The Marcel Duchamps That Got Away: On Collecting His Work and the Sprawling MoMA Show

The article recounts the author's personal experience as a collector who passed up the opportunity to buy a complete set of Marcel Duchamp's readymades at a 2002 Phillips de Pury and Luxembourg auction. The set, editioned by dealer Arturo Schwartz in 1964, included iconic works like *Fountain* and *Bicycle Wheel*, but the sale was a financial failure, with many pieces bought-in or selling for far below expectations. The author later acquired some of the unsold works privately. The piece is framed around the concurrent Duchamp exhibitions at the Museum of Modern Art and Gagosian.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

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.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

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.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

British billionaire's £200m art collection most expensive ever offered in UK

British billionaire Joe Lewis will sell a tranche of his art collection in a standalone sale at Sotheby’s in London this June, estimated at £150m–£200m. This makes it the most valuable single-owner collection ever offered in the UK, surpassing the Pauline Karpidas collection which totalled £101m. Highlights include Gustav Klimt’s *Bildnis Gertrud Loew* (est £20m–£30m), Amedeo Modigliani’s *Homme à la pipe* (est £12m–£18m), and Francis Bacon’s *Two Studies for Self-Portrait* (est £8m–£12m). The sale follows a smaller March auction of four works from the Lewis collection that focused on School of London artists.

$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.

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.

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.

$60 M. Lichtenstein Comes to the Block at Christie’s, Potentially Joining His Priciest Works at Auction

Christie’s will offer Roy Lichtenstein’s 1964 painting *Anxious Girl* from the collection of legendary New York collector-dealer Holly Solomon and her husband Horace, with an estimate of $40–60 million. If it reaches its high estimate, it will become the artist’s second-priciest work at auction, trailing only *Nurse* (1964), which sold for $95.4 million in 2015. The work leads Christie’s 20th-century evening sale on May 18, amid a flurry of high-value consignments as both Christie’s and Sotheby’s aim to sustain momentum after posting improved 2025 results.

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

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.

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.

London Dealer Stephen Friedman Owes $10.6 M. to Dozens of Creditors, Including Artists Deborah Roberts and Kehinde Wiley

London-based gallery Stephen Friedman has accumulated debts of approximately $10.6 million, according to official documents filed with Companies House. Creditors include Coutts & Co. bank (£3.2 million), Pentland Group Ltd. (£1.4 million), the UK tax authority, the Pollen Estate, art logistics company Crozier, and several prominent artists—Alexander Diop (£341,905), Deborah Roberts (£289,232), and Kehinde Wiley (£163,849). The gallery closed its New York space in November 2024 after just two years, then abruptly shut its London location and entered insolvency proceedings in February 2025, shortly after pulling out of Art Basel Qatar. A restructuring proposal by FRP Advisory was approved on 22 April.

Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

Sotheby's will auction a major collection of masterpieces by artists including Gustav Klimt, Henri Matisse, Lucian Freud, and Francis Bacon, consigned by Joe Lewis and his daughter Vivienne, whose family owns Tottenham Hotspur. The collection, expected to fetch over £150 million, is projected to become the most valuable ever offered in London, with highlights such as Klimt's 'Bildnis Gertrud Loew' (estimated £20-30m) and Egon Schiele's 'Danaë' (estimated £12-18m, potentially setting a new artist record). The works will be exhibited in New York and London before the June sales.

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.

Alex Katz | Three Trees - 알렉스카츠 - Alex Katz Dancing with reality… (2018) | For Sale

This article is a sales listing for Alex Katz's 2018 silkscreen print "Three Trees - 알렉스카츠 - Alex Katz Dancing with reality… (2018)", offered by Frank Fluegel Gallery in Nuremberg, Germany. The work is a 20-color silkscreen print measuring 37 × 59 inches, part of a limited edition of 60, hand-signed by the artist and priced at $16,500. The listing includes details about the artist's background, his signature style of flat color planes influenced by advertising aesthetics and Pop art, and his exhibition history at major institutions worldwide.

Valerio Adami | Valerio Adami @Miart 2026 (2026) | Art & Prints

Valerio Adami, a prominent Italian painter born in 1935, is offering a new acrylic-on-canvas work titled "Valerio Adami @Miart 2026" (2026) through Dep Art Gallery. The painting, sized 198 × 147 cm, is a unique piece accompanied by a certificate of authenticity. Adami is known for his graphic, comic-inspired narrative figuration, with works held in major museums including MoMA, Centre Pompidou, and the Art Institute of Chicago.

