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.

Georg Baselitz obituary

Georg Baselitz, the German painter and sculptor known for his provocative, expressionistic works and his iconic upside-down paintings, has died at the age of 88. The article traces his life from his childhood in war-torn Germany, through his early career as a rebellious artist in divided Berlin, to his rise as an international art star. It highlights his 1961 manifesto poster "Pandemonium I," his rejection of American abstraction, and his controversial 1963 exhibition that was raided by police for its explicit content.

Shreg the green ogre, a grey obsessive and Vermeer’s boiled egg – the week in art

This week's art roundup from The Guardian highlights a range of exhibitions across the UK, including Bruce Asbestos's 'Bootleg Shreg 2' at Exeter Phoenix Gallery, a playful show featuring a green ogre that parodies copyright rules. Other notable shows include Roy Oxlade's primitive paintings at Alison Jacques, May Morris's craft legacy at Lady Lever Art Gallery, a 30-year anniversary group show at Timothy Taylor, and Alan Charlton's monochrome grey works at Annely Juda Fine Art. The article also features an image of a naturally sculpted rock on Kangaroo Island, a review of the Turner Prize nominees, and a masterwork analysis of Vermeer's 'The Guitar Player' at Kenwood House, which was stolen in the 1970s and recovered with the help of a clairvoyant.

East Africa meets Western Europe as Michael Armitage takes on Venice's Palazzo Grassi

The artist Michael Armitage opens a monographic exhibition titled 'The Promise of Change' at Venice's Palazzo Grassi, featuring 46 large paintings and nearly 100 sketches that survey his past decade of work. At 42, Armitage is the youngest artist to receive a solo show at the palazzo, which is owned by François Pinault and has previously hosted Albert Oehlen, Luc Tuymans, and Marlene Dumas. The exhibition highlights Armitage's fusion of East African and Western European artistic influences, drawing on his upbringing in Kenya and his training at London's Byam Shaw School of Art, the Slade, and the Royal Academy.

Who Went to Venice Last Week? Jenny Saville, Glenn Lowry, Jewel, and Many Other Power Players

Artnet News reporter Katya Kazakina recounts her experience at the opening week of the 61st Venice Biennale, describing a whirlwind of art, parties, and chance encounters. Notable figures spotted include former MoMA director Glenn Lowry, singer-songwriter Jewel (who debuted her visual art show "Matriclysm: An Archaeology of Connections Lost"), and Japanese Nintendo heir and collector Banjo Yamauchi. High-profile events included Thaddaeus Ropac gallery's reception for Georg Baselitz's final paintings (priced up to $1.5 million) and François Pinault's annual party at Fondazione Giorgio Cini, attended by Selma Hayek, Lorna Simpson, and JR. The article also highlights the social dynamics of the biennale, where dealers, curators, and collectors network across historic palazzos and hotels.

Artists v fascists, Khmer Rouge horrors, fab flowers and an eye-popping nude – the week in art

This week's art roundup from The Guardian features a major exhibition at Towner Eastbourne titled 'Comrades in Art: Artists Against Fascism,' which examines how artists, poets, and intellectuals used their work to resist the rise of extremism in 1930s Europe, drawing on the history of the Artists International Association (AIA). Other highlights include 'Hidden: Photography and Displacement Under the Khmer Rouge' at The Wiener Holocaust Library in London, a show of early Netherlandish drawings at the British Museum, Katharina Grosse's colorful installations at White Cube, and a flower-themed survey at Kettle's Yard. The image of the week is Sylvia Sleigh's 1963 portrait 'The Bridge (Johanna Lawrenson),' part of a new exhibition of the Welsh artist's work. The article also covers news items such as Lydia Ourahmane's Venice Biennale installation, a Holbein portrait mystery, a restored stained-glass window by Edward Burne-Jones and William Morris, and Anish Kapoor's call to exclude the US from the Venice Biennale due to 'politics of hate.'

Tefaf New York wishlist: a Tiffany window and an Egyptian goddess with a nose job

The article highlights three standout artworks being offered at Tefaf New York. A Tiffany Studios stained-glass window, "Birches and Irises" (around 1915), designed by Agnes Northrop, is priced at $1.25 million through Macklowe Gallery. An Egyptian goddess bust from 570-526 BC, rediscovered at a regional auction in England and later authenticated after scientific study, is offered for £1.5 million by David Aaron. A painting by Cecily Brown, "Functor Hideaway" (2008), is listed at $3.9 million by Berggruen Gallery, coinciding with her current exhibition at London's Serpentine Gallery.

