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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.

paris galerie 1900 2000 closed new york branch

Galerie 1900-2000, a Parisian gallery specializing in Dada and Surrealism, has closed its New York branch on Madison Avenue, which opened in February 2023 as a joint venture with Galerie Georges-Philippe & Nathalie Vallois. The Manhattan outpost's last exhibition ended in September, with principal David Fleiss citing a slow market during difficult global times as the reason for the closure, though he did not rule out a future return to New York.

the scene at two essential summer art parties and a bevy of juicy art world gossip

Artnet News' Wet Paint column reports on two summer art parties. The White Columns benefit auction in New York raised $350,000, with works donated by 60 commercial galleries. Highlights included a KAWS 'Companion' piece selling for $16,500 and a Florian Krewer painting for $14,000, auctioned by director Matthew Higgs. Separately, London gallerist Sadie Coles has vacated her 1 Davies Street space after a decade and will open a new 6,000-square-foot location at 17 Savile Row, a historic townhouse that once housed the Burlington Fine Arts Club.

Notes from New York: The World in a Convex Mirror

The article reviews the sixth edition of MoMA PS1's quinquennial survey 'Greater New York 2026,' which coincides with the institution's 50th anniversary. It highlights works by artists such as Covey Gong, Win McCarthy, Mekko Harjo, and Sophie Friedman-Pappas, noting how the exhibition's themeless structure and use of reflective surfaces create a hall of distorted reflections. The show includes 53 emerging and midcareer artists, mostly millennials, and is accompanied by a block party and gala rather than a dedicated commemorative exhibition like FORTY (2016).

hisachika takahashi rauschenberg assistant artist dead

Hisachika Takahashi, an artist who worked as an assistant to Robert Rauschenberg and earlier to Lucio Fontana, has died at age 85. His death was announced by Misako & Rosen, a Tokyo gallery collaborating with Hong Kong's Empty Gallery on a current exhibition of his work. Takahashi remained relatively obscure for decades despite close ties to major figures like Jasper Johns, Brice Marden, and Gordon Matta-Clark, whom he enlisted for his project "From Memory Draw a Map of the United States." He also introduced sushi and sashimi to the menu at Food, the famed artist-run restaurant in New York. In recent years, his work gained renewed attention through efforts by artist Yuki Okumura, leading to exhibitions at WIELS Centre for Contemporary Art in Brussels and Fondazione Prada in Milan.

whitney museum downtown preview

The Whitney Museum of American Art is preparing to open its new Meatpacking District museum, designed by Renzo Piano, on May 1. The new building will nearly double the museum's previous exhibition space, with two floors dedicated to its collection, and is expected to benefit from the millions of visitors who use the High Line. Despite past public criticism of expansions by other major New York museums like MoMA and the Frick, insiders including former MoMA curator Robert Storr and former Whitney director David Ross express strong support for the move, viewing it as a necessary and bold step forward.

antwerp contemporary art museum controvery

Belgium plans to revoke the museum status of Antwerp's Museum of Contemporary Art (M HKA) and transfer its 8,000-work collection to Ghent's Municipal Museum of Contemporary Art (Smak), canceling a promised $93 million new building. The proposal by Flemish culture minister Caroline Gennez has sparked resignations, legal challenges, and backlash from artists including Luc Tuymans and Anish Kapoor, who call it unlawful and a threat to cultural independence. A parliamentary hearing is expected in January 2026.

albright pennsylvania college selling art collection

Albright College in Reading, Pennsylvania, is quietly selling off the Freedman Gallery collection, which includes works by Romare Bearden, Salvador Dalí, Jasper Johns, and Robert Rauschenberg, to address a budget shortfall that recently reached $23 million. Art preparator Rich Houck discovered the storage space emptied without notice and was fired after reporting the move; the college has cut 53 positions, canceled academic majors, and considered selling real estate as part of a broader cost-cutting campaign. Former gallery staff are no longer employed, and major donors were not informed of the sale.

art world italy gallery boom

Austrian art dealer Thaddaeus Ropac is opening a new gallery in Milan, his seventh location, despite initial concerns over Italy's high value-added tax (VAT) on art, which was Europe's highest at 22 percent. The Italian government slashed the VAT to 5 percent in June after pressure from art market players, making it the lowest in the EU. The gallery, spanning over 3,000 square feet in the 18th-century Palazzo Belgioioso, opens on September 20 with a show featuring Georg Baselitz and Lucio Fontana, followed by exhibitions of Valie Export and Ketty La Rocca. Elena Bonanno di Linguaglossa will serve as executive director.

