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.

The shifting market for luxury: can legacy brands navigate new trends and buyers?

Bénédicte Épinay, president and CEO of Comité Colbert, is organizing 'Hidden Treasures,' an exhibition of French luxury brands at The Shed in New York in late May 2025, timed after Frieze art fair and auction week. The show features 96 French luxury brands, 17 cultural institutions, and six European luxury brands, including Musée du Louvre, Balenciaga, Louis Vuitton, and Cartier. The initiative is part of a broader cultural diplomacy strategy, following a similar exhibition in Shanghai in 2024 that helped reduce tariffs on cognac. The article also notes shifting luxury market dynamics, with strong US sales growth projected at 8% in 2026, while Europe remains stagnant, and emerging markets like India show new wealthy buyers driving auction house growth.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

The North Can Do More Than Design

Der Norden kann mehr als Design

During Stockholm Art Week, the Swedish capital showcases itself as a leading Nordic art destination. Highlights include textile sculptures by Diana Orving at Millesgården Museum, two concurrent art fairs—the independent Supermarket and the 20th edition of Market Art Fair—and numerous gallery exhibitions, artist talks, and studio visits. The Market Art Fair features 54 booths and over 150 artists, with a focus on Nordic positions, including works by Ólafur Elíasson and the duo Inka & Niclas. The city's art scene is growing, with many new galleries opening and strong private institutions like Bonniers Konsthall and Fotografiska participating.

Latin American galleries dominate at Frieze New York

Frieze New York 2025 features a surge of 14 Latin American galleries from Mexico, Argentina, and Brazil, reversing a trend of withdrawal seen during the first 100 days of Donald Trump’s second presidency. Non-profit support from organizations like Latitude, which helped all eight Brazilian exhibitors, and a concerted effort by Frieze’s Americas team have enabled this increased presence, despite ongoing challenges such as high shipping costs, tariffs, and visa denials—exemplified by Mexican artist Dr Lakra being unable to attend his own show at Kurimanzutto.

Christie’s Kiran Nadar Exhibition Is the Latest Indicator of the South Asian Art Market’s Growing Importance

Christie’s London will host “The Meeting Ground,” a non-selling exhibition of works from the Kiran Nadar Museum of Art (KNMA) in New Delhi, from July 16 to August 21, 2025. The show features Indian modernists such as M.F. Husain, S.H. Raza, K.G. Subramanyan, and F.N. Souza, alongside contemporary South Asian artists, Indigenous art practitioners, and diaspora artists. Admission is free. The exhibition follows a series of record-breaking auction sales for South Asian art, including Husain’s *Untitled (Gram Yatra)* (1954) sold at Christie’s New York for $13.8 million in March 2025 and Raja Ravi Varma’s *Yashoda and Krishna* (ca. 1890s) sold at Saffronart for $17.9 million.

From The Sheep Detectives to Rivals: your complete entertainment guide to the week ahead

This week's entertainment guide from The Guardian includes a major outdoor sculpture exhibition of Henry Moore's monumental works at Kew Gardens, running from May 9, 2026 to January 31, 2027. The show features 30 of Moore's sculptures in the largest-ever presentation of outdoor works by the English modernist. Additionally, Parham Ghalamdar presents a solo exhibition of post-apocalyptic ceramic and glass works at Blenheim Walk Gallery in Leeds, and Photo London, the UK's leading photography fair, returns for its 11th year, moving to Kensington Olympia after a decade at Somerset House.

Judd Foundation Taps Copper Hewitt Curator as New Director of Design

The Judd Foundation has appointed Alexandra Cunningham Cameron as its first director of design, a new role overseeing Donald Judd Furniture LLC. Cameron, currently a curator of contemporary design at the Cooper Hewitt, Smithsonian Design Museum in New York, will start on April 27, guiding product development, operations, and strategic growth for the foundation's furniture line, which produces over 70 designs based on Donald Judd's original specifications.

In Turin, fashion photography is the protagonist of The Phair 2026. All the news of the seventh edition of the fair

A Torino la fotografia di moda è protagonista di The Phair 2026. Tutte le novità della settima edizione della fiera

The Phair, a photography fair in Turin, returns for its seventh edition from May 22 to 24, 2026, at the OGR – Officine Grandi Riparazioni. This year's edition focuses on fashion photography as an autonomous art form, featuring works by photographers such as Nanda Lanfranco, Giovanni Gastel, Françoise Huguier, Marco Glaviano, and Michelangelo Di Battista. Participating galleries include Photo & Contemporary, Ira Leonis, Deodato Arte, Jaeger Art, and many others. The fair also expands its curatorial committee with figures like Umberto Benappi, Emilio Bordoli, and Brandei Estes.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

