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trending_up market schedule May 19, 2026 visibility 2 link 5 artists, 1 gallery

Art Lender Accuses Maddox Gallery of Inflating Value of Art Used as Collateral—’Bizarre and Irrational’ Claim, Says Gallery

Luxury Asset Capital (LAC) has filed a civil complaint in the US District Court for the Southern District of New York accusing Maddox Gallery of inflating the value of artworks used as collateral for loans. The dispute stems from a 2023 deal in which Maddox provided substitute collateral—works by Duncan McCormick and Albert Willem—in exchange for a George Condo painting previously held by LAC. LAC alleges that Maddox engaged in a "pump and dump" scheme, artificially bidding up auction prices for McCormick and Willem works to 10–15 times pre-sale estimates, then using those inflated values to justify trades. After the alleged bid-rigging stopped, auction prices fell, and LAC claims it is left with works worth only a fraction of what Maddox represented. Maddox Gallery co-founder Nick Sharp denies the claims as "bizarre and irrational," calling the lawsuit a baseless attempt to unwind a voluntary agreement.

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article local schedule May 18, 2026 visibility 5 link 1 artist, 1 gallery

Billionaire Collector Fred Eychaner Sued Over Chicago Museum Expansion

Billionaire philanthropist Fred Eychaner, founder of the private exhibition space Wrightwood 659 in Chicago's Lincoln Park neighborhood, is being sued by Lisa Berron, a condo owner who claims the museum's planned expansion will block natural light and skyline views from her top-floor home. Berron filed suit in Cook County Circuit Court in March, alleging that the expansion would rise above her roofline and sit just feet from her windows. Eychaner's team has already purchased two of the three units in her building and argues the project complies with existing zoning laws, while Berron reportedly rejected settlement offers and demanded nearly $4 million for her condo, which was appraised at around $1.2 million.

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museum exhibitions schedule May 19, 2026 source 2 sources visibility 1 link 7 artists

James McNeill Whistler was more than just a combative ‘coxcomb’

Carol Jacobi, curator of a new exhibition at Tate Britain in London, aims to reframe the legacy of James McNeill Whistler (1834-1903), an artist often reduced in public memory to his 1877 libel lawsuit against critic John Ruskin. The show, the UK's first full Whistler survey since 1994, highlights his prolific output, evolving style, and belief that art should seek "a more fundamental beauty" beyond mere impression. It brings together many of his celebrated nocturnes and, for the first time, his sketchbooks, though the infamous Nocturne in Black and Gold: The Falling Rocket (1875) could not be loaned.

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