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.

7 New Art Books to Step Into Spring

Artnet News has curated a selection of seven significant new art book releases for the spring season, highlighting diverse subjects from historical archives to contemporary memoirs. Featured titles include a deep dive into Frida Kahlo’s private sanctuary, 'Casa Roja,' authored by her descendants; a curatorial history of Hong Kong’s avant-garde art scene by Oscar Ho Hing-kay; and a vibrant exploration of color in contemporary art featuring works by Yayoi Kusama and Tomás Saraceno.

Shoptalk: New Guggenheim Director Melissa Chiu on How She Got the Job

Melissa Chiu has been appointed as the new director of the Solomon R. Guggenheim Museum in New York, transitioning from her long-standing leadership at the Smithsonian’s Hirshhorn Museum and Sculpture Garden. The appointment was the result of a confidential search led by Mariët Westermann, the Guggenheim’s overall director and CEO, who determined that the expanding global "constellation" of museums required a dedicated leader for the New York flagship. Chiu will officially assume the role in September, just ahead of the highly anticipated opening of the Guggenheim Abu Dhabi in 2025.

“Primary Structures,” Turns 60

On April 28, 1966, The New York Times published a review by conservative critic Hilton Kramer of the Jewish Museum's exhibition “Primary Structures,” organized by curator Kynaston McShine. Kramer, disdainful of contemporary art, described the 42 American and British artists as rejecting personal expression and subjective inflection, yet he acknowledged the show as the first comprehensive glimpse of a style that would define the 1960s. The exhibition featured then-little-known artists including Carl Andre, Dan Flavin, Donald Judd, Sol LeWitt, Walter De Maria, Robert Morris, Anne Truitt, John McCracken, Larry Bell, Robert Smithson, Judy Chicago, Philip King, Michael Bolus, and David Annesley, and is now recognized as the ur-survey of Minimalism—a term McShine deliberately avoided.

Gagosian Opens a New Ground-Floor Flagship at 980 Madison Avenue with Duchamp-Rauschenberg Double Header

Gagosian is opening a new ground-floor flagship gallery at 980 Madison Avenue in New York, moving from its former upper-floor space in the same building. Designed by Caplan Colaku Architects, the 12,000-square-foot, two-level space consolidates three storefronts into a continuous layout with restrained materials like Portland Taupe stone and brushed stainless steel. The inaugural exhibition pairs a major Marcel Duchamp show with six early works by Robert Rauschenberg on loan from the Cy Twombly Foundation, coinciding with a Duchamp retrospective at MoMA and referencing a 1965 Duchamp exhibition held in the same building.

The Triumphant New LACMA Has the Potential to Rewrite Art History

The Los Angeles County Museum of Art (LACMA) is set to open its new $724 million David Geffen Galleries, designed by Swiss architect Peter Zumthor. The building features a radical, non-linear layout that eschews traditional chronological and geographical hierarchies, allowing artworks from 15 different curatorial departments to be displayed in conversation with one of another. Despite years of controversy regarding its concrete design and a 10 percent reduction in exhibition space, the museum is positioning the new structure as a flexible "laboratory" for global art history.

Remembering Pat Steir, one of the 20th century’s late-blooming great artists

Pat Steir, the acclaimed American painter known for her Waterfall series, died in Manhattan on 25 March at age 87. The article traces her career from early struggles as a freelance illustrator and art director, through her transformative encounter with Sol LeWitt in the early 1970s, to her eventual emergence as a major figure in contemporary painting. It highlights her teaching at CalArts and Parsons, her involvement with feminist and artist-run institutions like Heresies and Printed Matter, and the pivotal moment in the early 1980s when she cut up a reproduction of a Jan Brueghel the Elder flower painting into 64 panels, repainting each in a different historical style.

Chicago’s Obama Presidential Center has art at its core

The Obama Presidential Center is set to open on Chicago’s South Side on June 19, 2026. The $850m institution, designed by Tod Williams Billie Tsien Architects, features more than 25 site-specific contemporary art commissions integrated into its architecture and 19.3-acre campus. Ahead of the opening, the museum has partnered with Expo Chicago to preview these works, which include monumental contributions from artists such as Julie Mehretu, Mark Bradford, and Nick Cave.

Paying tribute to storied printmaker Kenneth Tyler at the IFPDA Print Fair

The International Fine Prints and Drawings Association (IFPDA) Print Fair at the Park Avenue Armory is honoring the legacy of master printer Kenneth E. Tyler. A central highlight of the event is the presentation by the National Gallery of Australia (NGA) of a new three-volume catalogue raisonné documenting Tyler Graphics from 1986 to 2001. The 94-year-old Tyler, a foundational figure in American printmaking, collaborated with titans of Modern art including Robert Rauschenberg, Helen Frankenthaler, and Roy Lichtenstein across his storied career at Gemini GEL and Tyler Graphics.

