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.

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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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On Sunday at around 9:30 a.m., robbers broke into the Louvre's Apollo Gallery using a cherry picker and an angle grinder, stealing nine pieces of jewelry worth an estimated $102 million in less than eight minutes. ARTnews consulted security experts who noted that the theft exploited systemic vulnerabilities, pointing to a pattern of recent museum heists including the Natural History Museum in Paris, the Drents Museum in the Netherlands, and the Dresden crown jewels theft in Germany. The Louvre had previously faced staff walkouts over inadequate security staffing, and director Laurence des Cars has requested a police station be installed at the museum.

From Mother Mary to Foo Fighters: your complete entertainment guide to the week ahead

This article is a weekly entertainment guide from The Guardian, covering cinema, gigs, art, stage, streaming, games, albums, and brain food. In the art section, it highlights two exhibitions: "Handpicked: Painting Flowers from 1900 to Today" at Kettle's Yard in Cambridge, featuring artists like Henri Rousseau and Lubaina Himid; and a show of South African photographer George Hallett's work at the John Lennon School of Art and Design in Liverpool, documenting black resistance in 1970s Britain. It also mentions an open house for Lonnie Holley's new works at Edel Assanti gallery in London.

Documenta Taps an All-Women Artistic Team—and More Art Industry News

Documenta has selected an all-women artistic team for its upcoming edition, marking a historic shift for the prestigious quinquennial exhibition. In other art industry news, Sotheby's will open its new global headquarters in the Breuer Building on November 8, Christie's London will auction the collection of Danish businessman Ole Faarup in October, and Bob Ross's market has surged with record auction prices. Several galleries announced new artist representations and relocations, including François Ghebaly adding Brooklin A. Soumahoro and Latitude Gallery moving to Tribeca. The Whitney Museum made three curatorial appointments, the Harvard Art Museums acquired a Heinz Mack sculpture, and Claudia Gould was named executive director of the Shaker Museum. The Helen Frankenthaler Foundation added new board members, and Maëlle Ebelle was appointed inaugural director of the Liu Shiming Art Foundation.

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Cultured magazine profiles Houston collectors Leigh and Reggie Smith as the city's Untitled Art Fair opens. The couple, who have collected contemporary art for over 30 years, discuss their diverse collection spanning international and local artists, including works by Yinka Shonibare, Francis Picabia, and overlooked mid-century women artists. They highlight Houston's collaborative art ecosystem, public art funding, and the distinct character of its scattered venues.

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A group of British artists, frustrated by the Great Depression and inspired by socialist ideologies, founded the Artists International Association (AIA) in the early 1930s. Initially a Communist-inflected agit-prop group, it rebranded in 1935 to broaden its anti-fascist coalition, a move that sparked internal debates about ideological purity. The article, reviewing Andy Friend's book *Comrades in Art: Artists Against Fascism, 1933–1943*, highlights key episodes such as the AIA's 1940 exhibition 'The Face of Britain,' which opened amid the Blitz after bombs damaged the gallery.

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The article explores how Emily Brontë's novel *Wuthering Heights* has inspired visual artists across different eras. It details specific works by English artist Edna Clarke Hall, who created hundreds of sketches and watercolors reflecting her personal connection to the story's themes of isolation and turmoil, and by Polish-French modernist Balthus, who produced a series of ink illustrations focusing on the childhood trauma of the protagonists.

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Four previously unseen artworks by Stuart Sutcliffe, the original bassist for The Beatles, have gone on display at the Liverpool Beatles Museum. The exhibition includes a collage and a sketch from his student days at Liverpool College of Art, as well as two monochromatic lithographs created later while he was studying in Hamburg after leaving the band.

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The British Museum has organized a new exhibition titled “Ice Age Art Now,” installed at Cliffe Castle Museum in Yorkshire, England, that presents Ice Age artifacts—carved images, figurines, and engravings dating from 24,000 to 12,000 years ago—alongside more recent artworks, including a print after Goya and a charcoal sketch by Maggi Hambling. Curated by Jill Cook, the show aims to reframe these prehistoric objects as artistic expressions rather than mere archaeological curiosities, highlighting their use of line, space, and scale to capture the observed world and communicate emotion.

