paul leong ugly painting young collectors

Paul Leong, a Hawaii-born finance executive and co-chair of Friends at the Foundation for Contemporary Arts, discusses his provocative art collection in an interview with Cultured. Leong favors challenging, conceptual works that he describes as "ugly painting," including pieces by Merlin Carpenter, Jana Euler, Matt Browning, Claire Fontaine, Michael E. Smith, Rayan Yasmineh, and Stefan Tcherepnin. He credits art advisor Thea Westreich with teaching him to prioritize meaning over appearance, and recounts the hard-won acquisition of a Jana Euler work from a 2020 show at Artists Space in New York after persistent engagement with her galleries.

guggenheim ycc party new york

The Guggenheim Young Collectors Council (YCC) hosted its 2025 party at the museum's New York rotunda, honoring Korean artist Ayoung Kim as the recipient of the LG Guggenheim Award. The event featured a multisensory experience with tarot readings, motion-capture avatars, a performance by YCC Artist Collaborator LaJuné McMillian using LG OLED technology, and a DJ set by Kito, drawing a crowd of artists, curators, and collectors including Naomi Beckwith, Ella Emhoff, Tschabalala Self, and Moses Sumney.

LATIN AMERICA AT THE VENICE BIENNALE: A VISUAL TOUR OF THE CENTRAL EXHIBITION

LATINOAMÉRICA EN LA BIENAL DE VENECIA: UN RECORRIDO VISUAL POR LA MUESTRA CENTRAL

The 61st Venice Biennale, titled "In Minor Keys," opened its preview days on May 8, 2025, curated by the late Koyo Kouoh (1967–2025). The central exhibition, realized by a team she selected before her death, features 110 participants from around the world, with a strong Latin American presence of 15 artists, collectives, and organizations. The show explores themes of colonial history, plantation economies, geological memory, and environmental crisis through works that emphasize shared materials, politics, and poetics across geographies from Dakar to San Juan.

The Art Market Enters 2026 With Renewed Confidence and a Sharper K-Shape Divide

ArtTactic's Global Art Market Outlook 2026 report reveals renewed confidence in the art market, with 51% of participants expecting growth and 42% anticipating stability. Strong sales in London, Paris, and Miami Beach, along with multi-billion-dollar November auction results, have buoyed sentiment. The recovery is uneven but meaningful, driven by selective demand for established names: Impressionist art rose 80.4%, Modern art 19.4%, and Old Masters 68.7%. The K-shaped divide is sharpening, with robust performance at the top end (above $1 million) and accessible tiers (below $50,000), while the middle market remains sluggish. Top performers include Klimt, Picasso, Rothko, and Calder, while ultracontemporary artists like Nicolas Party and Matthew Wong have seen significant declines.

Drawing attention

Collector Patricia Poon and artist Angel Hui are among the figures highlighted in a series examining how Hong Kong women artists are gaining market share and recognition. The article reports that major auction houses Christie's, Sotheby's, and Phillips have moved their Asia headquarters to Hong Kong and now employ young women in key auctioneering roles. It notes a sharp increase in women artists featured in Chinese auctions, from 79 in 2019 to 231 in 2024, with 201 of those in Hong Kong. Works by artists like Firenze Lai, Elaine Chiu, and Kristy M Chan have performed strongly at auction, and Phillips has made promoting Hong Kong women artists a key priority.

Embracing independence: meet the artists giving galleries a swerve

A growing number of artists are bypassing traditional galleries to sell their work directly to collectors, a trend that echoes pre-19th-century practices when artists like Michelangelo and Rembrandt dealt directly with patrons. High-profile examples include Damien Hirst's 2008 Sotheby's auction that raised £111.4m without dealer commissions, Banksy's Pest Control system, and Marina Abramović's independent collaborations during Frieze Week and at Glastonbury. Emerging and mid-tier artists, such as Bristol-based Matthew Callaby, are also selling via Instagram and organizing their own pop-up shows, often keeping more profit than the typical 50% gallery commission.

