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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.

Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

Artist Trevor Paglen Will Curate the Swiss Edition of Art Basel’s Digital Art Sector

Artist Trevor Paglen will curate the third edition of "Zero 10," Art Basel's digital art sector, at the fair's Swiss edition from June 17–21. Major galleries including Marian Goodman, Hauser and Wirth, and Almine Rech will present works by artists such as John Gerrard, Agnieszka Kurant, Avery Singer, and Hito Steyerl. Paglen co-curates with digital art strategist Eli Scheinman, and the presentation, titled "The Condition," surveys seven decades of instruction-based and computational art, featuring pioneers like Vera Molnár, Mary Ellen Bute, Ted Nemeth, and Ben F. Laposky alongside contemporary stars.

The 16 Most Expensive Artworks Ever Sold at Auction

ARTnews published an updated list of the 16 most expensive artworks ever sold at auction, highlighting recent record-breaking sales such as Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16), which fetched over $236.4 million at Sotheby's, and Jackson Pollock's *Number 7A, 1948*, which sold for well above its $100 million estimate at Christie's in May 2026 from the S. I. Newhouse collection. The article traces the history of top auction prices, including Vincent van Gogh's *Orchard with Cypresses* (1888), which sold for $117 million during the Paul Allen sale at Christie's in November 2022, part of a record $1.5 billion single-evening auction.

A tale of two Annas: Van Gogh’s favourite Whistler painting stars in Tate Britain show

Tate Britain will open a major exhibition titled *James McNeill Whistler* on 21 May, running through 27 September, before traveling to the Van Gogh Museum in Amsterdam (16 October–10 January 2027) under the subtitle *Dandy and Disrupter*. The show’s centerpiece is Whistler’s iconic *Arrangement in Grey and Black no. 1* (commonly known as *Portrait of the Painter's Mother*), on loan from the Musée d’Orsay in Paris and displayed in its original frame designed by the artist. The article explores Vincent van Gogh’s admiration for the painting—he wrote to his sister Wil in 1889 that it reminded him of their own mother—and traces the work’s connections to the Goupil gallery (later Boussod & Valadon), where both Vincent and his brother Theo worked.

This month’s blockbuster auctions in New York could bring upwards of $2.5bn

This month's May auctions in New York are projected to generate between $1.8 billion and $2.6 billion across Christie’s, Sotheby’s, Phillips, and Bonhams. Major highlights include the estates of legendary dealers Marian Goodman and Robert Mnuchin, with top lots such as Gerhard Richter's *Kerze (Candle)* (est. $35m–$50m) at Christie's and Mark Rothko's *Brown and Blacks in Reds* (est. $70m–$100m) at Sotheby's. Additional offerings include works from the late S.I. Newhouse collection, featuring Jackson Pollock's *Number 7A* and Constantin Brâncuși's *Danaïde*, each estimated at $100m, as well as pieces from the collections of Agnes Gund and Marilyn Arison.

One of Van Gogh’s greatest watercolours could achieve a record price

Sotheby's New York will auction Vincent van Gogh's watercolor *The Harvest in Provence* (June 1888) on May 19, with an estimate of $25–35 million. The work, larger and more elaborate than a related watercolor at Harvard, was created just days before van Gogh's celebrated oil painting of the same scene. It is signed and titled, suggesting the artist considered it a finished piece rather than a mere study, and he sent it to his brother Theo before completing the oil version.

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.

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.

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.

Our Guide to New York Art Week 2026

New York Art Week 2026 brings a major convergence of art events across the city, including several prominent art fairs such as Frieze New York, Independent New York, TEFAF New York, and NADA New York. The week also features gallery openings spanning from Tribeca to the Upper East Side, as well as auction previews ahead of key sales at Sotheby’s, Christie’s, and Phillips.

Ten years on, Tefaf New York still stands out from the crowd

Tefaf New York returns to the Park Avenue Armory from 15 to 19 May, bringing together 88 exhibitors from 14 countries. The fair, which launched in 2016 as a two-part event and consolidated into a single annual edition in 2022, spans Greco-Roman antiquities, jewellery, 20th-century design, and contemporary art. This year’s edition includes nine new exhibitors such as David Lévy, Larkin Erdmann, Piano Nobile, Macklowe Gallery, and ML Fine Art, and sees the return of John Berggruen after a three-year absence. Fair leadership, including director Leanne Jagtiani and head of fairs Will Korner, emphasize the fair’s distinctive focus on Modern art, which they say differentiates it from other spring fairs in New York that are more heavily weighted toward contemporary work.

Dealer Matthew Brown More Than Doubles His Los Angeles Space with Move to Hollywood Media District: ‘I Really Believe in LA’

Los Angeles art dealer Matthew Brown is relocating his gallery to a significantly larger, 13,000-square-foot former warehouse in the Hollywood Media District. The new space, designed by architect Markus Dochantschi, more than doubles his exhibition area and includes offices, viewing rooms, and storage. The inaugural exhibition will feature artist Mimi Lauter, marking her first Los Angeles show in eight years.

