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art collecting debraj ray professor economics

Economic theorist and NYU economics professor Debraj Ray discusses his art collection, which began with a Picasso etching purchased from a Berkeley gallerist after his daughter Zayira discovered the image online. His collection focuses on early- and mid-20th-century masters, including works by Joan Miró, Egon Schiele, and Henry Moore, with a preference for monochrome etchings and lithographs. Ray describes how his analytical mindset as an economic theorist connects to his approach to art, viewing aesthetics and mathematics as interconnected modes of thinking.

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female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

Nicole Kidman's Billion-Dollar Breakfast at Christie's

Christie's held a record-setting evening sale on May 18, 2025, that generated over $1 billion, featuring a promotional video starring Nicole Kidman. Jackson Pollock's drip painting "Number 7A, 1948" sold for $181.2 million, nearly tripling the artist's previous auction record, while Constantin Brancusi's bronze bust "Danaïde" (c. 1913) fetched $107.6 million, becoming the second most expensive sculpture ever sold. The works came from the collection of late magazine magnate S.I. Newhouse, and a Rothko from Agnes Gund's collection also set a new artist record at $98.4 million.

Malaysia Showcases Recovered 1MDB Artworks, From Picasso to Miró

Four artworks recovered from the 1MDB scandal—by Picasso, Miró, Balthus, and Maurice Utrillo—have gone on public display for the first time at the Malaysian Anti-Corruption Commission headquarters in Putrajaya. The paintings were repatriated from New York after being traced through Sotheby’s and shipped back to Malaysia on April 14. They are part of a broader art trail linked to the massive financial fraud, with Malaysian officials framing the display as an act of restitution rather than an art event.

claire tabouret criticism notre dame cathedral commission

French figurative painter Claire Tabouret has been awarded the commission to create new stained glass windows for Notre-Dame Cathedral, replacing 19th-century works by Eugène Viollet-le-Duc and Jean-Baptiste Lassus that survived the 2019 fire. Her designs, featuring multiethnic, multigenerational worshipers during Pentecost, were unveiled in the exhibition "Claire Tabouret: In a Single Breath" at the Grand Palais. The project, chosen by President Emmanuel Macron and Archbishop Laurent Ulrich from 110 candidates, has drawn criticism as an act of vanity and a possible violation of heritage guidelines, though Tabouret and Macron remain undeterred.

claire tabouret notre dame windows grand palais

French artist Claire Tabouret is presenting her full-scale maquettes for Notre-Dame Cathedral's new stained glass windows at the Grand Palais in Paris, in an exhibition titled "In a Single Breath." The six windows, each over 20 feet tall, were selected by a committee from over 100 submissions last December, replacing 19th-century designs by Eugène Viollet-le-Duc. The project has sparked controversy: conservation group Sites and Monuments launched a petition with over 328,000 signatures and a legal case arguing the replacement violates the 1964 Venice Charter and French historic monuments law. A Paris administrative court ruled in favor of the state in late November, but the group plans to appeal. Tabouret's designs are now being fabricated by the historic Atelier Simon-Marq glass workshop.

alexander calder painted wood mobile christies

Alexander Calder's painted wood mobile "Painted Wood" (ca. 1943) sold for $20.4 million at Christie's 20th-century evening sale in New York, exceeding its $15–$20 million estimate. The work, from the collection of Patricia Phelps de Cisneros, was acquired over 30 years ago and made its auction debut. Bidding was competitive among Christie's staffers Alex Rotter, Max Carter, and Patrick Saich, with Saich winning the lot for a client after a brief technical hiccup. The result is the second-highest price ever for a Calder at auction, behind "Poisson volant (Flying Fish)" (1957) which sold for $25.9 million in 2014.

taylor swift ex neighbor sentenced selling fake picassos basquiats

Carter Reese, a 77-year-old former teacher and college admissions consultant from Reading, Pennsylvania, was sentenced to 60 days in prison, two years of supervised release, a $50,000 fine, and $186,125 in restitution for selling forged artworks attributed to Pablo Picasso, Andy Warhol, and Joan Miró. Reese pleaded guilty to wire fraud and mail fraud in May, admitting that from 2019 to 2021 he sold or attempted to sell counterfeit pieces using false affidavits and signatures, and claimed he acquired them from a supplier using the pseudonym 'Ken James'—who had previously been convicted for selling $1 million in fake art.

