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Takashi Murakami opened his latest exhibition, “JAPONISME → Cognitive Revolution: Learning from Hiroshige,” at Gagosian New York, building on a 2024 presentation at the Brooklyn Museum. A second show, “Stepping on the Tail of a Rainbow,” opens later this month at the Cleveland Museum of Art, expanding on a 2022 iteration at the Broad in Los Angeles with new works and a monumental installation reimagining a Japanese Buddhist temple. In an interview with ARTnews, Murakami discusses his process of copying historical works—from Hiroshige’s ukiyo-e prints to Monet and Van Gogh—as a method of cultural excavation, incorporating UFOs as symbols of awareness.

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Artnet News's 'Wet Paint' gossip column reports from Frieze Week in New York, noting a prevailing cultural pessimism fueled by essays on the death of culture and the impact of the second Trump administration. Amidst this, Jeff Koons's 'Hulk Elvis' sculptures at Gagosian's Frieze booth (priced at $3 million each, with one sold) offered a perverse relief. The column also highlights the second edition of the Esther art fair at the Estonian House, described as an 'aura fair' prioritizing community and a welcoming environment over strict commercial focus, contrasting with the more predictable Frieze fair.

10 Practical Reasons We Need to Defend the National Endowment for the Arts

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President Donald Trump's administration has renewed efforts to defund the National Endowment for the Arts (NEA), proposing for the fourth consecutive year a budget that would zero out the agency. The Heritage Foundation, a conservative think tank that has staffed the current administration, continues to promote its 1997 report 'Ten Good Reasons to Eliminate Funding for the National Endowment for the Arts' as a key reference in debates. This article, originally published in 2020 and republished in response to these developments, systematically rebuts each of the Heritage Foundation's arguments against the NEA, beginning with the claim that private support alone is sufficient.

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Artnet News highlights nine must-see European museum exhibitions opening in 2025, spanning from Amsterdam to Zurich. Featured shows include Noah Davis's first U.K. museum survey at the Barbican in London, a dual Anselm Kiefer exhibition at the Van Gogh Museum and Stedelijk Museum in Amsterdam, Tracey Emin's first major Italian retrospective at Palazzo Strozzi in Florence, and a dedicated Artemisia Gentileschi show at Musée Jacquemart-André in Paris. Other notable exhibitions cover Marlene Dumas, Yayoi Kusama, and Yoshitomo Nara, among others.

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At the VIP opening of Frieze New York on Wednesday, dealers reported strong sales despite economic uncertainty from Trump administration policies and trade war threats. The fair, recently sold to Hollywood powerhouse Ari Emanuel, returned to the Shed in Hudson Yards with 67 exhibitors. Gagosian Gallery generated the most buzz, selling one of three Jeff Koons Incredible Hulk sculptures—polychromed steel works priced around $3 million each—and placing a hold on another. Other notable sales included works by Tuan Andrew Nguyen, Tomie Ohtake, Sheila Hicks, Liza Lou, and Gertrude Abercrombie, with galleries like James Cohan, Galeria Nara Roesler, Thaddaeus Ropac, Karma, and Hauser & Wirth reporting brisk business.

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The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

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Days before a Louise Nevelson sculpture was to be auctioned at Sotheby’s in May 2022, Pace Gallery founder Arne Glimcher declared the work inauthentic, claiming it was assembled by the artist’s son, Mike, rather than by Nevelson herself. The consigner, the estate of collector Hardie Beloff, has now sued Pace Gallery in US District Court for Eastern Pennsylvania, alleging that Glimcher deliberately sabotaged the sale to protect Pace’s control over Nevelson’s market. The lawsuit centers on Glimcher’s call to Sotheby’s, where he warned the work would not be included in a forthcoming catalogue raisonné, and on a 1993 appraisal in which he had valued the same sculpture at $85,000 without questioning its authenticity.

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Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.

