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The Armory Show's VIP preview day on Thursday saw long queues and a cautiously upbeat mood at the Javits Center, despite a shaky art market marked by gallery closures and fair cancellations. Dealers reported serious interest and solid sales, including a $1 million work at Galleria Lorcan O’Neill, a Kehinde Wiley painting for $265,000 at Sean Kelly, and a Kennedy Yanko sculpture for $150,000 at James Cohan. The highest-priced work, Alex Katz's 1962 painting *October 2*, was listed at $1.2 million but remained unsold. The fair attracted major collectors like Don and Mera Rubell and institutional figures such as Thelma Golden and Scott Rothkopf, with the Presents section for emerging galleries also seeing brisk sales.

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Art Basel has appointed artist Wael Shawky as the artistic director of its upcoming fair in Doha, Qatar, scheduled to open in February. This marks a departure from the company's usual practice of selecting directors from the commercial art world. Shawky, who represented Egypt at the Venice Biennale and has had solo exhibitions at Tate Modern and MoMA PS1, will curate around 50 single-artist presentations across two venues, M7 and the Doha Design District, with equal pricing for exhibitors initially. A selection committee including dealers from international and regional galleries will assist in choosing participants.

The Most Expensive Jean-Michel Basquiat Works Ever Sold at Auction

ARTnews published a listicle ranking the most expensive Jean-Michel Basquiat works ever sold at auction, updated as of May 15, 2026. The article traces Basquiat's rise from street artist under the moniker SAMO to a major figure in the downtown New York scene, highlighting key relationships with Keith Haring, Diego Cortez, and curator Henry Geldzahler. It notes that Basquiat's entire mature output was created between 1981 and 1984, and that his 1983 painting *Museum Security (Broadway Meltdown)* sold at Sotheby's in May 2026 for $52.7 million, placing it among his top sales. The piece also details earlier top sales, including *Untitled* (1982) for $29.3 million at Christie's in 2013 and *Flesh and Spirit* (1982–83) for $30.7 million at Sotheby's in 2018.

Who Went to Venice Last Week? Jenny Saville, Glenn Lowry, Jewel, and Many Other Power Players

Artnet News reporter Katya Kazakina recounts her experience at the opening week of the 61st Venice Biennale, describing a whirlwind of art, parties, and chance encounters. Notable figures spotted include former MoMA director Glenn Lowry, singer-songwriter Jewel (who debuted her visual art show "Matriclysm: An Archaeology of Connections Lost"), and Japanese Nintendo heir and collector Banjo Yamauchi. High-profile events included Thaddaeus Ropac gallery's reception for Georg Baselitz's final paintings (priced up to $1.5 million) and François Pinault's annual party at Fondazione Giorgio Cini, attended by Selma Hayek, Lorna Simpson, and JR. The article also highlights the social dynamics of the biennale, where dealers, curators, and collectors network across historic palazzos and hotels.

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Shanghai Art Week 2025 featured two major art fairs, West Bund Art and Design and Art021 Shanghai, alongside numerous satellite exhibitions and events across the city. The author navigated the sprawling metropolis by public bike, visiting highlights including “Artist’s Treat,” a cluster of 11 exhibitions organized by artist Xu Zhen in a repurposed French school, and Blunt Society, an artist-run space showing works by Ma Lingli and Alex Müller. The week was marked by a cautiously optimistic market mood, with dealers reporting better-than-expected sales and new initiatives like Art021’s SVIP preview for serious collectors.

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Art Basel Hong Kong has announced its exhibitor list for the 2026 edition, featuring 240 galleries from 42 countries and territories, roughly the same size as last year's 242 galleries. The fair runs March 27–29 at the Hong Kong Convention and Exhibition Centre, with preview days on March 25–26. New additions include 32 first-time exhibitors from Australia, Japan, Turkey, France, Germany, and the US, while 33 galleries from the previous edition are absent—some due to closures (Blum, Clearing, Kasmin) or acquisitions (Millan bought by Almeida & Dale). A new sector called Echoes will showcase works created in the last five years, and the Encounters sector will be curated by a team led by Mami Kataoka. Media artist Ellen Pau will oversee the film program for the first time, and Shahzia Sikander has been commissioned to create a public artwork for the M+ Museum facade.

