filter_list Showing 491 results for "RISK" close Clear
search
dashboard All 491 article news 114museum exhibitions 100trending_up market 97article policy 67article culture 27person people 26article local 24gavel restitution 14rate_review review 13candle obituary 9
date_range Range Today This Week This Month All
Subscribe

man crushed to death by warhol painted bmw art car after winch fails in washington d c

A man was killed on the National Mall in Washington, D.C., while unloading a 1979 BMW Art Car custom-painted by Andy Warhol. The accident occurred when a winch securing the vehicle on a flatbed truck failed, pinning the unidentified man beneath the car. The sports car was to be featured in a pop-up exhibition called “Cars at the Capital,” organized by the Hagerty Drivers Foundation, which has since canceled the event out of respect for the deceased.

josh baer collectors emerging artists prices first works

Art adviser and Baer Faxt founder Josh Baer has proposed specific price limits for works by "ultra-emerging" artists—those fresh out of school, such as an MFA graduate from Yale. In his No Reserve newsletter, Baer advises collectors to pay no more than $15,000 for a large work and $5,000 for a small piece at a first solo show in a reputable gallery. The advice comes amid ongoing debate about inflated prices for young artists, following a column by Artnet News editor-in-chief Naomi Rea that questioned the market's pricing logic. LA gallerist Charlie James endorsed Baer's thresholds, though some collectors argue that pricing cannot be so neatly codified.

mahmoud khalil nan goldin market tanked palestine activism

Artist Nan Goldin and Palestinian activist Mahmoud Khalil discussed Khalil's 104-day ICE detention, the 'Palestine Exception' to free speech, and the backlash faced by pro-Palestinian activists in a conversation published in Dazed magazine. Khalil was arrested in March 2024 after serving as a negotiator during Columbia University protests, with the Trump administration alleging he undermined foreign policy and later claiming he failed to disclose information on his green card application. Goldin compared her own experience leading the activist group PAIN, which successfully pressured museums to cut ties with the Sackler family over the opioid crisis, noting that pro-Palestinian activism has faced far greater criminal and professional repercussions.

sasan ghandehari lawsuit christies picasso auction guarantee

Collector Sasan Ghandehari has filed a lawsuit against Christie’s in the High Court of England & Wales, alleging the auction house failed to disclose that a Picasso painting he guaranteed was owned by a man convicted of drug-related charges. The work, Picasso’s *Femme dans un rocking-chair* (1956), was offered in a February 2023 London evening sale with a third-party guarantee from Ghandehari’s company, Brewer Management Corporation (BMC). Ghandehari claims Christie’s told him the owner was José Mestre Jr., but the painting actually belonged to his father, José Mestre Sr., who was sentenced to nine years in prison after 202 kilos of cocaine were found on a cargo ship in 2010. The lawsuit seeks to cancel the guarantee contract and recover a £4.8 million partial payment.

priority bidding phillips

Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

global auction sales h1 2025 arttactic analysis

Global auction sales at Christie’s, Sotheby’s, and Phillips fell 6.2% in the first half of 2025 compared to the same period last year, while the number of lots sold rose 1.3%. ArtTactic’s analysis reveals significant category shifts: post-war and contemporary art dropped 19.3% to $1.22 billion, impressionist and modern art fell 7.7% to $989.5 million, and luxury sales were nearly flat. In contrast, Old Masters surged 35.6% to $171.2 million, and design, decorative arts, and furniture rose 20.4% to $172 million. The decline in high-value trophy lots, including the withdrawal of Andy Warhol’s *Big Electric Chair* and Alberto Giacometti’s *Grande tête mince*, contributed to the slump in contemporary sales.

phillips pollock painting lawsuit david mimran

Phillips auction house has filed a lawsuit against David Mimran, a film producer and son of billionaire Jean Claude Mimran, alleging he failed to pay $14.5 million for a Jackson Pollock drip painting (ca. 1948) that sold at a New York auction in November 2024. Mimran had agreed to a third-party guarantee for the work, which sold for $15.3 million with fees, but according to Phillips, he sought an extension and then claimed he could not pay. The auction house is seeking nearly $15 million including interest.

may marquee auctions recap analysis christies sothebys

Christie's marquee auctions in New York generated $489 million across two sales, led by the $272 million 'Leonard & Louise Riggio: Collected Works' sale and a $217 million 20th century art evening auction. The house guaranteed all 39 lots in the Riggio sale and used third-party guarantees on many others to mitigate risk in a soft market. Top lots included Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black, and Blue* (1922) at $47.6 million, Claude Monet's *Peupliers au bord de l'Epte, crépuscule* (1891) at $49.2 million, and Mark Rothko's *No. 4 (Two Dominants) [Orange, Plum, Black]* (1950–51) at nearly $39 million. Two Warhols were pulled before the sale, highlighting ongoing challenges in selling high-value works at auction.

