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.

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.

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.

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.

Look Inside the Art-Filled Home of New York City's Cultural Crusaders

This profile explores the Upper West Side residence of Crystal McCrary McGuire and Raymond J. McGuire, a power couple deeply embedded in New York City’s cultural and financial sectors. Their home serves as a private gallery for a significant collection of African American art, featuring masterworks by Norman Lewis, Henry Ossawa Tanner, Elizabeth Catlett, and Romare Bearden. The couple’s shared passion for collecting began independently, sparked by their formative years studying in France, and has since evolved into a joint mission to preserve and live alongside Black artistic heritage.

How Latin American Artists Have Harnessed the Allure of Alchemy

A new exhibition titled “Constellations and Drifts: Art from Latin America in the FEMSA Collection” has opened at the Museum of Contemporary Art, Monterrey (Museo de Arte Contemporáneo de Monterrey) in Mexico, running through August 9, 2026. The show features 170 works by 115 Latin American artists from the FEMSA Collection, one of the most prestigious corporate collections of Latin American art, and is organized around five curatorial themes or “constellations,” including a section centered on alchemy. Highlights include works by Diego Rivera, José Clemente Orozco, Francis Alÿs, and a new commission by Argentine artist Ad Minoliti, alongside Surrealist pieces by Remedios Varo, Leonor Fini, Leonora Carrington, and Kati Horna.

The curator awakens: Lucas Museum of Narrative Art reveals inaugural exhibition lineup

The Lucas Museum of Narrative Art, founded by George Lucas and Mellody Hobson, will open in Los Angeles on 22 September with 18 inaugural exhibitions featuring over 1,200 objects. Curated by Lucas himself, the shows span media like photography, architecture, and cinema, as well as genres such as manga, anime, comics, and children's stories. Six solo exhibitions will highlight American artists including Thomas Hart Benton, Frank Frazetta, and Norman Rockwell. The museum's collection now exceeds 40,000 works, including the Separate Cinema Archive and Lucas Archives of film memorabilia.

Ed Ruscha | Angel (2014) | For Sale

Ed Ruscha's 2014 lithograph "Angel" is being offered for sale through Leslie Sacks Gallery in Santa Monica. The work is a unique color trial proof from an edition of 60, measuring 23 by 16 inches, hand-signed and numbered by the artist, and includes a certificate of authenticity. The listing appears on Artsy, where the price is available on request, and notes increased collector interest over the past 14 days.

Ed Ruscha | Clock (1994) | Art & Prints

This article presents Ed Ruscha's 1994 print "Clock," a Mixografia print on handmade paper measuring 40 1/2 × 34 inches, part of a limited edition of 75 plus 7 artist's proofs. The work is being offered by Upsilon Gallery, which has locations in New York, London, Miami, and Milan. The article includes a biography of Ruscha, noting his career since the 1960s, his use of unusual materials like gunpowder and Pepto Bismol, his representation of the United States at the 2005 Venice Biennale, and his auction record of $68.3 million at Christie's in 2024.

Brazilian women bring Latin American art to the New York collector circuit.

Two Brazilian women, Fernanda Mazzuco and Luciana Solano, run Art in Brackets, a consultancy and art advisory firm based in New York. For the first time, they have opened a public exhibition space on Walker Street in Tribeca, featuring a collective show centered on the African diaspora and transatlantic connections. The exhibition includes works by artists such as Santídio Pereira and Madalena dos Santos Reinbolt, with prices ranging from $3,800 to $140,000. The company, founded in 2022, connects collectors with Brazilian and Latin American artists, operating as 'wall curators' in partnership with various galleries.

Artist Henry Ossawa Tanner

This article profiles Henry Ossawa Tanner (1859–1937), the pioneering African American artist who achieved international fame in the 19th and early 20th centuries. Born in Pittsburgh to a bishop father and a mother who escaped slavery, Tanner studied under Thomas Eakins at the Pennsylvania Academy of Fine Arts before moving to Paris to escape racial discrimination. He studied at the Académie Julian, became a mentor to Black artists including Aaron Douglas and Hale Woodruff, and gained renown for his biblical paintings such as "Daniel in the Lions' Den" (1896). Tanner traveled widely—to Egypt, Morocco, and Palestine—and was named a chevalier of the French Legion of Honor in 1927. The article lists numerous works by Tanner held in major collections, including the first painting by an African American artist acquired for the White House Collection.

