south korea president orders major arts investment

South Korea President Yoon Suk-yeol has announced a $3.7 billion fund to support film, TV, art, and cultural projects, along with plans to transform the historic presidential residence Cheong Wa Dae (Blue House) into a cultural complex modeled after France's Palace of Versailles. The initiative aims to boost the country's cultural sector ahead of major art events including Frieze Seoul, Kiaf fairs, and the Busan Biennale. President Yoon also directed that state-owned art collections, including 23,000 works from the late Samsung Group chair Lee Kun-hee, be made accessible through nationwide tours, and that government art purchases prioritize works by disabled and emerging artists.

maura brewer money laundering art

Maura Brewer, a Los Angeles-based artist and academic, creates video works that expose the role of art in money laundering. Her 2021 piece *Private Client Services* demonstrates the laundering process, while *Offshore* (2024) serves as a satirical guide for artists navigating global finance, featuring locations like the Cayman Islands and Geneva Freeport. Her ongoing project *Leverage* examines art-backed loans through the case of collector Daniel Sundheim. Brewer also works as a private investigator and recently lost her home in the Eaton Fire.

james rondeau returns as director of art institute of chicago following plane incident

James Rondeau is returning as director of the Art Institute of Chicago after taking a voluntary leave following an incident in April 2025 in which he reportedly undressed on a flight from Chicago to Munich. CBS News reported that police were called after a passenger—identified as Rondeau—stripped off his clothes, having consumed alcohol and prescription medication. The museum’s board conducted an independent investigation and expressed confidence in Rondeau’s leadership, allowing him to resume his role as President and Director on Monday. Rondeau issued a statement expressing regret and gratitude for the opportunity to continue his work.

metropolitan museum returns antiquities iraq robin symes

The Metropolitan Museum of Art has announced it will return three ancient sculptures to Iraq, collectively valued at $500,000. The objects include a Sumerian gypsum alabaster vessel (ca. 2600–2500 BCE) and two Babylonian terracotta sculptures (ca. 2000–1600 BCE) depicting a male and female head. The repatriation follows new information from an investigation into Robin Symes, a dealer accused of trafficking looted artifacts. The Manhattan District Attorney's Office reported that the Symes investigation has led to the seizure of 135 antiquities worth over $58 million, with two of the items seized by the Antiquities Trafficking Unit earlier this year.

cultural projects worth 6 13 billion were finished in 2024 a big drop from 2023 report

The 2024 Cultural Infrastructure Index (CII) reports a 17% drop in completed cultural projects (from 192 to 159) and a 29% decline in total cost, from $8.58 billion to $6.13 billion. However, the value of future projects announced in 2024 rose 47% to $8.32 billion, though the number of announced projects fell from 198 to 175, indicating fewer but more expensive buildings. The report, developed by AEA Consulting, tracks 334 large-scale cultural infrastructure projects worldwide, with museums and galleries remaining the most common building type. The U.S. led with 62 new facilities, while the Grand Egyptian Museum in Giza was the most expensive completed project at $1 billion, and the Metropolitan Museum of Art's new modern wing topped announced projects at $500 million.

collector questionnaire yu chi lyra kuo technology art

Yu-Chi Lyra Kuo, an entrepreneur, investor, and Harvard-educated lawyer, is profiled for her pioneering work at the intersection of frontier technology and art. A former Princeton academic and one of the youngest board members of the Shed in New York, Kuo began collecting art as a child with a jade gourd from her grandfather's museum of Asian carvings. She was an early entrant into blockchain in 2011, co-founded OpenSea 2.0, and now advises frontier tech companies like Orchid Health. Kuo believes technologies such as AI and robotics can enhance human creativity, enabling individualized artworks, autonomous creations, and robot performances, rather than replacing human cultural meaning.

art alex da corte artist whitney museum

Alex Da Corte, known for his dreamlike installations such as the Big Bird piece on the Met's roof, is taking on a new role as curator. He is co-organizing the Whitney Museum's upcoming Roy Lichtenstein exhibition with Meg Onli, the largest Lichtenstein show in New York since 1993. In a Q&A for Cultured's 2026 CULT100 honorees, Da Corte discusses his influences, including poet Miyó Vestrini and filmmakers Len Lye and Todd Haynes, and reflects on his six-year preparation for the show.