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Cuban-born, Miami-based artist Alejandro Piñeiro Bello arrived at the Neuendorf Residency in Mallorca with plans to use art supplies shipped from mainland Spain, but they never arrived. Undeterred, he worked with only watercolors and paper he had packed, drawing inspiration from the surrounding cliffs, sea, and plant life. The residency, housed in a minimalist building designed by John Pawson and Claudio Silvestrin and commissioned by Artnet founder Hans Neuendorf, offered him solitude to create memory-based paintings of swimmers and landscapes.

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Cultured magazine profiles a cross-section of Atlanta art collectors as the Atlanta Art Fair returns for its second edition, highlighting the city's growing art scene. The article features Esohe and George Galbreath, who discuss their collection of about 200 works focused on emerging Atlanta artists, their annual art party ARTiculate ATL, and how their tastes have evolved from figurative works responding to cultural moments to smaller pieces that allow for greater diversity.

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CULTURED magazine revisits its weekly series on top art collectors, offering a peek into the homes and collections of David Cancel, Jarl Mohn, Nancy Magoon, César and Mima Reyes, and Nicola Erni. The article highlights Cancel's journey from graffiti and Keith Haring's Pop Shop to supporting Puerto Rican and Afro-Caribbean artists, Mohn's dramatic installation of a four-ton Michael Heizer sculpture, and the Reyes' commitment to women artists and Puerto Rican cultural institutions.

Exhibition | Janet Laurence, 'Once Were Forests' at Cassandra Bird, Paris, France

Cassandra Bird Paris, supported by Zimmermann, presents 'Once Were Forests,' an immersive solo exhibition by Australian artist Janet Laurence. The show features a major installation alongside new sculptures, paintings, and photographs that explore ice, forest, and water as carriers of time, memory, and life. Soundscapes from Australian forests and birdsong deepen the sensory experience, inviting visitors into a contemplative space where ancient ecologies, present nature, and possible futures converge.

The 61st Venice Biennale: 'artists who confront difficult realities in unusual ways' at Palazzo Grassi and the Punta della Dogana

Curators Emma Lavigne and Jean-Marie Gallais have organized exhibitions for the Pinault Collection at Palazzo Grassi and Punta della Dogana during the 61st Venice Biennale, featuring artists Lorna Simpson, Paulo Nazareth, Michael Armitage, and Amar Kanwar. The shows respond to global tensions, with Nazareth using salt to trace a ghost ship referencing the slave trade, and Simpson creating nocturnal paintings and collages from Ebony and Jet magazines that explore identity and history. The exhibitions are part of the Biennale's broader global outlook, engaging with Venice's mercantile past and contemporary migration routes.

The Best Art Exhibitions to See in Miami in May

The article lists the best art exhibitions opening in Miami in May, including group shows at Voloshyn Gallery featuring musicians Brian Eno and Malibu, solo debuts at ICA Miami for Manoucher Yektai and Manuel Chavajay, a survey of Afro-Cuban art at Lowe Art Museum, a photography show at Dale Zine by Juanita Richards, and a landscape exhibition at NSU Art Museum Fort Lauderdale. Other highlights include a World Cup-themed video installation at The Bass and Japanese woodblock prints at the Morikami.

A brush with... Cliff Lauson

Cliff Lauson, a curator, participates in 'A brush with...' and shares his personal connection to art, citing Rodney Graham's self-portrait 'My Late Early Styles (Part I, The Middle Period)' as the single work he would live with. He reflects on formative cultural experiences, including working with Northwest Coast First Nations communities at the UBC Museum of Anthropology and seeing the ballet 'Tree of Codes' by Wayne McGregor with Olafur Eliasson and Jamie xx, which inspired his later collaboration on the exhibition 'Infinite Bodies'. Lauson also discusses his recurring engagement with Brian O'Doherty's book 'Inside the White Cube' and his unusual background as a curator who worked on a Star Wars film during his Clore Fellowship at Industrial Light and Magic.

15 Art Shows to See in Los Angeles This Summer

Los Angeles art institutions are presenting a diverse array of summer exhibitions, ranging from career-spanning surveys to historical reassessments. Highlights include Jeffrey Gibson's beadwork at the Broad, a survey of Barbara T. Smith's early Xerox works at the Marciano Art Foundation, a retrospective of Noah Davis at the Hammer Museum, and a group show at the California African American Museum addressing the legacy of Altadena's Black community after the Eaton Fire. Other notable shows include Nancy Buchanan's retrospective, Will Rawls at the ICA LA, Karl Haendel at the Weisman Museum, and a Jack Kirby exhibition at the Skirball Cultural Center.

