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.

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Marian Goodman, the revered art dealer known for her steadfast commitment to artists and resistance to market trends, died at 97 in a Los Angeles hospital. She opened her eponymous gallery in 1977 in Midtown Manhattan with a show of Marcel Broodthaers, and over five decades represented major figures including Gerhard Richter, Julie Mehretu, William Kentridge, and Steve McQueen. Goodman began her career by founding Multiples in 1965 to publish affordable editions, and she famously kept her gallery on 57th Street while peers moved to SoHo and Chelsea.

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Artnet News editors and writers compiled a list of the worst art of 2025, calling out works they found lazy, cynical, overhyped, or ethically dubious. Highlights include Flora Yukhnovich's site-specific painting installation at the Frick Collection, which critics deemed middling and out of place among the museum's historic masterpieces; Jeff Koons's eight-foot-tall Hulk (Tubas) sculpture, sold for $3 million at Frieze New York and described as an obnoxious trophy piece; and actor Adrien Brody's interactive gum wall installation, which invited visitors to stick chewed gum onto a canvas.

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Frieze New York 2025 is set to take place at the Shed in Manhattan, bringing together over 65 contemporary art galleries from more than 25 countries. The fair coincides with major institutional shows at the Guggenheim, Whitney Museum, and the Metropolitan Museum of Art, as well as the recent reopening of the Frick Collection after a $220 million renovation. Notable galleries include Gagosian, Hauser & Wirth, Pace, and David Zwirner, alongside international dealers like Goodman Gallery and Kurimanzutto. The Focus section, curated by Lumi Tan, features 12 young galleries. On the eve of the fair, Frieze itself was sold by Endeavor to former CEO Ari Emanuel for a reported $200 million.

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Robert Mnuchin, an investment banker turned prominent art dealer, died at 92 in Bridgewater, Connecticut. After a 33-year career at Goldman Sachs, he opened C&M Arts in 1992, later partnering with Dominique Lévy to form L&M Arts, and eventually running Mnuchin Gallery. He represented major artists like Willem de Kooning, Andy Warhol, and Mark Rothko, and advised billionaires including Steve A. Cohen and Mitchell Rales. Notably, in 2019 he secured Jeff Koons's sculpture *Rabbit* (1986) for Cohen at Christie's for $91 million, a record for a living artist at auction.

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Marian Goodman, the legendary art dealer known for her lifelong commitment to artists and resistance to market trends, died on Thursday in a Los Angeles hospital at age 97. She opened Marian Goodman Gallery in Midtown Manhattan in 1977 at age 49, launching with an exhibition of Marcel Broodthaers. Over five decades, she championed European artists under-recognized in the US, including Gerhard Richter, Steve McQueen, Julie Mehretu, and William Kentridge. Separately, the Louvre closed again due to a strike, the fourth closure since mid-December, while the Minneapolis Institute of Art remained closed amid ICE protests and unrest following the killing of ICU nurse Alex Pretti. Scotland is considering a government-funded basic income for artists, following Ireland's permanent scheme.

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The article reflects on the final 2025 edition of the Museum Artists list, which tracks the most exhibited artists in U.S. museums each quarter. The author notes that the top artists—such as Marie Watt, Jeffrey Gibson, and Rose B. Simpson—have remained consistent throughout the year, with a narrow band of stars appearing in many shows while a long tail of artists have limited visibility. Below the top 15, notable names include Julie Mehretu, Wangechi Mutu, and Jean Shin, with a cluster of older white female artists like Petah Coyne and Joyce Kozloff also gaining recognition.

