70 million giacometti flops at sothebys as demand for trophy art softens 2644144

The top lot of Sotheby's May auction season in New York, Alberto Giacometti's bronze sculpture *Grande tête mince (Grande tête de Diego)* (1955), estimated at $70 million, failed to sell on Tuesday night. The work was consigned by the Soloviev Foundation, set up by Stefan Soloviev, son of late mega-collector Sheldon Solow, and was offered without a financial guarantee, a risky strategy that backfired when no bidders emerged. Auctioneer Oliver Barker made several chandelier bids before declaring the lot unsold at $64.2 million, shocking the packed salesroom.

by the numbers christies 21st century sale edges out estimate aided by bounty of guarantees 2645323

Christie’s 21st-century art sale on Wednesday achieved $96.5 million in total sales, a 20 percent increase over the same sale last year. The auction featured 43 lots, with four withdrawn before the sale, and a sell-through rate of 83.7 percent (92.3 percent after withdrawals). The top lot was Jean-Michel Basquiat’s *Baby Boom* (1982), which sold for $23.4 million. The sale was heavily supported by guarantees—24 lots were guaranteed, including 18 with third-party guarantees—accounting for 75 percent of the total presale low estimate. Auctioneer Yü-ge Wang faced cautious bidding, prompting playful remarks as collectors tested lower increments.

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Anne Imhof, the German artist known for her provocative multimedia performances, is presenting new bronze relief sculptures at the TEFAF art fair (May 9–13) at New York's Park Avenue Armory, the same venue where her performance "DOOM: House of Hope" recently premiered. The works, which debuted in her 2024 exhibition "Wish You Were Gay" at Kunsthaus Bregenz, mark a shift from her signature tech-infused performances to sculptural forms inspired by ancient Greek friezes and Renaissance reliefs. Priced at €250,000 each, the bronzes depict intertwined nude figures, skulls, animals, and apocalyptic imagery, reflecting themes of love, death, and the afterlife.

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TEFAF New York returns to the Park Avenue Armory from May 9–13, 2025, featuring 91 exhibitors from around the world. The fair presents a broad range of modern and contemporary art, jewelry, antiquities, and design, with highlights including an untitled canvas by Shirley Jaffe at Galerie Nathalie Obadia, a ceramic bird sculpture by Guidette Carbonell at Lebreton Gallery, a Roman marble head of a bearded god at Charles Ede, and design pieces such as Zaha Hadid's Liquid Glacial coffee table at David Gill Gallery and Josef Frank's 'Flora' chest of drawers at Modernity Stockholm. The event also includes curated displays in the venue's historic period rooms, a feature unique to this fair.

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Expo Chicago opened on Thursday at Navy Pier Festival Hall, featuring 20 exhibitors from South Korea in partnership with the Galleries Association of Korea. The fair, acquired by Frieze in 2023 alongside the Armory Show, balances regional character with an increasingly international feel. In the 'Exposure' section spotlighting emerging artists, New York-based Palo Gallery devoted its booth to New Orleans artist Auudi Dorsey (b. 1992). By opening day, Dorsey's painting *Rumble* (2025), depicting a Black boxer, sold for $14,000. The work belongs to his 'Gunslinger' series, named after the Louisiana State Penitentiary's boxing team and inspired by boxer Clifford Etienne. Dorsey's booth, designed with wood-like wallpaper to evoke boxing gyms, drew praise. His recent group show at the San Francisco Museum of Modern Art, 'In The Game: Sports, Art, Culture,' and a forthcoming solo exhibition at Palo Gallery, 'Southern Whips' (opening May 15), underscore his rising profile.

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The Gwangju Biennale has appointed Singaporean artist Ho Tzu Nyen as artistic director for its 2026 edition, marking a departure from its tradition of selecting world-renowned curators. Ho, known for his films exploring Asia's evolving identity, previously organized the 2019 Asian Art Biennale and represented Singapore at the 2011 Venice Biennale. The biennial hinted that the 2026 edition will focus on art's power to drive change, with Ho emphasizing a collaborative approach that resonates with Gwangju's legacy of democratic transformation.

