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Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.

How Josh Kline Wrote the Essay That the Art World Can’t Stop Talking About

Artist Josh Kline has sparked intense debate across the New York art world with his viral essay, "New York Real Estate and the Ruin of American Art," published in the journal October. The text serves as a scathing critique of the current state of the American art industry, diagnosing it as "sick" due to skyrocketing real estate costs, systemic power imbalances, and a market that has become an unsustainable "conveyor belt" of commercial painting. Kline argues that the economic pressures of post-pandemic New York have made the city a hostile environment for experimental and conceptual practices.

14 Must-See Museum Shows in New York This Spring

New York museums are launching a significant slate of spring exhibitions, featuring major retrospectives and thematic surveys. Highlights include "Noguchi's New York" at the Noguchi Museum, exploring the sculptor's unrealized urban projects; "Raphael: Sublime Poetry" at the Metropolitan Museum of Art, a comprehensive look at the Renaissance master; and "Gothic by Design: The Dawn of Architectural Draftsmanship," also at the Met, focusing on medieval architectural drawings.

Are We Too Reverent of Marcel Duchamp?

The Museum of Modern Art has launched a major retrospective of Marcel Duchamp, co-organized with the Philadelphia Museum of Art. The exhibition tracks the artist's evolution from his early Cubist experiments and the scandal of 'Nude Descending a Staircase' to his radical invention of the readymade, exemplified by the infamous urinal, 'Fountain'. The show presents a comprehensive look at 'The Duch' through a reverential, church-like atmosphere, concluding with his later years as a dapper, enigmatic figure of the avant-garde.

Megamurals, Guerrilla Girls and something rotten in the Oval Office – the week in art

The Guardian's weekly art roundup highlights several exhibitions, including Wilhelm Sasnal's politically charged paintings at Sadie Coles HQ in London, a Joan Eardley retrospective in Edinburgh, and a Guerrilla Girls show in East Sussex. It also reports on Art UK's digitization of over 6,700 UK murals, the theft of Impressionist paintings from an Italian museum, and the discovery of a stolen ancient gold helmet.

A Dutch museum has just put its fake Van Gogh on show

The Kröller-Müller Museum in Otterlo has broken traditional museum protocol by placing a known forgery, "Seascape at Saintes-Maries-de-la-Mer," on public display. Acquired in 1928 by museum founder Helene Kröller-Müller from the notorious Berlin dealer Otto Wacker, the painting was eventually exposed as a fake created by Wacker’s brother, Leonhard. The exhibition, which runs until June 21, coincides with a new podcast detailing the history of the acquisition and the subsequent fraud trial that rocked the art world in the 1930s.

Jasper Johns Marks Time

The art world is currently reflecting on the enduring legacy of Jasper Johns, highlighted by a new Gagosian exhibition focusing on his 1970s output. Critic John Yau explores Johns's career-long fascination with materiality and the inevitable decay of art, noting how the artist uses newsprint and wax to acknowledge that nothing remains static in time.

Petal passion, super-surreal Polaroids and Billy Childish’s California – the week in art

This week’s art roundup highlights several major exhibitions across the UK, including a floral-themed survey at Kettle’s Yard featuring artists from Henri Rousseau to Lubaina Himid. Other notable openings include Billy Childish’s expressionistic California desert paintings at Carl Freedman Gallery, Katharina Grosse’s site-specific installations at White Cube, and Steve McQueen’s new photography book, 'Bounty', which explores the colonial history of Grenada through its flora.

‘It was life-changing’: the celebrated art historian who spent 46 years sitting for Frank Auerbach

Art historian and curator Catherine Lampert is the subject of a career-spanning profile following the opening of her latest exhibition, 'Euan Uglow: An Arc from the Eye,' at MK Gallery. The article details her deep personal and professional relationships with giants of British figurative painting, including Lucian Freud, Frank Auerbach, and Euan Uglow. Lampert, who served as the director of the Whitechapel Gallery for over a decade, continues to be a prolific force in the art world, recently co-authoring Freud’s catalogue raisonné and curating major retrospectives.

For Italy’s Art Pioneer, a New Bronze Age

Giuseppe Penone, a leading figure of the Arte Povera movement, is preparing a major exhibition at Gagosian gallery in New York. The show will feature new bronze sculptures that continue his lifelong exploration of nature, form, and the human body, created in collaboration with curator Adam Weinberg, the former director of the Whitney Museum of American Art.

The Turner Prize Has Revealed Its 2026 Nominees—and Already Courted Controversy

The Turner Prize has announced its 2026 nominees: Simon Barclay, Kira Freije, Marguerite Humeau, and Tanoa Sasraku. The award, administered by Tate Britain, includes a £25,000 prize for the winner. For the first time, the nominees' exhibition will be held at Teesside University's Middlesbrough Institute of Modern Art, an academic setting. The selection has already drawn criticism for being tame and safe, with Guardian critic Eddy Frankel describing the prize as "timid" and "fearful." Tate Britain director Alex Farquharson defended the nominees, praising the diversity and sculptural focus of their work.

