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.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

Twombly Foundation to Exhibit Rare Rauschenberg Works at Gagosian

The Cy Twombly Foundation is presenting six rarely seen early works by Robert Rauschenberg at Gagosian's new Upper East Side gallery in New York. The exhibition includes a fragile 1950 assemblage of twigs and glass, a cyanotype made with his then-wife Susan Weil, a 'Black Painting' from around 1952, and a 1961 assemblage, offering a unique glimpse into a period of the artist's output that he largely destroyed.

The Marcel Duchamps That Got Away: On Collecting His Work and the Sprawling MoMA Show

The article recounts the author's personal experience as a collector who passed up the opportunity to buy a complete set of Marcel Duchamp's readymades at a 2002 Phillips de Pury and Luxembourg auction. The set, editioned by dealer Arturo Schwartz in 1964, included iconic works like *Fountain* and *Bicycle Wheel*, but the sale was a financial failure, with many pieces bought-in or selling for far below expectations. The author later acquired some of the unsold works privately. The piece is framed around the concurrent Duchamp exhibitions at the Museum of Modern Art and Gagosian.

Frank Stella’s Personal Collection of Navajo Textiles Goes on View for the First Time

A selection of Navajo textiles from the personal collection of minimalist artist Frank Stella is being exhibited and sold for the first time. The 55 textiles, dating from the late 19th and early 20th centuries, will be on view at Arader Galleries in New York from May 15 to June 10, then travel to Peter Pap Rugs in New Hampshire in June. Priced between $6,500 and $25,000, the collection includes a large 19th-century blanket that Stella lent to a seminal 1972 exhibition at LACMA. Stella began collecting these works in the mid-1960s after being introduced to Navajo art by Donald Judd and Tony Berlant.

Duchamp in New York

The Museum of Modern Art (MoMA) has launched a major solo exhibition dedicated to Marcel Duchamp, marking the artist's first comprehensive survey in New York City in over 50 years. The exhibition explores Duchamp’s revolutionary impact on modern art, featuring iconic works and archival materials that trace his history from the 1913 Armory Show to his later years in New York. The opening is complemented by a broader "Duchamp spring" in the city, including a forthcoming exhibition of his readymades at Gagosian.

The 17 Gallery Shows to See During Frieze Week in New York

Frieze New York has drawn collectors, curators, and art enthusiasts to the city, but this article highlights 17 gallery shows across Manhattan that are worth seeing during the fair week. Featured exhibitions include Katharina Fritsch's return to Matthew Marks with monumental sculptures, Kim Dacres' tire-based busts at Charles Moffett, Sasha Brodsky's debut solo show at Margot Samel, Jasper Johns' "Copy/Trace" at David Zwirner, and Lucia Hierro's packing-box sculptures at Marc Straus, among others.

Frank Stella’s eye-dazzling collection of Navajo weavings to go on view

An exhibition of Navajo (Diné) weavings from the collection of the late artist Frank Stella opens on 15 May at Peter Pap Rugs at Arader Galleries in New York City, running until 10 June. The show features 40 weavings from the 19th and early 20th centuries, acquired by Stella over four decades for their optical effects and resonance with his own work. Organized by dealer Peter Pap in collaboration with Stella’s widow Harriet McGurk, the exhibition also includes geometric drawings by Stella from the 1960s, on loan from the Frank Stella Estate.

Next stop – infinity! My transcendental experience on Japan’s ‘art island’ guided by its master Lee Ufan

The article profiles Korean-born artist Lee Ufan, who turns 90 next month, and his transcendental art on Japan's Naoshima island. It describes his upcoming major shows: a retrospective in Venice coinciding with the Biennale, and an exhibition at Dia Beacon in New York. Lee, a key figure in the Mono-ha movement, creates works like the steel arch "Porte Vers l'Infini" on Naoshima that engage with nature and perception. The piece traces his career from early violent, resistant sculptures involving cracked glass and boulders to later meditative paintings and installations.