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The Vancouver Art Gallery and the Walker Art Center have jointly acquired Nan Goldin's *Stendhal Syndrome* (2024), a slideshow-based video work with an original soundtrack. The acquisition was funded by the Curators’ Council Fund for Women Artists and the Jean MacMillan Southam Fund at the Vancouver Art Gallery. The work will make its Canadian debut at the Vancouver Art Gallery. First presented at Gagosian's New York gallery in September 2024 as part of Goldin's exhibition "You never did anything wrong," the piece pairs two decades of the artist's photographs with a personal voiceover, exploring the emotional power of art. It features images of classical, Renaissance, and Baroque masterpieces from institutions such as the Galleria Borghese, the Louvre, the Metropolitan Museum of Art, and the Prado, interwoven with portraits of Goldin's friends, family, and lovers.

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Frieze has announced the exhibitor lists for its two concurrent October fairs in London: Frieze London and Frieze Masters, which will run from October 15 to 19 in Regent's Park. Frieze London will feature around 160 galleries, including blue-chip names like Gagosian, Pace, Hauser & Wirth, and David Zwirner, alongside 58 London-based galleries. Frieze Masters, with some 120 exhibitors, will be the first edition under the direction of Emanuela Tarizzo. Curated sections include Artist-to-Artist at Frieze London, where artists nominate peers, and Spotlight at Frieze Masters, organized by Valerie Cassel Oliver. Frieze Sculpture, curated by Fatoş Üstek, will run from September 17 to November 2 in the English Gardens.

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Artnet News, in collaboration with Morgan Stanley, analyzed auction data from the Artnet Price Database to assess the state of the European Old Master market since 2018. The investigation explores how efforts to contemporize Old Masters—through juxtapositions at art fairs like TEFAF and Masterpiece London, and gallery shows such as David Zwirner's 'Endless Enigma'—have correlated with market trends for Contemporary and Ultra-Contemporary artists whose work is visibly influenced by classical European art. The report also examines the impact of living artists inspired by Old Masters, suggesting that restricting analysis to historical works alone may underestimate their ongoing influence on the art market.

Borghese Gallery Faces Pushback Over New Building Plan

The Borghese Gallery in Rome has proposed building an adjacent facility to expand its exhibition space and increase visitor capacity beyond the current limit of 360 people per two-hour slot. The museum, which welcomed over 630,000 visitors in 2025, argues the expansion is needed to display works long held in storage. A press conference is scheduled for May 19 to provide further details.

SP-Arte underscores Latin America’s resilient rise amid global market recalibration

The 22nd edition of SP-Arte has opened at São Paulo’s Oscar Niemeyer-designed pavilion, featuring over 180 galleries and design studios. While global art markets face a period of recalibration, the Latin American sector—and Brazil in particular—is reporting significant growth, including a 21% year-on-year increase in sales for Brazilian dealers according to the latest Art Basel and UBS report.

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The 2026 Winter Olympics are set to begin in Milan, Italy, with an opening ceremony featuring Mariah Carey at San Siro Stadium. While most events take place across northern Italy, the article provides a guide to Milan's top museums and galleries for art-loving visitors during the three-week games. Highlights include exhibitions at Fondazione Prada (with works by Mona Hatoum and Hito Steyerl), Pirelli HangarBicocca (Nan Goldin's "This Will Not End Well" and Benni Bosetto's "Rebecca"), Pinacoteca di Brera (Italian masterpieces plus Giorgio Armani garments), and Museo del Novecento (sports-themed posters by Armando Testa). Several commercial galleries also feature solo shows by artists such as Emily Sunblad, Claudia Losi, and Jonathan Lyndon Chase.

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Ai Weiwei has recreated Claude Monet's monumental triptych "Water Lilies" (1914–26) using 650,000 Lego bricks in 22 colors, spanning nearly 50 feet. The work, titled "Water Lilies #1" (2022), is now on display at the Design Museum in London ahead of a major survey exhibition opening April 7. Ai added a personal touch by inserting a "dark portal" referencing the underground dugout he shared with his father during his family's exile to Xinjiang in the 1960s. The show also includes "Untitled (Lego Incident)", a work made from Lego bricks sent by fans after Ai's Instagram post about Lego temporarily restricting his bulk orders for political artworks.

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The article describes a weekend stay at the Hotel Cipriani, a Belmond hotel in Venice, highlighting its role as a luxurious oasis amid the city's cultural offerings. It details visits to the Peggy Guggenheim Collection, including the exhibition "Manu-Facture: The Ceramics of Lucio Fontana," and the Gallerie dell'Accademia, while focusing on the hotel's upcoming redesign by architect Peter Marino, set to debut in 2025 with new suites and a lobby. The hotel's art program, including past collaborations like Daniel Buren's pavilion and future activations tied to the 2026 Venice Biennale, is also emphasized.

