olga de amaral appraisal

Art advisor Naomi Baigell recalls that when she managed Prudential's corporate art collection in the late 1980s and 1990s, executives refused to hang textile works by Colombian-born artist Olga de Amaral, preferring abstract paintings instead. Now 93 and still working, Amaral is experiencing a major market and institutional renaissance: the Institute of Contemporary Art in Miami is hosting a solo show of her work (through October 12), her pieces are included in MoMA's "Woven Histories" exhibition, and she has been represented by Lisson Gallery since 2019. In 2025, her auction performance has been stellar, with a new record of $1.16 million set in May for *Imagen perdida 27* (1996) at Phillips New York, and total sales of $4.07 million as of June.

'The museum is not a space for the elite': Portuguese building firm’s new museum puts workers first

A new museum called Muzeu—Thought and Contemporary Art DST has opened in Braga, northern Portugal, housed in a former courthouse and built by the DST Group, a Portuguese industrial conglomerate. The inaugural exhibition, titled "Let Us Be Realistic, Let Us Demand the Impossible," features over 100 works by 96 artists including Alex Katz, Francesco Clemente, Franz West, and Nan Goldin. The museum prioritizes workers, opening first exclusively for company employees on 24 April, then to the public on Freedom Day (25 April), with free admission for the first week and closure on International Workers' Day (1 May).

Remembering Gathie Falk, Canadian artist whose singular practice sparked comparisons to Surrealism and Pop art

Gathie Falk, the acclaimed Canadian artist known for her six-decade practice spanning Surrealist paintings, hand-fashioned ceramics, sculptural installations, and performance, died at her home in Vancouver on 22 December at age 97. Her work transformed everyday objects—glazed ceramic apples, cabbages, shoes, and watermelons—into jewel-like sculptures and installations, with notable series including "Picnics" (1976-77), "Cement With Poppies" (1982), and "55 Oranges" (1969-70). Born in rural Manitoba in 1928 to Mennonite refugees, Falk initially pursued music before turning to art at age 37, studying ceramics with Glenn Lewis and developing a practice rooted in what she called a "veneration of the ordinary."

churchill painting hudsons bay company auction

The Hudson's Bay Company, a historic Canadian department store chain that declared bankruptcy in March, began selling off its art collection. On November 19, 27 paintings from the retailer's trove were auctioned by Canadian auction house Heffel, all selling well above estimate. The top lot was an impressionistic painting of a Marrakech street by Winston Churchill, which sold for $1.5 million, more than tripling its low estimate. Other notable sales included Frederic Marlett Bell-Smith's 'Lights of a City Street' at $691,250 and works by William von Moll Berczy and Charles Pachter.

citigroup mexico bank

Citigroup is selling its Mexican retail banking operation, Citibanamex, along with a collection of approximately 2,000 Mexican artworks dating from the 18th century to the present. The collection includes works by Frida Kahlo, Diego Rivera, José Clemente Orozco, Leonora Carrington, and Remedios Varo, and is considered the most important private painting collection in Mexico. Citibanamex has stated the collection is an integral and indivisible part of the sale and will not be sold separately.

Fondazione Fiera Milano opens its contemporary art collection to the public during Art Week

La Fondazione Fiera Milano apre al pubblico la sua collezione d’arte contemporanea in questi giorni della Art Week

Fondazione Fiera Milano has announced it will open its private contemporary art collection to the public at the Palazzina degli Orafi during the 2026 edition of the miart fair. The initiative features free guided tours of a selection of the foundation's 140 works, including pieces by Nicolas Party, Marisa Merz, and Monica Bonvicini. This rare opening coincides with Milan's Art Week, providing public access to a corporate collection usually held in private offices.

Iberdrola Celebrates 125th Anniversary With Major Art Exhibition At The Reopened Bilbao Fine Arts Museum

Iberdrola has opened the exhibition "Parallels and Meridians" at the Bilbao Fine Arts Museum to celebrate its 125th anniversary. The show features over one hundred works from the company's corporate art collection and coincides with the museum's reopening after a major expansion and refurbishment. The opening ceremony was led by Iberdrola Executive Chairman Ignacio Galán and Lehendakari Imanol Pradales, with attendance from regional officials including Ibone Bengoetxea, Amaia Arregi, Elixabete Etxanobe, Ana Otadui, and museum director Miguel Zugaza. The exhibition runs until 30 August.

Why We Need Corporate Art Collections

The article traces the history and significance of corporate art collections, beginning with Deutsche Bank's acquisition of 57 early drawings by Joseph Beuys in the late 1970s, which led to the formal launch of its collection in 1980. Today, the Deutsche Bank Collection comprises over 57,000 objects displayed in 500 locations across 40 countries, and the bank sponsors events like the Frieze Art Fair. The piece also highlights the role of American banker David Rockefeller, who inaugurated Chase Manhattan Bank's Art at Work program in 1959, and notes that corporate collecting has deep roots in Renaissance banking, with institutions like Banca Monte dei Paschi di Siena commissioning art for their offices.

Japanese museum’s collection of Western art could bring $60m at auction

The Kawamura Memorial DIC Museum of Art, a private museum near Tokyo that closed permanently in March 2025, has consigned 80 works from its collection of Western modernism to Christie’s. The consignment is expected to generate at least $60 million across multiple sales in New York this autumn, led by a 1907 Claude Monet *Nymphéas* painting estimated at $40 million. Other highlights include a Pierre-Auguste Renoir *Baigneuse* from 1891, two Marc Chagall paintings, and works by artists such as Mark Rothko, Pablo Picasso, and Cy Twombly. The museum’s parent company, DIC Corporation, plans to retain only about 100 works and sell the remaining roughly 280 pieces gradually.

New Sandton art space celebrates African creativity

Standard Bank has launched The Standard Bank Art Lab, a new visual arts space at Nelson Mandela Square in Sandton City, South Africa, on June 5. The inaugural exhibition, titled "Follow the Blue Thread: It’s Woven Into Who We Are," features works by artists including Penny Siopis, Judith Mason, Sam Nhlengethwa, William Kentridge, and Miriam Ndebele, focusing on tapestry and African creativity.

Art on the Hill

A new gallery called the Capitol Crossing Gallery of Art has opened in Washington, D.C., within the Capitol Crossing development on Capitol Hill. The gallery features over 20 artists with local connections to the DMV area, including a large lobby commission by Katherine Tzu-Lann Mann. The space is curated by Alexandra Foxworth-Hill, senior property manager for Capitol Crossing Advisors, who selects abstract works that complement the building's modern, sustainable design.

AEO Exhibit, Butler Art Museum

The Butler Institute of American Art is hosting an exhibition featuring works from the American Electric Power (AEP) collection. This showcase highlights a diverse range of American artistry, bringing corporate-held masterpieces into a public museum setting for local audiences to experience.

Did You Know Maybank Has An Art Gallery? It’s Now Open & Free To The Public

Maybank has officially opened its private art collection to the public for the first time through the exhibition "Held in Time, Built on Trust." Located at Balai Seni Maybank in Kuala Lumpur, the showcase features 90 artworks acquired over four decades that were previously restricted to the bank's private offices and hallways. The exhibition is organized into three rotating cycles curated by Liu Cheng Hua in collaboration with Kakiseni, featuring works by prominent Malaysian artists such as Ibrahim Hussein and Ismail Abdul Latiff.