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.

Gagosian to Open New Upper East Side Gallery with a Duchamp Show, a Rarity in a Commercial Setting

Gagosian is set to inaugurate a new ground-floor gallery space at 980 Madison Avenue on Manhattan’s Upper East Side with a major exhibition of Marcel Duchamp opening April 25. The show features rare replicas of the artist’s most famous readymades, including the 1964 versions of 'Fountain' and 'Bicycle Wheel,' the latter of which is noted as the only version not currently held by a museum. The exhibition returns Duchamp to the same building where he showed with Cordier & Ekstrom Gallery in 1965 and coincides with a major retrospective at the Museum of Modern Art.

The Marcel Duchamps That Got Away: On Collecting His Work and the Sprawling MoMA Show

The article recounts the author's personal experience as a collector who passed up the opportunity to buy a complete set of Marcel Duchamp's readymades at a 2002 Phillips de Pury and Luxembourg auction. The set, editioned by dealer Arturo Schwartz in 1964, included iconic works like *Fountain* and *Bicycle Wheel*, but the sale was a financial failure, with many pieces bought-in or selling for far below expectations. The author later acquired some of the unsold works privately. The piece is framed around the concurrent Duchamp exhibitions at the Museum of Modern Art and Gagosian.

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Artnet News reports on the rising market for African American painter Bob Thompson, who died at 28 in 1966 but produced thousands of works in a five-year span. His vibrant, narrative paintings—inspired by Old Masters, Greek mythology, and Modernism—have long influenced artists and curators, yet only recently commanded high auction prices. In 2024, all 16 lots offered sold, totaling $4 million, with a record $1.26 million for *Music Lesson* (1962) at Christie’s. The article traces his career from Louisville to Europe, his estate history with dealer Michael Rosenfeld, and current interest from collectors and institutions like the Whitney Museum and Smithsonian American Art Museum.

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The article examines the posthumous market resurgence of painter Robert Colescott, who died in 2009. After his commercial profile faded, Los Angeles dealer Tim Blum and his gallery Blum & Poe began working with the artist's estate in 2017, staging five solo shows and rescuing a disorganized estate with works stored in shipping containers in Arizona. Major auction prices followed, including a record $15.3 million for 'George Washington Carver Crossing The Delaware' in 2021. In 2024, after Blum & Poe closed, Gladstone Gallery took over representation. A current exhibition at the Tacoma Art Museum, 'The One-Two Punch: 100 Years of Robert Colescott,' runs through March 29.

With her monumental frescoes and trompe-l'œil, Lucy McKenzie offers a "critical archaeology" of modernity

Avec ses fresques monumentales et ses trompe-l’œil, Lucy McKenzie offre une “archéologie critique” de la modernité

Scottish artist Lucy McKenzie has opened a major solo exhibition titled "Plastic Newspaper" at the Crac Occitanie in Sète, France. This is her first large-scale personal exhibition in the country. The show features monumental frescoes, trompe-l'œil, and immersive installations, including a full-scale fake sports shop facade created with her fashion label Atelier E.B. It represents the third stage of a cycle exploring the origins of mass media, examining 19th-century entertainment devices like panoramas and dioramas.

Brandywine Conservancy and Museum picks architects for $100m expansion project

The Brandywine Conservancy & Museum of Art in Chadds Ford, Pennsylvania, has selected Kengo Kuma & Associates, along with landscape architects Field Operations and Schwartz Silver Architects, to lead a $100 million expansion project. The plan includes a new 40,000-square-foot museum building, renovation of the existing 19th-century grist mill museum, and a ten-mile loop of walking trails connecting the two buildings to the historic studios of artists N.C. Wyeth and Andrew Wyeth. Construction is expected to begin in spring 2025, with completion in autumn 2029. Nearly half the funding has been raised, including contributions from the Wyeth Foundation for American Art and Wyeth family members.

