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This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

Louvre Theft Caused by Mismanagement; Veterans Sue to Halt Building of Arc de Trump: Morning Links for February 20, 2026

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A French parliamentary commission has released a scathing report accusing the Louvre of systemic mismanagement and a 'denial of risks' following the October 2025 theft of the French crown jewels. The investigation suggests the museum operates as an unaccountable 'state within a state,' leading to security failures that enabled the high-profile heist. Meanwhile, veterans have filed a lawsuit to block the construction of the 'Arc de Trump' monument in Washington D.C., and the National Constitution Center faces leadership turmoil amid political pressure.

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On Sunday at around 9:30 a.m., robbers broke into the Louvre's Apollo Gallery using a cherry picker and an angle grinder, stealing nine pieces of jewelry worth an estimated $102 million in less than eight minutes. ARTnews consulted security experts who noted that the theft exploited systemic vulnerabilities, pointing to a pattern of recent museum heists including the Natural History Museum in Paris, the Drents Museum in the Netherlands, and the Dresden crown jewels theft in Germany. The Louvre had previously faced staff walkouts over inadequate security staffing, and director Laurence des Cars has requested a police station be installed at the museum.

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Greece's culture minister Lina Mendoni has publicly criticized the British Museum for hosting a lavish £2,000-a-ticket Pink Ball near the Elgin Marbles, attended by celebrities including Mick Jagger, Naomi Campbell, and Janet Jackson. Mendoni accused the museum of showing 'provocative indifference' by using the ancient Greek sculptures as mere 'decorative elements' for entertainment, echoing similar criticism from a fashion show held in the same gallery last year. Separately, disgraced Miami art dealer Les Roberts, previously charged with selling forged Andy Warhols, has opened a shop called Labubu Headquarters in Coconut Grove selling collectible monster figurines, despite bond conditions restricting him from working in the art industry. The article also reports that Richard Diebenkorn's estate has joined Gagosian, the J. Paul Getty Trust and the World Economic Forum will host a cultural table during Art Basel Paris, and Interpol has added stolen Louvre jewelry to its database.

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The Centre Pompidou in Paris will close on September 22 for five years of renovation work, leaving the Paris art scene without one of its major institutions. Before closing, visitors have three more days to see the photography exhibition “Wolfgang Tillmans: Nothing could have prepared us – Everything could have prepared us,” which occupies 65,580 square feet in the Bibliothèque Publique d’Information. During the closure, the Pompidou will continue its “Constellation” program, dispersing collection holdings to partner institutions including Centre Pompidou-Metz, West Bund Museum in Shanghai, H’ART Museum in Amsterdam, the Grand Palais, and the future Centre Pompidou Francilien.

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Artnet News rounds up eight major controversies that shook the art world in 2025, including a brazen theft of crown jewels from the Louvre Museum in Paris, which exposed severe security gaps and led to a staff strike. Another key scandal involves a lawsuit filed by heirs of the Stern family against the Metropolitan Museum of Art and the Basil and Elise Goulandris Foundation, alleging that a Van Gogh painting was looted by the Nazis and later concealed through a series of transactions in New York.

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This roundup covers multiple developments across the Asian art world. Notable events include the death of Korean artist Suki Seokyeong Kang at age 47; Robin Peckham leaving his role as co-director of Taipei Dangdai; Lucy Liu becoming a partner at Rachel Uffner Gallery, which will rebrand as Uffner and Liu; STPI Creative Workshop and Gallery presenting the first Southeast Asian solo show for Cuban artist Wifredo Lam; Art Week Tokyo returning with Adam Szymczyk curating its AWT Focus platform; Japanese painter Yu Nishimura joining David Zwirner; and the Rijksmuseum inviting Fiona Tan to curate a major exhibition. Other highlights include the 13th Seoul Mediacity Biennale, Tate Liverpool's planned 2027 reopening with a Chila Kumari Singh Burman retrospective, a Louvre-Doraemon collaboration, Boo Ji-hyun's permanent installation in Japan, Christie's Hong Kong Spring Asian Art Week sales totaling HK$567.6 million, and Sotheby's postponing a controversial Hong Kong auction of Buddhist relic-linked jewels. Hyundai Artlab named Jiaying Sim and Elvia Wilk as its 2025 Artlab Editorial Fellows.

