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Blum gallery, a powerhouse with locations in Los Angeles and Tokyo, is closing its brick-and-mortar operations after 31 years. Founded as Blum and Poe in 1994, the gallery laid off most of its staff and will transition to a flexible studio model with no permanent public space or formal artist roster. The gallery represents high-profile artists including Yoshitomo Nara and Mark Grotjahn, whose works have sold for over $10 million. Co-founder Jeff Poe left the partnership two years ago, leaving Tim Blum in control alongside managing partner Matt Bangser.

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Billionaire hedge funder and art collector Kenneth Griffin revealed he was the buyer of record-breaking copies of the Emancipation Proclamation and the Thirteenth Amendment, both signed by President Abraham Lincoln, at a Sotheby's New York auction. The Thirteenth Amendment sold for $13.7 million, more than five times the previous record, while the Emancipation Proclamation fetched $4.4 million. Griffin, founder of Citadel, is an avid collector of rare historical documents and high-value art, having previously purchased a copy of the U.S. Constitution for $43.2 million and major works by artists like Willem de Kooning, Jackson Pollock, and Jean-Michel Basquiat.

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At the Bitcoin 2025 conference in Las Vegas, crypto entrepreneur Justin Sun presented Maurizio Cattelan's artwork *Comedian* (2019)—a duct-taped banana that sold for $6.2 million at Sotheby's—to Ross Ulbricht, the founder of the Silk Road online marketplace. Ulbricht, recently pardoned by Donald Trump after receiving a life sentence, accepted the gift and joked about replacing the banana as it perishes. Sun had previously eaten the banana at a press conference in Hong Kong after purchasing it at auction.

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Albright College in Reading, Pennsylvania, is quietly selling off the Freedman Gallery collection, which includes works by Romare Bearden, Salvador Dalí, Jasper Johns, and Robert Rauschenberg, to address a budget shortfall that recently reached $23 million. Art preparator Rich Houck discovered the storage space emptied without notice and was fired after reporting the move; the college has cut 53 positions, canceled academic majors, and considered selling real estate as part of a broader cost-cutting campaign. Former gallery staff are no longer employed, and major donors were not informed of the sale.

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Ki Smith Gallery in New York is hosting "50 years of PUNK," an exhibition honoring the seminal punk magazine that launched in 1975. Running through January 11, the show features ephemera, new artworks, and issues 24 and 25 of the magazine, which famously covered bands like the Ramones and Lou Reed. The exhibition opened on November 28, marking 50 years since PUNK interviewed Reed and the Ramones at CBGB's. Co-curated by gallery founder Ki Smith and PUNK co-founder John Holmstrom, the show celebrates the magazine's DIY spirit and its role in shaping punk culture.

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Mitch and Emily Rales, the billionaire founders of the Glenstone Foundation and its private museum in Potomac, Maryland, are divorcing. The foundation, established in 2006, holds net assets of $4.6 billion and an endowment rivaling that of the Metropolitan Museum of Art. The article revisits longstanding criticisms of private art museums, including Glenstone, arguing they function as tax shelters, social climbing tools, and competitors to public institutions. It notes Glenstone's restrictive policies—appointment-only access, a ban on visitors under 12, and a prohibition on gum chewing—and references past unionization efforts by its workers.

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Loïc Gouzer, founder of the auction app Fair Warning, partnered with Christie's to sell Pablo Picasso's drawing *Tête d'homme à la pipe* (1971) in a hybrid in-person and digital auction on May 15. The work, estimated at $6–8 million, hammered for $6.6 million ($7.79 million with fees) to a phone bidder at Coco's at Colette in New York's GM Building, with Jussi Pylkkänen officiating. Notable attendees included collectors Alberto Mugrabi and David Mugrabi, and dealer Joseph Nahmad. The drawing, executed two years before Picasso's death, depicts a musketeer inspired by *The Three Musketeers* and had never been auctioned before.