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Sotheby's held a landmark evening auction on November 8 featuring 31 works from the collection of Emily Fisher Landau, a noted art patron who amassed around 1,200 works over 102 years. The sale achieved $406.4 million, surpassing its pre-sale estimate of $344.5–$430.1 million and becoming the most valuable auction dedicated to a female collector in history. Highlights included Pablo Picasso's *Femme à la montre* (1932), which sold for $139 million—the second-highest price for a Picasso at auction—and record-breaking results for Agnes Martin's *Grey Stone II* ($18.7 million), Mark Tansey's *Triumph Over Mastery II* ($11.8 million), and Jasper Johns's *Flags* (1986) ($41 million). Other notable sales included works by Cy Twombly, Ed Ruscha, and Andy Warhol's portrait of Landau.

Georg Baselitz obituary

Georg Baselitz, the German painter and sculptor known for his provocative, expressionistic works and his iconic upside-down paintings, has died at the age of 88. The article traces his life from his childhood in war-torn Germany, through his early career as a rebellious artist in divided Berlin, to his rise as an international art star. It highlights his 1961 manifesto poster "Pandemonium I," his rejection of American abstraction, and his controversial 1963 exhibition that was raided by police for its explicit content.

Marian Goodman’s Prized $65 Million Collection Lands at Christie’s

Christie’s has announced the sale of the private collection of the late legendary art dealer Marian Goodman, who passed away in January at age 97. Estimated to bring in approximately $65 million, the collection is headlined by a group of significant works by Gerhard Richter, an artist Goodman championed for four decades. The centerpiece of the auction is Richter’s 1982 painting "Kerze (Candle)," which carries a high estimate of $50 million and will lead a series of dedicated sales in New York this May.

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Robert Mnuchin, an investment banker turned prominent art dealer, died at 92 in Bridgewater, Connecticut. After a 33-year career at Goldman Sachs, he opened C&M Arts in 1992, later partnering with Dominique Lévy to form L&M Arts, and eventually running Mnuchin Gallery. He represented major artists like Willem de Kooning, Andy Warhol, and Mark Rothko, and advised billionaires including Steve A. Cohen and Mitchell Rales. Notably, in 2019 he secured Jeff Koons's sculpture *Rabbit* (1986) for Cohen at Christie's for $91 million, a record for a living artist at auction.

‘I am very decisive’: designer Jennifer Gilbert on what she collects and why

Designer, entrepreneur, and philanthropist Jennifer Gilbert, based in Detroit, is selling select works from her contemporary art and design collections at Sotheby's in New York this spring to fund the opening of her own cultural space, Lumana, in Detroit's Little Village neighborhood. Highlights include Joan Mitchell's 1976 canvas *Loom II* (est. $5m-$7m) and Kenneth Noland's 1958 *Circle* (est. $4m-$6m), with proceeds supporting new generations of artists and institutions. Gilbert, who serves on the boards of Cranbrook Academy of Art and BasBlue, recently featured works from her collection in the exhibition *Seen/Scene* at the Shepherd art space.

5 Under-Recognized Artists Getting Their Due in New York This Season

The article highlights five under-recognized artists whose exhibitions are on view in New York this season, focusing on Domenico Gnoli at Lévy Gorvy Dayan and Raquel Rabinovich at Hutchinson Modern and Contemporary. Gnoli, an Italian painter who died in 1970, is known for his pallid, claustrophobic depictions of everyday subjects, while Rabinovich, who died at 102 in January 2026, created somber minimalist paintings exploring silence and withholding. The piece notes that New York galleries often use the pre-fair period to showcase less prominent artists of great promise.

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The 15th edition of Expo Chicago, scheduled for April 9–12, marks a significant transition as the fair's first outing under new director Kate Sierzputowski and its third since being acquired by Frieze. The upcoming edition features a streamlined roster of approximately 130 galleries, a 25 percent decrease from previous years. While blue-chip giants like Gagosian and Zwirner are absent, the fair maintains a strong lineup including Karma, Michael Rosenfeld Gallery, and local mainstays like Monique Meloche, complemented by satellite events and a high-profile benefit directed by Maurizio Cattelan.

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Vancouver-based collector Bob Rennie and his family have donated 24 significant contemporary artworks to the National Gallery of Canada in Ottawa. The gift features a major installation by Kerry James Marshall titled 'Wake' (2003–25), alongside works by Brian Jungen, Jin-me Yoon, and 17 pieces by Christopher Williams, marking the latter's debut in the museum's permanent collection.

