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.

Twombly Foundation to Exhibit Rare Rauschenberg Works at Gagosian

The Cy Twombly Foundation is presenting six rarely seen early works by Robert Rauschenberg at Gagosian's new Upper East Side gallery in New York. The exhibition includes a fragile 1950 assemblage of twigs and glass, a cyanotype made with his then-wife Susan Weil, a 'Black Painting' from around 1952, and a 1961 assemblage, offering a unique glimpse into a period of the artist's output that he largely destroyed.

Wet Paint Does Frieze Week: The Dinosaur Dealer Downtown, David Zwirner Tribeca, and More Juicy Art-World Gossip

Artnet News' gossip column 'Wet Paint' covers the opening week of Frieze New York, beginning with the group show 'Statics of an Egg' at David Zwirner's newly renamed Tribeca gallery (formerly 52 Walker). Curated by Martin Germann, the exhibition features Japanese artists gathered by Yu Nishimura and Kenji Ide, with Nishimura's painting 'in waiting' highlighted. The column also reports on a private party at the River art-world hangout and a visit to Amanita gallery for 'A Land Before Time: Three Dinosaurs and a Gondola,' which includes a John Chamberlain sculpture. Notable attendees include artists Sasha Gordon, Olivia van Kuiken, Calvin Marcus, and Josh Smith, as well as dealers Marlene Zwirner and Matthew Brown.

This month’s blockbuster auctions in New York could bring upwards of $2.5bn

This month's May auctions in New York are projected to generate between $1.8 billion and $2.6 billion across Christie’s, Sotheby’s, Phillips, and Bonhams. Major highlights include the estates of legendary dealers Marian Goodman and Robert Mnuchin, with top lots such as Gerhard Richter's *Kerze (Candle)* (est. $35m–$50m) at Christie's and Mark Rothko's *Brown and Blacks in Reds* (est. $70m–$100m) at Sotheby's. Additional offerings include works from the late S.I. Newhouse collection, featuring Jackson Pollock's *Number 7A* and Constantin Brâncuși's *Danaïde*, each estimated at $100m, as well as pieces from the collections of Agnes Gund and Marilyn Arison.

Gagosian Opens a New Ground-Floor Flagship at 980 Madison Avenue with Duchamp-Rauschenberg Double Header

Gagosian is opening a new ground-floor flagship gallery at 980 Madison Avenue in New York, moving from its former upper-floor space in the same building. Designed by Caplan Colaku Architects, the 12,000-square-foot, two-level space consolidates three storefronts into a continuous layout with restrained materials like Portland Taupe stone and brushed stainless steel. The inaugural exhibition pairs a major Marcel Duchamp show with six early works by Robert Rauschenberg on loan from the Cy Twombly Foundation, coinciding with a Duchamp retrospective at MoMA and referencing a 1965 Duchamp exhibition held in the same building.

The $53 M. Wingate Collection Comes to Sotheby’s, Led by a $25 M. Giacometti

The collection of modern and contemporary art assembled by David and Shoshanna Wingate over seven decades will be sold at Sotheby's in New York and London on May 19 and 20. The sale, comprising over 50 works by artists like Alberto Giacometti, Mark Rothko, and Wassily Kandinsky, is estimated to fetch between $37 million and $53 million, led by Giacometti's sculpture "La Clairière (Composition avec neuf figures)" with an estimate of $18 million to $25 million.

The exhibitions to see in New York during Art Week 2026

Le mostre da vedere a New York durante l’Art Week 2026

The article highlights a selection of must-see exhibitions in New York during the 2026 Art Week, spanning major museums and galleries. At MoMA, three shows explore memory, identity, and artistic experimentation: Elizabeth Murray's retrospective on fragmented painting, Naufus Ramírez-Figueroa's works addressing Guatemala's civil war, and Arthur Jafa's curated connections across the museum's collection. The Whitney Museum presents the 82nd Whitney Biennial, featuring 56 artists questioning what it means to be 'American,' alongside an Andy Warhol exhibition of rarely seen polaroids from 1972-73. Hauser & Wirth debuts its first Carol Rama show, highlighting six decades of her experimental, anticonformist art.

