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.

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Thousands of documents released by the U.S. Department of Justice reveal that convicted sex offender Jeffrey Epstein was the hidden architect behind billionaire Leon Black's multi-billion dollar art investment and financial strategy from 2012 to 2017. Epstein managed Black's vast collection, valued at $2.7 billion in 2016, setting up LLCs, negotiating loans and commissions with major auction houses and galleries, and deploying the art for tax and estate planning.

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Kenny Schachter's column reports on the fallout at Michael Werner Gallery following the departure of star artist Peter Doig. Co-owner Gordon VeneKlasen is accused of expensing luxury items—including private jets, Hamptons helicopter rides, and even a solo helicopter trip for his Labrador Retriever—while the gallery faced financial strain. The partnership is dissolving, with VeneKlasen moving to Los Angeles to open his own gallery and listing his West Village home for $20 million. Meanwhile, Schachter also notes Pace Gallery's financial troubles, with founder Arne Glimcher stepping in to stabilize operations.

The 16 Most Expensive Artworks Ever Sold at Auction

ARTnews published an updated list of the 16 most expensive artworks ever sold at auction, highlighting recent record-breaking sales such as Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16), which fetched over $236.4 million at Sotheby's, and Jackson Pollock's *Number 7A, 1948*, which sold for well above its $100 million estimate at Christie's in May 2026 from the S. I. Newhouse collection. The article traces the history of top auction prices, including Vincent van Gogh's *Orchard with Cypresses* (1888), which sold for $117 million during the Paul Allen sale at Christie's in November 2022, part of a record $1.5 billion single-evening auction.

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Newly released documents from the Department of Justice reveal that the late financier and convicted sex offender Jeffrey Epstein was deeply involved in facilitating major art transactions between mega-collector Leon Black and Gagosian gallery. The files detail Epstein's personal communications with Black's lawyers regarding the acquisition of Pablo Picasso's 1931 sculpture *Buste de Femme (Marie-Thérèse)*, a work that was the subject of a legal dispute before Black acquired it for over $115 million. Epstein also assisted in a complex $48 million swap of a Rothko painting for a Picasso through Gagosian in 2012.

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A 51-page document released as part of the Jeffrey Epstein files appears to catalog the extensive private art collection of billionaire collector and former MoMA board chair Leon Black. The document, which lists works by masters from Michelangelo to Picasso under corporate entities linked to Black, reveals valuations and details of a collection largely kept from public view, including works held as promised gifts to major museums like MoMA and the Metropolitan Museum of Art.

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Newly released emails from convicted sex offender Jeffrey Epstein reveal that he discussed a plan by billionaire art collector Leon Black to purchase a Picasso painting from Gagosian gallery for $100 million. In a 2015 email to Melanie Spinella, a representative for Black, Epstein questioned the lack of a written contract for the overseas transfer, calling it 'fishy.' The emails also show Epstein advising Black on broader art purchasing strategies, including assigning agreements to family members, and offering opinions on Artspace, the online art marketplace acquired by Black's publishing house Phaidon.

Art Basel Curbs Pre-Fair Sales—and More Art Industry News

Art Basel has launched a "Basel Exclusive" initiative to curb pre-fair PDF sales, encouraging galleries to withhold works from previews to drive in-person discovery at its flagship Swiss event (June 16–21). Around 170 of 232 exhibitors have opted in. Meanwhile, Volta returns to Basel with a new "5,000 Edit" section for works under CHF 5,000 to attract younger collectors, and the alternative fair Esther will hold its third edition in New York during Frieze Week. In other news, Sotheby's set a U.S. record for design auctions with the Jean and Terry de Gunzburg collection totaling $96 million, and billionaire collector Mitchell P. Rales pledged $116 million to the National Gallery of Art to fund loans to smaller museums. The Smithsonian American Art Museum named Lynda Roscoe Hartigan as its new director, and Gladstone Gallery plans a new Seoul space for 2026.

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Artist Tod Lippy is launching a mobile protest piece titled "All Of the Gang" during Frieze Los Angeles, featuring an LED truck that displays emails and documents linking prominent art world figures to Jeffrey Epstein. The project highlights correspondence and associations involving major industry names like Larry Gagosian, Leon Black, and David A. Ross, aiming to confront the public with the industry's perceived complicity and lack of accountability.

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Artist Jeff Koons has issued a statement clarifying his limited interactions with the late financier and convicted sex offender Jeffrey Epstein. Koons confirmed he and his wife attended a dinner at Epstein's home at the invitation of an MIT professor, but denied that Epstein ever visited his studio, contradicting earlier reports based on newly released court documents.

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The article details the ongoing release of documents related to disgraced sex offender Jeffrey Epstein, revealing his extensive ties to prominent art world figures. Key connections include former MoMA chairman Leon Black, who paid Epstein tens of millions for tax advice and engaged in art transactions involving a Giacometti sculpture and a Cézanne watercolor; retail mogul and art collector Leslie Wexner; and artist Andres Serrano. It also highlights the story of artist Maria Farmer, who was assaulted by Epstein and Maxwell and faced threats against her art career when she tried to report them in the 1990s.

