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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.

paint drippings art industry news jul 7

This week's art industry news covers major auction results, gallery changes, and restitution developments. At Christie's Old Masters evening sale in London, Canaletto's "The Return of the Bucintoro on Ascension Day" set a new auction record for the artist at £31.9 million ($43.9 million), leading the sale to a total of £60.8 million. Sotheby's Old Masters evening sale brought in £14.5 million, with three new records including Diana de Rosa's "Salome with the Head of Saint John the Baptist" selling for £317,500. A rare early watercolor by Man Ray, "Nude Playing Musical Instrument" (1913), resurfaced after decades and will be auctioned at Dreweatts. In gallery news, Blum gallery laid off most of its staff and plans to cease brick-and-mortar operations, while Waddington Custot announced a new Paris space, and Company Gallery hired Subhas Kim Kandasamy as executive director. White Cube now represents Firenze Lai, and JD Malat Gallery launched a new initiative for UAE artists. In restitution, the Netherlands returned 119 Benin Bronzes to Nigeria, and the Museum of Fine Arts, Boston, transferred two Benin works to the Oba of Benin.

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.

Frieze New York, the Cranach in Hitler’s Munich apartment, Ajamu X—podcast

This episode of The Art Newspaper's podcast covers several art-world stories. Ben Sutton and Kabir Jhala discuss the current edition of Frieze New York, alongside other concurrent fairs like Esther and Tefaf, and preview the upcoming New York auctions. Ben Luke interviews Martin Bailey about a Lucas Cranach the Elder painting, 'Cupid Complaining to Venus' (1526-27), which once hung in Adolf Hitler's Munich apartment, with a newly published photograph from the 1940s. The episode also features a segment on Ajamu X's 'Glamour Posse' series from the early 1990s, part of the touring exhibition 'Gender Stories' opening at the Walker Art Gallery in Liverpool, with comments from gallery head Charlotte Keenan.

dealer michael ward charged by manhattan da

Manhattan District Attorney Alvin Bragg has charged veteran New York antiquities dealer Michael Ward with criminal facilitation following an investigation into the illicit trade of cultural property. Ward, who operated his Upper East Side gallery for nearly forty years, was convicted in September for his role in facilitating the sale of stolen artifacts, including a 1st-century gilded bronze plaque. Court documents reveal a broader pattern of misconduct involving 40 objects stolen from Italy, Greece, and Turkey, with a total value reaching into the millions.

Versailles Restores Royal Bedroom to Its 1789 Splendor

The Palace of Versailles has completed a multi-decade restoration of the King’s Private Bedroom, meticulously recreating the space as it appeared on October 6, 1789, the day the royal family fled the French Revolution. The project involved an intergenerational team of curators and master craftspeople who utilized archival descriptions and surviving fabric scraps to reconstruct the room's ornate Rocaille embellishments, silk tapestries from Lyon, and a central gilded bed carved from linden wood.

the met agrees to repatriate artifacts to cambodia as douglas latchford fallout continues

The Metropolitan Museum of Art has agreed to repatriate 14 artifacts to Cambodia and two to Thailand following an investigation into the late antiquities dealer Douglas Latchford. Latchford, who was indicted in 2019 for trafficking looted Khmer Empire relics, died in 2020 before trial, but federal authorities have continued to track works sold through his network. The returned items include significant sandstone statues and bronze deities dating back as far as the 7th century.

jacques louis david versailles

The Palace of Versailles has agreed to reexamine the provenance of a Jacques-Louis David sketchbook from 1790 after a Radio France investigation revealed it was looted by the Nazis during World War II. The sketchbook was stolen from Professor Lereboullet in July 1940, sold by Munich's Karl and Faber gallery in 1943, then acquired by dealer Otto Wertheimer before being purchased by Versailles in 1951. The museum claims it was unaware of the theft, and France's ministry of culture has promised further research and discussions with the descendants.

acropolis michael rakowitz athens allspice mesopotamia

Michael Rakowitz's survey exhibition "Allspice" at the Acropolis Museum in Athens explores themes of cultural displacement, looting, and historical narrative through works like his series "The invisible enemy should not exist" (2007–), which reconstructs looted artifacts from Baghdad's National Museum of Iraq using Arabic food wrappers and newspapers. The show also features his 2004 video "Return," documenting his effort to import Iraqi dates labeled as "product of Iraq" to the US after decades of sanctions, and includes interventions with the museum's own collection, such as a Cypriot head he linked to Assyrian art.