While the world is ending outside

Während draußen die Welt untergeht

The ninth edition of the art festival "Various Others" opened in Munich amid rain, with galleries, institutions, and off-spaces presenting their exhibitions. Highlights include Jana Schröder's large-format paintings at Jahn und Jahn, juxtaposed with Willem de Kooning's works on newspaper; André Butzer's solo show at Galerie Christine Mayer, featuring his transition from monochrome 'N-Bilder' back to color; and Anselm Reyle's solo exhibition at Walter Storms in collaboration with Galerie Dirimart. Two standout shows are inspired by Persian miniature painting: Elif Saydam's 'Glory' at Galerie Rüdiger Schöttle, where silver and gold leaf works will oxidize over centuries, and another exhibition exploring bodies in transitional states—pupating, oxidizing, and escaping fixed forms.

Megadealer Larry Gagosian Is the Subject of Unauthorized Documentary In the Works from Director Barry Avrich

Director Barry Avrich is producing an unauthorized documentary titled "Shadow Man: Inside The Secret World of Larry Gagosian" about the legendary art dealer. The film, confirmed by Avrich via email, promises to feature interviews with former employees and artists sharing insider stories about Gagosian's rise from selling posters on LA streets to running a global gallery empire with 18 locations. Avrich previously directed art-world documentaries including "Made You Look: A True Story About Fake Art" about the Knoedler & Co. forgery scandal and "Blurred Lines: Inside the Art World."

A Major Martin Puryear Retrospective Reveals an Artist Who Has Never Stopped Evolving

The Cleveland Museum of Art has opened "Nexus," a major retrospective of Martin Puryear featuring over 50 works, the first comprehensive survey of the artist's career in some time. The exhibition includes rarely displayed early pieces from Puryear's personal collection alongside recent works, organized in consultation with the 84-year-old artist. Highlights include the titular 1979 piece "Nexus" made of Alaskan yellow cedar, and other works like "Night and Day" and "Alien Huddle" that showcase his mastery of wood and cold-molding techniques.

The Top Collections Leading the May Marquee Auctions

The article reports that the May 2025 marquee auctions at Christie's and Sotheby's are being driven by a resurgence of major single-owner collections, reversing a period of trophy scarcity in the secondary market. Key collections include the $130 million Robert E. Mnuchin collection at Sotheby's, the personal collection of gallerist Marian Goodman at Christie's, and the S.I. Newhouse collection expected to generate around $450 million, featuring Jackson Pollock's 'Number 7A (1948)' and Constantin Brancusi's 'Danaïde (1913)'. The article notes that the ultra-high tier above $10 million rose 30% year-on-year, and single-owner collections in New York auctions totaled $730.9 million, an 89.9% increase from Q1 2025.

Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

Ascendant Philanthropists Make $23 Million Donation to Met

The Metropolitan Museum of Art has received a $23 million donation from newly elected trustee Jennifer Rubio and her husband Stewart Butterfield, made through the Rubio Butterfield Foundation. The principal gift will endow the museum's undergraduate and graduate internship program in perpetuity, which will be renamed after the couple starting September 2026. An additional donation supports the Met's new Tang Wing for modern and contemporary art, set to open in 2030.

Gagosian Relocates to Ground Floor at Historic 980 Madison Avenue

Gagosian gallery has relocated to a new street-level space at 980 Madison Avenue in New York, opening on April 25, 2026. Designed by architect Jonathan Caplan of Caplan Colaku Architects, the 12,000-square-foot ground-floor gallery replaces the previous upstairs headquarters, offering direct public access from the street and featuring a restaurant, Kappo Masa, on the lower level. The inaugural exhibitions focus on Marcel Duchamp, including works from his 1960s readymades produced with Arturo Schwarz, and a selection of early Robert Rauschenberg pieces from the Cy Twombly Foundation.

A Venezia una mostra ripercorre l’opera di Jenny Saville con un inedito omaggio a Tiziano. La recensione

A major solo exhibition of British painter Jenny Saville has opened at Ca' Pesaro in Venice, tracing her career from early works like "Propped" (1992) and "Hybrid" (1997) to new paintings explicitly inspired by Titian. The show, curated by Elisabetta Barisoni, highlights Saville's monumental female nudes, her engagement with Renaissance masters, and her place within the Young British Artists generation that also included Damien Hirst and Tracey Emin.