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Pharrell Williams has launched a new buy-it-now extension called Joopiter Marketplace, an offshoot of his existing auction platform Joopiter. The marketplace offers collectibles from Williams's personal archive—including Vivienne Westwood hats, KAWS sneakers, Gucci and Levi's jackets, and items from his fashion labels ICECREAM and Billionaire Boys Club—alongside pieces from other cultural figures. Additional sellers include artist Tom Sachs, gallerist Easy Otabor, jewelry designer Lorraine Schwartz, and music executive Steven Victor, with proceeds from some sales benefiting nonprofits like the Anderson Ranch Arts Center, Rebuild Foundation, and the Virgil Abloh Foundation.

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Sotheby's will auction 12 works from the personal collection of the late art dealer Barbara Gladstone this May, with a combined estimate exceeding $12 million. Highlights include Richard Prince's *Man Crazy Nurse* (2002–03) estimated at $4–6 million and a black *Flowers* painting by Andy Warhol estimated at $1–1.5 million. The stand-alone sale precedes the May 15 evening contemporary auction and marks the first public offering from Gladstone's estate.

art expo chicago gallery show guide

Cultured magazine has published a gallery show guide for Expo Chicago, highlighting seven must-see exhibitions across the city during the fair. The guide features Oren Pinhassi's towering sculptures at The Arts Club of Chicago, Gaylen Gerber's object-identity works at Hans Goodrich's new space, Liliana Porter's found-object pieces at Secrist Beach, Nate Millstein's industrial ceramic sculptures at Weatherproof, and Leah Ke Yi Zheng's 64-painting series inspired by the I Ching at the Renaissance Society. The article also notes the concurrent group show "Unreal" at Secrist Beach and the artist-run nature of Weatherproof, led by Young Dealers Milo Christie and Sam Dybeck.

art international artists to watch 2026 biennials

Cultured magazine has published a preview of artists to watch in 2026, focusing on the upcoming biennial season. The article features insights from a dozen industry insiders, including Diya Vij of Powerhouse Arts, who highlights Guadalupe Maravilla's healing-focused practice; Allan Schwartzman, who champions Yoko Ono's underrecognized legacy; Hans Ulrich Obrist, who anticipates Koo Jeong A's multisensory exhibitions; and Victoria M. Rogers, who spotlights Akinsanya Kambon's politically charged ceramics. Major events in 2026 include the 61st Venice Biennale (opening after the death of commissioner Koyo Kouoh), new Art Basel and Frieze fairs in Qatar and Abu Dhabi, and expansions at LACMA and the New Museum.

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Berry Campbell gallery in New York is presenting "Across the Bering Strait," a comprehensive exhibition of the late sculptor Mary Ann Unger, featuring the full 34-part installation of the same name for the first time in the city. The show, on view through May 17, 2025, revives Unger's meditation on human migration and includes an interview with her daughter, artist Eve Biddle, who discusses growing up in a family of artists and her mother's legacy.

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Sotheby's has been selected by the trustees of Barbara Gladstone's estate to auction twelve major works from the legendary gallerist's personal collection. The single-owner sale, estimated at over $12 million, will take place on May 15 as part of the New York marquee sales. Highlights include Richard Prince's "Man Crazy Nurse" (2003, est. $4–6 million), Andy Warhol's black "Flowers" (1964, est. $1–1.5 million), and works by Mike Kelley, Rudolf Stingel, Carroll Dunham, Elizabeth Peyton, and Alighiero e Boetti. None of the artists are currently affiliated with Gladstone Gallery, though some were previously represented by her.

What’s on for spring? Spiritualism and symbolic systems

This article surveys several spring exhibitions in Chicago that explore themes of spiritualism, symbolic systems, and interconnected consciousness. Featured shows include Mindy Rose Schwartz's "Countersealed" at M. LeBlanc, which uses deconstructed fur coats, wands, and twisted fiber sculptures to evoke rituals addressing ecological disaster and historical subjugation. Daniel G. Baird's "Margin" at Patron examines thresholds between material and spiritual realms through a gilded canoe, wax arm cast, and birchwood oar. Leah Ke Yi Zheng's "Change, I Ching (64 Paintings)" at the Renaissance Society presents 64 hexagram paintings on silk, connecting abstract minimalism with Eastern silk painting traditions.

