Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

Beowolff Combines Artsy and Artnet in Digital Art Market Push

Beowolff Capital has consolidated two of the art world’s digital giants, Artsy and Artnet, under a single ownership structure. While both platforms will maintain their distinct brand identities, they will begin integrating their underlying infrastructure and data systems. Jeffrey Yin, the current leader of Artsy, will take the helm as CEO of the combined entity, with Beowolff founder Andrew Wolff serving as chairman.

Sotheby’s Returns to Profit as Sales Rise, Though Cash Pressures Persist

Sotheby’s has reported a return to profitability in 2025, posting a $53 million pre-tax profit following a significant $190 million loss the previous year. Driven by a 20 percent increase in sales totaling $7.1 billion, the auction house benefited from a broader 4 percent recovery in the global art market. Despite these gains, the company is navigating complex financial pressures, including a $10.2 million commission lawsuit from Cushman & Wakefield and the need to refinance $765 million in debt by 2027.

Archaeologists Discover 6,000-Year-Old ‘Megastructure’ in Romania

Archaeologists in northeastern Romania have unearthed a 6,000-year-old 'megastructure' at the Stăuceni-"Holm" site, attributed to the Cucuteni-Trypillia culture. Measuring approximately 350 square meters, the building is significantly larger than typical dwellings of the period and was strategically positioned near the settlement's entrance. The absence of domestic tools or ritual statuettes suggests the space served as a communal assembly hall or administrative center rather than a private residence.

Shooting at Mexico’s Teotihuacán Pyramid of the Moon, Diego Rivera’s Grandson Donates Collection to Mexico’s Museo Anahuacalli, and More: Morning Links for April 21, 2026

A Canadian tourist was killed and several others, including children, were injured in a shooting at the Teotihuacán Pyramid of the Moon, a UNESCO World Heritage site near Mexico City. The gunman died by suicide, prompting security concerns ahead of a planned immersive night show and the upcoming World Cup.

Twombly Foundation to Exhibit Rare Rauschenberg Works at Gagosian

The Cy Twombly Foundation is presenting six rarely seen early works by Robert Rauschenberg at Gagosian's new Upper East Side gallery in New York. The exhibition includes a fragile 1950 assemblage of twigs and glass, a cyanotype made with his then-wife Susan Weil, a 'Black Painting' from around 1952, and a 1961 assemblage, offering a unique glimpse into a period of the artist's output that he largely destroyed.

Marian Goodman Gallery to ‘Pause’ Operations in Los Angeles

Marian Goodman Gallery is suspending operations at its Los Angeles location after two and a half years, following the conclusion of Tacita Dean's solo show on April 25. The gallery's partners announced a consolidation of programming to its historic homes in New York and Paris, stating they will evaluate the space's future while maintaining an LA presence through art fairs, special projects, and museum exhibitions.

13 Nudes That Changed Western Art History

The article presents a curated list of 13 seminal Western artworks featuring the nude form, highlighting how each piece shifted artistic conventions and cultural perceptions. It begins with the Paleolithic Venus of Willendorf and moves chronologically through works by artists including Sandro Botticelli, Leonardo da Vinci, Lavinia Fontana, and Édouard Manet, analyzing their groundbreaking approaches to depicting the human body.

Agnes Gryczkowska Discusses Curating Marina Abramović’s New Berlin Mega Show

Marina Abramović has opened a major solo exhibition, "Balkan Erotic Epic. The Exhibition," at Berlin's Gropius Bau, marking her first solo show in the city since the 1990s. The expansive presentation features historical and recent works across film, installation, sculpture, and live performance, focusing on themes of ritual, eroticism, death, and the body as a site of political and spiritual intensity. The opening included a live performance by Svetlana Spajić and a video work, Tito’s Funeral (2025).

Christie’s to Offer $35 M. Renoir Painting Owned by Whitney Family For Nearly a Century

Christie's will auction Pierre-Auguste Renoir's 1876-77 painting 'La femme aux lilas (Portrait de Nini Lopez)' in its 20th Century Evening Sale on May 18, with an estimate of $25 million to $35 million. The work has been owned by the Whitney Payson family since 1929 and is being sold from the collection of the late Lorinda Payson de Roulet, daughter of the original buyers, Joan Whitney Payson and Charles Payson.

