pemberton asset management buys bonhams from private equity firm epirus for undisclosed sum

Pemberton Asset Management, a European private credit manager backed by Legal & General, has acquired the auction house Bonhams from private equity firm Epiris for an undisclosed sum. The acquisition led to the departure of Bonhams's global CEO Chabi Nouri and chief commercial officer Céline Assimon, with a new senior leadership team appointed including Seth Johnson as CEO, Liese Thomas as CFO, and Jennifer Babington as COO. Bonhams chairman Hans-Kristian Hoejsgaard will remain in his role, while Chris Ellerker and Mohit Agarwal from Pemberton join the board.

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.

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.

phillips juvenile triceratops november sales

Phillips will auction a juvenile triceratops skeleton nicknamed "Cera" during its modern and contemporary art sale on November 18 in New York. The 66-million-year-old fossil, excavated in South Dakota in 2016, is the first full juvenile triceratops ever discovered and the first triceratops to come to auction in the US in over a decade, with a presale estimate of $2.5 million to $3.5 million. The auction house is also introducing a new section called "Out of This World" within the sale, featuring natural history objects including a Steneosaurus bollensis fossil and a golden nugget, in partnership with Zurich-based art dealer Christian D. Link.

fed reserve interest rate cuts art market loans

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points, the first reduction since December, bringing rates to their lowest level since late 2022. Art finance experts Anita Heriot of the Fine Art Group and Joshua Greenberg of Bank of America Private Bank told ARTnews that while the cut is unlikely to create new art buyers, it could stimulate art lending and borrowing against collections, as lower rates reduce the cost of carrying debt. The move signals a potential trend of further rate declines, which may encourage collectors to reengage with the market, especially amid softening art prices.

france returns colonial era human remains to madagascar

France has returned three colonial-era human skulls to Madagascar, including one believed to belong to King Toera, a Malagasy king executed by French troops in 1897. The skulls were handed over to Malagasy representatives at the French Culture Ministry on Monday, after being held in Paris’s National Museum of Natural History. French Culture Minister Rachida Dati called the return “historic,” while her Malagasy counterpart Volamiranty Donna Mara described it as healing an “open wound” after 128 years.

confederate general monument reinstalled trump

The National Park Service announced it will reinstall a statue of Confederate General Albert Pike in Washington, D.C., after it was toppled and burned by protesters during the 2020 Black Lives Matter demonstrations. The agency shared an image of the bronze work being cleaned of corrosion and graffiti, citing federal historic preservation law and recent executive orders to restore pre-existing statues in the nation's capital. The statue is expected to return to public view in October, with site preparation beginning soon to repair its damaged masonry plinth.

phillips auction house new priority bidding structure

Phillips auction house will launch a new "priority bidding" fee structure this September, offering a lower buyer's premium rate to bidders who place a binding written bid at least 48 hours before a live auction, provided the bid meets or exceeds the lot's low estimate. The standard buyer's premium will remain at 29/22/15 percent for New York sales, while priority bidding rates drop to 25/20/14 percent. The policy applies to live auctions across New York, London, Hong Kong, Geneva, and Paris, but excludes watch auctions and timed online-only sales.

nathan myhrvold modernist cuisine

Nathan Myhrvold, the former Microsoft CTO, chef, author, and photographer, has released his first series of safari photographs taken in Africa. The collection, titled 'Resting Leopard' (2025) and 'The Young King' (2025), marks a shift from his meticulously staged food and beverage photography to wildlife portraiture. In an interview, Myhrvold discusses how the project reconnects with humanity's place in the natural world, contrasting the controlled environment of studio work with the unpredictability of photographing wild animals.

pompeii garden of hercules restoration

The Pompeii Archaeological Park has unveiled the restored Garden of Hercules, replanted with 1,200 violets, 1,000 ruscus plants, 800 antique roses, vines, and fruit trees to mirror its appearance 2,000 years ago. The restoration is based on botanical research from the 1950s by Wilhelmina Jashemski, who identified pollen, spores, and plant fossils at the site. The garden, located on Regio VIII, Insula 2, also features a recreated ancient irrigation system and a terracotta statue of Hercules, and was once used for commercial perfume production.

