Art Basel’s Parent Company Plans New ‘Ideas Festival’—and More Art Industry News

MCH Group, the parent company of Art Basel, is launching a new global ideas festival called the Futurific Institute in Basel in 2028, backed by billionaires James and Kathryn Murdoch. Art Dubai has postponed its 20th edition due to regional conflict, while several galleries are opening, closing, or changing locations, including Brooke Benington in London and Timothy Taylor in New York. Additionally, Mexico is demanding eBay remove listings for pre-Columbian artifacts, and institutions like the Royal Academy of Arts and MCA Chicago are announcing key leadership changes.

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The Making Their Mark Forum recently convened 350 women in the arts—including artists, curators, and over 20 museum directors—at the Martin Luther King Jr. Memorial Library in Washington, D.C. Organized by collector Komal Shah alongside Cecilia Alemani and Loring Randolph, the invitation-only conference coincided with a traveling exhibition of Shah’s collection at the National Museum of Women in the Arts. The event featured high-profile speakers like Chelsea Clinton and Ava DuVernay, focusing on dismantling structural gender inequities and celebrating the foundational contributions of women to art history.

Jeweled Snuffboxes Stolen in Brazen Paris Heist Go on Display

Jeweled Snuffboxes Stolen in Brazen Paris Heist Go on Display

Two 18th-century jeweled snuffboxes, stolen in a 2024 axe-wielding heist at Paris's Musée Cognacq-Jay, have been restored and will go on display at London's Victoria and Albert Museum. The boxes, part of the Rosalinde and Arthur Gilbert Collection, were among seven luxury objects stolen; five were later recovered after an insurance payment, but a third snuffbox remains missing.

Frida Kahlo: Making of an Icon

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The Museum of Fine Arts, Houston, has launched a major exhibition titled "Frida Kahlo: Making of an Icon," which explores the artist's transformation from a relatively unknown figure during her lifetime into a global cultural phenomenon. Curated by Mari Carmen Ramírez, the show features over 200 objects related to "Frida mania" alongside works by 80 contemporary artists who have been influenced by her legacy. The exhibition traces her life from her childhood in Mexico City and her tumultuous relationship with Diego Rivera to her emergence as a symbol for various social movements.

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The Gochman Family Collection, a significant patron of Indigenous art, has announced plans to open two new exhibition spaces totaling 10,000 square feet in Katonah, New York. Scheduled to debut this fall, the venues will showcase selections from a rapidly growing collection of over 750 works by Native artists from the U.S. and Canada. To lead this expansion, the organization has appointed Laura Phipps, a former associate curator at the Whitney Museum of American Art, as its inaugural director.

Cosima von Bonin Loewe Paris

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German artist Cosima von Bonin collaborated with Loewe for its Fall/Winter 2026-2027 womenswear show at the Château de Vincennes during Paris Fashion Week. The artist’s signature plush sculptures, including oversized octopuses and bug-eyed scallops, occupied front-row seats and populated the runway set. Beyond the scenography, von Bonin’s zoomorphic motifs were integrated directly into the collection as jewelry, charms, and minaudières.

Hiba Schahbaz: The Garden

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Hiba Schahbaz is the subject of her first major museum retrospective, "The Garden," at the Museum of Contemporary Art, North Miami. Curated by Jasmine Wahi, the exhibition features 80 works spanning 15 years, tracing the artist's evolution from traditional Indo-Persian miniature painting in Lahore to her current large-scale practice in Brooklyn. The show highlights her recurring use of the female nude—often a stylized self-portrait—navigating mystical landscapes filled with Sufi poetry, mythical creatures, and art historical references.

Michaelina Wautier Market Appraisal

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The 17th-century Flemish Baroque painter Michaelina Wautier is experiencing a significant rediscovery following centuries of obscurity and misattribution. Long overshadowed by her male contemporaries and her brother Charles, Wautier's diverse oeuvre—ranging from still lifes to monumental allegorical scenes—is being re-evaluated through major exhibitions at the Kunsthistorisches Museum in Vienna and the Royal Academy of Arts in London. This scholarly revival is correcting the historical record, as works previously attributed to artists like Artemisia Gentileschi are being rightfully returned to her catalog.

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Actor Josh Brolin recently appeared on the Felix Podcast to discuss his extensive journey as an art collector, revealing the challenges even Hollywood stars face when navigating the gallery system. Brolin shared anecdotes about being placed at the back of waiting lists for high-demand artists like Danielle Mckinney and the humbling experience of having to prove his sincere passion for works to dealers like Jeffrey Deitch. The conversation highlighted his collection, which includes works by George Condo, Shara Hughes, and Jammie Holmes.

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A collection of 35 rare Rembrandt van Rijn etchings has been rediscovered in the Netherlands after being stored in a family safe for nearly a century. Inherited by Charlotte Meyer from her grandfather, the prints were authenticated by experts from the Rembrandt House Museum, who were stunned by their exceptional condition. The works had remained out of the public eye since the early 20th century until Meyer sought professional appraisal during the 2020 pandemic.