art diya vij commissioner zohran mamdani new york

Diya Vij has been appointed as the new commissioner of New York City's Department of Cultural Affairs, the largest municipal funder of culture in the United States. Vij, a 40-year-old arts administrator with experience at Powerhouse Arts, the High Line, Creative Time, and the Queens Museum, previously worked for the department from 2014 to 2018 under former commissioner Tom Finkelpearl. She now oversees a $300 million annual budget and a 50-person staff, tasked with sustaining artistic communities across the five boroughs amid federal funding cuts to the NEA and NEH.

art max hollein met museum interview

Max Hollein, director and CEO of the Metropolitan Museum of Art, discusses the institution's upcoming major projects in an interview with a chair of the Met's Vanguard Council. These include the groundbreaking of the new Tang Wing for Modern and Contemporary Art, designed by Frida Escobedo, a major Raphael exhibition, and the Met Gala co-chaired by Beyoncé. Hollein reflects on the launch of the Vanguard Council, a next-generation patron group, and the museum's efforts to engage younger audiences.

art world gallery dinner politics parties

Art-world insiders share their best and worst experiences at gallery dinners, from seating disasters and VIP-only food queues to intimate gatherings and haunted-house Halloween parties. Contributors include collectors, artists, curators, writers, and gallerists who recount memorable evenings hosted by figures like Jose Martos and White Cube, revealing the social dynamics that define these events.

art collector francis j greenburger omi awards

Francis J. Greenburger, a real estate developer, philanthropist, and literary agent, discusses his lifelong art collection and philanthropic initiatives in an interview with CULTURED. He recounts buying his first painting at age 14 for $25, navigating the 1970s SoHo art scene at Max's Kansas City, and founding the Francis J. Greenburger Awards in 1985 to honor under-recognized artists with a $12,500 prize. Greenburger also details his role at Art Omi, a nonprofit arts center in the Hudson Valley with a sculpture park, residency programs, and the upcoming Art Omi Pavilions project, which will offer 18 artists and collectors individual sites across 190 acres. He is also releasing a book, *Autobiography of a Skyscraper*, about Chicago's 1000M tower.

real estate investor carl gambino young collectors

Real estate investor Carl Gambino, who splits his time between New York, Los Angeles, and Miami, discusses his art collection and approach to collecting in an interview with Cultured. Gambino, who once considered flipping art but resolved to buy for keeps, shares his early mistake of buying under social pressure at a dinner in France, a decision that left him feeling sick. He credits Kim Hastreiter of Paper magazine and Marsea Goldberg of New Image Art for teaching him to buy only what he loves. His collection features emerging painters such as Alejandro Piñeiro Bello, Cynthia Talmadge, Tianyue Zhong, and Dennis Miranda Zamorano, and he supports exhibitions including a showing of LaKela Brown at the Museum of Contemporary Art Detroit.

guggenheim ycc party new york

The Guggenheim Young Collectors Council (YCC) hosted its 2025 party at the museum's New York rotunda, honoring Korean artist Ayoung Kim as the recipient of the LG Guggenheim Award. The event featured a multisensory experience with tarot readings, motion-capture avatars, a performance by YCC Artist Collaborator LaJuné McMillian using LG OLED technology, and a DJ set by Kito, drawing a crowd of artists, curators, and collectors including Naomi Beckwith, Ella Emhoff, Tschabalala Self, and Moses Sumney.

Designs for a Better Future

Entwürfe für eine bessere Zukunft

The Rimowa Design Prize has awarded its fourth edition to Samuel Nagel and Paul Feiler from the Schwäbisch Gmünd University of Applied Sciences for their bracelet "Nura," which translates sign language into spoken language and converts speech into written text. Other finalists include Jakob Schlenker's bird-shaped device to encourage movement in the elderly, Niklas Henning's harvesting system for restoring moors, Tobias Kremer and Yannick Stilgenbauer's inflatable cooling capsule for use without electricity, and Valerio Sampognaro's lightweight furniture that can both support and lift off. The exhibition runs until May 13 at the Berlin Kulturforum.

