Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

Shreg the green ogre, a grey obsessive and Vermeer’s boiled egg – the week in art

This week's art roundup from The Guardian highlights a range of exhibitions across the UK, including Bruce Asbestos's 'Bootleg Shreg 2' at Exeter Phoenix Gallery, a playful show featuring a green ogre that parodies copyright rules. Other notable shows include Roy Oxlade's primitive paintings at Alison Jacques, May Morris's craft legacy at Lady Lever Art Gallery, a 30-year anniversary group show at Timothy Taylor, and Alan Charlton's monochrome grey works at Annely Juda Fine Art. The article also features an image of a naturally sculpted rock on Kangaroo Island, a review of the Turner Prize nominees, and a masterwork analysis of Vermeer's 'The Guitar Player' at Kenwood House, which was stolen in the 1970s and recovered with the help of a clairvoyant.

Nominees for the Turner Prize 2026 announced by Tate

Tate Britain has announced the four nominees for the 2026 Turner Prize: Simeon Barclay, Kira Freije, Marguerite Humeau, and Tanoa Sasraku. The shortlist was revealed during a press conference broadcast online. An exhibition of their work will open at the Middlesbrough Institute of Modern Art (Mima) on 26 September, with the winner announced on 10 December. The winner receives £25,000, while each runner-up gets £10,000. The jury, chaired by Tate Britain director Alex Farquharson, praised the diverse range of work spanning installation, performance, and sculpture.

A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

Our Guide to New York Art Week 2026

New York Art Week 2026 brings a major convergence of art events across the city, including several prominent art fairs such as Frieze New York, Independent New York, TEFAF New York, and NADA New York. The week also features gallery openings spanning from Tribeca to the Upper East Side, as well as auction previews ahead of key sales at Sotheby’s, Christie’s, and Phillips.

Turner prize shortlist announced

The Turner Prize shortlist for 2026 has been announced, featuring four artists: Simeon Barclay, nominated for his spoken-word performance 'The Ruin'; Tanoa Sasraku, recognized for her solo exhibition 'Morale Patch' exploring the political history of oil; Kira Freije, shortlisted for her first major solo show 'Unspeak the Chorus'; and Marguerite Humeau, nominated for her exhibition 'Torches'. The shortlist was selected by a jury chaired by Alex Farquharson, director of Tate Britain, who praised the diverse range of work spanning installation, performance, and sculpture. An exhibition of the shortlisted artists will be held at Teesside University's Middlesbrough Institute of Modern Art (Mima) from September 2026 to March 2027, with the winner announced on December 10, 2026, receiving £25,000.

LA’s The Box Gallery to Close After 19 Years

The Box, a prominent Los Angeles gallery, announced it will close after 19 years, with its final exhibition—a two-venue collaboration with Parker Gallery for late California artist Wally Hedrick—ending April 4. The closure will be marked by a fashion show for Johanna Went on June 6. Founder Mara McCarthy cited a combination of factors, including changing economics around support for her father Paul McCarthy's work and the loss of her family's homes in the January 2025 Eaton fire, as making continued operation impossible.

Asian Artists Set the Stage at Independent Art Fair 2026

At the 17th edition of the Independent art fair in New York, six galleries are presenting solo booths dedicated to Asian artists, including a U.S. debut by Taiwanese artist Tseng Chien-Ying and works by Japanese painter Rika Minamitani and Chinese conceptual artist Pu Yingwei. Founder Elizabeth Dee highlights the trend as reflecting broader geopolitical shifts and artists' desire to engage with complex cultural debates in New York.

From Mother Mary to Foo Fighters: your complete entertainment guide to the week ahead

This article is a weekly entertainment guide from The Guardian, covering cinema, gigs, art, stage, streaming, games, albums, and brain food. In the art section, it highlights two exhibitions: "Handpicked: Painting Flowers from 1900 to Today" at Kettle's Yard in Cambridge, featuring artists like Henri Rousseau and Lubaina Himid; and a show of South African photographer George Hallett's work at the John Lennon School of Art and Design in Liverpool, documenting black resistance in 1970s Britain. It also mentions an open house for Lonnie Holley's new works at Edel Assanti gallery in London.

