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The Los Angeles art scene is navigating a complex recovery as it prepares for Frieze Los Angeles 2026. The city is grappling with the lingering trauma of devastating wildfires that destroyed significant private collections, alongside economic instability caused by massive layoffs in the entertainment industry and recent political unrest. This combination of environmental and financial crises has led to a notable market downturn, resulting in the closure of several high-profile galleries including Blum, Tanya Bonakdar, and Sean Kelly.

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Thousands of documents released by the U.S. Department of Justice reveal that convicted sex offender Jeffrey Epstein was the hidden architect behind billionaire Leon Black's multi-billion dollar art investment and financial strategy from 2012 to 2017. Epstein managed Black's vast collection, valued at $2.7 billion in 2016, setting up LLCs, negotiating loans and commissions with major auction houses and galleries, and deploying the art for tax and estate planning.

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Artnet News has published a list of the top 10 German art collectors, coinciding with the opening of Art Cologne 2015. The list includes notable figures such as Frieder Burda, who opened his own museum in Baden-Baden; Nicolas Berggruen, the "homeless billionaire" who favors contemporary American and German artists; Christian and Karen Boros, who display their collection in a repurposed Berlin bunker; industrialist Reinhold Würth, whose collection spans from Renaissance to contemporary; former dealer Désiré Feuerle, known for his eclectic mix of Khmer sculpture and contemporary art; and Hasso Plattner, co-founder of SAP and a major collector of Impressionist and modern works.

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A 51-page document released as part of the Jeffrey Epstein files appears to catalog the extensive private art collection of billionaire collector and former MoMA board chair Leon Black. The document, which lists works by masters from Michelangelo to Picasso under corporate entities linked to Black, reveals valuations and details of a collection largely kept from public view, including works held as promised gifts to major museums like MoMA and the Metropolitan Museum of Art.

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Artnet News published part two of a two-part series featuring advice from 11 experienced collectors. Among them are comedian Cheech Marin, who began collecting Chicano art in the 1980s and opened the Cheech Marin Center for Chicano Art and Culture in Riverside, California in 2022, and Kiran Nadar, founder of the Kiran Nadar Museum of Art in India, who with her husband has amassed over 15,000 works. Marin emphasizes trusting instincts, building relationships with artists, seeing art in person, and warns about storage space becoming an addiction. Nadar advises staying open and curious, and not hesitating to explore the unfamiliar.

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Acquavella Galleries in New York will present a major exhibition, 'Matisse: The Pursuit of Harmony,' from April 9 to May 22, 2026. The show assembles 50 paintings, sculptures, and works on paper spanning half a century, including the complete 'Back' series and significant loans from private collections and major museums.

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Raquelín Mendieta, the longtime administrator of the estate of her sister, artist Ana Mendieta, died on October 24 in Miami at age 79 due to a long illness. Raquelín took charge of Ana's legacy after the artist's death in 1985, organizing a retrospective at the New Museum in 1987 and partnering with Galerie Lelong in 1991 to establish a market for Ana's work. Under her stewardship, Ana's art was acquired by major museums like the Whitney Museum and included in over 600 group shows and 55 solo exhibitions, including 16 museum retrospectives.

Matisse Is a Crowd-Pleaser. Here’s What the Crowds Rarely Get to See

Acquavella Galleries in Manhattan has unveiled a major exhibition featuring over 50 works by Henri Matisse, many of which are rarely seen pieces drawn from private collections. This comprehensive survey includes paintings, drawings, and sculptures that span the artist's prolific career, offering a unique glimpse into works that typically remain behind closed doors.

