Bank of America ArtTactic Art Market Report 2026 Trends

b of a arttactic art market report 2026 trends

The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

michael joo space zero one venice biennale

Artist Michael Joo has unveiled a major survey exhibition, "Sweat Models 1991–2026," at Space ZeroOne, a new institutional initiative by the Hanwha Foundation of Culture in Tribeca. The show features career-spanning works including "Concatenations," a massive architectural installation composed of century-old aluminum baking trays and personal ephemera, and salt-block sculptures that reference his background in biology and his family's history in cattle ranching.

the lume controversial immersive digital art gallery indianapolis museum of art closed

The Indianapolis Museum of Art at Newfields has officially closed The Lume, its controversial immersive digital art gallery, following the conclusion of its final exhibition on Indigenous Australian art. Since its 2021 launch, the high-tech space hosted popular digital spectacles featuring the works of Van Gogh, Monet, and Dalí, but it will now be repurposed for a new contemporary art initiative that the museum claims will expand how audiences experience art.

banksys walled off hotel in bethlehem reopens for the first time since october 7 attacks

Banksy's Walled Off Hotel in Bethlehem has reopened for the first time since the October 7 attacks on Israel and the subsequent war in Gaza. The hotel, which opened in 2017 across from the West Bank barrier, functions as a guesthouse, museum, art gallery, bookstore, and spray-paint shop, with nearly every window facing the 30-foot-high concrete wall. Manager Wisam Salsaa described the reopening as a symbol of hope and a cultural platform carrying the narrative of Palestine, featuring more than 20 original Banksy works and accommodation ranging from $70 bunk beds to a $495 presidential suite.

con artist charged for fraudulent sale of courbet painting

American con artist Thomas Doyle, 68, has been charged with wire fraud for allegedly defrauding London gallery owner Patrick Matthiesen over a Gustave Courbet painting. Doyle claimed to manage a family trust with billions in assets and offered to broker the sale of Courbet's 1844 oil painting *Mother and Child on a Hammock* without commission. Instead, he delivered the work to his partner Shalva Sarukhanishvili, who sold it to Jill Newhouse Gallery for $115,000; the gallery then resold it to collector Jon Landau for $125,000. Matthiesen received no proceeds and filed a lawsuit against Doyle, Sarukhanishvili, Jill Newhouse Gallery, and Landau. Doyle has a prior fraud conviction involving a Corot painting and was described by a judge as a "career criminal."

matthiesen gallery lawsuit jill newhouse jon landau courbet

The Matthiesen Gallery in London has filed a lawsuit in the Southern District of New York alleging fraud, breach of contract, and other counts over a Gustave Courbet painting, *Mother and Child on a Hammock*. The gallery claims that Thomas Austin Doyle, a convicted con man, orchestrated a scheme to defraud director Patrick Matthiesen, selling the painting—valued at $650,000—through artist and dealer Shalva Sarukhanishvili to Jill Newhouse Gallery for $115,000, which then sold it to top collector Jon Landau for $125,000. The lawsuit also names Landau, who allegedly viewed the work multiple times at TEFAF fairs knowing its retail price, yet refuses to return it. Doyle has a long criminal history, including prior convictions for art fraud and theft.

A World-Class Art Museum Arrives in the Texas Hill Country

A new museum called Arthouse is opening in Marble Falls, Texas, on April 25, 2026, during the town's Paint the Town Festival. Its inaugural exhibition, "Words Matter," features text-based artworks by artists including Faith Ringgold, Ed Ruscha, Terry Allen, and Jenny Holzer, drawn from the collection of oil and gas entrepreneur Mickey Klein and his wife Jeanne, who are longtime art collectors named to ARTnews' Top 200 Collectors list. The building, designed by Lake Flato, is a limestone and metal structure on Main Street that will serve as both a public gallery and an office.

Derrick Adams to Install Monumental Portrait of Koyo Kouoh in Venice During the Biennale

Artist Derrick Adams will install a monumental banner version of his collage "Heavy is the head that wears the crown" (2026) on the facade of the Palazzetto dello sport Giobatta Gianquinto in Venice, near the Arsenale, during the Venice Biennale. The work features a portrait of the late curator Koyo Kouoh, artistic director of the 2026 Venice Biennale, with the word "JOY" radiating golden rays above her head. The tribute was conceived by curator Francesco Bonami, who had invited Kouoh to serve on the Golden Lion jury for his 2003 Biennale, and developed after a studio visit with Adams.