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This week's art industry roundup covers major developments across art fairs, auction houses, and galleries. Ahead of Art Basel in Basel, Artnet's Editor-in-Chief Naomi Rea investigates how the trade lost control of the pricing narrative amid a market breakdown. The Armory Show announces its 2025 edition with over 230 galleries and new curated sections, while Frieze will open a gallery space in Seoul. Sotheby's London will auction Pauline Karpidas's collection estimated at over $81 million, and a rare Rodin marble sold for $1.2 million. Caroline Lang steps down as chair of Sotheby's in Switzerland after four decades. Gallerist Kamel Mennour donates 180 works to Paris's Musée d'Art Moderne, and Marian Goodman Gallery now represents the estate of Ana Mendieta.

In Venice, 22 unmissable exhibitions on the sidelines of the biennial

À Venise, 22 expositions incontournables en marge de la biennale

The article highlights 22 must-see exhibitions happening alongside the 61st Venice Biennale, which is expected to be affected by geopolitical tensions but still promises artistic vibrancy. Notable events include Bvlgari's dual projects featuring artists Lotus L. Kang, Lara Favaretto, and Monia Ben Hamouda; the unveiling of the Asscher collection at the Ama Venezia foundation with works by Charles Ray, Jenny Saville, and Richard Serra; and the inaugural exhibition "The Only True Protest Is Beauty" at the Fondation Dries Van Noten, showcasing 200 objects across fashion, design, and art. Other highlights include a dialogue between Picasso, Morandi, and Parmiggiani at the Fondazione Bevilacqua La Masa.

5 Trends Shaping the 2026 Venice Biennale

The 2026 Venice Biennale has opened to the public, featuring the main exhibition 'In Minor Keys' conceived by the late Cameroonian Swiss curator Koyo Kouoh, who died unexpectedly in May 2025. Kouoh, the first African woman appointed to lead the Biennale, had her curatorial team—including Rasha Salti, Marie Hélène Pereira, and Gabe Beckhurst Feijoo—carry forward her vision of art as a 'shared and sustaining force.' The opening was weighted with politics and emotion.

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Abu Dhabi Art Fair returns for its 17th edition from November 19–23 on Saadiyat Island, featuring 140 galleries from 35 countries—up from 104 last year and 40 in 2009. Under director Dyala Nusseibeh, the fair introduces new thematic sectors including 'The Collectors Salon' for historical objects, an expanded 'Emerge' section for works under $3,000, and a Global Focus highlighting modern masters from Nigeria and Türkiye. The growth reflects Abu Dhabi's broader cultural strategy of ambitious development, with museums long in the works finally opening and attracting global attention.

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The Armory Show has announced its 2025 exhibitor list, featuring over 230 galleries set to participate in the fair from September 5–7 at the Javits Center in New York, with a VIP preview on September 4. This edition marks the first under new director Kyla McMillan, who has introduced a revised floor plan, a new section called Function organized by dealer Ebony L. Haynes, and a reconfiguration of the large-scale works Platform section led by Souls Grown Deep. More than 20 exhibitors are returning after a hiatus, including White Cube and Andrew Kreps, while 55 galleries are participating for the first time, such as Skarstedt and Megan Mulrooney.

Art Paris 2026: 10 Booths for Great Discoveries

Art Paris 2026 : 10 stands pour faire de belles découvertes

The 28th edition of Art Paris has opened at the Grand Palais, marked by a vibrant and optimistic atmosphere. The fair features a diverse array of works ranging from Fabrice Hyber’s monumental inflatable bears at the entrance to a curated selection of contemporary ceramics, textiles, and innovative paintings. A central highlight is the "Reparation" thematic itinerary curated by Alexia Fabre, which connects various artists through the concept of healing and transformation.

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British aristocrat Charles March, the Duke of Richmond, opened a new exhibition of minimalist abstract photographs titled “Sandscript” at London’s Hamiltons Gallery on November 4. The show runs through January 16 and draws inspiration from Chinese ink painting. March, also a vintage car enthusiast and founder of the Goodwood Festival of Speed, has worked as a documentary and advertising photographer for five decades, beginning as an apprentice to Stanley Kubrick on the set of *Barry Lyndon*. Proceeds from the exhibition will benefit the King’s Trust International’s Generation Potential campaign.

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The Louvre was forced to close on Sunday after a daylight heist of jewelry that Napoleon III had given to his wife, Eugenie, an operation that took under 10 minutes. The incident has highlighted ongoing issues at the world's most-visited museum, including understaffing and a shortage of surveillance cameras, with commentators linking the problems to French political turmoil. Meanwhile, the fourth edition of Art Basel Paris is set to open at the Grand Palais, featuring 206 galleries (63 with locations in France), serving as the centerpiece of a packed Paris Art Week with exhibitions, public programs, and gallery events.

