The art press is filled with headlines about trophy works trading for huge sums: $195 million for an Andy Warhol, $110 million for a Jean-Michel Basquiat, $91 million for a Jeff Koons. In the popular imagination, pricy art just keeps climbing in value—up, up, and up. The truth is more complicated, as those in the industry know. Tastes change, and demand shifts. The reputations of artists rise and fall, as do their prices. Reselling art for profit is often quite difficult—it’s the exception rather than the norm. This is “the art market’s dirty secret,” Artnet senior reporter Katya Kazakina wrot ..read more

Next week, the art world will descend into the Venetian Lagoon for the Venice Biennale, the most highly anticipated art event of this year. The Brazilian curator Adriano Pedrosa is at the helm of the prestigious group exhibition, which is now in its 60th edition, and his show includes more than 300 artists and collectives presented in the historic Arsenale and the Central Pavilion in the Giardini. Many of these artists, who are largely based or from the global South, are on view for the first time in these revered spaces. There are multiple ways to look at the show and its title "Foreigners Ev ..read more

Every two years, the Whitney Museum of American Art returns with its signature and much-anticipated biennial. Founded in 1931, the Whitney Biennial is one of the most historically important art events in the United States, a survey that brings together artists from throughout the country, and more recently, from around the world. Often controversial, the Whitney Biennial is viewed by art fans as more than just a show to enjoy. It is closely scrutinized as a statement about art now. Well, the 2024 edition of the Whitney Biennial has just opened here in New York, with the title “Even Better Than ..read more

Well, it is the end of March, spring has sprung, and April showers are coming in fast and furious. We're back with the monthly Art Angle Round Up, where we focus our attention on three headline-making stories that have made the rounds in the last month. This week, Art Angle hosts Ben Davis and Kate Brown are joined by Artnet brand editor William van Meter. First up is the latest from controversy-machine Damien Hirst. The former YBA enfant terrible is back in the news for fudging the dates of his signature formaldehyde animal series, which itself follows the news from a few years ago that those ..read more

A few years back, electrifying bidding wars and monumental transactions routinely had us all on the edge of our seats in the auction room, but this sort of in-room excitement now feels a long way off. Although you wouldn't necessarily know it from the triumphant post-sale press releases that are just as routinely put out by the auction houses who are keen to signal confidence in the market and, of course, in their performance. But in 2023, there's no denying that the art market finally came back down to earth. It took a breather for a combination of reasons, including rising interest rates, ge ..read more

It has been 17 years since James Fuentes first hung a shingle out under his own name. In the years since, he has carved out a unique position in the contemporary art world, representing an eclectic mix of older, sometimes overlooked artists, alongside younger, buzzier names. Prior to striking out on his own, Fuentes worked for a handful of high-profile gallerists, including Jeffrey Deitch, whose eye he first caught with an ambitious pitch for a reality television show about artists, an idea that was way ahead of its time, considering it was the early aughts. Fuentes has long been a mainstay of ..read more

On this week's episode, hosts Ben Davis and Kate Brown are joined by the newly-minted Artnet Pro editor and veteran art journalist and critic Andrew Russeth. We're thrilled to have him as a part of our team, and he's making his Art Angle debut with another edition of the Round Up, where we discuss three topics making headlines and sparking conversation in and around the art world. The first subject is the opening of The Dean Collection at the Brooklyn Museum, a show featuring the collection of Swizz Beatz and Alicia Keys titled "Giants," which is generating a lot of buzz for championing the wo ..read more

The words the “Harlem Renaissance” have immense magnetism for vast numbers of people. In art history, however, the Harlem Renaissance has often been treated as a footnote to the main story of 20th century art. It’s often been given scant attention in textbooks, and even U.S. museums have historically given more attention to European movements of the 1920s, such as French Surrealism and Russian Constructivism, than to what was happening with Black artists in their own cities. A new exhibition at the Metropolitan Museum of Art, called “The Harlem Renaissance and Transatlantic Modernism,” is out ..read more

Last month, much of the art industry was transfixed on the goings-on in a courtroom in downtown Manhattan, where the Russian businessman Dimitry Rybolovlev and a group of Sotheby’s auction house representatives were taking turns on the witness stand.  The matter at issue was artworks that Rybolovlev had purchased via the Swiss art dealer Yves Bouvier. The Russian accused Sotheby’s of conspiring with Bouvier and defrauding Rybolovlev out of tens of millions of dollars in art sales and Sotheby’s denied any wrongdoing. The works in question are masterpieces, not least of which was Leonardo d ..read more

The term “abstraction” gets thrown around a lot in the art world, usually as a vague catchall to describe an otherwise inexpressible style of painting or sculpture. Just going by the dictionary’s definition, “abstract” is described as being disassociated from any specific instance, or having only intrinsic form with little or no attempt at pictorial representation or narrative content. Today, abstract art is not in and of itself considered particularly revolutionary, it is just one of many approaches artists take in pursuit of their vision. But this wasn’t always the case, and the history and ..read more