Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

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Art Basel has announced the lineup for its 2026 flagship fair in Switzerland, featuring 290 exhibitors from 42 countries. The upcoming edition, scheduled for June, includes 21 first-time participants and an expanded Premiere sector, with Ruba Katrib curating the Unlimited section for large-scale works. Simultaneously, the art world mourns the passing of Dóra Maurer, a central figure of the Hungarian neo-avant-garde known for her multidisciplinary approach to seriality and movement.

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Frieze Los Angeles 2026 opened amid concerns over the city's cooling art market, following a wave of gallery closures and a shift toward nomadic dealer models. Despite the economic downturn and the lingering shadow of previous regional fires, the fair week saw a resurgence of energy with 32,000 attendees and significant blue-chip sales, including a $3.75 million Ed Ruscha at Gagosian and a $2.8 million Njideka Akunyili Crosby at David Zwirner. The week was characterized by a mix of high-end commerce at the Santa Monica Airport and grassroots vitality at satellite events like Felix and the newly launched Post-Fair.

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Artnet News staff reflects on the most impactful stories of 2025, covering a wide range of topics from institutional shifts and devastating wildfires to market sensations and conceptual art. Key pieces include Ben Davis's analysis of the art world's 'post-woke' turn, Sarah Cascone's report on Los Angeles artists losing homes in the Eaton Fire, Katya Kazakina's tale of a David Hockney painting yielding a 7,000 percent return at Christie's, Andrew Russeth's coverage of Richard Prince's seven-hour deposition video, Kate Brown's profile of Friedrich Kunath, and Annie Armstrong's introduction of the 'red-chip' art market driven by hype and crypto.

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Art Basel 2025 opened in Basel with VIP previews, featuring a mix of high-priced works like Félix González-Torres's $16 million performance piece and Yu Nishimura's fresh-to-market triptych at €375,000. The fair adapts to a shifting market with lower price points, faster decisions, and new sectors like Premiere for ultra-contemporary art, alongside global expansion including a new fair in Doha. Satellite events like Liste and the Basel Social Club offer alternative experiences, while curated booths, such as Gagosian's 30th-anniversary presentation, blend curatorial idealism with the fair format.

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Artnet News editors and journalists compiled their annual roundup of the best artworks seen in 2025, highlighting standout pieces from around the world. Among the featured works are Richard Serra's monumental steel sculpture "East-West/West-East" (2014) in the Qatari desert, Emma Ferrer's painting "You Will Return the Evil to Its Steppe (Homage to Josefa de Óbidos)" (2024) shown at New York's Sapar Contemporary, and Kerry James Marshall's "The White Queens of Africa: Colette" (2025) from his retrospective at the Royal Academy of Art. Each artwork is accompanied by a personal reflection from the journalist who encountered it.

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

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Christopher Kulendran Thomas, an artist who has been building his own neural networks for over a decade, is showing new paintings and a video installation at Gagosian's Upper East Side location, with concurrent exhibitions at the Museum of Modern Art and upcoming at the New Museum. His series 'Peace Core' uses AI trained on Sri Lankan painters to generate compositions that are hand-painted onto canvas, depicting Mullivaikkal beach—the site of a 2009 massacre of Tamil civilians during the Sri Lankan civil war. The Gagosian show also features a 24-screen video installation that algorithmically remixes American TV footage from the morning of September 11, 2001, before the attacks became visible.

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Bolding Gallery, co-directed by Esme Blair and Sam Lincoln, has carved a niche in London's art scene over the past nine months by staging exhibitions in overlooked architectural spaces. Since its launch in December 2024, the gallery has held nine shows across two venues, featuring 15 artists and prioritizing experimental performance and research-driven practices. Meanwhile, Artnet reports optimism for art fairs in Japan and South Korea, noting that Japan's art auction sales declined only 19% in 2024 to $149.8 million—better than the global 27.3% drop—with a 73.9% sell-through rate, the highest in a decade. Rising artist Yu Nishimura saw his auction total surge from $272,264 to over $2.25 million in 2025.

