ken griffin global recession iran strait of hormuz 1234781281

Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.

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Art Basel Paris is undergoing a major transformation for its third edition, officially rebranding from 'Paris+ par Art Basel' and moving into the newly renovated Grand Palais. The historic venue, fresh from a $500 million restoration, allows the fair to expand its footprint by 26 percent, hosting 194 galleries compared to last year's 154. The move includes the opening of the ornate balconies for emerging galleries and a new sector called Premise, signaling the fair's transition from a successful 'preamble' to a permanent fixture in the French capital.

Miami Beach’s Bass Museum picks architect for new pavilion

The Bass Museum of Art in Miami Beach has appointed the Los Angeles-based architecture firm Johnston Marklee to design a new 22,000-square-foot pavilion. The expansion, funded in part by a $20.1 million municipal bond, will occupy a site currently used for parking and will feature an elevated gallery designed to withstand South Florida’s environmental challenges, alongside an outdoor patio and performance stage.

As Cuban crisis deepens, diaspora artists have a message of compassion

Artists Antonia Wright and Ruben Millares are showcasing a salvaged, bullet-ridden Cuban migrant vessel at Miami’s Piero Atchugarry Gallery. The exhibition, titled 'Exile', serves as a visceral focal point for the escalating humanitarian crisis in Cuba, where citizens face systemic collapse, starvation, and political imprisonment. Through the concept of 'embodiment' rather than mere empathy, the artists confront the harrowing 93-mile journey across the Straits of Florida undertaken by those desperate to escape the island's dictatorship.

Harmony Korine Makes Sense of His Shape-Shifting Art: ‘It’s Really One Whole Work’

Harmony Korine's first-ever U.S. retrospective, titled "Perfect Nonsense," has opened at the Institute of Contemporary Art, Miami. The exhibition gathers over 50 pieces spanning his career, including adolescent writings, zines, collages from the 1990s, figurative paintings, and recent works using game engines. Korine, known for transgressive films like *Gummo* (1997) and *Spring Breakers* (2012), also founded EDGLRD, a studio producing experimental content with cutting-edge tech, such as his 2023 project *AGGRO DR1FT*, which premiered at the Venice International Film Festival.

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

The 5 Best Booths at miart 2026

The 30th edition of miart opened its doors at the Allianz MiCo convention center in Milan, marking a significant milestone for Italy’s premier international modern and contemporary art fair. As the city continues its ascent as a global art capital, the 2026 fair attracted a diverse continental crowd of collectors and professionals ahead of the upcoming Venice Biennale.

The Art of ‘The Christophers’: How the Film Created an Artist’s Fabled Oeuvre

Steven Soderbergh’s new film, The Christophers, explores the complexities of artistic legacy and authenticity through the story of Julian Sklar, a fictional washed-up artist played by Ian McKellen. The plot follows Sklar’s children as they hire an art restorer, played by Michaela Coel, to secretly finish their father’s legendary unfinished series to capitalize on his market value. To ground the film in reality, screenwriter Ed Solomon consulted with art world figures like dealer George Barker and artists Jann Haworth and Derek Boshier, while production designer Antonia Lowe and painter Barnaby Gorton created the physical artworks seen on screen.

Record-Breaking $110.5 M. Basquiat Painting, Now Owned by Ken Griffin, to Go on View in Miami This Summer

The Pérez Art Museum Miami will present "Basquiat: Figures, Signs, Symbols," an exhibition of approximately ten works by Jean-Michel Basquiat from the collection of billionaire Kenneth C. Griffin. Opening June 25, the show includes the record-breaking 1982 painting "Untitled," which sold for $110.5 million in 2017 and was later acquired by Griffin, alongside other major paintings and a sculpture.

Artist and Filmmaker Steve McQueen Wins $172,000 Erasmus Prize

British artist and filmmaker Steve McQueen has been awarded the 2024 Erasmus Prize by the Dutch Praemium Erasmianum Foundation. The prize includes a cash award of 150,000 euros (approximately $172,000) and a specially designed booklet featuring the script of the 16th-century scholar Desiderius Erasmus.

