Art News — Vasari

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Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

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This Masterpiece by Rembrandt’s Star Pupil Has a New Owner

Willem Drost's 1654 painting *Man With a Plumed Red Beret* has been acquired by the Leiden Collection, a private museum focused on Dutch Golden Age art. The sale was conducted privately through Agnews Gallery at the TEFAF Maastricht fair for an undisclosed sum, with the collection's founder calling it a "capstone acquisition."

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Art Problems: How Do I Get Gallery Representation?

Paddy Johnson, in a Hyperallergic advice column, demystifies the process for artists seeking gallery representation. She explains that galleries primarily seek artists with proven sales records to mitigate their own high financial risks, such as exorbitant rent and operational costs. Johnson advises artists to build this track record independently by selling work themselves or securing spots in low-pressure group shows, then aggressively promoting those exhibitions to demonstrate market potential to dealers.

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Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size

Dealers at the TEFAF Maastricht art fair reported strong sales, defying concerns over global unrest and geopolitical tensions that limited some collectors' travel. The fair, featuring 277 dealers from 24 countries, saw a high caliber of international collectors engaging with works ranging from monumental 18th-century sculptures to minuscule, intricately detailed pieces. First-time exhibitors and veterans alike expressed satisfaction, with one rare books dealer calling it his best year in three decades of participation.

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Van Gogh Museum Acquires Only Third Painting by a Female Artist at TEFAF

The Van Gogh Museum in Amsterdam has acquired Virginie Demont-Breton's 1887-88 painting *L'homme est en mer* at the TEFAF Maastricht fair. The work, depicting a woman and child awaiting a sailor's return, becomes only the third painting by a female artist in the museum's collection and was purchased for a sum between $543,000 and $1.1 million.

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Lost John Constable Painting Rediscovered in Texas Bound for Auction

A long-lost, large-scale oil study by John Constable for his famous painting *The Cornfield* has been rediscovered and authenticated after decades in a rural Texas museum. Scientific analysis, including pigment tests and infrared reflectography, confirmed the materials and techniques match Constable's own, leading experts to declare it the largest known study for the 1826 masterpiece. The work, which had been mistakenly cataloged as a copy, will now be auctioned by Heritage Auctions in Dallas this June.

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Van Gogh Museum Adds Rare Work by a Woman Artist to Its Collection

The Van Gogh Museum in Amsterdam has acquired a major 19th-century painting, *L’homme est en mer* by French artist Virginie Demont-Breton, for a price between €500,000 and €1 million. The museum purchased the work, which depicts a woman holding a child awaiting a sailor's return, from Gallery 19C at the TEFAF Maastricht fair, where it had been held in a private Dallas collection for two decades.

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Italy purchases rare Caravaggio painting for $34.7 million.

The Italian government has purchased Caravaggio's *Ecce Homo* for $34.7 million, preventing the 17th-century masterpiece from leaving the country. The painting, which depicts a bound Christ presented to the crowd, was sold by its private owners after its rediscovery and authentication in 2021. The state exercised its right of first refusal to match a sale agreed with an unnamed foreign buyer, securing the work for public ownership.