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Christie’s marquee auction on Monday night in New York generated $488.8 million in total sales, led by Piet Mondrian’s 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.6 million—just shy of the artist’s $51 million auction record. The sale featured the Leonard & Louise Riggio collection, the largest single collection of the season, comprising 39 works estimated at $252–326 million; after one withdrawal and one unsold lot, the group achieved $271.9 million. Many high-profile lots, including works by Alberto Giacometti, René Magritte, Barbara Hepworth, Gerhard Richter, Mark Rothko, and Andy Warhol, sold on single bids to third-party guarantors, reflecting a cautious market.

Catherine Pégard Named French Culture Minister; Frieze Los Angeles Clocks Enthusiastic Sales; Morning Links for February 27, 2026

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French President Emmanuel Macron has appointed Catherine Pégard, the former president of the Château de Versailles, as the new French Culture Minister. Pégard faces immediate challenges, including addressing the recent theft of the French crown jewels from the Louvre and managing Macron’s ambitious $1 billion overhaul of the museum. Meanwhile, the VIP opening of Frieze Los Angeles has reported robust sales, with dealers describing the atmosphere as a "frenzy" amidst a notable trend in textile-based art and photography.

empress eugenies crown to be restored after louvre heist rembrandt drawing breaks auction record morning links for february 5 2026 1234772357

The Louvre has released images of Empress Eugénie's crown for the first time since it was stolen and crushed during a heist of French crown jewels. Thieves used an angle grinder to cut into a display case, jammed the crown through a narrow opening, and dropped it while fleeing. Restorers, overseen by an expert committee, will repair the mostly intact crown without needing to reconstitute it. In other news, a rare Rembrandt drawing of a lion sold for $17.9 million at Sotheby's, breaking the artist's record for a work on paper, with proceeds benefiting the nonprofit Panthera. Thaddaeus Ropac is expanding to New York with a project space, hiring Emilio Steinberger as senior director. Calls are growing for former French culture minister Jack Lang to resign from the Institut du Monde Arabe over ties to Jeffrey Epstein. The historic Variety Arts Theater in Los Angeles reopened with a video art exhibition organized by collector Julia Stoschek and curator Udo Kittelmann.

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The Louvre was forced to close on Monday after staff launched strike action demanding urgent building renovations, improved security, increased staffing, and protesting a planned 45% ticket price increase for non-EU visitors. The strike follows a turbulent period for the museum, including a daylight theft of French crown jewels worth $102 million, a water leak damaging hundreds of documents, and safety concerns closing galleries. Meanwhile, Banksy's Walled Off Hotel in Bethlehem has reopened for the first time since 2023, after closing following the Hamas attacks of October 7, 2023, and the ensuing Israel-Hamas war. The hotel, which opened in 2017, sits opposite the West Bank barrier and features original Banksy works, positioning itself as a cultural platform for peace and Palestinian artists.

trumps tariffs upending decorative arts trade famsf gifted 1600 works by kirk edward long morning links for november 4 2025 1234760128

President Donald Trump's tariffs on wood imports, introduced to support American manufacturers, have inadvertently disrupted the international trade in antiques and decorative arts. Memphis-based antique dealer Millicent Ford Creech notes that the tariffs unfairly penalize dealers specializing in pre-1800 pieces with no domestic equivalent, as fine art is exempt but collectible furniture and decorative items are not. Separately, the Fine Arts Museums of San Francisco (FAMSF) received a gift of 1,600 works from local collector Kirk Edward Long, rich in early modern European prints, paintings, antiquities, and decorative arts, as part of its multiyear 'Gifts of Art' initiative. Other news includes a rare jewelry box identified in Vermeer paintings, a Rembrandt drawing sold by Thomas S. Kaplan for conservation charity, and a popular 'Grumpy Guide' tour at Düsseldorf's Kunstpalast performed by artist Carl Brandi.