Julie Mehretu Captures Our Contemporary Chaos in Shimmering Abstract Paintings

Julie Mehretu has established herself as a preeminent voice in contemporary abstraction by creating dense, multilayered canvases that synthesize architectural drawings, maps, and media imagery. Her work is characterized by a meticulous accumulation of marks that transform sociopolitical data and historical events into ethereal, gestural compositions. By layering information until it reaches a point of abstraction, she explores how individual and collective identities are shaped by the built environment and global shifts.

At the ‘art world Olympics,’ Team USA is chaotic

The US Pavilion at the 2026 Venice Biennale, often called the 'art world Olympics,' is mired in controversy and delays under the Trump administration. Curator Jeffrey Uslip insists the process has been smooth and artistically autonomous, but the selection of sculptor Alma Allen and commissioner Jenni Parido—a former pet supply shop owner with a new nonprofit—has raised eyebrows. The usual vetting process by the National Endowment for the Arts was disrupted, new language banning diversity, equity, and inclusion efforts was added to applications, and a government shutdown left only six months to fundraise and plan the exhibition, which coincides with the US's 250th anniversary.

Ed Ruscha | Ed Ruscha - Reading Ed Ruscha (Hand Signed by Ed Ruscha) (2012) | Available for Sale

A hand-signed offset lithograph poster by Ed Ruscha, created for the 2012 "Reading Ruscha" exhibition at the Kunsthaus Bregenz in Austria, is available for sale. The poster features an iconic 1971 photograph of the artist by Jerry McMillan and is noted for its rarity, with Ruscha having signed fewer than 50 copies for the institution.

The Top Collections Leading the May Marquee Auctions

The article reports that the May 2025 marquee auctions at Christie's and Sotheby's are being driven by a resurgence of major single-owner collections, reversing a period of trophy scarcity in the secondary market. Key collections include the $130 million Robert E. Mnuchin collection at Sotheby's, the personal collection of gallerist Marian Goodman at Christie's, and the S.I. Newhouse collection expected to generate around $450 million, featuring Jackson Pollock's 'Number 7A (1948)' and Constantin Brancusi's 'Danaïde (1913)'. The article notes that the ultra-high tier above $10 million rose 30% year-on-year, and single-owner collections in New York auctions totaled $730.9 million, an 89.9% increase from Q1 2025.

At MAXXI L'Aquila, exhibition dedicated to Ai Weiwei recounts catastrophes and memory

From April 29 to September 6, 2026, MAXXI L'Aquila presents "AI WEIWEI: Aftershock," an exhibition curated by Tim Marlow featuring approximately seventy works by Chinese artist, architect, and activist Ai Weiwei. The show spans his entire career, focusing on themes of earthquakes, wars, political repression, and memory. The centerpiece is the installation "Straight" (2009–2012), made from 150 tons of steel rods recovered from schools that collapsed in the 2008 Sichuan earthquake, displayed across three rooms. The exhibition is held at Palazzo Ardinghelli, a Baroque building that houses MAXXI L'Aquila and was itself restored after the 2009 L'Aquila earthquake, creating a dialogue between the works and the building's history of recovery.

Archie Rand On the Irreducibility of Painting in a Post-Digital Age

Archie Rand, now in his late 70s, recently held his first extensive solo show in years at Jarvis Art in New York, featuring his new body of work titled "Heads." The exhibition reclaims painting's primordial function, emphasizing the connection between brain and hands, imagination and reality. Rand, who emerged from the downtown New York scene in the late 1970s and early '80s, has witnessed the full postwar evolution of American art. His career includes a pivotal synagogue mural commission that led to backlash from the Orthodox community and a break with critic Clement Greenberg, pushing him toward representational forms. He found allies in figures like Philip Guston and John Ashbery, and after his wife's death ten years ago, began reflecting on mortality and childhood influences.

