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.

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.

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.

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.

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.

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.

Aspen Art Fair Names More Than 35 Exhibitors for 2026 Edition at Hotel Jerome

The Aspen Art Fair has announced more than 35 exhibitors for its third edition, returning to the Hotel Jerome from July 29 through August 1, 2026. This will be the first edition under director Kelly Cornell, who also leads the Dallas Art Fair. Newcomers include Albertz Benda, Friedman Benda, Library Street Collective, Monique Meloche Gallery, and R & Company, alongside returning galleries such as Marianne Boesky Gallery, Perrotin, Sean Kelly, and Galerie Gmurzynska. The fair will debut an outdoor sculpture garden and continue its Art Prize Program with residencies and commissions through Anderson Ranch Arts Center and Buckhorn Public Arts. It also coincides with the AIR festival organized by the Aspen Art Museum and partners with the Aspen Education Foundation to support local student artists.

Zurbarán in London, the Carnegie International, Walter Sickert’s Ennui—podcast

This episode of The Art Newspaper's podcast covers three major art events opening this weekend. The largest career survey of 17th-century Spanish master Francisco de Zurbarán since the 1980s opens at the National Gallery in London, co-curated by Francesca Whitlum-Cooper. The 59th Carnegie International, titled "If the word we," opens at the Carnegie Museum of Art and other venues in Pittsburgh, directed by Eric Crosby. The Work of the Week is Walter Sickert's "Ennui" (c.1914), featured in the exhibition "Walter Sickert: Working Notes" at Charleston in Lewes, curated by Robert Travers of Piano Nobile in partnership with Charleston.

Here’s How Stars at the 2026 Met Gala Nodded to Art History

The 2026 Met Gala, themed "Fashion Is Art," saw celebrities and fashion figures wearing outfits directly inspired by or referencing iconic artworks and art historical movements. Notable nods included Chloe Malle in a gown referencing Frederic Leighton's *Flaming June*, Lauren Sánchez Bezos in a Schiaparelli dress echoing John Singer Sargent's *Madame X*, and Hunter Schafer channeling Gustav Klimt's portrait *Mäda Primavesi*. Other attendees like Anne Hathaway, Hailey Bieber, and Karan Johar also drew from specific paintings, sculptures, and poems, while stylist Law Roach wore a hand-painted piece by Gabonese artist Naïla Opiangah.

Overlooked Artist Louisa Chase Returns to the Spotlight

Artnet News reports on a solo exhibition at Berry Campbell, New York, dedicated to overlooked American painter Louisa Chase (1951–2016). Titled "Louisa Chase: The Eighties," the show is the largest and most comprehensive survey of her work in 25 years and the first since the gallery began representing her estate. It features a curated selection of works on paper from the mid-1970s to mid-1980s, highlighting Chase's unique synthesis of abstraction and representation that positioned her between Neo-Expressionism and the New Image movement. Chase, who studied under Philip Guston at Yale, had major early success including solo shows at Robert Miller Gallery, appearances at the Whitney Biennial (1981, 1983), and inclusion in the American Pavilion at the Venice Biennale (1984), with works held by MoMA, the Met, the National Gallery of Art, and the Walker Art Center.

The Defining Themes of Today’s Biennial Art

The article analyzes the defining themes and styles of the past four years in the international biennial circuit, based on a survey of 130 biennials. It identifies a core group of artists who appeared most frequently, including Ali Eyal, Apichatpong Weerasethakul, Carolina Caycedo, Kapwani Kiwanga, and Tuan Andrew Nguyen, among others. Many of these artists are also featured in the upcoming 61st Venice Biennale curated by the late Koyo Kouoh. The piece categorizes their work under two broad themes: "Post-Colonial Post-Conceptualism," which involves poetic engagement with colonial history and artifacts, and "Families and Networks," where artists explore personal and political family histories.

‘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.

