amid fraud case collector justin sun reportedly spent 75 m on trump backed crypto firm

Justin Sun, the crypto billionaire known for buying and eating Maurizio Cattelan's banana sculpture, is under scrutiny after reportedly spending $75 million on World Liberty Financial (WL), a cryptocurrency firm promoted by President Donald Trump. The investment, revealed by a New York Times investigation on April 28, comes while Sun faces a U.S. Securities and Exchange Commission fraud lawsuit and a separate legal battle with collector David Geffen over an Alberto Giacometti sculpture allegedly stolen from Sun's collection.

frieze sells to hollywood kingpin ari emanuel in 200 million deal

Frieze, the art fair and media company, has been sold to Ari Emanuel, the former CEO of Endeavor, in a deal valued at around $200 million. The acquisition, reported by the Financial Times, covers Frieze's seven global fairs, its magazine, and its London exhibition space, No. 9 Cork Street. Emanuel, who stepped down as Endeavor CEO in March following the $25 billion acquisition of the conglomerate by Silver Lake, will own Frieze through a new company backed by a consortium of investors. Simon Fox will remain CEO, and the deal is expected to close in the third quarter of 2025.

Art Busan Is Building a More Sustainable Art Market

Art Busan, celebrating its 15th anniversary, will be held from May 21 to 24, 2026, at BEXCO in Busan, South Korea, bringing together over 110 galleries from 18 countries. The fair introduces two new integrated segments: DEFINE, which expands the fair to include collectible design, furniture, and craft, and LIGHTHAUS, which transforms gallery booths into curated spatial experiences to encourage deeper engagement. These initiatives aim to move beyond purely transactional sales and speculative momentum.

art where artists hang out nyc

Cultured magazine surveyed 30 New York-based artists to find out where they hang out in 2026, as affordable and easy gathering places have become scarce. The responses range from iconic spots like the Rose Reading Room at the New York Public Library and the Metropolitan Museum of Art to more offbeat locales such as a karaoke bar on Bowery, a Cantonese noodle house in Chinatown, and a church hosting vogue sessions. Artists including Coco Klockner, Jamian Juliano-Villani, Tiffany Sia, Amanda Ba, Lucy Bull, and others share their personal favorites, highlighting a diverse mix of libraries, restaurants, bars, and community spaces.

art nicole saikalis bay london milan beirut patron

Nicole Saikalis Bay, an architect and patron, divides her time between Milan, London, Beirut, and Paris, where she has built a triple-pronged artist support network: the Saikalis Bay Foundation, a Milan exhibition space called Circolo, and the nonprofit WeAre Projects. Her collection began as a private impulse to live with art, focusing on modern Italian masters like Enrico Castellani and Fausto Melotti, and has expanded to contemporary artists such as William Kentridge, Nari Ward, and Tacita Dean. This month, Circolo presents work by ten rising artists of Lebanese heritage, reflecting her commitment to supporting artists from regions in need.

Pinta Panama Art Week 2026 Reaffirms the Country as a Hub for Regional Contemporary Art

PINTA PANAMA ART WEEK 2026 REAFFIRMS THE COUNTRY AS A HUB FOR REGIONAL CONTEMPORARY ART

The second edition of Pinta Panamá Art Week will be held from March 18-22, 2026, featuring works by Panamanian artists like Cisco Merel, Lulu Molinares, Arístides Ureña Ramos, and Isabel de Obaldía. Their projects, ranging from sculpture and textiles to immersive installations and studio visits, explore themes of memory, territory, and everyday life through the manipulation of materials and space.

What Every Collector Should Know About Buying Performance Art

Artsy Editorial explores the complexities of collecting performance art, explaining that ownership typically involves acquiring documentation, scores, or rights to reactivate a performance rather than the live event itself. The article outlines how artists, dealers, and collectors navigate transactions for this ephemeral medium, addressing the challenges of preservation, display, and market value.

korean dansaekhwa artist chung sang hwa dies

Chung Sang-hwa, a leading figure of the Korean Dansaekhwa (monochrome painting) movement, died on January 28 at the age of 93. His death was reported by the Korea Times following a prolonged illness.

Your guide to the best events of SF Art Week

SF Art Week returns with a packed schedule of events across San Francisco, including the Recology Artist in Residence exhibition featuring work made from materials sourced at the city's recycling center, a mural painting and unveiling by eL Seed in collaboration with incarcerated artists at San Quentin, and the launch of ICA SF's nomadic model with exhibitions by Tara Donovan and Lily Kwong at the Transamerica Pyramid Center. Other highlights include gallery openings at Paul Thiebaud Gallery, frame-making demonstrations at Aedicule, a new art fair at the Fairmont Hotel, and a curator-led tour at SHACK15, alongside workshops, a rave-themed reception at the Asian Art Museum, and a conversation between artist Lava Thomas and curator Key Jo Lee at MoAD.

