Art News. Vasari Codex

trending_up market schedule May 1, 2026 visibility 50 link 22 artists, 1 gallery

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.

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trending_up market schedule Nov 19, 2025 visibility 20 link 12 artists, 2 galleries

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Thaddaeus Ropac, a major European blue-chip gallery, opened its seventh location in Milan in January 2025, occupying a prime palazzo previously home to Massimo de Carlo and Peres Projects. The inaugural exhibition pairs Georg Baselitz and Lucio Fontana in a show titled "L’aurore viene." The move has reignited debate about whether Milan is finally poised to become a contemporary art capital, despite past false starts and the city's stronger identity as a fashion and design hub.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jul 20, 2025 visibility 9 link 2 artists, 2 galleries

sam gilliam foundation david kordansky gallery sued over disavowed drape painting 1234747792

Drax Fine Art, LLC has filed a lawsuit against David Kordansky Gallery, the Sam Gilliam Foundation, and the late artist's widow Annie Gawlak, alleging they conspired to disavow and defame an authentic Sam Gilliam drape painting from 1972. Drax claims the work was acquired from Carl Solway Gallery in Cincinnati, installed in an architectural firm's lobby, and later purchased by Drax. The plaintiff seeks $6 million in damages, accusing the defendants of blocking an auction sale by claiming restoration efforts constituted irreparable damage. The defendants call the claims "absolutely frivolous," asserting the unsigned, undated piece does not conform to Gilliam's practice and may be a studio remnant.

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trending_up market schedule May 15, 2026 visibility 8 link 7 artists, 1 gallery

The Works, Trends, and Artists Artnet Specialists Can’t Stop Thinking About

Artnet Auctions has three sales currently live: Post-War and Contemporary Art (through May 20), Contemporary Editions (through May 29), and Private Sales for immediate purchase. Three Artnet specialists highlight key lots: Robert Rauschenberg's 'Corridor (Hoarfrost)' (1978), Emily Mason's 'Express Report' (1988), and Andy Warhol's 'Double Mickey Mouse' (1981). The specialists discuss market trends, including the growing importance of artist foundations in supporting scholarship and market health, the rapid revaluation of post-war women abstractionists like Mason, and shifts in the prints market as consignors leverage demand.

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trending_up market schedule Feb 23, 2026 visibility 27 link 15 artists, 4 galleries

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The inaugural edition of Art Basel Qatar launched with a unique booth-less format, prioritizing single-artist presentations and regional connections over the typical high-speed frenzy of European fairs. While the pace of transactions was more measured, significant sales were reported, including a $250,000 video installation by Kutlug Ataman sold by Niru Ratnam to an institution and multiple works by regional stars like Ahmed Mater and Ali Cherri. High-value blue-chip items, including a $42 million Picasso, remained tucked away in private viewing rooms to accommodate the region's preference for discretionary collecting.

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trending_up market schedule Jan 9, 2026 visibility 15 link 5 artists, 2 galleries

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The Barnes Foundation has promoted Will Cary to Executive Vice President and Chief Operating Officer, where he will oversee new revenue initiatives, the Calder Gardens partnership, and a newly formed Brand department. Bukia Vakhania Gallery (formerly Gallery Artbeat) is opening a Berlin location on January 15 with a solo show by Nina Kintsurashvili. Heritage Auctions reported $2.2 billion in sales for 2025, its highest-ever annual total, driven by coins, comics, sports memorabilia, and illustration art. Antenna Space will open a Hong Kong outpost in March 2026, directed by Jeff Li. A Deloitte Private and ArtTactic report reveals that 50% of non-bank art lenders experienced loan defaults in 2024, up from 17% in 2023.

