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Sellers at the May Marquee Auctions Revealed, Bogotá’s MAMBO Museum Loses Its Director, and More: Morning Links for May 4, 2026

The spring auction season is underway, with ARTnews revealing that Jean-Michel Basquiat's 1983 painting *Museum Security (Broadway Meltdown)* is headed to Sotheby's contemporary art sale on May 14 with a $45 million estimate, consigned by Joahn Sayegh-Belchatowski. Christie's postwar and contemporary day sale includes a collection dubbed "A Matter of Seeing" from Ronald Lauder. Meanwhile, Lévy Gorvy Dayan is testing a new auction-gallery hybrid model, and British billionaire Joe Lewis plans to sell another $200 million in art at Sotheby's in June. In other news, Martha Ortiz has left the Museo de Arte Moderno de Bogotá (MAMBO) following harassment allegations, after the earlier dismissal of artistic director Eugenio Viola. The article also covers a planned Derrick Adams portrait of Koyo Kouoh in Venice, the death of cartoonist Nicole Hollander, a free-entry stunt by Maurizio Cattelan at Fondation Beyeler, a Christo installation at Gagosian London, and a report on Italian Prime Minister Giorgia Meloni's political interference in cultural institutions, including the Venice Biennale.

Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

5 Under-Recognized Artists Getting Their Due in New York This Season

The article highlights five under-recognized artists whose exhibitions are on view in New York this season, focusing on Domenico Gnoli at Lévy Gorvy Dayan and Raquel Rabinovich at Hutchinson Modern and Contemporary. Gnoli, an Italian painter who died in 1970, is known for his pallid, claustrophobic depictions of everyday subjects, while Rabinovich, who died at 102 in January 2026, created somber minimalist paintings exploring silence and withholding. The piece notes that New York galleries often use the pre-fair period to showcase less prominent artists of great promise.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

Artist Foundations’ Net Worth Has Nearly Tripled to $9 B., Led by Cy Twombly Foundation’s $1.5 B. in Art and Assets

New research from the Aspen Institute’s Artist-Endowed Foundation Initiative (AEFI) reveals that artist-endowed foundations in the U.S. now control roughly $9 billion in assets, nearly triple the $3.5 billion reported in 2011 and up 17% from $7.7 billion in 2018. The Cy Twombly Foundation leads with $1.5 billion in art and assets, followed by foundations for Alexander Calder, Joan Mitchell, Helen Frankenthaler, and Robert Rauschenberg, each holding over $500 million. The data, drawn from public tax forms, shows that just five of roughly 500 foundations account for more than half the total, with most established by postwar American artists born before 1931.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Zoe Leonard Departs Hauser & Wirth for New York’s Maxwell Graham Gallery

Zoe Leonard, a celebrated conceptual artist whose work will appear at the Venice Biennale next week, has left Hauser & Wirth—a global gallery with 14 locations—to join Maxwell Graham, a smaller New York-based gallery known for spare conceptual presentations. Leonard will continue to be represented by her longtime galleries, Cologne’s Galeria Gisela Capitain and Milan’s Raffaella Cortese. Maxwell Graham staged its first Leonard exhibition last year with “Display,” featuring photographs of historical objects in museums. Leonard is the second artist to depart Hauser & Wirth in the past year, following George Condo’s exit in November.

Advocates Try to Save Brutalist Fountain in San Francisco, José Aparicio Painting Returns to Prado Museum: Morning Links for April 30, 2026

This ARTnews Morning Links roundup covers multiple art-world stories from April 30, 2026. A new Banksy sculpture appeared in London's Waterloo Place, depicting a suited man marching off a plinth with a flag covering his face, though Banksy had not confirmed the work. Italian Culture Minister Alessandro Giuli ordered inspectors to the Venice Biennale headquarters amid intensifying scrutiny over Russia's participation, following internal emails suggesting sanctions were circumvented. Obituaries note the deaths of German 'total artist' Timm Ulrichs at 86 and Japanese sculptor Shigeo Toya at 78. A José Aparicio painting, 'The Year of the Famine in Madrid' (1818), returned to the Prado Museum after 150 years. In San Francisco, a group called Friends of the Plaza filed an appeal to block dismantling of the Vaillancourt Fountain. A feature in Cultured Magazine explores Bucharest's ambitions as a global arts hub through the Romanian Art Dealers fair.