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Christie’s will auction Jean-Michel Basquiat’s 1982 painting *Baby Boom* with an estimate of $20–$30 million during its May 14 sale of 21st-century art in New York. The work, which depicts three figures thought to be the artist and his parents, was first shown in a landmark 1982 exhibition at Fun Gallery and later appeared at Lévy Gorvy gallery in 2017 with a $30 million price tag. Its seller at that time was collector Peter Brant.

‘It smells like my ranch!’ Diva of dirt Delcy Morelos and her amazing 30-tonne earthworks

The article profiles Colombian artist Delcy Morelos and her immersive earthwork installations, focusing on two major works: 'The Womb Space' in Mexico City, which has drawn over 60,000 visitors in its final month, and 'Origo', a new 24-metre-wide outdoor pavilion opening at the Barbican in London. Morelos creates vast soil sculptures sourced from specific regions, evoking sensory experiences of smell, touch, and memory, and invites visitors to contemplate their connection to the earth. The piece includes her reflections on Andean cosmovision, the sacredness of nature, and her 14-year artistic inquiry into soil as a humble yet life-sustaining material.

Female nudity and art that stinks: key takeaways from Venice Biennale 2026

The 2026 Venice Biennale opened with 99 participating countries, including first-timers Somalia and Qatar, under the shadow of curator Koyo Kouoh's death. Her planned theme of "enhancement" and the main show "In Minor Keys" were disrupted by political protests: Pussy Riot objected to Russia's inclusion, and a strike against Israel's participation forced several national pavilions (UK, Austria, France) to close. Key takeaways include pervasive female nudity across pavilions, debates over Russia's presence, criticism of the US pavilion's lackluster art, maritime themes dominating several shows, and the rise of olfactory art.

Thousands of Strips of Silk Undulate in Kenny Nguyen’s ‘Deconstructed Paintings’

Kenny Nguyen, a Vietnamese-born artist based in Charlotte, North Carolina, creates large-scale wall works using thousands of hand-cut strips of silk. Drawing on his background in fashion design, he employs techniques like pinning, weaving, sewing, and layering to produce what he calls “deconstructed paintings.” Each piece is built around an imaginary body, with creases and undulating forms that evoke movement. Though the works appear fixed, they are malleable—their shape changes depending on pin placement during installation. Nguyen’s work is currently on view in the group exhibition *Textile Art Redefined* at Saatchi Gallery in London.

Adelaide Biennial of Australian Art 2026 Review: Up Close and Personal

The 2026 Adelaide Biennial of Australian Art, titled 'Yield Strength,' features 24 artists across three venues, curated by Ellie Buttrose. The exhibition explores resilience under political and social pressures, with works like Erika Scott's fused assemblages from discarded domestic items, Jennifer Matthew's steel construction that manipulates visitor movement, and Nathan Beard's silicone arms critiquing exoticization of Thai culture. The title borrows an engineering term for the point at which materials transform under stress, reflecting the show's focus on art that strains formal boundaries without breaking.

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In March 2025, major auction houses, particularly in London, achieved strong sales despite the month typically being quiet. Christie’s and Sotheby’s sold ten high-value lots, led by Jean-Michel Basquiat’s *Sabado Noche* (1984) at £8.4 million ($14.5 million). A standout result was M.F. Husain’s *Untitled (Gram Yatra)* (1954), which sold for $13.75 million at Christie’s New York, marking the first time an Indian Modern artwork exceeded $10 million at auction. Other notable sales included works by René Magritte, Yoshitomo Nara, Francis Bacon, Tamara de Lempicka, Amedeo Modigliani, Paul Delvaux, Michael Andrews, and Lisa Brice.

At TEFAF New York, the Masterpiece Market Had Plenty to Celebrate

TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.

