Vasari Art Codex

trending_up market schedule May 1, 2026 visibility 6 link 19 artists, 3 galleries

Artist Foundations’ Net Worth Has Nearly Tripled to $9 B., Led by Cy Twombly Foundation’s $1.5 B. in Art and Assets

New research from the Aspen Institute’s Artist-Endowed Foundation Initiative (AEFI) reveals that artist-endowed foundations in the U.S. now control roughly $9 billion in assets, nearly triple the $3.5 billion reported in 2011 and up 17% from $7.7 billion in 2018. The Cy Twombly Foundation leads with $1.5 billion in art and assets, followed by foundations for Alexander Calder, Joan Mitchell, Helen Frankenthaler, and Robert Rauschenberg, each holding over $500 million. The data, drawn from public tax forms, shows that just five of roughly 500 foundations account for more than half the total, with most established by postwar American artists born before 1931.

newspaper ARTnews open_in_new Read original

trending_up market schedule Apr 30, 2026 visibility 7 link 6 artists, 6 galleries

Philadelphia Is Rich With Museums and Galleries. ‘Elsewhere’ Aims to Find Out If It Can Support an Art Fair

Philadelphia gallerist Megan Galardi is launching a new art fair called Elsewhere, set to debut June 4–6 at the Yowie Hotel on South Street. The fair will feature 27 exhibitors from cities including London, New York, and Philadelphia, with seven local dealers such as Fleisher/Ollman, Blah Blah Gallery, and Fjord. Galardi, who founded Blah Blah Gallery in 2023 and has participated in small New York fairs like Spring/Break and Future Fair, designed Elsewhere as a boutique, hotel-based event that offers a lower-cost, more intimate alternative to large-scale art fairs.

newspaper ARTnews open_in_new Read original

trending_up market schedule Apr 27, 2026 visibility 15 link 5 artists, 3 galleries

$102 Million Verdict Over Robert Indiana Artwork May End Years-Long Legal Battle

A Manhattan federal jury awarded $102 million in damages to the Morgan Art Foundation in its lawsuit against art publisher Michael McKenzie, finding him guilty of making and selling unauthorized Robert Indiana artworks. The verdict, delivered on April 23, follows a complex legal battle that began just before Indiana's death in 2018, involving accusations of exploitation, fraud, and copyright infringement. McKenzie and caretaker Jamie Thomas were also accused of taking advantage of the elderly artist. The case has cast doubt on the authenticity of some late Indiana works and affected his market, with his auction record remaining at just over $4 million since 2011.

newspaper Artnet News open_in_new Read original

trending_up market schedule Apr 27, 2026 visibility 7 link 13 artists, 7 galleries

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

newspaper Artforum open_in_new Read original

trending_up market schedule May 1, 2026 visibility 4 link 4 artists, 1 gallery

Metropolitan Museum of Art Announces $23M. Gift from Top 200 Collectors Jennifer Rubio and Stewart Butterfield

Jennifer Rubio and Stewart Butterfield, both listed on ARTnews's Top 200 Collectors, have pledged $23 million to the Metropolitan Museum of Art. Rubio, founder of Away, and Butterfield, co-founder of Flickr and Slack, made the donation just two months after Rubio became a Met trustee. The gift will fund the museum's internship program, ensuring all undergraduate and graduate internships are fully paid positions, building on a previous $5 million gift from Adrienne Arsht.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 1, 2026 visibility 4 link 8 artists, 1 gallery

Botticelli under UK export ban purchased by Klesch Collection

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), valued at £10.2 million, has been purchased by the Klesch Collection, a British private collection, after the UK government placed an export bar on the work in May 2025. The painting, which sold at Sotheby’s London in late 2024 for £9.7 million, will be loaned to the Ashmolean Museum in Oxford for three years, ensuring it remains in the UK.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Apr 29, 2026 source 2 sources visibility 4 link 3 artists, 3 galleries

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 1, 2026 visibility 3 link 6 artists

Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 2, 2026 link 1 artist, 1 gallery

