Frieze New York Kicks Off with Seven-Figure Sales and High Energy: ‘It’s a Fiesta’

Frieze New York kicked off its preview day at the Shed in Manhattan with strong sales and high energy, as many attendees arrived fresh from the Venice Biennale. Galleries reported brisk presales and early placements, with White Cube selling major works by El Anatsui and Antony Gormley for seven-figure sums, and other dealers like James Cohan Gallery nearly selling out their booths. Collectors, advisors, and celebrities including Anderson Cooper, Michael Stipe, and Leonardo DiCaprio were spotted, while the Brooklyn Museum made acquisitions through the new Sherman Family Foundation Acquisition Fund.

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.

$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.

Ten years on, Tefaf New York still stands out from the crowd

Tefaf New York returns to the Park Avenue Armory from 15 to 19 May, bringing together 88 exhibitors from 14 countries. The fair, which launched in 2016 as a two-part event and consolidated into a single annual edition in 2022, spans Greco-Roman antiquities, jewellery, 20th-century design, and contemporary art. This year’s edition includes nine new exhibitors such as David Lévy, Larkin Erdmann, Piano Nobile, Macklowe Gallery, and ML Fine Art, and sees the return of John Berggruen after a three-year absence. Fair leadership, including director Leanne Jagtiani and head of fairs Will Korner, emphasize the fair’s distinctive focus on Modern art, which they say differentiates it from other spring fairs in New York that are more heavily weighted toward contemporary work.

The Works, Trends, and Artists Artnet Specialists Can’t Stop Thinking About

Artnet Auctions has three sales currently live: Post-War and Contemporary Art (through May 20), Contemporary Editions (through May 29), and Private Sales for immediate purchase. Three Artnet specialists highlight key lots: Robert Rauschenberg's 'Corridor (Hoarfrost)' (1978), Emily Mason's 'Express Report' (1988), and Andy Warhol's 'Double Mickey Mouse' (1981). The specialists discuss market trends, including the growing importance of artist foundations in supporting scholarship and market health, the rapid revaluation of post-war women abstractionists like Mason, and shifts in the prints market as consignors leverage demand.

At 77, Painter Archie Rand Is Still Telling New Stories

At 77, painter Archie Rand continues to create vibrant, narrative-driven works from his expansive Brooklyn studio. A new exhibition of his "Heads" series at Jarvis Art, co-curated by Max Werner and Lindsay Jarvis, features paintings that plunge viewers into the middle of unfolding stories, such as "Duck" (2025), where children sail a catboat through rough seas. Rand describes his process as chasing what lies "around the corner" in his compositions, prioritizing the mystery of the background over the central figures.

Frieze New York 2026 Reports Major Sales and Acquisitions

Frieze New York 2026 closed its 15th edition at The Shed on May 17, drawing 25,000 visitors from 75 countries and featuring 68 galleries from 26 countries. The fair reported strong sales across market levels, including seven-figure transactions such as El Anatsui's *LuwVor I* sold by White Cube for $2.2 million and Georg Baselitz's *Stunde der Nachtigall* sold by Thaddaeus Ropac for €1.4 million. The inaugural Sherman Family Foundation Acquisition Fund enabled acquisitions by the Brooklyn Museum and the Baltimore Museum of Art, with works by Bettina, Reika Takebayashi, Seba Calfuqueo, and Joanne Burke. Several galleries, including Johyun Gallery and James Cohan, reported sold-out or near-sell-out booths.

New York Art Week 2026 Frieze And TEFAF Report

New York Art Week 2026 featured major art fairs including Frieze New York at The Shed, which drew 25,000 visitors from 75 countries and launched the Sherman Family Foundation Acquisition Fund, placing works by four artists into the Brooklyn Museum and Baltimore Museum of Art. TEFAF New York at the Park Avenue Armory presented over 90 international galleries across historic period rooms, while satellite fairs Independent, NADA New York, and 1-54 Contemporary African Art Fair offered focused alternatives. Auction houses Sotheby's, Christie's, and Phillips opened free spring sale previews featuring highlights such as Roy Lichtenstein's 'Anxious Girl' and the Lewis Collection.

