Sellers at the May Marquee Auctions Revealed, Bogotá’s MAMBO Museum Loses Its Director, and More: Morning Links for May 4, 2026

The spring auction season is underway, with ARTnews revealing that Jean-Michel Basquiat's 1983 painting *Museum Security (Broadway Meltdown)* is headed to Sotheby's contemporary art sale on May 14 with a $45 million estimate, consigned by Joahn Sayegh-Belchatowski. Christie's postwar and contemporary day sale includes a collection dubbed "A Matter of Seeing" from Ronald Lauder. Meanwhile, Lévy Gorvy Dayan is testing a new auction-gallery hybrid model, and British billionaire Joe Lewis plans to sell another $200 million in art at Sotheby's in June. In other news, Martha Ortiz has left the Museo de Arte Moderno de Bogotá (MAMBO) following harassment allegations, after the earlier dismissal of artistic director Eugenio Viola. The article also covers a planned Derrick Adams portrait of Koyo Kouoh in Venice, the death of cartoonist Nicole Hollander, a free-entry stunt by Maurizio Cattelan at Fondation Beyeler, a Christo installation at Gagosian London, and a report on Italian Prime Minister Giorgia Meloni's political interference in cultural institutions, including the Venice Biennale.

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The US government selected artist Robert Lazzarini and curator John Ravenal to represent the United States at the 2026 Venice Biennale, coinciding with the 250th anniversary of America's founding. However, negotiations with a partner institution collapsed within three weeks, and the commission was withdrawn before any public announcement, leaving the international art world questioning who will ultimately represent the country. In other news, the original cover photograph for David Bowie's album *Aladdin Sane* sold for £381,400 at Bonhams London, setting a new auction record. Gagosian has teamed up with filmmaker Wes Anderson to recreate Joseph Cornell's New York studio in Paris for an exhibition titled "The House of Utopia Parkway: Joseph Cornell's Studio Reimagined by Wes Anderson." The long-anticipated opening of the Grand Egyptian Museum has reignited calls for the British Museum to repatriate the Rosetta Stone, and a Denver-based cryptocurrency entrepreneur has unveiled a plan to build a 450-foot-tall statue of Prometheus on Alcatraz Island.

florida art history professor suspended over charlie kirk comments controversial bayeux tapestry transfer is delayed and more morning links for september 18 2025 1234752605

An art history professor at Florida Atlantic University, Karen Leader, has been placed on administrative leave following social media posts about Charlie Kirk, a murdered activist. The suspension has sparked debate over free speech, with Leader stating her comments addressed Kirk's past statements rather than his killing. Separately, the Bayeux Tapestry's planned transfer for restoration ahead of its loan to the British Museum has been delayed due to national strikes in France, with authorities citing security concerns. Other news includes the evacuation of artifacts from Gaza City, the disappearance of a 3,000-year-old gold bracelet from the Egyptian Museum in Cairo, and Christie's upcoming sale of a David Hockney double portrait expected to fetch over $50 million.

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The sixth edition of Upstate Art Weekend (UAW) launched with a party at Assembly in Kingston, New York, founded by Helen Toomer in 2020. The festival has grown from 23 participants to 158 across 6,000 square miles, reflecting the pandemic-era exodus of artists and collectors from New York City to the Hudson Valley region. The event featured a fundraiser for abortion-rights nonprofit Noise for Now and drew a diverse crowd of attendees.

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Phillips New York's modern and contemporary evening sale on Tuesday night generated $52 million, a 40 percent drop from the $86 million achieved in the same sale last year. The auction exactly met its pre-sale estimate, but five lots failed to sell and four were withdrawn. Despite the overall downturn, five new records were set for women artists, including Kiki Kogelnik, Ilana Savdie, Olga de Amaral, and Grace Hartigan. The top lot was Jean-Michel Basquiat's *Untitled* (1984) at $6.6 million, followed by works by Ed Ruscha and Donald Judd. Bidding was active for several works, with many going to US buyers, and a painting by Yu Nishimura, newly represented by David Zwirner, sold for more than double its estimate.

More Than 300 Yayoi Kusama Works Take Over a German Museum

The Museum Ludwig in Cologne has launched a major retrospective of Yayoi Kusama's work to mark its 50th anniversary. The exhibition features over 300 pieces, including sculptures, paintings, and installations, and spans her entire career from a childhood drawing to a newly commissioned Infinity Room. It also debuts several works in a museum setting and spreads beyond the gallery walls to the museum's roof.

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The art market is gearing up for a high-stakes spring season with major estate collections from S.I. Newhouse and Robert Mnuchin slated for auction at Christie’s and Sotheby’s, collectively valued at over half a billion dollars. Meanwhile, London’s spring marquee sales showed strong momentum, with Christie’s and Sotheby’s reporting significant year-over-year increases in their evening sale totals, despite a more modest performance from Phillips.