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Sotheby's London modern and contemporary evening sale brought in $85.7 million, down from $105 million last year, with highlights including a $10 million Tamara de Lempicka and a record $9.6 million auction result for Jenny Saville's drawing 'Mirror'. In other market news, a crowdfunding campaign raised over £100,000 to help Bristol Museum acquire a rediscovered J.M.W. Turner painting, and a Tiffany Studio window sold for $4.2 million at Christie's. Galleries announced new representation deals: James Cohan now represents Ranti Bam, Maruani Mercier represents Kate Gottgens, and Yancey Richardson represents Karen Gunderson; Ronchini gallery is moving to a new Mayfair location. Tate launched a £150 million endowment fund, the Louvre announced an international architectural competition to address overcrowding, the Uffizi imposed selfie restrictions after a tourist damaged a painting, the Cleveland Museum of Art acquired a rare Giambologna marble, and Italy's culture minister pledged support for the return of the Parthenon Marbles to Greece.

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Leonard A. Lauder, the billionaire art collector, philanthropist, and cosmetics magnate, has died at age 92. Lauder helped grow his mother Estée Lauder's namesake business into a global cosmetics empire, serving as president, CEO, and chairman. He was also one of the most significant art philanthropists of his era, donating a Cubist art collection valued at over $1 billion—including 78 works by Picasso, Braque, Léger, and Gris—to the Metropolitan Museum of Art in 2014, later expanded with additional works and funding for the Leonard A. Lauder Research Center for Modern Art. He also made the largest gift in Whitney Museum history in 2008, worth $131 million, and amassed a collection of 130,000 historic postcards promised to the Museum of Fine Arts, Boston.

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

Contemporary Art Market Declines For Fourth Straight Year, as Old Masters and Impressionist Works Rebound: Art Basel UBS Report

The contemporary art market has declined for the fourth consecutive year, with auction sales for postwar and contemporary works falling to $4.5 billion in 2025 from a peak of $8.5 billion in 2021. Simultaneously, the market has seen a significant rebound in more established categories, with auction sales of Impressionist and Post-Impressionist works rising 47% and Old Masters climbing 30% last year.

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Art Basel has launched its first edition in Doha, Qatar, with a deliberately small and tightly controlled format. The fair features only 87 galleries, all required to mount solo presentations, with strict limits on booth size, power sources, and rehanging of works. This creates a slower, calmer atmosphere distinct from its larger, more chaotic sister fairs in Miami and Paris.

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Bolding Gallery, co-directed by Esme Blair and Sam Lincoln, has carved a niche in London's art scene over the past nine months by staging exhibitions in overlooked architectural spaces. Since its launch in December 2024, the gallery has held nine shows across two venues, featuring 15 artists and prioritizing experimental performance and research-driven practices. Meanwhile, Artnet reports optimism for art fairs in Japan and South Korea, noting that Japan's art auction sales declined only 19% in 2024 to $149.8 million—better than the global 27.3% drop—with a 73.9% sell-through rate, the highest in a decade. Rising artist Yu Nishimura saw his auction total surge from $272,264 to over $2.25 million in 2025.

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The article reports on a generational shift in the art world, with younger gallerists (millennials and Gen Z) redefining success away from the traditional empire-building model. It highlights the recent closures of Venus Over Manhattan and Tim Blum's gallery, but notes that emerging dealers like Bridget Donahue and Matthew Brown are prioritizing collaboration, transparency, and a sustainable pace—attending fewer art fairs and building tight-knit communities rather than large client bases. Separately, the article covers Hauser & Wirth's announcement of a new gallery in Palo Alto, California, set to open in spring 2026, marking the mega-gallery's first Bay Area location and its third in California.

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Christian Marclay's latest supercut film, "Doors," is now on view at the Brooklyn Museum after stops in Boston and Europe. The 50-minute looped video compiles scenes of famous actors opening and closing doors from various movies, following the success of Marclay's 2011 hit "The Clock," a 24-hour video-clock that synchronizes on-screen timepieces with the viewer's actual time. The article critiques "Doors" as a less profound, more self-obsessed work that lacks the emotional resonance of its predecessor.

