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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.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Maurizio Cattelan Opens Up About Sin, Silence, and Stealing: ‘I’m Guilty Too’

Italian artist Maurizio Cattelan directed the Renaissance Society’s annual benefit gala, titled "The Silent Party!", held at the Chicago Athletic Club during the week of Expo Chicago. The event subverted traditional gala expectations by requiring guests to remain silent for two hours, communicating only via handwritten notes while navigating a labyrinth of performances. The evening featured contributions from artists including Jacob Ryan Renolds, Davide Balula, and Isabelle Frances McGuire, culminating in a dinner that raised approximately $600,000 for the non-profit institution.

despite global art market contraction prints are thriving 2621263

The print market is experiencing a significant resurgence, defying the broader contraction seen in the global art market. Recent events like the IFPDA Print Fair in New York reported record-breaking attendance of 21,000 visitors, while auction data shows that over 54,000 print lots were sold in 2024—the highest volume in a decade. While total sales value dipped slightly, the decline was far less severe than the 27 percent drop seen in the general fine art sector.

Georg Baselitz obituary

Georg Baselitz, the German painter and sculptor known for his provocative, expressionistic works and his iconic upside-down paintings, has died at the age of 88. The article traces his life from his childhood in war-torn Germany, through his early career as a rebellious artist in divided Berlin, to his rise as an international art star. It highlights his 1961 manifesto poster "Pandemonium I," his rejection of American abstraction, and his controversial 1963 exhibition that was raided by police for its explicit content.

Marian Goodman’s Prized $65 Million Collection Lands at Christie’s

Christie’s has announced the sale of the private collection of the late legendary art dealer Marian Goodman, who passed away in January at age 97. Estimated to bring in approximately $65 million, the collection is headlined by a group of significant works by Gerhard Richter, an artist Goodman championed for four decades. The centerpiece of the auction is Richter’s 1982 painting "Kerze (Candle)," which carries a high estimate of $50 million and will lead a series of dedicated sales in New York this May.

5 Under-Recognized Artists Getting Their Due in New York This Season

The article highlights five under-recognized artists whose exhibitions are on view in New York this season, focusing on Domenico Gnoli at Lévy Gorvy Dayan and Raquel Rabinovich at Hutchinson Modern and Contemporary. Gnoli, an Italian painter who died in 1970, is known for his pallid, claustrophobic depictions of everyday subjects, while Rabinovich, who died at 102 in January 2026, created somber minimalist paintings exploring silence and withholding. The piece notes that New York galleries often use the pre-fair period to showcase less prominent artists of great promise.

ifpda print fair 2023 2386055

The 30th edition of the International Fine Print Dealers Association (IFPDA) Print Fair concluded at New York’s Javits Center, featuring 77 international exhibitors. The fair showcased a vast chronological range of works, from $2 million Edvard Munch prints to contemporary editions priced at $200, attracting a diverse crowd of collectors and institutional buyers.

Filthy fossil fuels, a dizzying debut and the ominous side of the moon – the week in art

The Guardian’s weekly art roundup highlights the opening of 'Extraction' at Jupiter Artland, an exhibition featuring artists like Marguerite Humeau and John Gerrard that explores the environmental impact of fossil fuels. Other notable UK openings include Michaela Yearwood-Dan’s museum debut at The Whitworth, a survey of Paula Rego’s drawings at Victoria Miro, and a showcase of Thérèse Oulton’s textured landscapes at Vardaxoglou.

