The art market slump, the artist freed in the US-Russia prisoner swap, Max Ernst in Paris

The Week in Art is back. In this first episode of the season: on Tuesday it was reported in the Financial Times that Sotheby’s core earnings are down 88% in the first half of this year. This is the latest evidence to suggest that the art market may be in a far more serious economic rut than its major players have previously indicated, after disappointing sales and job cuts at the major auction houses, as well as closures and layoffs in the world of commercial galleries.

In the September issue of The Art Newspaper, Scott Reyburn suggests that the art market could be entering a new era, and he joins our host Ben Luke to explain why.

We then talk to Sasha Skochilenko, the artist who was freed in the prisoner exchange between Russia and the US in August, about her activism, arrest and incarceration as well as her experience of the swap and the art she has made since.

And this episode’s Work of the Week is The Angel of Hearth and Home, made by Max Ernst in 1937, and later renamed by the artist as The Triumph of Surrealism. The painting is part of the major travelling show marking the 100th anniversary of the first Surrealist manifesto, which makes its stop from this week at the Centre Pompidou, in Paris (sponsored by Mirabaud Group). Our associate digital editor, Alexander Morrison, went to Paris to talk to Didier Ottinger, the co-curator of the exhibition.

• Sasha Skochilenko: skochilenko.ru
• Surrealism, Centre Pompidou, Paris, until 13 January 2025 (sponsored by Mirabaud Group); Fundación MAPFRE, Madrid, Spain; 4 February-11 May 2025; Hamburger Kunsthalle, Hamburg, Germany, 12 June-12 October 2025; Philadelphia Museum of Art, Philadelphia, US, end of 2025-beginning of 2026.
• You can hear our discussion about the centenary of the first Surrealist manifesto with the Surrealism expert Alyce Mahon on the episode of this podcast from 23 February this year.

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