Cash-Strapped Hong Kong Arts Hub Saved—Plus a Rundown of the Latest in Asia’s Art World
Hong Kong's financially struggling West Kowloon Cultural District, a major arts hub, has been rescued from its cash crisis. This development was part of a broader Asia art world update that also included leadership changes at Japan's Art Collaboration Kyoto and the announcement of a new art fair in Shenzhen.
The Basque regional government has formally requested a temporary loan of Pablo Picasso's 'Guernica' from Madrid's Museo Reina Sofía to the Guggenheim Museum Bilbao for a period from October 2026 to June 2027. This would mark the painting's first movement since 1992 and is timed to coincide with the 90th anniversary of the bombing of Guernica. The request faces strong opposition from the Reina Sofía, which has released a conservation report stating the monumental canvas is too fragile to travel.
A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix
Netflix has announced a new series focusing on the turbulent relationship and artistic partnership between Frida Kahlo and Diego Rivera. The project, adapted from Claire Berest's biography, will be co-directed by Mexican filmmakers Patricia Riggen and Gabriel Ripstein and aims to present the story through a specifically Mexican and feminine perspective, exploring their politics and infamous love affairs.
The 2026 IFPDA Print Fair opened at New York’s Park Avenue Armory, placing a significant spotlight on the contributions of women artists to the medium. High-profile offerings include a new release by Laura Owens from Crown Point Press, Louise Bourgeois’s "Spirals" woodcut series presented by Carolina Nitsch, and large-scale sculptural works by Joan Hall and Orit Hofshi. The fair demonstrates the technical breadth of modern printmaking, ranging from traditional woodcuts to unique, hand-embellished compositions and experimental collaborations between artists and master printers.
Rashid Johnson photographed Jay-Z for the cover of GQ's new special global issue, which features an extensive interview with the rapper and mogul. Johnson, a contemporary art star known for exploring Black male identity, was chosen for his artistic alignment with Jay-Z's career-long challenge of simplistic notions of Blackness in American culture.
Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report
The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.
MCH Group, the parent company of Art Basel, is launching a new global ideas festival called the Futurific Institute in Basel in 2028, backed by billionaires James and Kathryn Murdoch. Art Dubai has postponed its 20th edition due to regional conflict, while several galleries are opening, closing, or changing locations, including Brooke Benington in London and Timothy Taylor in New York. Additionally, Mexico is demanding eBay remove listings for pre-Columbian artifacts, and institutions like the Royal Academy of Arts and MCA Chicago are announcing key leadership changes.
The Los Angeles County Museum of Art (LACMA) is debuting a radical curatorial overhaul within its new David Geffen Galleries, moving away from traditional 19th-century departmental silos. Led by Director Michael Govan and a team of 45 curators, the museum is implementing a cross-disciplinary approach that organizes the collection around "oceanic nodes"—the Mediterranean, Atlantic, Indian, and Pacific. This strategy allows for the juxtaposition of disparate media and cultures, such as contemporary photography alongside ancient textiles, to highlight the historical circulation of ideas and people across bodies of water.
Dealers at TEFAF Maastricht Report Robust Sales, Offering Works Ranging from Two Inches to Room-Size
Dealers at the TEFAF Maastricht art fair reported strong sales, defying concerns over global unrest and geopolitical tensions that limited some collectors' travel. The fair, featuring 277 dealers from 24 countries, saw a high caliber of international collectors engaging with works ranging from monumental 18th-century sculptures to minuscule, intricately detailed pieces. First-time exhibitors and veterans alike expressed satisfaction, with one rare books dealer calling it his best year in three decades of participation.
Lily Allen's portrait, created by Spanish artist Nieves González for the cover of her album 'West End Girl,' has gone on public display at London's National Portrait Gallery. The painting, which blends Old Master techniques with contemporary fashion, was loaned to the museum by Allen herself and will be exhibited for a year.
Melvin Edwards, a pioneering sculptor known for his steel assemblages that explored Black history and experience, has died. He was the first African-American artist to have a solo exhibition at the Whitney Museum of American Art in New York in 1970. His signature series, Lynch Fragments, began in the 1960s as a response to the civil rights movement and evolved over his lifetime to incorporate references to the Vietnam War and African cultural practices.