michael werner to open second gallery in new york us government finally invites artist proposals for venice biennale sothebys to sell bhudda jewels morning links for may 5 2025 1234740589

The US State Department has finally posted a grant for artists to submit proposals for the 2026 Venice Biennale pavilion, after an unusual delay that sparked speculation the Trump administration might skip the event. The posting includes new "MAGA-fied criteria" that remove previous language about diversity and equity, instead requiring compliance with Federal anti-discrimination laws and prohibiting programs promoting Diversity, Equity, and Inclusion. Meanwhile, the National Endowment for the Arts canceled grants and the Trump administration proposed eliminating the agency entirely. Other news includes a trove of Buddha relics heading to auction at Sotheby's Hong Kong, Michael Werner opening a second New York gallery, and the Art Institute of Chicago's president taking leave amid an investigation.

Jeweled Snuffboxes Stolen in Brazen Paris Heist Go on Display

Jeweled Snuffboxes Stolen in Brazen Paris Heist Go on Display

Two 18th-century jeweled snuffboxes, stolen in a 2024 axe-wielding heist at Paris's Musée Cognacq-Jay, have been restored and will go on display at London's Victoria and Albert Museum. The boxes, part of the Rosalinde and Arthur Gilbert Collection, were among seven luxury objects stolen; five were later recovered after an insurance payment, but a third snuffbox remains missing.

Cosima von Bonin Loewe Paris

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German artist Cosima von Bonin collaborated with Loewe for its Fall/Winter 2026-2027 womenswear show at the Château de Vincennes during Paris Fashion Week. The artist’s signature plush sculptures, including oversized octopuses and bug-eyed scallops, occupied front-row seats and populated the runway set. Beyond the scenography, von Bonin’s zoomorphic motifs were integrated directly into the collection as jewelry, charms, and minaudières.

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The Winter Show returns to New York's Park Avenue Armory from January 23 to February 1, 2026, blending blue-chip modernism with decorative arts, design, jewelry, and antiques. The fair features a special presentation titled 'Study of a Young Collector,' curated by Patrick Monahan in collaboration with executive director Helen Allen, which imagines the private study of a next-generation collector using works from 11 international dealers exhibiting for the first time. Notable highlights include Jonathan Boos's presentation of Christo and Jeanne-Claude's early work 'Wrapped Toy Horse' (1963), priced at $450,000, and a rare copper and gilt mask by Harlem Renaissance artist Sargent Claude Johnson from 1933, priced at $245,000. Boccara Gallery also showcases modern and contemporary tapestries by artists like Man Ray and Alexander Calder.

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The Philadelphia Museum of Art has opened "Boom: Art and Design in the 1940s," a major survey featuring over 250 works including painting, photography, jewelry, ceramics, fashion, and furniture. The exhibition draws entirely from the museum's own collection, with around 40 percent of the works never exhibited before. It includes early pieces by celebrated figures like Jackson Pollock and Lee Krasner, as well as works by queer artists such as Paul Cadmus, Beauford Delaney, and Romaine Brooks, alongside self-taught artist Horace Pippin. Chief curator Jessica Smith emphasizes that the show aims to present a more complex, multivalent narrative of the decade beyond the dominant story of Abstract Expressionism.