Review. VARIOUS OTHERS 2026

The 2026 edition of VARIOUS OTHERS in Munich featured a tightly curated program of exhibitions across participating galleries, institutions, and artist-run spaces. For the first time, the event awarded the "VARIOUS OTHERS Prize" (VO Award) to both a gallery and an off-space: Gallery Sperling and space n.n. won for their respective exhibitions. Notable presentations included solo shows by Paola Siri Renard at nouveaux deuxdeux, Milena Muzquiz at Galerie Rüdiger Schöttle, and a dual exhibition at Knust Kunz Gallery Editions featuring Robert Motherwell and Merce Cunningham. Museum Brandhorst also opened the "Carrying" project with works by international artists.

Our Highlights From Frieze New York 2026

Frieze New York 2026 took place from May 13 to 17 at The Shed in Manhattan, featuring nearly 70 galleries. Highlights included Cindy Sherman’s new photographs at Hauser & Wirth (many sold on preview day, with Leonardo DiCaprio visiting), the Focus section curated by Lumi Tan and sponsored by Stone Island, and the Frame section where Diedrick Brackens’ woven works were acquired by the Brooklyn Museum. Frieze Sculpture at Rockefeller Center, curated by Brett Littman, showcased 14 international artists including Nick Cave and Hank Willis Thomas. Mapuche artist Seba Calfuqueo won the Focus Stand Prize for hair-centered works exploring feminism and indigenous heritage.

FAD News: Major museum acquisitions and strong sales drive Frieze New York 2026

Frieze New York closed its 15th edition at The Shed with strong sales, major museum acquisitions, and 25,000 visitors from 75 countries. The fair featured 68 galleries from 26 countries and launched the inaugural Sherman Family Foundation Acquisition Fund, enabling the Brooklyn Museum and Baltimore Museum of Art to acquire works by Bettina from Ulrik, Reika Takebayashi, Seba Calfuqueo, and Joanne Burke. Notable sales included El Anatsui works for $2.2 million and $1.9 million at White Cube, a Georg Baselitz painting for €1.4 million at Thaddaeus Ropac, and a James Turrell light work in the $900,000–$1 million range at Almine Rech. Latin American representation grew to 14 galleries, and the Focus section curated by Lumi Tan drew strong institutional attention.

Theatre, production, performance: fashion invests in art

Fashion houses like Chanel are increasingly investing in contemporary art, not merely as inspiration for prints or patterns but as a strategic tool for brand positioning and cultural credibility. Gallery owner Tristan Paprocki, who recently opened a Milan space with partner Guido Romero Pierini, notes that brands now seek out emerging artists to demonstrate foresight and support new talent. Chanel has collaborated with Berlin's Hamburger Bahnhof museum for large-scale installations by artists such as Klára Hosnedlová and Lina Lapelytė, and has announced ten artists for the third edition of its Next Prize 2026, including Bárbara Sánchez-Kane, Pan Daijing, and Álvaro Urbano. These artists work across fashion, sculpture, and performance, blurring the lines between clothing and contemporary art.

Figurative Painter Solo Exhibitions

The Lisa Yuskavage exhibition has opened at David Zwirner's 533 West 19th Street location in New York, running from May 14 through June 26, 2026. The show features new and recent paintings, works on paper, and a body of collages made on green Color-aid paper, incorporating pastel, egg tempera, gouache, and pasted elements. Many paintings expand on the theme of the artist's studio, with recurring figures appearing across compositions. This marks Yuskavage's tenth solo exhibition with David Zwirner, twenty years after her first show with the gallery in 2006. The exhibition follows her first comprehensive museum presentation of works on paper, 'Lisa Yuskavage: Drawings,' at The Morgan Library and Museum in New York from June 2025 through January 2026.

Iris Van Herpen’s Groundbreaking Work Presented in New Exhibit at Brooklyn Museum

The Brooklyn Museum opens "Iris Van Herpen: Sculpting the Senses," a mid-career retrospective of the Dutch fashion designer known for pioneering 3D-printed garments. The exhibition, which originated at the Musée des Arts Décoratifs in Paris in 2023, features over a decade of van Herpen's work, including her first 3D-printed garment from 2010, pieces worn by celebrities like Lady Gaga, Björk, and Beyoncé, and new works such as an algae dress grown from 125 million living organisms. Organized by senior curator Matthew Yokobosky, the show spans eleven themes exploring van Herpen's fusion of traditional craftsmanship with technology, science, and nature.