The Nearly Sixty-Year Career of Legendary Gallerist Enzo Cannaviello: A Wide-Ranging Interview

I quasi sessant’anni di carriera del leggendario gallerista Enzo Cannaviello. Intervista a tutto campo

Legendary Italian gallerist Enzo Cannaviello reflects on a career spanning nearly sixty years, marked by the opening of his ninth gallery space in Milan. The interview traces his journey from founding his first space in Caserta in 1968 to his influential years in Rome and his ultimate establishment in Milan, which he considers the only true art market in Italy. Cannaviello discusses his unwavering commitment to painting, his pivotal role in promoting the German Neo-Expressionists (Neue Wilde), and the current exhibition dedicated to Mimmo Rotella.

Expanded Vocabulary: Revisiting Deborah Kass’ Studio

The article recounts the author's visit to Deborah Kass's Brooklyn studio, which she shares with her wife, artist Patricia Cronin. The visit was prompted by logistical issues related to the author's exhibition "Social Minimalism" (2025). During the visit, the author and Kass revisited themes central to Kass's work over three decades: the exclusion of women from art history, Jewish identity, queer voice, lesbian subjectivity, and postwar American art. The conversation also touched on Kass's series including the Warhol Project, Feel Good Paintings, No Kidding, and the large painting/sculpture installation "Everybody" (2019), which was recently featured in a conversation between Kass and Titus Kaphar in Interview magazine.

Hans Ulrich Obrist Reveals the One Artist Who Refused to Let Him Into Their Studio

Hans Ulrich Obrist, the artistic director of London's Serpentine Galleries, revealed in an interview with the Wall Street Journal that he has never been able to secure a studio visit with the reclusive painter Jasper Johns. Obrist, known for his extensive artist interviews and visits, stated that Johns, now 95, "doesn't see anyone," making him the one artist who has consistently refused Obrist's requests.

Which Country’s Art Market Came Out on Top in 2025?

The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.

SFMOMA reimagines our connection to 250 works of art across four floors.

San Francisco Museum of Modern Art (SFMOMA) has unveiled "Reimagined: The Fisher Collection at 10," a major reinstallation of approximately 250 works from 35 artists across four floors. The project was led by project assistant curator Ted Mann and chief education and public engagement officer Gamynne Guillotte, who collaborated to transform how the collection is presented. Changes include rotating galleries, such as the Agnes Martin room, to improve sightlines, and incorporating artists' voices, archival video, and interpretive tools to make abstract works more accessible. The reinstallation marks the tenth anniversary of the Fisher Collection's long-term loan to SFMOMA, originally arranged in 2009 and later extended to 100 years.

Hunterdon Art Museum presents three new exhibitions: Claybash, Emily Strong, and Bascha Mon

The Hunterdon Art Museum in Clinton, New Jersey, will open three new exhibitions on May 17, 2026: 'Claybash,' a triennial juried ceramics exhibition; a solo show of figurative paintings by Emily Strong; and 'Mindscapes,' a solo exhibition of works by 93-year-old artist Bascha Mon. Emily Strong's show features large-scale realist oil paintings that explore themes of cultural identity, gender, and human relationships, with QR codes linking to interviews with her models. 'Claybash' includes 40 artists selected by curator Angelik Vizcarrondo-Laboy, with cash prizes awarded. Bascha Mon's exhibition highlights her six-decade career of imaginative, color-driven work.

Dialogues & Conversations

The Pulitzer Arts Foundation in St. Louis is marking its 25th anniversary with the exhibition 'Dialogues & Conversations,' organized by its founder and chair, Emily Rauh Pulitzer. The show features over 85 works by more than 30 artists, including Edgar Degas, Willem de Kooning, and David Hammons, drawn from Pulitzer's personal collection, institutional loans, and works featured in past Pulitzer exhibitions.

American Art Lovers: A Nation of Artists Opens

The Philadelphia Museum of Art and the Pennsylvania Academy of the Fine Arts have launched a major collaborative exhibition titled 'A Nation of Artists.' Spanning both institutions, the show features over 1,000 works from 1700 to the present, drawing heavily from the private Middleton Family Collection. It coincides with the reopening of the PMA's newly renovated American art galleries and PAFA's restored Frank Furness-designed Historic Landmark Building.