Inside Gagosian’s Quiet Power Move to Street Level on Madison Avenue

Gagosian has opened a new 2,275-square-foot ground-floor gallery at 980 Madison Avenue in New York, relocating from its longtime sixth-floor space after 37 years. The move was prompted by Bloomberg Philanthropies' acquisition of the building in 2024, which displaced several fine art tenants. The inaugural exhibition features works by Marcel Duchamp and Robert Rauschenberg, and the space was designed by architect Jonathan Caplan with advanced lighting by Dot Dash.

Duchamp in New York

The Museum of Modern Art (MoMA) has launched a major solo exhibition dedicated to Marcel Duchamp, marking the artist's first comprehensive survey in New York City in over 50 years. The exhibition explores Duchamp’s revolutionary impact on modern art, featuring iconic works and archival materials that trace his history from the 1913 Armory Show to his later years in New York. The opening is complemented by a broader "Duchamp spring" in the city, including a forthcoming exhibition of his readymades at Gagosian.

Jasper Johns Marks Time

The art world is currently reflecting on the enduring legacy of Jasper Johns, highlighted by a new Gagosian exhibition focusing on his 1970s output. Critic John Yau explores Johns's career-long fascination with materiality and the inevitable decay of art, noting how the artist uses newsprint and wax to acknowledge that nothing remains static in time.

Artist Charles Ross Spent 50 Years Trying to Bring the Stars Down to Earth. At 88, Has He Done It?

Artist Charles Ross is nearing the completion of Star Axis, a monumental naked-eye observatory in the New Mexico desert that has been under construction for over 50 years. Conceived in 1971 and situated on a mesa Ross discovered in 1975, the massive architectural sculpture is designed to make the 26,000-year cycle of Earth’s axial precession perceptible to the human eye. The project began after a chance encounter with a local ranching family provided Ross with the square mile of land necessary to realize his cosmic vision.

My toddler threw a toy pig at an artwork – and inspired this guide for small kids in galleries

A journalist recounts a stressful visit to the Royal Academy with her toddler, where a toy pig was thrown toward a Kerry James Marshall painting. This incident serves as the catalyst for a new series exploring the compatibility of small children and art galleries, addressing the anxieties parents face regarding museum etiquette, accessibility, and the fear of damaging artworks.

From Lee Cronin’s The Mummy to Zayn: your complete entertainment guide to the week ahead

From Lee Cronin’s The Mummy to Zayn: your complete entertainment guide to the week ahead

British artist Michaela Yearwood-Dan is launching her first UK institutional solo exhibition at The Whitworth in Manchester. The immersive installation blends painting, ceramics, sound, and poetry to explore complex themes of colonial history, religious institutions, and the journey toward personal and collective liberation.

The Incredible Story of Edmonia Lewis, America’s First Black and Indigenous International Art Star

The Peabody Essex Museum has launched "Edmonia Lewis: Said in Stone," the first-ever retrospective dedicated to the 19th-century sculptor who was the first Black and Indigenous American artist to achieve international fame. Curated by Shawnya L. Harris and Jeffrey Richmond-Moll, the exhibition is the culmination of seven years of research and detective work to locate surviving marble sculptures and archival fragments. The show tracks her journey from her early life as "Wildfire" to her education at Oberlin College and her eventual professional success in Boston and Rome.

Is Hong Kong Back? The GRAND PRIX de Basel 2026

Hong Kong’s art scene experienced a massive surge of activity in March 2026, anchored by Art Basel Hong Kong and Art Central. The city hosted 240 galleries at the main fair, drawing over 91,000 visitors, alongside numerous boutique fairs, auction previews, and major institutional exhibitions. Highlights included a reassembled 1964 Yayoi Kusama installation at Art Intelligence Global, a lecture by Zhang Xiaogang at Asia Art Archive, and a poignant solo show by artist duo Chow and Lin at SC Gallery.

Turner prize shortlist announced

The Turner Prize shortlist for 2026 has been announced, featuring four artists: Simeon Barclay, nominated for his spoken-word performance 'The Ruin'; Tanoa Sasraku, recognized for her solo exhibition 'Morale Patch' exploring the political history of oil; Kira Freije, shortlisted for her first major solo show 'Unspeak the Chorus'; and Marguerite Humeau, nominated for her exhibition 'Torches'. The shortlist was selected by a jury chaired by Alex Farquharson, director of Tate Britain, who praised the diverse range of work spanning installation, performance, and sculpture. An exhibition of the shortlisted artists will be held at Teesside University's Middlesbrough Institute of Modern Art (Mima) from September 2026 to March 2027, with the winner announced on December 10, 2026, receiving £25,000.

Digital Art Pioneer Nancy Burson Collapses the Border Between Mysticism and Quantum Physics

Nancy Burson, a pioneering digital artist, presents her latest solo exhibition "Light Matter" at Heft Gallery in New York, featuring "Quantum Entanglement" paintings that appear as white dots on black canvases but reveal jittering forms and depth when viewed through a phone camera. The 78-year-old artist, known for her 1980s composite portraits blending faces of businessmen and movie stars, continues her exploration of perception and technology, claiming a special gift to perceive the universe's emergent energy grid. The exhibition runs through May 2.

