Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

art world los angeles report

Frieze Los Angeles 2026 opened amid concerns over the city's cooling art market, following a wave of gallery closures and a shift toward nomadic dealer models. Despite the economic downturn and the lingering shadow of previous regional fires, the fair week saw a resurgence of energy with 32,000 attendees and significant blue-chip sales, including a $3.75 million Ed Ruscha at Gagosian and a $2.8 million Njideka Akunyili Crosby at David Zwirner. The week was characterized by a mix of high-end commerce at the Santa Monica Airport and grassroots vitality at satellite events like Felix and the newly launched Post-Fair.

the art world in 2025

Artnet News staff reflects on the most impactful stories of 2025, covering a wide range of topics from institutional shifts and devastating wildfires to market sensations and conceptual art. Key pieces include Ben Davis's analysis of the art world's 'post-woke' turn, Sarah Cascone's report on Los Angeles artists losing homes in the Eaton Fire, Katya Kazakina's tale of a David Hockney painting yielding a 7,000 percent return at Christie's, Andrew Russeth's coverage of Richard Prince's seven-hour deposition video, Kate Brown's profile of Friedrich Kunath, and Annie Armstrong's introduction of the 'red-chip' art market driven by hype and crypto.

best artworks 2025

Artnet News editors and journalists compiled their annual roundup of the best artworks seen in 2025, highlighting standout pieces from around the world. Among the featured works are Richard Serra's monumental steel sculpture "East-West/West-East" (2014) in the Qatari desert, Emma Ferrer's painting "You Will Return the Evil to Its Steppe (Homage to Josefa de Óbidos)" (2024) shown at New York's Sapar Contemporary, and Kerry James Marshall's "The White Queens of Africa: Colette" (2025) from his retrospective at the Royal Academy of Art. Each artwork is accompanied by a personal reflection from the journalist who encountered it.

art basel 2025

Art Basel 2025 opened in Basel with VIP previews, featuring a mix of high-priced works like Félix González-Torres's $16 million performance piece and Yu Nishimura's fresh-to-market triptych at €375,000. The fair adapts to a shifting market with lower price points, faster decisions, and new sectors like Premiere for ultra-contemporary art, alongside global expansion including a new fair in Doha. Satellite events like Liste and the Basel Social Club offer alternative experiences, while curated booths, such as Gagosian's 30th-anniversary presentation, blend curatorial idealism with the fair format.

met gala 2025 looks artworks

The 2025 Met Gala, officially the Costume Institute Benefit, was held at the Metropolitan Museum of Art, launching the exhibition “Superfine: Tailoring Black Style.” The event drew a star-studded guest list, with celebrities channeling the theme of Black dandyism through tailored silhouettes, bold patterns, and luxurious fabrics. Several attendees, including Cardi B, Alicia Keys and Swizz Beatz, Colman Domingo, and Janelle Monáe, wore outfits that directly referenced specific artworks, such as Dante Gabriel Rossetti’s *Veronica Veronese*, Frank Stella’s *Rectangular Orange Painting with Diagonal Pattern*, and Hyacinthe Rigaud’s portrait of Louis XIV.

One of Van Gogh’s greatest watercolours could achieve a record price

Sotheby's New York will auction Vincent van Gogh's watercolor *The Harvest in Provence* (June 1888) on May 19, with an estimate of $25–35 million. The work, larger and more elaborate than a related watercolor at Harvard, was created just days before van Gogh's celebrated oil painting of the same scene. It is signed and titled, suggesting the artist considered it a finished piece rather than a mere study, and he sent it to his brother Theo before completing the oil version.

