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.

amid market uncertainty asian art posts standout results

A review of the top 20 auction lots sold globally in the first quarter of 2025 reveals that four of the five priciest works were either by Asian artists or sold in Asia, a shift from the dominance of Western works in London and New York during the same period in 2023 and 2024. Notable sales include a record-breaking Yuan dynasty calligraphy by Rao Jie at Sotheby’s Hong Kong for $32.2 million, Tyeb Mehta’s *Trussed Bull* setting an artist record at Saffronart in Mumbai, and M. F. Husain’s *Untitled (Gram Yatra)* becoming the first Indian Modern artwork to exceed $10 million at Christie’s New York. However, the total value of the top five lots fell to $73.7 million, down nearly 14% from 2024 and 46% from 2023, amid a broader downturn in Asian art sales, particularly in China.

where to go what to expect amid us government shutdown 2025

The United States government shutdown, which began on October 1 after Congress failed to reach a funding agreement, has forced the closure of numerous federally operated museums, historic sites, and national parks. While some outdoor monuments and parks remain accessible, many are understaffed and operating with limited services. In Washington, D.C., sites like the Library of Congress, National Archives Museum, and Washington Monument are closed, while Smithsonian-run institutions remain open only through October 11 using prior funds. In New York, the Statue of Liberty and Ellis Island remain open, but the lack of uniformity across agencies has created confusion for visitors.

Ulysses Jenkins (1946–2026), A Black Radical Imagination

The article is a personal tribute by curator Erin Christovale to the late artist Ulysses Jenkins (1946–2026), chronicling their decade-long friendship and collaboration. Christovale recounts how she first encountered Jenkins's video work at the William Grant Still Arts Center in Los Angeles, and how a conversation with Otolith Group's Kodwo Eshun led to her curating Jenkins's work. She describes key moments including Jenkins's video "Planet X" (2006) about Hurricane Katrina, his 1979 work "Two-Zone Transfer" featuring Kerry James Marshall in blackface masks, and the 2021 retrospective "Ulysses Jenkins: Without Your Interpretation" co-curated with Meg Onli at the Institute of Contemporary Art Philadelphia, which later traveled to the Hammer Museum and Julia Stoschek Foundation.

End of investment art? Why the bottom of the market is flourishing

The art market in 2024 saw an aggregate 12% decline in sales to an estimated $57.5bn, driven by a slowdown at the ultra-premium end, according to the Art Basel and UBS Art Market Report and Artprice. However, the lower end of the market is flourishing: auction sales of works under $5,000 grew 7%, dealers with turnover under $250,000 reported a 17% increase, and sales of works under $20,000 reached record levels. Online platforms like Avant Arte, which sold $23m in print and sculpture editions (up 53% year-on-year), are key drivers, attracting younger and first-time collectors with affordable, editioned works.

Riyadh Art Extends Its Citywide Permanent Collection

Riyadh Art, a public art initiative led by the Royal Commission for Riyadh City, is expanding its Permanent Collection with 115 new installations planned through 2026 and beyond, adding to the 75 works already installed across the Saudi capital. The collection includes works by international artists such as Alexander Calder, Anish Kapoor, Jeff Koons, Giuseppe Penone, and Ugo Rondinone, alongside Saudi practitioners like Zaman Jassim and Mohammed Al Saleem, with recent additions including Calder's 'Janey Waney' and Nobuo Sekine's 'Phase of Nothingness'.

Michael Clark’s Controlled Movements

Choreographer Michael Clark's 2003 work *Satie Studs* was revived as part of the live event programme for Peter Doig's exhibition *House of Music* at London's Serpentine Galleries. Dancer Jules Cunningham performed the minimalist solo, set to Erik Satie's piano preludes, showcasing controlled, precise movements that distilled ballet and yoga poses into a stark, deliberate sequence.

Angus, Thongs and Imperfect Staging

The art collective MSCHF saved a cow named Angus from slaughter after a two-year project called 'Our Cow Angus'. The project allowed fans to preorder burgers or a leather bag made from Angus, but also provided a 'Remorse Token' to cancel orders. If 50% of tokens were used by the deadline, Angus would be spared and sent to a sanctuary. With ten hours remaining, the threshold was met, and the cow's life was saved.

Spring 2026 to Feature New Documentaries, Screenings, Artist Talks, and a New Episode of Art in the Twenty-First Century

Art21 has announced its spring 2026 programming lineup, which includes new documentary premieres, film screenings, artist talks, and the second episode of the 12th season of its flagship series 'Art in the Twenty-First Century.' The season features artists such as Tomás Saraceno, Njideka Akunyili Crosby, Camille Henrot, and Ragnar Kjartansson, and coincides with the series' 25th anniversary.

98,000 People Rush to Defense of Arts Trustee Misan Harriman in Wake of Antisemitism Accusations

More than 98,000 people have filed complaints with the UK Independent Press Standards Organisation (IPSO) in defense of British-Nigerian arts trustee Misan Harriman, following accusations of antisemitism leveled against him by right-wing outlets including the Daily Mail and the Telegraph. The complaints mark the highest number ever submitted to IPSO over a single issue. Separately, an open letter signed by activist Greta Thunberg and artists Tracey Emin and Peter Doig condemns what they call a "dishonest smear campaign" targeting Harriman, who is an Oscar-nominated photographer, chair of the Southbank Centre, and a nominee for Amnesty UK’s People’s Human Rights Champion.

