Sellers at the May Marquee Auctions Revealed, Bogotá’s MAMBO Museum Loses Its Director, and More: Morning Links for May 4, 2026

The spring auction season is underway, with ARTnews revealing that Jean-Michel Basquiat's 1983 painting *Museum Security (Broadway Meltdown)* is headed to Sotheby's contemporary art sale on May 14 with a $45 million estimate, consigned by Joahn Sayegh-Belchatowski. Christie's postwar and contemporary day sale includes a collection dubbed "A Matter of Seeing" from Ronald Lauder. Meanwhile, Lévy Gorvy Dayan is testing a new auction-gallery hybrid model, and British billionaire Joe Lewis plans to sell another $200 million in art at Sotheby's in June. In other news, Martha Ortiz has left the Museo de Arte Moderno de Bogotá (MAMBO) following harassment allegations, after the earlier dismissal of artistic director Eugenio Viola. The article also covers a planned Derrick Adams portrait of Koyo Kouoh in Venice, the death of cartoonist Nicole Hollander, a free-entry stunt by Maurizio Cattelan at Fondation Beyeler, a Christo installation at Gagosian London, and a report on Italian Prime Minister Giorgia Meloni's political interference in cultural institutions, including the Venice Biennale.

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.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Legal Dispute Threatens Auction of Titanic Artifacts, Vaillancourt Fountain Catches Fire During Demolition, and More: Morning Links for May 7, 2026

A legal dispute has erupted over the planned auction of nearly 100 artifacts recovered from the Titanic shipwreck in 1987. The R.M.S. Titanic, the private company that owns salvage rights, seeks to sell the items, but the French government—which co-sponsored the expedition—granted title under the condition they not be sold. The U.S. National Oceanic and Atmospheric Administration also opposes the sale, arguing it violates a prior legal ruling. A judge has rejected the company’s attempt to keep the auction confidential. Separately, San Francisco’s Vaillancourt Fountain caught fire during demolition on May 6, 2026, when a torch ignited rubber tubing inside the Brutalist sculpture by Armand Vaillancourt; the fire was quickly contained with no injuries. Other news includes the death of Beat Generation artist George Herms at 90, a French bill to facilitate colonial-era art restitution, and a rare opportunity to view Gustav Klimt’s ceiling paintings at Vienna’s Burgtheater during renovation.

Gagosian Opens a New Ground-Floor Flagship at 980 Madison Avenue with Duchamp-Rauschenberg Double Header

Gagosian is opening a new ground-floor flagship gallery at 980 Madison Avenue in New York, moving from its former upper-floor space in the same building. Designed by Caplan Colaku Architects, the 12,000-square-foot, two-level space consolidates three storefronts into a continuous layout with restrained materials like Portland Taupe stone and brushed stainless steel. The inaugural exhibition pairs a major Marcel Duchamp show with six early works by Robert Rauschenberg on loan from the Cy Twombly Foundation, coinciding with a Duchamp retrospective at MoMA and referencing a 1965 Duchamp exhibition held in the same building.

Paul McCarthy: ‘The world is now an extreme absurdity. The work is a reaction to that’

Paul McCarthy, the 80-year-old American artist known for his transgressive critiques of consumer culture, has opened a new exhibition titled "SS EE Saint Santa Eva Elf" at Hauser & Wirth in Paris. The show features large-scale drawings and a six-channel video installation created during filmed performances with his long-term collaborator, German actress Lilith Stangenberg, who plays the Elf. McCarthy revisits his iconic Santa Claus motif, portraying him as a dark, psychotic figure—the "god of capitalism and consumption." The exhibition also includes earlier drawings made with Stangenberg at Bowman Hal gallery in Madrid. The interview reveals that McCarthy's home and studios in Los Angeles were destroyed by wildfires, resulting in the loss of art, drawings, notebooks, and books, and the cancellation of a planned London show.

Inside Gagosian’s Quiet Power Move to Street Level on Madison Avenue

Gagosian has opened a new 2,275-square-foot ground-floor gallery at 980 Madison Avenue in New York, relocating from its longtime sixth-floor space after 37 years. The move was prompted by Bloomberg Philanthropies' acquisition of the building in 2024, which displaced several fine art tenants. The inaugural exhibition features works by Marcel Duchamp and Robert Rauschenberg, and the space was designed by architect Jonathan Caplan with advanced lighting by Dot Dash.

