Former Korean Prosecutor Convicted in Alleged Lee Ufan Painting Bribery Scheme

A former senior South Korean prosecutor, Kim Sang-min, has been convicted on appeal for allegedly gifting a painting by renowned artist Lee Ufan to former first lady Kim Keon Hee in exchange for political support ahead of the 2024 parliamentary elections. The Seoul High Court overturned an earlier acquittal, sentencing Kim to two years in prison (suspended for three years) for bribery, plus a separate suspended sentence for illegal political donations. The case took a strange turn when Kim's defense argued the artwork, titled *From Dots (No. 800298)* and valued at 140 million won ($95,500), was a forgery worth less than $700—a claim the court rejected after physically examining the piece and consulting experts.

Malaysia Showcases Recovered 1MDB Artworks, From Picasso to Miró

Four artworks recovered from the 1MDB scandal—by Picasso, Miró, Balthus, and Maurice Utrillo—have gone on public display for the first time at the Malaysian Anti-Corruption Commission headquarters in Putrajaya. The paintings were repatriated from New York after being traced through Sotheby’s and shipped back to Malaysia on April 14. They are part of a broader art trail linked to the massive financial fraud, with Malaysian officials framing the display as an act of restitution rather than an art event.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Treasures From Matthew Perry’s Estate Head to Auction for a Good Cause

Heritage Auctions will sell a trove of artifacts from Matthew Perry's estate starting June 5, including scripts and memorabilia from the sitcom *Friends*, artworks by Banksy and Mel Bochner, and personal items like a 3D portrait of his invented superhero "Mattman." Proceeds benefit the Matthew Perry Foundation, a nonprofit focused on ending addiction stigma and expanding access to evidence-based care, founded after the actor's death in 2023.

Texas Man Who Orchestrated $20 M. Crypto Scam Based on Fictitious Van Gogh and Picasso Masterpieces Sentenced to 23 Years in Prison

A Houston man, Robert Dunlap, was sentenced to 23 years in federal prison for orchestrating a $20 million cryptocurrency scam. Between 2018 and 2023, Dunlap defrauded nearly 1,000 investors by promoting a digital asset called “Meta-1 Coin,” falsely claiming it was backed by a $1 billion art collection featuring works by Salvador Dalí, Vincent van Gogh, and Pablo Picasso, as well as $44 billion in gold. He used forged legal and insurance documents to conceal that he owned neither the art nor the gold. A federal jury in the Northern District of Illinois convicted him on mail fraud charges in 2025, and US District Judge LaShonda A. Hunt imposed the sentence, also ordering restitution.

Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

Sotheby's will auction a major collection of masterpieces by artists including Gustav Klimt, Henri Matisse, Lucian Freud, and Francis Bacon, consigned by Joe Lewis and his daughter Vivienne, whose family owns Tottenham Hotspur. The collection, expected to fetch over £150 million, is projected to become the most valuable ever offered in London, with highlights such as Klimt's 'Bildnis Gertrud Loew' (estimated £20-30m) and Egon Schiele's 'Danaë' (estimated £12-18m, potentially setting a new artist record). The works will be exhibited in New York and London before the June sales.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

Online Auctions Continue to Draw in First-Time Art Buyers as Sales Grow

Online-only sales of fine art at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions reached $423.9 million in 2025, an 8 percent increase from 2024. The number of lots sold remained steady at 29,623, but the average price per work rose 8.6 percent to $14,309. Sales were 270 percent higher than in 2019, before the pandemic accelerated the shift to digital auctions. Christie’s reported that 63 percent of new buyers in 2025 made their first purchase online.

Wildenstein dispute over Monet work highlights art market opacity

A long-running dispute involving the Wildenstein art dynasty has resurfaced over a 2004 transaction for Claude Monet's *Adolphe Monet Reading in a Garden* (1867). The painting was acquired by Guy Wildenstein through a €4.5m deal that included works by Pierre Bonnard and Alfred Sisley, among them Monet's *Marine, Amsterdam* (1874). That work was later resold via Christie's, but a 2020 sale attempt revealed that the original canvas had been lost during a transfer process, significantly reducing its value. Court-appointed specialists concluded in 2024 that the alteration predated the transaction and that the gallery likely knew of the damage. The sellers have filed a claim alleging "vitiated consent" under French law, with a court date set for 7 May in Rouen. The disputed Monet now reportedly belongs to billionaire Larry Ellison.

Is A Random Unknown Artist More Valuable Than Picasso? AI Thinks So.

An experiment using a custom AI model to evaluate artistic value independent of market context found that the model assigned a seven-figure price to an unknown street artist's work while valuing a Picasso at under $1,000. The project, run by an art journalist with a data scientist and an AI expert, trained a Fine Art Large Vision Model on millions of images and price data. Without metadata like artist name or gallery affiliation, the model's predictions were technically interesting but commercially useless; only when those market signals were added did predictions align with real auction outcomes.

