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collector sues sothebys modigliani painting authenticity 1234762782

Collector Charles C. Cahn, Jr. has filed a lawsuit against Sotheby’s in the Supreme Court of the State of New York, alleging the auction house refuses to resell a painting attributed to Amedeo Modigliani that he purchased in 2003 for $1.55 million. The work, titled *Portrait de Leopold Zborowski* (1917), was consigned under a 2016 agreement allowing Cahn to resell it within 15 years, but Cahn claims Sotheby’s raised authenticity concerns and failed to respond to his recent attempts to consign the piece. He is seeking $2.67 million in damages.

phillips evening sale 2025 stats 2716960

Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.

gustav klimt blumenwiese blooming meadow lauder sale 1234762091

Gustav Klimt's 1908 landscape painting *Blumenwiese* (Blooming Meadow) sold for $86 million at Sotheby's, slightly above its $80 million-plus estimate. The work was part of the Leonard A. Lauder Collection, a major consignment also featuring pieces by Matisse, Munch, and Martin. Lauder had acquired the painting in 1985, drawn to Viennese modernism and Klimt's Attersee period. The sale marks the second-highest price ever for a Klimt landscape, trailing the $104.5 million record set by *Birch Forest* in 2022.

park avenue armory 2026 program marina abramovic 1234761974

The Park Avenue Armory in New York has announced its 2026 program, headlined by the US premiere of Marina Abramović's provocative performance piece "Balkan Erotic Epic" on December 8. The four-hour work, centered on nude fertility rituals rooted in Balkan traditions, will be joined by other multidisciplinary works including Céleste Boursier-Mougenot's sound installation "clinamen," Steve Reich's "Music for 18 Musicians" conducted by Alan Pierson, a Simon Stone production of "The Cherry Orchard" set in modern-day Seoul, and a Benjamin Millepied dance piece based on Romeo and Juliet. All performances will take place in the Armory's Drill Hall.

kaws drift rafael lozano hemmer artists participating abu dhabis public light art exhibition 1234761968

Abu Dhabi’s Department of Culture and Tourism has organized the second edition of its public light art event, titled “The Light Compass,” for the 2025-26 season. Curated by a four-person team led by artistic director Khai Hori, the event features 15 installations by international and Emirati artists, including DRIFT, KAWS, Rafael Lozano-Hemmer, Shaikha Al Mazrou, Ammar Al Attar, and Christian Brinkmann. Works are displayed across multiple sites: Jubail Island and Souq Al Mina in Abu Dhabi, and Al Qattara Oasis and Al Jimi Oasis in Al Ain, a UNESCO World Heritage Site. Highlights include DRIFT’s biometric dome and drone show, KAWS’s giant “Companion” figure holding a glowing orb, and site-specific pieces by Lozano-Hemmer and others.

french art world opposes proposal new taxes 1234761820

Two French parliamentarians, Jean-Paul Matteï and Philippe Juvin, have proposed a new tax regime on art as part of France's 2026 budget, which would make France the only major art market to impose a wealth tax on the mere possession of artworks. The French art world has strongly opposed the proposal, with 27 signatories including Art Basel, auctioneer Drouot, visual artists' rights organization ADAGP, the Association for the International Diffusion of French Art (ADIAF), and the Comité Professionel des Galeries d’Art (CPGA). Critics argue the tax is technically unenforceable, would drive collectors away, and harm the broader art ecosystem.

emerging risks art collecting insure against 1234755776

Private Client Select (PCS), an insurance partner for serious art collectors, highlights the growing complexity of protecting fine art and collectibles. The article details unusual but real claims—such as a conceptual artwork mistaken for trash, a fiber work unraveled by a cat, or a sculpture damaged by a housekeeper—alongside more common risks like climate damage, transit mishaps, and theft. PCS's Art Services team, led by Senior Vice President Muys Snijders, offers proactive risk management, coordinating conservators, appraisers, and storage solutions. Emerging threats include climate change (wildfires, floods), social media exposure, financial complexities (tariffs, collateral lending), and material degradation of contemporary works using nontraditional materials.

dubai reveals plans for first modern and contemporary art museum 1234759438

Dubai has announced plans for its first museum dedicated to modern and contemporary art, the Dubai Museum of Art (DUMA), designed by Pritzker Prize-winning Japanese architect Tadao Ando. Located along Dubai Creek, the five-story museum will feature a curved shell inspired by the sea and pearl, with a central roof opening, library, study rooms, and flexible spaces for art fairs. The project is developed by the Al-Futtaim Group with support from Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum. No opening date has been set.

