The Gagosian Gallery is exhibiting a painting by the great 17th-century painter at its stand. And replaying the battle between the old masters and their […]
Art Basel closed its doors on 22 June. It’s time to take stock of a fair that had raised high hopes after two years of turmoil in the contemporary art market.
Estimated at $70 million, a bust by the Swiss artist failed to find a buyer on Tuesday 13 May. With the art market undergoing a correction, are collectors no longer willing to buy at any price?
While some markets, such as contemporary art, are struggling to rejuvenate their clientele, others are seeing a new generation of buyers emerge. This is the case with the classic car market, where recent iconic models are awakening childhood memories.
Maria Grazia Chiuri is taking over a theater in Rome. Dries Van Noten wants to promote Venetian art and craftsmanship in a Gothic palace. Meanwhile, Helmut Lang and Martin Margiela have shifted careers to become artists. Fashion can lead anywhere — provided one finds a way out.
In the United States, the closure of several emblematic galleries between July and August has sent shockwaves through the art world. It marks the end of years of euphoria when gallerists, under pressure from a highly speculative market, spent without restraint.
As Art Basel opens its doors to the public on June 19, the climate of economic and political uncertainty is making collectors cautious. While the speculative frenzy around young artists seems to have subsided, the contemporary art market is still recovering.
