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.

Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

Pace Gallery Takes Representation of Brâncuși Estate Ahead of $100 M. Sculpture Coming to Auction

Pace Gallery has taken global representation of Constantin Brâncuși's estate, announced hours before a $100 million Brâncuși sculpture, Danaïde (1913), goes to auction at Christie's. The sculpture comes from the collection of S. I. Newhouse and is among the most expensive works in New York's marquee sales. The announcement coincides with a major retrospective of the artist, organized by the Centre Pompidou, currently at the Neue Nationalgalerie in Berlin and heading to the Museum of Modern Art in New York later this year.

Wet Paint Does Frieze Week: The Dinosaur Dealer Downtown, David Zwirner Tribeca, and More Juicy Art-World Gossip

Artnet News' gossip column 'Wet Paint' covers the opening week of Frieze New York, beginning with the group show 'Statics of an Egg' at David Zwirner's newly renamed Tribeca gallery (formerly 52 Walker). Curated by Martin Germann, the exhibition features Japanese artists gathered by Yu Nishimura and Kenji Ide, with Nishimura's painting 'in waiting' highlighted. The column also reports on a private party at the River art-world hangout and a visit to Amanita gallery for 'A Land Before Time: Three Dinosaurs and a Gondola,' which includes a John Chamberlain sculpture. Notable attendees include artists Sasha Gordon, Olivia van Kuiken, Calvin Marcus, and Josh Smith, as well as dealers Marlene Zwirner and Matthew Brown.

The Most Expensive Jean-Michel Basquiat Works Ever Sold at Auction

ARTnews published a listicle ranking the most expensive Jean-Michel Basquiat works ever sold at auction, updated as of May 15, 2026. The article traces Basquiat's rise from street artist under the moniker SAMO to a major figure in the downtown New York scene, highlighting key relationships with Keith Haring, Diego Cortez, and curator Henry Geldzahler. It notes that Basquiat's entire mature output was created between 1981 and 1984, and that his 1983 painting *Museum Security (Broadway Meltdown)* sold at Sotheby's in May 2026 for $52.7 million, placing it among his top sales. The piece also details earlier top sales, including *Untitled* (1982) for $29.3 million at Christie's in 2013 and *Flesh and Spirit* (1982–83) for $30.7 million at Sotheby's in 2018.

How Christie’s Recruited Nicole Kidman to Sell S.I. Newhouse’s $100 Million Brancusi

Christie's has released a promotional video featuring actress Nicole Kidman to advertise the upcoming auction of Constantin Brancusi's bronze sculpture *Danaïde* (1913), estimated at $100 million. The sculpture comes from the collection of the late media mogul S.I. Newhouse, who purchased it for $18.2 million in 2002. The nearly two-minute film, shot at Christie's Rockefeller Center headquarters, shows Kidman interacting with the work and was conceived by former Sotheby's auctioneer and Newhouse estate advisor Tobias Meyer. The sale is scheduled for May 18 in New York.

Who Went to Venice Last Week? Jenny Saville, Glenn Lowry, Jewel, and Many Other Power Players

Artnet News reporter Katya Kazakina recounts her experience at the opening week of the 61st Venice Biennale, describing a whirlwind of art, parties, and chance encounters. Notable figures spotted include former MoMA director Glenn Lowry, singer-songwriter Jewel (who debuted her visual art show "Matriclysm: An Archaeology of Connections Lost"), and Japanese Nintendo heir and collector Banjo Yamauchi. High-profile events included Thaddaeus Ropac gallery's reception for Georg Baselitz's final paintings (priced up to $1.5 million) and François Pinault's annual party at Fondazione Giorgio Cini, attended by Selma Hayek, Lorna Simpson, and JR. The article also highlights the social dynamics of the biennale, where dealers, curators, and collectors network across historic palazzos and hotels.