Legal Dispute Threatens Auction of Titanic Artifacts, Vaillancourt Fountain Catches Fire During Demolition, and More: Morning Links for May 7, 2026

A legal dispute has erupted over the planned auction of nearly 100 artifacts recovered from the Titanic shipwreck in 1987. The R.M.S. Titanic, the private company that owns salvage rights, seeks to sell the items, but the French government—which co-sponsored the expedition—granted title under the condition they not be sold. The U.S. National Oceanic and Atmospheric Administration also opposes the sale, arguing it violates a prior legal ruling. A judge has rejected the company’s attempt to keep the auction confidential. Separately, San Francisco’s Vaillancourt Fountain caught fire during demolition on May 6, 2026, when a torch ignited rubber tubing inside the Brutalist sculpture by Armand Vaillancourt; the fire was quickly contained with no injuries. Other news includes the death of Beat Generation artist George Herms at 90, a French bill to facilitate colonial-era art restitution, and a rare opportunity to view Gustav Klimt’s ceiling paintings at Vienna’s Burgtheater during renovation.

Robert Therrien Estate Leaves Gagosian for David Zwirner, Olney Gleason Now Represents Jill Magid, and More: Industry Moves for May 6, 2026

The ARTnews article reports a series of significant gallery representation changes and industry moves in the art world as of May 6, 2026. Key shifts include the Robert Therrien Estate leaving Gagosian for David Zwirner, Olney Gleason now representing Jill Magid, and several other artists—Tianyue Zhong, Africanus Okokon, Seung Ah Paik, Khalif Tahir Thompson—joining or switching galleries. Miriam Machado has been named director of the Patricia and Phillip Frost Art Museum. The article also notes the rising costs and commercial realities of staging exhibitions at the Venice Biennale, including a Christie's selling show at Palazzo Ca' Dario.

Zoe Leonard Departs Hauser & Wirth for New York’s Maxwell Graham Gallery

Zoe Leonard, a celebrated conceptual artist whose work will appear at the Venice Biennale next week, has left Hauser & Wirth—a global gallery with 14 locations—to join Maxwell Graham, a smaller New York-based gallery known for spare conceptual presentations. Leonard will continue to be represented by her longtime galleries, Cologne’s Galeria Gisela Capitain and Milan’s Raffaella Cortese. Maxwell Graham staged its first Leonard exhibition last year with “Display,” featuring photographs of historical objects in museums. Leonard is the second artist to depart Hauser & Wirth in the past year, following George Condo’s exit in November.

“Primary Structures,” Turns 60

On April 28, 1966, The New York Times published a review by conservative critic Hilton Kramer of the Jewish Museum's exhibition “Primary Structures,” organized by curator Kynaston McShine. Kramer, disdainful of contemporary art, described the 42 American and British artists as rejecting personal expression and subjective inflection, yet he acknowledged the show as the first comprehensive glimpse of a style that would define the 1960s. The exhibition featured then-little-known artists including Carl Andre, Dan Flavin, Donald Judd, Sol LeWitt, Walter De Maria, Robert Morris, Anne Truitt, John McCracken, Larry Bell, Robert Smithson, Judy Chicago, Philip King, Michael Bolus, and David Annesley, and is now recognized as the ur-survey of Minimalism—a term McShine deliberately avoided.

Hampshire College, Whose Alumni List Includes Many Well-Known Artists, to Close After 51 Years

Hampshire College in Amherst, Massachusetts, has announced it will officially close following the fall 2026 semester, ending 51 years of operation. The decision follows a period of significant financial instability, including a reported $20 million debt and a failure to meet enrollment targets. The college has established agreements with regional institutions, such as Smith College and Bennington College, to allow current students to complete their degrees elsewhere.

Remembering Pat Steir, one of the 20th century’s late-blooming great artists

Pat Steir, the acclaimed American painter known for her Waterfall series, died in Manhattan on 25 March at age 87. The article traces her career from early struggles as a freelance illustrator and art director, through her transformative encounter with Sol LeWitt in the early 1970s, to her eventual emergence as a major figure in contemporary painting. It highlights her teaching at CalArts and Parsons, her involvement with feminist and artist-run institutions like Heresies and Printed Matter, and the pivotal moment in the early 1980s when she cut up a reproduction of a Jan Brueghel the Elder flower painting into 64 panels, repainting each in a different historical style.

