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Art Basel’s Parent Company Plans New ‘Ideas Festival’—and More Art Industry News

MCH Group, the parent company of Art Basel, is launching a new global ideas festival called the Futurific Institute in Basel in 2028, backed by billionaires James and Kathryn Murdoch. Art Dubai has postponed its 20th edition due to regional conflict, while several galleries are opening, closing, or changing locations, including Brooke Benington in London and Timothy Taylor in New York. Additionally, Mexico is demanding eBay remove listings for pre-Columbian artifacts, and institutions like the Royal Academy of Arts and MCA Chicago are announcing key leadership changes.

aspen art week fair collectors sales report 1234748586

The second edition of the Aspen Art Fair opened at the historic Hotel Jerome with over 40 exhibitors from more than 15 countries, more than doubling its size from the previous year. The fair is one of three major events during Aspen Art Week, alongside Intersect Aspen Art and Design (now in its 15th edition) and the AIR Festival, a $20 million initiative by the Aspen Art Museum. Dealers and advisers, including Paul Henkel of Palo Gallery and Christian Gundin of El Apartamento, noted that while there are too many art fairs globally, Aspen's smaller, hyper-focused format attracts serious collectors and fosters stronger relationships. Blue-chip galleries like Sean Kelly and Marianne Boesky also participated, with Boesky having a long history in the town.

aspen air festival 2025 1234749067

The inaugural AIR festival took place in Aspen as part of Aspen Art Week, featuring a mix of talks, performances, and a closed-door retreat for artists, writers, scientists, and theorists. Highlights included a pack of panting huskies, a psychoanalysis talk in a psychedelic chapel, an artist conversing with his AI doppelganger, and a whispery musical performance on a museum rooftop. The festival kicked off with a film by Apichatpong Weerasethakul accompanied by composer Rafiq Bhatia, followed by discussions on dreaming and catastrophe, and site-responsive works by Jota Mombaça and Paul Chan.

James Murdoch and Art Basel’s Parent Company Are Working on a Big Ideas Festival to Launch in 2028

James and Kathryn Murdoch, through their respective organizations Lupa Systems and Futurific, are partnering with MCH Group, the parent company of Art Basel, to create a new major festival called the Futurific Institute. The event, set to launch in Basel, Switzerland in the summer of 2028, aims to be a cross-disciplinary gathering focused on art, culture, technology, and future-oriented problem-solving, drawing comparisons to world's fairs and events like TED Talks.

aspen summer activities season guide

This article from Cultured magazine features a series of short interviews with several art-world figures about their favorite summer activities in Aspen, Colorado. Participants include jewelry designer Jenna Blake, gallerist Marianne Boesky, collector Lesley Slatkin, art advisor Meredith Darrow, and gallerist Richard Edwards, who share personal recommendations for hikes, restaurants, spas, and the unique lifestyle Aspen offers during the summer season.