A Joan Mitchell diptych and a rare stack by Donald Judd: our pick of the May auctions

The Art Newspaper highlights five major lots from New York's May 2025 auctions. Phillips offers Joan Mitchell's diptych 'Plain' (1989), estimated at $5-7 million, from the collection of late Miami art patron Tina Hills. Christie's presents Donald Judd's rare copper and red Plexiglas 'Untitled (Stack)' (1969), estimated at $10-15 million, from the Minimalist collection of the late Henry S. McNeil Jr. Sotheby's leads with Jean-Michel Basquiat's 'Museum Security (Broadway Meltdown)' (1983), estimated above $45 million, and Mark Rothko's 'Brown and Blacks in Reds' (1957), estimated at $70-100 million from the collection of late dealer Robert Mnuchin.

The Turner Prize Has Revealed Its 2026 Nominees—and Already Courted Controversy

The Turner Prize has announced its 2026 nominees: Simon Barclay, Kira Freije, Marguerite Humeau, and Tanoa Sasraku. The award, administered by Tate Britain, includes a £25,000 prize for the winner. For the first time, the nominees' exhibition will be held at Teesside University's Middlesbrough Institute of Modern Art, an academic setting. The selection has already drawn criticism for being tame and safe, with Guardian critic Eddy Frankel describing the prize as "timid" and "fearful." Tate Britain director Alex Farquharson defended the nominees, praising the diversity and sculptural focus of their work.

Who is Yto Barrada, France's representative at the Venice Biennale with a world-spanning work?

Qui est Yto Barrada, représentante de la France à la Biennale de Venise avec une œuvre-monde ?

Yto Barrada, the artist representing France at the 2026 Venice Biennale, has created a multidisciplinary installation titled "Saturne" for the French Pavilion. The work centers on textiles and natural dyeing, weaving together themes of postcolonial history, migration, craft transmission, and the symbolism of Saturn—from its astronomical mystery to its mythological role as the devourer of children. The installation features wool curtains, Aubusson tapestry, goat skins, wasp-nest sculptures, masks, muzzles, a color chart, and video, all housed in a renovated pavilion designed with the help of numerous artisans. Barrada, born in Paris in 1971 and raised in Tangier, founded the Cinémathèque de Tanger and later The Mothership, a research center focused on textiles and natural dyes. The exhibition is curated by Myriam Ben Salah.

The Essential Works of Rirkrit Tiravanija

ArtAsiaPacific profiles Rirkrit Tiravanija, a pioneering figure in relational aesthetics known for participatory works centered on communal dining and shared rituals. The article traces his career from his first solo exhibition "untitled 1990 (pad thai)" at Paula Allen Gallery in New York, where he cooked and served pad thai to visitors, to his current major retrospective "The House That Jack Built" at Pirelli HangarBicocca in Milan, running through July 26. Tiravanija, born in Buenos Aires in 1961 and raised across multiple countries, has received numerous accolades including the Hugo Boss Prize (2004) and a nomination in the Established Artist category at the 2026 Art Basel Awards. He is also preparing to present a tent-like structure at the Qatari pavilion for the 2026 Venice Biennale, featuring contributions by Sophia Al-Maria, Tarek Atoui, Alia Farid, and Fadi Kattan.

Frieze New York marks 15th edition with expanded international reach

Frieze New York marks its 15th edition from 13-17 May at the Shed, featuring 68 galleries from over 25 countries. The fair includes 57 exhibitors in the main section and 11 in Focus, with nearly half maintaining a New York location. First-time participants include Europa, Sargent’s Daughters, Soft Opening, Ulrik, and W-galería. Latin American representation has grown significantly, with 14 galleries from the region, including Campeche from Mexico City, Isla Flotante from Buenos Aires, and Central from São Paulo. Christine Messineo, Frieze’s director of fairs for the Americas, highlights the fair’s increasingly international scope and the strong Brazilian contingent.

Artists made their mark at 2026 Met Gala

The 2026 Met Gala, held on May 4 at the Metropolitan Museum of Art, raised a record $42 million for the Costume Institute, surpassing last year's $31 million. Honorary chairs Jeff Bezos and Lauren Sanchez Bezos contributed at least $10 million, but their involvement sparked protests outside the event, with demonstrators holding signs like "Tax the Rich" and a group called Everyone Hates Elon leaving fake urine bottles labeled with Bezos's face. Inside, artists made a strong impression: Amy Sherald wore a Thom Browne look based on her painting; Jordan Roth donned a Robert Wun outfit inspired by a Met collection work; and Tschabalala Self collaborated with Brandon Blackwood on a gown evoking Degas's ballerina sculpture. The gala's dress code was "fashion is art," and the accompanying exhibition, "Costume Art" (May 10–January 10, 2027), debuts the Met's new 12,000-square-foot Condé M. Nast Galleries.

