becoming the most expensive Fabergé egg ever auctioned, and Rembrandt's etching 'Arnout Tholinx, Inspector' set a world record for an Old Master print at $4.1 million. A rare 15th-century triptych also sold at Sotheby's for $7.6 million. Gallery news includes the formation of Pace Di Donna Schrader Galleries, Hauser and Wirth's acquisition of a Palermo palazzo, and several artist representation changes.

parties young artist prize 2025 mz wallace

CULTURED magazine and fashion brand MZ Wallace celebrated the 10-year anniversary of their Young Artists List with an event at (SUB)MERCER in SoHo, where they announced Iraqi-born, Los Angeles-based artist Ali Eyal as the winner of the 2025 Young Artist Prize. Eyal received an unrestricted $30,000 grant, selected by a jury of curators from the Met, the Hammer, and MoMA, for his multidisciplinary practice reflecting on violence endured during his upbringing in Baghdad.

art witt fetter young artist

Cultured magazine profiles 31-year-old artist Witt Fetter as part of its 2025 Young Artists list. Based in New York and originally from Los Angeles, Fetter is known for paintings that reimagine surreal American scenes—such as the White House Situation Room, a Titanic-shaped inflatable slide, and a false missile alert sign—bathed in a distinctive violet-blue haze. Her work has been featured at Fierman and Derosia galleries, and she describes her practice as motivated by grief, desire, and faith, often exploring the tension between personal mythology and broader cultural contexts. The profile includes her reflections on a self-portrait titled *Diana, 2022*, inspired by a photograph of Princess Diana, and her tribute to her grandfather, who taught her to paint and whose technique of using a violet undercoat she continues.