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Art Basel Paris launched a new ultra-exclusive invitation-only preview called Avant Première, held one day before the official VIP preview. The four-hour event on Tuesday afternoon saw strong sales, with Thaddaeus Ropac selling works including a 1953 Alberto Burri for €4.2 million and two George Baselitz pieces, while Hauser & Wirth sold Gerhard Richter's 1987 *Abstraktes Bild* for $23 million, the highest reported sale. The fair limited each gallery to six invites with plus-ones, resulting in an estimated 3,000 attendees compared to 6,000 for the regular First Choice preview, creating a more manageable and urgent atmosphere.

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Harrison Kinnane Smith's exhibition "Tracings and Arrangements" is on view at Emmelines, a small gallery tucked inside a former newsstand in the Fifth Avenue & 53rd Street MTA station in New York, directly beneath the Museum of Modern Art and the building formerly known as 666 Fifth Avenue. The show features two works by Louise Lawler on consignment from Sprüth Magers—"Bulbs (traced), 2005/06/19" and "(Bunny) Sculpture and Painting (traced), 1999/2019"—which are black-and-white traced decals of her earlier photographs, displayed in the gritty, fluorescent-lit subway mezzanine. Kinnane Smith, at 28, frames Lawler's works as his opening gesture in a conceptually recursive chain that extends her critique of art's circulation through commerce, collecting, and institutional contexts.

Secretive LA art dealer Larry Gagosian to be subject of 'juicy' unauthorized doc

An unauthorized documentary about mega-gallerist Larry Gagosian is in the works, directed by Barry Avrich, who previously helmed the Netflix hit "Made You Look: A True Story About Fake Art." Titled "Shadow Man: Inside The Secret World of Larry Gagosian," the film promises to feature former employees and artists sharing insider stories about Gagosian's empire. Avrich has a track record of documentaries on high-profile figures, including Lew Wasserman and Harvey Weinstein.

‘The challenge will be to sustain it’: was the autumn art market boom more than just a blip?

The autumn art market saw a significant upturn, with strong sales at Frieze London, Art Basel Paris, and New York auctions, including a $236.4 million Klimt and a $2.2 billion auction week in New York—up 77% year-on-year. Emerging London galleries like Ginny on Frederick, Rose Easton, and A. Squire have reinvigorated Frieze London, while Paris benefits from luxury-house funding, with the Fondation Cartier and Fondation Louis Vuitton hosting major shows. However, concerns persist about sustainability, as geopolitical volatility and post-Brexit challenges continue to affect the market.

The Multibillion-Dollar Maneuvers Behind the Met’s Raphael Show

The Metropolitan Museum of Art has opened “Raphael: Sublime Poetry,” the largest survey dedicated to the Renaissance master in the U.S., featuring 33 paintings and 142 works on paper. The exhibition includes loans from 60 public institutions across 11 countries, as well as private loans from billionaire Leon Black, and the estimated aggregate value of the art on view is in the billions of dollars. Curated by Carmen Bambach, the show took eight years to organize and follows her previous triumphs on Leonardo and Michelangelo.

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Newly released Department of Justice documents reveal that the New York Academy of Art (NYAA) actively courted Jeffrey Epstein for funding years after he was a known sex offender. In 2013, board chair Eileen Guggenheim invited Epstein to sponsor a scholarship program where he personally selected student recipients in exchange for commissioned portraits. One such commission resulted in a painting of the sons of billionaire Leon Black, further illustrating the interconnected web between Epstein and high-profile art world figures.

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Sotheby's has increased its buyer's premiums globally, with the new fee structure taking effect on February 13. The changes mean buyers of lower-value lots will pay higher rates, with the premium for works sold in New York for up to $2 million rising from 27% to 28%. This move follows similar adjustments by rivals Christie's and Phillips, as auction houses seek to bolster revenue during a prolonged art market downturn. Sotheby's also recently raised $900 million through art-backed loans via securitization.

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Jeffrey Epstein commissioned a large-scale reproduction of Cornelis Cornelisz van Haarlem's 1591 painting 'The Massacre of the Innocents' for the entrance of his New Mexico ranch. The $1,999 copy, depicting Roman soldiers killing infants, was ordered in 2010 from the reproduction company Ocean's Bridge Group and was requested to be shipped by his assistant in 2011.

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Newly released documents from the Jeffrey Epstein investigation reveal that billionaire art collectors and Museum of Modern Art trustees Leon Black and Ronald Lauder have co-owned several major artworks for decades. The files, made public by the U.S. Department of Justice, confirm long-standing rumors of their joint acquisitions, including a Max Beckmann self-portrait and two Ernst Ludwig Kirchner works, purchased for a total of $31.6 million and later appraised at $93.5 million.