Lévy Gorvy Dayan Bets on Urgency With New LGD Hammer Sales Platform

Lévy Gorvy Dayan has launched LGD Hammer, a new sales platform that blends gallery exhibition with auction-style urgency. The first work offered is Willem de Kooning's *Milkmaid* (1984), estimated at $10–$15 million, which will be on view by appointment from May 2 until the sale on May 16. Gallery cofounder Dominique Lévy will serve as auctioneer, drawing on her Christie's experience, while bidding occurs by phone with online observation. Cofounder Brett Gorvy emphasized the platform is not a market overhaul but a response to slowed private sales and cautious collectors who still respond to competitive pressure.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 2, 2026 link 13 artists, 5 galleries

Dallas Museum of Art acquires six works at 2026 Dallas Art Fair

The Dallas Museum of Art acquired six works from the 2026 Dallas Art Fair, held April 16–19 at the Fashion Industry Gallery in the Dallas Arts District. The acquisitions, made possible by the Dallas Art Fair Foundation + Dallas Museum of Art Acquisition Fund, include pieces by Nicole Eisenman, Gloria Klein, Caroline Monnet, Hasani Sahlehe, and Raymond Saunders. Selections were made by DMA curators including Dr. Vivian Li, Ade Omotosho, Dr. Emily Friedman, Dr. Nicole R. Myers, and director Brian Ferriso. This marks the tenth year of the fund, which has added 78 works to the museum's permanent collection since 2016 through over $1 million in donations.

newspaper NBC 5 Dallas-Fort Worth open_in_new Read original

trending_up market schedule Apr 27, 2026 visibility 7 link 3 artists, 1 gallery

Is A Random Unknown Artist More Valuable Than Picasso? AI Thinks So.

An experiment using a custom AI model to evaluate artistic value independent of market context found that the model assigned a seven-figure price to an unknown street artist's work while valuing a Picasso at under $1,000. The project, run by an art journalist with a data scientist and an AI expert, trained a Fine Art Large Vision Model on millions of images and price data. Without metadata like artist name or gallery affiliation, the model's predictions were technically interesting but commercially useless; only when those market signals were added did predictions align with real auction outcomes.

newspaper ARTnews open_in_new Read original

trending_up market schedule Apr 30, 2026 visibility 4 link 1 gallery

Deux nouveaux tableaux français du XVIIIème siècle pour le Musée Fabre

The Musée Fabre in Montpellier has acquired two 18th-century French paintings at auctions held by Artcurial in September 2025. The first is an "Allégorie de la Poésie" (1774) by Élisabeth Louise Vigée Le Brun, purchased for €250,000 with support from the museum's corporate foundation and a special grant from the Fonds du patrimoine. The painting, which depicts the early struggles of the future portraitist, was previously owned by Henry and Catherine Robert and had been exhibited in a major retrospective at the Grand Palais a decade ago.

newspaper La Tribune de l Art open_in_new Read original

trending_up market schedule Apr 26, 2026 visibility 5 link 4 artists, 3 galleries

Southern Guild’s New York moment signals a shift for African art

Southern Guild, a Cape Town-based gallery, opened a permanent location in New York's Tribeca district on Friday, marking a major expansion for the gallery and a milestone for contemporary African art's international visibility. The inaugural exhibitions feature South African painter Mmangaliso Nzuza's "Ballad of the Peacock" and conceptual artist Usha Seejarim's "Used," both on view until May 17. Co-founder Trevyn McGowan described the 371m² space in a historic cast-iron building as both instinctive and strategic, following the closure of the gallery's Los Angeles outpost, which served as a testing ground for American audiences.

newspaper TimesLIVE open_in_new Read original

trending_up market schedule Apr 30, 2026 visibility 2

Millon relance Pierre Bergé & Associés

Millon has taken full control of Pierre Bergé & Associés, becoming its sole shareholder. The auction house, founded in 2002 and restructured two years ago by Alexandre Landre after judicial recovery, will now operate under Millon's financial, logistical, and commercial backing while retaining its Avenue Kléber address and operational team.

newspaper Le Journal des Arts open_in_new Read original