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At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

nicolas partys new miniature paintings are a hit will they reset his struggling auction market

Nicolas Party's exhibition "Dead Fish" at Karma gallery in Chelsea, New York, features approximately 40 postcard-sized oil-on-copper works and a mural of three dead fish, a departure from his usual large-scale pastel paintings. Only 10 of the works were for sale, priced between $165,000 and $205,000, and all sold quickly. The show includes replicas of his earlier compositions, described as a "retrospective in miniature," with many pieces drawn from his archive and not available for purchase.

$2.2 million El Anatsui work leads Frieze New York 2026 sales.

Frieze New York 2026 opened its 15th edition at The Shed in Manhattan on May 13th with a VIP preview, drawing collectors, museum directors, artists, and celebrities like Leonardo DiCaprio, Julia Fox, and Sharon Stone. The fair features 68 galleries from 25 countries and runs through May 17th, with a $2.2 million work by El Anatsui leading reported sales.

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.

In the Studio With 33 of the Hottest Art Stars on the Planet

Vanity Fair profiles 33 emerging art stars who have broken into the upper echelon of the art world within the last five years, despite a contracting art market. The feature, written by Nate Freeman and photographed by Jeff Henrikson, highlights artists like Jadé Fadojutimi, Anna Weyant, and Chase Hall, whose work commands high prices and long waiting lists from top collectors. The selection was based on research including gallerist interviews, museum acquisitions, auction results, and dealer insights.

flag art foundation serpentine galleries artist prize

The FLAG Art Foundation, based in New York, has pledged £1 million ($1.3 million) to London's Serpentine Galleries to establish a new biennial artist prize. Named the Serpentine x FLAG Art Foundation Prize, it will award £200,000 ($265,000) to an international artist who has been exhibiting for fewer than ten years, along with an exhibition at both institutions and a catalog. The first winner will be selected in 2026, with exhibitions at Serpentine in 2027 and FLAG in 2028. The prize is funded by collector Glenn Fuhrman's foundation and is the largest contemporary art prize in the UK.

zero art fair new york free art

The Zero Art Fair, running through Saturday at the Flag Art Foundation in Chelsea, New York, offers visitors the unusual option of taking artworks home for free. Co-founded by artists Jennifer Dalton and William Powhida, the fair operates on a model where buyers can either purchase a piece outright or acquire it at no cost, with the condition that their name appears on a public registry and they agree to lend the work for exhibitions. If no paying buyer emerges after five years, the free acquirer keeps the work permanently. The fair's first edition took place during Upstate Art Week in a Hudson Valley barn, and this second edition is supported by sponsors including collector Glenn Fuhrman's Flag Art Foundation and Gagosian gallery.

FAD News: Serpentine x FLAG Art Foundation Prize Announces Star-Studded Selection Committee

The Serpentine x FLAG Art Foundation Prize has announced its selection committee for the inaugural award, the largest contemporary art prize in the UK given to a single artist. The five-person jury includes Michelle Kuo (Chief Curator at Large and Publisher at MoMA), Venus Lau (director of Museum MACAN), Hans Ulrich Obrist, Jon Rider, and artist Rirkrit Tiravanija. The committee met in London on 23rd April to select the first recipient, who will be announced on 12th May. The prize awards £200,000 biennially over ten years, totaling £1 million across five artists, with each recipient developing a new body of work culminating in exhibitions at Serpentine in London and The FLAG Art Foundation in New York.

FAD News: Gozo Yoshimasu awarded inaugural Serpentine x FLAG Art Foundation Prize

Gozo Yoshimasu has been awarded the inaugural Serpentine x FLAG Art Foundation Prize, a new biennial award providing £200,000 per recipient over ten years, totaling £1 million in artist support. The jury included Michelle Kuo, Venus Lau, Hans Ulrich Obrist, Jonathan Rider, and Rirkrit Tiravanija. Yoshimasu, born in Tokyo in 1939, is known for his interdisciplinary practice spanning poetry, performance, photography, and experimental moving image. As part of the prize, he will stage a solo exhibition at Serpentine North in autumn 2027, traveling to The FLAG Art Foundation in New York in spring 2028—his first major solo institutional presentations in Europe and the United States.

Serpentine Galleries and FLAG Art Foundation launch U.K.’s biggest contemporary art prize.

Serpentine Galleries in London and the FLAG Art Foundation in New York have announced a new biennial artist prize that will award £200,000 ($264,700) to five artists, one selected every two years, making it the largest single-artist prize in the United Kingdom. The total payout over the next decade is £1 million ($1.32 million). Each winner will receive a solo exhibition at Serpentine, which will then travel to the FLAG Art Foundation in New York. The prize launches in 2026, with the first exhibition scheduled for fall 2027 in London and spring 2028 in New York. Eligible artists must be actively working, have a strong exhibition record, and no more than 10 years of professional show history. A jury of art historians, curators, and artists will select winners from nominations.

The FLAG Art Foundation Named Founding Sponsor of Alchemy with Anthony Mason, Launching May 6

The FLAG Art Foundation has been named the founding sponsor of "Alchemy with Anthony Mason," a new long-form interview series launching May 6, 2026. Hosted by CBS News special correspondent Anthony Mason, the series features intimate 45-minute conversations with artists such as Hozier, Paul Simon, Nile Rodgers, Violet Grohl, and Taj Mahal, focusing on the transformative creative process rather than the finished work. The partnership is integrated into the series' identity, with each episode presented under FLAG's support and connecting viewers to contemporary art exhibitions, including Ellsworth Kelly: Eight Decades at the Parrish Art Museum and the reopening of the David Geffen Galleries at LACMA.

Frank Gehry remembered, Serpentine and FLAG Art Foundation prize, Joan Semmel—podcast

Ben Luke hosts an episode of The Art Newspaper's podcast 'The Week in Art' covering three major stories. First, architect Frank Gehry, known for the Guggenheim Bilbao and Fondation Louis Vuitton, died at age 96; Luke discusses his legacy with architecture critic and Gehry biographer Paul Goldberger. Second, London's Serpentine and New York's FLAG Art Foundation announced a new £1 million prize for artists, awarding £200,000 each to five recipients over ten years—the largest contemporary art prize in the UK for a single artist. Third, the episode features Joan Semmel's painting 'Sunlight' (1978), which is part of a new exhibition at the Jewish Museum in New York, with curator Rebecca Shaykin.

New £200,000 contemporary art prize is biggest in UK

The Serpentine Gallery in London has launched a new contemporary art prize in partnership with the Flag Art Foundation in New York. The Serpentine x Flag Art Foundation Prize will award £200,000 each to five artists over ten years, making it the largest contemporary art prize in the UK. The prize will be given every other year to an international artist who has been exhibiting professionally for less than ten years, with the first winner selected in 2026 and exhibitions at both venues in 2027 and 2028. The Flag Art Foundation was founded by collector Glenn Fuhrman, a trustee of the Museum of Modern Art in New York.