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.

Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

Wet Paint Does Frieze Week: The Dinosaur Dealer Downtown, David Zwirner Tribeca, and More Juicy Art-World Gossip

Artnet News' gossip column 'Wet Paint' covers the opening week of Frieze New York, beginning with the group show 'Statics of an Egg' at David Zwirner's newly renamed Tribeca gallery (formerly 52 Walker). Curated by Martin Germann, the exhibition features Japanese artists gathered by Yu Nishimura and Kenji Ide, with Nishimura's painting 'in waiting' highlighted. The column also reports on a private party at the River art-world hangout and a visit to Amanita gallery for 'A Land Before Time: Three Dinosaurs and a Gondola,' which includes a John Chamberlain sculpture. Notable attendees include artists Sasha Gordon, Olivia van Kuiken, Calvin Marcus, and Josh Smith, as well as dealers Marlene Zwirner and Matthew Brown.

The Most Expensive Jean-Michel Basquiat Works Ever Sold at Auction

ARTnews published a listicle ranking the most expensive Jean-Michel Basquiat works ever sold at auction, updated as of May 15, 2026. The article traces Basquiat's rise from street artist under the moniker SAMO to a major figure in the downtown New York scene, highlighting key relationships with Keith Haring, Diego Cortez, and curator Henry Geldzahler. It notes that Basquiat's entire mature output was created between 1981 and 1984, and that his 1983 painting *Museum Security (Broadway Meltdown)* sold at Sotheby's in May 2026 for $52.7 million, placing it among his top sales. The piece also details earlier top sales, including *Untitled* (1982) for $29.3 million at Christie's in 2013 and *Flesh and Spirit* (1982–83) for $30.7 million at Sotheby's in 2018.

Why Contemporary Artists Are Raiding the Renaissance Toolkit

Three contemporary artists—Alison Elizabeth Taylor, Michael Bühler-Rose, and Nick Doyle—are reviving the Renaissance woodworking techniques of intarsia and marquetry in their current exhibitions. Taylor is showing marquetry hybrid paintings at Jessica Silverman Gallery in San Francisco, Bühler-Rose is presenting a solo booth with Stems Gallery at Independent, and Doyle is also participating in the trend. Their work draws inspiration from the Gubbio Studiolo at the Metropolitan Museum of Art, a 15th-century trompe-l'œil room that exemplifies the decorative inlay tradition.

Ceramics Are Everywhere, in Museums, Galleries, and Fairs—Has the Market Caught Up?

Ceramics are experiencing a surge in visibility across museums, galleries, and art fairs in major US cities. The article catalogs numerous recent and upcoming exhibitions, including Kathy Butterly's sold-out show at James Cohan with pieces at $45,000 each, Nicole Cherubini's nearly sold-out show at Friedman Benda with prices up to $65,000, and Ruby Neri's work at Salon 94 peaking at $75,000. Other highlights include Ron Nagle at Matthew Marks, Theaster Gates' Gagosian show celebrating David Drake, NADA Ceramics in Tribeca, and ceramic presentations at Frieze Los Angeles, Post-Fair, Expo Chicago, and David Zwirner. Institutional shows include Toshiko Takaezu at Princeton University Art Museum and a ceramic collection at RISD Museum.

Paul McCarthy: ‘The world is now an extreme absurdity. The work is a reaction to that’

Paul McCarthy, the 80-year-old American artist known for his transgressive critiques of consumer culture, has opened a new exhibition titled "SS EE Saint Santa Eva Elf" at Hauser & Wirth in Paris. The show features large-scale drawings and a six-channel video installation created during filmed performances with his long-term collaborator, German actress Lilith Stangenberg, who plays the Elf. McCarthy revisits his iconic Santa Claus motif, portraying him as a dark, psychotic figure—the "god of capitalism and consumption." The exhibition also includes earlier drawings made with Stangenberg at Bowman Hal gallery in Madrid. The interview reveals that McCarthy's home and studios in Los Angeles were destroyed by wildfires, resulting in the loss of art, drawings, notebooks, and books, and the cancellation of a planned London show.

