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Valentina Castellani, a veteran of Sotheby’s and Gagosian, is releasing a new book titled 'Trading Beauty: Art Market Histories from the Altar to the Gallery'. The publication aims to fill a pedagogical gap Castellani discovered while teaching at New York University, providing a comprehensive chronological overview of the art market from the Renaissance to the post-pandemic era. Published by Gagosian and distributed by Rizzoli, the book features a cover by Maurizio Cattelan and an introduction by Massimiliano Gioni.

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The art world is mourning the loss of influential sculptor Thaddeus Mosley, who passed away at age 99. Known for his monumental yet graceful abstract works crafted from salvaged wood, Mosley gained significant critical acclaim late in his career for his mastery of weight and space. His death leads a series of industry updates, including the passing of Malaysian artist chi too and sculptor Ken Turnell, alongside a controversial report that the Department of Government Efficiency (DOGE) allegedly used AI to target National Endowment for the Humanities grants for cancellation.

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This ARTnews industry moves column reports several key personnel and representation changes in the art world. Christine Sun Kim has joined Gallery Hyundai, a Seoul-based gallery, and will show at Art Basel Miami Beach. Yoshitomo Nara has moved to David Zwirner while maintaining his relationship with Pace. John Tain has been named Director of Curatorial Affairs at the Carnegie Museum of Art, and Galatea now represents Gabriella Marinho. Chris Sharp has added the duo CrossLypka to his roster. Separately, climate activist Timothy Martin received an 18-month prison sentence for damaging a Degas sculpture at the National Gallery of Art, and the Philadelphia Museum of Art faces turmoil after a rebranding backlash that led to director Sasha Suda's dismissal.

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The Armory Show's VIP preview day on Thursday saw long queues and a cautiously upbeat mood at the Javits Center, despite a shaky art market marked by gallery closures and fair cancellations. Dealers reported serious interest and solid sales, including a $1 million work at Galleria Lorcan O’Neill, a Kehinde Wiley painting for $265,000 at Sean Kelly, and a Kennedy Yanko sculpture for $150,000 at James Cohan. The highest-priced work, Alex Katz's 1962 painting *October 2*, was listed at $1.2 million but remained unsold. The fair attracted major collectors like Don and Mera Rubell and institutional figures such as Thelma Golden and Scott Rothkopf, with the Presents section for emerging galleries also seeing brisk sales.

7 New Art Books to Step Into Spring

Artnet News has curated a selection of seven significant new art book releases for the spring season, highlighting diverse subjects from historical archives to contemporary memoirs. Featured titles include a deep dive into Frida Kahlo’s private sanctuary, 'Casa Roja,' authored by her descendants; a curatorial history of Hong Kong’s avant-garde art scene by Oscar Ho Hing-kay; and a vibrant exploration of color in contemporary art featuring works by Yayoi Kusama and Tomás Saraceno.

Shoptalk: New Guggenheim Director Melissa Chiu on How She Got the Job

Melissa Chiu has been appointed as the new director of the Solomon R. Guggenheim Museum in New York, transitioning from her long-standing leadership at the Smithsonian’s Hirshhorn Museum and Sculpture Garden. The appointment was the result of a confidential search led by Mariët Westermann, the Guggenheim’s overall director and CEO, who determined that the expanding global "constellation" of museums required a dedicated leader for the New York flagship. Chiu will officially assume the role in September, just ahead of the highly anticipated opening of the Guggenheim Abu Dhabi in 2025.

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This week's art industry roundup covers major developments across auctions, galleries, and institutions. Christie's will auction René Magritte's 'Les grâces naturelles' (ca. 1961) as the star lot of its Art of the Surreal evening sale in London on March 5, with an estimate of £6.5–9.5 million. Zona Maco in Mexico City has announced 241 exhibitors for its 22nd edition, including a new section called Forma. The London Art Fair reported strong sales for British women abstract painters, while Vienna's Spark Art fair canceled its 2025 edition for a strategic pause until 2027. In gallery news, Amy Sherald signed with Creative Artists Agency, and several other artist-gallery representation changes were announced. The U.K. government pledged £1.5 billion to support cultural organizations from 2025 to 2030, and Tarek Atoui was named the next Turbine Hall commission artist at Tate Modern.

