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U.K. Arts Center Lands Seismic $122.4M Gift

The Sainsbury Centre near Norwich, England, has received a landmark gift of £91.2 million ($122.4 million) from Lord David Sainsbury through his Gatsby Charitable Foundation. In other news, Art Basel has appointed Wassan Al-Khudhairi as artistic director for its 2027 Qatar edition; Christie's led New York's spring auction season with $1.3 billion, driven by the S.I. Newhouse collection; Sotheby's brought in $737 million; Phillips rebounded with $115.2 million; and Bonhams achieved $22 million. Pace now represents the Constantin Brancusi Estate, Yinka Shonibare joined Mennour, and several other gallery and museum appointments were announced, including Clarissa Morales as COO of the Modern Art Museum of Fort Worth and new interim leadership at Dallas Contemporary. The Museum für Moderne Kunst in Frankfurt will inherit Henrike Naumann's estate, Dubai announced a new Museum of Digital Art, and the Centre Pompidou partnered with Chanel.

Marian Goodman’s Gerhard Richters Total $78.8 Million in $162.7 Million Christie’s Sale

Christie’s 21st-century evening sale in New York on Wednesday achieved $162.7 million, its highest total in the category since 2021. The sale featured eight works from the collection of the late dealer Marian Goodman by Gerhard Richter, which together sold for $78.8 million, nearly half the evening’s haul. Richter’s photorealistic candle painting *Kerze (Candle)* (1982) hammered at $30 million, below its $35 million low estimate, but still set a new auction record for the series. Other Richters performed strongly, with six of seven exceeding high estimates, including *Mohn (Poppy)* (1995) at $20.1 million. A modest Basquiat work on paper, *Asbestos*, sold for $6.54 million, and one lot by Ed Ruscha was bought in.

Gala Season! Shaggy and Jewel Hit the Whitney, Henry Taylor and Pharrell Toast Gordon Parks, and More Juicy Art-World Gossip

Artnet News' gossip column "Wet Paint" reports on the Whitney Museum's 2026 annual gala, a major fundraising event. The author describes the scene: donors and celebrities like Jewel, Neil Patrick Harris, and Nigel Barker mingled with artists Julie Mehretu (the honoree) and Glenn Ligon. Notably, the 56 artists in the current Whitney Biennial were not invited due to limited seating, a policy confirmed by the museum. The evening raised $6.3 million, with individual seats costing $7,500.

How JR Transformed Paris’s Oldest Bridge Into a Massive Grotto

French artist JR has transformed Paris's Pont Neuf, the city's oldest bridge, into a massive inflatable grotto titled *La Caverne du Pont Neuf* (2026). The installation measures 120 meters long, 20 meters wide, and up to 18 meters tall, and will be open to the public from June 6 to June 28. It incorporates sound design by Thomas Bangalter of Daft Punk, augmented reality via Snap Inc., and a Bloomberg Connect guide. Over 800 people helped realize the project, which was fabricated from 18,900 square meters of fabric and 20,000 cubic meters of pressurized air by French firm Air Toiles Concept. The work concludes a five-year series of large-scale trompe l'oeil pieces by JR and pays homage to Christo and Jeanne-Claude's *The Pont Neuf Wrapped, Paris* (1975–85), with the blessing of their foundation.

Eyes Wide Open! Kenny Schachter Dishes on Delinquent Dealers, Secret Deals, and That Other ‘Salvator Mundi’

Kenny Schachter offers a sardonic, first-person account of the spring 2025 art season in New York, weaving together observations from auctions, art fairs, and gallery openings. He notes brisk business at Sotheby's and Phillips, citing specific sales like James Ensor's tiny "Still life with Stingray" ($140,800) and Georgia O'Keeffe's double-sided "Maple Leaves and Flowering Cactus" ($1.68 million). Schachter also recounts his experience at Larry Gagosian's new Madison Avenue gallery, where security guards outnumbered the artworks, and reflects on the broader economic climate, including a tax lawyer moonlighting as a 3-D printer for his own sculpture project. He contrasts the wealthiest collectors—one driving a Lamborghini but staying at a Holiday Inn Express—with dealers wearing grim faces at TEFAF, painting a picture of a bifurcated art economy.

Tracey Emin, Katharina Grosse, and More Rally to Raise $2.7 Million for South London Gallery

Christie’s is partnering with the South London Gallery (SLG) on a special selling exhibition featuring works donated by 28 artists, including Tracey Emin, Frank Bowling, Katharina Grosse, Alvaro Barrington, and Ryan Gander. The exhibition is part of SLG’s “SLG Forever” fundraising campaign, which aims to raise £2 million ($2.7 million) to renovate the gallery’s historic Victorian building and support its outreach programs. The show will be open to the public at Christie’s London from June 5–25, with extended hours during London Gallery Weekend, and will continue online until September 30.

