Rashid Johnson's mixed media work *Untitled Escape Collage* sold for $292,100 at Phillips's Modern and contemporary art day sale in New York on May 14, falling short of its low estimate and representing a 72 percent loss in value for the consignor, who had purchased it for $816,500 at the same auction house in 2022. The disappointing result coincides with Johnson's solo exhibition at the Guggenheim Museum in New York.
Frieze New York kicked off at the Shed in Hudson Yards with a notable sale: Jeff Koons's Incredible Hulk sculpture (Tubas) purchased for around $3 million, signaling a reunion between the artist and Gagosian after his departure to Pace in 2021. Despite a cautious market amid President Trump's tariff uncertainties, dealers reported better-than-expected sales on VIP day, with a focus on affordable works in the $50,000-to-$200,000 range. However, challenges emerged including U.S. Customs delays affecting international shipments and tariff confusion that led some fashion designers to withdraw from the Esther II fair.
Christie’s marquee auction on Monday night in New York generated $488.8 million in total sales, led by Piet Mondrian’s 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.6 million—just shy of the artist’s $51 million auction record. The sale featured the Leonard & Louise Riggio collection, the largest single collection of the season, comprising 39 works estimated at $252–326 million; after one withdrawal and one unsold lot, the group achieved $271.9 million. Many high-profile lots, including works by Alberto Giacometti, René Magritte, Barbara Hepworth, Gerhard Richter, Mark Rothko, and Andy Warhol, sold on single bids to third-party guarantors, reflecting a cautious market.
Art Basel has announced the winners of its first-ever Art Basel Awards, a new global honors program recognizing excellence across the contemporary art world. The 36 medalists include artists such as David Hammons, Lubaina Himid, Joan Jonas, and Adrian Piper, as well as patrons, curators, museums, and other art-world figures. The awards were unveiled at a press event in New York, with CEO Noah Horowitz and director Vincenzo de Bellis outlining the structure: medalists will later select 12 gold medalists, with up to six artists receiving $50,000 each and a commission for the 2026 Art Basel fair. The jury includes prominent museum directors and curators from around the world.
Over 350 Mexican cultural professionals have signed an open letter demanding greater transparency from the Instituto Nacional de Bellas Artes y Literatura (INBAL) regarding the management and export of the Gelman Collection. The collection, recently acquired by the Zambrano family and rebranded as the Gelman Santander Collection, includes 18 works by Frida Kahlo and other major 20th-century Mexican artists, with 30 pieces designated as national artistic monuments requiring state oversight.
Hyperallergic's guide highlights 10 exhibitions opening in Upstate New York this May, including the Hessel Museum of Art's annual showcase of thesis exhibitions by graduates of the Center for Curatorial Studies at Bard College, featuring works by Alice Aycock, Arthur Jafa, Mike Kelley, and Ana Mendieta. Other notable shows include Daniele Frazier's camera-less photography at September Gallery, Onnis Luque's investigation into resource exploitation at Art Omi, and Japanese woodblock prints at the Frances Lehman Loeb Art Center. The guide also covers Lukaza Branfman-Verissimo's mixed-media works and Maria Auxiliadora da Silva's paintings.
The Solomon R. Guggenheim Museum has appointed Melissa Chiu as its next director, succeeding Richard Armstrong. Chiu joins the New York flagship institution after a twelve-year tenure at the Smithsonian’s Hirshhorn Museum and Sculpture Garden in Washington, D.C., and is expected to assume her new role this coming September.
The article highlights 11 contemporary Emirati artists, providing an overview of their practices and significance within the Gulf's evolving art scene. It contextualizes this list against recent major events in the region, including the debut of Art Basel Qatar in early February and the subsequent U.S. attacks on Iran, which caused turmoil across the Gulf, disrupted airline operations, and forced Art Dubai to scale back its event to a smaller fair in mid-May. Artists and galleries in the Gulf also had to temporarily close.
The estate of American painter Martha Diamond, who died in 2023, has been signed for representation by the international gallery Thaddaeus Ropac. The gallery will collaborate with the Martha Diamond Trust and David Kordansky Gallery to manage and promote her artistic legacy.
raphael met museum retrospective review
The Metropolitan Museum of Art has launched "Raphael: Sublime Poetry," the first major retrospective of the Renaissance master ever staged in the United States. Curated by Carmen C. Bambach, the exhibition features 237 works, including rare loans of drawings and monumental tapestries that have not left Madrid since the 16th century. While some of his most famous paintings remain in Europe, the show provides an exhaustive look at the artist's development from a teenage prodigy to a papal favorite.
beeple robot dogs nationalgalerie berlin
Digital artist Beeple is set to make his German institutional debut at Berlin’s Neue Nationalgalerie with "Regular Animals" (2025), an installation featuring ten robotic dogs with heads modeled after tech moguls like Elon Musk and iconic artists like Pablo Picasso. The sculptures, which gained viral fame at Art Basel Miami Beach, use AI to process their surroundings and "defecate" stylized prints for visitors. The 11-day pop-up presentation will place Beeple’s work in dialogue with Nam June Paik’s "Andy Warhol Robot" (1994), exploring the intersection of art, media, and mechanical reproduction.