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Several international curators and museum directors, including Connie Butler of MoMA PS1, Carolyn Christov-Bakargiev, Julieta Gonzalez of the Wexner Center for the Arts, and Madeleine Grynsztejn of MCA Chicago, selected artworks that they believe define 2025. Highlights include Ayoung Kim's video installation 'Delivery Dancer’s Arc: 0º Receiver' (2024), Beeple's 'Regular Animals' premiered at Art Basel Miami Beach, and Kerry James Marshall's painting 'Haul' (2025) from his retrospective at the Royal Academy of Arts. Julieta Gonzalez also pointed to a broader constellation of practices emphasizing collectivity, ecological thinking, and Indigenous cosmologies rather than a single emblematic work.

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The Sam Gilliam Foundation has been sued over a disputed Drape painting, while the Art Dealers Association of America announced it will not hold its annual New York fair, The Art Show, in 2025, citing a strategic pause. Christie's reported $2.1 billion in auction sales for the first half of 2025, matching last year's figure but down 22% from 2023, and a juvenile Ceratosaurus fossil sold for $30.5 million at Sotheby's. Galleries are seeing movement: Nicole Wittenberg joins Acquavella Galleries, Harper Levine plans a Bangkok space, and Felix Rödder will open Rodder on Manhattan's Upper East Side. Yale University Art Gallery withdrew federal grant applications over anti-DEI language, and the Smithsonian American Art Museum named Mary Savig curator-in-charge of the Renwick Gallery.

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Artnet News's Wet Paint column announces Brian Belott's upcoming exhibition "Upside Down Zebra" at the Watermill Center in Water Mill, Hamptons, opening next week. The show features over 400 artworks made by children under age 6, including offspring of Willem de Kooning and Henry Miller, alongside 40 response pieces by contemporary artists like Robert Nava, Chris Martin, Darren Bader, Katherine Bernhardt, Carroll Dunham, and Christopher Wool. Belott draws from the archive of educator and psychologist Rhoda Kellogg, who collected over two million children's drawings, organizing works by her 20 types of scribbles.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Zoe Leonard Departs Hauser & Wirth for New York’s Maxwell Graham Gallery

Zoe Leonard, a celebrated conceptual artist whose work will appear at the Venice Biennale next week, has left Hauser & Wirth—a global gallery with 14 locations—to join Maxwell Graham, a smaller New York-based gallery known for spare conceptual presentations. Leonard will continue to be represented by her longtime galleries, Cologne’s Galeria Gisela Capitain and Milan’s Raffaella Cortese. Maxwell Graham staged its first Leonard exhibition last year with “Display,” featuring photographs of historical objects in museums. Leonard is the second artist to depart Hauser & Wirth in the past year, following George Condo’s exit in November.

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The VIP opening of Frieze Los Angeles at Santa Monica Airport saw a surge of high-value transactions and heavy foot traffic from both local and international collectors. Major galleries reported multi-million dollar sales within the first few hours, including a $2.8 million work by Njideka Akunyili Crosby at David Zwirner and a sold-out booth of Conny Maier paintings at Hauser & Wirth. Dealers described the atmosphere as a "frenzy," noting that sales figures in some cases already tripled their performance at previous major fairs like Art Basel Miami Beach.

Judge Orders Return of Slavery Exhibit at President's House; Barbican Director Devyani Saltzman Departs | Morning Links for February 17, 2026

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A federal judge has ordered the Trump administration to temporarily rehang an exhibition about slavery at the President's House monument in Philadelphia, blocking its removal by the Interior Department and National Park Service. The judge compared the government's attempt to alter historical facts to the "Ministry of Truth" from George Orwell's '1984'.

