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.

National Gallery of Canada receives donation of 24 works from collector Bob Rennie

The National Gallery of Canada in Ottawa has received a donation of 24 contemporary artworks from Vancouver-based collector and real estate tycoon Bob Rennie and his family. The gift includes works by American artists Kerry James Marshall and Christopher Williams, and Canadian artists Brian Jungen and Jin-me Yoon, bringing the total number of works donated by the Rennie family to the NGC since 2012 to 284.

5 rising artists defined 2025

Artnet News published a roundup of five rising artist profiles that defined 2025, highlighting interviews with Alexandra Metcalf and Chase Hall. Metcalf, a British-American artist, blends 1960s psychedelia, 2000s pop music, and Victorian literature in her multimedia works, and debuted at Art Basel with London's Ginny on Frederick. Chase Hall, a painter who uses hot coffee on cotton, explores race and fatherhood, with a solo exhibition "Momma's Baby, Daddy's Maybe" at Galerie Eva Presenhuber in Vienna.

guggenheim museum 2026 exhibitions carol bove taryn simon

The Guggenheim Museum has announced its 2026 exhibition lineup, headlined by a Carol Bove survey filling the entire Frank Lloyd Wright–designed rotunda from March 5, 2026. The show, curated by Katherine Brinson, spans 25 years of Bove’s work, including early drawings and her signature twisted metal sculptures. Following Bove’s exhibition, Taryn Simon will take over the rotunda from September 18, 2026, to March 2027, with a photo-based installation that invites visitors to navigate a "whirlwind" of images. Additionally, a group show titled "Guggenheim Pop" will feature Pop art icons like Roy Lichtenstein, Andy Warhol, and Claes Oldenburg alongside contemporary artists such as Maurizio Cattelan, Lucia Hierro, and Josh Kline.

the venice biennale spotlights the market for latin american art

The Venice Biennale, often called the 'Olympics of the art world,' is spotlighting Latin American art in its 2024 edition. Curated by Adriano Pedrosa, director of the São Paulo Museum of Art and the first South American and openly queer person to hold the role, the exhibition titled 'Foreigners Everywhere' features over 330 artists, with more than 80 having ties to Latin America—about 24 percent of the show, up from 11 percent in 2022. The article examines the market for Latin American art, noting that while auction records exist (e.g., Frida Kahlo's $34.9 million painting), total auction volume for Latin American artists has declined from $388.3 million in 2015 to $245.5 million last year, reflecting a specialized market dominated by a few internationally recognized figures.

Melvin Edwards, pioneer of Black abstraction, 1937–2026

Melvin Edwards, a pioneering sculptor known for his steel assemblages that explored Black history and experience, has died. He was the first African-American artist to have a solo exhibition at the Whitney Museum of American Art in New York in 1970. His signature series, Lynch Fragments, began in the 1960s as a response to the civil rights movement and evolved over his lifetime to incorporate references to the Vietnam War and African cultural practices.

Bruno Bischofberger, Art Dealer of Stars Like Andy Warhol and Jean-Michel Basquiat, Dies at 86

Bruno Bischofberger, the legendary Swiss art dealer who championed American artists like Andy Warhol and Jean-Michel Basquiat in Europe, has died at age 86. His Zurich-based gallery announced his death on Saturday. Bischofberger founded his eponymous gallery in 1963, which became one of Switzerland's most important blue-chip art spaces. He forged deep personal and professional relationships with artists, including acquiring a stake in Warhol's Interview magazine, producing Warhol's film L'amour, and famously proposing the collaborative paintings between Warhol and Basquiat in 1984. Bischofberger also maintained a decades-long tradition of placing advertisements on the back page of every Artforum issue.

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.

emmi whitehorse white cube gallery representation

White Cube has announced the representation of Navajo artist Emmi Whitehorse, who will be represented alongside her New York gallery, Garth Greenan. The partnership follows Whitehorse’s successful solo exhibition at White Cube’s Paris space and her inclusion in the 2024 Venice Biennale. The gallery plans to debut new work, including the painting "Father Sky meets Mother Earth," at its Art Basel Hong Kong booth later this month.

