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.

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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.

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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.

Éliane Radigue, Electronic Music Pioneer, Dies at 94

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Éliane Radigue, a pioneering French composer and electronic music visionary, has died at the age of 94 in Paris. A student of musique concrète founders Pierre Schaeffer and Pierre Henry, Radigue became renowned for her meditative, long-form compositions created primarily on the ARP 2500 modular synthesizer. Her work, deeply influenced by Tibetan Buddhism, focused on the subtle, sculptural qualities of sound and "barely perceptible" sonic shifts.

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Rana Begum’s solo exhibition, "Reflection," is currently on view at the Gallery at Windsor in Vero Beach, Florida, following its debut at the SCAD Museum of Art. The exhibition showcases Begum’s signature style, which utilizes industrial materials like metal bars and reflectors to create elegant abstractions influenced by American Minimalism and Islamic architecture. The show traces her journey from a young immigrant in the UK to a Royal Academician, highlighting her ability to manipulate light and color through geometric forms.

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High Line Art and the Chanel Culture Fund have launched a partnership to co-commission rising artists working in digital and time-based media for High Line Originals, a film series hosted at the High Line Channel in Manhattan. The fourth cycle begins September 10 with the premiere of Frank Wang Yefeng's "Groundless Flower – ཨ" (2025), and the program shifts from a biannual to an annual commissioning cycle. Additional U.S. premieres by Cao Fei, Lu Yang, and Jakob Kudsk Steenson will screen on September 8 and 9, with a group show featuring Petra Cortright in November 2025.

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The Metropolitan Museum of Art's Costume Institute announced its spring 2026 blockbuster exhibition, "Costume Art," which will explore the relationship between fashion and the dressed body across visual art history. Curator Andrew Bolton explained that the show aims to correct the long-held belief that fashion must be disembodied to be considered art. The exhibition will inaugurate the new 12,000-square-foot Condé M. Nast galleries and will pair historical and contemporary garments with paintings, drawings, and objects spanning 5,000 years from the Met's other curatorial departments.

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Galleries Sprüth Magers and Skarstedt have announced joint representation of artist George Condo, ending his six-year partnership with Hauser & Wirth. Condo has a long history with both galleries: he first showed with Monika Sprüth in 1984 and was represented by Skarstedt from 2004 to 2019. The announcement comes after a two-venue exhibition earlier this year that involved both Sprüth Magers and Hauser & Wirth. Condo's market remains strong, with recent auction sales exceeding $6 million and a current retrospective at the Musée d’Art Moderne de Paris.

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A new two-volume collection of Okwui Enwezor's writings, titled "Okwui Enwezor: Selected Writings, Volume 1: Toward a New African Art Discourse" and "Volume 2: Curating the Postcolonial Condition," has been published by Duke University Press in 2025, edited by Terry Smith. Spanning over a thousand pages and covering the years 1994 to 2019, the collection gathers Enwezor's catalog essays, exhibition reviews, and analyses, tracing his evolution as a poet, writer, curator, theorist, educator, and museum director who died in 2019 at age 56.

Art Market Minute February 2026

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The art market is witnessing a significant shift in the commercial viability and valuation of performance art. While the medium has been sold in various forms for years, its increasing presence at major art fairs and galleries suggests a new era where collectors are beginning to prioritize the documentation and rights to live works as legitimate assets.

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Museums across the United States are presenting a series of major exhibitions featuring Black artists in conjunction with Black History Month. Highlights include the final stop of Noah Davis's first museum show at the Philadelphia Museum of Art, a major retrospective of self-taught artist Minnie Evans at Atlanta's High Museum, a thematic group show of Black women artists at the Banneker-Douglass-Tubman Museum, a long-overdue South Carolina retrospective for 92-year-old artist Leo Twiggs at the Gibbes Museum, and a survey of Tavares Strachan's work at the Los Angeles County Museum of Art.

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Artnet News lists 10 immersive installation artworks that are creepy enough to double as haunted houses for Halloween. Featured works include Alex Da Corte's "Die Hexe" (2015) at Luxembourg & Dayan, which transformed a townhouse into a ghostly dollhouse with a morgue; Mike Kelley's "Exploded Fortress of Solitude" (2011) at Hauser & Wirth, a sculptural interpretation of Superman's lair; Jonah Freeman and Justin Lowe's "Scenario in the Shade" at Red Bull Studios, a dystopian arts festival installation; Tobias Rehberger's "Bar Oppenheimer" (2013) at Hotel Americano, featuring disorienting dazzle camouflage patterns; and Puppies Puppies' "Gollum" at Queer Thoughts, where an actor in a Gollum mask performs live.

