Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

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Journalist Bianca Bosker went undercover as a studio assistant for painter Julie Curtiss and other artists, revealing the gritty, athletic reality behind art-making—a world of blood, sweat, and sleepless nights. The article explores how mounting financial pressures, especially for sculptors and installation artists like Ivana Bašić, Erwin Wurm, and Lindsey Mendick, force tough decisions about studio space and production. Bašić, despite critical acclaim, lost a subsidized Dumbo studio and now outsources production to keep costs down, while a growing number of established artists pass on wisdom through residencies and assistant teams.

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On January 7, 2025, the Palisades and Eaton Fires erupted in Los Angeles, fueled by drought and Santa Ana winds exceeding 90 mph, destroying over 12,000 structures. The fires devastated Pacific Palisades and Altadena, including the homes and studios of numerous artists, collectors, and art professionals. The Getty Center and Getty Villa were under evacuation but remained safe. Artist Paul McCarthy lost three family homes and his son's editing studio, while many others like Christina Quarles, Analia Saban, and Ruby Neri also suffered losses.

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Ken Jacobs, a pioneering experimental filmmaker who blurred the boundaries between cinema and visual art, died at 92 in New York from kidney failure, according to his son, filmmaker Azazel Jacobs. A key figure in the postwar New York underground alongside Jack Smith and Jonas Mekas, Jacobs challenged conventional filmmaking through works like "Blonde Cobra" (1963) and "Tom, Tom, the Piper's Son" (1969), using techniques such as live radio accompaniment, slow motion, and looping to deconstruct the medium. He studied painting under Abstract Expressionist Hans Hofmann and described his own work as "Abstract Expressionist cinema," often drawing direct comparisons between film and painting.

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A New York judge has ruled against billionaire investor and art collector Ronald O. Perelman in his attempt to collect $400 million from insurers for five paintings allegedly damaged in a 2018 fire at his East Hampton estate. Justice Joel M. Cohen of State Supreme Court in Manhattan found no visible damage to the works—two by Andy Warhol, two by Ed Ruscha, and one by Cy Twombly—and nothing traceable to the fire that would reduce their value. Perelman claimed the fire robbed the paintings of their 'spark' and 'oomph,' but insurers including Lloyd's of London, Chubb, and AIG countered that the works were unscathed and accused Perelman of filing claims under severe financial pressure after a collapse in Revlon stock.

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Mega-collector Ken Griffin revealed in a July interview with Stanford Business School Insights that his favorite artwork is Jackson Pollock's 'Blue Poles' (Number 11, 1952), currently owned by the National Gallery of Australia in Canberra. Griffin admitted he once offered the museum several hundred million dollars to buy the painting, but the Australians refused to sell. The interview, which went largely unnoticed by the art press, also features a playful exchange with the Australian interviewer, Michael Liu, who gloats that the painting remains in his home country.

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Stan Douglas's survey at Bard College's Hessel Museum of Art features a new video installation titled "Birth of a Nation" (2025), which reworks a racist sequence from D.W. Griffith's 1915 film of the same name. The installation presents the original footage alongside four new videos from different character perspectives, shot in black and white without sound, and ends with a blue screen left bare to suggest the mutability of historical images. The survey also includes earlier works like "Hors-Champs" (1992), which critiques televisual representation through a staged free jazz performance.

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The Zero Art Fair, running through Saturday at the Flag Art Foundation in Chelsea, New York, offers visitors the unusual option of taking artworks home for free. Co-founded by artists Jennifer Dalton and William Powhida, the fair operates on a model where buyers can either purchase a piece outright or acquire it at no cost, with the condition that their name appears on a public registry and they agree to lend the work for exhibitions. If no paying buyer emerges after five years, the free acquirer keeps the work permanently. The fair's first edition took place during Upstate Art Week in a Hudson Valley barn, and this second edition is supported by sponsors including collector Glenn Fuhrman's Flag Art Foundation and Gagosian gallery.

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Greece is building a cultural coalition with Italy to strengthen its campaign for the return of the Parthenon Marbles from the British Museum. Italy's culture minister Alessandro Giuli pledged support during a visit to Athens and announced the repatriation of 145 ancient coins. Greek culture minister Lina Mendoni is leading efforts to build international backing, and the two countries have devised joint cultural initiatives, including an exhibition of modern Greco-Italian metaphysical painters. Meanwhile, the U.K.'s Labour government has taken a neutral stance on the issue, departing from the previous Conservative government's opposition, and negotiations between Greece and the U.K. are described as "ongoing and constructive."