top lots jean michel basquiat

Artnet News examines the top five auction results for Jean-Michel Basquiat, whose meteoric rise and tragic death at age 27 fueled a legendary market. The list includes works such as "Versus Medici" (1982), which sold for $50.82 million at Sotheby's in 2021; "El Gran Espectaculo (The Nile)" (1983), which fetched $67.1 million at Christie's in 2023; and "Untitled" (1982), which reached $85 million at Phillips in 2022. The article highlights the artist's synthesis of graffiti and Renaissance aesthetics, his relationships with figures like Andy Warhol, and the explosive growth of his market over the past decade.

follow artist brad kahlhamer as he preps a major manhattan show amid frieze tefaf

Artist Brad Kahlhamer prepares for his first solo exhibition with Venus Over Manhattan at 39 Great Jones Street, featuring energetic paintings on bedsheets that blend Plains Indian winter counts, pop-cultural graphics, and Manhattan's post-punk scene. The article follows Kahlhamer through the week leading up to the show, including his visit to TEFAF New York at the Park Avenue Armory, where his work "American Horse" was displayed in the gallery's booth, and his reflections on the installation process and the portable bedsheet medium inspired by Indigenous traditions.

almine rech merci john giorno

A new group exhibition titled "Merci! John Giorno" has opened at Almine Rech Paris, celebrating the life and career of the late American artist John Giorno (1936–2019). Presented in collaboration with Giorno Poetry Systems, the show features Giorno's own works alongside pieces made for or inspired by him, including his iconic interactive work "Dial-A-Poem" (1968–ongoing) and his "Poem Paintings" begun in 1989. The exhibition also marks the tenth anniversary of the seminal show "Ugo Rondinone: I ♥ John Giorno" at the Palais de Tokyo in 2015. Running through June 7, 2025, it is complemented by other collaborations set in Parisian museums and regional venues throughout the year, including a revival of "Dial-A-Poem" in French at the Centre Georges Pompidou.

Jumper Maybach Turns Abstraction Into Emotional Space

American artist Jumper Maybach, known for his abstract expressionist paintings, debuted a new suite of works titled "Radiant Spaces" at the inaugural Salt Lake Art Show in 2026. The series explores themes of emotional energy, human resilience, and healing, using layered textures and color fields to create immersive experiences. Maybach has also created site-specific installations in architecturally significant buildings, including the 1900K building in Washington, D.C., and continues to blur the lines between fine art, installation, and luxury design.

Hirshhorn Museum and Sculpture Garden Announces 314 New Acquisitions During 50th Anniversary Year

The Smithsonian's Hirshhorn Museum and Sculpture Garden announced 314 new acquisitions in 2025, its 50th anniversary year. The additions span photography, mixed-media works, and contemporary American artists, including pieces by Lorna Simpson, Sarah Sze, Mickalene Thomas, Danny Lyon, Graciela Iturbide, Adam Pendleton, and Mark Bradford. Major gifts include a multi-year donation from collectors Doug and Toni Gordon of 176 works forming an archive of Pendleton's works on paper, as well as 13 contemporary Chinese works tied to a 2022 exhibition. The museum also acquired nine architectural photographs by Ezra Stoller documenting its 1974 opening and 19 prints by Joel-Peter Witkin.

‘I paint the kind of people I’m attracted to’: Hernan Bas on hiding from the world in Venice

Cuban-American artist Hernan Bas has been living in Venice, painting tourists while reflecting on the ironies of mass tourism and his own status as a visitor. His new series, titled "The Visitors," comprises 30 paintings that will be exhibited at Ca' Pesaro, Venice's modern art museum, alongside the Venice Biennale. The works range from bleak to satirical, depicting young white men in tourist scenarios—such as a grinning youth at Holi in India or another cradling a koala—and explore themes of alienation, innocence, and the uncanny. Bas, who is gay, acknowledges that his subjects are often the kind of people he is attracted to, and he emphasizes narrative as central to his practice, aiming to be a conceptual artist who happens to paint.

thaddeus mosley sculptor dead

Thaddeus Mosley, the acclaimed American sculptor known for his monumental wood abstractions, has died at the age of 99 in Pittsburgh. Throughout a career spanning seven decades, Mosley transformed salvaged walnut, sycamore, and cherry wood into curvaceous, gravity-defying forms that balanced immense weight with a sense of lightness. Though he was a long-standing pillar of the Pittsburgh creative community, he achieved widespread national recognition and major museum representation only in his 90s.