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Steve Wilson, founder of 21c Museum Hotels, and his wife Laura Lee Brown share their eclectic art collection in a CULTURED interview. Wilson recounts his early start in collecting with a Picasso poster bought as a college freshman after a discouraging art teacher, and how he and Brown now live with over 100 works in their Kentucky home, including provocative pieces like Kendell Geers’s champagne glasses cast from the artist’s erect penis. The couple’s collection also spans works by Kehinde Wiley, David Hockney, Andy Warhol, and many others, displayed salon-style across their residence.

Joan Mitchell becomes most expensive female artist at auction in Asia with US$17.6m Sotheby's sale

Joan Mitchell’s diptych "La Grande Vallée VII" sold for HK$137 million (US$17.6 million) at Sotheby’s Hong Kong, setting a new record for the most expensive work by a female artist ever sold at auction in Asia. The 1983 masterpiece, part of a celebrated 21-painting cycle dedicated to a grieving friend, led a successful Modern and Contemporary Evening Auction that saw a 100% sell-through rate for its 54 lots. Other notable results included a Mark Rothko canvas that more than doubled its low estimate and significant sales for works by Sanyu and Zao Wou-Ki.

The 14 Best Art Museum Exhibits in the World in 2026

PaperCity tapped Elaine de Kooning House founder Chris Byrne to curate a list of the 14 best art museum exhibitions worldwide in 2026. Highlights include a major Marcel Duchamp retrospective at MoMA—the first North American survey in over 50 years—featuring nearly 300 works, and Raphael's first comprehensive U.S. exhibition at The Met, titled 'Raphael: Sublime Poetry,' with 200 drawings, paintings, and tapestries. Other notable shows include 'The Shakers: A World in the Making' at ICA Philadelphia and a Guerrilla Girls exhibition at the Getty Center in Los Angeles.

9 Must-See Shows at Paris Gallery Weekend 2025

Paris Gallery Weekend 2025 takes place May 23–25 across 74 galleries in the capital, featuring vernissages, performances, exhibition walkthroughs, and artist talks. Now in its second decade, the event was founded to spotlight Paris’s contemporary art scene and offers a counterpoint to the art fair circuit. Highlights include Sophie Calle’s "SÉANCE DE RATTRAPAGE" at Perrotin, where she revisits unfinished projects from her 2023 Picasso Museum exhibition, and major institutional shows like the David Hockney retrospective at Fondation Louis Vuitton and "Corps et âmes" at Bourse de Commerce. The weekend also includes a new Agnès Varda exhibition at Musée Carnavalet linking her photography to her Montparnasse atelier.

Behind every great artist... there is a great gallery. A look at the 2026 Venice Biennale

Dietro ogni grande artista… c’è una grande galleria. Un punto sulla Biennale Arte 2026

The 61st Venice Biennale, titled "In Minor Keys" (May 9 – November 22, 2026), features over 90% living artists, a significant shift from recent editions focused on historical rediscoveries. Curated by the late Koyo Kouoh (1967–2025), the first African woman to lead the Biennale, the exhibition includes 111 artists, with a majority of women (64 vs. 48 men) and the highest percentage of African-born artists ever (20%). Notable participants include Nick Cave, Carsten Höller, Alfredo Jaar, and Kader Attia, with a focus on mid-career and established figures rather than emerging or deceased artists.

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Zona Maco, one of Latin America's premier art fairs, will return to Mexico City from February 4–8, 2026, at Centro Banamex. The fair will feature 241 exhibitors across nine sections, including a new section called Forma, which blends contemporary art and design, and a revised Diseño Emergente section for emerging designers. Notable participants include Pace Gallery, Galleria Continua, Kurimanzutto, and OMR, with curated sections led by Aimé Iglesias Lukin and Manuela Moscoso. Founder Zélika García highlighted the fair's growth and its commitment to showcasing blue-chip galleries alongside emerging and mid-career talent.

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French artist JR is presenting two solo exhibitions in China: “La Vie en Mouvement” at Perrotin Shanghai and “Kaleidoscope” at Galleria Continua in Beijing. The shows feature works from the past two decades, including photographs of ballerinas in unexpected urban settings and an installation that appears to crack open the gallery wall to reveal a Summer Palace pavilion. In an interview, JR discussed how architecture shapes his images, his resistance to being labeled an activist, and his reflections on past projects in Shanghai’s now-vanished shantytowns.