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Newly released emails from convicted sex offender Jeffrey Epstein reveal that he discussed a plan by billionaire art collector Leon Black to purchase a Picasso painting from Gagosian gallery for $100 million. In a 2015 email to Melanie Spinella, a representative for Black, Epstein questioned the lack of a written contract for the overseas transfer, calling it 'fishy.' The emails also show Epstein advising Black on broader art purchasing strategies, including assigning agreements to family members, and offering opinions on Artspace, the online art marketplace acquired by Black's publishing house Phaidon.

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The Centre Pompidou in Paris will close on September 22 for five years of renovation work, leaving the Paris art scene without one of its major institutions. Before closing, visitors have three more days to see the photography exhibition “Wolfgang Tillmans: Nothing could have prepared us – Everything could have prepared us,” which occupies 65,580 square feet in the Bibliothèque Publique d’Information. During the closure, the Pompidou will continue its “Constellation” program, dispersing collection holdings to partner institutions including Centre Pompidou-Metz, West Bund Museum in Shanghai, H’ART Museum in Amsterdam, the Grand Palais, and the future Centre Pompidou Francilien.

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Marian Goodman Gallery has taken on representation of artist Edith Dekyndt, whose multidisciplinary practice spans video, sculpture, installation, and performance, with plans to debut her work at Art Basel Paris in October. In other industry moves, Salon 94 now represents Raven Halfmoon, Timothy Taylor Gallery represents Martha Tuttle, Templon adds Martial Raysse, Acquavella Galleries represents Harumi Klossowska de Rola, and Gagosian has hired Aaron Baldinger as a director. Additionally, Jennie Goldstein has been named the inaugural Kippy Stroud Curator at the Whitney Museum, and Sotheby's will sell a tranche of artworks from the collection of the late Leonard Lauder, including Gustav Klimt's Portrait of Elisabeth Lederer, estimated at over $150 million.

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.

Whitney Biennial Trends, a New Baroque Art Star, and Banksy Unmasked

The Art Angle podcast, hosted by Ben Davis and Kate Brown with guest Eileen Kinsella, recapped major art stories from March 2026. The discussion centered on three key developments: the opening of the 2026 Whitney Biennial, the rising art historical prominence of 17th-century Flemish painter Michaelina Wautier, and a new investigation claiming to have definitively unmasked the identity of the anonymous street artist Banksy.

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The commercial market for performance art is undergoing a significant shift in value and sophistication. While performance has been sellable for decades through archival editions and documentation—a model pioneered by figures like Marina Abramović and dealer Sean Kelly—newer methods include oral contracts for 'live' works and high-stakes secondary market sales. Recent examples, such as Hauser & Wirth offering a Felix Gonzalez-Torres performance piece with an eight-figure price tag, signal that the medium is moving from a niche interest into a high-value asset class.

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Artnet News published a roundup of the top five episodes of its podcast 'Art Market Minute' from 2025, hosted by Margaret Carrigan. The episodes cover key industry topics: whether artists still need galleries, how to build professional relationships in the art world, the rising market value of Jack Whitten's work, the impact of AI on the art market, and the wave of high-profile gallery closures reshaping the trade. Guests include Sonia Manalili, Brooke Lampley, Naomi Rea, Eileen Kinsella, Jo Lawson-Tancred, and Katya Kazakina.

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Artnet News's 'The Asia Pivot' reflects on its 2025 coverage, highlighting the expansion of Asia's art scene beyond traditional East Asian markets into emerging regions such as the Gulf, South Asia, and Central Asia. Key developments include the debut of the Bukhara Biennial in Uzbekistan, the opening of the Almaty Museum of Arts in Kazakhstan, and the flourishing art scene in Thailand with new private museums like Dib Bangkok. The report also covers major markets like China, Japan, and South Korea, noting the impact of geopolitical dynamics and market shifts.

