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This week's art industry roundup covers major developments across art fairs, auction houses, galleries, and museums. At Expo Chicago, emerging artist Auudi Dorsey sold her painting *Rumble* (2025) for $14,000 on opening day at Palo Gallery, while the fair featured 170 exhibitors including 20 from South Korea amid tariff concerns. Vienna Contemporary appointed Abaseh Mirvali as artistic advisor for 2025-2026. Sotheby's was selected by Barbara Gladstone's estate trustees to sell her collection, starting with a May 15 single-owner sale of 12 works estimated at over $12 million. Nine artworks from the Anne and Sid Bass collection head to Christie's New York, and Sotheby's secured a $70 million Alberto Giacometti sculpture for its May 13 evening sale. Philipp Kaiser departed Marian Goodman Gallery after six years. Customs backlogs from President Trump's import policy changes are causing shipping headaches, with DHL halting business-to-consumer shipments over $800 to the U.S. Air de Paris withdrew from Art Basel. Mexico City gallery OMR hired Agustina Ferreyra as director. Angelica Jopling is expanding her London gallery Incubator to New York. Alexander Gray Associates now represents Donald Moffett. In museums, the National Endowment for the Humanities, following DOGE staff cuts, is offering grants up to $600,000 for statues for Trump's National Garden of American Heroes. CCS Bard appointed Lauren Cornell as artistic director and Mariano Lopez Seoane as graduate program director. The New York Academy of Art named Paul R. Provost president. The Artists' Legacy Foundation appointed Daisy Murray Holman executive director. The Speed Art Museum named Diallo Simon-Ponte assistant curator. The Garage Museum of Contemporary Art in Moscow appointed Daria Kotova director. The Nasher Sculpture Center named Carlos Basualdo director. The Cultural Infrastructure Index reported a 17% drop in completed cultural projects in 2024.

New Louvre Chief Christophe Leribault Reveals His Vision for the Museum Post-Heist

Christophe Leribault, the new director of the Louvre, has outlined his vision for the museum following a $100 million heist in October 2025. The Apollo Gallery, where the theft occurred, will reopen in July with a redesigned display that removes mineral cases to highlight its Romantic wall paintings, inspired by Versailles’s Hall of Mirrors. Empress Eugénie’s diamond-and-emerald crown, crushed by the thieves, is being restored and will become a new highlight. Security upgrades include window bars, 100 new cameras by 2026, a mobile police station, and a new security coordinator. The heist led to the resignation of former director Laurence des Cars in February.

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The activist collective Halt Action Group (HAG) organized a second 'Dear Ivanka' protest in New York City as Ivanka Trump prepared to move to Washington, D.C. Protesters marched from Grand Army Plaza to Trump’s Park Avenue residence, carrying symbolic moving boxes labeled with social and political concerns such as women's rights, affordable healthcare, and freedom of the press. The event featured prominent art world figures and utilized visual metaphors, including a disavowed Richard Prince artwork, to urge Trump to act as a moderate influence on her father’s administration.

Louvre Robbery: Security Overhaul and Investigation Update

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The Louvre Museum has announced a massive €80 million ($92 million) security overhaul following a brazen daytime heist on October 19, where thieves stole imperial jewels valued at €88 million. The investigation revealed significant institutional failures, including outdated software and weak passwords like "Louvre," allowing local thieves to enter via a movers' lift and escape on scooters in under seven minutes. While four suspects from the Paris suburbs have been charged, the majority of the stolen items remain unrecovered.

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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The Louvre has temporarily closed employee offices and the Campana Gallery in the southern Sully wing due to structural concerns identified in a November 14 building assessment report, which warned of fragile floor beams. The closure affects 65 staff members and a nine-room gallery of ancient Greek ceramics. The museum has launched an investigation and plans repairs, following a year of challenges including a staff walkout in June and a dramatic theft of imperial jewels from the Gallery of Apollo in October.

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President Donald Trump has proposed eliminating the National Endowment for the Arts (NEA), and arts organizations across the U.S. are already feeling the impact. After a White House budget request in May that excluded the NEA, dozens of institutions received abrupt termination notices for their grant applications, with the NEA citing a shift in policy priorities to focus on projects reflecting the nation's artistic heritage as prioritized by the President. In protest, many senior NEA staff resigned or were asked to retire, leaving the agency in disarray. The cuts are part of broader federal efforts to defund cultural agencies, including the Kennedy Center, the Smithsonian, and the National Endowment for the Humanities, which has seen a 70-80 percent staff reduction and canceled over a thousand grants. Private foundations like the Mellon Foundation and the Helen Frankenthaler and Andy Warhol Foundations have launched emergency funding programs, but the consequences for artists, educators, and community organizations are immediate and destabilizing.

