The Met is Finally Treating Lee Krasner as Pollock’s Equal—Will the Market Follow?

The Metropolitan Museum of Art has announced a major upcoming exhibition titled "Krasner and Pollock: Past Continuous," which aims to present Lee Krasner and Jackson Pollock as artistic equals. While the museum's narrative seeks to reframe Krasner as a formidable figure of the New York School on her own terms, the art market continues to reflect a significant valuation gap. Pollock’s auction record stands at over $61 million, while Krasner’s peak public sale remains just under $12 million, highlighting the persistent commercial struggle for female Abstract Expressionists.

Unseen George Condo Works Arrive at Auction From Anna Condo’s Collection

Anna Condo, the former wife of American painter George Condo, is bringing 27 previously unseen works from her private collection to auction at Christie’s. The collection, which includes paintings, drawings, and sculptures acquired during their 28-year marriage, will be featured in the Post-War and Contemporary Art day sale on May 21. These works have never been exhibited or sold publicly, offering a rare glimpse into the artist's private creative output between 1988 and 2017.

In Paris, Highly Mobile Gallerists

À Paris, des galeristes très mobiles

The Parisian art scene is experiencing a significant wave of gallery expansions and relocations across both the Right and Left Banks. Major developments include Kamel Mennour acquiring the former Malingue gallery space on Avenue Matignon for secondary market masterpieces, and Christophe Person moving from the Marais to a redesigned space on Rue du Bac with the backing of collector Jean Claude Gandur. Other notable moves include London-based Waddington Custot opening a Parisian branch, Singapore's Cuturi Gallery settling in the Palais-Royal, and Vincent Sator inaugurating a new space in the David Chipperfield-designed Morland Mixité Capitale complex.

Irene Monat Stern | Untitled (circa 1970s) | Available for Sale

The estate of Irene Monat Stern has made the painting 'Untitled' (circa 1970s) available for sale, highlighting the artist’s unique contribution to the Color Field movement. A Holocaust survivor who settled in Southern California, Stern developed a signature technique of staining unprimed canvas with acrylics to create organic, blossom-like forms. Her work is characterized by a sense of weightlessness and spatial depth that distinguishes her from contemporaries like Morris Louis and Helen Frankenthaler.

Collector Jennifer Gilbert Is Selling Modernist Masterpieces to Fund Her New Arts Space

Jennifer Gilbert, the Detroit-based entrepreneur and philanthropist, is auctioning a selection of Modernist masterpieces from her private collection to fund Lumana, a new nonprofit arts organization. The sales, scheduled for May and June at Sotheby’s New York, include high-profile works by Joan Mitchell and Kenneth Noland, with an overall fundraising goal exceeding $10 million.

How Entertainment Exec Hassan Smith Built an Art Collection Championing Black Artists

Entertainment executive Hassan Smith has curated a deeply personal art collection in his North Atlanta home that bridges historical mastery with contemporary Black identity. His holdings range from a 17th-century Rembrandt drawing in the kitchen to iconic photography by Gordon Parks and contemporary works by artists like Ferrari Sheppard and Derek Fordjour. The collection is characterized by its integration into daily family life, featuring a Basquiat-inspired aesthetic that begins at the front door.

Sotheby’s Sued by Cushman and Wakefield Over Unpaid $10.2 Million Commission

Real estate brokerage Cushman and Wakefield has filed a lawsuit against Sotheby’s, alleging the auction house failed to pay a $10.2 million commission following the $510 million sale of its former York Avenue headquarters to Weill Cornell Medicine. The broker claims that under a 2023 agreement, they were entitled to a 2-percent fee if the medical school transitioned from a tenant to a buyer, a deal that was finalized in 2025. Sotheby’s has dismissed the lawsuit as "baseless," asserting they will be vindicated in court.

Latin American Art: Structural Growth between Market and Institutions

Latin American Art: Structural Growth between Market and Institutions

Latin American contemporary art is experiencing structural growth and increased global visibility between 2024 and 2026, moving beyond speculative trends toward deep-seated institutional legitimacy. This shift is highlighted by the prominent inclusion of regional artists in major international platforms, most notably the 2026 Venice Biennale and the Pinault Collection. Key figures such as Rosanna Paulino, Adriana Varejão, and Paulo Nazareth are leading this movement, utilizing diverse media to explore themes of post-colonialism, racial violence, and ecological memory.

Monet painting auctioned in France for more than 10 million euros

Monet-Gemälde in Frankreich für mehr als 10 Millionen Euro versteigert

A recently rediscovered landscape painting by Claude Monet, titled "Vétheuil, effet du matin" (1901), sold for €10.2 million at a Sotheby’s auction in France. The sale exceeded its initial estimate of €6 million to €8 million and set a new record for a Monet work sold at auction within France. A second work, "Les îles de Port-Villez" (1883), also outperformed expectations, fetching €6.45 million during the same event.