East Africa meets Western Europe as Michael Armitage takes on Venice's Palazzo Grassi

The artist Michael Armitage opens a monographic exhibition titled 'The Promise of Change' at Venice's Palazzo Grassi, featuring 46 large paintings and nearly 100 sketches that survey his past decade of work. At 42, Armitage is the youngest artist to receive a solo show at the palazzo, which is owned by François Pinault and has previously hosted Albert Oehlen, Luc Tuymans, and Marlene Dumas. The exhibition highlights Armitage's fusion of East African and Western European artistic influences, drawing on his upbringing in Kenya and his training at London's Byam Shaw School of Art, the Slade, and the Royal Academy.

The village where Van Gogh spent his final days celebrates its most distinguished visitor

An exhibition titled "Van Gogh, Influencer: Legacies in Motion" has opened at the Château of Auvers-sur-Oise, the village near Paris where Vincent van Gogh spent his final 70 days and died by suicide in July 1890. The show, running until 3 January 2027, features nearly a hundred works by artists influenced by Van Gogh, including Léonide Bourges, Charles-François Daubigny, and Léo Gausson, though no original Van Gogh paintings are included. Curated by Wouter van der Veen, the exhibition explores visual parallels and stylistic contrasts between Van Gogh’s iconic works—such as *Church at Auvers* and *Wheatfield with Crows*—and those of his contemporaries and followers.

Slags, bings and pipelines: Edinburgh landscape offers fitting backdrop for exhibition on fossil fuel extraction

Jupiter Artland, a sculpture park and gallery near Edinburgh, Scotland, is hosting the exhibition "Extraction" (through July 26), which examines the impact of fossil fuel extraction on landscapes and culture. Set against a backdrop of historic shale oil bings, North Sea oil pipelines, and modern wind farms, the show features five artists who explore energy histories through nuanced, non-polemical lenses. Glasgow-born painter Siobhan McLaughlin uses earth pigments gathered from the nearby Five Sisters Bing to create works like "Date of Exhaustion" (2025) and "Pioneer Species" (2025), turning mining waste into art that reflects on memory, ecology, and regeneration.

Defiant women and daring paintings: Emin, Webster and Wylie create a buzz in the UK's exhibition calendar

The UK art scene is currently dominated by major survey exhibitions from three prominent female artists: Rose Wylie, Tracey Emin, and Sue Webster. Rose Wylie, at 92, makes history as the first woman painter to occupy the Royal Academy’s main galleries, while Tracey Emin presents a raw, thematic survey at Tate Modern reflecting on her life before and after cancer. Simultaneously, Sue Webster marks her institutional solo debut at Firstsite, showcasing a transition from her famous collaborative practice to deeply personal oil painting.

Chicago’s Obama Presidential Center has art at its core

The Obama Presidential Center is set to open on Chicago’s South Side on June 19, 2026. The $850m institution, designed by Tod Williams Billie Tsien Architects, features more than 25 site-specific contemporary art commissions integrated into its architecture and 19.3-acre campus. Ahead of the opening, the museum has partnered with Expo Chicago to preview these works, which include monumental contributions from artists such as Julie Mehretu, Mark Bradford, and Nick Cave.

The Venice Biennale Is High Stakes. James Cohan Gallery Is All In

James Cohan Gallery, a mid-sized New York gallery, is representing four artists in the 61st Venice Biennale's central exhibition, "In Minor Keys," curated by the late Koyo Kouoh. The artists are Ranti Bam, Tuan Andrew Nguyen, Kennedy Yanko, and Yinka Shonibare (whose Guest Artists Space Foundation is also participating). This marks a breakthrough for the gallery, which has more artists in the central exhibition than any of the four mega-galleries—Gagosian, Pace, David Zwirner, and Hauser & Wirth—none of which have as many. The gallery is investing heavily in production, logistics, travel, and events, including a luncheon at the St. Regis Hotel co-hosted with Salon 94 and Esther Schipper, and a dinner thrown by collector Pamela Joyner for Yanko.

