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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
Being a mega-gallery owner does not seem to be the endgame for young professionals entering the art industry, as Tim Schneider discovered for the Financial Times (paywall may apply): "This strategy's precedents include Sadie Coles. Founded in London in the 1990s, her programme has grown to encompass around 60 artists and two permanent locations (with a new space set to ... read more
According to its website, the Taipei Dangdai art fair is taking a break after this year's edition, which took place in early May. Karen K. Ho writes in Artnews: "The event [...] is among three regional art fairs in Asia overseen by the international fair conglomerate The Art Assembly. The other two are Art SG ... read more
Handbags save the auction giant! George Nelson analyses Christie's half-year results for Artnews: "Christie's announced on Tuesday that its projected sales total for the first half of 2025 (H1-2025). The $2.1 billion figure, including fees, equals the sum it generated during the first half of 2024 (H1-2024). While last year's total marked a 22 percent year-on-year decline compared to the ... read more
Coincidence or correlation? Following Tim Blum, collector Adam Lindemann is also closing his New York gallery Venus over Manhattan. On Artnet (probably paywall), he recalls an exciting time: "We had several good fairs in Hong Kong, Miami, San Francisco, Los Angeles and London, but do you want to know the truth about fair committees? They expect you to get down ... read more
Sommer.Frische.Kunst in Bad Gastein is celebrating its 15th anniversary, this time with a miniature offshoot of the Positions art fair. Laura Ewert was there for Monopol and was impressed by the somewhat quirky event: "You have to imagine Sommer.Frische.Kunst as a school trip. It's full of fun people who initially divide themselves into artists, sellers and consumers. You go for ... read more