The article profiles billionaire Greek Cypriot collector Dakis Joannou, focusing on his superyacht *Guilty*, painted by Jeff Koons in dazzle camouflage, and his Deste Foundation's project space on Hydra. It describes the 2023 group show "Dream Machines," co-curated by Daniel Birnbaum and Massimiliano Gioni, featuring works by Koons, Andro Wekua, Mire Lee, and others, and includes an interview with Joannou about the yacht's design and his art collection.
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.
Expo Chicago 2025 wrapped on Sunday with upbeat energy and larger crowds than usual, thanks to a scheduling change that allowed VIPs earlier access. The fair, now in its second edition under Frieze ownership, featured 170 exhibitors, a new magazine with artist profiles of Caroline Kent and Nick Cave, and a partnership with KIAF and the Galleries Association of Korea that brought 20 Korean galleries. Dealers reported healthy sales, including a sold-out presentation by Jaylon Hicks at Maximilian Williams gallery, with works priced from $3,000 to $20,000. Frieze leaders attended major events, signaling continued commitment to Chicago nearly two years after acquiring the fair.
A rediscovered 16th-century portrait by Sofonisba Anguissola, titled *Portrait of a Canon Regular* (1552), is being shown at the Winter Show at the Park Avenue Armory in New York. The painting was found in a private collection in Durham, North Carolina, after being known only through an old black-and-white photo at the Frick Art Reference Library. Old Master dealer Robert Simon is acting as the owners' agent, and the work is priced at $450,000.
The New Art Dealers Alliance (NADA) has appointed Vancouver-based independent curator Kate Wong to organize the Curated Spotlight section of its upcoming Miami fair. Wong, formerly a curator at MOCA Toronto and founder of SITE Toronto, selected five galleries and nonprofit spaces—including EFA Robert Blackburn Printmaking Workshop, Spill 180, El Consulado, Romance, and Southside Contemporary Art Gallery—to highlight emerging artists. The fair runs December 2 at Ice Palace Studios, concurrent with Art Basel Miami Beach.
Christie's, Sotheby's, and Bonhams held Old Masters auctions in London, with Christie's achieving a record £31.9 million ($43.7 million) sale for Canaletto's *Venice, the Return of the Bucintoro on Ascension Day* (circa 1732), more than half the sale's total of £60.8 million. The painting, once owned by Robert Walpole, set a new auction record for the artist. Sotheby's evening sale brought in £14.5 million, with J.M.W. Turner's rediscovered *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol* (1792) selling for £1.9 million, seven times its estimate. However, mid-market paintings struggled, and the Bristol Museum and Art Gallery failed to acquire the Turner despite fundraising £109,000.
Long-Sharp Gallery has opened a new online and in-person exhibition titled "Warhol's 1950s Printmaking: The Blotted Line" at the Conrad Indianapolis, showcasing a curated selection of Andy Warhol's early blotted line drawings from the 1950s. These works, which combine drawing and printmaking, feature motifs ranging from florals to figuration and were kept by Warhol after their creation, with provenance from his Estate. Gallery owner Rhonda Long-Sharp discusses the significance of these pieces, including a favorite work, *Roses* (ca. 1956), and shares insights into Warhol's personal history and artistic development.
TEFAF New York 2026 is set to feature a stronger contemporary art presence, signaling a shift in the fair's traditional focus on Old Masters and antiques. The event will expand its contemporary offerings, attracting a broader range of galleries and collectors.
Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.
Frieze New York 2026 closed its 15th edition at The Shed on May 17, drawing 25,000 visitors from 75 countries and featuring 68 galleries from 26 countries. The fair reported strong sales across market levels, including seven-figure transactions such as El Anatsui's *LuwVor I* sold by White Cube for $2.2 million and Georg Baselitz's *Stunde der Nachtigall* sold by Thaddaeus Ropac for €1.4 million. The inaugural Sherman Family Foundation Acquisition Fund enabled acquisitions by the Brooklyn Museum and the Baltimore Museum of Art, with works by Bettina, Reika Takebayashi, Seba Calfuqueo, and Joanne Burke. Several galleries, including Johyun Gallery and James Cohan, reported sold-out or near-sell-out booths.