Lost ‘cloud’ of artist who wrapped the Reichstag to be created in UK gallery

Six years after Christo's death, Gagosian London will realize a monumental installation he designed in 1968 titled "Air Package on a Ceiling," originally conceived for the Institute of Contemporary Art in Philadelphia but never built due to technical constraints. The plans and a detailed scale model were discovered by studio manager Lorenza Giovanelli in 2018, hidden inside a hollow plinth in Christo's studio. The work, a vast internally illuminated suspended form resembling a cloud, will fill a 16-meter-long, 10-meter-wide space at Gagosian London, descending just above head height, in collaboration with the Christo and Jeanne-Claude Foundation.

Venice Biennale 2026 Highlights: Arsenale & Giardini

ArtReview editors highlight the must-see national pavilions at the 61st Venice Biennale, running from 9 May to 22 November 2026. Notable presentations include Austria's Florentina Holzinger turning her pavilion into a toilet and sewage-treatment plant with naked performers, and Germany's pavilion featuring works by Sung Tieu and the late Henrike Naumann, who died in February 2026, exploring East German memory and conceptual minimalism.

Venice Biennale 2026: all the national pavilions, artists and curators so far

The 61st edition of the Venice Biennale, the world's oldest and most prestigious art biennial, will open on 9 May 2026 and run through 22 November. The main exhibition follows the curatorial plan of the late Koyo Kouoh, while national pavilions have been announcing their participating artists and organizers. The article provides a comprehensive list of confirmed pavilions so far, including artists such as Genti Korini (Albania), Matías Duville (Argentina), Khaled Sabsabi (Australia), Florentina Holzinger (Austria), Faig Ahmed (Azerbaijan), and many others, with details on venues and organizers.

Emails Suggest Venice Biennale Organizers Planned for Limited Russian Participation, SF Appoints First Arts and Culture Director, and More: Morning Links for April 28, 2026

Emails between Venice Biennale organizers and the Russian Pavilion commissioner reveal plans for limited Russian participation: the pavilion would open during the vernissage (May 5–8) with live performances, then close to the public after May 9, with multimedia documentation viewable from outside. The messages, dating to June 2025, also show Biennale staff helping Russian artists obtain visas. Organizers insist they complied with European sanctions, which prohibit financial support or direct collaboration with state-backed Russian entities. Separately, San Francisco has appointed Matthew Goudeau as its first executive director of arts and culture, a new role overseeing three public art agencies amid local arts closures.

A brush with... Sanya Kantarovsky—podcast

Artist Sanya Kantarovsky is the subject of a podcast interview. He discusses his artistic practice, influences, and the guiding principle of 'ostranenija' or 'making strange' in his figurative paintings, which blend bodies, animals, and plants in atmospheric, often threatening scenarios.

New Louvre Chief Christophe Leribault Reveals His Vision for the Museum Post-Heist

Christophe Leribault, the new director of the Louvre, has outlined his vision for the museum following a $100 million heist in October 2025. The Apollo Gallery, where the theft occurred, will reopen in July with a redesigned display that removes mineral cases to highlight its Romantic wall paintings, inspired by Versailles’s Hall of Mirrors. Empress Eugénie’s diamond-and-emerald crown, crushed by the thieves, is being restored and will become a new highlight. Security upgrades include window bars, 100 new cameras by 2026, a mobile police station, and a new security coordinator. The heist led to the resignation of former director Laurence des Cars in February.

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.

Berlin Modern Museum Delayed Again as Moisture Damage Pushes Opening to 2030

Berlin's long-awaited Berlin Modern museum has been delayed again, with its opening now pushed to 2030 due to moisture damage in the building's shell and microbial contamination in other parts of the structure. The Prussian Cultural Heritage Foundation announced the delay after the Berlin-Brandenburg Broadcasting Corporation broke the story. The Herzog & de Meuron-designed building, originally scheduled to open this year as the Museum of the 20th Century, has faced multiple setbacks since groundbreaking in December 2019, with completion dates slipping from 2026 to 2028, then 2029, and now 2030. The project's cost has ballooned from €200 million to €507 million.

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.

Inside ‘Prince of Prints’ Jordan Schnitzer’s Sprawling Collection

Jordan Schnitzer, the Portland-based philanthropist often called the 'Prince of Prints,' recently provided a rare tour of his massive 50,000-square-foot art warehouse. The facility utilizes a sophisticated 'floating bin' logistics system, similar to those used by major retailers, to manage over 22,000 works, including extensive holdings by Andy Warhol, Joseph Beuys, and Richard Prince. Schnitzer’s foundation operates as a lending library, frequently shipping works to museums and hosting educational tours for students from districts where arts funding has been eliminated.

