ken griffin global recession iran strait of hormuz 1234781281

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.

Alma Allen Speaks Out on Backlash Over U.S. Pavilion Commission: ‘A Little Stressful’

Sculptor Alma Allen has spoken out for the first time about the backlash he faced after accepting the commission to represent the United States at the Venice Biennale. In a rare interview on the podcast *Time Sensitive*, recorded at his home in Tepotzlán, Mexico, Allen described the response as “a little stressful” but said he never hesitated when curator Jeffrey Uslip invited him last fall. His selection sparked controversy because the State Department’s requirement that proposals “reflect and promote American values” while not promoting DEI initiatives led higher-profile artists like William Eggleston and Barbara Chase-Riboud to refuse. Allen’s former galleries, Mendes Wood and Olney Gleason, dropped him after he accepted, though he has since joined Perrotin. He also hinted that his exhibition, “Call Me the Breeze,” will include work about conflict and surveillance.

Here’s What LACMA’s Lavish New Building Looks Like

The Los Angeles County Museum of Art (LACMA) has finally unveiled its new flagship building, the David Geffen Galleries, designed by Pritzker Prize-winning Swiss architect Peter Zumthor. The concrete-and-glass structure famously straddles Wilshire Boulevard, featuring a continuous glass facade that offers panoramic views of the Los Angeles landscape and newly installed outdoor sculptures. Inside, the layout encourages a non-linear experience, moving visitors through varying light conditions and diverse gallery sizes that house a mix of contemporary and classical works.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

How Much Is That Chagall in the Window: Metropolitan Opera Faces Funding Crisis After Saudi Deal Collapse

The Metropolitan Opera in New York faces a $30 million deficit after a $200 million funding deal with Saudi Arabia collapsed. The Saudi government withdrew from the agreement, which would have sent Met performers to the Royal Diriyah Opera House for three weeks each February, citing economic pressures from the Iran War and the blockage of the Strait of Hormuz. To address the shortfall, the Met is considering selling two monumental Marc Chagall paintings—The Sources of Music and The Triumph of Music (1966)—valued at $55 million, along with other options like selling naming rights or seeking a similar deal with another country.

5 Standout Artists at MoMA PS1’s “Greater New York”

MoMA PS1's sixth edition of the "Greater New York" quinquennial exhibition has opened, showcasing the work of over 50 artists and collectives. The show aims to capture the current state of New York's art scene, highlighting new and ambitious work created despite challenging economic and political conditions.

American Artist and Sonya Clark among Guggenheim Fellows 2026.

The John Simon Guggenheim Memorial Foundation has announced its 101st class of Guggenheim Fellows, awarding grants to 223 individuals across 55 disciplines. Among the 30 fine artists selected for the 2026 cohort are Brooklyn-based conceptual artist American Artist, textile artist and educator Sonya Clark, and interdisciplinary artist Allison Janae Hamilton. Each fellow receives a financial stipend designed to provide the creative and intellectual freedom necessary to pursue their work without restrictive conditions.

Artists Criticize Somalia’s First-Ever Venice Biennale Pavilion: ‘This Pavilion Does Not Speak for Us’

Somalia's inaugural pavilion at the Venice Biennale has sparked significant backlash from the nation's domestic art community. Four major Somali art spaces and nine local artists issued a joint statement criticizing the pavilion for failing to include or consult artists currently living and working within Somalia. The controversy centers on the selection of three diaspora artists based in Europe and the appointment of a Venice-based co-curator, which critics argue ignores the cultural workers who have rebuilt the country's art scene under difficult conditions.

These Are the Winners of the 2026 Guggenheim Fellowship

The John Simon Guggenheim Memorial Foundation has announced its 2026 fellowship recipients, naming 223 individuals across 55 disciplines. The cohort includes 76 professionals from the visual arts, photography, and fine arts research sectors, featuring notable figures such as Sheida Soleimani, American Artist, Kenneth Tam, and Sonya Clark. This year's selection process was notably competitive, drawing 5,000 applicants—a significant increase from previous years.

A View From the Easel

New Jersey-based artist Hadieh Afshani is featured in the 334th installment of Hyperallergic's 'A View From the Easel' series, which profiles artists in their workspaces. Afshani describes her studio practice at Mana Contemporary in Jersey City, where she balances her art with caring for her baby, working around his feeding and sleeping rhythms. She emphasizes the importance of natural light, a sink for fluid processes, and the supportive community of fellow artists and mothers.

Beyond the prompt: when the medium is generative AI, the artist becomes a systemic director

Oltre il prompt: quando il medium è l’AI generativa l’artista diventa regista sistemico

The article argues that as AI-generated images become more spectacular, the role of the artist is often misunderstood as merely writing prompts. Instead, the author contends that the most significant generative artworks are systems—predetermined rule-based environments where the artist designs the conditions for images to emerge. Works like Hans Haacke's "Condensation Cube" (1963-1965) and Refik Anadol's "Unsupervised" (2022) exemplify this shift from object to process, where the artwork is the behavior or architecture itself.

