Three major artworks from the collection of the late arts patron Agnes Gund will be auctioned at Christie's in New York this May, with a combined minimum estimate of $123 million. The works include Mark Rothko's 'No. 15 (Two Greens and Red Stripe)' (est. ~$80 million), a Cy Twombly untitled painting from 1961 (est. $40-60 million), and Joseph Cornell's 'Untitled (Medici Princess)' from 1948 (est. $3-5 million).
Austrian-born, Netherlands-based performance artist Florentina Holzinger has joined the roster of blue-chip gallery Thaddaeus Ropac. This move comes just months before she is set to unveil her project "Seaworld Venice" for the Austrian Pavilion at the 2024 Venice Biennale, marking a significant shift of her boundary-pushing, interdisciplinary practice from the theater and dance worlds into the commercial art gallery system.
Newly released documents from the Jeffrey Epstein investigation reveal that billionaire art collectors and Museum of Modern Art trustees Leon Black and Ronald Lauder have co-owned several major artworks for decades. The files, made public by the U.S. Department of Justice, confirm long-standing rumors of their joint acquisitions, including a Max Beckmann self-portrait and two Ernst Ludwig Kirchner works, purchased for a total of $31.6 million and later appraised at $93.5 million.
The past year saw major museum events dominated by high-stakes thefts and political interference. The Louvre in Paris suffered a shocking $102 million jewel heist in broad daylight, leading to arrests and an €80 million security overhaul. Other European museums, including the Drents Museum in the Netherlands, were also targeted, raising fears of an organized criminal network.
A significant number of New York art galleries, including major players like Pace Gallery, David Zwirner, and Marian Goodman, will close on January 30 to join a nationwide general strike protesting expanded Immigration and Customs Enforcement (ICE) operations. The strike is a response to allegations of federal overreach, including the use of deadly force against protestors and the detention of Native Americans, which have fueled widespread outrage.
The article reports on a growing trend in the art world called a 'strategic pause,' where galleries and art fairs are temporarily suspending operations to reassess their futures. Vienna's Spark Art Fair announced a hiatus, Berlin dealer Mehdi Choukri is pausing exhibitions at his 30-year-old gallery, and the Art Dealers Association of America's Art Show skipped a year to 'reimagine' its direction. Additionally, the Metropolitan Opera in New York is considering selling its iconic Marc Chagall murals, and a fresh-to-market Magritte painting is heading to Christie's London.
Amy Sherald, the painter known for her tender portraits of Black American life, has signed with Creative Artists Agency (CAA), a major talent agency. Sherald, who has been represented globally by Hauser & Wirth since 2018, rose to fame after painting Michelle Obama's official portrait for the National Portrait Gallery. She was set to become the first Black contemporary artist to have a solo exhibition at the National Portrait Gallery in 2025, but canceled the show after a censorship controversy involving her painting 'Trans Forming Liberty.'
This week's art industry roundup covers a flurry of developments across art fairs, auction houses, galleries, and museums. A new boutique fair called Enzo will launch alongside Frieze Los Angeles in an Echo Park warehouse with 10 New York galleries, while Felix Los Angeles returns to the Hollywood Roosevelt Hotel with 50 exhibitors. Art Cologne's revived Palma Mallorca fair announces 88 exhibitors for its April debut. At auction, Christie's London will offer the Vanthournout collection of modernist and Surrealist works, including a Magritte painting estimated at $4.7 million, while Bonhams sells rare Oscar Wilde materials and three Bob Ross paintings. In gallery news, Roland Augustine steps down at Luhring Augustine, Lehmann Maupin opens a London space, and several galleries announce new artist representations. Museums see leadership changes at the Park Avenue Armory and Wrightwood 659, and the Rijksmuseum plans a new sculpture garden.
At the opening of San Francisco's FOG Design and Art fair, prominent collector Komal Shah navigated the crowded aisles, stopping to chat with a who's who of the Bay Area art scene, including FOG founder Stanlee Gatti, ICA San Francisco director Ali Gass, and SFMOMA director Christopher Bedford. Shah, known for her collection focused on women artists, was scouting works with a handwritten list, considering pieces by Ruth Asawa and Joan Brown, though she passed on a $425,000 Asawa sculpture. The fair's gala serves as a fundraiser for SFMOMA, and Shah's collection is currently on view at the Berkeley Art Museum and Pacific Film Archive in the exhibition "Making Their Mark: Works from the Shah Garg Collection."