New York Is About to Sell $3 Billion in Art. Who’s Buying?

Vanity Fair's Nate Freeman reports on New York's spring art season, where auction houses are poised to sell at least $2.6 billion in art alongside major museum exhibitions (Raphael at the Met, Duchamp at MoMA, Matisse at Acquavella) and the opening of Frieze New York at The Shed. The article follows the social and commercial frenzy, highlighting a David Shrigley gong installation at Anton Kern Gallery's booth and the enduring dominance of New York, where nearly 90% of U.S. art sales occur.

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.

5 very different art fairs throughout two days in New York City

The article reports on five distinct art fairs—Frieze, NADA, Independent, 1-54, and Esther III—visited during New York Art Fair Week. It highlights key artists and works, including Kelly Tapia-Chuning's deconstructed serapes at NADA, Esaí Alfredo's queer nighttime paintings, Alex Burke's textile dolls at 1-54, and Laetitia KY's photographic self-sculpture. The fairs collectively emphasized themes of environmentalism, globalism, decolonization, and a growing textiles sector, with curation varying widely from commercial to conceptually driven.

Behind every great artist... there is a great gallery. A look at the 2026 Venice Biennale

Dietro ogni grande artista… c’è una grande galleria. Un punto sulla Biennale Arte 2026

The 61st Venice Biennale, titled "In Minor Keys" (May 9 – November 22, 2026), features over 90% living artists, a significant shift from recent editions focused on historical rediscoveries. Curated by the late Koyo Kouoh (1967–2025), the first African woman to lead the Biennale, the exhibition includes 111 artists, with a majority of women (64 vs. 48 men) and the highest percentage of African-born artists ever (20%). Notable participants include Nick Cave, Carsten Höller, Alfredo Jaar, and Kader Attia, with a focus on mid-career and established figures rather than emerging or deceased artists.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

Exhibition | William Turnbull, 'Origins (1946–1959)' at Karma, Chelsea, New York, United States

Scottish artist William Turnbull (1922–2012) is the subject of a new exhibition titled 'Origins (1946–1959)' at Karma gallery in Chelsea, New York. The show surveys Turnbull's early career, focusing on the transformative period after World War II when he moved between Surrealist Paris and Abstract Expressionist New York. It features key works such as the sculpture 'Horse' (1946), inspired by a Parthenon marble at the British Museum, and 'Playground (Game)' (1949), reflecting his interest in phenomenology and movement. The exhibition traces his evolution from an illustrator and Slade School student to a sculptor and painter who engaged elemental forms like the horse, standing figure, and human head.

Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

TEFAF New York Opened to Crowded Aisles, Bullish Collectors, and Strong Booths

TEFAF New York opened at the Park Avenue Armory with unexpectedly strong crowds and a buoyant mood, defying the typical afternoon lull. Dealers reported heavy foot traffic and sustained conversations, with gallerist Sean Kelly calling it the best edition in years. The fair, running through May 19, features a mix of antiquities, design, modern, and contemporary art, with standout booths including Alison Jacques’s pairing of Dorothea Tanning, Robert Mapplethorpe, and Gordon Parks, and Sean Kelly Gallery’s display of works by Shahzia Sikander and Sam Moyer. The newly launched Pace Di Donna Schrader Galleries made its TEFAF debut with works by Eugène Delacroix, Willem de Kooning, and Alexander Calder.

Contemporary Icons and Modern Masters Headline This Major May Sale

Rago/Wright is hosting two major spring sales on May 14, 2026: 'Pure Edge: American Geometric Abstraction, Selected Works from the Museo de Arte Contemporáneo de Buenos Aires' and a Post War and Contemporary Art sale. The first features 19 works from the museum's premier collection of American geometric abstraction, while the second spans 20th- and 21st-century art. Highlighted lots include Sam Gilliam's 'Sun Woman' (1970, est. $300,000–$500,000), Annie Morris's 'Stack 7 (Ultramarine Blue)' (2015, est. $150,000–$200,000), Miyoko Ito's 'Adam and Eve' (1957, est. $200,000–$300,000), and Maria Martins's 'Impossible' (1946, est. $150,000–$200,000).

