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This week's art industry roundup covers major developments across auctions, galleries, and institutions. Christie's will auction René Magritte's 'Les grâces naturelles' (ca. 1961) as the star lot of its Art of the Surreal evening sale in London on March 5, with an estimate of £6.5–9.5 million. Zona Maco in Mexico City has announced 241 exhibitors for its 22nd edition, including a new section called Forma. The London Art Fair reported strong sales for British women abstract painters, while Vienna's Spark Art fair canceled its 2025 edition for a strategic pause until 2027. In gallery news, Amy Sherald signed with Creative Artists Agency, and several other artist-gallery representation changes were announced. The U.K. government pledged £1.5 billion to support cultural organizations from 2025 to 2030, and Tarek Atoui was named the next Turbine Hall commission artist at Tate Modern.

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The Armory Show's VIP preview day on Thursday saw long queues and a cautiously upbeat mood at the Javits Center, despite a shaky art market marked by gallery closures and fair cancellations. Dealers reported serious interest and solid sales, including a $1 million work at Galleria Lorcan O’Neill, a Kehinde Wiley painting for $265,000 at Sean Kelly, and a Kennedy Yanko sculpture for $150,000 at James Cohan. The highest-priced work, Alex Katz's 1962 painting *October 2*, was listed at $1.2 million but remained unsold. The fair attracted major collectors like Don and Mera Rubell and institutional figures such as Thelma Golden and Scott Rothkopf, with the Presents section for emerging galleries also seeing brisk sales.

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Mathieu Borysevicz, founder of Shanghai's Bank gallery, launched a six-month pop-up on New York's Lower East Side earlier this year, aiming to introduce his program to new audiences amid growing Asian art interest in the city. By mid-summer, however, Borysevicz observed a sharp market downturn as collectors withdrew, reflecting a broader trend of gallery closures, lawsuits, and fair cancellations that have marked a turbulent period for the art world.

10 Practical Reasons We Need to Defend the National Endowment for the Arts

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President Donald Trump's administration has renewed efforts to defund the National Endowment for the Arts (NEA), proposing for the fourth consecutive year a budget that would zero out the agency. The Heritage Foundation, a conservative think tank that has staffed the current administration, continues to promote its 1997 report 'Ten Good Reasons to Eliminate Funding for the National Endowment for the Arts' as a key reference in debates. This article, originally published in 2020 and republished in response to these developments, systematically rebuts each of the Heritage Foundation's arguments against the NEA, beginning with the claim that private support alone is sufficient.

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The Metropolitan Opera House is hosting an exhibition titled “Super Duper,” featuring 25 works by nearly as many contemporary artists, cartoonists, and provocateurs, including Roz Chast, Art Spiegelman, Maurizio Cattelan, and Rashid Johnson. The show, commissioned to coincide with the Met Opera's premiere of *The Amazing Adventures of Kavalier & Clay*, reimagines superheroes for the 21st century, moving away from capes and spandex toward more grounded, satirical, and human figures. Except for two works by Spiegelman, all pieces were created specifically for the exhibition, which spreads across the opera house's lobbies and foyers.

Paul McCarthy: ‘The world is now an extreme absurdity. The work is a reaction to that’

Paul McCarthy, the 80-year-old American artist known for his transgressive critiques of consumer culture, has opened a new exhibition titled "SS EE Saint Santa Eva Elf" at Hauser & Wirth in Paris. The show features large-scale drawings and a six-channel video installation created during filmed performances with his long-term collaborator, German actress Lilith Stangenberg, who plays the Elf. McCarthy revisits his iconic Santa Claus motif, portraying him as a dark, psychotic figure—the "god of capitalism and consumption." The exhibition also includes earlier drawings made with Stangenberg at Bowman Hal gallery in Madrid. The interview reveals that McCarthy's home and studios in Los Angeles were destroyed by wildfires, resulting in the loss of art, drawings, notebooks, and books, and the cancellation of a planned London show.

Thomas J Price, Artist Behind Viral Times Square Sculpture, Unveils New Bronze in London

Thomas J Price, Artist Behind Viral Times Square Sculpture, Unveils New Bronze in London

Thomas J Price has unveiled a monumental new bronze sculpture, *A Place Beyond*, at the entrance to the V&A East museum in London. The 18-foot-tall figure, his tallest work to date, depicts a young Black woman in contemporary clothing holding a cell phone, created from a composite of many individuals rather than a single model. The sculpture will greet visitors when the new museum branch opens next month.

