A new report from UBS and Art Basel, authored by Dr. Clare McAndrew, reveals that the global art market reached an estimated $67.8 billion in 2023, marking a 4% increase from the previous year. The growth was primarily driven by the high-end segment, with sales over $10 million rising by 11%, while the lower and middle markets experienced a decline.
The article highlights 11 major museum openings and expansions scheduled for 2026, including the Guggenheim Abu Dhabi (designed by Frank Gehry, focusing on modern and contemporary art from West Asia, North Africa, and South Asia), the New Museum in New York (reopening March 21 after a major expansion by OMA), the V&A East Museum in London (featuring a debut exhibition on Black British music history), and the Lucas Museum of Narrative Art in Los Angeles. Other notable projects include the Memphis Art Museum and the Drift Museum in Amsterdam, reflecting a global surge in cultural infrastructure.
British artist David Hockney has publicly criticized plans to loan the Bayeux Tapestry from France to the British Museum in London, calling the move “madness.” Writing in The Independent, Hockney argues that the 11th-century embroidery, which depicts the Norman invasion of England, could be damaged during transport across the English Channel, citing risks to its aged linen backing and wool threads. The tapestry is set to be displayed at the British Museum’s Sainsbury Exhibitions Gallery from September 2026 to July 2027 while its home in Normandy undergoes renovations. In response, British Museum director Nicholas Cullinan defended the loan, citing the museum’s expertise in handling ancient artifacts. The UK Treasury will insure the tapestry for an estimated £800 million, and in exchange, British treasures including the Lewis chessmen and Sutton Hoo helmet will travel to Normandy.
The article presents a curated selection of upcoming art exhibitions across major global cities in 2026, highlighting key shows in Paris, New York, and Tokyo. In Paris, notable exhibitions include a Georges de la Tour show at the Musée Jacquemand-André, a Renoir retrospective at the Musée d'Orsay, and a Henri Rousseau exhibition at the Musée de l'Orangerie. New York features solo shows of Egon Schiele at the Neue Galerie, Thomas Gainsborough at the Frick Collection, and Paul Klee at the Jewish Museum, while Tokyo focuses on women artists from the 1950s and 60s at the National Museum of Modern Art and a centennial exhibition at the Tokyo Metropolitan Art Museum.
The Studio Museum in Harlem reopened in November 2025 after a seven-year reconstruction, unveiling a new building designed by Adjaye Associates and Cooper Robertson that incorporates architectural elements of Harlem, such as masonry-framed windows and a staircase evoking brownstone stoops. The reopening featured a major exhibition highlighting alumni from its renowned artist-in-residence program, which began in 1968 with Tom Lloyd as the first recipient. Founded by Charles E. Innis and a coalition of artists, activists, and philanthropists, the museum has long served as a nexus for artists of African descent, expanding the canon of Black art during the civil rights and Black Power movements.
The article presents a curated guide to ten essential artworks in Dresden, Germany, highlighting the city's recovery from World War II devastation to reclaim its status as a Kunststadt (city of art). It focuses on masterpieces housed in the Staatliche Kunstsammlungen Dresden (SKD), including Raphael's *Sistine Madonna* (1512/13) at the Gemäldegalerie Alte Meister, Caspar David Friedrich's *The Great Enclosure* (1832) at the Albertinum, and a tiny cherry pit with 185 carved heads from the Grünes Gewölbe. The piece traces Dresden's golden age under rulers Augustus the Strong and Frederick Augustus II, whose acquisitions built one of Europe's most celebrated art collections.
The National Gallery Singapore will host Southeast Asia’s largest exhibition of French Impressionist art, titled “Into the Modern: Impressionism from the Museum of Fine Arts, Boston,” from November 14, 2025, to March 1, 2026. The show features over 100 paintings on loan from the Museum of Fine Arts, Boston, including works by Claude Monet, Pierre-Auguste Renoir, Edgar Degas, Paul Cézanne, Berthe Morisot, and Camille Pissarro, with 17 Monet paintings such as ‘Poppy Field in a Hollow near Giverny’ and ‘Cap Martin near Menton.’ None of the artworks have been displayed in Southeast Asia before.