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TEFAF New York is currently running at the Park Avenue Armory through May 13, 2025, drawing large crowds with its cross-category approach spanning fine art, jewelry, design, and antiquities. The article highlights six standout pieces from the fair, including Judy Kensley McKie's animal-motif furniture at Delorenzo Gallery, Zaha Hadid's 'Liquid Glacial' coffee table at David Gill Gallery, and Indigenous Australian artist Mantua Nangala's dot paintings at Salon 94. Other notable works include Camilla Moberg's glass sculpture 'Goldie' at Galerie Maria Wettergren, Etienne Henri Martin's mid-century lounge chairs at Demisch Danant, and Robert Cottingham's painting 'Meat Counter' at Galerie Georges-Philippe and Nathalie Vallois.

Barry X Ball’s Wild Sculptures Are Perfectly at Home at Venice’s Grand Basilica of San Giorgio Maggiore

New York-based artist Barry X Ball's exhibition "The Shape of Time" has opened at the Abbey of San Giorgio Maggiore in Venice, featuring 23 sculptures centered on the elaborate silver and gold piece *Pope Saint John Paul II* (2012–24). The show, organized by curator Bob Nickas, includes many works shown publicly for the first time, such as *Pietà* (2011–22) inspired by Michelangelo and *Saint Bartholomew Flayed* (2011–20). The sculpture of John Paul II, cast in collaboration with Italian jewelry house Damiani, contains hidden references to the pope's life, including his nemeses Hitler, Stalin, and Lenin, as well as a bullet from the 1981 assassination attempt.

police arrest network of louvre ticket fraudsters londons national gallery to cut jobs amid growing deficit morning links for february 13 2026 1234773396

French police have arrested nine individuals, including two Louvre employees, for operating a large-scale ticket fraud scheme targeting the Louvre and the Château de Versailles. The network, which sold fake tickets through guided tours, is estimated to have cost the Louvre around €10 million. The arrests follow heightened scrutiny of the museum's security after a major jewel theft in October.

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Christie’s announced a projected sales total of $2.1 billion for the first half of 2025, matching its H1-2024 figure. While art categories like Impressionist, modern, and Old Masters saw modest growth—Old Masters sales rose 15% to $55 million—luxury categories (handbags, watches, cars, jewelry) surged nearly 30% to $468 million, now accounting for 22% of the total. Notable sales included René Magritte’s *La reconnaissance infinite* (1933) for £10.3 million and Piet Mondrian’s *Composition with Large Red Plane, Bluish Grey, Yellow, Black, and Blue* (1922) for $46.7 million. Guaranteed lots remained low at 1.5%, and the sell-through rate held steady at 88%.

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Sotheby's held its inaugural Abu Dhabi Collectors' Week at the St. Regis Island Resort on Saadiyat Island, transforming the venue into a luxury showcase with handbags, diamonds, watches, a non-selling art display worth $500 million, and rare cars. The week culminated in open-air auctions under a full moon, netting $133 million—far exceeding the $17 million from Sotheby's first Middle East luxury sale in Saudi Arabia earlier this year. Highlights included a 1994 McLaren Formula 1 car sold for $25.3 million, a Jane Birkin Hermès handbag that fetched $2.9 million, and a 31.68-karat pink diamond called The Desert Rose that went for $8.8 million. A jewelry and timepieces sale achieved white-glove status, taking $25.4 million.

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Sotheby's held its inaugural evening sale at the Breuer building, featuring the Contemporary and the Now sale. Auctioneer Oliver Barker achieved $527.5 million in sales, surpassing the pre-sale low estimate of $379 million. The highlight was Gustav Klimt's portrait of Elisabeth Lederer, which sold for $236.4 million, setting an auction record for Klimt and becoming the second most expensive work ever sold at auction. During the sale, auctioneer Phyllis Kao wore a David Webb necklace from the mid-1980s, featuring carved emeralds, rubies, and cabochon sapphires, which was on view and available for private sale at Sotheby's retail salon in the Breuer lobby.

auction houses tapping into jewelry boom brooklyn public library launches art lending program paris photo returns morning links for november 14 2025 1234761805

Christie's incoming global head of jewellery, Max Fawcett, predicts a strong London Jewels sale, citing a 'purple patch' for the division after achieving $87.7 million in New York and a sold-out Magnificent Jewels sale in Geneva. Heritage Auctions, Phillips, and Sotheby's also report record jewellery and watch sales, with demand outstripping supply. Separately, the Brooklyn Public Library has launched an experimental art-lending program alongside its exhibition 'Letters for the Future,' featuring works by 35 artists that patrons can borrow. The article also notes the return of Paris Photo to the Grand Palais, archaeological discoveries in Italy, and updates on trans-inclusivity guidance for UK museums.

