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Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

TEFAF New York Opened to Crowded Aisles, Bullish Collectors, and Strong Booths

TEFAF New York opened at the Park Avenue Armory with unexpectedly strong crowds and a buoyant mood, defying the typical afternoon lull. Dealers reported heavy foot traffic and sustained conversations, with gallerist Sean Kelly calling it the best edition in years. The fair, running through May 19, features a mix of antiquities, design, modern, and contemporary art, with standout booths including Alison Jacques’s pairing of Dorothea Tanning, Robert Mapplethorpe, and Gordon Parks, and Sean Kelly Gallery’s display of works by Shahzia Sikander and Sam Moyer. The newly launched Pace Di Donna Schrader Galleries made its TEFAF debut with works by Eugène Delacroix, Willem de Kooning, and Alexander Calder.

Rothko Leads Sotheby’s $433.1 M. Contemporary Art Sale, UK Returns Artifacts to Ethiopia, and More: Morning Links for May 15, 2026

Sotheby’s kicked off the May marquee auction season with a $433.1 million result from its modern and contemporary art evening sales in New York. The sale was led by Mark Rothko’s painting *Brown and Blacks in Reds* (1957), which sold for $85.8 million from the estate of late dealer Robert Mnuchin, who had purchased it in 2003 for $6.7 million. The auction also saw strong results for works by women artists like Joan Mitchell and ultra-contemporary artists such as Ding Shilun and Yu Nishimura. Separately, the King’s Own Royal Regiment Museum Trust in the UK returned looted artifacts to Ethiopia, including a lock of hair and blood-stained cloth belonging to Emperor Tewodros II, taken during the Anglo-Indian Expedition of 1868.

Rothko from Robert Mnuchin’s Estate Sells for $85.8 M., Leading Sotheby’s New York’s $433.1 M. Contemporary Art Sale

Sotheby’s New York held a $433.1 million modern and contemporary art sale at its Madison Avenue headquarters, led by Mark Rothko’s *Brown and Blacks in Reds* (1957), which sold for $85.8 million. The auction opened with 11 works from the estate of legendary dealer Robert Mnuchin, totaling $166.3 million, including a second Rothko and pieces by Willem de Kooning, Franz Kline, and Pablo Picasso. The contemporary art segment followed, with Jean-Michel Basquiat’s *Museum Security (Broadway Meltdown)* (1983) selling for $52.7 million. The overall sale was described by advisers as robust but not particularly exciting, and it significantly exceeded the $186.1 million equivalent sale from last year.

The Met and Neue Galerie Embark on Historic Merger

The Metropolitan Museum of Art and the Neue Galerie in New York have announced a historic merger set for 2028. The Met will acquire the Neue Galerie's Beaux-Arts mansion, renaming it the Met Ronald S. Lauder Neue Galerie (or Met Neue Galerie), while preserving its museum experience. The merger comes ahead of the Neue Galerie's 25th anniversary and its renovations from May to August 2026. Founder Ronald S. Lauder will remain involved, and the Met will supplement the Neue Galerie's programs, research, and digital initiatives. Major fundraising is underway, with the endowment target of $200 million already 80 percent met, supported by Lauder, his daughter Aerin Lauder Zinterhofer, and trustee Marina Kellen French.

Hungary’s New Minister of Culture Vows to Restore Artistic Freedom, Turner’s Famous ‘Self-Portrait’ Called Into Doubt, and More: Morning Links for May 14, 2026

An expert claims that the iconic self-portrait of J.M.W. Turner, which hangs in Tate Britain and appears on British £20 notes, was not actually painted by Turner. James Hamilton, a Turner scholar, argues the work was misattributed when it entered the Turner Bequest and may instead be by Turner contemporary John Opie. Meanwhile, Hungary’s new Minister of Culture, Zoltán Tarr, vows to restore artistic freedom and dismantle political control over cultural institutions following the election of Prime Minister Peter Magyar. The Trump administration is proceeding with construction of a contested Triumphal Arch and a White House ballroom, and a former Louvre employee has been charged in a ticket fraud scandal.