The Interview: Ei Arakawa-Nash

Ei Arakawa-Nash, a Japanese American performance artist, was selected to represent Japan at the 61st Venice Biennale, becoming the first non-Japanese national to do so in a solo presentation. This follows his first solo museum exhibition, "Paintings Are Popstars," at Tokyo's National Art Center in 2024, which was also the center's first solo show devoted to a performance artist. In an interview with ArtReview, Arakawa-Nash discusses his naturalization as a U.S. citizen, his complex relationship with national identity, and his upcoming Venice exhibition titled "Grass Babies, Moon Babies," cocurated by Lisa Horikawa and Takahashi Mizuki, which will explore themes of care and reparation using babies as a central motif.

10 Ausstellungen, die Sie zum Gallery Weekend nicht verpassen sollten

The article highlights ten must-see exhibitions during Berlin's Gallery Weekend, curated by the editorial team of Monopol magazine. Featured shows include Jiyoon Chung's installation "Dead End" at Anton Janizewski, which explores perception and anxiety through subtle triggers; Giorgio Griffa's retrospective at Walter Storms Galerie, showcasing his poetic abstract paintings on un-stretched linen; Walid Raad's "Like a Rubber Rung on a Ladder" at Galerie Thomas Schulte, referencing the Lebanese Civil War with a crashed VW Beetle and graffiti; and Thomas Demand's exhibition at Sprüth Magers, where his photographs printed on copper plates reflect on current events like the Gaza war and climate change.

10 exhibitions you can still see after Berlin's Gallery Weekend

10 Ausstellungen, die Sie auch nach dem Gallery Weekend in Berlin sehen können

The Monopol editorial team highlights ten standout exhibitions from Berlin's Gallery Weekend, including Jiyoon Chung's installation "Dead End" at Anton Janizewski, which uses subtle triggers to explore perception and anxiety; Giorgio Griffa's retrospective at Walter Storms Galerie, featuring his poetic abstract paintings on raw linen; Walid Raad's narrative-driven show at Galerie Thomas Schulte, referencing the Lebanese civil war with a crashed VW Beetle and bomb graffiti; and Thomas Demand's new works at Sprüth Magers, printed on copper plates to create a shimmering aura. The article provides a curated tour of these shows, many of which remain open after the weekend.

The North Can Do More Than Design

Der Norden kann mehr als Design

During Stockholm Art Week, the Swedish capital showcases itself as a leading Nordic art destination. Highlights include textile sculptures by Diana Orving at Millesgården Museum, two concurrent art fairs—the independent Supermarket and the 20th edition of Market Art Fair—and numerous gallery exhibitions, artist talks, and studio visits. The Market Art Fair features 54 booths and over 150 artists, with a focus on Nordic positions, including works by Ólafur Elíasson and the duo Inka & Niclas. The city's art scene is growing, with many new galleries opening and strong private institutions like Bonniers Konsthall and Fotografiska participating.

The Permanence of Refusal: Interview with Ding Yi

Chinese artist Ding Yi, who first appeared at the Venice Biennale in 1993 as part of the inaugural Chinese contemporary art exhibition, has returned to Venice with his first solo show in the city, titled “Cosmotechnics: Ding Yi as a Planetary Code” at Fondazione Querini Stampalia. The exhibition, referencing philosopher Yuk Hui's concept of cosmotechnics, traces Ding Yi's abstract visual language from the 1980s to the present, featuring new and historic works that engage with the modernist architecture of Carlo Scarpa. In an interview with ArtAsiaPacific during the 61st Venice Biennale preview week, Ding Yi reflects on the evolution of his practice, his travels, and the deep perceptual frameworks of ancient civilizations.

Tate Britain will Exhibit ‘90s Art and Fashion, and Other News.

Tate Britain will stage "The 90s: Art and Fashion" in autumn 2026, guest curated by Edward Enninful, featuring nearly 70 artists, designers, and photographers including Steve McQueen, Damien Hirst, Alexander McQueen, and Vivienne Westwood. The exhibition explores how the decade reshaped British cultural identity through art, fashion, and social commentary, highlighting DIY anti-fashion aesthetics and themes of identity, race, class, and representation. Separately, Gagosian opened a new ground-floor flagship at 980 Madison Avenue in New York, replacing its longtime sixth-floor space after 37 years. A rare 17th-century Mughal astrolabe is heading to Sotheby's London with a £1.5–2.5 million estimate. Fondazione Sozzani launched an award for emerging creative talent. A Manhattan federal jury ordered art publisher Michael McKenzie to pay $102.2 million in damages to the Morgan Art Foundation for producing unauthorized works by Robert Indiana.

