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Art Lender Accuses Maddox Gallery of Inflating Value of Art Used as Collateral—’Bizarre and Irrational’ Claim, Says Gallery

Luxury Asset Capital (LAC) has filed a civil complaint in the US District Court for the Southern District of New York accusing Maddox Gallery of inflating the value of artworks used as collateral for loans. The dispute stems from a 2023 deal in which Maddox provided substitute collateral—works by Duncan McCormick and Albert Willem—in exchange for a George Condo painting previously held by LAC. LAC alleges that Maddox engaged in a "pump and dump" scheme, artificially bidding up auction prices for McCormick and Willem works to 10–15 times pre-sale estimates, then using those inflated values to justify trades. After the alleged bid-rigging stopped, auction prices fell, and LAC claims it is left with works worth only a fraction of what Maddox represented. Maddox Gallery co-founder Nick Sharp denies the claims as "bizarre and irrational," calling the lawsuit a baseless attempt to unwind a voluntary agreement.

Jackson Pollock painting sells for record $181m at Christie’s in New York

Jackson Pollock's painting *Number 7A, 1948* sold for a record $181.2 million at Christie’s in New York, becoming the fourth most expensive work ever sold at auction. The sale also saw record prices for works by Constantin Brâncuși, Mark Rothko, and Joan Miró, with Brâncuși's bronze head *Danaïde* fetching $107.6 million and Rothko's *No 15 (Two Greens and Red Stripe)* selling for $98.4 million.

A skateboarder’s lament: the dismantling of San Francisco’s iconic and divisive fountain

San Francisco's Vaillancourt Fountain, a controversial concrete sculpture and centerpiece of Embarcadero Plaza since 1971, caught fire during its dismantling in early May 2025 after the city voted to potentially replace it with a grassy park. Designed by artist Armand Vaillancourt, the fountain was a landmark for the city's skateboarding scene in the 1980s and 1990s, but fell into disrepair and became a flashpoint in debates over modernist public art. The removal, costing $4 million for storage and assessment, was mourned by skateboarders and preservationists who saw it as a loss of cultural and architectural heritage.

Sotheby’s Posts $433 Million Haul, as Trophy Lots Continue to Carry the Market

Sotheby's May 2025 evening auctions in New York generated $433.1 million, a 132.7% increase over the same sales last spring, despite offering fewer lots. The evening featured an 11-lot sale from the collection of the late banker-turned-dealer Robert Mnuchin, which alone brought in $166.3 million, led by Mark Rothko's "Brown and Blacks in Reds" (1957) selling for $85.8 million. The main contemporary art auction, including "The Now" sale, totaled $266.8 million, with over 80% of lots guaranteed. Four works went unsold and one was withdrawn, yielding a 91% sell-through rate.

Our 7 Favorite Artworks Under $10,000 from the 2026 New York Art Week Fairs

New York Art Week 2026 features over 350 art fair booths across Manhattan, with six major fairs forming the core of the event. The article highlights seven favorite artworks priced under $10,000, offering accessible entry points for collectors during the city's busiest art season.

Mounting Rene Matić’s snapshots in Perspex isn’t really enough to make them interesting | Charlotte Jansen

Rene Matić, at 29, became the youngest winner of the £30,000 Deutsche Börse Photography Foundation prize, nominated for their solo exhibition "As Opposed to the Truth" at CCA Berlin. A smaller version of that show is now at the Photographers’ Gallery in London. Matić was also the youngest Turner Prize nominee last year. The article critiques Matić's work, praising their 2022 piece "Upon This Rock" for exploring masculinity, fatherhood, and British identity, but dismissing much of their other output—like the snapshot installation "Feelings Wheel"—as immature, mediocre, and reliant on display gimmicks rather than photographic substance.

Performa Is Bringing a Star-Studded Variety Show to Broadway

Performa, New York's biennial for performance art, is staging a one-night variety show on Broadway at Manhattan's Town Hall on June 10. The inaugural Performa All-Star Variety Show will feature artists including Barbara Kruger, Julio Torres, Marcel Dzama, Laurie Simmons, and Anne Imhoff, hosted by comedian Casey Jost. The 90-minute, 12-act event draws inspiration from 19th-century vaudeville and Futurist cabarets, offering a public spectacle outside the biennial's usual three-week format.