Paint Drippings: Art Industry News November 21

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The Philadelphia Museum of Art has appointed Daniel H. Weiss, former head of the Metropolitan Museum of Art, as its new director and CEO to provide stability following the controversial dismissal of Sasha Suda. The transition occurs amid a legal battle, with the museum filing court documents alleging Suda misappropriated funds and falsified records. Meanwhile, the auction market saw a historic moment at Sotheby’s, where Gustav Klimt’s 'Portrait of Elisabeth Lederer' sold for $236.4 million, setting a new record for the artist and becoming the most expensive Modern work ever sold at auction.

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Israeli artist Doron Langberg is launching his first New York exhibition in seven years at Jeffrey Deitch’s Tribeca gallery, marking a significant shift in his practice. Known primarily for "New Queer Intimism" and domestic portraits, Langberg’s new body of work pivots toward monumental landscapes that grapple with his Jewish identity and the destruction in Gaza. The exhibition features works inspired by his family’s Holocaust history in Ukraine, used as a lens to process current geopolitical violence.

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The art world saw significant roster changes and leadership appointments this week, including Roberts Projects announcing representation of Esmaa Mohamoud and Cristin Tierney adding Debbi Kenote. Notable institutional moves include Charles Chemin being named Artistic Director of the Watermill Center and Julia Siemon stepping into a newly created Deputy Director role at the Bard Graduate Center. Additionally, the mid-season auction market showed unexpected strength, highlighted by Jeff Koons’s 'Winter Bears' selling for $7.6 million at Christie’s.

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A series of significant developments occurred across the global art industry this week. Expo Chicago announced a scaled-back edition under new director Kate Sierzputowski, while the Outsider Art Fair revealed its exhibitor list. A long-lost Renaissance portrait by Sofonisba Anguissola resurfaced at the Winter Show. Christie's will sell the collection of the late MoMA trustee Barbara Jakobson, featuring works by Jeff Koons and others. Bonhams made a key hire, and Sotheby's priced a major art-backed securitization. In gallery news, Alissa Friedman returned to Salon 94, Mary Cork joined Lehmann Maupin London, and several artists gained new representation, while New York's Francis Irv gallery announced its closure.

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Artnet Pro's 'The Asia Pivot' newsletter previews the 2026 Asian art market, highlighting a hopeful recovery after signs of improvement in late 2025. Key events include Art SG in Singapore (hosting S.E.A. Focus for the first time), the inaugural Art Basel Qatar in February, and Art Basel Hong Kong in March. Auction houses will align spring sales with these fairs. The article also notes regional shifts: South Korea's Art Asia partners with KINTEX for a new fair in India, Hong Kong's Kwai Fung Hin opens in Singapore, and Shanghai's Antenna Space expands to Hong Kong. Japan's Prime Minister Sanae Takaichi meets with artist Takashi Murakami to promote culture abroad, while geopolitical tensions with China threaten cultural exchanges.

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Artnet News editors and journalists compiled their annual roundup of the best artworks seen in 2025, highlighting standout pieces from around the world. Among the featured works are Richard Serra's monumental steel sculpture "East-West/West-East" (2014) in the Qatari desert, Emma Ferrer's painting "You Will Return the Evil to Its Steppe (Homage to Josefa de Óbidos)" (2024) shown at New York's Sapar Contemporary, and Kerry James Marshall's "The White Queens of Africa: Colette" (2025) from his retrospective at the Royal Academy of Art. Each artwork is accompanied by a personal reflection from the journalist who encountered it.

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Rosemarie Trockel, the elusive German artist known for her wildly varied and conceptually challenging work, is the subject of a rare profile in ARTnews. The article traces her emergence from the 1980s Cologne art scene, where she became notorious for refusing interviews and producing art that defies easy categorization—spanning knitting machines, video, sculpture, and drawing. A key photograph from her teenage years, showing her in a room plastered with celebrity cutouts, is presented as a rare origin story, though its authenticity is left ambiguous. The piece highlights her declared constants of "woman, inconsistency, reaction to fashionable trends" and her insistence that art should remain a process of discovery rather than a vehicle for fixed meaning.