David Hockney : tout savoir sur la superstar de la peinture exposée à la galerie Lelong

Beaux Arts Magazine has published a comprehensive dossier on David Hockney, coinciding with his current exhibition at Galerie Lelong in Paris. The article presents a multi-episode series covering the British artist's career, from his iconic "Pool Paintings" like *A Bigger Splash* (1967) to his recent works created on iPad in Normandy. It highlights his ongoing exhibitions at multiple venues, including a major retrospective at the Centre Pompidou starting June 21, a dialogue with Matisse at the Musée Matisse in Nice, a show at the Van Gogh Museum, and a loan from Tate Britain to the Musée Granet in Aix-en-Provence. The piece also explores Hockney's fascination with Old Masters, his use of technology, and his enduring status as a pop art and hyperrealist superstar.

Landmark Works Lead Cowley Abbott’s Sale of Indigenous and International Art

Cowley Abbott is staging its major spring sale, 'Select Masterworks of Indigenous and International Art,' at the Globe and Mail Centre in Toronto on May 27. The auction features a diverse range of works, including Pierre-Auguste Renoir's 'Paysage du Midi' (ca. 1900), Vincent van Gogh's 'Homme à la Pipe: Portrait du Docteur Gachet' (1890), Philip Russell Goodwin's 'Camping – Canadian Club' (1916), Emily Carr's 'Wind' (1936), and Lawren Stewart Harris's 'Above Coldwell Bay, North Shore, Lake Superior (Lake Superior Sketch XV)' (1925), with estimates ranging from CA$150,000 to CA$700,000.

Still in 'war mode': Tehran Museum of Contemporary Art reopens with exhibitions about conflict

The Tehran Museum of Contemporary Art (TMoCA) has reopened with a weekly rotating post-ceasefire program called 'Art and War,' following weeks of bombardment that forced its closure and prompted emergency efforts to protect its collection. The program began with works by American Pop artists James Rosenquist, Roy Lichtenstein, and Robert Indiana, and this week features three works from Pablo Picasso's Weeping Woman series, focusing on Spain. Museum director Reza Dabirinezhad described the challenges of safeguarding the collection during US-Israeli strikes, including removing 80% of the oil from Noriyuki Haraguchi's installation 'Matter and Mind' (1977) to prevent fire risk, and protecting outdoor sculptures by Henry Moore, René Magritte, and Max Bill.

With new Costume Institute exhibition and galleries, the Met makes powerful statement about fashion's place in museums

The Metropolitan Museum of Art has opened a major new Costume Institute exhibition titled "Costume Art," which runs until January 10, 2027, in the newly designed Condé M. Nast Galleries by Peterson Rich Office. Curated by Andrew Bolton with Stephanie Kramer, Ayaka Iida, and Emily Mushaben, the show features nearly 400 objects from all 19 of the museum's collecting departments, organized around body typologies such as the "Classical Body" and "Aging Body." The exhibition marks a significant institutional commitment to fashion as a central curatorial concern, with the 12,000-square-foot space adjacent to the Great Hall.

How an Artist and Museum Conspired to Give a Delivery Worker What the Apps Won’t: PTO

Artist Fields Harrington, after witnessing a delivery worker get hit by a car in Brooklyn, began photographing the customized bikes of New York City's delivery workers, capturing their gloves, reflective tape, and cultural markers. His series is now featured in MoMA PS1's "Greater New York" exhibition. In a direct act of reciprocity, Harrington convinced the museum to rent a delivery worker's bike and pay its owner, Gustavo Ajche, his usual wage of $21.44 per hour during museum hours. For one week each month, the bike is displayed, and every 21 minutes and 44 seconds, a notification ding sounds, referencing the wage Ajche and his group Los Deliveristas Unidos fought for.

12 Art Books to Kick Off Summer

Hyperallergic's Lakshmi Rivera Amin presents a curated list of 12 art books for summer reading, including a novel lampooning the art world, Megan O'Grady's meditation on art and living, Kory Stamper's exploration of color lexicography, Nan Goldin's reissued photo essay, and Jennifer Higgie's prose poetry novel. The roundup also features Vincenzo Latronico's 'Perfection,' Nina Burleigh's satirical 'Turn Around, Don’t Drown,' and a graphic novel by Naoki Matayoshi and Shinsuke Yoshitake, among others.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

At MAXXI L'Aquila, exhibition dedicated to Ai Weiwei recounts catastrophes and memory

From April 29 to September 6, 2026, MAXXI L'Aquila presents "AI WEIWEI: Aftershock," an exhibition curated by Tim Marlow featuring approximately seventy works by Chinese artist, architect, and activist Ai Weiwei. The show spans his entire career, focusing on themes of earthquakes, wars, political repression, and memory. The centerpiece is the installation "Straight" (2009–2012), made from 150 tons of steel rods recovered from schools that collapsed in the 2008 Sichuan earthquake, displayed across three rooms. The exhibition is held at Palazzo Ardinghelli, a Baroque building that houses MAXXI L'Aquila and was itself restored after the 2009 L'Aquila earthquake, creating a dialogue between the works and the building's history of recovery.

art venice biennale gallery exhibition guide

Cultured magazine has published a guide to art exhibitions during the Venice Biennale, highlighting several major shows across the city. Featured exhibitions include "If All Time Is Eternally Present" at Palazzo Nervi-Scattolin with works by Tai Shani, Meriem Bennani & Orian Barki, and Kandis Williams; "Michael Armitage: The Promise of Change" at Palazzo Grassi; "Amoako Boafo: It doesn’t have to always make sense" at Palazzo Grimani; "Transforming Energy" by Marina Abramović at Gallerie dell’Accademia; and "Helter Skelter" by Arthur Jafa and Richard Prince at Fondazione Prada. The guide provides details on dates, locations, and curatorial themes for each show.

