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sothebys debt delays

Sotheby’s is navigating a complex financial landscape marked by a major debt refinancing effort and the introduction of a controversial delayed-payment program. The auction house is seeking to raise $825 million through five-year bonds to address existing debt due in 2027, while simultaneously facing a $10.2 million lawsuit over real estate commissions. To manage liquidity, the firm has codified a scheme offering sellers a 7 percent interest rate if they agree to wait six months for their payout, a significant departure from the industry standard of 35 to 45 days.

Jennifer Gilbert Consigns Blue-Chip Works to Sotheby’s to Fund Detroit Arts Space

Philanthropist Jennifer Gilbert is consigning a selection of blue-chip postwar artworks to Sotheby’s this spring to fund Lumana, a new arts nonprofit in Detroit. The auction highlights include Joan Mitchell’s 'Loom II', estimated at $5 million to $7 million, and a significant target-style painting by Kenneth Noland that could set a new auction record for the artist. The collection also features works by George Rickey and Harry Bertoia, emphasizing a cohesive blend of midcentury abstraction and design.

The Big Review: Rothko in Florence ★★★★★

The Palazzo Strozzi in Florence has launched a major exhibition exploring the profound influence of the Italian Renaissance on Mark Rothko. Co-curated by the artist's son, Christopher Rothko, the show spans three historic locations: the Palazzo Strozzi, the Museo di San Marco, and the Biblioteca Medicea Laurenziana. By placing Rothko’s abstract canvases in direct dialogue with Fra Angelico’s frescoes and Michelangelo’s architecture, the exhibition highlights how the artist’s visits to Italy in the 1950s and 60s shaped his spatial thinking and spiritual intensity.

Toronto Biennial takes waterways as inspiration for its fourth edition

The Toronto Biennial of Art has announced the details for its fourth edition, titled "Things Fall Apart," scheduled to run from September 26 to December 20. Curated by Allison Glenn, the exhibition will feature 30 artists and collectives, including Kent Monkman, Rebecca Belmore, and Dawoud Bey, with a heavy emphasis on new commissions. For the first time, the biennial is expanding its footprint beyond the Greater Toronto Area to include partnerships with institutions across Canada and international sites like Times Square in New York and the Anchorage Museum in Alaska.

Lorna Simpson’s David Adjaye–Designed Brooklyn Home and Studio Remains On the Market—At a Much-Reduced Price

Artist Lorna Simpson has significantly reduced the asking price for her Brooklyn home and studio, located at 208 Vanderbilt Avenue in Fort Greene. Originally listed for $6.5 million in August 2025, the 3,300-square-foot townhouse is now priced at $5 million following months on the market. The property, which features a double-height great room and floor-to-ceiling windows, was custom-built in 2006 for Simpson and her then-husband, artist James Casebere.

LACMA’s New Building Invites You to Chart Your Own Path

The Los Angeles County Museum of Art (LACMA) is set to open its long-awaited and highly debated new building, the David Geffen Galleries. Designed by Swiss architect Peter Zumthor, the $720 million concrete structure spans Wilshire Boulevard and replaces several older buildings with a single, elevated exhibition level. The opening marks the culmination of a decade-long project spearheaded by Director Michael Govan, featuring a non-linear layout that integrates the museum's encyclopedic collection into thematic displays rather than traditional chronological or regional divisions.

judy chicago herstory new museum

Judy Chicago’s first major New York museum survey, "Herstory," has opened at the New Museum, marking a triumphant return for the 84-year-old feminist icon. The exhibition features a comprehensive look at her 60-year career, including her large-scale tapestries and "Rejection" drawings, alongside a curated "show-within-a-show" titled "City of Ladies." This section integrates Chicago’s work with pieces by over 90 historic women and non-binary artists, ranging from Hilma af Klint to Hildegard of Bingen, creating a visual dialogue across centuries of female creativity.

raul de nieves pioneer works

Raúl de Nieves has transformed the industrial architecture of Pioneer Works in Red Hook into a luminous sanctuary through his solo exhibition, "In Light of Innocence." The installation features 50 handcrafted faux stained-glass panels made from acetate and aluminum tape, replacing traditional religious iconography with symbols from tarot, Mexican folklore, and personal text. The centerpiece is a large light box featuring a skeleton that symbolizes transformation and renewal rather than death.