Montclair Art Museum Hires Esteemed Curator Kate Kraczon After Layoffs at Brown University

The Montclair Art Museum in New Jersey has appointed Kate Kraczon as its new chief curator, effective June 15. Kraczon previously served as director of exhibitions and chief curator at the David Winton Bell Gallery at Brown University, where she was laid off in late 2024 amid a wave of cuts. She succeeds Gail Stavitsky, who held the post since 1994. The museum also recently hired Todd Caissie, an enrolled member of the Osage Nation and former director of Canada’s New Brunswick Internment Camp Museum, as its director.

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The 2026 Winter Olympics are set to begin in Milan, Italy, with an opening ceremony featuring Mariah Carey at San Siro Stadium. While most events take place across northern Italy, the article provides a guide to Milan's top museums and galleries for art-loving visitors during the three-week games. Highlights include exhibitions at Fondazione Prada (with works by Mona Hatoum and Hito Steyerl), Pirelli HangarBicocca (Nan Goldin's "This Will Not End Well" and Benni Bosetto's "Rebecca"), Pinacoteca di Brera (Italian masterpieces plus Giorgio Armani garments), and Museo del Novecento (sports-themed posters by Armando Testa). Several commercial galleries also feature solo shows by artists such as Emily Sunblad, Claudia Losi, and Jonathan Lyndon Chase.

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A long-unseen 12-foot-wide painting by Martin Wong, titled *Tai Ping Tien Kuo (Tai Ping Kuo)* (1982), will be exhibited at Art Basel Miami Beach next month courtesy of New York gallery P.P.O.W. The work, which features a rare nude portrait of the artist’s mother and stepfather, was last shown publicly in 1987 at the Asian Arts Institute in New York. It was kept in storage for decades because Wong’s mother, Florence Wong Fie, objected to its display out of modesty. The painting adopts a classical three-panel altarpiece format, blending Chinese American history with references to Western art, the Taiping Rebellion, and Wong’s own Lower East Side influences.

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On November 11, the Paul Taylor Dance Foundation will honor painter Alex Katz at Lincoln Center’s David H. Koch Theater, celebrating a decades-long creative partnership between Katz and the late choreographer Paul Taylor. The collaboration began in 1960 when poet Edwin Denby introduced them for a commission at the Spoleto Festival, leading to 16 works together including "Meridian," "Scudorama," "Private Domain," "Diggity," and "Sunset." At the gala, the company will perform "Sunset," which Katz conceived after observing soldiers in Madrid’s Retiro Park. Katz is also showing new paintings at Gladstone Gallery in New York, while the Museum of Contemporary Art San Diego hosts "Alex Katz: Theater and Dance," the first major survey of his stage work.

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Adam Levine, director and CEO of the Toledo Museum of Art, has transformed the Ohio institution into a model for digital adaptation. Over five years, he grew the operating budget from $15 million to $23 million, expanded the endowment by $90 million, and launched TMA Labs, an in-house consultancy focused on data, Web3, AI, and emerging technologies. The museum has acquired digital artworks including NFTs and digital numismatics, established a digital artist-in-residence program, and opened the exhibition "Infinite Images," which traces the history of computer and digital art. Levine, one of the youngest museum directors in the U.S. at 38, discussed these initiatives in an interview with ARTnews.

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Sotheby's will sell ten works from the Matthew and Carolyn Bucksbaum collection in its fall auctions, with six pieces by René Magritte, Jean Dubuffet, Salvador Dalí, Joan Miró, and Paul Klee featured in the Modern Evening auction on November 20. The group of six works carries a total estimate of $18 million to $24 million, led by Magritte's *Le Jockey perdu* (1942) at $9–12 million and Dubuffet's *Restaurant Rougeot II* (1961) at $6–8 million. Sotheby's executives Julian Dawes and Grégoire Billault emphasized the rarity and importance of these works, noting that the Magritte is the only oil version of its subject and the Dubuffet is one of just three paintings of the iconic Paris restaurant.

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A group of 50 artists and cultural figures has sent a letter to Judy Chicago and Pussy Riot founding member Nadya Tolokonnikova, accusing them of “artwashing” for their collaborative exhibition “What If Women Ruled the World?” scheduled to open September 25 at the Tel Aviv Museum of Art. The letter calls for the exhibition’s cancellation, arguing that it is hypocritical to present a feminist show at an Israeli institution while Israel’s military actions in Gaza have killed over 28,000 women and girls since October 2023, according to UN Women. Tolokonnikova has stated she is not involved in decisions about the work’s current venue, while museum director Tania Coen-Uzzielli rejected the idea that canceling exhibitions is a meaningful response to the conflict.