Fred Tomaselli Turns Newspaper Headlines Into Mulch at His New Show at James Cohan

Fred Tomaselli presents his new exhibition “Blooms Disrupted,” opening May 15 at James Cohan’s 48 Walker Street location in New York. The show features his signature densely layered resin paintings embedded with organic matter like leaves and pharmaceutical pills, alongside a new series of collages constructed from New York Times front pages. The anchor piece, *Month of August (evening)*, combines a geometric spiral of headlines with a photographic Mexican sunflower, while other works reference art-historical gardens such as Frederic Edwin Church’s estate. Tomaselli, a Brooklyn-based artist born in 1956, uses the garden as both subject and metaphor throughout the exhibition.

Vima 2026: Highlights From Cyprus’ Emerging International Art Fair

The second edition of Vima, Cyprus' emerging international art fair, took place in Limassol from May 15-17, 2026, drawing 5,200 visitors and featuring 26 invited galleries from over 20 countries. Artworks sold ranged from €550 to €90,000, reflecting increased sales from the inaugural 2025 edition. Highlights included a special exhibition curated by Kostas Stasinopoulos titled "The Crashing Waves," performances by Scottish choreographer Magnus Westwell, and notable presentations by galleries such as Cut Art Gallery (Riga) and Eins Gallery (Limassol). The fair also hosted 25 events including talks, live music, and off-site shows across Limassol and Nicosia.

Ed Ruscha | Angel (2014) | For Sale

Ed Ruscha's 2014 lithograph "Angel" is being offered for sale through Leslie Sacks Gallery in Santa Monica. The work is a unique color trial proof from an edition of 60, measuring 23 by 16 inches, hand-signed and numbered by the artist, and includes a certificate of authenticity. The listing appears on Artsy, where the price is available on request, and notes increased collector interest over the past 14 days.

Ed Ruscha | Clock (1994) | Art & Prints

This article presents Ed Ruscha's 1994 print "Clock," a Mixografia print on handmade paper measuring 40 1/2 × 34 inches, part of a limited edition of 75 plus 7 artist's proofs. The work is being offered by Upsilon Gallery, which has locations in New York, London, Miami, and Milan. The article includes a biography of Ruscha, noting his career since the 1960s, his use of unusual materials like gunpowder and Pepto Bismol, his representation of the United States at the 2005 Venice Biennale, and his auction record of $68.3 million at Christie's in 2024.

How Sweden Built One of Europe’s Most Stable Art Markets

The article examines Stockholm's art scene and its role in building one of Europe's most stable art markets. It highlights Market Art Fair, the city's main contemporary fair founded in 2006 by Nordic galleries, which has become the leading commercial art fair in the region and the anchor of Stockholm Art Week. The piece profiles several galleries, including Steinsland Berliner and ISSUES Gallery, and artists such as Linnéa Sjöberg and Arvida Björström, whose work explores identity, digital culture, and emotional labor. The scene is described as small but lively, with galleries collaborating closely and collectors showing patience.

Russia's 2026 Venice Biennale Will Not Open to the Public, and Other News.

Russia's pavilion at the 2026 Venice Biennale will be closed to the public for nearly the entire run of the exhibition (May 9–November 22), with access limited to a brief preview period for press and invited guests. Instead of physical access, visitors will experience the pavilion's project—titled 'The Tree Is Rooted in the Sky'—via video documentation displayed on exterior screens. The arrangement is widely seen as a compromise shaped by international sanctions and political backlash over Russia's return following its absence after the 2022 invasion of Ukraine. In other news, Matthieu Blazy unveiled his first Chanel cruise collection in Biarritz; San Francisco appointed Matthew Goudeau as its first-ever executive director of arts and culture; the Saudi Arabia Museum of Contemporary Art received a $490 million construction grant from Diriyah Company; and online auction sales grew 8 percent in 2025, generating $423.9 million.

The Dallas Art Fair: A Balance Of Growth And Consistency

The Dallas Art Fair (DAF), founded in 2009 by developer John T. Sughrue and curator Chris Byrne, concluded its eighteenth edition this past weekend. Director Kelly Cornell, who started as an intern and became director in 2016, has strengthened partnerships with the Dallas Museum of Art, Nasher Sculpture Center, and Dallas Contemporary, while securing sponsors like Bank of America. The fair has grown from 35 to over 90 galleries, though it still lacks mega-galleries like Gagosian, Hauser & Wirth, David Zwirner, and Pace. International participation this year included about 20 galleries, with notable names such as Perrotin, Anat Egbi, and Hesse Flatow, while galleries from Germany and China were absent.

BITS & BYTES May 22, 2026: What’s happening in the Berkshires and beyond!