sothebys records highest ever totals in france for surrealist and modern sales during art basel paris week 1234758910

Sotheby's Paris achieved record-breaking totals for surrealist and modern art auctions during Art Basel Paris week, with combined sales of €89.7 million ($104 million) across its Surrealism and Its Legacy and Modernités sales—a 50 percent increase over the same event last year. The top lot was Amedeo Modigliani's *Elvire en buste* (1918-1919), which sold for €27 million ($31.3 million), the highest auction price for a painting by the Italian artist in France and the most valuable work ever sold by Sotheby's Paris. Other highlights included Modigliani's *Raymond* (1915) at €10.6 million, René Magritte's *La Magie Noire* (1934) at €10.7 million, and a complete set of Pablo Picasso's *Séries 347* etchings, which set a French auction record for any print by the artist.

christies modern british and irish evening auction in london nets 23 m marking 20 percent increase on 2024s sale 1234758580

Christie’s Modern British and Irish Art evening sale in London on Wednesday achieved £17.3 million ($23 million), a 20 percent increase over the equivalent sale in 2024. The top lot was Barbara Hepworth’s *The Family of Man (Figure 9, The Bride)* (1970), which sold for £3.9 million ($5.2 million). The sale had a 90 percent sell-through rate by value and 81 percent by lot, with 39 percent of works exceeding their high estimates, though the total fell short of the £22.6 million high estimate. Other notable results included Hepworth’s *Vertical Wood Form* (1968) at £1.4 million, Stanley Spencer’s *The Meeting* (1933) at the same price, and Bridget Riley’s *Dendera* (1983-2002) at £1.2 million.

george soros trump open society foundations investigation 1234753658

The Trump administration has escalated its attacks on billionaire philanthropist George Soros, with the Justice Department calling for an investigation into his Open Society Foundations. The foundations, which provide substantial grants to artists and human rights organizations globally, are accused of potential racketeering, wire fraud, and material support for terrorism, based on allegations from the conservative Capital Research Center. Soros, a major Democratic donor, has previously been targeted by Trump and Vice President JD Vance, who claim the foundations fund leftist protests. The Open Society Foundations have awarded $100,000 fellowships to numerous prominent artists, including Firelei Báez, Yto Barrada, and Nicholas Galanin, and provided $1.2 billion in funding in 2024 alone.

cai guo qiang fireworks show tibet 1234753145

Chinese artist Cai Guo-Qiang staged a fireworks performance titled 'The Rising Dragon' at the base of the Himalayas in Shigatse, Tibet, sponsored by outdoor apparel brand Arc'teryx. The event, which involved colored smoke emitted at 18,000 feet elevation, sparked widespread online criticism over environmental concerns. Chinese authorities launched an investigation, and both Arc'teryx and Cai issued public apologies.

banksy loan dispute brandler metamorfosi 1234753077

John Brandler, a British street art specialist, loaned three Banksy works to Metamorfosi, a Rome-based touring exhibition company, for shows in Italy and Switzerland. After a two-year contract expired and was extended with a monthly fee, Brandler claims Metamorfosi has fallen behind on payments and has not returned the artworks, including the mural "Season's Greetings" (2018), "Heart Boy," and "Computer Robot." Another Banksy dealer, Acoris Andipa, says he is owed £45,000 for curatorial services. Metamorfosi disputes the claims, stating it has paid monthly installments and attempted to return the works, blaming storage issues for the delay.

josh baer collectors emerging artists prices first works 1234752518

Art adviser and Baer Faxt founder Josh Baer has proposed specific price limits for works by "ultra-emerging" artists—those fresh out of school, such as an MFA graduate from Yale. In his No Reserve newsletter, Baer advises collectors to pay no more than $15,000 for a large work and $5,000 for a small piece at a first solo show in a reputable gallery. The advice comes amid ongoing debate about inflated prices for young artists, following a column by Artnet News editor-in-chief Naomi Rea that questioned the market's pricing logic. LA gallerist Charlie James endorsed Baer's thresholds, though some collectors argue that pricing cannot be so neatly codified.