Hyperallergic Fall 2025 New York Art Guide

Hyperallergic has published its comprehensive Fall 2025 New York Art Guide, recommending over 80 exhibitions across all five boroughs. Major highlights include the reopening of the Studio Museum in Harlem after a seven-year renovation, the debut of the new New Museum on the Bowery, and multiple exhibitions marking the 100th anniversary of Robert Rauschenberg's birth at the Guggenheim and the Museum of the City of New York. The guide also features shows by Monet at the Brooklyn Museum, Renoir at the Morgan, and Ruth Asawa and Wifredo Lam at MoMA, along with public art installations by Mika Rottenberg and Lady Pink on the High Line and MoMA PS1 facade.

Our Guide to New York Art Week 2025

New York Art Week 2025 is condensed into a single mega-week starting May 5, featuring major art fairs including Frieze New York, Independent, and TEFAF New York, alongside gallery openings, auction previews, and museum shows. The guide provides a day-by-day itinerary, fair overviews, and practical tips for navigating the week, emphasizing that many events are ticketed or free and do not require VIP passes.

Fairfield University Art Museum Receives CT Humanities Grant for U.S. 250th Anniversary Exhibition

Fairfield University Art Museum has received a $15,000 grant from CT Humanities to support a 2026 exhibition titled *For Which It Stands…*, commemorating the 250th anniversary of the United States. The show will run from January 23 to July 25, 2026, featuring 75 works by diverse artists from the early 20th century to the present, all centered on depictions of the American flag. Highlights include Childe Hassam’s *Italian Day, May 1918* (lent by the Art Bridges Foundation), a new textile sculpture by Maria de Los Angeles, and works by Jasper Johns, Faith Ringgold, Robert Rauschenberg, Shepard Fairey, and Julie Mehretu. Loans come from private collections, artists, galleries, and institutions such as the Yale University Art Gallery, the Gordon Parks Foundation, and the Orlando Museum of Art.

7 Art Exhibitions Worth Planning A Trip Around This Fall

Sophia Penske, founder of Penske Projects and an art advisor at Gagosian Art Advisory, highlights seven European art exhibitions worth traveling for this fall. Key shows include "Picasso and Klee in the Heinz Berggruen Collection" at Madrid's Thyssen-Bornemisza Museo Nacional (October 28, 2025 to February 1, 2026), "Warhol, Pollock and other American spaces" also in Madrid (October 21, 2025 to January 25, 2026), and "Exposition Générale" at Paris's Fondation Cartier pour l’art contemporain (opening October 25). The article also recommends the Rosewood Villa Magna hotel and cultural stops in Madrid, and mentions Yayoi Kusama in Basel and Leonora Carrington in Milan as other seasonal draws.

Bharti Kher Commissioned by Powerhouse Parramatta, Australia’s New Cultural Center Opening Later This Year

British-Indian sculptor Bharti Kher has been commissioned to create a monumental sculpture titled 'Tree of Life' for the entrance of Powerhouse Parramatta, a major new cultural center opening later this year in Parramatta, west of Sydney, Australia. The work, made of four stacked bronze and clay heads, is part of Kher's ongoing 'Intermediaries' series, which began in 2016 after she found a collection of broken clay figurines in her Delhi studio. The commission was reported by Art Asia Pacific, and Kher previously installed related public works in Central Park and at Harvard Business School.

How Latin American Artists Have Harnessed the Allure of Alchemy

A new exhibition titled “Constellations and Drifts: Art from Latin America in the FEMSA Collection” has opened at the Museum of Contemporary Art, Monterrey (Museo de Arte Contemporáneo de Monterrey) in Mexico, running through August 9, 2026. The show features 170 works by 115 Latin American artists from the FEMSA Collection, one of the most prestigious corporate collections of Latin American art, and is organized around five curatorial themes or “constellations,” including a section centered on alchemy. Highlights include works by Diego Rivera, José Clemente Orozco, Francis Alÿs, and a new commission by Argentine artist Ad Minoliti, alongside Surrealist pieces by Remedios Varo, Leonor Fini, Leonora Carrington, and Kati Horna.