The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

Ain Bailey “The Jamaica Project” at Camden Art Centre, London

Camden Art Centre in London announces a major new exhibition by London-based composer, artist, and DJ Ain Bailey, featuring a new commission in Gallery 3. The commission is the latest installment of a film trilogy begun in 2021, rooted in Bailey's biography and centered on her personal history.

Collaged Denim Sculptures by Nick Doyle Unravel American Mythology

Brooklyn-based artist Nick Doyle creates large-scale wall sculptures using layered and bleached denim, exploring American mythology and its contradictions. His solo exhibition "Collective Hallucinations" at Perrotin features works such as stylized cacti, landscapes, tarot cards, and a fortune teller's shop, all rendered in denim. Doyle's practice began after finding a discarded roll of denim in 2018, which he saw as a metaphor for the complexities of American history, including slavery, masculinity, and Manifest Destiny.

Pollock and Brancusi Join the $100 Million Club at Auction

A drip painting by Jackson Pollock sold for $181.2 million with fees, and a bronze head by Constantin Brancusi from the S.I. Newhouse collection fetched $107.6 million at Christie’s, both joining the $100 million club at auction.

The Swiss Collector Building a Massive Trove of Chinese Art

Swiss businessman and former diplomat Uli Sigg has spent over three decades assembling one of the largest private collections of contemporary Chinese art, comprising thousands of works. Artist Ai Weiwei has referred to Sigg as “my maker,” highlighting the collector’s pivotal role in promoting Chinese contemporary art on the global stage.

Steven Soderbergh, the Colors of Money

Steven Soderbergh, les couleurs de l’argent

Steven Soderbergh's new film "The Christophers" (2025) is a sharp, chamber-piece drama about art, inheritance, and money. The story follows Julian Skar, a former art superstar from the 1970s now living in seclusion and earning a living by caricaturing himself on social media. His children, Barnaby and Sally, eager to maximize their future inheritance, hire a repentant forger named Lori Butler to secretly complete Julian's unfinished masterpiece, an eight-portrait series titled "The Christophers." The film explores the complex relationships that develop between the four characters in a labyrinthine London house, written in the style of a lively theatrical play.

Brazilian Police name alleged thief of Matisse works

Brazilian police have named Laéssio Rodrigues de Oliveira Silva as the alleged mastermind behind the December 2024 theft of thirteen artworks from the Biblioteca Mario de Andrade in São Paulo. The stolen works include eight prints by Henri Matisse from his book *Jazz* (1947) and five illustrations by Candido Portinari for *Menino de Engenho* (1959). Two suspects were initially identified, with one arrested, but police now allege Rodrigues de Oliveira Silva orchestrated the heist from prison, where he is already serving time for previous thefts of rare books and manuscripts from institutions including the National Library Foundation and the University of São Paulo. He is also suspected of ties to the PCC organized crime gang. Two alleged intermediaries and one of the two gunmen have been arrested, while the other gunman, Gabriel Pereira Rodrigues de Mello, remains at large, and the artworks have not been recovered.

Robust Sales at Sotheby’s, Phillips Suggest Art Market Upswing

The May 19 evening sales at Sotheby’s and Phillips generated a combined $419.1 million, signaling a potential recovery in the contemporary and modern art market. Sotheby’s brought in $303.9 million—60% more than the previous year—led by a record-breaking $48.4 million Matisse, while Phillips achieved $115.2 million, more than double its 2025 sales. Both auctions saw high sell-through rates, with 98% and 100% of lots sold respectively. Notable lots included a $42.6 million Picasso, a $29.4 million van Gogh drawing, and strong performances by female artists like Lee Bontecou, Joan Mitchell, and Helen Frankenthaler.

Sainsbury Centre Receives £91.2 Million Donation for Refurbishments

The Sainsbury Centre in Norwich, England, has received a £91.2 million donation from politician and philanthropist Lord David Sainsbury, one of the largest gifts ever made to a UK museum. The funds will support a major refurbishment of the Grade II* listed building, originally designed by Norman Foster, including the conversion of the south cafe terrace into a sustainable space and the installation of photovoltaic panels. The museum was founded in 1973 through a donation from Lord Sainsbury’s parents, Sir Robert and Lady Lisa Sainsbury, who also commissioned Foster to design the gallery.

Christie’s Auction Rakes in $1.1 Billion as Pollock Sells For Triple Record Price

Christie’s generated $1.1 billion in back-to-back evening sales on May 18, driven by record-breaking prices for major artworks. The top lot was Jackson Pollock’s 1948 drip painting *Number 7A*, which sold for $181.2 million with fees, tripling the artist’s previous auction record. Other highlights included Constantin Brancusi’s *Danaïde* (ca. 1913) at $107.6 million, Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* (1964) at $98.4 million, and Alice Neel’s *Mother and Child (Nancy and Olivia)* (1967) at $5.7 million. The sales featured works from the collections of S. I. Newhouse and Agnes Gund.

