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paint drippings art industry news jun 16

This week's art industry roundup covers major developments across art fairs, auction houses, and galleries. Ahead of Art Basel in Basel, Artnet's Editor-in-Chief Naomi Rea investigates how the trade lost control of the pricing narrative amid a market breakdown. The Armory Show announces its 2025 edition with over 230 galleries and new curated sections, while Frieze will open a gallery space in Seoul. Sotheby's London will auction Pauline Karpidas's collection estimated at over $81 million, and a rare Rodin marble sold for $1.2 million. Caroline Lang steps down as chair of Sotheby's in Switzerland after four decades. Gallerist Kamel Mennour donates 180 works to Paris's Musée d'Art Moderne, and Marian Goodman Gallery now represents the estate of Ana Mendieta.

‘Harlem has always been evolving’: inside the Studio Museum’s $160m new home

The Studio Museum in Harlem is set to inaugurate its new $160 million, purpose-built home on Manhattan’s 125th Street. Designed by Adjaye Associates in collaboration with Cooper Robertson, the 82,000-square-foot facility nearly doubles the museum's previous exhibition space and replaces a repurposed 1914 bank building that lacked essential infrastructure like loading docks and large elevators. This milestone marks the first time in the institution's history that it will operate out of a structure specifically designed to support its mission of championing artists of African descent.

The week around the world in 20 pictures

This photo essay from The Guardian presents 20 images capturing global events from the past week, including a protest by Femen and Pussy Riot activists against Russia's participation at the Venice Biennale art show, Israeli strikes in Gaza, the hantavirus outbreak, and Emma Chamberlain at the Met Gala. Other images document the war in Ukraine, with scenes of Russian military rehearsals in Moscow, damaged monuments, and drone strike aftermath, as well as a political protest in Nashville where Democratic state representative Justin J Pearson was removed from the house gallery during a redistricting protest.

What am I bid for a blown-up van? The bizarre art auction aiming to build an eco power station in Reform-held Clacton

Artists Hilary Powell and Dan Edelstyn are auctioning off their work from the past 15 years this Saturday to raise at least £250,000 for a community-led renewable power station in Clacton, the constituency of Reform UK leader Nigel Farage. The auction, which will be conducted by former YBA Gavin Turk, includes a gold Ford Transit van wreckage containing fake banknotes that the pair blew up in 2019 as part of their film *Bank Job*, now reconstituted as a mobile sculpture. An online auction runs until 31 May, but currently only £750 has been raised.

san francisco art institute casa arts center

The historic San Francisco Art Institute campus, which shuttered in 2023 following bankruptcy, is being revitalized as the California Academy of Studio Arts (CASA). Founded by billionaire philanthropist Laurene Powell Jobs, the new center will offer a free, unaccredited, year-long studio program for up to 30 emerging visual artists. The initiative aims to foster an experimental environment inspired by Black Mountain College, providing mentorship, workshops, and public engagement platforms.

When The Gallery opened, it sparked a revival that changed Pioneer Square forever

Foster/White Gallery is celebrating its 60th anniversary as a cornerstone of Seattle’s Pioneer Square, a neighborhood it helped transform from a derelict district into a thriving arts hub. Founded by Richard White in 1966, the gallery became a pioneer in the area, representing legendary Northwest School artists like Morris Graves and Mark Tobey. Despite the recent closure of other long-standing neighborhood staples like Davidson and Linda Hodges galleries, Foster/White remains a symbol of continuity and resilience.

california college of the arts closure

California College of the Arts (CCA), the Bay Area's last private art and design school, will close after the 2026–27 academic year, ending 116 years of operation. Vanderbilt University will acquire CCA's San Francisco campus and open a West Coast outpost in 2027, continuing some art and design programs. The closure follows years of financial struggles, including a $20 million deficit, declining enrollment from 1,800 to 1,295 students, and emergency fundraising that raised nearly $45 million—including a $22.5 million matching gift from the Jen-Hsun and Lori Huang Foundation and a $20 million state grant—but proved insufficient to ensure long-term independence.

closed sfai campus casa artist residency center

The former San Francisco Art Institute (SFAI) campus has been transformed into a privately funded nonprofit arts center called the California Academy of Studio Arts (CASA). Backed by philanthropist Laurene Powell Jobs, who purchased the Chester Street campus for $30 million last year, CASA will host 30 emerging artists annually in an unaccredited studio program. Artists will have access to private studios, shared workspaces, and professional mentors, with no tuition fees. The center is led by director Abbye Churchill and plans seminars for participants. SFAI, one of the oldest art schools in the U.S., suspended operations in 2022 and filed for bankruptcy after a failed merger with the University of San Francisco.

The week around the world in 20 pictures

The Guardian's weekly photo feature presents 20 images capturing global events from March 2026. The selection documents intense conflict in the Middle East, including Israeli military actions in the West Bank and Lebanon, attacks on energy infrastructure in the UAE, and violent clashes with worshippers in Jerusalem during Ramadan. It also shows scenes from a blackout in Havana and the Oscars ceremony.