SFMOMA reimagines our connection to 250 works of art across four floors.

San Francisco Museum of Modern Art (SFMOMA) has unveiled "Reimagined: The Fisher Collection at 10," a major reinstallation of approximately 250 works from 35 artists across four floors. The project was led by project assistant curator Ted Mann and chief education and public engagement officer Gamynne Guillotte, who collaborated to transform how the collection is presented. Changes include rotating galleries, such as the Agnes Martin room, to improve sightlines, and incorporating artists' voices, archival video, and interpretive tools to make abstract works more accessible. The reinstallation marks the tenth anniversary of the Fisher Collection's long-term loan to SFMOMA, originally arranged in 2009 and later extended to 100 years.

Inside the New Madison Avenue Flagship of the Powerhouse Gagosian Gallery

Larry Gagosian has opened a new flagship gallery at 974 Madison Avenue (preferring the address 980 Madison at 76th Street) after Bloomberg Philanthropies took over the building's upper floors, which had housed Gagosian's New York flagship since the late 1980s. The megadealer relocated to the street level, creating a 12,000-square-foot complex with exhibition spaces, offices, meeting rooms, and private viewing areas designed by Jonathan Caplan of Caplan Colaku Architects. The gallery launched with a double-header presentation of works by Marcel Duchamp and Robert Rauschenberg, and features ceilings just over 12 feet high, adaptable walls, and a vestibule display of art books.

The Broad: Yoko Ono Exhibition Draws Spring Crowds in 2026

As of March 2026, The Broad in Los Angeles is hosting Yoko Ono's first major solo museum show in Southern California, titled 'Music of the Mind.' The exhibition traces Ono's career from her 1950s Fluxus experiments to large-scale conceptual works, featuring interactive installations such as 'Wish Trees for Los Angeles' on the museum's East West Bank Plaza. The show opened on March 5, 2026, and has drawn record crowds to the free museum, which offers timed tickets for entry. The article also highlights other permanent attractions at The Broad, including Yayoi Kusama's Infinity Mirrored Room and galleries dedicated to Cy Twombly and Jeff Koons.

In Warsaw, “The Woman Question” Dismantles Art History’s Greatest Myth

The Museum of Modern Art in Warsaw presents "The Woman Question 1550-2025," a major exhibition curated by Alison Gingeras that dismantles the myth that women have only recently become artists. Featuring 199 works spanning centuries, the show includes pieces by Lubaina Himid, Alina Szapocznikow, Gina Birch, Macena Barton, Betty Tompkins, and Artemisia Gentileschi, among others. The exhibition is organized into nine chapters examining themes such as Baroque women, motherhood, and war, and is accompanied by a catalogue with contributions from museum director Joana Mytkowska and other scholars.

Your guide to Christie's 20/21 auction week in New York

Christie's is holding its 20/21 auction week in New York from May 9–22, 2026, featuring seven live auctions and two online sales at its Rockefeller Center galleries. Highlights include the dedicated sale "MASTERPIECES: The Private Collection of S.I. Newhouse" (led by Constantin Brancusi's *Danaïde* and Jackson Pollock's *Number 7A, 1948*), the Impressionist and Modern Art Day Sale, and "Defined Space: The Collection of Henry S. McNeil, Jr.," which focuses on Minimalist works by Donald Judd and Dan Flavin. Other consignors include prominent collectors Agnes Gund, Marian Goodman, and Joanna Carson. The public can view works for free from May 9–21.

Who’s The Next Obsession? 12 European Collectors Reveal How They Discover New Talent

Cultured magazine asked 12 European collectors how they discover new talent, timed to the 61st Venice Biennale. Collectors like Nicole Saikalis Bay, Amélie du Chalard, Belma Gaudio, and Laurent Asscher share their personal approaches—ranging from emotional resonance and dialogue with existing works to long-term obsession with an artist before acquiring a piece. The responses reveal a diversity of methods, from instinct-driven buying to conceptual and technical evaluation.

