TEFAF New York Opened to Crowded Aisles, Bullish Collectors, and Strong Booths

TEFAF New York opened at the Park Avenue Armory with unexpectedly strong crowds and a buoyant mood, defying the typical afternoon lull. Dealers reported heavy foot traffic and sustained conversations, with gallerist Sean Kelly calling it the best edition in years. The fair, running through May 19, features a mix of antiquities, design, modern, and contemporary art, with standout booths including Alison Jacques’s pairing of Dorothea Tanning, Robert Mapplethorpe, and Gordon Parks, and Sean Kelly Gallery’s display of works by Shahzia Sikander and Sam Moyer. The newly launched Pace Di Donna Schrader Galleries made its TEFAF debut with works by Eugène Delacroix, Willem de Kooning, and Alexander Calder.

The Best Booths at Frieze New York, From Cindy Sherman’s Newest Photos to UFOs

The article reviews the best booths at Frieze New York 2026, held at the Shed in Hudson Yards. It highlights eight standout presentations, including Hauser & Wirth's debut of new Cindy Sherman photographs, Andrew Edlin Gallery's themed booth featuring artists like Paulina Peavy and Melvin Way who explore extraterrestrial themes, and Carlos/Ishikawa's display of Evelyn Taocheng Wang's monumental paintings that engage with Agnes Martin and Georgia O'Keeffe. The author notes that while art fairs prioritize commerce, some galleries successfully balance good art with monetization.

Market Outlook for New York’s May Sales

New York's May sales season is underway with over $1.8 billion worth of art heading to auction at major houses including Sotheby's, where a monumental Rothko consigned by Robert Mnuchin is expected to fetch $70–100 million. Frieze New York opens at the Shed with 68 galleries, half of them local. Other notable developments include a major Banksy work hitting the auction block with one of its highest estimates ever, and the estate of sculptor Robert Therrien leaving Gagosian after nearly 30 years to join David Zwirner.

Hotel and art hub Casabianca opens on Italy's Lake Como

The De Santis family, accomplished hoteliers on Lake Como, has opened Casabianca, a new hotel and art hub in a 1930 villa designed by Piero Ponci. The property features three apartment-style suites launching later this year, while its lower floors are already open to the public for €15, displaying around 50 works from the family's collection of post-war Italian art, including pieces by Arte Povera artists such as Alighiero Boetti, Mario Merz, and Jannis Kounellis. The venture is the latest in a series of heritage hotel restorations by the family, who previously revived the Grand Hotel Tremezzo and Passalacqua.

The Venice Biennale has long been a sales platform—now no one is pretending otherwise

The Venice Biennale, traditionally a government-subsidized non-commercial institution where sales were downplayed, is experiencing an unprecedented open embrace of commerce. For the first time, Christie's is hosting an invitation-only selling exhibition in Venice, offering works ranging from Old Masters like Lucas Cranach to Modern and contemporary giants such as Andy Warhol, Louise Bourgeois, and Mark Bradford, with prices from $500,000 to over $35 million. Dealers, auction houses, and private foundations are openly pricing and selling works to collectors, spurred partly by Italy's reduced 5% VAT rate on art imports, now Europe's lowest.

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.

Metropolitan Museum of Art Announces $23M. Gift from Top 200 Collectors Jennifer Rubio and Stewart Butterfield

Jennifer Rubio and Stewart Butterfield, both listed on ARTnews's Top 200 Collectors, have pledged $23 million to the Metropolitan Museum of Art. Rubio, founder of Away, and Butterfield, co-founder of Flickr and Slack, made the donation just two months after Rubio became a Met trustee. The gift will fund the museum's internship program, ensuring all undergraduate and graduate internships are fully paid positions, building on a previous $5 million gift from Adrienne Arsht.

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.