10 Shows Around Venice Not to Miss During the Biennale

ARTnews has published a guide to 10 exhibitions in Venice worth seeing during the 2026 Biennale, beyond the central show "In Minor Keys" curated by the late Koyo Kouoh and the national pavilions. Highlights include a major survey of Lee Ufan at the San Marco Art Centre (SMAC Venice), organized by the Dia Art Foundation and curated by Jessica Morgan; "Helter Skelter: Arthur Jafa and Richard Prince" at Fondazione Prada, curated by Nancy Spector; and "Strange Rules" at Palazzo Diedo, conceived by Hans Ulrich Obrist with Mat Dryhurst and Holly Herndon, introducing the concept of "Protocol Art." Other venues include the Gallerie dell'Accademia, Pinault Collection, Berggruen Arts & Culture, Fondazione Sandretto Re Rebaudengo, and a three-night-only performance at Teatro Goldoni.

Philadelphia Is Rich With Museums and Galleries. ‘Elsewhere’ Aims to Find Out If It Can Support an Art Fair

Philadelphia gallerist Megan Galardi is launching a new art fair called Elsewhere, set to debut June 4–6 at the Yowie Hotel on South Street. The fair will feature 27 exhibitors from cities including London, New York, and Philadelphia, with seven local dealers such as Fleisher/Ollman, Blah Blah Gallery, and Fjord. Galardi, who founded Blah Blah Gallery in 2023 and has participated in small New York fairs like Spring/Break and Future Fair, designed Elsewhere as a boutique, hotel-based event that offers a lower-cost, more intimate alternative to large-scale art fairs.

Montclair Art Museum Hires Esteemed Curator Kate Kraczon After Layoffs at Brown University

The Montclair Art Museum in New Jersey has appointed Kate Kraczon as its new chief curator, effective June 15. Kraczon previously served as director of exhibitions and chief curator at the David Winton Bell Gallery at Brown University, where she was laid off in late 2024 amid a wave of cuts. She succeeds Gail Stavitsky, who held the post since 1994. The museum also recently hired Todd Caissie, an enrolled member of the Osage Nation and former director of Canada’s New Brunswick Internment Camp Museum, as its director.

Anna Zemánková Estate Joins Gladstone Gallery, Sándra Vasquez de la Horra Joins Tanya Bonakdar Gallery, and More: Industry Moves for April 29, 2026

The article reports a series of industry moves in the art world as of April 29, 2026. Key developments include Gladstone Gallery taking on the estate of Anna Zemánková, Sándra Vasquez de la Horra joining Tanya Bonakdar Gallery, Elijah Wheat Showroom opening a new location in Beacon, New York, and Mariane Ibrahim now representing Leasho Johnson. Additionally, Denniston Hill launches its 2026 residency season with 30 artists, the Minneapolis Institute of Art receives restoration funding from TEFAF, Charlie White is appointed dean of the Sam Fox School, and Jesús Hilario-Reyes and Tichacoco are named inaugural recipients of the Clemente Center’s Van Lier Fellowship. The article also notes a whistleblower claim of $3 million missing from the Palm Springs Art Museum’s investment account, and a New York Times essay by Robin Givhan on Derrick Adams.

Amy Sherald Dresses As Her Own Award-Winning Painting for Met Gala

Amy Sherald attended the 2025 Met Gala dressed as the subject of her own award-winning painting, *Miss Everything (Unsuppressed Deliverance)* (2014). The work, which won the Outwin Boochever Prize at the National Portrait Gallery and appeared on a *New Yorker* cover, depicts a young girl holding an oversized teacup. Sherald collaborated with designer Thom Browne to recreate the painting's look, including a red fascinator, as part of the gala's theme “Fashion Is Art,” which also aligns with the Costume Institute's exhibition “Costume Art.” Sherald served on the gala's committee alongside artists Anna Weyant and Tschabalala Self.

How Well Do the Met Gala’s Attendees Know Their Art History? We Critique Looks by Madonna, Hunter Schafer, and More

The article critiques nine outfits from the 2026 Met Gala, which was held under the theme 'Fashion Is Art' in conjunction with the Costume Institute's new exhibition 'Costume Art' at the Metropolitan Museum of Art. It analyzes how attendees like Hunter Schafer, Lauren Sánchez Bezos, and Kylie Jenner referenced specific artworks—such as Gustav Klimt's *Mäda Primavesi* and John Singer Sargent's *Madame X*—in their fashion choices, evaluating the success of these art-historical allusions.

