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.

Dark clouds, protests and resignations dampen start of 61st Venice Biennale

The 61st Venice Biennale opened under grey skies and rain, with political tensions overshadowing the art world's premier event. The Russian pavilion, absent for two editions due to the Ukraine war, reappeared with a party atmosphere, though the Italian ministry of culture confirmed it would not be open to the public. The Ukrainian culture minister called Russia's symbolic presence powerful. The Iranian pavilion withdrew without explanation, and a protest by 60 artists from the In Minor Keys show marched through the Giardini humming in solidarity against Israel's participation. Over 200 artists, including Lubaina Himid and Alfredo Jaar, signed an open letter demanding the Israeli pavilion's cancellation. The event also proceeded without its curator, Koyo Kouoh, who died in May 2025; her curatorial team delivered the exhibition following her plans.

Venice Diary Day 1: At the Giardini, Artists Refuse to Make Fascism Cozy

Henrike Naumann's posthumous installation at the German Pavilion, which retains its 1938 Nazi-era fascist architecture, refuses to make the space 'cozy' by adorning windows with violently ripped domestic fabrics. The 2026 Venice Biennale is the first under president Pietrangelo Buttafuoco, associated with neo-fascist politics, and is overshadowed by controversy over his 'neutrality' policy allowing all countries to participate despite human rights concerns. The exhibition jury initially announced it would not consider pavilions from countries whose leaders are charged with crimes against humanity, then abruptly quit, leaving the situation unresolved. The US Pavilion features unimpressive blobs by Alma Allen, while the Russian Pavilion offers cut flowers and free vodka, and Andreas Angelidakis responds to fascist aesthetics at the Greek Pavilion.

May Book Bag: from a guide on entering the art world to a publication about artists influenced by Ovid’s Metamorphoses

The May Book Bag article from The Art Newspaper reviews four new art-related publications. It covers "Metamorphoses: Ovid and the Arts," edited by Francesca Cappelletti and Frits Scholten, which examines Ovid's influence on Western art through works by artists like Titian, Caravaggio, and Louise Bourgeois. Other featured books include Hettie Judah's "How to Enter the Art World," a practical guide for emerging artists; "Derrick Adams: Prints," showcasing the artist's printmaking from 2019-2025; and "Whistler's Legacy" by Daniel Sutherland, which explores the legacy of James Abbott McNeill Whistler through his close associates.

Treasures From Matthew Perry’s Estate Head to Auction for a Good Cause

Heritage Auctions will sell a trove of artifacts from Matthew Perry's estate starting June 5, including scripts and memorabilia from the sitcom *Friends*, artworks by Banksy and Mel Bochner, and personal items like a 3D portrait of his invented superhero "Mattman." Proceeds benefit the Matthew Perry Foundation, a nonprofit focused on ending addiction stigma and expanding access to evidence-based care, founded after the actor's death in 2023.

‘She had a fresh, informed eye’: mural depicting late Venice Biennale curator Koyo Kouoh displayed in lagoon city

A mural honoring Koyo Kouoh, the late curator of the 2025 Venice Biennale, has been unveiled in Venice. Created by US artist Derrick Adams, the collage titled "Heavy is the head that wears the crown" adorns the facade of the Palazzetto dello sport Giobatta Gianquinto near the Arsenale. Kouoh died on 10 May 2025 at age 57 after a cancer diagnosis. The tribute was organized by curator Francesco Bonami, who had invited Kouoh to join the jury for the 50th Venice Biennale in 2003.

Lubaina Himid’s British pavilion at the Venice Biennale review – alienation in a green and pleasant land

Lubaina Himid's installation at the British pavilion of the Venice Biennale presents monumental paintings and a wall of painted oars depicting tailors, cooks, architects, gardeners, and sailors—figures who shape Britain. The work is accompanied by an audio piece of bucolic country sounds, but the black figures in the paintings exchange sideways glances of discomfort, questioning whether they truly belong. The exhibition is anchored by 26 philosophical questions on the wall, such as "Can flies settle here?" and "Can poison taste delicious?"

