Cash-Strapped Hong Kong Arts Hub Saved—Plus a Rundown of the Latest in Asia’s Art World
Hong Kong's financially struggling West Kowloon Cultural District, a major arts hub, has been rescued from its cash crisis. This development was part of a broader Asia art world update that also included leadership changes at Japan's Art Collaboration Kyoto and the announcement of a new art fair in Shenzhen.
Agosto Machado, an artist and activist central to New York's Downtown scene and a participant in the 1969 Stonewall uprising, has died following a brief illness. His gallery, Gordon Robichaux, announced his passing but, respecting his wishes, did not disclose his age. Machado was known for creating intricate shrine sculptures from collected ephemera to honor figures from his community, and one of these altars is currently featured in the 2024 Whitney Biennial.
A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix
Netflix has announced a new series focusing on the turbulent relationship and artistic partnership between Frida Kahlo and Diego Rivera. The project, adapted from Claire Berest's biography, will be co-directed by Mexican filmmakers Patricia Riggen and Gabriel Ripstein and aims to present the story through a specifically Mexican and feminine perspective, exploring their politics and infamous love affairs.
Christie’s has announced the sale of the private collection of the late legendary art dealer Marian Goodman, who passed away in January at age 97. Estimated to bring in approximately $65 million, the collection is headlined by a group of significant works by Gerhard Richter, an artist Goodman championed for four decades. The centerpiece of the auction is Richter’s 1982 painting "Kerze (Candle)," which carries a high estimate of $50 million and will lead a series of dedicated sales in New York this May.
The Metropolitan Museum of Art has announced a major upcoming exhibition titled "Krasner and Pollock: Past Continuous," which aims to present Lee Krasner and Jackson Pollock as artistic equals. While the museum's narrative seeks to reframe Krasner as a formidable figure of the New York School on her own terms, the art market continues to reflect a significant valuation gap. Pollock’s auction record stands at over $61 million, while Krasner’s peak public sale remains just under $12 million, highlighting the persistent commercial struggle for female Abstract Expressionists.
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.
The Los Angeles County Museum of Art (LACMA) has announced that its new David Geffen Galleries will officially open to the public on May 4, 2025. Designed by Pritzker Prize-winning architect Peter Zumthor, the $724 million "curvaceous concrete sandwich" spans Wilshire Boulevard and replaces four previous buildings. The inaugural exhibition, organized by a massive team of forty-five curators, will forgo traditional chronological displays in favor of a thematic framework centered on global oceanic exchange, featuring both permanent collection highlights and new commissions from contemporary artists like Lauren Halsey and Do Ho Suh.
The Contemporary Jewish Museum in San Francisco has announced plans to sell its iconic Daniel Libeskind-designed building in the Yerba Buena Gardens neighborhood. The institution has been closed to the public since December 2024, drastically reduced its staff and budget, and aims to use the sale to stabilize its finances, reduce debt, and ensure its long-term survival.
Hampshire College in Amherst, Massachusetts, has announced it will officially close following the fall 2026 semester, ending 51 years of operation. The decision follows a period of significant financial instability, including a reported $20 million debt and a failure to meet enrollment targets. The college has established agreements with regional institutions, such as Smith College and Bennington College, to allow current students to complete their degrees elsewhere.
DePaul University has announced the permanent closure of the DePaul Art Museum (DPAM) effective June 30, citing a projected $27.4m budget deficit for 2026. Despite an open letter signed by over 3,000 students and faculty, the administration is moving forward with the shutdown of the $7.8m facility that has served as a cultural anchor since 2011. Director Laura-Caroline de Lara had successfully raised funds to keep the museum operational through the current season, but the university's leadership remains committed to the closure as part of a broader cost-cutting initiative.