Our Critics Disagree on MoMA PS1’s Greater New York, a Wide-Ranging Survey Defined by a Fascination with Fragility

MoMA PS1 has launched the sixth edition of Greater New York, its signature quinquennial survey featuring 53 artists living and working across the city's five boroughs. Marking the institution’s 50th anniversary, this iteration was organized entirely by the museum’s internal curatorial staff rather than outside contributors. The exhibition moves away from the introspective, surrealist themes of the pandemic-era 2021 edition, focusing instead on the social fabric of the city and the systemic challenges facing its residents.

V&A exhibition honours designer Elsa Schiaparelli's unique synthesis of fine art and fashion

The Victoria and Albert Museum (V&A) has launched a major exhibition dedicated to the Italian designer Elsa Schiaparelli, focusing on her revolutionary integration of Surrealist art and haute couture. The show highlights her early career in Paris, specifically her 1927 breakthrough with a trompe-l’oeil knitted sweater, and explores her collaborations with avant-garde artists like Salvador Dalí. By examining her unique ability to translate Dadaist and Surrealist concepts into wearable garments, the exhibition positions her as a pivotal figure who challenged the traditional boundaries of fashion and art.

What We Miss When We Talk About Giacometti

This article explores a critical reevaluation of Alberto Giacometti’s career, specifically focusing on the decade between 1935 and 1945. While Giacometti is globally recognized for his spindly, post-war 'Existentialist' figures, art historian Joanna Fiduccia’s new book, *Figures of Crisis*, argues that his mid-career departure from Surrealism to study human likeness was not a mere transition but a profound response to the political crises and nationalism of interwar France.

‘A fresh look at contemporary culture’: Gus Casely-Hayford, director of V&A East, takes us inside the new London museum

The Victoria and Albert Museum is expanding its footprint with the opening of V&A East Museum in London’s Queen Elizabeth Olympic Park on April 18. Led by Director Gus Casely-Hayford, the new five-story institution joins the recently opened V&A East Storehouse as part of the East Bank cultural quarter. The museum will debut with the "Why We Make" galleries, featuring over 500 objects and new commissions by artists such as Tania Bruguera, Carrie Mae Weems, and Thomas J. Price, whose 18-foot bronze sculpture anchors the museum's entrance.

V&A East collection review – a dazzling wealth of inspiration to fire up the geniuses of the future

The Victoria and Albert Museum has unveiled the first look at its new V&A East outpost in London’s Olympic Park, showcasing a collection that emphasizes diversity, global exchange, and the integration of art into daily life. The inaugural displays feature a wide-ranging mix of objects, from Althea McNish’s vibrant Caribbean-inspired textiles and Vivienne Westwood’s punk designs to a talismanic shirt inscribed with the Qur’an and a Japanese screen documenting colonial encounters. While the museum's public-facing branding focuses on community engagement, the actual curation offers a sophisticated, open-ended exploration of how different cultures influence and define one another.

V&A East architecture review – from ceramics to codpieces, this is a honey-coloured treasure trove of human ingenuity

V&A East has officially unveiled its new museum building in London’s Olympic Park, a striking architectural addition to the city's burgeoning 'East Bank' cultural district. Designed by O’Donnell + Tuomey, the structure features a faceted, honey-colored concrete exterior inspired by the intricate folds of a sleeve in a Vermeer painting and the structural tailoring of Cristóbal Balenciaga. The interior houses a diverse collection of human ingenuity, ranging from Leigh Bowery’s sequined codpieces to historical ceramics, all organized within a framework that emphasizes the process of making.