With more than 40 galleries represented, Germany is a major player at Art Basel this year

Germany is the second-most represented country at Art Basel in Switzerland this year, with over 40 galleries participating, trailing only the United States. The fair is led by German-born director Maike Cruse, and features prominent German artists including Katharina Grosse, Martin Kippenberger, Tim Eitel, and Jana Schröder. Despite lacking mega-galleries, Germany boasts respected spaces like Galerie Max Hetzler and renowned collectors such as Reinhard Ernst, Julia Stoschek, and the Plattner family. Dealer Gerd Harry Lybke notes Germany's art market is 'very stable' compared to other locations.

Where to go in May?

Wohin im Mai?

The article, published by Monopol magazine, previews a selection of art exhibitions and biennials opening in May. Highlights include the 61st Venice Biennale, a solo show by Lina Lapelytė at Hamburger Bahnhof in Berlin (part of the CHANEL COMMISSION series), a group exhibition titled "Lebt und arbeitet in Wien. Contemporary Art from Vienna" at Kunsthalle Wien, and a presentation of Christoph Schlingensief's work "The African Twin Towers" (2005) at MAK Wien. Also featured is Maximiliane Baumgärtner's exhibition at Kunstverein für die Rheinlande und Westfalen in Düsseldorf.

The Rediscovery of the Female Old Masters

Die Wiederentdeckung der Alten Meisterinnen

The Museum of Fine Arts Ghent (MSK) has launched a major exhibition titled "Unforgettable: Women Artists from Amsterdam to Antwerp, 1600–1750," showcasing over 40 female Baroque artists who were once highly successful but later faded into obscurity. The show highlights figures like Michaelina Wautier, who defied gender norms by painting large-scale history scenes and male nudes, and Rachel Ruysch, whose floral still lifes commanded prices rivaling those of Rembrandt. These women were not merely exceptions but active participants in the art market, running workshops and securing royal patronage across the Low Countries.

Poly Auction Hong Kong Spring Auctions 2026: High Jewels and Watches, Modern and Contemporary Art Auctions to Be Held on 6 April

Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.

The Delicate Bouquet of Roses and Peonies by Redouté and Thilo Westermann at Malmaison

Le délicat bouquet de roses et de pivoines de Redouté et de Thilo Westermann à Malmaison

An exhibition titled "Roses & Pivoines" has opened at the Château de Bois-Préau in Malmaison, France, pairing the 19th-century botanical watercolors of Pierre-Joseph Redouté with contemporary glass-painting works by German artist Thilo Westermann. Redouté, famous for his meticulous rose and peony illustrations commissioned by Empress Joséphine Bonaparte, is shown alongside Westermann's pointillist technique on glass, which he developed from 2014 onward. The show also includes works by Jan-Frans van Dael and Cornelis van Spaendonck, plus scent stations for visitors to smell rose essences.

Beyond the Sagrada Família: These 6 Surprising Places in Barcelona Reveal a Lesser-Known Gaudí

Au-delà de la Sagrada Família, ces 6 lieux étonnants à Barcelone qui révèlent un Gaudí méconnu

Beaux Arts Magazine highlights six lesser-known architectural works by Antoni Gaudí in Barcelona, beyond his famous Sagrada Família. The article features Casa Vicens (1883–1885), his first private commission; Torre Bellesguard (1900–1909), a medieval-inspired tower with panoramic views; Casa Calvet (1897), a residential building with textile-themed details; and the Finca Güell and Palau Güell, experimental projects for his patron Eusebi Güell. These sites showcase Gaudí's organic style, fusion of nature and architecture, and influences from Japanese, Arabic, and Catalan Gothic traditions, with several recently opened to the public.

A historic section of the Eiffel Tower's original staircase is set to go up for auction

Un tronçon historique de l’escalier d’origine de la tour Eiffel s’apprête à s’envoler aux enchères

The auction house Artcurial is set to auction a 2.75-meter-tall section of the original spiral staircase from the Eiffel Tower on May 21. This specific segment, consisting of fourteen riveted steel steps, was part of the structure connecting the second and third floors until it was dismantled in 1983 to make way for modern elevators. Estimated between €120,000 and €150,000, the piece holds significant historical value as it is the inaugural 'Lot No. 1' from the original 1983 dispersal sale.