Elle Pérez Envisions New Residency Built on Family Legacy

Artist Elle Pérez is raising $100,000 to buy out relatives from a family home in Cabo Rojo, Puerto Rico, that has been in their family since the 1920s, with the goal of transforming it into an artist residency called Casa Pérez. To fund the project, Pérez is selling a portfolio of chromogenic studio prints for $1,795 each, produced in collaboration with the cultural office Public Relations. The artist’s work, known for intimate portraits and scenes of underground music, has been featured in the Whitney Biennial and solo exhibitions at the Baltimore Museum of Art and Carnegie Museum of Art.

Jumper Maybach Turns Abstraction Into Emotional Space

American artist Jumper Maybach, known for his abstract expressionist paintings, debuted a new suite of works titled "Radiant Spaces" at the inaugural Salt Lake Art Show in 2026. The series explores themes of emotional energy, human resilience, and healing, using layered textures and color fields to create immersive experiences. Maybach has also created site-specific installations in architecturally significant buildings, including the 1900K building in Washington, D.C., and continues to blur the lines between fine art, installation, and luxury design.

Sotheby’s Buoyant $303.4 Million Modern Art Evening Sale: By the Numbers

Sotheby’s modern art evening sale on Tuesday night generated $303.4 million, with a 97.6% sell-through rate and a hammer total of $256.5 million. The top lot was Henri Matisse’s *La Chaise Lorraine* (circa 1919), which sold for $48.4 million after a prolonged bidding war. The house withdrew three lots before the sale to improve optics, and 85% of the lots were guaranteed, mostly by third parties. Asian collectors were active at seven-figure price points, contrasting with sparse high-end bidding at Christie’s the previous night.

How Edward Burtynsky Captures Humanity’s Uneasy Relationship With Nature

Canadian photographer Edward Burtynsky is the subject of a solo exhibition titled “Burtynsky: Human/Nature” at Paul Kyle Gallery in Vancouver, running from May 30 to August 1, 2026. The show brings together works from the early 1990s to the present, capturing landscapes that highlight the tension between natural environments and industrial development. Images include a stepwell in India, a granite quarry in Vermont, railcars in British Columbia, and a glowing stream of magma in Ontario. The exhibition is accompanied by a catalogue with an essay by the gallery’s assistant director, Diamond Zhou, who describes the title as naming a strained relationship rather than a reconciliation.

The New York Fairs Are Done. What Remains?

The article reflects on the conclusion of New York's spring art fair season, highlighting TEFAF New York at the Park Avenue Armory and the Independent Art Fair, which relocated to Pier 36. It notes the ongoing Focus fair for emerging Asian art and spotlights specific artists, including Taiwanese painter Tseng Chien-Ying at Kiang Malingue's booth and Frank Gaard at Post Times, describing their works and the fair's atmosphere of discovery.

Christie’s Posts ‘Rock Solid’ Contemporary Sale, Led by Marian Goodman’s Gerhard Richters

Christie’s 21st-century evening auction in New York on May 20 brought in $162.7 million, a 69 percent increase from the same sale last year and the house’s highest New York evening total in the category since 2021. The sale featured 42 lots, including a single-owner collection of Minimalist works owned by Henry S. McNeil Jr. and eight Gerhard Richter works from the collection of the late gallerist Marian Goodman. The top lot was Richter’s photorealistic painting *Kerze (Candle)* (1982), which sold for $35.1 million, falling short of its $50 million high estimate. Other notable results included a Donald Judd Plexiglas stack that sold for $12.8 million and works by Richard Artschwager and Carl Andre that far exceeded their low estimates.

Robert Mnuchin’s Storied Art Gallery Townhouse Lists for $35 Million

The six-story, 17,600-square-foot Upper East Side townhouse that housed Robert Mnuchin's blue-chip gallery for over three decades has been listed for $35 million. Mnuchin and his second wife Adriana bought the 106-year-old property in 1983, and after an 18-month renovation, they lived there for 12 years before the gallery occupied the space from 1992 until Mnuchin's death in 2024. The gallery hosted major shows for artists including Willem de Kooning, Jeff Koons, Ed Clark, and Mary Lovelace O'Neal. The listing comes just months after the announcement that Mnuchin Gallery would close, and four months after Sotheby's sold $166.3 million worth of art from Mnuchin's collection.

Studio 54 Fine Art Is Betting on a More Nimble Gallery Model

Studio 54 Fine Art, founded and directed by Gary Williamson, is pioneering a nimble gallery model without a permanent brick-and-mortar space, instead meeting collectors through rotating physical exhibitions and behind-the-scenes matchmaking. The gallery is currently presenting the exhibition “Empire of Silence: The Untamed Majesty of Rowan Blackwell” in Switzerland, featuring large-scale photographs of wild animals by artist Rowan Blackwell, on view through August 31. Williamson, who transitioned from luxury goods and property investment to founding the gallery in Milan in 2016, emphasizes a focus on quality, provenance, and long-term value, with a roster of artists selected for technical mastery and distinctive vision.

