Overdue payments to artists, landlords and workers at a popular gallery reflect pressures squeezing the dealer sector

The Hole, a prominent gallery with locations in New York and Los Angeles, is facing significant financial distress characterized by shuttered spaces and mounting legal disputes. Following a period of rapid expansion fueled by the 2021–2023 art market boom, the gallery has permanently closed its West Hollywood location and is currently facing multiple lawsuits from Manhattan landlords alleging over $180,000 in unpaid rent and taxes. Founder Kathy Grayson attributes the crisis to a sharp decline in sales starting in late 2023, which has left the gallery struggling to pay artists, staff, and creditors.

Timeless Meets Timely at TEFAF New York 2026

TEFAF New York returns to the Park Avenue Armory from May 15–19, 2026, with an invitation-only preview on May 14. The fair features 88 international exhibitors from 14 countries across four continents, showcasing a wide range of collecting categories including art, antiquities, design, and jewelry. Highlights include a new abstract canvas by Minjung Kim, a glass mosaic by Shahzia Sikander, ancient Egyptian and Roman works, and pieces by modern masters such as Jean Dubuffet, Martin Kippenberger, Pierre Soulages, Barbara Hepworth, John Chamberlain, and Cecily Brown.

Artist Mel Kendrick Is Mining New Possibilities From Wood and Color

American artist Mel Kendrick, who began his career in the early 1970s integrating Minimalism and architecture, presents his ninth solo exhibition at David Nolan Gallery in New York. Titled “Mel Kendrick: Tilt,” the show runs through June 6, 2026, and features new and recent wood sculptures alongside older works, including pieces like *Walnut Shelf* (2026), *Gemstone* (2026), and *Yellow Drum* (2025). Kendrick works without pre-planning, allowing the material to guide his process, and treats color as a material with its own weight, inspired by Gothic and medieval architecture.

Isabel Nolan’s Work Challenges Everything We Think We Know About Creativity

Artist Isabel Nolan recently discovered she has aphantasia, a rare neurological condition that prevents her from visualizing mental images. Despite this, Nolan has built a successful career creating abstract sculptures, drawings, and tapestries, and her work is featured in the Irish Pavilion at the Venice Biennale. Her exhibition, "Dreamshook," explores themes of imagination versus reality and draws inspiration from late medieval history and the printer Aldo Manuzio.

José Dávila Makes Space the Subject in His New York Show

José Dávila's solo exhibition "The Simple Act of Positioning" opens at Sean Kelly gallery in New York, featuring sculptures that explore the relational placement of objects in space. The show includes totemic pillars of steel, concrete, volcanic rock, and automotive paint, framed by large black structures, inviting viewers to move through the gallery to fully experience the visual conversations between works. Dávila, originally from Guadalajara and trained in architecture, draws on Modernist precedents from artists like Marcel Duchamp and architects like Luis Barragán.

Leonora Carrington’s Enigmatic Sculptures Get a Rare Outing in New York

L’Space Gallery in New York is presenting “Shape of Dreams: Sculptures by Leonora Carrington,” a rare exhibition focused on the British Mexican Surrealist’s bronze sculptures and jewelry, on view through June 27, 2026. Produced with Consigna Gallery of Mexico City and the Leonora Carrington Council, the show includes works such as *The Palmist* and *La Inventora del Atole*, alongside a selection by her son Pablo Weisz Carrington. An interactive Tarot Reading Booth, featuring a deck designed by Carrington and an A.I. reconstruction of her voice, anchors the exhibition.

The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

$25 Million Modigliani Goes to Jewish Heir in Landmark Restitution Case

A New York Supreme Court judge has ruled that the estate of Jewish art dealer Oscar Stettiner is the rightful owner of Amedeo Modigliani’s 1918 painting "Seated Man With a Cane." The decision concludes an 11-year legal battle led by Stettiner’s grandson, Philippe Maestracci, against billionaire art dealer David Nahmad. The court found that the painting was unlawfully seized by the Nazis after Stettiner fled Paris in 1939 and that subsequent sales, including the 1996 purchase by Nahmad at Christie’s, did not extinguish the original owner's rights.

Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.

Two Monet Paintings, Unseen for a Century, Resurface at Auction

Two significant paintings by Claude Monet, unseen by the public for over a century, are being offered at auction by Sotheby's Paris. The works, *Les Îles de Port-Villez* (1883) and *Vétheuil, Effet du Matin* (1901), have been held in private collections for 115 and over 100 years respectively, with the former last exhibited in the early 20th century at Paul Durand-Ruel's New York gallery. Their combined estimates make them the most valuable Monet paintings to appear at auction in France since 2001.

