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.

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.

Philadelphia Is Rich With Museums and Galleries. ‘Elsewhere’ Aims to Find Out If It Can Support an Art Fair

Philadelphia gallerist Megan Galardi is launching a new art fair called Elsewhere, set to debut June 4–6 at the Yowie Hotel on South Street. The fair will feature 27 exhibitors from cities including London, New York, and Philadelphia, with seven local dealers such as Fleisher/Ollman, Blah Blah Gallery, and Fjord. Galardi, who founded Blah Blah Gallery in 2023 and has participated in small New York fairs like Spring/Break and Future Fair, designed Elsewhere as a boutique, hotel-based event that offers a lower-cost, more intimate alternative to large-scale art fairs.

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.

Whistleblower Complaint Alleges Misconduct at Palm Springs Art Museum, Where an Ex-Trustee Describes a ‘Shattered Moral Compass’

An anonymous whistleblower has filed a complaint alleging misconduct by leadership at the Palm Springs Art Museum, including improper movement of funds between accounts to address cash shortages, the forced resignation of a former director based on fabricated staff complaints, and a failure to properly interview external candidates for the director position. The complaint, forwarded to ARTnews, also references a $3 million discrepancy in the reported endowment value and the departure of several trustees, leaving the board below its required size. The museum has formed a special committee to investigate the allegations, which were first reported by the Los Angeles Times in November 2025.

Botticelli under UK export ban purchased by Klesch Collection

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), valued at £10.2 million, has been purchased by the Klesch Collection, a British private collection, after the UK government placed an export bar on the work in May 2025. The painting, which sold at Sotheby’s London in late 2024 for £9.7 million, will be loaned to the Ashmolean Museum in Oxford for three years, ensuring it remains in the UK.

Pittsburgh’s burgeoning gallery community readies for its moment in art world spotlight

Pittsburgh's commercial gallery scene is experiencing a resurgence as the Carnegie International, the country's longest-running recurring exhibition, prepares to open its largest edition yet with 61 artists. Since the pandemic, several young gallerists with experience in New York and Los Angeles have opened spaces in the city, including Romance gallery (2023) by former Whitney curator Margaret Kross, and april april gallery (2024) relocated from Brooklyn by Patrick Bova and Lucas Regazzi. Longer-established galleries like Concept, Zynka, and James Gallery have welcomed these newcomers, with local figures such as collector Evan Mirapaul noting that Pittsburgh's robust arts ecosystem—including museums, universities, and nonprofits—has long lacked a strong commercial gallery presence.

A mind-bending Spaniard, an imagistic Puerto Rican and a lush Latvian – the week in art

This week's art roundup from The Guardian features a major exhibition on Spanish painter Francisco de Zurbarán at the National Gallery in London, described as a mind-bending and revelatory show with loans from the Prado and other top museums, positioning him alongside Goya and Picasso. Other highlights include Gilbert & George's tribute to their late homeless friend at their London centre, outdoor sculptures by Lynn Chadwick at Houghton Hall, thickly built-up paintings by Angel Otero at Hauser & Wirth Somerset, and abstract works by Latvian sculptor Daiga Grantina at Warwick Arts Centre. The article also covers a new Banksy statue in central London depicting a man marching with a flag, and a Masterpiece of the Week feature on Guido Reni's 'Saint Mary Magdalene'.

Which exhibitions and museums to visit in the evening this May in Paris?

Quels expos et musées voir en nocturne en ce mois de mai à Paris ?

Paris museums and galleries are extending their hours for evening visits in May, with many offering late-night openings on specific weekdays. The Palais de Tokyo is open until 10pm daily except Tuesday, the Musée du Luxembourg stays open until 10pm on Mondays, and the BnF Richelieu site is open until 8pm on Tuesdays. The Fondation Cartier pour l'art contemporain, newly relocated near the Louvre, welcomes visitors until 10pm on Tuesdays, while the Jeu de Paume stays open until 9pm on Tuesdays. On Wednesdays, the Musée du Louvre extends its hours until 9pm, alongside other museums. Current exhibitions include shows dedicated to Leonora Carrington, Martin Parr, and Nan Goldin, among others.