In Basel, alternative art fairs spring up in new places

In Basel, alternative art fairs are proliferating as dealers seek new ways to engage collectors outside the main Art Basel fair. Maison Clearing, a pop-up group exhibition by the New York and Los Angeles-based Clearing gallery, occupies a four-story villa in central Basel, featuring works by 46 artists including Kayode Ojo, Jasmine Gregory, and Jean-Marie Appriou. The rental cost of $2,000 per day is roughly one-third the price of a medium-sized stand at Art Basel. Meanwhile, the Basel Social Club (BSC) returns for its fourth edition in a former bank building near the Kunstmuseum, hosting over 100 spaces filled with art, performances, and hospitality offerings, including artist-led services like a hairdresser and a blood bank.

Oklahoma slam dunk: Indigenous artist invites visitors to shoot hoops as part of his latest show

Edgar Heap of Birds, a Cheyenne and Arapaho artist, presents a retrospective at Oklahoma Contemporary titled "Hock E Aye Vi Edgar Heap of Birds: HONOR SONG" (through 20 October). The exhibition features over 100 works, including monoprints, abstract paintings, glassworks, and sculptures, alongside two new public art installations—most notably a pair of basketball courts in Campbell Art Park that are open for public play for at least a year. The courts draw inspiration from his Neuf series and Native Hosts series, incorporating hand-painted murals and a scoreboard recreating a 1982 Times Square project. The indoor portion includes works such as "Most Serene Republics" (2007) from the Venice Biennale and "Surviving Active Shooter Custer" (2018).

FAD News: Gozo Yoshimasu awarded inaugural Serpentine x FLAG Art Foundation Prize

Gozo Yoshimasu has been awarded the inaugural Serpentine x FLAG Art Foundation Prize, a new biennial award providing £200,000 per recipient over ten years, totaling £1 million in artist support. The jury included Michelle Kuo, Venus Lau, Hans Ulrich Obrist, Jonathan Rider, and Rirkrit Tiravanija. Yoshimasu, born in Tokyo in 1939, is known for his interdisciplinary practice spanning poetry, performance, photography, and experimental moving image. As part of the prize, he will stage a solo exhibition at Serpentine North in autumn 2027, traveling to The FLAG Art Foundation in New York in spring 2028—his first major solo institutional presentations in Europe and the United States.

lucy sparrow museum crystal bridges momentary

British artist Lucy Sparrow will present her first U.S. museum exhibition, “The Beginning of Convenience,” at the Momentary, the contemporary art hub of Crystal Bridges Museum in Bentonville, Arkansas, opening in summer 2026. The immersive installation recreates an American supermarket entirely in felt, featuring approximately 20,000 hand-sewn plush products evoking the 1980s and 1990s. Sparrow researched Walmart’s archives to curate semi-vintage items, nodding to the museum’s founding family. Unlike her previous felt installations, nothing will be for sale, and the free exhibition will include a recreation of her studio and a documentary. Sparrow will also debut a candy shop titled “Sugar Rush” at Art Miami with TW Fine Art in December 2025.

A Roma c’è la mostra di un’artista 40enne californiana che ci racconta il valore della lentezza

Erica Mahinay, a 40-year-old California-born artist based in Los Angeles, is the subject of a solo exhibition titled "Rhythms" at T293 gallery in Rome. The show presents 24 intimate-scale works that explore the artist's physical, process-driven approach to abstract painting, where she manipulates pigment through pouring, dripping, and erasing to create layered, luminous surfaces. Mahinay, who holds degrees from the Kansas City Art Institute and Cranbrook Academy of Art, has work in the Marciano Art Foundation and Pinault Collection, and was included in the Hammer Museum's 2023 biennial "Made in L.A.: Acts of Living."

In 2025, new ‘independent and nimble’ art fairs began redrawing the market map

In 2025, several established art fairs were cancelled or postponed, including the Art Dealers Association of America's Art Show in Manhattan, Taipei Dangdai, Photofairs Hong Kong, and the India Art Fair's Mumbai expo. Amid these retrenchments, a wave of smaller, alternative art fairs emerged in cities like New York, Paris, and the Berkshires, organized by gallerists and curators seeking new formulas focused on coalition, affordability, and intimacy. Examples include Esther in Manhattan (co-founded by Margot Samel and Olga Temnikova), the Arrival Art Fair in North Adams (co-founded by Yng-Ru Chen, Crystalle Lacouture, and Sarah Galender Meyer), 7 rue Froissart in Paris (organized by Sara Maria Salamone and Brigitte Mulholland), and Post-Fair in Santa Monica (founded by Chris Sharp).