Auctioneer Kimberly Pirtle Leaves Sotheby’s to Launch Hybrid Art-Philanthropy Advisory

Kimberly Pirtle, a fast-rising auctioneer at Sotheby’s, has left the company to launch Gabriel Advisory Group, a hybrid art advisory and cultural philanthropy firm. The new practice works across primary and secondary markets, advising collectors on acquisitions while also guiding philanthropic strategy and institutional engagement, drawing on Pirtle’s experience in Sotheby’s collectors group and her work with benefit auctions for organizations including the Pratt Institute, the Bronx Museum of the Arts, the Queens Museum, and the Gordon Parks Foundation. Pirtle is also maintaining a role as a VIP consultant with Frieze.

Rare Roy Lichtenstein Work Could Net $60 Million at Auction

A long-lost Roy Lichtenstein painting from his iconic 'Girl' series, *Anxious Girl* (1964), has resurfaced after more than 30 years in a private collection and will be offered at Christie’s 20th Century Evening Sale in New York on May 18. The work, one of only 10 comic-inspired female portraits Lichtenstein produced during his breakthrough period between 1963 and 1965, carries an estimate of $40–60 million. The consignor acquired it from legendary Pop art patrons Horace and Holly Solomon over three decades ago.

From monumental glass sculptures to a lagoon in the sky: what to see beyond the Venice Biennale pavilions

The article highlights several must-see exhibitions and installations beyond the main Venice Biennale pavilions. Patrizia Sandretto Re Rebaudengo's redevelopment of the island of San Giacomo opens on 7 May, transforming abandoned Napoleonic-era powder magazines into exhibition spaces with a solo show by British artist Matt Copson and a group show from her collection. American artist Melissa McGill presents 'Marea', a street-spanning installation of 100 paintings created with local residents and students, addressing climate change and rising sea levels. Dale Chihuly returns to Venice with 'Chihuly: Venice 2026', featuring monumental glass installations along the Grand Canal, including 'Gold Tower' (2025). Wallace Chan unveils titanium sculptures at the Chapel of Santa Maria della Pietà, with a parallel exhibition at the Long Museum in Shanghai.

Artists Sell More Than $1 M. in Art at Sotheby’s in Support of a Debt-Free Yale MFA Program

A group of artists including Mickalene Thomas, Tammy Nguyen, and Richard Prince are donating works to a Sotheby’s contemporary art day sale next month, with proceeds expected to exceed $1 million. All funds will go toward making Yale University’s MFA art program tuition-free. The sale features works by Yale alumni both historical—Walker Evans, Josef Albers—and contemporary, such as Dominic Chambers and Do Ho Suh, whose $200,000–$300,000 piece is among the lots. The highest-estimated work is a Richard Prince photograph from his “Spiritual America” series, valued at $500,000–$700,000.

The Multibillion-Dollar Maneuvers Behind the Met’s Raphael Show

The Metropolitan Museum of Art has opened “Raphael: Sublime Poetry,” the largest survey dedicated to the Renaissance master in the U.S., featuring 33 paintings and 142 works on paper. The exhibition includes loans from 60 public institutions across 11 countries, as well as private loans from billionaire Leon Black, and the estimated aggregate value of the art on view is in the billions of dollars. Curated by Carmen Bambach, the show took eight years to organize and follows her previous triumphs on Leonardo and Michelangelo.

Gladstone Gallery to Relocate in Seoul, Doubling Exhibition Space

Gladstone Gallery is relocating its Seoul location to the Hannam-dong neighborhood later this year, doubling its exhibition space. Designed by architect Minsuk Cho of Mass Studies, the new outpost will occupy two floors of the 739-28 Hannam Building, across from Pace Gallery and near the Leeum Museum of Art. The space is set to open in late summer ahead of Frieze Seoul in September, with a solo exhibition by Ed Atkins—his first in the city—inaugurating the gallery. Gladstone first opened in Seoul's Gangnam district in 2022, joining a wave of Western galleries entering the Korean market.

Top Collector John Phelan Fired as Navy Secretary, After Reports of Pentagon Infighting

John Phelan, a prominent figure on ARTnews's Top 200 Collectors list, has been fired from his position as Secretary of the Navy. His departure follows reported disagreements with senior Pentagon officials over a shipbuilding initiative, including a proposal for a "Trump-class" of battleships. Undersecretary Hung Cao will serve as acting secretary.

