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.

Venice Diary Day 1: At the Giardini, Artists Refuse to Make Fascism Cozy

Henrike Naumann's posthumous installation at the German Pavilion, which retains its 1938 Nazi-era fascist architecture, refuses to make the space 'cozy' by adorning windows with violently ripped domestic fabrics. The 2026 Venice Biennale is the first under president Pietrangelo Buttafuoco, associated with neo-fascist politics, and is overshadowed by controversy over his 'neutrality' policy allowing all countries to participate despite human rights concerns. The exhibition jury initially announced it would not consider pavilions from countries whose leaders are charged with crimes against humanity, then abruptly quit, leaving the situation unresolved. The US Pavilion features unimpressive blobs by Alma Allen, while the Russian Pavilion offers cut flowers and free vodka, and Andreas Angelidakis responds to fascist aesthetics at the Greek Pavilion.

Pleasure, parody and propaganda: rethinking the art of illustration in a new history of the genre

D.B. Dowd's new book "Reading Pictures" offers a sweeping 400-page history of illustration, tracing the genre from the Diamond Sutra frontispiece in Tang China (AD868) to Molly Crabapple's Gaza reports in 2015. The book examines key works such as Jules Chéret's 1891 poster for the Alcazar d'Été Club, Stuart Davis's caustic covers for The Masses, and Duong Ngoc Canh's Vietnamese propaganda poster, arguing that illustrations are meant to be "read" rather than admired like museum paintings.

May Book Bag: from a guide on entering the art world to a publication about artists influenced by Ovid’s Metamorphoses

The May Book Bag article from The Art Newspaper reviews four new art-related publications. It covers "Metamorphoses: Ovid and the Arts," edited by Francesca Cappelletti and Frits Scholten, which examines Ovid's influence on Western art through works by artists like Titian, Caravaggio, and Louise Bourgeois. Other featured books include Hettie Judah's "How to Enter the Art World," a practical guide for emerging artists; "Derrick Adams: Prints," showcasing the artist's printmaking from 2019-2025; and "Whistler's Legacy" by Daniel Sutherland, which explores the legacy of James Abbott McNeill Whistler through his close associates.

Nahmad Seeks to Reopen Modigliani Restitution Case With New Witnesses

David Nahmad's lawyers are asking a New York court to reconsider its April 3 decision in the restitution case over Amedeo Modigliani's *Seated Man with a Cane* (1918), which awarded the painting to the estate of dealer Oscar Stettiner. They cite new eyewitness testimony from Frédéric Allain, who recalls a different Modigliani—smaller, darker, and without a seated man or cane—hidden by the Van der Klip family in Paris during World War II, suggesting the wrong painting may have been the focus of the case. The filing also references a 1946 report describing the missing work as a self-portrait and a new catalogue raisonné by Marc Restellini that finds no link between the painting and Stettiner. Mondex, representing Stettiner's heirs, rejects the claims, asserting that *Seated Man with a Cane* bears Stettiner's name and was in the family's possession from 1944 to 1996.

Treasures From Matthew Perry’s Estate Head to Auction for a Good Cause

Heritage Auctions will sell a trove of artifacts from Matthew Perry's estate starting June 5, including scripts and memorabilia from the sitcom *Friends*, artworks by Banksy and Mel Bochner, and personal items like a 3D portrait of his invented superhero "Mattman." Proceeds benefit the Matthew Perry Foundation, a nonprofit focused on ending addiction stigma and expanding access to evidence-based care, founded after the actor's death in 2023.

‘We are complicit’: Austrian artist Florentina Holzinger’s immersive Venice Biennale pavilion brings apocalypse to the city

Austrian artist Florentina Holzinger has created 'Seaworld Venice,' an immersive and confrontational installation for the Austrian Pavilion at the 2024 Venice Biennale. The work explores climate change, technology, and a dystopian flooded future, drawing comparisons to the 1995 film 'Waterworld'—though neither Holzinger nor curator Nora-Swantje Almes had seen it. Known for extreme performance art involving nudity, blood, live piercing, and heavy machinery, Holzinger's previous works have caused audience members to faint or require medical treatment. The pavilion marks a significant platform for her radical, hybrid practice that blends theatre, dance, opera, and performance art.