Agnes Gund, the influential American arts philanthropist and collector, has died at age 87. Gund was a transformative figure at the Museum of Modern Art (MoMA) in New York, serving on its board from 1976, as president from 1991 to 2002, and later as president emerita. She helped raise funds for MoMA's $858m expansion, donated around 100 works to the museum, and pushed for acquisitions of women and artists of color. Beyond MoMA, she founded Studio in a School in 1977 to bring art education to New York City public schools and co-chaired a Sotheby's auction to support Miss Porter's School. Her death was first reported by The New York Times; she is survived by four children.
The article highlights 17 New York City art exhibitions opening in fall 2025, with six previewed in detail. Major events include the long-awaited reopening of the Studio Museum in Harlem on November 15 with a new seven-floor building and shows featuring Tom Lloyd and works from its collection; the New Museum's reopening after renovation with the inaugural exhibition "New Humans: Memories of the Future"; and the Whitney Museum's "Sixties Surreal" exhibition surveying American art from 1958 to 1972. Other notable shows include a Robert Rauschenberg centennial exhibition at the Guggenheim Museum, Ai Weiwei's public installation "Camouflage" on Roosevelt Island, and a fashion-focused exhibition at the Hispanic Society Museum & Library.
Artnet News's Wet Paint column reports that former David Zwirner director Felix Rödder is opening his own gallery, Rodder (no umlaut), on September 18 at 22 East 80th Street on the Upper East Side, in the same building as Sprüth Magers. The jewel-box space, formerly Barbara Mathes Gallery, will debut with a solo show of sculptural paintings by Wyatt Kahn. Rödder, a lawyer-turned-dealer, plans to mix contemporary programming with historical exhibitions, keeping overhead low and avoiding art fairs for now. The column also teases a mention of Aby Rosen's involvement in the New York mayoral race.
The legendary Surrealist collection of the late Pauline Karpidas, a renowned art patron and collector, will be auctioned at Sotheby's London in September 2025. The sale spans approximately 250 lots from her eccentric London home, featuring masterworks by René Magritte, Leonora Carrington, Salvador Dalí, Max Ernst, and Les Lalannes. The collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's Europe. Highlights include Magritte's 'La Statue volante' (1940–41), estimated at £9–12 million, and works acquired directly from the estates of Surrealist figures like André Breton and Paul Éluard.
The Metropolitan Museum of Art has announced its MetLiveArts fall and winter 2025–26 season, featuring world premiere performances and commissions created specifically for the museum's galleries, as well as concerts in the Grace Rainey Rogers Auditorium. The season highlights a significant number of new works by female artists, including composers and musicians Gabriela Ortiz, Wu Man, Hanzhi Wang, Emily Wells, Layale Chaker, and Leilehua Lanzilotti. Performances will draw inspiration from the Met's collection and special exhibitions like 'Man Ray: When Objects Dream,' with events beginning September 9, 2025, featuring Wu Man and The Knights. The season also includes the JACK Quartet as the museum's 2025–26 Quartet in Residence and the appointment of Sarah Jones as Head of Live Arts.
The Montreal Museum of Fine Arts (MMFA) has opened a major exhibition titled "Berthe Weill, Art Dealer of the Parisian Avant-garde," showcasing over 100 works that Weill exhibited in her Paris galleries between 1901 and 1940. The show highlights her role in launching the careers of artists such as Picasso, Matisse, Modigliani, and Suzanne Valadon, and includes paintings, drawings, sculptures, and archival materials. Weill, born to a poor Jewish family, opened her first gallery at age 36 using her mother's dowry, never charged for exhibitions, and often sold her own possessions to keep her spaces afloat. Despite her immense contributions, she died in poverty and has been largely omitted from art history.
The Modern Art Museum of Fort Worth will present "David-Jeremiah: The Fire This Time," a solo exhibition organized by guest curator Christopher Blay, running from August 17 to November 2, 2025. The show features new works by multidisciplinary conceptual artist David-Jeremiah, including the final polychromatic EE (Emma Esse) series of seven paintings, and continues his exploration of Black identity, humanity, and ritual through inverted-performance installations centered on the Lamborghini as a symbol of beauty and violence.
The Los Angeles County Museum of Art (Lacma) opened its new $720 million David Geffen Galleries building to 2,000 members and guests for previews on June 27, 2025, before its official opening in April 2026. Designed by Swiss architect Peter Zumthor, the elevated concrete structure spans Wilshire Boulevard with 110,000 square feet of gallery space, floor-to-ceiling windows, and a 300-seat theater. Musician Kamasi Washington organized a "sonic preview" with 100 jazz musicians performing his six-part suite *Harmony of Difference* throughout the empty space. The building sits adjacent to the preserved Japanese Pavilion (designed by Bruce Goff, 1988) and features Tony Smith's sculpture *Smoke* (1967) in a courtyard.
