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art basel ubs report women and gen z

The Art Basel & UBS Survey of Global Collecting 2025, authored by Clare McAndrew, surveyed 3,100 high-net-worth collectors across ten markets. It reveals that nearly three-quarters of respondents are Gen Z or Millennials, with Gen Z collectors allocating an average of 26% of their wealth to art—the highest of any age group. Female collectors outspent men by 46% in 2024 and the first half of 2025, and 51% of collectors purchased digital artworks. Direct purchases from artists surged to 63%, up from 27% two years earlier, with 35% buying via Instagram links.

british architecture sexism toxic culture

A report commissioned by the Royal Institute of British Architects (RIBA), titled the RIBA Build It Together report, reveals widespread sexism and toxic workplace culture in British architecture. Based on a survey of 635 industry workers conducted by the Fawcett Society, the report found that half of female respondents experienced bullying, one-third reported sexual harassment, and 83 percent said their career was hindered by having children. Many women described feeling humiliated, objectified, and traumatized, with 38 percent not reporting harassment for fear of consequences.

christies jonathan burden decorative arts auction results

Christie's online sale of decorative arts from the collection of Jonathan Burden, titled 'Crafted and Collected: The Jonathan Burden Sale,' achieved over $1.07 million with fees, more than doubling the low estimate of $487,500. The sale featured 151 lots, with only five unsold, a 97% sell-through rate. The top lot was a 10-foot-long French Incarnat Turquin marble dining table that sold for $101,600, far exceeding its $30,000 high estimate. The auction employed an innovative 'in-situ' viewing at Burden's studio in Long Island City, where potential bidders could meet the dealer, hear stories, and see pieces demonstrated. Many items sold for multiples of their estimates, including a Victorian metamorphic chair that brought $27,940 against a $3,000 high estimate.

frieze acquisition finalized mari ari emanuel

Ariel Emanuel, through his newly formed company Mari, has finalized the acquisition of Frieze, which includes its magazine, seven art fairs worldwide, and two exhibition spaces. The deal also encompasses tennis events like the Miami Open and Madrid Open, along with a majority stake in the collector car auction house Barrett-Jackson. The acquisition was first announced in May and reportedly valued at $200 million, with financial backing from investors including Apollo, RedBird Capital Partners, and the Qatar Investment Authority. Mari will be led by Emanuel and Mark Shapiro, with Simon Fox remaining as CEO of Frieze.

lawsuit dismissed yuga labs bored ape yacht club nfts howey

A federal judge dismissed a class action lawsuit against Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, ruling that its digital assets—including Bored Ape NFTs and ApeCoin—do not qualify as securities under the Howey test. Plaintiffs Adonis Real and Adam Titcher had alleged that Yuga Labs colluded with celebrities like Justin Bieber, Madonna, and Steph Curry, as well as talent agent Guy Oseary and crypto platform MoonPay, to inflate prices and violate securities laws. Judge Fernando Olguin found that while the plaintiffs satisfied one prong of the Howey test—expectation of profits from others' efforts—they failed to meet the other requirements, leading to the dismissal.

milton esterow artnews editor dead

Milton Esterow, the award-winning journalist who owned and edited ARTnews for 42 years, died on Friday at age 97. His death was confirmed by his daughter Judith Esterow, a former associate publisher of the magazine. Esterow purchased ARTnews in 1972 from Newsweek and transformed it into a news-focused powerhouse, winning a National Magazine Award and two George Polk Awards. He introduced the influential ARTnews Top 200 Collectors list in 1990 and was known for his relentless investigative journalism, particularly on Holocaust art restitution. He continued writing into his 90s, using his 1950 Royal typewriter.

artnet ceo resigns handelblatt

Jacob Pabst, CEO of Artnet AG, resigned late Sunday night just before the company's annual general meeting in Berlin. His contract had expired at the end of August, and he cited a failure to reach an agreement on continuing. Andrew E. Wolff, who holds about 98.93% of Artnet shares and also owns rival platform Artsy, will serve as interim CEO. The meeting proceeded without Artnet management present, leading to criticism from investor-protection group DSW. Shareholders were given an overview of 2024 finances and approved the creation of authorized capital for a possible increase of up to 50% of share capital. Former major shareholder Rüdiger K. Weng announced he will pursue civil and criminal claims against members of the founding Neuendorf family and board members.