The Smithsonian Institution faces a deadline to submit internal communications and exhibition materials to the White House as part of President Donald Trump's review aimed at eliminating so-called 'woke' ideology. Smithsonian Secretary Lonnie G. Bunch III has begun turning over documents from several galleries on a rolling basis, and the National Portrait Gallery has already complied by replacing Trump's portrait with a new photograph and removing mentions of his two impeachment trials from the wall text. The review, launched in August 2025, targets eight museums including the National Museum of African American History and Culture and the Hirshhorn Museum, following an April executive order titled 'Restoring Truth and Sanity to American History.'
This week's art industry roundup covers a postponement, financial losses, legal disputes, and leadership changes. New Jersey's Art Fair 14C has been postponed to May 2027, with organizers citing capacity issues unrelated to market conditions. Bonhams reported a 90% pre-tax loss jump to £213 million in 2024 due to impairment charges. A rediscovered Watteau drawing will be auctioned at Christie's Paris, and personal items of Jimmy and Rosalynn Carter are featured in Christie's 'American Collector' sales. In galleries, Amy Sillman left Gladstone for David Zwirner, Trevor Paglen joined Jessica Silverman, and Maya Hewitt joined Theta. The Louvre partially closed after a staff strike demanding director Laurence des Cars' resignation and reassessment of a renovation plan. Belgium's plan to dismantle Antwerp's M HKA museum has sparked resignations and backlash. New appointments include Will Cary as COO of the Barnes Foundation and Patton Hindle as director of arts at the Knight Foundation. MATHAF museum in Doha announced a campus expansion by architect Lina Ghotmeh. Legal disputes emerged between Gian Enzo Sperone and Angela Westwater over the shuttered Sperone Westwater gallery.
Artnet News published a roundup of the top five episodes of its podcast 'Art Market Minute' from 2025, hosted by Margaret Carrigan. The episodes cover key industry topics: whether artists still need galleries, how to build professional relationships in the art world, the rising market value of Jack Whitten's work, the impact of AI on the art market, and the wave of high-profile gallery closures reshaping the trade. Guests include Sonia Manalili, Brooke Lampley, Naomi Rea, Eileen Kinsella, Jo Lawson-Tancred, and Katya Kazakina.
Artnet News rounds up eight major controversies that shook the art world in 2025, including a brazen theft of crown jewels from the Louvre Museum in Paris, which exposed severe security gaps and led to a staff strike. Another key scandal involves a lawsuit filed by heirs of the Stern family against the Metropolitan Museum of Art and the Basil and Elise Goulandris Foundation, alleging that a Van Gogh painting was looted by the Nazis and later concealed through a series of transactions in New York.
This week's art industry roundup covers major auction results, gallery representation changes, museum leadership shifts, and a high-profile art theft. François-Xavier Lalanne's *Hippopotame Bar* sold for $31.4 million at Sotheby's Breuer headquarters, setting a record for both the artist and design works. A Tiffany Magnolia floor lamp also set a new auction record at Sotheby's, fetching $4.4 million. Meanwhile, a New Jersey auction house quietly sold over $100,000 of Jeffrey Epstein's belongings, including artworks, without disclosing his ownership. In the gallery world, several artists changed representation, and former Clearing director John Utterson joined Thaddaeus Ropac. Museum news includes the Smithsonian's National Museum of Asian Art repatriating three Khmer-era sculptures to Cambodia, Maria Balshaw stepping down as Tate director, MoMA PS1 offering free admission starting January 1, and the Rijksmuseum planning a new branch in Eindhoven. Additionally, eight rare Matisse prints and five works by Candido Portinari were stolen from São Paulo's Mário de Andrade Library.
The article reports on the outlook for the art market in 2026, following a difficult 2025. It notes signs of recovery, including decent sales in Miami and $2.2 billion in marquee New York auctions, but warns of a K-shaped recovery where some sectors will bounce back while others continue to struggle. The piece also highlights a major shift toward the Gulf region, with Art Basel launching in Qatar, Art Dubai celebrating its 20th anniversary, Frieze debuting in Abu Dhabi, and the long-awaited opening of the Guggenheim Abu Dhabi, all signaling commercial maturity in the area.
Annie Armstrong bids farewell to Artnet Pro's Wet Paint column after 198 editions, reflecting on her four-and-a-half-year tenure as the art world's gossip columnist. She recounts her first assignment at the 2021 Felix Art Fair in Los Angeles, where she nervously approached a group of art-world insiders, and describes the highs and lows of covering galas, parties, and scandals from Frieze Seoul to the Henry Street gallery scene.