Negative Impressions and Positive Traces of ’20th Century Debris’.

Marc Brandenburg's solo exhibition '20th Century Debris' is on view at the Berlinische Galerie in Berlin until September 14, 2026. The show features approximately 150 works, including early drawings from the 1990s, recent pieces, video, photography, and tattoo editions, all exploring spectral cityscapes and the debris of contemporary life through a process of tonal reversal and inversion.

The Sprawling New David Geffen Galleries At LACMA Open To The Public On Sunday, May 3

The David Geffen Galleries at the Los Angeles County Museum of Art (LACMA) will open to the public on Sunday, May 3, after 20 years of development. Designed by architect Peter Zumthor, the 900-foot-long horizontal glass and concrete structure overlooks the La Brea Tar Pits and stretches over Wilshire Boulevard. The main floor, elevated 30 feet above street level, offers 110,000 square feet of gallery space for LACMA’s permanent collection. The inaugural exhibition is inspired by four major bodies of water—the Pacific, Indian, and Atlantic oceans, and the Mediterranean Sea—and features works by artists including Todd Gray, Do Ho Suh, Lauren Halsey, Tavares Strachan, Jeff Koons, and Diego Rivera. The building also includes open plazas, an outdoor public space, and an Erewhon Cafe, with a larger restaurant and wine bar planned for fall 2026.

Husband Found Guilty of Scheming Murder of Art Dealer Brent Sikkema

A federal jury has found Daniel Sikkema guilty of orchestrating the murder-for-hire of his estranged husband, New York art dealer Brent Sikkema. Brent Sikkema, 75, was stabbed 18 times in his Rio de Janeiro townhouse in January 2024. The hitman, Alejandro Triana Prevez, a Cuban security guard, was arrested days later and remains in prison awaiting trial. Prosecutors presented evidence including voice notes in which Daniel Sikkema allegedly threatened to become a widower, phone calls via a burner phone, and a $9,000 payment to Prevez. Daniel Sikkema was arrested in March 2024 on passport fraud charges and later charged with conspiracy to commit murder for hire.

It is the great Mark Rothko leading Sotheby's first auctions in New York

È il grande Mark Rothko a guidare le prime aste di Sotheby’s a New York

Sotheby's kicked off New York's art and auction week with two major sales on May 14, 2026, led by the highly anticipated Robert Mnuchin: Collector at Heart Evening Auction. The top lot was Mark Rothko's "Brown and Blacks in Reds" (1957), which sold for $85.8 million, the second-highest price ever for the artist at auction. The Mnuchin auction achieved a "white glove" sale, selling all 11 lots for a total of $166.3 million, followed by The Now & Contemporary Evening Auction which brought in $266.8 million. Combined, Sotheby's generated $433.1 million, a 133% increase over its May 2025 session. The sales reflect a strong return of high-value trophy lots to the secondary market, driven by the dispersal of prominent collectors' estates.

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.

Remembering James Hayward, LA’s Adored Cowboy Painter

Abstract painter James Hayward, known for his monochromatic oil and wax impasto works, died last week at age 82. A legendary figure in the LA art scene, Hayward was equally celebrated for his magnetic personality, ribald humor, and storytelling. He rose to prominence in 1977 when included in the group show "Less is More" at Sidney Janis Gallery in New York, and was admired by art-world giants such as Dave Hickey, Chris Burden, Nancy Rubins, Ed Moses, and Mike Kelley. Hayward also taught at colleges across the country, including a guest seminar at the University of Southern California, and was a longtime supporter of the LA contemporary art magazine Artillery.

These Are the Winners of the 2026 Guggenheim Fellowship

The John Simon Guggenheim Memorial Foundation has announced its 2026 fellowship recipients, naming 223 individuals across 55 disciplines. The cohort includes 76 professionals from the visual arts, photography, and fine arts research sectors, featuring notable figures such as Sheida Soleimani, American Artist, Kenneth Tam, and Sonya Clark. This year's selection process was notably competitive, drawing 5,000 applicants—a significant increase from previous years.

Who Do Chicago’s Art Fairs Serve?

Expo Chicago and its satellite fairs serve as a complex barometer for the Midwestern arts ecosystem, highlighting both the successes of local representation and the tensions of institutional growth. While galleries like Andrew Rafacz and Corbett vs. Dempsey demonstrate viable career paths for Chicago-based artists like Melissa Leandro and Gabrielle Garland, the fair's shifting structure reveals a narrowing field for smaller nonprofits.