May Arts Calendar 2026

The May Arts Calendar 2026 highlights a wide range of visual art exhibitions and events in the Seattle area, including group and solo shows at galleries such as Gallery B612, Visual Arts Gallery No. 85, JG Art Gallery, Piano Nobile, ArtXContemporary Gallery, and Common Objects. Notable exhibitions include "Layered Being: A Celebration of AAPINH Heritage" at Gallery B612, "Moving As One" by Tetsuo Aoki, "Material Meditations" featuring woodworker Andy McConell, blacksmith Maria Cristalli, and mixed media artist Jill Kyong, and "TADAIMA: 'I'm Home'" at MOHAI, which explores Japanese American history through dolls. The calendar also features a solo show by Yaminee Patel and a group show titled "Moga" at Fresh Mochi, celebrating Japanese and Japanese American artists.

Exhibition | Carlos Garaicoa, 'Rituals and Liberty' at Goodman Gallery, New York, United States

Goodman Gallery presents Carlos Garaicoa's first solo exhibition at its New York viewing room, titled 'Rituals and Liberty.' The show features eight works, including five reliefs that blend painting and photography, and sculptural models incorporating 19th-century French engravings. The exhibition precedes Garaicoa's solo show at Museo La Tertulia in Cali, Colombia, in May. Garaicoa, a Cuban-born artist based in Madrid, explores urbanism and how architecture reflects and shapes society, continuing his long-standing interest in decoding urban infrastructures.

A $1B Evening With Nicole Kidman

Hyperallergic's newsletter reports on a record-setting $1 billion evening sale at Christie's on May 18, which included works by Jackson Pollock and Constantin Brancusi alongside Hollywood star Nicole Kidman. Other stories cover an exhibition at the DuSable Black History Museum and Education Center celebrating Black American artists in Paris, a painted book cover trend analyzed by Tara Anne Dalbow, a Gaza Square sculpture unveiling in Paterson, New Jersey, and a performance event by Bahar Behbahani on Governors Island.

Beatriz González at Barbican Art Gallery, London

The Barbican Art Gallery in London is presenting a major retrospective of Colombian artist Beatriz González, marking her first solo show in the UK and her largest-ever exhibition in Europe. The exhibition spans six decades of her work, from the 1960s to the present, showcasing her roles as an artist, curator, art historian, and educator.

This week's openings in Parisian galleries

Les vernissages cette semaine dans les galeries parisiennes

This week's openings in Parisian galleries feature a wide range of exhibitions across the Marais, Saint-Germain-des-Prés, and other districts. Highlights include Galerie Alain Margaron's group show "Du modèle à l'autoportrait" exploring the body in works by André Derain, Jean Hélion, Fred Deux, and Zoran Mušič; Kim Myoung Nam's first solo show at Galerie UNIVER / Colette Colla, presenting perforated paper pieces; and Galerie Wagner's collective exhibition dedicated to Latin American artists Milton Becerra, Olga Luna, and Claudia Lavegas. Other notable shows include Louis Pion's ink-on-envelope series at Galerie Incognito Artclub, Léonore Chastagner's raw ceramics at Galerie Anne-Sarah Bénichou, and solo presentations by Quentin Gouevic and Jérôme Zonder at Galerie Nathalie Obadia.

The Art Gallery Doing Urban Regeneration South of Milan (After Doing It in New York)

La galleria d’arte che fa rigenerazione urbana a sud di Milano (dopo averla fatta a New York)

Scaramouche Gallery has opened a new space in Milan's Scalo Romana district, marking its third location after establishing itself in New York's Chelsea and Lower East Side neighborhoods. The gallery, founded by gallerist Daniele Ugolini, is part of a wave of cultural institutions, including Fondazione Prada and Fondazione ICA, driving the urban regeneration of this former agro-industrial zone near the 2026 Winter Olympic Village.