Andy Warhol | Original Exhibition Poster (2021) | For Sale

An original Andy Warhol exhibition poster from 2021 is being offered for sale by Baldwin gallery, with locations in London, Miami, and Dubai. The offset lithograph on paper measures 19.7 × 27.6 inches, is in mint condition, unsigned, and includes a Certificate of Authenticity. Priced at £650, the work ships from London with domestic shipping at £45 and international at £55, and is covered by the Artsy Guarantee.

May 2026 Exhibitions

Several galleries and a museum in Columbus's Short North arts district are opening new exhibitions for May 2026. Highlights include a women's group show at Sean Christopher Gallery Ohio, environmental abstract paintings by Annette Poitau at Marcia Evans Gallery, a spring-themed solo exhibition by Amy Adams at Sharon Weiss Gallery, and a salon exhibition at 24 Lincoln St. Gallery & Art Studios. The Columbus Museum of Art at the Pizzuti is presenting the first U.S. museum survey of Bahamian conceptual artist Tavares Strachan, featuring his 'Encyclopedia of Invisibility'.

7 Shows to See in Milan Right Now

Inside Los Angeles County Museum of Art’s Radical Reinvention

Milan’s art scene takes center stage during the Miart fair with a diverse array of institutional and gallery exhibitions. Highlights include Cao Fei’s exploration of global farming and technology at Pirelli HangarBicocca, Anselm Kiefer’s monumental tributes to female alchemists at Palazzo Reale, and a survey of Italian conceptualist Salvo at Pinacoteca di Brera.

Italian Winemaker Ornellaia Reveals Marina Abramović’s Designs for Its 2023 Vintages

Marina Abramović has collaborated with the Italian winemaker Ornellaia to design labels for its 2023 vintage as part of the annual Vendemmia d’Artista project. The designs range from self-portrait drawings and photographs featuring grapes to a conceptual 9-liter bottle that instructs the drinker to listen to Nino Rota’s theme from La Dolce Vita while consuming the wine. A selection of these limited-edition bottles will be auctioned at Bonhams in June to raise funds for the Guggenheim Museum.

The New Museum’s ‘New Humans’ Reckons With Human-Machine Relations in the Workplace

The New Museum has inaugurated its recently renovated space with 'New Humans: Memories of the Future,' a sprawling exhibition featuring over 700 works across four floors. The show explores the historical and evolving relationship between humanity and labor, tracing the narrative from ancient Mesopotamian myths to the industrial age and the rise of robotics. Key sections like 'Mechanical Ballets' highlight how artists have historically responded to the dehumanization of the workforce through the lens of early 20th-century avant-garde movements.

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President Donald Trump has unveiled a rendering for his planned presidential library in downtown Miami, envisioned as a 47-story skyscraper. The proposal features a gold entranceway, a 20-foot-tall golden statue of the former president, and a replica of the Oval Office, alongside a hotel and office space. The project is being designed by architecture firm Bermello Ajamil and is reportedly seeking to raise nearly $1 billion in donations to fund the construction on highly valuable waterfront land.

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Following the cancellation of Art Basel Miami Beach 2020 due to the pandemic, the Miami Design District has announced plans to host a physical art and design event. Approximately 25 to 30 top-tier galleries will occupy storefronts for a ten-day period starting November 27, while the historic Moore Building will house 'Design Miami/ Podium,' a curated selling exhibition titled 'America(s)' led by Aric Chen.

Artists, clowns, runaways: a stay at the Chelsea Hotel – in pictures

Photographer Albert Scopin has released a new book through Kerber Verlag documenting his residency at New York’s iconic Chelsea Hotel between 1969 and 1971. The collection features rare, intimate portraits of the hotel's legendary inhabitants, including a young Patti Smith and Robert Mapplethorpe before their rise to global fame, alongside long-time manager Stanley Bard and avant-garde figures like Vali Myers and Holly Woodlawn. Scopin’s lens captures the 'creative chaos' of the era, from the art-filled lobby to the eccentric private quarters of residents like composer George Kleinsinger.