Tracking the Biggest Market Players at the Venice Biennale

The 61st Venice Biennale is underway, and while it is officially a non-commercial exhibition, market forces are increasingly influential behind the scenes. Artnet News host Margaret Carrigan reports on auction houses actively participating in opening week, and highlights Sotheby’s upcoming single-owner sale in London featuring works from billionaire Joe Lewis’s collection, expected to exceed $200 million. Meanwhile, Whitechapel Gallery has created a new economist-in-residence position to address ongoing financial strain in museums.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

Keith Haring | Untitled (1988) | For Sale

A screenprint by Keith Haring, titled *Untitled* (1988), is being offered for sale through Palm Beach Modern Auctions. The limited-edition work on canvas, signed and numbered 111/125, was originally printed for the marriage of Estefania Kong to Lawrence "Dr. Winkie" Lin, who owned the DV8 nightclub in San Francisco where Haring had previously painted murals. The piece has minor condition issues and comes with provenance from Clars Auction in June 2024.

Marc Chagall | Sujet Biblique (1956) | For Sale

A limited-edition lithograph by Marc Chagall, titled *Sujet Biblique* (1956), is being offered for sale through Palm Beach Modern Auctions. The work is signed, bears a blind stamp, and is edition 2/15. It was originally published by Antoine Teriade in Paris for the Verve Vol. III art review, and its provenance includes a previous sale at Phi Auctions in 2021–2022. The lot is listed with a buyer's premium of 28% and is sold "AS IS" under the auction house's standard terms.

Sotheby’s Auction Raises Funds for Yale MFA Scholarships

The Yale School of Art is partnering with Sotheby’s to host an auction benefiting scholarships for its Master of Fine Arts program. The 13 lots, including works by Howardena Pindell, Josef Albers, Richard Prince, Mickalene Thomas, Do Ho Suh, and Barkley L. Hendricks, will be sold as part of Sotheby’s Contemporary Day Auction in New York on May 15. Estimates range from $5,000 to $700,000. Dean Kymberly Pinder, who has raised $13 million toward debt-free graduation since 2021, stated the auction supports a larger initiative to ensure MFA students graduate without debt.

Harper’s Bangkok Gallery Opens its Doors, Bringing Western Artists to Thailand

Harper's Bangkok, a new outpost of the New York-based gallery group founded by Harper Levine, opened in late March 2026 on the ground floor of the Siam Pathumwan House building. Its debut exhibition, 'Lost and Found', is a solo show by American artist Joel Mesler featuring 18 new vibrantly colored works, marking his first presentation in Southeast Asia. The gallery is the first major Western commercial gallery to establish a permanent space in Bangkok, joining a rapidly maturing local art ecosystem.

Joan Miró | Quelques Fleurs Pour Des Amis: Milani (#25) (1964) | For Sale

A lithograph by Joan Miró from his "Quelques Fleurs pour des Amis" series, titled *Milani (#25)* (1964), is being offered for sale through Palm Beach Modern Auctions. The work is a limited-edition print on paper, signed in plate, from an edition of 150, printed by Mourlot, Paris, and published by Societe Internationale d'Art XXe Siecle, Paris. The listing includes details on condition, buyer's premium, and bidding terms.

This 17th-Century ‘Supercomputer’ Could Set a New Auction Record

A rare 17th-century Mughal astrolabe, crafted in Lahore in 1612 by brothers Qa'im Muhammad and Muhammad Muqim, is heading to Sotheby's London on April 29 with an estimate of £1.5 million to £2.5 million ($2 million to $3.4 million). Weighing nearly 20 pounds and measuring the diameter of a large cooking pot, it is one of only two known astrolabes by these makers—the other resides in the National Museum of Iraq. Commissioned by Aqa Afzal, a Safavid-born deputy governor of Lahore, the instrument lists 94 cities, 38 stars, zodiac signs, and includes quadrants for trigonometry and solar calculations, blending Islamic and Sanskritic astronomical traditions.

Full extent of Stephen Friedman Gallery's £7.8m debt revealed in filings

Administrators' filings for Stephen Friedman Gallery reveal a total debt of £7.8 million following its closure in February. Three prominent artists—Alexandre Diop, Deborah Roberts, and Kehinde Wiley—are among the unsecured creditors owed a combined £795,000, expected to recover only eight to nine pence per pound. The largest secured creditor is Coutts & Company, owed £3.1 million, followed by Pentland Group with £1.4 million outstanding. The gallery also owes £505,113 to the Pollen Estate for its Cork Street lease, £550,000 to HMRC, and significant sums to shipping and storage firms, including Crozier (£256,470) and Gander & White (£86,772). Art fairs Frieze and Art Basel Qatar are owed £71,227 and £18,763 respectively.

A Record for Lalanne

Un record pour Lalanne

Sotheby's New York achieved a major result with the sale of a set of fifteen mirrors by Claude Lalanne (died 2019), commissioned between 1974 and 1985 for the music room of Yves Saint Laurent and Pierre Bergé's Paris apartment. Estimated at $10–15 million, the lot—from the collection of Jean and Terry de Gunzburg after the 2009 Saint Laurent-Bergé sale—fetched $33.5 million including fees, setting a record for the artist.