Whistleblower Complaint Alleges Misconduct at Palm Springs Art Museum, Where an Ex-Trustee Describes a ‘Shattered Moral Compass’

An anonymous whistleblower has filed a complaint alleging misconduct by leadership at the Palm Springs Art Museum, including improper movement of funds between accounts to address cash shortages, the forced resignation of a former director based on fabricated staff complaints, and a failure to properly interview external candidates for the director position. The complaint, forwarded to ARTnews, also references a $3 million discrepancy in the reported endowment value and the departure of several trustees, leaving the board below its required size. The museum has formed a special committee to investigate the allegations, which were first reported by the Los Angeles Times in November 2025.

New York Galleries: Openings and Closings (04/27-05/03)

Basquiat’s 'Museum Security' leads Sotheby’s New York contemporary evening sale at US$52.7m

Jean-Michel Basquiat's 1983 painting 'Museum Security (Broadway Meltdown)' sold for US$52.7 million at Sotheby's Now and Contemporary Evening Auction in New York, becoming the fifth-most expensive Basquiat ever auctioned. The work, estimated at over US$45 million and backed by an irrevocable bid, hammered at US$45.3 million to a telephone bidder represented by Sotheby's Lucius Elliott. The auction totaled US$266.8 million with fees, selling 40 of 44 lots, and combined with the preceding Robert Mnuchin collection sale—led by Mark Rothko's 'Brown and Blacks in Reds' at US$85.8 million—the evening brought in US$433.1 million.

Switzerland’s flagship fair brings the art world to town

The article recounts a journalist's trip to Switzerland for Art Basel 2025 and the surrounding satellite events, including Zurich Art Weekend and visits to galleries and museums in Zurich and Bern. It highlights the participation of Canadian galleries like Catriona Jeffries and Eli Kerr, as well as encounters with artists such as Jeffrey Gibson, Monster Chetwynd, and Pipilotti Rist. The tour covers institutional highlights like the Kunsthalle Zürich, Kunsthaus Zürich, Zentrum Paul Klee, and the Kunstmuseum Bern, with exhibitions featuring Carol Rama, Kurt Schwitters, and Tai Shani.

Thelma Appel | Thelma Appel - Worlds (2010) | Available for Sale

The representational and abstract painter Thelma Appel is seeing a resurgence in market and institutional interest, highlighted by the sale of her 2010 work "Worlds." This specific piece, part of her "Journey of the Tarot" series, was a centerpiece of her 50-year career retrospective at the Brattleboro Museum and reflects her unique fusion of Kabbalistic mysticism, landscape, and abstraction.

Coveted Rothko From Robert Mnuchin’s Collection Nets $85.8 Million in New York

A major Mark Rothko painting, *Brown and Blacks in Reds* (1957), from the collection of the late financier and dealer Robert Mnuchin, sold for $85.8 million at Sotheby’s New York, becoming the second-highest price ever achieved for the artist at auction. The work, estimated at $70–100 million, was part of an 11-lot sale dedicated to Mnuchin’s collection, which also includes works by Willem de Kooning, Pablo Picasso, and Franz Kline. A phone bidder won the painting, with Helena Newman, chairman of Sotheby’s Europe, handling the bid.

It is the great Mark Rothko leading Sotheby's first auctions in New York

È il grande Mark Rothko a guidare le prime aste di Sotheby’s a New York

Sotheby's kicked off New York's art and auction week with two major sales on May 14, 2026, led by the highly anticipated Robert Mnuchin: Collector at Heart Evening Auction. The top lot was Mark Rothko's "Brown and Blacks in Reds" (1957), which sold for $85.8 million, the second-highest price ever for the artist at auction. The Mnuchin auction achieved a "white glove" sale, selling all 11 lots for a total of $166.3 million, followed by The Now & Contemporary Evening Auction which brought in $266.8 million. Combined, Sotheby's generated $433.1 million, a 133% increase over its May 2025 session. The sales reflect a strong return of high-value trophy lots to the secondary market, driven by the dispersal of prominent collectors' estates.