Inside Frieze New York 2026: The Best Booths and Standout Moments of the Art Fair

Frieze New York 2026 opened at the Shed in Hudson Yards, drawing a record crowd of collectors, artists, and celebrities on preview day. The fair featured over 65 international galleries, with a strong presence of Latin American artists and a notable shift toward textile-based works, sculpture, and paper pieces. Highlights included the Ruinart Art Lounge with preparatory studies by Tadashi Kawamata, and the Focus section spotlighting emerging galleries. Notable attendees included Leonardo DiCaprio, gallerist Almine Rech, and Sotheby's senior vice president Ralph DeLuca.

Amid ceasefire, Tehran museum opens ‘Art & War’ exhibit spotlighting US Jewish artist

Tehran's Museum of Contemporary Art has opened an exhibition titled 'Art & War' featuring works by American Jewish artist Peter Saul, amid a fragile ceasefire between Israel and Hezbollah. The show includes Saul's provocative paintings that critique war and political violence, marking a rare cultural exchange in a country where official rhetoric often opposes Israel and the United States.

The Black American Artists Who Dazzled Post-War Paris

An exhibition titled "Paris in Black: Internationalism and the Black Renaissance" at the DuSable Black History Museum and Education Center in Chicago celebrates the Black American artists, writers, and performers who moved to Paris after World War II to escape American racism. Curated by Danny Dunson, the show features over 100 artworks from the museum's permanent collection, including paintings by Archibald J. Motley Jr., sculptures by Richmond Barthé, Augusta Savage, and William Artis, and ephemera related to Josephine Baker. It traces the global influence of the Harlem Renaissance and the cross-pollination between Paris and U.S. cities like Chicago.

Phillips Collection’s new ‘Miró and the United States’ exhibit focuses on transatlantic cultural exchange rather than conflict

The Phillips Collection in Washington, D.C., has opened a new exhibition titled 'Miró and the United States,' curated by Elsa Smithgall. The show features 75 works by Joan Miró alongside pieces by more than 30 other artists, including Alexander Calder, Rufino Tamayo, and Arshile Gorky. Rather than framing the relationship as a cultural clash between European modernism and American art, the exhibition emphasizes transatlantic artistic exchange during the mid-20th century, particularly in the shadow of World War II and the Spanish Civil War. Key works include Miró's 'Constellations' series and 'Still Life with Old Shoe' (1937), which are presented in dialogue with American contemporaries who responded to his visual language.

New Jersey Father and Daughter Plead Guilty to $2 M. Counterfeit Art Scheme

Two New Jersey residents, Erwin Bankowski and his daughter Karolina Bankowska, pleaded guilty to running a counterfeit art scheme that funneled over 200 fake works into the legitimate market between 2020 and 2025. The pair consigned forgeries attributed to artists including Andy Warhol, Pablo Picasso, Banksy, and Luiseño artist Fritz Scholder to galleries and auction houses across the United States, defrauding buyers of at least $2 million. They fabricated ownership histories, forged gallery stamps and certificates of authenticity using antique books and aged paper, and now face up to 20 years in prison plus restitution.

Rosy Simas on Creating a Space for Peace in Minneapolis

Minnesota-based interdisciplinary artist Rosy Simas opened a contemplative installation titled "A:gajë:gwah dësa’nigöëwë:nye:' (i hope it will stir your mind)" at the Walker Art Center on the same day that Trump-appointed border czar Tom Homan announced the end of Operation Metro Surge, a federal immigration enforcement operation in the Twin Cities. The installation features salt bottles made from woven corn husks, each honoring one of Simas's relatives, and is inspired by the teachings of Handsome Lake (Ganyodaiyo’), her fifth great-grandfather’s half-brother, who promoted the Seneca concept of a "good mind." The exhibition, on view through July 5, is part of a two-part project that also includes performances in May. Simas, known primarily for choreography, has increasingly gained recognition as a visual artist, recently receiving a Creative Capital Award.