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.

the view from jonathan crockett

Jonathan Crockett, deputy chairman of Phillips in Asia, reflects on the auction house's 10-year journey in the region, from a small Hong Kong office to a major presence in the West Kowloon Cultural District. He recounts his career path from Christie's and Sotheby's to founding his own advisory firm, then joining Phillips to launch its Asian operations, overcoming brand confusion and building a robust client network.

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.

asian art market

The Chinese art market experienced a 31% year-on-year decline in sales to $8.4 billion in 2024, its lowest level since 2009, according to the latest Art Basel and UBS Art Market Report. The downturn is attributed to slower economic growth, a property market slump, and broader economic uncertainties. However, other Asia Pacific markets showed resilience: Japan saw a 2% increase in sales, Australia's dealer market grew 11%, and China remains the second-largest auction market for postwar and contemporary art. Dealer sentiment is improving, with half expecting stronger sales in 2025.

trump nominates nea head mary anne carter

President Donald Trump has nominated Mary Anne Carter to return as head of the National Endowment for the Arts (NEA), a position she previously held from 2019 to 2021. The nomination comes after Trump’s 2026 budget proposed eliminating the agency, which distributes federal grants to arts organizations nationwide. Carter, who lacks extensive arts experience and previously served as chief policy adviser to Florida Governor Rick Scott, is currently listed as a senior adviser to the NEA. Her nomination follows a wave of resignations among senior NEA leaders and reports that over 350 organizations have had their grants canceled as the agency shifts its funding priorities.

art market minute may 5

The article reports that at the 100-day mark of Trump's second presidency, his economic policies—particularly tariffs—are disrupting the art world. While artworks remain exempt, antiques and design objects are not, causing concern for dealers, including those preparing for Tefaf New York. Changes to de minimis rules have lowered the customs processing threshold from $2,500 to $800, triggering widespread shipping delays. Additionally, Frieze has been sold to Hollywood powerbroker Ari Emanuel, and auction veteran Alex Rotter has been tapped as Christie's new global president.

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.

art sagg napoli exhibition champ lacombe london

SAGG Napoli, a multidisciplinary artist who incorporates Naples into her name, presents her latest exhibition at Champ Lacombe in London from March 26 to May 16, 2025. For the first time, her own body is absent from the work; instead, she shows a new sculpture and a film juxtaposing volcanic eruptions of Mount Vesuvius with New Year's Eve celebrations in Naples. The article includes a studio visit interview where Napoli discusses her creative process, her training as a competitive archer, and her concept of 'South Aesthetics.'

fashion toteme swedish style interview

Elin Kling and Karl Lindman, the Swedish couple behind the womenswear brand Toteme, discuss their design philosophy and the opening of their first flagship store in mainland Europe, located on Rue du Faubourg Saint-Honoré in Paris. The article, accompanied by photography from Mikael Jansson, details how the brand has resisted trends like "quiet luxury" and minimalism labels, instead focusing on precision, restraint, and timeless essentials. The Paris store, designed by Stockholm-based Halleroed, features art-gallery-white walls, Italian limestone floors, and works by Marc Newson, Lucie Gottlieb, and Jansson, reflecting the brand's serene, uncluttered aesthetic.

fashion anthony vaccarello saint laurent designer

Anthony Vaccarello, creative director of Saint Laurent, has opened a new Paris flagship store at 37 Avenue Montaigne, housed in the former Canadian embassy. The store reflects his vision with a mix of modern design and vintage furniture, including pieces by Jean-Michel Frank and François-Xavier Lalanne, alongside contemporary artworks by Mark Bradford, Camille Henrot, and Thomas Houseago on loan from the Pinault Collection. Vaccarello discusses the two-year transformation, his approach to retail as a context for the clothes, and his broader creative expansions into film with Saint Laurent Productions and the revival of Charlotte Perriand furniture designs.

