Anish Kapoor has announced plans to launch a large-scale sculpture into space, a project he estimates will cost nine figures. While details of the artwork remain secret, Kapoor suggested it might involve mirrors and aims to be a "useless" yet "magical" poetic occupation of the cosmos. He confirmed his backers are "not necessarily American" and explicitly stated Elon Musk is not involved.
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.
Michael Werner and Gordon VeneKlasen, partners at Michael Werner Gallery for 35 years, are dissolving their partnership at the start of next year. Werner will continue operating Galerie Michael Werner in Berlin, while VeneKlasen will launch a new international gallery called VeneKlasen, taking over the current New York, London, and Los Angeles locations. The changes take effect in February, with VeneKlasen announcing his program early next year.
Christie's Hong Kong is offering Pablo Picasso's 1944 painting *Buste de femme* with a high estimate of HK$106 million (about $13.6 million) at its 20th/21st Century evening sale, making it the top lot in Hong Kong's September sales across the three major auction houses. Other notable lots include Zao Wou-Ki's *7.3.63* (estimate HK$70–90 million) at Christie's and two Yoshitomo Nara works at Sotheby's and Phillips. In other industry moves, New York's Tilton Gallery is closing after its upcoming Ruth Vollmer exhibition; Esther Schipper Gallery now represents Lotus L. Kang; Başak Doğa Temür and Nilbar Güreş will collaborate on the Turkish Pavilion at the 2026 Venice Biennale; Yan Du Project has appointed Billy Tang as artistic director; and Phillips will auction a juvenile triceratops skeleton in New York.
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.
The article examines the meteoric rise and current cooling of the market for Labubu, the Nordic fanged monster character created by artist Kasing Lung. After a decade of slow development, Labubu exploded in popularity through Chinese toy blind-box manufacturer Pop Mart, leading to record auction sales in 2025. Yongle Auction in Beijing organized the world's first themed Labubu sale, where a mint-green sculpture sold for RMB 1.242 million and a painting, 'Pure' (2021), fetched RMB 1.61 million, setting successive records. The frenzy attracted a diverse range of buyers, from streetwear collectors to traditional ceramics enthusiasts, many of whom share their purchases on social media platforms like Douyin.
Tim Blum, co-founder of the influential Blum & Poe gallery, is stepping away from the traditional gallery model after more than 30 years. He told ARTnews that the decision was driven by burnout with the relentless cycle of art fairs, openings, and obligations, not by financial strain. His Tokyo and Los Angeles locations will close after summer exhibitions, and a planned New York space may not open as a conventional gallery. Blum will instead pursue a more flexible model involving special projects and collaborations, while continuing to buy and sell art personally.
Adam Lindemann, a collector-turned-dealer, announced he will close Venus Over Manhattan, the New York gallery he founded 14 years ago. The gallery's final exhibition, a solo show for painter Susumu Kamijo, will run until July 18. Lindemann revealed the decision in an opinion piece for Artnet News, citing the challenges of straddling the roles of collector and dealer, as well as the politics of art fairs. He plans to return to collecting full-time.
Art Basel announced a partnership with Qatar Sports Investments (QSI) and QC+ to launch Art Basel Qatar in Doha in February 2026, marking the first major international art fair in the Middle East. The inaugural edition will feature a tightly curated selection of approximately 50 galleries, significantly smaller than Art Basel's other fairs, and will be held at M7, a creative hub in the Doha Design District. A director for the fair will be announced in the coming months.
Expo Chicago 2025 wrapped on Sunday with upbeat energy and larger crowds than usual, thanks to a scheduling change that allowed VIPs earlier access. The fair, now in its second edition under Frieze ownership, featured 170 exhibitors, a new magazine with artist profiles of Caroline Kent and Nick Cave, and a partnership with KIAF and the Galleries Association of Korea that brought 20 Korean galleries. Dealers reported healthy sales, including a sold-out presentation by Jaylon Hicks at Maximilian Williams gallery, with works priced from $3,000 to $20,000. Frieze leaders attended major events, signaling continued commitment to Chicago nearly two years after acquiring the fair.
The Neue Galerie, a private museum on New York's Upper East Side founded by collector Ronald S. Lauder, will merge with the Metropolitan Museum of Art in 2028. The institution will be renamed the Met Ronald S. Lauder Neue Galerie, or Met Neue for short. Lauder and his daughter Aerin Lauder Zinterhofer will contribute funds toward a $200 million endowment, along with 13 works from their collection, including a prized Gustav Klimt and paintings by German Expressionists. The Met plans to exhibit some holdings at its Fifth Avenue base, but Klimt's "Portrait of Adele Bloch-Bauer I" will remain at the townhouse.
The Studio Museum in Harlem is set to inaugurate its new $160 million, purpose-built home on Manhattan’s 125th Street. Designed by Adjaye Associates in collaboration with Cooper Robertson, the 82,000-square-foot facility nearly doubles the museum's previous exhibition space and replaces a repurposed 1914 bank building that lacked essential infrastructure like loading docks and large elevators. This milestone marks the first time in the institution's history that it will operate out of a structure specifically designed to support its mission of championing artists of African descent.