art basel paris avant premiere initiative

Art Basel Paris has announced a new ultra-VIP preview program called "Avant Première" for its upcoming edition at the Grand Palais. Scheduled for Tuesday, October 21, from 3 p.m. to 7 p.m., the initiative allows all 203 participating galleries to invite select clients for an exclusive early viewing, ahead of the fair's official VIP days on October 22–23. The fair declined to disclose how many invitations each gallery can extend. The program was first reported by the Baer Faxt, and Art Basel CEO Noah Horowitz described it as "for the market, by the market."

red hook warehouse fire artist studios

A fire broke out late Wednesday in a 19th-century warehouse at 481 Van Brunt Street in Red Hook, Brooklyn, destroying dozens of artist studios and damaging the building's roof and fourth floor. Over 250 FDNY members battled the blaze for more than seven hours, with two firefighters sustaining minor injuries. The warehouse housed a large artist cooperative, woodshops, furniture makers, and small businesses, and many artists lost work prepared for the upcoming Red Hook Open Studios event.

neuehouse files bankruptcy shutters locations

NeueHouse, a high-end coworking space known for hosting art events, filed for Chapter 7 bankruptcy to liquidate its assets and closed all its locations on September 5. The company cited legacy liabilities as the reason for its demise, though specific debts remain unclear. NeueHouse had locations in New York, Hollywood, and Venice Beach, and was a hub for the art, fashion, media, and entertainment industries, cohosting events with ARTnews sister publication Art in America and Artnet.

sothebys institute of art under federal hcm2 finances

Sotheby's Institute of Art (SIA), a for-profit graduate school in London and New York, has been under the U.S. Department of Education's 'Heightened Cash Monitoring 2' (HCM2) designation since December 2023, a status reserved for institutions with serious financial or compliance concerns. The designation bars the school from receiving federal financial aid in advance, requiring it to front its own funds and seek reimbursement. Public records and financial filings reveal that SIA has fallen below federal 'financial responsibility' baselines, and its UK auditors noted 'material uncertainty' about the school's ability to continue as a going concern, though management asserts it has adequate resources.

wetransfer changes terms licensing rights ai

WeTransfer, the cloud-based file transfer company widely used by art institutions, updated its terms of service on July 14 to include a clause granting the company a perpetual, royalty-free license to use uploaded content for training machine learning models and creating derivative works, which it could monetize without compensating users. After widespread criticism from the art community, including post-production professional Ashley Lynch, who noted conflicts with non-disclosure agreements, WeTransfer removed the controversial language and issued a statement assuring users that it does not use their content to train AI or machine learning models.

formula 1 memorabilia auction sothebys rm

RM Sotheby's is hosting an online auction titled "The Champions – Schumacher and F1 Legends" from July 24 to 30, featuring 280 lots of Formula 1 memorabilia. Highlights include a Cartier Automatic watch gifted by Enzo Ferrari to Fiat executive Gianni Agnelli in 1988, estimated at €10,000–€20,000, and over 150 lots related to Michael Schumacher, such as racing suits, helmets, and boots from his career. Other notable items include watches presented to Jean Todt and Michael Schumacher, as well as memorabilia from drivers like Lewis Hamilton, Ayrton Senna, and Fernando Alonso. A selection of 35 lots will be displayed at the Concours of Elegance in Tegernsee, Germany.

germany colonial restitution conduct

Germany's culture minister Monika Grütters has released a 130-page code of conduct for museums, titled "Guide to Dealing With Collection Goods From Colonial Contexts," which outlines methods for identifying and confronting colonial-era artifacts in German collections. The guidelines, published by the German Association of Museums, include best practices for provenance research, a list of former and current colonies, and alternatives to full restitution such as long-term loans and joint custody agreements. The release coincides with the Prussian Cultural Heritage Foundation's official ceremony returning nine artifacts to Indigenous Alaskan communities, and follows increased pressure from public outcry over the Humboldt Forum and similar restitution efforts by French president Emmanuel Macron.

yuge zhou midnight moment

Artnet is co-presenting Midnight Moment in partnership with Times Square Arts this June, featuring Yuge Zhou's video work *Trampoline Color Exercise*. The piece uses archival Olympic footage to show gymnasts tumbling on pink-gridded trampolines in a seamless collage, exploring themes of globalization, geopolitical tension, and humanity's pursuit of perfection. Zhou, a video artist with a background in computer science and a former child singer in China, discusses her creative journey and the inspiration behind the work in an accompanying interview.