Au boulot ! 10 œuvres qui célèbrent le travail

Beaux Arts Magazine presents a feature on ten artworks that celebrate labor, from ancient Egyptian frescoes to modern depictions of workers. The article highlights pieces such as Pieter Brueghel the Elder's "The Harvesters" (1565), Diego Velázquez's "The Spinners" (c. 1657), and Johannes Vermeer's "The Milkmaid" (c. 1660), examining how artists have elevated peasant, artisan, and domestic work from background detail to central subject. The feature coincides with the Musée d'Orsay's nationwide initiative "100 œuvres qui racontent le travail" (100 Works That Tell the Story of Work), which explores the history and representation of labor in art.

Robot dogs with Musk and Zuckerberg heads roam around Berlin gallery in Beeple's new exhibit

American artist Beeple (Mike Winkelmann) has installed an interactive piece titled "Regular Animals" at Berlin's Neue Nationalgalerie, featuring robot dogs with hyper-realistic silicone heads modeled after Elon Musk, Mark Zuckerberg, Jeff Bezos, Andy Warhol, Pablo Picasso, and Beeple himself. The dogs roam the gallery and "poo" printed AI-transformed images of their surroundings, with each dog's output reflecting the worldview of its human figure—for example, the Picasso dog produces Cubist-style images. The work, first shown at Art Basel Miami Beach 2025, includes QR codes on prints that grant access to free NFTs.

Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

Lucas Museum Reveals First Set of Exhibitions Curated by Founder George Lucas

The Lucas Museum of Narrative Art in Los Angeles has announced its inaugural exhibitions, curated by founder George Lucas, ahead of its September opening. The initial hang will feature around 12,000 objects from the museum's collection of over 40,000, displayed across 30 galleries in the 300,000-square-foot building. Thematic galleries will highlight specific artists such as Thomas Hart Benton, Norman Rockwell, and N.C. Wyeth, as well as mediums like cinema, photography, muralism, and comics. Broader themes include "Everyday Life," "Narrative Forms," and "Western Stories."

Tefaf restoration award goes to 500-year-old Medici tapestry

Tefaf has awarded its Museum Restoration Fund prize to the Minneapolis Institute of Art (MIA) for the restoration of a 500-year-old Medici tapestry, "The Meeting of Dante and Virgil" (circa 1547-49). The €25,000 grant will support cleaning, consolidation, and lining of the 5.3-meter-high work, which has not been displayed in over 60 years due to severe damage including silk weft loss and open slits. The conservation will be carried out by the Midwest Art Conservation Center, and the tapestry is expected to go on public view at MIA this summer.

Major Greek contemporary art non-profit Neon to close after 14 years

Neon, a major Greek contemporary art non-profit founded by businessman and patron Dimitris Daskalopoulos, is closing after 14 years, stating it has fulfilled its cultural and social mission. Between 2012 and 2026, the organization presented 44 exhibitions across museums, historical sites, and public spaces, commissioning 105 works by Greek and international artists. Notable projects include donating Antony Gormley's sculpture 'RULE II' (2019) to the island of Delos—the first contemporary work permanently installed at an ancient site—and funding the €1.4m renovation of the Lenorman Street Tobacco Factory in Athens into a cultural center. Neon will present its final exhibition, the third installment of 'Michael Rakowitz & Ancient Cultures,' later this year at the Old Acropolis Museum.

Return of Aparicio painting to Prado exemplifies trajectory of human taste

The Prado Museum in Madrid has launched a new exhibition series called "A Work, a Story," beginning with José Aparicio's 1818 painting "El año del hambre de Madrid" (The Year of the Famine in Madrid). Once the museum's most popular attraction, the propagandistic work celebrating Spanish resistance to Napoleon fell from favor and was removed from display for over 150 years, residing in government buildings and other museums before returning to the Prado.

Robot dogs with Elon Musk's head 'poo' AI art in bizarre exhibition

Artist Beeple (Mike Winkelmann) has installed "Regular Animals" at Berlin's Neue Nationalgalerie, featuring robot dogs with hyper-realistic silicone heads of Elon Musk, Mark Zuckerberg, Jeff Bezos, Andy Warhol, Pablo Picasso, and Beeple himself. The dogs roam the gallery and periodically "poo" printed images of their surroundings that have been transformed by artificial intelligence, with each dog's output reflecting the style of its figurehead—for example, the Picasso dog produces Cubist-style images. The work premiered at Art Basel Miami Beach 2025, where Beeple distributed the prints with certificates reading "100% organic GMO-free dog s**t" and QR codes for free NFTs.