Almost Everything in the World Depends on This Substance

"Fast alles in der Welt hängt von dieser Substanz ab"

Artist Monira Al Qadiri presents her exhibition "Hero" at the Berlinische Galerie, focusing on oil tankers as central figures. The show explores the hidden violence and scale of the petroleum industry through a large wall painting of the supertanker Hero, miniature tankers with satirical names, and a video work depicting their destruction. Al Qadiri connects this to her long-term artistic investigation of oil's imagery and materiality.

Drones, Uncle Sam, and Grand Master Rafael: 10 Must See Exhibits This Spring

New York City’s museum landscape is entering a major spring season characterized by high-profile retrospectives, institutional reopenings, and the 82nd Whitney Biennial. Key highlights include a massive Raphael survey at the Metropolitan Museum of Art featuring over 200 works, the reopening of the expanded New Museum with a tech-focused exhibition on the future of humanity, and a major survey of sculptor Carol Bove at the Guggenheim. The season also features thematic shows exploring American folk art, Dutch Golden Age masterpieces, and the relationship between Frida Kahlo and Diego Rivera.

Poly Auction Hong Kong Spring Auctions 2026: High Jewels and Watches, Modern and Contemporary Art Auctions to Be Held on 6 April

Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.

Morad Montazami appointed artistic director of 2026 Dakar Biennale

Morad Montazami has been named the artistic director for the 16th edition of the Dakar Biennale, scheduled to run from November 19 to December 19, 2026. Titled "(Anti)Fragility: Arts of Repair and Counter-Shock Strategies," the exhibition will explore themes of community-led restoration and the transformation of vulnerability into collective strength. Montazami, a former Tate Modern curator and founder of the platform Zamân Books & Curating, brings an extensive background in postcolonial art histories and global modernisms to the prestigious African forum.

Centenary of Elizabeth II: Two colossal statues of the queen to be erected in London's St James's Park

Centenaire d’Elizabeth II : deux statues colossales de la reine seront érigées à Londres, dans St James’s Park

London has unveiled the final design and models for a colossal memorial to Queen Elizabeth II in St James's Park, to be completed by 2028. The centerpiece is a seven-meter bronze statue of the queen at age 28, inspired by a Pietro Annigoni portrait and created by sculptor Martin Jennings. It will be accompanied by a statue of Prince Philip by Jennings and a second, more intimate statue of the queen in old age by Karen Newman. The project marks the centenary of Elizabeth II's birth (1926–2022) and is designed by Foster + Partners. Models are on display at the British Museum until June 21.

V&A East targets young people

Le V&A East vise les jeunes

The Victoria and Albert Museum has opened a new branch called V&A East in Stratford, east London, within the former Olympic Park. The £135 million (€155.8 million) building, designed by O'Donnell and Tuomey, features 479 sand-colored concrete panels and houses around 500 objects from the V&A's collection across two permanent galleries titled "Why We Make." The museum opened on April 18 and is part of the East Bank cultural complex supported by the London municipality. It prioritizes local engagement and mediation tailored to attract younger audiences, with exhibitions addressing social justice and environmental themes.

Gilles Bloch: "The Museum needs 1.1 billion euros"

Gilles Bloch : « Le Muséum a besoin de 1,1 milliard d’euros »

Gilles Bloch, president of the Muséum national d’histoire naturelle in Paris, has issued an urgent call for €1.1 billion in funding to address the critical state of the institution's infrastructure. Ahead of its 400th anniversary in 2026, a diagnostic report reveals that 74% of the museum's 120 buildings are in poor condition, with several galleries currently closed to the public or suffering from inadequate climate control. The requested funds would cover €500 million in emergency repairs to stabilize decaying structures and a further €600 million for long-term modernization and energy efficiency upgrades.

Dartmouth Students Renew Efforts to Rename Leon Black–Funded Arts Center

Dartmouth College students have reignited a campaign to rename the Black Family Visual Arts Center, a campus facility funded by billionaire investor Leon Black. The movement, led by freshman Oscar Rempe-Hiam and supported by student government, criticizes the administration's lack of urgency in distancing the institution from Black, whose long-standing ties to Jeffrey Epstein and personal allegations of sexual misconduct have sparked years of controversy.