How the adoption of canvas in Venice changed the way artists painted

Art historian Cleo Nisse has published a new book, *Venetian Canvas and the Transformation of Painting*, examining how 16th-century Venetian painters such as Titian, Veronese, and Tintoretto pioneered the use of canvas as a painting support. Nisse reveals that canvas was not a uniform material—artists experimented with different weaves, including tabby and herringbone patterns, and even repurposed sailcloth and tablecloth-quality fabrics to achieve specific visual effects. The book argues that canvas was already familiar in the late Middle Ages for banners and alternatives to tapestry, and that Vittore Carpaccio was the first master of the medium, varying canvas types for expressive purposes in his *Legend of St Ursula* series.

BBC ‘Buried’ Footage of Banksy at NYC Mural Site, Former Reporter Claims

Former BBC New York correspondent Nick Bryant claims the BBC suppressed footage he captured of Banksy at a mural site in New York City in March 2018. In a Substack post, Bryant recounts being tipped off by Banksy's PR team about a new artwork at the Houston Bowery Wall, where he and his cameraman filmed the artist—described as a middle-aged man in a black beanie and grey coat—fleeing the scene with fresh paint on his fingers. Despite believing he had a world exclusive, Bryant says BBC editors in London decided not to air the footage, citing concerns about unmasking the artist and preserving the mystery for audiences, including a senior colleague's daughter who compared revealing Banksy's identity to telling children there is no Santa Claus.

‘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.

Seen a ghost? The eeriest images from Fotografia Europea – in pictures

Fotografia Europea, the international photography festival in Reggio Emilia, Italy, has opened with 20 exhibitions and related events under the theme 'ghosts of the moment'. The festival features works by artists including Tania Franco Klein, Giulia Vanelli, Felipe Romero Beltrán, and Salvatore Vitale, exploring themes of memory, migration, identity, and the unseen forces shaping contemporary life. The festival runs until 14 June 2026.

Women behind the lens: ‘After state massacres, I began burning the prints as an act of mourning’

Iranian-Canadian visual journalist and artist Parisa Azadi describes her process of creating protest photographs during the 2022 Iranian revolution from exile in Dubai. Unable to return to Iran, she used open-source protest footage from social media, isolating frames and printing them with a Fujifilm instax camera to transform ephemeral digital images into physical objects. In January 2026, after state massacres and executions, she began burning these prints as an act of mourning, scarring their surfaces to echo the violence they depict.

Anish Kapoor says US’s ‘politics of hate’ should exclude it from Venice Biennale

Anish Kapoor has called for the United States to be excluded from the Venice Biennale, citing the country's "abhorrent politics of hate" and "incessant warmongering." His comments follow the resignation of the five-member international jury, who stepped down in protest over the inclusion of Israel and Russia. Kapoor praised the jury's decision as "courageous" but argued they should have also targeted the US. The US pavilion, featuring artist Alma Allen and his exhibition "Call Me the Breeze," has faced scrutiny over perceived Trump administration interference and a delayed selection process. Meanwhile, the Israeli and Russian pavilions remain flashpoints, with over 200 participants signing a letter demanding the cancellation of the Israeli pavilion, and the Russian pavilion closed to the public but viewable through windows.

What It Takes to Build the Venice Biennale

Three weeks before the Venice Biennale opens on May 5, the city remains a construction site, with the Giardini closed and parts of the Arsenale requiring special access. Artist Faustin Linyekula rehearses his performance *The Galeazze Project* in a 16th-century roofless complex, working with the existing gravel, natural light, and lagoon acoustics rather than imposing a structure. Geopolitical conflicts, supply chain disruptions, and the sudden resignation of the Biennale’s international jury via Instagram add pressure to the already challenging logistics of mounting the global exhibition.

‘It’s a world heritage site, but it’s my home’: the last resident of Casa Milà on life in Gaudí’s masterwork

Ana Viladomiu, a 70-year-old writer, is the last remaining tenant of Antoni Gaudí’s Casa Milà (La Pedrera) in Barcelona, a UNESCO World Heritage site that receives about a million visitors annually. She has lived in the luminous apartment since 1988, originally moving in with her then-husband Fernando Amat, owner of the iconic design store Vinçon. Viladomiu holds a rare renta antigua (fixed-rent contract) that allows her to stay until she or Amat dies, after which the not-for-profit foundation managing the building will take ownership. The rest of the building now houses offices and cultural event spaces.