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The trial between billionaire collector Ron Perelman and a group of insurers began Monday in New York Supreme Court, nearly seven years after a 2018 fire at his Hamptons estate, the Creeks. Perelman claims the fire damaged five paintings—two by Andy Warhol, two by Ed Ruscha, and one by Cy Twombly—insured for a collective $400 million, arguing the works lost their "oomph" due to smoke, humidity, and relocation during the fire. The insurers, including Lloyd's of London, Chubb, and AIG, contend the works sustained no detectable damage and that Perelman's claim is a "money grab" filed amid serious financial difficulties, including margin calls and the sale of 71 artworks for $963 million between 2020 and 2022.

Jon Batiste, Troye Sivan, and Amy Sherald lead a Met Gala 2026 rooted in art-historical homage.

The 2026 Met Gala, held at the Metropolitan Museum of Art, centered on the theme "Fashion Is Art," marking the opening of the Costume Institute's spring exhibition "Costume Art." Attendees including Jon Batiste, Troye Sivan, and artist Amy Sherald interpreted the dress code through art-historical references, with Sivan wearing Prada to channel Robert Mapplethorpe. The event brought together fashion, art, entertainment, and high society to make a deliberate case for fashion as a legitimate art form.

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Billionaire art collector and Citadel CEO Ken Griffin stated that the United States is “eroding” its brand due to economic policy changes during President Donald Trump’s first 100 days. Speaking at Semafor’s World Economy Summit on April 23, Griffin warned that the reputation and creditworthiness of US Treasuries are at risk, citing recent tariff-driven sell-offs of government bonds. He expressed concern about policy volatility undermining the goal of reshoring manufacturing and noted that investors using the euro as a reference have lost 20% of their value in four weeks. Griffin also voiced support for DOGE, the Department of Government Efficiency led by Elon Musk, which has recommended cuts to the National Endowment for the Humanities.

How Will the Venice Biennale Impact Alma Allen’s Market?

Artist Alma Allen has been selected as America's representative at the Venice Biennale, sparking controversy due to the unusual selection process under President Trump. The pavilion is commissioned by the newly formed American Arts Conservancy, led by Jenni Parido, who previously ran a pet food lifestyle shop and entered Trump's orbit through Mar-a-Lago pet charity events. Following the announcement, Allen's galleries Olney Gleason and Mendes Wood DM dropped him, but he was quickly picked up by high-profile gallery Perrotin. The article examines how the Biennale and its attendant drama might affect Allen's market, noting his longtime collectors include Beth Rudin DeWoody, Peter Morton, Jack Pierson, and others, while his auction prices have remained modest.

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Los Angeles-based artist Alex Prager has opened "Mirage Factory," an immersive installation on Miami Beach's Lincoln Road, taking over the historic Beach Theatre. The project features three constructed set pieces that explore Los Angeles history, including a 1:12 scale model of Hollywood Boulevard with landmarks like Grauman's Chinese Theatre and Musso & Frank's, an orange grove with real trees and fake citrus, and a lush garden party set in Griffith Park. The installation is part of an ongoing collaboration between Capital One and the Cultivist, and includes an immersive dining experience by chef Dave Beran, with a performance by Diana Ross. The public can visit on December 4 and 5, 2025.

Six London Art Exhibitions Opening In February 2026

Six major art exhibitions are opening in London public galleries in February 2026, running through at least May. Highlights include Lucian Freud: Drawing Into Painting at the National Portrait Gallery (12 Feb–4 May), Seurat and the Sea at The Courtauld Gallery (13 Feb–17 May), Chiharu Shiota: Threads of Life at the Hayward Gallery (17 Feb–3 May), Beatriz González at the Barbican Art Gallery (25 Feb–10 May), and Tracey Emin at Tate Modern (26 Feb–31 Aug). These shows span modern masters, contemporary installation, and international voices.

Five must-see UK exhibitions this Black History Month

Five must-see UK exhibitions for Black History Month 2025 are highlighted, including 'Nigerian Modernism' at Tate Modern (8 Oct 2025–10 May 2026), which explores the development of Modern art in Nigeria through over 250 works by artists like Ben Enwonwu and El Anatsui; 'Stan Douglas: Birth of a Nation and The Enemy of All Mankind' at Victoria Miro (until 1 Nov 2025), a multi-channel video installation confronting racial perception; and 'Jennie Baptiste: Rhythm & Roots' at Somerset House (17 Oct 2025–4 Jan 2026), the photographer's first UK solo exhibition capturing Black diaspora life. Other shows include works addressing the Caribbean Windrush generation in Cambridge.