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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.

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Frieze New York 2025 is set to take place at the Shed in Manhattan, bringing together over 65 contemporary art galleries from more than 25 countries. The fair coincides with major institutional shows at the Guggenheim, Whitney Museum, and the Metropolitan Museum of Art, as well as the recent reopening of the Frick Collection after a $220 million renovation. Notable galleries include Gagosian, Hauser & Wirth, Pace, and David Zwirner, alongside international dealers like Goodman Gallery and Kurimanzutto. The Focus section, curated by Lumi Tan, features 12 young galleries. On the eve of the fair, Frieze itself was sold by Endeavor to former CEO Ari Emanuel for a reported $200 million.

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The Sam Gilliam Foundation has been sued over a disputed Drape painting, while the Art Dealers Association of America announced it will not hold its annual New York fair, The Art Show, in 2025, citing a strategic pause. Christie's reported $2.1 billion in auction sales for the first half of 2025, matching last year's figure but down 22% from 2023, and a juvenile Ceratosaurus fossil sold for $30.5 million at Sotheby's. Galleries are seeing movement: Nicole Wittenberg joins Acquavella Galleries, Harper Levine plans a Bangkok space, and Felix Rödder will open Rodder on Manhattan's Upper East Side. Yale University Art Gallery withdrew federal grant applications over anti-DEI language, and the Smithsonian American Art Museum named Mary Savig curator-in-charge of the Renwick Gallery.

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Many artists are rethinking traditional gallery representation, seeking not just sales but also help with copyrights, visibility, and partnerships. Flexible co-representation arrangements are on the rise, with major galleries like Hauser & Wirth launching initiatives like Collective Impact to co-represent rising artists alongside their smaller founding galleries. Some artists are joining agencies or representing themselves, driven by social media's past ability to build direct collector relationships, though its power has recently declined due to algorithm changes.

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Artnet News's 'Wet Paint' gossip column reports from Frieze Week in New York, noting a prevailing cultural pessimism fueled by essays on the death of culture and the impact of the second Trump administration. Amidst this, Jeff Koons's 'Hulk Elvis' sculptures at Gagosian's Frieze booth (priced at $3 million each, with one sold) offered a perverse relief. The column also highlights the second edition of the Esther art fair at the Estonian House, described as an 'aura fair' prioritizing community and a welcoming environment over strict commercial focus, contrasting with the more predictable Frieze fair.

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At the VIP opening of Frieze New York on Wednesday, dealers reported strong sales despite economic uncertainty from Trump administration policies and trade war threats. The fair, recently sold to Hollywood powerhouse Ari Emanuel, returned to the Shed in Hudson Yards with 67 exhibitors. Gagosian Gallery generated the most buzz, selling one of three Jeff Koons Incredible Hulk sculptures—polychromed steel works priced around $3 million each—and placing a hold on another. Other notable sales included works by Tuan Andrew Nguyen, Tomie Ohtake, Sheila Hicks, Liza Lou, and Gertrude Abercrombie, with galleries like James Cohan, Galeria Nara Roesler, Thaddaeus Ropac, Karma, and Hauser & Wirth reporting brisk business.

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The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

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The Venice Biennale, often called the 'Olympics of the art world,' is spotlighting Latin American art in its 2024 edition. Curated by Adriano Pedrosa, director of the São Paulo Museum of Art and the first South American and openly queer person to hold the role, the exhibition titled 'Foreigners Everywhere' features over 330 artists, with more than 80 having ties to Latin America—about 24 percent of the show, up from 11 percent in 2022. The article examines the market for Latin American art, noting that while auction records exist (e.g., Frida Kahlo's $34.9 million painting), total auction volume for Latin American artists has declined from $388.3 million in 2015 to $245.5 million last year, reflecting a specialized market dominated by a few internationally recognized figures.

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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.

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Sotheby's will auction Maurizio Cattelan's 18-karat solid gold toilet, titled "America" (2016), during its marquee New York sales next month. The 100-kilogram work will be installed in a bathroom at the Breuer Building, Sotheby's new headquarters, with public viewing beginning November 8 and the auction on November 18. The starting bid will be set by the work's weight in gold, around $10 million. Separately, the article examines shifting boundaries in artist representation, using Tom Sachs as an example of a fine artist who worked with a PR agency (The Lede Company) for brand collaborations while his gallery Thaddaeus Ropac handled his fine art, raising questions about where a gallery's role ends and an agency's begins.

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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.

