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One of the most significant stories in the global art world recently has been Pace Gallery’s large-scale staff reductions and restructuring of its artist roster. Across the international art community, the news was widely interpreted as a sign of crisis within the mega-gallery model.
2026.06.23
Recently, major media outlets including The New York Times, the international contemporary art platform Ocula, and ARTnews have extensively reported on the large-scale restructuring of Pace Gallery, one of the world’s leading mega-galleries. In particular, remarks by Pace CEO Marc Glimcher describing the current gallery model as not merely “broken” but effectively “unfixable” have sent ripples throughout the global art world.
2026.06.09
Fine art engages with society, the market, and institutions, but its mode of existence cannot be reduced to commodity production or the provision of services. An artist is not someone who produces works in order to satisfy the demands of a specific customer, and an artwork is not a product made to provide functional utility
2026.05.26
On April 30, 2026, all five members of the international jury for《In Minor Keys》, the 61st International Art Exhibition of the Venice Biennale, resigned just nine days before the exhibition’s opening. Led by jury president Solange Oliveira Farkas, the jury members Zoe Butt, Elvira Dyangani Ose, Marta Kuzma, and Giovanna Zapperi released a brief statement of resignation through e-flux.
2026.05.12
Over the past few years, the landscape of the Asian art market has been rapidly reshaped. Seoul has drawn increasing attention from the international art world through Frieze Seoul, Kiaf Seoul, and Seoul Art Week, while Hong Kong, despite political changes and the impact of China’s economic slowdown, continues to maintain its position as a powerful transactional hub.
2026.04.28
One of the most striking phenomena in the recent Korean art world is the rapid increase in the number of art fairs. Not only in Seoul, but across the country—in Busan, Daegu, Ulsan, Jeju, Cheongju, and elsewhere—art fairs of differing scales and characters are being held throughout the year. In April of this year alone, as many as four or five art fairs took place almost simultaneously.
2026.04.14
In capitalist society, art can no longer remain solely in an independent and autonomous realm. Today, artworks are reduced to prices within the market’s evaluative systems; their lifespan is extended or erased depending on their investment potential.
2025.08.12
“Who bought that piece?” This question often wields more power than the artwork’s intrinsic aesthetics or philosophy. In today’s art world, the collector is not merely a purchaser but a powerful actor who structures value and inscribes narrative.
2025.07.29
In the 21st century, late capitalism has evolved beyond an economy of production and consumption into a system where symbols and signs dominate value. Jean Baudrillard called this the “political economy of the sign,” where the symbolic meaning of things supersedes their material substance. In such a system, commodities are no longer just physical objects—they are bundles of signs, socially coded and ideologically charged.
2025.07.15
Fine art has always touched the deepest strata of the human spirit. It is not simply the skill of creating aesthetic objects, but the act of a living human being attempting to understand themselves. While humans have evolved by using tools, it is in writing poetry and painting images that they crossed from utility into the realm of the mind. Art was born at this very threshold, and it has defined civilization ever since.
2025.07.01
Public support was once the final bastion of art. It served as the only mechanism through which art could defend itself from the logic of the market—a space where the essence of artistic creation could be protected from the accelerating demands of capital.
2025.06.17
In today’s global art market, auctions and art fairs are no longer simply distribution channels or temporary festivities. Auctions reduce art to quantifiable numbers, while art fairs promote the rapid reproduction and immediate consumption of market-friendly works. Empowered by capital, these two forces now dictate not only the market’s direction but also the survival conditions of artists themselves.
2025.06.03