Basquiat’s Former Dealer on the Making of an Art World Icon

Bruno Bischofberger, who served as Jean-Michel Basquiat's exclusive worldwide dealer from 1982 until the artist's death in 1988, reflects on Basquiat's life and legacy in an excerpt from the forthcoming book *Basquiat: The World of Jean-Michel*, published by Assouline. Bischofberger contrasts Basquiat's raw, politically charged approach with Andy Warhol's detached, commercial style, and recounts personal memories of Basquiat's visits to Switzerland, where he absorbed everything from visual art to folk art and design.

The Wonderful World that Almost Was by Andrew Durbin review – the queer artists who shaped New York cool

Andrew Durbin's new book, 'The Wonderful World that Almost Was,' is a double biography of painter and sculptor Paul Thek and photographer Peter Hujar. It chronicles their artistic maturation, their open and unapologetic gay relationship, and their central role in defining the 'cool' of the New York creative scene from the 1950s to the mid-1970s, before their deaths from AIDS.

Cy Twombly, From Intimate Angles

A recently discovered cache of negatives taken by Tatiana Franchetti, the wife of artist Cy Twombly, reveals intimate and personal photographs of the 20th-century master. The negatives were found by Twombly's granddaughter, offering a new, private perspective on the artist's life and daily surroundings.

Cy Twombly | Untitled | Art & Prints

This article is a listing for Cy Twombly's artwork "Untitled" (1960-61), a graphite and wax crayon on paper piece offered at Christie's. It provides a detailed biography of the artist, noting his birth in Lexington, Virginia, his studies at the School of the Museum of Fine Arts, Boston, the Art Students League of New York, and Black Mountain College, and his permanent move to Rome in 1957. The listing includes his major exhibitions, such as retrospectives at MoMA and the Whitney Museum, and highlights his high auction record of $70.5 million for "Untitled" (1970) at Sotheby's in 2015.

One Fine Show: “Wes Anderson, The Archives” at the Design Museum in London

The Design Museum in London has opened "Wes Anderson: The Archives," the first major museum exhibition dedicated to the filmmaker. Featuring over 700 pieces of ephemera—including costumes, props, stop-motion puppets, miniature models, paintings, and Anderson's notebooks and storyboards—the show draws from a personal archive he has built since 1998. The exhibition, a collaboration with la Cinémathèque française in Paris where it premiered last year, has been expanded by some 300 additional objects for its London run. It runs through July 26, 2026.

Important Early Works from the Cy Twombly Foundation

Gagosian Gallery will present an exhibition of six early works by Robert Rauschenberg from the Cy Twombly Foundation, opening April 25 at 980 Madison Avenue. The show coincides with the centennial of Rauschenberg’s birth and runs alongside a Marcel Duchamp exhibition in the gallery’s new ground-floor space. The featured works, including a rare 1950 sculpture and the photogram *Untitled (1950)*, were preserved by Cy Twombly, reflecting the close friendship and artistic exchange between the two artists who met in 1951 at the Art Students League of New York and later traveled together through Europe and North Africa.

Are Tattoos Art?

Sind Tattoos Kunst?

A group exhibition at the Opelvillen in Rüsselsheim, Germany, titled "Unter die Haut. Tattoos im Blick," explores tattooing as an art form, centering on the work of tattoo artist and photographer Herbert Hoffmann. The show traces the evolution of tattoos from post-war working-class culture to contemporary pop culture, featuring Hoffmann's photographs alongside works by contemporary artists David Schiesser, Michele Servadio, and Sarah Dubná, who bridge tattooing with drawing, painting, and printmaking. The exhibition is a partner project with "Mishpocha" at the Jewish Museum Frankfurt and includes shared photographic positions by Sandra Mann and Jan Zappner.

food ruthie rogers austin butler paul mccartney

Ruthie Rogers, the chef behind London's Michelin-starred River Cafe, has launched a digital podcast called "Ruthie's Table 4," where guests like Tina Fey, Austin Butler, and Paul McCartney discuss their lives through food. The conversations have been compiled into a new book, "Table 4 at The River Cafe." Rogers reflects on her career, her socially active upbringing, and the restaurant's role as a cultural hub where artists such as Cy Twombly, Ellsworth Kelly, and Damien Hirst have contributed menu illustrations.