Comment | Flourishing markets beyond the big three will benefit the art ecosystem—and the planet

The article analyzes the shifting dynamics of the global art market, reporting that regions outside the traditional 'big three' hubs of the US, UK, and China have increased their market share from 17% in 2015 to 24% in 2025. This shift is driven by nationally protective regulations like Brexit and tariffs, which have stifled the free circulation of contemporary art. While the US market remains dominant at 44%, countries such as South Korea, Switzerland, Japan, and Australia have seen growth, and emerging cultural energy is noted in places like Bangkok, Warsaw, Margate, and Qatar.

‘Exclusion can only satisfy the ego’: Venice Biennale president hits out at critics amid Russia and Israel controversy

Venice Biennale president Pietrangelo Buttafuoco defended the institution against critics at a conference on May 6, three days before the public opening, amid controversy over Russia's return to the event for the first time since its 2022 invasion of Ukraine and ongoing disputes over Israel's participation. He accused critics of “narcissism” and “censorship,” while Italian culture minister Alessandro Giuli sent inspectors to investigate whether Russia's involvement breached sanctions; a report was submitted to Prime Minister Giorgia Meloni's office. Meanwhile, the Biennale faces legal threats from the artist representing Israel over alleged discrimination, and protests have erupted, including a demonstration by Art Not Genocide Alliance and a Pussy Riot action at the Russia pavilion.

Malaysia Showcases Recovered 1MDB Artworks, From Picasso to Miró

Four artworks recovered from the 1MDB scandal—by Picasso, Miró, Balthus, and Maurice Utrillo—have gone on public display for the first time at the Malaysian Anti-Corruption Commission headquarters in Putrajaya. The paintings were repatriated from New York after being traced through Sotheby’s and shipped back to Malaysia on April 14. They are part of a broader art trail linked to the massive financial fraud, with Malaysian officials framing the display as an act of restitution rather than an art event.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Seen a ghost? The eeriest images from Fotografia Europea – in pictures

Fotografia Europea, the international photography festival in Reggio Emilia, Italy, has opened with 20 exhibitions and related events under the theme 'ghosts of the moment'. The festival features works by artists including Tania Franco Klein, Giulia Vanelli, Felipe Romero Beltrán, and Salvatore Vitale, exploring themes of memory, migration, identity, and the unseen forces shaping contemporary life. The festival runs until 14 June 2026.

Texas Man Who Orchestrated $20 M. Crypto Scam Based on Fictitious Van Gogh and Picasso Masterpieces Sentenced to 23 Years in Prison

A Houston man, Robert Dunlap, was sentenced to 23 years in federal prison for orchestrating a $20 million cryptocurrency scam. Between 2018 and 2023, Dunlap defrauded nearly 1,000 investors by promoting a digital asset called “Meta-1 Coin,” falsely claiming it was backed by a $1 billion art collection featuring works by Salvador Dalí, Vincent van Gogh, and Pablo Picasso, as well as $44 billion in gold. He used forged legal and insurance documents to conceal that he owned neither the art nor the gold. A federal jury in the Northern District of Illinois convicted him on mail fraud charges in 2025, and US District Judge LaShonda A. Hunt imposed the sentence, also ordering restitution.

Inside the Inaugural Edition of Art Cologne Palma Mallorca

The inaugural edition of Art Cologne Palma Mallorca took place from April 9–12, 2026, attracting 88 galleries from 20 countries and over 10,000 visitors to the Mediterranean island. The fair, held at the Palau de Congressos Convention Centre, reported strong sales and sold-out weekend days, with Artistic Director Daniel Hug praising the high level of engagement and positive response from both exhibitors and attendees. A second edition has already been scheduled for April 1–4, 2027.

Pittsburgh Shows Off New Public Art Projects in Advance of NFL Draft

Pittsburgh has unveiled over 35 new public art installations across its downtown area in preparation for the influx of visitors for the NFL Draft. The projects, funded by the Pittsburgh Downtown Partnership, include light installations, murals, and window displays by local artists, designed to revitalize empty storefronts and underused blocks.