In Barcelona, the Joan Miró Foundation celebrates 50 years. All the planned initiatives

A Barcellona la Fondazione Joan Mirò festeggia 50 anni. Tutte le iniziative in programma

The Joan Miró Foundation in Barcelona is celebrating its 50th anniversary with an extensive program of exhibitions, concerts, performances, and public initiatives. The festivities begin on June 11 with the exhibition "Poetry Has Just Begun: 50 Years of the Miró," a retrospective tracing the foundation's history and its role in the international art system. Other highlights include "Miró and the United States" in autumn, exploring the artist's dialogue with post-war American avant-garde figures like Louise Bourgeois, Helen Frankenthaler, Jackson Pollock, and Mark Rothko, organized in collaboration with the Phillips Collection in Washington. In March 2026, the foundation will unveil a new permanent collection layout based on Miró's creative processes and open the Garden of the Cypresses, a previously inaccessible historic area on Montjuïc.

The Museo Casa Natal Picasso rescues Marisol Escobar, the forgotten queen of pop art

The Museo Casa Natal Picasso in Málaga, Spain, has opened the exhibition "Ni Musas Ni Modelos" (Neither Muses Nor Models), which seeks to reclaim the legacy of Marisol Escobar, a Venezuelan-born pop artist who rose to fame in the 1960s but later fell into obscurity. The show features over forty works by Escobar—including her piece "Saco La Lengua" (I Stick Out My Tongue)—alongside works by thirty other artists such as Dorothea Tanning and Helen Frankenthaler, aiming to correct the historical sidelining of female artists.

Louisville’s Speed Art Museum shines a light on the women of Abstract Expressionism

The Speed Art Museum in Louisville, Kentucky, will host "Abstract Expressionists: The Women" from May 16 to August 30, 2026. This is Kentucky's first exhibition devoted to Abstract Expressionism, featuring over 30 major female artists including Helen Frankenthaler, Joan Mitchell, Vivian Springford, Grace Hartigan, and Lee Krasner. The show includes works like Frankenthaler's *Circus Landscape* (1951) and Springford's *Scuba Series* (1972–1984/5), along with archival materials and a timeline of women's artistic achievements. Organized by the American Federation of Arts from the Christian Levett Collection and FAMM (Female Artists of the Mougins Museum), France, the exhibition is curated by Dr. Ellen G. Landau and presented locally by Tyler Blackwell.

Helen Frankenthaler at Kunstmuseum Basel

Kunstmuseum Basel has opened a major exhibition of Helen Frankenthaler's work, running from April 18 to August 23, 2026, featuring over 50 large-format pieces spanning six decades. The Helen Frankenthaler Foundation loaned 37 works for the show. The article also notes recent auction results, including Christie's offering of 'The Last Minute in April' (1974) for an estimated $2–3 million, and Sotheby's sales of 'St. John' (1971) for $2.1085 million and 'Perseus' (1983) for $2.804 million. Previous European exhibitions of Frankenthaler's work are listed, including shows at Museo di Palazzo Grimani, Museum Folkwang, Palazzo Strozzi, and Museum Reinhard Ernst.

Woody De Othello Celebrates First Major Solo Public Exhibition in New York with Public Art Fund

Woody De Othello's first major solo public exhibition in New York, titled "Guardian Spirit," has opened at Brooklyn Bridge Park, presented by Public Art Fund. The exhibition features monumental redwood totems standing 20 to 22 feet tall, carved with chainsaws and grinders, alongside bronze sculptures created between 2021 and 2025. The works explore themes of ritual, spirituality, and the elemental forces of wind and water, drawing inspiration from nkisi, ritual objects from Western and Central Africa. The exhibition runs from May 5, 2026, to March 8, 2027, with sculptures installed at Pier 1 and the Manhattan Bridge View.