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.

Pleasure, parody and propaganda: rethinking the art of illustration in a new history of the genre

D.B. Dowd's new book "Reading Pictures" offers a sweeping 400-page history of illustration, tracing the genre from the Diamond Sutra frontispiece in Tang China (AD868) to Molly Crabapple's Gaza reports in 2015. The book examines key works such as Jules Chéret's 1891 poster for the Alcazar d'Été Club, Stuart Davis's caustic covers for The Masses, and Duong Ngoc Canh's Vietnamese propaganda poster, arguing that illustrations are meant to be "read" rather than admired like museum paintings.

David Nahmad maintains that his Modigliani was not looted by the Nazis

David Nahmad is continuing his legal battle to prove that his Modigliani painting, *Seated Man with a Cane* (1918), was not looted by the Nazis from the Jewish dealer Oscar Stettiner. Despite a recent New York ruling against him, Nahmad’s lawyers have filed a motion to review the case based on new eyewitness testimony. Two witnesses claim the painting they saw in the Van der Klip family—which bought the Nazi-looted work in 1944—is completely different from Nahmad’s painting, lacking a seated man or a cane. Nahmad’s legal team also cites a 1946 French bailiff report and a recent catalogue raisonné by Marc Restellini to argue that Mondex, the restitution firm working for Stettiner’s heirs, misidentified the work.

Nahmad Seeks to Reopen Modigliani Restitution Case With New Witnesses

David Nahmad's lawyers are asking a New York court to reconsider its April 3 decision in the restitution case over Amedeo Modigliani's *Seated Man with a Cane* (1918), which awarded the painting to the estate of dealer Oscar Stettiner. They cite new eyewitness testimony from Frédéric Allain, who recalls a different Modigliani—smaller, darker, and without a seated man or cane—hidden by the Van der Klip family in Paris during World War II, suggesting the wrong painting may have been the focus of the case. The filing also references a 1946 report describing the missing work as a self-portrait and a new catalogue raisonné by Marc Restellini that finds no link between the painting and Stettiner. Mondex, representing Stettiner's heirs, rejects the claims, asserting that *Seated Man with a Cane* bears Stettiner's name and was in the family's possession from 1944 to 1996.

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.

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.

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.

‘It has become a symbol of hope’: the epic journey of Ukraine’s origami deer to the Venice biennale

Ukrainian artist Zhanna Kadyrova's concrete origami deer sculpture, originally installed in Pokrovsk in 2018, has been evacuated from the war-torn Donetsk region and transported across Europe to become the centerpiece of Ukraine's national pavilion at the 2026 Venice Biennale. The sculpture, which replaced a Soviet fighter-bomber monument in a local park, was rescued in August 2024 by co-curator Leonid Marushchak amid intensifying Russian attacks, with the help of city authorities and museum staff.

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.

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.

Nancy Holt review – cosmic thrills as the universe’s hidden power is unleashed

The Guardian reviews a major UK exhibition of land artist Nancy Holt (1938-2014) at Goodwood in West Sussex, the largest show of her work to date. The exhibition features two large outdoor installations—Ventilation System, a metallic tubular structure resembling building lungs, and Hydra’s Head, six concrete pools arranged like the Hydra constellation in a chalk quarry—alongside indoor photographs, diagrams, and light works. The review praises the cosmic scale and bodily connection of the outdoor pieces but finds the indoor works less effective at conveying Holt’s themes of universal vastness and interconnectedness.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

Venice Bound? Here’s All the News You Need to Know About This Year’s Biennale

The 61st Venice Biennale is embroiled in geopolitical controversy over Russia's return to the event in 2026, which has sparked widespread backlash. Nearly 10,000 artists and cultural leaders signed an open letter opposing Russia's participation, and the European Union withdrew €2 million in funding for the 2028 edition. Leaked emails reveal Biennale officials worked with Russian pavilion commissioner Anastasia Karneeva to circumvent EU sanctions, while Italy's culture minister Alessandro Giuli plans to boycott the opening week. Meanwhile, activists continue to push for Israel's removal from the Biennale, though Israel will be accommodated in the Arsenale this year.

Giorno Poetry Systems Gives Grants to 12 Artists Including Jacolby Satterwhite, Puppies Puppies (Jade Guanaro Kuriki-Olivo), and the Late Agosto Machado

Giorno Poetry Systems, the nonprofit founded by artist John Giorno in 1965, has launched a new need-based grant program called the Treat a Stranger Grant. The inaugural round awards $4,545 each to 12 artists, including Jacolby Satterwhite, Puppies Puppies (Jade Guanaro Kuriki-Olivo), Samiya Bashir, Malcolm-X Betts, Pe Ferreira, Mercy Kelly, the late Agosto Machado (whose funds go to his estate), Gavilán Rayna Russom, Keioui Keijaun Thomas, Christopher Udemuezue, and two anonymous recipients. The program revives the spirit of Giorno's AIDS Treatment Project from the 1980s and '90s, which provided direct financial support to artists affected by the epidemic.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

‘Still lots to talk about’: UK galleries team up to shine light on female artists

A new exhibition titled 'Making Her Mark' opens at Penlee House in Penzance, Cornwall, featuring works by prominent British female artists such as Tracey Emin, Barbara Hepworth, Laura Knight, Elizabeth Forbes, and Gillian Ayres. The show is a collaboration between Penlee House, Worcester City Art Gallery and Museum, and Kirkcaldy Galleries in Fife, Scotland, with each contributing more than 20 works. It is the first exhibition launched under Art Fund's £5 million 'Going Places' programme, which unites 20 museums across the UK over five years to share and celebrate their collections.

Online Auctions Continue to Draw in First-Time Art Buyers as Sales Grow

Online-only sales of fine art at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions reached $423.9 million in 2025, an 8 percent increase from 2024. The number of lots sold remained steady at 29,623, but the average price per work rose 8.6 percent to $14,309. Sales were 270 percent higher than in 2019, before the pandemic accelerated the shift to digital auctions. Christie’s reported that 63 percent of new buyers in 2025 made their first purchase online.

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 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.

Inside the Inaugural Edition of Art Cologne Palma Mallorca

The inaugural edition of Art Cologne Palma Mallorca took place from April 9–12, 2026, attracting 88 galleries from 20 countries and over 10,000 visitors to the Mediterranean island. The fair, held at the Palau de Congressos Convention Centre, reported strong sales and sold-out weekend days, with Artistic Director Daniel Hug praising the high level of engagement and positive response from both exhibitors and attendees. A second edition has already been scheduled for April 1–4, 2027.

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

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.