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NADA Miami 2025 opened at Ice Palace Studios with strong early sales and a buoyant mood, as crowds streamed through the aisles on Tuesday morning. Dealers reported brisk business, with Polina Berlin selling multiple works by artists including Tamo Jugeli, Parmen Daushvili, and Casey Bolding, while Charles Moffett sold ten paintings by Kenny Rivero. The fair, hosting around 140 exhibitors, saw participation from galleries like Deanna Evans Projects, Alice Amati, and Gladwell Projects, with many dealers expressing relief and confidence after a multi-year contraction in the art market.

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Art Basel Hong Kong has announced its exhibitor list for the 2026 edition, featuring 240 galleries from 42 countries and territories, roughly the same size as last year's 242 galleries. The fair runs March 27–29 at the Hong Kong Convention and Exhibition Centre, with preview days on March 25–26. New additions include 32 first-time exhibitors from Australia, Japan, Turkey, France, Germany, and the US, while 33 galleries from the previous edition are absent—some due to closures (Blum, Clearing, Kasmin) or acquisitions (Millan bought by Almeida & Dale). A new sector called Echoes will showcase works created in the last five years, and the Encounters sector will be curated by a team led by Mami Kataoka. Media artist Ellen Pau will oversee the film program for the first time, and Shahzia Sikander has been commissioned to create a public artwork for the M+ Museum facade.

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ARTnews sent correspondents Daniel Cassady and George Nelson to cover the social scene at Art Basel, documenting their experiences across three nights of parties, dinners, and cocktail hours. Cassady's journey was marred by travel delays, but he eventually attended a dinner hosted by Thaddaeus Ropac at Safran Zunft, a garden party by Sean Kelly Gallery, and a late-night gathering organized by multiple galleries. Nelson arrived smoothly and joined Cassady for drinks, noting the challenges of street noise and cabbage smells near their Airbnb.

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Artnet News, in collaboration with Morgan Stanley, analyzed auction data from the Artnet Price Database to assess the state of the European Old Master market since 2018. The investigation explores how efforts to contemporize Old Masters—through juxtapositions at art fairs like TEFAF and Masterpiece London, and gallery shows such as David Zwirner's 'Endless Enigma'—have correlated with market trends for Contemporary and Ultra-Contemporary artists whose work is visibly influenced by classical European art. The report also examines the impact of living artists inspired by Old Masters, suggesting that restricting analysis to historical works alone may underestimate their ongoing influence on the art market.

Venice Biennale 2026: all the national pavilions, artists and curators so far

The 61st edition of the Venice Biennale, the world's oldest and most prestigious art biennial, will open on 9 May 2026 and run through 22 November. The main exhibition follows the curatorial plan of the late Koyo Kouoh, while national pavilions have been announcing their participating artists and organizers. The article provides a comprehensive list of confirmed pavilions so far, including artists such as Genti Korini (Albania), Matías Duville (Argentina), Khaled Sabsabi (Australia), Florentina Holzinger (Austria), Faig Ahmed (Azerbaijan), and many others, with details on venues and organizers.

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Alma Allen, a self-taught Utah-born sculptor based in Mexico, has been confirmed as the U.S. representative for the 61st Venice Biennale, opening in May. His pavilion exhibition, titled “Alma Allen: Call Me the Breeze,” will be curated by Jeffrey Uslip and commissioned by Jenni Parido of the American Arts Conservancy. Allen’s selection is notably unconventional: he has no major museum solo exhibitions and was dropped by his galleries, Mendes Wood and Olney Gleason, after accepting the commission. The U.S. State Department’s brief release frames the presentation as highlighting “alchemical transformation of matter” and “elevation,” aligning with the Trump Administration’s focus on “American excellence.”

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ARTnews has announced the nominees for the 2025 ARTnews Awards, which honor excellence in art at US institutions and galleries. The awards, now in their second year, feature six categories: Emerging Artist, Established Artist, Lifetime Achievement, Best Thematic Museum Exhibition, Best Gallery Group Show, and a newly introduced Best Historical Artist category. The jury includes five top US curators and two ARTnews editors, with winners to be celebrated in November.