It’s not all movies: LA’s art, museums and exhibitions are world class

Los Angeles is expanding its cultural offerings with several new and renovated art institutions. The Museum of AI Arts, called Dataland, is set to open this spring at the Grand L.A. complex, created by artist Refik Anadol. It claims to be the world's first museum dedicated to AI art, featuring immersive installations like an Infinity Room with AI-generated scents. Meanwhile, the Natural History Museum completed a $75 million renovation in 2024, adding a 60,000-square-foot wing and displaying a unique green-boned dinosaur named Gnatalie, along with Barbara Carrasco's previously censored mural. The Los Angeles County Museum of Art is opening the David Geffen Galleries on May 4, a 110,000-square-foot space for its permanent collection.

Ittai Gradel, Whistleblower in British Museum Gem Theft, Dies at 61

Ittai Gradel, the Israel-born Danish gem expert who alerted the British Museum to the theft of thousands of antiquities from its collection after discovering them for sale on eBay, died on April 28 of renal cancer at age 61. Days before his death, British Museum officials visited him in hospice and presented him with a rarely awarded medal for his service. Gradel first warned deputy director Jonathan Williams in 2021 that artifacts were being sold online, identified veteran curator Peter Higgs as the culprit, and provided detailed evidence. After the museum failed to act, Gradel contacted then-director Hartwig Fischer; two years later, Higgs was fired, and Fischer and Williams left the institution amid the scandal.

What’s on now at San Francisco museums, May 2026

San Francisco museums are navigating a mix of upcoming exhibitions and financial challenges in May 2026. SFMOMA is closing "KAWS: Family" on May 3 and opening "Matisse’s Femme au chapeau: A Modern Scandal" from May 16 to September 13. The Mission Cultural Center for Latino Arts has suspended operations due to funding issues, and SOMArts is also facing a budget gap. Meanwhile, the Museum of Craft and Design presents "Video Craft" through August 16, and the Letterform Archive hosts "Black Memory Scholar: The Language of Storytellers" and "Piet Zwart: Brand Architect." SFMOMA has announced three SECA award winners—CrossLypka, Em Kettner, and Chanell Stone—who will exhibit from December 2026 to May 2027, and the museum continues to showcase "Reimagined: The Fisher Collection at 10" and new installations by Alexander Calder, Claes Oldenburg + Coosje van Bruggen, and Rose B Simpson.

Valerio Adami | Valerio Adami @Miart 2026 (2026) | Art & Prints

Valerio Adami, a prominent Italian painter born in 1935, is offering a new acrylic-on-canvas work titled "Valerio Adami @Miart 2026" (2026) through Dep Art Gallery. The painting, sized 198 × 147 cm, is a unique piece accompanied by a certificate of authenticity. Adami is known for his graphic, comic-inspired narrative figuration, with works held in major museums including MoMA, Centre Pompidou, and the Art Institute of Chicago.

New Perspectives: "Roy Lichtenstein in the Studio"

The Dallas Museum of Art (DMA) and the Nasher Sculpture Center have jointly opened "Roy Lichtenstein in the Studio," a landmark two-venue exhibition celebrating the pop artist's centennial. Organized by curators Dr. Catherine Craft, Ade Omotosho, and Dr. Emily Friedman, the show features over 50 works gifted by the Roy Lichtenstein Foundation, which is closing its operations. The exhibition marks the first collaboration between the neighboring institutions since "Matisse as Sculptor" nearly 20 years ago, and includes prints, drawings, maquettes, and sculptures that establish Dallas as a study center for Lichtenstein's work.

Telfair Museums presents Impressionism and Modernity: French and American Painting opening May 15

Telfair Museums will present "Impressionism and Modernity: French and American Painting" at the Jepson Center for the Arts from May 15 through August 16, 2026. Organized for the museum's 140th anniversary, the exhibition brings together Telfair's collection of American Impressionist works with key French Impressionist paintings from the National Gallery of Art, Washington, D.C., featuring artists such as Edgar Degas, Alfred Sisley, and Vincent van Gogh. The show explores Impressionism's origins in France, its transatlantic influence, and its impact on American art and identity, with works addressing themes of modern life, leisure, the city, and nostalgia for nature.

NEXT in the Gallery: Preview Pittsburgh summer with a 'Pity Party,' dog sculptures and so much more art

NEXTpittsburgh's May 2026 gallery preview highlights a packed month of art events leading into the Three Rivers Arts Festival. Key offerings include the 59th Carnegie International at Carnegie Museum of Art, opening May 2 with works by 61 artists from 24 countries and four new commissions at local institutions. Other featured shows include 'Down to Earth: Revealing the Natural World' at James Gallery, Jody Shell's 'Shoebox Memories,' Dominique Swift's 'Uli Awakened,' and a three-artist exhibition at Irma Freeman Center featuring Laura Jean McLaughlin, James Simon, and Robert Qualters.

