A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

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.

Zoe Leonard Departs Hauser & Wirth for New York’s Maxwell Graham Gallery

Zoe Leonard, a celebrated conceptual artist whose work will appear at the Venice Biennale next week, has left Hauser & Wirth—a global gallery with 14 locations—to join Maxwell Graham, a smaller New York-based gallery known for spare conceptual presentations. Leonard will continue to be represented by her longtime galleries, Cologne’s Galeria Gisela Capitain and Milan’s Raffaella Cortese. Maxwell Graham staged its first Leonard exhibition last year with “Display,” featuring photographs of historical objects in museums. Leonard is the second artist to depart Hauser & Wirth in the past year, following George Condo’s exit in November.

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.

Rare early photographs reveal lost sites featured in Van Gogh’s paintings

Two rare photographic albums taken by art critic Gustave Coquiot in 1922 have been acquired by the newly established Van Gogh Academy in Auvers-sur-Oise, France, and are now on display. The images capture many of the sites in Arles that Vincent van Gogh painted in the late 1880s, including the Yellow House, the Langlois Bridge, and the Rhône riverbank. Several of these locations were later destroyed during World War II or by modernization, making Coquiot's photographs valuable historical records of Van Gogh's original subjects.

King Charles Visits Christie’s in New York, After White House Dinner

King Charles III and Queen Camilla made a surprise visit to Christie’s headquarters in New York on April 29, 2026, following a White House dinner and address to Congress. They attended a gala for the King’s Trust, a charity supporting young people from disadvantaged backgrounds, rather than bidding on auction lots like a $100 million Jackson Pollock or a $60 million Roy Lichtenstein. The event, co-chaired by Lionel Richie, drew guests including Martha Stewart and Anna Wintour, and featured a dinner in the James Christie Room. Christie’s CEO Bonnie Brennan curtsied to the king, and the royals viewed the new rostrum designed by Jony Ive, set to debut in New York during Christie’s May marquee week.

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.

Montclair Art Museum Hires Esteemed Curator Kate Kraczon After Layoffs at Brown University

The Montclair Art Museum in New Jersey has appointed Kate Kraczon as its new chief curator, effective June 15. Kraczon previously served as director of exhibitions and chief curator at the David Winton Bell Gallery at Brown University, where she was laid off in late 2024 amid a wave of cuts. She succeeds Gail Stavitsky, who held the post since 1994. The museum also recently hired Todd Caissie, an enrolled member of the Osage Nation and former director of Canada’s New Brunswick Internment Camp Museum, as its director.

Here’s How Stars at the 2026 Met Gala Nodded to Art History

The 2026 Met Gala, themed "Fashion Is Art," saw celebrities and fashion figures wearing outfits directly inspired by or referencing iconic artworks and art historical movements. Notable nods included Chloe Malle in a gown referencing Frederic Leighton's *Flaming June*, Lauren Sánchez Bezos in a Schiaparelli dress echoing John Singer Sargent's *Madame X*, and Hunter Schafer channeling Gustav Klimt's portrait *Mäda Primavesi*. Other attendees like Anne Hathaway, Hailey Bieber, and Karan Johar also drew from specific paintings, sculptures, and poems, while stylist Law Roach wore a hand-painted piece by Gabonese artist Naïla Opiangah.

U.S. Crowdfunds Its Venice Biennale Pavilion

The United States is crowdfunding its pavilion at the 61st Venice Biennale, which opens in ten days, due to the absence of major sponsors like the Ford Foundation and the Mellon Foundation. The pavilion, featuring sculptures by Alma Allen, is being organized by the American Arts Conservancy (AAC), which is soliciting donations through a campaign that has been live since at least November. The U.S. government contributes $375,000, but the installation costs significantly exceed that amount. Donors include Nevada-based Republican donors Jim and Aimee Battista, talent manager Tom Ierna, and actor Alex Pita. The AAC has not disclosed the campaign's fundraising goal, amount raised, or end date.

Biennale di Venezia 2026. Le grandi mostre da non perdere in città

The article previews major exhibitions in Venice during the 2026 Biennale, highlighting a rich lineup of shows across the city's museums and foundations. Key highlights include a retrospective for Marina Abramović at the Gallerie dell'Accademia, a Peggy Guggenheim exhibition at her former home, and dual shows at Palazzo Grassi and Punta della Dogana featuring artists like Michael Armitage, Amar Kanwar, Lorna Simpson, and Paulo Nazareth. Other notable venues include Fondazione Prada, Ca' Pesaro, and the Museo Correr, with artists ranging from Joseph Kosuth to Jenny Saville.

