filter_list Showing 485 results for "RISK" close Clear
search
dashboard All 485 article news 114trending_up market 96museum exhibitions 96article policy 67article culture 27person people 26article local 23gavel restitution 14rate_review review 13candle obituary 9
date_range Range Today This Week This Month All
Subscribe

The British Museum Is Recreating the Bayeux Tapestry’s Medieval Woodland

The British Museum is installing a temporary woodland installation called "Tapestry of Trees" in its forecourt from May 16 to June 2, evoking the 11th-century English landscape depicted in the Bayeux Tapestry. Designed by garden designer Andy Sturgeon, the installation features 37 silver birch trees and planters with dyed hessian wraps matching the tapestry's colors, alongside woodland species like Guelder Rose and Foxglove. It launches public programming ahead of the tapestry's historic loan from France, which will be displayed in a blockbuster exhibition on the Norman Conquest starting in September.

Gallery Not Paying? Call Kenny Schachter’s Kollection Agency. He Gets Results!

Art world provocateur Kenny Schachter addresses the current climate of anxiety within the industry, touching on everything from the existential threats of advanced AI tools like Anthropic’s Mythos to the 'doomster' narratives of market analysts. Amidst reports of dwindling demand and galleries struggling with non-paying clients, Schachter highlights the enduring value of historical works, such as a 1799 Goya etching, while dismissing claims that screens are replacing physical art in the home.

art business conference artist brand collaborations 2747606

The Art Business Conference in Paris recently highlighted the growing trend and inherent risks of collaborations between artists and commercial brands. Keynote speaker Vadim Grigoryan and other industry experts discussed how these partnerships have evolved from historical precedents like Dalí and Schiaparelli into a modern necessity for brands seeking cultural relevance. While these deals offer artists financial stability and massive public exposure, the conference warned of the dangers of "commodity" marketing and the exploitation of artistic vision.

british museum funding bayeux tapestry transport 1234774260

The British Museum has allocated £1.2 million to facilitate the transport of the 11th-century Bayeux Tapestry from Normandy to London for a high-profile exhibition scheduled for 2026. This funding covers the logistical complexities of moving the 230-foot-long masterpiece, which is further protected by a £800 million UK Treasury guarantee. Despite the museum's rigorous planning and expert oversight, the loan has faced significant pushback from conservationists and public figures.

david hockney bayeux tapestry 2737689

David Hockney has publicly condemned the planned loan of the Bayeux Tapestry from France to the British Museum, calling the transport of the 950-year-old, 224-foot-long embroidered chronicle across the English Channel “madness” and an unnecessary risk. Writing in an op-ed for The Independent, the 88-year-old artist warned that moving the fragile artifact—which has nearly 10,000 holes and 30 tears—could cause irreversible damage such as fiber contraction, expansion, or color fading. The tapestry is scheduled for a 10-month loan to the British Museum later this year, and despite a £800 million insurance scheme and assurances from museum director Nicholas Cullinan, Hockney remains unconvinced, noting that a museum representative who met with him had not read his book "Secret Knowledge." The tapestry has already been moved from the Bayeux Museum to a secret storage facility, its first relocation in 40 years.

antwerp contemporary art museum controvery 2735239

Belgium plans to revoke the museum status of Antwerp's Museum of Contemporary Art (M HKA) and transfer its 8,000-work collection to Ghent's Municipal Museum of Contemporary Art (Smak), canceling a promised $93 million new building. The proposal by Flemish culture minister Caroline Gennez has sparked resignations, legal challenges, and backlash from artists including Luc Tuymans and Anish Kapoor, who call it unlawful and a threat to cultural independence. A parliamentary hearing is expected in January 2026.

top auction moments of 2025 2712941

Artnet News rounds up the standout auction moments of 2025, highlighting both triumphs and disappointments. M.F. Husain's *Untitled (Gram Yatra)* (1954) smashed expectations at Christie's, selling for $13.8 million—more than double the artist's previous record and the first South Asian Modern work to exceed $10 million. In contrast, Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) fell short of its $50 million estimate at Christie's, missing the artist's auction record, while Alberto Giacometti's *Grande tête mince* (1955) failed to sell at Sotheby's despite a $70 million asking price, underscoring market volatility.

shanghai art021 west bund art recap 1234762135

Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.