A Joan Mitchell diptych and a rare stack by Donald Judd: our pick of the May auctions

The Art Newspaper highlights five major lots from New York's May 2025 auctions. Phillips offers Joan Mitchell's diptych 'Plain' (1989), estimated at $5-7 million, from the collection of late Miami art patron Tina Hills. Christie's presents Donald Judd's rare copper and red Plexiglas 'Untitled (Stack)' (1969), estimated at $10-15 million, from the Minimalist collection of the late Henry S. McNeil Jr. Sotheby's leads with Jean-Michel Basquiat's 'Museum Security (Broadway Meltdown)' (1983), estimated above $45 million, and Mark Rothko's 'Brown and Blacks in Reds' (1957), estimated at $70-100 million from the collection of late dealer Robert Mnuchin.

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The San Francisco Museum of Modern Art (SFMOMA) has announced a major reinstallation of its Fisher Collection galleries, titled “Reimagined: The Fisher Collection at 10,” opening April 18, 2026. The overhaul will feature 250 artworks by 35 modern and contemporary artists across 60,000 square feet of gallery space, organized by thematic and monographic floors. The project is led by curator Ted Mann and chief education officer Gamynne Guillotte. The Fisher Collection, a 100-year loan from the Fisher Art Foundation, includes blue-chip works by Alexander Calder, Gerhard Richter, Andy Warhol, and others, assembled by Gap Inc. founders Donald and Doris Fisher.

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As the fall auction season returns to New York, Christie’s and Sotheby’s are preparing for evening sales amid an uneven art market. The article reveals key consignors behind major lots, including a Frida Kahlo painting from 1931, estimated at $6–8 million, owned by Miami-based Francisco and Fiorella Pérez Díaz, and three French Post-Impressionist works from the collection of the late Argentine patron Nelly Arrieta de Blaquier. The market context includes underwhelming results at Art Basel in Switzerland but strong attendance at Frieze London and Art Basel Paris, with collectors showing willingness to spend only on exceptional, well-priced works.

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Art Basel Paris opened its VIP preview on Wednesday, following a new invite-only preview called Avant Première on Tuesday. Major galleries reported strong sales, including Hauser & Wirth's $23 million Gerhard Richter abstract, the highest reported sale at the fair. Other notable sales included Julie Mehretu's $11.5 million painting at White Cube, a $4.7 million Bruce Nauman neon at Hauser & Wirth, and a $2.5 million Marlene Dumas painting at David Zwirner. Dealers noted that the staggered two-day opening helped spread out crowds and allowed collectors to return for the official VIP day, with many describing the fair as the most successful edition in Paris to date.

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.

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New York's spring auction season concluded with a dramatic five-day marathon across Sotheby's, Christie's, and Phillips, generating a combined $2.2 billion. Sotheby's led with $1.17 billion in total sales, fueled by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) from the estate of Leonard A. Lauder, which sold for $234.6 million—a single work accounting for 20% of Sotheby's total. Christie's followed with $962.6 million, and Phillips added $92.1 million. Notable highlights included Frida Kahlo's *El sueño (La cama)* (1940) achieving $54.7 million, a new record for the artist and the highest price for a female artist at auction in raw dollars, and a triceratops fossil named Cera selling for $5.4 million at Phillips.

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At Sotheby’s Modern evening auction, René Magritte’s 1942 painting *Le Jockey perdu*—which the artist considered a turning point in his career—sold for over $12.3 million, exceeding its high estimate. The work was part of a group of ten consignments from the estate of shopping mall magnate Matthew Bucksbaum and his wife Carolyn “Kay” Bucksbaum, influential collectors and philanthropists who met on a blind date in 1952. Alongside works by Salvador Dalí, Jean Dubuffet, Paul Klee, and Joan Miró, the evening sale netted more than $25 million, with remaining pieces appearing in subsequent day sales.

