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.

ifpda print fair 2026 sales attendance drawings expansion 1234781135

The 2026 IFPDA Print Fair concluded at the Park Avenue Armory with record-breaking attendance of over 21,000 visitors and robust sales across various price points. This edition marked a significant pivot for the fair following its formal expansion to include drawings dealers, rebranding as the International Fine Prints and Drawings Association. Notable sales included a sold-out edition of Cecily Brown etchings at Two Palms and six-figure works by David Hockney and Rashid Johnson at Galerie Maximillian.

7 New Art Books to Step Into Spring

Artnet News has curated a selection of seven significant new art book releases for the spring season, highlighting diverse subjects from historical archives to contemporary memoirs. Featured titles include a deep dive into Frida Kahlo’s private sanctuary, 'Casa Roja,' authored by her descendants; a curatorial history of Hong Kong’s avant-garde art scene by Oscar Ho Hing-kay; and a vibrant exploration of color in contemporary art featuring works by Yayoi Kusama and Tomás Saraceno.

Georg Baselitz obituary

Georg Baselitz, the German painter and sculptor known for his provocative, expressionistic works and his iconic upside-down paintings, has died at the age of 88. The article traces his life from his childhood in war-torn Germany, through his early career as a rebellious artist in divided Berlin, to his rise as an international art star. It highlights his 1961 manifesto poster "Pandemonium I," his rejection of American abstraction, and his controversial 1963 exhibition that was raided by police for its explicit content.

‘I am very decisive’: designer Jennifer Gilbert on what she collects and why

Designer, entrepreneur, and philanthropist Jennifer Gilbert, based in Detroit, is selling select works from her contemporary art and design collections at Sotheby's in New York this spring to fund the opening of her own cultural space, Lumana, in Detroit's Little Village neighborhood. Highlights include Joan Mitchell's 1976 canvas *Loom II* (est. $5m-$7m) and Kenneth Noland's 1958 *Circle* (est. $4m-$6m), with proceeds supporting new generations of artists and institutions. Gilbert, who serves on the boards of Cranbrook Academy of Art and BasBlue, recently featured works from her collection in the exhibition *Seen/Scene* at the Shepherd art space.

Melding Chinese lacquer with European abstraction

A collateral exhibition titled "Alchemical Universe" at the Palazzo Soranzo Van Axel in Venice features 35 lacquer paintings by Chinese-German artist Su Xiaobai. Curated by Stephen Little of the Los Angeles County Museum of Art (Lacma) and designed by architect Kulapat Yantrasast, the show spans Su's early experiments to recent works created for Venice, including suspended temple tiles and floor pieces on mirrored Murano glass. Su, who was advised by Gerhard Richter in 2003 to focus on lacquer, now works exclusively in the medium, layering and scoring tree sap to create contemplative abstract works.

Ceramics Are Everywhere, in Museums, Galleries, and Fairs—Has the Market Caught Up?

Ceramics are experiencing a surge in visibility across museums, galleries, and art fairs in major US cities. The article catalogs numerous recent and upcoming exhibitions, including Kathy Butterly's sold-out show at James Cohan with pieces at $45,000 each, Nicole Cherubini's nearly sold-out show at Friedman Benda with prices up to $65,000, and Ruby Neri's work at Salon 94 peaking at $75,000. Other highlights include Ron Nagle at Matthew Marks, Theaster Gates' Gagosian show celebrating David Drake, NADA Ceramics in Tribeca, and ceramic presentations at Frieze Los Angeles, Post-Fair, Expo Chicago, and David Zwirner. Institutional shows include Toshiko Takaezu at Princeton University Art Museum and a ceramic collection at RISD Museum.

Remembering Pat Steir, one of the 20th century’s late-blooming great artists

Pat Steir, the acclaimed American painter known for her Waterfall series, died in Manhattan on 25 March at age 87. The article traces her career from early struggles as a freelance illustrator and art director, through her transformative encounter with Sol LeWitt in the early 1970s, to her eventual emergence as a major figure in contemporary painting. It highlights her teaching at CalArts and Parsons, her involvement with feminist and artist-run institutions like Heresies and Printed Matter, and the pivotal moment in the early 1980s when she cut up a reproduction of a Jan Brueghel the Elder flower painting into 64 panels, repainting each in a different historical style.

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.

The village where Van Gogh spent his final days celebrates its most distinguished visitor

An exhibition titled "Van Gogh, Influencer: Legacies in Motion" has opened at the Château of Auvers-sur-Oise, the village near Paris where Vincent van Gogh spent his final 70 days and died by suicide in July 1890. The show, running until 3 January 2027, features nearly a hundred works by artists influenced by Van Gogh, including Léonide Bourges, Charles-François Daubigny, and Léo Gausson, though no original Van Gogh paintings are included. Curated by Wouter van der Veen, the exhibition explores visual parallels and stylistic contrasts between Van Gogh’s iconic works—such as *Church at Auvers* and *Wheatfield with Crows*—and those of his contemporaries and followers.

