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.

James Hayward, West Coast Painter with a Cult Following, Dies at 82

James Hayward, a West Coast painter known for his thickly applied monochrome abstractions, died on April 16 at the age of 82. His work, which developed a dedicated following among fellow artists, was characterized by a deliberate, eccentric process that set it apart from other minimalist painting of his era.

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The Museum Brandhorst in Munich has opened "Five Friends," a major exhibition exploring the interconnected creative and personal relationships among John Cage, Merce Cunningham, Jasper Johns, Robert Rauschenberg, and Cy Twombly. Spanning 180 works from the late 1940s through the 1970s, the show includes paintings, sculptures, costumes, musical scores, photographs, and letters, beginning with Cage's silent composition 4'33" and Rauschenberg's White Painting. It is the first exhibition to bring these five figures together, drawing on loans from Cologne's Museum Ludwig and U.S. institutions, and coincides with the centenary of Rauschenberg's birth.

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The Robert Rauschenberg Foundation is launching a global centenary celebration for the artist's 100th birthday, spanning 2025–2026. The program includes major exhibitions at seven institutions across five countries, such as "Five Friends" at Museum Brandhorst in Munich and Museum Ludwig in Cologne, photography shows at the Museum of the City of New York and Fundación Juan March in Madrid, and an exhibition at M+ in Hong Kong focusing on Rauschenberg's ROCI program. The foundation is also initiating grant-making initiatives to highlight Rauschenberg's legacy in art, technology, environmentalism, and social justice.

Robert Mnuchin’s Rothko Sells at Sotheby’s for $85.8 M., Narrowly Missing a Record

A Mark Rothko painting, *Brown and Blacks in Reds* (1957), formerly owned by the late influential art dealer Robert Mnuchin, sold at Sotheby’s on Thursday night for $85.8 million. The work hammered at $74 million, falling short of the upper end of its $70–$100 million estimate, but with premium fees it became the second-most expensive Rothko ever sold at auction, narrowly missing the artist’s record of $86.9 million set by *Orange, Red, Yellow* (1961) in 2012. The painting was part of a sale devoted to Mnuchin’s collection, which also included works by Willem de Kooning, Pablo Picasso, Franz Kline, and Jeff Koons.

Frank O’Hara’s Curatorial Eye

The article examines the largely overlooked curatorial work of poet Frank O'Hara during his tenure at the Museum of Modern Art in New York. It details his role in organizing significant exhibitions, championing emerging artists like Robert Rauschenberg and Jasper Johns, and his influential collaborations with artists such as Larry Rivers.

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Helen Frankenthaler, the pioneering Color Field painter known for her luminous, stain-soaked canvases, is the subject of a renewed wave of exhibitions. The Palazzo Strozzi in Florence and the Guggenheim Museum Bilbao recently hosted a major survey of her work, while the Museum of Modern Art in New York is currently presenting "Helen Frankenthaler: A Grand Sweep" in its atrium. Next year, the Kunstmuseum Basel will open the largest exhibition of her art in Europe to date, marking her first solo museum show in Switzerland. The article also recounts her biography—her privileged upbringing on the Upper East Side, her studies at the Dalton School and Bennington College, her relationships with Clement Greenberg and Robert Motherwell, and her invention of the soak-stain technique in 1952, which helped birth Color Field painting.

Expanded Vocabulary: Revisiting Deborah Kass’ Studio

The article recounts the author's visit to Deborah Kass's Brooklyn studio, which she shares with her wife, artist Patricia Cronin. The visit was prompted by logistical issues related to the author's exhibition "Social Minimalism" (2025). During the visit, the author and Kass revisited themes central to Kass's work over three decades: the exclusion of women from art history, Jewish identity, queer voice, lesbian subjectivity, and postwar American art. The conversation also touched on Kass's series including the Warhol Project, Feel Good Paintings, No Kidding, and the large painting/sculpture installation "Everybody" (2019), which was recently featured in a conversation between Kass and Titus Kaphar in Interview magazine.

artist jackie ferrara died by assisted suicide at 95 in switzerland 1234759313

Jackie Ferrara, a New York-based artist known for her stacked-wood sculptures, died by physician-assisted suicide in Basel, Switzerland, on October 22 at age 95. She told the New York Times she had fallen twice in the past year and did not want to be dependent on anyone. Assisted suicide is legal in Switzerland even for those who are not terminally ill.

‘An incredible instinct for contemporary art’: Doris Lockhart, the overlooked figure behind the Saatchi collection, has died aged 88

Doris Lockhart, the US-born art collector who played a pivotal role in shaping the Saatchi collection and championing contemporary art in the UK, has died at age 88. Alongside her then-husband Charles Saatchi, she helped introduce postwar American artists like Andy Warhol, Jasper Johns, and Robert Rauschenberg to British audiences, and was instrumental in recognizing the Young British Artists (YBAs) of the 1990s, including Damien Hirst and Gary Hume. After their divorce in 1990, Lockhart continued collecting independently, backing emerging talents and expanding her interests to architectural models and drawings.

The Art Gallery Doing Urban Regeneration South of Milan (After Doing It in New York)

La galleria d’arte che fa rigenerazione urbana a sud di Milano (dopo averla fatta a New York)

Scaramouche Gallery has opened a new space in Milan's Scalo Romana district, marking its third location after establishing itself in New York's Chelsea and Lower East Side neighborhoods. The gallery, founded by gallerist Daniele Ugolini, is part of a wave of cultural institutions, including Fondazione Prada and Fondazione ICA, driving the urban regeneration of this former agro-industrial zone near the 2026 Winter Olympic Village.

First UK Ken Price solo exhibition in nearly 10 years to open at Lisson.

Lisson Gallery, in collaboration with Matthew Marks Gallery, will present the first solo exhibition of Ken Price's work in the UK in nearly a decade. The show brings together sculptures and drawings, several shown in London for the first time, spanning the late American artist's five-decade career. Best known for expanding the possibilities of ceramics, Price created intimate yet monumental works that blend abstraction and figuration, with richly layered surfaces achieved through painstaking pigment and sanding processes. The exhibition includes iconic pieces such as 'Prone' (1997), 'Itself' (2003), 'Yin' (2009), and 'Amazon' (2003), alongside rarely seen works on paper that reveal his imaginative, dreamlike landscapes.

Mary Lovelace O’Neal, painter and activist, 1942–2026

Mary Lovelace O’Neal, the American painter, professor, and civil rights activist, has died at age 84. Born in Jackson, Mississippi, she was a co-founder of the Non-Violent Action Group while a student at Howard University, later earning an MFA from Columbia University. Known for monumental abstract works on soot-black surfaces, she developed her signature technique through the Lampblack series (1960s–70s) and continued evolving her practice through series such as Whales Fucking (1970s–80s) and Panthers In My Father’s Palace (1980s–90s). In 1985, she became the first African American woman to receive tenure in the Department of Art Practice at the University of California, Berkeley, where she taught for nearly three decades and served as chair from 1999 until her retirement in 2006.

Happy 100th Mirthday, Robert Rauschenberg

The New York Times celebrates the centennial of artist Robert Rauschenberg, born in 1925, reflecting on his groundbreaking career and enduring influence. The article highlights his innovative combines, which blurred the boundaries between painting and sculpture, and his collaborative spirit that reshaped postwar American art.

Art’s New Season Offers Rauschenberg and More Headliner Shows for Fall

The New York Times reports on the upcoming fall art season, highlighting major museum exhibitions headlined by Robert Rauschenberg and other prominent artists. The article previews a slate of high-profile shows scheduled across leading institutions, signaling a robust return to large-scale programming after quieter periods.