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Cindy and Howard Rachofsky’s Dallas Home Could Be Yours at a Discount, for $17.5 M.

Cindy and Howard Rachofsky, prominent art collectors and mainstays on the ARTnews Top 200 Collectors list, have reduced the asking price of their Dallas home, the Richard Meier–designed Rachofsky House, from $23 million to $17.5 million. The property, completed in 1996 and located in the affluent Preston Hollow neighborhood, has been on the market since October 2024. The Rachofskys, whose collection includes over 800 works, previously hosted the Two x Two gala in support of AIDS- and art-focused initiatives in Dallas, but stopped hosting the event in 2024.

Christie’s S. I. Newhouse Sale Totals $630.8 M., Bringing Cumulative Total to $1 B.

Christie’s evening auction of 16 works from media magnate S.I. Newhouse’s collection totaled $630.8 million with fees, setting multiple records. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million after a 10-minute bidding war, more than doubling Pollock’s previous auction record. Other highlights included Constantin Brâncuși’s *Danaïde* (ca. 1913), which set a new record for the artist at an undisclosed price above $82 million, and strong results for works by Joan Miró, Jasper Johns, and Pablo Picasso.

S.I. Newhouse’s Brâncuși Sells at Christie’s for Record-Breaking $107.6 M.

A Constantin Brâncuși sculpture titled *Danaïde* (1913), formerly owned by media magnate and top art collector S.I. Newhouse, sold at Christie’s on Monday night for a hammer price of $93 million, totaling $107.6 million with fees. This set a new auction record for the modernist sculptor, surpassing the previous record of $71.2 million set by another Brâncuși work in 2018. The bronze head with gold leaf and black patina attracted half a dozen bids before selling to a client represented by Maria Los, deputy chairman of client advisory Americas. The work was one of six bronze casts, the only gilded example still in private hands, and had notable provenance, having been purchased by Eugene and Agnes Meyer at Brâncuși’s first solo exhibition in 1914.

$181.2 Million Pollock, $107.6 Brancusi Million Sell at Christie’s, as Records Fall

Christie's New York auctioned 16 works from the collection of late media magnate S.I. Newhouse for a total of $630.8 million, far exceeding the $450 million estimate. The top lot was Jackson Pollock's "Number 7A" (1948), which sold for $181.2 million, setting a new auction record for the Abstract Expressionist and making him the latest artist to join the $100 million club. Minutes earlier, Constantin Brancusi's bronze sculpture "Danaïde" (1913) achieved $107.6 million, also a record for the Romanian modernist and the second-highest price ever for a sculpture at auction.

Tate Britain previews new garden at RHS Chelsea Flower Show

Tate Britain is previewing its new garden at the 2026 RHS Chelsea Flower Show, offering a sneak peek of the forthcoming Clore Garden designed by Tom Stuart-Smith and scheduled for completion in 2027. The show garden features Barbara Hepworth's 1949 sculpture *Bicentric Form*, the first work Tate acquired by the artist, alongside Mediterranean plants adapted to London's warming climate, a wildlife pond, and recycled materials from the Millbank site. After the show, the garden will be relocated to Tate Britain.

Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

TEFAF New York Opened to Crowded Aisles, Bullish Collectors, and Strong Booths

TEFAF New York opened at the Park Avenue Armory with unexpectedly strong crowds and a buoyant mood, defying the typical afternoon lull. Dealers reported heavy foot traffic and sustained conversations, with gallerist Sean Kelly calling it the best edition in years. The fair, running through May 19, features a mix of antiquities, design, modern, and contemporary art, with standout booths including Alison Jacques’s pairing of Dorothea Tanning, Robert Mapplethorpe, and Gordon Parks, and Sean Kelly Gallery’s display of works by Shahzia Sikander and Sam Moyer. The newly launched Pace Di Donna Schrader Galleries made its TEFAF debut with works by Eugène Delacroix, Willem de Kooning, and Alexander Calder.