art istfestival istanbul art fair

The Istanbul International Arts and Culture Festival, co-founded by curator Demet Müftüoğlu-Eşeli and filmmaker Alphan Eşeli, returns for its 15th edition with the theme “What Is Really Real?” Over three days in October, the festival brings together creative minds from film, technology, photography, literature, and visual art for panels, screenings, workshops, and exhibitions. In an interview with Cultured, the founders and artist José Parlá discuss the urgency of questioning authenticity in a digitally mediated world, touching on memory, dreams, and the blurred line between the artificial and the real.

artmosphere nonprofit arts education nationwide

Colette Thiebaud and Leon Barhoum founded Artmosphere, a nonprofit that delivers curated art education boxes called ARTicles to underserved schools across five U.S. states. Launched as a tribute to Thiebaud’s grandfather, the late artist Wayne Thiebaud, the organization recently received its largest donation from philanthropist Maria Manetti Shrem and has partnered with FOG Design+Art to debut a family program. The founders are now planning an event at Art Basel Miami called Confections & Connections for emerging collectors and patrons.

It's a Rollercoaster of Emotions

"Es ist ein Wechselbad der Gefühle"

Sung Tieu has been selected to represent Germany at the Venice Biennale with a solo exhibition in the German Pavilion. In an interview with Monopol, she discusses how her personal biography—as a Vietnamese-German artist—informs her practice, which examines Vietnamese migration to East Germany, the rise of right-wing extremism, and the cold, bureaucratic language of state power. The exhibition will bring these themes to an international audience in Venice.

Treated as Cannon Fodder

"Als Kanonenfutter behandelt"

Artist Mario Pfeifer has created a new film, "Wutame / Caché," which portrays two men from Cameroon who fought for Russia in the war against Ukraine before deserting. The film is currently featured in the "Tirailleurs" exhibition at Berlin's Haus der Kulturen der Welt (HKW). Pfeifer's work focuses on the men's personal accounts of being deceived, poorly treated, and used as "cannon fodder," employing anonymized voices and altered imagery to protect their identities while allowing their stories to unfold.

In Venice, the Passion of Life and the Ghost of Art

The 2026 Venice Biennale, the world’s oldest art exhibition, has opened with a theme centered on vitality and the celebration of life. The edition is described as both a passionate embrace of energy and a reminder of art’s lingering ghosts, offering a mixed but compelling experience for visitors.

Leigh Magar, High-End Milliner Turned Indigo Artist, Dies at 57

Leigh Magar, a celebrated milliner who crafted bespoke hats for celebrities including Beyoncé and members of the royal family, has died at age 57. After building a high-profile career in Charleston, South Carolina, she relocated to a remote island off the coast, where she shifted her artistic focus to cultivating indigo and creating natural dyes, becoming a dedicated practitioner of the ancient craft.

At a Difficult Time, a Minnesota Museum Offers Respite to Somalis

The Somali Museum of Minnesota has emerged as a vital cultural sanctuary and community hub for Somali immigrants in Minneapolis. By preserving traditional nomadic artifacts, textiles, and contemporary artworks, the museum provides a space for the diaspora to reconnect with their heritage and find solace amidst social and political challenges.

Changes at Manifesta as Hedwig Fijen steps down

Hedwig Fijen, founding director of Manifesta, the European Nomadic Biennial, will step down on October 5. Emilia van Lynden and Catherine Nichols will succeed her as general director and artistic director respectively, as announced by the supervisory board of the International Foundation Manifesta. Fijen, who was commissioned by the Netherlands Office for Fine Arts in 1991 to develop a pan-European platform, has led Manifesta through editions in Palermo, Pristina, Barcelona, and the upcoming 2026 edition in the Ruhr region. Van Lynden has served as deputy director since 2019, while Nichols, a Berlin-based curator, contributed as creative mediator for the 2022 edition and artistic board member for 2026. The new leadership will begin with Manifesta 17 in Coimbra, Portugal, in 2028.

‘Volcano Snake Sun, September’: A Poem by Ella Frears

Poet Ella Frears has composed a new literary work in response to Charlie Prodger’s 2024 drawing, 'Volcano Snake Sun, September'. The poem explores themes of observation, physical detachment, and the tension between tranquility and underlying violence, mirroring the shift in Prodger’s practice from conceptual film to representational pencil-and-pastel works on paper.