aichi triennale protests israel matching program 1234751985

The Aichi Triennale in Japan has become embroiled in controversy over the Aichi-Israel Matching Program, a business initiative linking local companies with Israeli startups. Protesters, including several participating artists, have signed an open letter demanding the program's cancellation, accusing it of normalizing alleged human rights abuses. The triennial's curator, Hoor Al-Qasimi, has publicly criticized Israel's military actions in Gaza, and one organizing committee member, Hideyuki Tomita, has resigned amid the backlash.

newly discovered snail named after picasso 1234751854

An international team of malacologists has discovered 46 new species of Southeast Asian microsnails, all under the genus Anauchen. One of them, Anauchen picasso, is named after Pablo Picasso because the angular patterns on its 3mm-wide shell resemble Cubism. The findings were published in the peer-reviewed journal ZooKeys, based on fieldwork in Cambodia, Myanmar, Laos, Thailand, and Vietnam, and comparisons with specimens from the Florida Museum of Natural History.

obama presidential center artist commissions jenny holzer nick cave 1234751585

The Obama Presidential Center in Chicago has announced nine new commissions by ten artists for its 19.3-acre campus, set to open next spring. The commissioned works include a text-based sculpture spelling 'HOPE' by Jack Pierson, a bronze sculpture by Kiki Smith, a digital mural by Jules Julien, a textile-and-sound installation by Nick Cave and Marie Watt, paintings by Jenny Holzer and Idris Khan, a sculpture by Nekisha Durrett, a mural by Aliza Nisenbaum, and an outdoor bronze by Alison Saar. These join five previously announced commissions, with plans for over 25 site-specific works total.

art market minute jul 28 2671920

Artnet News reports that AI-generated artworks are achieving record prices at art fairs and auction houses, with increasing presence in major exhibitions like the Digital Art Mile during Art Basel and a dedicated AI art auction at Christie's. The article features commentary from Artnet's European news reporter Jo Lawson-Tancred, who discusses how artificial intelligence is transforming both the market and business practices in the art world, while noting lingering concerns about market readiness and ethics.

anish kapoor lists 56 leonard street apartment new york 1234748246

Artist Anish Kapoor is selling his New York apartment at 56 Leonard Street in Tribeca for $17.75 million. The 3,576-square-foot unit on the 47th floor features four bedrooms, four-and-a-half bathrooms, private outdoor spaces, and a travertine marble bath. The building, designed by Herzog & de Meuron, houses a smaller version of Kapoor's famous sculpture Cloud Gate at its base. Kapoor purchased the apartment for roughly $14 million in 2016 and previously listed it for about $18 million last year. The listing is held by Serhant's Krista Nickols and Martin Garcia.

banksys migrant child removed from venice 1234748164

A fading Banksy mural titled *Migrant Child*, painted on a palazzo in Venice during the 2019 Venice Biennale, was removed from its wall late Wednesday night by a conservation team led by Federico Borgogni. The piece, which shows a child in a lifejacket holding a pink smoke flare, had suffered water damage and salt exposure. The restoration is financed by Banca Ifis, a Venice-based bank, which plans to display the work at free cultural events after conservation. The removal proceeded despite earlier criticism from artists and activists who argued that the work's decay was integral to its meaning.

refik anadol lionel messi favorite goal ai data sculpture 2655552

Refik Anadol's A.I. data sculpture "A Goal in Life," based on Lionel Messi's favorite goal from the 2009 Champions League final, sold for $1.87 million at Christie's. The artwork uses millions of data points, including Messi's biometric voice data, breathing patterns, and heartbeat rhythms, to recreate the moment in an immersive 16K-resolution mirrored room. Proceeds benefit education programs in Latin America and the Caribbean supported by the Inter Miami CF Foundation.

taipei dangdai nixes 2026 edition 2669806

Taipei Dangdai Art and Ideas, the annual art fair in Taiwan's capital, will not hold its 2026 edition as organizers pause to conduct a strategic evaluation of the fair's model, timing, scale, and format. The decision follows a prolonged contraction in the art market and comes days after the Art Dealers Association of America canceled its long-running Art Show in New York. The fair, which first launched in 2019 and held its sixth edition in May, had seen its exhibitor numbers decline from over 90 to around 50 this year. Co-director Robin Peckham left after the 2025 edition, and the fair's parent organization, the Art Assembly, has removed material about previous editions from its website, with its Instagram account apparently disabled.