New York Art Week 2026 featured major art fairs including Frieze New York at The Shed, which drew 25,000 visitors from 75 countries and launched the Sherman Family Foundation Acquisition Fund, placing works by four artists into the Brooklyn Museum and Baltimore Museum of Art. TEFAF New York at the Park Avenue Armory presented over 90 international galleries across historic period rooms, while satellite fairs Independent, NADA New York, and 1-54 Contemporary African Art Fair offered focused alternatives. Auction houses Sotheby's, Christie's, and Phillips opened free spring sale previews featuring highlights such as Roy Lichtenstein's 'Anxious Girl' and the Lewis Collection.
Vanity Fair's Nate Freeman reports on New York's spring art season, where auction houses are poised to sell at least $2.6 billion in art alongside major museum exhibitions (Raphael at the Met, Duchamp at MoMA, Matisse at Acquavella) and the opening of Frieze New York at The Shed. The article follows the social and commercial frenzy, highlighting a David Shrigley gong installation at Anton Kern Gallery's booth and the enduring dominance of New York, where nearly 90% of U.S. art sales occur.
Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.
On Saturday, 2 May 2026, Hauser & Wirth Downtown Los Angeles hosted 'Learning Exchange: Artists Matter,' a gathering focused on how artists can build mentorship pathways, strengthen community partnerships, and expand arts access for young people. The event featured a conversation between Senior Director of Learning Debbie Hillyerd and artist Mark Bradford, who discussed his socially engaged practice, followed by testimonials from two young learners from the nonprofit Culture for One. The program marked the gallery's 10th anniversary of learning programs in Los Angeles and was held alongside the exhibition 'Destiny Is a Rose: The Eileen Harris Norton Collection.'
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.
An unauthorized documentary about mega-gallerist Larry Gagosian is in the works, directed by Barry Avrich, who previously helmed the Netflix hit "Made You Look: A True Story About Fake Art." Titled "Shadow Man: Inside The Secret World of Larry Gagosian," the film promises to feature former employees and artists sharing insider stories about Gagosian's empire. Avrich has a track record of documentaries on high-profile figures, including Lew Wasserman and Harvey Weinstein.
This article is a sales listing for Damien Hirst's sculpture "Hands in Prayer (Coral)" (2010), a limited-edition bronze work from his series "Treasures from the Wreck of the Unbelievable." The piece is offered by Kristy Stubbs Gallery in Dallas, Texas, priced at $225,000. The listing includes details about the work's materials, dimensions, edition number (2/3), and condition, along with a biography of Hirst highlighting his career as a Young British Artist, his major exhibitions at institutions like Tate Modern and the National Gallery of Art, and his record-breaking auction sales.
Art Basel has announced new program highlights for its flagship fair in Basel this June, including a new initiative called Basel Exclusive. Developed in dialogue with galleries, Basel Exclusive requires participating exhibitors from the main Galleries sector to reserve at least one major work—or an entire presentation—from all pre-fair previews, online viewing rooms, and pre-sales, unveiling them publicly for the first time during the VIP opening on June 16. The fair also revealed the lineup for Unlimited, its platform for large-scale works, which will feature 59 projects by 66 international galleries, curated for the first time by Ruba Katrib of MoMA PS1. Unlimited Night returns on June 18 with extended hours and special performances.
A hand-signed offset lithograph poster by Ed Ruscha, created for the 2012 "Reading Ruscha" exhibition at the Kunsthaus Bregenz in Austria, is available for sale. The poster features an iconic 1971 photograph of the artist by Jerry McMillan and is noted for its rarity, with Ruscha having signed fewer than 50 copies for the institution.
The Los Angeles art scene is preparing for a major surge of activity anchored by the return of Frieze Los Angeles to the Santa Monica Airport from February 26 to March 1. The week features a dense schedule of satellite fairs including the inaugural West Coast edition of Indianapolis’s Butter Fine Art Fair, the boutique Post-Fair in a historic Art Deco post office, and the poolside Felix Art Fair at the Hollywood Roosevelt. Major gallery presentations include James Turrell at Pace, Sam Gilliam at David Kordansky, and a high-profile opening for Christina Quarles at Hauser & Wirth.