David Novros’s Portable Murals

David Novros’s latest exhibition at Paula Cooper Gallery showcases his "portable murals," intricate multi-paneled paintings that challenge the traditional concept of art as a mere object on a wall. Utilizing oil and murano on canvas, Novros assembles monochromatic, L-shaped, and horizontal panels with precise intervals that incorporate the gallery wall into the composition. These works are designed to be experienced kinesthetically, responding to shifting natural light and the viewer's physical movement through the space.

ulysses jenkins dead video artists

Ulysses Jenkins, a pioneering video artist, muralist, and performer, has died at the age of 79. His passing was confirmed by the Hammer Museum in Los Angeles, the institution that hosted his major 2022 retrospective, "Without Your Interpretation." Born and raised in Los Angeles, Jenkins dedicated his career to using the camera as a tool for social commentary, famously documenting the Watts Festival to counter negative media stereotypes and exploring the complex relationship between mass media and Black American identity.

nada new york

NADA New York returns for its 11th edition with significant changes, including a new venue at the Starrett-Lehigh Building in West Chelsea. The fair, organized by the New Art Dealers Alliance (NADA), will feature 111 exhibitors from 19 countries, with 54 first-time participants. A highlight is the sixth edition of the TD Bank Curated Spotlight, organized by Owen Duffy of Asia Society Texas, which spotlights nine galleries and artists from Texas and Mexico, fostering dialogue between the two regions. The fair runs May 7–11, 2025.

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.

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Camille Henrot and Hillary Taymour, wearing Collina Strada, are featured in a Cultured magazine interview marking the reopening of the New Museum on March 21, 2026, after a 60,000-square-foot expansion by OMA. The conversation is part of a series pairing three artists from the inaugural exhibition "New Humans: Memories of the Future" with three downtown fashion designers. Henrot discusses her New York origin story, her film *In the Veins* premiering in the show, and her upcoming play *Commedia dell’Arte* at the Aspen Art Museum’s AIR Festival, while Taymour recounts moving from Los Angeles to New York in 2010 to pursue fashion design.

art fashion ivana basic claire sullivan interview

Cultured magazine pairs three artists with three independent fashion designers to mark the reopening of the New Museum on March 21, 2026, following a 60,000-square-foot expansion by OMA. In this installment, Serbian sculptor Ivana Bašić, whose work *Blossoming Being #2* appears in the inaugural exhibition “New Humans: Memories of the Future,” meets designer Claire Sullivan of Miss Claire Sullivan. Their conversation covers their New York origin stories, the city’s affordability crisis, and the challenges of making a creative life in the city.

art fashion cato ouyang zoe gustavia anna whalen

The New Museum in New York is reopening on March 21 with a major expansion—a 60,000-square-foot addition designed by OMA, doubling its footprint. To celebrate, the museum paired three artists featured in its inaugural exhibition "New Humans: Memories of the Future" with three independent fashion designers for studio conversations. The article presents one such dialogue between artist Cato Ouyang and designer Zoe Gustavia Anna Whalen, who discuss their New York origin stories and the challenges of creative life in the city.

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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.

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Carlos Soto, a set and costume designer known for his emotionally charged and essentialist approach to theater, is profiled in a feature that traces his career from a childhood encounter with Robert Wilson to collaborations with Solange, Marina Abramović, and Philip Glass. Soto discusses his recent production of Robin Hood at Zurich's Schauspielhaus, where he fused Japanese Noh theater masks with animal memes to create costumes that blur the line between human and beast. The article highlights his uncompromising vision, his early apprenticeship under Frida Parmeggiani at the Met, and his decision to drop out of Pratt Institute to pursue hands-on learning.

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Nicole Eisenman's solo exhibition "STY" is on view at 52 Walker in New York through January 10, 2026. The show features recent paintings including "The Auction" (2025) and "Archangel (The Visitors)" (2024), which blend styles from realism to post-Cubist caricature. Curated by Ebony L. Haynes, the gallery is transformed into a single room lined with Homasote board, creating an intimate studio-like atmosphere that includes reference ephemera from Eisenman's Brooklyn studio, such as a printout of Martin Kippenberger's 1984 abstraction.

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EJ Hill's new endurance performance, "Yearning for an Absolute" (2025), is on view at 52 Walker in Tribeca through September 13, 2025. For the duration of the exhibition, the 40-year-old Black queer artist kneels every day, all day, within a red velvet enclosure, referencing Catholic devotional practices, saintly mortifications, and his own history of durational works like "Excellentia, Mollitia, Victoria" (2018) at the Hammer Museum's "Made in LA" biennial. The installation also includes red leather kneelers for sale, framed kneeler pad paintings marked with the artist's indentations, and a neon rectangle reminiscent of Dan Flavin's church installation.

heading to basel swiss collector suzanne syz has a priceless list of fair dos and donts

Swiss collector Suzanne Syz, a longtime attendee of Art Basel since its early days as a "mammoth indoor flea market," shares her insights and advice for navigating the fair. In an interview with Cultured, Syz discusses her collection, which includes works by Barbara Kruger, Julian Schnabel, Olivier Mosset, and Peter Fischli, and offers tips such as skipping long lines, focusing on the Statements section for emerging artists, and trusting gut instincts over spreadsheets. She also highlights the distinct Swiss art scene, praising institutions like Kunsthalle Zürich and MAMCO, and schools like HEAD and ECAL.