Sotheby's auction house and Sotheby's Institute of Art, through their parent company Edconic, have launched a formalized, paid fellowship program. The initiative places 20 master's students from the Institute's New York program into 12-week paid internships at the auction house, with plans to expand to London and eventually involve 60 students. The program aims to provide practical, credit-earning work experience directly within the art market.
The European Union has threatened to withdraw funding from the Venice Biennale if the organization proceeds with hosting a Russian national pavilion for the 2026 edition. EU commissioners Henna Virkkunen and Glenn Micallef issued a joint statement arguing that providing a platform for Russia is incompatible with the EU's response to the ongoing invasion of Ukraine. While the Biennale Foundation maintains a policy of neutrality, stating it rejects the censorship of any country recognized by Italy, the EU warned that continued participation could result in the suspension or termination of active grants.
An anonymous artist collective known as The Secret Handshake has installed a provocative 12-foot-tall guerrilla statue in Washington, D.C., titled 'KING OF THE WORLD.' Located near the U.S. Capitol, the monument depicts Donald Trump and Jeffrey Epstein recreating the iconic 'Titanic' film pose, accompanied by ten banners and a plaque satirizing their historical friendship.
Archaeologists at El Caño Archaeological Park in central Panama have uncovered a 1,000-year-old tomb belonging to a high-ranking chieftain of the Gran Coclé culture. The burial chamber, designated as Tomb 3, contains a staggering collection of gold artifacts, including pectorals, earrings, and ornaments featuring crocodile and bat motifs. Crucially, the 'Lord of Tomb 3' was found buried alongside several other individuals, suggesting a practice of ritual human sacrifice intended to accompany the leader into the afterlife.
Bard College has initiated an independent review of President Leon Botstein’s relationship with the late sex offender Jeffrey Epstein following the release of Department of Justice emails. While Botstein previously characterized the connection as purely philanthropic, the new correspondence suggests a more personal friendship, including frequent visits to Epstein’s Manhattan townhouse and a 2012 trip to Epstein’s private island. The college's board of trustees has hired the law firm WilmerHale to investigate the extent of these communications and any financial contributions.
Fred Hohler, the founder of the Public Catalogue Foundation, is the pivotal figure behind the Art UK project, which has successfully digitized over one million UK public art entries. The letter corrects a previous article that highlighted the project's new chair but omitted Hohler's foundational role.
Portugal has repatriated three pre-Columbian artifacts to Mexico, marking the first time the country has returned unlawfully acquired antiquities to the Mexican government. The returned items include a Shaft Tomb Culture female figure, a Maya painted vessel, and a Zapotec funerary urn representing the deity Cocijo. The objects were recovered through the cooperation of Portuguese judicial authorities and the Mexican embassy after being flagged at auctions and in various cities including Lisbon, Guimarães, and Évora.
Masterworks, an art investment platform, has filed a lawsuit in New York State Supreme Court against its former chief product officer, Hai Min Tran. The company alleges Tran threatened to sue for wrongful termination after his paternity leave, while Masterworks contends he voluntarily resigned before taking leave and that no part-time contract work was available for him upon his return.
Leon Botstein, the longtime president of Bard College, is facing scrutiny following the release of emails with Jeffrey Epstein. The correspondence, reported by the New York Times, includes a 2012 note from Botstein thanking Epstein for a Caribbean trip and expressing admiration, suggesting a more personal relationship than Botstein's previous claims of purely transactional fundraising communications.
Former French culture minister Jack Lang and his daughter, film producer Caroline Lang, have been named in newly released U.S. Department of Justice documents as having had ties with the late financier and convicted sex offender Jeffrey Epstein. The correspondence reveals Caroline Lang co-founded a company, Prytanee LLC, with Epstein in 2016, and that Jack Lang requested personal favors like the use of Epstein's car or plane.
Bonhams ended 2025 with $970 million in global sales, one of its strongest recent performances, driven by growth across regions and categories including fine art, luxury goods, and collector cars. The year’s top lot was a 2020 Bugatti Divo that sold for $9 million. However, the results are overshadowed by a Financial Times report of a £213 million pre-tax loss in 2024, largely due to £153 million in impairment charges tied to a change in ownership—the house was sold by private-equity firm Epiris to Pemberton Asset Management in October 2025. Bonhams Hong Kong posted a record $104 million, UK sales rose 4.5% to $285 million, and digital sales accounted for 46% of total value.
Art Basel Qatar is set to proceed as scheduled in early February despite heightened Gulf tensions following U.S. and U.K. troop reductions near Doha. Dealers and visitors remain cautious, with some delaying travel plans, while Iran's temporary airspace closures have disrupted flights. Organizers say they are continually evaluating the security environment and remain committed to delivering a successful inaugural edition.
The San Francisco Art Institute (SFAI), a 149-year-old institution, announced last month that it would shut down its degree programs and stop enrolling new students after the current semester, signaling what many believed was the end of the school. However, the board of trustees has now voted to keep the school open in a limited capacity, suspending degree programs but offering studio art classes, public education programs, and grant-funded exhibitions while launching a campaign to reinvent its business model and raise philanthropic funds.