After His Untimely Death, Rutherford Chang’s Survey Rewrites What a Square Can Do

Rutherford Chang, who died last year at age 45, is the subject of a posthumous survey at UCCA Center for Contemporary Art Beijing titled "Hundreds and Thousands." The exhibition centers on Chang's socially engaged works that explore value, circulation, and systems through the deceptively simple form of the square. His best-known piece, "We Buy White Albums" (2013–25), involved amassing roughly one percent of the first pressing of the Beatles' "White Album," highlighting how objects accrue personal and economic worth through use and history. Other works include melting 10,000 copper pennies into a cube and assembling Wall Street Journal portraits from 2008 into a grid that captures a year of crisis and change.

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.

‘In every drop of paint he slurped, you see the Holocaust’: the genius and torments of Georg Baselitz

Georg Baselitz, the German painter and sculptor known for his provocative confrontations with Nazi history, has died. Born in 1938, he was one of the last living artists with direct childhood memories of the Third Reich. His early works, such as *Die große Nacht im Eimer* (1961) and his upside-down German eagles, deliberately shocked postwar West Germany by depicting obscene, shameful images of a society trying to forget the Holocaust. He famously exhibited a zombie Hitler woodcarving at the 1980 Venice Biennale alongside Anselm Kiefer, insisting on confronting rather than ignoring the Nazi heritage of the German Pavilion.

Lucas Museum Aims to Tell the History of Storytelling via 1,200 Objects

The Lucas Museum of Narrative Art in Los Angeles has announced details of its inaugural exhibitions, set to open on September 22, 2026. Founded by filmmaker George Lucas and his wife Mellody Hobson, the museum will feature over 1,200 objects across 30 galleries, tracing the history of visual storytelling from ancient sculptures to Renaissance paintings, photography, comics, and manga. The collection draws from Lucas's personal trove of more than 40,000 works of illustrator art, including pieces by N.C. Wyeth, Norman Rockwell, Frank Frazetta, Beatrix Potter, and Jack Kirby, as well as large-scale murals and photography by artists like Judy Baca and Dorothea Lange. The museum, designed by Ma Yansong of MAD Architects, also includes archives of Lucas's film sets, props, and costumes.

Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

Sotheby's will auction a major collection of masterpieces by artists including Gustav Klimt, Henri Matisse, Lucian Freud, and Francis Bacon, consigned by Joe Lewis and his daughter Vivienne, whose family owns Tottenham Hotspur. The collection, expected to fetch over £150 million, is projected to become the most valuable ever offered in London, with highlights such as Klimt's 'Bildnis Gertrud Loew' (estimated £20-30m) and Egon Schiele's 'Danaë' (estimated £12-18m, potentially setting a new artist record). The works will be exhibited in New York and London before the June sales.

Statue with Banksy signature of man blinded by flag appears in London

A new statue bearing Banksy's signature has appeared in Waterloo Place, central London, depicting a man marching forward with a large flag obscuring his face. The elusive artist has not yet confirmed the work, though he typically posts confirmation on his website after public discovery. The statue stands near monuments to Edward VII and Florence Nightingale, and follows Banksy's previous sculptural works like *The Drinker* (2004) and recent murals addressing homelessness and protest.

In plane sight: how the gilded elite live – in pictures

Photographer Will Vogt's second monograph, *Behind the Hedges*, offers an intimate glimpse into the lives of America's gilded elite, featuring images of his own social circle at hunting estates, weddings, exclusive club lunches, and golf weekends. The book, published by Schilt Publishing, includes quotes by Vogt and text by editor Jennifer Garza-Cuen from her essay 'Posture of Privilege,' capturing a world of inherited wealth and tradition.

Wildenstein dispute over Monet work highlights art market opacity

A long-running dispute involving the Wildenstein art dynasty has resurfaced over a 2004 transaction for Claude Monet's *Adolphe Monet Reading in a Garden* (1867). The painting was acquired by Guy Wildenstein through a €4.5m deal that included works by Pierre Bonnard and Alfred Sisley, among them Monet's *Marine, Amsterdam* (1874). That work was later resold via Christie's, but a 2020 sale attempt revealed that the original canvas had been lost during a transfer process, significantly reducing its value. Court-appointed specialists concluded in 2024 that the alteration predated the transaction and that the gallery likely knew of the damage. The sellers have filed a claim alleging "vitiated consent" under French law, with a court date set for 7 May in Rouen. The disputed Monet now reportedly belongs to billionaire Larry Ellison.