Emerging Zambian Artists Take the Spotlight at Imvelo Studios

Imvelo Studios, a Zambian gallery, has opened a group exhibition titled "Rise and Shine" featuring emerging Zambian artists across diverse mediums, including painting, sculpture, and printmaking. Curated by gallery founder Ng’onga Silupya, the show highlights artists such as Jeremiah Ludaka, Boyd Bishonga, Kaluba B. Chilawa, Hassan Yasini, Clare Chilemu, and Hezroth Simanda, whose works employ abstraction, Neo-Expressionism, and traditional techniques to explore themes of youth, cultural identity, and social commentary.

Rediscovered Rubens Notebook Page Goes on View for the First Time

A double-sided notebook page by Peter Paul Rubens, dated to September 1607, has gone on public display for the first time at the Rubens Experience in Antwerp. The sheet features a quill-testing squiggle, a sketch of three robed men thought to be apostles, and a draft letter on the reverse to the painter Cristoforo Roncalli. The letter, written on behalf of their patron Eleonora de' Medici, inquires about the progress of a painting for her private chapel. The page was acquired at TEFAF Maastricht by the King Baudouin Foundation for €110,000 ($121,100) and is on long-term loan to the Rubenshuis, where it will remain until renovations are completed around 2030.

What New York’s $2.1B Auction Week Means for the Market

New York’s spring auction week generated $2.1 billion in sales, with major auction houses posting dramatic gains over the previous spring. The results were driven by trophy artworks, high-profile collections, and a renewed willingness among top collectors to spend at the highest level, signaling a robust rebound in the art market.

Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

How Is Arts Patronage Changing?

At TEFAF New York, Artnet News editor Andrew Russeth moderated a panel titled “Who Supports Art Now? Patronage in a Shifting Cultural Landscape” featuring two prominent figures in American arts philanthropy: Sarah Arison and Michi Jigarjian. Arison, who became the youngest president of the Museum of Modern Art’s board in 2024 at age 39, also leads the Arison Arts Foundation and chairs YoungArts. Jigarjian, CEO of Work of Art Holdings and a partner at 7G Group, has led Baxter St at CCNY for 15 years and serves on the boards of the Brooklyn Museum and MoMA PS1. The discussion took place during fair week in mid-May at the Park Avenue Armory.

The New Costume Institute Show Gets Under the Skin

The Costume Institute at the Metropolitan Museum of Art has opened its 2026 spring exhibition, “Costume Art,” which explores the relationship between clothing and the human body through pairings of couture with artworks spanning 5,000 years. Curated by Andrew Bolton, the show is divided into thematic chapters such as “Nude Body,” “Disabled Body,” “Aging Body,” and “Anatomical Body,” featuring pieces from designers like Dior, John Galliano for Maison Margiela, and Renata Buzzo alongside historical artifacts and contemporary art.

Chanel Expands Support for Centre Pompidou Amid $535 Million Renovation

Chanel has announced a new five-year partnership with the Centre Pompidou in Paris, expanding its support for the museum during its landmark €460 million ($535 million) renovation. The fashion house, which has backed the Pompidou since 2019, will help preserve access to modern and contemporary art while the museum is closed to the public until its scheduled reopening in 2030. This follows a separate three-year deal in 2025 to grow the museum's collection of contemporary Chinese art by 30 percent, with a focus on women artists, and a 2024 acquisition of 21 works by 15 Chinese artists tied to an exhibition co-organized with Shanghai's West Bund Museum.

4 Must-See Shows at Gallery Weekend Beijing

Gallery Weekend Beijing (GWBJ) took place in the 798 Art District, drawing visitors who mingled art-viewing with shopping and leisure in a commercialized landscape. The 10th annual event featured solo exhibitions by younger Chinese artists, including Ouyang Chun's "Nirvana" and Yang Fudong's "Fragrant River," with collectors and patrons like Tian Jun and Zhu Zhu actively shaping the programming. Despite an economic downturn, veteran galleries such as Hive Center for Contemporary Art and Tang Contemporary Art maintained robust activity, while emerging artists explored themes of technological anxiety, bodily perception, and material systems.

U.K. Museum Races to Acquire 18th-Century Portrait of Black Gardener

The Garden Museum in London has launched a campaign to raise £420,000 ($560,000) to acquire the earliest known portrait of a Black British gardener, John Ystumllyn. Painted by an unknown artist in 1754, the work depicts Ystumllyn as a young man in a blue suit and waistcoat. He was abducted from West Africa as a child, trained as a gardener on the Ystumllyn estate in Wales, and later became a renowned horticulturist. The painting has been on loan to the museum since 2023, and the institution aims to permanently display it alongside another portrait of a Black gardener from 1905.