nazi looted egon schiele art return

A Manhattan judge has blocked London-based art dealer Richard Nagy from selling or transporting two watercolors by Egon Schiele, which were on display at his booth during the Salon of Art + Design fair at the Park Avenue Armory. The works—Woman in a Black Pinafore and Woman Hiding Her Face—are claimed by the heirs of Fritz Grünbaum, a Jewish Holocaust victim and cabaret performer who died at Dachau. The heirs, Timothy Reif and David Fraenkel, filed suit in Manhattan Supreme Court, alleging the paintings were among 400 artworks surrendered to the Nazis by Grünbaum's wife. Nagy disputes the claim, arguing the works were sold legally by Grünbaum's sister-in-law in 1956 and that previous arbitration boards found no evidence of Nazi looting.

‘This is an opportunity that will never happen again’: Syrian artist Sara Shamma on rebuilding her country

Syrian artist Sara Shamma has been selected to represent Syria at the 2026 Venice Biennale, marking the country's return to the event with a single-artist national pavilion for the first time. Her immersive installation, 'The Tower Tomb of Palmyra,' curated by Yuko Hasegawa and commissioned by Syria's ministry of culture, combines painting, architecture, light, sound, and scent. It draws on the ancient funerary towers of Palmyra destroyed by Islamic State in 2015, addressing cultural loss and the possibility of reconstruction. Shamma, who returned to Syria in September 2024 after eight years abroad, describes living through the fall of the Assad regime and the country's rebirth as a transformative personal and national moment.

One Fine Show: “Michael Rakowitz, Proxies for Poets and Palaces” at the Stavanger Art Museum

Iraqi-American artist Michael Rakowitz has opened his first major survey exhibition in Norway, titled "Proxies for Poets and Palaces," at the Stavanger Art Museum. The show features eight new reliefs from his long-running series *The Invisible Enemy Should Not Exist*, which recreates artifacts looted from Baghdad's Iraq Museum using cardboard, Arabic newspapers, and food packaging, alongside older works like the 2017 film *The Ballad of Special Ops Cody*.

Krannert Art Museum reopening highlights gallery reinstallations, artist Ronny Quevedo exhibition

Krannert Art Museum in Champaign, Illinois, is reopening on August 28 with a major reinstallation of its Andean gallery, featuring the exhibition "Fragmented Histories: Andean Art Before 1600." The gallery, co-curated by Kasia Szremski and Allyson Purpura, moves away from a linear display to explore the mobility of objects, their histories of looting, and their ongoing cultural significance. The reopening also includes a solo exhibition by contemporary artist Ronny Quevedo, titled "Ronny Quevedo: a l l s t a r s," and reinstallations of European and American art in the Bow and Trees galleries.

Sur Arte Radio et dans une expo, l’enquête d’Adrianna Wallis sur les traces de sa grand-mère peintre spoliée par les nazis

Artist Adrianna Wallis (born 1981) discovers that her paternal grandmother, painter Diane Esmond (1910–1981), was a victim of Nazi looting during World War II. After being contacted by historians Patricia Helletzgruber and Sophie Juliard, Wallis learns that much of Esmond's work was systematically destroyed by the ERR, the Nazi organization responsible for art theft in occupied countries. This revelation sparks a personal investigation that becomes a podcast for Arte Radio titled "Il restera la gravité," blending documentary, autobiographical inquiry, and sound installation. Wallis delves into archives, examining microfilms and lists that detail 46 of Esmond's paintings—each methodically described and declared destroyed, such as "Woman in blue evening dress: annihilated."

London’s V&A launches webpage exploring provenance of its objects

The Victoria and Albert Museum (V&A) in London has launched a dedicated digital hub to document the provenance of its collection, specifically addressing objects acquired through violence, coercion, or looting. The initiative includes detailed research on controversial items such as the Maqdala material from Ethiopia, Asante Regalia from Ghana, and imperial Chinese jade. This transparency effort coincides with International Provenance Research Day and aims to provide public accountability regarding the museum's colonial-era acquisitions.

