{"id":34520,"date":"2025-07-24T20:02:11","date_gmt":"2025-07-24T20:02:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/34520\/"},"modified":"2025-07-24T20:02:11","modified_gmt":"2025-07-24T20:02:11","slug":"old-masters-making-a-comeback-in-london-morning-links","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/34520\/","title":{"rendered":"Old Masters ‘Making a Comeback’ in London: Morning Links"},"content":{"rendered":"

\n\tTo receive\u00a0Morning Links<\/a>\u00a0in your inbox every weekday,\u00a0sign\u00a0up\u00a0for our\u00a0Breakfast with ARTnews<\/a>\u00a0newsletter.<\/p>\n

\t\tThe Headlines\t<\/p>\n

\n\tOLD MASTERS, NEW APPEAL. The ongoing challenges facing the Old Masters are no secret: attribution and condition issues, diminishing supply, younger buyers struggling to relate\u2026 essentially, they\u2019re not in vogue. However, according to the Observer, Old Masters are \u201cmaking a quite comeback in London,\u201d backed by a new collector base. It reports that long-term trends point to a price recalibration that could usher in \u201ca more democratic Old Masters market.\u201d This comes off the back of recent Old Masters evenings auctions in the UK capital that defied expectations, bringing in a combined \u00a358 million ($78 million), excluding fees, for Christie\u2019s and Sotheby\u2019s, which is a marked increase on last year\u2019s total. The category is now outperforming many others; apparently, one reason for this is because there are fewer speculators due to the art market\u2019s recent troubles. \u201cThere\u2019s less improvisation now. Buyers want security and professionalism. They expect due diligence, provenance, scholarly documentation and proper presentation. The challenge is living up to those expectations,\u201d dealer Alessandra di Castro said.\u00a0<\/p>\n

\t\tRelated Articles<\/p>\n

\t\t\t\t\t\t\"US<\/p>\n

\n\tFEE-FI-FO-FUM. Phillips<\/a>\u00a0recently announced its new fee structure, which is being billed as a \u201cfirst-of-its-kind buyer\u2019s premium structure\u201d featuring \u201cpriority bidding,\u201d the auction house said. Some in the art world, including\u00a0Puck,\u00a0are wondering if it will work. The\u00a0new structure means it will charge the highest buyer\u2019s premium of the Big Three houses on the first $1 million at 29 percent. Above the $1 million threshold, it will charge 22 percent up to $6 million, and then 15 percent on anything over that. The house is also now offering \u201cpriority bidding,\u201d where buyers who commit to the low estimate any time up to 48 hours before the live auction will pay a lower fee. \u201cWill Phillips\u2019 tweaks really create more momentum? If a buyer submits a priority bid for (or above) the estimate some 48 hours or more before the auction and has the winning bid, that buyer will pay only a 25 percent buyer\u2019s premium on the first $1 million,\u201d Puck\u00a0writes. \u201cFrom there, they\u2019ll shell out 20 percent from $1 million to $6 million, and 14 percent thereafter. If there are subsequent bids after the priority bid, but the priority bidder wins the auction, that bidder will still only pay the priority bid fee structure\u2014starting with 25 percent, not 29 percent, on the hammer price.\u201d<\/p>\n

\t\tThe Digest\t<\/p>\n

\n\tInterested in what Hilde Lynn Helphenstein, aka Jerry Gogosian, plans to do after winding down her Instagram art world commentary? \u201c[I want] to write a White Lotus or Succession of the art world,\u201d she told The Art Newspaper at Art Basel last month. \u201cBesides my creative endeavors, I want to work for MCH Group and eventually for Art Basel.\u201d [The Art Newspaper<\/a>]<\/p>\n

Art Basel Miami Beach has released its exhibitor list, but Artnet reports that \u201csome notable names are missing.\u201d They include Galerie Buchholz, Company, Pilar Corrias, Dan Galeria, DC Moore, Greene Naftali, Galerie Nagel Draxler, David Nolan, and Waddington Custot. \u201cOther shops not partaking, unsurprisingly, are the Los Angeles mainstay Blum, which announced its closure, Rhona Hoffman (ditto), and Peres Projects, which was declared insolvent in Germany in April,\u201d the outlet writes. [Artnet<\/a>]<\/p>\n

On Wednesday, several US senators proposed new legislation that would apply anti-money laundering (AML) protections to a wide number of professionals in the US art market. The bill\u2014titled the \u201cArt Market Integrity Act\u201d\u2014would amend the Bank Secrecy Act to require art dealers and auction houses to comply with AML and counter-terrorism financing regulations. It would also apply to art advisors, consultants, custodians, galleries, museums, collectors, or \u201cany other person who engages as a business as an intermediary in the sale of works of art.\u201d [ARTnews<\/a>].\u00a0<\/p>\n

London is getting a Museum of Brutalist Architecture (MoBA). A north London school hall is reportedly going to be restored to its 1960s appearance and become home to the new institution, thanks to a National Lottery Heritage Fund grant. [Ian Visits<\/a>]<\/p>\n

\t\tThe Kicker\t<\/p>\n

\n\tGET RADICAL, GET REPRESENTATION. Are you a struggling artist desperately seeking gallery representation? Art Basel Stories<\/a> might be able to point you in the right direction. It spoke to several experts for tips. In case you didn\u2019t know, gallery representation \u201ccan be crucial in securing an artist\u2019s income, visibility \u2013 and, often, their legacy too,\u201d it reports. \u201cBut artists by far outnumber galleries, and getting gallery representation can be an arduous path. So what do art dealers typically consider when they are expanding their roster?\u201d Sadie Coles, founder of the eponymous London gallery, says she \u201calways want to mount exhibitions with artists who are making the most important and radical art.\u201d Artists take note. Stefan Benchoam, who runs Proyectos Ultravioleta in Guatemala City, echoes Coles\u2019s sentiment: \u201cWe think less about the market implications, and more about that artist\u2019s ability to push and expand the canon.\u201d \u201cHowever, whatever else, when it comes to securing gallery representation, all interviewees agree: What matters most is developing a rich body of work \u2013 and that can take time,\u201d Art Basel writes.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"To receive\u00a0Morning Links\u00a0in your inbox every weekday,\u00a0sign\u00a0up\u00a0for our\u00a0Breakfast with ARTnews\u00a0newsletter. The Headlines OLD MASTERS, NEW APPEAL. The ongoing…\n","protected":false},"author":2,"featured_media":34521,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[228,226,227,229,88,11959,644],"class_list":["post-34520","post","type-post","status-publish","format-standard","has-post-thumbnail","category-arts-and-design","tag-arts","tag-arts-and-design","tag-artsanddesign","tag-design","tag-entertainment","tag-phillips","tag-trump-administration"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/34520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=34520"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/34520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/34521"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=34520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=34520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=34520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}