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A portrait of President Donald Trump gifted by Vladimir Putin has been unveiled, depicting Trump raising his fist after an assassination attempt, with the Russian artist Nikas Safronov behind the work. In a separate development, journalist and media entrepreneur Wolfram Weimer is set to become Germany's next Minister of State for Culture, replacing Green Party member Claudia Roth, a surprise appointment that contradicts earlier reports.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

Giant Golden Toilet Sculpture Appears Near Lincoln Memorial in D.C.: ‘A Throne Fit for a King’

An anonymous artist collective known as the Secret Handshake has installed a 10-foot-tall golden toilet sculpture titled 'A Throne Fit for a King' near the Lincoln Memorial in Washington, D.C. The work is a satirical monument to former President Donald Trump's controversial renovation of the White House's Lincoln Bathroom, which he outfitted with gold fixtures during a government shutdown.

private messages reveal lead up to canceled anti ice show at north texas uni art market edges back to growth morning links for march 12 2026 1234777199

Internal communications from the University of North Texas have revealed that school leadership intentionally canceled an anti-ICE exhibition by artist Victor “Marka27” Quiñonez to avoid political backlash from state officials. The leaked messages show President Harrison Keller and Provost Michael McPherson weighing the risks of “barking from Austin” before opting for a total cancellation, while Dean Karen Hutzel specifically instructed staff not to express regret or apologize to the artist.

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David Hockney has publicly criticized plans to loan the Bayeux Tapestry to the British Museum, calling the move 'madness' and warning that the fragile medieval embroidery could be damaged during transport. Meanwhile, Maria Balshaw is stepping down as director of Tate, citing a sense of mission accomplished after nearly a decade leading the institution, during which she championed female artists and will co-curate a Tracey Emin exhibition before departing. Other headlines include Kosovo selecting Brilant Milazimi for the Venice Biennale, Donald Trump eyeing a site for his 'Garden of American Heroes,' and the Asian Art Museum in San Francisco hosting a second Baby Rave event.

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Agnes Gund, one of the most influential art patrons in the United States, has died at 87. Her collecting and philanthropy transformed the American art world, particularly at the Museum of Modern Art (MoMA), where she served as president from 1991 to 2002 and remained a life trustee. Gund helped fund MoMA's 2004 expansion, designed by Yoshio Taniguchi, and played a key role in bringing MoMA PS1 under the museum's aegis in 1999. She was a longtime donor of over 250 works to MoMA, including pieces by Jasper Johns, Elizabeth Murray, and Julie Mehretu, and appeared on the ARTnews Top 200 Collectors list every year from 1990 to 2018.

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Former South Korean first lady Kim Keon Hee was arrested on charges of stock price manipulation and election interference. Known for organizing exhibitions featuring artists like Andy Warhol and Mark Rothko, she joins her husband, former President Yoon Suk Yeol, in detention, marking the first time a former presidential couple in South Korea has been detained simultaneously. Separately, the article reports on the cancelation of queer art exhibitions at US museums, including Amy Sherald's Smithsonian show, amid Trump administration directives. It also covers the tragic death of Italian designers Mario Paglino and Gianni Grossi, celebrated for transforming Barbie dolls into high-value art pieces, who died in a car crash.

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Billionaire hedge fund founder Kenneth C. Griffin has been revealed as the buyer of President Abraham Lincoln's handwritten copy of the 13th Amendment, which sold at Sotheby's for $13.7 million including buyer's premium. The document, one of only four privately held copies, was part of Sotheby's "Fine Books and Manuscripts, Including Americana" sale. Griffin also acquired a signed copy of the Emancipation Proclamation for $4.4 million. The auction house announced the winner on Monday, noting that Griffin secured the amendment by phone after competitive bidding.

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James Rondeau, president and director of the Art Institute of Chicago since 2016, has voluntarily stepped away from his role amid an investigation into an alleged incident on a flight from Chicago to Munich in April. According to a CBS News report citing anonymous sources, police were called after a passenger reportedly stripped off his clothes following consumption of alcohol and prescription medication; sources identified that passenger as Rondeau. The museum confirmed it has opened an independent investigation and that Rondeau is taking time off during the process.