A rare 1988 vintage silkscreen exhibition poster by Peter Halley, published for his show at Jablonka Galerie in Cologne, has surfaced on the secondary market. The work is notably hand-signed and dedicated by the artist to fellow artist Bill Radawec, distinguishing it from standard mass-produced exhibition ephemera. Halley, a central figure of the 1980s Neo-Geo movement, is recognized for his 'cell' and 'conduit' paintings that critique social and technological structures.
Gagosian is set to expand its footprint at 980 Madison Avenue by opening a new ground-floor gallery space on April 25, 2026. The inaugural exhibition features a landmark presentation of Marcel Duchamp’s iconic readymades, including "Fountain" and "Bicycle Wheel." This selection specifically highlights the 1964 editions produced with Arturo Schwarz, returning these works to the exact building where they made their American debut at the Cordier & Ekstrom Gallery over sixty years ago.
Gagosian is set to inaugurate its new ground-floor gallery space at 980 Madison Avenue with a major exhibition of Marcel Duchamp’s work, opening April 25, 2026. The presentation features the artist’s iconic 1964 readymade editions, including "Fountain" and "Bicycle Wheel," returning them to the exact historic location where they made their American debut at Cordier & Ekstrom Gallery sixty years prior. The show coincides with a major Duchamp retrospective at the Museum of Modern Art, New York.
Michael Armitage is the subject of a major solo retrospective at Palazzo Grassi in Venice, marking his largest exhibition in Europe to date. Organized by the Pinault Collection, the show features monumental paintings that blend African identity, local Kenyan chronicles, and mythological narratives. Armitage’s work is noted for its physical scale and its ability to transform the chaos of human affairs into a syncretic epic, utilizing traditional materials like Lubugo bark cloth to ground his contemporary subjects.
Sotheby’s recently concluded its spring marquee auctions in Hong Kong, generating a combined total of HK$711.8 million ($91.2 million). The sales were anchored by the success of Joan Mitchell’s 'La Grande Vallée VII,' which sold for $17.6 million, and achieved a nearly 100 percent sell-through rate by value. The performance was bolstered by the auction house's new 'Maison' headquarters, a dual-level retail and exhibition space that attracted over 44,500 visitors in the lead-up to the sales.
The British artist Tracey Emin’s 2015 monotype titled "Sunday Morning with You" has been listed for sale through Carolina Nitsch Contemporary Art. The unique work on Somerset paper, priced at $25,000, exemplifies Emin’s signature confessional style and intimate draftsmanship.
Galerie has curated a selection of eight essential solo gallery exhibitions across the United States for April, highlighting diverse practices from New York to Los Angeles. Key features include David Smalling’s debut at Templon, where he employs Old Master techniques to critique gender expectations and social hierarchies, and Zhang Huan’s first New York solo show in over a decade at 125 Newbury, which pairs his legendary 1990s performance documentation with his signature incense ash paintings.
Hong Kong's major auction houses—Christie's, Sotheby's, and Phillips—concluded their March sales series with strong results, demonstrating resilience in the Asian art market. The sales were characterized by a high sell-through rate, robust bidding, and a notable shift towards collecting driven by deep knowledge and passion rather than pure speculation.
Joan Mitchell’s diptych "La Grande Vallée VII" sold for HK$137 million (US$17.6 million) at Sotheby’s Hong Kong, setting a new record for the most expensive work by a female artist ever sold at auction in Asia. The 1983 masterpiece, part of a celebrated 21-painting cycle dedicated to a grieving friend, led a successful Modern and Contemporary Evening Auction that saw a 100% sell-through rate for its 54 lots. Other notable results included a Mark Rothko canvas that more than doubled its low estimate and significant sales for works by Sanyu and Zao Wou-Ki.
Art Basel Hong Kong 2026 opened with a renewed sense of optimism, featuring 240 galleries and a significant emphasis on the Asia-Pacific region. The VIP preview saw a surge in attendance primarily from regional collectors across mainland China, Taiwan, Korea, and Southeast Asia, signaling a robust recovery for the local market. While international travel remains a factor, the fair's success is increasingly driven by a localized ecosystem of younger collectors and long-term public investments in cultural infrastructure like the M+ museum.