The Metropolitan Museum of Art Presents First Museum Survey of Lorna Simpson’s Paintings

The Metropolitan Museum of Art has opened "Lorna Simpson: Source Notes," the first museum survey dedicated to Lorna Simpson's painting practice. Running from May 19 to November 2, 2025, at The Met Fifth Avenue, the exhibition features over 30 works spanning a decade, from her first painting to her latest series, alongside related works in other media. Simpson, known for her conceptual photography since the 1990s, explores identity and representation through screen-printed collages that incorporate vintage imagery from Ebony, Jet, and archival sources. The exhibition is supported by the Ford Foundation, Hauser & Wirth, and other donors.

8 Must-See Solo Gallery Shows in May

Galerie magazine has curated a list of eight must-see solo gallery shows across the United States for May, spanning from New York to Miami and Los Angeles. Featured artists include Takako Yamaguchi at Ortuzar in New York, Enzo Cucchi at Vito Schnabel Gallery, Iván Argote at Perrotin, and Kang Seung Lee, among others, with exhibitions showcasing a range of styles from hybrid transnational paintings to Neo-expressionist works and conceptual installations.

The Metropolitan Museum of Art and the Ronald S. Lauder Neue Galerie New York Announce Plans for a Landmark Merger

The Metropolitan Museum of Art and the Ronald S. Lauder Neue Galerie New York have announced a landmark merger agreement, set to take effect in 2028. The merger will unite the Neue Galerie's collection of 20th-century Austrian and German art—including Gustav Klimt's *Portrait of Adele Bloch-Bauer I*—with The Met, while preserving the Neue Galerie's distinct museum experience. Ronald S. Lauder and his daughter Aerin Lauder Zinterhofer plan to donate 13 additional paintings from their personal collection, and several Met trustees have pledged significant endowment gifts to support the integration and long-term operations.

NEXT in the Gallery: Preview Pittsburgh summer with a 'Pity Party,' dog sculptures and so much more art

NEXTpittsburgh's May 2026 gallery preview highlights a packed month of art events leading into the Three Rivers Arts Festival. Key offerings include the 59th Carnegie International at Carnegie Museum of Art, opening May 2 with works by 61 artists from 24 countries and four new commissions at local institutions. Other featured shows include 'Down to Earth: Revealing the Natural World' at James Gallery, Jody Shell's 'Shoebox Memories,' Dominique Swift's 'Uli Awakened,' and a three-artist exhibition at Irma Freeman Center featuring Laura Jean McLaughlin, James Simon, and Robert Qualters.

The Art World This Week: Nazi-Looted Modigliani Reclaimed, Kengo Kuma to Design National Gallery Wing, Seoul’s Centre Pompidou to Open in June, and More

The art world saw several major developments this week, headlined by a significant legal ruling regarding Amedeo Modigliani’s 'Seated Man with a Cane' (1918). A judge ruled against a holding company controlled by billionaire dealer David Nahmad, moving the Nazi-looted masterpiece closer to reclamation. Meanwhile, institutional expansions took center stage with Kengo Kuma being selected to design a new wing for London’s National Gallery, and the Centre Pompidou Hanwha in Seoul confirming a June 4 opening date.

Here are the top art exhibitions to see in Seattle for July

The article highlights top art exhibitions in Seattle for July, including the return of the Seattle Art Fair (July 17-20) and several gallery shows. Featured exhibitions include Cable Griffith's 'Return to Sender' at J. Rinehart Gallery, Jite Agbro's 'Penumbras' at Patricia Rovzar Gallery, a duo show 'Color and Line' with Kevin Cosley and Soo Hong at Chatwin Arts, Althea Rao's 'Commit to Memory, Know it Will Perish' at Gallery 4Culture, and Humaira Abid's 'The Shape of Life' at Greg Kucera Gallery.

Preview: Upcoming Summer Shows at Houston Area Museums

Houston-area museums and art spaces have announced their upcoming summer exhibitions, including immersive installations, figurative group shows, and presentations addressing environmental issues. Highlights include A.A.Murakami's "Floating World" at the Museum of Fine Arts, Houston (MFAH), the first solo U.S. museum presentation for the artist duo; Francesca Fuchs's "The Space Between Looking and Loving" at the Menil Collection, which explores a personal connection between the artist's father and John de Menil; and "Figurative Histories" at the Moody Center for the Arts, featuring works by Black Texas artists examining sociopolitical histories.