Petal passion, super-surreal Polaroids and Billy Childish’s California – the week in art

This week’s art roundup highlights several major exhibitions across the UK, including a floral-themed survey at Kettle’s Yard featuring artists from Henri Rousseau to Lubaina Himid. Other notable openings include Billy Childish’s expressionistic California desert paintings at Carl Freedman Gallery, Katharina Grosse’s site-specific installations at White Cube, and Steve McQueen’s new photography book, 'Bounty', which explores the colonial history of Grenada through its flora.

Our Guide to New York Art Week 2026

New York Art Week 2026 brings a major convergence of art events across the city, including several prominent art fairs such as Frieze New York, Independent New York, TEFAF New York, and NADA New York. The week also features gallery openings spanning from Tribeca to the Upper East Side, as well as auction previews ahead of key sales at Sotheby’s, Christie’s, and Phillips.

Beer With a Painter: Keith Mayerson

Hyperallergic interviews Los Angeles-based painter Keith Mayerson, who discusses his ongoing 'My American Dream' series—a cosmology of paintings blending American identity, activism, and popular culture. The conversation covers his early influences from comics, the Muppets, and Hunter S. Thompson, his transition from cartooning to painting, and his vibratory, swirling brushwork. Mayerson's work has been featured in the 2014 Whitney Biennial and is currently on view at the Aspen Art Museum and the Pollock-Krasner House.

Asian Artists Set the Stage at Independent Art Fair 2026

At the 17th edition of the Independent art fair in New York, six galleries are presenting solo booths dedicated to Asian artists, including a U.S. debut by Taiwanese artist Tseng Chien-Ying and works by Japanese painter Rika Minamitani and Chinese conceptual artist Pu Yingwei. Founder Elizabeth Dee highlights the trend as reflecting broader geopolitical shifts and artists' desire to engage with complex cultural debates in New York.

New York institutions offer nuanced and inclusive views of US’s 250th birthday

New York institutions are presenting nuanced exhibitions for the US's 250th birthday, offering both patriotic and critical perspectives on the American Revolution. The Grey Art Museum at NYU displays one of the 26 surviving Dunlap broadsides of the Declaration of Independence alongside over 100 contextual documents in "The Declaration of Independence: Long Trail to Liberty," while the Museum of the City of New York's "The Occupied City" immerses visitors in the British occupation of New York, featuring interactive elements like toppling a digital effigy of King George III.

The exhibitions to see in New York during Art Week 2026

Le mostre da vedere a New York durante l’Art Week 2026

The article highlights a selection of must-see exhibitions in New York during the 2026 Art Week, spanning major museums and galleries. At MoMA, three shows explore memory, identity, and artistic experimentation: Elizabeth Murray's retrospective on fragmented painting, Naufus Ramírez-Figueroa's works addressing Guatemala's civil war, and Arthur Jafa's curated connections across the museum's collection. The Whitney Museum presents the 82nd Whitney Biennial, featuring 56 artists questioning what it means to be 'American,' alongside an Andy Warhol exhibition of rarely seen polaroids from 1972-73. Hauser & Wirth debuts its first Carol Rama show, highlighting six decades of her experimental, anticonformist art.

Pittsburgh’s burgeoning gallery community readies for its moment in art world spotlight

Pittsburgh's commercial gallery scene is experiencing a resurgence as the Carnegie International, the country's longest-running recurring exhibition, prepares to open its largest edition yet with 61 artists. Since the pandemic, several young gallerists with experience in New York and Los Angeles have opened spaces in the city, including Romance gallery (2023) by former Whitney curator Margaret Kross, and april april gallery (2024) relocated from Brooklyn by Patrick Bova and Lucas Regazzi. Longer-established galleries like Concept, Zynka, and James Gallery have welcomed these newcomers, with local figures such as collector Evan Mirapaul noting that Pittsburgh's robust arts ecosystem—including museums, universities, and nonprofits—has long lacked a strong commercial gallery presence.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

10 Exhibitions to See in Upstate New York This May

Hyperallergic's guide highlights 10 exhibitions opening in Upstate New York this May, including the Hessel Museum of Art's annual showcase of thesis exhibitions by graduates of the Center for Curatorial Studies at Bard College, featuring works by Alice Aycock, Arthur Jafa, Mike Kelley, and Ana Mendieta. Other notable shows include Daniele Frazier's camera-less photography at September Gallery, Onnis Luque's investigation into resource exploitation at Art Omi, and Japanese woodblock prints at the Frances Lehman Loeb Art Center. The guide also covers Lukaza Branfman-Verissimo's mixed-media works and Maria Auxiliadora da Silva's paintings.

Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

It’s the Most Controversial Venice Biennale in Years. Can the Art Stand Up to the Noise?

The 2026 Venice Biennale is embroiled in controversy, with the US Pavilion at the center of a political storm. The Trump administration's State Department overhauled the selection process, bypassing the usual NEA panel and commissioning a nonprofit, the American Arts Conservancy, to organize the pavilion. Artist Alma Allen, who accepted the invitation despite threats from galleries and curators, presents a show that critics find politically muted. The Biennale's jury resigned days before the opening, and annual prizes were canceled, adding to the turmoil.

London's Southbank Centre to receive £10m government funding boost

The UK government has announced a £10 million funding boost for London’s Southbank Centre as part of a broader £128 million investment package for 130 cultural venues nationwide. Administered by Arts Council England, the grant is earmarked for urgent infrastructure repairs, including fixing leaking roofs and modernizing rigging systems, coinciding with the center's 75th anniversary. Other major beneficiaries of the Creative Foundations Fund include the Baltic Centre for Contemporary Art and Firstsite gallery.

Look Inside the Art-Filled Home of New York City's Cultural Crusaders

This profile explores the Upper West Side residence of Crystal McCrary McGuire and Raymond J. McGuire, a power couple deeply embedded in New York City’s cultural and financial sectors. Their home serves as a private gallery for a significant collection of African American art, featuring masterworks by Norman Lewis, Henry Ossawa Tanner, Elizabeth Catlett, and Romare Bearden. The couple’s shared passion for collecting began independently, sparked by their formative years studying in France, and has since evolved into a joint mission to preserve and live alongside Black artistic heritage.

art new york gallery guide spring

Cultured's spring gallery guide for New York highlights a curated selection of exhibitions across the city, with standout shows including Carol Bove's sculptural installation at the Solomon R. Guggenheim Museum, Joan Semmel's retrospective at the Jewish Museum, Jessi Reaves's furniture-based works at the American Academy of Arts and Letters, and the group show "Afterlives: Contemporary Art in the Byzantine Crypt" at the Metropolitan Museum. The guide also notes exhibitions by Paul Chan, Nicola Tyson, Doron Langberg, and Yuval Pudik that are closing soon, and extends coverage to shows in Philadelphia and Warsaw.

Inside the Unlikely Bond Between Lucian Freud and Kate Moss

In 2002, Lucian Freud unveiled a portrait of a naked and pregnant Kate Moss, a rare celebrity subject for the artist who had turned down Princess Diana. A new film, *Moss & Freud*, dramatizes the unlikely friendship that developed between the aging painter and the supermodel during the creation of *Naked Portrait (2002)*. Directed by James Lucas, the film stars Ellie Bamber as Moss and Derek Jacobi as Freud, and explores their intense studio sessions, personal revelations, and the bond that formed despite their contrasting lifestyles.

A Vienna Theater Opens Its Prized Klimt Ceiling Paintings to Tours During Restoration

The Burgtheater in Vienna has opened guided tours allowing the public to view Gustav Klimt's ceiling paintings up close for the first time, during a restoration of the works. The 10 paintings, created in the late 1880s by Klimt, his brother Ernst, and Franz Matsch, hang 60 feet above the staircases and were recently cleaned with cotton swabs and purified water after water damage. The tours, which require sturdy footwear, are currently sold out due to high demand.

An Auction Without Bidding: Loïc Gouzer’s Latest Bet on How to Sell Art

Loïc Gouzer's auction app Fair Warning is launching a new sales format called "No Warning." The system eliminates bidding wars; a work is listed with a price, and buyers can either purchase it immediately or submit a single, binding offer. The highest offer is presented to the seller, who decides to accept or reject it, with no public record of the sale unless disclosed by the parties. The first test of the format is a 1999 Elizabeth Peyton watercolor priced at $400,000.