A Time of Transition

During the preview week of the 61st Venice Biennale, escalating protests targeted the national pavilions of Israel and Russia, with demonstrations by Pussy Riot, ANGA (Art Not Genocide Alliance), and Baltic pavilions. A major protest on May 8 drew over 3,000 people in solidarity with Palestine, and 27 national pavilions—including Austria, the Netherlands, France, and Japan—staged a strike, the first at the Biennale since 1968. The Golden Lion jury resigned after declaring they would not consider countries under ICC investigation (Israel and Russia), and the Biennale administration replaced the prize with a visitors' award, from which half the artists in the main exhibition have withdrawn.

FAD News: Trevor Paglen to co-curate Zero 10 at Art Basel Basel 2026.

Art Basel 2026 has announced that artist Trevor Paglen will co-curate the latest edition of Zero 10, the fair's global initiative dedicated to digital art, alongside digital art strategist Eli Scheinman. Making its debut at Art Basel's flagship Swiss edition, Zero 10 will take over the Event Hall on Messeplatz from June 17–21, 2026, with a Preview Day on June 16. The expanded presentation will feature 19 exhibitors showcasing artists working at the forefront of digital, generative, and media-based practices, and is themed "The Condition," examining life within algorithmic systems and AI. Highlights include works by Hito Steyerl, Avery Singer, Andreas Gursky, Vera Molnar, Ryoji Ikeda, John Gerrard, and Rafael Lozano-Hemmer, presented by galleries such as Hauser & Wirth, Marian Goodman Gallery, Sprüth Magers, Esther Schipper, Almine Rech, bitforms gallery, Art Blocks, and HEK (Haus der Elektronischen Künste).

Art Basel announces Trevor Paglen as co-curator of Zero10’s Swiss edition

Art Basel has announced that artist Trevor Paglen and digital art strategist Eli Scheinman will co-curate the third edition of Zero10, the fair's initiative dedicated to digital art, at its flagship Swiss edition in Basel from June 17–21, 2026 (with a preview on June 16). The presentation will feature 20 exhibitors, including major galleries such as Hauser & Wirth, Marian Goodman, and Sprüth Magers, and will be freely accessible to the public in the Event Hall on Messeplatz. The curatorial theme, "The Condition," explores life in a world saturated by digital imagery, computational systems, and artificial intelligence, bringing together historical and contemporary voices across digital, generative, and media art.

Hube Guide: What to Do in New York During Frieze

Frieze Art Fair returns to New York from May 13th to 17th, 2026, at The Shed for its 15th edition, featuring over 65 galleries from 26 countries. The fair emphasizes Latin American practices and includes a Focus section curated by Lumi Tan highlighting younger galleries and experimental works. Notable presentations include Reika Takebayashi’s ecological dreamscapes, Bruno Cançado’s meditations on Brazilian vernacular architecture, and Abraham González Pacheco’s graphite works. Beyond the fair, performances and installations extend to institutions like the Whitney Museum of American Art and Dia Art Foundation. The article also previews concurrent exhibitions: "Costume Art" at the Metropolitan Museum of Art (May 2026–January 2027), a David Hammons and Jannis Kounellis show at White Cube (May 1–June 13, 2026), and Carol Bove’s exhibition at the Guggenheim (March 5–August 2, 2026).

FAD News: Serpentine x FLAG Art Foundation Prize Announces Star-Studded Selection Committee

The Serpentine x FLAG Art Foundation Prize has announced its selection committee for the inaugural award, the largest contemporary art prize in the UK given to a single artist. The five-person jury includes Michelle Kuo (Chief Curator at Large and Publisher at MoMA), Venus Lau (director of Museum MACAN), Hans Ulrich Obrist, Jon Rider, and artist Rirkrit Tiravanija. The committee met in London on 23rd April to select the first recipient, who will be announced on 12th May. The prize awards £200,000 biennially over ten years, totaling £1 million across five artists, with each recipient developing a new body of work culminating in exhibitions at Serpentine in London and The FLAG Art Foundation in New York.

