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sothebys sells york avenue hq weill cornell breuer move

Sotheby's has sold its longtime New York headquarters at 1334 York Avenue to Weill Cornell Medicine, marking the final step in a major real estate transformation. The auction house will lease back floors 7–10 under a long-term lease while relocating its global headquarters to the Breuer Building at 945 Madison Avenue, which opens November 8 with a blockbuster exhibition. Sotheby's also acquired Gantry Point, a 240,000-square-foot complex in Long Island City, in 2023. CEO Charles Stewart stated the sale proceeds will reduce debt and invest in core business.

marc glimcher palm beach home sells ambassador

Former US ambassador to France and Monaco Jamie McCourt has purchased a historic Palm Beach house known as the "Fore and Aft House" or "The Boat House" for $19.2 million. The sellers were Pace Gallery CEO Marc Glimcher and his wife, designer Fairfax Dorn, who bought the property in 2021 for $14.3 million and made further updates. The 1937 lakefront home features a ship-like design with porthole windows and curved lines, sitting on a third of an acre with waterfront access.

ilucas museum layoffs 14 percent full time staff

The Lucas Museum of Narrative Art in Los Angeles has laid off 15 full-time employees (14% of its full-time staff) and seven part-time workers, primarily affecting its Learning & Engagement and Museum Services teams. The cuts also include Regan Pro, deputy director of public programs and social impact, and Bernardo Rondeau, curator of film programs. The museum, founded by George Lucas and Mellody Hobson, has faced multiple delays due to supply-chain issues, pushing its opening from 2023 to 2026, and recently underwent a leadership transition with director Sandra Jackson-Dumont stepping down.

fashion yana peel chanel art

Yana Peel, president of arts, culture, and heritage at Chanel, is profiled in Cultured's 2026 CULT100 honorees feature. The article, accompanied by a photograph by Jason Schmidt, highlights her leadership in elevating Chanel's commitment to the visual arts, including supporting China's first public contemporary art library, transforming Gabrielle Chanel's French Riviera home into a creative retreat, and launching the Next Prize for emerging artists. Peel answers a series of personal and professional questions, discussing her influences, career highlights such as building pavilions with architects Frida Escobedo, Francis Kéré, and Liu Jiakun during her tenure as CEO of the Serpentine, and her ongoing work with Christo's final project in London.

art valeria bross amaury vergara guadalajara

Amaury Vergara and Valeria Bross, a prominent collecting couple in Guadalajara, Mexico, have built a collection that reflects their local roots and the growing international resonance of the city's art scene. Vergara, CEO of Omnilife and president of CD Guadalajara, and Bross, a wedding photographer, acquire works through private studio visits and fairs like Zona Maco. Their home features pieces by Mexican contemporary artists such as Adela Goldbard, whose work 'Nochixtlán (III)' memorializes a 2016 protest in Oaxaca. They discuss Guadalajara's distinct, non-competitive artistic environment and its rise as a destination for collectors seeking alternatives to Mexico City.

art max hollein met museum interview

Max Hollein, director and CEO of the Metropolitan Museum of Art, discusses the institution's upcoming major projects in an interview with a chair of the Met's Vanguard Council. These include the groundbreaking of the new Tang Wing for Modern and Contemporary Art, designed by Frida Escobedo, a major Raphael exhibition, and the Met Gala co-chaired by Beyoncé. Hollein reflects on the launch of the Vanguard Council, a next-generation patron group, and the museum's efforts to engage younger audiences.

parties samsung frame tv cultured collection

CULTURED magazine partnered with Samsung to launch the "CULTURED Collection," a series of contemporary artworks available on the Samsung Art Store for owners of Samsung's The Frame and QLED TVs. A pop-up gallery in Chelsea, New York, and a dinner event celebrated the launch, featuring works by artists including Adam Pendleton, Dominique Fung, Oscar yi Hou, Theresa Chromati, Andrea Marie Breiling, Chris Martin, and Emma Webster. The event drew a cross-section of art and tech insiders, including Art Basel CEO Noah Horowitz, Samsung executives, and collectors.

parties julianne moore martha stewart hamptons

CULTURED magazine celebrated the release of its second Hamptons issue of the summer with a garden party at the Montauk home of Robin Standefer and Stephen Alesch, founders of architecture and design studio Roman & Williams, who served as guest editors for the July/August issue. The event drew a star-studded crowd of East End regulars including Julianne Moore, Martha Stewart, Cynthia Rowley, Jenna Lyons, photographer Cass Bird, David and Monica Zwirner, Sotheby's CEO Charles Stewart, and many others, with drinks by Casa Dragones and a potluck spread by chef Chris Kronner.