The Can’t-Miss Moments at TEFAF New York 2026

TEFAF New York 2026 opened to packed crowds at the Park Avenue Armory, showcasing a mix of historic and contemporary works. Highlights include Gagosian’s solo booth of Kathleen Ryan’s bejeweled “Bad Fruit” sculptures, Thaddaeus Ropac’s presentation of monumental canvases by Danish painter Eva Helene Pade, and Axel Vervoordt Gallery’s spotlight on overlooked Italian painter Ida Barbarigo. The fair also features collectible design and perennial favorites like Alexander Calder mobiles and Alighiero Boetti tapestries.

Rothko from Robert Mnuchin’s Estate Sells for $85.8 M., Leading Sotheby’s New York’s $433.1 M. Contemporary Art Sale

Sotheby’s New York held a $433.1 million modern and contemporary art sale at its Madison Avenue headquarters, led by Mark Rothko’s *Brown and Blacks in Reds* (1957), which sold for $85.8 million. The auction opened with 11 works from the estate of legendary dealer Robert Mnuchin, totaling $166.3 million, including a second Rothko and pieces by Willem de Kooning, Franz Kline, and Pablo Picasso. The contemporary art segment followed, with Jean-Michel Basquiat’s *Museum Security (Broadway Meltdown)* (1983) selling for $52.7 million. The overall sale was described by advisers as robust but not particularly exciting, and it significantly exceeded the $186.1 million equivalent sale from last year.

Does L.A’s Bold New LACMA Museum Work?

The Los Angeles County Museum of Art (LACMA) has debuted a long-awaited new building designed by Swiss architect Peter Zumthor, costing $750 million. The museum opened to the public last month with a gala for the David Geffen Galleries, and its charismatic director Michael Govan promises a new vision for how museums show art and relate to the public. Art critic Carolina Miranda joins Artnet News's Ben Davis to discuss the building's significance, having published her own analysis calling it an instant LA icon.

Dutch Designer Iris van Herpen’s High-Tech Garments Are On View in a Mid-Career Retrospective at the Brooklyn Museum

The Brooklyn Museum is opening a mid-career retrospective titled “Iris van Herpen: Sculpting the Senses,” showcasing the Dutch designer’s high-tech garments. The exhibition features over a decade of van Herpen’s work, including the first 3D-printed garment sent down a runway in 2010, pieces worn by celebrities like Lady Gaga, Björk, and Beyoncé, and new collaborations such as an algae dress grown from living microorganisms. Organized by senior curator Matthew Yokobosky, the show originated at the Musée des Arts Décoratifs in Paris and has traveled internationally before arriving in Brooklyn, where it is augmented with objects from the museum’s collections in art, science, and natural history.

The Met and Neue Galerie Embark on Historic Merger

The Metropolitan Museum of Art and the Neue Galerie in New York have announced a historic merger set for 2028. The Met will acquire the Neue Galerie's Beaux-Arts mansion, renaming it the Met Ronald S. Lauder Neue Galerie (or Met Neue Galerie), while preserving its museum experience. The merger comes ahead of the Neue Galerie's 25th anniversary and its renovations from May to August 2026. Founder Ronald S. Lauder will remain involved, and the Met will supplement the Neue Galerie's programs, research, and digital initiatives. Major fundraising is underway, with the endowment target of $200 million already 80 percent met, supported by Lauder, his daughter Aerin Lauder Zinterhofer, and trustee Marina Kellen French.

The Met Teams Up with Band-Aid on Art-Themed Adhesive Bandages

The Metropolitan Museum of Art and Band-Aid have reunited for a second collaboration, releasing a new set of art-themed adhesive bandages in 2026. The bandages feature details from three flower paintings in the Met's collection: Claude Monet's *Water Lilies* (1919), Vincent van Gogh's *Irises* (1890), and Odilon Redon's *Bouquet of Flowers* (ca. 1900–1905). The 50-count assortment includes small, medium, and large fabric bandages packed in a collectible tin, available exclusively at Target for $7.29. The 2025 Hokusai collection, which sold out quickly, is also back on sale at major retailers.