The Business of KAWS: What Data and a Museum Show Reveal About His Market

The San Francisco Museum of Modern Art (SFMOMA) is currently hosting a major survey of KAWS, marking the final stop of a three-city tour that highlights the artist's unique blend of commercial savvy and institutional ambition. The exhibition features a range of works from diamond-encrusted sculptures for Kid Cudi to a 'genius' membership drive that sold 1,000 KAWS-branded museum memberships at $300 each. Despite a significant cooling in his auction results—dropping from a 2019 peak of $112.9 million to just $7.72 million last year—the artist continues to draw massive crowds, particularly among younger demographics.

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Es Devlin, the renowned set designer behind iconic pop culture moments for Beyoncé, Kanye West, Lady Gaga, and Miley Cyrus, is shifting focus from large-scale commercial spectacles to more personal artistic projects. A new monograph and retrospective at the Cooper Hewitt, titled "An Atlas of Es Devlin," catalogues her three-decade career, while her latest installation "Surfacing," commissioned by BMW and unveiled at Art Basel 2024, marks a turn toward fine art. Devlin, now 50, describes this phase as a liberating new chapter where she feels "nothing to lose."

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Billionaire hedge funder and art collector Kenneth Griffin revealed he was the buyer of record-breaking copies of the Emancipation Proclamation and the Thirteenth Amendment, both signed by President Abraham Lincoln, at a Sotheby's New York auction. The Thirteenth Amendment sold for $13.7 million, more than five times the previous record, while the Emancipation Proclamation fetched $4.4 million. Griffin, founder of Citadel, is an avid collector of rare historical documents and high-value art, having previously purchased a copy of the U.S. Constitution for $43.2 million and major works by artists like Willem de Kooning, Jackson Pollock, and Jean-Michel Basquiat.

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Artnet News analyzed six standout lots from the marquee May auctions at Christie's and Phillips, highlighting both surprising successes and failures. Among the 'hot lots,' Mark Tansey's study for "The Enunciation" (1992–93) sold for $3.2 million at Christie's—over ten times its low estimate—while Henri Matisse's tiny portrait "Henriette, robe jaune" (1923) fetched $1.4 million, nearly quadrupling expectations. Firelei Báez's "Untitled" (2017) also soared, selling for $381,000 at Phillips, more than triple its high estimate. The article contrasts these with 'top flops,' though the provided text focuses on the successes.

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This edition of State of Play, part of Artnet Pro's Asia Pivot newsletter, reports on recent developments across Asia's art world. Taipei Dangdai Art and Ideas and Art Busan both concluded with slower sales and reduced attendance, citing economic and geopolitical uncertainty. Meanwhile, Art Basel announced a new fair in Doha for February 2026, and more Asian galleries are opening spaces in New York. In institutional news, philanthropist Yan Du is launching Yan Du Projects in London, the Simose Art Museum in Japan is hosting its first contemporary exhibition, and the Smithsonian's National Museum of Asian Art has repatriated looted Zidanku Silk Manuscripts to China.

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Christie’s postwar and contemporary art day sale in London on Thursday totaled £12.2 million ($16.4 million), with over 80% of lots sold and 90% of those achieving prices within or above their presale estimates. Standout results included a 2020 painting by Somaya Critchlow selling for £57,150 (est. £15,000–£20,000), a small Etel Adnan painting going for £107,950 (est. £30,000–£50,000), and a Michelangelo Pistoletto mirror piece fetching £234,950—seven times its estimate. However, a Toyin Ojih Odutola painting and a Gerhard Richter gray painting failed to sell, reflecting a selective market.

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.

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Art Basel has appointed artist Wael Shawky as the artistic director of its upcoming fair in Doha, Qatar, scheduled to open in February. This marks a departure from the company's usual practice of selecting directors from the commercial art world. Shawky, who represented Egypt at the Venice Biennale and has had solo exhibitions at Tate Modern and MoMA PS1, will curate around 50 single-artist presentations across two venues, M7 and the Doha Design District, with equal pricing for exhibitors initially. A selection committee including dealers from international and regional galleries will assist in choosing participants.

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.

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 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Zoe Leonard Departs Hauser & Wirth for New York’s Maxwell Graham Gallery

Zoe Leonard, a celebrated conceptual artist whose work will appear at the Venice Biennale next week, has left Hauser & Wirth—a global gallery with 14 locations—to join Maxwell Graham, a smaller New York-based gallery known for spare conceptual presentations. Leonard will continue to be represented by her longtime galleries, Cologne’s Galeria Gisela Capitain and Milan’s Raffaella Cortese. Maxwell Graham staged its first Leonard exhibition last year with “Display,” featuring photographs of historical objects in museums. Leonard is the second artist to depart Hauser & Wirth in the past year, following George Condo’s exit in November.