New School Faculty React to Plans to Lay Off 15% of Workforce

The New School announced plans to lay off 15% of its full-time faculty and staff by mid-June, a move driven by a projected $48 million deficit and a 20% enrollment decline since 2021. The cuts are part of a broader workforce reduction strategy that has already included voluntary buyouts. The restructuring will disproportionately affect the New School for Social Research and Eugene Lang College of Liberal Arts, which are undergoing major mergers and program discontinuations, while the Parsons School of Design faces fewer cuts.

Collapse Finance, Part 1: Introduction

The global financial landscape is undergoing a structural shift toward "collapse finance," where institutions designed to manage risk are increasingly profiting from and accelerating systemic instability. Amid geopolitical turmoil and the abandonment of green initiatives, traditional concepts of market security are unravelling, replaced by a system that monetizes uncertainty through instruments like catastrophe bonds and volatile cryptocurrencies.

The Procession as a Form of World: Latin American Artists at the Diriyah Biennale

LA PROCESIÓN COMO FORMA DE MUNDO: ARTISTAS LATINOAMERICANOS EN LA BIENAL DE DIRIYAH

The third Diriyah Contemporary Art Biennale, titled 'In Interludes and Transitions,' is open until May 2nd in Saudi Arabia's historic Diriyah district. Curated by Nora Razian and Sabih Ahmed, the exhibition features 68 artists from over 37 countries and frames the world as a multitude of processions, using movement as its central theme and methodology. The exhibition design by Formafantasma encourages a fluid, nomadic journey through four thematic movements and site-specific 'arenas' within the repurposed industrial halls of the JAX creative district.

One of the fairs during Milan Art Week will be open until midnight (and you can even have dinner there)

Una delle fiere in corso a Milano durante questa Art Week sarà visitabile fino a mezzanotte (e ci puoi anche cenare)

MEGA Art Fair has announced an unconventional schedule for its third edition during Milan Art Week 2026, extending its opening hours until midnight. Located in the former Esperis perfume factory known as PROFUMO, the fair will occupy over 3,000 square meters of industrial space. The event features a multidisciplinary public program and a unique "sensory dinner" titled The Perfume Table, which translates the olfactory structure of perfumes into a gastronomic experience set among artworks.

Kazuhito Kawai & Alexa Kumiko Hatanaka "Tsuitayo: Becoming by Making" @ KOTARO NUKAGA (Roppongi)

川井雄仁&アレクサ・クミコ・ハタナカ「ついたよ：Becoming by Making」@ KOTARO NUKAGA（六本木）

Artists Kazuhito Kawai and Alexa Kumiko Hatanaka are presenting a joint exhibition titled "Tsuitayo: Becoming by Making" at KOTARO NUKAGA in Roppongi, Tokyo. Running from March 14 to April 10, 2026, the show features Kawai’s expressive ceramic sculptures alongside Hatanaka’s textile-based works, including her signature "Noren" and "Tabi" pieces. The exhibition highlights a dialogue between Kawai’s tactile, often grotesque ceramic forms and Hatanaka’s exploration of heritage and craft through traditional Japanese materials.

Gold by Serakai Studio’s ‘Certainly’ exhibition leans into unpredictability

Serakai Studio has launched its inaugural exhibition, "Certainly," at its new Wong Chuk Hang space, Gold, in Hong Kong. Curated by Tobias Berger, the show features 50 works by 11 international artists and takes its conceptual cue from La Monte Young’s 1960 Fluxus score, "Draw a straight line and follow it." The exhibition explores the impossibility of perfection and the necessity of embracing unpredictability and experimentation in a volatile global climate.

WAYS OF REMEMBERING YAHUARCANI AND MUNOZ AT MASP

The Museu de Arte de São Paulo (MASP) is currently presenting two distinct exhibitions that explore memory, identity, and historical violence in Latin America. 'Santiago Yahuarcani: The Beginning of Knowledge' features 35 works by the Peruvian artist that weave together Uitoto cosmology with the traumatic history of the Amazon rubber boom, while 'Video Room: Oscar Muñoz' showcases three video works by the Colombian artist that use ephemeral materials to reflect on political disappearance and the instability of the image.

We had to make difficult decisions

"Wir mussten schwierige Entscheidungen treffen"

Investor Andrew E. Wolff has stepped down as CEO of Artnet after orchestrating a merger of the company's US operations with Artsy, another major art market platform he recently acquired. Jeffrey Yin, previously the interim head of Artsy, has been appointed as the permanent CEO of the combined entity. The restructuring involves significant layoffs, the closure of Artnet's Berlin office, and a consolidation of management teams, though both brands will continue to operate with distinct editorial voices.

FLESH, FREQUENCY, FLIGHT: Acra’s Angels descend on the ICA

The Institute of Contemporary Arts (ICA) in London is hosting 'Angels', a new exhibition of paintings by the multidisciplinary Venezuelan artist Arca. Returning to the venue where she gave her first live vocal performance over a decade ago, Arca presents a series of works created with paint, marker, and mixed media. These pieces explore themes of instability and transformation, featuring fluid forms that hover between figuration and abstraction.