New Jersey Father and Daughter Plead Guilty to $2 M. Counterfeit Art Scheme

Two New Jersey residents, Erwin Bankowski and his daughter Karolina Bankowska, pleaded guilty to running a counterfeit art scheme that funneled over 200 fake works into the legitimate market between 2020 and 2025. The pair consigned forgeries attributed to artists including Andy Warhol, Pablo Picasso, Banksy, and Luiseño artist Fritz Scholder to galleries and auction houses across the United States, defrauding buyers of at least $2 million. They fabricated ownership histories, forged gallery stamps and certificates of authenticity using antique books and aged paper, and now face up to 20 years in prison plus restitution.

Diego Rivera’s grandson donates more than 150,000 objects to Mexico City’s Museo Anahuacalli

Juan Rafael Coronel Rivera, grandson of Diego Rivera, has donated his private collection of 157,300 objects to Mexico City's Museo Anahuacalli. The vast donation spans ceramics, textiles, prints, photographs, archives, and a research library, with works dating from the 16th century to the present. It will be transferred in stages and is expected to be fully integrated by the end of the year.

Pinakothek in Munich Returns Nazi-Looted Painting by Lesser Ury to Jewish Heirs

The Pinakothek museums in Munich have restituted a painting by German-Jewish Impressionist Lesser Ury to the heirs of its original owner, Berlin banker Curt Goldschmidt. The work, 'Interior with Children (The Siblings),' was sold at a forced auction in the 1930s after the Goldschmidt family bank collapsed under Nazi economic policies.

The Sistine Chapel Is Coming to a Mall in Suburban New Jersey

A traveling exhibition featuring high-definition, full-scale replicas of Michelangelo's Sistine Chapel frescoes is opening for an indefinite run at the Westfield Garden State Plaza mall in Paramus, New Jersey. The show, "Michelangelo's Sistine Chapel: The Exhibition," presents all 34 ceiling and altar masterpieces using advanced printing techniques, allowing visitors to view the works up close without the crowds and time constraints of the Vatican.

Members of European Parliament call on EU to pull Venice Biennale funding over Russian participation

At least 34 Members of the European Parliament have signed a letter demanding the suspension of all EU funding to the Venice Biennale Foundation if Russia's participation proceeds. The letter, addressed to top EU officials, argues that allowing a state under extensive sanctions to participate in an EU-funded event contradicts the bloc's values and weakens its credibility.

Russia’s pavilion at Venice Biennale will be closed if it features propaganda, city’s mayor says

Luigi Brugnaro, the mayor of Venice, has stated that Russia's pavilion at the upcoming Venice Biennale will be closed if it engages in propaganda. This declaration comes amid controversy over Russia's planned participation, its first since the 2022 invasion of Ukraine, and internal disputes between Biennale president Pietrangelo Buttafuoco and Italy's culture minister, Alessandro Giuli, who has threatened to withdraw ministry support.

Congress Moves to Expand Holocaust Art Restitution Claims

The U.S. Congress has passed an extension of the Holocaust Expropriated Art Recovery (HEAR) Act, a 2016 law designed to help heirs of Holocaust victims recover looted art. The new legislation aims to limit the ability of museums and other current holders to use time-based legal defenses, such as statutes of limitations, to block restitution claims, thereby pushing more cases to be decided on their factual merits.

3000 pound ice sculpture national mall washington dc

Conceptual artists Nora Ligorano and Marshall Reese created a 3,000-pound ice sculpture spelling out “Democracy” on the National Mall in Washington, D.C. The work, titled *Last Call DemocracyICED*, stood five feet tall and 17 feet wide before melting. It was commissioned by Ben Cohen, co-founder of Ben & Jerry’s and activist behind the Up In Arms campaign, which advocates for reducing Pentagon spending in favor of public health and education. Cohen cited actions by the Trump administration—such as attacks on free speech, secret police arrests, and military use against civilians—as threats to American democracy.