at christies 13 6 million marlene dumas painting sets new record for living female artist at auction

Christie's 21st-century evening sale in New York on Wednesday night totaled $96.5 million, surpassing last year's $80.3 million, though the auction was characterized by caution, few fireworks, and a reduced number of lots. The headline event was Marlene Dumas's painting *Miss January* (1997) selling for $13.6 million with premium, setting a new auction record for a living female artist. The work, estimated at $12–18 million, was guaranteed and sold to a client bidding through Christie's deputy chairman Sara Friedlander; Miami collectors Don and Mera Rubell were the consignors. Other notable results included new records for Simone Leigh, Emma McIntyre, and Louis Fratino, while the top lot was Jean-Michel Basquiat's *Baby Boom* (1982) at $23.4 million. Four of 43 lots were withdrawn, and several works failed to sell, including an Ellsworth Kelly canvas with a $2 million low estimate.

by the numbers despite 70 million giacometti failure sothebys made money at modern evening sale

Sotheby's Modern art evening sale in New York generated $186.4 million in total sales after fees, but the headline was the failure of Alberto Giacometti's 1955 sculpture *Grande tête mince (Grande tête de Diego)*, estimated at $70 million, which failed to receive a single bid. Despite the high-profile flop, Sotheby's walked away with $34.4 million in buyer's premium net of fees paid to third-party backers, and because it did not guarantee the Giacometti, it faced no financial risk from the unsold lot. The top seller was Pablo Picasso's *Homme assis* (1969), which sold for $15.1 million with fees. The sale's sell-through rate was 76.9 percent, and the hammer total of $152 million fell $88.3 million below the presale low estimate.

smith partner art investment firm 11m fraud

Smith and Partner, a London-based art investment firm, has been accused of defrauding over a thousand investors out of $11 million through a scheme involving high-pressure sales of limited edition art prints with promises of future returns that rarely materialized. The company, founded by Austrian citizen Peter Paul Adam in 2015, faced complaints from 2020 onward, leading to its bank freezing accounts and an investigation by British Trading Standards. Liquidators are seeking $17 million in compensation, and a High Court judge has upheld asset freeze orders against former director Luke Sparkes and his company Zeno Fine Art, which allegedly inflated print prices by nearly 500 percent.

Maine: A Force Within American Art (1890-2026) At Farnsworth Art Museum

The Farnsworth Art Museum in Rockland, Maine, has opened a year-long exhibition titled "Maine: A Force Within American Art (1890-2026)" in honor of America's 250th anniversary. The show presents 150 works across media, highlighting the state's artistic legacy from the late 19th century to the present. It features leading modernists such as Marsden Hartley, John Marin, Charles Demuth, and Georgia O'Keeffe, who found inspiration in Maine's landscapes, as well as contemporary artists like Theresa Secord. The exhibition is curated by Jaime DeSimone and Francesca Soriano, in collaboration with multiple institutions including the Ellis-Beauregard Foundation and Skowhegan School of Painting and Sculpture.

How the Cleveland Museum of Art is using AI to draw visitors into its collection

The Cleveland Museum of Art has opened a fashion exhibition titled "Renaissance to Runway" that uses AI-generated video to animate historical garments too delicate to wear. The 2-minute, 45-second video, "Renaissance Remixed" by Francesco Carrozzini and Henry Hargreaves, shows lifelike figures in archival clothing moving through dreamlike settings, solving the problem of displaying fragile pieces without risking damage. The exhibition pairs Renaissance and Baroque artworks with modern designs from Versace, Valentino, Armani, Ferragamo, and Gucci, and is the largest of its kind at the museum.

Mei Lanfang Was Famous for His Masterful Performances as Female Leads. In the 1930s, He Introduced American Audiences to the World of Chinese Opera

Mei Lanfang Was Famous for His Masterful Performances as Female Leads. In the 1930s, He Introduced American Audiences to the World of Chinese Opera

Mei Lanfang, one of China's most celebrated Peking opera stars famed for his masterful performances of female *dan* roles, embarked on a groundbreaking seven-month tour of the United States in 1930. His performances, which introduced American audiences to the elaborate art of Chinese opera for the first time, were met with critical acclaim and packed houses, earning him honorary doctorates from American universities and adulation from both Chinese American communities and the wider public.