A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

Duchamp in New York

The Museum of Modern Art (MoMA) has launched a major solo exhibition dedicated to Marcel Duchamp, marking the artist's first comprehensive survey in New York City in over 50 years. The exhibition explores Duchamp’s revolutionary impact on modern art, featuring iconic works and archival materials that trace his history from the 1913 Armory Show to his later years in New York. The opening is complemented by a broader "Duchamp spring" in the city, including a forthcoming exhibition of his readymades at Gagosian.

The Women Defining Printmaking at the 2026 IFPDA Print Fair

The 2026 IFPDA Print Fair opened at New York’s Park Avenue Armory, placing a significant spotlight on the contributions of women artists to the medium. High-profile offerings include a new release by Laura Owens from Crown Point Press, Louise Bourgeois’s "Spirals" woodcut series presented by Carolina Nitsch, and large-scale sculptural works by Joan Hall and Orit Hofshi. The fair demonstrates the technical breadth of modern printmaking, ranging from traditional woodcuts to unique, hand-embellished compositions and experimental collaborations between artists and master printers.

Process Is the Point at IFPDA Print Fair

The International Fine Prints and Drawings Association (IFPDA) Print Fair returned to New York’s Park Avenue Armory, featuring 80 global galleries, publishers, and print studios. The event showcased a diverse range of works, from 19th-century Japanese ukiyo-e masterworks by Hokusai to contemporary pieces by artists such as Kiki Smith, Julie Mehretu, and David Hockney. Notable highlights included Kiki Smith’s massive 12-foot watercolor "Wooden Moon" and Paula Rego’s influential abortion etchings, which were recently acquired by the Metropolitan Museum of Art.

Backflips, boulders and dancing dogs: the images that shaped art photography – in pictures

A new exhibition at the Princeton University Art Museum, titled "Photography as a Way of Life," celebrates the photographers who helped establish art photography as a serious movement from the 1940s to the 1970s. The show features works by Minor White, Aaron Siskind, Harry Callahan, and others, including images by Ming Smith, Donna-Lee Phillips, and Walter Chappell. The exhibition runs until September 7 and highlights how these educators and artists transformed photography's role in both the art world and higher education.

Lost ‘cloud’ of artist who wrapped the Reichstag to be created in UK gallery

Six years after Christo's death, Gagosian London will realize a monumental installation he designed in 1968 titled "Air Package on a Ceiling," originally conceived for the Institute of Contemporary Art in Philadelphia but never built due to technical constraints. The plans and a detailed scale model were discovered by studio manager Lorenza Giovanelli in 2018, hidden inside a hollow plinth in Christo's studio. The work, a vast internally illuminated suspended form resembling a cloud, will fill a 16-meter-long, 10-meter-wide space at Gagosian London, descending just above head height, in collaboration with the Christo and Jeanne-Claude Foundation.

Petal passion, super-surreal Polaroids and Billy Childish’s California – the week in art

This week’s art roundup highlights several major exhibitions across the UK, including a floral-themed survey at Kettle’s Yard featuring artists from Henri Rousseau to Lubaina Himid. Other notable openings include Billy Childish’s expressionistic California desert paintings at Carl Freedman Gallery, Katharina Grosse’s site-specific installations at White Cube, and Steve McQueen’s new photography book, 'Bounty', which explores the colonial history of Grenada through its flora.

‘It was life-changing’: the celebrated art historian who spent 46 years sitting for Frank Auerbach

Art historian and curator Catherine Lampert is the subject of a career-spanning profile following the opening of her latest exhibition, 'Euan Uglow: An Arc from the Eye,' at MK Gallery. The article details her deep personal and professional relationships with giants of British figurative painting, including Lucian Freud, Frank Auerbach, and Euan Uglow. Lampert, who served as the director of the Whitechapel Gallery for over a decade, continues to be a prolific force in the art world, recently co-authoring Freud’s catalogue raisonné and curating major retrospectives.