kenny schachter column larry g michael werner gallery

Kenny Schachter's column reports on the fallout at Michael Werner Gallery following the departure of star artist Peter Doig. Co-owner Gordon VeneKlasen is accused of expensing luxury items—including private jets, Hamptons helicopter rides, and even a solo helicopter trip for his Labrador Retriever—while the gallery faced financial strain. The partnership is dissolving, with VeneKlasen moving to Los Angeles to open his own gallery and listing his West Village home for $20 million. Meanwhile, Schachter also notes Pace Gallery's financial troubles, with founder Arne Glimcher stepping in to stabilize operations.

walter de maria gagosian show truck trilogy

Gagosian's Le Bourget gallery in Paris will present "Walter De Maria: The Singular Experience," opening October 19 and running through April 18. The exhibition includes the artist's final sculpture, *Truck Trilogy* (2011–2017), featuring three vintage Chevrolet Advance Design 3100 pickups polished and fitted with stainless-steel rods, previously shown at Dia Beacon. Curated by Donna De Salvo, the show also features works like *13, 14, 15 Meter Rows* (1985), drawings, films, and archival materials highlighting De Maria's mathematical and musical interests, including his involvement with the Primitives and the Druds.

art worlds lifestyle competition art detective

The article examines the seductive and often corrupting influence of extreme wealth in the art world, detailing how high-end dealers, advisors, and collectors indulge in lavish lifestyles involving private jets, couture, and exclusive parties. It highlights recent scandals, including the imprisonment of art dealer Inigo Philbrick and advisor Lisa Schiff for defrauding clients, and a new legal battle between prominent art advisors Barbara Guggenheim and Abigail Asher, who accuse each other of misappropriating millions to fund luxury expenses.

asia rising morgan stanley artnet

Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.

the venice biennale spotlights the market for latin american art

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.

Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

15 museum shop gifts were loving

Artnet News has curated a selection of 15 unusual and art-themed gifts available at museum shops worldwide, ranging from a snake-embroidered brooch inspired by Cartier at the Victoria and Albert Museum in London to a 'Souls in Purgatory' magnet from the Morgan Library & Museum in New York, a traditional palm-leaf fan from Al Ain Museum in Abu Dhabi, a gilded sewing kit from the Neue Galerie in New York, and a CD of a Hanne Darboven composition from the Dia Art Foundation. Each item is presented with its price, source museum, and a brief explanation of its appeal, often tying back to specific exhibitions or artworks.

At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

10 Shows Around Venice Not to Miss During the Biennale

ARTnews has published a guide to 10 exhibitions in Venice worth seeing during the 2026 Biennale, beyond the central show "In Minor Keys" curated by the late Koyo Kouoh and the national pavilions. Highlights include a major survey of Lee Ufan at the San Marco Art Centre (SMAC Venice), organized by the Dia Art Foundation and curated by Jessica Morgan; "Helter Skelter: Arthur Jafa and Richard Prince" at Fondazione Prada, curated by Nancy Spector; and "Strange Rules" at Palazzo Diedo, conceived by Hans Ulrich Obrist with Mat Dryhurst and Holly Herndon, introducing the concept of "Protocol Art." Other venues include the Gallerie dell'Accademia, Pinault Collection, Berggruen Arts & Culture, Fondazione Sandretto Re Rebaudengo, and a three-night-only performance at Teatro Goldoni.

$102 Million Verdict Over Robert Indiana Artwork May End Years-Long Legal Battle

A Manhattan federal jury awarded $102 million in damages to the Morgan Art Foundation in its lawsuit against art publisher Michael McKenzie, finding him guilty of making and selling unauthorized Robert Indiana artworks. The verdict, delivered on April 23, follows a complex legal battle that began just before Indiana's death in 2018, involving accusations of exploitation, fraud, and copyright infringement. McKenzie and caretaker Jamie Thomas were also accused of taking advantage of the elderly artist. The case has cast doubt on the authenticity of some late Indiana works and affected his market, with his auction record remaining at just over $4 million since 2011.

photography auction industry

Artnet and Morgan Stanley have released a comprehensive analysis of the photography auction market spanning 2005 to 2024. The report reveals that while the volume of photography lots sold has more than doubled over two decades, the total annual sales value has remained largely stagnant, rising from $113.4 million in 2005 to $116.9 million in 2024. When adjusted for inflation, this represents a significant 36.7 percent decline in market value, with average prices for photographs dropping by over 50 percent during the same period.

