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Home»Art Market
Art Market

A $50 M. Picasso in Paris, and Gagosian’s Biggest Pet Peeve: Industry Moves for October 22, 2025

News RoomBy News RoomOctober 23, 2025
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Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday.

Happy Wednesday! Here’s a round-up of who’s moving and shaking in the art trade this week.

Industry Moves

  • Freeman’s | Hindman Expands Trusts & Estates Team Across US: New regional appointments include Cori Pickett in Scottsdale, Gus Dangremond in New York, Samira Farmer in Denver, and Caroline Baker Smith, who is now VP in Boston.
  • Alison Jacques to Represent the Pacita Abad Estate: The gallery joins Tina Kim and Silverlens in managing the artist’s legacy, with a solo show slated for 2027.
  • Gladstone to Represent Celia Paul in New York: Working in partnership with Victoria Miro in London, the gallery will debut her work at Art Basel Paris this week ahead of a solo show in May 2026.
  • Rodder Takes on Wyatt Kahn: A solo show by the artist opened September 18, marking the gallery’s inaugural exhibition.
  • Kaufmann Repetto Adds Bice Lazzari to Its Roster: A retrospective for the Italian modernist opens this week at Palazzo Citterio in Milan and will travel to Rome. A catalogue raisonné will be published in 2026. 
  • Gagosian to Represent the Estate of Richard Diebenkorn: A career-spanning exhibition opens November 8 at the gallery’s Madison Avenue location, curated with the Richard Diebenkorn Foundation, reportsARTnews’s Daniel Cassady.

The Big Number: $50 M.

That’s the price of the top work in Nahmad Contemporary’s presentation of Pablo Picasso paintings at Art Basel Paris. That price is also the highest price yet reported for a work at the fair. Nahmad wouldn’t say which Picasso carries that price—there are nine on offer in the booth—but it feels like a safe bet that it is the 1941 work Femme au corsage bleu (Dora Maar). While this work last sold at Sotheby’s New York in 1989 for $1.8 million, a portrait of Dora Maar produced during the same time period sold at Christie’s New York in 2017 for $45 million. 

Read This

Larry Gagosian doesn’t give a lot of interviews, but when Vanity Fair comes calling, one does pick up the phone. For the magazine’s November Art issue, Gagosian submitted himself to the Proust Questionnaire. While it isn’t revelatory, it is fun. Who knew Gagosian most identified with Casanova? (One could have guessed.) Or that his greatest pet peeve is when there are “not enough chocolate chips in a scoop of chocolate chip ice cream.” Same, Larry, same. Who is Gagosian’s favorite writer, you wonder? Sure, he throws noir master Raymond Chandler in there, but also Emma Cline, who wrote the Hamptons sensation The Guest, which Gagosian claims she wrote while staying in his guest house. I suppose I, too, would enjoy a book micro-targeted to me.—Harrison Jacobs, Executive Digital Editor

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