why no one trusts art prices anymore 2666290

Artnet News editor-in-chief Naomi Rea joins Kate Brown on The Art Angle podcast to discuss the unraveling of traditional art pricing logic. The art market has cooled beyond a typical downturn, entering what Rea calls a "danger zone" where dealers and advisors are quietly recalibrating as speculation dries up and confidence wanes. The episode examines how pricing mechanisms that once held the market together have broken down, affecting everyone from mega-galleries to emerging dealers.

simon de pury artnet hans neuendorf 2667480

Simon de Pury pays homage to Hans Neuendorf, the visionary founder of Artnet, following the announcement of Artnet's sale at the end of May. De Pury recounts Neuendorf's background as a successful art dealer who championed underappreciated artists like Francis Picabia, and describes how Neuendorf revolutionized the art world by creating the world's most comprehensive auction results database in 1989 (initially called Centrox). The article contrasts the pre-digital era of manually filing auction results with the instant access Artnet now provides, and notes that Neuendorf later expanded the platform with Artnet News and Artnet online auctions.

leonardo da vinci vitruvian man secrets dentist 2663052

A London-based dentist, Dr. Rory Mac Sweeney, has published a new analysis of Leonardo da Vinci's "Vitruvian Man" (c. 1490) in the Journal of Mathematics and Arts. Using his professional training, Sweeney identifies an equilateral triangle hidden between the figure's legs, which he links to "Bonwill's triangle," a 19th-century dental principle describing optimal jaw function. He argues that Leonardo intuitively encoded geometric relationships—including a tetrahedral ratio of approximately 1.64—that anticipate modern understanding of biological architecture.

waterhouse tennyson lady of shalott 2650097

English painter John William Waterhouse created three paintings based on Lord Alfred Tennyson's poem "The Lady of Shalott," depicting a cursed woman from Arthurian legend. The article explores Waterhouse's deep admiration for Tennyson, noting that he filled his copy of Tennyson's works with sketches. It reveals that Waterhouse painted the story in reverse chronological order, starting with the final scene in 1888, then the moment of temptation in 1894, and finally the lady's lament in 1915. The article also identifies the model for the first painting as likely Waterhouse's wife, artist Esther Kenworthy Waterhouse, and describes symbolic details in the work, such as the snuffed candles foreshadowing death.

curator andrea von goetz alps 2659767

Curator, collector, and artistic director Andrea von Goetz founded Sommer Frische Kunst in 2011 as a humble artist-led retreat in Bad Gastein, Austria, housed in the historic Kraftwerk am Wasserfall building. Over 15 years, the initiative has grown from a small artist-in-residence program into an internationally recognized contemporary art festival at 1,000 meters above sea level, featuring major exhibitions, public art projects, and its own art fair, art:badgastein. The 2025 anniversary is marked by a reunion exhibition titled "Welcome back!" co-curated with Dr. Silvie Aigner.

ai weiwei major installation ukraine 2661107

Chinese artist and activist Ai Weiwei will debut a major new installation in Kyiv, Ukraine, this fall at Pavilion 13, a Soviet-era glass exposition hall that recently reopened as a cultural venue after renovation by architectural firm Forma. The work, titled *Three Perfectly Proportioned Spheres and Camouflage Uniforms Painted White* (2025), features metal spheres inspired by Leonardo da Vinci's mathematical illustrations, encased in camouflage fabric thinly painted white, exploring themes of concealment, reality, and war. Commissioned by the nonprofit Ribbon International, the installation will be on view from September 14 to November 30, 2025, alongside a site-responsive intervention by Berlin-based artist Sam Lewitt.

lempicka rafaela nude auction 2656453

Tamara de Lempicka's portrait of her lover, *La Belle Rafaëla* (1927), sold for £7.47 million ($10.05 million) at Sotheby's London Modern and Contemporary Evening Sale on June 24. The work, estimated at £6–9 million, hammered just above its low estimate to a buyer in the room. It had last appeared at auction in 1985, when it sold for $242,000, then a record for the artist. The painting depicts Rafaëla, a sex worker Lempicka encountered in Paris's Bois de Boulogne, who became her lover and muse.

art market minute jun 23 2659130

Art Basel 2026 confirmed that the global art market remains a buyer's market, with sales occurring across various price brackets. A new generation of collectors is emerging, driven by curiosity, community, and long-term engagement rather than speculation. Meanwhile, former Sotheby's executive Adam Chinn has quietly built the art lending firm International Art Finance, backed by the Nahmad family.