art galleries join anti ice national strike

A significant number of New York art galleries, including major players like Pace Gallery, David Zwirner, and Marian Goodman, will close on January 30 to join a nationwide general strike protesting expanded Immigration and Customs Enforcement (ICE) operations. The strike is a response to allegations of federal overreach, including the use of deadly force against protestors and the detention of Native Americans, which have fueled widespread outrage.

fog fair san francisco komal shah

At the opening of San Francisco's FOG Design and Art fair, prominent collector Komal Shah navigated the crowded aisles, stopping to chat with a who's who of the Bay Area art scene, including FOG founder Stanlee Gatti, ICA San Francisco director Ali Gass, and SFMOMA director Christopher Bedford. Shah, known for her collection focused on women artists, was scouting works with a handwritten list, considering pieces by Ruth Asawa and Joan Brown, though she passed on a $425,000 Asawa sculpture. The fair's gala serves as a fundraiser for SFMOMA, and Shah's collection is currently on view at the Berkeley Art Museum and Pacific Film Archive in the exhibition "Making Their Mark: Works from the Shah Garg Collection."

peter hujar archive departs pace gallery joins ortuzar

The Peter Hujar Archive and Foundation has left Pace Gallery and will now be jointly represented by New York-based gallery Ortuzar and Fraenkel Gallery in San Francisco. The archive will continue working with Mai 36 Galerie in Zürich and Maureen Paley in London on select projects. Ortuzar founder Ales Ortuzar expressed deep personal excitement about representing Hujar, who will be the first photographer the gallery has represented since its founding in 2018. The gallery plans two concurrent exhibitions this spring: a recreation of Hujar's 1986 show at Gracie Mansion and a group show featuring artists from his circle.

5 essential old masters shows for 2026

Artnet News has published a preview of five essential Old Masters exhibitions scheduled for 2026, spanning museums from Amsterdam to New York. The shows include a blockbuster presentation of Ovid's *Metamorphoses* at the Rijksmuseum and Galleria Borghese, a monographic survey of Swedish sculptor Johan Tobias Sergel at the Nationalmuseum in Stockholm and the Morgan Library & Museum in New York, and other exhibitions that connect classical art with contemporary appeal. The article highlights how these exhibitions spotlight both household names like Raphael and lesser-known figures, while also exploring themes from Ovid's myths to tarot imagery.

rembrandt print old master record

A rare Rembrandt drypoint print, *Arnout Tholinx, Inspector* (ca. 1656), sold for £3.1 million ($4.1 million) at Christie’s London on December 3, setting a new world auction record for an Old Masters print. The work, commissioned by a medical inspector during Rembrandt’s financial struggles, was part of the Sam Josefowitz collection and last appeared at auction 101 years ago. The sale, dedicated to over 100 Rembrandt prints from Josefowitz’s collection, totaled £8.6 million ($11.4 million), with other notable lots including *Christ presented to the People* and *Christ healing the Sick*.

rashid johnson painting howard lutnick tequila video

United States Commerce Secretary Howard Lutnick posted a video on social media showing off a new tequila bottle, but the backdrop featured a painting from Rashid Johnson's "Anxious Red" series. The artwork, confirmed by Hauser & Wirth as an authentic Johnson piece purchased on the secondary market, sparked criticism online due to the irony of Lutnick—a Trump appointee whose administration has cut public health funding—owning a work born from pandemic-era anxiety. The series originally supported the WHO's Covid-19 Solidarity Response Fund through a 2020 charity auction, the same organization Trump withdrew the U.S. from on his first day in office.

andrew cuomo zohran mamdani mayoral campaign donations

Former New York governor Andrew Cuomo relaunched his New York mayoral campaign as a third-party candidate on July 14, after losing the Democratic primary to Zohran Mamdani by 12 points on June 24. A recent ARTnews data analysis reveals that prominent art world figures have donated to both campaigns, with Cuomo receiving contributions from Christie's executives, Phillips and Sotheby's staff, Gagosian directors, art dealers, and museum leaders, while Mamdani drew support from foundation directors, museum curators, gallery directors, and numerous artists. The pro-Cuomo super PAC Fix the City received $5 million from billionaire Michael Bloomberg and $250,000 from Top 200 collector Daniel Loeb, while the pro-Mamdani super PAC raised about $1.4 million.