5 Art Novels to Read This Summer

ARTnews has published a list of five art novels to read this summer, all released within the past year. The featured books include Ben Lerner's 'Transcription,' Larissa Pham's 'Discipline,' Deborah Levy's 'My Year in Paris with Gertrude Stein: A Fiction,' Stephanie Wambugu's 'Lonely Crowds,' and Luke Goebel's 'Kill Dick.' Each novel explores how art emerges through relationships—with friends, mentors, parents, lovers, and historical artists—offering a range of perspectives from anxious inner monologues to satirical critiques of the art world.

Garment, body and space merge in Iris van Herpen’s first major New York show

The Brooklyn Museum is hosting Iris van Herpen's first major New York exhibition, featuring over 140 haute couture looks from the Dutch fashion designer. Van Herpen, who founded her house in 2007, pioneered 3D printing in fashion and uses unconventional materials like upcycled marine debris and fermented fibers. The touring show, which originated at Paris's Musée des Arts Décoratifs, includes contemporary art, scientific objects, and natural-history specimens alongside her garments. Curated by Matthew Yokobosky, the Brooklyn iteration draws on the museum's own collections and loans from the American Museum of Natural History, the Staten Island Museum, and the Yale Peabody Museum. Highlights include a dress made with living bioluminescent algae and a re-creation of Van Herpen's atelier.

Contemporary Icons and Modern Masters Headline This Major May Sale

Rago/Wright is hosting two major spring sales on May 14, 2026: 'Pure Edge: American Geometric Abstraction, Selected Works from the Museo de Arte Contemporáneo de Buenos Aires' and a Post War and Contemporary Art sale. The first features 19 works from the museum's premier collection of American geometric abstraction, while the second spans 20th- and 21st-century art. Highlighted lots include Sam Gilliam's 'Sun Woman' (1970, est. $300,000–$500,000), Annie Morris's 'Stack 7 (Ultramarine Blue)' (2015, est. $150,000–$200,000), Miyoko Ito's 'Adam and Eve' (1957, est. $200,000–$300,000), and Maria Martins's 'Impossible' (1946, est. $150,000–$200,000).

Public art blossoms around New York

New York City's public spaces are blooming with large-scale outdoor art this spring, complementing the gallery and museum season. From the High Line to Brooklyn Bridge Park, the Bronx to Stuyvesant Square, artists including Derek Fordjour, Raven Halfmoon, Monira Al Qadiri, Judith Modrak, Woody De Othello, Shellyne Rodriguez, and Graciela Cassel have installed sculptures, murals, and interactive works. Highlights include Fordjour's mural *Backbreaker Double* (2025), Halfmoon's ceramic bust *West Side Warrior* (2025), and Rodriguez's *Phoenix Ladder: Monument to the People of the Bronx* (2025), which commemorates housing loss in the 1970s.

New Museum unveils Sarah Lucas's bawdy Bowery commission

The New Museum unveiled Sarah Lucas's sculpture "VENUS VICTORIA" (2026) on May 12 as the inaugural commission for its new public plaza on the Bowery in New York. The work features a pink-hued figure in yellow high heels straddling a giant cast-concrete washing machine, riffing on the classic reclining nude. Lucas's proposal was selected by an all-artist jury including Teresita Fernández, Joan Jonas, Julie Mehretu, Cindy Sherman, and Kiki Smith. The sculpture will remain on view for two years, after which another commission by a woman artist will take its place.