The village where Van Gogh spent his final days celebrates its most distinguished visitor

An exhibition titled "Van Gogh, Influencer: Legacies in Motion" has opened at the Château of Auvers-sur-Oise, the village near Paris where Vincent van Gogh spent his final 70 days and died by suicide in July 1890. The show, running until 3 January 2027, features nearly a hundred works by artists influenced by Van Gogh, including Léonide Bourges, Charles-François Daubigny, and Léo Gausson, though no original Van Gogh paintings are included. Curated by Wouter van der Veen, the exhibition explores visual parallels and stylistic contrasts between Van Gogh’s iconic works—such as *Church at Auvers* and *Wheatfield with Crows*—and those of his contemporaries and followers.

For Italy’s Art Pioneer, a New Bronze Age

Giuseppe Penone, a leading figure of the Arte Povera movement, is preparing a major exhibition at Gagosian gallery in New York. The show will feature new bronze sculptures that continue his lifelong exploration of nature, form, and the human body, created in collaboration with curator Adam Weinberg, the former director of the Whitney Museum of American Art.

Ten years on, Tefaf New York still stands out from the crowd

Tefaf New York returns to the Park Avenue Armory from 15 to 19 May, bringing together 88 exhibitors from 14 countries. The fair, which launched in 2016 as a two-part event and consolidated into a single annual edition in 2022, spans Greco-Roman antiquities, jewellery, 20th-century design, and contemporary art. This year’s edition includes nine new exhibitors such as David Lévy, Larkin Erdmann, Piano Nobile, Macklowe Gallery, and ML Fine Art, and sees the return of John Berggruen after a three-year absence. Fair leadership, including director Leanne Jagtiani and head of fairs Will Korner, emphasize the fair’s distinctive focus on Modern art, which they say differentiates it from other spring fairs in New York that are more heavily weighted toward contemporary work.

New £5.5m record for Islamic glass leads London sales

The spring Islamic and Indian art auctions in London, held at Sotheby's and Christie's in late April, achieved strong results despite geopolitical tensions. Sotheby's Arts of the Islamic World & India sales totaled £14.8m, while Christie's Art from the Islamic and Indian Worlds sale and the Mary and Cheney Cowles collection brought in £17.6m. The top lot was a rare 14th-century Mamluk gilded glass bowl from the Toledo Museum of Art, which sold for £5.5m—a new auction record for Islamic glass. Other highlights included a 17th-century Mughal astrolabe that sold for £2m at Sotheby's, setting a record for an Islamic scientific instrument, and strong sales of Iznik ceramics from two old English collections.

Aspen Art Fair Names More Than 35 Exhibitors for 2026 Edition at Hotel Jerome

The Aspen Art Fair has announced more than 35 exhibitors for its third edition, returning to the Hotel Jerome from July 29 through August 1, 2026. This will be the first edition under director Kelly Cornell, who also leads the Dallas Art Fair. Newcomers include Albertz Benda, Friedman Benda, Library Street Collective, Monique Meloche Gallery, and R & Company, alongside returning galleries such as Marianne Boesky Gallery, Perrotin, Sean Kelly, and Galerie Gmurzynska. The fair will debut an outdoor sculpture garden and continue its Art Prize Program with residencies and commissions through Anderson Ranch Arts Center and Buckhorn Public Arts. It also coincides with the AIR festival organized by the Aspen Art Museum and partners with the Aspen Education Foundation to support local student artists.

'It’s like the natural world. Nothing lasts forever': Tadashi Kawamata on creating his temporary sculptures

Japanese artist Tadashi Kawamata created a temporary wooden vortex sculpture titled "Tornado" inside the Palais de Tokyo in Paris, made from 5,000 individual pieces of wood and installed on the grand staircase for just two weeks in February. The work was commissioned by Ruinart as part of its "Conversations with Nature" series, which presents a piece in Paris before permanently installing it at the champagne house's headquarters in Reims. Kawamata, who has lived in Paris for 18 years, is known for using found materials and creating site-specific, temporary interventions on or inside architecture, emphasizing spontaneity and impermanence.