egon schiele artworks recently restituted head to christies

Seven works on paper by Egon Schiele have been restituted to the heirs of Fritz Grünbaum, a Jewish cabaret performer killed at Dachau concentration camp in 1941 after being forced to surrender his art collection to the Nazis. Six of these pieces will be auctioned at Christie’s New York in November 2024, with three watercolor portraits—including *Stehende Frau (Dirne)* (1912), *Selbstbildnis* (1910), and *Ich liebe Gegensätze* (1912)—headlining the 20th Century Evening Sale on November 9, and three more offered in the Impressionist and Modern Works on Paper Sale on November 11. Estimates range from $150,000 to $2.5 million per work, and proceeds will be split among Grünbaum’s heirs, who plan to fund a scholarship program for young musicians.

morgan stanley intelligence report triumph contemporary

Morgan Stanley and Artnet have released an Intelligence Report analyzing the explosive growth of the ultra-contemporary art market—defined as work by artists born after 1974. Auction sales in this category surged 305% from 2019 to 2021, reaching $742.2 million last year, driven by strong demand in the U.S. and China. The report breaks down sales by region, price band, and leading artists, highlighting how galleries, fairs, museums, and collectors are capitalizing on this trend.

state of the art market old masters and neo old masters

Artnet News, in collaboration with Morgan Stanley, analyzed auction data from the Artnet Price Database to assess the state of the European Old Master market since 2018. The investigation explores how efforts to contemporize Old Masters—through juxtapositions at art fairs like TEFAF and Masterpiece London, and gallery shows such as David Zwirner's 'Endless Enigma'—have correlated with market trends for Contemporary and Ultra-Contemporary artists whose work is visibly influenced by classical European art. The report also examines the impact of living artists inspired by Old Masters, suggesting that restricting analysis to historical works alone may underestimate their ongoing influence on the art market.

state of the art market surrealist women awakening

A data-driven analysis by Artnet News and Morgan Stanley examines the auction market for women Surrealist artists from 2013 to 2023, using the Artnet Price Database to track prices and sell-through rates. The study contrasts the historical undervaluation of women Surrealists—such as Leonora Carrington, Remedios Varo, Kati Horna, and Bridget Bate Tichenor—against the enduring market dominance of male figures like Dalí, Magritte, and Miró, while noting Frida Kahlo as the top-selling woman Surrealist.

a tale of four cities

Artnet News and Morgan Stanley have released a report analyzing the global art auction market across four major cities—London, Paris, Hong Kong, and New York—over the period from 2013 to 2023. Total auction sales for the first half of 2024 fell to $5.05 billion, down from $7.17 billion in the same period of 2023. The report highlights a dramatic 49 percent decline in London's auction sales following the 2016 Brexit vote, while New York has maintained its dominant position, driven by blockbuster collections like those of Peggy and David Rockefeller and Paul G. Allen. Hong Kong saw growth until the Chinese property crisis in 2022, and Paris has gained ground post-Brexit, with sales up 30 percent over 2013.

Art Basel Curbs Pre-Fair Sales—and More Art Industry News

Art Basel has launched a "Basel Exclusive" initiative to curb pre-fair PDF sales, encouraging galleries to withhold works from previews to drive in-person discovery at its flagship Swiss event (June 16–21). Around 170 of 232 exhibitors have opted in. Meanwhile, Volta returns to Basel with a new "5,000 Edit" section for works under CHF 5,000 to attract younger collectors, and the alternative fair Esther will hold its third edition in New York during Frieze Week. In other news, Sotheby's set a U.S. record for design auctions with the Jean and Terry de Gunzburg collection totaling $96 million, and billionaire collector Mitchell P. Rales pledged $116 million to the National Gallery of Art to fund loans to smaller museums. The Smithsonian American Art Museum named Lynda Roscoe Hartigan as its new director, and Gladstone Gallery plans a new Seoul space for 2026.