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.

Women behind the lens: ‘After state massacres, I began burning the prints as an act of mourning’

Iranian-Canadian visual journalist and artist Parisa Azadi describes her process of creating protest photographs during the 2022 Iranian revolution from exile in Dubai. Unable to return to Iran, she used open-source protest footage from social media, isolating frames and printing them with a Fujifilm instax camera to transform ephemeral digital images into physical objects. In January 2026, after state massacres and executions, she began burning these prints as an act of mourning, scarring their surfaces to echo the violence they depict.

After His Untimely Death, Rutherford Chang’s Survey Rewrites What a Square Can Do

Rutherford Chang, who died last year at age 45, is the subject of a posthumous survey at UCCA Center for Contemporary Art Beijing titled "Hundreds and Thousands." The exhibition centers on Chang's socially engaged works that explore value, circulation, and systems through the deceptively simple form of the square. His best-known piece, "We Buy White Albums" (2013–25), involved amassing roughly one percent of the first pressing of the Beatles' "White Album," highlighting how objects accrue personal and economic worth through use and history. Other works include melting 10,000 copper pennies into a cube and assembling Wall Street Journal portraits from 2008 into a grid that captures a year of crisis and change.

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.

Lucas Museum Aims to Tell the History of Storytelling via 1,200 Objects

The Lucas Museum of Narrative Art in Los Angeles has announced details of its inaugural exhibitions, set to open on September 22, 2026. Founded by filmmaker George Lucas and his wife Mellody Hobson, the museum will feature over 1,200 objects across 30 galleries, tracing the history of visual storytelling from ancient sculptures to Renaissance paintings, photography, comics, and manga. The collection draws from Lucas's personal trove of more than 40,000 works of illustrator art, including pieces by N.C. Wyeth, Norman Rockwell, Frank Frazetta, Beatrix Potter, and Jack Kirby, as well as large-scale murals and photography by artists like Judy Baca and Dorothea Lange. The museum, designed by Ma Yansong of MAD Architects, also includes archives of Lucas's film sets, props, and costumes.

Statue with Banksy signature of man blinded by flag appears in London

A new statue bearing Banksy's signature has appeared in Waterloo Place, central London, depicting a man marching forward with a large flag obscuring his face. The elusive artist has not yet confirmed the work, though he typically posts confirmation on his website after public discovery. The statue stands near monuments to Edward VII and Florence Nightingale, and follows Banksy's previous sculptural works like *The Drinker* (2004) and recent murals addressing homelessness and protest.

Nancy Holt review – cosmic thrills as the universe’s hidden power is unleashed

The Guardian reviews a major UK exhibition of land artist Nancy Holt (1938-2014) at Goodwood in West Sussex, the largest show of her work to date. The exhibition features two large outdoor installations—Ventilation System, a metallic tubular structure resembling building lungs, and Hydra’s Head, six concrete pools arranged like the Hydra constellation in a chalk quarry—alongside indoor photographs, diagrams, and light works. The review praises the cosmic scale and bodily connection of the outdoor pieces but finds the indoor works less effective at conveying Holt’s themes of universal vastness and interconnectedness.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

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.

Newsmakers: Nalini Malani Lets the Walls Speak with a New Installation in Venice

Nalini Malani's latest installation, *Of Woman Born*, opens at the Magazzini del Sale in Venice during the Venice Biennale. Commissioned by the Kiran Nadar Museum of Art, the work projects hand-drawn animations onto the crumbling brick walls of a 15th-century salt warehouse, creating a cave-like environment where images flicker like ancient cave paintings. The installation draws on tens of thousands of drawings and incorporates mythology, literature, and sound, with a central focus on the myth of Orestes to explore themes of violence, displacement, and gender politics. Malani has also extended her recurring 'Skipping Girl' figure across Venice via posters and public signage to guide viewers to the exhibition.