James Hayward, West Coast Painter with a Cult Following, Dies at 82

James Hayward, a West Coast painter known for his thickly applied monochrome abstractions, died on April 16 at the age of 82. His work, which developed a dedicated following among fellow artists, was characterized by a deliberate, eccentric process that set it apart from other minimalist painting of his era.

Non-European artists are sorely under-represented in Paris galleries; Spanish minister officially rejects Guernica loan request by Basque government

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A new study by curator Louise Thurin and 193 Gallery founder César Lévy reveals significant demographic imbalances in Paris's commercial art scene. While female representation has tripled over the last decade to nearly 35%, artists born outside of Europe and North America remain marginalized, accounting for less than 15% of gallery rosters combined. Additionally, Spain’s Culture Minister Ernest Urtasun has officially denied a request to loan Pablo Picasso’s 'Guernica' to the Guggenheim Museum Bilbao, citing the masterpiece's extreme fragility and the need to follow conservation expert advice.

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Spanish political leaders are embroiled in a heated dispute following a formal request from the Basque regional government to loan Pablo Picasso’s 'Guernica' to the Guggenheim Museum Bilbao for its 90th anniversary. Officials in Madrid have dismissed the request as provincial, while Basque leaders argue for the work's return to the region it depicts; meanwhile, the Museo Reina Sofía maintains its long-standing policy against moving the fragile masterpiece.

Two Growing London Galleries Launch Second Spaces—and More Art Industry News

The art world is seeing a wave of institutional shifts and physical expansions, headlined by the appointment of Melissa Chiu as the new director of the Guggenheim Museum in New York. In London, galleries Edel Assanti and Emalin are both expanding their footprints with new locations, while the National Gallery has selected Kengo Kuma for a massive £350 million extension project. Meanwhile, the European Commission has threatened to pull €2 million in funding from the Venice Biennale unless it reverses its stance on Russian participation.

Seoul Gets an Intriguing New Art Fair—Plus, a Rundown of the Latest in Asia’s Art World

The Asian art landscape is undergoing significant shifts, headlined by the launch of Hive Art Fair in Seoul, which introduces a fee-free booth model focused on B2B corporate collaborations. Major institutional moves include the appointment of Melissa Chiu as the new director of the Guggenheim Museum and the opening of the Black Gold Museum in Riyadh. Meanwhile, the Hong Kong Museum of History has reopened with a controversial thematic revamp that emphasizes Chinese heritage over colonial history.

The Philosopher Who Predicted Our Post-Literate Art Moment

Art critic Martha Schwendener has released a new book titled 'The Society of the Screen: Vilém Flusser’s Radical Prescience,' exploring the prophetic theories of the late philosopher Vilém Flusser. Flusser, a Prague-born thinker who lived in Brazil and Europe, argued in the 1980s that society was transitioning from a text-based culture to one dominated by 'technical images,' a shift he believed would fundamentally alter human consciousness and the function of the 'apparatus' in daily life.

What Is a "Post-Duchamp" Art World?

Scholar Thierry de Duve discusses the legacy of Marcel Duchamp in conjunction with a new exhibition at the Museum of Modern Art (MoMA) featuring seven of the artist’s “boîtes-en-valise.” These portable miniature museums, created decades before Duchamp’s first formal retrospective, are framed as evidence of his genius in anticipating the institutional logic of the modern museum. The conversation explores how Duchamp’s provocative works, such as the readymade "Fountain," fundamentally altered the trajectory of art history and defined the "post-Duchamp" era.

Readymades, replicas, reiterations: MoMA show explores Marcel Duchamp the inventor

The Museum of Modern Art (MoMA) in New York is launching the first major U.S. survey of Marcel Duchamp in over 50 years, organized in collaboration with the Philadelphia Museum of Art. The exhibition features approximately 300 works, including iconic pieces like "Nude Descending a Staircase, No. 2" and "Fountain," organized in a strict linear chronology. This approach highlights Duchamp’s practice of remaking and replicating his own work, presenting replicas only at the point in time they were physically created rather than as stand-ins for lost originals.

From You, Me & Tuscany to Euphoria: your complete entertainment guide to the week ahead

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.

A Launchpad for the Future

"Eine Startrampe für die Zukunft"

The article is a media roundup covering several stories from the art world. It includes an interview with Jeff Koons discussing his artistic process and philosophy, a portrait of artist Jorinde Voigt, a report on the robust Art Düsseldorf fair, a news piece about two valuable Gerhard Richter paintings on loan to a museum, and a review of the new LACMA building's non-linear curatorial approach.