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Expo Chicago opened on Thursday at Navy Pier Festival Hall, featuring 20 exhibitors from South Korea in partnership with the Galleries Association of Korea. The fair, acquired by Frieze in 2023 alongside the Armory Show, balances regional character with an increasingly international feel. In the 'Exposure' section spotlighting emerging artists, New York-based Palo Gallery devoted its booth to New Orleans artist Auudi Dorsey (b. 1992). By opening day, Dorsey's painting *Rumble* (2025), depicting a Black boxer, sold for $14,000. The work belongs to his 'Gunslinger' series, named after the Louisiana State Penitentiary's boxing team and inspired by boxer Clifford Etienne. Dorsey's booth, designed with wood-like wallpaper to evoke boxing gyms, drew praise. His recent group show at the San Francisco Museum of Modern Art, 'In The Game: Sports, Art, Culture,' and a forthcoming solo exhibition at Palo Gallery, 'Southern Whips' (opening May 15), underscore his rising profile.

Washington, D.C., Museums are Showcasing African American Art, Exhibitions Focus on Photography and the Black Arts Movement, Vivian Browne, Adam Pendleton & More

Museums across Washington, D.C., are currently presenting a robust slate of exhibitions focused on African American art, including major retrospectives, solo shows, and thematic group presentations. Notable shows include "Elizabeth Catlett: A Black Revolutionary Artist" at the National Gallery of Art, "We Gather at the Edge: Contemporary Quilts by Black Women Artists" at the Renwick Gallery, solo exhibitions for Vivian Browne and Essex Hemphill at The Phillips Collection, Chakaia Booker's "In the Tower" at the National Gallery, and Adam Pendleton's "Love, Queen" at the Hirshhorn Museum. Additionally, collectors Larry D. and Brenda A. Thompson have pledged 175 works by Black artists to the National Gallery, with over 60 on view in "With Passion and Purpose."

Activity and optimism at Expo Chicago attest to the city's 'fearless' community of collectors and patrons

Expo Chicago's 12th edition opened at Navy Pier on April 24, featuring over 170 galleries from 36 countries, with a strong South Korean contingent supported by the Galleries Association of Korea and notable participation from Canada, Latin America, and smaller US cities. Highlights include a knitted men's locker room installation by Nathan Vincent at Walter Maciel Gallery and a video project by Deborah Oropallo and Andy Rappaport at Catharine Clark Gallery, alongside a tribute to veteran gallerist Rhona Hoffman, who is closing her namesake gallery after nearly 50 years.

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On Tuesday, Gucci, CULTURED magazine, and Anna Freedman hosted a cocktail party at the Gucci Aspen boutique to celebrate the Anderson Ranch Summer Series, curated by CULTURED Editor-in-Chief Sarah Harrelson for the second consecutive year. The event honored artist Kelly Akashi and MoMA PS1 Chief Curator Ruba Katrib, who will lead upcoming conversations in the series. The boutique was transformed into an intimate salon, with guests including collectors, museum curators, and patrons mingling over champagne and hors d'oeuvres, while a violin performance set the tone for the evening.

What Works of Art Sank Aboard the Titanic?

Quelles sont les œuvres d’art englouties à bord du Titanic ?

The RMS Titanic, which sank in 1912, was carrying over 300 paintings, drawings, prints, and art objects according to its cargo manifest. The most famous artwork lost was the 1814 neoclassical painting 'La Circassienne au bain' by French artist Merry-Joseph Blondel, owned by Swedish businessman Mauritz Håkan Björnström-Steffansson, which was insured for $100,000. Also lost was the legendary 'Grand Omar,' a jewel-encrusted luxury edition of the Rubaiyat of Omar Khayyam, created by the London bindery Sangorski & Sutcliffe.