Delayed by War in Iran, Paul Klee Painting from Israel Finally Joins New York Show

A long-delayed loan of Paul Klee's painting *Angelus Novus* (1920) has finally arrived at the Jewish Museum in New York, completing the exhibition "Paul Klee: Other Possible Worlds." The work, on loan from the Israel Museum in Jerusalem, was stuck in Israel due to the ongoing war in Iran, which began with joint US-Israeli bombardments on February 28. Until its arrival, the painting was represented by an authorized facsimile with a note citing transport delays. The exhibition, which opened March 20, focuses on Klee's final decade and runs through July 26.

Market Outlook for New York’s May Sales

New York's May sales season is underway with over $1.8 billion worth of art heading to auction at major houses including Sotheby's, where a monumental Rothko consigned by Robert Mnuchin is expected to fetch $70–100 million. Frieze New York opens at the Shed with 68 galleries, half of them local. Other notable developments include a major Banksy work hitting the auction block with one of its highest estimates ever, and the estate of sculptor Robert Therrien leaving Gagosian after nearly 30 years to join David Zwirner.

More than 70 Venice Biennale artists withdraw from awards

More than 70 artists participating in the 2025 Venice Biennale have withdrawn from consideration for the Golden Lion awards, which this year will be decided by public vote. The artists, including Walid Raad, Laurie Anderson, and Yto Barrada, signed a statement published on e-flux on May 9, withdrawing in solidarity with the entire prize jury that resigned last month over a dispute regarding the participation of Israel and Russia. The Biennale management replaced the traditional jury-selected awards with a new "Visitor Lion" system where ticket holders can vote, but the Biennale has acknowledged that if any of the withdrawing artists win, they will not collect the award.

Venice Diary Day 3: Offsite Highlights Include Fleshy Films and Vegetarian Videos

The article reports on the author's third day at the Venice Biennale, focusing on offsite exhibitions. Highlights include Li Yi-Fan's animated video "Screen Melancholy" (2026) at the Taiwan Pavilion, described as chaotic, absurdist, and uncanny, featuring a naked CGI character interacting with ChatGPT. The author also praises Janis Rafa's video installation "Baby I'm Yours, Forever" (2026) at Fondazione In Between Art Film, which transforms scenes from a meat refrigeration plant into haunting surreal imagery. The piece notes the resurgence of video art, aided by LED screens that create immersive environments.

Sound-based Holy See pavilion opens at Venice Biennale as Vatican’s contemporary art ambitions grow

The Holy See's pavilion at the Venice Biennale has opened, featuring a sound-based exhibition titled "The Ear is the Eye of the Soul" (9 May–22 November). The show, inspired by the medieval Benedictine nun Saint Hildegard of Bingen, includes commissioned audio works by high-profile artists and musicians such as Brian Eno, FKA Twigs, Patti Smith, Jim Jarmusch, and Precious Okoyomon. The exhibition takes place across two Venetian sites—the Mystical Garden of the Discalced Carmelite and the Santa Maria Ausiliatrice complex—and is co-organized by Hans Ulrich Obrist, artistic director of the Serpentine Gallery, and curator Ben Vickers, in collaboration with Soundwalk Collective.

Lubaina Himid on capturing the 'uneasiness' of Britain for her Venice Biennale pavilion

Lubaina Himid, the Turner Prize-winning artist born in Zanzibar and raised in England, is representing Great Britain at the Venice Biennale with a pavilion that captures the 'uneasiness' of living in Britain. The exhibition features her signature paintings, prints, and cutout figures, alongside a soundscape by Magda Stawarska, designed to evoke ambiguous encounters and the gap between a question and an answer. Himid describes the pavilion as a reflection of Britain's everyday pleasantness undercut by a persistent sense of otherness, drawing on her own experience as an East African brought up by English women.

A Vienna Theater Opens Its Prized Klimt Ceiling Paintings to Tours During Restoration

The Burgtheater in Vienna has opened guided tours allowing the public to view Gustav Klimt's ceiling paintings up close for the first time, during a restoration of the works. The 10 paintings, created in the late 1880s by Klimt, his brother Ernst, and Franz Matsch, hang 60 feet above the staircases and were recently cleaned with cotton swabs and purified water after water damage. The tours, which require sturdy footwear, are currently sold out due to high demand.