Why Aguirre's works remained out of the public eye

Two Madrid galleries, Malvin Gallery and Espacio Jovellanos, have launched a dual exhibition titled 'Mi perro tiene memoria' to showcase the long-overlooked work of Spanish artist Luis Fernando Aguirre. Following his death in 2021, Aguirre’s family worked to bring his extensive archive out of his studio and into the public eye, featuring both his courtroom illustrations for El País and his evolution through expressionism and figurative painting.

The Art Market’s Uneven Recovery, Explained

Global auction sales saw a 13 percent increase in 2025, signaling the first market recovery in several years. However, this growth was largely concentrated in New York through the sale of high-value masterpieces, while other regions like China continued to experience a decline in activity.

Plan to build border wall along the Rio Grande in Texas threatens prehistoric rock art, locals warn

Plans to extend the US-Mexico border wall through Val Verde County, Texas, threaten to damage or destroy hundreds of prehistoric rock art murals in the Lower Pecos region. Archaeologists and local landowners warn that construction vibrations could destabilize the rock surfaces housing these ancient paintings, some of which are over 5,700 years old and span up to 100 feet in length.

Canadian foundation with ties to Israel’s biggest real-estate company ceases funding for Toronto Arts Foundation following protests

The Azrieli Foundation, a major Canadian philanthropic organization with ties to Israel's largest real-estate company, has ended its funding agreement with the Toronto Arts Foundation. The decision follows a sustained two-year protest campaign by the group Artists Against Artwashing, which included disruptions at a major Toronto arts event and an open letter signed by over 450 artists and cultural workers.

‘How can you forget me’: show details Filipino Americans’ rich history

Antonio Somera discovered 26 steamer trunks belonging to early 20th-century Filipino migrants in a Stockton, California basement in 2005. The trunks' contents, including a pillowcase embroidered with the phrase "HOW CAN YOU FORGET ME," form the core of the exhibition "How Can You Forget Me: Filipino American Stories" at the Smithsonian's National Museum of American History in Washington DC, offering an intimate look at the lives of the Manong Generation of laborers.

Centuries-old pottery firm Denby set to call in administrators

The 217-year-old British pottery firm Denby has called in administrators, putting nearly 600 jobs at risk and threatening the closure of the historic Derbyshire manufacturer. The company, which also owns the Burleigh brand, struggled with soaring gas costs, higher labor expenses, tighter financial markets, and softening consumer demand for its premium homeware, leading to a 17% sales drop in its most recent accounts.

Glasgow arts hub tenants condemn ‘unsustainable’ rent rises by landlord

Tenants at Glasgow's Trongate 103 cultural hub are protesting what they call "unsustainable" rent and service charge increases imposed by City Property, an arm's-length organization managing buildings for Glasgow City Council. Organizations like Transmission Gallery, Street Level Photography, and Glasgow Print Studio face potential displacement after receiving notices to quit or demands for significant cost hikes, with one group citing a £700,000 annual increase.

Artnet and Artsy Announce They’re ‘Joining Forces’ Under Shared Leadership

Artnet and Artsy have announced a strategic merger under a single leadership structure following their acquisition by Beowolff Capital. While both platforms will maintain their distinct brand identities and websites, they will now operate as a combined organization led by Artsy CEO Jeffrey Yin, with Beowolff Capital founder Andrew Wolff serving as chairman. The move aims to integrate Artnet’s industry-leading price database and journalism with Artsy’s expansive e-commerce and discovery marketplace.

Masha Foya’s Airy Illustrations Embrace the Universality of Emotions

Kyiv-based illustrator Masha Foya has released a new series of dreamlike works that blend human emotion with the natural world. Her illustrations often feature surreal architectural and organic elements, such as foliage tunnels forming into hands or planes flying through bird-shaped apertures, to represent the boundlessness of the human imagination. The collection includes a mix of personal explorations and high-profile commissions for international publications.

Painterly Figures Entwine in Soojin Choi’s Ceramic Sculptures

Ceramic artist Soojin Choi creates intricate sculptures of entangled pairs, using stoneware slabs and nylon strands to achieve a precarious balance that minimizes contact with the ground. Her painterly background is evident in the gestural marks, visible brushstrokes, and drips on the white-slipped surfaces, with the artist describing her process as a "constant negotiation with gravity."

Private Art Schools Enter a Period of Turbulence

Les écoles d’art privées traversent une zone de turbulence

A wave of bankruptcies and judicial reorganizations is hitting the private art education sector in France. Following the closure of the École d’art de Montreuil, the Académie des arts appliqués (AAA) in Dijon and the École supérieure de design in Troyes have both entered receivership. These institutions are struggling with severe financial deficits, unpaid staff, and a sharp decline in student enrollment, with some schools seeing their student bodies shrink by two-thirds in just four years.

Sotheby’s 7%

Les 7 % de Sotheby’s

Sotheby’s has reportedly begun offering sellers a 7% interest rate to delay the payout of their auction proceeds. This unusual financial incentive comes as the auction house, owned by billionaire Patrick Drahi, faces significant liquidity challenges and a reported cash crunch.

