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.

hisachika takahashi rauschenberg assistant artist dead 1234748942

Hisachika Takahashi, an artist who worked as an assistant to Robert Rauschenberg and earlier to Lucio Fontana, has died at age 85. His death was announced by Misako & Rosen, a Tokyo gallery collaborating with Hong Kong's Empty Gallery on a current exhibition of his work. Takahashi remained relatively obscure for decades despite close ties to major figures like Jasper Johns, Brice Marden, and Gordon Matta-Clark, whom he enlisted for his project "From Memory Draw a Map of the United States." He also introduced sushi and sashimi to the menu at Food, the famed artist-run restaurant in New York. In recent years, his work gained renewed attention through efforts by artist Yuki Okumura, leading to exhibitions at WIELS Centre for Contemporary Art in Brussels and Fondazione Prada in Milan.

paris galerie 1900 2000 closed new york branch 1234768084

Galerie 1900-2000, a Parisian gallery specializing in Dada and Surrealism, has closed its New York branch on Madison Avenue, which opened in February 2023 as a joint venture with Galerie Georges-Philippe & Nathalie Vallois. The Manhattan outpost's last exhibition ended in September, with principal David Fleiss citing a slow market during difficult global times as the reason for the closure, though he did not rule out a future return to New York.

the scene at two essential summer art parties and a bevy of juicy art world gossip 2662367

Artnet News' Wet Paint column reports on two summer art parties. The White Columns benefit auction in New York raised $350,000, with works donated by 60 commercial galleries. Highlights included a KAWS 'Companion' piece selling for $16,500 and a Florian Krewer painting for $14,000, auctioned by director Matthew Higgs. Separately, London gallerist Sadie Coles has vacated her 1 Davies Street space after a decade and will open a new 6,000-square-foot location at 17 Savile Row, a historic townhouse that once housed the Burlington Fine Arts Club.

antwerp contemporary art museum controvery 2735239

Belgium plans to revoke the museum status of Antwerp's Museum of Contemporary Art (M HKA) and transfer its 8,000-work collection to Ghent's Municipal Museum of Contemporary Art (Smak), canceling a promised $93 million new building. The proposal by Flemish culture minister Caroline Gennez has sparked resignations, legal challenges, and backlash from artists including Luc Tuymans and Anish Kapoor, who call it unlawful and a threat to cultural independence. A parliamentary hearing is expected in January 2026.

albright pennsylvania college selling art collection 2648020

Albright College in Reading, Pennsylvania, is quietly selling off the Freedman Gallery collection, which includes works by Romare Bearden, Salvador Dalí, Jasper Johns, and Robert Rauschenberg, to address a budget shortfall that recently reached $23 million. Art preparator Rich Houck discovered the storage space emptied without notice and was fired after reporting the move; the college has cut 53 positions, canceled academic majors, and considered selling real estate as part of a broader cost-cutting campaign. Former gallery staff are no longer employed, and major donors were not informed of the sale.

Notes from New York: The World in a Convex Mirror

The article reviews the sixth edition of MoMA PS1's quinquennial survey 'Greater New York 2026,' which coincides with the institution's 50th anniversary. It highlights works by artists such as Covey Gong, Win McCarthy, Mekko Harjo, and Sophie Friedman-Pappas, noting how the exhibition's themeless structure and use of reflective surfaces create a hall of distorted reflections. The show includes 53 emerging and midcareer artists, mostly millennials, and is accompanied by a block party and gala rather than a dedicated commemorative exhibition like FORTY (2016).

art world italy gallery boom

Austrian art dealer Thaddaeus Ropac is opening a new gallery in Milan, his seventh location, despite initial concerns over Italy's high value-added tax (VAT) on art, which was Europe's highest at 22 percent. The Italian government slashed the VAT to 5 percent in June after pressure from art market players, making it the lowest in the EU. The gallery, spanning over 3,000 square feet in the 18th-century Palazzo Belgioioso, opens on September 20 with a show featuring Georg Baselitz and Lucio Fontana, followed by exhibitions of Valie Export and Ketty La Rocca. Elena Bonanno di Linguaglossa will serve as executive director.

Our Guide to New York Art Week 2025

New York Art Week 2025 is condensed into a single mega-week starting May 5, featuring major art fairs including Frieze New York, Independent, and TEFAF New York, alongside gallery openings, auction previews, and museum shows. The guide provides a day-by-day itinerary, fair overviews, and practical tips for navigating the week, emphasizing that many events are ticketed or free and do not require VIP passes.