Slags, bings and pipelines: Edinburgh landscape offers fitting backdrop for exhibition on fossil fuel extraction

Jupiter Artland, a sculpture park and gallery near Edinburgh, Scotland, is hosting the exhibition "Extraction" (through July 26), which examines the impact of fossil fuel extraction on landscapes and culture. Set against a backdrop of historic shale oil bings, North Sea oil pipelines, and modern wind farms, the show features five artists who explore energy histories through nuanced, non-polemical lenses. Glasgow-born painter Siobhan McLaughlin uses earth pigments gathered from the nearby Five Sisters Bing to create works like "Date of Exhaustion" (2025) and "Pioneer Species" (2025), turning mining waste into art that reflects on memory, ecology, and regeneration.

Hampshire College, Whose Alumni List Includes Many Well-Known Artists, to Close After 51 Years

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.

Why Contemporary Artists Are Raiding the Renaissance Toolkit

Three contemporary artists—Alison Elizabeth Taylor, Michael Bühler-Rose, and Nick Doyle—are reviving the Renaissance woodworking techniques of intarsia and marquetry in their current exhibitions. Taylor is showing marquetry hybrid paintings at Jessica Silverman Gallery in San Francisco, Bühler-Rose is presenting a solo booth with Stems Gallery at Independent, and Doyle is also participating in the trend. Their work draws inspiration from the Gubbio Studiolo at the Metropolitan Museum of Art, a 15th-century trompe-l'œil room that exemplifies the decorative inlay tradition.

The Artists Who Ruled the Biennial Circuit Over the Last Four Years

Artnet News critic Ben Davis analyzed 130 recurring global art events—including biennials and triennials—that opened between the 2022 and 2026 Venice Biennales, tallying over 15,000 participating artists. He identified the most frequently featured artists, with Nolan Oswald Dennis topping the list at 14 biennial appearances. Dennis, a South Africa-based artist born in Lusaka, is known for works like "Black Liberation Zodiac" (2017-ongoing) and was included in the 2026 Venice Biennale curated by the late Koyo Kouoh.

Backflips, boulders and dancing dogs: the images that shaped art photography – in pictures

A new exhibition at the Princeton University Art Museum, titled "Photography as a Way of Life," celebrates the photographers who helped establish art photography as a serious movement from the 1940s to the 1970s. The show features works by Minor White, Aaron Siskind, Harry Callahan, and others, including images by Ming Smith, Donna-Lee Phillips, and Walter Chappell. The exhibition runs until September 7 and highlights how these educators and artists transformed photography's role in both the art world and higher education.

‘Of course I accepted!’ Angel Otero on Bad Bunny – and bringing some Puerto Rican flair to Somerset

Angel Otero, a Puerto Rican artist based in Somerset, discusses his emotional collaboration with musician Bad Bunny on the stage set "La Casita" for his 31-show residency in Puerto Rico. Otero's new solo exhibition at Hauser & Wirth Somerset features large-scale, semi-abstract paintings that draw from his childhood memories in Santurce, San Juan, including motifs like a pink vanity cabinet, birdcages, and a turbulent sea. His signature technique involves applying paint skins—dried sheets of oil paint on Perspex—to canvas, creating layered, sculptural surfaces. The show includes a diptych based on a photograph of Otero and his grandmother, marking his most figurative work to date.

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.

From Lee Cronin’s The Mummy to Zayn: your complete entertainment guide to the week ahead

From Lee Cronin’s The Mummy to Zayn: your complete entertainment guide to the week ahead

British artist Michaela Yearwood-Dan is launching her first UK institutional solo exhibition at The Whitworth in Manchester. The immersive installation blends painting, ceramics, sound, and poetry to explore complex themes of colonial history, religious institutions, and the journey toward personal and collective liberation.

For Italy’s Art Pioneer, a New Bronze Age

Giuseppe Penone, a leading figure of the Arte Povera movement, is preparing a major exhibition at Gagosian gallery in New York. The show will feature new bronze sculptures that continue his lifelong exploration of nature, form, and the human body, created in collaboration with curator Adam Weinberg, the former director of the Whitney Museum of American Art.

Gallerist Bruno Bischofberger, Who Catalyzed Basquiat/Warhol Collaboration, Dies at 86

Swiss art dealer Bruno Bischofberger, who catalyzed the famous collaboration between Andy Warhol and Jean-Michel Basquiat, died on May 9 at age 86. His death was announced by his namesake gallery, which he had operated since 1963. Bischofberger played a pivotal role in introducing US Pop artists to Europe, representing Warhol and Basquiat, and commissioning collaborative works that led Warhol to return to painting after a two-decade hiatus. He also represented European artists like Francesco Clemente, Enzo Cucchi, Gerhard Richter, and Jean Tinguely, and his idiosyncratic ads graced Artforum's back cover for nearly four decades.