art insurance los angeles wildfires 1234755619

Ron Rivlin, owner of Revolver Gallery in Los Angeles and a prolific collector of Andy Warhol works, lost his Pacific Palisades home and 340 artworks—including 30 Warhols and pieces by Keith Haring, John Baldessari, Damien Hirst, Alex Katz, and Kenny Scharf—to the January 2025 wildfires that swept through Los Angeles County. The fires, fueled by powerful winds and dry conditions, consumed approximately 60,718 acres and 17,291 structures, killing 30 people. Numerous other artists, collectors, and arts professionals, including Beatriz Cortez, Amir Nikravan, Salomón Huerta, and curator Paul Schimmel, also reported losing homes and artworks.

agnes gund dead moma art collecting 1234752843

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.

black arts institutions funding nea cuts 1234747703

The National Endowment for the Arts (NEA) has announced funding cuts to arts organizations across the U.S. as part of broader government spending reductions under the Trump administration. These cuts disproportionately affect Black-led art institutions, including the Museum of Contemporary African Diasporan Art (MoCADA), Museum Hue, and the Billie Holiday Theatre, which rely heavily on federal grants for programming and operations. While some organizations received final payments or avoided returning funds, they face an uncertain future as critical funding streams are terminated or made ineligible for renewal.

art dealer provocative solution poaching problem 2655240

Art dealer Wendi Norris of San Francisco has introduced buyout clauses in contracts with her artists, borrowing a strategy from professional sports. If an artist leaves for a mega-gallery like Gagosian, Hauser & Wirth, Pace, or David Zwirner, Norris receives financial compensation—such as the right to purchase works at her original prices for potential resale. This practice aims to address the widespread problem of poaching, where larger galleries lure rising artists away from the smaller dealers who nurtured their careers, often causing financial and emotional strain.

maurizio cattelan golden toilet theft sentencing 1234745129

Two men have been sentenced for stealing Maurizio Cattelan's 18-carat gold toilet, titled "America" (2016), during a 2019 raid at Blenheim Palace in England. James Sheen received a four-year prison sentence, and Michael Jones received a 27-month sentence; a third accomplice, Frederick Doe, was found guilty of conspiracy to convert criminal property. The 227-pound toilet was dismantled in a five-minute raid just two days after being publicly displayed at the palace, and despite being insured for $6 million, it has not been recovered.

christies 21st century auction may 2025 marlene dumas 1234742219

Christie's 21st century evening sale on May 14, 2025, generated $96.4 million against a presale low estimate of $79.5 million, with 39 lots offered and a sell-through rate of 90% before withdrawals. The top lot was Jean-Michel Basquiat's 'Baby Boom' (1982), which sold for $23.4 million with fees, consigned by collector Peter M. Brant. Marlene Dumas's 'Miss January' (1997) achieved $13.6 million, setting a new record for the most expensive living female artist, surpassing Jenny Saville's previous record. Other notable sales included Simone Leigh's 'Sentinel' (2020) at $5.7 million, while works by Ellsworth Kelly and Felix Gonzalez-Torres failed to sell.

mondrian christies riggio 2643516

Christie’s marquee auction on Monday night in New York generated $488.8 million in total sales, led by Piet Mondrian’s 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.6 million—just shy of the artist’s $51 million auction record. The sale featured the Leonard & Louise Riggio collection, the largest single collection of the season, comprising 39 works estimated at $252–326 million; after one withdrawal and one unsold lot, the group achieved $271.9 million. Many high-profile lots, including works by Alberto Giacometti, René Magritte, Barbara Hepworth, Gerhard Richter, Mark Rothko, and Andy Warhol, sold on single bids to third-party guarantors, reflecting a cautious market.

The Box LA, Beloved Risk-Taking Art Space, Closes After 19 Years

The Box LA, a pioneering experimental art space in Los Angeles known for its fearless support of unconventional and performance art, is closing after 19 years. Founded in 2007 by Mara McCarthy in Chinatown (later moving to the Arts District), the gallery operated as a commercial space but with a nonprofit ethos, championing underrecognized artists from her father Paul McCarthy's generation alongside emerging talents. Its final exhibition, a retrospective of Wally Hedrick presented with Parker Gallery, ended April 4, with a closing celebration planned for June 6 featuring a fashion show by Johanna Went. The closure is attributed to financial struggles, exacerbated by the Eaton Fire that destroyed McCarthy's home and her family's, and a shift in support from McCarthy Studios.