8 Must-See Solo Gallery Shows in May

Galerie magazine has curated a list of eight must-see solo gallery shows across the United States for May, highlighting exhibitions in New York, Chicago, San Francisco, and Los Angeles. Featured artists include Domenico Gnoli at Lévy Gorvy Dayan, John Stezaker at Gray in Chicago, Alison Elizabeth Taylor at Jessica Silverman in San Francisco, Charles Ray at Matthew Marks Gallery and Jeffery Deitch in Los Angeles, Jose Dávila at Sean Kelly, and Peter Hujar at Ortuzar, among others. The article provides details on each artist's practice and the scope of their exhibitions, such as Gnoli's largest U.S. show in five decades and Hujar's restaging of his final solo exhibition.

Il mitico artista-ceramista italiano Nanni Valentini torna negli Stati Uniti con una mostra sulla sua storia. Le immagini

The Everson Museum of Art in Syracuse, New York, is hosting "Interspaces," a retrospective exhibition dedicated to Italian artist Nanni Valentini (1932–1985), a pivotal figure in ceramic art. Curated by Garth Johnson of the Everson Museum and Luca Bochicchio of the Museo della Ceramica di Savona, with oversight by art historian Flaminio Gualdoni, the show runs until September 6, 2026. It traces Valentini's evolution from functional pottery to conceptual wall works, featuring pieces like "I segni della terra" (1981) and "Impronta-totem" (1979), on loan from ABC-ARTE gallery. The exhibition marks Valentini's return to the U.S., where he first gained international recognition at the museum's 1958 Ceramic International, introduced by Lucio Fontana.

New York art world spared worst of logistics woes

New York's spring art fairs—including Frieze, Tefaf, Independent, and Nada—are proceeding largely on schedule despite ongoing disruptions from the war in Iran. Airspace closures, reduced flights, rising fuel costs, and the closure of the Strait of Hormuz have strained global art logistics, forcing rerouting, last-minute cancellations, and cost increases of up to 2,500%. Logistics firms like Hasenkamp and Gander & White report that while shipments are still arriving, the system has become fragile, with clients prioritizing safety and resilience over speed.

A brush with... Andrew Cranston—podcast

This episode of 'A brush with...' podcast features Scottish painter Andrew Cranston, born in 1969 in Hawick. Cranston discusses how his work draws on personal experiences—childhood memories, family recollections, and recent rituals—filtered through the painting process. His pictures are rich with references to art history, cinema, poetry, and television, and he often paints on the covers of old hardback books. The conversation covers his influences (Pieter Bruegel the Elder, Paul Klee, Pierre Bonnard, Winifred Nicholson, writers Hugh MacDiarmid and Elizabeth Bishop, filmmakers Nicholas Roeg and Dennis Potter), his studio life, and his answer to 'what is art for?' The episode is sponsored by Bloomberg Connects.

City Life Org - New York Art World Celebrates Angela Davis, Amy Sherald, Clara Wu Tsai, Crystal McCrary, Raymond McGuire at Awards Dinner in NYC

The Gordon Parks Foundation held its annual Awards Dinner and Auction at Cipriani 42nd Street in New York City, raising nearly $2 million to support its mission of social justice through the arts. The gala honored a distinguished group of changemakers, including activist Angela Davis, painter Amy Sherald, philanthropist Clara Wu Tsai, producer Crystal McCrary, and businessman Raymond McGuire. Hosted by Kaseem Dean (Swizz Beatz) and Executive Director Peter W. Kunhardt, Jr., the event celebrated the enduring legacy of Gordon Parks and his commitment to documenting and advancing civil rights.

Usher, Spike Lee, and Tyler Mitchell Helped Raise $3.7 Million for the Studio Museum in Harlem at a Party for the Ages

The Studio Museum in Harlem hosted a star-studded gala at the Glasshouse in Manhattan, raising $3.7 million to support its upcoming reopening. The event marked a significant milestone for the institution, which has been undergoing extensive renovations for seven years and is scheduled to open its new doors on West 125th Street on November 15. Director and Chief Curator Thelma Golden described the evening as a 'threshold' moment, celebrating the museum's legacy of shaping cultural history since its founding in 1968.