winter show french and company

The Winter Show at New York's Park Avenue Armory features a standout booth by the gallery French and Company, presenting a darkly themed collection. The eclectic offerings include Old Master still lifes by Willem Kalf and Willem Claesz Heda, a Victorian ceramic peacock, a 1979 painting by Susan Rothenberg, and a "horror wall" with works like Pasko Vucetic's *Hatred and Madness* and Wilhelm Trübner's *A Gorgon's Head*, all curated by the gallery's Henry Zimet.

malba acquires 1200 works

Eduardo F. Costantini, founder of the Museo de Arte Latinoamericano de Buenos Aires (Malba), announced the acquisition of the Daros Latinamerica Collection in Zurich, adding 1,233 works by 117 artists to the museum's holdings. This roughly doubles Malba's collection to 3,000 works, with a major expansion project planned to accommodate the new pieces, set to begin next fall to mark the museum's 25th anniversary. Highlights include works by Doris Salcedo, Ana Mendieta, Julio Le Parc, Alfredo Jaar, Lygia Clark, and Jesús Rafael Soto, with 75 artists new to Malba.

cimam letter museum organization m hka closure flanders

Two leading museum organizations, CIMAM (International Committee for Museums and Collections of Modern Art) and L'internationale, have sharply criticized the Flemish government's decision to transfer the collection and mission of Antwerp's M HKA to a newly formed museum in Ghent by 2028. In a statement dated October 10, CIMAM's Museum Watch Committee expressed profound concern, calling the plan based on "false administrative logic" and urging the Flemish minister of culture to reverse the decision. L'internationale also published a statement condemning the lack of transparency and consultation, noting that the plan was announced without input from M HKA's leadership or stakeholders. The building housing M HKA will be renovated into a Kunsthalle, and the government has canceled a planned $151 million new building for the museum.

ebony l haynes zwirner global head of curatorial projects

Ebony L. Haynes, a director at David Zwirner since 2020 and founder of the gallery's affiliated space 52 Walker in 2021, has been promoted to the newly created position of global head of curatorial projects. In this role, she will oversee special exhibitions, projects, and collaborations with Zwirner's artists globally, while continuing to direct 52 Walker in New York's Tribeca neighborhood. The space has hosted 16 shows since opening in October 2021, featuring artists such as Kandis Williams, Nikita Gale, Nora Turato, and Raymond Pettibon, whose wrestling-themed drawings and live matches open tonight.

perez art museum miami jose carlos diaz chief curator

The Pérez Art Museum Miami (PAMM) has appointed José Carlos Diaz as its new senior director of curatorial affairs and chief curator, effective October 13. Diaz, a Miami native, returns from the Seattle Art Museum where he served as deputy director of art since 2022, overseeing curatorial programs and the "Calder at SAM" initiative following a major gift of 48 Calder works. He succeeds Gilbert Vicario, who left in February. Diaz previously worked at PAMM when it was the Miami Art Museum, and has held curatorial roles at the Bass Museum of Art, Tate Liverpool, the Liverpool Biennial, and the Andy Warhol Museum.

legendary art collector sylvio perlstein has died

Sylvio Perlstein, the legendary art collector, patron, and impresario, died on August 6. Hauser & Wirth confirmed the news, calling him a visionary who shaped one of the most important art collections of the past century. In 2018, the gallery exhibited 380 pieces from his collection across its Chelsea and Hong Kong locations in the show 'The Sylvio Perlstein Collection – A Luta Continua'. Perlstein was born in Belgium in the 1930s, fled to Brazil with his family during World War II, and later joined the diamond business in Antwerp. His collection spanned Dada, Surrealism, American minimalism, and Land art, featuring works by Man Ray, René Magritte, Donald Judd, and many others. He maintained close friendships with artists and displayed works throughout his Paris home, which cultural critic Arthur Lubow described as 'a contemporary version of Ali Baba's cave'.

art bites marcel duchamp dentist check

Marcel Duchamp paid his dentist, Daniel Tzanck, with a hand-painted forged check in 1919, titled *Tzanck Check*. The work mimics a real bank check made out for $115, drawn on the fictitious “The Teeth’s Loan & Trust Company Consolidated.” Duchamp meticulously painted each letter to look printed, and the dentist—who was also a major art collector—never cashed it, recognizing its artistic value. The check is now a promised gift to the Israel Museum in Jerusalem, with a 1938 reproduction held by M+ museum in Hong Kong.

