Vasari Art Codex

trending_up market schedule May 1, 2026 visibility 2 link 19 artists, 3 galleries

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.

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trending_up market schedule May 1, 2026 visibility 4 link 2 artists, 1 gallery

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.

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museum exhibitions schedule May 1, 2026 visibility 1 link 15 artists, 3 galleries

The Top 10 Exhibitions to See Around the World This May

Ocula's global team of editors has curated a list of the top 10 exhibitions to see worldwide in May, highlighting diverse shows from Rio de Janeiro to New York. Featured exhibitions include Jungjin Lee's photographic works blending Icelandic landscapes and intimate objects on traditional Korean paper, a millennial-themed group show titled "Genuine Premium Fake Economy" examining precarity through artists like Jasmine Gregory and Buck Ellis, Joan Semmel's solo exhibition "Continuities" at Xavier Hufkens and Alexander Gray Associates showcasing her erotic self-portraiture at age 93, and Wynnie Mynerva's Berlin Gallery Weekend show addressing colonial violence and Andean mythology.

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gavel restitution schedule May 1, 2026 visibility 6 link 1 artist, 1 gallery

US Returns 337 Looted Objects to Italy in Repatriation Effort

The United States officially returned 337 looted antiquities to Italy at a ceremony held at La Marmora barracks in Rome. Of these, 221 objects were repatriated through the Manhattan District Attorney’s Office, while the remaining 116 were recovered on April 10, 2026, via joint efforts by the FBI, Homeland Security Investigations, the District Attorney’s Office, and Christie’s New York auction house. The objects span from the Villanovan era (900–700 BCE) to the Hellenistic period (323–31 BCE) and include a 1st-century CE marble head of Alexander the Great, a bronze sculpture from Herculaneum, and two Egyptian basalt sculptures.

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gavel restitution schedule Apr 30, 2026 visibility 3 link 2 artists

U.S. Returns Hundreds of Looted Antiquities to Italy

U.S. officials formally returned 337 looted antiquities, archival materials, and artworks to Italy during a ceremony at Rome’s La Marmora barracks. The objects, spanning from the Villanovan era (900–700 B.C.E.) through the Hellenistic period (323–31 B.C.E.), include Etruscan, Greek, Italic, and Egyptian artifacts. The repatriation was coordinated by Italy’s Carabinieri Command for the Protection of Cultural Heritage, the U.S. Federal Bureau of Investigation, the Department of Homeland Security, and the office of Manhattan District Attorney Alvin Bragg Jr. Key items include a marble head of Alexander the Great, a bronze sculpture from Herculaneum, and Egyptian basalt sculptures. Some 221 objects were recovered via the Manhattan DA, while the remaining 116 were secured with help from Christie’s.

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