How Expo Chicago’s One-of-a-Kind Curatorial Forum Came to Be

Expo Chicago has distinguished itself within the global art fair circuit through its unique Curatorial Forum, a partnership with Independent Curators International (ICI) that began in 2014. Originally conceived by Tony Karman and Renaud Proch, the program has evolved from a small gathering into a major national convening that provides curators with professional development, networking opportunities, and a platform for thought leadership. The initiative has been so successful that ICI established its only year-round satellite office in Chicago to support the local curatorial community.

Strong sales and cross-market demand define Art Basel Hong Kong opening

Art Basel Hong Kong opened with robust sales and high energy, signaling a strong recovery for the Asia-Pacific art market. Blue-chip galleries reported several seven-figure transactions early on, including a $4 million Picasso at Bastian and a $3.8 million Liu Ye painting at David Zwirner. The fair's debut of the digital-focused 'Zero 10' initiative and a significant presence of regional collectors underscored a diverse appetite for both postwar masters and contemporary digital works.

Twenty Billion Won for a Single Dot: Lee Ufan Masterpieces Head to Auction

South Korea’s leading auction houses, K Auction and Seoul Auction, are headlining their February sales with monumental works by Lee Ufan. Two rare, large-scale 'Dialogue' canvases featuring the artist's signature minimalist dots are expected to fetch significant sums, with estimates reaching up to 2.4 billion won. The auctions also feature major works by other Korean masters, including an early 1955 painting by Kim Tschang-yeul and a blue monochrome piece by the late Chung Sang-Hwa.

Crystal Bridges Museum of American Art Announces Historic Expansion Opening

Crystal Bridges Museum of American Art in Bentonville, Arkansas, has announced a historic expansion, increasing its size by 50 percent to 114,000 square feet, with a grand opening scheduled for June 6 and 7, 2026. The expansion, designed by Safdie Architects, includes fully reimagined galleries and is celebrated by two landmark gifts: 18 major works by women artists donated by chairperson Olivia Walton and her husband Tom Walton, and 200 artworks by over 100 artists donated by collectors Candace and Michael Humphreys. The Walton gift features artists such as Yayoi Kusama, Alice Neel, and Njideka Akunyili Crosby, while the Humphreys gift introduces many new artists to the museum's holdings.

Crystal Bridges Museum's expansion will open in June 2026

Crystal Bridges Museum of American Art in Bentonville, Arkansas, announced its expansion will open on June 6, 2026, adding 114,000 square feet—a 50% increase in size. Designed by Safdie Architects, the project began in 2022 and includes hundreds of newly donated works, the largest gift in the museum's history: over 200 pieces from Dallas-based collectors Candace and Michael Humphreys. Additional donations from board chair Olivia Walton and her husband Tom include 18 works by women artists, honoring her late mother, gallerist Monique Knowlton.

Global Art Market Report 2024–2025

The global art market saw total sales of $57.5 billion in 2024, a 12% decline year-on-year, marking the second consecutive annual drop. Transaction volumes rose 3% to about 40.5 million, driven by works under $50,000 which made up 85% of dealer sales. Sotheby's and Christie's together accounted for roughly half of global fine-art auction turnover, though both saw significant auction revenue declines. The United States led with 43% of global sales, while China's market share fell to 15%, its lowest since 2009. Online art sales grew to 18% of total value, and new buyer momentum was strong, with 44% of dealer buyers being new and 91% of high-net-worth collectors optimistic.

mcny tyger shipwreck research

The Museum of the City of New York (MCNY) is launching a new research project to re-examine a 17th-century shipwreck discovered during a 1916 subway dig in Lower Manhattan. The wreck, long believed to be the Dutch ship *Tyger*—one of the earliest European vessels to anchor in New York Harbor—was excavated by subway foreman James A. Kelly and later donated to MCNY in the 1940s. In partnership with the Cultural Heritage Agency of the Netherlands (RCE), the museum will apply advanced scientific techniques, including dendrochronology and wood species analysis, to the ship's timbers to confirm their origins and better understand the vessel's history.

dealer oghenochuko ojiri pleads guilty hezbollah financier

London art dealer Oghenochuko Ojiri has pleaded guilty to eight charges of failing to disclose potential terrorist financing after selling artworks to Nazem Ahmad, a collector sanctioned by the US since 2019 for funding Hezbollah. The charges, brought by the Metropolitan Police’s National Terrorist Financial Investigation Unit, cover transactions from October 2020 to December 2021, with artwork valued at approximately £140,000 ($186,000). Ojiri, who owned a namesake gallery in East London and appeared as an art expert on BBC’s Bargain Hunt, allegedly filled out paperwork in other individuals' names to disguise Ahmad’s ownership of the works.