2025 Art21 at the Movies
On October 8 and 10, 2025, Art21 hosted its second 'Art21 at the Movies' event in New York. The two-day program featured film premieres, artist talks, and screenings at venues including the Metrograph and the Museum of Modern Art. It highlighted artists from the 'Art in the Twenty-First Century' series and included discussions with filmmakers and curators.
Melvin Edwards, a pioneering sculptor known for his steel assemblages that explored Black history and experience, has died. He was the first African-American artist to have a solo exhibition at the Whitney Museum of American Art in New York in 1970. His signature series, Lynch Fragments, began in the 1960s as a response to the civil rights movement and evolved over his lifetime to incorporate references to the Vietnam War and African cultural practices.
Cultured magazine profiles 10 art collectors, sharing the stories of their first acquisitions. The article features collectors such as Miami real estate developer Craig Robins, hotelier Steve Wilson, Allison Sarofim, Brandon John Harrington, James Frey, and Rodrigo Padilla, recounting how they began their collections—from a Dalí sketch and a Matisse drawing to an Andy Warhol portrait and a late-night Instagram purchase. Each narrative highlights the personal, often serendipitous moments that sparked a lifelong passion for art.
The Peggy Guggenheim Collection in Venice has announced a major exhibition for 2026 titled "Peggy Guggenheim in London: The Making of a Collector." The show focuses on the pivotal period between 1938 and 1939 when Guggenheim operated her first gallery, Guggenheim Jeune, on Cork Street. It will feature approximately 100 works by avant-garde masters such as Vasily Kandinsky, Jean Cocteau, and Yves Tanguy, alongside archival materials documenting her early career as a gallerist and patron.
Artist Fields Harrington, after witnessing a delivery worker get hit by a car in Brooklyn, began photographing the customized bikes of New York City's delivery workers, capturing their gloves, reflective tape, and cultural markers. His series is now featured in MoMA PS1's "Greater New York" exhibition. In a direct act of reciprocity, Harrington convinced the museum to rent a delivery worker's bike and pay its owner, Gustavo Ajche, his usual wage of $21.44 per hour during museum hours. For one week each month, the bike is displayed, and every 21 minutes and 44 seconds, a notification ding sounds, referencing the wage Ajche and his group Los Deliveristas Unidos fought for.
A rediscovered 16th-century portrait by Sofonisba Anguissola, titled *Portrait of a Canon Regular* (1552), is being shown at the Winter Show at the Park Avenue Armory in New York. The painting was found in a private collection in Durham, North Carolina, after being known only through an old black-and-white photo at the Frick Art Reference Library. Old Master dealer Robert Simon is acting as the owners' agent, and the work is priced at $450,000.
New York University has appointed Alison Weaver as the next director of its Grey Art Museum, effective May 26. Weaver, who has served as founding executive director of the Moody Center for the Arts at Rice University since 2015, succeeds Lynn Gumpert, who retired last year after leading the museum since 1997. At Rice, Weaver oversaw the completion of a new building for the Moody Center, launched an artist-in-residence program, curated over 25 exhibitions, and expanded the university's art holdings. She previously taught art history at the City University of New York and served as director of affiliate museums at the Guggenheim Museum, overseeing its outposts in Bilbao, Venice, Berlin, and Las Vegas.
New York's Metropolitan Opera is considering selling two monumental Marc Chagall murals, 'The Sources of Music' and 'The Triumphs of Music' (1966), valued at $55 million by Sotheby's, to address a severe financial crisis. The Met has already drawn $120 million from its endowment, reduced performances, and struck a controversial $100 million deal to perform in Saudi Arabia, which has drawn scrutiny over human rights abuses. The murals, which hang in the Grand Tier, would remain in place even if sold, and the Met is also exploring naming rights and theater leasing.
Artnet News has published a preview of major museum exhibitions scheduled across the United States in 2026, highlighting five standout shows. These include "Renaissance to Runway: The Enduring Italian Houses" at the Cleveland Museum of Art, which examines the intersection of fashion and art from the Renaissance to today; "The One-Two Punch: 100 Years of Robert Colescott" at the Tacoma Art Museum, celebrating the centenary of the artist known for his provocative figurative paintings; "Containing Multitudes" at the Minneapolis Institute of Art, a photography exhibition marking America's 250th year; and "Frida: The Making of an Icon" at the Museum of Fine Arts, Houston, focusing on Frida Kahlo's enduring legacy.
