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Art Basel’s Parent Company Plans New ‘Ideas Festival’—and More Art Industry News

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.

James Murdoch and Art Basel’s Parent Company Are Working on a Big Ideas Festival to Launch in 2028

James and Kathryn Murdoch, through their respective organizations Lupa Systems and Futurific, are partnering with MCH Group, the parent company of Art Basel, to create a new major festival called the Futurific Institute. The event, set to launch in Basel, Switzerland in the summer of 2028, aims to be a cross-disciplinary gathering focused on art, culture, technology, and future-oriented problem-solving, drawing comparisons to world's fairs and events like TED Talks.

A Midwest Frieze: Kate Sierzputowski Takes the Reigns as Director of Expo Chicago From Founder Tony Karman

Kate Sierzputowski has officially stepped into the role of Director at Expo Chicago, succeeding longtime founder Tony Karman following the fair's acquisition by Frieze. As the fair prepares for its April 2025 edition at Navy Pier, Sierzputowski is overseeing a significant transition that includes a streamlined roster of 130 galleries and a more integrated branding presence from the Frieze parent company.

Comment | All hail the rise of the art internship

Sotheby's auction house and Sotheby's Institute of Art, through their parent company Edconic, have launched a formalized, paid fellowship program. The initiative places 20 master's students from the Institute's New York program into 12-week paid internships at the auction house, with plans to expand to London and eventually involve 60 students. The program aims to provide practical, credit-earning work experience directly within the art market.

Leonardo Madriz’s Monuments to the Precarity of Now

Artist Leonardo Madriz presents his solo exhibition 'Do Not Be Afraid' at Parent Company, featuring five totemic sculptures constructed from rope, resin, and found objects. These works, which Madriz calls 'sentinels,' use materials like rebar, barbed wire, a fake Rolex, and a fragment of a US flag made in Vietnam to create anthropomorphic forms that appear weary and burdened.

1969 gallery space zero one wet paint 2746678

The New York art scene is witnessing a shift in the Tribeca gallery landscape as 1969 Gallery, a fixture known for championing emerging painters, has shuttered its physical space at 39 White Street. Founder Quang Bao confirmed the closure following the building owner's decision to sell the property, noting that he is currently operating from Barcelona with plans to pivot toward collaborations and residencies rather than the traditional gallery model. Meanwhile, the itinerant Ward Gallery continues to gain traction by hosting pop-up symposia at institutions like the International Center for Photography, signaling a broader trend toward real-estate-free dealership.

67 galleries will once again take over the Shed for Frieze New York

The Frieze New York art fair will return to the Shed in Manhattan for its sixth edition this May, featuring 67 galleries. This marks the first edition since the fair's parent company was acquired by Ari Emanuel's Mari. The event will coincide with several other New York art fairs and major spring auctions, creating a competitive landscape for collectors' attention as it follows closely on the heels of the 2026 Venice Biennale opening.