ken griffin global recession iran strait of hormuz 1234781281

Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.

Saudis Renege on Met Opera Financial Aid, Berlin’s Culture Senator Resigns, and More: Morning Links for April 24, 2026

The Metropolitan Opera has announced that Saudi Arabia reneged on a noncommittal memorandum of understanding that would have provided up to $200 million over eight years to the cash-strapped New York institution. Met general manager Peter Gelb said the Saudis blamed the war in Iran and the blocked Strait of Hormuz, but funding had already failed to materialize before the conflict, prompting preemptive layoffs in January. Separately, Berlin culture senator Sarah Wedl-Wilson resigned after a state audit found she illegally authorized €2.6 million for 13 projects meant to combat antisemitism, violating budget regulations. Other news includes President Trump's plan to renovate the Lincoln Memorial reflecting pool, Ontario increasing support for the Art Gallery of Ontario and Royal Ontario Museum, Rome's new photography museum, and the appointment of Thiago de Paula Souza as curator of the eighth Athens Biennale.

Artists, clowns, runaways: a stay at the Chelsea Hotel – in pictures

Photographer Albert Scopin has released a new book through Kerber Verlag documenting his residency at New York’s iconic Chelsea Hotel between 1969 and 1971. The collection features rare, intimate portraits of the hotel's legendary inhabitants, including a young Patti Smith and Robert Mapplethorpe before their rise to global fame, alongside long-time manager Stanley Bard and avant-garde figures like Vali Myers and Holly Woodlawn. Scopin’s lens captures the 'creative chaos' of the era, from the art-filled lobby to the eccentric private quarters of residents like composer George Kleinsinger.

BTS leader RM to unveil personal art collection at San Francisco Museum of Modern Art

RM, the leader of K-pop group BTS, will present his personal art collection at the San Francisco Museum of Modern Art (SFMOMA) in an exhibition titled "RM x SFMOMA," running from October 3 to February 7. The show features around 200 works from RM’s collection and SFMOMA’s holdings, many never before shown in the US, and is co-curated by RM, SFMOMA curatorial project manager America Castillo, and assistant curator Kim Hyo-eun. Key Korean artists in RM’s collection include Yun Hyong-keun, Park Rehyun, Kwon Ok-yon, Kim Yun-shin, To Sang-bong, and Chang Ucchin, while SFMOMA contributes works by Kim Whan-ki, Mark Rothko, Agnes Martin, Henri Matisse, Georgia O’Keeffe, and Paul Klee.

Ruth Leon recommends… Raphael: Sublime Poetry – Metropolitan Museum of Art

The Metropolitan Museum of Art has opened its major spring exhibition, "Raphael: Sublime Poetry," the first comprehensive survey of the artist in the United States. Curator Carmen Bambach, exhibition design manager Daniel Kershaw, and research associate Caroline Elenowitz-Hess guide a virtual tour of the show, which brings together over 170 masterpieces and rarely seen works spanning Raphael's career from Urbino to Florence and Rome.

Brandywine Museum of Art Collaborates with Maine Museums to Highlight Overlooked Wyeth Designer

The Brandywine Museum of Art is partnering with the Colby College Museum of Art and the Farnsworth Art Museum to launch a major exhibition series titled “By Design: The Worlds of Betsy James Wyeth.” Opening in June 2026, the multi-venue showcase highlights the creative legacy of Betsy James Wyeth, who was a prolific landscape designer, architectural restorer, and interior designer. The exhibition will feature archival materials and physical design elements that illustrate her profound influence on the environments that served as the primary subjects for her husband, Andrew Wyeth.

Two Maine museums will explore influence of a lesser-known Wyeth

The Farnsworth Art Museum, Colby College Museum of Art, and Brandywine Museum of Art are launching a collaborative exhibition titled "By Design: The Worlds of Betsy James Wyeth." This landmark show is the first to focus exclusively on the creative legacy of Betsy James Wyeth, the wife of Andrew Wyeth, highlighting her work as a designer of immersive environments and her role in restoring historic properties like the Olson House and Brinton’s Mill. The exhibitions will feature Andrew Wyeth’s paintings alongside Betsy’s archival materials, maps, and collected objects.

Directors Chosen by Internal Call Rather Than Competition: The Great Restoration of State Museums

Direttori scelti per interpello e non per concorso. La grande restaurazione dei musei statali

The Italian state museum system is undergoing a significant reversal of the landmark 2015 Franceschini reforms, which originally opened director positions to international competition and private-sector expertise. Recent appointments at major institutions like the Reggia di Caserta and the Gallerie dell’Accademia in Venice indicate a shift away from global searches toward internal ministerial assignments, effectively turning museum leadership back into a closed bureaucratic career path.

Brigitte Meese Dies at 96

Brigitte Meese stirbt mit 96 Jahren

Brigitte Meese, the mother, manager, and long-time artistic companion of German artist Jonathan Meese, has died at the age of 96. She was a formative figure in her son's artistic environment, providing organizational support for decades while also serving as his muse, model, and co-performer.

Light on the water

The Victoria Art Gallery in Bath has announced 'The Transience of Light,' the first posthumous exhibition dedicated to the celebrated British printmaker Norman Ackroyd CBE RA. Opening on May 22, the retrospective features over five decades of etchings, ranging from his early 1980s works to his final pieces. Co-curated by the gallery’s senior curator Nathalie Levi alongside Ackroyd’s family and studio manager, the show includes archival material and a diverse range of subjects including his iconic remote coastal landscapes, cityscapes, and interiors.