Barry X Ball’s Wild Sculptures Are Perfectly at Home at Venice’s Grand Basilica of San Giorgio Maggiore

New York-based artist Barry X Ball's exhibition "The Shape of Time" has opened at the Abbey of San Giorgio Maggiore in Venice, featuring 23 sculptures centered on the elaborate silver and gold piece *Pope Saint John Paul II* (2012–24). The show, organized by curator Bob Nickas, includes many works shown publicly for the first time, such as *Pietà* (2011–22) inspired by Michelangelo and *Saint Bartholomew Flayed* (2011–20). The sculpture of John Paul II, cast in collaboration with Italian jewelry house Damiani, contains hidden references to the pope's life, including his nemeses Hitler, Stalin, and Lenin, as well as a bullet from the 1981 assassination attempt.

Metropolitan Museum of Art Announces $23M. Gift from Top 200 Collectors Jennifer Rubio and Stewart Butterfield

Jennifer Rubio and Stewart Butterfield, both listed on ARTnews's Top 200 Collectors, have pledged $23 million to the Metropolitan Museum of Art. Rubio, founder of Away, and Butterfield, co-founder of Flickr and Slack, made the donation just two months after Rubio became a Met trustee. The gift will fund the museum's internship program, ensuring all undergraduate and graduate internships are fully paid positions, building on a previous $5 million gift from Adrienne Arsht.

Timm Ulrichs, Pioneering Conceptual Artist, is Dead at 86

German conceptual artist Timm Ulrichs has died at age 86. His death on April 29 in Berlin was announced by the Kunstverein Hannover, where he was the oldest member. Ulrichs studied architecture before declaring himself a “total artist” in 1961, inspired by Kurt Schwitters. His provocative works included displaying himself as a living artwork in a glass case, running naked with a lightning rod, and spending hours inside a hollowed boulder. He also created concrete poetry, computer art, and copy art, and taught sculpture at the Kunstakademie Münster from 1972 to 2005. His work appeared in Documenta 6 and solo exhibitions at the Sprengel Museum Hannover and Kunstverein Hannover.

Whistleblower Complaint Alleges Misconduct at Palm Springs Art Museum, Where an Ex-Trustee Describes a ‘Shattered Moral Compass’

An anonymous whistleblower has filed a complaint alleging misconduct by leadership at the Palm Springs Art Museum, including improper movement of funds between accounts to address cash shortages, the forced resignation of a former director based on fabricated staff complaints, and a failure to properly interview external candidates for the director position. The complaint, forwarded to ARTnews, also references a $3 million discrepancy in the reported endowment value and the departure of several trustees, leaving the board below its required size. The museum has formed a special committee to investigate the allegations, which were first reported by the Los Angeles Times in November 2025.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

Auctioneer Kimberly Pirtle Leaves Sotheby’s to Launch Hybrid Art-Philanthropy Advisory

Kimberly Pirtle, a fast-rising auctioneer at Sotheby’s, has left the company to launch Gabriel Advisory Group, a hybrid art advisory and cultural philanthropy firm. The new practice works across primary and secondary markets, advising collectors on acquisitions while also guiding philanthropic strategy and institutional engagement, drawing on Pirtle’s experience in Sotheby’s collectors group and her work with benefit auctions for organizations including the Pratt Institute, the Bronx Museum of the Arts, the Queens Museum, and the Gordon Parks Foundation. Pirtle is also maintaining a role as a VIP consultant with Frieze.

Ken Griffin Acquires Another Copy of the US Constitution, Union Files Charges Against Kennedy Center for Layoffs, and More: Morning Links for May 5, 2026

Billionaire Ken Griffin has acquired a second original copy of the US Constitution via a private sale for an undisclosed amount, making him the owner of the only two known surviving copies in private hands. The first copy, purchased for $43.2 million in 2021, is on view at the National Constitution Center in Philadelphia, while the second will be exhibited at the South Street Seaport Museum in Manhattan starting May 27 as part of a show on American history for the country's 250th anniversary. Separately, a union for the John F. Kennedy Center for the Performing Arts has filed unfair-labor-practice charges with the National Labor Relations Board, accusing the center of unlawfully firing dozens of employees under the guise of a planned two-year closure for renovations.

See Some of the Most Outrageous, Stylish Looks at the 2026 Met Gala

The 2026 Met Gala raised $42 million for the Metropolitan Museum of Art's Costume Institute, surpassing last year's $31 million. The event, themed "Costume Art" with a dress code of "Fashion is Art," featured honorary chairs Jeff Bezos and Lauren Sánchez Bezos, whose involvement sparked protests. Co-chairs included Beyoncé, Nicole Kidman, Venus Williams, and Anna Wintour, with artists Anna Weyant, Tschabalala Self, and Amy Sherald on the host committee. The gala precedes the Costume Institute's spring exhibition, also titled "Costume Art," opening May 10.