Amplifying Indigenous Voices with Phil Cash Cash and the Portland Art Museum

The Portland Art Museum is launching a program to bring on a team of Native American co-curators to revitalize its Native American art collection, led by curator Kathleen Ash-Milby. The museum has partnered with multi-disciplinary artist and scholar Phil Cash Cash, a member of the Nez Perce and Cayuse tribes, who will contribute Indigenous perspectives to the collection's evolution. Cash Cash, who holds a PhD in Anthropology and Linguistics and co-founded the Crow's Shadow Institute of the Arts, gave a talk to the museum's Native American Art Council in early 2026, marking a new collaborative phase.

Inside the new David Geffen Galleries at LA County Museum of Art

The Los Angeles County Museum of Art (LACMA) has opened its new David Geffen Galleries, a $724 million building designed by Pritzker Prize-winning Swiss architect Peter Zumthor. The structure features a floating floor, floor-to-ceiling windows, and minimalist concrete interiors that create a calm, light-filled space. The inaugural exhibition presents 26 interconnected galleries with no set path, displaying artworks from ancient Egyptian hieroglyphs to contemporary installations like Do Ho Suh's "Jagyeong Hall, Gyeongbok Palace" (2026), aiming to eliminate hierarchies of time, place, or genre.

6 Black-owned Galleries Placing Artists in Major Museum Collections

Six Black-owned galleries—Mariane Ibrahim Gallery, Gallery Guichard, Galerie Myrtis, Richard Beavers Gallery, and Jenkins Johnson Gallery—are profiled for their success in placing artists into major museum collections. Each gallery has built institutional relationships that lead to acquisitions by museums such as the Baltimore Museum of Art, the Metropolitan Museum of Art, the Museum of Fine Arts, Boston, and the Bronx Museum, often retaining artists through the placement stage to capture long-term market value.

Jarvis Cocker and Kim Sion to curate art exhibition at Hepworth Wakefield

Jarvis Cocker and his wife Kim Sion will curate a new exhibition titled "Hodge Podge" at the Hepworth Wakefield, opening in May 2027. The show brings together a personal selection of works by artists including Jeremy Deller, Peter Doig, Barbara Hepworth, and others, alongside unknown outsider and visionary artists never before exhibited in UK public museums. The exhibition aims to challenge conventional ideas of art and includes an immersive Dreamachine, a flickering light device co-invented by Brion Gysin and Ian Sommerville in 1959.

Why London’s Whitechapel Gallery Hired an Economist

London's Whitechapel Gallery has appointed economist Mariana Mazzucato as its first economist-in-residence, a three-year role aimed at rethinking how museums generate revenue and demonstrate social value. The gallery faces a £880,458 deficit, a 325% increase from the previous year, due to declining exhibition income, reduced trust and foundation funding, and cuts in Arts Council England grants. Mazzucato, a professor at University College London and director of the Institute for Innovation & Public Purpose, will advocate for treating culture as a strategic public investment.

​​​​Art Movements: Curators Named for El Museo's Latine Art Survey

El Museo del Barrio has announced the curatorial team for the 2027 edition of La Trienal, its landmark survey of Latine contemporary art. The show will be organized by Susanna V. Temkin, interim chief curator at the museum; Zuna Maza, assistant curator; and guest curator Kaitlin Garcia-Maestas, formerly of Socrates Sculpture Park. In other biennial news, Amanda Carneiro and Raphael Fonseca were named chief curators of the 37th Bienal de São Paulo, the jury of the 61st Venice Biennale resigned after omitting Russia and Israel from awards consideration, and Marcello Dantas was appointed senior curator of the Vancouver Biennale. Hedwig Fijen will step down as director of Manifesta, with Emilia van Lynden and Catherine Nichols taking over in a new co-leadership model. Janne Sirén will resign as director of the Buffalo AKG Art Museum, Kate Kraczon was named chief curator at the Montclair Art Museum, and Charlie White was appointed dean of WashU’s Sam Fox School of Design & Visual Arts. Marina Abramović has designed wine labels for the Ornellaia estate, with limited-edition bottles to be auctioned by Bonhams to benefit the Guggenheim Pop exhibition.