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Ruth Angus, associate curator of the Department of Astrophysics at the American Museum of Natural History, leads a tour of the exhibition "Cosmic Splendor: Jewelry from the Collections of Van Cleef & Arpels," running through January 4, 2026, in the Melissa and Keith Meister Gallery. The show features over 60 pieces from the Parisian maison's archives and private collections, each inspired by cosmic phenomena such as galaxies, stars, and planetary nebulae. Angus served as curatorial advisor alongside Denton Ebel, Kate Kiseeva, and Alexandrine Maviel-Sonet, with thematic sections covering the Moon, Sun, distant galaxies, meteorites, and the Zodiac. Highlights include the Trappist transformable necklace (2021) inspired by the TRAPPIST-1 star system and the Explosion Stellaire necklace (2021) depicting a supernova.

Paris Dealer Kamel Mennour Buys Galerie Malingue, Founded Over Five Decades Ago

Parisian art dealer Kamel Mennour has acquired the historic Galerie Malingue, taking over its prestigious 4,300-square-foot showroom on Avenue Matignon. The purchase represents a generational shift, with the younger dealer assuming control of a space founded over fifty years ago by Daniel Malingue, known for its focus on Impressionist, Surrealist, and modern masters.

Six artists having a museum moment: Basquiat, Hockney, Bove, Brown, Wylie and Goldin

Six blue-chip artists are currently experiencing a significant wave of institutional recognition through major museum exhibitions across the globe. Cecily Brown is preparing for a homecoming solo show at London’s Serpentine South, while Jean-Michel Basquiat is the subject of a focused study on his works on paper at Denmark’s Louisiana Museum of Modern Art. Other featured artists include David Hockney, who recently opened a massive 400-work retrospective at the Fondation Louis Vuitton, alongside Carol Bove, Rose Wylie, and Nan Goldin.

Look Inside the Art-Filled Home of New York City's Cultural Crusaders

This profile explores the Upper West Side residence of Crystal McCrary McGuire and Raymond J. McGuire, a power couple deeply embedded in New York City’s cultural and financial sectors. Their home serves as a private gallery for a significant collection of African American art, featuring masterworks by Norman Lewis, Henry Ossawa Tanner, Elizabeth Catlett, and Romare Bearden. The couple’s shared passion for collecting began independently, sparked by their formative years studying in France, and has since evolved into a joint mission to preserve and live alongside Black artistic heritage.

Walk the auction: your guide to Christie’s 20th and 21st Century Art sales in NY this November

Christie’s is holding its 20th and 21st Century Art auctions in New York this November, featuring masterpieces by David Hockney, Mark Rothko, Pablo Picasso, Lucian Freud, and Richard Diebenkorn. The sales include works from distinguished private collections such as The Collection of Robert F. and Patricia G. Ross Weis, Elaine: The Collection of Elaine Wynn, the Edlis | Neeson Collection, and the Arnold and Joan Saltzman Collection. A free public exhibition runs from 7–20 November at Christie’s Rockefeller Center galleries, with live auctions on 18 and 20 November, including an Impressionist & Modern Works on Paper Sale and a Post-War & Contemporary Art Day Sale. Highlights include Edgar Degas’ pastel *Danseuses sur la scène* (c. 1879), a Joan Miró from 1942, and a Frida Kahlo painting with a storied exhibition history.

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.

55 years. Berggruen Gallery

Berggruen Gallery in San Francisco announces its 55th Anniversary Exhibition, a group show running from June 26 to August 14, 2025. The exhibition features paintings, works on paper, sculpture, film, and archival ephemera from the SFMOMA Library and SFAI archive, showcasing museum-quality works by contemporary and historical artists. Many pieces are on loan from private collections and rarely exhibited publicly. The gallery, founded by John Berggruen in 1970 on Grant Avenue, quickly became a nationally recognized force in shaping the West Coast art scene, bridging New York and international artists with local collectors.

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Cultured magazine profiles Houston collectors Leigh and Reggie Smith as the city's Untitled Art Fair opens. The couple, who have collected contemporary art for over 30 years, discuss their diverse collection spanning international and local artists, including works by Yinka Shonibare, Francis Picabia, and overlooked mid-century women artists. They highlight Houston's collaborative art ecosystem, public art funding, and the distinct character of its scattered venues.

