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Art Basel’s Parent Company Plans New ‘Ideas Festival’—and More Art Industry News

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.

Giant Golden Toilet Sculpture Appears Near Lincoln Memorial in D.C.: ‘A Throne Fit for a King’

An anonymous artist collective known as the Secret Handshake has installed a 10-foot-tall golden toilet sculpture titled 'A Throne Fit for a King' near the Lincoln Memorial in Washington, D.C. The work is a satirical monument to former President Donald Trump's controversial renovation of the White House's Lincoln Bathroom, which he outfitted with gold fixtures during a government shutdown.

James Murdoch and Art Basel’s Parent Company Are Working on a Big Ideas Festival to Launch in 2028

James and Kathryn Murdoch, through their respective organizations Lupa Systems and Futurific, are partnering with MCH Group, the parent company of Art Basel, to create a new major festival called the Futurific Institute. The event, set to launch in Basel, Switzerland in the summer of 2028, aims to be a cross-disciplinary gathering focused on art, culture, technology, and future-oriented problem-solving, drawing comparisons to world's fairs and events like TED Talks.

Massive Cache of 42,000 Pottery Shards Reveals Daily Life in Ancient Egypt

Archaeologists from the University of Tübingen and the Egyptian Ministry of Tourism and Antiquities have unearthed a massive collection of over 42,000 inscribed pottery shards, known as ostraca, at the ancient site of Athribis. The shards, dating from the 3rd century B.C.E. to the 11th century C.E., contain tax receipts, religious texts, school exercises, and personal notes written in Demotic, Greek, Hieratic, Coptic, and Arabic scripts, offering an unprecedented window into the daily lives of ordinary people.