Aboriginal in the Alps: “ROOTS” at Fondation Opale

Fondation Opale in Lens, Switzerland, has unveiled "ROOTS," a major exhibition that bridges Australian Aboriginal art with Western contemporary masterpieces. Curated by Samuel Gross, the show juxtaposes works by Aboriginal artists like Keith Stevens and Clifford Possum Tjapaltjarri with global icons including Olafur Eliasson, Sheila Hicks, and Niki de Saint-Phalle. The exhibition utilizes the unique alpine setting to explore themes of materiality, ancestral territory, and the universal human creative impulse across different geographies and epochs.

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Suki Seokyeong Kang, a South Korean artist known for blending traditional Korean heritage with contemporary abstract forms, died on Sunday at age 47 (48 in Korean reckoning) after a battle with cancer. Her New York representative, Tina Kim Gallery, confirmed the cause. Kang's work spanned painting, textiles, sculpture, and installation, often incorporating postminimalist structures, craft techniques, and industrial materials. Notable series include her precarious "Grandmother Tower" sculptures and "Mountain" pieces made from curved steel and thread. She was born in Seoul in 1977, studied at Ewha Womans University and the Royal College of Art in London, and later became a professor of painting.

Lacma acquires self-portrait by long-overlooked female Old Master

The Los Angeles County Museum of Art (Lacma) has acquired 112 objects through six new acquisitions made during its 39th Collectors Committee Weekend, which raised over $2.5 million from 62 members. Highlights include a rediscovered self-portrait by Virginia Vezzi (1600-38), a long-overlooked female Old Master; works by Japanese American artists Chiura Obata, Tokio Ueyama, and Mine Okubo created during the Exclusion Era; colonial-era paintings from Mexico by Manuel de Arellano; a photographic triptych by Hiroshi Sugimoto; and the Mary Hunt Kahlenberg Collection of 101 Indonesian textiles dating to the early 15th century.

Blanc gallery celebrates 15 years in Chicago's historic centre of Black enterprise

Blanc gallery in Chicago's Bronzeville neighborhood celebrates its 15th anniversary with the exhibition 'In Retrospect' (1-29 March), featuring works from its earliest years alongside new pieces. Founded by chef Cliff Rome and real estate developer Eileen Rhodes, the gallery opened on a historic block of Black enterprise, initially showcasing artists like Olalekan Jeyifous and Amanda Williams. Over the years, it has exhibited influential Black artists, architects, and designers including Norman Teague and Faheem Majeed, while also serving as a community hub with outdoor film screenings, music, and partnerships with institutions like the Museum of Contemporary Art Chicago (MCA) and Expo Chicago.

Polar icebergs and North Devon cliffs meet with powerful new art exhibition at The Burton

Royal Academician Emma Stibbon opens a new exhibition, "Melting Ice | Rising Tides," at The Burton at Bideford on May 10. The show features monumental drawings and prints inspired by field trips to Svalbard and the Weddell Sea, alongside a five-metre-wide installation responding to erosion in Bideford Bay. It includes a film with contributions from Andy Bell, Caroline Lucas, and Dr. Dylan Rood, and a limited edition print, "Atlantic Edge" (2025), priced at £390 to support the gallery.

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An intricately carved ivory and wood grasshopper from the Age of Tutankhamun, known as the 'Guennol Grasshopper,' is set to be auctioned by Apollo Art Auctions in July with an estimate of £300,000–£500,000. Egyptian art historians, including German Egyptologist Christian Loeben, have raised concerns that the cosmetic vessel may have been stolen by British archaeologist Howard Carter, who discovered King Tutankhamen’s tomb and allegedly kept some items for his own collection. The auction house states there is no documented evidence linking the object to the tomb, and it has been cleared against the Art Loss Register, but experts like former Met director Thomas Hoving have long connected it to the pharaoh’s burial.

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New York's Spring Break Art Show has returned to its namesake season, opening alongside Frieze New York after abruptly canceling its Los Angeles edition due to January's devastating fires. Founded by artist duo Andrew Gori and Ambre Kelly, the fair is now held in a former book printing office on Varick Street, featuring offbeat emerging art and boundary-pushing installations. Roughly a third of the presentations were already planned under the theme "Paradise Lost and Found," but the accelerated timeline led to last-minute additions, with some artists joining just the night before. Standout works include Louis Sarowsky's carved stone food sculptures, Kate Rusek's zero-waste porcelain pieces molded from trash, and Colin J. Radcliffe's ceramic sculptures reimagining queer figures in classical iconography.