Artemisia Gentileschi Masterpiece Goes to Auction—Without Its Face

The Dorotheum auction house in Vienna is set to auction a rare, autograph replica of Artemisia Gentileschi’s 'St. Mary Magdalen' (c. 1620) that is missing its central focus: the saint's face. Discovered in a private German cellar in 2011 and likely mutilated during the looting of postwar Berlin, the fragment has been authenticated by experts Roberto Contini and Riccardo Lattuada. Despite the missing section, infrared analysis confirms Gentileschi’s hand, and the work is estimated to fetch between $120,000 and $170,000.

met repatriates painting korea buddhist temple korean war

The Metropolitan Museum of Art has returned an 18th-century Korean painting, *The Tenth King of Hell* (1798), to Sinheungsa Temple in Sokcho, South Korea. The work, part of a ten-panel series called *Siwangdo* depicting kings of the afterlife, was illicitly taken from the temple in 1954 during the U.S. military presence after the Korean War. The Met purchased the painting in 2007 from a collector via an LLC linked to Bonhams’s Chinese art head. The repatriation was coordinated with the Sokcho Committee for the Return of Cultural Heritage and the Jogye Order of Korean Buddhism. Six other panels were previously returned by LACMA in 2020; three remain abroad.

France reckons with Nazi-looted art in a new Paris museum gallery

France has opened a new permanent gallery at the Musée d'Orsay in Paris dedicated to displaying Nazi-looted artworks that remain unclaimed. The gallery features 13 works from the MNR (Musées Nationaux Récupération) collection, including a painting by Alfred Stevens originally destined for Hitler's planned museum in Linz. The display is the first in the museum's history to show the backs of paintings, revealing stamps, labels, and inventory marks that trace how each piece moved from private Jewish homes into Nazi hands. The museum also launched its first research unit to trace rightful heirs, led by Ines Rotermund-Reynard.

sudan national museum 60 percent looted

Officials from the National Museum of Sudan have revealed that over 60% of the institution's holdings were looted during the country's ongoing civil war. The Rapid Support Forces (RSF) occupied the Khartoum-based museum for nearly a year, during which time ancient gold, jewelry, and approximately 8,000 pieces from exhibition halls were stolen. Satellite imagery confirmed trucks transporting artifacts away from the site, and several other regional museums, including the Sultan Ali Dinar Museum, have been reported as completely destroyed.

manhattan district attorney returns antiquities greece

The Manhattan District Attorney's office has returned 29 antiquities valued at $3 million to Greece, following seizures by its Antiquities Trafficking Unit. The objects were recovered from ongoing investigations into looting and trafficking networks run by convicted traffickers Robin Symes and Eugene Alexander. Two of the items—a Bronze Foot in the Form of a Sphinx and a Bronze Applique of a Gorgon, both from the 6th century B.C.E.—were seized from the Metropolitan Museum of Art this year, having passed through traffickers and galleries before entering the museum's collection.

relooted video game repatriation african artifacts

South African video game studio Nyamakop unveiled its latest project, Relooted, at the Summer Game Fest in Los Angeles. The game is a side-scrolling puzzle platformer where players join a crew of thieves to steal back African artifacts from Western museums and repatriate them to their original communities. The artifacts in the game are based on real looted objects, such as the Ngadji drum held by the British Museum, and the missions involve heists from fictionalized museums. The studio spent two years researching artifacts with compelling stories of looting.

bayeux tapestry fragment rediscovered in germany

A long-lost fragment of the Bayeux Tapestry, the 11th-century embroidered chronicle of the Norman Conquest of England, has been rediscovered in the Schleswig-Holstein State Archives in Schleswig, Germany. The roughly one-inch linen piece belonged to the estate of archaeologist Karl Schlabow, who had been part of a Nazi-affiliated group that re-measured the tapestry in 1941. The fragment will be repatriated to France later this year, but first it will go on public display at the Museum of Archaeology at Gottorf Castle as part of the exhibition “Viking Twilight: Turning Point in the North” from April 16 through November 2.

amenhotep iii colossi of memnon restoration

Egypt’s Ministry of Tourism and Antiquities unveiled the newly restored Colossi of Memnon, two monumental quartzite statues of Pharaoh Amenhotep III, at the entrance of his 86-acre Luxor tomb site. The restoration, led by German-Armenian archaeologist Hourig Sourouzian and involving Waseda University, the German Archaeological Institute in Cairo, Johannes Gutenberg University Mainz, and the World Monuments Fund, began in 2006 after decades of damage from earthquakes, floods, and looting. The team cleaned, 3D-scanned, and reassembled the statues using original fragments and new additions, also uncovering nearly 300 other sculptures and fragments. The Colossi now stand 45 feet tall, with the pharaoh depicted in royal regalia alongside smaller figures of his wives.

judge denies motion to dismiss swizz beatz 1mdb case

A federal judge has denied a motion to dismiss music producer and art collector Kasseem Dean, known as Swizz Beatz, from a bankruptcy case tied to the 1MDB scandal. Dean and his two companies, Monza Studios and Swizz Beatz Productions, were named as defendants in a suit filed in October 2024 by joint liquidators Angela Barkhouse and Toni Shukla, seeking to recover $7.3 million allegedly transferred to Dean from entities controlled by Jho Low, the mastermind of the $7.65 billion 1MDB fraud. Judge Naomi Reice Buchwald ruled that the plaintiffs' claims are not time-barred, that they have standing, and that sufficient facts have been pleaded to proceed to discovery.