Kenny Schachter's column reveals that Jeff Bezos secretly bought Frida Kahlo's 1941 painting *Me and My Parrot* for over $130 million in a private auction hosted by Christie's in 2021, and that Mark Zuckerberg recently purchased René Magritte's 1964 painting *Le fils de l'homme* (The Son of Man) for roughly $150 million in another private treaty sale negotiated by Christie's. The article also discusses a new private auction Christie's is organizing for a major Magritte work valued north of $50 million, and critiques the growing influence of tech billionaires—the "Magnificent 7"—on the art market.
This week's art industry news includes Art Basel appointing Egyptian artist Wael Shawky as artistic director of its first Middle East fair, Art Basel Qatar, running February 5–7, 2026. A new fair called Loading… debuts in Hudson, N.Y., during Upstate Art Weekend, while Vienna Contemporary names Abaseh Mirvali as artistic director. Bonhams offers material from Roy Lichtenstein's Hamptons home, and a legendary Le Birkin handbag sells for €8.5 million at Sotheby's Paris. Galleries see Hollis Taggart adding two artists, Adam Lindemann closing Venus Over Manhattan, and Berlin's Meyer Riegger and Paris's Galerie Jocelyn Wolff opening a joint Seoul gallery. Museums include the Zayed National Museum opening in Abu Dhabi, Shamim M. Momin named director of the Bronx Museum, and the Baltimore Museum of Art acquiring 150 new works. The Art Bridges Foundation and Crystal Bridges acquire 90 Indigenous artworks, and the Schirn Kunsthalle Frankfurt opens a temporary location. In legal news, DHS officials visited the National Museum of Puerto Rican Arts and Culture in Chicago.
This week's art industry roundup covers major sales and developments across art fairs, auction houses, and galleries. At Art Basel Miami Beach, strong sales were reported, including an $18 million Warhol at Lévy Gorvy Dayan's booth, while NADA Miami featured around 140 exhibitors. The Art Dealers Association of America announced a new ADAA Fair at the Park Avenue Armory for November 2025, and Design Miami will expand to Dubai in 2027 with Alserkal. In auctions, Fabergé's 'Winter Egg' sold for $30.2 million at Christie's London, becoming the most expensive Fabergé egg ever auctioned, and Rembrandt's etching 'Arnout Tholinx, Inspector' set a world record for an Old Master print at $4.1 million. A rare 15th-century triptych also sold at Sotheby's for $7.6 million. Gallery news includes the formation of Pace Di Donna Schrader Galleries, Hauser and Wirth's acquisition of a Palermo palazzo, and several artist representation changes.
Art Basel Miami Beach 2025 launched a new digital art section called Zero 10, featuring works like Beeple's robotic dogs with billionaire heads and Tyler Hobbs' generative art. The fair aimed to attract tech-sector buyers, with sales including IX Shells' interactive video installation for $140,000 and Jack Butcher's pay-what-you-wish installation drawing hundreds of new collectors. The section had surprisingly few screens, emphasizing conceptual engagement over spectacle.
Artnet News re-airs a podcast episode exploring the hidden stories of the Louvre, prompted by a recent daylight heist in which thieves stole eight pieces of royal jewelry from the Paris museum. The episode features Elaine Sciolino, a former Paris bureau chief for the New York Times, who discusses her book *Adventures in the Louvre: How to Fall in Love with the World’s Greatest Museum*, based on unprecedented access to the museum's guards, curators, and hidden rooms.
Artnet Pro has published a roundup of nine artists whose markets it appraised in depth during 2025, including Dorothea Tanning, Gertrude Abercrombie, Emily Kam Kngwarray, Jack Whitten, and Olga de Amaral. The article highlights key market developments for each artist, such as record auction prices, growing international recognition, and shifts in collector interest, drawing on data and expert commentary from dealers, auction-house specialists, and advisors.
Abu Dhabi Art (ADA) opens its largest edition to VIPs on November 18 at Manarat Al Saadiyat, featuring 142 exhibitors—up from just over 100 last year. This is the final edition under the ADA name before it relaunches as Frieze Abu Dhabi in 2025, marking a major transition for the Gulf's art market. Key international dealers like Pace are returning after a long absence, and the fair includes works by Robert Indiana, Arlene Shechet, and a teamLab installation. The event comes as Art Basel also plans its 2026 debut in Qatar, signaling a broader regional shift.