acquavella and nahmad contemporary billionaire jan koum

WhatsApp co-founder Jan Koum has filed a lawsuit against interior designer Remi Tessier, alleging that Tessier inflated prices and misrepresented the quality and origin of luxury goods purchased on his behalf, including several artworks. Koum hired Tessier for nine projects, including residences in the US and Europe and two superyachts. The suit claims Tessier received kickbacks on art purchases, including a $7.8 million Picasso painting, and a judge has granted discovery orders against three galleries—Acquavella Galleries, Nahmad Contemporary, and Perrotin New York—to produce records and testimony. Koum intends to use the evidence to file a criminal complaint against Tessier in France.

french art galleries struggle amid wavering art market survey reveals

A survey by market researcher Iddem, conducted among the Professional Committee of Art Galleries (CPGA), reveals that 85% of French gallery owners are pessimistic about the art sector's economic outlook in 2025. Turnover among French galleries dropped 6% in 2024, while the global art market fell 12% per the UBS Art Basel 2025 report. Philippe Charpentier, new CPGA president, told Le Monde the market has regressed to 2010 levels, with one-fifth of dealers reporting sales declines of over 20%. France also struggles to attract young collectors, unlike Asian markets where buyers average in their thirties, according to CPGA vice president Magda Danysz.

Finnish museum creates a new and radical support model for artists

Finland's largest art museum, the Espoo Museum of Modern Art (Emma), has launched a radical new artist support model under director Krist Gruijthuijsen. The program commits to four artists—P. Staff, Tarik Kiswanson, Jenna Sutela, and Eglė Budvytytė—over several years, providing financial backing through acquisitions, production support, a part-time stipend, and health insurance. It will culminate in mid-career survey exhibitions in 2029 and 2030, which the museum plans to tour with partner institutions. Three of the artists are currently showing at the Venice Biennale with Emma's support.

louvre museum emergency security measures

Nearly a month after the theft of the French crown jewels, the Louvre Museum has announced emergency security measures following a meeting of its Board of Directors, requested by French Minister of Culture Rachida Dati and chaired by museum director Laurence des Cars. The measures span four categories: security governance, site protection, police coordination, and technical/human resources. Plans include hiring a security coordinator, installing additional cameras and anti-ram devices, conducting security audits, deploying remote monitoring equipment, increasing surveillance patrols, and boosting the training budget by 20 percent. A security master plan, estimated to cost €80 million ($92 million), will be announced next month, though the eight stolen jewels remain unrecovered and four suspects are in custody.

People and places

Elisa Contemporary Art Riverdale Gallery will open a new group exhibition titled "People and places" on May 20, 2026, running through September 2. The show features works by six artists: Betty Ball, Carol Bennett, Sherry Karver, Mitch McGee, Dean Moore, and Jeffrey Palladini, with a focus on uplifting summer themes including water scenes, poolside figures, and bright yellow elements. The exhibition includes new works from Ball's Land & Sea series and introduces Sherry Karver as a new gallery artist.

(BPRW) Getty Awards $1.8M to Increase Access to Black Visual Arts Archives

The Getty Foundation has awarded $1.8 million in grants to eight institutions through its Black Visual Arts Archives initiative, a multi-year program aimed at increasing access to archival collections related to Black artists and arts organizations. The grants will support processing, digitization, and public programming at venues including Afro Charities, Auburn Avenue Research Library, Berkeley Art Museum and Pacific Film Archive, Charles H. Wright Museum, Morgan State University, South Side Community Art Center, the University of Chicago's South Side Home Movie Project, and the David C. Driskell Center. This brings Getty's total funding for the initiative to $4.5 million since 2022, supporting 20 grants nationwide.

Glasgow-based artist's explosive work earns place in major UK exhibition

Frank To, an award-winning Glasgow-based artist known for using gunpowder to create explosive artworks, has been selected to exhibit at the Royal Cambrian Academy’s 2026 Annual Exhibition in Conwy, Wales. He is one of only four Scottish artists chosen from 148 applicants. To's recent London exhibitions at the Stafford Gallery, Wimbledon, and the Mall Galleries sold out, and his collectors include actor Sir Patrick Stewart and art patron Michel Witmer, who displays To's work alongside pieces by Picasso and Warhol.

Eat Frida food off a Frida plate: Kahlo kitsch raises eye...

A major Tate Modern exhibition dedicated to Frida Kahlo and her circle opens next month in London, accompanied by a wave of commercial spin-offs including a Kahlo-inspired menu, dinner plates, a Netflix documentary, a clothing line, and an opera premiering in New York. The show, titled "Frida: The Making of an Icon," will also display over 200 souvenir objects and knick-knacks, examining Kahlo's transformation into a global brand. A new whodunnit novel by Oscar de Muriel reimagines Kahlo as a detective, and a culinary collaboration with Mexican chef Santiago Lastra will run at the Tate Modern restaurant.