Between setbacks and uncertain collectors, how did the miart 2026 fair go for the galleries?

Tra intoppi di percorso e collezionisti incerti, come è andata la fiera miart 2026 per le gallerie?

The 2026 edition of the miart fair in Milan faced significant logistical challenges following its move to the South Wing of the Allianz MiCo. While the 'Emergent' section thrived with ample space and natural light, the 'Established' and 'Anthology' sections suffered from a confusing multi-level layout, poor signage, and oppressive lighting. Many galleries, including Alfonso Artiaco, reported that the lack of clear directions turned high-quality exhibition spaces into "cathedrals in the desert," making it difficult for collectors to locate booths.

5 Must-See Exhibitions During Milan Art Week 2026

Milan Art Week 2026 features a robust program of institutional exhibitions alongside the miart and Paris Internationale Milano fairs. Key highlights include Cao Fei’s multimedia exploration of smart agriculture at Fondazione Prada, Anselm Kiefer’s monumental tribute to forgotten female alchemists at Palazzo Reale, and a major retrospective of Rirkrit Tiravanija’s architectural research at Pirelli HangarBicocca.

Patron Gallery Adds Miao Wang to Its Roster, and More: Industry Moves for April 1, 2026

Several galleries announced new artist representations and expansions. Patron Gallery added painter Miao Wang, who will appear at Expo Chicago; Jessica Silverman added Neo-Pop painter Koak; Anat Ebgi added painter Veronica Fernandez; and Sundaram Tagore Gallery opened a new London space. Additionally, Open Restitution Africa launched an AI-powered database to assist with restitution processes.

The Dallas Art Fair: A Balance Of Growth And Consistency

The Dallas Art Fair (DAF), founded in 2009 by developer John T. Sughrue and curator Chris Byrne, concluded its eighteenth edition this past weekend. Director Kelly Cornell, who started as an intern and became director in 2016, has strengthened partnerships with the Dallas Museum of Art, Nasher Sculpture Center, and Dallas Contemporary, while securing sponsors like Bank of America. The fair has grown from 35 to over 90 galleries, though it still lacks mega-galleries like Gagosian, Hauser & Wirth, David Zwirner, and Pace. International participation this year included about 20 galleries, with notable names such as Perrotin, Anat Egbi, and Hesse Flatow, while galleries from Germany and China were absent.

Joy Labinjo’s Women Take Their Place in the Gallery

Milan's art scene is currently anchored by a series of high-profile exhibitions coinciding with the Miart fair, featuring a diverse range of international talent. Highlights include Joy Labinjo’s vibrant figurative paintings at Tiwani Contemporary, which explore Black domesticity and sisterhood, and Cao Fei’s multimedia investigation into the intersection of technology and global agriculture at Pirelli HangarBicocca. Other notable presentations include Anselm Kiefer’s monumental tributes to female alchemists and historical figures, marking a significant moment for contemporary art in the city.

Judd Foundation Taps Copper Hewitt Curator as New Director of Design

The Judd Foundation has appointed Alexandra Cunningham Cameron as its first director of design, a new role overseeing Donald Judd Furniture LLC. Cameron, currently a curator of contemporary design at the Cooper Hewitt, Smithsonian Design Museum in New York, will start on April 27, guiding product development, operations, and strategic growth for the foundation's furniture line, which produces over 70 designs based on Donald Judd's original specifications.