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.

Eyecatchers and Discoveries

Eyecatcher und Entdeckungen

The 42nd edition of Art Brussels has scaled down to 138 exhibitors from 165 in 2025, responding to a sluggish contemporary art market and economic uncertainty. The fair introduces a new section called 'Horizonte,' curated by Devrim Bayar of Kanal Centre Pompidou, featuring six large-scale installations including Pao Hui Kao's delicate paper-and-lacquer refuge and Oswald Oberhuber's €380,000 panoramic painting 'Paradiesgarten.' Galleries are now consolidated into one hall, with fewer blue-chip participants but a continued focus on living artists (95% of the 500 shown). Notable presentations include Xavier Hufkens' solo show of Cassi Namoda, Krinziger's works by Marina Abramović and Monica Bonvicini, and Richard Saltoun's historical mix of Fernand Khnopff, Everlyn Nicodemus, and Suzanne Van Damme.

What’s Gone Wrong in the Glasgow Art Scene?

Rachel Ashenden surveys the precarious state of Glasgow's visual arts scene in March 2026, following the liquidation and closure of the Centre for Contemporary Arts (CCA) after years of mismanagement, a winter shutdown in 2024, and a protest by Arts Workers for Palestine Scotland that led to arrests. She visits artists and organizers across the city, including Rae-Yen Song's exhibition at Tramway, which evolved from a research show at the now-closed CCA, and speaks with Transmission co-founder Alastair Strachan about the city's artist-led legacy.

Latin American galleries dominate at Frieze New York

Frieze New York 2025 features a surge of 14 Latin American galleries from Mexico, Argentina, and Brazil, reversing a trend of withdrawal seen during the first 100 days of Donald Trump’s second presidency. Non-profit support from organizations like Latitude, which helped all eight Brazilian exhibitors, and a concerted effort by Frieze’s Americas team have enabled this increased presence, despite ongoing challenges such as high shipping costs, tariffs, and visa denials—exemplified by Mexican artist Dr Lakra being unable to attend his own show at Kurimanzutto.

Meet the Woman Who Curated the Art on Miranda Priestly’s Walls

Fanny Pereire, an art advisor specializing in film and television, curates the art seen on the walls of fictional characters like Miranda Priestly in *The Devil Wears Prada 2*, Logan Roy in *Succession*, and Bobby Axelrod in *Billions*. She works as a fine art coordinator, sourcing reproductions and original works to match character personalities and socioeconomic status, often overseeing the destruction of replicas after filming. Her role, created by producer Scott Rudin in 1999, involves clearing copyrights for every artwork shown on screen, from children's drawings to high-end pieces by artists like Wayne Thiebaud and Alex Katz.

First Look: See What’s Inside the Met Gala’s “Costume Art” Exhibition

Vanity Fair art and style correspondents Nate Freeman and José Criales-Unzueta preview the Metropolitan Museum of Art's Costume Institute spring exhibition "Costume Art," which inaugurates the Condé M. Nast Galleries. The exhibition arrives amid controversy over the Met Gala being sponsored by Lauren Sánchez Bezos and Jeff Bezos, leading to boycott calls and New York Mayor Zohran Mamdani skipping the event. Despite this, Anna Wintour and Met director Max Hollein announced the gala raised a record $42 million. Head curator Andrew Bolton presents fashion as art, pairing garments with artworks like Warhol's Skull and Sarah Lucas's Nud Cycladic 9.

Zurich’s Galerie Philipp Zollinger Closes After 7 years

Galerie Philipp Zollinger in Zurich is closing after seven years, as announced by founder Philipp Zollinger on Instagram. Citing continued global instability and a lack of conditions necessary to sustain the gallery, Zollinger explained that despite his willingness to invest further, the market no longer supports growth. The gallery focused on Swiss and Scandinavian artists working in three-dimensional media, along with artists from Southeast Asia and the United States. Its final exhibition, a dual presentation of Renée Levi and Theo Eble, closed on April 18 at Galerie Mueller in Basel. The closure follows a previous move from a nomadic operation to a physical space on Rämistrasse, which shut in fall 2025 due to an unstable art market and shifting collecting trends.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

Hotel and art hub Casabianca opens on Italy's Lake Como

The De Santis family, accomplished hoteliers on Lake Como, has opened Casabianca, a new hotel and art hub in a 1930 villa designed by Piero Ponci. The property features three apartment-style suites launching later this year, while its lower floors are already open to the public for €15, displaying around 50 works from the family's collection of post-war Italian art, including pieces by Arte Povera artists such as Alighiero Boetti, Mario Merz, and Jannis Kounellis. The venture is the latest in a series of heritage hotel restorations by the family, who previously revived the Grand Hotel Tremezzo and Passalacqua.