14 Must-See Museum Shows in New York This Spring

New York museums are launching a significant slate of spring exhibitions, featuring major retrospectives and thematic surveys. Highlights include "Noguchi's New York" at the Noguchi Museum, exploring the sculptor's unrealized urban projects; "Raphael: Sublime Poetry" at the Metropolitan Museum of Art, a comprehensive look at the Renaissance master; and "Gothic by Design: The Dawn of Architectural Draftsmanship," also at the Met, focusing on medieval architectural drawings.

paint drippings art industry news may 26

This week's art industry roundup covers major auction results, including Sotheby's $51.8 million sale of the Saunders Old Masters collection (a record for a single-owner sale in that category) and the $12.5 million sale of the Lalanne's 'Ostrich Bar' in Paris. The Breuer Building, purchased by Sotheby's in 2023, has been landmarked by New York City, preserving its interior during renovation by Herzog & de Meuron. Art Basel announced a new fair in Doha, Qatar, launching next February with 50 exhibitors, while Untitled Art revealed 84 exhibitors for its first Houston edition. In gallery news, Yan Du will open YDP in London, Annely Juda Fine Art is moving, and Jean-Paul Engelen joins Acquavella Galleries. Gladstone Gallery hired Julian Ehrlich from Christie's. Saudi Arabia opens its first specialized art storage facility in Jeddah. Creative Australia chair Robert Morgan retires amid controversy over the Venice Biennale team appointment, and Monash University reversed a decision to cancel an exhibition.

No Attitude, Nowhere: Conviction, Zero Meaning

Keine Haltung, nirgends Gesinnung, null Bedeutung

The article critiques the current state of the art world and broader culture, arguing that right-wing calls for depoliticized art are intensifying while the progressive art establishment silently tolerates a culture war that restricts free expression. It uses the 2025 Met Gala as a prime example, describing the event as a heartless display of wealth and power aligned with Trump-era capitalism, where celebrities and artists perform progressive values while participating in a spectacle sponsored by anti-union figures like Jeff Bezos. The author draws on Hannah Arendt's ethics lectures to suggest that moral norms have collapsed overnight, and that the commercial art world now legitimizes anti-democratic tendencies through its silence.

In Venice, 22 unmissable exhibitions on the sidelines of the biennial

À Venise, 22 expositions incontournables en marge de la biennale

The article highlights 22 must-see exhibitions happening alongside the 61st Venice Biennale, which is expected to be affected by geopolitical tensions but still promises artistic vibrancy. Notable events include Bvlgari's dual projects featuring artists Lotus L. Kang, Lara Favaretto, and Monia Ben Hamouda; the unveiling of the Asscher collection at the Ama Venezia foundation with works by Charles Ray, Jenny Saville, and Richard Serra; and the inaugural exhibition "The Only True Protest Is Beauty" at the Fondation Dries Van Noten, showcasing 200 objects across fashion, design, and art. Other highlights include a dialogue between Picasso, Morandi, and Parmiggiani at the Fondazione Bevilacqua La Masa.

maurice sendak auction christies

Christie's will auction over 100 objects from Maurice Sendak's personal collection on June 10, 2025, at Rockefeller Center, with an online component from May 29 to June 10. The sale includes works by Dürer, Rembrandt, David Hockney, Pablo Picasso, George Stubbs, and William Blake, as well as rare editions of Blake's *Songs of Experience* (1794) and *Songs of Innocence* (1789), a vintage Mickey and Minnie Mouse tinplate toy, and 30 lots by Sendak himself, including a first-edition cover of *Where the Wild Things Are* (1963). Proceeds will support the Sendak Fellowship residency program at the Sendak Foundation in Ridgefield, Connecticut.

Art Movements: New Museum Names Its First Artist Studio Residents

The New Museum has named Yun Choi, Alison Kuo, and Korakrit Arunanondchai as the first artists-in-residence for its new Artist Studio, a 730-square-foot space created by the museum's OMA-designed expansion. The residencies will run from spring 2025 through winter 2027, with each artist developing new work, onsite exhibitions, and public programs. Separately, Forge Project announced its 2026 fellows—six Indigenous artists including Jay Bellis, Heidi Brandow, and Tiare Ribeaux—who will each receive $25,000 and a three-week residency. In other news, the Robert Therrien Estate has left Gagosian for David Zwirner Gallery, Laurel Nakadate won the Maud Morgan Prize, and Frieze New York revealed a staff uniform designed by artist Reika Takebayashi.