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The New York art scene is witnessing a shift in the Tribeca gallery landscape as 1969 Gallery, a fixture known for championing emerging painters, has shuttered its physical space at 39 White Street. Founder Quang Bao confirmed the closure following the building owner's decision to sell the property, noting that he is currently operating from Barcelona with plans to pivot toward collaborations and residencies rather than the traditional gallery model. Meanwhile, the itinerant Ward Gallery continues to gain traction by hosting pop-up symposia at institutions like the International Center for Photography, signaling a broader trend toward real-estate-free dealership.

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The American Federation of the Arts (AFA) has launched a major touring exhibition titled "Abstract Expressionists: The Women," featuring nearly 50 works from the collection of Christian Levett. Currently on view at the Muscarelle Museum of Art in Virginia, the show highlights 32 artists who were pivotal to the movement but often overshadowed by their male peers. The exhibition includes masterpieces by celebrated figures like Helen Frankenthaler and Lee Krasner alongside rediscovered works by lesser-known painters such as Emiko Nakano and Yvonne Thomas.

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A significant trend is emerging in the New York art scene this winter, as a wave of gallery and museum exhibitions highlights contemporary artists engaging deeply with European Old Masters. While some critics dismiss art historical references as "reference-baiting" to boost market value, artists like Émile Brunet and Eleanor Johnson are demonstrating a profound technical and intellectual commitment to these lineages. Their work moves beyond mere pastiche, utilizing traditional materials, Northern Renaissance aesthetics, and Baroque glazing techniques to address modern themes of labor, humanism, and information overload.

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Austrian-born, Netherlands-based performance artist Florentina Holzinger has joined the roster of blue-chip gallery Thaddaeus Ropac. This move comes just months before she is set to unveil her project "Seaworld Venice" for the Austrian Pavilion at the 2024 Venice Biennale, marking a significant shift of her boundary-pushing, interdisciplinary practice from the theater and dance worlds into the commercial art gallery system.

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The Rose Art Museum at Brandeis University has opened a survey exhibition titled 'Photorealism in Focus.' The show brings together works by more than 30 artists, including early pioneers like Robert Cottingham and Ralph Ladell Goings, as well as artists such as Audrey Flack and Joyce Stillman-Myers, to trace the movement's history from the late 1960s to its contemporary expansions across painting and sculpture.

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Gustav Klimt's final portrait, 'Dame mit Fächer (Lady With a Fan),' sold for £85.3 million ($108.4 million) at Sotheby's London, setting a new record for the most expensive work of art ever auctioned in Europe. The painting, which was still on Klimt's easel when he died in 1918, surpassed its pre-sale estimate of over £65 million after a ten-minute bidding war.

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Mnuchin Gallery, a blue-chip art gallery on Manhattan's Upper East Side, will close at the end of February after 34 years, following the death of its founder Robert Mnuchin in December at age 91. The gallery, known for museum-quality exhibitions of Modern and postwar art, concluded its final show—a survey of Julian Schnabel's plate paintings—on Saturday. Partner Michael McGinnis said the decision to close was made to end on a high note, honoring Mnuchin's passion and vision.

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The Flemish government in Belgium has reversed its controversial plan to dismantle Antwerp's Museum of Contemporary Art (M HKA). The original proposal would have stripped the museum of its status and transferred its permanent collection to another institution in Ghent, but following significant opposition, authorities have agreed to preserve M HKA as a museum with its collection intact.

10 Power Players in Paris

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The inaugural edition of Paris+ by Art Basel has opened in Paris, marking a significant shift in the city's art fair landscape. The article profiles ten key figures instrumental in shaping the French art market, including fair director Clément Delépine, dealer and committee president Marion Papillon, and institutional leaders like Suzanne Pagé of the Fondation Louis Vuitton and Rebecca Lamarche-Vadel of Lafayette Anticipations.

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Photographer Graciela Iturbide is the subject of a major exhibition, "Graciela Iturbide: Vintage," at Throckmorton Fine Art in New York. The show features rare vintage prints, including her iconic work *La Señora de las Iguanas* (1979), and was made possible by the rediscovery of 19 long-lost prints that Iturbide had sent to a dealer decades ago.

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Ai Weiwei has recreated Claude Monet's monumental triptych "Water Lilies" (1914–26) using 650,000 Lego bricks in 22 colors, spanning nearly 50 feet. The work, titled "Water Lilies #1" (2022), is now on display at the Design Museum in London ahead of a major survey exhibition opening April 7. Ai added a personal touch by inserting a "dark portal" referencing the underground dugout he shared with his father during his family's exile to Xinjiang in the 1960s. The show also includes "Untitled (Lego Incident)", a work made from Lego bricks sent by fans after Ai's Instagram post about Lego temporarily restricting his bulk orders for political artworks.

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Nicolas Party's exhibition "Dead Fish" at Karma gallery in Chelsea, New York, features approximately 40 postcard-sized oil-on-copper works and a mural of three dead fish, a departure from his usual large-scale pastel paintings. Only 10 of the works were for sale, priced between $165,000 and $205,000, and all sold quickly. The show includes replicas of his earlier compositions, described as a "retrospective in miniature," with many pieces drawn from his archive and not available for purchase.

