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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.

hirshhorn museum loan program

The Hirshhorn Museum and Sculpture Garden has launched the "50 for 50" loan program, a landmark initiative to disperse over 200 artworks from its collection to museums in all 50 U.S. states and Puerto Rico. Major works by artists like Jackson Pollock, Georgia O'Keeffe, and Willem de Kooning will be loaned for up to five years, with a focus on reaching underserved and rural communities.

Gagosian's spring show skips and rhymes through De Kooning's career

Gagosian Gallery in New York has opened "Willem de Kooning: Endless Painting," a non-chronological exhibition curated by Cecilia Alemani that spans the artist's career from 1944 to 1986. The show features institutional loans from MoMA and the Guggenheim, includes two sculptures—including the colossal bronze "Standing Figure" displayed indoors for the first time in nearly 30 years—and runs through June 14. A panel with artists John Currin and Dana Schutz will explore de Kooning's influence on May 15.

Sotheby’s Unveils Plans for Breuer Building, Announces Opening Date

Sotheby's will open its new global headquarters in the Marcel Breuer–designed building at 945 Madison Avenue on November 8, 2025, after a renovation by Herzog & de Meuron with local partner PBDW Architects. The Brutalist landmark, originally completed in 1966 for the Whitney Museum of American Art, later housed the Met Breuer and the Frick Collection during its renovation. The project restores Breuer's original open gallery floors, adds state-of-the-art lighting and climate control, and preserves period details like the lobby's domed ceiling lights. The opening will feature a free public exhibition of Modern and Contemporary art ahead of marquee auctions starting November 17, with design sales and Luxury Week following on December 5, and a fine-dining restaurant by Roman and Williams opening later in the winter.

david rimanelli willem de kooning cosey fanni tutti

Art critic David Rimanelli reviews Willem de Kooning's exhibition "Endless Painting" at Gagosian's 555 West 24th Street location, curated by Cecilia Alemani, running through June 24, 2025. The show spans de Kooning's career from 1944 to his final phase, though notably omits his black-and-white oil-and-enamel paintings from the late 1940s. Rimanelli expresses ambivalence, finding the show dreary and pointless despite the high caliber of individual works, and critiques the press release's focus on fragmented body parts. Separately, Johanna Fateman reviews Cosey Fanni Tutti's exhibition at Maxwell Graham, highlighting her controversial 1970s series "Magazine Actions" (1972–80), on view through June 28, 2025.

Member Previews: Willem de Kooning Drawing (Thurs)

The Art Institute of Chicago is offering members exclusive preview access to "Willem de Kooning Drawing" from June 11–13, 2025, before it opens to the public. This is the first exhibition to comprehensively examine de Kooning's drawing practice, featuring works from across his career—from his earliest drawings to late calligraphic paintings—and marks the museum's first solo presentation of the artist since 1969.

10 Must-See Gallery Shows to Catch in New York This May

This article highlights ten must-see gallery shows opening in New York this May, timed to coincide with major art fairs like Frieze and TEFAF. Featured exhibitions include Yu Nishimura's debut U.S. solo show at David Zwirner, Thalita Hamoui's first U.S. solo exhibition at Marianne Boesky, and presentations by Willem de Kooning, Anastasia Komar, Theodora Allen, Ilana Savdie, Rosana Paulino, Alicjia Kwade, Xingzi Gu, and Moffatt Takadiwa. The roundup spans venues across the Upper East Side, Chelsea, and Tribeca, reflecting the city's vibrant gallery scene during a packed season of auctions and fairs.