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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.

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.

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.

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.

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.

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.