Ethical Managers Make Their Own Rules at Bodenrader

Bodenrader in Chicago is currently hosting a group exhibition titled "Ethical Managers Make Their Own Rules," featuring works by Jessica Diamond, Hélène Fauquet, and Jason Hirata. The exhibition, which runs from March 21 through May 2, 2026, presents a curated selection of contemporary works documented through an extensive digital archive of installation views.

GDR Women Without Filter

DDR-Frauen ohne Filter

The Kunsthaus Apolda in Thuringia is presenting a posthumous retrospective of Günter Rössler, the East German photographer who defined nude and fashion photography in the GDR, on what would have been his 100th birthday. The exhibition features 130 works spanning six decades, including fashion assignments, reportage from his travels abroad, and large-format black-and-white nudes. It is curated by his widow and estate manager Kirsten Schlegel, and complemented by an audio guide in which Rössler's models reflect on their collaboration with him.

Is Art Good for Your Health?

A new book titled 'Art Cure' by scientist Daisy Fancourt argues that engaging with the arts has significant, measurable benefits for both mental and physical health. The author, a professor of psychobiology and epidemiology, compiles extensive research to claim arts experiences can prevent suicides, help manage epidemics, increase life expectancy, reduce depression, aid trauma recovery, enhance neuroplasticity, and even encourage healthier eating habits.

Jobs in Art: Opportunities from Catania Academy of Fine Arts, MADRE Naples, Camera Austria, Teatro Maggio Musicale Fiorentino

Lavoro nell’arte: opportunità da Accademia Belle Arti Catania, MADRE Napoli, Camera Austria, Teatro Maggio Musicale Fiorentino

Several prominent Italian and international cultural institutions have launched open calls for professional roles, residencies, and artistic competitions. Key opportunities include the search for a new director at the MADRE Museum in Naples with a three-year contract, a social media manager position at the Teatro del Maggio Musicale Fiorentino, and various residency programs for photographers and designers at the Academy of Fine Arts in Catania and Camera Austria in Graz.

Meloni takes control of Italian museums

Meloni reprend en main les musées italiens

Italy’s culture ministry under Prime Minister Giorgia Meloni has appointed 14 new directors for so-called “second-tier” museums, reinforcing a shift away from the international “super-director” model introduced by the 2014 Franceschini reform. All appointees are Italian except for French director Axel Hémery, who was reappointed at the Pinacoteca di Siena due to his strong performance. The move follows the earlier ousting of foreign directors at top-tier museums, with only two foreign-born directors—Eike Schmidt and Gabriel Zuchtriegel—remaining, both of whom hold Italian citizenship.

U.S. Crowdfunds Its Venice Biennale Pavilion

The United States is crowdfunding its pavilion at the 61st Venice Biennale, which opens in ten days, due to the absence of major sponsors like the Ford Foundation and the Mellon Foundation. The pavilion, featuring sculptures by Alma Allen, is being organized by the American Arts Conservancy (AAC), which is soliciting donations through a campaign that has been live since at least November. The U.S. government contributes $375,000, but the installation costs significantly exceed that amount. Donors include Nevada-based Republican donors Jim and Aimee Battista, talent manager Tom Ierna, and actor Alex Pita. The AAC has not disclosed the campaign's fundraising goal, amount raised, or end date.

In Valcamonica il Parco archeologico di Luine ha chiuso e non si sa se e quando riaprirà: la storia

The Luine Archaeological Park in Valcamonica, Italy, closed on April 1, 2026, after the municipality of Darfo Boario Terme, led by Mayor Dario Colossi, failed to renew the management contract held by Zamenhof Art and ArchExperience. The park, which houses rock engravings dating back to the end of the Paleolithic period (about 13,000 years ago), is a UNESCO World Heritage site and a unique part of the Camunian park system. Weeks after the closure, the park remains in limbo with no clear reopening date, while multimedia installations and digital content created by the former managers are being removed. The story has received little media attention beyond local outlets.

Au Louvre, des directeurs de département entre responsabilités internes et rôle national

Maximilien Durand has been reappointed as head of the Department of Byzantine and Eastern Christian Arts at the Louvre Museum, a role that carries both internal museum responsibilities and national duties on behalf of the French state. Two decrees signed by Culture Minister Catherine Pégard formalize his renewal: one as head of the museum department, and another as head of the corresponding major heritage department, a status held by only nine of the Louvre's departments.

Masure Gallery Brings a Focused Lens to Local Fine Art Photography in Fort Worth

Masure Gallery of Photography has opened in Fort Worth, Texas, as the city's only gallery dedicated exclusively to fine art photography. Founded through a partnership between gallery manager Simone Fischer and the co-owners of Fort Worth Camera, Jeff and CJ Masure, the space transforms a former event room into a white-walled exhibition venue with gallery-quality lighting. The gallery launched with "RED – A Bold Photography Exhibition," selected from nearly 200 open-call submissions requiring the color red, and now represents six local photographers: Walt Burns, Brooks Burris, Caroline Hanson, Chris Ireland, Felix Schilling, and K.P. Wilska. The first solo show, "Modern Exposure" by Walt Burns, opens June 4.