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.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

Online Auctions Continue to Draw in First-Time Art Buyers as Sales Grow

Online-only sales of fine art at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions reached $423.9 million in 2025, an 8 percent increase from 2024. The number of lots sold remained steady at 29,623, but the average price per work rose 8.6 percent to $14,309. Sales were 270 percent higher than in 2019, before the pandemic accelerated the shift to digital auctions. Christie’s reported that 63 percent of new buyers in 2025 made their first purchase online.

Online-Only Art Auctions Overwhelmingly Succeed in 2025

A new report from Artnet reveals that online-only auctions at Sotheby’s, Christie’s, Phillips, Bonhams, and Artnet Auctions generated $423.9 million in 2025, an 8% increase from 2024. The average price of artworks sold online also rose 8.6% to $14,309, with some platforms like Fair Warning finding success through hyper-specific sales, such as one centered on Andy Warhol’s 1974 portrait of Brigitte Bardot. Christie’s reported that 63% of new buyers made their first purchase online in 2025, where the average price point was $22,700.

11 Art Shows to See in the Hudson Valley in May 2026

The article surveys 11 art exhibitions opening across the Hudson Valley in May 2026, highlighting a regional preoccupation with structure, materiality, and resistance to singular narratives. Featured shows include "Surface, Structure, String" at Hudson Hall, a textile survey curated by Richard Saja with artists like Portia Munson and Laleh Khoramian; "Jose Picayo: 35 Years in Photographs" at Robin Rice Gallery; "The Linda McCartney Retrospective: From the Light" at the Fenimore Art Museum; "Carol Seitz: Growth in Difficult Places" at Convey/er/or; and "Stephen Olivier: Hazmat" at ASK in Kingston, among others.

Conductor Launches in Brooklyn With Venice Biennale-Bound Artists and Immersive Projects

Conductor, a new art fair hosted by Powerhouse Arts, opened in Brooklyn on Wednesday night, drawing over 800 visitors within hours. The fair features 28 galleries and 20 special projects, with installations spilling out of traditional booths into shared spaces. Highlights include House of Silence, a tent-like structure by Turkish artist Vuslat and architect Sana Frini; Retorno (2022) by Juan José Barboza-Gubo, presented by Praise Shadows Gallery; and works by Beya Gille Gacha, who is set to appear in the Cameroon Pavilion at the Venice Biennale. Fair director Adrianna Farietta noted that some galleries had to withdraw due to the war in Iran, but the result remains an inclusive and immersive event.

Exhibition | Kang Cheol Gyu, 'KANG Cheolgyu: Discarded Host' at Arario Gallery, Seoul, South Korea

Arario Gallery Seoul presents 'Discarded Host', a solo exhibition by South Korean artist Kang Cheolgyu (b. 1990), running from May 1 to June 20, 2026. The show features new paintings that transform personal emotions and psychological sensations into visual narratives, exploring themes of anxiety, tension, identity, and transformation through fictional environments and indirect self-confrontation.

Russia's 2026 Venice Biennale Will Not Open to the Public, and Other News.

Russia's pavilion at the 2026 Venice Biennale will be closed to the public for nearly the entire run of the exhibition (May 9–November 22), with access limited to a brief preview period for press and invited guests. Instead of physical access, visitors will experience the pavilion's project—titled 'The Tree Is Rooted in the Sky'—via video documentation displayed on exterior screens. The arrangement is widely seen as a compromise shaped by international sanctions and political backlash over Russia's return following its absence after the 2022 invasion of Ukraine. In other news, Matthieu Blazy unveiled his first Chanel cruise collection in Biarritz; San Francisco appointed Matthew Goudeau as its first-ever executive director of arts and culture; the Saudi Arabia Museum of Contemporary Art received a $490 million construction grant from Diriyah Company; and online auction sales grew 8 percent in 2025, generating $423.9 million.

Star of the Wilderness Exhibition celebrating the Publication of "Paint of This Planet” Volume III

ShugoArts in Tokyo presents 'Star of the Wilderness,' an exhibition by Japanese artist Masato Kobayashi celebrating the publication of the final volume of his autobiographical novel trilogy *Paint of this Planet*. The show features new works, including two large-scale paintings—'Artist and the Model' (over 2.6 meters) and 'Star of the Wilderness'—that exemplify Kobayashi's distinctive method of stretching canvas onto its frame while painting directly with his hands. The exhibition traces his journey from Kunitachi, Tokyo, to Ghent, Belgium, where he was discovered by curator Jan Hoet, and later to Tomonoura, Hiroshima, highlighting how his paintings emerge from specific places and moments.