From Normal to Ania Magliano: your complete entertainment guide to the week ahead

The Guardian's weekly entertainment guide includes a section on art exhibitions, highlighting two shows opening in the UK. Godfried Donkor's solo exhibition at Firstsite in Colchester runs from 22 May to 30 August, weaving stories of resistance from Boudicca to Yaa Asantewaa through collage, painting, and textile. Delcy Morelos's installation at the Barbican in London, running until 31 July, fills the space with huge mounds of earth, clay, and spices to create immersive environments based on Andean and Amazonian knowledge. The guide also mentions Phantasmagoria at the Henry Moore Institute in Leeds, exploring video games and digital art.

In Venice, 22 unmissable exhibitions on the sidelines of the biennial

À Venise, 22 expositions incontournables en marge de la biennale

The article highlights 22 must-see exhibitions happening alongside the 61st Venice Biennale, which is expected to be affected by geopolitical tensions but still promises artistic vibrancy. Notable events include Bvlgari's dual projects featuring artists Lotus L. Kang, Lara Favaretto, and Monia Ben Hamouda; the unveiling of the Asscher collection at the Ama Venezia foundation with works by Charles Ray, Jenny Saville, and Richard Serra; and the inaugural exhibition "The Only True Protest Is Beauty" at the Fondation Dries Van Noten, showcasing 200 objects across fashion, design, and art. Other highlights include a dialogue between Picasso, Morandi, and Parmiggiani at the Fondazione Bevilacqua La Masa.

VALIE EXPORT, Icon of Feminist Art, Dead at 85

VALIE EXPORT, the radical Austrian performance artist, filmmaker, and sculptor widely regarded as the most significant feminist artist of the postwar era, died in Vienna on May 14, just three days before her 85th birthday. Her death was confirmed by Thaddaeus Ropac gallery, which represents her. Known for provocative works such as *Tapp und Tastkino* (1968), in which she invited passersby to touch her bare breasts through a miniature theater, EXPORT faced hate mail, death threats, and indecency charges but remained undeterred in her mission to challenge patriarchal norms through the female body and sexual agency.

‘This is the place of dreams’: Patrizia Sandretto Re Rebaudengo’s Venetian island venue opens to public

Patrizia Sandretto Re Rebaudengo opened San Giacomo, a Venetian lagoon island she and her husband bought in 2018, to the public on May 7 during the Venice Biennale. The former military site now houses exhibition spaces in converted munitions storehouses, featuring a solo show by Matt Copson curated by Hans Ulrich Obrist, selections from the Sandretto collection with works by Michael Armitage, Sarah Lucas, Victor Man, and Lynette Yiadom-Boakye, and outdoor installations by Pamela Rosenkranz, Claire Fontaine, Hugh Hayden, and Goshka Macuga. The island also includes a chapel-like structure by Hayden and a rocket sculpture by Macuga.

Biennale di Venezia 2026. Le grandi mostre da non perdere in città

The article previews major exhibitions in Venice during the 2026 Biennale, highlighting a rich lineup of shows across the city's museums and foundations. Key highlights include a retrospective for Marina Abramović at the Gallerie dell'Accademia, a Peggy Guggenheim exhibition at her former home, and dual shows at Palazzo Grassi and Punta della Dogana featuring artists like Michael Armitage, Amar Kanwar, Lorna Simpson, and Paulo Nazareth. Other notable venues include Fondazione Prada, Ca' Pesaro, and the Museo Correr, with artists ranging from Joseph Kosuth to Jenny Saville.

The Turner Prize Has Revealed Its 2026 Nominees—and Already Courted Controversy

The Turner Prize has announced its 2026 nominees: Simon Barclay, Kira Freije, Marguerite Humeau, and Tanoa Sasraku. The award, administered by Tate Britain, includes a £25,000 prize for the winner. For the first time, the nominees' exhibition will be held at Teesside University's Middlesbrough Institute of Modern Art, an academic setting. The selection has already drawn criticism for being tame and safe, with Guardian critic Eddy Frankel describing the prize as "timid" and "fearful." Tate Britain director Alex Farquharson defended the nominees, praising the diversity and sculptural focus of their work.

