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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.

Back to the 90s: Tate exhibition to explore decade’s art and fashion

Tate Britain will stage a major exhibition titled "The 90s: Art and Fashion" this autumn, curated by former British Vogue editor Edward Enninful. The show will feature nearly 70 artists, photographers, and designers, including Steve McQueen, Chris Ofili, Damien Hirst, Alexander McQueen, and Tracey Emin, alongside works by Juergen Teller, Mark Leckey, and others. It will explore the decade's art, fashion, and club culture, with pieces such as McQueen's film "Bear" (1993), Ofili's Turner Prize-winning "No Woman, No Cry" (1998), and images from Manchester's Haçienda and London's Bagley's nightclubs.

Tate Britain will Exhibit ‘90s Art and Fashion, and Other News.

Tate Britain will stage "The 90s: Art and Fashion" in autumn 2026, guest curated by Edward Enninful, featuring nearly 70 artists, designers, and photographers including Steve McQueen, Damien Hirst, Alexander McQueen, and Vivienne Westwood. The exhibition explores how the decade reshaped British cultural identity through art, fashion, and social commentary, highlighting DIY anti-fashion aesthetics and themes of identity, race, class, and representation. Separately, Gagosian opened a new ground-floor flagship at 980 Madison Avenue in New York, replacing its longtime sixth-floor space after 37 years. A rare 17th-century Mughal astrolabe is heading to Sotheby's London with a £1.5–2.5 million estimate. Fondazione Sozzani launched an award for emerging creative talent. A Manhattan federal jury ordered art publisher Michael McKenzie to pay $102.2 million in damages to the Morgan Art Foundation for producing unauthorized works by Robert Indiana.

Blue-Chip Names Anchor Showplace’s Art and Design Auction

New York's Showplace is hosting its Important Fine Art and Design Auction on May 14, 2026, featuring 145 lots that span Old Masters to contemporary works. Key highlights include Yayoi Kusama's *Infinity Nets* (1995, est. $100,000–$200,000), Otis Kwame Kye Quaicoe's *Yellow Fanny Pack* (2021, est. $12,000–$18,000), Alexander Calder's *Paradis* (1976, est. $60,000–$80,000), Henri Martin's *L'Eglise de Labastide-du-Vert* (est. $60,000–$80,000), and Milton Avery's *Untitled (Winter Landscape Scene)* (est. $20,000–$40,000). The auction brings together blue-chip names like Warhol, Kusama, and Calder alongside emerging artists.

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.

From YBAs to McQueen: Tate Britain’s New Exhibition Reframes the Creative Explosion of the 1990s

Tate Britain has announced a major new exhibition, *The 90s: Art and Fashion*, opening in autumn 2026, which will be the first to examine the intersection of contemporary art, photography, and fashion during the 1990s in Britain. Featuring over 100 works by nearly 70 artists, photographers, and designers—including Sarah Lucas, Alexander McQueen, Tracey Emin, and Steve McQueen—the show explores the decade's raw experimentation, anti-establishment energy, and the rise of the Young British Artists. Curated with input from Edward Enninful, the exhibition also highlights subcultures, nightlife, and the work of figures who challenged dominant narratives around race, identity, and class.

Alexander Calder Thought 'It Would Be Fun' to Set Abstract Art in Motion. His Mesmerizing Mobiles Transformed the Definition of Sculpture

A major exhibition titled "Calder: Dreaming in Equilibrium" has opened at the Fondation Louis Vuitton in Paris, showcasing 300 works by Alexander Calder, including his pioneering mobiles, stabiles, paintings, drawings, and wire portraits. The show marks 100 years since the artist's arrival in France in 1926 and 50 years since his death in 1976. It features iconic pieces such as the 19-foot-long mobile *Triumphant Red* (1963) and his earliest known kinetic sculpture—a brass duck from 1909—alongside works by contemporaries like Barbara Hepworth, Pablo Picasso, and Paul Klee, as well as photographs by Man Ray, Agnès Varda, and Gordon Parks.

'You Must Change Your Life' at GRIMM, New York, United States on 26 Jun–7 Aug 2026

GRIMM gallery in New York presents "You Must Change Your Life," a group exhibition curated by Tom Morton, running from June 26 to August 7, 2026. The show features an international roster of painters and sculptors including Alexander Tovborg, Elinor Stanley, Sophie Ruigrok, Sara Rossberg, Jhonatan Pulido, Ken Kiff, Matthew Day Jackson, Ted Gahl, Gabriella Boyd, Anderson Borba, Kinga Bartis, Mahesh Baliga, and Charles Avery. The exhibition takes its title from the final line of Rainer Maria Rilke's poem "Archaic Torso of Apollo" (1918), exploring themes of how the past speaks to the present, the animation of materials, the fragment as synecdoche, and the transformative power of visual contemplation.