Georg Baselitz, Lion of German Neo-Expressionism, Dead at 88

Georg Baselitz, the influential German Neo-Expressionist painter, printmaker, and sculptor, died on April 30 at age 88. His death was announced by Thaddaeus Ropac gallery, his longtime representative. Born Hans-Georg Kern in 1938 in Saxony, Baselitz was profoundly shaped by his childhood experience of war and the destruction of Nazi Germany. He was expelled from art school in East Berlin for "socio-political immaturity," moved to West Berlin, and adopted his pseudonym from his hometown. His first solo exhibition in 1963 was raided by police for obscenity, cementing his reputation as a provocateur. Known for his upside-down figures and fierce brushwork, he created series such as "Heroes" and "Fracture" that addressed trauma, violence, and the psychic toll of postwar life.

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.

Biennale di Venezia 2026. Le grandi mostre da non perdere in città

The article previews major exhibitions in Venice during the 2026 Biennale, highlighting a rich lineup of shows across the city's museums and foundations. Key highlights include a retrospective for Marina Abramović at the Gallerie dell'Accademia, a Peggy Guggenheim exhibition at her former home, and dual shows at Palazzo Grassi and Punta della Dogana featuring artists like Michael Armitage, Amar Kanwar, Lorna Simpson, and Paulo Nazareth. Other notable venues include Fondazione Prada, Ca' Pesaro, and the Museo Correr, with artists ranging from Joseph Kosuth to Jenny Saville.

Art Movements: New Museum Names Its First Artist Studio Residents

The New Museum has named Yun Choi, Alison Kuo, and Korakrit Arunanondchai as the first artists-in-residence for its new Artist Studio, a 730-square-foot space created by the museum's OMA-designed expansion. The residencies will run from spring 2025 through winter 2027, with each artist developing new work, onsite exhibitions, and public programs. Separately, Forge Project announced its 2026 fellows—six Indigenous artists including Jay Bellis, Heidi Brandow, and Tiare Ribeaux—who will each receive $25,000 and a three-week residency. In other news, the Robert Therrien Estate has left Gagosian for David Zwirner Gallery, Laurel Nakadate won the Maud Morgan Prize, and Frieze New York revealed a staff uniform designed by artist Reika Takebayashi.

10 Art Shows to See in Los Angeles This May

Hyperallergic's May guide for Los Angeles highlights ten art shows, including a posthumous exhibition of Celeste Dupuy-Spencer's paintings at Jeffrey Deitch, Yoko Ono's first solo museum show in Southern California at The Broad, and a survey of Richard Mayhew's abstract landscapes at Karma. Other notable shows include Joe Brainard's matchbook miniatures at Chris Sharp Gallery, Gordon Parks's musical output at the California African American Museum, and a two-venue presentation of Magdalena Suarez Frimkess's ceramics and drawings.

Nicholas Pope, sculptor whose career came in two acts, 1949–2026

Nicholas Pope, a British sculptor known for his organic, post-minimalist works, has died at age 76. His career unfolded in two distinct acts: an early phase in the 1970s producing roughly-hewn wooden columns like *Oak Tree Column* (1973) and *Drooping Column* (1975), which earned him a spot in the British Pavilion at the 1980 Venice Biennale, followed by a decades-long hiatus after contracting viral encephalitis in Tanzania. He later returned to sculpture with brighter, brasher works in ceramic, glass, and felt, including *The Apostles Speaking in Tongues Lit By Their Own Lamps* (1993–96) and collaborations like *The Conundrum of the Chalices of the Seven Deadly Sins and Seven Virtues* (2015) with James Maskrey.

Collateral Events Not to Miss at 61st Venice Biennale

The article highlights several collateral events not to miss at the 61st Venice Biennale, including "The Spirits of Maritime Crossing 2026" at Palazzo Rocca Contarini Corfù, featuring 20 artists from Southeast Asia, Ireland, and Serbia, anchored by Marina Abramović's performance piece "Sea Punishing" (2006). Other notable exhibitions include a seven-decade survey of Korean artist Lee Ufan at San Marco Art Centre, "TURANDOT: To the Daughters of the East" at ACP Palazzo Franchetti featuring 11 female artists from Central Asia, Li Yi-Fan's "Screen Melancholy" at Palazzo delle Prigioni, and Nalini Malani's "Of Woman Born" at Magazzini del Sale.