Austin’s Blanton Museum uses coding, data, and AI to explore what it means to create art

The Blanton Museum of Art at the University of Texas at Austin has opened a new exhibition titled 'Coded: Art Enters the Computer Age, 1952–1982.' The show features over 100 works by 75 artists who used computers, algorithms, and data as creative tools, exploring the intersection of art and technology during a pivotal three-decade period.

The Best New York City Exhibitions of 2025

Hyperallergic's staff and contributors present their picks for the best New York City exhibitions of 2025, highlighting a year marked by major museum reopenings, including the Studio Museum in Harlem after a seven-year hiatus and the Frick's expansion. Notable shows include Amy Sherald's 'American Sublime' at the Whitney Museum, Rashid Johnson at the Guggenheim, Wifredo Lam at MoMA, and surveys of Indigenous design at the Ford Foundation Gallery, Seydou Keïta at the Brooklyn Museum, and hometown heroes like Jack Whitten at MoMA and Coco Fusco at El Museo del Barrio. The list also features Saya Woolfalk at the Museum of Arts and Design, Nayland Blake at Matthew Marks Gallery, and Ben Shahn at the Jewish Museum.

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New York-based artist Saya Woolfalk is the subject of her first retrospective, "Saya Woolfalk: Empathic Universe," at the Museum of Arts and Design (MAD) in New York. The exhibition, curated by Alexandra Schwarz, runs from April 12 to September 7, 2025, and surveys two decades of Woolfalk's multidisciplinary practice, which blends science fiction, fantasy, and critical examinations of race, science, anthropology, and identity. The show is organized into chapters highlighting major projects, including her fictional "Empathics"—a race of women who can fuse with plants—and features sculptures, video, painting, works on paper, a commissioned audio drama, and live dance performances.

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Adam Lindemann draws a parallel between the oversupply of wine and the current state of the art market, noting that too many galleries and artists are producing work while demand from collectors is slowing. He cites the glut of art fairs, particularly the 840 galleries exhibiting during Miami Basel week in December 2025, and quotes advisor Allan Schwartzman describing the market as "tired." Lindemann observes that even mega-trophies like Leonardo's *Salvator Mundi* are rare exceptions, and that museums are becoming more selective in accepting donations.

Scholar Attributes Long-Suspected ‘Workshop Copy’ Painting to Rembrandt

A painting in a private UK collection, long considered a workshop copy of Rembrandt's 'Old Man with a Gold Chain' at the Art Institute of Chicago, has been newly attributed to Rembrandt himself by scholar Gary Schwartz. Schwartz argues the quality and lack of corrections suggest Rembrandt, not a pupil, created the canvas replica while the original process was still fresh.

Empathy is in short supply today – artist Saya Woolfalk intends to change that

Saya Woolfalk's largest survey exhibition, 'Empathic Universe,' has opened at New York's Museum of Arts and Design. The show introduces visitors to the Empathics, a fictional plant-human hybrid species that embodies profound understanding and interconnection. Organized by curator Alexandra Schwartz, the exhibition spans two decades of Woolfalk's career and includes video, sculpture, installation, works on paper, and artist-fashioned clothing. It explores themes of empathy, hybridity, and utopia, drawing on Afrofuturist thinkers and science fiction, while addressing issues of racism and sexism in a polarized world.

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South African artist Gabrielle Goliath is taking legal action after her artwork was removed from the country's Venice Biennale pavilion. Goliath and curator Ingrid Masondo will file an application with South Africa's High Court in Pretoria, arguing that the decision by Sport, Arts, and Culture Minister Gayton McKenzie is unconstitutional. They have also sent a letter to President Cyril Ramaphosa, demanding that the Department of Sport, Arts and Culture (DSAC) honor the selection committee's original choice and allow the exhibition to proceed. Meanwhile, the DSAC has reportedly restarted the Biennale planning process with the collective Beyond the Frames.

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Kurimanzutto has appointed Corinna Durland as the new senior director of its New York gallery. Durland, who brings over two decades of experience from roles at Schwartzman&, Art Agency, Partners, and Gavin Brown’s enterprise, will lead the Chelsea-based space in collaboration with the gallery’s founders. Her mandate focuses on strengthening the gallery's U.S. program and deepening its international reach through artist management, institutional engagement, and strategic acquisitions.