7 Artists to Watch at the New York Fairs This Weekend

The article highlights seven artists and presentations to watch at the New York art fairs this weekend, including Frieze, TEFAF, Independent, and NADA. Key highlights include Comme des Garçons' sculptural fashion display at Independent, Danish painter Eva Helene Pade's U.S. debut at Thaddaeus Ropac's TEFAF booth, and sold-out booths for Kelly Sinnapah Mary at James Cohan and Rachel Youn at G Gallery during Frieze. The piece notes that while no single viral spectacle dominates this fair week, a quieter but compelling mix of works and sales is drawing attention across venues.

art milan design week shows

Cultured magazine has compiled a guide to art exhibitions worth visiting during Milan Design Week 2026, beyond the main Salone del Mobile fair. Featured shows include Rirkrit Tiravanija's first retrospective at Pirelli HangarBicocca, Cao Fei's exploration of smart agriculture at Fondazione Prada, Anselm Kiefer's dual exhibitions at Palazzo Reale and Lia Rumma Gallery, Gabrielle Goliath's painting show at Galleria Raffaella Cortese, and Dozie Kanu's mirroring of Marc Camille Chaimowicz at Fondazione ICA Milano.

ayoung kim interview moma ps1 performa

Ayoung Kim's video "Delivery Dancer's Sphere" (2022) captures the experience of delivery workers during the Covid-19 pandemic in Seoul, following two female riders navigating the city via app-based systems. Kim shadowed real delivery workers to create the work, which blends documentary footage, anime-style animation, and AI-generated imagery. The video is part of a series that will be featured in Kim's first US solo exhibition at MoMA PS1 in New York, opening this week, and she will also debut a new motion-capture piece at the Performa festival later this month. Kim recently won a $100,000 award from the Guggenheim Museum and LG.

galerie gmurzynska to open in fuller building new york

Galerie Gmurzynska is relocating its New York operations to the historic Fuller Building at 595 Madison Avenue later this month. The gallery, which had been at 43 East 78th Street since 2018, will inaugurate its new space on September 16 with an exhibition of works by Joan Miró and Roberto Matta. The Fuller Building, an Art Deco landmark built between 1928 and 1929, was once a major hub for New York galleries, housing such notable dealers as Pierre Matisse, Charles Egan, André Emmerich, and Marlborough-Gerson.

From L.A. to Jaipur Palace, Rajiv Menon Centers South Asian Artists

Rajiv Menon Contemporary, a Los Angeles-based gallery dedicated to South Asian and diasporic art, is making its Indian debut with the group exhibition “Non-Residency” at the Jaipur Center for Art (JCA), housed within The City Palace. Opening August 9, the show features sixteen artists working in painting, sculpture, and textiles, marking the first time a gallery has independently taken over the entire palace grounds for a self-curated exhibition. Founded in 2023 by Rajiv Menon, the gallery has quickly gained traction, securing at least six museum acquisitions in its first year, including placements at the Portland Museum of Art and the Asian Art Museum of San Francisco.

10 Exhibitions Not to Miss During Mexico City Art Week 2026

Mexico City Art Week 2026 is set to begin, featuring a dense schedule of exhibitions and art fairs. The event, anchored by the ZONAMACO fair, includes satellite fairs like Feria MATERIAL and SALÓN ACME, and is supported by a robust ecosystem of galleries and museums. The week is a key destination for international collectors and curators seeking to discover emerging artistic voices from Central and South America.

Culture Type | The Month in Black Art: Here’s What Happened in August 2025

The Studio Museum in Harlem announced it will reopen on November 15, 2025, after being closed since 2018 for construction of its new building on 125th Street. The museum shared details about opening celebrations, community day, suggested admission prices, and hours. In other August 2025 news, Brazilian artist Ana Cláudia Almeida joined Stephen Friedman Gallery (London/New York) alongside Quadra and Fortes D’Aloia & Gabriel; Ekow Eshun was named curator of British Art Show 10, opening in September 2026 across five UK cities; and Vanity Fair previewed the new Studio Museum building in its September issue, featuring interviews with Director Thelma Golden and artists Karon Davis and Tshabalala Self.

Border Crossings: Ten Scottish Masters of Modern Art

The McManus: Dundee's Art Gallery & Museum presents 'Border Crossings: Ten Scottish Masters of Modern Art,' an exhibition running from 28 June 2025 to 14 June 2026. Curated by Janet McKenzie, the show highlights ten Scottish-born artists—including Wilhelmina Barns-Graham, Eduardo Paolozzi, and William Turnbull—who left Scotland to train and build careers in London, Paris, and New York, contributing significantly to international modernism.