Who Won New York’s $2.1 Billion Auction Week?

New York City's spring auction week generated approximately $2.1 billion in sales across Christie's, Sotheby's, and Phillips, more than doubling the $1 billion total from May 2024. Christie's led with a $1.3 billion haul, driven by the $630.8 million S.I. Newhouse collection and record prices for works by Jackson Pollock ($181.2 million) and Constantin Brancusi ($107.6 million). Sotheby's netted around $737 million, including a Rothko from the Robert Mnuchin collection, while Phillips rebounded with $115.2 million in a white-glove sale, its strongest New York spring result since 2022.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

Close encounters: the new wave of women photographers – in pictures

The Saltzman-Leibovitz photography prize, founded in 2025 by Lisa Saltzman and Annie Leibovitz, announces its winners and runners-up for 2026. Bolivian photographer Marisol Mendez wins for her series 'MADRE,' which challenges patriarchal representations of women in Bolivia through portraits of matriarchs and references to the Inca moon goddess. Runner-up Miranda Barnes documents African American debutante cotillions in Detroit, while other featured photographers include Bettina Pittaluga and Cole Ndelu, whose works explore body diversity and the fusion of Zulu cosmology with Catholicism. The exhibition runs at Photo London, Olympia, 13–17 May 2026.

Lithuanian, Latvian, and Estonian Pavilions Stage Pro-Ukraine Procession During Venice Biennale

On May 6, 2026, the Lithuanian, Latvian, and Estonian pavilions at the Venice Biennale organized a procession in solidarity with Ukraine, walking approximately one and a half miles from the Lithuanian Pavilion in the Fucina del Futuro to the Estonian pavilion. The action honored Ukrainian cultural workers creating under war conditions and those who have died. It is one of several political protests at the contentious 2026 Biennale, including demonstrations by Pussy Riot and FEMEN at the Russian pavilion, a "Solidarity Drone Chorus" opposing Israel's inclusion, and a planned 24-hour strike by the Art Not Genocide Alliance.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

‘We are complicit’: Austrian artist Florentina Holzinger’s immersive Venice Biennale pavilion brings apocalypse to the city

Austrian artist Florentina Holzinger has created 'Seaworld Venice,' an immersive and confrontational installation for the Austrian Pavilion at the 2024 Venice Biennale. The work explores climate change, technology, and a dystopian flooded future, drawing comparisons to the 1995 film 'Waterworld'—though neither Holzinger nor curator Nora-Swantje Almes had seen it. Known for extreme performance art involving nudity, blood, live piercing, and heavy machinery, Holzinger's previous works have caused audience members to faint or require medical treatment. The pavilion marks a significant platform for her radical, hybrid practice that blends theatre, dance, opera, and performance art.

Texas Man Who Orchestrated $20 M. Crypto Scam Based on Fictitious Van Gogh and Picasso Masterpieces Sentenced to 23 Years in Prison

A Houston man, Robert Dunlap, was sentenced to 23 years in federal prison for orchestrating a $20 million cryptocurrency scam. Between 2018 and 2023, Dunlap defrauded nearly 1,000 investors by promoting a digital asset called “Meta-1 Coin,” falsely claiming it was backed by a $1 billion art collection featuring works by Salvador Dalí, Vincent van Gogh, and Pablo Picasso, as well as $44 billion in gold. He used forged legal and insurance documents to conceal that he owned neither the art nor the gold. A federal jury in the Northern District of Illinois convicted him on mail fraud charges in 2025, and US District Judge LaShonda A. Hunt imposed the sentence, also ordering restitution.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

Inside the Inaugural Edition of Art Cologne Palma Mallorca

The inaugural edition of Art Cologne Palma Mallorca took place from April 9–12, 2026, attracting 88 galleries from 20 countries and over 10,000 visitors to the Mediterranean island. The fair, held at the Palau de Congressos Convention Centre, reported strong sales and sold-out weekend days, with Artistic Director Daniel Hug praising the high level of engagement and positive response from both exhibitors and attendees. A second edition has already been scheduled for April 1–4, 2027.

