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At first glance, there seems to be no end in sight to the demise of galleries. Almine Rech is closing its London gallery and liquidating its UK business, reports Melanie Gerlis in The Art Newspaper (paywall may apply): "The international gallery Almine Rech has closed its space in London's Mayfair and put its UK business into voluntary liquidation. Filings to ... read more
It's happening again: Art Cologne is making a second attempt in Mallorca. Following my initial report in Monopol and later in Artmagazine, Eileen Kinsella also reports for Artnet: "News of the expansion comes as something of a surprise, but a bright spot nonetheless, as numerous other major art fairs have ... read more
The auction results for the Karpidas collection in London are cause for celebration for George Nelson at Artnews: "The Sotheby's sale of British socialite and arts patron Pauline Karpidas's collection blew past its £53 million high estimate on Wednesday night, taking in £100 million (all prices include fees). The “white glove” result—meaning 100 per cent of lots sold—was the highest ... read more
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