The Met’s Costume Institute Needs an Art History Lesson

The Metropolitan Museum of Art's Costume Institute spring exhibition, "Costume Art," pairs fashion with artworks from the Met's collection, including ancient Greek statues and Andy Warhol screenprints, alongside garments by designers from Charles James to CFGNY. Curator Andrew Bolton aims to suggest that fashion can expand understanding of art, but the show's juxtapositions often feel vague and sloppy, with only occasional resonant pairings like a Jean Paul Gaultier shirt and Joe Brainard drawing linked by queer artist lineage.

Unrealized Artwork by Christo and Jeanne-Claude Will Take Over Gagosian in London

Gagosian gallery in London will present "Christo: Air," an exhibition opening May 21 and running through August 21, featuring a never-realized artwork conceived by Christo and Jeanne-Claude in 1968. The centerpiece, "Air Package on a Ceiling," was originally planned for the Institute of Contemporary Art in Philadelphia but abandoned due to technical limitations. The work, a 32-by-52-foot internally illuminated suspended form, will be installed for the first time, along with other rare pieces including "Wrapped Automobile—Volvo, Model PV-544 (1981)," which has not been shown in 30 years. Studio manager Lorenza Giovanelli discovered the original plans in 2018, two years before Christo's death.

Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

Lucas Museum Reveals First Set of Exhibitions Curated by Founder George Lucas

The Lucas Museum of Narrative Art in Los Angeles has announced its inaugural exhibitions, curated by founder George Lucas, ahead of its September opening. The initial hang will feature around 12,000 objects from the museum's collection of over 40,000, displayed across 30 galleries in the 300,000-square-foot building. Thematic galleries will highlight specific artists such as Thomas Hart Benton, Norman Rockwell, and N.C. Wyeth, as well as mediums like cinema, photography, muralism, and comics. Broader themes include "Everyday Life," "Narrative Forms," and "Western Stories."

7 Books We’re Looking Forward to in May

ARTnews has published a list of seven art books to look forward to in May 2026, covering a wide range of topics from contemporary theory and AI imagery to historical biographies and the Venice Biennale. Featured titles include Dena Yago's collected writings 'That Figures,' Victoria Johnson's biography of Frederic Church 'Glorious Country,' Trevor Paglen's 'How to See Like a Machine,' Nicholas Fox Weber's 'Anni Albers: A Life,' Massimiliano Gioni's 'High Waters: An Oral History of the Venice Biennale,' Rennie McDougall's 'Nonstop Bodies: How Dance Shaped New York City,' and Paul Elie's 'Last Supper: Art, Faith, Sex and Controversy in the 1980s.'

Buffalo AKG Art Museum Director Janne Sirén to Depart After 13 Years

Janne Sirén, director of the Buffalo AKG Art Museum in Upstate New York, will step down in October after 13 years. His tenure included a major $230 million expansion in 2023 that doubled the museum's square footage and drew a record 340,000 visitors in the following year. However, his departure follows local media reports that he used a museum loan to help finance his $710,000 home, with the Erie County Comptroller’s Office alleging he failed to repay it and that the loan may violate state nonprofit laws. The museum defended the loan as common in executive recruitment and stated it operates in full compliance with the law.

Lévy Gorvy Dayan Bets on Urgency With New LGD Hammer Sales Platform

Lévy Gorvy Dayan has launched LGD Hammer, a new sales platform that blends gallery exhibition with auction-style urgency. The first work offered is Willem de Kooning's *Milkmaid* (1984), estimated at $10–$15 million, which will be on view by appointment from May 2 until the sale on May 16. Gallery cofounder Dominique Lévy will serve as auctioneer, drawing on her Christie's experience, while bidding occurs by phone with online observation. Cofounder Brett Gorvy emphasized the platform is not a market overhaul but a response to slowed private sales and cautious collectors who still respond to competitive pressure.

London Dealer Stephen Friedman Owes $10.6 M. to Dozens of Creditors, Including Artists Deborah Roberts and Kehinde Wiley

London-based gallery Stephen Friedman has accumulated debts of approximately $10.6 million, according to official documents filed with Companies House. Creditors include Coutts & Co. bank (£3.2 million), Pentland Group Ltd. (£1.4 million), the UK tax authority, the Pollen Estate, art logistics company Crozier, and several prominent artists—Alexander Diop (£341,905), Deborah Roberts (£289,232), and Kehinde Wiley (£163,849). The gallery closed its New York space in November 2024 after just two years, then abruptly shut its London location and entered insolvency proceedings in February 2025, shortly after pulling out of Art Basel Qatar. A restructuring proposal by FRP Advisory was approved on 22 April.