The Contemporary Jewish Museum in San Francisco has announced plans to sell its iconic Daniel Libeskind-designed building in the Yerba Buena Gardens neighborhood. The institution has been closed to the public since December 2024, drastically reduced its staff and budget, and aims to use the sale to stabilize its finances, reduce debt, and ensure its long-term survival.
The French mega-gallery Perrotin has added sculptor Alma Allen to its roster. Allen previously caused controversy by accepting a nomination to represent the United States at the Venice Biennale under the Trump administration's State Department, a decision that led his former galleries to drop him. The article also notes other industry news, including Keisha Scarville winning the Brooklyn Museum's UOVO Prize and Marina Abramović creating an inflatable installation for New York's Balloon Museum.
Time magazine has named artist Cao Fei and photojournalist Lynsey Addario to its 2026 list of the 100 most influential people in the world. Cao Fei is recognized for her multidisciplinary work exploring digital technology and modernity, while Addario is honored for her decades of courageous reporting from global conflict zones, including her Pulitzer Prize-winning coverage of the war in Ukraine. The list also acknowledges prominent art patrons Susan and Michael Dell.
Hampshire College in Amherst, Massachusetts, has announced it will officially close following the fall 2026 semester, ending 51 years of operation. The decision follows a period of significant financial instability, including a reported $20 million debt and a failure to meet enrollment targets. The college has established agreements with regional institutions, such as Smith College and Bennington College, to allow current students to complete their degrees elsewhere.
The United States government transformed the role of the artist during the Great Depression by treating art as a vital public resource rather than a private luxury. Between 1933 and 1943, New Deal programs like the Public Works of Art Project (PWAP) commissioned hundreds of thousands of works for schools, libraries, and hospitals, providing 'plumbers' wages' to struggling creators. This federal patronage supported a generation of then-unknown figures, including Jackson Pollock, Mark Rothko, and Alice Neel, while focusing on the 'American scene' to make culture accessible to the general public.
A major exhibition at the Centre Pompidou and the Grand Palais focuses on the final, revolutionary period of Henri Matisse's career, from 1941 to 1954. The show charts his artistic reinvention following a life-threatening surgery, beginning with obsessive, reworked paintings from his Nice studio during the war and culminating in the radiant, large-scale cut-outs for which he is widely celebrated.
A new scientific study has revealed the cause of deterioration in Salvador Dalí's 1946 painting 'The Temptation of Saint Anthony.' Researchers from the Royal Museums of Fine Arts of Belgium and an international team used advanced imaging techniques to determine that the degradation, which includes areas becoming transparent or textured, is linked to the chemical interaction between a zinc white paint layer and an amber varnish layer, both materials specifically advocated by Dalí in his own artistic manual.
DePaul University has announced the permanent closure of the DePaul Art Museum (DPAM) effective June 30, citing a projected $27.4m budget deficit for 2026. Despite an open letter signed by over 3,000 students and faculty, the administration is moving forward with the shutdown of the $7.8m facility that has served as a cultural anchor since 2011. Director Laura-Caroline de Lara had successfully raised funds to keep the museum operational through the current season, but the university's leadership remains committed to the closure as part of a broader cost-cutting initiative.
Artist Theaster Gates has gifted a 19th-century ceramic vessel by the enslaved potter David Drake, known as Dave the Potter, to Drake's descendants. The gesture is part of Gates's exhibition "Dave: All My Relations" at Gagosian in New York, which also features a second Drake pot recently restituted by the Museum of Fine Arts, Boston. Gates pulverized 45 of his own ceramic works to create a plinth for the vessel, framing the act as a "poetic justice" that elevates Drake's legacy above his own.
Eden Xu-Martinez, a collector and art administration professional, has built a personal collection centered on the accessibility and intimacy of prints. Her journey into collecting was catalyzed by a lithography course at Columbia University and a profound encounter with a Louise Bourgeois print, which shifted her perspective on the medium from mere reproduction to a deeply personal form of artistic expression.
