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On the occasion of the 30th anniversary of the Armory in New York, Martha Schwendener poses the following question in the New York Times: "What do art fairs offer at this moment? Have they passed their due date? Can they assert their relevance? The current edition of the Armory has approximately 235 exhibitors from 30 countries but stresses its New ... read more
Die CHART Art Fair in Copenhagen can be imagined similar to the former Open Space in Cologne, without booths and partitions, explains Georg Imdahl in the FAZ: "It looks more like a group show, with up to three galleries sharing a room at times, so that the works of around 150 artists can sometimes only be recognised at second glance. ... read more
Julia Stellmann spoke to fair director Florence Bourgeois about the development of Paris Photo on the occasion of the event taking place at the beginning of October for the FAZ on 24 August: ‘We have kept moving, offered installations and large formats a platform and drawn attention to up-and-coming artists. We also try to enter into smart partnerships. The Maison Ruinart Prize, which was established ... read more
Zachary Small and Julia Halperin analyse whether and how the bursting of the current speculative bubble differs from previous ones in the New York Times: "The art market has been experiencing a downturn for the last few years, but the slump has been particularly acute for young artists. During the early pandemic, a speculative boom driven by a misplaced belief ... read more
Abu Dhabi is buying into Sotheby's, the investment firm ADQ announced in a press release: "Under the terms of the agreement, ADQ will acquire newly issued shares of Sotheby's to reduce leverage and support the company's growth and innovation plans. Patrick Drahi, who acquired Sotheby's in 2019, will also invest additional capital alongside ADQ and remain Sotheby's majority owner. The ... read more
The American art scene seems to be discovering the benefits of summer fairs this year in particular. Daniel Cassady enthuses about Aspen in Colorado on White Cube Gallery has replaced 38 supervisory staff, mostly artists and students, with professional security staff, reports Anny Shaw in The Art Newspaper: "In their group statement, the workers ... read more