Contemporary Icons and Modern Masters Headline This Major May Sale

Rago/Wright is hosting two major spring sales on May 14, 2026: 'Pure Edge: American Geometric Abstraction, Selected Works from the Museo de Arte Contemporáneo de Buenos Aires' and a Post War and Contemporary Art sale. The first features 19 works from the museum's premier collection of American geometric abstraction, while the second spans 20th- and 21st-century art. Highlighted lots include Sam Gilliam's 'Sun Woman' (1970, est. $300,000–$500,000), Annie Morris's 'Stack 7 (Ultramarine Blue)' (2015, est. $150,000–$200,000), Miyoko Ito's 'Adam and Eve' (1957, est. $200,000–$300,000), and Maria Martins's 'Impossible' (1946, est. $150,000–$200,000).

New Museum unveils Sarah Lucas's bawdy Bowery commission

The New Museum unveiled Sarah Lucas's sculpture "VENUS VICTORIA" (2026) on May 12 as the inaugural commission for its new public plaza on the Bowery in New York. The work features a pink-hued figure in yellow high heels straddling a giant cast-concrete washing machine, riffing on the classic reclining nude. Lucas's proposal was selected by an all-artist jury including Teresita Fernández, Joan Jonas, Julie Mehretu, Cindy Sherman, and Kiki Smith. The sculpture will remain on view for two years, after which another commission by a woman artist will take its place.

Two Museums Take on Performative Masculinity, Looksmaxxing, Incels, and Other Macho Buzzwords That Don’t Belong There.

The Stedelijk Museum and Kunstmuseum St. Gallen have co-organized an exhibition titled "Beyond the Manosphere: Masculinities Today," which aims to critically examine contemporary masculinity and its online manifestations such as incels, looksmaxxing, and pickup artists. The show features works by artists including Reba Maybury and Richard Serra, and is curated by Melanie Bühler, with directors Rein Wolfs and Gianni Jetzer overseeing the project. The exhibition will travel from the Stedelijk to the Kunstmuseum St. Gallen later this year.

Market Outlook for New York’s May Sales

New York's May sales season is underway with over $1.8 billion worth of art heading to auction at major houses including Sotheby's, where a monumental Rothko consigned by Robert Mnuchin is expected to fetch $70–100 million. Frieze New York opens at the Shed with 68 galleries, half of them local. Other notable developments include a major Banksy work hitting the auction block with one of its highest estimates ever, and the estate of sculptor Robert Therrien leaving Gagosian after nearly 30 years to join David Zwirner.

More than 70 Venice Biennale artists withdraw from awards

More than 70 artists participating in the 2025 Venice Biennale have withdrawn from consideration for the Golden Lion awards, which this year will be decided by public vote. The artists, including Walid Raad, Laurie Anderson, and Yto Barrada, signed a statement published on e-flux on May 9, withdrawing in solidarity with the entire prize jury that resigned last month over a dispute regarding the participation of Israel and Russia. The Biennale management replaced the traditional jury-selected awards with a new "Visitor Lion" system where ticket holders can vote, but the Biennale has acknowledged that if any of the withdrawing artists win, they will not collect the award.

Sound-based Holy See pavilion opens at Venice Biennale as Vatican’s contemporary art ambitions grow

The Holy See's pavilion at the Venice Biennale has opened, featuring a sound-based exhibition titled "The Ear is the Eye of the Soul" (9 May–22 November). The show, inspired by the medieval Benedictine nun Saint Hildegard of Bingen, includes commissioned audio works by high-profile artists and musicians such as Brian Eno, FKA Twigs, Patti Smith, Jim Jarmusch, and Precious Okoyomon. The exhibition takes place across two Venetian sites—the Mystical Garden of the Discalced Carmelite and the Santa Maria Ausiliatrice complex—and is co-organized by Hans Ulrich Obrist, artistic director of the Serpentine Gallery, and curator Ben Vickers, in collaboration with Soundwalk Collective.