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Cultured magazine's article "design inspiration summer interiors collecting" presents five distinct stories exploring the intersection of art, design, and collecting within private homes and studios. It profiles designer John Gachot's Shelter Island studio where his paintings coexist with his father Richard Gachot's sculptures; the Montauk home-workshop of Roman & Williams founders Stephen Alesch and Robin Standefer; artist David Salle's Hamptons residence and his approach to selecting artworks; real estate investor Carl Gambino's art collection featuring emerging and established artists; and author James Frey's personal collection, which he began by purchasing a Picasso with cash.

Botticelli under UK export ban purchased by Klesch Collection

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), valued at £10.2 million, has been purchased by the Klesch Collection, a British private collection, after the UK government placed an export bar on the work in May 2025. The painting, which sold at Sotheby’s London in late 2024 for £9.7 million, will be loaned to the Ashmolean Museum in Oxford for three years, ensuring it remains in the UK.

Jennifer Gilbert Consigns Blue-Chip Works to Sotheby’s to Fund Detroit Arts Space

Philanthropist Jennifer Gilbert is consigning a selection of blue-chip postwar artworks to Sotheby’s this spring to fund Lumana, a new arts nonprofit in Detroit. The auction highlights include Joan Mitchell’s 'Loom II', estimated at $5 million to $7 million, and a significant target-style painting by Kenneth Noland that could set a new auction record for the artist. The collection also features works by George Rickey and Harry Bertoia, emphasizing a cohesive blend of midcentury abstraction and design.

Two Renoir exhibitions at Musée d’Orsay explore the joy of human connection

Two Renoir exhibitions at Musée d’Orsay explore the joy of human connection

The Musée d’Orsay in Paris is opening two concurrent exhibitions dedicated to Pierre-Auguste Renoir, titled 'Renoir and Love: A Joyful Modernity (1865-85)' and 'Renoir Drawings'. The shows focus on the first two decades of his career, featuring major works like 'Luncheon of the Boating Party' and rarely seen pieces from private collections, such as 'Confidence'. The exhibitions will later travel to the National Gallery in London and the Museum of Fine Arts in Boston.

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Iris Cantor, the prolific art collector and philanthropist whose patronage transformed major American institutions, has died at the age of 95 in Palm Beach, Florida. Alongside her late husband, B. Gerald Cantor, she amassed one of the world's most significant private collections of Auguste Rodin sculptures, eventually donating hundreds of works to museums including the Metropolitan Museum of Art and the Brooklyn Museum. Her death marks the end of an era for a donor whose name is synonymous with some of the most prominent gallery spaces and wings in the United States.

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When the Eaton Fire swept through Altadena in January 2025, artist Diana Thater lost decades of raw footage, master tapes, installation manuals, and ephemera stored in her garage. Her husband, artist T. Kelly Mason, managed to save a server and several hard drives, but much of her earlier archive—never digitized—was destroyed. In the aftermath, Thater began working with the Canyon Media Art Conservation Center (CMACC), a nonprofit conservation lab opening in 2026 that specializes in time-based media art. Led by conservator Cass Fino-Radin, CMACC is helping Thater locate surviving versions of her works in museums and private collections to rebuild and preserve her archive.

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Sotheby’s Paris raised €18.6 million ($21.5 million) from two live sales of the Manny Davidson collection this week, with a third online sale still ongoing. The collection, spanning nearly 500 lots, included rediscovered Old Masters, 18th-century gold enamel, and an automaton clock by James Cox. Highlights included Michael Sweerts’s *A young man wearing a turban holding an upturned roemer: the fingernail test* (1648–52), which sold for €1.6 million, and Joshua Reynolds’s *Self-Portrait, in doctoral robes* (ca. 1770), which fetched €838,200. The evening sale achieved 83% sell-through by lot, with most buyers from Europe and a third from the US.