In Piedmont, Langhe, Roero and Monferrato increasingly focus on contemporary art and cultural tourism

In Piemonte le Langhe, il Roero e il Monferrato puntano sempre di più sull’arte contemporanea e il turismo culturale

The Langhe, Roero, and Monferrato regions of Piedmont, Italy, have consolidated their cultural alliance under the name Orma, a unified system launched in 2025 that brings together four existing festivals—Creativamente Roero, Resté, Germinale Monferrato Art Fest, and La collina sale sempre—to offer a widespread contemporary art program across the UNESCO World Heritage territory. In 2026, Orma expands its activities from May to November, involving over 60 municipalities, with new entries like Canelli hosting a site-specific work by Brazilian artist Maria Theresa Alves in partnership with Castello di Rivoli, and projects such as Prospettive / Perspectives with Fondazione Sandretto Re Rebaudengo and Villa Arson. The program includes artist residencies, permanent interventions, and exhibitions, with Resté already underway in the Langhe towns of Diano d'Alba, Montelupo Albese, Rodello, and Cerretto Langhe.

College launches Art exhibition to celebrate Onobrakpeya

The inaugural Gregorian Art Exhibition opened on April 25, 2026, at St. Gregory's College, Ikoyi, Lagos, organized by the Old Boys Association to honor renowned Nigerian artist Bruce Onobrakpeya. The three-day event, themed “Celebrating Legacy, Excellence and Continuity,” brought together an intergenerational mix of artists, cultural figures, and stakeholders, featuring speeches from alumni leaders Dr. Michael Omolayole and Francis Oluwole Kudayah, who announced plans for a yearly art clinic and a digital platform called the “Gregorian Art Mart.” Onobrakpeya, unable to attend in person, reflected on his decision to remain in Nigeria and credited the school for shaping his artistic identity.

Butternut Valley Alliance Seeks Artists For On The Trail Of Art Forest Exhibition

Butternut Valley Alliance (BVA) is accepting artist submissions for On the Trail of Art, its annual forest exhibition scheduled for June 13-14 at General Jacob Morris State Forest in Morris, New York. Artists are invited to submit weatherproof work for outdoor display along a forest trail, and may also contribute to BVA’s online auction. The event includes wandering musicians, poetry readings, live bands, art demonstrations, and a treasure hunt for commemorative hand-blown crystal balls, with select installations reflecting on America’s 250th anniversary. An opening reception will be held June 12 at Dunderberg Gallery in Gilbertsville.

Creativity, contrast, conversation: Mumbai’s Tao Art Gallery promotes dialogue through exibitions

Mumbai’s Tao Art Gallery is fostering artistic dialogue through a series of exhibitions that emphasize creativity, contrast, and conversation. The gallery’s programming highlights diverse visual narratives and encourages engagement between artists and audiences.

Equatorial Guinea debuts at the Venice Biennale with Paraguayan artist Ingrid Seall and the theme of undergrowth

Equatorial Guinea makes its debut at the Venice Biennale with a national pavilion at Palazzo Donà dalle Rose, featuring Paraguayan artist Ingrid Seall and her work "Manar." The pavilion, titled "The Forest: The Undergrowth," runs from May 9 to November 22, 2026, and presents an immersive journey inspired by Equatorial Guinea's forests. Seall's piece uses materials like paper, cellulose, iron, and cassava paste to create a vertical, living organism that transforms waste into vital matter. The exhibition includes works by multiple international artists and is curated by Joan Abelló, with Brazilian commissioner Paulo Speller.

Rising Lines at ReachOut Art Gallery Brings Together Emerging Artistic Voices

An exhibition titled 'Rising Lines' opens on 3rd May 2026 at ReachOut Art Gallery in Nashik, bringing together a curated group of emerging artists at different stages of their creative journeys. The show, on view until 14th June 2026, emphasizes evolving artistic processes, experimentation with form and material, and personal narratives, rather than presenting finished bodies of work. The gallery positions itself as a space dedicated to nurturing emerging talent in Nashik's growing contemporary art scene.

President Neufeldt Hosts Fourth Student Art Exhibition

California State University, Northridge (CSUN) President Ellen Neufeldt hosted the fourth student art exhibition, titled "Forms of Growth," at her home last weekend. The exhibition featured works by four student artists—Amber Miller, Charlotte Dumbeck, Destiny Kirchner, and Rodas Alonzo—and was curated by alumna Sarah Bricke. A reception was held where the artists and curator spoke with attendees.

Marko Tadić “Funga Robo” at Trotoar, Zagreb

Marko Tadić presents his solo exhibition "Funga Robo" at Trotoar in Zagreb, showcasing recent works that explore speculative futures of cities through the lens of artistic ecologies. The exhibition title merges references to fungal mycelia and robotics, establishing a dialogue between biological systems and technological development.

Senior artwork shines in "Beneath the Surface" exhibit at Spokane Art School

Gonzaga University's Art Department is presenting "Beneath the Surface," a senior art exhibit running through May 8 in partnership with the Spokane Art School. The show features capstone projects from graduating students, including oil paintings, a punk-style zine and CD project, and digital works exploring themes like motherhood and anxiety. Assistant art professor Jennifer Seo describes the exhibit as a culmination of skills learned over four years, with students gaining hands-on exhibition experience and building professional portfolios.

Art Liard Explores Nature’s Fragile Equilibrium in London

Art Liard presents a new exhibition in London exploring nature's fragile equilibrium, featuring works that examine the delicate balance of natural ecosystems. The show includes a series of paintings and installations that respond to environmental themes, highlighting the tension between growth and decay in the natural world.