At Home at Hong Kong Art Week

During Hong Kong Art Week, beyond the dominant Art Basel Hong Kong fair, a series of intimate interventions and installations across the city explore the boundaries between art, design, and everyday life. One notable event is a 'Listening Session' organized by Guangzhou's Vitamin Creative Space in a private home in the New Territories, where Lebanese artist-composer Tarek Atoui debuted two new 'instruments' that transform the living room itself into an interactive sound sculpture. The gathering of about 30 people, mostly in town for art week, blurred the lines between performance, installation, and domestic space.

Artists made their mark at 2026 Met Gala

The 2026 Met Gala, held on May 4 at the Metropolitan Museum of Art, raised a record $42 million for the Costume Institute, surpassing last year's $31 million. Honorary chairs Jeff Bezos and Lauren Sanchez Bezos contributed at least $10 million, but their involvement sparked protests outside the event, with demonstrators holding signs like "Tax the Rich" and a group called Everyone Hates Elon leaving fake urine bottles labeled with Bezos's face. Inside, artists made a strong impression: Amy Sherald wore a Thom Browne look based on her painting; Jordan Roth donned a Robert Wun outfit inspired by a Met collection work; and Tschabalala Self collaborated with Brandon Blackwood on a gown evoking Degas's ballerina sculpture. The gala's dress code was "fashion is art," and the accompanying exhibition, "Costume Art" (May 10–January 10, 2027), debuts the Met's new 12,000-square-foot Condé M. Nast Galleries.

film wealth consultant fanny pereire devil wears prada

Fanny Pereire is a fine art coordinator for film and television, responsible for curating the art seen in the homes and offices of fictional characters, particularly the ultra-wealthy. Her work spans productions like *The Devil Wears Prada 2*, *Succession*, *Industry*, and *The Menu*, where she sources, reproduces, and often destroys artworks to ensure authenticity and copyright compliance. She typically uses high-quality replicas for expensive pieces and oversees their destruction after filming.

A Venice Biennale in Protest

Hundreds of protesters, led by the Art Not Genocide Alliance, blocked the entrance to the Israeli pavilion at the Venice Biennale on May 6, waving Palestinian flags and accusing Israel of operating a "genocide pavilion." Activists from Pussy Riot and FEMEN also staged a pink smoke-filled protest against Russia's participation. Meanwhile, the Biennale jury suddenly resigned, and Israeli pavilion artist Belu-Simion Fainaru made legal threats against the Biennale alleging antisemitism and discrimination. The article also covers exhibitions in Upstate New York, a tribute to Beat Generation icon Jack Kerouac, and obituaries for performance art champion Steven Durland, artist Georg Baselitz, cartoonist Nicole Hollander, and arts patron Doris Fisher.

10 exhibitions you can still see after Berlin's Gallery Weekend

10 Ausstellungen, die Sie auch nach dem Gallery Weekend in Berlin sehen können

The Monopol editorial team highlights ten standout exhibitions from Berlin's Gallery Weekend, including Jiyoon Chung's installation "Dead End" at Anton Janizewski, which uses subtle triggers to explore perception and anxiety; Giorgio Griffa's retrospective at Walter Storms Galerie, featuring his poetic abstract paintings on raw linen; Walid Raad's narrative-driven show at Galerie Thomas Schulte, referencing the Lebanese civil war with a crashed VW Beetle and bomb graffiti; and Thomas Demand's new works at Sprüth Magers, printed on copper plates to create a shimmering aura. The article provides a curated tour of these shows, many of which remain open after the weekend.

A Venise, trois maîtres redéfinissent la nature morte

The article announces an exhibition titled "Picasso, Morandi, Parmiggiani – Still lifes" at the Istituzione Fondazione Bevilacqua La Masa in Venice, running from May 7 to July 25, 2026. The show brings together three masters—Pablo Picasso, Giorgio Morandi, and Claudio Parmiggiani—to redefine the still-life genre through a curated dialogue of their works across six rooms. The exhibition is co-organized by Tornabuoni Art, the Musée national Picasso-Paris, and the Fondazione Musei Civici di Venezia, with Cécile Debray, president of the Musée national Picasso-Paris, serving as curator. A fully illustrated catalogue accompanies the show.