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.

Basquiat's intense works on paper are at the center of his first exhibition in Denmark

Le intense opere su carta di Basquiat sono al centro della sua prima mostra in Danimarca

The Louisiana Museum of Modern Art in Humlebæk, Denmark, is hosting "Headstrong," a retrospective of 50 works on paper by Jean-Michel Basquiat, running until May 17. The exhibition focuses on Basquiat's depictions of the human head and body, created between 1981 and 1983, and first shown posthumously in 1990. It is the first solo museum presentation of Basquiat in Scandinavia, featuring loans from private collections and international museums, highlighting a lesser-known aspect of the artist's practice.

Major new Jean-Michel Basquiat collector’s book, priced at $1,400, released from Assouline.

Assouline has released a new collector's book titled "Basquiat: The World of Jean-Michel," a 348-page volume featuring over 200 artworks and archival photographs of Jean-Michel Basquiat. Priced at $1,400, the book is part of the publisher's Ultimate Collection of large-format, hand-bound volumes, and is organized thematically into six chapters covering Basquiat's depictions of heads, New York City's influence on his work, his use of silkscreens, and spiritual themes.