Aspen Art Fair Names More Than 35 Exhibitors for 2026 Edition at Hotel Jerome

The Aspen Art Fair has announced more than 35 exhibitors for its third edition, returning to the Hotel Jerome from July 29 through August 1, 2026. This will be the first edition under director Kelly Cornell, who also leads the Dallas Art Fair. Newcomers include Albertz Benda, Friedman Benda, Library Street Collective, Monique Meloche Gallery, and R & Company, alongside returning galleries such as Marianne Boesky Gallery, Perrotin, Sean Kelly, and Galerie Gmurzynska. The fair will debut an outdoor sculpture garden and continue its Art Prize Program with residencies and commissions through Anderson Ranch Arts Center and Buckhorn Public Arts. It also coincides with the AIR festival organized by the Aspen Art Museum and partners with the Aspen Education Foundation to support local student artists.

Zurbarán in London, the Carnegie International, Walter Sickert’s Ennui—podcast

This episode of The Art Newspaper's podcast covers three major art events opening this weekend. The largest career survey of 17th-century Spanish master Francisco de Zurbarán since the 1980s opens at the National Gallery in London, co-curated by Francesca Whitlum-Cooper. The 59th Carnegie International, titled "If the word we," opens at the Carnegie Museum of Art and other venues in Pittsburgh, directed by Eric Crosby. The Work of the Week is Walter Sickert's "Ennui" (c.1914), featured in the exhibition "Walter Sickert: Working Notes" at Charleston in Lewes, curated by Robert Travers of Piano Nobile in partnership with Charleston.

Anna Zemánková Estate Joins Gladstone Gallery, Sándra Vasquez de la Horra Joins Tanya Bonakdar Gallery, and More: Industry Moves for April 29, 2026

The article reports a series of industry moves in the art world as of April 29, 2026. Key developments include Gladstone Gallery taking on the estate of Anna Zemánková, Sándra Vasquez de la Horra joining Tanya Bonakdar Gallery, Elijah Wheat Showroom opening a new location in Beacon, New York, and Mariane Ibrahim now representing Leasho Johnson. Additionally, Denniston Hill launches its 2026 residency season with 30 artists, the Minneapolis Institute of Art receives restoration funding from TEFAF, Charlie White is appointed dean of the Sam Fox School, and Jesús Hilario-Reyes and Tichacoco are named inaugural recipients of the Clemente Center’s Van Lier Fellowship. The article also notes a whistleblower claim of $3 million missing from the Palm Springs Art Museum’s investment account, and a New York Times essay by Robin Givhan on Derrick Adams.

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.

$102 Million Verdict Over Robert Indiana Artwork May End Years-Long Legal Battle

A Manhattan federal jury awarded $102 million in damages to the Morgan Art Foundation in its lawsuit against art publisher Michael McKenzie, finding him guilty of making and selling unauthorized Robert Indiana artworks. The verdict, delivered on April 23, follows a complex legal battle that began just before Indiana's death in 2018, involving accusations of exploitation, fraud, and copyright infringement. McKenzie and caretaker Jamie Thomas were also accused of taking advantage of the elderly artist. The case has cast doubt on the authenticity of some late Indiana works and affected his market, with his auction record remaining at just over $4 million since 2011.

Art Basel Curbs Pre-Fair Sales—and More Art Industry News

Art Basel has launched a "Basel Exclusive" initiative to curb pre-fair PDF sales, encouraging galleries to withhold works from previews to drive in-person discovery at its flagship Swiss event (June 16–21). Around 170 of 232 exhibitors have opted in. Meanwhile, Volta returns to Basel with a new "5,000 Edit" section for works under CHF 5,000 to attract younger collectors, and the alternative fair Esther will hold its third edition in New York during Frieze Week. In other news, Sotheby's set a U.S. record for design auctions with the Jean and Terry de Gunzburg collection totaling $96 million, and billionaire collector Mitchell P. Rales pledged $116 million to the National Gallery of Art to fund loans to smaller museums. The Smithsonian American Art Museum named Lynda Roscoe Hartigan as its new director, and Gladstone Gallery plans a new Seoul space for 2026.