how nebra sky disc made study

Researchers from Otto-von-Guericke University in Magdeburg, Germany, and the Saxony-Anhalt-State Museum of Prehistory, in collaboration with engineering firm DeltaSigma Analytics and coppersmith Herbert Bauer, have successfully replicated the manufacturing process of the Nebra Sky Disk, a 3,600-year-old bronze artifact depicting the cosmos. By analyzing a small sample of the disk using advanced techniques like energy dispersive X-ray spectroscopy and electron backscatter diffraction, the team determined the disk was cast and then forged at least 10 times through repeated heating and hammering. Bauer replicated this by annealing a similar metal mixture 55 times, revealing that the disk's microstructure matches a stage after 10 forging cycles, not the final 55, indicating the original preform was thinner and wider than assumed.

beowolff capital artnet takeover

Investment group Beowolff Capital has announced a voluntary takeover offer for Artnet, valuing the company at approximately €65 million ($73.7 million). Beowolff Capital, a U.K.-registered firm led by CEO Andrew Wolff, has already secured 65% of Artnet's shares and plans to delist the company from the Frankfurt Stock Exchange. The deal includes the purchase of a 29.99% stake from Weng Fine Art AG, ending a long-running control struggle. Artnet's management supports the offer, which is expected to close on May 30, 2025.

venice biennale koyo kouoh 2026 in minor keys

The Venice Biennale will proceed with its 2026 edition despite the unexpected death of its curator, Koyo Kouoh, earlier this month. The Biennale announced on Tuesday that it will realize Kouoh's exhibition, titled "In Minor Keys," which she had already begun planning before her passing. Kouoh had selected artists, developed commissions, and established the central concept. The show will be carried forward by a team of five advisers she personally chose: curators Gabe Beckhurst Feijoo, Marie Helene Pereira, and Rasha Salti; critic Siddartha Mitter as editor; and Rory Tsapayi as assistant. The exhibition remains scheduled to open on May 9, 2026, with the full support of Kouoh's family.

mrbeast mexico ancient mayan sites outrage

Mexico’s National Institute of Anthropology and History (INAH) has filed an administrative lawsuit against the production company of YouTuber MrBeast (James Donaldson) over a video titled “I Explored 2000 Year Old Ancient Temples,” uploaded on May 10, 2025. The video shows MrBeast and his companions exploring Mayan sites in Yucatán, including Chichén Itzá, Calakmul, and Balamcanché, and features a scene where he promotes his snack brand Feastables as “the only Mayan-approved snack on the planet.” INAH alleges that the permit granted to Full Circle Media did not authorize commercial advertising or false information, and it demands compensation and a public retraction. The controversy escalated after Mexico’s President Claudia Sheinbaum called for further investigation into whether the permit was violated.

parthenon dark lighting effects

Archaeologist Juan de Lara of Oxford University has published a paper challenging the long-held belief that the Parthenon in Athens was a brightly lit, open space. Using a 3D model that simulates natural and artificial light, Lara argues the temple was actually dark and dim, with sunlight barely reaching the statue of Athena's waist and a wooden ceiling blocking any translucency from marble roof tiles. He also suggests that hand-held torches, rather than numerous lamps, were used for artificial light, and that the reflective pool in front of Athena's statue did little to illuminate the space.

frieze sale ari emanuel

Endeavor Group Holdings has sold Frieze, the company behind the influential art magazine and several international art fairs, to a new company formed by former Endeavor CEO Ari Emanuel. The deal, valued at nearly $200 million, is expected to close by the third quarter of this year. Frieze's current leadership, including CEO Simon Fox, will remain in place. The sale follows Endeavor's full privatization by Silver Lake and marks the end of a long-rumored ownership transition. Notably, two tennis tournaments initially bundled in the negotiations—Miami Open and Madrid Open—are not included in this deal.

yuga labs seeks access to crypto wallets bored apes lawsuit

Yuga Labs, the parent company of Bored Ape Yacht Club, has filed a motion in US District Court demanding that Jeremy Cahen, co-creator of the RR/BAYC NFT series, turn over control of four cryptocurrency wallets allegedly holding $400,000 in assets. This follows a February judgment ordering Cahen and Ryder Ripps to pay nearly $9 million for trademark infringement and cybersquatting. Yuga Labs claims Cahen transferred funds to private wallets after a court-authorized levy was served on his crypto exchange account, and seeks court-ordered access via the U.S. Marshals. Cahen's legal team plans to respond by May 5, calling the motion "courtroom theater" and arguing it contains factual misrepresentations.

house democrats urge jd vance to stop smithsonian

Four Democratic members of the U.S. House of Representatives—Joseph Morelle, Terri Sewell, Norma Torres, and Julie Johnson—sent a letter to Vice President J.D. Vance on Thursday urging him to reject an overhaul of the Smithsonian Institution. The letter responds to President Donald Trump's March 27 executive order, "Restoring Truth and Sanity to American History," which aims to eliminate "divisive" and "anti-American" content from Smithsonian exhibitions and restore removed monuments. The lawmakers argue that the order threatens the curatorial independence that has made the Smithsonian a globally respected cultural institution.