beatriz gonzalez painter dead

Beatriz González, a pioneering Colombian painter and one of the most important Latin American artists of the 20th century, died on Friday at her home in Bogotá at age 93. Her Zurich-based representative, Galerie Peter Kilchmann, announced her passing but did not specify a cause. González first gained fame in the 1960s by remaking art historical masterpieces by Raphael and Leonardo da Vinci in a deliberately garish color palette, later pivoting in the 1980s to explicitly political works critiquing government violence in Colombia. Her career included major exhibitions at Documenta 14 in 2017, the Museum of Modern Art's 2019 rehang, and a retrospective that premiered at the Pinacoteca de São Paulo and will travel to the Barbican Centre in London and the Astrup Fearnley Museet in Oslo.

high line plinth tuan andrew nguyen buddha

Vietnamese American artist Tuan Andrew Nguyen has been selected for the next High Line Plinth commission in New York City. His 27-foot-tall sculpture, titled *The Light That Shines Through the Universe* (2026), will be installed for 18 months starting next spring. The work reimagines one of the Bamiyan Buddhas destroyed by the Taliban in Afghanistan in 2001, incorporating melted brass artillery shells and scrap metal from Afghanistan for the hands, which perform mudra poses of fearlessness and compassion. The sculpture will be fabricated in Vietnam from four sandstone parts and installed at night on the High Line.

martin wong painting unseen art basel miami beach ppow

A long-unseen 12-foot-wide painting by Martin Wong, titled *Tai Ping Tien Kuo (Tai Ping Kuo)* (1982), will be exhibited at Art Basel Miami Beach next month courtesy of New York gallery P.P.O.W. The work, which features a rare nude portrait of the artist’s mother and stepfather, was last shown publicly in 1987 at the Asian Arts Institute in New York. It was kept in storage for decades because Wong’s mother, Florence Wong Fie, objected to its display out of modesty. The painting adopts a classical three-panel altarpiece format, blending Chinese American history with references to Western art, the Taiping Rebellion, and Wong’s own Lower East Side influences.

new york fashion week artists designers jason wu rauschenberg

During New York Fashion Week, Canadian designer Jason Wu unveiled his latest collection in a Brooklyn Navy Yard warehouse, but the runway show was preceded by a ten-piece installation of screen prints by American artist Robert Rauschenberg, on loan from the Rauschenberg Foundation. Wu spent months researching the artist's archive, focusing on the little-studied Hoarfrost series, and incorporated image transfers from 1970s newspapers and magazines into his garments. The show also featured other designer-art crossovers, including Proenza Schouler's debut under Rachel Scott at Olney Gleason gallery and Ashlynn Park's presentation at the International Center of Photography alongside works by Iranian artist Sheida Soleimani.

dyani white hawk gallery representation alexander gray

Dyani White Hawk, a prominent Native American artist known for her beaded abstract works, has joined Alexander Gray Associates in New York while maintaining her long-standing representation with Bockley Gallery in Minneapolis. White Hawk, who gained widespread recognition at the 2022 Whitney Biennial, creates paintings that incorporate beadwork and emphasize the contributions of Native women to abstraction. Her recent achievements include a MacArthur "genius" fellowship in 2023, a Guggenheim Fellowship in 2024, and a site-specific ceramic mosaic installation titled "Nourish" currently on view at the Whitney Museum.

whitney museum names dan nadel curator drawings and prints

Dan Nadel, a critic known for championing overlooked American artists, has been appointed curator of drawings and prints at the Whitney Museum in New York. His appointment comes ahead of the opening of his upcoming Whitney exhibition “Sixties Surreal,” which will explore Surrealism’s impact on American art from 1958 to 1972. Nadel previously organized acclaimed shows at Karma gallery, including a pivotal 2018 exhibition of Gertrude Abercrombie, and has held curatorial roles at the Lucas Museum of Narrative Art and the Jan Shrem and Maria Manetti Shrem Museum of Art. The Whitney also announced the appointments of Jennie Goldstein as curator of the collection and Roxanne Smith as assistant curator of the collection.

palestinian artist samia halabys market rise to continue this fall

Palestinian American artist Samia Halaby has experienced a dramatic surge in market value and institutional recognition over the past decade, with eight of her top 10 auction results occurring in the last three years. A Christie's sale in May 2025 saw her 2013 painting *Water Lilies* sell for $138,600, more than triple its 2020 result, while her 1974 work *Mediterranean #279* set her current auction record at £400,000 ($534,000) in 2020. Her first US museum survey opened in 2024 at Michigan State University's Eli and Edyth Broad Art Museum, and her work has been shown at MoMA, Tate Modern, and the Centre Pompidou, which acquired a piece last year.