Marcel Duchamp - Hommage à Caissa (for the Marcel Duchamp Fund of the American Chess Foundation), 1966

Marcel Duchamp - Hommage a Caissa (for the Marcel Duchamp Fund of the American Chess Foundation) , 1966

This rare 1966 silkscreen poster commemorates the "Hommage à Caissa" exhibition at New York’s Cordier & Ekstrom Gallery, a fundraiser organized by Marcel Duchamp for the American Chess Foundation. The event featured contributions from 36 iconic artists, including Salvador Dalí, Jasper Johns, and Alexander Calder, and is famously remembered for Andy Warhol’s uninvited "guerrilla attack" appearance with the Velvet Underground. The poster's design incorporates RSVP cards sent to participating artists, some featuring personal notes and autographs.

Glenstone Is Celebrating 20 Years Of Art, Architecture, & Nature

Glenstone Museum in Potomac, Maryland, is celebrating its 20th anniversary as one of the largest private contemporary art museums in the United States. Founded in 2006, the institution offers a unique, immersive experience across 230 acres, combining world-class art, minimalist architecture, and expansive nature trails. The museum currently features major works by iconic artists such as Jackson Pollock, Ruth Asawa, and Kerry James Marshall within its two primary structures, The Gallery and The Pavilions.

È morto Bruno Bischofberger, il gallerista e collezionista svizzero che fece lavorare assieme Warhol e Basquiat

Bruno Bischofberger, the influential Swiss gallerist and collector, has died at age 86. A pivotal figure in the contemporary art market, he opened his first gallery in Zurich in 1963 and was instrumental in introducing American Pop Art to Europe, exhibiting Warhol, Lichtenstein, and Rauschenberg. He later championed Minimalism, Land Art, and Neo-Expressionism, representing artists like Sol LeWitt, Donald Judd, and Francesco Clemente. Most famously, Bischofberger discovered Jean-Michel Basquiat in 1981 and orchestrated the legendary collaboration between Warhol, Basquiat, and Clemente. His close relationship with Warhol included a first-refusal agreement on future works and the suggestion of standardized portrait commissions that became Warhol's primary income source.

The Enviable Life of a 1970s Soho Gallerist

Paula Cooper opened her pioneering gallery in Soho in 1968, betting on the then-desolate industrial neighborhood as artists began moving into its lofts. She cultivated deep, personal relationships with the artists she represented, such as Lynda Benglis and Joel Shapiro, as well as with other major figures like Jasper Johns, fostering a slower, more humane art world pace. Her success helped transform Soho into a major gallery district, attracting institutions like Sonnabend and Castelli.

Art Beat

A roundup of current art exhibitions and calls for work in Taos, New Mexico, highlights shows such as "Nicolai Fechin: Figures, Nature, and Expression" at the Taos Art Museum, "Taos Reimagined: Modernist Experiments in the High Desert," and "Rag Made Quilts" at the Taos Public Library. Other featured venues include 203 Fine Art, Stables Gallery, Revolt Gallery, and the Wheaton Museum of World Artifacts, with openings and deadlines spanning through fall 2026.

Stockholms Auktionsverk Presents: The Modern Art Sale and The Contemporary Art Sale

Stockholms Auktionsverk is holding two live auctions, The Modern Art Sale and The Contemporary Art Sale, on May 20 and 21, 2026, at Nybrogatan 32 in Stockholm. The sales feature a curated selection of Swedish and international artists from the early 20th century to the present day, including works by Andy Warhol, Jasper Johns, Tony Cragg, Lena Cronqvist, and a newly discovered painting by Gösta Adrian-Nilsson. The Modern Art Sale highlights modernist masterpieces by Otte Sköld, Sigrid Hjertén, and Ragnar Sandberg, while The Contemporary Art Sale pays tribute to Ola Billgren and includes works by David LaChapelle, Cindy Sherman, and Britta Marakatt-Labba.