The Iran War Is Already Tanking Luxury Sales in the Gulf—Could Art Be Next?

Escalating military conflict between the US, Israel, and Iran, which has included strikes on Gulf states, is disrupting the region's burgeoning art market. Major events like Art Dubai have been postponed and scaled back significantly due to exhibitor withdrawals, and planned fairs like Frieze Abu Dhabi face uncertainty. The instability has also caused a sharp spike in shipping and insurance costs for artworks moving through the region.

A teaspoon at a time: how LACMA built its collection

The Los Angeles County Museum of Art (LACMA) has grown from a fledgling institution into a world-class museum through a deliberate, long-term strategy of cultivating collectors, building strong local relationships, and leveraging its exhibition program to acquire major works. This approach, described as "a teaspoon at a time," involved patient donor cultivation and using international loan shows as opportunities to secure significant pieces for the permanent collection.

miamis design district will host art basels top galleries december

Following the cancellation of Art Basel Miami Beach 2020 due to the pandemic, the Miami Design District has announced plans to host a physical art and design event. Approximately 25 to 30 top-tier galleries will occupy storefronts for a ten-day period starting November 27, while the historic Moore Building will house 'Design Miami/ Podium,' a curated selling exhibition titled 'America(s)' led by Aric Chen.

Lalanne mirrors owned by Yves Saint Laurent and a classic Diane Arbus photo: our pick of the April auctions

Major auction houses are preparing for a series of high-profile sales in April, headlined by a suite of fifteen gilt-bronze mirrors by Claude Lalanne. Originally commissioned for the Paris apartment of fashion icon Yves Saint Laurent and Pierre Bergé, the mirrors are expected to fetch between $10m and $15m at Sotheby’s. Other notable lots include a rare Diane Arbus photograph from the collection of Lily Tomlin and Jane Wagner, a pastoral landscape by Russian artist Konstantin Somov, and a centuries-old drawing based on Albrecht Dürer’s famous rhinoceros woodcut.

From technology to Gen Z collectors, Adrian Cheng shares the key trends in Hong Kong’s art scene

Adrian Cheng, a key figure in Hong Kong's art world, identifies major trends shaping the city's art scene ahead of Art Basel Hong Kong. He highlights the convergence of major art fairs, auction house sales, and new gallery openings during the 'Art March' period, drawing a global audience with high-profile exhibitions by international artists like Mary Weatherford, Nicole Eisenman, and El Anatsui.

The rise and fall of ‘buy-one, give-one’ art sales

A once-common sales tactic in the contemporary art market, known as "buy-one, give-one" or "bogo," has significantly declined. Under this arrangement, collectors gained preferential access to in-demand artists' paintings by agreeing to purchase two works and donating one to a museum. The practice peaked from 2021 to 2023, with institutions like the Metropolitan Museum of Art and the Institute of Contemporary Art, Miami, acquiring works this way.

howard hodgkin mrs acton export bar

The U.K. government has placed a temporary export bar on Howard Hodgkin’s painting "Mrs Acton in Delhi" (1967–71) following its record-breaking £1.7 million sale at Bonhams. The move by the Department for Culture, Media, and Sport is intended to provide British institutions or domestic collectors the opportunity to match the price and keep the work within the country. The painting is considered a national treasure due to its aesthetic importance and its role in documenting Hodgkin's transition from Pop art to his signature emotive abstraction.

billionaire collector les wexner jeffrey epstein deposition

Billionaire retail magnate and prominent art collector Les Wexner provided a closed-door deposition to the House Oversight Committee regarding his past relationship with Jeffrey Epstein. During the testimony, Wexner characterized himself as "naive, foolish, and gullible" for trusting the disgraced financier, whom he labeled a con man. While Wexner denied any knowledge of or involvement in Epstein’s criminal activities, Democratic lawmakers noted that the 88-year-old offered few new details and frequently cited a lack of memory regarding key events.