The Art Institute of Chicago has partnered with the Tuscany-based sculpting studio Ten X to create two marble reimaginations of a rare 8th-century Tang dynasty Bodhisattva. The original limestone sculpture, a centerpiece of the museum’s Asian art collection, has been missing its left arm since it was acquired in 1930, leaving its meditative gesture a mystery. Rather than attempting a traditional restoration, curator Dr. Tao Wang commissioned two distinct versions that explore different historical possibilities for the figure's hand placement based on extensive cross-cultural research.
León Gallery's Spectacular Mid Year Auction 2025 will feature a rare egg tempera painting by pioneering Filipina modernist Anita Magsaysay-Ho titled *Water Carriers / Taga-igib* (1947). The work is expected to draw strong market interest, following the artist's previous egg tempera sales at the same auction house—*Tinapa (Fish) Vendors* (1975) and *Fruit Market* (1957)—which fetched $1.52 million and $1.56 million respectively. Only about 20 works by Magsaysay-Ho exist in this delicate medium, making this lot exceptionally scarce. The sale also includes three works by Spanish Filipino artist Fernando Zóbel, whose market has recently surged after exhibitions at the Prado Museum, Ayala Museum, and National Gallery Singapore.
The Mississippi Museum of Art will present "Photography and the Black Arts Movement, 1955-1985," an exhibition featuring over 100 photographers whose work shaped the Black Arts Movement. The show includes iconic images such as Ernest Withers's 1968 photograph of Memphis sanitation workers striking with "I Am A Man" signs, Ming Smith's portrait of Sun Ra, and Ralph Arnold's collage critiquing war and violence. Running from July 25 to November 8 in Jackson, the exhibition spans editorial and commercial photography, self-portraits, and mixed-media works that document protest, cultural identity, and resistance during the Jim Crow era.
The Esther art fair, a satellite of Frieze New York, opened its third and final iteration at Estonian House on East 34th Street. Founded by Estonian gallerists Olga Temnikova and Margot Samel, the fair eschews conventional stands, instead arranging 22 participating galleries and three bespoke projects throughout the historic Beaux-Arts building’s basement, salons, and upper floors. Highlights include sold-out presentations at Adams and Ollman and Management, works by Katja Novitskova, Jill Goldstein, and Elīna Vītola, and a special project by Darja Popolitova and Madlen Hirtentreu turning beauty-industry equipment into installations. Gallerists praised the cooperative atmosphere, contrasting it with larger, more institutionalized fairs.
The article reports on several moves in the art world: the Frankenthaler Climate Initiative opens its sixth grant cycle with over $17.5 million awarded to date for clean energy in visual arts. Gallery news includes P·P·O·W now representing Phoebe Helander, Séverin Guelpa joining Fabienne Levy Gallery, Catinca Tabacaru taking on Andrei Nițu, and Roland Augustine stepping down from Luhring Augustine. Bonhams saw a 9% revenue decline in 2024, part of broader auction house drops, and was sold to Pemberton Asset Management. The piece also highlights an interview with Met director Max Hollein on the museum's global identity.
Artnet News profiles eight Gulf artists who are shaping the region's cultural renaissance, including Mohammad Alfaraj and Dana Awartani. The article highlights their growing international recognition, with Alfaraj winning Art Basel Emerging Artist and Gold Awards in 2025 and Awartani exhibiting at the 2024 Venice Biennale. It notes the expansion of major art fairs like Art Basel and Frieze into the Gulf, alongside new homegrown initiatives such as the Diriyah Contemporary Art Biennale and Rubaiya Qatar.
The article examines the meteoric rise and current cooling of the market for Labubu, the Nordic fanged monster character created by artist Kasing Lung. After a decade of slow development, Labubu exploded in popularity through Chinese toy blind-box manufacturer Pop Mart, leading to record auction sales in 2025. Yongle Auction in Beijing organized the world's first themed Labubu sale, where a mint-green sculpture sold for RMB 1.242 million and a painting, 'Pure' (2021), fetched RMB 1.61 million, setting successive records. The frenzy attracted a diverse range of buyers, from streetwear collectors to traditional ceramics enthusiasts, many of whom share their purchases on social media platforms like Douyin.
Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.
New York City’s gallery scene is set for a major wave of activity between March 10 and March 15, 2026, with dozens of new exhibitions opening across Manhattan. High-profile showcases include Sam Gilliam and Chuck Close at Pace Gallery, Maria Lassnig at Petzel, and Paul Chan at Greene Naftali. The week features a diverse range of media, from David Armstrong’s portraiture at Artists Space to Bat-Ami Rivlin’s industrial installations at Management.