The British Film Institute (BFI) and the National Portrait Gallery have announced two major exhibitions to celebrate the centenary of Marilyn Monroe’s birth. The BFI will host a two-month film season titled 'Marilyn Monroe: Self Made Star,' featuring a comprehensive look at her filmography and a theatrical re-release of her final film, *The Misfits*. Simultaneously, the National Portrait Gallery will present 'Marilyn Monroe: A Portrait,' an exhibition exploring her influence on visual culture through works by artists like Andy Warhol and Richard Avedon, including rare photographs taken just before her death.
Artist Refik Anadol, cofounder of Refik Anadol Studio, announces the opening of DATALAND, a new museum for data designed from the ground up in collaboration with architect Frank Gehry at The Grand LA. The project aims to create an architectural space inherently designed for immersive, AI-generated, and constantly evolving art, moving beyond the need to retrofit traditional museum structures like the white cube.
The Metropolitan Museum of Art has announced a rare exhibition of Alberto Giacometti’s sculptures to be staged within the iconic Temple of Dendur this summer. Titled “Giacometti in the Temple of Dendur,” the show will feature 17 works, including "Walking Woman (I)" and "Women of Venice," marking a significant departure for the ancient Egyptian site which seldom hosts temporary exhibitions.
The Metropolitan Museum of Art has announced a landmark exhibition titled "Giacometti in the Temple of Dendur," which will place the Swiss sculptor’s slender, modernist figures within the museum’s iconic 1st-century B.C.E. Egyptian temple. Opening in June, the show features fourteen loans from the Fondation Giacometti alongside works from the Met’s permanent collection, including the placement of "Walking Woman (I)" inside the temple’s offering hall to mimic ancient cult statuary.
Smiljan Radic Wins the Pritzker Prize, ‘Men Retire But Women Get Fired From Museum Leadership’ Says Anne Pasternak: Morning Links for March 13, 2026
Chilean architect Smiljan Radic has won the 2026 Pritzker Prize, architecture's highest honor. The award, which had been delayed due to the Pritzker family's past associations with Jeffrey Epstein, recognizes Radic's lyrical and experimental designs that embrace fragility and dialogue with natural environments, creating what the jury described as "optimistic and quietly joyful shelter."
The Los Angeles County Museum of Art (LACMA) has announced that its highly anticipated David Geffen Galleries will officially open to the public on April 19, 2026. Designed by Pritzker Prize–winning architect Peter Zumthor in collaboration with director Michael Govan, the new facility features a horizontal, elevated design that spans Wilshire Boulevard. The structure will house 26 galleries on a single level, representing the culmination of a nearly two-decade redevelopment project.
Frieze New York announced a partnership with major New York cultural institutions, including the Whitney Museum of American Art and Dia Art Foundation, to present performances and exhibitions timed with its May fair. The Whitney will show Jonathan González's "Body Configurations," while Dia will display David Lamelas's video work. This initiative explicitly aims to extend the fair's presence beyond its commercial venue into established museums.
The 16th Gwangju Biennale has revealed its theme, 'You must change your life,' a line from Rainer Maria Rilke's poem 'Archaic Torso of Apollo.' Artistic director Ho Tzu Nyen and curators Che Kyongfa, Park Gahee, and Brian Kuan Wood will lead an edition focused on art's transformative power during a time of multiple crises. The exhibition, running from September 5 to November 15, will feature the smallest number of artists in the biennale's history, emphasizing intensity over accumulation and tracking the evolution of individual artistic practices.
The Robert Rauschenberg Foundation has announced the recipients of its one-time Rauschenberg Centennial Award, a $100,000 unrestricted prize honoring the artist's 100th birthday. Winners include artist Senga Nengudi, performer David Thomson, photographers Chandra McCormick and Keith Calhoun, and poet Patricia Spears Jones, all of whom were selected from past participants of the foundation's Captiva Residency program.
Gagosian has announced that the inaugural exhibition at its new ground-level space at 980 Madison Avenue will feature the iconic "readymades" of Marcel Duchamp. Opening April 25, the show will showcase a series of 14 authorized replicas created in 1964 by Duchamp and dealer Arturo Schwarz, including famous works like "Fountain" and "Bicycle Wheel." The exhibition is timed to run concurrently with a major Duchamp retrospective at the Museum of Modern Art, the artist's first in the United States in over half a century.
