Picasso or Bitcoin? How art’s status is changing among the super-rich

Christie's and Sotheby's reported nearly flat first-half 2025 sales of $2.1bn and $2.2bn respectively, with Christie's 20th/21st-century art sales down 2% but luxury up 29%. The Mei Moses Art Index shows over 50% of auction lots sold at negative compound annual returns, which analyst Michael Moses calls 'the worst overall financial performance in the 21st century.' Meanwhile, Bitcoin, gold, and stocks have significantly outperformed art, with BlackRock's Bitcoin ETF alone attracting $84bn—far exceeding the global art market's total value. A record $43.9m Canaletto sale to a Bezos-linked buyer underscores that top-tier works still command attention, but the broader trend suggests wealthy investors are prioritizing financial returns over art as a status symbol.

A New Contemporary Art Triennial Sets Its 2026 Debut in New York, and Other News

Medina, New York will host its inaugural contemporary art triennial in 2026, running from June 6 to September 7 across more than a dozen indoor and outdoor venues along the Erie Canal. The event will feature over 50 local, domestic, and international artists with site-responsive commissions, and a Medina Triennial Hub will open this September with programming in collaboration with Western New York arts institutions. Initiated by the New York Power Authority and the New York State Canal Corporation, the triennial is co-directed by Kari Conte and Karin Laansoo. In other news, Sotheby's RM will host a major Formula 1 auction titled 'The Champions – Schumacher and F1 Legends' from July 24–30; the Bakehouse Art Complex in Wynwood, Miami plans to build 60 affordable artist apartments; and artist Khaled Sabsabi has been reinstated as Australia's representative for the 2026 Venice Biennale after an external review found Creative Australia mishandled his withdrawal.

In Seine-Saint-Denis, the clever housing for migrants by architect Patrick Rubin

En Seine-Saint-Denis, les logements futés pour les migrants de l’architecte Patrick Rubin

Architect Patrick Rubin of the firm Canal has transformed the former National Road Information Center, known as Bison Futé, in Rosny-sous-Bois (Seine-Saint-Denis) into a housing complex for 169 migrants. The project, commissioned by social landlord Batigere Habitats Solidaires, preserves the original 1986 half-moon building by Ludwik Peretz and Gilbert Delecourt, adding a new floor and a rear half-crown structure. Rubin used 79 prefabricated modules (17–25 m² each), built in workshops near Lyon, each equipped with a bed, kitchenette, bathroom, and window. Inspired by ship cabin manufacturing in Dunkirk and traditions of tiny houses and capsule hotels by Charlotte Perriand, Herman Hertzberger, and Shigeru Ban, the modules were craned into place. The project faced delays due to differing tolerances between concrete and wood construction, pushing delivery from early 2026 to late 2026.

Mexico City: El Desagüe by Luis Ortega Govela

Francis Alÿs’s 1997 performance piece, *Paradox of Praxis I*, serves as a starting point for an exploration of Mexico City’s violent hydrological transformation. By pushing a block of ice through the streets until it evaporates, Alÿs retraces the vanished canals of Tenochtitlán, the Aztec capital that was systematically drained by Spanish colonizers to establish a terrestrial, European-style urban grid.

A Venezia sta aprendo un nuovo Palazzo delle Arti e delle Culture grazie alla Fondazione Giancarlo Ligabue. L’intervista

A new Palazzo delle Arti e delle Culture – Collecto is opening in Venice at Palazzo Erizzo Ligabue, a 15th-century palace on the Grand Canal. The initiative, spearheaded by Inti Ligabue (45), son of the late paleontologist and entrepreneur Giancarlo Ligabue, will open to the public from May 7 to May 24, 2026, offering guided tours of a collection of over 400 pieces spanning from 4.5-billion-year-old fossils to contemporary works by artists such as Arcangelo Sassolino, Nico Vascellari, and Giorgio Andreotta Calò. The project builds on the Fondazione Giancarlo Ligabue, established in 2016 from the original Centro Studi founded in 1973, and will feature a residency by artist Marta Spagnoli.

Linocuts by Eduardo Robledo Celebrate Mexican Heritage and Community

Eduardo Robledo, a Mexico City-based artist from Xochimilco, creates detailed linocuts that celebrate Mexican heritage, community, and spiritual motifs. His work features traditional symbols like skulls, skeletons, and Sacred Hearts alongside regional animals and cultural references such as Xochimilco's canal boats. Robledo also engages in social activism through printmaking, viewing it as a democratic medium for spreading messages about causes he supports. His prints are available at Hecho a Mano in Santa Fe, and he co-founded Lugar de Huida, a gallery in Mexico City that highlights Mexican printmakers.

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David Oyelowo and Ava DuVernay are reuniting for a new thriller film titled "Heist of Benin," more than a decade after their Oscar-winning collaboration on "Selma." The film is set in modern-day London and described as a thriller that intertwines art, love, and restitution. DuVernay will direct from a screenplay by Jesse Quiñones, based on an original idea. Oyelowo will star and produce under his Yoruba Saxon banner, with Studiocanal financing and distributing. The project was announced during Canal+’s ORIGINAL+ presentation in Paris.