Gagosian has partnered with filmmaker Wes Anderson to recreate the New York studio of Joseph Cornell at its Paris gallery space on 9 rue de Castiglione. The exhibition, curated by Jasper Sharp and titled “The House of Utopia Parkway,” will run from December 16 to March 14, 2026, transforming the gallery into a tableau that blends a time capsule with a life-size shadow box. It marks the first solo presentation of Cornell’s work in Paris in over four decades, featuring iconic glass-fronted “shadow boxes” such as *Pharmacy* (1943), *Untitled (Pinturicchio Boy)* (circa 1950), and *A Dressing Room for Gille* (1939).
Photographer Sally Mann has spoken out about government censorship after her photographs were seized from the Modern Art Museum of Fort Worth in Texas earlier this year. The controversy stemmed from her 1990s images of her children, which included nude depictions that some critics characterized as "child porn," leading to their removal from an exhibition following an open letter from the conservative Christian advocacy group Danbury Institute. Though the photos were returned and charges dropped, Mann expressed deep concern about the future of American museums, warning of a "new era of culture wars" and describing the situation as "Orwellian." She noted that social media has given censors more tools, and that the Trump administration is actively rolling out policies targeting museum programs, including a review of the Smithsonian.
Emily Kam Kngwarray, the prolific Aboriginal artist who began painting in her 70s, is receiving belated international recognition nearly two decades after her death. A landmark survey of her work is currently on view at Tate Modern in London, while major galleries and auction houses are selling her pieces for record prices. The article, part of Artnet News's 'Art Market Minute' series, examines which of Kngwarray's works fetch the highest prices and where market growth potential remains.
The sixth edition of New York's Upstate Art Weekend, founded by Helen Toomer in 2020, runs July 17–21 across the Catskills and Hudson Valley, featuring 158 participating art organizations—a dramatic increase from 23 in its first year. Highlights include a Kishio Suga solo show at Dia Beacon, Sonia Gomes's first U.S. outdoor installation at Storm King Art Center, a group exhibition of seven women artists at Toomer's new project space Upbringing, Tomokazu Matsuyama's homage to Edward Hopper at the Edward Hopper House Museum, and a comparative show of Georgia O'Keeffe and Thomas Cole at the Thomas Cole National Historic Site.
Former New York governor Andrew Cuomo relaunched his New York mayoral campaign as a third-party candidate on July 14, after losing the Democratic primary to Zohran Mamdani by 12 points on June 24. A recent ARTnews data analysis reveals that prominent art world figures have donated to both campaigns, with Cuomo receiving contributions from Christie's executives, Phillips and Sotheby's staff, Gagosian directors, art dealers, and museum leaders, while Mamdani drew support from foundation directors, museum curators, gallery directors, and numerous artists. The pro-Cuomo super PAC Fix the City received $5 million from billionaire Michael Bloomberg and $250,000 from Top 200 collector Daniel Loeb, while the pro-Mamdani super PAC raised about $1.4 million.
This week's art industry news covers major auction results, gallery changes, and restitution developments. At Christie's Old Masters evening sale in London, Canaletto's "The Return of the Bucintoro on Ascension Day" set a new auction record for the artist at £31.9 million ($43.9 million), leading the sale to a total of £60.8 million. Sotheby's Old Masters evening sale brought in £14.5 million, with three new records including Diana de Rosa's "Salome with the Head of Saint John the Baptist" selling for £317,500. A rare early watercolor by Man Ray, "Nude Playing Musical Instrument" (1913), resurfaced after decades and will be auctioned at Dreweatts. In gallery news, Blum gallery laid off most of its staff and plans to cease brick-and-mortar operations, while Waddington Custot announced a new Paris space, and Company Gallery hired Subhas Kim Kandasamy as executive director. White Cube now represents Firenze Lai, and JD Malat Gallery launched a new initiative for UAE artists. In restitution, the Netherlands returned 119 Benin Bronzes to Nigeria, and the Museum of Fine Arts, Boston, transferred two Benin works to the Oba of Benin.
Artnet News published its quarterly museum artist ranking for June 2025, analyzing temporary exhibitions at over 250 U.S. museums to identify which living artists received the most institutional attention. The list includes over 4,500 names, with Indigenous contemporary artists dominating the top ranks: Cara Romero and Sky Hopinka remain highly visible, joined by Jeffrey Gibson and Andrea Carlson. Cindy Sherman appears in at least 10 group shows nationwide, while Alex Katz continues as a rare painter favored by museums at age 97. The ranking prioritizes career retrospectives, dedicated exhibitions, and special commissions over group show appearances.