Slags, bings and pipelines: Edinburgh landscape offers fitting backdrop for exhibition on fossil fuel extraction

Jupiter Artland, a sculpture park and gallery near Edinburgh, Scotland, is hosting the exhibition "Extraction" (through July 26), which examines the impact of fossil fuel extraction on landscapes and culture. Set against a backdrop of historic shale oil bings, North Sea oil pipelines, and modern wind farms, the show features five artists who explore energy histories through nuanced, non-polemical lenses. Glasgow-born painter Siobhan McLaughlin uses earth pigments gathered from the nearby Five Sisters Bing to create works like "Date of Exhaustion" (2025) and "Pioneer Species" (2025), turning mining waste into art that reflects on memory, ecology, and regeneration.

times esther kim varet campaign wet paint

Lower Manhattan is getting a new nonprofit art space called Times (styled in lowercase), founded by Summer Guthery and Francesca Sonara. Located on the fourth floor of 151 Lafayette Street above the Museum of Chinese in America, the 3,000-square-foot venue will operate for only three years. Its inaugural exhibition, featuring Danish artist Nina Beier, opens February 21 with a display of melting Cornetto ice cream cones. The space will officially open February 12 with a performance by Latvian choreographer Jana Jacuka. Guthery, previously founding artistic director of Canal Projects, and Sonara, former director of communications at Minnesota Street Project, met as graduate students at Bard College's Center for Curatorial Studies.

gagosian teams up with movie director wes anderson to reimagine joseph cornells new york studio in paris

Gagosian has partnered with filmmaker Wes Anderson to recreate the New York studio of Joseph Cornell at its Paris gallery space on 9 rue de Castiglione. The exhibition, curated by Jasper Sharp and titled “The House of Utopia Parkway,” will run from December 16 to March 14, 2026, transforming the gallery into a tableau that blends a time capsule with a life-size shadow box. It marks the first solo presentation of Cornell’s work in Paris in over four decades, featuring iconic glass-fronted “shadow boxes” such as *Pharmacy* (1943), *Untitled (Pinturicchio Boy)* (circa 1950), and *A Dressing Room for Gille* (1939).

christopher kulendran thomas moma gagosian new museum

Christopher Kulendran Thomas, an artist who has been building his own neural networks for over a decade, is showing new paintings and a video installation at Gagosian's Upper East Side location, with concurrent exhibitions at the Museum of Modern Art and upcoming at the New Museum. His series 'Peace Core' uses AI trained on Sri Lankan painters to generate compositions that are hand-painted onto canvas, depicting Mullivaikkal beach—the site of a 2009 massacre of Tamil civilians during the Sri Lankan civil war. The Gagosian show also features a 24-screen video installation that algorithmically remixes American TV footage from the morning of September 11, 2001, before the attacks became visible.

joel shapiro sculptor dead

Joel Shapiro, the acclaimed Post-Minimalist sculptor known for his playful yet conceptually rigorous works in bronze, aluminum, and wood, died on Saturday at age 83 due to acute myeloid leukemia. His death was announced by Pace Gallery. Shapiro's career spanned decades, with his work appearing at major institutions including the Metropolitan Museum of Art and the United States Holocaust Museum. He began at Paula Cooper Gallery in the 1970s, creating tiny cast-iron houses and chairs that subverted Minimalist monumentality, before evolving toward large-scale figural sculptures made from beams of metal. His 2024 exhibition at Pace Gallery in New York featured towering works, though he resisted calling them colossal.

nada new york independent art fairs sales report

Two major New York art fairs—NADA New York and Independent—opened this week alongside Frieze and TEFAF, marking a crowded spring fair season. Despite a recent market downturn, both fairs reported strong attendance and early sales. NADA's executive director Heather Hubbs noted high-quality visitors and positive feedback on the new venue, while Independent founder Elizabeth Dee cited a 20% increase in opening-day attendance and robust buying from collectors and institutions. Sales ranged from lower-priced works under $50,000 to six-figure transactions, with galleries like Vielmetter Los Angeles, Andréhn-Schiptjenko, and Fleisher/Ollman Gallery reporting significant sales.

