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paint drippings art industry news may 12 2643106 2643106

This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

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Belgium plans to revoke the museum status of Antwerp's Museum of Contemporary Art (M HKA) and transfer its 8,000-work collection to Ghent's Municipal Museum of Contemporary Art (Smak), canceling a promised $93 million new building. The proposal by Flemish culture minister Caroline Gennez has sparked resignations, legal challenges, and backlash from artists including Luc Tuymans and Anish Kapoor, who call it unlawful and a threat to cultural independence. A parliamentary hearing is expected in January 2026.

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The Gwangju Biennale has appointed Singaporean artist Ho Tzu Nyen as artistic director for its 2026 edition, marking a departure from its tradition of selecting world-renowned curators. Ho, known for his films exploring Asia's evolving identity, previously organized the 2019 Asian Art Biennale and represented Singapore at the 2011 Venice Biennale. The biennial hinted that the 2026 edition will focus on art's power to drive change, with Ho emphasizing a collaborative approach that resonates with Gwangju's legacy of democratic transformation.

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The Flemish government's plan to dissolve M HKA, a contemporary art institution in Antwerp, has been met with legal opposition after the museum initiated a legal review that claims the move would be illegal. The review, presented to the press on Tuesday with artists Luc Tuymans and Otobong Nkanga in attendance, argues that the government's proposal—which would close M HKA, transfer its collection to Ghent, and rebrand S.M.A.K. as the Flemish Museum of Contemporary and Current Art by 2028—contains "flagrant illegalities." The plan has drawn widespread condemnation from museum directors and artists, including Anish Kapoor, who demanded the removal of his work from M HKA's website.

‘It’s a dream vessel for me’: Defne Ayas appointed new director of the Van Abbemuseum

Defne Ayas has been appointed director of the Van Abbemuseum in Eindhoven, Netherlands, replacing Charles Esche, who held the post for two decades. Ayas, previously director of Kunstinstituut Melly in Rotterdam and co-curator of major biennials including the 13th Gwangju Biennale, will take over ahead of the museum's 90th anniversary in 2026. She describes the role as a "dream vessel" and emphasizes the museum's commitment to decolonization, social engagement, and accessibility.