Claude Monet’s Market Triumph: 12 Record‑Smashing Paintings That Define an Era

Claude Monet's market dominance is analyzed through twelve record-breaking paintings sold at auction over the past decade, led by *Meules (Haystacks)* (1890), which achieved $110.7 million at Sotheby's New York in 2019—a record for any Impressionist work. The article highlights key sales including *Le Bassin aux Nymphéas* (1919) at $80.45 million, *Nymphéas* (1906) at $54 million, and *Le Pont du chemin de fer à Argenteuil* (1873–74) at $41.4 million, tracing how Monet's serene yet radical landscapes have consistently commanded top prices across Christie's and Sotheby's.

Brandywine Conservancy and Museum picks architects for $100m expansion project

The Brandywine Conservancy & Museum of Art in Chadds Ford, Pennsylvania, has selected Kengo Kuma & Associates, along with landscape architects Field Operations and Schwartz Silver Architects, to lead a $100 million expansion project. The plan includes a new 40,000-square-foot museum building, renovation of the existing 19th-century grist mill museum, and a ten-mile loop of walking trails connecting the two buildings to the historic studios of artists N.C. Wyeth and Andrew Wyeth. Construction is expected to begin in spring 2025, with completion in autumn 2029. Nearly half the funding has been raised, including contributions from the Wyeth Foundation for American Art and Wyeth family members.

Hotel and art hub Casabianca opens on Italy's Lake Como

The De Santis family, accomplished hoteliers on Lake Como, has opened Casabianca, a new hotel and art hub in a 1930 villa designed by Piero Ponci. The property features three apartment-style suites launching later this year, while its lower floors are already open to the public for €15, displaying around 50 works from the family's collection of post-war Italian art, including pieces by Arte Povera artists such as Alighiero Boetti, Mario Merz, and Jannis Kounellis. The venture is the latest in a series of heritage hotel restorations by the family, who previously revived the Grand Hotel Tremezzo and Passalacqua.

Filippo Lippi painting—once the centrepiece of Florence's Palazzo Medici Chapel—to undergo two-year restoration

The Staatliche Museen zu Berlin has announced a two-year restoration of Filippo Lippi’s 1459 painting *The Adoration in the Forest*, funded by the Ernst von Siemens Kunststiftung and the Schoof’schen Stiftung. The tempera-on-panel work, a centerpiece of the Palazzo Medici chapel in Florence, is now in the Gemäldegalerie’s collection. Conservators discovered that a 19th-century varnish layer is degrading the paint, causing it to lift off the panel, particularly affecting the Virgin’s blue cloak, skin, and gold leaf areas. The treatment aims to remove the varnish while stabilizing the paint layer, and may also reveal Lippi’s use of oil paint alongside egg tempera.

Museum acquisitions round-up: a rediscovered work by Rosso Fiorentino, a circular painting by Salman Toor and 16th-century gold goblet

The Art Newspaper reports on three notable museum acquisitions: a rediscovered Renaissance painting by Rosso Fiorentino acquired by the Metropolitan Museum of Art, a 16th-century silver gilt goblet by Hans Rappolt I acquired by the Siegerland Museum, and a circular painting by Salman Toor donated to the National Gallery of Art. The Rosso Fiorentino work, 'Madonna and Child with Saint John the Evangelist' (1512/13), was thought lost for centuries and was identified after cleaning revealed a hidden figure. The goblet, made around 1581, is a rare example of Nuremberg goldsmithing and was supported by a €75,000 donation from the German Federal Cultural Foundation. The Toor painting, 'Wandering Beggars' (2022), is the first by the artist to enter the NGA's collection, donated by the Bronzini-Vender family.