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sothebys debt delays

Sotheby’s is navigating a complex financial landscape marked by a major debt refinancing effort and the introduction of a controversial delayed-payment program. The auction house is seeking to raise $825 million through five-year bonds to address existing debt due in 2027, while simultaneously facing a $10.2 million lawsuit over real estate commissions. To manage liquidity, the firm has codified a scheme offering sellers a 7 percent interest rate if they agree to wait six months for their payout, a significant departure from the industry standard of 35 to 45 days.

Jennifer Gilbert Consigns Blue-Chip Works to Sotheby’s to Fund Detroit Arts Space

Philanthropist Jennifer Gilbert is consigning a selection of blue-chip postwar artworks to Sotheby’s this spring to fund Lumana, a new arts nonprofit in Detroit. The auction highlights include Joan Mitchell’s 'Loom II', estimated at $5 million to $7 million, and a significant target-style painting by Kenneth Noland that could set a new auction record for the artist. The collection also features works by George Rickey and Harry Bertoia, emphasizing a cohesive blend of midcentury abstraction and design.

Restored Victorian greenhouse links Brooklyn's Green-Wood Cemetery to its living neighbours

Brooklyn’s historic Green-Wood Cemetery has unveiled the 'Green-House,' a $34m welcome and education center centered around a meticulously restored 1895 Victorian cast-iron greenhouse. Designed by Architecture Research Office (ARO), the facility includes classrooms, research archives, and dedicated gallery spaces. The project transforms a formerly dilapidated commercial florist shop into a modern gateway that connects the 478-acre National Historic Landmark to its surrounding urban neighborhood.

Museum openings: V&A East and Los Angeles County Museum of Art. Plus, William Blake in Dublin—podcast

Two major museum projects have reached completion as London’s V&A East prepares for its public debut and the Los Angeles County Museum of Art (LACMA) unveils its new $700m David Geffen Galleries. V&A East opens with a focus on community-driven programming and its inaugural exhibition, 'The Music is Black: A British Story,' while LACMA’s long-awaited Peter Zumthor-designed building begins member previews amidst ongoing debates regarding its scale and cost.

Zurich’s controversial Bührle Collection is rehung, including five paintings by Van Gogh—plus one forgery

The Kunsthaus Zurich has unveiled a comprehensive new display of the Emil Bührle Collection, featuring 205 works including five significant paintings by Vincent van Gogh and one acknowledged forgery. This reinstallation marks a shift from previous thematic displays focused on provenance research to a denser presentation of the collection's breadth. Notable works on view include a 1887 self-portrait and the masterpiece 'The Sower at Sunset,' though one Van Gogh remains in conservation and another has been withdrawn due to Nazi-era ownership complications.

How Wayne McGregor’s epic ballets draw on help from his artistic friends

Choreographer Wayne McGregor’s upcoming production at the Royal Opera House, 'Alchemies', highlights his career-long commitment to cross-disciplinary collaboration with visual artists and designers. The program features a world premiere with costumes by fashion designer Saul Nash, alongside revivals of 'Yugen' and 'Untitled, 2023'. These works incorporate significant contributions from the art world, including set designs by ceramicist Edmund de Waal and previous collaborations with figures like Tacita Dean and Olafur Eliasson.

The Big Review: Rothko in Florence ★★★★★

The Palazzo Strozzi in Florence has launched a major exhibition exploring the profound influence of the Italian Renaissance on Mark Rothko. Co-curated by the artist's son, Christopher Rothko, the show spans three historic locations: the Palazzo Strozzi, the Museo di San Marco, and the Biblioteca Medicea Laurenziana. By placing Rothko’s abstract canvases in direct dialogue with Fra Angelico’s frescoes and Michelangelo’s architecture, the exhibition highlights how the artist’s visits to Italy in the 1950s and 60s shaped his spatial thinking and spiritual intensity.

Toronto Biennial takes waterways as inspiration for its fourth edition

The Toronto Biennial of Art has announced the details for its fourth edition, titled "Things Fall Apart," scheduled to run from September 26 to December 20. Curated by Allison Glenn, the exhibition will feature 30 artists and collectives, including Kent Monkman, Rebecca Belmore, and Dawoud Bey, with a heavy emphasis on new commissions. For the first time, the biennial is expanding its footprint beyond the Greater Toronto Area to include partnerships with institutions across Canada and international sites like Times Square in New York and the Anchorage Museum in Alaska.

Lorna Simpson’s David Adjaye–Designed Brooklyn Home and Studio Remains On the Market—At a Much-Reduced Price

Artist Lorna Simpson has significantly reduced the asking price for her Brooklyn home and studio, located at 208 Vanderbilt Avenue in Fort Greene. Originally listed for $6.5 million in August 2025, the 3,300-square-foot townhouse is now priced at $5 million following months on the market. The property, which features a double-height great room and floor-to-ceiling windows, was custom-built in 2006 for Simpson and her then-husband, artist James Casebere.