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A group of 50 artists and cultural figures has sent a letter to Judy Chicago and Pussy Riot founding member Nadya Tolokonnikova, accusing them of “artwashing” for their collaborative exhibition “What If Women Ruled the World?” scheduled to open September 25 at the Tel Aviv Museum of Art. The letter calls for the exhibition’s cancellation, arguing that it is hypocritical to present a feminist show at an Israeli institution while Israel’s military actions in Gaza have killed over 28,000 women and girls since October 2023, according to UN Women. Tolokonnikova has stated she is not involved in decisions about the work’s current venue, while museum director Tania Coen-Uzzielli rejected the idea that canceling exhibitions is a meaningful response to the conflict.

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The article reports on a severe downturn in the art market during summer 2025, with gallery closures, declining auction sales, and widespread pessimism. Notable dealers Tim Blum and Adam Lindemann have shut their galleries, and a survey by France's Professional Committee of Art Galleries (CPGA) found 85% of respondents pessimistic about the sector's economic health, with turnover down 6% in 2024. The Art Dealers Association of America (ADAA) canceled its October Art Show in New York, and some dealers are considering small business loans to cover costs. Meanwhile, galleries like Goodman Gallery are embracing e-commerce to adapt.

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Actor Robert De Niro announced that artist R.H. Quaytman has won the 2016 Robert De Niro Sr. Prize, awarded to a mid-career painter for excellence and innovation. Quaytman, represented by Gladstone Gallery and Miguel Abreu Gallery, is known for mixed-media works on wood panels that blend photography, printmaking, and technology, often organized into series called "chapters." She will receive a $25,000 prize at a ceremony in New York on December 14. The selection committee included curators from the Metropolitan Museum of Art, the Guggenheim Museum, and the Whitney Museum.

‘What a fascinating challenge for an artist’: how Monet captured Venice in his twilight years

A major exhibition at San Francisco's de Young Museum, titled 'Monet and Venice,' brings together over 100 works, focusing on the two dozen paintings Claude Monet created during his only visit to the city in 1908. The show contextualizes his Venetian output with works by contemporaries like J.M.W. Turner, John Singer Sargent, and Pierre-Auguste Renoir, revealing that the trip was almost cancelled and was initially planned as a brief holiday.

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Art Basel Paris at the Grand Palais has drawn a constellation of satellite fairs across the city, including Paris Internationale and Asia Now, both celebrating their 10th anniversaries. Paris Internationale, founded in 2015 by gallerists Ciaccia Levi, Crèvecœur, and Gregor Staiger, presents 59 galleries and seven non-profit spaces from 19 countries at the Rond-Point des Champs-Élysées, emphasizing independence and artist-centered values. Asia Now, held at the Monnaie de Paris, returns with the theme “Grow,” featuring 68 galleries and focusing on plural, borderless Asian contemporary art. Newcomers 7 rue Froissart and Upstairs Art Fair add community and irreverence, while Detroit Salon launches a three-year global roadshow with its first stop in Paris.

10 Must-See Shows During the Venice Biennale 2026

The 2026 Venice Biennale is embroiled in multiple controversies, including the cancellation and reinstatement of Australia's representative artist Khaled Sabsabi, ongoing calls to bar Israel from participating, criticism over allowing Russia to participate, and mounting voices to exclude the U.S. in response to President Donald Trump's actions in Iran. Despite these disputes, the article highlights that many of the city's most exciting shows will take place away from the main Biennale venues.

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A group of cultural leaders including Kristina Newman-Scott, Heather Hubbs, Franklin Sirmans, Maribel Pérez-Wadsworth, and Sarah Harrelson hosted a launch party at Tropezón Miami for ECOLOGIES, a four-day series of public programming presented by NADA, the Knight Foundation, Pérez Art Museum, and CULTURED. The event featured tapas and tequilas, with guests including philanthropists Jorge and Darlene Pérez, artist Anastasia Samoylova, and NADA Director Heather Hubbs, among many others. Attendees received a copy of 'The Deep State: Art, Culture & Florida' as a parting gift.

New catalogues reveal Royal Collection's vast sculpture holdings—and Queen Victoria's acquisition spree

A new four-volume catalogue, authored by former royal surveyor Jonathan Marsden, documents approximately 1,800 sculptures in the Royal Collection. The publication reveals the unsystematic nature of the collection's growth, driven by royal tastes and historical opportunities, and highlights significant discoveries like a previously unknown bronze satyr by Benvenuto Cellini.

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The Hirshhorn Museum and Sculpture Garden has launched the "50 for 50" loan program, a landmark initiative to disperse over 200 artworks from its collection to museums in all 50 U.S. states and Puerto Rico. Major works by artists like Jackson Pollock, Georgia O'Keeffe, and Willem de Kooning will be loaned for up to five years, with a focus on reaching underserved and rural communities.