Pittsburgh’s burgeoning gallery community readies for its moment in art world spotlight

Pittsburgh's commercial gallery scene is experiencing a resurgence as the Carnegie International, the country's longest-running recurring exhibition, prepares to open its largest edition yet with 61 artists. Since the pandemic, several young gallerists with experience in New York and Los Angeles have opened spaces in the city, including Romance gallery (2023) by former Whitney curator Margaret Kross, and april april gallery (2024) relocated from Brooklyn by Patrick Bova and Lucas Regazzi. Longer-established galleries like Concept, Zynka, and James Gallery have welcomed these newcomers, with local figures such as collector Evan Mirapaul noting that Pittsburgh's robust arts ecosystem—including museums, universities, and nonprofits—has long lacked a strong commercial gallery presence.

10 Art Shows to See in Los Angeles This May

Hyperallergic's May guide for Los Angeles highlights ten art shows, including a posthumous exhibition of Celeste Dupuy-Spencer's paintings at Jeffrey Deitch, Yoko Ono's first solo museum show in Southern California at The Broad, and a survey of Richard Mayhew's abstract landscapes at Karma. Other notable shows include Joe Brainard's matchbook miniatures at Chris Sharp Gallery, Gordon Parks's musical output at the California African American Museum, and a two-venue presentation of Magdalena Suarez Frimkess's ceramics and drawings.

German artist Georg Baselitz dies aged 88

German artist Georg Baselitz has died at age 88, as confirmed by the Thaddaeus Ropac gallery. Known for his expressive paintings and sculptures, Baselitz rose to prominence in the 1960s after a scandal over sexually symbolic works led to a high-profile court case. He pioneered painting canvases upside down from 1969 onward, a technique he used to grapple with German history and collective guilt. His work spanned six decades and included notable sculptures, such as a wooden figure at the 1980 Venice Biennale that appeared to perform a Nazi salute, which he later clarified was inspired by an African artifact. Baselitz achieved international acclaim in the 1980s and became one of Germany's highest-priced living artists, alongside Gerhard Richter.

Ascendant Philanthropists Make $23 Million Donation to Met

The Metropolitan Museum of Art has received a $23 million donation from newly elected trustee Jennifer Rubio and her husband Stewart Butterfield, made through the Rubio Butterfield Foundation. The principal gift will endow the museum's undergraduate and graduate internship program in perpetuity, which will be renamed after the couple starting September 2026. An additional donation supports the Met's new Tang Wing for modern and contemporary art, set to open in 2030.

Art Fair Report: Stress Test

Art Basel Hong Kong 2026 drew 91,500 visitors and featured 240 galleries at the Convention and Exhibition Centre, alongside over 100 galleries at Art Central, three new boutique fairs, four new art spaces, multiple auction previews, and dozens of institutional shows and gallery openings. Despite a challenging 2025 that saw mega-galleries Pace and Perrotin close their Hong Kong spaces and auction results hit an eight-year low, blue-chip galleries reported strong sales, including David Zwirner’s USD 3.8 million sale of Liu Ye’s "Snow White" (2006) and Hauser & Wirth’s USD 2.95 million sale of a Louise Bourgeois work. The prevailing sentiment among collectors and gallerists was cautious optimism, with the phrase "Are you surviving?" overheard frequently.

At Home at Hong Kong Art Week

During Hong Kong Art Week, beyond the dominant Art Basel Hong Kong fair, a series of intimate interventions and installations across the city explore the boundaries between art, design, and everyday life. One notable event is a 'Listening Session' organized by Guangzhou's Vitamin Creative Space in a private home in the New Territories, where Lebanese artist-composer Tarek Atoui debuted two new 'instruments' that transform the living room itself into an interactive sound sculpture. The gathering of about 30 people, mostly in town for art week, blurred the lines between performance, installation, and domestic space.

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

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.

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.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

Behind every great artist... there is a great gallery. A look at the 2026 Venice Biennale

Dietro ogni grande artista… c’è una grande galleria. Un punto sulla Biennale Arte 2026

The 61st Venice Biennale, titled "In Minor Keys" (May 9 – November 22, 2026), features over 90% living artists, a significant shift from recent editions focused on historical rediscoveries. Curated by the late Koyo Kouoh (1967–2025), the first African woman to lead the Biennale, the exhibition includes 111 artists, with a majority of women (64 vs. 48 men) and the highest percentage of African-born artists ever (20%). Notable participants include Nick Cave, Carsten Höller, Alfredo Jaar, and Kader Attia, with a focus on mid-career and established figures rather than emerging or deceased artists.

No Need to Shed a Tear for the Jury

"Man muss der Jury keine Träne nachweinen"

The entire jury of the Venice Biennale resigned shortly before the opening, prompting criticism of Biennale President Pietrangelo Buttafuoco. Italian Culture Minister Alessandro Giuli accused Buttafuoco of pursuing a misguided "pacificist fantasy" by readmitting Russia to the six-month exhibition, calling it failed "side foreign policy." Commentators in German media, including Niklas Maak (FAZ) and Marcus Woeller (Die Welt), see the resignation as a symptom of a crisis in the art world, with the jury having acted as a "political tribunal" by pre-judging artists based on nationality, particularly regarding Israel. The Biennale leadership defended inclusion, but the standoff has caused significant "image damage." Separately, Dirk Knipphals (wochentaz) delivers a scathing review of Wolfram Weimer's first year as cultural policy commissioner, accusing him of empty rhetoric and failing to counter right-wing cultural politics. Juliane von Mittelstaedt (Der Spiegel) reports on Saudi Arabia's use of a spectacular new art museum in Riyadh as a stability narrative amid regional conflict.