These Four Filmmakers Have Never Fully Gotten Their Due. The Kitchen Wants To Change That.

The Kitchen, a New York nonprofit arts organization, held its annual spring gala at City Winery to honor four female filmmakers: Cheryl Dunye, Garrett Bradley, Shari Frilot, and Catherine Gund. The event was co-chaired by prominent figures including Ava DuVernay, Julie Mehretu, and Komal Shah, and featured performances, remarks, and a crowd of artists, curators, and collectors. The gala celebrated the filmmakers' contributions to cinema, with special recognition of their work in expanding representation and narrative boundaries.

What Does the Future Hold for Female Collectors? We Got a Sneak Peek.

CULTURED Editor-in-Chief Sarah Harrelson hosted a panel discussion at Christie’s Rockefeller Center with collectors Tiffany Zabludowicz, Sophia Cohen, and Victoria Rogers, exploring the evolving role of women in the art market. The event coincided with Christie’s Marquee Week sales, which included a record-breaking $1.1 billion night, and featured works from the collections of legendary female patrons such as Agnes Gund, Marian Goodman, Lorinda de Roulet, and Marilyn Arison. Guests viewed masterpieces on display and received remarks from Christie’s Senior Vice President Isabella Lauria, who is leading the 21st Century Sale on May 20.

The LA Art World’s New Obsession Is a Theater Where Artists Run the Show

Calla Henkel and Max Pitegoff, former artistic directors of Berlin's Grüner Salon, launched New Theater Hollywood in 2024 as a nonprofit venue on Santa Monica Boulevard. The 49-seat theater specializes in genre-defying, multidisciplinary collaborations, staging works like Sophie Becker's ventriloquist act *Ronnie's Big Idea* and Diamond Stingily's *The Driver*. Every performance sells out, attracting a cult following of literary, art world, and pop culture figures who often linger to discuss shows.

parties filmmakers cooperative anniversary john waters

The Film-Makers’ Cooperative celebrated its 65th anniversary with a gala at Judson Memorial Church in New York City on a recent Friday. The event featured performances by Isaiah Barr, a recreation of Yvonne Rainer's Trio A by Brittany Bailey, and a closing set by musician Kinlaw. Notable attendees included photographer Nan Goldin, video artist Joan Jonas, and filmmaker John Waters, who was honored in absentia. The evening included speeches, a shoppable collection of film ephemera, and a crowd of artists, actors, and filmmakers.

art frida kahlo auction record sothebys

Frida Kahlo's painting *El sueño (La cama)* (1940) sold at Sotheby's for $54.7 million, setting a new auction record for Latin American art, for the artist herself, and for any work by a female artist. The sale surpasses Kahlo's previous record of $34.9 million set in 2021 for *Diego y yo* and eclipses the $9.76 million record for her husband Diego Rivera's *The Rivals* from 2018.

parties meurice paris collectors designers art basel

CULTURED magazine hosted an intimate dinner at Le Meurice's Salon Pompadour in Paris, cohosted by Editor-in-Chief Sarah Harrelson, arts leader Jen Roberts, and collector Jamie Goguen. The event brought together art and design-world figures including gallerists, designers, Sotheby's CEO Charles F. Stewart, and Independent Art Fair founder Elizabeth Dee, with a feast by Alain Ducasse and pastry chef Cedric Grolet. Guests received a copy of the inaugural CULTURED at Home issue and a bottle of Roos & Roos fragrance.

art chicago mca queer artists

The Museum of Contemporary Art Chicago has organized a summer exhibition titled 'To Share a Garden,' bringing together over 30 artists in a decade-spanning review of queer art and activism. The show draws its theme from Chicago's historic motto 'urbs in horto' (city in a garden) and features works from the 1980s to the present, including pieces by Brendan Fernandes, Nick Cave, Mary Patten, and Doug Ischar. The exhibition acts as a visual archive of queer artistic expression, spanning from the AIDS crisis protests to contemporary movements.