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paint drippings art industry news may 26

This week's art industry roundup covers major auction results, including Sotheby's $51.8 million sale of the Saunders Old Masters collection (a record for a single-owner sale in that category) and the $12.5 million sale of the Lalanne's 'Ostrich Bar' in Paris. The Breuer Building, purchased by Sotheby's in 2023, has been landmarked by New York City, preserving its interior during renovation by Herzog & de Meuron. Art Basel announced a new fair in Doha, Qatar, launching next February with 50 exhibitors, while Untitled Art revealed 84 exhibitors for its first Houston edition. In gallery news, Yan Du will open YDP in London, Annely Juda Fine Art is moving, and Jean-Paul Engelen joins Acquavella Galleries. Gladstone Gallery hired Julian Ehrlich from Christie's. Saudi Arabia opens its first specialized art storage facility in Jeddah. Creative Australia chair Robert Morgan retires amid controversy over the Venice Biennale team appointment, and Monash University reversed a decision to cancel an exhibition.

Lebanon’s Art Scene Is Living in ‘War Mode’

On April 8, 2025, a wave of Israeli airstrikes across Lebanon killed 357 people and injured over 1,200, a day now known as 'Black Wednesday.' Amid the violence, Lebanese artist Abed Al Kadiri, who grew up during Lebanon's civil war and Israeli occupation, has been working with displaced children in shelters, using art to help them process trauma. He collects their drawings and plans to combine them with sketches by other artists reflecting their own war experiences, creating concertina-style books to be exhibited and sold to raise funds for over 1.1 million displaced people.

The Art World This Week: Smithsonian Leader to Run Guggenheim, LACMA’s New Building to Open, Vatican's Sound-Based Venice Pavilion, and More

Melissa Chiu has been appointed as the new director of the Guggenheim Museum in New York, departing her long-standing role at the Smithsonian's Hirshhorn Museum. Additionally, the Los Angeles County Museum of Art (LACMA) has announced that its highly anticipated, $724 million David Geffen Galleries will finally open to the public on May 4, while the Vatican revealed plans for a sound-based pavilion at the Venice Biennale dedicated to Saint Hildegard of Bingen.

Art Dubai Postpones 2026 Fair Amid Iran War Fears

Art Dubai has postponed its 2026 fair from April to May 14–17, shifting to an "adapted format" at its usual venue, the Madinat Jumeirah resort. The fair, a cornerstone of the Middle Eastern art scene, will proceed with a more focused model, featuring galleries from over thirty-five countries but altering its financial structure, with participating galleries paying a percentage of sales instead of standard booth fees.