Whitney Biennial Trends, a New Baroque Art Star, and Banksy Unmasked

The Art Angle podcast, hosted by Ben Davis and Kate Brown with guest Eileen Kinsella, recapped major art stories from March 2026. The discussion centered on three key developments: the opening of the 2026 Whitney Biennial, the rising art historical prominence of 17th-century Flemish painter Michaelina Wautier, and a new investigation claiming to have definitively unmasked the identity of the anonymous street artist Banksy.

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The article, part of Artnet's Intelligence Report, profiles the rise of a new generation of art collectors, exemplified by Justine Freeman, granddaughter of legendary patron Betty Freeman. It highlights how millennials and Gen Z, who accounted for a quarter to a third of bidders at major auction houses in 2024, are reshaping the market by focusing on ultra-contemporary artists like Jadé Fadojutimi and Hilary Pecis, as well as nontraditional collectibles such as sneakers and Hermès bags. Notable sales include Maurizio Cattelan's banana artwork "Comedian" for $6.2 million to a 34-year-old crypto entrepreneur.

How a Louise Bourgeois Print Inspired Eden Xu-Martinez’s Intimate Collection

Eden Xu-Martinez, a collector and art administration professional, has built a personal collection centered on the accessibility and intimacy of prints. Her journey into collecting was catalyzed by a lithography course at Columbia University and a profound encounter with a Louise Bourgeois print, which shifted her perspective on the medium from mere reproduction to a deeply personal form of artistic expression.

Montclair Art Museum Hires Esteemed Curator Kate Kraczon After Layoffs at Brown University

The Montclair Art Museum in New Jersey has appointed Kate Kraczon as its new chief curator, effective June 15. Kraczon previously served as director of exhibitions and chief curator at the David Winton Bell Gallery at Brown University, where she was laid off in late 2024 amid a wave of cuts. She succeeds Gail Stavitsky, who held the post since 1994. The museum also recently hired Todd Caissie, an enrolled member of the Osage Nation and former director of Canada’s New Brunswick Internment Camp Museum, as its director.

Anna Zemánková Estate Joins Gladstone Gallery, Sándra Vasquez de la Horra Joins Tanya Bonakdar Gallery, and More: Industry Moves for April 29, 2026

The article reports a series of industry moves in the art world as of April 29, 2026. Key developments include Gladstone Gallery taking on the estate of Anna Zemánková, Sándra Vasquez de la Horra joining Tanya Bonakdar Gallery, Elijah Wheat Showroom opening a new location in Beacon, New York, and Mariane Ibrahim now representing Leasho Johnson. Additionally, Denniston Hill launches its 2026 residency season with 30 artists, the Minneapolis Institute of Art receives restoration funding from TEFAF, Charlie White is appointed dean of the Sam Fox School, and Jesús Hilario-Reyes and Tichacoco are named inaugural recipients of the Clemente Center’s Van Lier Fellowship. The article also notes a whistleblower claim of $3 million missing from the Palm Springs Art Museum’s investment account, and a New York Times essay by Robin Givhan on Derrick Adams.

A Smaller Art Brussels Represents a Shift in the Fair Ecosystem Toward a ‘Quality-First’ Approach

Art Brussels, now in its 42nd edition (April 23–26), has downsized from 164 to 138 participating galleries, a 15% reduction that allows the fair to fit entirely within one hall of Brussels Expo. Director Nele Verhaeren openly acknowledged the shift, framing it as a deliberate move toward a 'quality-first' approach that prioritizes visitor experience over sheer scale. The fair introduces a new section called Horizons, curated by Devrim Bayar of the upcoming Kanal-Pompidou museum, featuring seven large-scale works in the freed-up space. Dealers like Xavier Hufkens and Nadja Vilenne support the strategy, noting that galleries must now carefully choose which fairs to attend amid rising costs and geopolitical tensions.

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.