PaperCity tapped Elaine de Kooning House founder Chris Byrne to curate a list of the 14 best art museum exhibitions worldwide in 2026. Highlights include a major Marcel Duchamp retrospective at MoMA—the first North American survey in over 50 years—featuring nearly 300 works, and Raphael's first comprehensive U.S. exhibition at The Met, titled 'Raphael: Sublime Poetry,' with 200 drawings, paintings, and tapestries. Other notable shows include 'The Shakers: A World in the Making' at ICA Philadelphia and a Guerrilla Girls exhibition at the Getty Center in Los Angeles.
Art Basel Paris officially opened on October 22, 2024, with a new VIP tier called 'Avant-Première' granting early access to favored collectors. The fair saw a shift in mood from socializing to business-focused transactions, with multimillion-dollar works on offer, including a Gerhard Richter painting reportedly sold for over $20 million by Hauser & Wirth. Pre-fair events included dinners hosted by Marian Goodman for artist Paul Sietsema, gallery openings at Salon 94's new Palais-Royal space, and a VIP evening at the Musée d'Orsay for a Bridget Riley exhibition. American galleries and collectors dominated the week's parties, with events by David Zwirner, Gladstone, and others.
On July 1, 2025, Tim Blum, the powerhouse Los Angeles dealer behind Blum Gallery, announced the sudden closure of his gallery after a 35-year run. The closure includes his Culver City headquarters, his Tokyo space, and a planned Tribeca location that will no longer open. Blum publicly framed the decision as a voluntary "sunset" due to systemic industry issues like over-expansion and burnout, but interviews with artists and staff reveal a more chaotic reality: the closure blindsided employees and artists, many of whom learned about it from news reports or a last-minute staff meeting that excluded Tokyo staff. Sources cite weak sales at Art Basel and Art Basel Hong Kong, poor business decisions—including buying out partner Jeff Poe and renovating a costly New York space—and a lack of severance or transition time as underlying factors.
Sotheby’s Modern Evening Auction on May 13, 2025, achieved $186.4 million in sales but was overshadowed by the failure of its headline lot: Alberto Giacometti’s hand-painted bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70 million. The work, consigned by the Soloviev Foundation, went unsold after minimal bidding, lacking a guarantee or irrevocable bid. Other highlights included a strong performance by Edvard Munch and Paul Cézanne works, with 40% of lots exceeding high estimates. Notable sales included Georgia O’Keeffe’s *Leaves of a Plant* ($12.97 million) and Alexander Calder’s *Four Big Dots* ($8.285 million), both fresh to market.
Frieze New York (7-11 May) opens its 13th edition at The Shed with around 65 galleries, including mega-galleries Gagosian, David Zwirner, Hauser & Wirth, Pace, and White Cube. The fair arrives amid a turbulent art market: global art sales declined 12% in 2024 per Clare McAndrew's Art Market Report, and President Trump's tariff decisions have roiled the stock market. Frieze's owner Endeavor recently sold the fair to a new company founded by former CEO Ari Emanuel. Despite this, US fair director Christine Messineo expresses optimism, citing strong sales at Frieze Los Angeles in February. The Focus section features 12 emerging galleries, seven of which are first-time participants, including King's Leap, Management, Voloshyn Gallery (Kyiv), and Public Gallery (London).
Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.
Gaëtane Verna, executive director of the Wexner Center for the Arts at Ohio State University, has resigned effective immediately. Her resignation follows a report by the Columbus Dispatch revealing a $1.1 million deficit for fiscal year 2024 and a formal letter of no confidence signed by more than a dozen employees. The letter cited high turnover, organizational dysfunction, financial instability, and reputational harm under Verna's leadership, which began in August 2022. Senior vice provost Trevor Brown will guide the transition until an interim leader is named.
An unprecedented installation by Christo and Jeanne-Claude, titled "Air Package on a Ceiling," is being exhibited for the first time at Gagosian's Grosvenor Hill space in London, opening May 21, 2026. The work was originally conceived in 1968 for the Institute of Contemporary Art in Philadelphia but never realized due to technical constraints. It was rediscovered in 2018 when Lorenza Giovanelli, Christo's former studio manager, found a detailed scale model hidden inside a pedestal. The exhibition also includes early works such as "Wrapped Automobile—Volvo, Model PV-544" (1981), not seen in thirty years, alongside preparatory drawings and collages.
Cristopher Canizares, a longtime partner at mega-gallery Hauser & Wirth, is departing after 16 years to launch his own venture, the Artist Legacy Bureau. This new agency will function as an artist management firm, with Canizares working directly for and being paid by a select group of five or six artists to advise on long-term career strategy across their gallery, institutional, and collector relationships.
embattled louvre director laurence des cars resigns
Laurence des Cars has resigned as director of the Louvre Museum following months of intense scrutiny and institutional turmoil. Her departure, accepted by French President Emmanuel Macron, comes in the wake of a massive $102 million jewelry heist in October 2025 that exposed severe security lapses, outdated infrastructure, and systemic management failures. Despite proposing a major security overhaul and a massive modernization project, Des Cars faced mounting pressure from government audits, staff walkouts, and investigations into ticket fraud.