Cosmic, concrete, earthy: Nancy Holt’s Land Art on show in UK

Nancy Holt (1938-2014), a pioneering land artist who studied biology at Tufts University, is the subject of her first major UK exhibition at the Goodwood Art Foundation in West Sussex. The show includes the first posthumous installation of *Hydra's Head*, an earthwork of six pools aligned with the Hydra constellation, originally sited on the Niagara River in 1974, and *Ventilation System* (1985-92), which extends from the gallery into the landscape. Curated by Ann Gallagher, the exhibition draws on Holt's archives and the Holt/Smithson Foundation, which preserves her legacy and that of her husband Robert Smithson.

Saudi Arabia Museum of Contemporary Art Gets $490 M. from Powerful Real Estate Firm

The forthcoming Saudi Arabia Museum of Contemporary Art has received a $490 million construction grant from Diriyah Company, a real estate firm chaired by Crown Prince Mohammed bin Salman. Designed by Dubai-based Godwin Austen Johnson, the museum will span 883,000 square feet—larger than the Louvre in Paris—and will be located in Diriyah, with additional exhibitions in Riyadh. The grant supports Saudi Arabia's Vision 2030 plan to diversify the economy away from oil.

Major Greek contemporary art non-profit Neon to close after 14 years

Neon, a major Greek contemporary art non-profit founded by businessman and patron Dimitris Daskalopoulos, is closing after 14 years, stating it has fulfilled its cultural and social mission. Between 2012 and 2026, the organization presented 44 exhibitions across museums, historical sites, and public spaces, commissioning 105 works by Greek and international artists. Notable projects include donating Antony Gormley's sculpture 'RULE II' (2019) to the island of Delos—the first contemporary work permanently installed at an ancient site—and funding the €1.4m renovation of the Lenorman Street Tobacco Factory in Athens into a cultural center. Neon will present its final exhibition, the third installment of 'Michael Rakowitz & Ancient Cultures,' later this year at the Old Acropolis Museum.

Harnessing the winds of societal change: how art dealers have been able to shape taste for centuries

Valentina Castellani, a former Gagosian director, has authored a new book titled *Trading Beauty: Art Market Histories from the Altar to the Gallery* (out 1 May). The book traces how art dealers have historically leveraged societal changes—political, economic, and social—to reshape taste and market structures. Castellani begins in the Middle Ages, when art was made only on commission for patrons like the Catholic church and monarchies, and moves through key shifts such as the Dutch Republic's first open art market in the 17th century, which gave rise to the professional art dealer. She highlights dealers like Paul Durand-Ruel, Joseph Duveen, and Leo Castelli who capitalized on anti-establishment energy, new wealth, and post-war consumer culture to bring avant-garde art to the forefront.

Recently restored castle in Norwich among five institutions shortlisted for UK's top museum prize

Five UK museums have been shortlisted for the 2026 Art Fund Museum of the Year prize. Norwich Castle Museum & Art Gallery, recently restored through a £27.5 million redevelopment, is nominated alongside the National Gallery in London, The Fitzwilliam Museum in Cambridge, The Box in Plymouth, and the V&A East Storehouse in London. The winner, to be announced on 25 June, will receive £120,000.

Our Critics Disagree on MoMA PS1’s Greater New York, a Wide-Ranging Survey Defined by a Fascination with Fragility

MoMA PS1 has launched the sixth edition of Greater New York, its signature quinquennial survey featuring 53 artists living and working across the city's five boroughs. Marking the institution’s 50th anniversary, this iteration was organized entirely by the museum’s internal curatorial staff rather than outside contributors. The exhibition moves away from the introspective, surrealist themes of the pandemic-era 2021 edition, focusing instead on the social fabric of the city and the systemic challenges facing its residents.