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trending_up market schedule May 4, 2026 visibility 26 link 12 artists, 2 galleries

The Venice Biennale has long been a sales platform—now no one is pretending otherwise

The Venice Biennale, traditionally a government-subsidized non-commercial institution where sales were downplayed, is experiencing an unprecedented open embrace of commerce. For the first time, Christie's is hosting an invitation-only selling exhibition in Venice, offering works ranging from Old Masters like Lucas Cranach to Modern and contemporary giants such as Andy Warhol, Louise Bourgeois, and Mark Bradford, with prices from $500,000 to over $35 million. Dealers, auction houses, and private foundations are openly pricing and selling works to collectors, spurred partly by Italy's reduced 5% VAT rate on art imports, now Europe's lowest.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Apr 7, 2026 visibility 20 link 3 artists

Robert Rauschenberg Foundation Estate Sold to Florida Resort

The Robert Rauschenberg Foundation has sold the late artist’s twenty-two-acre estate on Captiva Island, Florida, to the neighboring South Seas resort for $45 million. The sale includes ten buildings, most notably Rauschenberg’s custom-built 8,000-square-foot studio and his historic "Beach House." While the resort plans to integrate the property into its operations and host art-related programming, the foundation cited escalating maintenance costs and environmental risks from climate change as the primary reasons for the divestment.

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trending_up market schedule May 14, 2026 visibility 7 link 4 artists, 3 galleries

New fund helps museums make purchases at Frieze New York

The Sherman Family Foundation Acquisition Fund has launched at Frieze New York, providing $50,000 annually to help US museums acquire works from the fair's Focus section, which features solo stands by galleries under 12 years old. In its first year, the Baltimore Museum of Art acquired works by Reika Takebayashi, Seba Calfuqueo, and Joanne Burke, while the Brooklyn Museum acquired two works by Bettina (Bettina Grossman). Each artist also receives an unrestricted $5,000 award.

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trending_up market schedule Oct 28, 2025 visibility 14 link 5 artists

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The editor's letter for the 2025 ARTnews Top 200 Collectors issue recounts a cinematic moment at Art Week Riyadh in Saudi Arabia, where a government-affiliated collector described their role as "everyone and no one," reflecting the behind-the-scenes, museum-focused art acquisitions under Vision 2030. The issue features a report by Melissa Gronlund on the Gulf art scene, noting that Saudi Arabia is prioritizing museums and noncommercial programming before an independent market can emerge, while private collectors and foundations are also gaining ground. The article also highlights the cooling art market in Europe and the US, with collector Christen Sveaas criticizing blue-chip galleries for over-commercial pricing strategies.

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trending_up market schedule Oct 6, 2025 source 2 sources visibility 19 link 11 artists, 1 gallery

Record sales and a tax break close out blockbuster year for South Asian Modern market

Two record-breaking auctions closed a blockbuster year for the South Asian Modern art market. On 27 September, Saffronart in New Delhi sold 85 lots for $40.2 million—the largest single sale ever in South Asia—while on 29 September, Sotheby’s in New York sold 54 lots for $25.5 million, a record total for South Asian art in the West. These followed Christie’s March sale of M.F. Husain’s mural *Gram Yatra* (1954) for $13.7 million, the highest price ever for an Indian painting. India also enacted a major tax reform, cutting the Goods and Service Tax (GST) on art from 12% to 5%, further stimulating the market.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Mar 28, 2026 visibility 61 link 34 artists, 16 galleries

Strong sales and cross-market demand define Art Basel Hong Kong opening

Art Basel Hong Kong opened with robust sales and high energy, signaling a strong recovery for the Asia-Pacific art market. Blue-chip galleries reported several seven-figure transactions early on, including a $4 million Picasso at Bastian and a $3.8 million Liu Ye painting at David Zwirner. The fair's debut of the digital-focused 'Zero 10' initiative and a significant presence of regional collectors underscored a diverse appetite for both postwar masters and contemporary digital works.