Gala Porras-Kim: Future spaces replicate earlier spaces

Gala Porras-Kim presents her first exhibition at kurimanzutto in Mexico City, titled "Future spaces replicate earlier spaces," running from April 11 to June 13, 2026. The show brings together works that examine how museums and conservation institutions reclassify objects removed from their original contexts, using reconstruction and resituating to explore their spatial, material, and temporal conditions. Central to the exhibition is the installation "The motion of an alluvial record" (2024), which recreates the humid marshland atmosphere of the Yucatán Peninsula inside the gallery, contrasting with the controlled climates of museums. Other works include drawings replicating wall decorations from the Techinantitla complex in Teotihuacan, which were fragmented and sold on the black market, and graphite drawings of objects by artist Brígido Lara, whose "original interpretations" of Totonac ritual clay objects were mistakenly catalogued as Pre-Hispanic artifacts in major museums.

‘They tore up everything’: the wolf hunters of Kyrgyzstan – in pictures

Photographer Luke Oppenheimer traveled to the remote Kyrgyz village of Ottuk in 2021 for a short assignment on wolves preying on livestock, but ended up staying for four years. His project, titled 'Ottuk' and published by Aliens in Residence, documents the lives of shepherds who hunt wolves to protect their herds in the Tien Shan mountains, capturing their ancient way of life, harsh winters, and the legends that shape their community.

Gilles Bloch: "The Museum needs 1.1 billion euros"

Gilles Bloch : « Le Muséum a besoin de 1,1 milliard d’euros »

Gilles Bloch, president of the Muséum national d’histoire naturelle in Paris, has issued an urgent call for €1.1 billion in funding to address the critical state of the institution's infrastructure. Ahead of its 400th anniversary in 2026, a diagnostic report reveals that 74% of the museum's 120 buildings are in poor condition, with several galleries currently closed to the public or suffering from inadequate climate control. The requested funds would cover €500 million in emergency repairs to stabilize decaying structures and a further €600 million for long-term modernization and energy efficiency upgrades.

The Antwerp Six and the Problem of Now

A new exhibition at MoMu in Antwerp, guest-curated by Geert Bruloot, explores the enduring legacy of the 'Antwerp Six'—a group of visionary designers who graduated from the Royal Academy of Fine Arts in the 1980s. The show features dedicated rooms for members including Walter Van Beirendonck and Dirk Van Saene, showcasing their distinct aesthetics ranging from maximalist rave-wear to surrealist runway recreations. It traces their journey from a self-funded trip to a London trade fair in 1986 to becoming global icons who challenged the dominance of Parisian couture.

MIT List Visual Arts Center celebrates 40 years

MIT's List Visual Arts Center celebrated its 40th anniversary on April 10, 2026, with performances, receptions, and the opening of a new exhibition titled "Performing Conditions," which explores work, debt, and labor. Housed in the Wiesner Building designed by I. M. Pei, the museum manages public art across MIT's campus, including works by Olafur Eliasson and Sanford Biggers, and runs a Student Lending Art Program that loans about 700 works annually. An anonymous donor has launched a $1 million matching challenge grant for conservation of the public art collection.

WURUS – Light catches before form does.

Artist Caroline Gueye presents 'WURUS', a new installation for the Senegal Pavilion at the 61st Venice Biennale. Curated by Massamba Mbaye, the work is a shifting field of brass and polymer bronze elements, using mirrors and light to create an environment where perception is contingent on the viewer's movement and position. The title invokes gold, opening onto histories of extraction, but the work deliberately resists singular meaning.

Extraterrestrial Art Created During Space Observatory Residencies on View in Mouans-Sartoux

À Mouans-Sartoux s’expose l’art extra-terrestre créé lors des résidences de l’Observatoire de l’espace

The Espace de l’art concret in Mouans-Sartoux is hosting a landmark exhibition featuring "extraterrestrial" artworks created through the Observatoire de l’espace’s residency program. Since 2006, this cultural laboratory of the French National Centre for Space Studies (CNES) has invited artists like Renaud Auguste-Dormeuil, Stéphane Thidet, and Victoire Thierrée to produce works in zero-gravity environments. These creations are born aboard parabolic flights on the Airbus A310 Zero G or via stratospheric balloons, where physical laws like gravity and atmospheric pressure are suspended.

Arts Collective to Open New Arts Center in Northampton England

Arts Collective will open a new arts center in Northampton, England on May 1st, following a £5.2m renovation of the city's municipal offices and town hall annex. The complex will feature 17 artist studios, community spaces, a gallery, and "The Northampton Rooms," a series of public spaces designed by artist Giles Round as a "living work of art." The inaugural exhibition will showcase Northamptonshire-born artist Rose Finn-Kelcey.

Korea’s art market grows, but working conditions for entry-level workers do not

A 20-something intern at a small Seoul gallery, identified as Park, accepted a job paying 1.35 million won ($910) per month after taxes—below South Korea's minimum wage—because she believed early experience was essential for career advancement in the art world. The article, based on interviews with the Korea JoongAng Daily, reveals that many entry-level workers face low pay and precarious conditions, exacerbated by a severe oversupply of arts graduates (48,000 annually) versus only about 3,523 job postings per year on the industry site Art More, leading to reliance on personal connections and informal hiring.

