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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.

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.

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.

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.