Our pick of the best pavilions at the 61st Venice Biennale

The article highlights standout national pavilions at the 61st Venice Biennale. The Belarus Pavilion features a powerful installation by the Belarus Free Theatre, including a wheat field built by former political prisoners, straw spiders made from prison bars, and a confession booth that runs facial recognition. The Brazil Pavilion presents a joint exhibition by Rosana Paulino and Adriana Varejão, focusing on colonial wounds and trauma through works like Paulino's 'Aracnes' and Varejão's 'Still Life amid Ruin'. The Bosnian Pavilion by Mladen Bundalo invites tactile engagement with themes of diaspora and migration, while the Austrian Pavilion by Florentina Holzinger draws attention with nude performers in water-filled pools.

Filippo Lippi painting—once the centrepiece of Florence's Palazzo Medici Chapel—to undergo two-year restoration

The Staatliche Museen zu Berlin has announced a two-year restoration of Filippo Lippi’s 1459 painting *The Adoration in the Forest*, funded by the Ernst von Siemens Kunststiftung and the Schoof’schen Stiftung. The tempera-on-panel work, a centerpiece of the Palazzo Medici chapel in Florence, is now in the Gemäldegalerie’s collection. Conservators discovered that a 19th-century varnish layer is degrading the paint, causing it to lift off the panel, particularly affecting the Virgin’s blue cloak, skin, and gold leaf areas. The treatment aims to remove the varnish while stabilizing the paint layer, and may also reveal Lippi’s use of oil paint alongside egg tempera.

See Some of the Most Outrageous, Stylish Looks at the 2026 Met Gala

The 2026 Met Gala raised $42 million for the Metropolitan Museum of Art's Costume Institute, surpassing last year's $31 million. The event, themed "Costume Art" with a dress code of "Fashion is Art," featured honorary chairs Jeff Bezos and Lauren Sánchez Bezos, whose involvement sparked protests. Co-chairs included Beyoncé, Nicole Kidman, Venus Williams, and Anna Wintour, with artists Anna Weyant, Tschabalala Self, and Amy Sherald on the host committee. The gala precedes the Costume Institute's spring exhibition, also titled "Costume Art," opening May 10.

Unrealized Artwork by Christo and Jeanne-Claude Will Take Over Gagosian in London

Gagosian gallery in London will present "Christo: Air," an exhibition opening May 21 and running through August 21, featuring a never-realized artwork conceived by Christo and Jeanne-Claude in 1968. The centerpiece, "Air Package on a Ceiling," was originally planned for the Institute of Contemporary Art in Philadelphia but abandoned due to technical limitations. The work, a 32-by-52-foot internally illuminated suspended form, will be installed for the first time, along with other rare pieces including "Wrapped Automobile—Volvo, Model PV-544 (1981)," which has not been shown in 30 years. Studio manager Lorenza Giovanelli discovered the original plans in 2018, two years before Christo's death.

Jarvis Cocker Is Bringing His Eclectic Eye to the Hepworth Wakefield

Musician Jarvis Cocker and his wife, creative consultant Kim Sion, will curate an exhibition titled “The Hodge Podge” at the Hepworth Wakefield in the U.K., opening in May 2027. The show will feature artworks selected by the couple that challenge conventional definitions of art, spanning diverse media and time periods, with artists including Peter Doig, Barbara Hepworth, Jeremy Deller, and Emma Kunz. The exhibition will be bookended by an immersive Dreamachine, a 1959 light-art device by Brion Gysin and Ian Sommerville. Cocker and Sion have outlined their curatorial philosophy in a Hodge Podge Manifesto, celebrating beauty in chaos and disorder.

Botticelli under UK export ban purchased by Klesch Collection

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), valued at £10.2 million, has been purchased by the Klesch Collection, a British private collection, after the UK government placed an export bar on the work in May 2025. The painting, which sold at Sotheby’s London in late 2024 for £9.7 million, will be loaned to the Ashmolean Museum in Oxford for three years, ensuring it remains in the UK.