LACMA’s New Building Invites You to Chart Your Own Path

The Los Angeles County Museum of Art (LACMA) is set to open its long-awaited and highly debated new building, the David Geffen Galleries. Designed by Swiss architect Peter Zumthor, the $720 million concrete structure spans Wilshire Boulevard and replaces several older buildings with a single, elevated exhibition level. The opening marks the culmination of a decade-long project spearheaded by Director Michael Govan, featuring a non-linear layout that integrates the museum's encyclopedic collection into thematic displays rather than traditional chronological or regional divisions.

miamis design district will host art basels top galleries december

Following the cancellation of Art Basel Miami Beach 2020 due to the pandemic, the Miami Design District has announced plans to host a physical art and design event. Approximately 25 to 30 top-tier galleries will occupy storefronts for a ten-day period starting November 27, while the historic Moore Building will house 'Design Miami/ Podium,' a curated selling exhibition titled 'America(s)' led by Aric Chen.

judy chicago herstory new museum

Judy Chicago’s first major New York museum survey, "Herstory," has opened at the New Museum, marking a triumphant return for the 84-year-old feminist icon. The exhibition features a comprehensive look at her 60-year career, including her large-scale tapestries and "Rejection" drawings, alongside a curated "show-within-a-show" titled "City of Ladies." This section integrates Chicago’s work with pieces by over 90 historic women and non-binary artists, ranging from Hilma af Klint to Hildegard of Bingen, creating a visual dialogue across centuries of female creativity.

raul de nieves pioneer works

Raúl de Nieves has transformed the industrial architecture of Pioneer Works in Red Hook into a luminous sanctuary through his solo exhibition, "In Light of Innocence." The installation features 50 handcrafted faux stained-glass panels made from acetate and aluminum tape, replacing traditional religious iconography with symbols from tarot, Mexican folklore, and personal text. The centerpiece is a large light box featuring a skeleton that symbolizes transformation and renewal rather than death.

Our Critics Disagree on MoMA PS1’s Greater New York, a Wide-Ranging Survey Defined by a Fascination with Fragility

MoMA PS1 has launched the sixth edition of Greater New York, its signature quinquennial survey featuring 53 artists living and working across the city's five boroughs. Marking the institution’s 50th anniversary, this iteration was organized entirely by the museum’s internal curatorial staff rather than outside contributors. The exhibition moves away from the introspective, surrealist themes of the pandemic-era 2021 edition, focusing instead on the social fabric of the city and the systemic challenges facing its residents.

V&A exhibition honours designer Elsa Schiaparelli's unique synthesis of fine art and fashion

The Victoria and Albert Museum (V&A) has launched a major exhibition dedicated to the Italian designer Elsa Schiaparelli, focusing on her revolutionary integration of Surrealist art and haute couture. The show highlights her early career in Paris, specifically her 1927 breakthrough with a trompe-l’oeil knitted sweater, and explores her collaborations with avant-garde artists like Salvador Dalí. By examining her unique ability to translate Dadaist and Surrealist concepts into wearable garments, the exhibition positions her as a pivotal figure who challenged the traditional boundaries of fashion and art.

What We Miss When We Talk About Giacometti

This article explores a critical reevaluation of Alberto Giacometti’s career, specifically focusing on the decade between 1935 and 1945. While Giacometti is globally recognized for his spindly, post-war 'Existentialist' figures, art historian Joanna Fiduccia’s new book, *Figures of Crisis*, argues that his mid-career departure from Surrealism to study human likeness was not a mere transition but a profound response to the political crises and nationalism of interwar France.

Unseen George Condo Works Arrive at Auction From Anna Condo’s Collection

Anna Condo, the former wife of American painter George Condo, is bringing 27 previously unseen works from her private collection to auction at Christie’s. The collection, which includes paintings, drawings, and sculptures acquired during their 28-year marriage, will be featured in the Post-War and Contemporary Art day sale on May 21. These works have never been exhibited or sold publicly, offering a rare glimpse into the artist's private creative output between 1988 and 2017.

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

Met Museum to Stage Giacometti Show in Temple of Dendur This Summer

The Metropolitan Museum of Art has announced a rare exhibition of Alberto Giacometti’s sculptures to be staged within the iconic Temple of Dendur this summer. Titled “Giacometti in the Temple of Dendur,” the show will feature 17 works, including "Walking Woman (I)" and "Women of Venice," marking a significant departure for the ancient Egyptian site which seldom hosts temporary exhibitions.

‘A fresh look at contemporary culture’: Gus Casely-Hayford, director of V&A East, takes us inside the new London museum

The Victoria and Albert Museum is expanding its footprint with the opening of V&A East Museum in London’s Queen Elizabeth Olympic Park on April 18. Led by Director Gus Casely-Hayford, the new five-story institution joins the recently opened V&A East Storehouse as part of the East Bank cultural quarter. The museum will debut with the "Why We Make" galleries, featuring over 500 objects and new commissions by artists such as Tania Bruguera, Carrie Mae Weems, and Thomas J. Price, whose 18-foot bronze sculpture anchors the museum's entrance.