German artist Georg Baselitz dies aged 88

German artist Georg Baselitz has died at age 88, as confirmed by the Thaddaeus Ropac gallery. Known for his expressive paintings and sculptures, Baselitz rose to prominence in the 1960s after a scandal over sexually symbolic works led to a high-profile court case. He pioneered painting canvases upside down from 1969 onward, a technique he used to grapple with German history and collective guilt. His work spanned six decades and included notable sculptures, such as a wooden figure at the 1980 Venice Biennale that appeared to perform a Nazi salute, which he later clarified was inspired by an African artifact. Baselitz achieved international acclaim in the 1980s and became one of Germany's highest-priced living artists, alongside Gerhard Richter.

Allison Katz’s Playful Paintings Hide Serious Ideas in Plain Sight

Painter Allison Katz, who lived in New York for seven years but hasn't shown in Manhattan for over a decade, returns with a major debut solo exhibition at Hauser & Wirth's Wooster Street location. Titled "Outta the Bag," the show features a suite of New York–centric paintings, including depictions of the city's museums and skyscrapers, as well as an ironically small "Big Apple" composition, marking a significant moment for the mid-career artist.

King Charles Visits Christie’s in New York, After White House Dinner

King Charles III and Queen Camilla made a surprise visit to Christie’s headquarters in New York on April 29, 2026, following a White House dinner and address to Congress. They attended a gala for the King’s Trust, a charity supporting young people from disadvantaged backgrounds, rather than bidding on auction lots like a $100 million Jackson Pollock or a $60 million Roy Lichtenstein. The event, co-chaired by Lionel Richie, drew guests including Martha Stewart and Anna Wintour, and featured a dinner in the James Christie Room. Christie’s CEO Bonnie Brennan curtsied to the king, and the royals viewed the new rostrum designed by Jony Ive, set to debut in New York during Christie’s May marquee week.

Minnie Pwerle, Emily Pwerle, Molly Pwerle, Galya Pwerle at Château Shatto

Château Shatto gallery in Los Angeles is presenting a group exhibition featuring works by Minnie Pwerle, Emily Pwerle, Molly Pwerle, and Galya Pwerle, four Indigenous Australian artists from the Anmatyerre community. The show highlights their distinctive painting styles, which often draw on ancestral stories and bold abstract patterns, continuing the legacy of Aboriginal art in a contemporary gallery context.

10 exhibitions you can still see after Berlin's Gallery Weekend

10 Ausstellungen, die Sie auch nach dem Gallery Weekend in Berlin sehen können

The Monopol editorial team highlights ten standout exhibitions from Berlin's Gallery Weekend, including Jiyoon Chung's installation "Dead End" at Anton Janizewski, which uses subtle triggers to explore perception and anxiety; Giorgio Griffa's retrospective at Walter Storms Galerie, featuring his poetic abstract paintings on raw linen; Walid Raad's narrative-driven show at Galerie Thomas Schulte, referencing the Lebanese civil war with a crashed VW Beetle and bomb graffiti; and Thomas Demand's new works at Sprüth Magers, printed on copper plates to create a shimmering aura. The article provides a curated tour of these shows, many of which remain open after the weekend.

Eyecatchers and Discoveries

Eyecatcher und Entdeckungen

The 42nd edition of Art Brussels has scaled down to 138 exhibitors from 165 in 2025, responding to a sluggish contemporary art market and economic uncertainty. The fair introduces a new section called 'Horizonte,' curated by Devrim Bayar of Kanal Centre Pompidou, featuring six large-scale installations including Pao Hui Kao's delicate paper-and-lacquer refuge and Oswald Oberhuber's €380,000 panoramic painting 'Paradiesgarten.' Galleries are now consolidated into one hall, with fewer blue-chip participants but a continued focus on living artists (95% of the 500 shown). Notable presentations include Xavier Hufkens' solo show of Cassi Namoda, Krinziger's works by Marina Abramović and Monica Bonvicini, and Richard Saltoun's historical mix of Fernand Khnopff, Everlyn Nicodemus, and Suzanne Van Damme.