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Barbara Chase-Riboud, now 86, reflects on her transformative 1958 trip to Egypt, which she undertook on a dare as a 19-year-old student at the American Academy in Rome. The journey, during which she explored the pyramids and temples of Luxor and Karnak alone, profoundly influenced her artistic practice, leading her to create abstract bronze sculptures that evoke ancient Egyptian forms. The article traces her remarkable career as a sculptor and writer, highlighting her many firsts: the first Black female artist acquired by MoMA (at age 16), the first Black woman to earn an MFA from Yale, the first living female artist to have a solo show at the Metropolitan Museum of Art, and the only visual artist to appear on the cover of Ebony.

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Artist Christian Marclay is interviewed at Berlin's Neue Nationalgalerie ahead of his exhibition "The Clock," a 24-hour single-channel video installation that runs through January 25, 2026. The artwork is a meticulously edited collage of film clips, each showing a timepiece or time-related action, synchronized in real-time so that the film's time matches the viewer's actual time. Marclay discusses his long-standing interest in time, the project's origins in the early 2000s, and his process of deconstructing and linking found footage, emphasizing the crucial role of sound in smoothing transitions.

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Spanish Surrealist Joan Miró created the "Constellations" series of 23 paintings on paper between January 1940 and September 1941, during the turmoil of the Spanish Civil War and World War II. Fleeing to Normandy and later Palma de Mallorca, Miró used oil and tempera on small sheets, producing joyful, abstract works filled with floating forms reminiscent of music and the cosmos. The series was shipped to New York in 1944 and exhibited in 1945 at Pierre Matisse's gallery, where it captivated exiled European artists and may have influenced Jackson Pollock's all-over drip painting style.

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Filippo Lorenzin, an independent curator at London's Victoria and Albert Museum, and artist Marianna Benetti built a miniature art museum for their pet gerbils, Pandoro and Tiramisu, during lockdown. The couple spent four hours constructing the tiny gallery from cardboard, paper, and wood, featuring rodent-themed parodies of famous artworks including Gustav Klimt's *The Kiss*, Johannes Vermeer's *The Girl With the Pearl Earring*, Leonardo da Vinci's *Mona Lisa*, and Edvard Munch's *The Scream*. They filmed the gerbils exploring the space and shared the footage on Reddit, where it quickly went viral.

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Artist Ilana Savdie, known for her electrically colorful and biomorphic paintings, presents a new series titled "Glottal Stop" at White Cube in New York. The exhibition explores themes of camouflage, animal mimicry, and the physical toll of global discord, featuring works that use pigmented beeswax, oil, and acrylic to create nearly sentient surfaces. Savdie draws from horror films, Baroque painting, and anatomy books, incorporating suspended painted latex sheets into an immersive, maze-like installation.

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New York appraiser and art dealer Glenn Spellman discovered an abstract painting signed "E.H." on the Goodwill thrift store website last fall. Suspecting it might be by Eva Hesse, he enlisted his sister Kara Spellman, director of estates and acquisitions at Hollis Taggart gallery, who confirmed the painting's authenticity by consulting the artist's catalogue raisonné at the Metropolitan Museum of Art's library. The painting, titled *Landscape Forms* (1959), was acquired for $40,000 and will be auctioned at Christie's New York on May 15 with an estimate of $60,000–$80,000. A second Hesse work, *No title* (1964–65), will be offered at Phillips New York the previous day.

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.

Our Guide to New York Art Week 2026

New York Art Week 2026 brings a major convergence of art events across the city, including several prominent art fairs such as Frieze New York, Independent New York, TEFAF New York, and NADA New York. The week also features gallery openings spanning from Tribeca to the Upper East Side, as well as auction previews ahead of key sales at Sotheby’s, Christie’s, and Phillips.

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Thaddeus Mosley, the acclaimed American sculptor known for his monumental wood abstractions, has died at the age of 99 in Pittsburgh. Throughout a career spanning seven decades, Mosley transformed salvaged walnut, sycamore, and cherry wood into curvaceous, gravity-defying forms that balanced immense weight with a sense of lightness. Though he was a long-standing pillar of the Pittsburgh creative community, he achieved widespread national recognition and major museum representation only in his 90s.

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Devon Turnbull, also known as OJAS, has a dedicated listening room featuring his custom-built high-fidelity sound system as part of the "Art of Noise" exhibition at the Cooper Hewitt Smithsonian Design Museum in New York. The installation, titled HiFi Pursuit Listening Room Dream No. 3, occupies Andrew Carnegie's former personal library and features scheduled listening sessions with the artist or guests, including notable figures like filmmaker Josh Safdie, musician Laraaji, and artist Tom Sachs.

