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The crisis in the art market is described in figures in the new Artnet Intelligence Report (PDF). In her analysis contained therein, Katya Kazakina paints a bleak picture: "The art world finds itself in a precarious position as it moves towards the second half of 2025. It seems like not a week goes by without ... read more
Relief in New York: According to consistent reports, including those from reputable press outlets, the Armory seems to have gone well. Elisa Carollo reports in the Observer: "American collectors seem to have taken the back-to-school spirit seriously this year, with several dealers reporting a brisk and buoyant first day at the Armory Show. The New York fair—one of the city’s ... read more
An apocalyptic summer is coming to an end – thankfully. It wasn't just the temperatures across much of Europe that brought bad news. The art market also saw a spate of bad news. The number of Art Basel galleries giving up this year is steadily rising and seems set to increase over the summer.The Clearing Gallery, with locations in New York and Los Angeles (and ... read more
The auction year was ill-fated from the outset, and things only improved slightly, as the third and final part of our season review shows.Due to the weakening art business, auctioneers are looking for alternatives, as Scott Reyburn observes for the New York Times: ‘Josh Pullan, Sotheby's global head of luxury, said sales of such goods draw in wealthy clients who ... read more
The fair calendar kicks off with Art SG in Singapore, which some observers consider to be the marketplace of the future. Overall, however, the outlook does not seem so rosy, as the second part of the season review suggests.In the run-up to the third edition of the Art SG fair, Lisa Movius portrays the Singapore location in The Art Newspaper: ... read more
The art market got off to a turbulent start this year, but not necessarily with the momentum that the reduction in German VAT had promised. The first of three reviews of the past season looks back at major and minor market developments.Margaret Carrigan at Artnet (probably paywall) – artificial intelligence, a generational change and the growing importance of the Gulf ... read more