Queensland's Gallery of Modern Art (QAGOMA) in Meanjin/Brisbane has opened 'Wonderstruck', a major free exhibition featuring over 100 works from its collection. The show includes large-scale installations by artists such as Patricia Piccinini, Ron Mueck, Michael Parekōwhai, Yayoi Kusama, and Tobias Putrih, with interactive elements encouraging visitors to touch the art. Highlights include Kusama's 'The Obliteration Room', a participatory installation where visitors cover a white space with colorful stickers, and works created by local high school students in a workshop with artist Gemma Smith.
On the second day of the Art Basel VIP preview, sales continued at a slower pace. White Cube sold Michael Armitage's 2015 painting *In the garden* for $3.2 million, while Gagosian placed a large lobster sculpture by Jeff Koons for a seven-figure sum. Pace Gallery reported that a Pablo Picasso painting *Homme à la pipe assis et amour* (1969), priced at $30 million, remains on reserve, though it did sell a 1964 bronze by Louise Nevelson for $850,000. Berlin's Galeria Plan B sold an untitled 2025 Adrian Ghenie painting for €1 million, and Hauser & Wirth sold Frank Bowling's *Iceni* (1975) for $1.8 million, with Felix Gonzalez-Torres's *"Untitled" (Go-Go Dancing Platform)* (1991), priced at $16 million, placed on serious hold for an institution.
The University of California, Irvine (UCI) has entered talks to take over the Orange County Museum of Art (OCMA), a move announced last week. The discussions come shortly after OCMA director Heidi Zuckerman revealed she will leave when her contract expires in December. If an agreement is reached, the proposal will go to the University of California Board of Regents this autumn. The potential merger follows OCMA's reopening in a new $94 million building in 2022 and the upcoming edition of its California art biennial.
Christie's and Sotheby's held their spring marquee auctions in Hong Kong and Shanghai, timed to coincide with Art Basel Hong Kong for the first time. Christie's evening sale of 20th and 21st century art in Hong Kong achieved HKD 560 million (USD 72 million) with a 95% sell-through rate, led by Jean-Michel Basquiat's *Sabado por la Noche (Saturday Night)* (1984) at HKD 112.6 million. Other highlights included a new artist record for Zhang Enli's *Intimacy* (2002) at HKD 23.4 million, and strong sales for works by Yayoi Kusama, Zao Wou-Ki, and Adrian Ghenie, though most lots sold near their low estimates.
A new auction record has been set, with a significant artwork selling for a high price at a major auction house. The sale took place recently, drawing attention from collectors and the art market.
Photographer Ron Timehin discusses a standout image from his documentary project in Labadi, Accra, featuring five local community members and a horse against a ruined farm building. The project, commissioned by My Runway Group, aims to move away from traditional documentary tropes by portraying West African communities in a collaborative, dignified, and elegant manner.
Dustin Yellin, known for his glass sculptures and as founder of Pioneer Works, has made his first film, *Goodnight Lamby*, produced by Darren Aronofsky's A.I.-focused studio Primordial Soup. The short film, a hero's journey to rescue his daughter Zia's favorite stuffed animal, premiered at Cannes. Yellin discusses the project with his friend actor Paul Rudd, who voices the character "Papa," exploring how fatherhood and his existing artistic practice of "frozen cinema" inspired the animation.
The 2026 IFPDA Foundation Benefit Gala took place on the Upper East Side, honoring Christophe Cherix, Director of The Museum of Modern Art. Held in the historic Veterans Room at the Park Avenue Armory, the event gathered notable figures including artists Hank Willis Thomas and Yashua Klos, collectors Sharon Coplan, Stewart Gross, and Jordan Schnitzer, dealers Carolina Nitsch, Jill Newhouse, and Joni Moisant Weyl, and curators Nadine Orenstein, Freyda Spira, and Andrew Weislogel. A new print edition by Stanley Whitney, produced with Universal Limited Art Editions, was released to support the IFPDA Foundation’s grantmaking initiatives.