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Tishan Hsu, a 74-year-old artist who began creating abstract paintings with sculptural elements in the 1980s, has recently gained significant recognition. His first-ever museum survey was held at the Hammer Museum in Los Angeles in 2020, followed by his debut at the Venice Biennale in 2022. Now, Hsu is showing new works at Lisson Gallery in New York through January 24, his first exhibition with the gallery after joining its roster. These paintings on wood boards incorporate artificial intelligence, a tool Hsu has embraced to generate surreal imagery that merges skin, organs, and natural forms, alongside a video created using a gaming engine.

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Naotaka Hiro's latest paintings, on view at Bortolami gallery in New York through November 1, were inspired by a harrowing experience seven years ago when he discovered a stranger living in the crawlspace beneath his Los Angeles home. Hiro now creates his works by lying supine with his canvas suspended just 13 inches above his body—the exact height of that crawlspace—often cutting holes through the canvas and wrapping it around himself with ropes to paint from all angles. The resulting abstractions, filled with forms resembling plants, fish gills, and veins, function as a 360-degree body scanner and a form of self-exploration.

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Donald Moffett's latest exhibition, "Snowflake," opened at Alexander Gray Associates in New York, marking his first solo show in the city since 2019. The exhibition features extruded oil paintings created with cake-decorating tools, including works like "Lot 052525 (nature cult, melt 1)" and "Lot 061625 (nature cult, melt A)," which depict melting snow as a metaphor for the climate crisis. Moffett draws a parallel between this show and his 1989 exhibition "I Love It When You Call Me Names" at Wessel O’Connor Gallery, both titles reclaiming derogatory terms—"homo art" then, "snowflake" now—as acts of defiance. The palette is predominantly black and white, reflecting what Moffett describes as "dark times" and the stark choices of the current political climate.

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The Berkeley Art Museum and Pacific Film Archive (BAMPFA) will mount a comprehensive retrospective for interdisciplinary artist Maren Hassinger, opening in June 2025. Titled "Living Moving Growing," the exhibition will span her five-decade career, featuring early wire rope and tree branch sculptures from the 1970s, large-scale recreations, performances, and workshops. Co-curated by chief curator Margot Norton and senior curator Anthony Graham, the show aims to highlight Hassinger's dual practice as a sculptor and performer, with some works staged in partnership with the University of California Botanical Garden.

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Dara Birnbaum, a pioneering video artist known for subverting mainstream media through her re-edited television clips, has died at age 78. Her longtime representative, Marian Goodman Gallery, confirmed her death but did not disclose a cause. Birnbaum rose to prominence in the late 1970s and 1980s by pirating TV programs and resequencing their images to disrupt passive viewing. Her most famous work, *Technology/Transformation: Wonder Woman* (1978–79), loops clips of Lynda Carter as the superhero, exposing hidden politics and questioning the show's brand of feminism. The piece is now regarded as a landmark in both feminist art and video art.

Comment | Cow in MSCHF project survives, but should the project have happened at all?

The Brooklyn-based art collective MSCHF concluded its two-year project 'Our Cow Angus,' in which the fate of a live cow was determined by token holders. Purchasers of tokens representing future hamburgers and leather had the option to return them via a 'remorse portal'; when over 50% were returned by the March 13 deadline, the cow was sent to a sanctuary instead of a slaughterhouse.

Inside Sunpride Foundation’s Mission to Champion LGBTQ+ Art Across Asia

Patrick Sun founded the Sunpride Foundation in 2014 to support LGBTQ+ communities through art, combining his passion for contemporary queer Asian art with philanthropy. The foundation's flagship "Spectrosynthesis" exhibition series has been staged at major institutions across Asia, including the Museum of Contemporary Art, Taipei, and the Bangkok Art and Culture Centre. The latest iteration, "Spectrosynthesis Seoul," opened at Seoul's Art Sonje Center and runs through June 28, 2026. Sun, a Hong Kong-born real estate developer and longtime art collector, built the foundation's collection with a focus on works suitable for museum exhibitions about queer identity.

New Louvre Chief Christophe Leribault Reveals His Vision for the Museum Post-Heist

Christophe Leribault, the new director of the Louvre, has outlined his vision for the museum following a $100 million heist in October 2025. The Apollo Gallery, where the theft occurred, will reopen in July with a redesigned display that removes mineral cases to highlight its Romantic wall paintings, inspired by Versailles’s Hall of Mirrors. Empress Eugénie’s diamond-and-emerald crown, crushed by the thieves, is being restored and will become a new highlight. Security upgrades include window bars, 100 new cameras by 2026, a mobile police station, and a new security coordinator. The heist led to the resignation of former director Laurence des Cars in February.