Rediscovered Old Master Painting Eclipses Estimate at Auction

A rediscovered portrait of Prince Rupert, long attributed to the studio of Anthony van Dyck and later to Jacob Huysmans, sold for CA$217,250 ($153,000) at Heffel Fine Art Auction House’s Spring Sale on May 21, more than double its low estimate. New research identified the work as by Peter Lely, court painter to King Charles II. The painting had belonged to the Hudson Bay Company for centuries and was part of a court-approved sale of the company’s collection following its 2024 bankruptcy. The 80-lot sale also saw a record for E.J. Hughes’s "Coastal Boats Near Sidney, BC" (1948), which sold for CA$5.7 million ($4.1 million), and strong results for Group of Seven artists Arthur Lismer, A.J. Casson, and Lawren Harris.

Giant T. Rex Fossil Could Net a Monster Price at Sotheby’s

Sotheby's New York will auction a 67-million-year-old Tyrannosaurus rex fossil named Gus on July 14, with an estimated value of $20–$30 million—the highest estimate ever placed on a dinosaur skeleton. The specimen, discovered in Harding County, South Dakota, on land owned by the late rancher Gary "Gus" Licking, is approximately 63 percent complete with 183 fossil bone elements, including a well-preserved skull and rare humeri. Excavated over three summers from 2021 to 2023, Gus is comparable in size and integrity to only two other T. rex fossils that have come to market: Stan and Sue.

$102 Million Louvre Heist Is Getting the Film Treatment

A feature film is in development about the October 2025 Louvre heist, in which two thieves disguised themselves, smashed into the museum, and stole eight historic jewels worth an estimated €88 million ($102 million) in under eight minutes. Paris-based production company Iconoclast has acquired the rights to the book "A Grab at the Louvre" by journalists Jean-Michel Décugis, Jérémie Pham-Le, and Nicolas Torrent, and French director Romain Gavras is attached to helm the project, which could hit theaters in 2028. A separate documentary series by an anonymous British producer is also in the works.

Kalshi Rolls Out Prediction Markets Tied to Art Auctions

Kalshi, an online prediction market platform based in New York, launched a new category of prediction markets tied to art auction prices on May 26. The platform offers 16 contracts, including bets on whether artists like Andy Warhol and Vincent van Gogh will break their auction records, and speculation on specific lots such as Gustav Klimt's *Portrait of Gertrud Loew* (1902) at Sotheby's London. The move follows Kalshi's earlier forays into luxury watches and Pokémon cards, and comes after New York's spring auction week generated $2.1 billion in sales at Christie's, Sotheby's, and Phillips.

Trophy Buyers Drive Decorative Art Sales

Sales in the decorative-art category—including design objects, furniture, jewelry, and watches—reached approximately $3.9 billion in 2025, a 7.1% increase from 2024 but still well below the 2023 peak of $5.7 billion. The number of lots sold fell by 11.9%, yet the average price rose 21.6% to $15,247, indicating a shift toward trophy buying. A standout was François-Xavier Lalanne's 1976 Hippopotamus bar, which sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting an auction record. Sotheby's led the category with $1.1 billion in sales, followed by Christie's at $1 billion and Phillips at $369.7 million. Europe remained the largest market at $1.4 billion, while North America overtook Asia for second place with $1.2 billion.

Who Won New York’s $2.1 Billion Auction Week?

New York City's spring auction week generated approximately $2.1 billion in sales across Christie's, Sotheby's, and Phillips, more than doubling the $1 billion total from May 2024. Christie's led with a $1.3 billion haul, driven by the $630.8 million S.I. Newhouse collection and record prices for works by Jackson Pollock ($181.2 million) and Constantin Brancusi ($107.6 million). Sotheby's netted around $737 million, including a Rothko from the Robert Mnuchin collection, while Phillips rebounded with $115.2 million in a white-glove sale, its strongest New York spring result since 2022.

François Bonnel Explores the Emotional Side of Geometry

François Bonnel, a former advertising executive of 25 years, pivoted to art in 2018 and now presents his latest solo exhibition, “François Bonnel: The Geometry of Joy,” at Maddox Gallery in Mayfair, London, from June 4 to July 2, 2026. The show features abstract paintings that blend geometric and hard-edge abstraction with playful, intuitive compositions, using color, line, and light to evoke emotions like joy and harmony. Works such as *Caught* (2026) and *I Really Like You* (2026) demonstrate his exploration of three-dimensional space and the suggestive power of abstraction.