Dealer Matthew Brown More Than Doubles His Los Angeles Space with Move to Hollywood Media District: ‘I Really Believe in LA’

Los Angeles art dealer Matthew Brown is relocating his gallery to a significantly larger, 13,000-square-foot former warehouse in the Hollywood Media District. The new space, designed by architect Markus Dochantschi, more than doubles his exhibition area and includes offices, viewing rooms, and storage. The inaugural exhibition will feature artist Mimi Lauter, marking her first Los Angeles show in eight years.

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.

Miami Beach’s Bass Museum picks architect for new pavilion

The Bass Museum of Art in Miami Beach has appointed the Los Angeles-based architecture firm Johnston Marklee to design a new 22,000-square-foot pavilion. The expansion, funded in part by a $20.1 million municipal bond, will occupy a site currently used for parking and will feature an elevated gallery designed to withstand South Florida’s environmental challenges, alongside an outdoor patio and performance stage.

The Defining Themes of Today’s Biennial Art

The article analyzes the defining themes and styles of the past four years in the international biennial circuit, based on a survey of 130 biennials. It identifies a core group of artists who appeared most frequently, including Ali Eyal, Apichatpong Weerasethakul, Carolina Caycedo, Kapwani Kiwanga, and Tuan Andrew Nguyen, among others. Many of these artists are also featured in the upcoming 61st Venice Biennale curated by the late Koyo Kouoh. The piece categorizes their work under two broad themes: "Post-Colonial Post-Conceptualism," which involves poetic engagement with colonial history and artifacts, and "Families and Networks," where artists explore personal and political family histories.

14 Must-See Museum Shows in New York This Spring

New York museums are launching a significant slate of spring exhibitions, featuring major retrospectives and thematic surveys. Highlights include "Noguchi's New York" at the Noguchi Museum, exploring the sculptor's unrealized urban projects; "Raphael: Sublime Poetry" at the Metropolitan Museum of Art, a comprehensive look at the Renaissance master; and "Gothic by Design: The Dawn of Architectural Draftsmanship," also at the Met, focusing on medieval architectural drawings.

What Is a "Post-Duchamp" Art World?

Scholar Thierry de Duve discusses the legacy of Marcel Duchamp in conjunction with a new exhibition at the Museum of Modern Art (MoMA) featuring seven of the artist’s “boîtes-en-valise.” These portable miniature museums, created decades before Duchamp’s first formal retrospective, are framed as evidence of his genius in anticipating the institutional logic of the modern museum. The conversation explores how Duchamp’s provocative works, such as the readymade "Fountain," fundamentally altered the trajectory of art history and defined the "post-Duchamp" era.

‘They accomplished so much, even as they were dying’: the groundbreaking gay art of Peter Hujar and Paul Thek

Author and Frieze Magazine editor-in-chief Andrew Durbin has released a dual biography titled 'The Wonderful World That Almost Was,' chronicling the lives and creative partnership of Peter Hujar and Paul Thek. The book focuses on their relationship from the mid-1950s through the 1970s, detailing their collaborative influence and the development of their respective practices in photography and sculpture before both died of AIDS-related complications in the late 1980s.

The Robots Were Never the Problem

The New Museum has reopened with 'New Humans: Memories of the Future,' a massive survey featuring over 150 contributors including Hito Steyerl, Precious Okoyomon, and H.R. Giger. Spanning 13 sections across the museum's new 5,500 square-meter extension, the exhibition traces the intersection of art, technology, and the human body from the early 20th century to the present. It juxtaposes interwar European works, such as Hannah Höch’s photomontages and Bauhaus ballets, with contemporary installations like Simon Denny’s sculpture of an Amazon worker's cage.

Siteless Athens Arts Institution NEON Closing After 14 Years

The Athens-based cultural institution NEON, founded by prominent art collector Dimitris Daskalopoulos in 2012, is closing after 14 years. Operating without a permanent building, NEON organized 44 exhibitions across unconventional spaces, including ancient archaeological sites, commissioning works by artists such as Marina Abramović, Anastasia Douka, and Danh Vo. Its final project is a trilogy by artist Michael Rakowitz titled "Michael Rakowitz & Ancient Cultures," which began at the Old Acropolis Museum and will conclude later this year.

Inside LACMA’s 2026 Reopening: What to Know About the New David Geffen Galleries

The Los Angeles County Museum of Art (LACMA) has announced that its highly anticipated David Geffen Galleries will officially open to the public on April 19, 2026. Designed by Pritzker Prize–winning architect Peter Zumthor in collaboration with director Michael Govan, the new facility features a horizontal, elevated design that spans Wilshire Boulevard. The structure will house 26 galleries on a single level, representing the culmination of a nearly two-decade redevelopment project.

An Audacious $724 Million Building Reinvents LACMA

The Los Angeles County Museum of Art (LACMA) has unveiled the David Geffen Galleries, a $724 million architectural feat designed by Peter Zumthor. This massive, horizontal structure spans over Wilshire Boulevard, replacing several older buildings with a single, elevated concrete form. The new space abandons traditional chronological and geographical silos in favor of rotating, thematic displays that integrate the museum’s diverse encyclopedic collections.