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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
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