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Three art-world professionals—adviser Sarah Galender Meyer, gallerist Yng-Ru Chen, and artist Crystalle Lacouture—have launched Arrival Art Fair, a biannual, invitation-only event in North Adams, Massachusetts, at the Tourists hotel. The fair features 36 exhibitors selected by curators with regional ties, including galleries such as Jane Lombard, Sears Peyton Gallery, Jessica Silverman, Abattoir Gallery, and Wolfgang Gallery. Programming includes outdoor sculpture, museum talks, and an acquisition prize from the Williams College Museum of Art, with booth fees supplemented by philanthropic support to keep the fair free for visitors.

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Roland Augustine, cofounder of New York's Luhring Augustine gallery, is stepping down to focus on philanthropy. Cofounder Lawrence Luhring will continue leading the gallery alongside longtime directors Lauren Wittels and Donald Johnson Montenegro, who will become equity partners. Luhring bought out Augustine's share at the end of last year, and the gallery plans to restructure in 2026, potentially changing its name within three years.

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LA Louver, one of Los Angeles's longest-running galleries, is closing its physical space in Venice, California, after 50 years and shifting to private dealing. The gallery, founded in 1975 by Peter and Elizabeth Goulds, has shown artists including Marcel Duchamp, David Hockney, Ed Ruscha, and Doris Salcedo, mounting over 660 exhibitions. The Venice space will host select exhibitions by appointment, while the gallery will focus activities on a private warehouse in LA's West Adams neighborhood. The Huntington library, museum, and botanical garden will receive LA Louver's archive of photography, correspondence, and documents.

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Matt Bangser, a longtime director at Blum gallery (formerly Blum & Poe), will join Art Intelligence Global (AIG) as senior director on September 8. Bangser spent 16 years at Blum overseeing global sales and securing major estates like Robert Colescott, and previously held senior posts at Van de Weghe Fine Art, Phillips, and Christie's. His move follows the closure of Blum's Los Angeles and Tokyo galleries last month, when founder Tim Blum announced he was leaving the traditional gallery model. AIG co-founder Amy Cappellazzo said Bangser's experience across galleries, auction houses, and artist studios made him a rare hire.

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A new generation of young gallerists is revitalizing the art market by specializing in historical art forms—from ancient jewelry and Old Master drawings to Art Deco and overlooked women Impressionists. The article profiles seven dealers who launched their businesses between ages 22 and 41, with half based in London. Notable figures include Pauline Pavec and Quentin Derouet (co-founders of Pavec, focusing on 19th- and 20th-century women artists), Baron Lorne Thyssen-Bornemisza (Kallos Fine Jewellery, ancient jewelry), and Maxime Flatry (20th-century art and design). Two of the dealers will exhibit at Frieze Masters this October, directed by Emanuela Tarizzo, who emphasizes that collectors and institutions increasingly seek cross-century narratives.

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Steve Wilson, founder of 21c Museum Hotels, and his wife Laura Lee Brown share their eclectic art collection in a CULTURED interview. Wilson recounts his early start in collecting with a Picasso poster bought as a college freshman after a discouraging art teacher, and how he and Brown now live with over 100 works in their Kentucky home, including provocative pieces like Kendell Geers’s champagne glasses cast from the artist’s erect penis. The couple’s collection also spans works by Kehinde Wiley, David Hockney, Andy Warhol, and many others, displayed salon-style across their residence.

A new Istanbul gallery is offering an outlet for Iran’s artists

Shiva Zahed Gallery has opened in Istanbul’s Pera district, specifically dedicated to showcasing Iranian contemporary art. The gallery's inaugural exhibition, "Echoes," features works by the influential artist Fereydoun Ave and installation artist Shaqayeq Arabi. The opening was significantly delayed and reconfigured after civil unrest in Iran and a communication blackout prevented the founder from coordinating with the 20 emerging artists originally scheduled for the debut.

The 14 Best Art Museum Exhibits in the World in 2026

PaperCity tapped Elaine de Kooning House founder Chris Byrne to curate a list of the 14 best art museum exhibitions worldwide in 2026. Highlights include a major Marcel Duchamp retrospective at MoMA—the first North American survey in over 50 years—featuring nearly 300 works, and Raphael's first comprehensive U.S. exhibition at The Met, titled 'Raphael: Sublime Poetry,' with 200 drawings, paintings, and tapestries. Other notable shows include 'The Shakers: A World in the Making' at ICA Philadelphia and a Guerrilla Girls exhibition at the Getty Center in Los Angeles.

