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.

Andy Warhol’s Former Studio Building Now Home to New Uniqlo Union Square Store

The former New York City studio building of Andy Warhol, known as The Factory, will now house a Uniqlo store. The Japanese fast-fashion brand is opening its seventh New York location on the ground floor of 860 Broadway, the same building where Warhol worked from 1974 to 1984. The brand is leveraging the site's artistic history by selling exclusive merchandise featuring Warhol's imagery to promote the opening.

Hauser & Wirth Partner Cristopher Canizares Departs to Start Artist Agency

Cristopher Canizares, a longtime partner at mega-gallery Hauser & Wirth, is departing after 16 years to launch his own venture, the Artist Legacy Bureau. This new agency will function as an artist management firm, with Canizares working directly for and being paid by a select group of five or six artists to advise on long-term career strategy across their gallery, institutional, and collector relationships.

pacita abad archives stanford university

Stanford University's libraries and Cantor Arts Center have acquired the archives of Filipina American artist Pacita Abad, who died in 2004 at age 58. The 120-foot-long collection, a gift from her estate managed by her husband Jack Garrity, includes correspondence with artists like Faith Ringgold, photographs from her childhood in Manila, and materials from her global travels and exhibitions. The acquisition comes with a donation to support processing, and is seen as a homecoming for Abad, who left the Philippines in 1969 after student protests and later settled in the Bay Area, where she studied and began her art career.

jenni crain gordon robichaux frieze new york

At Frieze New York 2025, New York gallery Gordon Robichaux has dedicated its Focus section booth to the late artist, curator, and dealer Jenni Crain, who died in 2021 at age 30 from COVID-19 complications. The booth features her wood and glass sculptures, a painting, and photographs, coinciding with a two-part exhibition at the gallery's Union Square space that includes a group show of artists Crain championed, such as March Avery. The presentation also realizes Crain's final artwork, a site-responsive basswood lattice, based on her fabrication drawings. Prices for her works range from $6,500 to $36,000.

Gagosian’s Kara Vander Weg On Shaping the Afterlife of an Artist’s Work

Gagosian debuted a show titled “Walter De Maria: The Singular Experience” at its Le Bourget gallery in Paris, featuring The Truck Trilogy—three vintage Chevrolet pickup trucks fitted with the artist’s signature stainless-steel rods. The exhibition is part of the gallery’s “Building a Legacy Program,” launched in 2017 after De Maria’s death without a will threw his estate into turmoil. The program, spearheaded by managing director Kara Vander Weg, aims to preserve and promote artists’ legacies through educational efforts, ambitious shows, symposia, and content in Gagosian Quarterly.

Gladstone now represent The Estate of Anna Zemánková

Gladstone Gallery has announced its representation of The Estate of Anna Zemánková, a self-taught Czech artist known for her influential abstract works that explore psychological and spiritual realms. The gallery will collaborate with Cavin-Morris Gallery and plans to present a solo booth of Zemánková's work at TEFAF New York from May 14–19, 2026, following a spring 2025 exhibition in New York featuring her botanical drawings and works on paper. Zemánková, a key figure in Art Brut, created untitled, biomorphic works rooted in the subconscious, often compared to artists like Kunz and Hilma af Klint.

l v hull home joins national register of historic places

The Kosciusko, Mississippi, home of self-taught African American artist L.V. Hull has been added to the National Register of Historic Places. Hull transformed her property into a vibrant art environment over decades, using found objects and her signature dot paintings, attracting international visitors. This marks the first home-studio of an African American woman visual artist, and the first such environment by any African American artist, to be listed at the national significance level.

Prize commemorates Henrike Naumann – MMK takes over estate

Preis erinnert an Henrike Naumann – MMK übernimmt Nachlass

A new prize named after the late artist Henrike Naumann has been established by the Institut für Auslandsbeziehungen (ifa) and the Zeit Stiftung Bucerius, coinciding with her posthumous presentation at the German Pavilion of the Venice Biennale. The €15,000 Henrike-Naumann-Preis für Bildende Kunst, plus €5,000 in production funds, will be awarded regularly starting this year to early- to mid-career artists whose work engages with social transformation, political fault lines, or transnational contexts. Meanwhile, the Museum für Moderne Kunst Frankfurt (MMK) has acquired Naumann's estate, which will be catalogued and made publicly accessible to ensure her work receives long-term scholarly and curatorial attention.

yet to be built frida kahlo branded apartments in miami hit the market

A luxury condominium development in Miami's Wynwood neighborhood, branded with Frida Kahlo's name and image, has begun selling units despite construction not yet starting. The project, called the Frida Kahlo Wynwood Residences, features a 14-story tower designed by architect Carlos Ott with a massive portrait of the artist on its facade and plans for 244 furnished units priced from $500,000 to $1.6 million.

david lynch daughter la compound

Jennifer Lynch, daughter of the late artist and filmmaker David Lynch, revealed on Reddit that her father's will stipulates his Los Angeles compound must be sold immediately as a single property, with proceeds split evenly among his four children. The 2.3-acre Hollywood Hills property, listed at $15 million, includes a 10-bedroom home, pool, editing suite, and lime-green kitchen countertops. Jennifer expressed that the family would prefer to keep the property but must follow David's instructions to avoid any sibling feeling less loved.

Matthew Wong’s Grieving Mother Protects His Artistic Legacy

Matthew Wong, a troubled painter whose star was on the rise, died at age 35. His mother, Monita Wong, is now actively working to protect and promote his artistic legacy, ensuring that his work continues to be seen by the public.

Heirs of Dave the Potter, the Enslaved Artist, Are Battling to Recover His Legacy

The heirs of David Drake, an enslaved 19th-century potter known as Dave the Potter, are engaged in a legal and ethical struggle to recover his legacy and his works. They argue that his pottery, which includes jars inscribed with his name and poetry, represents their family's artistic and spiritual inheritance, and they are seeking recognition and a role in the stewardship of these artifacts.