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Joel Shapiro, the acclaimed Post-Minimalist sculptor known for his playful yet conceptually rigorous works in bronze, aluminum, and wood, died on Saturday at age 83 due to acute myeloid leukemia. His death was announced by Pace Gallery. Shapiro's career spanned decades, with his work appearing at major institutions including the Metropolitan Museum of Art and the United States Holocaust Museum. He began at Paula Cooper Gallery in the 1970s, creating tiny cast-iron houses and chairs that subverted Minimalist monumentality, before evolving toward large-scale figural sculptures made from beams of metal. His 2024 exhibition at Pace Gallery in New York featured towering works, though he resisted calling them colossal.

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Mnuchin Gallery, a blue-chip art gallery on Manhattan's Upper East Side, will close at the end of February after 34 years, following the death of its founder Robert Mnuchin in December at age 91. The gallery, known for museum-quality exhibitions of Modern and postwar art, concluded its final show—a survey of Julian Schnabel's plate paintings—on Saturday. Partner Michael McGinnis said the decision to close was made to end on a high note, honoring Mnuchin's passion and vision.

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Emerging artist Aiza Ahmed, a 28-year-old Pakistani-born painter and sculptor who recently completed her MFA at the Rhode Island School of Design, is having a breakout moment in New York. Her first solo show, "The Music Room," is on view at Sargent's Daughters, while she participates in two prestigious residencies: Silver Art Projects at 4 World Trade Center and the Fire Station residency in Doha, directed by Wael Shawky. Ahmed's work explores themes of migration, belonging, and identity, drawing on her family's experience of Partition and her own upbringing across Dubai, London, and the U.S. She will also be the youngest artist at the inaugural Art Basel Qatar in February 2025.

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The Brooklyn Museum has opened "Consuelo Kanaga: Catch the Spirit," a major solo exhibition dedicated to the pioneering American photographer Consuelo Kanaga (1894–1978). The show features nearly 200 works drawn from the museum's extensive collection of 2,000 negatives and 340 prints, gifted by Kanaga's third husband, artist Wallace Putnam. Kanaga, one of the nation's first women photojournalists, is celebrated for her socially conscious images capturing labor activists, the poor, and African Americans under Jim Crow laws, as well as cityscapes, portraits, and still lifes. The exhibition is organized with Madrid's Fundación MAPFRE and the San Francisco Museum of Modern Art, and curated by Drew Sawyer, formerly of the Brooklyn Museum and now at the Whitney Museum of American Art.

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Artnet News published its quarterly analysis of the most exhibited living artists at over 250 U.S. museums in March 2025, identifying more than 3,700 artists. The top artist is photographer Cara Romero, who appears in multiple museum shows including a major retrospective at the Hood Museum at Dartmouth College. Three of the six most featured artists have Native American backgrounds, reflecting a surge in exhibitions celebrating Indigenous art. The list excludes the late Jaune Quick-to-See Smith, a Native painter and curator who died in January 2025 at age 85 and would have ranked highly.

Art Movements: Look Who’s Headed to Perrotin Gallery

The French mega-gallery Perrotin has added sculptor Alma Allen to its roster. Allen previously caused controversy by accepting a nomination to represent the United States at the Venice Biennale under the Trump administration's State Department, a decision that led his former galleries to drop him. The article also notes other industry news, including Keisha Scarville winning the Brooklyn Museum's UOVO Prize and Marina Abramović creating an inflatable installation for New York's Balloon Museum.

Metropolitan Museum of Art Announces $23M. Gift from Top 200 Collectors Jennifer Rubio and Stewart Butterfield

Jennifer Rubio and Stewart Butterfield, both listed on ARTnews's Top 200 Collectors, have pledged $23 million to the Metropolitan Museum of Art. Rubio, founder of Away, and Butterfield, co-founder of Flickr and Slack, made the donation just two months after Rubio became a Met trustee. The gift will fund the museum's internship program, ensuring all undergraduate and graduate internships are fully paid positions, building on a previous $5 million gift from Adrienne Arsht.