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Ronald Lauder, the billionaire art collector and heir to the Estée Lauder fortune, is named over 900 times in the recently released Jeffrey Epstein court documents. The emails reveal his assistants frequently scheduling meetings and calls with Epstein in 2017, though the substance of their discussions remains largely unclear. One email suggests Epstein sought to review Lauder's tax returns and will, while another indicates Epstein attempted to arrange a dinner involving filmmaker Woody Allen.

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Newly released documents from the Department of Justice, part of the Jeffrey Epstein case, contain email exchanges from 2013 that reference prominent art collectors Steve Tisch and Jean Pigozzi. The emails show Epstein facilitating introductions between Tisch and multiple women, with discussions about their backgrounds and travel arrangements. Tisch has stated the association was brief and expressed regret.

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A 1906 self-portrait by German modernist Paula Modersohn-Becker, titled *Selbstbildnis nach halblinks (Self-Portrait Looking Slightly Left)*, sold for €1.3 million ($1.5 million) at Berlin's Grisebach auction house on Thursday—more than quintupling its low estimate and more than doubling the artist's previous auction record. The work was acquired by an unnamed European private collector. The painting had previously been seized by the Nazis as "degenerate" art from the St. Annen Museum in Lübeck and was later acquired by the collector Bauer, who aimed to rehabilitate persecuted artists.

Epstein files reveal Leon Black as a key collector of Van Gogh works

Newly released documents from the Jeffrey Epstein case reveal that billionaire investor and former Museum of Modern Art chairman Leon Black was a major private collector of works by Vincent van Gogh. The files detail his ownership of at least five significant Van Gogh pieces, including the painting 'Quarry near Saint-Rémy' and the drawing 'Garden with Flowers,' with a combined value exceeding $95 million by 2016.

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Turner Prize-winning artist Tai Shani has officially terminated her book contract with Phaidon, the prominent arts publisher owned by billionaire collector Leon Black. Shani cited Black’s extensive financial ties to the late sex offender Jeffrey Epstein and the "horrific allegations" of sexual assault leveled against Black as the primary reasons for her withdrawal. Describing the move as a "feminist practice" of refusal, Shani walked away from a planned monograph despite praising the publisher's editorial team.

Dartmouth Students Turn to Moldy Beef Jerky Installation in Renewed Bid to Remove Leon Black’s Name from Arts Center

Art students at Dartmouth College installed a provocative piece titled "Something Rotten" in the Black Family Visual Arts Center, consisting of 20 moldy beef sticks arranged into a smiley face over the dedication wall honoring billionaire financier Leon Black and his family. The work, created by students Erik Siegel, Angeles Juarez-Ruiz, and Roan Wade, was removed one week after the exhibition "Storage Room" opened on April 14. The piece references Black's documented friendship and business dealings with convicted sex offender Jeffrey Epstein, with the wall label quoting an Epstein email mentioning "jerky." The installation is part of a broader student and alumni campaign to remove Black's name from the arts center, which was funded by a $48 million gift from Black and his wife Debra.

David A. Ross resigns from New York's School of Visual Arts over friendship with Jeffrey Epstein

David A. Ross, chair of the Master of Fine Arts in art practice department at New York's School of Visual Arts (SVA), resigned from his position following the release of documents revealing his long-standing friendly correspondence with convicted sex offender Jeffrey Epstein. The emails, dating from 2009 to 2016, show Ross praising Epstein's ideas for controversial exhibitions and offering him personal sympathy, even after Epstein's 2008 criminal conviction.

Dartmouth Students Renew Calls to Remove Leon Black’s Name From Arts Center

Students at Dartmouth College have intensified their campaign to remove billionaire collector Leon Black’s name from the school’s visual arts center. The renewed push follows the release of Department of Justice files detailing Black’s extensive financial ties to the late sex offender Jeffrey Epstein, including $170 million in payments for tax and estate advice. While Black has denied all allegations of misconduct and his legal team maintains he was unaware of Epstein’s criminal activities, student leaders are citing the college's recent decision to strip César Chávez’s name from a fellowship as a precedent for moral accountability.

Trustees of Renowned West Coast Artist Residency Visited Epstein’s Island

Two trustees of the prestigious Djerassi Resident Artists Program, Alexander Maxwell Djerassi and Michael Molesky, were identified in recently released Department of Justice files as visitors to Jeffrey Epstein’s private island in 2011. The pair attended the "Mindshift Conference," a gathering of academics and professionals held two years after Epstein’s first conviction. The residency program, located in California's Santa Cruz Mountains, clarified that the visit occurred years before either individual joined the board and emphasized that neither Epstein nor Ghislaine Maxwell ever had any formal ties or donor history with the institution.

Epstein Emails and the Art Market

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A massive release of over three million documents by the U.S. Department of Justice has exposed the deep ties between the late financier Jeffrey Epstein and prominent figures in the global art world. The files reveal how Epstein utilized sophisticated financial structures to manage and enhance the value of blue-chip art collections, most notably for billionaire Leon Black. The fallout from these disclosures has already led to high-profile resignations, including Jack Lang from the Arab World Institute and David A. Ross from the School of Visual Arts, while others like collector Steve Tisch face renewed scrutiny.