berkeley art museum women artists gift

The Berkeley Art Museum and Pacific Film Archive (BAMPFA) has secured a major promised gift of over 150 modern and contemporary artworks from collectors Penny Cooper and Rena Rosenwasser. This significant bequest focuses exclusively on women artists, featuring works by major figures such as Louise Bourgeois, Julie Mehretu, and Kara Walker. To celebrate the acquisition, the museum is launching "Rhapsody: Works from the Cooper Rosenwasser Collection," an exhibition showcasing 65 pieces that trace the impact of second-wave feminism on artistic production.

get up stand up artists jamaica los angeles auction

CORE and TBA21 Thyssen-Bornemisza Art Contemporary are launching "Get Up Stand Up: Artists for Jamaica and Los Angeles," a high-profile benefit auction scheduled for February 26 during L.A. Art Week. The event features over 20 works by major contemporary artists including Henry Taylor, Hank Willis Thomas, and Nari Ward, with a live sale led by auctioneer Simon de Pury. Proceeds will fund long-term recovery efforts following Hurricane Melissa in Jamaica and recent wildfires in Los Angeles, as well as CORE’s ongoing emergency response work.

Old Masters Records: Gentileschi, Michelangelo, Rembrandt

old masters records gentileschi michelangelo rembrandt

Old Masters Week in New York saw a resurgence in the sector, highlighted by the Italian Ministry of Culture's $14.9 million private acquisition of a rare two-sided panel by Antonello da Messina from Sotheby’s. The week featured high-profile sales at both Sotheby’s and Christie’s, resulting in new auction records for major figures including Artemisia Gentileschi and Michelangelo, as well as a record price for a Rembrandt drawing. The success was attributed to a high level of museum participation and more realistic pricing strategies compared to previous seasons.

high vat rates art sales spain protest reina sofia

Hundreds of artists, gallery owners, and collectors staged coordinated sit-ins at major Spanish museums, including the Museo Reina Sofía, to protest the country's 21 percent Value Added Tax (VAT) on art sales. Demonstrators gathered around Richard Serra’s 'Equal-Parallel/Guernica-Bengasi'—a replica of a work that famously vanished from storage—to symbolize the potential disappearance of the Spanish art sector under current fiscal pressures. The protests included demands for the resignation of the culture and finance ministers and calls for tax parity with European neighbors.

art collector john phelan jeffrey epstein private plane

John Phelan, a prominent art collector and the current U.S. Secretary of the Navy, flew on Jeffrey Epstein's private plane in 2006, according to newly released flight logs. The trip from London to New York occurred four months before Epstein's first indictment, and a friend of Phelan's confirmed the flight but stated it was his only interaction with the convicted sex offender.

drawing of foot michelangelo record christies

A previously unknown red-chalk drawing by Michelangelo, a study for the foot of the Libyan Sibyl from the Sistine Chapel ceiling, sold for $27.2 million at Christie’s New York on Thursday, far exceeding its $1.5–$2 million estimate. The work was submitted to Christie’s online estimate portal last March by an anonymous owner who inherited it from their grandmother; it had hung on a wall for years, assumed to be a copy. After months of authentication using infrared reflectography and cross-referencing with drawings at the Metropolitan Museum of Art and the Uffizi Gallery, Christie’s specialists confirmed it as an authentic Michelangelo. The sale set a new auction record for the artist, surpassing the previous $24.3 million record set at Christie’s Paris in 2022.

thomas kaplan rembrandt lion drawing sothebys sale

Rembrandt van Rijn's drawing *Young Lion Resting* (ca. 1638–42) sold for a record $17.9 million at Sotheby's New York on Wednesday, the highest price ever paid for a drawing by the Dutch master. The work, which toured Paris, Abu Dhabi, Tokyo, and New York before the sale, was offered from the Leiden Collection, the renowned private trove of 17th-century Dutch Golden Age art assembled by Thomas Kaplan and his wife Daphne. All proceeds from the sale will benefit Panthera, the wild cat conservation charity co-founded by Kaplan and Jon Ayers.