From Agnès Varda to Giuseppe Penone, the strange passion of artists for potatoes deciphered in Aubenas

D’Agnès Varda à Giuseppe Penone, l’étrange passion des artistes pour les patates décryptée à Aubenas

The article explores the exhibition "Des patates" at Le Château – Centre d'Art Contemporain et du Patrimoine in Aubenas, France, which celebrates the humble potato as an artistic subject. It highlights how filmmaker and visual artist Agnès Varda turned potatoes into art with her 2003 Venice Biennale project "Patatutopia," dressing as a potato and scattering 700 kilos of tubers, inspired by her documentary *Les Glaneurs et la glaneuse*. The show also features works by Giuseppe Penone, Michel Blazy, Valérie Geissbühler Pacheco, and Lucas Chanoine, all using potatoes to explore themes of consumption, waste, colonialism, and the cycle of life.

Think you have strong opinions about the 2026 Archibald prize? Check out the portraits that didn’t make the cut | Dee Jefferson

The article explores the annual ritual of the Archibald Prize, Australia's most famous portrait competition, through the lens of the 2026 edition. The author, Dee Jefferson, describes the predictable cycle of public enthusiasm, critical disdain, and media coverage that surrounds the prize, noting recurring trends like brown suits, oversized heads, and the dominance of male artists painting male subjects. The piece highlights specific works in this year's exhibition, including a portrait of musician Keli Holiday by Sindy Sinn that the author finds disorienting, and contrasts the main exhibition with the Salon des Refusés, the showcase of rejected entries, which includes a provocative portrait of Patricia Piccinini by Wendy Sharpe featuring exaggerated anatomy.

A mind-bending Spaniard, an imagistic Puerto Rican and a lush Latvian – the week in art

This week's art roundup from The Guardian features a major exhibition on Spanish painter Francisco de Zurbarán at the National Gallery in London, described as a mind-bending and revelatory show with loans from the Prado and other top museums, positioning him alongside Goya and Picasso. Other highlights include Gilbert & George's tribute to their late homeless friend at their London centre, outdoor sculptures by Lynn Chadwick at Houghton Hall, thickly built-up paintings by Angel Otero at Hauser & Wirth Somerset, and abstract works by Latvian sculptor Daiga Grantina at Warwick Arts Centre. The article also covers a new Banksy statue in central London depicting a man marching with a flag, and a Masterpiece of the Week feature on Guido Reni's 'Saint Mary Magdalene'.

11 Contemporary Emirati Artists To Know

The article highlights 11 contemporary Emirati artists, providing an overview of their practices and significance within the Gulf's evolving art scene. It contextualizes this list against recent major events in the region, including the debut of Art Basel Qatar in early February and the subsequent U.S. attacks on Iran, which caused turmoil across the Gulf, disrupted airline operations, and forced Art Dubai to scale back its event to a smaller fair in mid-May. Artists and galleries in the Gulf also had to temporarily close.

Memory, Migration, Materiality: 12 Artists to Watch During Alserkal Art Month

Alserkal Art Month (April 18–May 18, 2026) in Dubai features a district-wide initiative of exhibitions and events, anchored by the group show "Déjà Vu" at Concrete, Alserkal Avenue (April 25–May 8). Curated by Kevin Jones, Nada Raza, and Zaina Zaarour, the exhibition brings together over 50 artists from 20 UAE-based galleries, centering on themes of memory, displacement, and cultural inheritance. The article profiles 12 standout artists, including Shahpour Pouyan and Juma Al Haj, whose works translate these tensions into materially inventive and conceptually rigorous practices.