photo london 2025 standouts

Photo London's 10th edition opened with a buoyant mood despite co-founder Michael Benson acknowledging a difficult economic climate. The fair features classics by pioneers like Henri Cartier-Bresson and Brassaï, alongside emerging artists through its Discovery section and Positions platform. Standouts include Palestinian-American artist Adam Rouhana's poignant images of joy and resistance, the special exhibition "London Lives" curated by Francis Hodgson featuring 30 photographers, and a notable booth by Guerin Projects showcasing Robin Hunter Blake's chronophotographic works paired with Rodin's The Kiss.

obama presidential center chicago artist commissions

US artists Spencer Finch and Lindsay Adams have been commissioned to create new installations for the Obama Presidential Center in Chicago, which is set to open in early 2026. Finch will produce a 70-foot-long tiled mural for the Forum building's lobby, inspired by Barack Obama's memoir *Dreams from My Father*, while Adams will adapt a 2024 painting into fabric panels for the center's public café. The commissions are led by museum director Louise Bernard and curator Virginia Shore, who are building a collection of approximately 20 public artworks for the campus, including pieces by Julie Mehretu, Richard Hunt, and Maya Lin.

Queer eyes in focus, sculpture hits pay dirt and Whistler’s world – the week in art

This week's art roundup from The Guardian highlights a major exhibition of James McNeill Whistler at Tate Britain, showcasing the American artist's impact on Victorian Britain with avant-garde influences from Paris and Japan. Other notable exhibitions include "Gender Stories" at the Walker Art Gallery in Liverpool, featuring works by David Hockney and Grayson Perry; Delcy Morelos's earthy sculptures at the Barbican Centre; and Henry Moore's sculptures at Kew Gardens. The article also covers news of a Nazi-looted portrait found in the home of a Dutch SS leader's family, protests at the Venice Biennale over Israel's inclusion, and the unveiling of Zineb Sedira's film installation at Tate Britain.

sperone westwater gallery winding down

Sperone Westwater, the venerable New York gallery that celebrated its 50th anniversary two months ago, will close as an entity on December 31, 2025. Co-founders Angela Westwater and Gian Enzo Sperone have decided to pursue separate endeavors, affecting 28 artists and estates. The gallery, known for representing legends like Bruce Nauman and David Lynch, will continue its current Richard Long show through December 13 and attend Art Basel Miami Beach as planned. The closure follows months of rumors and comes as both partners are in their 80s.

15 Art Shows to See in NYC This May

Hyperallergic's May 2025 guide to New York City art shows highlights 15 exhibitions, including a survey of Hawaiian Japanese-American artists from the Metcalf Chateau group at Ryan Lee Gallery, a retrospective of Malian photographer Seydou Keïta at the Brooklyn Museum, and Renée Green's multimedia project 'Secret' at Bortolami Gallery. The article also features Lynette Yiadom-Boakye's quietude-focused works, a meditation on grief and death, and a document of a city devastated by the AIDS crisis through portraits of inanimate objects, among other shows.

The Week in Art: Iran's Heritage, Art Market Recovery, Sydney Biennale

Art communities and heritage in Iran, moderate recovery in the art market, Sydney Biennale—podcast

The latest episode of The Week in Art podcast covers three main topics. First, it discusses the impact of the ongoing Middle East conflict on cultural communities and heritage sites in Iran and Lebanon, including damage to the Chehel Sotoun palace in Isfahan. Second, it analyzes the new Art Basel and UBS Global Art Market Report, which indicates a market recovery but reveals a complex picture. Third, it features a new installation by Indigenous American artist Cannupa Hanska Luger at the Sydney Biennale, consisting of ceramic dingo skulls, which has gained relevance following a recent tragedy in Australia.

a wake up call for the whitney biennial

The Yams Collective, a group of African American artists, has withdrawn from the 2014 Whitney Biennial in protest. Their departure centers on the inclusion of Joe Scanlan, a white artist whose long-running project involves hiring Black women to portray a fictional artist named Donelle Woolford. The collective argues that Scanlan’s work, which is listed in the biennial under the fictional artist's name rather than his own, is a form of racial drag that is particularly offensive within an exhibition already criticized for its lack of diversity.