Bringing back the salon: UK organisation aims to revive Brighton's contemporary art scene

The Adelaide Salon, a new arts organization founded in 2024 by Pascal Dowers and Paulina Anzorge, is staging a ticketed contemporary art event at Brighton's Royal Pavilion on 30 May, featuring live art and performance. This follows the organization's earlier exhibitions at their home in Adelaide Crescent and a current takeover of the Founders Room at Brighton Dome with the exhibition Act O (until 25 May), part of the Brighton Festival. The salon aims to revive Brighton's art scene after notable losses, including the 2023 closure of Brighton University's Centre for Contemporary Art (CCA) and the withdrawal of Arts Council funding at Fabrica gallery.

Georg Baselitz, German artist who turned figurative painting on its head, has died, aged 88

Georg Baselitz, the influential German painter and sculptor, died on 30 April at age 88. Born Hans-Georg Kern in 1938 in Deutschbaselitz, he grew up amid the ruins of Nazi Germany and later adopted his surname from his birthplace. Expelled from the East Berlin Academy for "sociopolitical immaturity," he moved to West Berlin, where he rejected both gestural abstraction and Expressionism. His first solo exhibition in 1963 was shut down for obscenity. In 1969 he pioneered his signature inverted paintings, turning subjects upside down to sever image from representation. He also created large carved sculptures using axes and chainsaws. His later series, from 2014 onward, are considered his most astonishing work, culminating in a sustained focus on his wife, artist Elke Kretzschmar.

Anna Zemánková Estate Joins Gladstone Gallery, Sándra Vasquez de la Horra Joins Tanya Bonakdar Gallery, and More: Industry Moves for April 29, 2026

The article reports a series of industry moves in the art world as of April 29, 2026. Key developments include Gladstone Gallery taking on the estate of Anna Zemánková, Sándra Vasquez de la Horra joining Tanya Bonakdar Gallery, Elijah Wheat Showroom opening a new location in Beacon, New York, and Mariane Ibrahim now representing Leasho Johnson. Additionally, Denniston Hill launches its 2026 residency season with 30 artists, the Minneapolis Institute of Art receives restoration funding from TEFAF, Charlie White is appointed dean of the Sam Fox School, and Jesús Hilario-Reyes and Tichacoco are named inaugural recipients of the Clemente Center’s Van Lier Fellowship. The article also notes a whistleblower claim of $3 million missing from the Palm Springs Art Museum’s investment account, and a New York Times essay by Robin Givhan on Derrick Adams.

LA’s The Box Gallery to Close After 19 Years

The Box, a prominent Los Angeles gallery, announced it will close after 19 years, with its final exhibition—a two-venue collaboration with Parker Gallery for late California artist Wally Hedrick—ending April 4. The closure will be marked by a fashion show for Johanna Went on June 6. Founder Mara McCarthy cited a combination of factors, including changing economics around support for her father Paul McCarthy's work and the loss of her family's homes in the January 2025 Eaton fire, as making continued operation impossible.

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.

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.

Asian Artists Set the Stage at Independent Art Fair 2026

At the 17th edition of the Independent art fair in New York, six galleries are presenting solo booths dedicated to Asian artists, including a U.S. debut by Taiwanese artist Tseng Chien-Ying and works by Japanese painter Rika Minamitani and Chinese conceptual artist Pu Yingwei. Founder Elizabeth Dee highlights the trend as reflecting broader geopolitical shifts and artists' desire to engage with complex cultural debates in New York.

Inside Sunpride Foundation’s Mission to Champion LGBTQ+ Art Across Asia

Patrick Sun founded the Sunpride Foundation in 2014 to support LGBTQ+ communities through art, combining his passion for contemporary queer Asian art with philanthropy. The foundation's flagship "Spectrosynthesis" exhibition series has been staged at major institutions across Asia, including the Museum of Contemporary Art, Taipei, and the Bangkok Art and Culture Centre. The latest iteration, "Spectrosynthesis Seoul," opened at Seoul's Art Sonje Center and runs through June 28, 2026. Sun, a Hong Kong-born real estate developer and longtime art collector, built the foundation's collection with a focus on works suitable for museum exhibitions about queer identity.

Overlooked Artist Louisa Chase Returns to the Spotlight

Artnet News reports on a solo exhibition at Berry Campbell, New York, dedicated to overlooked American painter Louisa Chase (1951–2016). Titled "Louisa Chase: The Eighties," the show is the largest and most comprehensive survey of her work in 25 years and the first since the gallery began representing her estate. It features a curated selection of works on paper from the mid-1970s to mid-1980s, highlighting Chase's unique synthesis of abstraction and representation that positioned her between Neo-Expressionism and the New Image movement. Chase, who studied under Philip Guston at Yale, had major early success including solo shows at Robert Miller Gallery, appearances at the Whitney Biennial (1981, 1983), and inclusion in the American Pavilion at the Venice Biennale (1984), with works held by MoMA, the Met, the National Gallery of Art, and the Walker Art Center.