christies robert patricia weis collection sale

Christie’s has secured the collection of Robert F. Weis and Patricia G. Ross Weis for its November sales in New York, with 80 lots valued at over $180 million. The collection spans Cubism to Abstract Expressionism and includes major works by Picasso, Matisse, Mondrian, and Rothko, with top estimates reaching $50 million. The Weis family, founders of Weis Markets, assembled the collection over more than seventy years, and 18 lots will be sold in a single-owner sale ahead of Christie’s 20th-century evening sale.

eureka max ernst grattage technique

The article explores how German Surrealist Max Ernst developed the techniques of frottage and grattage in the mid-1920s. Frottage—rubbing paper over textured surfaces like floorboards, leaves, and netting—allowed Ernst to create spontaneous, unconscious imagery, culminating in his 1926 publication *Natural History*. He later adapted the method to canvas as grattage, scraping layers of paint over textured materials to reveal abstract forms, drawing on influences from Leonardo da Vinci and memories of his childhood in the Rhineland.

pennsylvania man pleads guilty fake picasso basquiat

A 77-year-old Pennsylvania man, Carter Reese, pleaded guilty on May 29 to wire fraud and mail fraud for selling artworks falsely attributed to major modern and contemporary artists including Joan Miró, Pablo Picasso, Andy Warhol, Jean-Michel Basquiat, Roy Lichtenstein, Keith Haring, Fernand Léger, and Francis Bacon. The scheme ran from February 2019 to March 2021, and was uncovered by the FBI's Art Crime Team in Philadelphia and Miami. Reese, a former teacher and admissions director at Pottstown's Hill School, also claimed a personal collection of 17,000 antiques valued at over $6 million.

A Deep Dive Into Westchester’s Arts Scene Right Now

This article surveys the visual arts scene in Westchester County, New York, highlighting museums, galleries, public displays, and artist profiles north of Manhattan. It features institutions such as the Neuberger Museum of Art, ArtsWestchester, Hammond Museum & Japanese Stroll Garden, Hudson River Museum, and Hudson Valley MOCA, noting specific exhibitions like "Smoke in Our Hair: Native Memory and Unsettled Time" and "Bill Viola: Moving Stillness." The piece emphasizes that Westchester offers a vibrant, bucolic alternative to New York City's art scene, with historic estates and contemporary spaces showcasing both established and emerging artists.

26 Best Museums in the U.S. for Art, Culture, and Unique Experiences

This travel guide highlights 26 of the most significant museums across the United States, ranging from massive encyclopedic institutions to niche cultural centers. The list features major art landmarks like the Metropolitan Museum of Art and the Getty Center alongside specialized venues such as the Smithsonian National Museum of Natural History and the immersive art experience Meow Wolf.

Weston Loan Programme with Art Fund marks first decade

The Weston Loan Programme with Art Fund has announced support for 15 new exhibitions as it celebrates its tenth anniversary. This grant initiative provides regional and smaller UK museums with the necessary funding to cover logistical costs—such as insurance, transport, and security—required to borrow major works from national collections. Notable upcoming projects for 2026 include the return of John Constable’s 'The Hay Wain' to Suffolk and Joseph Wright of Derby’s 'An Experiment on a Bird in the Air Pump' to the artist's hometown for the first time in eight decades.

Art Fund celebrates decade of lending programme with Rossetti and Surrealist loans

The Art Fund is celebrating the tenth anniversary of its Weston Loan Programme by facilitating the loan of major masterpieces to 15 regional UK institutions. High-profile works, including Dante Gabriel Rossetti’s 'Beata Beatrix' and Joseph Wright of Derby’s 'An Experiment on a Bird in the Air Pump', will travel from national collections like the National Gallery and Tate to smaller galleries in Newcastle, Derby, and Ipswich. The program covers essential logistical costs such as insurance, transport, and security that are typically prohibitive for local museums.