George Baselitz, Purveyor of the Tortured Male Genius Myth, Dies at 88

Georg Baselitz, the influential German Neo-Expressionist painter known for his emotionally charged, often violent works and his controversial statements about women artists, has died at age 88. His final paintings will be shown in the exhibition "Eroi d’Oro" at the Fondazione Giorgio Cini in Venice starting May 6. Baselitz rose to prominence with his "Heroes" series of monumental male soldiers and his signature "upside down" paintings, which forced viewers to focus on painterly gesture over representation. He was a key precursor to Germany's Neue Wilde movement and confronted Germany's World War II trauma in works that combined expressionistic brutality with Wagnerian grandeur.

British billionaire's £200m art collection most expensive ever offered in UK

British billionaire Joe Lewis will sell a tranche of his art collection in a standalone sale at Sotheby’s in London this June, estimated at £150m–£200m. This makes it the most valuable single-owner collection ever offered in the UK, surpassing the Pauline Karpidas collection which totalled £101m. Highlights include Gustav Klimt’s *Bildnis Gertrud Loew* (est £20m–£30m), Amedeo Modigliani’s *Homme à la pipe* (est £12m–£18m), and Francis Bacon’s *Two Studies for Self-Portrait* (est £8m–£12m). The sale follows a smaller March auction of four works from the Lewis collection that focused on School of London artists.

7 Books We’re Looking Forward to in May

ARTnews has published a list of seven art books to look forward to in May 2026, covering a wide range of topics from contemporary theory and AI imagery to historical biographies and the Venice Biennale. Featured titles include Dena Yago's collected writings 'That Figures,' Victoria Johnson's biography of Frederic Church 'Glorious Country,' Trevor Paglen's 'How to See Like a Machine,' Nicholas Fox Weber's 'Anni Albers: A Life,' Massimiliano Gioni's 'High Waters: An Oral History of the Venice Biennale,' Rennie McDougall's 'Nonstop Bodies: How Dance Shaped New York City,' and Paul Elie's 'Last Supper: Art, Faith, Sex and Controversy in the 1980s.'

Buffalo AKG Art Museum Director Janne Sirén to Depart After 13 Years

Janne Sirén, director of the Buffalo AKG Art Museum in Upstate New York, will step down in October after 13 years. His tenure included a major $230 million expansion in 2023 that doubled the museum's square footage and drew a record 340,000 visitors in the following year. However, his departure follows local media reports that he used a museum loan to help finance his $710,000 home, with the Erie County Comptroller’s Office alleging he failed to repay it and that the loan may violate state nonprofit laws. The museum defended the loan as common in executive recruitment and stated it operates in full compliance with the law.

Rare Roy Lichtenstein Work Could Net $60 Million at Auction

A long-lost Roy Lichtenstein painting from his iconic 'Girl' series, *Anxious Girl* (1964), has resurfaced after more than 30 years in a private collection and will be offered at Christie’s 20th Century Evening Sale in New York on May 18. The work, one of only 10 comic-inspired female portraits Lichtenstein produced during his breakthrough period between 1963 and 1965, carries an estimate of $40–60 million. The consignor acquired it from legendary Pop art patrons Horace and Holly Solomon over three decades ago.

$60 M. Lichtenstein Comes to the Block at Christie’s, Potentially Joining His Priciest Works at Auction

Christie’s will offer Roy Lichtenstein’s 1964 painting *Anxious Girl* from the collection of legendary New York collector-dealer Holly Solomon and her husband Horace, with an estimate of $40–60 million. If it reaches its high estimate, it will become the artist’s second-priciest work at auction, trailing only *Nurse* (1964), which sold for $95.4 million in 2015. The work leads Christie’s 20th-century evening sale on May 18, amid a flurry of high-value consignments as both Christie’s and Sotheby’s aim to sustain momentum after posting improved 2025 results.