The article announces four upcoming art exhibitions in the Berkshires region of Massachusetts. At The Mount in Lenox, the 2026 Sculpture at The Mount exhibition titled "Flourish" runs from May 24 to October 24, featuring outdoor sculptures exploring growth, resilience, and connection. In Great Barrington, Childs + Clark Gallery opens "Glass Half Full: Hope, Happiness & Resilience" on May 23, inviting artists to respond to contemporary overwhelm. Also in Great Barrington, Lauren Clark Fine Art presents "In Celebration of the Fine Art Print" from May 23 to July 12, showcasing 18 artists working in print media. At Gallerie 271 in Monterey, "Two to Tango" features works by Jaye Alison and Bill Carlson from May 22 to July 4.

What you want from your body? Antony Gormley, iron and crawling

British sculptor Antony Gormley discusses his solo exhibition "What Holds Us" at Galleria Continua in San Gimignano, on view from 9 May to 13 September 2026. The show transforms the gallery's former cinema-theatre into an interactive environment where visitors are invited to crawl through massive cardboard bodies, exploring interior spaces and shifting from passive spectatorship to bodily engagement. Gormley explains that the title connects "hold" and "whole," suggesting that being held—by the ground, the womb, or the body—is essential for growth and wholeness.

Art Busan Bets on Sustainability Over Speculation

Art Busan's 15th edition, taking place May 21–24, 2026 at BEXCO Exhibition Center, will feature over 110 galleries from 18 countries, with expanded programming including craft and design sections, curated exhibitions, and a new section called LIGHTHAUS that reframes gallery booths as curated environments. Data from the 2025 edition indicates an art market reorganization rather than contraction, with increased pre-sale activity, repeat attendance, and purchases across a wide price spectrum, suggesting a shift away from speculation toward sustained engagement.

Watch: Wallace Chan returns to the Venice Biennale with ‘Vessels of Other Worlds’

Wallace Chan returns to the Venice Biennale for the fourth time with 'Vessels of Other Worlds', a two-city exhibition opening at the Chapel of Santa Maria della Pietà in Venice on 8 May 2026 and continuing at the Long Museum West Bund in Shanghai from 18 July, coinciding with the artist's 70th birthday. Curated by James Putnam, the project features large-scale titanium sculptures that explore material transformation, perception, and metaphysical space, including a live video link between the two venues and an inhabitable mirrored sculpture at the Long Museum.

How the South Side Community Art Center Grew from an Icon of the Black Renaissance to a Vital and Expanding Force

The South Side Community Art Center (SSCAC) in Chicago, the first Black art institution in the United States, is undergoing a major rehabilitation and expansion campaign. Founded in 1940 during the Chicago Black Renaissance, the center was established by community members including Dr. Margaret Taylor-Burroughs, Eldzier Cortor, Charles White, and Archibald Motley Jr., who raised funds through initiatives like the 'Mile of Dimes' campaign and the Annual Artists' and Models' Ball. Housed in a historic Bronzeville brownstone, the center has served as a vital hub for Black artists, hosting landmark exhibitions and creative programs.

San Diego Museum of Art is Celebrating 100 Years With its Most Ambitious Exhibition Yet

The San Diego Museum of Art is marking its 100th anniversary with what it describes as its most ambitious exhibition to date. The show brings together a wide range of works from the museum's collection and loans, aiming to celebrate a century of artistic achievement and institutional history.

Conductor Launches in Brooklyn With Venice Biennale-Bound Artists and Immersive Projects

Conductor, a new art fair hosted by Powerhouse Arts, opened in Brooklyn on Wednesday night, drawing over 800 visitors within hours. The fair features 28 galleries and 20 special projects, with installations spilling out of traditional booths into shared spaces. Highlights include House of Silence, a tent-like structure by Turkish artist Vuslat and architect Sana Frini; Retorno (2022) by Juan José Barboza-Gubo, presented by Praise Shadows Gallery; and works by Beya Gille Gacha, who is set to appear in the Cameroon Pavilion at the Venice Biennale. Fair director Adrianna Farietta noted that some galleries had to withdraw due to the war in Iran, but the result remains an inclusive and immersive event.

Billionaire Collector Fred Eychaner Sued Over Chicago Museum Expansion

Billionaire philanthropist Fred Eychaner, founder of the private exhibition space Wrightwood 659 in Chicago's Lincoln Park neighborhood, is being sued by Lisa Berron, a condo owner who claims the museum's planned expansion will block natural light and skyline views from her top-floor home. Berron filed suit in Cook County Circuit Court in March, alleging that the expansion would rise above her roofline and sit just feet from her windows. Eychaner's team has already purchased two of the three units in her building and argues the project complies with existing zoning laws, while Berron reportedly rejected settlement offers and demanded nearly $4 million for her condo, which was appraised at around $1.2 million.