pace gallery berlin space opening

Pace Gallery and Judin Gallery have opened a shared exhibition space in a converted 1950s gas station in Berlin's Schöneberg neighborhood, just ahead of Gallery Weekend Berlin. The venue, known as Die Tankstelle, was previously a museum dedicated to German artist George Grosz. Pace rents half the space from Judin founder Juerg Judin, with both galleries sharing operational costs. For the inaugural shows, Judin is exhibiting works on paper by Tom of Finland downstairs, while Pace shows works by Jean Dubuffet, Jean-Michel Basquiat, and Robert Nava upstairs. The galleries will alternate exhibitions, each mounting about three per year.

a tale of four cities

Artnet News and Morgan Stanley have released a report analyzing the global art auction market across four major cities—London, Paris, Hong Kong, and New York—over the period from 2013 to 2023. Total auction sales for the first half of 2024 fell to $5.05 billion, down from $7.17 billion in the same period of 2023. The report highlights a dramatic 49 percent decline in London's auction sales following the 2016 Brexit vote, while New York has maintained its dominant position, driven by blockbuster collections like those of Peggy and David Rockefeller and Paul G. Allen. Hong Kong saw growth until the Chinese property crisis in 2022, and Paris has gained ground post-Brexit, with sales up 30 percent over 2013.

Venice Biennale 2026 Highlights: Arsenale & Giardini

ArtReview editors highlight the must-see national pavilions at the 61st Venice Biennale, running from 9 May to 22 November 2026. Notable presentations include Austria's Florentina Holzinger turning her pavilion into a toilet and sewage-treatment plant with naked performers, and Germany's pavilion featuring works by Sung Tieu and the late Henrike Naumann, who died in February 2026, exploring East German memory and conceptual minimalism.

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

Asian Artists Set the Stage at Independent Art Fair 2026

At the 17th edition of the Independent art fair in New York, six galleries are presenting solo booths dedicated to Asian artists, including a U.S. debut by Taiwanese artist Tseng Chien-Ying and works by Japanese painter Rika Minamitani and Chinese conceptual artist Pu Yingwei. Founder Elizabeth Dee highlights the trend as reflecting broader geopolitical shifts and artists' desire to engage with complex cultural debates in New York.

Cathalijn Wouters’s Lyrical Practice Blurs Painting and Drawing

Amsterdam-based artist Cathalijn Wouters has joined the roster of SmithDavidson Gallery. Her practice, which blends painting and drawing through fields of color and linework, is informed by her graphic design training and a pivotal encounter with modern art at the Stedelijk Museum. She describes her process as beginning with drawings and sketches on linen treated like paper, and cites influences ranging from Marcel Proust to Egon Schiele and postwar painting.

gallerist ron mandos erwin olaf

Gallerist Ron Mandos reflects on the enduring legacy of the late Dutch photographer Erwin Olaf, whose work blended fine art, fashion, and activism. Following Olaf’s death in 2023, Galerie Ron Mandos has continued to champion his career, most recently through the exhibition “Tender Fury,” which places Olaf’s provocative imagery in dialogue with conceptual artist Kendell Geers. The partnership between Mandos and Olaf began in earnest in 2020, a period during which the artist committed to a decade of total creative freedom, resulting in significant series like “Im Wald.”

mnuchin gallery to close

Mnuchin Gallery, a blue-chip art gallery on Manhattan's Upper East Side, will close at the end of February after 34 years, following the death of its founder Robert Mnuchin in December at age 91. The gallery, known for museum-quality exhibitions of Modern and postwar art, concluded its final show—a survey of Julian Schnabel's plate paintings—on Saturday. Partner Michael McGinnis said the decision to close was made to end on a high note, honoring Mnuchin's passion and vision.

what to see milan best museums galleries 2026 winter olympics

The 2026 Winter Olympics are set to begin in Milan, Italy, with an opening ceremony featuring Mariah Carey at San Siro Stadium. While most events take place across northern Italy, the article provides a guide to Milan's top museums and galleries for art-loving visitors during the three-week games. Highlights include exhibitions at Fondazione Prada (with works by Mona Hatoum and Hito Steyerl), Pirelli HangarBicocca (Nan Goldin's "This Will Not End Well" and Benni Bosetto's "Rebecca"), Pinacoteca di Brera (Italian masterpieces plus Giorgio Armani garments), and Museo del Novecento (sports-themed posters by Armando Testa). Several commercial galleries also feature solo shows by artists such as Emily Sunblad, Claudia Losi, and Jonathan Lyndon Chase.