Book uncovers the life of Barnett Newman, an artist who ran for New York mayor

A new biography titled "Barnett Newman: Here" by Amy Newman (no relation) explores the life of Abstract Expressionist painter Barnett Newman, revealing his little-known 1933 run for mayor of New York City at age 28 under a platform of cultural and environmental reforms. The book details his upbringing as the son of Jewish immigrants in the Bronx, his philosophical studies, and his eventual reinvention as a painter who pioneered the 'zip' painting style with works like Onement I, while also chronicling his combative personality and lifelong battles against political machines and critics.

From monumental glass sculptures to a lagoon in the sky: what to see beyond the Venice Biennale pavilions

The article highlights several must-see exhibitions and installations beyond the main Venice Biennale pavilions. Patrizia Sandretto Re Rebaudengo's redevelopment of the island of San Giacomo opens on 7 May, transforming abandoned Napoleonic-era powder magazines into exhibition spaces with a solo show by British artist Matt Copson and a group show from her collection. American artist Melissa McGill presents 'Marea', a street-spanning installation of 100 paintings created with local residents and students, addressing climate change and rising sea levels. Dale Chihuly returns to Venice with 'Chihuly: Venice 2026', featuring monumental glass installations along the Grand Canal, including 'Gold Tower' (2025). Wallace Chan unveils titanium sculptures at the Chapel of Santa Maria della Pietà, with a parallel exhibition at the Long Museum in Shanghai.

Harnessing the winds of societal change: how art dealers have been able to shape taste for centuries

Valentina Castellani, a former Gagosian director, has authored a new book titled *Trading Beauty: Art Market Histories from the Altar to the Gallery* (out 1 May). The book traces how art dealers have historically leveraged societal changes—political, economic, and social—to reshape taste and market structures. Castellani begins in the Middle Ages, when art was made only on commission for patrons like the Catholic church and monarchies, and moves through key shifts such as the Dutch Republic's first open art market in the 17th century, which gave rise to the professional art dealer. She highlights dealers like Paul Durand-Ruel, Joseph Duveen, and Leo Castelli who capitalized on anti-establishment energy, new wealth, and post-war consumer culture to bring avant-garde art to the forefront.

This 17th-Century ‘Supercomputer’ Could Set a New Auction Record

A rare 17th-century Mughal astrolabe, crafted in Lahore in 1612 by brothers Qa'im Muhammad and Muhammad Muqim, is heading to Sotheby's London on April 29 with an estimate of £1.5 million to £2.5 million ($2 million to $3.4 million). Weighing nearly 20 pounds and measuring the diameter of a large cooking pot, it is one of only two known astrolabes by these makers—the other resides in the National Museum of Iraq. Commissioned by Aqa Afzal, a Safavid-born deputy governor of Lahore, the instrument lists 94 cities, 38 stars, zodiac signs, and includes quadrants for trigonometry and solar calculations, blending Islamic and Sanskritic astronomical traditions.

A Long-Running Case Centering on Alleged Robert Indiana Forgeries Is Resolved with a $102 M. Settlement

A New York jury has awarded $102.2 million in damages to the Morgan Art Foundation in a long-running copyright and forgery case against art publisher Michael McKenzie. The jury found that McKenzie created unauthorized and altered versions of works by Pop artist Robert Indiana, including multiple iterations of Indiana's iconic LOVE prints and sculptures, as well as works such as *The Ninth American Dream* (2001), *USA FUN* (1965), and a sculpture titled *BRAT*. The lawsuit, which began in 2018 shortly before Indiana's death at age 89, alleged that McKenzie and others sought to isolate the artist and profit from selling forged works. McKenzie's lawyer indicated he may appeal.

What Is the Venice Biennale? Everything You Need to Know

The Venice Biennale returns for its 61st edition, running from May 9 to November 22, 2026. The event, often called the Olympics of the art world, comprises a central exhibition curated by an artistic director, national pavilions from dozens of countries, and officially approved Collateral Events. This year's edition was to be curated by Koyo Kouoh, a celebrated Cameroonian-born curator, but she died at 57 in May 2025 before announcing the title and theme, “In Minor Keys.” The Biennale organization has moved forward with a team of five curatorial advisers executing her vision. The event is overseen by president Pietrangelo Buttafuoco and is expected to draw over 800,000 visitors.