How Detroit’s Art Scene Is Ushering in a New Chapter for the City

Detroit's art scene is experiencing a resurgence, marked by the reopening of the Museum of Contemporary Art Detroit (MOCAD) after an eight-month renovation. The museum, now renamed the Julia Reyes Taubman Building, unveiled four new exhibitions, including a career survey of local artist Olayami Dabls titled "Olayami Dabls: Detroit Cosmologies," his first solo museum show in over 40 years. The reopening follows a 2020 reckoning over toxic workplace allegations, leading to the appointment of co-directors Jova Lynne and Marie Madison-Patton, who have refocused the institution on accessibility, civic engagement, and local contemporary art.

Russia's 2026 Venice Biennale Will Not Open to the Public, and Other News.

Russia's pavilion at the 2026 Venice Biennale will be closed to the public for nearly the entire run of the exhibition (May 9–November 22), with access limited to a brief preview period for press and invited guests. Instead of physical access, visitors will experience the pavilion's project—titled 'The Tree Is Rooted in the Sky'—via video documentation displayed on exterior screens. The arrangement is widely seen as a compromise shaped by international sanctions and political backlash over Russia's return following its absence after the 2022 invasion of Ukraine. In other news, Matthieu Blazy unveiled his first Chanel cruise collection in Biarritz; San Francisco appointed Matthew Goudeau as its first-ever executive director of arts and culture; the Saudi Arabia Museum of Contemporary Art received a $490 million construction grant from Diriyah Company; and online auction sales grew 8 percent in 2025, generating $423.9 million.

Brazilian women bring Latin American art to the New York collector circuit.

Two Brazilian women, Fernanda Mazzuco and Luciana Solano, run Art in Brackets, a consultancy and art advisory firm based in New York. For the first time, they have opened a public exhibition space on Walker Street in Tribeca, featuring a collective show centered on the African diaspora and transatlantic connections. The exhibition includes works by artists such as Santídio Pereira and Madalena dos Santos Reinbolt, with prices ranging from $3,800 to $140,000. The company, founded in 2022, connects collectors with Brazilian and Latin American artists, operating as 'wall curators' in partnership with various galleries.

The Dallas Art Fair: A Balance Of Growth And Consistency

The Dallas Art Fair (DAF), founded in 2009 by developer John T. Sughrue and curator Chris Byrne, concluded its eighteenth edition this past weekend. Director Kelly Cornell, who started as an intern and became director in 2016, has strengthened partnerships with the Dallas Museum of Art, Nasher Sculpture Center, and Dallas Contemporary, while securing sponsors like Bank of America. The fair has grown from 35 to over 90 galleries, though it still lacks mega-galleries like Gagosian, Hauser & Wirth, David Zwirner, and Pace. International participation this year included about 20 galleries, with notable names such as Perrotin, Anat Egbi, and Hesse Flatow, while galleries from Germany and China were absent.

Los Angeles Art Scene Overview

Los Angeles

The Los Angeles art scene is experiencing a significant transformation as major blue-chip galleries like Gagosian and PaceWildenstein expand their presence in the city. This shift is driven by the influx of entertainment industry wealth and a growing interest from Hollywood figures, despite a historically smaller collector base compared to New York. Key institutional developments include Eli Broad's financial interventions to stabilize MOCA and fund new building schemes at LACMA.

K-POP, FUNGI, AND TERRACE RAVES: Art Basel Hong Kong 2026

Art Basel Hong Kong 2026 commenced against a backdrop of global economic uncertainty and geopolitical tension, yet the city's local scene demonstrated remarkable resilience. The week was characterized by a surge of grassroots activity, including the debut of three alternative art fairs and the opening of several new gallery outposts. Key highlights included the launch of GOLD, a cross-disciplinary salon in Wong Chuk Hang, and the expansion of Shanghai’s Antenna Space into the city, signaling a shift toward more flexible, community-oriented art spaces.