Top Phillips rainmakers Cheyenne Westphal and Jean-Paul Engelen to leave auction house

Two top executives at Phillips auction house, global chairwoman Cheyenne Westphal and president of the Americas Jean-Paul Engelen, are stepping down. Westphal, who joined Phillips from Sotheby's in 2016 and has been called the most powerful woman in contemporary art, plans to start her own business working directly with private collectors and artists. Engelen is moving to Acquavella Galleries in New York. Their departures follow the resignation of executive chairman Ed Dolman in December and deputy CEO Amanda Lo Iacono at the end of last year, marking a significant leadership exodus.

Melissa Chiu leaves Hirschhorn directorship for Guggenheim

Melissa Chiu has been appointed as the new director of the Solomon R. Guggenheim Museum in New York, effective September 1. She departs the Hirshhorn Museum and Sculpture Garden in Washington, D.C., where she has served as director since 2014. This leadership transition follows a decade of growth at the Hirshhorn under Chiu’s tenure and marks a significant shift for the Guggenheim’s administrative structure.

New UCCA CEO Kong Lingyi on the Beijing Institution’s Future

Kong Lingyi has been appointed as the new CEO of the UCCA Center for Contemporary Art in Beijing, succeeding Philip Tinari who stepped down shortly before the Lunar New Year. A veteran of the institution since 2012, Kong previously served as vice president of brand and is now tasked with overseeing UCCA’s multiple branches in Beijing, Beidaihe, and Yixing. Her leadership marks a shift toward a new management structure focused on institutional sustainability and public accessibility.

Selling Collectibles Is Big Business. Heritage Auctions’s Joe Maddalena Says It’s Just Getting Started

Heritage Auctions achieved a record $2 billion in sales in 2025, driven by explosive growth in the collectibles market. CEO Joe Maddalena highlights the sustained and increasing global demand for categories like sports memorabilia, comic books, trading cards, and vintage toys, noting that money previously focused on traditional art is now consistently flowing into these areas.

priority bidding phillips

Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

christies first half results 2025

Christie's reported that its auction sales for the first half of 2025 totaled $2.1 billion, identical to the same period last year, suggesting the art market may be stabilizing. However, the $2.1 billion figure marked a 22 percent drop from the first half of 2023, indicating stabilization at a lower level. The house sold seven of the top 10 works at auction, led by Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black, and Blue* (1921) for $47.6 million from the collection of Barnes & Noble founder Leonard Riggio. Luxury sales rose 29 percent, while Old Master sales increased 15 percent, but Asian art and Classics fell 28 percent and 32 percent respectively. The Americas led buyer activity at 45 percent, followed by EMEA at 34 percent and APAC at 21 percent.

orange county museum of art merger uc irvine

The University of California, Irvine has announced it is exploring a merger with the Orange County Museum of Art (OCMA) in Costa Mesa. A nonbinding letter of intent has been signed, and a definitive agreement is being developed pending approval by the University of California Board of Regents, which is expected to vote on the merger in the fall. The news comes less than two months after OCMA director and CEO Heidi Zuckerman announced her departure, and as the museum prepares to open its California Biennial.

giacometti bust fails to sell at sothebys may 2025 sale

A 1955 bronze bust by Alberto Giacometti, estimated at $70 million, failed to sell at Sotheby's modern evening auction in New York on May 13, 2025. The sculpture, from the estate of real estate magnate Sheldon Solow, was offered without a guarantee and bidding reached $64 million before the lot was pulled after four minutes, likely because the reserve price was set above that amount. Auctioneer Oliver Barker presided over the sale, which Sotheby's CEO Charles Stewart described as an organic auction moment despite the lack of a sale.

how much should an art fair cost

Frieze, the international art fair group, has been sold to Ari Emanuel, the Hollywood power broker who previously owned it through Endeavor. Emanuel acquired Frieze via a new, unnamed company from his former entertainment conglomerate, which was recently taken private by Silver Lake. The deal, valued at approximately $200 million according to sources, includes all seven fairs, Frieze magazine, and the No. 9 Cork Street exhibition space. Simon Fox will remain CEO. The sale comes just days before Frieze New York’s 2025 edition and follows months of speculation about the fair's future ownership.