Embrace the Sparkle at 7 Jewelry-Themed Museum Exhibitions Across the Globe

Seven jewelry-themed museum exhibitions are on view globally in 2025, showcasing pieces from Van Cleef & Arpels, Cartier, and artist-designed adornments by Man Ray and Pablo Picasso. Highlights include "Cosmic Splendor" at the American Museum of Natural History in New York, featuring astronomically inspired Van Cleef & Arpels creations, and "Cartier" at the V&A in London, displaying over 350 objects including royal commissions and iconic panther jewels. Other shows feature contemporary and vintage designs, emphasizing jewelry as a wearable art form.

Alexander Calder, Brilliant Sculptor of Air and Color Celebrated at the Fondation Vuitton

Alexander Calder, génial sculpteur de l’air et de la couleur célébré à la fondation Vuitton

The Fondation Louis Vuitton is hosting a major celebration of Alexander Calder, the American sculptor who revolutionized 20th-century art by introducing movement and play into the medium. The article traces Calder's formative years in Paris starting in 1926, where the young engineer-turned-artist gained avant-garde fame with his 'Cirque Calder'—a miniature circus of wire and fabric figurines. This period marked his transition from traditional painting to his signature 'drawings in space,' featuring wire sculptures of figures like Josephine Baker that projected dancing shadows and captured the kinetic energy of the era.

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Two nearly identical portraits of George Washington by Charles Peale Polk, depicting him after the 1777 Battle of Princeton, will be auctioned on consecutive days in New York. Christie’s offers a 1793 version (number 53) on January 23, estimated at $200,000–$300,000, which was selected by Jackie Kennedy for the White House in 1962 and remained there until 1992. Sotheby’s offers a 1790–93 version (number 30) on January 24, estimated at $400,000–$600,000, previously sold at Christie’s in 1971 and at Sotheby’s in 2010 for $458,500. Both paintings have passed through Hirschl and Adler Galleries and depict Washington in uniform with Princeton’s Nassau Hall in the background.

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Pace Gallery will present a second solo exhibition of David Lynch's artwork at its Berlin space, opening January 29, 2026. The show features never-before-seen mixed media paintings, watercolors, and three lamps, alongside early short films, spanning works from 1999 to 2022. This follows Lynch's death in January 2025 and a successful estate sale, as well as his first posthumous exhibition, "David Lynch: Up In Flames," currently on view at Prague's DOX Centre for Contemporary Art. Pace plans a larger survey of Lynch's oeuvre at its Los Angeles outpost in autumn 2026.

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The Metropolitan Museum of Art has returned a late-18th century Buddhist painting, *The Tenth King of Hell* (1798), to the Sinheungsa Temple in Sokcho, Gangwon Province, South Korea. The work is believed to have been taken by U.S. troops during the Korean War. The repatriation was celebrated at a ceremony in Seoul attended by Met Director and CEO Max Hollein, Korean government officials, and religious leaders. The painting is part of a larger series of ten scrolls depicting the Ten Kings of the Underworld; three remain abroad, while six others previously at LACMA have already been returned.

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Major art collectors Warren Stephens, Ken Griffin, Paul Singer, and Charles and Helen Schwab were among the top individual donors to President Donald Trump’s 2025 inauguration fundraising committee, according to data from the Federal Election Commission and Open Secrets. Stephens, a major donor to the Arkansas Museum of Fine Art, gave $4 million, the largest individual contribution, while Griffin, Singer, and the Schwabs each donated $1 million or more. The article also details additional political donations from these collectors, including Griffin's $100 million in conservative election spending, and notes that many large corporations like Amazon and BlackRock also contributed.

These Ghosts. Clémentine Bruno  by Michela Ceruti

Clémentine Bruno’s artistic practice explores the tension between presence and absence, treating the canvas as a site of temporal layers rather than a flat surface for representation. Her work emphasizes the preparatory stages of painting—the laying of gesso and the construction of supports—allowing images to emerge reluctantly through processes of sanding, veiling, and partial erasure. Recent exhibitions, such as "Educational Complex" at Tonus and "Vision of Fading" at Mendes Wood DM, highlight her interest in how institutional structures and memory maps dictate what is retained and what is forgotten.