Across Venice, Artists Defy Censorship to Mourn and Memorialize Gaza

The 2026 Venice Biennale, titled “In Minor Keys,” features numerous artworks that mourn and memorialize the destruction of Gaza, despite censorship pressures. The main exhibition opens with a poem by slain Palestinian poet Refaat Alareer, and includes works by artists such as Theo Eshetu, Mohammed Joha, Manuel Mathieu, and Avi Mograbi that directly or indirectly address the conflict. Outside the official Biennale, South African artist Gabrielle Goliath’s performance series “Elegy” was censored by her country’s culture minister after she proposed a version honoring murdered Palestinian poet Hiba Abu Nada, leading her to present the work independently at a church in Venice.

Counterpublic comes to New York ahead of its next triennial, Coyote Time

Counterpublic, a St. Louis-based non-profit that reimagines public art, is bringing its mission to New York ahead of its third triennial, titled "Coyote Time." The organization will kick off New York art week with a party celebrating the triennial's curators and artists, including Stefanie Hessler, Jordan Carter, and Wanda Nanibush. It has partnered with Frieze New York to present a new commission and performance by Oglála Lakȟóta artist Kite at The Shed, offering a preview of the triennial. The third edition, "Coyote Time," runs from September 12 to December 12 across five main sites in St. Louis, featuring nearly 50 artists, duos, and collectives. The title derives from artist Alice Bucknell's video game-inspired commission about suspended moments, and the exhibition will explore themes of migration, identity, climate, and technology through ambitious new works and historical reinterpretations.

Best in Show: 6 Standouts at the 2026 Venice Biennale

Artnet News writers highlight six standout exhibitions at the 2026 Venice Biennale, which opens to the public on May 9. Among the picks are Ei Arakawa-Nash's interactive installation "Grass Babies, Moon Babies" at the Japan Pavilion, featuring baby dolls and diaper-changing stations; Florentina Holzinger's provocative performance "Seaworld Venice" at the Austria Pavilion, involving nude performers, jet skis, and recycled wastewater; and Dayanita Singh's photographic exhibition "Archivio" at the State Archives of Venice, presenting intimate black-and-white images arranged as freestanding columns.

Numerous Venice Biennale Pavilions and Artists Go on Strike in Protest over Israel’s Participation

Thousands of protesters marched through Venice on the eve of the Venice Biennale's public opening, organized by Art Not Genocide Alliance (ANGA), to demand Israel's exclusion from the event. At least 18 national pavilions—including Austria, Belgium, France, Great Britain, and Ukraine—participated in a 24-hour strike, shutting down completely or partially. Protesters chanted slogans, waved Palestinian flags, and carried banners reading "no genocide pavilions," while ANGA released a statement with 236 signatories calling for Israel's removal, citing the humanitarian crisis in Gaza.

Banksy’s Venice mural has been restored and will now tour city

A Banksy mural titled "Migrant Child," originally sprayed onto a 17th-century palazzo in Venice in 2019, has been restored and will tour the city's canals this weekend. The work, which depicts a child holding a flare and wearing a life vest, was removed from the Palazzo San Pantalon after six years of neglect and environmental damage had caused about a third of it to deteriorate. The restoration was funded by Banca Ifis, which purchased the palazzo in 2024 and commissioned Zaha Hadid Architects for the building's renovation. The conservation was supervised by Federico Borgogni, who previously oversaw the removal of another Banksy work in Bristol.

‘We put our heads above the parapet’: Lubaina Himid on winning her 40-year battle to storm the Venice Biennale

Lubaina Himid, the 71-year-old British artist, is representing Britain at the Venice Biennale with a solo exhibition in the British Pavilion. Known for her decades-long career addressing Black identity and colonial history through paintings, textiles, and cut-out figures, Himid installed her work early and even got married in the lead-up to the biennale. She follows fellow Black British artists John Akomfrah and Sonia Boyce in recent years, completing a trio of artists from the same generation to take over the pavilion.

Meet the London Perfumer Building a Collection Around Humor and Instinct

Cherry Cheng, a London-based perfumer, has curated a personal art collection in her Notting Hill flat that reflects her instinctive and humorous approach to collecting. The collection features works by artists such as Beau Gabriel, Miranda Keyes, Sarah Pucci, Juliette Teste, Araki Nobuyoshi, Katrien de Blauwer, Lucile Littot, Leo Costelloe, Sebastian Espejo, and Joline Kwakkenbos, displayed throughout her home like a diary of her tastes.