Fairfield University Art Museum Receives CT Humanities Grant for U.S. 250th Anniversary Exhibition

Fairfield University Art Museum has received a $15,000 grant from CT Humanities to support a 2026 exhibition titled *For Which It Stands…*, commemorating the 250th anniversary of the United States. The show will run from January 23 to July 25, 2026, featuring 75 works by diverse artists from the early 20th century to the present, all centered on depictions of the American flag. Highlights include Childe Hassam’s *Italian Day, May 1918* (lent by the Art Bridges Foundation), a new textile sculpture by Maria de Los Angeles, and works by Jasper Johns, Faith Ringgold, Robert Rauschenberg, Shepard Fairey, and Julie Mehretu. Loans come from private collections, artists, galleries, and institutions such as the Yale University Art Gallery, the Gordon Parks Foundation, and the Orlando Museum of Art.

cimam letter museum organization m hka closure flanders 1234756432

Two leading museum organizations, CIMAM (International Committee for Museums and Collections of Modern Art) and L'internationale, have sharply criticized the Flemish government's decision to transfer the collection and mission of Antwerp's M HKA to a newly formed museum in Ghent by 2028. In a statement dated October 10, CIMAM's Museum Watch Committee expressed profound concern, calling the plan based on "false administrative logic" and urging the Flemish minister of culture to reverse the decision. L'internationale also published a statement condemning the lack of transparency and consultation, noting that the plan was announced without input from M HKA's leadership or stakeholders. The building housing M HKA will be renovated into a Kunsthalle, and the government has canceled a planned $151 million new building for the museum.

ebony l haynes zwirner global head of curatorial projects 1234753820

Ebony L. Haynes, a director at David Zwirner since 2020 and founder of the gallery's affiliated space 52 Walker in 2021, has been promoted to the newly created position of global head of curatorial projects. In this role, she will oversee special exhibitions, projects, and collaborations with Zwirner's artists globally, while continuing to direct 52 Walker in New York's Tribeca neighborhood. The space has hosted 16 shows since opening in October 2021, featuring artists such as Kandis Williams, Nikita Gale, Nora Turato, and Raymond Pettibon, whose wrestling-themed drawings and live matches open tonight.

perez art museum miami jose carlos diaz chief curator 1234752086

The Pérez Art Museum Miami (PAMM) has appointed José Carlos Diaz as its new senior director of curatorial affairs and chief curator, effective October 13. Diaz, a Miami native, returns from the Seattle Art Museum where he served as deputy director of art since 2022, overseeing curatorial programs and the "Calder at SAM" initiative following a major gift of 48 Calder works. He succeeds Gilbert Vicario, who left in February. Diaz previously worked at PAMM when it was the Miami Art Museum, and has held curatorial roles at the Bass Museum of Art, Tate Liverpool, the Liverpool Biennial, and the Andy Warhol Museum.

legendary art collector sylvio perlstein has died 1234749167

Sylvio Perlstein, the legendary art collector, patron, and impresario, died on August 6. Hauser & Wirth confirmed the news, calling him a visionary who shaped one of the most important art collections of the past century. In 2018, the gallery exhibited 380 pieces from his collection across its Chelsea and Hong Kong locations in the show 'The Sylvio Perlstein Collection – A Luta Continua'. Perlstein was born in Belgium in the 1930s, fled to Brazil with his family during World War II, and later joined the diamond business in Antwerp. His collection spanned Dada, Surrealism, American minimalism, and Land art, featuring works by Man Ray, René Magritte, Donald Judd, and many others. He maintained close friendships with artists and displayed works throughout his Paris home, which cultural critic Arthur Lubow described as 'a contemporary version of Ali Baba's cave'.

barnes foundation moderna museet and more awarded conservation grants 1234740171

Bank of America has awarded its 2025 Art Conservation Project grants to sixteen cultural institutions worldwide, including the Rothko Chapel in Houston, the Barnes Foundation in Philadelphia, and Sainte Chapelle in Paris. The grants support the conservation of diverse works such as Rembrandt's "The Blinding of Samson," William Hogarth's "A Rake's Progress," and Niki de Saint Phalle's "Tableau Tir" at Moderna Museet in Stockholm. Since 2010, the program has awarded over 275 grants across 40 countries.