trump mausoleum andres serrano us pavilion venice biennale

Artist Andres Serrano has proposed a mausoleum dedicated to Donald Trump for the US pavilion at the 2026 Venice Biennale. The project, titled "The Game: All Things Trump," would feature thousands of Trump-signed and branded objects Serrano has collected since 2019, along with his 2022 film "Insurrection" about the January 6 Capitol attack. Serrano submitted the proposal to the US State Department Bureau of Educational and Cultural Affairs, though US participation in the Biennale remains uncertain due to potential elimination of the National Endowment for the Arts under Trump.

l artist dead

L, an artist known for spiritually charged sculptures and paintings, has died at age 41 or 42. Their passing was announced by galleries that represented them, though a cause of death was not confirmed. Born Jason Metcalf in Salt Lake City, L created works using objects suspended in mineral oil, which they called "spells," and exhibited at major institutions including Documenta and the Getty Center, as well as galleries such as Marlborough Gallery, 56 Henry, and the Ranch. L was also a spiritual practitioner and neurodivergent, and their career included early performances like "Original Skin" and a notable 2015 show at the LA alternative space JOAN.

Heirs to the Bic Empire Say They’ve Been Robbed of a Renaissance Masterwork

The heirs to the Bic pen fortune, Gonzalve, Charles, and Guillaume Bich, have filed a lawsuit alleging a 15th-century masterpiece by Fra Angelico was stolen from their family. They claim the painting, 'Saint Sixtus,' was taken by their father's chauffeur in 2006 and sold to art dealer Richard Feigen, who later sold it to Chilean collector Alvaro Saieh in 2018. The heirs are now suing Saieh to reclaim the artwork and seeking the return of sale proceeds from Feigen's estate.

'ARTnews' Names 'Confessions of Fire' by Isaiah Davis '25 One of New York's Best Art Exhibitions of 2025

Isaiah Davis '25, a visual arts alumnus of Columbia School of the Arts, opened his third solo exhibition, 'Confessions of Fire,' at King's Leap gallery in Chinatown this fall. The exhibition, which runs through December 20, 2025, features steel sculptures and enamel paintings on metal that explore Black masculinity through the motifs of leather culture and steel, inspired by rapper Cam'ron's debut album. ARTnews named it one of New York's best exhibitions of 2025, with senior editor Alex Greenberger praising the sculpture 'Slave (2025)' as the most surprising work of the year. The New York Times critic Travis Diehl and Frieze critic George Egerton-Warburton also gave it positive reviews.

Chicago's New Design Hub | MoCP's Tonika Lewis Johnson Show | Inside Bar Tutto

Volume Gallery is relocating to a larger space at 1700 West Hubbard Street in Chicago, opening in February with a group exhibition titled 'The Heresy of Legacy.' The Museum of Contemporary Photography announced a solo exhibition by MacArthur Fellow Tonika Lewis Johnson for fall 2027. Elise Seigenthaler Gallery will open in West Town on January 9, while Christina Vassallo is leaving Cincinnati's Contemporary Arts Center to join the Pew Center for Arts & Heritage. Additionally, Novak Construction is set to buy the southern portion of Lincoln Yards, and a River North office building will be converted into apartments.

How Former Fashion Designer Emma Safir Turns Fabric into Beguiling Paintings

Emma Safir, a former fashion designer and printmaker, creates beguiling paintings and tapestries that blend textiles, digital printing, and traditional embroidery techniques. Her works, such as "APRICOT SILK" (2025) and "BABY DARLING" (2025), use smocking, glass beads, and shells to produce organic, jewel-toned surfaces that resist easy reflection or entry, challenging viewers to engage with layered material hierarchies.

Tilda Swinton to Perform at Guggenheim Bilbao in June

Actress and performance artist Tilda Swinton will stage a performance titled 'House of Gestures' at the Guggenheim Bilbao on June 5 and 6. The work, a collaboration with fashion historian and curator Olivier Saillard, is commissioned by Dom Pérignon as part of its 'Creation is an eternal journey' series. The piece explores gesture, presence, and transformation, set in the museum's atrium, and is free and open to the public with advance registration.

After Whistleblower Complaint, Palm Springs Art Museum Declines to Release Report on Allegations of Fraud and Theft, Claims They Are ‘Not Substantiated’

The Palm Springs Art Museum in California has released a three-page statement claiming that an investigation into a whistleblower complaint alleging mismanagement, fraud, and theft found no wrongdoing. The complaint included allegations of improper reclassification of endowment funds, a $3 million discrepancy in investment accounts, and the forced departure of a former director. The museum hired law firm Barnes & Thornburg and forensic accounting firm RSM US to conduct a six-month review, but declined to release the resulting report to ARTnews or the public. The museum acknowledged that proceeds from deaccessioned artworks were used for operating expenses, calling it a long-standing board-approved practice with an internal loan being repaid by 2030.