A collective lunch is organized in Milan to discuss the problems of the cultural sector. Here is how to participate

A Milano si organizza un pranzo collettivo per discutere dei problemi del settore culturale. Ecco come partecipare

The nomadic assembly "OMTU – Organized Meals for Times of Uprising" is heading to Milan on April 19, 2026, coinciding with the miart art fair. Organized by a coalition of independent spaces including terzospazio, Osservatorio Futura, Parsec, and Arts of the Working Class, the event features a collective lunch followed by a public discussion at the Baséll space. The gathering aims to address the systemic precariousness of the cultural sector, focusing specifically on the scarcity of affordable social and cultural spaces in Milan.

The recovery of the art market, collecting trends, and other analyses in the newly published report

La ripresa del mercato dell’arte, i trend del collezionismo e altre analisi nel nuovo report appena pubblicato

The global art market has returned to growth in 2025, recording a 4% increase compared to the previous year despite geopolitical tensions and financial uncertainty. According to the fourth edition of the "Collectors and the Value of Art in Italy 2026" report by Intesa Sanpaolo Private Banking, buyers are increasingly shunning speculative assets like NFTs and ultra-contemporary art in favor of established categories. Significant growth was noted in Modern art, Impressionism, and Old Masters, signaling a flight to quality and historical stability.

Three Years, One City: Tulsa’s Transformative Artist Fellowship.

The Tulsa Artist Fellowship has announced an open call for its 2027–2029 award cycle, seeking ten artists and arts workers for a three-year residency in Oklahoma. Selected fellows receive a comprehensive financial package totaling over $150,000 in stipends, plus housing and relocation support, in exchange for committing to live and work in Tulsa. The program, established by the George Kaiser Family Foundation, emphasizes long-term community engagement and the development of ambitious, site-specific projects.

Natural disasters and political instability hampered U.S. museum attendance in 2025

Major U.S. museums experienced a significant decline in attendance during 2025. The downturn was primarily driven by a series of severe natural disasters, including hurricanes and wildfires, which disrupted travel and forced temporary closures, alongside periods of domestic political instability that deterred both local and international visitors.

Split-Toe Archive Exhibitions

Maison Margiela has launched the "Tabi: Collectors Exhibition" at the Third Avenue Art Museum in Chengdu, China. This immersive installation showcases the personal archives of nine global collectors, featuring rare, customized, and historically significant versions of the iconic split-toe shoe dating back to its 1989 debut. The exhibition utilizes large-scale photography and mannequins to contextualize the footwear within reconstructed wardrobes, forming a key part of the broader MaisonMargiela/folders initiative.

Visual artist Karen Mahaffy’s ‘Deluge’ examines last summer’s tragic Texas floods

Visual artist Karen Mahaffy has created a new installation titled 'Deluge' that directly responds to the devastating floods that struck Texas in the summer of 2023. The work uses materials and imagery drawn from the event to process the environmental and human impact of the disaster.

Major gift fuels new curator role at Laguna Art Museum

Laguna Art Museum has established a new endowed curator position, the Curator of Contemporary Art, funded by a significant gift from local philanthropists and art collectors Mark and Janet Hilbert. The inaugural appointment to this role is artist and curator Rochelle Steiner, who will oversee the museum's contemporary art initiatives and exhibitions.

Saudis Renege on Met Opera Financial Aid, Berlin’s Culture Senator Resigns, and More: Morning Links for April 24, 2026

The Metropolitan Opera has announced that Saudi Arabia reneged on a noncommittal memorandum of understanding that would have provided up to $200 million over eight years to the cash-strapped New York institution. Met general manager Peter Gelb said the Saudis blamed the war in Iran and the blocked Strait of Hormuz, but funding had already failed to materialize before the conflict, prompting preemptive layoffs in January. Separately, Berlin culture senator Sarah Wedl-Wilson resigned after a state audit found she illegally authorized €2.6 million for 13 projects meant to combat antisemitism, violating budget regulations. Other news includes President Trump's plan to renovate the Lincoln Memorial reflecting pool, Ontario increasing support for the Art Gallery of Ontario and Royal Ontario Museum, Rome's new photography museum, and the appointment of Thiago de Paula Souza as curator of the eighth Athens Biennale.

Taiwanese Indigenous artist stripped of national prize after sexual assault conviction

Taiwan has revoked the National Award for Arts from Indigenous artist Sakuliu Pavavaljung after his sexual assault conviction was upheld by the Supreme Court. The Ministry of Culture and the National Culture and Arts Foundation announced the withdrawal on 17 April 2025, and Pavavaljung must return the NT$1 million prize. The conviction stems from a February 2021 incident involving a woman under his artistic mentorship; he was sentenced to four years and six months in prison. Allegations first surfaced in December 2021 via social media, prompting further accusations. Pavavaljung had previously been dropped from representing Taiwan at the Venice Biennale and suspended from Documenta 15.