The Can’t-Miss Moments at TEFAF New York 2026

TEFAF New York 2026 opened to packed crowds at the Park Avenue Armory, showcasing a mix of historic and contemporary works. Highlights include Gagosian’s solo booth of Kathleen Ryan’s bejeweled “Bad Fruit” sculptures, Thaddaeus Ropac’s presentation of monumental canvases by Danish painter Eva Helene Pade, and Axel Vervoordt Gallery’s spotlight on overlooked Italian painter Ida Barbarigo. The fair also features collectible design and perennial favorites like Alexander Calder mobiles and Alighiero Boetti tapestries.

The Met Teams Up with Band-Aid on Art-Themed Adhesive Bandages

The Metropolitan Museum of Art and Band-Aid have reunited for a second collaboration, releasing a new set of art-themed adhesive bandages in 2026. The bandages feature details from three flower paintings in the Met's collection: Claude Monet's *Water Lilies* (1919), Vincent van Gogh's *Irises* (1890), and Odilon Redon's *Bouquet of Flowers* (ca. 1900–1905). The 50-count assortment includes small, medium, and large fabric bandages packed in a collectible tin, available exclusively at Target for $7.29. The 2025 Hokusai collection, which sold out quickly, is also back on sale at major retailers.

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.

Van Gogh Museum in funding mediation with Dutch government following threats of closure

The Van Gogh Museum in Amsterdam has entered mediation with the Dutch government after initiating legal proceedings to secure additional public funding for a major renovation. The museum, which plans a three-year, €104m renovation starting in 2028, claims it could be forced to close unless its annual subsidy increases by €2.5m. The Dutch government, facing a budget deficit, considers the current €8.5m subsidy sufficient and argues the museum should contribute more itself. Mediation talks are making progress, and legal proceedings have been postponed indefinitely, with both sides aiming to conclude before summer.

Harnessing the winds of societal change: how art dealers have been able to shape taste for centuries

Valentina Castellani, a former Gagosian director, has authored a new book titled *Trading Beauty: Art Market Histories from the Altar to the Gallery* (out 1 May). The book traces how art dealers have historically leveraged societal changes—political, economic, and social—to reshape taste and market structures. Castellani begins in the Middle Ages, when art was made only on commission for patrons like the Catholic church and monarchies, and moves through key shifts such as the Dutch Republic's first open art market in the 17th century, which gave rise to the professional art dealer. She highlights dealers like Paul Durand-Ruel, Joseph Duveen, and Leo Castelli who capitalized on anti-establishment energy, new wealth, and post-war consumer culture to bring avant-garde art to the forefront.

Rare Books Stolen From Ex-MoMA President’s Home Recovered After Nearly 40 Years

Seventeen rare books, valued at over $2 million and stolen nearly 40 years ago from the Long Island estate of former Museum of Modern Art president John Hay Whitney, have been recovered and will be returned to his descendants. The trove includes a $2 million portfolio of handwritten letters from poet John Keats and first editions of works by James Joyce and Aleister Crowley.

Printmaking skills of Manet, Van Gogh and more celebrated in Bath show

An exhibition titled *Beyond Impressionism* at the Holburne Museum in Bath showcases over 50 prints by artists such as Édouard Manet, Vincent van Gogh, Paul Gauguin, James McNeill Whistler, Henri de Toulouse-Lautrec, and Pablo Picasso. The show, running from 23 May to 13 September, highlights how impressionist, post-impressionist, and cubist painters revived printmaking in the late 19th and early 20th centuries, elevating it from commercial reproduction to a respected artistic medium. Works are drawn from public collections including the Courtauld Gallery and Ashmolean, as well as private collections.

Archibald prize 2026: Jacob Collins portrait wins the Packing Room prize as finalists revealed

The Packing Room prize for the 2026 Archibald Prize has been awarded to Sean Layh for his portrait of actor Jacob Collins, titled 'The tragicall historie of Hamlet, Prince of Denmarke'. The prize, worth $3,000, is chosen by Art Gallery of NSW staff who unpack and hang the exhibition. Layh, a self-taught Melbourne-based painter, drew inspiration from Collins' performance as Hamlet in a 2024 Melbourne Shakespeare Company production. The Archibald Prize main announcement, along with the Wynne and Sulman prizes, will take place on 8 May, with finalists including portraits of Bondi shooting hero Ahmed al-Ahmed, journalists Virginia Trioli and Jan Fran, surfer Layne Beachley, and artist Khaled Sabsabi.