Sharjah Biennial Lines Up 109 Artists for 2027 Edition, Titled ‘What Remains, Sits Restive’

Towering homage to Bamiyan Buddhas rises over Manhattan’s High Line

A new public sculpture by Vietnamese American artist Tuan Andrew Nguyen has been installed on the High Line Plinth at Hudson Yards in Manhattan. Titled "The Light That Shines Through the Universe" (2026), the 27-foot-tall sandstone monument pays homage to the Buddhas of Bamiyan, the 6th-century colossi destroyed by the Taliban in 2001. The work features carved sandstone forms with two monumental steel hands cast from melted-down artillery shells sourced from Afghanistan, making gestures of fearlessness and compassion. It will remain on view through autumn 2027 and is accompanied by monthly lectures and meditation sessions.

Final book in trilogy asks: What is the future of the art world?

Cultural strategist András Szántó has published the third and final volume of his trilogy on the future of museums, titled *What Is the Future of the Art World?*. The book features dialogues with a wide range of art-world figures—including gallerists José Kuri and Atsuko Ninagawa, collectors Alain Servais and Sylvain Levy, artists William Kentridge and Holly Herndon & Mathew Dryhurst, curator Fatoş Üstek, network scientist Albert-László Barabási, former Art Basel director Marc Spiegler, and Sheikha Al-Mayassa Al Thani—who discuss topics such as the definition of the art world, its rules, and its future trajectory. Szántó notes that there is no consensus on whether the art world is still expanding or entering a phase of slowdown, with different regions moving on divergent paths.

Is A Random Unknown Artist More Valuable Than Picasso? AI Thinks So.

An experiment using a custom AI model to evaluate artistic value independent of market context found that the model assigned a seven-figure price to an unknown street artist's work while valuing a Picasso at under $1,000. The project, run by an art journalist with a data scientist and an AI expert, trained a Fine Art Large Vision Model on millions of images and price data. Without metadata like artist name or gallery affiliation, the model's predictions were technically interesting but commercially useless; only when those market signals were added did predictions align with real auction outcomes.

Who Were the Best-Selling Old Masters at Auction in 2025?

The article reports on the best-selling Old Master paintings at auction in 2025, highlighting Canaletto's *Venice, the Return of the Bucintoro on Ascension Day*, which sold for $43.8 million at Christie's—three times the next-highest Old Master price. Other notable sales include a $7.55 million triptych of Jesus performing miracles by an unknown 15th-century artist, noted for its exceptional condition and quality.

Venice Biennale’s Prize Ban on Israel and Russia Falls Short for Critics

The jury of the 2026 Venice Biennale has ruled that Israel and Russia will be ineligible for the Golden and Silver Lion prizes, citing International Criminal Court charges of crimes against humanity against their leaders. The decision follows years of activism and political pressure, with the European Union withdrawing €2 million in funding from the event in protest of Russia's participation. While groups like Art Not Genocide Alliance praised the move as an unprecedented step, critics argue it falls short of a full ban on participation. Israel's artist representative, Belu-Simion Fainaru, condemned the policy as discriminatory, and an open letter signed by 70 artists and curators called for excluding all regimes committing war crimes, including the United States.

The Tabloids Are Fouling Mayor Mamdani Over His Knicks Art. Here’s the Story

Artist Tom Sanford loaned his hand-painted wooden "Knicks Cutout" portraits of legendary New York Knicks players to New York City Hall at the invitation of Mayor Zohran Mamdani, intended to celebrate the team's playoff run. Tabloid media, including the New York Post and New York Times, framed the gesture as a "curse" on the team, suggesting fans blamed the mayor for the Knicks' losses. Sanford defends the artwork as a sincere, community-driven tribute rooted in New York street-corner cutout traditions, not a cheap stunt.

