Things We Appreciate
Last week, the art world witnessed an extraordinary display of financial transactions as approximately $2.2 billion worth of art changed hands in a series of evening auctions. This massive exchange has reinvigorated discussions around the health of the art market amidst a series of contrasting opinions. As auction houses and art market media herald this as a resurgence of a once-slumping market, important voices in the field raise pertinent critiques.
Artist Damien Davis provides a critical perspective, suggesting that the glossy facade of high-profile auctions masks deeper systemic issues within the art world’s infrastructure. For the majority of artists, especially those who aren’t aligned with high-ticket sales, the reality remains challenging. Despite a seemingly robust exterior, the art market continues to grapple with fundamental problems, including the disproportionate distribution of wealth and opportunities.
Veteran art dealer Marc Straus offers additional insights, arguing that reports of a recovery are misleading. According to Straus, the closure of more than 60 galleries in recent years, particularly those just starting out, highlights vulnerabilities that these high-profile sales do not address. The reverberations of these closures can significantly affect the cultural fabric of the art community, posing a threat to diversity and innovation in the field.
Meanwhile, the tumultuous times do not stop the celebration of art’s simpler joys. In the spirit of Thanksgiving, a list of “25 Things We’re Grateful for in the Art World” captures moments and entities that continue to spread positivity, from small gestures, like the presence of gallery dogs, to generous grants that support artists unconditionally.
The week also saw significant cultural news developments, with the U.S. announcing its representative for the 2026 Venice Biennale, sparking lukewarm reactions. In contrast, New York’s incoming Mayor-Elect Zohran Mamdani has already begun assembling his arts and culture transition team, reflecting the ongoing evolution of art’s role in society.
Critically, art commentary continues bravely. John Yau revisited pioneers of abstract art, applauding their daring innovations. At the other end, Max Blue provided a scathing critique of KAWS’ commercialized exhibition at SFMOMA, while Tulsa Kinney explored R. Crumb’s introspective exhibition. On a somber note, the art community mourned the passing of influential artist Llyn Foulkes.
These events remind us that the art world is a dynamic ecosystem where triumphs and tribulations coexist. As we navigate through these complexities, it remains essential to acknowledge the various narratives that shape this vibrant industry.