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Miami Art Week 2025 is set to be a major destination for collectors and art enthusiasts, featuring a packed schedule of fairs, gallery shows, museum exhibitions, and public art installations across Miami Beach. Key highlights include the Pop Art survey at the Margulies Warehouse showcasing works by Warhol, Lichtenstein, and Johns; the Rubell Museum's first solo survey of Thomas Houseago; a site-specific installation by Igshaan Adams at the ICA Miami; and Jack Pierson's exploration of Miami's influence on his work at the Bass.

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Artnet News reports that David Hockney's 1968 double portrait *Christopher Isherwood and Don Bachardy* sold for $44.3 million at Christie's on November 17, becoming the artist's third-most expensive work at auction. The painting had previously failed to sell at Sotheby's in 1985, bought in at $570,000. Artnet's reporting revealed that the Christie's catalogue omitted the name of Andrew Crispo, a once-prominent New York dealer, from the painting's provenance. The article details Crispo's meteoric rise from a troubled youth in Philadelphia to a savvy art dealer who championed American Modernism, his important clients including Baron Hans Heinrich Thyssen-Bornemisza, and his dramatic fall due to tax fraud, a prison sentence, and the IRS seizure of his inventory.

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Maurizio Cattelan's 18-karat gold toilet sculpture, *America* (2016), sold at Sotheby's New York for $12.1 million to Ripley's Believe It or Not!, the entertainment franchise known for oddities. The work, consigned by hedge-fund manager Steve Cohen, was auctioned from the Breuer Building and drew long viewing lines. Despite a playful bidding process led by auctioneer Phyllis Kao, the final price fell short of Cattelan's auction record of $17.2 million set by *Him* (2001) at Christie's in 2016.

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Thaddaeus Ropac, a major European blue-chip gallery, opened its seventh location in Milan in January 2025, occupying a prime palazzo previously home to Massimo de Carlo and Peres Projects. The inaugural exhibition pairs Georg Baselitz and Lucio Fontana in a show titled "L’aurore viene." The move has reignited debate about whether Milan is finally poised to become a contemporary art capital, despite past false starts and the city's stronger identity as a fashion and design hub.

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Ripley’s Believe It or Not! has been revealed as the buyer of Maurizio Cattelan’s 18-karat gold toilet sculpture “America” (2016), which sold for $12.1 million at Sotheby’s “Now & Contemporary” auction on November 18, 2025. The work, consigned by billionaire collector and Mets owner Steve Cohen, hammered at $10 million after a single bid, just above the value of its raw gold. Sotheby’s had previously only identified the buyer as a “Famous American Brand.” Ripley’s announced the acquisition on Instagram, calling it the most valuable object in its collection and noting plans for public display, possibly allowing visitors to sit on the fully functional toilet.

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Top 200 Collector Steven A. Cohen has been revealed as the consignor of Maurizio Cattelan's golden toilet sculpture, *America* (2016), which will be auctioned at Sotheby's on November 18. The work, made of 18-karat gold and weighing over 100 kilograms, was purchased from Marian Goodman Gallery in 2017. It will be displayed in a bathroom at Sotheby's Breuer Building before the sale, with a starting bid expected around $10 million based on the price of its weight in gold. The piece has a notable history: one version was exhibited at the Guggenheim Museum, offered to the Trump White House as a loan alternative to a van Gogh painting, and another was stolen from Blenheim Palace in 2019, making Cohen's the only extant version.

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Sotheby's is auctioning Maurizio Cattelan's solid gold toilet, titled "America" (2016), during its November evening sale at the Breuer Building in New York. The 18-karat, 100-kilogram functional toilet will be on view from November 8, though visitors will not be allowed to use it. The starting bid will be determined by the work's weight in gold, estimated around $10 million. The piece was previously exhibited at the Guggenheim Museum in 2016, where over 100,000 visitors used it, and at Blenheim Palace in the UK, where it was infamously stolen in a smash-and-grab heist and never recovered. Sotheby's will accept cryptocurrency for the sale, following the precedent set by Cattelan's banana artwork last year.