Trevor Paglen Will Curate Art Basel’s ‘Zero 10’ Digital Initiative

Trevor Paglen, an artist and geographer known for exploring surveillance technology, has been named curator of the third edition of Art Basel's 'Zero 10' digital art initiative, set to debut at Art Basel in Switzerland. He will co-curate the program with digital art strategist Eli Scheinman, featuring twenty exhibitors under the theme 'The Condition,' which examines life saturated by digital media and AI. The presentation will include works such as Hito Steyerl's 'Green Screen' (2023) and pieces by pioneering digital artist Vera Molnar.

Vancouver Art Gallery's "Future Geographies" Exhibit Explores How Art Responds to Climate Change

The Vancouver Art Gallery has opened "Future Geographies: Art in the Century of Climate Change," an exhibition curated by Eva Respini, the gallery's interim co-CEO and curator at large. Featuring over 30 artists and 35 works—including sculptures, paintings, video installations, and photographs—the show explores climate change through themes of living knowledge, consumed earth, speculative worlds, and material memory. Highlights include Brian Jungen's whale-skeleton sculpture made from plastic chairs and Clarissa Tossin's multimedia weaving of Amazon boxes. The exhibition also incorporates sustainability in its organization, using recycled cardboard for labels, overland shipping for loans, and commissioning local artists.

Singapore Art Museum at 30: tough decisions

The Singapore Art Museum (SAM) is celebrating its 30th anniversary while navigating the challenges of its 2022 relocation to Tanjong Pagar Distripark, a remote industrial building that has drawn mixed reactions—some visitors find it too inaccessible, while younger audiences applaud the move away from the colonial civic district. Director and CEO Eugene Tan defends the decision, citing the building's high ceilings and flexible spaces as ideal for contemporary art, and announces a fifth gallery opening by 2026 that will bring total exhibition space to 3,800 square meters. The museum also plans to experiment with open-air exhibition techniques in the new space, aiming to reduce energy demands.

The Los Angeles County Museum of Art's new central building is a 'machine of discovery'

The Los Angeles County Museum of Art (LACMA) has opened its new central building, the David Geffen Galleries, to the public. Designed by Swiss architect Peter Zumthor at a cost of $724 million, the 347,600-square-foot structure reorients the museum with a single, flowing second-story floor plan, eschewing a traditional main entrance or atrium to encourage wandering and serendipitous encounters with art. The galleries are named for major oceans and are designed to blend cultures and artworks from different eras.

Suspended Labyrinth of Woven Pathways Invites Visitors To Wander in Midair

The Museum of Fine Arts, Houston (MFAH) has reinstalled Ernesto Neto’s monumental site-specific commission, "SunForceOceanLife," in its Cullinan Hall. The immersive installation consists of a massive, hand-woven crochet labyrinth suspended 12 feet in the air, featuring a vibrant color palette that symbolizes the cyclical relationship between the sun, sea, and earth. Visitors are invited to walk through the spiral pathways, which are filled with soft plastic balls designed to challenge their balance and induce a meditative state.

Work by Group of Seven's to be featured at Contemporary Calgary's LOOK2026

Contemporary Calgary has announced the details for its upcoming LOOK2026 auction fundraiser, featuring a prestigious selection of works by Canadian masters and contemporary stars. The auction will include pieces by Group of Seven member L.L. FitzGerald, Maxwell Bates, and Chris Cran, alongside contemporary works by artists such as Kablusiak. The event was bolstered by a significant contribution from Calgary-based philanthropist and collector John Lacey, who reached out to CEO David Leinster to support the institution's mission.