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.

Notes from New York: The World in a Convex Mirror

The article reviews the sixth edition of MoMA PS1's quinquennial survey 'Greater New York 2026,' which coincides with the institution's 50th anniversary. It highlights works by artists such as Covey Gong, Win McCarthy, Mekko Harjo, and Sophie Friedman-Pappas, noting how the exhibition's themeless structure and use of reflective surfaces create a hall of distorted reflections. The show includes 53 emerging and midcareer artists, mostly millennials, and is accompanied by a block party and gala rather than a dedicated commemorative exhibition like FORTY (2016).

Tracing the Arc of British Sculpture From Modernism to Today

A new exhibition titled “Modern British: Modern & Contemporary British Sculpture” has opened at Bowman Sculpture in London, tracing the evolution of British sculpture from Modernism to the present day. The show features iconic figures such as Henry Moore, Eduardo Paolozzi, and Lynn Chadwick alongside emerging talents like Rufus Martin and Joanna Allen, creating cross-generational dialogues. Highlights include Moore’s *Small Seated Figure* (ca. 1936) and Paolozzi’s *Richard Rogers as Newton* (1990). The exhibition runs through May 29, 2026, and reflects the gallery’s shift from focusing on Modern masters to embracing contemporary voices.

Gozo Yoshimasu Wins £200,000 Serpentine x FLAG Art Foundation Prize

Tokyo-based poet and artist Gozo Yoshimasu has won the inaugural Serpentine x FLAG Art Foundation Prize, receiving £200,000 (approximately $272,000) along with solo exhibitions at Serpentine Galleries in London in fall 2027 and at the FLAG Art Foundation in New York in spring 2028. Yoshimasu, 87, emerged from the avant-garde scene of 1960s Tokyo and is known for blending poetry with performance, photography, audio recordings, and moving image. His work has been featured in the Shanghai Biennale, the Bienal de São Paulo, and major surveys such as “Poet Slash Artist” at Factory International. The prize was selected by a jury including Serpentine artistic director Hans Ulrich Obrist, FLAG Foundation director Jonathan Rider, MoMA curator Michelle Kuo, Museum MACAN director Venus Lau, and artist Rirkrit Tiravanija.

Canadian Masterworks Lead Heffel’s Spring Sales

Heffel Fine Art Auction House will hold its Spring Auction on May 21, 2026, featuring two sessions: Post-War & Contemporary Art and Old Master, Impressionist, & Modern Art. The sale, held in Toronto and online, includes works by Canadian masters such as Alex Colville, Jean-Paul Riopelle, Guido Molinari, and E.J. Hughes, with top estimates reaching up to $1.75 million CAD for Hughes' 'Coastal Boats Near Sidney, BC'.

Researchers Identify Enslaved Boy in Joshua Reynolds Painting

Researchers in the U.K. have identified the enslaved boy depicted in Joshua Reynolds's 1748 painting of Royal Navy lieutenant Paul Henry Ourry. For centuries known only as "Jersey," the boy has been identified as George Walker, also called Boston Jersey, through baptismal and admiralty records. Walker was baptized at age 15 in Westminster in 1752, served on HMS Monmouth and HMS Deptford, and was discharged in 1753, after which his fate remains unknown. The research, a collaboration between the National Trust, the National Gallery in London, and Royal Museums Greenwich, also used scientific analysis to reveal Reynolds's original compositional intentions.

New Louvre Chief Christophe Leribault Reveals His Vision for the Museum Post-Heist

Christophe Leribault, the new director of the Louvre, has outlined his vision for the museum following a $100 million heist in October 2025. The Apollo Gallery, where the theft occurred, will reopen in July with a redesigned display that removes mineral cases to highlight its Romantic wall paintings, inspired by Versailles’s Hall of Mirrors. Empress Eugénie’s diamond-and-emerald crown, crushed by the thieves, is being restored and will become a new highlight. Security upgrades include window bars, 100 new cameras by 2026, a mobile police station, and a new security coordinator. The heist led to the resignation of former director Laurence des Cars in February.