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On Wednesday, artists Kenturah Davis and Dominique Fung joined LYRA Art Foundation founder Tanya Eves and CULTURED Editor-in-Chief Sarah Harrelson for a breakfast panel in New York. The conversation explored how patrons and institutions can help artists overcome limitations in resources, space, and funding to realize ambitious projects. Davis, a multidisciplinary artist working with text, graphite, and oil paints, and Fung, a painter and sculptor whose installation on death rituals and excavation opens at the Institute of Contemporary Art San Francisco with LYRA support, shared their experiences alongside art world leaders including Aspen Art Museum CEO Nicola Lees, art advisor Allan Schwartzman, Whitney Museum Chief Curator Kim Conaty, and Met curator Jane Panetta.

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kengo kuma's first US museum emerges within vast art and nature campus in pennsylvania

Kengo Kuma & Associates has unveiled the design for its first museum in the United States, a wood-clad pavilion complex at the Brandywine Conservancy & Museum of Art in Pennsylvania. The 3,716-square-meter structure, part of a major expansion, will transform the 6-hectare campus into a 131.52-hectare public preserve and garden designed with Field Operations. Construction is planned to begin in spring 2027, with an opening in fall 2029, adding 80% more exhibition space and integrating art, ecology, and conservation.

Cleveland Museum of Art unveils exhibition schedule for 2026

The Cleveland Museum of Art has announced its full 2026 exhibition schedule, featuring four major shows: 'Manet & Morisot,' the first major exhibition dedicated to the artistic exchange between Édouard Manet and Berthe Morisot; 'Nexus,' showcasing works by American sculptor Martin Puryear; 'Spectacular Freedom,' exploring Andrew Wyeth's watercolors with over 100 works from his estate, most never before exhibited; and a Goryeo dynasty exhibition in partnership with the National Museum of Korea, centered on the reunification of ten 14th-century hanging scrolls depicting the 10 Kings of Hell. Additional exhibitions include 'still/emerging: Native American Works on Paper,' 'Epic of the Northwest Himalayas' featuring Pahari Ramayana paintings, and a photography show contextualizing Manet and Morisot's era.

Former MoMA chief voices concern for future of non-profit US museums

Glenn Lowry, the influential former director of the Museum of Modern Art (MoMA) in New York, expressed deep concern that non-profit U.S. museums could lose their tax-exempt 501(c)(3) status under the Trump administration. Speaking on the podcast "The Art World: What If…?!" hosted by Charlotte Burns, Lowry warned that the federal government is prepared to exert significant power to achieve its ambitions, potentially revoking the tax exemption that he calls the "magic wand" behind America's robust cultural programming. His comments follow a House bill passed in November that would allow the Treasury Secretary broad powers to revoke non-profit status, though the bill has stalled in the Senate.

New Ringling Museum exhibit asks if you believe in magic

The Ringling Museum in Sarasota has opened a new exhibition titled "Conjuring the Spirit World: Art, Magic, and Mediums," which explores the art and artifacts of the Spiritualist movement. The show is structured in two acts, first providing historical context and then displaying images, posters, and objects that spiritualists used to promote their work and communicate with the spirit world.

Chicago: Model City by Mark Acciari

Native Chicagoan architect and artist Mark Acciari reflects on the architectural identity of Chicago from the distance of Mexico City. Using the iconic imagery of a Chicago-style hot dog as a metaphor for the city's construction, he explores how the city's legacy is often reduced to the 'skeleton frame' of early modernism by critics, while ignoring its more playful, symbolic, and postmodernist undercurrents.

Leaner, nimbler and more discreet: why some art advisory firms are growing in a downturn

A growing number of "super advisory" firms are being founded by former top-level auction house executives, offering leaner, more discreet art advisory services without the high overheads of major auction houses and galleries. Notable examples include Art Intelligence Global (AIG), launched by Amy Cappellazzo and Yuki Terase after leaving Sotheby's, and Patti Wong & Associates, founded by former Sotheby's Asia chair Patti Wong. These firms leverage decades of experience and personal client relationships to compete in a cautious market where major auction houses have cut staff and digitized operations.