Bonhams, the UK-based auction house, reported a nearly 90% surge in pre-tax losses to £213 million ($286.3 million) in 2024, alongside a 9% revenue decline to £176 million ($236.6 million), according to filings with Companies House. The losses were driven by £153 million in impairment charges due to reduced cash flow forecasts, reflecting a write-down on the investment value held by former owner Epiris. The house was sold to Pemberton Asset Management in October 2024, and subsequently saw a leadership overhaul, with Seth Johnson appointed CEO, Liese Thomas as CFO, and Jennifer Babington as COO, replacing Chabi Nouri and Céline Assimon.
Feria Material, a satellite art fair to Mexico City's Zona Maco, is moving its venue just six weeks before its February 5–8 edition. The fair will relocate from Expo Reforma to Maravilla Studios, a renovated historic factory in Colonia Atlampa, because Expo Reforma is hosting "Stranger Things: The Experience," a Netflix immersive activation, through the end of February. Material cofounder Brett W. Schultz told ARTnews that the fair exhausted all options to stay at Expo Reforma but faced limited venue options and skyrocketing rental prices in Mexico City. Maravilla Studios offered a similar price and features a single-level layout with high ceilings, polished concrete floors, and outdoor spaces, which the fair's production team sees as an improvement over the previous two-floor, carpeted venue.
Pantone has selected “Cloud Dancer,” a shade of white, as its 2026 Color of the Year, sparking backlash on social media and in some media outlets. Critics have accused the company of “whitewashing” and being out of touch, particularly given the current political discourse and rollback of DEI programs. Some have also suggested the color signals wealth and elitism. Pantone’s executive director, Leatrice Eiseman, defended the choice in a statement, saying it was based on emotional and creative resonance, not politics or ideology, and that the color represents relaxation, reflection, and creativity.
Alserkal, a Dubai-based cultural enterprise, and Design Miami have announced a multi-year partnership to launch a new regional platform for collectible design in Dubai. The initiative, centered on a flagship fair and year-round programming, will debut in early 2027, marking Design Miami's first expansion into the Middle East. The collaboration leverages Alserkal's 15-year history in developing Dubai's contemporary art scene and Design Miami's two decades of experience in Miami and Paris, aiming to create a network that connects these hubs and elevates Middle Eastern design globally.
Phillips auction house sold a juvenile Triceratops skeleton named Cera for $5.4 million at its Modern and contemporary evening sale in New York, marking the company's first foray into dinosaur fossils. The specimen, discovered in South Dakota's Hell Creek Formation, is the first juvenile Triceratops ever uncovered and features two-thirds of its original skeleton. The sale exceeded its low estimate of $2.5 million, and other natural history lots, including a preserved marine crocodile, were also offered.
Archaeologists working on the controversial Maya Train project in Mexico's Yucatán Peninsula have discovered a 2,000-year-old limestone face carving. The 18-inch-tall sculpture, featuring deep-set eye sockets, a flat nose, and a cleft lip, was found in Sierra Papacal near Mérida during construction of the Mérida-Progreso Railway Bypass. The carving was attached to the foundation of an ovoid building with a west-facing entrance, suggesting it served as a ceremonial marker. Mexico's National Institute of Anthropology and History (INAH) is overseeing the excavation of 15 other nearby structures, and the artifact will be transported to a laboratory for conservation.
The University of Leicester has updated its guidance on trans-inclusivity for museums and galleries, despite facing litigation threats from the campaign group Freedom in the Arts (FITA). The 44-page document, originally published two years ago by the university’s Research Center for Museums and Galleries (RCMG), offers a framework for creating inclusive public spaces and workplaces, addressing legal and ethical questions about trans inclusion. FITA sent two letters threatening legal action, arguing the guidance is “misleading” and “unlawful,” particularly objecting to bathroom etiquette that states trans visitors should use the bathroom they feel most comfortable using. The university is reviewing the latest correspondence and declined further comment.
Typhoon Halong severely damaged an archaeological site near Quinhagak, Alaska, that had been preserved in permafrost. The storm scattered thousands of Yup’ik artifacts—including wooden masks and tools—along the southwestern Alaskan coast. Archaeologist Rick Knecht of the University of Aberdeen raised the alarm about climate change threats, and salvage efforts are underway with the Nunalleq Museum to recover and conserve the items.
World Monuments Fund (WMF) has announced the launch of the Suzanne Deal Booth Institute for Heritage Preservation, backed by $19 million in funding as part of its $60 million endowment campaign marking the organization's 60th anniversary. The institute is established through a $10 million endowment gift from philanthropist and ARTnews Top 200 collector Suzanne Deal Booth, with additional support from the Gerard B. Lambert Foundation, Denise Littlefield Sobel, and Virginia James. The institute will serve as a global hub for research, training, and innovation in heritage preservation, focusing on greenspace stewardship, digital preservation, and workforce development, including programs like the Greenspace Heritage Training initiative and Bridge to Crafts Careers.