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Artnet News critic Christian Viveros-Fauné has published a personal list of the ten best works of art in New York museums, sparking debate among readers. The selection includes iconic pieces such as Giovanni Bellini's *St. Francis in the Desert* at the Frick Collection, Gerhard Richter's *October 18, 1977* at MoMA, Paul Cézanne's *The Card Players* at the Metropolitan Museum of Art, James Rosenquist's *F-111* at MoMA, Diego Velázquez's *Juan de Pareja* at the Met, and Pablo Picasso's *Les Demoiselles d'Avignon* at MoMA, among others.

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Billionaire hedge funder and art collector Kenneth Griffin revealed he was the buyer of record-breaking copies of the Emancipation Proclamation and the Thirteenth Amendment, both signed by President Abraham Lincoln, at a Sotheby's New York auction. The Thirteenth Amendment sold for $13.7 million, more than five times the previous record, while the Emancipation Proclamation fetched $4.4 million. Griffin, founder of Citadel, is an avid collector of rare historical documents and high-value art, having previously purchased a copy of the U.S. Constitution for $43.2 million and major works by artists like Willem de Kooning, Jackson Pollock, and Jean-Michel Basquiat.

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Leonard A. Lauder, the billionaire art collector, philanthropist, and cosmetics magnate, has died at age 92. Lauder helped grow his mother Estée Lauder's namesake business into a global cosmetics empire, serving as president, CEO, and chairman. He was also one of the most significant art philanthropists of his era, donating a Cubist art collection valued at over $1 billion—including 78 works by Picasso, Braque, Léger, and Gris—to the Metropolitan Museum of Art in 2014, later expanded with additional works and funding for the Leonard A. Lauder Research Center for Modern Art. He also made the largest gift in Whitney Museum history in 2008, worth $131 million, and amassed a collection of 130,000 historic postcards promised to the Museum of Fine Arts, Boston.

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Frieze New York kicked off at the Shed in Hudson Yards with a notable sale: Jeff Koons's Incredible Hulk sculpture (Tubas) purchased for around $3 million, signaling a reunion between the artist and Gagosian after his departure to Pace in 2021. Despite a cautious market amid President Trump's tariff uncertainties, dealers reported better-than-expected sales on VIP day, with a focus on affordable works in the $50,000-to-$200,000 range. However, challenges emerged including U.S. Customs delays affecting international shipments and tariff confusion that led some fashion designers to withdraw from the Esther II fair.

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René Magritte's surrealist masterpiece *La Magie Noire*, unseen on the market for nearly a century, will be auctioned at Sotheby's Paris later this month with an estimate over $8 million. The painting was originally purchased by the family of WWII resistance heroine Suzanne Spaak, who supported Magritte during a financially difficult period. Separately, three major museums designed by star architect David Adjaye—the Princeton University Art Museum, the Museum of West African Art in Benin City, and the Studio Museum in Harlem—are set to open this fall, but institutions are downplaying Adjaye's involvement following sexual misconduct allegations he denied in 2023. Other news includes Pace Gallery closing its Hong Kong space, Colnaghi opening in Riyadh, and the death of ARTnews owner Milton Esterow.

A Venise, trois maîtres redéfinissent la nature morte

The article announces an exhibition titled "Picasso, Morandi, Parmiggiani – Still lifes" at the Istituzione Fondazione Bevilacqua La Masa in Venice, running from May 7 to July 25, 2026. The show brings together three masters—Pablo Picasso, Giorgio Morandi, and Claudio Parmiggiani—to redefine the still-life genre through a curated dialogue of their works across six rooms. The exhibition is co-organized by Tornabuoni Art, the Musée national Picasso-Paris, and the Fondazione Musei Civici di Venezia, with Cécile Debray, president of the Musée national Picasso-Paris, serving as curator. A fully illustrated catalogue accompanies the show.

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Expo Chicago has announced the list of over 130 exhibitors for its 2026 edition, taking place April 9–12 at Navy Pier. The fair has been reduced by nearly 25 percent compared to 2025, with a smaller floor plan designed to foster deeper engagement. New features include a partnership with the Obama Presidential Center, whose museum director Louise Bernard will curate two sections, and the rebranding of the Exposure section as Focus, curated by Katie A. Pfohl. The Profile section will be curated by Essence Harden, and a continued partnership with the Galleries Association of Korea will bring 12 Korean galleries.