A Work Gifted to David Drake’s Descendants Is the Star of Theaster Gates’s Powerful Gagosian Show

Artist Theaster Gates has gifted a 19th-century vessel by enslaved potter David Drake to Drake's descendants and made this act of restitution the centerpiece of his solo exhibition at Gagosian in New York. The show, titled "Dave: All My Relations," features Gates's own artworks responding to Drake's legacy and the recently transferred pot, highlighting Gates's decades-long engagement with Drake as a foundational figure for his own practice.

AI Model Reveals New Information About Authorship of 17th-Century El Greco Altarpiece

A team of scientists from Case Western Reserve University has developed a new AI model named PATCH that analyzes tiny sections of paintings to identify the number of artists involved in their creation. The model was applied to two works by El Greco, suggesting that 'The Baptism of Christ,' long thought to be a collaborative workshop piece, may have been painted primarily by the master himself.

Rare Books Stolen from Former MoMA President Are Returned

Manhattan District Attorney Alvin L. Bragg, Jr., has returned 17 rare books, collectively valued at nearly $3 million, to the heirs of John Hay and Betsey Cushing Whitney. The books were stolen from the couple's Long Island estate in the 1980s and include a bound collection of John Keats's love letters, a signed James Joyce volume, and an illustrated Brothers Grimm book. The recovery followed a tip from Manhattan book dealers in 2015, leading to search warrants executed in 2025 and 2026.

James Hayward, West Coast Painter with a Cult Following, Dies at 82

James Hayward, a West Coast painter known for his thickly applied monochrome abstractions, died on April 16 at the age of 82. His work, which developed a dedicated following among fellow artists, was characterized by a deliberate, eccentric process that set it apart from other minimalist painting of his era.

Alma Allen’s US Pavilion Heads to Venice Amid Questions Over Selection Process

The selection of Alma Allen to represent the United States at the 2026 Venice Biennale has ignited controversy over the process. The U.S. State Department abandoned its traditional selection model, which involved a panel of experts convened by the National Endowment for the Arts, and instead handed control to a new nonprofit, the American Arts Conservancy, led by individuals with little museum experience. This shift has drawn criticism from prominent figures in the art world, with some artists declining to participate due to concerns over the political context and unfamiliar leadership.

Dealer Matthew Brown More Than Doubles His Los Angeles Space with Move to Hollywood Media District: ‘I Really Believe in LA’

Los Angeles art dealer Matthew Brown is relocating his gallery to a significantly larger, 13,000-square-foot former warehouse in the Hollywood Media District. The new space, designed by architect Markus Dochantschi, more than doubles his exhibition area and includes offices, viewing rooms, and storage. The inaugural exhibition will feature artist Mimi Lauter, marking her first Los Angeles show in eight years.

Daft Punk’s Thomas Bangalter to Co-Headline ‘Immersive Experience’ at Art Basel

Thomas Bangalter, formerly of the electronic music duo Daft Punk, is scheduled to co-headline an immersive experience called 'WAREHOUSE ARTEFACTS' at the Art Basel fair in Basel, Switzerland. The event, produced by Nordstern Basel nightclub in cooperation with Art Basel and Fondation Beyeler, will also feature house music producer Rampa and conceptual artist Julian Charrière.

Suspect Charged in $45,000 Fraud Incident Involving Floridian Museum

A 31-year-old woman from Boca Raton, Alexandra C. Kaiser, has been charged with grand theft and related felonies for allegedly depositing a forged $45,000 check drawn on the Flagler Museum's bank account. Police affidavits state she admitted to knowingly depositing the counterfeit check at a JPMorgan Chase branch, acting on behalf of an acquaintance who promised her a cut of the funds.

Hans Ulrich Obrist Reveals the One Artist Who Refused to Let Him Into Their Studio

Hans Ulrich Obrist, the artistic director of London's Serpentine Galleries, revealed in an interview with the Wall Street Journal that he has never been able to secure a studio visit with the reclusive painter Jasper Johns. Obrist, known for his extensive artist interviews and visits, stated that Johns, now 95, "doesn't see anyone," making him the one artist who has consistently refused Obrist's requests.

See Photos from Archives of Nine Photographers Going to Center for Creative Photography

The Center for Creative Photography at the University of Arizona has acquired the archives of nine photographers: Laura Aguilar, Jack Dykinga, Jody Forster, Frank Gohlke, Mark Klett, Nathan Lyons, Stephen Marc, Patrick Nagatani, and Susan Wood. The collections include photographic prints as well as supporting materials like correspondence, notebooks, and working proofs that document the artists' creative processes.