2026 Guggenheim Fellowships Go to Sonya Clark, John Miller, and American Artist

The John Simon Guggenheim Memorial Foundation has announced its 101st class of fellows, awarding 223 scholars and artists across 55 disciplines for 2026. Selected from a pool of nearly 5,000 applicants, the new cohort includes prominent visual artists such as Sonya Clark, John Miller, American Artist, and Kota Ezawa. The fellowships provide significant financial grants to individuals who have demonstrated exceptional capacity for productive scholarship or exceptional creative ability in the arts.

joshua johnson

Joshua Johnson, born into slavery in Maryland around 1763, emerged in the late 18th century as the first documented Black professional artist in the United States. After gaining his freedom in 1782, Johnson established himself in Baltimore as a self-taught portraitist, advertising his services in local newspapers and catering to the city's prominent families. His body of work, consisting of approximately 83 attributed paintings, is characterized by a distinct flatness and three-quarter profile compositions typical of early American folk art.

Andrew Lloyd Webber Is Writing a Musical About the Heist that Made ‘Mona Lisa’ Famous

Renowned composer Andrew Lloyd Webber has announced he is developing a new musical centered on the 1911 theft of Leonardo da Vinci’s Mona Lisa. The production will dramatize the true story of Vincenzo Peruggia, a Louvre employee who stole the masterpiece and hid it for two years before it was recovered in Italy. Lloyd Webber revealed the project following the Broadway opening of Cats: The Jellicle Ball, noting that he is beginning the writing process immediately.

trump executive orders arts

President Donald Trump’s return to office has triggered a sweeping overhaul of the American cultural landscape through executive orders and the newly formed Department of Government Efficiency (DOGE). Key actions include the dissolution of diversity, equity, and inclusion (DEI) offices at the Smithsonian, the cancellation of thousands of National Endowment for the Humanities (NEH) grants, and the removal of high-profile Biden appointees from the U.S. Holocaust Memorial Museum board. These measures are accompanied by new tariffs and immigration policies that threaten the international art trade and cross-border collaborations.

Stealing the show: Mona Lisa heist inspires Andrew Lloyd Webber musical

Renowned composer Andrew Lloyd Webber has announced he is developing a new musical based on the 1911 theft of Leonardo da Vinci’s Mona Lisa. The production will dramatize the true story of Vincenzo Peruggia, a Louvre employee who stole the masterpiece and kept it hidden for over two years before attempting to sell it to an antiques dealer in Florence. Lloyd Webber, the creative force behind global hits like Cats and Phantom of the Opera, is currently in the writing phase of the project.

Marcel Duchamp at MoMA, Dorothea Tanning book, Leonora Carrington at the Freud Museum, London—podcast

The Museum of Modern Art in New York is launching the first major U.S. survey of Marcel Duchamp’s entire career in over fifty years, a landmark exhibition that will later travel to Philadelphia. Accompanying this resurgence of interest in avant-garde pioneers are two significant projects focused on women of the Surrealist movement: the publication of Alyce Mahon’s comprehensive new book on Dorothea Tanning and a specialized exhibition at London’s Freud Museum featuring Leonora Carrington’s 1940 painting 'Down Below'.

An Intimate Portrait of Basquiat’s Early Life Returns to Brooklyn

The exhibition “Our Friend, Jean” returns to Brooklyn this May at The Bishop Gallery, coinciding with Frieze Week. The show features twenty artworks alongside personal ephemera and photographs from Jean-Michel Basquiat’s formative years between 1979 and 1980, primarily sourced from the collection of his former roommate Alexis Adler. This iteration includes previously unseen items from Adler’s trove, such as hand-painted garments and postcards, and will be activated by panels featuring Basquiat’s early collaborators.

Spanish culture ministry denies loan of Picasso's Guernica to Bilbao

Spain’s Ministry of Culture has officially rejected a request from the Basque government to loan Pablo Picasso’s 'Guernica' to the Guggenheim Bilbao for an exhibition in 2026. The proposed loan was intended to commemorate the 90th anniversary of both the first Basque government and the 1937 bombing of Gernika. However, Culture Minister Ernest Urtasun cited a conservation report from the Reina Sofía museum warning that the fragile state of the canvas, which suffers from micro-cracks and paint loss, makes any transport a significant risk to its preservation.

Melissa Chiu leaving Hirshhorn to take over New York’s Guggenheim Museum

Melissa Chiu has been appointed as the new director of the Solomon R. Guggenheim Museum in New York, transitioning directly from her decade-long tenure at the Hirshhorn Museum and Sculpture Garden. During her time at the Hirshhorn, Chiu was credited with doubling attendance, significantly increasing fundraising, and overseeing a major $68m garden renovation by Hiroshi Sugimoto. She will begin her new role on September 1, while Aaron Seeto steps in as interim director at the Hirshhorn.

oluremi c onabanjo photography curator met museum

The Metropolitan Museum of Art has appointed Oluremi C. Onabanjo as a curator in its Department of Photographs, a role she will assume this summer. Onabanjo, who joins from the Museum of Modern Art (MoMA), will primarily oversee the Walther Collection—a massive gift of over 6,500 photographs spanning diverse global regions—and will lead a major exhibition of the collection in 2028.