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This week's art industry moves include Allison Blais being named President and CEO of the Wadsworth Atheneum, succeeding Jeffrey N. Brown. The Onassis Foundation's ONX art-and-tech hub is expanding with a new Tribeca space opening in January 2026, debuting with the exhibition "TECHNE: Homecoming." Other appointments include Frank Lord joining Withers as senior counsel, Matthew Stavro becoming Senior Specialist at Freeman's, and Madeline Cornell as Sales Director at Morgan Presents. Galleries announced new artist representations: Anthony Meier and von Bartha jointly represent the estate of Barbara Stauffacher Solomon, Jessica Silverman now represents Lava Thomas, Kendall Koppe represents Michael Bühler-Rose, and David Kordansky Gallery takes on Tristan Unrau. The Spector Craft Prize launches with Crystal Bridges Museum partnership. A blue diamond pendant known as the Mellon Blue sold at Christie's for $25 million, a 22% drop from its previous sale. The New York Times explores whether artist-podcaster Joshua Citarella could be the "Joe Rogan of the left."

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Jean-Paul Engelen, currently president for the Americas and worldwide co-head of modern and contemporary art at Phillips auction house, will join Acquavella Galleries as a director starting July 1. Engelen spent a decade at Phillips, where he helped increase auction sales by 72 percent between 2015 and 2021, and previously worked at Christie’s for 16 years and at Qatar Museums.

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British Museum director Nicholas Cullinan has written to the Guardian to reassure the public that the nearly 900-year-old Bayeux Tapestry will be safely transported from France to the UK for a landmark loan exhibition scheduled from September 2026 to July 2027. The unprecedented agreement, seen as a diplomatic gesture between France and Britain, has sparked protests from French art historians who claim President Emmanuel Macron ignored expert warnings that the tapestry is too fragile to move; a petition against the loan has gathered over 71,000 signatures. Cullinan insists that rigorous planning and due diligence by experts on both sides of the Channel are underway to ensure safe transport and conservation.

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The Museum of Contemporary Art Los Angeles (MOCA) has extended the closure of its Geffen Contemporary space through the weekend as National Guard troops continue to confront anti-ICE protesters nearby. The museum cited safety concerns for staff and visitors, and also halted Pussy Riot member Nadya Tolokonnikova's durational performance 'POLICE STATE,' which had continued even after the initial shutdown on June 8. In other news, two Frenchmen—expert Bill Pallot and carpenter Bruno Desnous—were sentenced to suspended prison sentences and fines for selling fake 18th-century furniture, including chairs falsely attributed to Queen Marie Antoinette, duping the Château de Versailles and a Qatari prince. Meanwhile, President Donald Trump was booed by the audience at a Kennedy Center performance of Les Misérables, and Tamara de Lempicka's painting 'La Belle Rafaëla' (1927) is headed to auction at Sotheby's London with a high estimate of £9 million.

Must-see Chicago museum openings, exhibitions and events in 2026

Chicago's cultural institutions are preparing a diverse slate of exhibitions and openings for 2026. Highlights include the Art Institute of Chicago presenting Henri Matisse's complete 'Jazz' book of cutouts for the first time, a survey of Dominican artist Firelei Báez at the Museum of Contemporary Art Chicago, the National Museum of Mexican Art exploring the history of Mexican railroad workers, and a costume design exhibition featuring Paul Tazewell's work at the Griffin Museum of Science and Industry. The year also features the grand opening of the Obama Presidential Center and a Barbara Nessim survey at the DePaul Art Museum.

Frieze VIP day defined by dealers’ resilience

Frieze New York's VIP opening on Wednesday saw strong attendance despite economic uncertainty following President Donald Trump's April 2 tariff announcement, which caused stock market volatility. Gallerists reported early sales driven by institutional buyers, with works by Tuan Andrew Nguyen, Rashid Johnson, Lorna Simpson, Claire Tabouret, and WangShui finding homes at museums including the Moderna Museet, Dallas Museum of Art, and Heredium Museum. Notable sales included Jeff Koons's Hulk (Tubas) for over $3 million at Gagosian and a solo stand sellout for Claire Tabouret at Perrotin.

Frieze New York shows signs of stability in challenging US art market

Frieze New York (7-11 May) opens its 13th edition at The Shed with around 65 galleries, including mega-galleries Gagosian, David Zwirner, Hauser & Wirth, Pace, and White Cube. The fair arrives amid a turbulent art market: global art sales declined 12% in 2024 per Clare McAndrew's Art Market Report, and President Trump's tariff decisions have roiled the stock market. Frieze's owner Endeavor recently sold the fair to a new company founded by former CEO Ari Emanuel. Despite this, US fair director Christine Messineo expresses optimism, citing strong sales at Frieze Los Angeles in February. The Focus section features 12 emerging galleries, seven of which are first-time participants, including King's Leap, Management, Voloshyn Gallery (Kyiv), and Public Gallery (London).