Art News. Vasari Codex

trending_up market schedule May 1, 2026 visibility 48 link 22 artists, 1 gallery

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.

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trending_up market schedule Nov 19, 2025 visibility 20 link 12 artists, 2 galleries

is dawn arriving for milans art scene 2691936

Thaddaeus Ropac, a major European blue-chip gallery, opened its seventh location in Milan in January 2025, occupying a prime palazzo previously home to Massimo de Carlo and Peres Projects. The inaugural exhibition pairs Georg Baselitz and Lucio Fontana in a show titled "L’aurore viene." The move has reignited debate about whether Milan is finally poised to become a contemporary art capital, despite past false starts and the city's stronger identity as a fashion and design hub.

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trending_up market schedule Jul 20, 2025 visibility 8 link 2 artists, 2 galleries

sam gilliam foundation david kordansky gallery sued over disavowed drape painting 1234747792

Drax Fine Art, LLC has filed a lawsuit against David Kordansky Gallery, the Sam Gilliam Foundation, and the late artist's widow Annie Gawlak, alleging they conspired to disavow and defame an authentic Sam Gilliam drape painting from 1972. Drax claims the work was acquired from Carl Solway Gallery in Cincinnati, installed in an architectural firm's lobby, and later purchased by Drax. The plaintiff seeks $6 million in damages, accusing the defendants of blocking an auction sale by claiming restoration efforts constituted irreparable damage. The defendants call the claims "absolutely frivolous," asserting the unsigned, undated piece does not conform to Gilliam's practice and may be a studio remnant.

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trending_up market schedule May 15, 2026 visibility 6 link 7 artists, 1 gallery

The Works, Trends, and Artists Artnet Specialists Can’t Stop Thinking About

Artnet Auctions has three sales currently live: Post-War and Contemporary Art (through May 20), Contemporary Editions (through May 29), and Private Sales for immediate purchase. Three Artnet specialists highlight key lots: Robert Rauschenberg's 'Corridor (Hoarfrost)' (1978), Emily Mason's 'Express Report' (1988), and Andy Warhol's 'Double Mickey Mouse' (1981). The specialists discuss market trends, including the growing importance of artist foundations in supporting scholarship and market health, the rapid revaluation of post-war women abstractionists like Mason, and shifts in the prints market as consignors leverage demand.

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gavel restitution schedule Jun 16, 2025 visibility 13 link 4 artists

kim kardashian gets authentic donald judd furniture lawsuit 1234745219

The Judd Foundation has settled a lawsuit with Kim Kardashian and Clements Design over a 2022 promotional video in which Kardashian promoted knockoff versions of Donald Judd's minimalist furniture. The video, which garnered over 3.6 million views before being deleted, featured tables resembling Judd's La Mansana Table 22 and Chair 84. Under the settlement, Kardashian will acquire authentic Judd furniture from Donald Judd Furniture LLC, and both parties expressed satisfaction with the outcome.

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trending_up market schedule Apr 7, 2026 visibility 19 link 3 artists

Robert Rauschenberg Foundation Estate Sold to Florida Resort

The Robert Rauschenberg Foundation has sold the late artist’s twenty-two-acre estate on Captiva Island, Florida, to the neighboring South Seas resort for $45 million. The sale includes ten buildings, most notably Rauschenberg’s custom-built 8,000-square-foot studio and his historic "Beach House." While the resort plans to integrate the property into its operations and host art-related programming, the foundation cited escalating maintenance costs and environmental risks from climate change as the primary reasons for the divestment.

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article news schedule Feb 24, 2026 visibility 12 link 1 artist

calder sculpture mountains and clouds restored 1234774418

Alexander Calder’s monumental sculpture "Mountains and Clouds," located in the Hart Senate Office Building in Washington, D.C., is finally undergoing a full restoration. The 75-foot-wide "clouds" component of the mobile was dismantled in 2016 due to structural safety concerns, leaving only the stationary "mountains" portion on display for nearly a decade. Supported by private funding secured by the Calder Foundation, the project will refabricate the suspended elements and reinstall the computer-controlled motor system that allows the sculpture to rotate.

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article news schedule Oct 2, 2025 visibility 15 link 2 artists

Italy's art police seize 21 suspected forgeries from Dalí exhibition

Italian art police, the Carabinieri TPC, seized 21 suspected forgeries attributed to Salvador Dalí from the exhibition "Dalí, Between Art and Myth" at Palazzo Tarasconi in Parma. The works, including 18 lithographs and three drawings, were among 80 pieces on display. A Rome court ordered the seizure after Dalí experts in Spain and the Gala-Salvador Dalí Foundation expressed doubts about their authenticity. The investigation began with a routine check in January, and the Carabinieri waited until the show opened to confiscate the works, which were loaned by two Italian individuals. The exhibition was organized by Navigare company and had previously run at Rome's Historical Museum of the Italian Army Infantry.

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