Saudis Renege on Met Opera Financial Aid, Berlin’s Culture Senator Resigns, and More: Morning Links for April 24, 2026

The Metropolitan Opera has announced that Saudi Arabia reneged on a noncommittal memorandum of understanding that would have provided up to $200 million over eight years to the cash-strapped New York institution. Met general manager Peter Gelb said the Saudis blamed the war in Iran and the blocked Strait of Hormuz, but funding had already failed to materialize before the conflict, prompting preemptive layoffs in January. Separately, Berlin culture senator Sarah Wedl-Wilson resigned after a state audit found she illegally authorized €2.6 million for 13 projects meant to combat antisemitism, violating budget regulations. Other news includes President Trump's plan to renovate the Lincoln Memorial reflecting pool, Ontario increasing support for the Art Gallery of Ontario and Royal Ontario Museum, Rome's new photography museum, and the appointment of Thiago de Paula Souza as curator of the eighth Athens Biennale.

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Artist Camille Henrot has premiered her first new film in nearly a decade, titled "In the Veins" (2026), at the newly reopened New Museum in New York. The 35-minute work, which is featured in the exhibition "New Humans," explores the intersection of domestic caretaking and the global climate crisis. Through Henrot's signature associative editing style, the film juxtaposes scenes of children growing up with footage from wildlife rehabilitation centers, highlighting the cognitive dissonance of raising children surrounded by animal imagery while facing mass extinction.

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Meg Molloy, founder of the Working Arts Club, discusses the systemic barriers facing working-class professionals in the art world. Launched last year, the independent network provides social and professional support for arts workers from lower socioeconomic backgrounds, a demographic often excluded by the industry's reliance on unpaid internships, low entry-level salaries, and expensive urban hubs like London.

Marcel Duchamp at MoMA, Dorothea Tanning book, Leonora Carrington at the Freud Museum, London—podcast

The Museum of Modern Art in New York is launching the first major U.S. survey of Marcel Duchamp’s entire career in over fifty years, a landmark exhibition that will later travel to Philadelphia. Accompanying this resurgence of interest in avant-garde pioneers are two significant projects focused on women of the Surrealist movement: the publication of Alyce Mahon’s comprehensive new book on Dorothea Tanning and a specialized exhibition at London’s Freud Museum featuring Leonora Carrington’s 1940 painting 'Down Below'.

Remembering Glen Baxter, Pat Steir, Melvin Edwards

The art world mourns the recent deaths of several significant figures. British absurdist cartoonist Glen Baxter, known for his work in The New Yorker and exhibitions at Flowers Gallery, has died. American sculptor Melvin Edwards, renowned for his welded steel Lynch Fragments addressing racist violence, and pioneering feminist painter Pat Steir, celebrated for her conceptual, process-based works, have also passed. The article additionally notes the deaths of Lebanese painter Ali Sbeity, killed in an airstrike; Mexican folk artist Josefina Aguilar; British heritage leader Neil Cossons; British painter Charles Debenham; and Cypriot painter Andreas Karayian.

Event: Hammad Nasar and Billy Tang, Off the Record

ArtReview and Ursula magazine have announced a collaborative talk featuring curators Hammad Nasar and Billy Tang as part of their "Off the Record" series in London. The event, held at the Farm Shop in Mayfair, is designed as an intimate, live conversation focused on the working methods and inspirations of creative visionaries. Nasar, a veteran curator and MBE recipient, will join Tang, the Artistic Director of the new Yan Du Project, to discuss their respective practices and the evolution of creative thinking.

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Joseph Beuys remains one of the most polarizing figures in 20th-century art, a former Nazi soldier who reinvented himself as a shamanic healer and a founding member of the Green Party. A new monographic study by art historian Daniel Spaulding, 'Joseph Beuys and History', re-evaluates the artist's legacy by confronting his refusal to apologize for his wartime past and his use of ambiguous materials like fat and felt. Spaulding argues that Beuys’s work should be read through the lens of 'bad faith,' where his utopian slogans masked a deep, unresolved engagement with the horrors of the Holocaust.

Gallery Not Paying? Call Kenny Schachter’s Kollection Agency. He Gets Results!

Art world provocateur Kenny Schachter addresses the current climate of anxiety within the industry, touching on everything from the existential threats of advanced AI tools like Anthropic’s Mythos to the 'doomster' narratives of market analysts. Amidst reports of dwindling demand and galleries struggling with non-paying clients, Schachter highlights the enduring value of historical works, such as a 1799 Goya etching, while dismissing claims that screens are replacing physical art in the home.

Can Art Feel?

Hyperallergic's newsletter explores the question of whether artworks can possess personhood, drawing on Lisa Siraganian's essay that references the 2010 Citizens United Supreme Court decision and Pierre Huyghe's uncanny human statues. Other featured pieces include Ed Simon's review of Elizabeth Goldring's new book on Hans Holbein the Younger, Michael Glover's introduction to George Stubbs's equine portraits at the National Gallery in London, and news of a historic $116M gift to the National Gallery of Art for an artwork lending program. The newsletter also covers Byron Kim's exhibition at James Cohan Gallery, the new V&A East museum in London, and obituaries for Desmond Morris, James Hayward, and Flo Oy Wong.