Beverly Buchanan’s Anti-Monuments

Beverly Buchanan's outdoor sculptures, such as 'Marsh Ruins' (1981) and 'Unity Stones' (1983), are quietly eroding in landscapes across Georgia, Florida, and North Carolina. These anti-monuments, made from tabby concrete and stone, blend into their surroundings while subtly referencing the region's layered histories, including Indigenous shell middens, plantation ruins, and the 1803 slave revolt on St. Simons Island. Buchanan, who died in 2015, is now receiving renewed attention: her work will be featured at the Venice Biennale this spring, and a touring retrospective is currently at Frac Lorraine in Metz, following a posthumous show at the Brooklyn Museum in 2016–17.

At the ‘art world Olympics,’ Team USA is chaotic

The US Pavilion at the 2026 Venice Biennale, often called the 'art world Olympics,' is mired in controversy and delays under the Trump administration. Curator Jeffrey Uslip insists the process has been smooth and artistically autonomous, but the selection of sculptor Alma Allen and commissioner Jenni Parido—a former pet supply shop owner with a new nonprofit—has raised eyebrows. The usual vetting process by the National Endowment for the Arts was disrupted, new language banning diversity, equity, and inclusion efforts was added to applications, and a government shutdown left only six months to fundraise and plan the exhibition, which coincides with the US's 250th anniversary.

Art Events May You Cannot Miss in London

An Artlyst guide highlights several major art exhibitions opening in London in May 2026. Key shows include 'Zurbarán' at the National Gallery (the UK's first major monographic exhibition of the Spanish master in over 30 years), 'Rising Voices: Contemporary Art from Asia, Australia and the Pacific' at the V&A (a collaboration with QAGOMA featuring 40 artists), a James McNeill Whistler retrospective at Tate Britain (the first major European show in 30 years), and 'Winston Churchill: The Painter' at the Wallace Collection. Photo London is also moving to Olympia this year.

Un’isoletta tutta dedicata all’arte nel mezzo della Laguna di Venezia. Va avanti il progetto della Fondazione Sandretto Re Rebaudengo sull’Isola di San Giacomo

The Fondazione Sandretto Re Rebaudengo has opened a new art space on the island of San Giacomo in the northern Venetian lagoon, acquired in 2018 by Patrizia Sandretto Re Rebaudengo and Agostino Re Rebaudengo. The island, previously abandoned, has been transformed into a laboratory for art and sustainability, with a gradual opening plan that initially aligns with the Venice Biennale. The inaugural program launched on May 7, 2026, includes a solo exhibition by Matt Copson curated by Hans Ulrich Obrist, a group show titled 'Don’t have hope, be hope!', and a photographic documentation of the restoration process by Giovanna Silva and Antonio Fortugno.

Art Workers Plan Venice Biennale Strike

Cultural workers, labor unions, and grassroots groups are planning a strike at the Venice Biennale on Friday, May 8, organized by the Art Not Genocide Alliance and others. The action, described as the first organized strike within the Biennale, aims to protest Israel's inclusion in the event, with participants withholding their labor and calling to "shut down the genocide pavilion." The article also covers other art news, including exhibitions in Los Angeles, a profile of nonagenarian artist Mohammad Omer Khalil, and memes about the Met Gala.

The Box LA, Beloved Risk-Taking Art Space, Closes After 19 Years

The Box LA, a pioneering experimental art space in Los Angeles known for its fearless support of unconventional and performance art, is closing after 19 years. Founded in 2007 by Mara McCarthy in Chinatown (later moving to the Arts District), the gallery operated as a commercial space but with a nonprofit ethos, championing underrecognized artists from her father Paul McCarthy's generation alongside emerging talents. Its final exhibition, a retrospective of Wally Hedrick presented with Parker Gallery, ended April 4, with a closing celebration planned for June 6 featuring a fashion show by Johanna Went. The closure is attributed to financial struggles, exacerbated by the Eaton Fire that destroyed McCarthy's home and her family's, and a shift in support from McCarthy Studios.

Refik Anadol’s Dataland Museum Sets an Opening Date

Refik Anadol's Dataland, billed as the world's first A.I. art museum, will open on June 20 in Los Angeles after more than two and a half years of planning. Founded by Anadol and his partner Efsun Erkiliç, the museum is housed inside the Frank Gehry-designed Grand L.A. complex and features five galleries. Its debut exhibition, "Machine Dreams: Rainforest," uses ecological data processed through Anadol's Large Nature Model to create digital sculptures simulating possible rainforests. The museum, designed by Gensler, dedicates nearly a third of its 35,000 square feet to operational hardware and runs on 87 percent carbon-free energy.