The city of Austin, Texas, is set to remove a 'Black Artists Matter' street mural and a rainbow crosswalk after Governor Greg Abbott directed the Texas Department of Transportation to comply with a federal order from President Donald Trump. The July 1 directive from Transportation Secretary Sean P. Duffy requires states to eliminate political messages and artwork from roadways, citing driver and pedestrian safety. Austin Mayor Kirk Watson has identified about 16 locations that may be affected and warned that non-compliance could jeopardize $175 million in state and federal grant funding. The mural, painted in June 2020 in Austin's historically Black East side neighborhood by local artists with the Austin Justice Coalition and Capitol View Arts, was created in response to the police killing of George Floyd and the rise of the Black Lives Matter movement.
President Donald Trump sought a gift for King Charles during a state visit last month, prompting his administration to request a sword from the Dwight D. Eisenhower Presidential Library, Museum, and Boyhood Home in Abilene, Kansas. The library refused to release the sword—a 1947 gift from Queen Wilhelmina of the Netherlands—citing federal law that requires preserving original artifacts for the American public. Trump instead gave King Charles a replica of Eisenhower’s West Point Officer’s Sabre. Subsequently, library director Todd Arrington was forced to resign after being told he could no longer be trusted with confidential information, a move he believes may have been linked to his refusal to hand over the artifact.
Woodmere Art Museum in Philadelphia has filed a lawsuit against the Trump administration over the unlawful termination of a $750,000 grant from the Institute of Museum and Library Services (IMLS). The grant, awarded in 2024 through the IMLS's 'Save America's Treasures' program, was intended to revamp the museum's catalog system and digitize works for its 'America 250' exhibition honoring the nation's 250th anniversary. After President Trump signed an executive order calling for the IMLS to be eliminated, the agency ceased distributing funding, leaving Woodmere with only about $195,000 of the grant received and scrambling to fulfill contracts already in place. The museum is seeking an injunction to stop the IMLS and the Office of Management and Budget from following the executive order.
A campaign group called Freedom in the Arts (FITA) has threatened to sue the University of Leicester in the UK over its “Trans-Inclusive Culture” guidelines for museums and galleries, demanding their removal. The guidelines, published two years ago by the university’s Research Center for Museums and Galleries (RCMG), aim to help cultural institutions create inclusive spaces for transgender people. FITA, co-founded by choreographer Rosie Kay and former Arts Council England staffer Denise Fahmy, argues the guidance misrepresents the legal definition of “sex” under the Equality Act 2010, following a UK Supreme Court ruling that “woman” and “sex” refer only to biological women and biological sex. The group claims the guidelines could encourage unlawful policies, such as allowing toilet access based on gender identity, and discriminate against staff with gender-critical beliefs.
A new study published in the Journal of Cultural Heritage warns that rising sea levels will impact Chile’s Rapa Nui National Park, a UNESCO World Heritage site, by 2080. Coastal flooding threatens at least 51 culturally significant artifacts, including the iconic Moai statues—nearly 1,000 volcanic tuff figures created by a native Polynesian tribe over 500 years ago, some weighing up to 80 tons. Researchers from the University of Hawai’i at Mānoa used advanced computer models to simulate wave patterns and map projected flooding, overlaying this data with the locations of cultural assets provided by local partners.
A new report from First Thursday, a London-based sales intelligence company, reveals widespread frustration among gallerists over the rising costs and high risks of participating in art fairs. Surveying 56 commercial galleries across Europe, Asia, Africa, and North America, the inaugural Art Fair Report found that nearly half of galleries spent over £30,000 ($40,000) per fair, with 24% spending between £50,000 and £100,000. High participation costs were cited by 83% of respondents as the biggest challenge, followed by sales uncertainty (77%). As a result, 31% plan to attend fewer fairs, shifting investment to digital platforms and marketing.
France's culture minister, Rachida Dati, will stand trial on charges of abuse of power and corruption stemming from her time as a Member of the European Parliament. She is accused of receiving €900,000 in lawyer's fees from a Renault-Nissan subsidiary between 2010 and 2012 while allegedly lobbying for the carmaker in the European Parliament, a prohibited activity. Dati, who has denied the allegations, was charged in 2019. The trial date is expected to be set at a hearing on September 29, and could occur after the Paris municipal elections in March 2026, for which Dati has expressed her candidacy.
Art appraiser Winston Art Group and art-tech firm Artory have merged to form the Winston Artory Group (WAG), a new company offering art appraisal, advisory, and digital collection management services. The merger is backed by a strategic investment led by Strobe Ventures, with support from CMT Digital, Galaxy Digital, and the family office of Eijk van Otterloo. WAG combines Winston's valuation expertise with Artory's blockchain-backed technology and a database of over 50 million art market transactions, aiming to provide secure, data-rich valuations to insurers, banks, family offices, and collectors. The firm expects to handle $15 billion in valuations this year.