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Kathleen Goncharov, a curator known for her work at Just Above Midtown gallery and the Boca Raton Museum of Art, died at her home in Boca Raton, Florida, on December 31 at age 73. Over her career, she served as senior curator at the Boca Raton Museum of Art from 2012 to 2025, curated exhibitions internationally from Rio de Janeiro to Rome, and was commissioner of the US Pavilion for the Venice Biennale in 2003, presenting Fred Wilson's exhibition "Speak of Me as I Am." She also held positions at Creative Time, the New School, MIT, the Nasher Museum of Art, and the Brodsky Center for Innovative Editions, and was a working artist for 40 years.

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Art world insiders share their predictions for 2026, anticipating a market rebound after a turbulent 2025 marked by gallery closures and tariff announcements. Key developments include the launch of new art fairs by Art Basel and Frieze in Qatar and Abu Dhabi, the return of the Whitney Biennial and Venice Biennale, and a surge in estate-driven sales as the Great Wealth Transfer accelerates. Experts note a revival of interest in Old Masters and classic taste, with collectors returning to bidding and galleries seeing renewed activity.

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The Center for Curatorial Studies at Bard College (CCS Bard) has awarded its 2026 Audrey Irmas Award for Curatorial Excellence to Los Angeles–based curator Hamza Walker. Walker, executive director of the Brick (formerly LAXART) since 2016, will receive $25,000 and be honored at CCS Bard’s spring gala in April. He is recognized for exhibitions featuring artists like Elizabeth Paige Smith, Gregg Bordowitz, and Postcommodity, and for cocurating the acclaimed "Monuments" exhibition with the Museum of Contemporary Art, Los Angeles, which examines artists' responses to Confederate monument removals. Walker also secured a $1 million donation from collectors Jarl and Pamela Mohn to fund the Brick's move to a new Hollywood space and its rebranding.

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Tate Britain has announced that French-Algerian artist Zineb Sedira will create the next Tate Britain Commission, her largest project to date, set to run from May 2026 to January 2027 in the museum's Duveen Galleries. Curated by Jessica Vaughan, the commission will feature a new site-specific work responding to the architecture and history of Tate Britain. Sedira, who represented France at the 2022 Venice Biennale with her acclaimed pavilion “Dreams Have No Titles,” is known for exploring themes of diaspora, memory, and identity through photography, video, and installation.

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Filmmaker Ira Sachs has released a new film titled *Peter Hujar's Day*, based on a 1974 audio recording and subsequent book by writer Linda Rosenkrantz. The film captures a single day in the life of photographer Peter Hujar, who died of AIDS-related complications in 1987, as he recounts mundane details and artistic anxieties to Rosenkrantz. Starring Ben Whishaw as Hujar and Rebecca Hall as Rosenkrantz, the movie adapts a transcript Rosenkrantz rediscovered and published in 2021. Sachs describes the project as an exploration of portraiture, light, and emotion, contrasting with his earlier, more turbulent film *Passages*.

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The Museum of Contemporary Art Los Angeles (MOCA) has extended the closure of its Geffen Contemporary space through the weekend as National Guard troops continue to confront anti-ICE protesters nearby. The museum cited safety concerns for staff and visitors, and also halted Pussy Riot member Nadya Tolokonnikova's durational performance 'POLICE STATE,' which had continued even after the initial shutdown on June 8. In other news, two Frenchmen—expert Bill Pallot and carpenter Bruno Desnous—were sentenced to suspended prison sentences and fines for selling fake 18th-century furniture, including chairs falsely attributed to Queen Marie Antoinette, duping the Château de Versailles and a Qatari prince. Meanwhile, President Donald Trump was booed by the audience at a Kennedy Center performance of Les Misérables, and Tamara de Lempicka's painting 'La Belle Rafaëla' (1927) is headed to auction at Sotheby's London with a high estimate of £9 million.

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Simon Wallis, director of the Hepworth Wakefield, has been appointed as the new secretary and chief executive of London’s Royal Academy of Arts (RA), starting in September. He replaces Axel Rüger, who left in October to lead the Frick Collection in New York. Wallis brings extensive experience from previous roles at Chisenhale Gallery, the ICA, Tate Liverpool, and Kettle’s Yard. His appointment comes as the RA undergoes restructuring, having cut 15% of its workforce in April to ensure future sustainability.