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trending_up market schedule Mar 22, 2026 visibility 15 link 2 artists

What the Art Market Still Gets Wrong About Next-Gen Collectors

Art market expert Georgina Adam's new book, 'NextGen Collectors and the Art Market,' analyzes the industry's struggle to attract and retain younger buyers like millennials and Gen Z. She examines the difficulty in defining this demographic, their shifting tastes away from traditional blue-chip artists, and their volatile, less loyal market behavior.

newspaper Artnet News open_in_new Read original

trending_up market schedule Feb 9, 2026 visibility 16 link 1 artist

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The inaugural edition of Art Basel Qatar concluded in Doha, marking a significant new chapter for the Gulf art market. The fair adopted a smaller, curated format and was notably overseen by Egyptian artist Wael Shawky, who served as its artistic director, bringing a curatorial perspective to the commercial event.

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trending_up market schedule Oct 15, 2025 visibility 12

courtauld gallery and institute in london receives record breaking 30 m donation from reuben foundation 1234757172

London's Courtauld Gallery and Institute has received a £30 million ($40.06 million) donation from the Reuben Foundation, the largest gift in its 93-year history. The foundation, established by billionaire brothers David and Simon Reuben, will also share their extensive art collection to support future exhibitions as part of a long-term partnership. The donation will help fund the refurbishment of the Courtauld's academic wing, which still requires an additional £65 million to complete.

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trending_up market schedule Sep 29, 2025 visibility 19 link 2 artists

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Art Basel Paris has announced a new ultra-VIP preview program called "Avant Première" for its upcoming edition at the Grand Palais. Scheduled for Tuesday, October 21, from 3 p.m. to 7 p.m., the initiative allows all 203 participating galleries to invite select clients for an exclusive early viewing, ahead of the fair's official VIP days on October 22–23. The fair declined to disclose how many invitations each gallery can extend. The program was first reported by the Baer Faxt, and Art Basel CEO Noah Horowitz described it as "for the market, by the market."

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trending_up market schedule Apr 30, 2026 visibility 17

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.

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trending_up market schedule Jan 9, 2026 visibility 11

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Artnet News editor Kate Brown interviews Marc Spiegler, former global director of Art Basel (2007–2022), to analyze the state of the art market entering 2026. The article reviews a turbulent 2025: galleries closed, buying energy dried up, some fairs shrank, and the secondary market faltered, though the hype-driven speculation of previous years receded. By late 2025, signs of recovery emerged—successful fall auction weeks in New York and a stronger-than-expected Art Basel Miami Beach—and both Christie’s and Sotheby’s reported upticks in projected revenue for the year.

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trending_up market schedule Jan 29, 2026 visibility 10 link 2 artists

Rare oil painting depicting scene from famous Robert Burns poem could fetch £20k at auction

A rare oil painting by the late Scottish artist Alexander Goudie, titled 'The First Drink' and depicting a scene from Robert Burns's poem 'Tam o' Shanter', is set to be auctioned by McTear's in Glasgow. The painting, created in the late 1990s, is estimated to fetch between £10,000 and £20,000 at the Scottish Contemporary Art Auction on February 26th.

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trending_up market schedule Jan 26, 2026 visibility 8 link 2 artists

One of most famous illustrations of Burns' Tam o' Shanter set for auction

Alexander Goudie's painting *The First Drink*, a key illustration from his celebrated series based on Robert Burns' poem *Tam o' Shanter*, will be auctioned at McTear’s Scottish Contemporary Art Auction in Glasgow on February 26. The oil painting, estimated at £10,000–£20,000, depicts the poem's protagonist resting beside his horse Meg and is being sold by an anonymous vendor who has owned it since it was commissioned in the late 1990s.

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trending_up market schedule Aug 23, 2025 visibility 8 link 1 artist

Meet new curator and concept of the Off white Charity Auction 2018

The 5th anniversary edition of the Off White contemporary art charity auction, organized by the Cosmoscow International Contemporary Art Fair, will take place on June 8, 2018, in partnership with Phillips auction house. For the first time, the auction will be curated by international curator Leopold Thun, co-runner of Emalin gallery in London, who will introduce a new concept, date, venue, and international perspective. Proceeds will benefit the Cosmoscow Foundation for Contemporary Art.

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