Tate Modern has announced its 2027 exhibition program, headlined by "Monet: Painting Time," the museum's first-ever solo exhibition dedicated to Claude Monet since it opened 26 years ago. The show, opening February 27, 2027, will feature rarely seen works from global lenders and new research, following an initial presentation at the Musée de l'Orangerie in Paris opening this September to mark the centenary of Monet's death.
ArtReview and Ursula magazine have announced a collaborative talk featuring curators Hammad Nasar and Billy Tang as part of their "Off the Record" series in London. The event, held at the Farm Shop in Mayfair, is designed as an intimate, live conversation focused on the working methods and inspirations of creative visionaries. Nasar, a veteran curator and MBE recipient, will join Tang, the Artistic Director of the new Yan Du Project, to discuss their respective practices and the evolution of creative thinking.
Gagosian has announced that its new gallery space on the Upper East Side will open with a major exhibition dedicated to Marcel Duchamp. The show, located at 980 Madison Avenue, will feature a comprehensive collection of the artist's iconic readymades, marking a significant addition to the New York spring art calendar.
Le Centre Pompidou inaugurera début juin son antenne sud-coréenne dans un ancien aquarium de Séoul
The Centre Pompidou has announced the official opening date for its new South Korean satellite, the Centre Pompidou Hanwha, scheduled for June 4, 2026. Located in a former aquarium within Seoul’s financial district, the 11,000-square-meter space was redesigned by architect Jean-Michel Wilmotte and will launch with a major cubism exhibition featuring 90 works by masters such as Picasso and Braque. The inauguration was recently marked by a site visit from French President Emmanuel Macron and key cultural officials.
The art landscape in Asia is undergoing significant shifts with Art Basel renewing its five-year commitment to Hong Kong and the Centre Pompidou announcing a June opening for its new Seoul branch. Meanwhile, the Ayala Foundation unveiled designs by architect Kulapat Yantrasast for Kontempo, a major new contemporary art center in Manila slated for 2028, and the Kochi-Muziris Biennale appointed Jitish Kallat as president following the resignation of cofounder Bose Krishnamachari.
Art Dubai has released a revised exhibitor list for its 2026 edition, which was rescheduled to May 15–17 following regional instability caused by the US-Israel war in Iran. The fair will feature 50 galleries at Madinat Jumeirah, down from its original roster after approximately 75 participants—including major Indian and Western galleries—withdrew due to scheduling conflicts and logistics. To support those remaining, the fair has introduced a flexible fee structure where galleries pay a percentage of sales capped at the original stand cost.
Renowned composer Andrew Lloyd Webber has announced he is developing a new musical centered on the 1911 theft of Leonardo da Vinci’s Mona Lisa. The production will dramatize the true story of Vincenzo Peruggia, a Louvre employee who stole the masterpiece and hid it for two years before it was recovered in Italy. Lloyd Webber revealed the project following the Broadway opening of Cats: The Jellicle Ball, noting that he is beginning the writing process immediately.
Christie’s has announced that it will auction works from the personal collection of the late legendary dealer Marian Goodman during its May marquee sales in New York. The collection is headlined by seven paintings by Gerhard Richter, including the iconic 1982 work *Kerze (Candle)*, which carries an estimate of $35 million to $50 million. The total group of works from Goodman’s Manhattan home is expected to realize approximately $65 million.
Czech Culture Minister Oto Klempíř has dismissed Alicja Knast from her position as director of Prague's National Gallery. The move has generated significant scrutiny, with critics questioning the lack of a formal explanation and the abrupt manner of her removal, which was announced without a joint press conference.
The U.S. House of Representatives passed the HEAR Act, a bipartisan bill designed to extend and strengthen laws for the restitution of Nazi-looted art. The bill's new amendments, which declare looted art a violation of international law and expand U.S. jurisdiction, have drawn both praise for aiding restitution and concern over potentially unfair burdens on current owners.