Christie’s New York surpasses $1 billion

Christie’s New York kicked off its 20th and 21st Century Art sales week on 18 May 2026 with a record-shattering evening, generating over $1.12 billion across two sales: Masterpieces: The Private Collection of S.I. Newhouse and the 20th Century Evening Sale. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million, setting a new auction record for the artist. Other artist records were set for Constantin Brancusi, Joan Miró, Alice Neel, and Mark Rothko. The S.I. Newhouse collection alone achieved $631 million, selling 100% of lots, and its cumulative total across four Christie’s sales reached $1.05 billion, making it the second-highest collection ever sold at auction after Paul Allen’s.

Helen Frankenthaler at Kunstmuseum Basel

Kunstmuseum Basel has opened a major exhibition of Helen Frankenthaler's work, running from April 18 to August 23, 2026, featuring over 50 large-format pieces spanning six decades. The Helen Frankenthaler Foundation loaned 37 works for the show. The article also notes recent auction results, including Christie's offering of 'The Last Minute in April' (1974) for an estimated $2–3 million, and Sotheby's sales of 'St. John' (1971) for $2.1085 million and 'Perseus' (1983) for $2.804 million. Previous European exhibitions of Frankenthaler's work are listed, including shows at Museo di Palazzo Grimani, Museum Folkwang, Palazzo Strozzi, and Museum Reinhard Ernst.

How the Arts Club of Chicago Stays Contemporary in its Second Century

The Arts Club of Chicago, founded in 1916, continues to balance its historic legacy with contemporary relevance under executive director and chief curator Janine Mileaf. The club, which gave Pablo Picasso his first solo institutional exhibition in the U.S. in 1923 and hosted figures like Gertrude Stein and John Cage, now operates as both a public space and a private membership club. Mileaf’s programming emphasizes Dada and surrealist roots while showcasing experimental, site-specific works, including a recent installation by Korean artist Haegue Yang. The club maintains a close relationship with Chicago’s arts community, aiming to expose audiences to challenging and surprising art.

The Many Forms of Marcel Duchamp

The New Yorker's Hilton Als reviews "Marcel Duchamp," a major retrospective at the Museum of Modern Art (MoMA) in New York, running through August 22, 2026. Curated by Matthew Affron, Michelle Kuo, and Ann Temkin, it is the first North American retrospective of Duchamp's work since 1973, organized in collaboration with the Philadelphia Museum of Art. The exhibition spans MoMA's entire sixth floor, showcasing Duchamp's shape-shifting practice—from iconic works like "Nude Descending a Staircase (No. 2)" (1912) and "Bicycle Wheel" (1951) to his readymades and conceptual pieces—emphasizing his rejection of commodification and embrace of intellectual freedom, play, and queer sensibilities.

Houston's Own Opera Gallery Opens In River Oaks District — An International Art Coup Draws A-Listers

Opera Gallery has officially opened its latest international location in Houston’s River Oaks District, marking the occasion with a series of high-profile events including a collector's preview and a VIP opening. The new space debuted with an impressive inventory of modern and contemporary masterpieces, featuring works by blue-chip artists such as Marc Chagall, Pablo Picasso, Joan Miró, Yayoi Kusama, and Keith Haring. The opening festivities drew a significant crowd of Houston’s social and art elite, signaling a major addition to the city's luxury retail and art landscape.

Sarasota Fine Art Festival and Naples Downtown Art Fair are March 21 and 22

Southwest Florida’s outdoor art season culminates this weekend with the Sarasota Fine Art Show and the 38th Annual Naples Downtown Art Fair. These regional staples will feature over 200 exhibitors across Sarasota Art Museum’s grounds and Naples’ Cambier Park, offering a mix of commercial vendor stalls and high-caliber fine art.

Obituary | Umberto Allemandi, visionary publisher who founded 'Il Giornale dell’Arte', has died aged 88

Umberto Allemandi, the influential Italian publisher and founder of 'Il Giornale dell’Arte', has died at the age of 88. After early career stints in advertising with Armando Testa and directing 'Bolaffi Arte', Allemandi launched his own publishing house in 1982. His most significant contribution was the creation of a monthly publication designed with the rigor and layout of a daily newspaper, dedicated entirely to the art world and modeled after London’s 'The Times'.