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Two suspects have been arrested in connection with the theft of Napoleonic jewels from the Louvre on October 19, including pieces once owned by Emperor Napoleon III and Empress Eugénie. French authorities detained one man at Charles de Gaulle Airport as he prepared to board a flight to Algeria, and both suspects are in their 30s from the Seine-Saint-Denis area. A newly surfaced video allegedly shows the thieves escaping with $102 million worth of jewelry via a furniture lift; eight artifacts remain missing. Separately, Sotheby's Paris achieved record-breaking totals for Surrealist and modern art auctions during Art Basel Paris, with a Modigliani painting selling for €27 million, the most expensive work ever sold by Sotheby's in France.

How New York City Shaped Harry Winston’s Dazzling Legacy

The luxury jeweler Harry Winston continues to expand its 'New York' collection, a high-jewelry suite first launched in 2018 that pays homage to the founder's birthplace and the city's architectural landmarks. The collection translates iconic New York City motifs—including the hand-carved facades of Upper West Side brownstones, the neon glow of the Broadway theater district, and the neo-Gothic spires of St. Patrick’s Cathedral—into intricate diamond and gemstone arrangements.

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On December 15, 2025, the Musée du Louvre in Paris was forced to close as approximately 400 of its 2,100 employees went on strike, picketing outside the museum's glass pyramids and turning away visitors. The strike follows a series of crises at the institution, including a $102 million jewel heist in broad daylight two months prior, a flooding incident from a burst water pipe in November, and ongoing concerns about deteriorating facilities, long lines, and substandard restrooms and dining areas. Workers are demanding higher wages and better conditions, with three trade unions—CGT, SUD, and CFDT—warning in an open letter that staff feel like "the last bastion before collapse."

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The Louvre has temporarily closed employee offices and the Campana Gallery in the southern Sully wing due to structural concerns identified in a November 14 building assessment report, which warned of fragile floor beams. The closure affects 65 staff members and a nine-room gallery of ancient Greek ceramics. The museum has launched an investigation and plans repairs, following a year of challenges including a staff walkout in June and a dramatic theft of imperial jewels from the Gallery of Apollo in October.

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London's V&A Museum will open "Marie Antoinette Style" in September, the first U.K. exhibition focused on the French queen's influence on fashion and design. Featuring 250 objects including historical artifacts from Versailles, court dresses, jewels, and contemporary pieces, the show explores how Marie Antoinette's lavish personal style—from pastel gowns and towering wigs to rococo interiors—reshaped 18th-century aesthetics and continues to inspire artists and designers like Alexander McQueen and Sofia Coppola. The exhibition is sponsored by shoemaker Manolo Blahnik and includes immersive scent recreations of the queen's favorite perfume.

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A new museum dedicated to Frida Kahlo, the Museo Casa Kahlo, will open on September 27 in Mexico City's Coyoacán district at her family home, Casa Roja. Unlike the existing Museo Frida Kahlo at the adjacent Casa Azul, which focuses on her later career and marriage to Diego Rivera, this institution will explore Kahlo's early life and artistic roots, including her father's photography. The museum will display childhood photographs, dolls, jewelry, letters, her first oil painting, and her only known mural, alongside temporary exhibitions of Mexican, Latin American, and women artists. The project is led by Kahlo's descendants, including Mara Romeo Kahlo and Frida Hentschel Romeo, with support from the Rockwell Group architecture firm and a new nonprofit, the Fundación Kahlo.