Curator Karen Mary Davalos removed a 1969 portrait of Cesar Chavez by George Rodriguez from the exhibition "Chicano Camera Culture: A Photographic History, 1966 to 2026" at the Cheech Marin Center for Chicano Art and Culture in Riverside, California. The decision came after news reports on March 17 revealed that Chavez had assaulted multiple women and girls associated with the United Farm Workers, including allegations of rape against co-founder Dolores Huerta. Davalos, who curated the show, acted swiftly after a call from interim director Valerie Found, removing the photograph to avoid honoring a figure now seen as an abuser.
Chile's new president, José Antonio Kast, has implemented a 3% budget cut across all government ministries, including the Ministry of Cultures, Arts and Heritage. This reverses the trend of his predecessor, Gabriel Boric, who significantly increased cultural funding. The new Minister of Cultures, Francisco Undurraga, has stated there is "excessive spending on culture," and the government is seeking an additional $1bn in cuts, requiring ministries to identify alleged abuses in public fund usage.
The Bayeux Tapestry, a 230-foot-long medieval textile depicting the Norman Conquest of 1066, will be loaned to the British Museum in London for the first time in 950 years. The historic deal between Britain and France is set to be finalized on July 9, with the tapestry expected to appear in a blockbuster exhibition about the Norman Conquest opening in September 2026. In exchange, treasures from across the U.K.—including artifacts from Sutton Hoo and the Lewis chessmen—will travel to France. The agreement will be announced by British Prime Minister Keir Starmer and French President Emmanuel Macron, and signed by British Museum director Nicholas Cullinan.
The Metropolitan Museum of Art's Costume Institute will launch a new fashion exhibition titled "Costume Art" at the 2026 Met Gala, curated by Andrew Bolton. The show features 400 items across sections exploring body types historically marginalized in art, including the corpulent, disabled, pregnant, and aging body. It debuts in the newly renovated Conde M. Nast galleries on the museum's main floor, with custom mannequins modeled on real individuals such as Sinéad Burke, Aariana Rose Philip, and Goddess Bunny. The exhibition pairs fashion garments with art objects to argue that fashion is art, and will be open to the public from May 10 for eight months.
MoMA PS1 kicked off its 50th anniversary year with an intimate cocktail event at the Tribeca townhome of board member Michi Jigarjian, hosted by the museum's patron group the Greater New Yorkers. Over 100 guests—including artists, collectors, dealers, and curators—gathered for remarks from Director Connie Butler, Chief Curator Ruba Katrib, and co-chairs Leslie Fritz, Ed Tang, and Amitha Raman, followed by a performance by experimental cellist Dorothy Carlos. Attendees received a first look at the upcoming quinquennial exhibition "Greater New York 2026," which will feature over 50 New York-based artists, with a partial list including Farah Al Qasimi, Fields Harrington, Hardy Hill, Sofia Sinibaldi, and Julia Wachtel.
Banksy's Walled Off Hotel in Bethlehem has reopened for the first time since the October 7 attacks on Israel and the subsequent war in Gaza. The hotel, which opened in 2017 across from the West Bank barrier, functions as a guesthouse, museum, art gallery, bookstore, and spray-paint shop, with nearly every window facing the 30-foot-high concrete wall. Manager Wisam Salsaa described the reopening as a symbol of hope and a cultural platform carrying the narrative of Palestine, featuring more than 20 original Banksy works and accommodation ranging from $70 bunk beds to a $495 presidential suite.
The XXIX edition of the Compasso d'Oro award, founded in 1954 by Gio Ponti and Rinascente, concluded at the ADI Design Museum in Milan. The jury awarded 3 Compassi d'Oro Young, 10 student project recognitions, 38 honorable mentions, and 20 Compasso d'Oro ADI prizes. Winning projects include Array sofa by Snøhetta for MDF Italia, Bilboquet lamp by Philippe Malouin for Flos, D'Antan armchair by Raffaella Mangiarotti for De Padova, and the Salone del Mobile.Milano Annual Report 2024. Career awards were given to nine figures including Giovanni Arvedi, Paola Lenti, and Alberto Meda, while three iconic products—Sedia '64 by AG Fronzoni, Tavolo Eros by Angelo Mangiarotti, and Tavolo con ruote by Gae Aulenti—received career Compassi d'Oro. The exhibition of all nominated projects runs until June 4, 2026.