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London’s Courtauld Gallery will open two new contemporary art galleries at its Somerset House campus, funded by a £10 million ($13.8 million) gift from the Blavatnik Family Foundation. The top-floor spaces, originally built as a display area for the Royal Society in the 18th century, are expected to debut in 2029. The donation brings the foundation’s total support for the Courtauld to £20 million ($27.5 million), following earlier backing for the museum’s 2021 renovation. The new galleries will be programmed in part by students in the Courtauld’s curating master’s program and will host exhibitions connecting historical and contemporary art.

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Jeff Koons's latest exhibition at Gagosian Gallery in New York features his new series of large-scale porcelain and stainless-steel sculptures, including the centerpiece *Aphrodite* (2016–21), an eight-and-a-half-foot-tall nude. The show marks Koons's first solo presentation in New York in seven years and follows a turbulent period in his career, including record auction sales, a move to Pace Gallery and back to Gagosian, and two lawsuits. Critic Christopher Garcia Valle panned the works as unstimulating and banal, arguing they fail to awe viewers despite their technical ambition and massive scale.

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Museums across the United States are preparing exhibitions to mark the 250th anniversary of American independence in 2026. The New York Historical will present "Democracy Matters," opening June 19, 2026, exploring voting, free speech, and land rights through works by Thomas Cole, Mel Chin, and Lady Pink alongside historic documents. The Museum of Fine Arts, Boston will debut "America at 250" on the same date, integrating Native and non-Native art with pieces like Gilbert Stuart's portrait of George Washington and a critique by Mohawk artist Alan Michelson. The National Portrait Gallery had planned "Amy Sherald: American Sublime" for September 2025, but Sherald canceled the show over censorship concerns in July 2025. The Philadelphia Museum of Art will host "A Nation of Artists" from April 2026 through September 2027, featuring Frederic Edwin Church's "Pichincha."

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The United Kingdom has imposed a temporary export bar on Sandro Botticelli's painting "The Virgin and Child Enthroned" (c. 1470), valued at £10.2 million ($13.5 million). The work was sold to a foreign buyer at Sotheby's London last fall for £8.6 million, but the export license deferral—recommended by the Reviewing Committee on the Export of Works of Art—gives British institutions until August 8 to express interest in acquiring it. The painting, previously attributed to Botticelli's workshop, was confirmed as an autograph work through new scientific analyses and has been in the private collection of Lady Wantage since 1904.

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Art Basel has announced the winners of its first-ever Art Basel Awards, a new global honors program recognizing excellence across the contemporary art world. The 36 medalists include artists such as David Hammons, Lubaina Himid, Joan Jonas, and Adrian Piper, as well as patrons, curators, museums, and other art-world figures. The awards were unveiled at a press event in New York, with CEO Noah Horowitz and director Vincenzo de Bellis outlining the structure: medalists will later select 12 gold medalists, with up to six artists receiving $50,000 each and a commission for the 2026 Art Basel fair. The jury includes prominent museum directors and curators from around the world.

Todd Gray Reframes Black Diasporic History

Todd Gray's exhibition "Portals" at Perrotin in Los Angeles features multi-paneled photo assemblages that juxtapose images of slavery with European art, architecture, and formal gardens, exploring the evolution of Black history and identity. The show coincides with the opening of his commissioned installation "Octavia's Gaze" (2025) at the new David Geffen Galleries of the Los Angeles County Museum of Art. Gray's works incorporate his own photographs alongside sources like Hubble Space Telescope imagery, creating layered visual puzzles that invite viewers to find connections and ask questions about African diasporic identity.

10 Exhibitions to See in Upstate New York This May

Hyperallergic's guide highlights 10 exhibitions opening in Upstate New York this May, including the Hessel Museum of Art's annual showcase of thesis exhibitions by graduates of the Center for Curatorial Studies at Bard College, featuring works by Alice Aycock, Arthur Jafa, Mike Kelley, and Ana Mendieta. Other notable shows include Daniele Frazier's camera-less photography at September Gallery, Onnis Luque's investigation into resource exploitation at Art Omi, and Japanese woodblock prints at the Frances Lehman Loeb Art Center. The guide also covers Lukaza Branfman-Verissimo's mixed-media works and Maria Auxiliadora da Silva's paintings.