Hong Kong Art Gallery Kwai Fung Hin Opens First Overseas Outpost In Singapore

Hong Kong’s Kwai Fung Hin gallery has expanded internationally for the first time, opening a new outpost at 30 Beach Road in Singapore. Founded by former banker Catherine Kwai in 1991, the gallery specializes in 20th-century modern and contemporary art with a focus on cultural heritage. The new space launched with an exhibition titled “Worlds beyond Reality – Monet’s Legacy II,” featuring a masterpiece by Claude Monet alongside works by Zao Wou-Ki and Chu Teh-Chun.

Consonni Radziszewski Launches With a Three-City Footprint

Dealers Matteo Consonni and Dawid Radziszewski have merged their respective galleries, Madragoa in Lisbon and Galeria Dawid Radziszewski in Warsaw, to form a single entity: Consonni Radziszewski. The new gallery launched with a third physical space in Milan, timed to coincide with the city's art week and the Venice Biennale. This merger follows a three-year period of collaboration on art fair booths and joint artist representation, specifically for photographer Joanna Piotrowska.

Sun, Sea, and Security

"Sonne, Meer und Sicherheit"

The Art Cologne Palma Mallorca art fair has emerged as a strategic hub for wealthy German collectors, positioning the Mediterranean island as a safe and accessible alternative to more volatile global markets. While sales have been strongest in the lower price segments, the fair's revival highlights a trend toward 'lifestyle' art events that prioritize security and leisure. Simultaneously, the German art market faces a broader crisis of regionalization, where galleries are increasingly focusing on local buyers despite declining overall sales and a lack of transformative economic growth.

Ax Swings Following Artsy/Artnet Consolidation as Top Reporters Are Laid Off

Major layoffs have hit Artnet and Artsy following their consolidation under the UK-based investment firm Beowolff Capital. The staff reductions occurred just one day after the merger announcement and include the departure of veteran Artnet News reporters Sarah Cascone and Eileen Kinsella, who both served the publication for over a decade. As part of the restructuring, Artnet will also shutter its German entity, while Andrew Russeth has been tapped to serve as interim editor.

Ocean Line, 2026 by Carrie Mae Weems

Carrie Mae Weems has introduced a new photographic work titled 'Ocean Line' (2026). The piece is being presented in multiple dimensions, ranging from 11 x 14 inches to 20 x 24 inches, through a platform that partners with elite, vetted galleries to showcase contemporary artists to a global network of collectors and advisors.

Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

Beowolff Combines Artsy and Artnet in Digital Art Market Push

Beowolff Capital has consolidated two of the art world’s digital giants, Artsy and Artnet, under a single ownership structure. While both platforms will maintain their distinct brand identities, they will begin integrating their underlying infrastructure and data systems. Jeffrey Yin, the current leader of Artsy, will take the helm as CEO of the combined entity, with Beowolff founder Andrew Wolff serving as chairman.

Artnet and Artsy Come Together Under Shared Leadership

Artnet and Artsy, two of the most influential digital platforms in the art world, have merged under a single leadership structure following a series of acquisitions by Beowolff Capital. Jeffrey Yin has been appointed CEO of the unified company, while Beowolff founder Andrew Wolff will serve as chairman. Despite the shared management, both entities will maintain their distinct branding, with Artnet focusing on market data and journalism while Artsy continues its emphasis on art discovery and e-commerce.

Bob Ross paintings will go on view at Bonhams New York.

Four original paintings by the late American television personality Bob Ross are set to go on view at Bonhams’ new U.S. flagship gallery in New York on April 22nd. These works, which Ross created during his iconic series The Joy of Painting, will be sold at the auction house's American Art sale the following day. This event marks the third installment of a larger initiative to sell 30 of Ross's works to benefit public broadcasting.

We had to make difficult decisions

"Wir mussten schwierige Entscheidungen treffen"

Investor Andrew E. Wolff has stepped down as CEO of Artnet after orchestrating a merger of the company's US operations with Artsy, another major art market platform he recently acquired. Jeffrey Yin, previously the interim head of Artsy, has been appointed as the permanent CEO of the combined entity. The restructuring involves significant layoffs, the closure of Artnet's Berlin office, and a consolidation of management teams, though both brands will continue to operate with distinct editorial voices.

What We Know—and Don’t Know—About Private Art Auctions

Artnet recently hosted a virtual deep dive into the burgeoning phenomenon of private art auctions, a trend highlighted in their 2026 Intelligence Report. Unlike traditional public sales, these events are highly curated, invitation-only affairs that prioritize discretion and control over the typical spectacle of the auction block. The discussion explored the mechanics of these sales, which often bypass public records and leave the broader market in the dark regarding final prices and buyer identities.