The Big Ideas Driving Art Paris This Year

Art Paris 2026 will take place from April 9–12 at the Grand Palais, featuring two major curated themes: "Babel – Art and Language in France," guest-curated by Loïc Le Gall, and "Reparation," curated by Alexia Fabre. The fair will include roughly 165 galleries, with sectors like Promises for emerging artists, Solo Show for monographic presentations, and French Design Art Edition.

A New Brooklyn Art Fair With a Global Outlook Debuts This Spring

A New Brooklyn Art Fair With a Global Outlook Debuts This Spring

A new art fair called Conductor: Art Fair of the Global Majority will hold its inaugural edition in Brooklyn from April 30 to May 3, 2026. Organized by Powerhouse Arts, it will feature 27 galleries and 17 special projects, bringing together artists and galleries from Africa, Latin America, Asia, the Caribbean, the Middle East, Oceania, and Indigenous nations.

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Van Doren Waxter in New York is hosting "Portraits," a solo exhibition dedicated to the late American abstract painter Jackie Saccoccio. The show features five paintings and seven works on paper that showcase Saccoccio’s mature style, characterized by a physically demanding process of dragging, pressing, and dripping paint. These works bridge the gap between gestural abstraction and the psychological depth of traditional portraiture, drawing inspiration from both Abstract Expressionism and Roman Baroque aesthetics.

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The U.K. government has placed a temporary export bar on Howard Hodgkin’s painting "Mrs Acton in Delhi" (1967–71) following its record-breaking £1.7 million sale at Bonhams. The move by the Department for Culture, Media, and Sport is intended to provide British institutions or domestic collectors the opportunity to match the price and keep the work within the country. The painting is considered a national treasure due to its aesthetic importance and its role in documenting Hodgkin's transition from Pop art to his signature emotive abstraction.

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Kenny Schachter explores the existential threat posed by the rapid advancement of Artificial Intelligence and its projected impact on the global economy by 2028. Citing the Citrini Report, he highlights a future of mass unemployment among white-collar professionals—the primary demographic for art consumption—who account for over 50% of discretionary spending in the U.S. As tech leaders like Jack Dorsey begin significant workforce reductions attributed to AI, the financial foundation of the art market appears increasingly precarious.

ACA Galleries Presents 100 Years of Black Art

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ACA Galleries in New York is hosting "Continuum: Over 100 Years of Black Art," an expansive group exhibition running through March 7, 2026. The show features a diverse array of media—including painting, sculpture, textiles, and collage—by more than a dozen pioneering Black artists. Spanning from the 19th century to the present day, the exhibition highlights key figures such as still-life painter Charles Ethan Porter, collagist Romare Bearden, and contemporary textile artist Helen McBride Richter.

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María Berrío’s mixed-media masterpiece "La Cena" (2012) is returning to the auction block at Christie’s post-war and contemporary day sale on May 17. The work, which draws inspiration from Da Vinci’s "The Last Supper" and features Berrío’s signature intricate collage style, is being sold by New York collector Dow Kim. Kim acquired the piece just two years ago for $1.56 million, significantly exceeding its initial estimate.

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Chinese authorities have concluded a major investigation into the Nanjing Museum, revealing decades of alleged mismanagement and corruption that led to nationally significant artworks being funneled into the private market.

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The Mayor Gallery in London is celebrating its centenary with a three-part exhibition series revisiting its history. The second part, 'Celebrating 100 years – Part 2: European Art,' is on view through February 20, 2026, showcasing post-war European artists from movements like ZERO, Arte Povera, and Concrete art, including works by Armando, Lucio Fontana, François Morellet, and Man Ray.

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A surge of gallery exhibitions in New York this January focuses on deceased artists and estates, including shows for Marcia Marcus at Olney Gleason, Hung Liu at Ryan Lee, and Lynn Geesaman at Yancey Richardson. This trend reflects a broader shift toward historical reappraisals, with young dealers increasingly taking on artist estates and museums doubling their share of solo shows for dead artists from 18% in 2019 to nearly 50% in 2025.

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Warren Isensee's new paintings at Miles McEnery Gallery in Chelsea, New York, explore optical structure with loosened rules, where warm and cool tones trade dominance across repeating frameworks. On view through February 14, 2026, the exhibition is the artist's third solo outing with the gallery and includes a fully illustrated publication with an essay by Stephen Westfall. The works interrupt their own logic, introducing irregular breaks that reroute the eye, creating a test of looking rather than a display of visual effects.

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Nahmad Contemporary is presenting a new exhibition at Tarmak22 in Gstaad, Switzerland, focusing on Pablo Picasso's 1963–65 series 'Le Peintre et Son Modèle' ('The Painter and His Model'). The show features 14 paintings that explore the artist's gaze, power dynamics, and the relationship between painter and sitter. Uniquely, British supermodel Naomi Campbell contributes her personal reflections on the works, drawing from her own experience of being photographed and observed throughout her career.