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Museums across the United States are preparing exhibitions to mark the 250th anniversary of American independence in 2026. The New York Historical will present "Democracy Matters," opening June 19, 2026, exploring voting, free speech, and land rights through works by Thomas Cole, Mel Chin, and Lady Pink alongside historic documents. The Museum of Fine Arts, Boston will debut "America at 250" on the same date, integrating Native and non-Native art with pieces like Gilbert Stuart's portrait of George Washington and a critique by Mohawk artist Alan Michelson. The National Portrait Gallery had planned "Amy Sherald: American Sublime" for September 2025, but Sherald canceled the show over censorship concerns in July 2025. The Philadelphia Museum of Art will host "A Nation of Artists" from April 2026 through September 2027, featuring Frederic Edwin Church's "Pichincha."

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Art advisor Naomi Baigell recalls that when she managed Prudential's corporate art collection in the late 1980s and 1990s, executives refused to hang textile works by Colombian-born artist Olga de Amaral, preferring abstract paintings instead. Now 93 and still working, Amaral is experiencing a major market and institutional renaissance: the Institute of Contemporary Art in Miami is hosting a solo show of her work (through October 12), her pieces are included in MoMA's "Woven Histories" exhibition, and she has been represented by Lisson Gallery since 2019. In 2025, her auction performance has been stellar, with a new record of $1.16 million set in May for *Imagen perdida 27* (1996) at Phillips New York, and total sales of $4.07 million as of June.

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The largest-ever exhibition of Diane Arbus's work, titled "Constellation," opens today at the Park Avenue Armory in New York City. Featuring over 450 prints—many previously unpublished—the immersive show debuted at LUMA Arles in 2023 and arrives in the U.S. with its original labyrinthine format. Curated by Matthieu Humery, the exhibition presents Arbus's iconic photographs of marginalized figures, celebrities, and everyday people without chronological or narrative order, emphasizing her equalizing gaze. The prints come from the collection of Maja Hoffmann, who acquired the complete set of printer's proofs from Neil Selkirk, the only person authorized by the Diane Arbus Estate to print from her negatives.

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Acquavella Galleries in New York will present a major exhibition, 'Matisse: The Pursuit of Harmony,' from April 9 to May 22, 2026. The show assembles 50 paintings, sculptures, and works on paper spanning half a century, including the complete 'Back' series and significant loans from private collections and major museums.

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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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Amy Sherald's exhibition "American Sublime" will now open at the Baltimore Museum of Art (BMA) in November, after the artist canceled its planned iteration at the Smithsonian's National Portrait Gallery in July over censorship concerns. The show, which features some 50 works and is one of the largest presentations of Sherald's work, was originally organized by the San Francisco Museum of Modern Art and is currently on view at the Whitney Museum through August 10. Sherald, who attended the Maryland Institute College of Art and previously served on the BMA's board, called the BMA presentation a homecoming.

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Mathieu Borysevicz, founder of Shanghai's Bank gallery, launched a six-month pop-up on New York's Lower East Side earlier this year, aiming to introduce his program to new audiences amid growing Asian art interest in the city. By mid-summer, however, Borysevicz observed a sharp market downturn as collectors withdrew, reflecting a broader trend of gallery closures, lawsuits, and fair cancellations that have marked a turbulent period for the art world.

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Sara Nadal-Melsió, the former associate director of the Whitney Museum's Independent Study Program (ISP), has spoken out about her termination in June 2025, which occurred shortly after the museum's director Scott Rothkopf announced a suspension of the 50-year-old program. In an essay published in Hyperallergic, Nadal-Melsió describes her dismissal as retaliation for her public protest against the Whitney's cancellation of a pro-Palestinian performance titled "No Aesthetic Outside My Freedom: Mourning, Militancy, and Performance." She characterizes the museum's actions as part of a broader pattern of institutional obfuscation, corporate culture, and disregard for workers' rights.