Despite Uncertainty, Gulf Art World Projects Normalcy

Galleries and museums in Gulf states like the UAE, Qatar, and Saudi Arabia are reopening and projecting normalcy despite the ongoing US-Israel war on Iran, which has entered its fourth week. Major events like Art Dubai have been postponed, and institutions like the Sharjah Art Foundation have delayed gatherings, but many cultural venues are operating with adjusted formats or by appointment.

whitney museum new york isp open letter artists 1234747904

More than 100 artists and scholars, including Emily Jacir, Hans Haacke, and Michael Rakowitz, have signed an open letter defending Dr. Sara Nadal-Melsió, the former associate director of the Whitney Museum of American Art's Independent Study Program (ISP), whose position was eliminated in June 2025. The termination followed the cancellation of a pro-Palestine performance titled "No Aesthetic Outside My Freedom: Mourning, Militancy, and Performance" by artists Fadl Fakhouri, Noel Maghathe, and Fargo Tbakhi, scheduled for May 12, 2025. The museum canceled the event after viewing a recording where a performer asked attendees who "believe in Israel in any incarnation" to leave. Nadal-Melsió had published a protest letter against the cancellation, leading to her dismissal. The open letter also demands the reopening of the ISP, which was suspended for the 2025-2026 program.

pope francis has died champion of artists 1234739195

Pope Francis died on Easter Monday at his home in Casa Santa Marta at age 88, the Vatican announced. During his 12-year papacy, the first Jesuit and Latin American pontiff showed strong support for artists, becoming the first pope to visit the Venice Biennale last year, where he spoke at the Vatican's pavilion held in a women's prison. He emphasized the importance of contemporary art and women creators, citing Frida Kahlo and Louise Bourgeois, and urged artists to keep questioning and taking risks.

‘He sent someone to intimidate me’: Christopher Anderson, the photographer who shot Jeffrey Epstein

Photographer Christopher Anderson has revealed the details behind his 2015 encounter with Jeffrey Epstein, whom he photographed for a cancelled New York magazine profile. Anderson describes a series of unsettling interactions, including Epstein's attempts to buy the image rights for $20,000 and the eventual dispatch of a "mafia-esque" intimidator to Anderson's studio to seize a hard drive. The photographer's email exchanges with Epstein’s staff were recently made public as part of the Department of Justice's release of the Epstein files.

diego marcon video art star new museum uncanny 1234769724

Diego Marcon, an Italian video artist known for his uncanny and meticulously crafted films, is gaining significant attention in the United States. He recently had his first American solo show at the Renaissance Society in Chicago and is preparing for another at the New Museum in New York. His work, such as the video "La Gola" (2024), features hyper-realistic, inanimate busts with animated eyes that speak about bodily experiences, blending narrative with structuralist film techniques. Marcon's films often explore family dynamics and the materiality of film, creating dreamlike experiences that haunt viewers.

8 gulf artists defining the regions new cultural renaissance 2728529

Artnet News profiles eight Gulf artists who are shaping the region's cultural renaissance, including Mohammad Alfaraj and Dana Awartani. The article highlights their growing international recognition, with Alfaraj winning Art Basel Emerging Artist and Gold Awards in 2025 and Awartani exhibiting at the 2024 Venice Biennale. It notes the expansion of major art fairs like Art Basel and Frieze into the Gulf, alongside new homegrown initiatives such as the Diriyah Contemporary Art Biennale and Rubaiya Qatar.

charisse pearlina weston shattered glass 2714106

Charisse Pearlina Weston, a rising artist known for transforming industrial materials like shattered glass and concrete into harmonious abstract works, is the subject of a profile highlighting her rapid ascent. Her first solo exhibition with Jack Shainman Gallery, titled "Mis-/Mé- (Squeeze)," opened in New York's Chelsea and runs through December 20, 2025. Weston, who gained attention with a solo presentation at Patron gallery during Frieze New York 2024, was awarded a Guggenheim Fellowship in April 2025 and has an installation at the Cecilia Alemani-curated SITE Santa Fe International. She will also have dual representation at Art Basel Miami Beach next month.