EU imposes sanctions on Mikhail Piotrovsky, director of Russia's State Hermitage Museum

The European Union has imposed sanctions on Mikhail Piotrovsky, the director of Russia's State Hermitage Museum, as part of its 20th sanctions package adopted on 23 April. Piotrovsky, a vocal supporter of Russia's full-scale invasion of Ukraine, is cited for being a close associate of Vladimir Putin and for actively supporting the war, including justifying Russian cultural policies that incorporate Ukrainian museum items into Russia's State Museum Fund and enabling unauthorized archaeological excavations in occupied Crimea. The sanctions also target three other cultural officials involved in the Crimean digs. Meanwhile, Hermitage archaeologist Alexander Butyagin, arrested in Poland in December 2025 at Ukraine's request, was released in a prisoner exchange on 28 April.

‘The doorbell went at 5am. Six masked men were outside’: Belarus Free Theatre bring totalitarian terror to the Venice Biennale

Belarus Free Theatre (BFT), an exiled troupe based in London, is presenting its first major visual art project, titled 'Official. Unofficial. Belarus.', at the Venice Biennale. The installation, masterminded by the founders' daughter Daniella Kaliada, features contributions from former political prisoners, painters, sculptors, composers, and world-renowned chef Rasmus Munk, who created a dish evoking detention under an authoritarian regime. The work includes a giant ball of banned books, surveillance cameras attached to an iron crucifix, and a custom scent of a freshly dug grave, all reflecting the terror of life under Belarusian dictator Alexander Lukashenko.

Treasures from the worlds of fashion and art collide at an extraordinary new exhibition in Lisbon

A new exhibition titled 'Art & Fashion' has opened at Lisbon's Calouste Gulbenkian Museum, curated by Eloy Martínez de la Pera Celada. It juxtaposes masterpieces from the museum's permanent collection—spanning ancient Egyptian artifacts to Rembrandt and Impressionist works—with historic and contemporary fashion pieces, including garments from Charles Frederick Worth, Yohji Yamamoto, Dries Van Noten, Alexander McQueen, and Sarah Burton's debut at Givenchy. The show is organized by regional provenance and temporarily replaces the museum's usual display while its Brutalist building undergoes renovation.

A Theatre Group of Exiled Belarusian Artists Arrive in Venice, With an Exhibition That Shows What Repression Feels Like

The Belarus Free Theatre, an exiled underground theater group, will stage its first official collateral exhibition at the 61st Venice Biennale, titled “Official. Unofficial. Belarus.” The show, held in the historic La Chiesa di San Giovanni Evangelista di Venezia, features site-specific paintings, a sound installation, and large-scale sculptures that aim to immerse visitors in the experience of repression under authoritarian rule. This marks only the fifth time Belarus has been present at the Biennale, and the first time it appears not as a state but as a self-governing cultural body, challenging the official narratives of nations like Russia.

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.

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.

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.

John Bellany exhibition in Haddington shines spotlight on his unknown work

A major exhibition of rarely seen works by Scottish painter John Bellany has opened at the John Gray Centre in Haddington, East Lothian. Curated by his widow Helen Bellany and Alexander Moffat RSA, the show features early and lesser-known pieces, many never publicly displayed before. It runs until September 19 as part of the Royal Scottish Academy's RSA200: Celebrating Together project, marking the RSA's 200th anniversary. Loans come from the Bellany estate, Alexander Moffat's private collection, East Lothian Council Museums Service, and the Royal Scottish Academy.

The Vatican brings Hildegard of Bingen to the Biennale. "The ear is the eye of the soul", by Brian Eno and Patti Smith

The Holy See Pavilion at the 61st Venice Biennale, titled "The Ear is the Eye of the Soul," centers on the 12th-century Benedictine abbess and visionary Hildegard of Bingen. Curated by Hans Ulrich Obrist and Ben Vickers in collaboration with Soundwalk Collective, the pavilion spans two Venetian venues—the Mystical Garden of the Discalced Carmelites and the Complesso di Santa Maria Ausiliatrice—and features new sound works by 24 artists, musicians, and poets including Brian Eno, Patti Smith, FKA Twigs, Meredith Monk, and Jim Jarmusch. The title is borrowed from the final work of German director Alexander Kluge, who died in March 2026, and his monumental film installation forms a core part of the exhibition.

337 œuvres et objets volés récupérés : la vaste opération italienne de lutte contre le trafic de biens culturels aux États-Unis

On April 29, Italy's carabinieri dedicated to cultural heritage protection announced the recovery of 337 looted or stolen artworks and objects repatriated from the United States between December 2025 and April 2026. The haul includes archaeological artifacts, archival documents, and other artworks, such as a marble head of Alexander the Great from the 1st century AD, a bronze sculpture stolen from Herculaneum, and two Egyptian basalt sculptures. The objects were dispersed through international markets using forged provenance documents, and their return involved U.S. agencies including the FBI.