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Belgian fashion designer Dries Van Noten and his partner, chef Patrick Vangheluwe, have acquired the historic 15th-century Palazzo Pisani Moretta on Venice’s Grand Canal to establish the Fondazione Dries Van Noten. The nonprofit foundation, set to open in April 2026 just before the 61st Venice Biennale, will host exhibitions, residencies, and events dedicated to the art of craftsmanship, blending traditional techniques with modern forms like AI and 3D printing. The 43,000-square-foot palazzo, known for its Carnival masquerade balls and film appearances, contains artworks by Tiepolo and was sold only to a buyer with a strong stewardship plan.

In Venice, the Wagner Museum changes status

À Venise, le Musée Wagner change de statut

The Wagner Museum in Venice, currently a discreet institution housed within the Casino di Venezia in the Ca' Vendramin Calergi palace on the Grand Canal, is set to join the network of the Fondazione dei Musei Civici di Venezia (MUVE) by 2027. An agreement signed in March 2025, after thirty years of discussions, between MUVE, the Casino, and the Richard Wagner Association will make the museum the fourteenth institution under MUVE's management, alongside the Museo Correr, Ca' Pesaro, and the Museo Fortuny. The museum, established in 1995 in the rooms where Richard Wagner stayed and died in 1883, holds significant collections including the Josef Lienhart and Walter Just collections, making it one of the most important private Wagnerian collections outside Bayreuth, Germany.

'a little theater of life': JR weaves monumental tapestry of community care in venice

French artist JR has unveiled a monumental tapestry titled 'Il Gesto' in Venice, a contemporary interpretation of Veronese's 'The Wedding at Cana'. The large-scale work is suspended above the Grand Canal as a kinetic installation, transforming the city's waterways into a choreography of silk, light, and movement. The piece is part of the broader programming surrounding the 61st Venice Art Biennale.

‘Embrace of the Earth’: Rajib Ahasen’s debut solo exhibition opens at AFD

Rajib Ahasen's debut solo exhibition, 'Embrace of the Earth', opened on April 24, 2026, at La Galerie, Alliance Française de Dhaka (AFD). The show features around 36 works in watercolour and acrylic, rooted in the artist's memories of rural Bangladesh and his transition to urban life. Scenes of earthen roads, canals, riverbanks, and agrarian life dominate the collection, reflecting a personal narrative shaped by observation and recollection. Ahasen, who earned a Mawlana degree from a Qawmi madrasah in 2014 without formal fine arts training, has previously participated in national and international exhibitions including the Friendship Art Exhibition and Kahal International Art Fair.

New U of A gallery to host unseen work opening in 2027

The University of Alberta (U of A) is renovating the Telus Centre on its campus to create a new gallery space called The Kenneth and Sandra Wong Gallery, with an estimated opening in 2027. The gallery will display works from the university's 30 registered collections, which include art, scientific specimens, and historical artifacts, such as the Southern Inspection Scroll from the MacTaggart Art Collection—a 100-foot-long survey of the Grand Canal from 1770 that will be shown for the first time in Canada.

Holyoke artists turn canal history into 'Waterpower' exhibit at City Hall

Two Holyoke artists, Natasha Colón Ortiz and Lora McNeece Barrett, have created a new exhibition titled 'Waterpower' at City Hall, featuring paintings inspired by the city's historic three-level canal system. The show, which includes original works by both artists, will open with a reception on May 1, 2025. Colón Ortiz and Barrett, who once shared a teacher-student relationship, now collaborate as colleagues after being recommended by residents in response to Mayor Joshua A. Garcia's call for ideas to revitalize the mayor's office space.

'Daring' new gallery to open with aim of making art ‘accessible to everyone’

A new art gallery called Future Rebel Art Gallery is set to open on Canal Street in Stourbridge, UK, founded by local artist Cal. Housed beneath the vintage store Grandad’s Attic opposite the Bonded Warehouse, the space aims to display contemporary and thought-provoking works from artists aged 17 to 70, including sculptures, mixed media, audio-visual art, and interactive pieces. All works will be for sale, and the gallery plans to host around five exhibitions per year, each running for ten weeks. The opening on August 23 will feature food, drinks, live music, and creativity.

Artists celebrate ‘overlooked beauty’ of Severnside town

An art exhibition titled 'overLOOKed' opens tomorrow at Luggs Farm in Sharpness, Gloucestershire, featuring works by eight artists inspired by the Sharpness Dock area. Curated by mixed media artist Lynda Knott, the show runs from Thursday until Bank Holiday Monday and is part of the Severn Vale Art Trail, supported by the Canal and River Trust. Artists include Angela Williams, Clare Stephens, Grant Sonnex, Lynda Knott, Nick Quirke, Martin Clarke, Shirley Sharp, and Zachary Knott, with a guided 'Mindful Photography' walk scheduled for May 2nd.

TROPICAL HYPERSTITION A SPACE OF MEMORY AND RESISTANCE AT THE BIENNALE DI VENEZIA 2026

Panama will present its second National Pavilion at the 2026 Venice Biennale, featuring a large-scale installation and performance titled 'Tropical Hyperstition' by the artistic duo Antonio José Guzmán and Iva Jankovic (Mensajeros del Sol). The project, curated by Ana Elizabeth González and Mónica Kupfer, is organized by Panama's Ministry of Culture and several cultural foundations.