Investor Says Artnet Layoffs Were Necessary for ‘Financial Strength’

Investor and owner Andrew E. Wolff has publicly explained the recent layoffs at Artnet and Artsy as a necessary step for the companies' financial restructuring and future growth. He framed the cuts as part of a broader consolidation strategy, merging the US businesses and organizational structures of the two digital art platforms while keeping their brands separate.

Art Transport Hobbled and Prices Surging in Asia Amid US and Israel’s War in Iran

The ongoing conflict involving the United States, Israel, and Iran has severely disrupted the global art logistics network, particularly in Asia. A report in the Art Newspaper details soaring costs and shipping delays, with international air freight for fine art spiking up to 300% due to increased oil prices. Some exhibitions, like a Per Kirkeby show in China, have opened with fewer works, and shipments for Art Basel Hong Kong were stuck at sea for over a month. Shippers are now considering alternative routes, such as the China-Europe Railway Express, to mitigate delays and costs.

The Pet Food Store Owner Behind the Venice Biennale’s US Pavilion, 400-Year-Old Pendant in English Painting Resurfaces, and More: Morning Links for April 20, 2026

The New York Times profiled Jenni Parido, the 37-year-old commissioner of the upcoming US Pavilion at the Venice Biennale, who has no professional arts background and previously ran a luxury pet food store in Florida. She selected Jeffrey Uslip as curator, and artist Alma Allen will represent the US after other artists reportedly declined.

Ruins of a ‘Unique‘ Temple Complex Discovered in Northern Sinai

An Egyptian archaeological mission has unearthed a unique temple complex at Tell el-Farama, the site of the ancient city of Pelusium in northern Sinai. The discovery features a massive circular water basin, approximately 100 feet in diameter, surrounded by drainage channels and a central plinth likely intended for a statue. Initially mistaken for a civic building when first excavated in 2019, further study has revealed the site to be a sacred water installation used for religious rituals between the 2nd century BC and the 6th century AD.

Theresa Hak Kyung Cha’s Art Speaks in a Language Left for Us to Translate

The Berkeley Art Museum and Pacific Film Archive (BAMPFA) is concluding "Multiple Offerings," the most comprehensive retrospective of Theresa Hak Kyung Cha’s work in 25 years. The exhibition traces the multidisciplinary career of the Korean American artist, who explored themes of exile, diaspora, and the fluidity of language through poetry, film, and performance before her tragic death in 1982. Curated by Victoria Sung, the show features over 100 works paired with pieces by mentors and contemporary artists influenced by her legacy.

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The Metropolitan Museum of Art has announced "Fashion is Art" as the official dress code for the 2026 Met Gala, complementing the Costume Institute’s upcoming exhibition, "Costume Art." Curated by Andrew Bolton, the show will feature approximately 400 objects that juxtapose couture fashion with traditional artworks and artifacts. The exhibition will be the first to inhabit the museum's new Condé M. Nast Galleries and is structured around a "typology of bodies," exploring how fashion interacts with various human forms ranging from classical nudes to aging bodies.

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The Victoria & Albert Museum presents "Schiaparelli: Fashion Becomes Art," the first UK retrospective dedicated to the Italian designer Elsa Schiaparelli. The exhibition highlights her central role within the Parisian avant-garde of the 1930s, showcasing her famous collaborations with artists like Salvador Dalí, Alberto Giacometti, and Meret Oppenheim. By displaying iconic pieces such as the 1938 skeleton dress alongside personal notes and related artworks, the show argues that Schiaparelli was not merely a follower of Surrealism but a primary catalyst for its innovation.

Sotheby’s Sued by Cushman & Wakefield Over $10.2 Million Commission

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Sotheby’s is facing a lawsuit from real estate firm Cushman & Wakefield over an unpaid $10.2 million commission related to the $510 million sale of its former New York headquarters at 1334 York Avenue. The brokerage claims that its work securing Weill Cornell Medicine as a tenant in 2023 paved the way for the medical school's eventual purchase of the building, triggering a contractual 2 percent fee that the auction house has allegedly refused to pay.

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Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.

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Lincoln Center for the Performing Arts has unveiled a new large-scale mural titled "The Future We Create" by Spanish artist Vanesa Álvarez and local artist Derval Fairweather. Installed on construction fencing along Amsterdam Avenue, the vibrant public artwork was produced in collaboration with the nonprofit ArtBridge. The design was informed by community workshops involving local residents and students, transforming a temporary urban barrier into a celebratory visual narrative.