Artnet and Artsy Announce They’re ‘Joining Forces’ Under Shared Leadership

Artnet and Artsy have announced a strategic merger under a single leadership structure following their acquisition by Beowolff Capital. While both platforms will maintain their distinct brand identities and websites, they will now operate as a combined organization led by Artsy CEO Jeffrey Yin, with Beowolff Capital founder Andrew Wolff serving as chairman. The move aims to integrate Artnet’s industry-leading price database and journalism with Artsy’s expansive e-commerce and discovery marketplace.

Poly Auction Hong Kong concludes spring sales - Vietnam Investment Review

Poly Auction Hong Kong concluded its Spring 2026 auction series with total sales exceeding HKD 255 million, representing a 23% increase over the previous autumn season. The sales were led by Liu Wei’s 1995 masterpiece "You Like Pork?", which fetched HKD 27.6 million, and a Ming Dynasty Blue and White 'Grapes' Dish that realized HKD 24.6 million. The auction saw participation from collectors across 17 countries, with significant growth in the Modern and Contemporary Art segment, which rose over 63% compared to the prior season.

Dorothy Dehner | Dorothy Dehner - Drawing for Sculpture (1955) | Available for Sale

Alpha 137 Gallery has listed a unique 1955 work on paper by American modernist Dorothy Dehner titled "Drawing for Sculpture." The piece, executed in brown marker on found stationery from a New York manufacturer’s agent, represents a pivotal moment in Dehner’s career when she transitioned from painting to the abstract sculpture for which she became famous. The work is hand-signed and dated, reflecting her early exploration of three-dimensional forms through graphic media.

David Hockney | THE DOG SHOW (ca. 1990) | Available for Sale

An authorized David Hockney exhibition poster titled "THE DOG SHOW" (ca. 1990) has been made available for sale through MK Contemporary Ltd via the Artsy platform. The work is an offset lithograph measuring approximately 28 by 19 inches and features Hockney's signature aesthetic, including his distinct handwriting and playful use of shadows and light.

Time auction N.275 Modern and Contemporary Art & Prints

Farsettiarte has announced its upcoming online auction, Time Auction N.275, focusing on Modern and Contemporary Art and Prints. The sale is scheduled to conclude on April 18, 2026, following a bidding period that begins on March 25. Prospective buyers are advised that lots are available for viewing by appointment only at the Prato-based auction house, as no public exhibition will be held for this digital-first event.

Los Angeles Art Scene Overview

Los Angeles

The Los Angeles art scene is experiencing a significant transformation as major blue-chip galleries like Gagosian and PaceWildenstein expand their presence in the city. This shift is driven by the influx of entertainment industry wealth and a growing interest from Hollywood figures, despite a historically smaller collector base compared to New York. Key institutional developments include Eli Broad's financial interventions to stabilize MOCA and fund new building schemes at LACMA.

Hessink’s to hold inaugural Georgian art auction in Tbilisi

Hessink’s Tbilisi Auction House has announced its inaugural international auction, "Contemporary Georgian Art," scheduled for April 27, 2026, at the Museum of Modern Art in Tbilisi. The sale will feature 90 works ranging from the late Soviet era to contemporary pieces, highlighting prominent figures such as Alexander Bandzeladze and Vera Pagava alongside emerging talents. To ensure global reach, the auction will be broadcast via digital platforms including Drouot and Invaluable, preceded by a week-long public preview.

Sotheby’s Sued by Cushman & Wakefield Over $10.2 Million Commission

sothebys lawsuit cushman wakefield commission lawsuit 1234781268

Sotheby’s is facing a lawsuit from real estate firm Cushman & Wakefield over an unpaid $10.2 million commission related to the $510 million sale of its former New York headquarters at 1334 York Avenue. The brokerage claims that its work securing Weill Cornell Medicine as a tenant in 2023 paved the way for the medical school's eventual purchase of the building, triggering a contractual 2 percent fee that the auction house has allegedly refused to pay.

The Art Market Check by Melanie Gerlis

Art market specialist Melanie Gerlis has launched a new editorial series titled "The Art Market Check," produced in collaboration with Art Basel. The series features Gerlis, a prominent columnist for the Financial Times and editor-at-large for The Art Newspaper, providing expert analysis and commentary on various sectors of the global art trade throughout the annual calendar.

Tbilisi to Host the First International Auction of Georgian Modern and Contemporary Art

Tbilisi is set to host its first-ever international auction dedicated to Georgian modern and contemporary art. The event aims to showcase a diverse range of works from established masters to emerging local talents, providing a formal platform for Georgian artists to reach global collectors and investors.