LATIN AMERICA AT THE VENICE BIENNALE: A VISUAL TOUR OF THE CENTRAL EXHIBITION

LATINOAMÉRICA EN LA BIENAL DE VENECIA: UN RECORRIDO VISUAL POR LA MUESTRA CENTRAL

The 61st Venice Biennale, titled "In Minor Keys," opened its preview days on May 8, 2025, curated by the late Koyo Kouoh (1967–2025). The central exhibition, realized by a team she selected before her death, features 110 participants from around the world, with a strong Latin American presence of 15 artists, collectives, and organizations. The show explores themes of colonial history, plantation economies, geological memory, and environmental crisis through works that emphasize shared materials, politics, and poetics across geographies from Dakar to San Juan.

Enter the unsettled space of Asian American abstraction

The Milton Resnick and Pat Passlof Foundation in New York is hosting the exhibition "How Asian Is It?", featuring 12 pioneering East Asian American abstractionists born between 1928 and 1955. Curated by Lilly Wei, the show includes works by Barbara Takenaga, Emily Cheng, Charles Yuen, and David Diao, among others. These artists navigated an art world where downplaying their Asian identities often felt necessary for survival, especially after the 1965 Immigration and Nationality Act reshaped US immigration policy. The exhibition explores how their abstraction—marked by attention to interval, pause, and what remains unsaid—reflects a disciplined negotiation with space rather than a shared style or manifesto.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

Father Daughter Counterfeiting Duo Face Twenty Years in Prison

A father-daughter duo from New Jersey, Erwin Bankowski (50) and Karolina Bankowska (26), pleaded guilty to creating and selling over 200 counterfeit artworks falsely attributed to artists including Andy Warhol, Pablo Picasso, Fritz Scholder, and Banksy. They admitted to wire fraud conspiracy and misrepresentation of Native American-produced goods, defrauding buyers out of at least $2 million. The pair fabricated provenances and collection histories, forged gallery stamps, and attempted to auction the works for up to $160,000 each. They each face up to 20 years in prison.

Art as survival: US artists' anti-war artefacts exhibited in Tehran

An anti-war exhibition titled "Art and War" has opened at a top museum in Tehran, featuring works by American pop artists Roy Lichtenstein, Robert Indiana, and James Rosenquist. The pieces, including Rosenquist's "F-111" and Lichtenstein's "Brattata," were selected for their anti-war themes and come from the museum's major collection of American and European modern art, acquired in the 1970s by former Empress Farah Pahlavi and largely kept from public view since the 1979 Islamic Revolution. The exhibition opened amid ongoing tensions and a recent ceasefire in the Middle East, with the museum director stating it was a deliberate response to current events.

Black Artists Featured in Monet to Matisse Exhibition at Birmingham Museum of Art

The Birmingham Museum of Art (BMA) has opened its presentation of the traveling exhibition "Monet to Matisse: French Moderns, 1850–1950," which features over 100 masterworks from the Brooklyn Museum. Uniquely, the BMA version includes more than 40 additional works from its own collection, among them paintings by two Black American artists—Henry Ossawa Tanner and Charles Ethan Porter—who lived and worked in France during the period. Curator Dr. Maggie Crosland emphasized the importance of including these artists to highlight the contributions of Black Americans to French modernism, especially given the political climate that drove many to Paris between 1850 and 1950.

Arthur Jafa and Richard Prince’s ‘Helter Skelter’ Is Pure American Grit

American artists Arthur Jafa and Richard Prince will present a joint exhibition titled "Helter Skelter" at Fondazione Prada's Venetian venue, timed to coincide with the Venice Biennale. Curated by Nancy Spector, the show features over 50 works across photography, video, sculpture, installation, and painting, along with a collaboratively produced zine. It marks the first time the two artists have been exhibited together, exploring themes of authorship, race, and image-making within American popular culture.