Raghu Rai’s masterful images of Indian life – in pictures

Raghu Rai, the celebrated Indian photographer who was recruited to Magnum Photos by Henri Cartier-Bresson in 1977, has died at the age of 83. Over five decades, he produced defining images of Indian life, ranging from intimate portraits of Mother Teresa to stark documentation of the Bhopal disaster. His work captured both the grand and the everyday, from crowds at Mumbai's Churchgate railway station to slums in Dharavi, and he published more than 18 books, receiving multiple awards for his unflinching human gaze.

The 2026 Venice Biennale, Explained

The 2026 Venice Biennale, the 61st edition of the world's oldest and most prestigious contemporary art biennial, will run from May 9th to November 22nd, with previews from May 6th to 8th. Its central curated exhibition is titled "In Minor Keys," and it will be accompanied by a series of national pavilions.

Yoko Ono launches playable online chess bot.

Chess.com has launched a digital chess bot inspired by Yoko Ono’s seminal 1966 conceptual artwork, Play It By Trust. The game features an all-white board and pieces, mirroring the original installation where players eventually lose track of their own pieces, forcing them to collaborate or abandon the competitive nature of the game. The release coincides with Ono’s 93rd birthday and the digital debut of the Oscar-winning short film War Is Over!, which draws from her and John Lennon’s peace activism.

German artist Thomas Zipp, who explored the dark side of humanity, dies at 60.

German artist Thomas Zipp, a prominent figure in the Berlin art scene known for his dark, immersive installations, has died at the age of 60. His longtime representative, Galerie Barbara Thumm, confirmed his passing on April 4th, noting that the artist died far too soon. Zipp gained international recognition for his multidisciplinary approach, blending painting, sculpture, and performance into theatrical environments that often felt like unsettling psychological experiments.

Two Monet Paintings, Unseen for a Century, Resurface at Auction

Two significant paintings by Claude Monet, unseen by the public for over a century, are being offered at auction by Sotheby's Paris. The works, *Les Îles de Port-Villez* (1883) and *Vétheuil, Effet du Matin* (1901), have been held in private collections for 115 and over 100 years respectively, with the former last exhibited in the early 20th century at Paul Durand-Ruel's New York gallery. Their combined estimates make them the most valuable Monet paintings to appear at auction in France since 2001.

lorena levi painter dead

Lorena Levi, a British artist known for her narrative portraits painted on wood, died on January 8 at age 29 after battling pancreatic cancer. Her death was announced via Instagram. Levi gained rapid momentum in the UK art scene over the past few years, staging a show in Milan with M+B gallery, participating in the V.O. Curations program, and being added to Marlborough Gallery's roster shortly before it closed in 2023. Her work is held in the British government's national collection. She was born in Istanbul in 1997, raised in Tel Aviv and the UK, and studied at Art & Guilds in London and Edinburgh College of Art.

serpentine pavilion commission lanza atelier

LANZA atelier, a Mexico City-based architecture studio founded by Isabel Abascal and Alessandro Arienzo, has been commissioned to design the 2025 Serpentine Pavilion in London’s Kensington Gardens. The pavilion, which will be unveiled on June 6, marks the 25th anniversary of the Serpentine Pavilion program. Inspired by the English serpentine or crinkle-crankle wall, the design features a brick wall of alternating curves, a translucent roof resting on brick columns, and a second wall that harmonizes with the tree canopy. This year’s pavilion will be accompanied by a dedicated architecture program at Serpentine South, honoring the legacy of Zaha Hadid, who designed the inaugural pavilion in 2000.

franco vaccari artist dead

Franco Vaccari, an Italian conceptual artist known for his participatory photography works, has died at 89. His death was announced by his gallery, P420 in Bologna, just four months before a retrospective of his work was set to open at Museion in Bolzano, Italy, in March. Vaccari's most famous piece, Esposizione in tempo reale n. 4, featured a photobooth at the 1972 Venice Biennale where viewers were invited to take and leave their portraits. He continued to explore themes of public and private space, information, and technology throughout his career, including later works with QR codes.

us mashal auction basquiat picasso diane arbus 1mdb scandal

The US Marshals Service is auctioning four artworks by Pablo Picasso, Jean-Michel Basquiat, and Diane Arbus that were surrendered to the US Department of Justice in connection with the 1Malaysia Development Berhad (1MDB) scandal. The online-only auction, run by Gaston and Sheehan auction house in Texas, began on July 16 and closes on September 4, with no buyer's premium. The works include Basquiat's *Self Portrait* (1982) and *Red Man One* (1982), Picasso's *Tête de taureau et broc* (1939), and Arbus's *Child with a Toy Hand Grenade* (1962). The pieces were linked to fugitive financier Jho Low and actor Leonardo DiCaprio, who surrendered them after they were located in Switzerland.