The Same Dead Thing Alive: Contemporary Archives in L.A. and Beyond

MONUMENTS at MOCA and The Brick

The article reviews the exhibition "MONUMENTS" held at both MOCA (Museum of Contemporary Art, Los Angeles) and The Brick, as covered by Contemporary Art Review LA. The review, written by Qingyuan Deng, appears in Issue 43 (February 2026) of the publication, which also features other reviews, interviews, and essays on topics ranging from olfactory art to tarot and video art.

2026 Carla Art Auction is Live!

Desperate, Scared, But Social at UC Irvine Langson Orange County Museum of Art

The group exhibition "Desperate, Scared, But Social" at the UC Irvine Langson Orange County Museum of Art (Langson IMCA) explores the complexities of contemporary social dynamics and collective anxiety. The show brings together diverse artistic perspectives to examine how individuals navigate a landscape defined by political instability, environmental concerns, and the pervasive influence of digital connectivity.

There will be mud! Could my child (and buggy) survive a day at a sculpture park?

A parent takes their toddler to Yorkshire Sculpture Park (YSP) in West Yorkshire, UK, during a rainy February day. Despite the mud and drizzle, the child engages with outdoor artworks by Barbara Hepworth, Henry Moore, Bharti Kher, Sol LeWitt, Vanessa da Silva, and Damien Hirst, treating the sculptures as playgrounds and objects of discovery. The park offers free activity packs, a Hidden Forest designed for under-fives, and a family-friendly environment that encourages children to explore art and nature without the constraints of indoor galleries.

Fair Week in NYC!

New York City is hosting a packed week of art fairs in May 2025, including Frieze at The Shed, Independent Art Fair at Pier 36, TEFAF New York at the Park Avenue Armory, and NADA New York at the Starrett-Lehigh Building. The fairs feature hundreds of international galleries, with Frieze emphasizing Central and South American exhibitors, Independent exploring a dystopian theme, TEFAF offering antiquities and fine art, and NADA celebrating its 12th edition with 121 galleries. The article also notes recent major exhibitions at the New Museum, Whitney Biennial, MoMA PS1, The Met, and MoMA, and includes a guide to Upstate New York art destinations.

The 5 Best Booths at miart 2026

The 30th edition of miart opened its doors at the Allianz MiCo convention center in Milan, marking a significant milestone for Italy’s premier international modern and contemporary art fair. As the city continues its ascent as a global art capital, the 2026 fair attracted a diverse continental crowd of collectors and professionals ahead of the upcoming Venice Biennale.

Catherine Opie “To Be Seen” at National Portrait Gallery, London

The National Portrait Gallery in London is hosting "Catherine Opie: To Be Seen," the first major UK museum exhibition dedicated to the American photographer. The show brings together over 80 photographs spanning 30 years of Opie's career, exploring themes of social, political, and individual identity through studio portraiture, environmental studies, and documentary images.

The Permanence of Refusal: Interview with Ding Yi

Chinese artist Ding Yi, who first appeared at the Venice Biennale in 1993 as part of the inaugural Chinese contemporary art exhibition, has returned to Venice with his first solo show in the city, titled “Cosmotechnics: Ding Yi as a Planetary Code” at Fondazione Querini Stampalia. The exhibition, referencing philosopher Yuk Hui's concept of cosmotechnics, traces Ding Yi's abstract visual language from the 1980s to the present, featuring new and historic works that engage with the modernist architecture of Carlo Scarpa. In an interview with ArtAsiaPacific during the 61st Venice Biennale preview week, Ding Yi reflects on the evolution of his practice, his travels, and the deep perceptual frameworks of ancient civilizations.

What’s Gone Wrong in the Glasgow Art Scene?

Rachel Ashenden surveys the precarious state of Glasgow's visual arts scene in March 2026, following the liquidation and closure of the Centre for Contemporary Arts (CCA) after years of mismanagement, a winter shutdown in 2024, and a protest by Arts Workers for Palestine Scotland that led to arrests. She visits artists and organizers across the city, including Rae-Yen Song's exhibition at Tramway, which evolved from a research show at the now-closed CCA, and speaks with Transmission co-founder Alastair Strachan about the city's artist-led legacy.