2026 Guggenheim Fellowships Go to Sonya Clark, John Miller, and American Artist

The John Simon Guggenheim Memorial Foundation has announced its 101st class of fellows, awarding 223 scholars and artists across 55 disciplines for 2026. Selected from a pool of nearly 5,000 applicants, the new cohort includes prominent visual artists such as Sonya Clark, John Miller, American Artist, and Kota Ezawa. The fellowships provide significant financial grants to individuals who have demonstrated exceptional capacity for productive scholarship or exceptional creative ability in the arts.

joshua johnson

Joshua Johnson, born into slavery in Maryland around 1763, emerged in the late 18th century as the first documented Black professional artist in the United States. After gaining his freedom in 1782, Johnson established himself in Baltimore as a self-taught portraitist, advertising his services in local newspapers and catering to the city's prominent families. His body of work, consisting of approximately 83 attributed paintings, is characterized by a distinct flatness and three-quarter profile compositions typical of early American folk art.

‘An open letter to the nation’: National Gallery of Art reckons with America at 250

The National Gallery of Art in Washington D.C. has launched "Dear America: Artists Explore the American Experience," a major exhibition marking the United States' 250th anniversary. Featuring over 100 works on paper by 95 artists, the show eschews traditional patriotic tropes in favor of a nuanced, self-critical look at the nation's history. Organized around the themes of land, community, and freedom, the exhibition juxtaposes iconic imagery from artists like Roy Lichtenstein and Thomas Moran with provocative contemporary perspectives from Zanele Muholi and Carrie Mae Weems.

Stealing the show: Mona Lisa heist inspires Andrew Lloyd Webber musical

Renowned composer Andrew Lloyd Webber has announced he is developing a new musical based on the 1911 theft of Leonardo da Vinci’s Mona Lisa. The production will dramatize the true story of Vincenzo Peruggia, a Louvre employee who stole the masterpiece and kept it hidden for over two years before attempting to sell it to an antiques dealer in Florence. Lloyd Webber, the creative force behind global hits like Cats and Phantom of the Opera, is currently in the writing phase of the project.

Marcel Duchamp at MoMA, Dorothea Tanning book, Leonora Carrington at the Freud Museum, London—podcast

The Museum of Modern Art in New York is launching the first major U.S. survey of Marcel Duchamp’s entire career in over fifty years, a landmark exhibition that will later travel to Philadelphia. Accompanying this resurgence of interest in avant-garde pioneers are two significant projects focused on women of the Surrealist movement: the publication of Alyce Mahon’s comprehensive new book on Dorothea Tanning and a specialized exhibition at London’s Freud Museum featuring Leonora Carrington’s 1940 painting 'Down Below'.

An Intimate Portrait of Basquiat’s Early Life Returns to Brooklyn

The exhibition “Our Friend, Jean” returns to Brooklyn this May at The Bishop Gallery, coinciding with Frieze Week. The show features twenty artworks alongside personal ephemera and photographs from Jean-Michel Basquiat’s formative years between 1979 and 1980, primarily sourced from the collection of his former roommate Alexis Adler. This iteration includes previously unseen items from Adler’s trove, such as hand-painted garments and postcards, and will be activated by panels featuring Basquiat’s early collaborators.

Melissa Chiu leaving Hirshhorn to take over New York’s Guggenheim Museum

Melissa Chiu has been appointed as the new director of the Solomon R. Guggenheim Museum in New York, transitioning directly from her decade-long tenure at the Hirshhorn Museum and Sculpture Garden. During her time at the Hirshhorn, Chiu was credited with doubling attendance, significantly increasing fundraising, and overseeing a major $68m garden renovation by Hiroshi Sugimoto. She will begin her new role on September 1, while Aaron Seeto steps in as interim director at the Hirshhorn.

You Can Become an Artwork at This New York Museum—Thanks to Piero Manzoni

Magazzino Italian Art in Cold Spring, New York, is reactivating Piero Manzoni’s seminal conceptual work, "Magical Base" (1961). On April 10 and 11, visitors can stand on the artist's wooden pedestal to be documented as living sculptures, receiving a photograph and record of their participation. The activation is part of the larger exhibition "Piero Manzoni: Total Space," which also features the artist's "Achromes" and immersive, unrealized environments like the "Phosphorescent Room" and "Hairy Room."

Readymades, replicas, reiterations: MoMA show explores Marcel Duchamp the inventor

The Museum of Modern Art (MoMA) in New York is launching the first major U.S. survey of Marcel Duchamp in over 50 years, organized in collaboration with the Philadelphia Museum of Art. The exhibition features approximately 300 works, including iconic pieces like "Nude Descending a Staircase, No. 2" and "Fountain," organized in a strict linear chronology. This approach highlights Duchamp’s practice of remaking and replicating his own work, presenting replicas only at the point in time they were physically created rather than as stand-ins for lost originals.