The Museum of Fine Arts Boston has opened "Van Gogh: The Roulin Family Portraits," the first exhibition dedicated to Vincent van Gogh's portraits of the Roulin family—the local postman Joseph Roulin, his wife Augustine, and their children. The show brings together 14 of Van Gogh's 26 depictions of the family, including loans from the Van Gogh Museum in Amsterdam, the Museum of Modern Art, the Metropolitan Museum of Art, the Philadelphia Museum of Art, the National Gallery of Art, and the Museum Boijmans Van Beuningen. The exhibition was inspired by a 2018 conversation between curators Nienke Bakker and Katie Hanson, who realized no show had ever focused on this working-class family that was so central to Van Gogh's portraiture.
Todd von Ammon, a young gallerist, critiques the contemporary art market's over-reliance on art fairs and the homogenization of gallery spaces into a sterile, grid-like system. He contrasts this with the lost charm of discovering hidden, architecturally unique galleries in labyrinthine neighborhoods, which he argues fosters a sense of urban belonging and agency for collectors and art workers. The article traces the shift from the rabbit warrens of SoHo to the dense Chelsea gallery district and the rise of the modern art fair, epitomized by Art Basel's expansion to Miami Beach in 2002, which he likens to a pyramid scheme that burdens young galleries with high costs for minimal returns.
The Barbican Centre in London will close for one year starting in June 2028 as part of a five-year "Barbican Renewal Programme" to renovate its three gallery spaces and other infrastructure. The City of London Corporation has committed £191 million (about $255.8 million) toward the £240 million ($321.3 million) project, with the remainder to be raised through a fundraising campaign. During the closure, the Barbican plans to collaborate with partners and present programming beyond its walls.
MoMA PS1, the contemporary art satellite of New York's Museum of Modern Art, announced it will offer free admission to all visitors starting January 1, 2026, thanks to a $900,000 donation from entrepreneur Sonya Yu. Previously, only New York City residents received free entry, while others faced a suggested $10 fee. The move positions MoMA PS1 as New York's largest free art museum, joining institutions like the Bronx Museum of the Arts and the American Folk Art Museum.
Maria Balshaw, director of London’s Tate, has announced she will step down in spring 2026 after nearly a decade leading the museum network. She joined in 2017, succeeding Nicholas Serota, and previously directed the Manchester Art Gallery and the Whitworth Art Gallery. During her tenure, she oversaw major exhibitions including “The EY Exhibition: Van Gogh and Britain” (2019), a Yoko Ono retrospective, and “Sargent and Fashion.” Her final project will be co-curating the largest-ever survey of Tracey Emin at Tate Modern, running from February 27 to August 31, 2026.
A Frida Kahlo painting, *El Sueño (La Cama)* (1954), sold at Sotheby’s New York for $54.7 million, setting a new auction record for the most expensive artwork by a female artist. The article, using data from the Artnet Price Database, lists the ten most expensive women artists at auction, including Lee Krasner ($11.6 million for *The Eye is the First Circle*), Jenny Saville ($12.4 million for *Propped*), Marlene Dumas ($13.6 million for *Miss January*), and Agnes Martin ($18.7 million for *Grey Stone II*).
New York's Metropolitan Museum of Art has announced plans to convert its centrally located gift shop off the Great Hall into a new gallery space dedicated to its Costume Institute, with a $50 million fundraising goal and an expected opening in 2026. The 11,500-square-foot space will replace the current Anna Wintour Costume Center, offering a more prominent location for the institute's annual blockbuster exhibitions, such as this year's "Karl Lagerfeld: A Line of Beauty." Anna Wintour, Condé Nast global editorial director and Vogue editor, will lead fundraising for the project, which also includes reconfiguring ground-floor dining and retail spaces and opening a new public entrance at East 83rd Street and Fifth Avenue.
The Whitney Museum of American Art is preparing to move into a new Renzo Piano-designed building in New York's Meatpacking District, set to open to the public about a year from now. The new downtown location is vastly larger than its current Marcel Breuer building on Madison Avenue, with 50,000 square feet of indoor exhibition space—a 33 percent increase—and a total of 220,000 square feet, nearly triple the size of the old space. The museum's best attendance year was 372,000 visitors in 2009-10, far below MoMA's 3.22 million that same year, but the new building's proximity to the High Line and tourist-heavy neighborhood is expected to dramatically boost visitor numbers.
New York's major art museums, including MoMA, the Guggenheim, the Metropolitan Museum of Art, and the Whitney, are experiencing attendance figures that have not surpassed their peaks from several years ago. MoMA projects reaching 3.24 million visitors for the 2012–13 fiscal year, just shy of its 2009–10 record of 3.22 million, driven by blockbuster exhibitions like "Magritte: The Mystery of the Ordinary" and a Sigmar Polke retrospective. Meanwhile, the Guggenheim's attendance peaked in 2009, the Met saw its busiest season in 2011–12 with 6.28 million visitors and is now on track for a second consecutive decline, and the Whitney's high was 372,000 in 2009–10. Factors cited include a harsh winter, ongoing construction at the Met, and a shift toward more scholarly exhibitions, though tourism growth in New York continues, especially among international visitors.