person Melanie Gerlis

Comment | The market grew in 2025 but ‘interest in art is waning’

The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.

London galleries Edel Assanti and Emalin both announce expansions

London-based contemporary galleries Edel Assanti and Emalin have both announced significant expansions within the UK capital. Edel Assanti is opening a second, more intimate location in St. James’s to complement its larger Fitzrovia flagship, launching with a focused exhibition of works by Lonnie Holley. Simultaneously, Emalin is moving its primary operations from Shoreditch to a sprawling 5,000-square-foot space in Clerkenwell previously occupied by Modern Art, while maintaining its historic Shoreditch outpost.

Comment | All hail the rise of the art internship

Sotheby's auction house and Sotheby's Institute of Art, through their parent company Edconic, have launched a formalized, paid fellowship program. The initiative places 20 master's students from the Institute's New York program into 12-week paid internships at the auction house, with plans to expand to London and eventually involve 60 students. The program aims to provide practical, credit-earning work experience directly within the art market.