Vancouver Biennale names senior curator for 2027-29 edition

The Vancouver Biennale has appointed Marcello Dantas as senior curator for its 2027-29 edition. Dantas, a Brazilian curator and art director, has worked on major projects including co-curating Desert X AlUla in Saudi Arabia, curating an Es Devlin exhibition in São Paulo, and serving as art director at Sfer Ik in Tulum. He previously contributed to the Vancouver Biennale's 2013-15 edition with a Vik Muniz project. Dantas emphasizes collaboration with local First Nations and community groups, and plans to explore themes of belonging, displacement, and public art that is ephemeral and participatory.

Antony Gormley sculpture quietly removed and sold off by UK council

Kent County Council, led by the Reform party, has removed and sold Antony Gormley's early public sculpture 'Two Stones' (1979-81) from outside the Kent History and Library Centre in Maidstone. The council sold the work back to the artist himself in a private sale to raise funds, citing severe financial pressures and a need to avoid increasing costs for residents. The council's most recent accounts valued the work at £859,000, but the final sale price remains confidential.

South Korean ceramic artist Jongjin Park wins 2026 Loewe Foundation Craft Prize.

South Korean ceramic artist Jongjin Park has won the 2026 Loewe Foundation Craft Prize for his piece "Strata of Illusion" (2025), a partially-collapsed seat-like form made from paper and coated in porcelain slip. The award comes with a €50,000 ($58,700) prize, and Park's work will be exhibited alongside other shortlisted entries at the National Gallery Singapore, opening tomorrow and running through June 14.

The tiniest event can tear a hole. Sara MacKillop by Margaret Kross

Sara MacKillop's exhibition "The Cutaway View" at Good Weather in Chicago presents sculptures made from humble analog materials like blank wall calendars, empty shopping bags, and gift wrapping. The London-based artist alters these objects with minimal interventions—such as surgically cut holes in shopping bags to accommodate vinyl records—drawing attention to the ephemera and texture of retail culture. Her series "Calendar Houses" (2021–ongoing) uses archive boxes and wall calendars to create miniature modernist dwellings that critique systems of order and self-optimization.

Billboards celebrating peace will arrive in L.A. as part of the Broad's Yoko Ono exhibit

Yoko Ono will install seven digital billboards across Los Angeles bearing peace messages like "THINK PEACE" and "IMAGINE PEACE," as part of her upcoming exhibition "Yoko Ono: Music of the Mind" at the Broad museum opening May 23. The billboards echo her 1969 "WAR IS OVER!" campaign with John Lennon. Ancillary programming includes re-creations of her performance works "Cut Piece" (1964) and "Sky Piece to Jesus Christ" (1965), plus a concert series "Yoko Only" guest-curated by Yuka Honda featuring Yo La Tengo, Nels Cline, Sleater-Kinney, and others.

Meet four artists behind the public art you'll see at L.A. Metro's new D Line stations

L.A. Metro opened the first phase of its D Line extension on Friday, May 1, 2026, adding three new underground stations connecting downtown Los Angeles to Beverly Hills: Wilshire/La Brea, Wilshire/Fairfax, and Wilshire/La Cienega. The stations feature nine site-specific public artworks by artists including Mariana Castillo Deball, Eamon Ore-Giron, Ken Gonzales-Day, Todd Gray, Karl Haendel, Soo Kim, Fran Siegel, Susan Silton, and Mark Dean Veca. The competitive selection process began a decade ago, drawing over 1,200 applicants, with finalists judged by a panel of art professionals including curators from Miracle Mile museums. Metro deputy executive officer Zipporah Yamamoto leads the agency's public art program, which is funded by a 0.5% construction budget set-aside.