Editor’s note: This story originally appeared in On Balance, art news Newsletter about the art market and beyond. Register here Receive it every Wednesday.
Happy Wednesday! Here’s a roundup of the moves and shakers in the art trade this week.
Industry trends
François Ghebaly now represents Chere: Known for his ethereal oil paintings created from memory, the Paris-based French-Chinese painter is one of four finalists for the 2025 Marcel Duchamp Prize. His work will be on display at the Nominated Artists exhibition at the Musée d’Art Moderne in Paris through February 22nd.
The Seattle Art Museum elects five new trustees: Joanna Beitel, Martha Draves, Margaret Morris and Jordon Voss have joined the SAM Board of Directors. They are also joined by former trustee Lyn Grinstein who rejoins the board.
Gray vs. Candida Alvarez: The Chicago- and New York-based gallery will host its first solo exhibition with the abstract pioneer in fall 2027. El Museo del Barrio held its first comprehensive survey of the artist earlier this year, and Chicago-based Monique Meloche Gallery continues to represent the artist.
Khadhok – Tibetan Artist Collective Wins 2025 Rubin Museum Himalayan Art Prize: The India-based group will receive an unrestricted prize worth $30,000, the largest international prize dedicated to contemporary Himalayan art. The Rubin Museum also announced $200,000 in grants for 15 additional arts and research projects through its annual grant program.
big numbers: $19 million.
This is how much Canadian collector François Odermatt paid for Peter Doig’s 1994 painting ski jacket Wednesday evening at Christie’s in London. Completed the year Doig was nominated for the Turner Prize, the painting was acquired in 1994 by Danish collector Ole Faarup, who died earlier this year. Farup’s estate is a consignor at Christie’s. The result was a far cry from Doig’s auction record of $40 million, but the painting surpassed its $8 million presale price to reach $10.75 million—not a bad performance in today’s art market.
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We’re by no means recommending our stories, but arts journalist Tom Seymour stepped in this week to offer his top picks of the best exhibitions to see in London during Frieze, as well as his picks for the best displays at the fair. And, while the Royal Academy’s Kerry James Marshall exhibition (rightly so) gets most of the attention, Seymour writes that the exhibition should be in conversation with the Tate’s wide-ranging survey “Nigerian Modernism,” which explores a key point in the country’s recent art history through 250 works by more than 50 artists. For those who can’t make it to the Royal Academy, don’t worry, two of Marshall’s outstanding works are on display in Regent’s Park.
