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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.

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.

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.

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.

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.

6 Black-owned Galleries Placing Artists in Major Museum Collections

Six Black-owned galleries—Mariane Ibrahim Gallery, Gallery Guichard, Galerie Myrtis, Richard Beavers Gallery, and Jenkins Johnson Gallery—are profiled for their success in placing artists into major museum collections. Each gallery has built institutional relationships that lead to acquisitions by museums such as the Baltimore Museum of Art, the Metropolitan Museum of Art, the Museum of Fine Arts, Boston, and the Bronx Museum, often retaining artists through the placement stage to capture long-term market value.

Deux sculptures de la Roldana préemptées par l'Espagne

Spain has preempted two polychrome terracotta sculptures by Luisa Roldán, known as La Roldana, at an Abalarte auction on December 5, 2025. The works, *La Fuite en Égypte* and *L’Éducation de la Vierge*, each sold for €335,500 including fees. *La Fuite en Égypte* has been acquired by the Museo del Prado in Madrid, while *L’Éducation de la Vierge* has gone to the Museo Nacional de Escultura in Valladolid.