Martin Schongauer in 2 Minutes

Martin Schongauer en 2 minutes

Martin Schongauer (c. 1445–1491), the Alsatian painter, draftsman, and engraver, is celebrated as the greatest German copperplate engraver before Albrecht Dürer and one of the first artists to achieve pan-European fame in his lifetime. The article outlines his life and career, from his early training in his father's goldsmith workshop in Colmar to his studies at the University of Leipzig and travels through Flanders, where he absorbed the influence of Rogier van der Weyden and Dirk Bouts. It highlights his 116 copper engravings, signed with the monogram 'M+S', which elevated engraving to a high art and circulated from Spain to Bohemia, inspiring Dürer and the young Michelangelo. Key works discussed include the painting 'La Vierge au buisson de roses' (1473) and the engraving 'La Tentation de saint Antoine' (c. 1470–1475).

Milan’s contemporary art credentials further bolstered by arrival of Paris Internationale

Paris Internationale, the influential non-profit art fair, has announced its inaugural Milan edition featuring a lineup of 34 galleries. Scheduled to coincide with Milan Art Week, Miart, and the Salone del Mobile, the fair includes prominent participants such as Jocelyn Wolff, kaufmann repetto, and Sylvia Kouvali. The move signals a strategic expansion for the French organization into a city increasingly recognized for its intersection of art, design, and high-level production.

‘Get in the Game’ at PAMM puts sports and art on a level playing field

The Pérez Art Museum Miami (PAMM) presents 'Get in the Game: Sports, Art, Culture,' an exhibition running through August 23 that bridges the worlds of sports and visual art. Featuring over 100 works by international artists alongside sports memorabilia—including vintage sneakers, racing equipment, and FIFA World Cup soccer balls from 1930 to 2023—the show is organized by the San Francisco Museum of Modern Art and adapted for Miami with local additions. Curated by PAMM director Franklin Sirmans and co-curator Fabiana A. Sotillo, the exhibition is divided into six thematic sections such as Fandom, Winning and Losing, and Mind and Body, aiming to make both sports and art accessible to all visitors.

Philadelphia’s New Art Fair Is Betting Big on Community

Philadelphia is set to launch a new contemporary art fair called Elsewhere on June 4, organized by Megan Galardi, founder of Blah Blah Gallery. The fair will take over the Yowie Hotel, a pair of 1900s rowhouses, featuring 26 galleries from cities including Los Angeles, Toronto, and London. Booth prices are kept low—around $3,000 for the largest rooms—and some exhibitors can sleep in their spaces to reduce costs. Participating galleries include Harlesden High Street, DARLA, and Blah Blah Gallery, with artists such as Patricia Renee’ Thomas, Emmanuel Massillon, and Qualeasha Wood. The fair also includes panels, DJ sets, reciprocal museum tours, and VIP studio visits.

The Cinema and Photography of Agnès Varda. Revolutionary Things on Show in Rome

Il cinema e la fotografia di Agnès Varda. Cose rivoluzionarie in mostra a Roma

A major exhibition dedicated to the work of Agnès Varda, titled "De-ci de-là, Paris-Rome," has opened at the Villa Medici – Accademia di Francia in Rome. The show explores Varda's multifaceted career as a photographer, filmmaker, and contemporary artist, tracing her journey from post-war Paris to the 1960s and her later recognition in the art world. It features her iconic black-and-white portraits, early photographic work, and cinematic elements, presented as a continuous visual sequence.

After the Incredible Art Theft, the Magnani Rocca Foundation Invites the Public to Defend the Museum and Beauty

Dopo l’incredibile furto di opere d’arte la Fondazione Magnani Rocca invita il pubblico a difendere il museo e la bellezza

Three valuable paintings were stolen from the Fondazione Magnani Rocca in Mamiano di Traversetolo, Italy, in late March 2026. The stolen works are Pierre-Auguste Renoir's 'Les Poissons,' Paul Cézanne's 'Natura morta con ciliegie,' and Henri Matisse's 'Odissea sulla terrazza,' with a combined value estimated at several million euros. The Carabinieri's Cultural Heritage Protection Unit is investigating the theft, which occurred despite the presence of security personnel.