9 new art museum and gallery exhibits opening in Houston this month

Houston is experiencing a significant surge in artistic activity this month, anchored by the 40th anniversary of FotoFest and major new installations at the city's leading institutions. The Museum of Fine Arts, Houston (MFAH) is hosting "Buddha/Nature," a dialogue between ancient sculptures and contemporary works, alongside the return of Ernesto Neto’s massive immersive crochet installation, "SunForceOceanLife." Meanwhile, the Menil Collection is showcasing recent gifts, and Artechouse has launched a technology-driven spring celebration featuring AI-assisted sculpting and digital floral environments.

Walkable suspended labyrinth exhibit returns to the Museum of Fine Arts, Houston

The Museum of Fine Arts, Houston (MFAH) has brought back its massive, immersive installation "SunForceOceanLife" by Brazilian artist Ernesto Neto. The 35-foot-tall suspended labyrinth, hand-woven from vibrant paracord and filled with plastic balls, invites visitors to walk through its elevated pathways, requiring them to navigate the structure in museum-issued socks after signing a safety waiver.

A Conversation with Visual Artist Nick Cave

Acclaimed visual artist Nick Cave participated in a public lecture and live conversation moderated by Rukaiyah Adams, CEO of the 1803 Fund, as part of the Miller Family Free Day. The event centered on Cave’s multidisciplinary practice, specifically highlighting his work featured in the exhibition "Conductions: Black Imaginings II" and his iconic Soundsuits, which address themes of social justice, identity, and trauma.

Museum acquisitions round-up: a 17ft sculpture by Anselm Kiefer, a $1.7m dinosaur skull, and a 17th-century genre painting

Three major museums have announced significant new acquisitions for their permanent collections. The Israel Museum in Jerusalem received a monumental 2014 sculpture by Anselm Kiefer, titled *Die Erdzeitalter (Ages of the World)*, donated by collector Martin Z. Margulies. The Smithsonian National Museum of Natural History in Washington, D.C., acquired a $1.7 million Pachycephalosaurus dinosaur skull, donated by former Google CEO Eric Schmidt and his wife Wendy. Meanwhile, the Frans Hals Museum in Haarlem purchased an early 16th-century genre painting by Maarten van Heemskerck.

Philip Tinari appointed as deputy director and head of art at Hong Kong’s Tai Kwun cultural complex

Philip Tinari, the longtime director and CEO of Beijing's UCCA Center for Contemporary Art, has announced he will leave to become deputy director and head of art at Hong Kong's Tai Kwun cultural complex. He will oversee programming at Tai Kwun Contemporary and shape strategy for the entire complex, which includes performing arts, galleries, and restaurants. Tinari replaces Pi Li, who previously worked at M+ and co-founded Boers-Li gallery. The appointment is backed by The Hong Kong Jockey Club, whose director Chin Chin Teoh and Tai Kwun Arts director Timothy Calnin cited a 2018 collaboration with Tinari on a Cao Fei exhibition as influential. Tinari's departure follows reports of financial difficulties at UCCA, which the institution denied. UCCA has appointed Lingyi Kong as new CEO and Xi Guo as deputy director, effective February 2026.

U.S. Museums And Major Expansions Opening Across The Country In 2026

A roundup of major U.S. museum openings and expansions scheduled for 2026 highlights several high-profile projects across the country. These include the Obama Presidential Center in Chicago, the Hip Hop Museum in New York City, and the Lucas Museum of Narrative Art in Los Angeles. Additionally, the Edward W. Kane & Martha J. Wallace Center for Black History opens in Newport, Rhode Island, in June; the San Mateo County History Museum in Redwood City, California, completes a $23.5 million expansion in the fall; and the Rock & Roll Hall of Fame in Cleveland finishes a $175 million expansion adding 50,000 square feet.

Museum of the African Diaspora caps 20th anniversary celebration

The Museum of the African Diaspora (MoAD) in San Francisco is celebrating its 20th anniversary with a public celebration on December 13 and two exhibitions: “Continuum: MoAD Over Time” and “UNBOUND: Art, Blackness and the Universe.” Since opening in 2005, MoAD has been defined by Chester Higgins’s photomosaic “The Girl from Ghana,” which features over 3,000 stamp-sized images from contributors worldwide. Under executive director Linda Harrison (2013–2019) and current CEO Monetta White, the museum shifted from a focus on historical and anthropological narratives to centering contemporary Black artists, hiring its first full-time staff curator, Key Jo Lee, in 2023.