Auctioneer Kimberly Pirtle Leaves Sotheby’s to Launch Hybrid Art-Philanthropy Advisory

Kimberly Pirtle, a fast-rising auctioneer at Sotheby’s, has left the company to launch Gabriel Advisory Group, a hybrid art advisory and cultural philanthropy firm. The new practice works across primary and secondary markets, advising collectors on acquisitions while also guiding philanthropic strategy and institutional engagement, drawing on Pirtle’s experience in Sotheby’s collectors group and her work with benefit auctions for organizations including the Pratt Institute, the Bronx Museum of the Arts, the Queens Museum, and the Gordon Parks Foundation. Pirtle is also maintaining a role as a VIP consultant with Frieze.

Buffalo AKG Art Museum Director Janne Sirén to Depart After 13 Years

Janne Sirén, director of the Buffalo AKG Art Museum in Upstate New York, will step down in October after 13 years. His tenure included a major $230 million expansion in 2023 that doubled the museum's square footage and drew a record 340,000 visitors in the following year. However, his departure follows local media reports that he used a museum loan to help finance his $710,000 home, with the Erie County Comptroller’s Office alleging he failed to repay it and that the loan may violate state nonprofit laws. The museum defended the loan as common in executive recruitment and stated it operates in full compliance with the law.

Filippo Lippi painting—once the centrepiece of Florence's Palazzo Medici Chapel—to undergo two-year restoration

The Staatliche Museen zu Berlin has announced a two-year restoration of Filippo Lippi’s 1459 painting *The Adoration in the Forest*, funded by the Ernst von Siemens Kunststiftung and the Schoof’schen Stiftung. The tempera-on-panel work, a centerpiece of the Palazzo Medici chapel in Florence, is now in the Gemäldegalerie’s collection. Conservators discovered that a 19th-century varnish layer is degrading the paint, causing it to lift off the panel, particularly affecting the Virgin’s blue cloak, skin, and gold leaf areas. The treatment aims to remove the varnish while stabilizing the paint layer, and may also reveal Lippi’s use of oil paint alongside egg tempera.

Museum acquisitions round-up: a rediscovered work by Rosso Fiorentino, a circular painting by Salman Toor and 16th-century gold goblet

The Art Newspaper reports on three notable museum acquisitions: a rediscovered Renaissance painting by Rosso Fiorentino acquired by the Metropolitan Museum of Art, a 16th-century silver gilt goblet by Hans Rappolt I acquired by the Siegerland Museum, and a circular painting by Salman Toor donated to the National Gallery of Art. The Rosso Fiorentino work, 'Madonna and Child with Saint John the Evangelist' (1512/13), was thought lost for centuries and was identified after cleaning revealed a hidden figure. The goblet, made around 1581, is a rare example of Nuremberg goldsmithing and was supported by a €75,000 donation from the German Federal Cultural Foundation. The Toor painting, 'Wandering Beggars' (2022), is the first by the artist to enter the NGA's collection, donated by the Bronzini-Vender family.

Blue-Chip Names Anchor Showplace’s Art and Design Auction

New York's Showplace is hosting its Important Fine Art and Design Auction on May 14, 2026, featuring 145 lots that span Old Masters to contemporary works. Key highlights include Yayoi Kusama's *Infinity Nets* (1995, est. $100,000–$200,000), Otis Kwame Kye Quaicoe's *Yellow Fanny Pack* (2021, est. $12,000–$18,000), Alexander Calder's *Paradis* (1976, est. $60,000–$80,000), Henri Martin's *L'Eglise de Labastide-du-Vert* (est. $60,000–$80,000), and Milton Avery's *Untitled (Winter Landscape Scene)* (est. $20,000–$40,000). The auction brings together blue-chip names like Warhol, Kusama, and Calder alongside emerging artists.

Archibald prize 2026 finalists: Virginia Trioli, Jan Fran, Ahmed al-Ahmed and more – in pictures

The Guardian has announced the finalists for the 2026 Archibald Prize, Australia's premier portraiture award, featuring 30 works including Loribelle Spirovski's 'Fingerpainting of Daniel Johns', Vincent Namatjira's self-portrait 'The Dust Bowl', and portraits of notable sitters such as Virginia Trioli, Jan Fran, Ahmed al-Ahmed, Layne Beachley, and Governor-General Sam Mostyn. The list also includes the Packing Room Prize winner, Sean Layh's 'The tragicall historie of Hamlet, Prince of Denmarke', and works by artists like Mitch Cairns, Marikit Santiago, and Michael Zavros, with all finalist images published in a photo gallery.