Who Were the Best-Selling Old Masters at Auction in 2025?

The article reports on the best-selling Old Master paintings at auction in 2025, highlighting Canaletto's *Venice, the Return of the Bucintoro on Ascension Day*, which sold for $43.8 million at Christie's—three times the next-highest Old Master price. Other notable sales include a $7.55 million triptych of Jesus performing miracles by an unknown 15th-century artist, noted for its exceptional condition and quality.

New Bienal de Yucatán to spotlight Mexican region’s growing art scene

The city of Mérida is set to host the inaugural Bienal de Yucatán from November 2026 to February 2027, marking a significant milestone for the region's burgeoning contemporary art scene. Spearheaded by patron and curator Catherine Petitgas with artist Abraham Cruzvillegas serving as artistic director, the biennial aims to provide a formal platform for the city's dense ecosystem of over 40 galleries, international artist studios, and the Universidad de las Artes de Yucatán (UNAY). The announcement follows the successful debut of the Week of Art Yucatán (WAY), a multi-venue festival that showcased the city's unique blend of repurposed industrial spaces and traditional haciendas.

Art trade stays buoyant amid global turmoil

Major London auction houses Sotheby's and Christie's posted strong results in early March, with their Modern and contemporary art evening sales raising £131m and £197m respectively. These figures represented significant increases over the previous year, with high sell-through rates, despite concurrent geopolitical turmoil in the Middle East. Key lots included Francis Bacon's 'Self Portrait' selling for £16m and Henry Moore's 'King and Queen' achieving a record £26.3m.

The Rising Artists on Everyone’s Radar

The article profiles seven artists whose works have recently achieved significant auction results, often far exceeding their pre-sale estimates. Nathanaëlle Herbelin, Poppy Jones, Kathleen Ryan, Eva Helene Pade, Georg Wilson, and Ding Shilun are highlighted as contemporary artists with strong market momentum, while the poster artist A.M. Cassandre is noted for a historic sale.

A Mirrored Monet review – painter reflects on his past in a musical with heart and humour

A new musical titled 'A Mirrored Monet' explores the life of Impressionist painter Claude Monet, focusing on his later years as he reflects on his youth, his artistic struggles, and the personal sacrifices he made, particularly regarding his first wife Camille. The production uses innovative set design to immerse the audience in the Impressionist style and features a strong cast portraying Monet and his contemporaries.

egidio marzona dead avant garde collector archive

Egidio Marzona, the influential German-Italian collector, publisher, and patron, has died at the age of 81 in Berlin. Renowned for his intellectual approach to collecting, Marzona focused on the 20th-century avant-garde, including movements such as Bauhaus, Dada, Fluxus, and Arte Povera. Unlike traditional collectors, he prioritized the preservation of archives, letters, and ephemera alongside physical artworks, viewing the "paper trail of ideas" as essential to understanding artistic history.

The Tensions Seething Beneath the Surface of the 2026 Whitney Biennial

The 2026 Whitney Biennial has quickly generated a consensus among critics, prompting a deeper analysis of its underlying themes. The exhibition features a notable tension between works exploring artificial intelligence, such as Zach Blas's maximalist installation and Cooper Jacoby's emotionally resonant sculptures, and a contrasting trend of delicate, nostalgic art focused on domesticity and ecology, exemplified by artists like Kelly Akashi and Jasmin Sian.

Egidio Marzona, Collector Who Built a Monument to the Avant-Garde, Dies at 81

Egidio Marzona, the influential German-Italian collector, publisher, and patron, has died at age 81 in Berlin. His vast collection focused on 20th-century avant-garde movements, from Dada and Bauhaus to Fluxus and Arte Povera, and was distinguished by its deep archival holdings of letters, diagrams, and ephemera that documented the intellectual processes behind the art.