Artist Kasper Eistrup Maps the Human Condition on Canvas

Danish artist Kasper Eistrup (b. 1973) presents his first solo exhibition in Germany, titled "Bridges Over Magma," at Galerie Schimming in Hamburg. The show features a new body of work created during a recent artist-in-residence program in Hamburg, where Eistrup drew inspiration from the city's famous bridges and his ongoing exploration of painting and drawing. The compositions blend meticulously rendered figures with architecture, flora, fauna, handwritten text, and abstract textures, exploring themes of human connection and resilience.

How Delilah Montoya’s art confronts ICE detention abuses

The Albuquerque Museum is hosting a retrospective of Chicana artist Delilah Montoya, titled "Delilah Montoya: Activating Chicana Resistance." The exhibition's centerpiece is "Detention Nation," an immersive installation created in collaboration with the Sin Huellas Artist Collective that simulates the conditions of ICE detention centers. The work features cyanotype images of detainees on prison cots, chain-link fencing, and displays of meager government-issued personal items alongside the official National Detainee Handbook.

Australian photographer wins at world photography awards with ‘barefoot volcanologist’ image

Australian photographer Elle Leontiev has been named the Open Photographer of the Year at the 2026 Sony World Photography Awards. Her winning image, titled 'Barefoot Volcanologist,' features Phillip Yamah standing on a lava bomb at Mount Yasur in Vanuatu. Leontiev captured the surreal portrait under challenging technical conditions, relying entirely on autofocus beeps after her camera screens shorted out due to volcanic activity.

Edgar Calel at Kunsthalle Bern

Edgar Calel, a Guatemalan artist born in 1987, is the subject of an exhibition at Kunsthalle Bern. His work draws on the rituals and traditions of his native Guatemala, focusing on the working conditions and environmental impact of export-oriented agricultural industries, particularly palm oil and coffee plantations that dominate the country's economy.

Exhibition | Yelena Popova, 'Moments of Grace' at Osnova gallery, Valencia, Spain

Yelena Popova's solo exhibition 'Moments of Grace' opens at Osnova gallery's new space in Valencia, Spain, marking a decade of collaboration between the artist and the gallery. The show brings together works from several of Popova's major series, including 'Painting Installations' (2012-2017), 'Evaporating Paintings', 'Post-Petrochemical Paintings', and three jacquard-woven tapestries, tracing her practice over the past fifteen years. Popova approaches each project as part of an interconnected body of work, comparing her logic to garden cultivation—a layered, cyclical process. Her cross-disciplinary research focuses on the material conditions of painting, exploring temporal transformations like evaporation, oxidation, and decay, as well as the dynamics between image, surface, and space.

Damola Adepoju Evokes Hope With ‘Light’, His Solo Exhibition

Nigerian artist Damola Adepoju has opened his third solo exhibition, titled 'Light', at Mydrim Gallery in Lagos. The show, curated by Idowu Bankole to commemorate Adepoju's 50th birthday, features 30 paintings and mixed-media works created between 2015 and the present, focusing on Lagos cityscapes and employing his signature technique of newspaper prints, acrylic, and soft gold on a grey palette.

What does a technology fair have to do with the art world? A report from MIR in Rimini

Cosa c’entra una fiera della tecnologia con il mondo dell’arte? Un report dal MIR di Rimini

The article reports from the MIR (Live Entertainment Expo) technology trade fair in Rimini, an event focused on professional audio/video equipment and systems integration. While dominated by corporate stands and live sound demonstrations, the fair also hosted discussions on the precarious working conditions and pension system for cultural and entertainment workers, revealing underlying anxieties in the creative industries.

Unlearning Optimization – with Heike Geißler

Optimierung verlernen – mit Heike Geißler

Award-winning author Heike Geißler discusses the necessity of resisting constant self-optimization and embracing despair as a response to modern labor conditions. Drawing from her experiences working in an Amazon warehouse, which inspired her book "Saisonarbeit," Geißler argues that the pressure to perform often leads to a "culture of contempt" and that acknowledging systemic failures is a vital form of resistance.

A Document in Motion: ArtWorld Passports head to the Venice Biennale.

Zimbabwean artist Richard Mudariki has created 'ArtWorld Passport,' a participatory artwork debuting at the Venice Biennale 2026. The piece functions as a social sculpture and performance, where passport holders collect stamps, signatures, and drawings from artists, exhibitions, and pavilions across the Biennale, transforming the bureaucratic tool of travel into a speculative exploration of access and authorship.

‘Apoi’ and Weaving What Remains

Ugandan artist Acaye Kerunen presents her first solo museum exhibition in Germany, titled 'Apoi,' at the Kunstmuseen Krefeld. The show, installed across the modernist spaces of Haus Lange and Haus Esters, features handwoven textiles, sculpture, sound, and film that draw on Indigenous knowledge systems and intergenerational exchange. It is part of the museum's ongoing 'HL HE Dialog: What Comes After Art' series.