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A new arts institution called Canyon is set to open on Manhattan's Lower East Side in 2026, occupying a 40,000-square-foot former commercial space at the foot of the Williamsburg Bridge. Founded by philanthropist and art collector Robert Rosenkranz and Joe Thompson, the founding director of MASS MoCA, Canyon will focus on video art, sound art, and performance art. The venue will include 18,000 square feet of exhibition space, a 60-foot-tall performance area, and a 300-seat performance hall. Early programming plans include a retrospective of Japanese artist Ryoji Ikeda and an expanded iteration of the video game-themed group exhibition "Worldbuilding," curated by Hans Ulrich Obrist. The architecture firm New Affiliates is redesigning the space, and Sam Ozer has been appointed curator-at-large. Admission will be $30, with free access for school groups and library cardholders.

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The Art Angle podcast team reviews three major art stories from June. First, Canyon, a new museum-like venue dedicated to immersive video art, has been announced for New York's Lower East Side. Second, the team discusses the outcomes of Art Basel in Switzerland, the art world's most important fair, and ongoing volatility in art pricing. Third, they examine the buzz—and mockery—surrounding Oscar-winning actor Adrien Brody's painting exhibition in New York City. Culture editor Min Chen joins host Ben Davis and senior editor Kate Brown to analyze these developments.

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New York City will gain a major new cultural venue in 2026 called Canyon, a 18,000-square-foot hub on the Lower East Side dedicated to durational, time-based art forms such as video, sound, and performance. Founded by philanthropist and collector Robert Rosenkranz, the space is designed by New Affiliates Architecture and will feature state-of-the-art galleries, a 300-seat performance hall, and a skylit piazza with food and beverage options. Joe Thompson, founding director of MASS MoCA, will serve as the venue's director. Canyon has already appointed conservator Cass Fino-Radin as director of art and technology and curator Sam Ozer as curator-at-large, with partners including Rhizome, Electronic Arts Intermix, and the Archive of Contemporary Music. Its inaugural exhibitions will include a major retrospective of Japanese new media artist Ryoji Ikeda and a show titled "Worldbuilding" curated by Hans Ulrich Obrist.

FAD News: Trevor Paglen to co-curate Zero 10 at Art Basel Basel 2026.

Art Basel 2026 has announced that artist Trevor Paglen will co-curate the latest edition of Zero 10, the fair's global initiative dedicated to digital art, alongside digital art strategist Eli Scheinman. Making its debut at Art Basel's flagship Swiss edition, Zero 10 will take over the Event Hall on Messeplatz from June 17–21, 2026, with a Preview Day on June 16. The expanded presentation will feature 19 exhibitors showcasing artists working at the forefront of digital, generative, and media-based practices, and is themed "The Condition," examining life within algorithmic systems and AI. Highlights include works by Hito Steyerl, Avery Singer, Andreas Gursky, Vera Molnar, Ryoji Ikeda, John Gerrard, and Rafael Lozano-Hemmer, presented by galleries such as Hauser & Wirth, Marian Goodman Gallery, Sprüth Magers, Esther Schipper, Almine Rech, bitforms gallery, Art Blocks, and HEK (Haus der Elektronischen Künste).

New venue for video, sound and other durational art forms coming to Manhattan

A new nonprofit venue for durational art, Canyon, will open on Manhattan's Lower East Side in 2026. Founded by philanthropist Robert Rosenkranz through the Rosenkranz Foundation, the 40,000-square-foot adaptive reuse space is overseen by Joe Thompson, founding director of Mass MoCA. Designed by architecture firm New Affiliates, Canyon will feature 18,000 square feet of galleries for video and audio, a 60-foot-tall central plaza, a 300-seat performance hall, bars, a cafe, and a restaurant. Cass Fino-Radin joins as director of art and technology, with Sam Ozer as curator-at-large. Planned programming includes a retrospective of Ryoji Ikeda and a group exhibition curated by Hans Ulrich Obrist titled "Worldbuilding."

Weekly News Roundup: May 5, 2026

The article reports three major developments in the global art world. Saudi Arabia's Diriyah Company has awarded a $490 million contract for a new flagship space of the Saudi Arabia Museum of Contemporary Art (SAMoCA) in Diriyah, designed by Godwin Austen Johnson. The Sharjah Art Foundation has announced details for Sharjah Biennial 17 (SB17), titled "What remains, sits restive," curated by Angela Harutyunyan and Paula Nascimento, featuring 109 artists and set to open in 2027. Additionally, DATALAND, a new AI art museum founded by Refik Anadol and Efsun Erkılıç, will open on June 20 in Los Angeles, showcasing digital and immersive artworks.

Riyadh Art Extends Its Citywide Permanent Collection

Riyadh Art, a public art initiative led by the Royal Commission for Riyadh City, is expanding its Permanent Collection with 115 new installations planned through 2026 and beyond, adding to the 75 works already installed across the Saudi capital. The collection includes works by international artists such as Alexander Calder, Anish Kapoor, Jeff Koons, Giuseppe Penone, and Ugo Rondinone, alongside Saudi practitioners like Zaman Jassim and Mohammed Al Saleem, with recent additions including Calder's 'Janey Waney' and Nobuo Sekine's 'Phase of Nothingness'.

How Does the Economy Impact the Art Market?

Olivia Gavoyannis's article examines how broader economic factors—such as interest rates, trade policies, inflation, and currency fluctuations—affect the art market. It notes that recent economic volatility, including COVID-19 recessions and tariffs, has led to high-profile auction flops and slower demand for top-tier works, but argues that such coverage only tells part of the story. The piece explores the unique economics of art, where artworks are non-fungible and pricing is driven by perception, scarcity, and insider networks rather than utility, and highlights the lack of transparent pricing data.

Paradigm Shift and Ryoji Ikeda exhibitions at 180 Studios extended due to popular demand

180 Studios in London has extended two exhibitions—'Paradigm Shift' and Ryoji Ikeda's 'data-cosm [n°1]'—through February 1, 2026, due to popular demand. 'Paradigm Shift' presents moving-image works from the 1970s to the present by artists including Andy Warhol, Pipilotti Rist, Nan Goldin, and Arthur Jafa, exploring the evolution of screen culture across avant-garde cinema, TV, music video, and internet culture. Ikeda's 'data-cosm [n°1]' is a world-premiere, site-specific audio-visual installation commissioned by 180 Studios, charting data from particle physics to astrophysics.