pee wee herman

Paul Reubens, the actor and comedian best known for his character Pee-wee Herman, died at age 70 on June 30, leaving behind a legacy that extends far beyond children's television. The article explores how the design of "Pee-wee's Playhouse" (1986–1990) was a groundbreaking aesthetic achievement, created by a team of downtown New York artists—production designers Gary Panter, Ric Heitzman, and Wayne White—who approached the set as an evolving art installation. Their work blended postmodernism, Memphis Group influences, psychedelia, and thrift-store aesthetics into a joyful, childlike environment that became a cultural touchstone.

mark leckey art school

Artist Mark Leckey piloted a free month-long art course called Music and Video Lab this summer in Redruth, Cornwall, aimed at attracting people aged 18 to 25 who lack access to formal art education. The course, costing £15,000 with support from Arts Council England, was initiated by curator Teresa Gleadowe of CAST and artist Liam Jolly of Auction House, with final works screened at CAST from August 5 through September 3.

hamptons jewelry show 2025

The Hamptons Jewelry Show (HJS) returns July 24–27, 2025, in Southampton, New York, for its eighth edition. The event brings together 80 brands, dealers, and artisans from around the world, offering high-end jewelry including signed pieces from Cartier, Bulgari, Van Cleef & Arpels, and David Webb. Curator Hilary Joy Diaz and founder Rick Friedman emphasize the show's direct-to-customer model, where collectors meet makers and dealers face-to-face, contrasting with traditional retail and art fair models.

newsmakers valentina akerman gallery sardine hamptons

Valentina Akerman, an art director and architect, opened Sardine gallery in a weathered Amagansett rental last summer with her husband, artist Joe Bradley. What began as an improvised experiment has grown into a Hamptons success story, now in its second season with a Summer 2025 program featuring film series, residencies, dinners, and four exhibitions pairing painters with sculptors. The gallery also hosted a pop-up in Paris during Art Basel Paris and is organizing a group show at Le Consortium Museum’s summer space in Burgundy.

mierle laderman ukeles maintenance artist documentary review

A new documentary titled "Maintenance Artist," directed by Toby Perl Freilich, premiered at the Tribeca Film Festival. The film chronicles the career of Mierle Laderman Ukeles, who coined the term "Maintenance Art" in a 1969 manifesto to elevate everyday domestic and civic labor into art. It follows her decades-long collaborations with New York City agencies, including her seminal "Touch Sanitation Performance" (1979–80) with the NYC Department of Sanitation, and her ongoing struggle to realize the installation "Landing: Cantilevered Overlook" (2008) at Freshkills Park. The documentary weaves together archival footage, interviews, and analysis of second-wave feminism, conceptual art, and urban bureaucracy.

heidi hahn not your woman

Artist Heidi Hahn discusses her recent exhibition "Not Your Woman" and the emotional journey behind the paintings in an interview with Thalia Stefaniuk. Originally scheduled to open at Mitchell-Innes & Nash's Chelsea gallery, the show was cancelled when the gallery suddenly closed, leaving Hahn feeling discarded and forcing her to rethink the work. The resulting large-scale canvases feature abstract, monumental female bodies rendered in muted oranges, reds, and blues—figures that are faceless, exaggerated, and more like totems or memories than recognizable women. The conversation explores themes of disappointment, failure, and the tension between wanting to be seen and wanting to disappear.

frida kahlo art missing at casa azul allegations

Hilda Trujillo Soto, the former longtime director of the Museo Frida Kahlo (Casa Azul), has alleged that numerous artworks by Frida Kahlo are missing from the museum's collection and may have been sold at auction in the U.S. to private collectors. In a blog post, she accused the Casa Azul board of ignoring evidence of missing art uncovered during her 18-year tenure, and claimed that the sale or transfer of works from the Diego Rivera inventory would violate both the artist's bequest to the people of Mexico and Mexican law. Several missing works, including the painting *Peoples' Congress for Peace* (1952), which sold for $2.66 million at Sotheby's in 2020, appear to have passed through Mary-Anne Martin Fine Art in New York.