Henry Moore and Dorothea Tanning set records at Christie's triple-header sale in London

Christie’s London achieved a robust £197.4 million total across three evening sales, representing a 52% year-on-year increase for the season. The marathon auction was defined by a high 96% sell-through rate and record-breaking prices for major artists, most notably Henry Moore, whose sculpture "King and Queen" sold for £26.3 million. The evening demonstrated a strong appetite for "fresh to market" works and Surrealist masterpieces, even as some lots hammered at the lower end of their estimates.

Reina Sofía Museum

The Reina Sofía Museum in Madrid has closed its garden for maintenance and temporarily closed its two satellite buildings, the Glass Palace and Velázquez Palace in El Retiro Park, for renovation. The main museum remains open, showcasing its renowned collection of modern and contemporary art, including Picasso's Guernica and works by Dalí, Miró, and Bourgeois.

Read the Room: Dallas Museum of Art’s “International Surrealism” Misses the Mark

The Dallas Museum of Art's exhibition "International Surrealism" is critiqued as a missed opportunity during the centennial of the surrealist movement. The author argues that while the show presents a broad survey of mixed-media works from around the world, divided into six thematic subgroups, it lacks the political urgency and revolutionary context that defined surrealism's origins in 1925. The exhibition, initially curated by Matthew Gale from the Tate Modern collection and presented locally by Sue Canterbury, is described as whimsical and decorous, reducing the movement's subversive power to quirky categories and gift-shop fodder.

Order and chaos in contemporary Israeli art

Basia Monka profiles three contemporary Israeli artists—Ariel Hacohen, Jessica Moritz, and others—who, despite diverse backgrounds and mediums, share a common drive to explore order and chaos through repetition in their work. Hacohen, a 2024 Rappaport Prize laureate, uses photography, video, and sculpture to blend archaeology, history, and memory, with current exhibitions at the Haifa Museum of Art and Tel Aviv Museum of Art. The article presents each artist's answers to three questions about inspiration, the definition of art, and what makes their work unique.

High Wire: Calder’s Circus at 100

The Whitney Museum of American Art in New York is presenting "High Wire: Calder’s Circus at 100," a centennial exhibition celebrating Alexander Calder's iconic work "Calder’s Circus" (1926-31). The show brings together the miniature circus figures, wire sculptures, drawings, archival materials, and early abstract works, exploring how the circus inspired Calder's lifelong exploration of balance and movement, leading to his invention of the mobile. The exhibition runs from October 18, 2025, to March 9, 2026, and is co-curated by Jennie Goldstein and Roxanne Smith.

Sotheby’s secures $120m Pritzker and $400m Lauder collections, with works by Matisse, Munch and Van Gogh

Sotheby’s has secured two major private collections for its autumn New York sales: the Pritzker collection, estimated at $120 million, and the Lauder collection, valued at around $400 million. The Pritzker collection includes Vincent van Gogh’s *Romans Parisiens* (1887) with a $40 million estimate, while the Lauder collection features Gustav Klimt’s *Portrait of Elisabeth Lederer* (1914-16) estimated at over $150 million, along with works by Matisse, Munch, and Martin. The sales will take place at Sotheby’s new headquarters in the Breuer Building this November.

Albanian dictator’s fortress-like palace becomes ‘hub for artistic experimentation’

Vila 31, a Brutalist compound in Tirana that once served as the fortress-like residence of Albanian dictator Enver Hoxha, has been transformed into an artistic hub called Vila 31—Art Explora. Opened in April by the Paris-based Art Explora Foundation, the site now hosts up to 30 international artists annually for residencies and experimentation, with programming developed in collaboration with the École nationale supérieure d’arts de Paris-Cergy, the Museum of Contemporary Art Skopje, and Oral History Kosovo. The conversion, led by NeM Architectes, preserves key elements of the original structure while radically reimagining its interior, turning a symbol of repression into a center for creative freedom.

Ten essential works of art to see on the French Riviera

The article highlights ten essential artworks to see on the French Riviera, tracing the region's artistic heritage from the 19th century to the present. It features works by Paul Signac, Henri Matisse, Ludovico Brea, and others, housed in museums such as the Musée de l'Annonciade in Saint-Tropez and the Musée Matisse in Nice, with historical context on how artists like Renoir, Picasso, and Chagall were drawn to the area's light and atmosphere.