Art World Insights: Podcast, Biennial, and Louvre Heist
The Art Newspaper podcast dissects art world stories: Performa Biennial's 20th anniversary, Frieze, Louvre theft's impact, Jafa & Leckey's event, and Wayne McGregor's choreography.
Gallery Longevity: Art Market Resilience & Anniversary Exhibits
Despite market shifts, New York galleries thrive with anniversary exhibits, highlighting resilience and long-term vision. Institutional support and artist focus are key to longevity in the art world.
Speed Gallery Closing Hong Kong Space Amid Market Shifts
Speed Gallery will close its Hong Kong gallery due to declining sales, political pressure, and recession. They maintain offices in Hong Kong and Beijing, focusing on client relationships and artist support. Other galleries have also departed.
Chicago Art Scene Thrives Amidst Market Uncertainty
Chicago's art market is attracting artists despite economic headwinds. Affordable spaces and a collaborative spirit fuel growth, with events like CXW boosting local engagement and sales. Chicago art schools attract talent.
Perelman Art Claim: Fire Damage Dispute in Court
Ronald Perelman loses $400M art claim against insurers after a 2018 fire. The court found 'no visible damage' to Warhol, Ruscha, Twombly paintings, despite Perelman's assertions of lost 'spark'.
Van Gogh: Life, Art, and Controversies Explored
Explore Van Gogh's life, art market success, controversies surrounding his death, and key exhibitions. From Japanese prints to record auction prices, discover the fascinating world of Van Gogh.
Jeff Koons Returns to Gagosian Gallery
Jeff Koons rejoins Gagosian after leaving Pace in 2015. Gagosian has presented 13 solo Koons exhibitions in 20 years. This return started with the Frieze New York fair.
Blum Gallery Rethinks Model: Closing LA & Tokyo Spaces
Blum gallery is transitioning from the traditional model, closing spaces in LA & Tokyo. Cites exhaustion and a shift in the art market. Focus on partnerships and special projects.
Art Market Evolution: Challenges and New Strategies
The art market faces challenges amid a paradigm shift. New consultancies emerge, focusing on next-gen collectors, personalized service, and navigating a globalized, digitally driven landscape. Art Basel adapts to changing audiences.
EU Art Import Regulations: Impact & Challenges
New EU regulations (2019/880) impacting art imports, requiring proof of legal export for cultural goods. Increased scrutiny, potential delays, and challenges for non-EU suppliers are expected.
Gladstone & Luxembourg Art Collections at Sotheby’s Auction
Sotheby's to auction art collections from Gladstone and Luxembourg, featuring Warhol, Prince, Fontana and Pistoletto. Sales reflect confidence amidst economic uncertainty.
Basquiat’s ‘Baby Boom’ at Christie’s: $20M-$30M Estimate
Jean-Michel Basquiat's 'Baby Boom' (1982), a stylized family picture painting, heads Christie's 21st-century sale with a $20M-$30M estimate. Formerly owned by Peter Brant, it references post-WWII birthrates.
âOne auction house will fold, as will more fairsâ: experts give their art market 2025 predictions
Where there will be room for improvement is in the middle market, where current geo-political issues, the slowing down of Asian engagement and the tightening of belts in Europe has led to a softening of prices and lower sell-through rates of the day sales at the major auction houses.
Gen X are the biggest spenders on art as ‘speculative’ millennials drop back, latest UBS/Art Basel survey finds
She identifies the high end of the market, "which was so pivotal in driving sales out of contraction in 2020", as thinning out considerably, "creating a drag on growth despite more positive performance in some other lower-priced segments."
Pricking the art market bubble?
However, Michael Macauley, Sotheby's head of contemporary art in Europe, says: âWatch this space, we are expecting more to come in before the sale.â The top lot is David Hockneyâs 1968 painting from the south of France, LâArbois, Sainte-Maxime (1968) with an almost Ruscha-esque vibe to the depiction of a building with large umbrella pines in the foreground.