art world insiders 2026 market predictions new years

Art world insiders share their predictions for 2026, anticipating a market rebound after a turbulent 2025 marked by gallery closures and tariff announcements. Key developments include the launch of new art fairs by Art Basel and Frieze in Qatar and Abu Dhabi, the return of the Whitney Biennial and Venice Biennale, and a surge in estate-driven sales as the Great Wealth Transfer accelerates. Experts note a revival of interest in Old Masters and classic taste, with collectors returning to bidding and galleries seeing renewed activity.

martin wong painting unseen art basel miami beach ppow

A long-unseen 12-foot-wide painting by Martin Wong, titled *Tai Ping Tien Kuo (Tai Ping Kuo)* (1982), will be exhibited at Art Basel Miami Beach next month courtesy of New York gallery P.P.O.W. The work, which features a rare nude portrait of the artist’s mother and stepfather, was last shown publicly in 1987 at the Asian Arts Institute in New York. It was kept in storage for decades because Wong’s mother, Florence Wong Fie, objected to its display out of modesty. The painting adopts a classical three-panel altarpiece format, blending Chinese American history with references to Western art, the Taiping Rebellion, and Wong’s own Lower East Side influences.

emerging artist aiza ahmed up next

Emerging artist Aiza Ahmed, a 28-year-old Pakistani-born painter and sculptor who recently completed her MFA at the Rhode Island School of Design, is having a breakout moment in New York. Her first solo show, "The Music Room," is on view at Sargent's Daughters, while she participates in two prestigious residencies: Silver Art Projects at 4 World Trade Center and the Fire Station residency in Doha, directed by Wael Shawky. Ahmed's work explores themes of migration, belonging, and identity, drawing on her family's experience of Partition and her own upbringing across Dubai, London, and the U.S. She will also be the youngest artist at the inaugural Art Basel Qatar in February 2025.

alex katz paul taylor dance gala lincoln center 2025

On November 11, the Paul Taylor Dance Foundation will honor painter Alex Katz at Lincoln Center’s David H. Koch Theater, celebrating a decades-long creative partnership between Katz and the late choreographer Paul Taylor. The collaboration began in 1960 when poet Edwin Denby introduced them for a commission at the Spoleto Festival, leading to 16 works together including "Meridian," "Scudorama," "Private Domain," "Diggity," and "Sunset." At the gala, the company will perform "Sunset," which Katz conceived after observing soldiers in Madrid’s Retiro Park. Katz is also showing new paintings at Gladstone Gallery in New York, while the Museum of Contemporary Art San Diego hosts "Alex Katz: Theater and Dance," the first major survey of his stage work.

judy chicago pussy riot nadya tolakonnikova artwashing

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.

dog days art market

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.

photo london 2025 standouts

Photo London's 10th edition opened with a buoyant mood despite co-founder Michael Benson acknowledging a difficult economic climate. The fair features classics by pioneers like Henri Cartier-Bresson and Brassaï, alongside emerging artists through its Discovery section and Positions platform. Standouts include Palestinian-American artist Adam Rouhana's poignant images of joy and resistance, the special exhibition "London Lives" curated by Francis Hodgson featuring 30 photographers, and a notable booth by Guerin Projects showcasing Robin Hunter Blake's chronophotographic works paired with Rodin's The Kiss.

georgian russian artist zurab tsereteli has died

Georgian-Russian artist Zurab Tsereteli has died at age 91. He served as the chief artist of the USSR’s Ministry of Foreign Affairs and headed Russia’s Academy of Arts, and was a known supporter of Vladimir Putin. His monumental sculptures, favored by Russian elites, were controversial in his native Georgia.