The forgotten Chinese conceptualists: Melbourne show brings together works by New Measurement Group

An exhibition at Buxton Contemporary in Melbourne, titled "Poetry Goes No Further Than Language: a Historical Moment of Art Becoming Art Again," brings together the complete artistic output of the New Measurement Group, a pioneering Chinese conceptual art collective from Beijing, alongside four conceptual experiments by Shanghai-based artist Qian Weikang. Curated by Carol Yinghua Lu and artist Liu Ding, the show aims to reassess early Chinese conceptual art, featuring works by the New Measurement Group (Chen Shaoping, Gu Dexin, Wang Luyan), pieces from the New Wave art movement, and new commissions by Melbourne artist Darcey Bella Arnold. The curators faced challenges locating the group's five publications, including one purchased on eBay from Europe, and used re-enactment and re-fabrication to recreate lost works like Qian's "Ladder Poem" (1990).

‘The doorbell went at 5am. Six masked men were outside’: Belarus Free Theatre bring totalitarian terror to the Venice Biennale

Belarus Free Theatre (BFT), an exiled troupe based in London, is presenting its first major visual art project, titled 'Official. Unofficial. Belarus.', at the Venice Biennale. The installation, masterminded by the founders' daughter Daniella Kaliada, features contributions from former political prisoners, painters, sculptors, composers, and world-renowned chef Rasmus Munk, who created a dish evoking detention under an authoritarian regime. The work includes a giant ball of banned books, surveillance cameras attached to an iron crucifix, and a custom scent of a freshly dug grave, all reflecting the terror of life under Belarusian dictator Alexander Lukashenko.

Newsmakers: Nalini Malani Lets the Walls Speak with a New Installation in Venice

Nalini Malani's latest installation, *Of Woman Born*, opens at the Magazzini del Sale in Venice during the Venice Biennale. Commissioned by the Kiran Nadar Museum of Art, the work projects hand-drawn animations onto the crumbling brick walls of a 15th-century salt warehouse, creating a cave-like environment where images flicker like ancient cave paintings. The installation draws on tens of thousands of drawings and incorporates mythology, literature, and sound, with a central focus on the myth of Orestes to explore themes of violence, displacement, and gender politics. Malani has also extended her recurring 'Skipping Girl' figure across Venice via posters and public signage to guide viewers to the exhibition.

Sharjah Biennial Lines Up 109 Artists for 2027 Edition, Titled ‘What Remains, Sits Restive’

Towering homage to Bamiyan Buddhas rises over Manhattan’s High Line

A new public sculpture by Vietnamese American artist Tuan Andrew Nguyen has been installed on the High Line Plinth at Hudson Yards in Manhattan. Titled "The Light That Shines Through the Universe" (2026), the 27-foot-tall sandstone monument pays homage to the Buddhas of Bamiyan, the 6th-century colossi destroyed by the Taliban in 2001. The work features carved sandstone forms with two monumental steel hands cast from melted-down artillery shells sourced from Afghanistan, making gestures of fearlessness and compassion. It will remain on view through autumn 2027 and is accompanied by monthly lectures and meditation sessions.

Final book in trilogy asks: What is the future of the art world?

Cultural strategist András Szántó has published the third and final volume of his trilogy on the future of museums, titled *What Is the Future of the Art World?*. The book features dialogues with a wide range of art-world figures—including gallerists José Kuri and Atsuko Ninagawa, collectors Alain Servais and Sylvain Levy, artists William Kentridge and Holly Herndon & Mathew Dryhurst, curator Fatoş Üstek, network scientist Albert-László Barabási, former Art Basel director Marc Spiegler, and Sheikha Al-Mayassa Al Thani—who discuss topics such as the definition of the art world, its rules, and its future trajectory. Szántó notes that there is no consensus on whether the art world is still expanding or entering a phase of slowdown, with different regions moving on divergent paths.

Is A Random Unknown Artist More Valuable Than Picasso? AI Thinks So.

An experiment using a custom AI model to evaluate artistic value independent of market context found that the model assigned a seven-figure price to an unknown street artist's work while valuing a Picasso at under $1,000. The project, run by an art journalist with a data scientist and an AI expert, trained a Fine Art Large Vision Model on millions of images and price data. Without metadata like artist name or gallery affiliation, the model's predictions were technically interesting but commercially useless; only when those market signals were added did predictions align with real auction outcomes.