con artist charged for fraudulent sale of courbet painting

American con artist Thomas Doyle, 68, has been charged with wire fraud for allegedly defrauding London gallery owner Patrick Matthiesen over a Gustave Courbet painting. Doyle claimed to manage a family trust with billions in assets and offered to broker the sale of Courbet's 1844 oil painting *Mother and Child on a Hammock* without commission. Instead, he delivered the work to his partner Shalva Sarukhanishvili, who sold it to Jill Newhouse Gallery for $115,000; the gallery then resold it to collector Jon Landau for $125,000. Matthiesen received no proceeds and filed a lawsuit against Doyle, Sarukhanishvili, Jill Newhouse Gallery, and Landau. Doyle has a prior fraud conviction involving a Corot painting and was described by a judge as a "career criminal."

The Artist Who Painted Pixels Before We Saw in Pixels

Der Künstler, der Pixel malte, bevor wir in Pixel sahen

Reinhard Voigt, a German artist little known to the public, painted grid-based pictures as early as 1968—years before pixels became ubiquitous in daily life. Despite early discouragement from Gerhard Richter and fellow artist Alan Jones, Voigt persisted, creating meticulous works on paper and canvas using transparent paper, rulers, pencil, and oil paint. His first major exhibition, "Pure Pleasure," took place in 2023/2024 in Nuremberg, and his current duo show "High on Low" with Anna-Sophie Berger is on view at Berlin's Kunstraum Grotto, featuring his Word Paintings series. Voigt lives and works in Berlin-Prenzlauer Berg with his wife, artist Susan Elias.

Explore 6 World Cup-inspired exhibits coming to Kansas City museums

Kansas City museums are launching six soccer-themed and World Cup-inspired exhibitions ahead of the world's largest soccer tournament arriving in the city this summer. Highlights include “The Beautiful Game” at the National World War I Museum and Memorial, which explores soccer's role during World War I; “The World in Kansas City” at the Kemper Museum of Contemporary Art, featuring works by over 16 local international artists; “United We Play: Kicking It With The Trumans” at the Harry S. Truman Presidential Library & Museum, celebrating sports unity through artifacts from Kansas City teams; and “Homeland: The Osage in Missouri” at The Museum of Kansas City, tracing Osage Nation history.

Crystal Bridges to host panel on museum expansion May 29

Crystal Bridges Museum of American Art in Bentonville, Arkansas, will host a ticketed panel discussion on May 29, 2026, to celebrate its upcoming expansion. The conversation, titled "By Design: A Conversation on the Crystal Bridges Expansion," will feature museum founder Alice Walton, board chair Olivia Walton, and architect Moshe Safdie, moderated by Vanity Fair's Nate Freeman. The event takes place at the Heartland Whole Health Institute on the museum campus ahead of the formal expansion opening on June 6-7, which includes free programming and the debut of "Keith Haring in 3D," the first exhibition focused on the artist's three-dimensional work.

Phillips Collection’s new ‘Miró and the United States’ exhibit focuses on transatlantic cultural exchange rather than conflict

The Phillips Collection in Washington, D.C., has opened a new exhibition titled 'Miró and the United States,' curated by Elsa Smithgall. The show features 75 works by Joan Miró alongside pieces by more than 30 other artists, including Alexander Calder, Rufino Tamayo, and Arshile Gorky. Rather than framing the relationship as a cultural clash between European modernism and American art, the exhibition emphasizes transatlantic artistic exchange during the mid-20th century, particularly in the shadow of World War II and the Spanish Civil War. Key works include Miró's 'Constellations' series and 'Still Life with Old Shoe' (1937), which are presented in dialogue with American contemporaries who responded to his visual language.

Japanese painting tradition meets street materials in new exhibition at the Spencer Museum of Art

The Spencer Museum of Art at the University of Kansas has launched "Street Nihonga: The Art of Jimmy Tsutomu Mirikitani," the most comprehensive exhibition to date of the late artist's work. Curated by Kris Ercums and Maki Kaneko, the show features 145 works that trace Mirikitani’s journey from his Nihonga training in Japan to his incarceration in a U.S. internment camp during WWII, and finally his years as a homeless street artist in Lower Manhattan. The exhibition is accompanied by a major scholarly catalog and documentary footage by filmmaker Linda Hattendorf.

Sally Tallant, director of New York’s Queens Museum, to lead London’s Hayward Gallery

Sally Tallant, currently director of the Queens Museum in New York, has been appointed director of the Hayward Gallery and visual arts at the Southbank Centre in London. She will succeed Ralph Rugoff, who steps down in spring after 20 years. Tallant previously worked as an assistant curator at the Hayward in 2001 and later led the Liverpool Biennial from 2011 to 2019. She will begin her new role in July, while Rugoff will oversee a major Anish Kapoor retrospective opening in June.