Lyman Allyn Museum Director Sam Quigley to Retire

Sam Quigley, the director of the Lyman Allyn Art Museum in New London, Connecticut, has announced his retirement after 12 years at the helm. During his tenure, Quigley was instrumental in modernizing the institution by establishing the Near :: New Gallery for regional contemporary art, creating a permanent Louis Comfort Tiffany exhibition, and overseeing the development of the 12-acre Lyman Allyn Park. He also significantly bolstered the permanent collection with acquisitions by major figures such as John Singer Sargent and David Driskell.

Anthony Elms and Hamza Walker in Conversation

The Mattress Factory in Pittsburgh has announced a public conversation between its new Artistic Director, Anthony Elms, and renowned curator Hamza Walker to mark the institution's 50th anniversary. The event focuses on the evolution of artist-centered institutions and Elms's vision for the museum following his tenure as Chief Curator at the Institute of Contemporary Art at the University of Pennsylvania.

Artists agonise over when a work is finished—but should we viewers care?

The article explores the perennial struggle artists face in determining when a work is complete, a process often fraught with the risk of overworking or 'wrecking' a piece. Drawing on insights from Howard Hodgkin and David Sylvester, it examines how artists like Degas, Matisse, and Cézanne navigated the boundary between a finished object and a work-in-progress, sometimes intentionally leaving canvases 'open' or 'fragmentarily complete' to preserve their emotional and visual immediacy.

Spot the difference: Bridget Riley work enjoys new green cleaning treatment

Tate Britain has completed the first-ever cleaning of Bridget Riley’s landmark 1964 Op art painting, 'Hesitate,' using a pioneering 'green' conservation method. Developed through the international Greenart research program, the treatment utilizes specialized hydrogels that lift dirt from the surface without the mechanical pressure of traditional swab rolling. This breakthrough allows conservators to safely clean the sensitive, unvarnished polyvinyl acetate house paints Riley favored, which were previously deemed too fragile for standard restoration techniques.

Manhattan’s New Museum sets early spring date for reopening after $82m expansion

The New Museum on Manhattan's Lower East Side will reopen to the public on March 21, 2025, after a two-year closure for an $82 million expansion designed by OMA's Shohei Shigematsu and Rem Koolhaas with executive architect Cooper Robertson. The expansion adds 61,930 square feet—including 9,600 square feet of gallery space, education facilities, artists' studios, and event spaces—bringing the total footprint to 119,600 square feet. The new building will be named after the late philanthropist and curator Toby Devan Lewis. The reopening will feature site-specific commissions by Tschabalala Self, Sarah Lucas, and Klára Hosnedlová, and a building-wide thematic exhibition, 'New Humans: Memories of the Future,' with works by over 200 modern and contemporary artists.

Camille Pissarro show at Denver Art Museum is both ambitious and exhaustive

The Denver Art Museum has opened "The Honest Eye: Camille Pissarro’s Impressionism," a comprehensive retrospective of the Impressionist painter featuring over 100 works from nearly 50 international museums and private collections. Co-organized with the Museum Barberini in Potsdam, Germany, the exhibition is the first major U.S. museum survey of Pissarro in 30 years, curated by Clarisse Fava-Piz, Claire Durand-Ruel, and Nerina Santorius.

Sasha Gordon Finds Beauty and Empathy in the Shadows of the Human Mind

Sasha Gordon, a rising young artist from New York's art scene, debuted her solo exhibition "Haze" at David Zwirner's 19th Street gallery in Chelsea. The show, which drew long lines and significant attention, features hyperrealistic paintings that explore identity, memory, and the subconscious through an Asian diasporic lens. Gordon, who rose to fame during the pandemic and is co-represented by David Zwirner and Matthew Brown (Zwirner's son-in-law), discusses her evolving technique and her shift away from explicitly autobiographical work toward more open-ended, timeless figures.

An exhibition in New York City takes on censorship in the art world

Art at a Time Like This, a non-profit organization, has opened the exhibition 'Don’t Look Now' in New York City's Nolita neighborhood (October 10–25), featuring 24 contemporary artists whose work has been censored or blacklisted. Participants include Marilyn Minter, Shepard Fairey, Dread Scott, Danielle SeeWalker, and Yvonne Iten-Scott, whose pieces were removed from shows, rescinded from residencies, or targeted by officials due to political content. The exhibition responds to the Trump administration's crackdown on free speech in the culture sector, including mass layoffs at the NEA and NEH, proposed funding cuts, and canceled shows at institutions like the Smithsonian.