In memoriam: remembering art world figures who died in 2025

This article from The Art Newspaper, published as 2026 begins, memorializes key figures from the art world who died in 2025. The list includes artist and activist Jaune Quick-to-See Smith, filmmaker and artist David Lynch, conceptual artist Mel Bochner, collector and patron Guy Ullens (co-founder of Beijing's UCCA), curator Koyo Kouoh (the first African woman to curate the Venice Biennale), photographer Sebastião Salgado, broadcaster Alan Yentob, and sculptor Joel Shapiro. Each entry summarizes their career highlights and contributions.

The Art Insider's Guide To Frieze London

Sophia Penske, founder of Penske Projects and art advisor at Gagosian Art Advisory, presents an insider guide to Frieze London week (October 13, 2025). The article highlights key gallery exhibitions including Ed Ruscha's new linen paintings at Gagosian Davies Street, El Anatsui's wooden sculptures at Goodman Gallery, Danielle Fretwell's still lifes at Alice Amati, Victor Man's dreamlike works at David Zwirner, Danny Fox's colorful paintings at Hannah Barry, and Lenz Geerk's portraits at Massimo De Carlo. It also previews museum shows like Kerry James Marshall's "The Histories" at the Royal Academy of Arts and mentions satellite fairs and auction previews.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

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Martin Scorsese will moderate a panel at New York Comic Con on Sunday, organized by the Lucas Museum of Narrative Art. The panel features street artist JR and fantasy painters Boris Vallejo and Julie Bell, offering a preview of the museum's renderings, artworks, and a prerecorded interview with founders George Lucas and Mellody Hobson. The museum, originally slated to open in 2023, has faced delays and is now expected to open in 2026, following a tumultuous year that included the departure of director Sandra Jackson-Dumont and staff layoffs.

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Zona Maco, one of Latin America's premier art fairs, will return to Mexico City from February 4–8, 2026, at Centro Banamex. The fair will feature 241 exhibitors across nine sections, including a new section called Forma, which blends contemporary art and design, and a revised Diseño Emergente section for emerging designers. Notable participants include Pace Gallery, Galleria Continua, Kurimanzutto, and OMR, with curated sections led by Aimé Iglesias Lukin and Manuela Moscoso. Founder Zélika García highlighted the fair's growth and its commitment to showcasing blue-chip galleries alongside emerging and mid-career talent.

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Artnet News reports on the rediscovery of Colombian artist Luis Fernando Zapata (1951–1994), whose solo booth at Art Basel Miami Beach features works from 1988 to 1994 that resemble ancient artifacts. The booth, titled “The Immemorial: The Transcendence of Luis Fernando Zapata,” is presented by Bogotá’s Galería Elvira Moreno in the fair’s Survey sector, which highlights historically significant art made before 2000. Zapata’s pieces—including totemic shields, a mud-brown sarcophagus with cuneiform-like glyphs, barques, steles, and his “excavaciones”—are mostly hand-sculpted papier-mâché, evoking ritual and imagined cosmologies. Diagnosed HIV+ in the mid-1980s, Zapata died in 1994, leaving a body of work that has remained largely absent from the queer canon and art-world consciousness until now.

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A pair of New York dealers, Rachel Carle Cohen of Shelter Gallery and David Fierman of Fierman, are launching Open Studio, a downtown gallery on Henry Street in the Lower East Side devoted entirely to artists with disabilities. The gallery will feature work from progressive art studios—supportive environments that began with Creative Growth in 1974—and opens July 10 with a solo show of John Tursi, an artist from the Living Museum at Creedmoor Psychiatric Center. A complementary group show, “Introducing Open Studio: New Art by Artists with Disabilities,” will run at Fierman’s gallery around the corner, featuring artists including Montrel Beverly, Chantel Donwell, Taneya Lovelace, and William Scott.

‘To this day, I can’t get it out of my mind’: Tobias van Gils on missing out on Maurizio Cattelan's orchid

Tobias van Gils, founder of the Zurich-based investment firm MLT Capital, discusses his art collection in an interview with The Art Newspaper. He shares his early collecting journey, recent acquisitions like a large mountainscape by Harold Ancart, and his regret over missing out on Maurizio Cattelan's blue orchid work "Meat" (2024). Van Gils also mentions launching the MLT Art Foundation with his wife to house their collection and support art programming focused on children. He offers personal insights on his decision-making process, favorite artworks, and tips for navigating Art Basel.