Mary Lovelace O’Neal, Author of Uncategorizable Abstractions, Dies at 84

Mary Lovelace O’Neal, an activist, educator, and artist known for her monumental lampblack paintings that expanded the possibilities of abstraction, died on May 10 in Mérida, Mexico, at age 84. Despite a six-decade career, she was long considered an "artist's artist" before gaining international acclaim in recent years, with major exhibitions at Mnuchin Gallery, Marianne Boesky Gallery, the San Francisco Museum of Modern Art, and inclusion in the 2024 Whitney Biennial and the 2025 group show "Paris Noir" at the Centre Pompidou.

5 very different art fairs throughout two days in New York City

The article reports on five distinct art fairs—Frieze, NADA, Independent, 1-54, and Esther III—visited during New York Art Fair Week. It highlights key artists and works, including Kelly Tapia-Chuning's deconstructed serapes at NADA, Esaí Alfredo's queer nighttime paintings, Alex Burke's textile dolls at 1-54, and Laetitia KY's photographic self-sculpture. The fairs collectively emphasized themes of environmentalism, globalism, decolonization, and a growing textiles sector, with curation varying widely from commercial to conceptually driven.

Comment | We are living in an age of bad painting—the medium must be challenged to stay interesting

The article argues that contemporary painting has entered a period of stagnation, characterized by bloated, vapid, and market-driven works. The author cites observations from Frieze London and the exhibition "Painting After Painting" at SMAK in Ghent, noting that much recent painting lacks intellectual rigor and emotional depth. A conversation with artist Christopher Wool is referenced, where he contrasts the current lack of critical dialogue with the productive crises of the late 1970s, when painters like Philip Guston faced backlash for challenging conventions.

‘Christmas came early’: Art Basel Miami Beach opens with avalanche of blue-chip sales

Art Basel Miami Beach opened its 23rd edition with a surge of blue-chip sales, signaling renewed market confidence. Major galleries reported strong early results: David Zwirner sold a Gerhard Richter painting for $5.5m and an Alice Neel for $3.3m; Hauser & Wirth saw sales 40% higher than last year, including a George Condo for nearly $4m and a Louise Bourgeois for $3.2m. Other notable sales included works by Alex Katz, Pablo Picasso, Sam Gilliam, and Robert Rauschenberg, with 283 galleries participating at the Miami Beach Convention Center.

8 Must-See Solo Gallery Shows in December

Galerie magazine has curated a list of eight must-see solo gallery shows across the United States for December, highlighting exhibitions from New York to Los Angeles. Featured artists include Alex Da Corte, whose show at Matthew Marks Gallery presents 11 new sculptures in a narrative setting, including life-size self-portraits as the Pink Panther and Popeye; and Sylvia Snowden, whose exhibition "On the Verge" at White Cube in New York showcases 20 paintings from her career, exploring human struggles and joys through textured impasto works. Other notable shows include Marilyn Minter's portraits of celebrities at Regen Projects in Los Angeles.

Phillips' Priority Bidding drives 100% sell-through at Hong Kong evening sale, totalling US$20.5m

Phillips achieved a 100% sell-through rate at its Modern and Contemporary Art Evening Sale in Hong Kong on 27 September, totaling nearly HK$160 million (US$20.5 million). All 20 lots sold, with six works exceeding HK$10 million. The top lot was Yoshitomo Nara's *Pinky* (2000), which sold for HK$56.64 million (US$7.2 million) after its estimate was lowered from HK$60–80 million to HK$35–55 million. The sale was the first major test of Phillips' new Priority Bidding (PB) system, which offers a reduced buyer's premium to collectors who place written bids at or above the low estimate at least 48 hours before the auction. Seven lots were withdrawn and several estimates revised downward ahead of the sale, contributing to the white-glove result.

Blum Gallery’s Sudden End Shocked the Art Industry. What Happened?

On July 1, 2025, Tim Blum, the powerhouse Los Angeles dealer behind Blum Gallery, announced the sudden closure of his gallery after a 35-year run. The closure includes his Culver City headquarters, his Tokyo space, and a planned Tribeca location that will no longer open. Blum publicly framed the decision as a voluntary "sunset" due to systemic industry issues like over-expansion and burnout, but interviews with artists and staff reveal a more chaotic reality: the closure blindsided employees and artists, many of whom learned about it from news reports or a last-minute staff meeting that excluded Tokyo staff. Sources cite weak sales at Art Basel and Art Basel Hong Kong, poor business decisions—including buying out partner Jeff Poe and renovating a costly New York space—and a lack of severance or transition time as underlying factors.