Zurich's Museum Rietberg transfers 11 Benin Bronzes to Nigerian government

The Museum Rietberg in Zurich is transferring ownership of 11 Benin Bronzes to the Republic of Nigeria. The transfer includes a significant commemorative bronze head from around 1850 and an 18th-century ivory tusk, both looted during the British raid on Benin City in 1897, which will be physically returned to Nigeria this summer.

Musée d’Orsay opens gallery dedicated to still-unclaimed works stolen by Nazis in WWII

The Musée d'Orsay in Paris has opened a permanent gallery dedicated to artworks believed to have been looted by the Nazis from Jewish owners during World War II, but whose rightful owners have not been identified. The exhibition, titled "Who owns these works?", features a rotating selection of 225 such pieces held by the museum, with twelve paintings and one sculpture currently on display. Works by Renoir, Degas, Rodin, and Alfred Stevens are included, alongside provenance research detailing their murky histories—such as a Degas ballroom scene acquired by a Jewish collector later murdered at Auschwitz.

A Long-Overdue Reckoning With Nazi-Looted Art on exhibit at the Musée d’Orsay, Paris

The Musée d'Orsay in Paris has opened a new permanent gallery titled "À qui appartiennent ces œuvres ?" ("To whom do these works belong?") dedicated to MNR (Musées Nationaux Récupération) artworks—pieces recovered after World War II that have not yet been returned to their rightful owners. The single-room exhibition displays thirteen works from the 225 "artistic orphans" held by the museum, including paintings by Pierre-Auguste Renoir, Edgar Degas, and Alfred Stevens. Curators have suspended several works between glass panels to expose the backs of the canvases, revealing inventory stamps and gallery labels that trace their journey from Jewish homes into the Nazi art machine.

All you need to know about Klimt’s canvas that is now the most expensive modern artwork

Gustav Klimt's "Bildnis Elisabeth Lederer" (Portrait of Elisabeth Lederer) sold for $236.4 million at Sotheby's first auction in its new Breuer building location in New York, becoming the most expensive modern artwork ever sold at auction. The 1914-1916 portrait depicts Elisabeth Lederer, daughter of Klimt's patrons Serena and August Lederer, and was previously owned by Estée Lauder heir Leonard A. Lauder, who died earlier this year. The painting was looted by the Nazis during World War II, returned to the Lederer family in 1948, and later sold in 1983.

Tanks, castles and Hodlers: Swiss foundation tackles a fervent collector’s legacy

The Swiss Foundation for Art, Culture and History (SKKG) has spent years cleaning, inventorying, and digitizing the chaotic collection of Bruno Stefanini, a real estate magnate and obsessive hoarder who died in 2018. His estate included over 100,000 objects—ranging from valuable paintings by Ferdinand Hodler and Cuno Amiet to a full-sized tank, Kaiser Wilhelm II’s portable washroom, and Charlie Chaplin’s pajamas—many contaminated with mildew, asbestos, or radioactivity. The collection is now searchable online, and the foundation, led by Stefanini’s daughter Bettina, is conducting provenance research and considering restitution of works with Nazi-era looting concerns.

‘I feel at home here’: Michael Rakowitz’s Acropolis Museum exhibition locates the lines between stories of lost heritage

The Acropolis Museum in Athens has opened "Allspice: Michael Rakowitz and Ancient Cultures," the first exhibition in a trilogy organized with the Hellenic Ministry of Culture and the nonprofit Neon. It is also the first time the museum has presented work by a living artist. The show pairs ancient objects from the University of Chicago’s Institute for the Study of Ancient Culture and the Thanos N. Zintilis Collection of Cypriot Antiquities with 14 works by Iraqi-American artist Michael Rakowitz, including pieces from his ongoing series "The invisible enemy should not exist," which recreates artifacts looted or destroyed from the National Museum of Iraq. Rakowitz’s lamassu reliefs, reimagined from the Palace of Nimrud, and a new commission featuring his mother’s recipes explore themes of lost heritage, memory, and diaspora.