How Latin American Artists Have Harnessed the Allure of Alchemy

A new exhibition titled “Constellations and Drifts: Art from Latin America in the FEMSA Collection” has opened at the Museum of Contemporary Art, Monterrey (Museo de Arte Contemporáneo de Monterrey) in Mexico, running through August 9, 2026. The show features 170 works by 115 Latin American artists from the FEMSA Collection, one of the most prestigious corporate collections of Latin American art, and is organized around five curatorial themes or “constellations,” including a section centered on alchemy. Highlights include works by Diego Rivera, José Clemente Orozco, Francis Alÿs, and a new commission by Argentine artist Ad Minoliti, alongside Surrealist pieces by Remedios Varo, Leonor Fini, Leonora Carrington, and Kati Horna.

malba acquires 1200 works 2728866

Eduardo F. Costantini, founder of the Museo de Arte Latinoamericano de Buenos Aires (Malba), announced the acquisition of the Daros Latinamerica Collection in Zurich, adding 1,233 works by 117 artists to the museum's holdings. This roughly doubles Malba's collection to 3,000 works, with a major expansion project planned to accommodate the new pieces, set to begin next fall to mark the museum's 25th anniversary. Highlights include works by Doris Salcedo, Ana Mendieta, Julio Le Parc, Alfredo Jaar, Lygia Clark, and Jesús Rafael Soto, with 75 artists new to Malba.

art bites marcel duchamp dentist check 2617453

Marcel Duchamp paid his dentist, Daniel Tzanck, with a hand-painted forged check in 1919, titled *Tzanck Check*. The work mimics a real bank check made out for $115, drawn on the fictitious “The Teeth’s Loan & Trust Company Consolidated.” Duchamp meticulously painted each letter to look printed, and the dentist—who was also a major art collector—never cashed it, recognizing its artistic value. The check is now a promised gift to the Israel Museum in Jerusalem, with a 1938 reproduction held by M+ museum in Hong Kong.

galerie gmurzynska to open in fuller building new york 1234751146

Galerie Gmurzynska is relocating its New York operations to the historic Fuller Building at 595 Madison Avenue later this month. The gallery, which had been at 43 East 78th Street since 2018, will inaugurate its new space on September 16 with an exhibition of works by Joan Miró and Roberto Matta. The Fuller Building, an Art Deco landmark built between 1928 and 1929, was once a major hub for New York galleries, housing such notable dealers as Pierre Matisse, Charles Egan, André Emmerich, and Marlborough-Gerson.

art milan design week shows

Cultured magazine has compiled a guide to art exhibitions worth visiting during Milan Design Week 2026, beyond the main Salone del Mobile fair. Featured shows include Rirkrit Tiravanija's first retrospective at Pirelli HangarBicocca, Cao Fei's exploration of smart agriculture at Fondazione Prada, Anselm Kiefer's dual exhibitions at Palazzo Reale and Lia Rumma Gallery, Gabrielle Goliath's painting show at Galleria Raffaella Cortese, and Dozie Kanu's mirroring of Marc Camille Chaimowicz at Fondazione ICA Milano.

winter show french and company 2741124

The Winter Show at New York's Park Avenue Armory features a standout booth by the gallery French and Company, presenting a darkly themed collection. The eclectic offerings include Old Master still lifes by Willem Kalf and Willem Claesz Heda, a Victorian ceramic peacock, a 1979 painting by Susan Rothenberg, and a "horror wall" with works like Pasko Vucetic's *Hatred and Madness* and Wilhelm Trübner's *A Gorgon's Head*, all curated by the gallery's Henry Zimet.

10 Exhibitions Not to Miss During Mexico City Art Week 2026

Mexico City Art Week 2026 is set to begin, featuring a dense schedule of exhibitions and art fairs. The event, anchored by the ZONAMACO fair, includes satellite fairs like Feria MATERIAL and SALÓN ACME, and is supported by a robust ecosystem of galleries and museums. The week is a key destination for international collectors and curators seeking to discover emerging artistic voices from Central and South America.

Mapping the Exhibitions to See in Rome During the Easter Period 2026

Mappatura delle mostre da vedere a Roma durante il periodo di Pasqua 2026

Rome's cultural institutions are presenting a diverse lineup of exhibitions for the Easter 2026 holiday period. Major shows include 'Treasures of the Pharaohs' at the Scuderie del Quirinale, a Hokusai retrospective at Palazzo Bonaparte, 'Flowers. From the Renaissance to Artificial Intelligence' at the Chiostro del Bramante, 'Bernini and the Barberini' at the Gallerie Nazionali Barberini Corsini, a show on Roman villas and gardens at Palazzo Braschi, and 'Impressionism and Beyond' at the Museo dell'Ara Pacis.

aicon lawsuit art dealing new york brothers dutta 1234764620

Two New York art galleries run by dueling brothers are locked in a legal battle over the use of the name "Aicon." Projjal Dutta, representing Aicon Contemporary, filed a lawsuit in New York Supreme Court in October against his brother Prajit Dutta and director Harry Hutchison, who run Aicon Art and ArtsIndia.com. The suit alleges that the defendants have misleadingly used the names "Aicon Gallery" or simply "Aicon" instead of the agreed-upon "Aicon Art," causing confusion in the art market. The brothers previously operated the legacy Aicon Gallery together for 20 years before parting ways in 2019, but they still share the same address and phone number at 35 Great Jones Street.