Trevor Paglen Will Curate Art Basel’s ‘Zero 10’ Digital Initiative

Trevor Paglen, an artist and geographer known for exploring surveillance technology, has been named curator of the third edition of Art Basel's 'Zero 10' digital art initiative, set to debut at Art Basel in Switzerland. He will co-curate the program with digital art strategist Eli Scheinman, featuring twenty exhibitors under the theme 'The Condition,' which examines life saturated by digital media and AI. The presentation will include works such as Hito Steyerl's 'Green Screen' (2023) and pieces by pioneering digital artist Vera Molnar.

Online-Only Art Auctions Overwhelmingly Succeed in 2025

A new report from Artnet reveals that online-only auctions at Sotheby’s, Christie’s, Phillips, Bonhams, and Artnet Auctions generated $423.9 million in 2025, an 8% increase from 2024. The average price of artworks sold online also rose 8.6% to $14,309, with some platforms like Fair Warning finding success through hyper-specific sales, such as one centered on Andy Warhol’s 1974 portrait of Brigitte Bardot. Christie’s reported that 63% of new buyers made their first purchase online in 2025, where the average price point was $22,700.

Father Daughter Counterfeiting Duo Face Twenty Years in Prison

A father-daughter duo from New Jersey, Erwin Bankowski (50) and Karolina Bankowska (26), pleaded guilty to creating and selling over 200 counterfeit artworks falsely attributed to artists including Andy Warhol, Pablo Picasso, Fritz Scholder, and Banksy. They admitted to wire fraud conspiracy and misrepresentation of Native American-produced goods, defrauding buyers out of at least $2 million. The pair fabricated provenances and collection histories, forged gallery stamps, and attempted to auction the works for up to $160,000 each. They each face up to 20 years in prison.

Interview with the frontier gallerist who opened his space in Vasto, Abruzzo

Intervista al gallerista di frontiera che ha aperto il suo spazio a Vasto in Abruzzo

Sangallo Fine Art, a modern art gallery located in Vasto, Abruzzo, Italy, is profiled in an interview with its founder Giorgio di Michele Marisi. The gallery, born from a chance encounter and a passion for 20th-century art, has carved out a distinctive space in the periphery of the art world. It is currently presenting the exhibition "Permanenza della materia espansa" (2026), curated by Lorenzo Madaro, which exemplifies its commitment to critical rediscovery and experimental display. Despite being geographically distant from traditional art hubs, the gallery has built a loyal clientele of knowledgeable collectors and international buyers, relying on direct relationships and participation in art fairs.

Tutto venduto e il doppio del ricavo rispetto all’anno scorso. A New York fa boom anche l’asta di Phillips

Phillips held its Modern & Contemporary Art Evening Sale in New York on May 19, 2026, achieving a complete sell-out with a total of $115.2 million. All 41 lots were sold, doubling the result from May 2025 ($52 million). Top lots included Andy Warhol's *Sixteen Jackies* ($16.2 million), Claude Monet's *La Route de Vétheuil, effet de neige* ($9.9 million), and Jackson Pollock's *Untitled* (1948) ($9.2 million). New auction records were set for Lee Bontecou, Pat Passlof, P.S. Krøyer, and Joseph Yaeger, while works by Salman Toor and Cecily Brown also sold above estimates.

New York's Art Week 2026 is underway. A guide to all the fairs to see in the city: Frieze and the others

È in corso l’Art Week di New York del 2026. La guida di tutte le fiere da vedere in città: Frieze e le altre

New York's spring Art Week is underway in mid-May 2026, anchored by two major fairs: Frieze New York (May 13–17) at The Shed, featuring about 70 galleries from over 25 countries, and TEFAF New York (May 15–19) at the Park Avenue Armory, celebrating its tenth edition with 88 galleries. Additional fairs include Independent Art Fair at Pier 36 (May 14–17) with 76 galleries and site-specific installations, and NADA New York at the Starrett-Lehigh Building (May 13–17), promoting emerging artists. The week also involves museums, cultural institutions, and galleries citywide.

10 Works Under $10K at Frieze New York 2026

Frieze New York 2026 offers a selection of artworks priced under $10,000 in its online Viewing Room, making the fair more accessible to a broader range of collectors. Featured works include Esther Pearl Watson's UFO-themed paintings of rural America and Nobuyoshi Araki's intimate photographs of his cat, among other affordable pieces from various galleries.

Wilhelm Sasnal and the Intimacy of History

The article reviews national pavilions at a major international art exhibition, focusing on the US, British, and German presentations. Andrew Durbin critiques the US pavilion as vacuous and lacking meaning, while praising the British and German installations as incisive and moving. The review highlights a contrast between superficial spectacle and deeply engaging, historically resonant works.

BUSINESS MONDAY: Spotlight on Art in the Berkshires—now open on Castle Street

Art in the Berkshires, founded in 2024 as an online resource, has opened a physical gallery and studio space at 8 Castle Street in Great Barrington, Massachusetts. The venture is led by Shany Porras, an abstract painter and founder who serves as gallery director, aiming to make Berkshire creativity more accessible through artist directories, venue listings, and a weekly newsletter.