The documentary dedicated to Sicilian patron Antonio Presti airs on Rai Tre. Here is the video preview.

Va in onda su Rai Tre il documentario dedicato al mecenate siciliano Antonio Presti. Qui la video anteprima

On Tuesday, May 19, 2026, at 3:30 PM, RAI 3 will broadcast the documentary "Asteroide 20049 Antonio Presti," produced by Rai Documentari and dedicated to Sicilian patron Antonio Presti (born 1957). Written by Fedora Sasso and Francesco Castellani, curated by Giulietta Venneri, and directed by Fedora Sasso, the film explores Presti's four-decade career using art to intervene in marginalized areas of Sicily. The documentary's title references an asteroid named after Presti, symbolizing his vision linking cosmic and urban space. It opens at the Astrophysical Observatory of Isnello and focuses on the Catania neighborhood of Librino, where Presti created MAGMA, an open-air museum developed through collaboration with students, artists, and residents.

The Château de Boutemont: An Architectural Gem to Discover in Normandy

Il Castello di Boutemont: un gioiello architettonico da scoprire in Normandia

The Château de Boutemont in Ouilly-le-Vicomte, Normandy, has reopened for its new season running through November. Now in its sixth year under owners Johanna Wistrøm-Monnier and Bruno Monnier, the property has seen steady growth in visitors thanks to investments in its gardens and the opening of three castle rooms. Bruno Monnier founded Culturespace in the 1990s, a private company that manages museums such as the Palais des Papes in Avignon and the Ateliers des Lumières immersive art centers. Johanna Wistrøm-Monnier, formerly director of the Dan Graham Foundation, now dedicates herself full-time to the estate, which features gardens designed by famed landscape architect Achille Duchêne.

Arte contemporanea, fiabe e favole nel racconto di Artbox su Sky Arte

The article previews an upcoming episode of the Italian television program "Artbox" airing on Sky Arte on Tuesday, May 12. The episode visits Castello di Miradolo in Piedmont, where the exhibition "C'è oggi una fiaba" (There Is a Fairy Tale Today) runs until June 21, blending art, literature, and music around childhood themes. Curator Roberto Galimberti and Fondazione Cosso director Paola Eynard discuss the show. The episode also features art historian Maria Vittoria Baravelli's segment "Invito al viaggio," reinterpreting fairy tales as dynamic spaces for growth, referencing artists Luigi Serafini and Luigi Ontani. Additionally, curator Gražina Subelytė discusses the exhibition "Peggy Guggenheim a Londra. Nascita di una collezionista" in Venice, and curators Stefania Bossi, Michele Tavola, and Valentina Cane present the show "Regina. Sperimentatrice geniale" about a prolific sculptor. The program includes a book segment on Orsina Simona Pierini's "I colori delle case. Milan Interiors 1923-1978."

In Piedmont, Langhe, Roero and Monferrato increasingly focus on contemporary art and cultural tourism

In Piemonte le Langhe, il Roero e il Monferrato puntano sempre di più sull’arte contemporanea e il turismo culturale

The Langhe, Roero, and Monferrato regions of Piedmont, Italy, have consolidated their cultural alliance under the name Orma, a unified system launched in 2025 that brings together four existing festivals—Creativamente Roero, Resté, Germinale Monferrato Art Fest, and La collina sale sempre—to offer a widespread contemporary art program across the UNESCO World Heritage territory. In 2026, Orma expands its activities from May to November, involving over 60 municipalities, with new entries like Canelli hosting a site-specific work by Brazilian artist Maria Theresa Alves in partnership with Castello di Rivoli, and projects such as Prospettive / Perspectives with Fondazione Sandretto Re Rebaudengo and Villa Arson. The program includes artist residencies, permanent interventions, and exhibitions, with Resté already underway in the Langhe towns of Diano d'Alba, Montelupo Albese, Rodello, and Cerretto Langhe.

Crystal Bridges to host panel on museum expansion May 29

Crystal Bridges Museum of American Art in Bentonville, Arkansas, will host a ticketed panel discussion on May 29, 2026, to celebrate its upcoming expansion. The conversation, titled "By Design: A Conversation on the Crystal Bridges Expansion," will feature museum founder Alice Walton, board chair Olivia Walton, and architect Moshe Safdie, moderated by Vanity Fair's Nate Freeman. The event takes place at the Heartland Whole Health Institute on the museum campus ahead of the formal expansion opening on June 6-7, which includes free programming and the debut of "Keith Haring in 3D," the first exhibition focused on the artist's three-dimensional work.