Édouard Glissant’s Museum-as-Archipelago

The article reviews the exhibition "The Earth, the Fire, the Water, and the Winds: For a Museum of Errantry with Édouard Glissant" at the Center for Art, Research and Alliances (CARA) in New York, the first U.S. showing of works from the personal collection of Martinician philosopher and writer Édouard Glissant. Curated from his archive, the exhibition features artists such as Roberto Matta, Wifredo Lam, Etel Adnan, Irving Petlin, Antonio Seguí, Öyvind Fahlström, Jack Whitten, and Mel Edwards, reflecting Glissant's friendships and intellectual exchanges across Europe, Africa, and the Americas. Highlights include Antonio Seguí's large pastel works from his Titanic series.

The Sartorial Is Political in “The New York Sari”

An exhibition titled "The New York Sari" is on view at the New York Historical Society, exploring the sari as a living art form, heirloom, document, and political statement for the South Asian diaspora in New York City. The show features contemporary artworks, historical materials, and personal garments, framing the sari not as a static cultural artifact but as a dynamic site of identity, labor, and community history.

design stella ishii new york interiors

Designer Stella Ishii, co-owner of fashion showroom the NEWS and founder of label 6397, discusses her SoHo loft and the neighborhood's artistic legacy in an interview with curator Clarissa Dalrymple. Ishii, who moved from Japan to New York in the 1990s after working with Comme des Garçons founder Rei Kawakubo, bought a 3,000-square-foot cast-iron loft with her artist husband Jerry Kamitaki in 1997, preserving a rare artist-priced property in a rapidly gentrifying area. The conversation touches on SoHo's transformation from an artist haven—home to figures like Gordon Matta-Clark, Donald Judd, Joan Jonas, and gallerist Paula Cooper—to a commercial district, as well as Ishii's collecting habits and the loft's role as a creative space for performances and guests.

Fairfield University Art Museum Exhibition to Commemorate 250th Anniversary of the U.S., Opens Jan. 23

Fairfield University Art Museum will open a major loan exhibition titled "For Which It Stands…" on January 23, 2026, running through July 25, 2026, as part of the university's commemoration of the 250th anniversary of the United States. The exhibition features over 70 works by diverse artists from the early 20th century to the present day, all centered on depictions of the American flag, including pieces by Jasper Johns, Faith Ringgold, Robert Rauschenberg, Shepard Fairey, Julie Mehretu, Childe Hassam, and a new textile sculpture by Maria de Los Angeles commissioned for the show. Works are lent by private collectors, artists, galleries, and institutions such as the Delaware Art Museum, Yale University Art Gallery, and the Gordon Parks Foundation.

New Year, New View: Eight Places to See Art This Winter (and Beyond)

The article highlights eight must-see art exhibitions for the winter season. Key shows include "Dreamworld: Surrealism at 100" at the Philadelphia Art Museum, a Gerhard Richter retrospective at the Fondation Louis Vuitton in Paris, a survey of avant-garde artist Bettina Grossman at Ruth Arts in Milwaukee, a Jacqueline Humphries exhibition at the Aspen Art Museum, and "Ideas of Africa: Portraiture and Political Imagination" at New York's Museum of Modern Art. Other notable exhibitions are also mentioned, covering a range of historical and contemporary artists.

Australian artist Khaled Sabsabi reveals details of presentations in the Australia Pavilion and in the International Exhibition In Minor Keys at Biennale Arte 2026 – News Hub

Australian artist Khaled Sabsabi will present two major installations at the 2026 Venice Biennale. At the Australia Pavilion, he unveils "conference of one’s self," an immersive multisensory work featuring eight monumental canvas paintings, video projections, and a soundscape inspired by a 12th-century Sufi allegory. Simultaneously, he becomes the first Australian artist to also exhibit in the International Exhibition, titled "In Minor Keys" curated by Koyo Kouoh, with a second installation called "khalil" at the Arsenale. Both works explore spirituality, migration, and shared humanity through a framework of Sufi thought.