The art of technology jostles for position in venues both new and historic

Canyon, a new 40,000-square-foot institution dedicated to moving image, sound, and performance art, is set to open this autumn on Manhattan’s Lower East Side. Founded by entrepreneur Robert Rosenkranz and led by former Mass MoCA director Joe Thompson, the space aims to bypass the slow curatorial cycles of traditional museums by hosting international media-rich exhibitions with a faster 18-to-24-month turnaround. Unlike traditional collecting institutions, Canyon will focus on public accessibility and domestic-style hospitality rather than building its own permanent archive.

Radiohead Hits the Road With a Haunting Immersive Installation

Radiohead has announced a North American tour for "Motion Picture House," a massive 17,000-square-foot immersive audiovisual installation. The project features a 75-minute film titled Kid A Mnesia, directed by Sean Evans, which incorporates art created by frontman Thom Yorke and longtime collaborator Stanley Donwood. Launching at the Coachella festival before traveling to cities like Brooklyn and Mexico City, the experience combines surround-sound studio recordings with physical galleries displaying the original source art from the band's seminal turn-of-the-century albums.

The story of London's Great Exhibition, as seen through the eyes of artists

Julius Bryant’s new book, the fourth volume in his history of the Victoria and Albert Museum, re-examines the 1851 Great Exhibition through its visual legacy. By analyzing paintings, prints, and ephemera—including the vast archive of Charles Wentworth Dilke—Bryant reconstructs the 'Crystal Palace' experience, highlighting the youth of its organizers and the staggering speed of its construction. The narrative shifts focus away from traditional social theory toward the actual visual evidence of the event, from David Roberts’s massive panoramic paintings to the 235 sculptures that defined the era's artistic output.

Inez & Vinoodh Handpick 6 Defining Works From Their New Retrospective

The Dutch photography duo Inez & Vinoodh have launched a major retrospective titled "Can Love Be a Photograph" at the Kunstmuseum Den Haag. Spanning their career since 1986, the exhibition features 150 works that blur the lines between fashion photography, celebrity portraiture, and fine art. To mark the opening, the artists highlighted six defining works—including the digitally manipulated "Thank You Thighmaster" series—that prioritize conceptual depth and psychological mutation over the glossy celebrity culture they are often associated with.

Inside the Fight to Keep a Trove of Frida Kahlo Works from Leaving Mexico

The Gelman Collection, featuring 11 essential masterpieces by Frida Kahlo, is at the center of a heated legal and cultural dispute following news of its transfer from Mexico to Spain. Acquired by the Zambrano family and managed by the Banco Santander Foundation, the collection is slated for a multi-year residency at the new Faro Santander cultural hub. Critics and historians argue the move potentially violates Mexico’s strict heritage laws, which designate Kahlo’s works as national monuments subject to permanent export bans.

Tokyo Architect Kengo Kuma Beats Out Renzo Piano and Selldorf to Design National Gallery’s £350 M. New Wing

The National Gallery in London has appointed Tokyo-based architect Kengo Kuma to design a new £350 million wing as part of its ambitious £750 million "Project Domani" expansion. Kuma, known for the V&A Dundee, beat out high-profile Pritzker Prize winners Renzo Piano and Norman Foster for the commission. The project involves the demolition of St. Vincent House to create 15,000 square feet of new exhibition space dedicated to 20th and 21st-century art, along with new pedestrian zones and a roof garden.

How New York City Shaped Harry Winston’s Dazzling Legacy

The luxury jeweler Harry Winston continues to expand its 'New York' collection, a high-jewelry suite first launched in 2018 that pays homage to the founder's birthplace and the city's architectural landmarks. The collection translates iconic New York City motifs—including the hand-carved facades of Upper West Side brownstones, the neon glow of the Broadway theater district, and the neo-Gothic spires of St. Patrick’s Cathedral—into intricate diamond and gemstone arrangements.