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French artist Claire Tabouret is presenting her full-scale maquettes for Notre-Dame Cathedral's new stained glass windows at the Grand Palais in Paris, in an exhibition titled "In a Single Breath." The six windows, each over 20 feet tall, were selected by a committee from over 100 submissions last December, replacing 19th-century designs by Eugène Viollet-le-Duc. The project has sparked controversy: conservation group Sites and Monuments launched a petition with over 328,000 signatures and a legal case arguing the replacement violates the 1964 Venice Charter and French historic monuments law. A Paris administrative court ruled in favor of the state in late November, but the group plans to appeal. Tabouret's designs are now being fabricated by the historic Atelier Simon-Marq glass workshop.

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A new exhibition titled “Drop, Cloth,” co-curated by Glenn Adamson and Severin Delfs, explores how contemporary artists have reimagined drapery over the past 50 years. The show features 30 works by 25 artists, spanning two Chelsea galleries—Hollis Taggart (through January 10, 2026) and Susan Inglett Gallery (through January 30, 2026). Works range from Sam Gilliam’s seminal *Little Dude* (circa 1972) to recent pieces by Kennedy Yanko, Jenny Morgan, and Chellis Baird, alongside historical pieces by Nina Yankowitz, Lynda Benglis, and Rosemary Mayer. The exhibition traces a lineage of drapery as both subject and material, including shaped canvas, paint skin, ceramic, metal, embroidery, and weaving.

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The Guggenheim Bilbao has canceled its planned expansion in the Urdaibai Biosphere Reserve, a UNESCO-designated site in Spain's Basque country, citing territorial, urban planning, and environmental constraints. The project, first announced in 2022, faced fierce opposition from activists, environmental groups like Greenpeace, and over 1,000 Basque creatives who signed a petition. The expansion would have included a facility in Guernica and a net-zero exhibition space in Murueta, but legal disputes and public pressure led the museum's Board of Trustees to terminate the plan. Local group Guggenheim Urdaibai Stop celebrated the decision as a victory and plans a festival in February 2026 to mark the project's demise.

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Caribbean British artist Winston Branch is the subject of his inaugural solo exhibition with Goodman Gallery in London, titled “Out of the Calabash.” The show features new and recent works alongside a historical piece, *Blue for Miles* (1982), and follows the announcement of his global representation by Goodman Gallery in partnership with Varvara Roza Galleries. Branch, who first exhibited at the alternative art space Arts Lab led by Jim Hanes nearly six decades ago, creates abstract paintings that explore light and color, often working on canvas placed on the floor.

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A growing number of prominent art dealers across New York, London, Los Angeles, Brussels, and Reykjavik began their careers as artists, not salespeople. Figures like Jack Hanley, Sebastian Gladstone, Börkur Arnarson of i8 Gallery, and the team behind Galerie Sardine (Joe Bradley and Valentina Akerman) all transitioned from studio practice to gallery ownership. The article explores how their firsthand experience as artists shapes their approach to representing others, from patience with the creative process to building artist-centered business models.

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Design Miami 2025 preview drew a bustling crowd with over 70 exhibitors under the theme "Make Believe." Highlights included Katie Stout's whimsical carousel featuring marine animals, Roham Shamekh's biomorphic "Roots" sofa with integrated headphones, and ATRA's futuristic "Intelligence of Evolution" seating system upholstered in Hermès fabric. The Spanish silver brand Garrido showcased collaborations with Peter Marino, while the fair's 20th anniversary edition embraced a carnivalesque atmosphere with popcorn and mirrored walls.

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Several galleries withdrew from Art Basel Miami Beach 2024 amid rising costs and a contracting art market, leaving some like San Francisco's Altman Siegel facing cancellation fees despite closing. Claudia Altman-Siegel, who shut her gallery, owed $22,000 after missing the free-cancellation deadline. Other dealers, including Miguel Abreu, Tilton Gallery, and Sperone Westwater, navigated the fair's strict payment terms for different reasons—some pulling out early to avoid penalties, others proceeding despite business challenges. The fair proceeded with 283 exhibitors and reported strong sales, including an $18.5 million Joan Mitchell painting, signaling a potential market upturn.

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New York-based artist Dana James presents her third solo show with Hollis Taggart, titled “Ink Moon,” at the gallery’s Lower East Side location. The exhibition marks a significant shift in her practice, moving from her signature soft pastels and feminine sensibility toward bolder, more gestural works featuring near-black hues, intense primary colors, and expressive mark-making. James created the new body of work while navigating an advancing pregnancy, which she says pushed her work in a more intense direction rather than the expected softer style.