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The Winter Show returns to New York's Park Avenue Armory from January 23 to February 1, 2026, blending blue-chip modernism with decorative arts, design, jewelry, and antiques. The fair features a special presentation titled 'Study of a Young Collector,' curated by Patrick Monahan in collaboration with executive director Helen Allen, which imagines the private study of a next-generation collector using works from 11 international dealers exhibiting for the first time. Notable highlights include Jonathan Boos's presentation of Christo and Jeanne-Claude's early work 'Wrapped Toy Horse' (1963), priced at $450,000, and a rare copper and gilt mask by Harlem Renaissance artist Sargent Claude Johnson from 1933, priced at $245,000. Boccara Gallery also showcases modern and contemporary tapestries by artists like Man Ray and Alexander Calder.

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This week's art industry roundup covers a flurry of developments across art fairs, auction houses, galleries, and museums. A new boutique fair called Enzo will launch alongside Frieze Los Angeles in an Echo Park warehouse with 10 New York galleries, while Felix Los Angeles returns to the Hollywood Roosevelt Hotel with 50 exhibitors. Art Cologne's revived Palma Mallorca fair announces 88 exhibitors for its April debut. At auction, Christie's London will offer the Vanthournout collection of modernist and Surrealist works, including a Magritte painting estimated at $4.7 million, while Bonhams sells rare Oscar Wilde materials and three Bob Ross paintings. In gallery news, Roland Augustine steps down at Luhring Augustine, Lehmann Maupin opens a London space, and several galleries announce new artist representations. Museums see leadership changes at the Park Avenue Armory and Wrightwood 659, and the Rijksmuseum plans a new sculpture garden.

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The Frick Collection reopens to the public on April 17 after a five-year closure and a $220 million expansion and renovation by Selldorf Architects. The project adds 18,000 square feet, including 10 new galleries in the family's original second-floor living quarters, a marble staircase, cafe, gift shop, and a new auditorium. The percentage of the collection on view has increased from 25% to 47%, and Ukrainian artist Vladimir Kanevsky has created porcelain floral arrangements for the reopening. New director Axel Rüger, who joined from London's Royal Academy of Arts, welcomed journalists at a press preview.

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The article examines the posthumous market resurgence of painter Robert Colescott, who died in 2009. After his commercial profile faded, Los Angeles dealer Tim Blum and his gallery Blum & Poe began working with the artist's estate in 2017, staging five solo shows and rescuing a disorganized estate with works stored in shipping containers in Arizona. Major auction prices followed, including a record $15.3 million for 'George Washington Carver Crossing The Delaware' in 2021. In 2024, after Blum & Poe closed, Gladstone Gallery took over representation. A current exhibition at the Tacoma Art Museum, 'The One-Two Punch: 100 Years of Robert Colescott,' runs through March 29.

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Artnet News reports on the top five most expensive Helen Frankenthaler paintings sold at auction, all from the 1970s and all sold within the past five years. The list includes "Basin" (1979, $4.53M at Christie's New York in May 2025), "Carousel" (1979, $4.74M at Sotheby's New York in 2020), "Circe" (1974, $4.77M at Sotheby's New York in 2022), and "Dream Decision" (1976, $5.89M at Sotheby's New York in 2021), with the top lot yet to be fully detailed. The article highlights Frankenthaler's soak-stain technique, her influence on Color Field painting, and the role of Gagosian Gallery in elevating her market after her death in 2011.

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The article explores the challenge of articulating olfactory experiences in art, focusing on Norwegian artist Sissel Tolaas, who has dedicated her career to scent as a medium. Tolaas has collected over 15,000 smell molecules for her SMELL RE_searchLab in Berlin and invented a language called NASALO to describe scents more precisely. The piece also highlights the Kunstpalast Düsseldorf's exhibition "The Secret Power of Scents," which integrates smell into its permanent collection display, and references historical and contemporary artists like Ernesto Neto, Mike Kelley, and Oswaldo Maciá who have used scent in their work.

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Robert Rauschenberg designed the cover for Talking Heads' 1983 album *Speaking in Tongues*, creating a limited-edition LP package with three plastic discs featuring cyan, magenta, and yellow designs that produced a full-color, kinetic composition when overlaid on the spinning record. The project stemmed from a friendship between Rauschenberg and frontman David Byrne, who met after Byrne saw Rauschenberg's photo collages in a New York gallery. Despite production challenges that limited the design to a special edition, the album won a Grammy for best album cover.

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Artnet News recaps the defining trends of 2025 in the art world, highlighting five key stories. These include the resurgence of elaborate frames in contemporary art ("Bordercore"), the rise of "red-chip art" favored by a new breed of flashy collectors, a "para-pastoral" movement that twists idyllic rural scenes into unsettling visions, and the growing popularity of small-scale paintings driven by intimacy and market shifts.