How This Cannabis CEO Brings an Edge to Art Collecting
A cannabis industry CEO is applying the aggressive, data-driven tactics of his business to the art market, building a significant collection focused on underrepresented artists. Steve DeAngelo, co-founder of Harborside Inc., leverages his company's analytical approach to identify value and emerging trends, targeting works by artists of color, women, and LGBTQ+ creators that he believes are undervalued by the traditional market.
A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.
A major painting by Jean-Michel Basquiat, titled *Portrait of the Artist as a Young Derelict*, will be auctioned at Christie’s in New York this May. The 1982 work is a prime example of the artist's raw, graffiti-infused style and is expected to fetch over $5 million. This sale is part of Christie’s marquee spring auctions, highlighting continued strong market demand for blue-chip contemporary art.
Au Guggenheim Bilbao, l’infinie poésie des sculptures aériennes de Ruth Asawa
The Guggenheim Museum Bilbao is hosting the first major European retrospective of American artist Ruth Asawa, showcasing her signature hand-woven wire sculptures. These delicate, organic forms, which challenge gravity and play with transparency, are presented in dialogue with the museum's monumental architecture. The exhibition traces her journey from a childhood spent in Japanese-American internment camps during WWII to her formative years at the legendary Black Mountain College under the mentorship of Josef Albers.
Guillaume Cerutti has been dismissed from his role as president of the Pinault Collection, the vast private art collection of French billionaire François Pinault, after only 13 months in the position. The departure is sudden and unexplained, with the 89-year-old Pinault reportedly set to assume the duties himself. Separately, a long-forgotten bicorn hat belonging to Napoleon Bonaparte has been rediscovered in storage and will be displayed at the Musée Condé in France.
Students at Dartmouth College have intensified their campaign to remove billionaire collector Leon Black’s name from the school’s visual arts center. The renewed push follows the release of Department of Justice files detailing Black’s extensive financial ties to the late sex offender Jeffrey Epstein, including $170 million in payments for tax and estate advice. While Black has denied all allegations of misconduct and his legal team maintains he was unaware of Epstein’s criminal activities, student leaders are citing the college's recent decision to strip César Chávez’s name from a fellowship as a precedent for moral accountability.
Two Renoir exhibitions at Musée d’Orsay explore the joy of human connection
The Musée d’Orsay in Paris is opening two concurrent exhibitions dedicated to Pierre-Auguste Renoir, titled 'Renoir and Love: A Joyful Modernity (1865-85)' and 'Renoir Drawings'. The shows focus on the first two decades of his career, featuring major works like 'Luncheon of the Boating Party' and rarely seen pieces from private collections, such as 'Confidence'. The exhibitions will later travel to the National Gallery in London and the Museum of Fine Arts in Boston.
Smiljan Radic Wins the Pritzker Prize, ‘Men Retire But Women Get Fired From Museum Leadership’ Says Anne Pasternak: Morning Links for March 13, 2026
Chilean architect Smiljan Radic has won the 2026 Pritzker Prize, architecture's highest honor. The award, which had been delayed due to the Pritzker family's past associations with Jeffrey Epstein, recognizes Radic's lyrical and experimental designs that embrace fragility and dialogue with natural environments, creating what the jury described as "optimistic and quietly joyful shelter."
A small non-commercial gallery in Brooklyn, Subtitled NYC, is hosting an exhibition by artists Pap Souleye Fall and Char Jeré that intentionally embraces "friction"—the slow, bumpy, and human experience—as a rejection of optimization culture in the art world. In other news, the Pentagon has reportedly banned press photographers after Defense Secretary Pete Hegseth complained about unflattering images, and over 200 artists, including Brian Eno, have petitioned the British Museum to stop altering texts related to Palestine.
The Camden Art Centre in London is hosting a significant survey of the late Guyanese-British artist Donald Locke, marking the final stop of a UK touring exhibition. Locke is celebrated for blending the formal language of minimalism and modernism with the potent symbols of Guyanese and Black American culture, effectively challenging the traditional art world's Eurocentric perspectives through his work in ceramics, painting, and sculpture.