The Best Booths at NADA New York, From Quietly Ominous Ceramics to Ecstatic Jazz Paintings

The New Art Dealers Alliance opened the 12th edition of NADA New York on May 14, 2026, at Chelsea’s Starrett-Lehigh building, coinciding with Frieze and 1-54 fairs nearby. The fair featured 110 exhibitors, including 51 first-time galleries from New York to Shanghai, with standout presentations by Andrae Green and Cyle Warner at Forgotten Lands, Ruth Owens at Voltz Clarke, and Keiko Narahashi at Tappeto Volante Gallery. This year’s edition emphasized ceramics and fiber art, marking a shift from recent years’ focus on figurative painting.

French Parliament Accuses Louvre of Prioritizing ‘Prestige And Influence’ Over Security Prior to Jewel Heist

French MPs Alexis Corbière and Alexandre Portier have released a parliamentary report accusing the Louvre of prioritizing "prestige and influence" over security, leading to a brazen jewel heist on October 19, 2025. Thieves entered the museum in broad daylight and stole nine pieces of jewelry worth an estimated $102 million in under eight minutes. The report, based on over 20 hearings with 100 insiders, reveals that security had been "relegated to the background" despite audits in 2017 and 2019, and that a Security Equipment Master Plan from 2019 was not implemented in time by former director Jean-Luc Martinez. The report also casts doubt on President Emmanuel Macron's nearly $1 billion renovation plan for the Louvre, announced nine months before the heist.

UK’s Palestinian Ambassador Calls on Government to Have British Museum Reinstate the Word ‘Palestinian’

The Palestinian ambassador to the UK, Husam Zomlot, has called on the British government to intervene in a dispute with the British Museum over the removal of the word “Palestinian” from wall texts in its Middle East galleries. Zomlot raised the complaint with the Foreign & Commonwealth Office after reports that the museum had stripped the term from maps and didactics, following lobbying by UK Lawyers for Israel. The museum denies removing the word entirely, stating it still appears elsewhere, but photographic evidence suggests otherwise. Zomlot declined a tour with director Nicholas Cullinan, calling the issue “existential.”

Hundreds of ‘Piss Bottles’ Left at the Met Gala in Protest of Jeff Bezos

Hundreds of bottles filled with what appeared to be urine were discovered at the Metropolitan Museum of Art during the Met Gala on May 5, 2026, according to the New York Post. The protest was claimed by the anti-billionaire group Everybody Hates Elon, which targeted the event over Jeff Bezos serving as the gala's chair. The group left the bottles with signs labeling them a "Met Gala VIP toilet" and criticizing Bezos for alleged labor practices at Amazon, where workers reportedly feel forced to urinate in bottles due to lack of bathroom breaks. The group later clarified on Instagram that the bottles did not contain real urine.

NYC Mayor Zohran Mamdani Calls on King Charles to Return Treasured Diamond to India

New York City Mayor Zohran Mamdani publicly called on King Charles III to return the Koh-i-Noor Diamond to India during the British monarch's visit to New York City on Wednesday. Speaking at a press conference before a 9/11 commemoration ceremony, Mamdani said he would encourage the King to return the diamond, which was given to Queen Victoria in 1850 after Britain's colonial governor-general arranged its exchange from a deposed Indian leader. The two leaders later met at the ceremony, but Buckingham Palace declined to comment on the discussion.

Venice Biennale Jury Resigns En Masse, Organizers to Award “Visitors’ Lions” in November

The jury for the 2026 Venice Biennale has resigned en masse, announcing the decision via e-flux's Instagram account on April 30 without providing a reason. The five-member jury, including president Solange Oliveira Farks, Zoe Butt, Elvira Dyangani Ose, Marta Kuzma, and Giovanna Zapperi, had previously stated they would not consider national pavilions from countries charged with crimes against humanity by the International Criminal Court, directly affecting Israel and Russia. In response, the Biennale postponed the awards ceremony from May to November 22 and replaced the Golden Lions with two "Visitors' Lions" voted on by the public.