‘A new lease of life’: London’s Annely Juda Fine Art looks to the future with Mayfair move

London’s Annely Juda Fine Art is relocating from its Dering Street premises in Mayfair after 35 years to a new gallery on nearby Hanover Square, set to open at the end of October. The move marks a new phase for the nearly 60-year-old gallery, with co-director Nina Fellmann taking on greater responsibilities as founder David Juda, who turns 80 next year, steps back. The new space occupies three floors of a Grade II-listed Georgian townhouse, including a former ballroom with a glass-domed ceiling, and will feature a smaller gallery for emerging artists. David Hockney will inaugurate the venue with his Moon series (2020-23), while the final exhibition at the old space is a site-specific installation by Tadashi Kawamata titled Demolition.

Metropolitan Museum of Art Announces $23M. Gift from Top 200 Collectors Jennifer Rubio and Stewart Butterfield

Jennifer Rubio and Stewart Butterfield, both listed on ARTnews's Top 200 Collectors, have pledged $23 million to the Metropolitan Museum of Art. Rubio, founder of Away, and Butterfield, co-founder of Flickr and Slack, made the donation just two months after Rubio became a Met trustee. The gift will fund the museum's internship program, ensuring all undergraduate and graduate internships are fully paid positions, building on a previous $5 million gift from Adrienne Arsht.

Lucas Museum Reveals First Set of Exhibitions Curated by Founder George Lucas

The Lucas Museum of Narrative Art in Los Angeles has announced its inaugural exhibitions, curated by founder George Lucas, ahead of its September opening. The initial hang will feature around 12,000 objects from the museum's collection of over 40,000, displayed across 30 galleries in the 300,000-square-foot building. Thematic galleries will highlight specific artists such as Thomas Hart Benton, Norman Rockwell, and N.C. Wyeth, as well as mediums like cinema, photography, muralism, and comics. Broader themes include "Everyday Life," "Narrative Forms," and "Western Stories."

Venice Biennale’s 2026 Golden Lion Jury to Be Led by Videobrasil Founder

The Venice Biennale has announced the five-member jury for its 2026 edition, which will award the prestigious Golden Lion prizes. The jury president is Solange Oliveira Farkas, founder of the Videobrasil Biennial, and she will be joined by curators and academics Zoe Butt, Elvira Dyangani Ose, Marta Kuzma, and Giovanna Zapperi.

Christine Ruiz-Picasso, Founder of Museo Picasso Málaga and Artist’s Daughter-in-Law, Dies at 97

Christine Ruiz-Picasso, the daughter-in-law of Pablo Picasso and a pivotal figure in preserving his artistic legacy, has passed away at the age of 97 in Provence, France. Married to Picasso’s eldest son, Paul, she became a primary advocate for the artist's work following her husband's death in 1975. Her most significant achievement was the 2003 founding of the Museo Picasso Málaga, realized through her donation of over 200 artworks and her persistent collaboration with the Andalusian government.

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Conservators at the Isabella Stewart Gardner Museum have successfully identified the original 17th-century upholstery for a set of 14 chairs in the Dutch Room, the site of the infamous 1990 art heist. Using a combination of AI colorization software called Palette and the discovery of a single faded thread, the team determined that the chairs were originally vibrant red with pink stripes, rather than the fabric used in a 1970s restoration. This discovery is part of a comprehensive three-year project to restore the room to the founder's original vision.

Catherine Pégard Named French Culture Minister; Frieze Los Angeles Clocks Enthusiastic Sales; Morning Links for February 27, 2026

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French President Emmanuel Macron has appointed Catherine Pégard, the former president of the Château de Versailles, as the new French Culture Minister. Pégard faces immediate challenges, including addressing the recent theft of the French crown jewels from the Louvre and managing Macron’s ambitious $1 billion overhaul of the museum. Meanwhile, the VIP opening of Frieze Los Angeles has reported robust sales, with dealers describing the atmosphere as a "frenzy" amidst a notable trend in textile-based art and photography.