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This article from ARTnews reports on recent industry moves in the art world, including gallery roster additions and appointments. Jack Shainman Gallery added Brooklyn-based interdisciplinary artist Donyel Ivy-Royal, Esther Schipper now represents Tuan Andrew Nguyen in collaboration with James Cohan, Emalin took on Ghanaian artist Jonathan Okoronkwo, and Victoria Miro and Olney Gleason will jointly represent Emil Sands. Additionally, the Bass Museum of Art appointed Jasa McKenzie as associate curator. The piece also highlights a record-breaking $84.1 million sale of William I. Koch's Western art collection at Christie's, which set five new artist records, including Frederic Remington's reset twice.

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New York City Mayor-elect Zohran Mamdani declared in a New York Times interview that the city's best museum is its subway system, citing the public artworks by artists like Vito Acconci, Nick Cave, Yoko Ono, Faith Ringgold, and Jeffrey Gibson that are accessible to all riders. He praised the MTA for making art available regardless of income, while also expressing interest in visiting the Museum of the Moving Image in Astoria, Queens, and crediting his wife, illustrator Rama Duwaji, for expanding his appreciation of art beyond formal settings.

Who is Alma Allen, US Pavilion Artist for the 2026 Venice Biennale?

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The US Department of State has confirmed that sculptor Alma Allen will represent the United States at the 2026 Venice Biennale. Allen, a Utah-born, Mexico-based artist known for abstract biomorphic sculptures, was selected after a fraught selection cycle that included updated guidelines requiring proposals to promote American values. He was approached directly by curator Jeffrey Uslip, who will organize the US pavilion, and accepted the offer despite reportedly being advised against it by his former galleries Mendes Wood DM and Olney Gleason, which subsequently cut ties with him.

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The Los Angeles County Museum of Art (LACMA) held its 14th annual Art+Film Gala on November 1, drawing nearly 600 celebrities from art, film, fashion, and entertainment. The event honored artist Mary Corse and filmmaker Ryan Coogler, featured a performance by Doja Cat, and set a new fundraising record of nearly $6.5 million to support LACMA's integration of film into its curatorial programs. Separately, climate activist Timothy Martin received an 18-month prison sentence for smearing paint on a Degas sculpture case at the National Gallery of Art in Washington, D.C., in 2023—a punishment critics called disproportionate. Other news includes the permanent installation of Gaetano Pesce's final public artwork in Boston, Antony Gormley's new installation in South Korea, and a report on shifting fortunes in the Islamic art market, where a rare Safavid carpet failed to sell at Christie's London.

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The Institute of Contemporary Art San Francisco (ICA SF) will leave its current home at The Cube in December 2025 to adopt a fully nomadic, citywide model, presenting exhibitions and programs at various sites across the Bay Area starting in early 2026. Its final shows at The Cube are solo exhibitions for Masako Miki and David Antonio Cruz, on view through December 7. The museum has already secured support from the Office of the Mayor of San Francisco and lined up programs for the next year, including exhibitions at the Transamerica Pyramid Center featuring Tara Donovan and Lily Kwong, and a two-person show for Dominique Fung and Heidi Lau at Pier 24 in 2026, with a partnership planned for 2027.

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Mathieu Borysevicz, founder of Shanghai's Bank gallery, launched a six-month pop-up on New York's Lower East Side earlier this year, aiming to introduce his program to new audiences amid growing Asian art interest in the city. By mid-summer, however, Borysevicz observed a sharp market downturn as collectors withdrew, reflecting a broader trend of gallery closures, lawsuits, and fair cancellations that have marked a turbulent period for the art world.

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Sara Nadal-Melsió, the former associate director of the Whitney Museum's Independent Study Program (ISP), has spoken out about her termination in June 2025, which occurred shortly after the museum's director Scott Rothkopf announced a suspension of the 50-year-old program. In an essay published in Hyperallergic, Nadal-Melsió describes her dismissal as retaliation for her public protest against the Whitney's cancellation of a pro-Palestinian performance titled "No Aesthetic Outside My Freedom: Mourning, Militancy, and Performance." She characterizes the museum's actions as part of a broader pattern of institutional obfuscation, corporate culture, and disregard for workers' rights.

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The second edition of the Aspen Art Fair returns to the historic Hotel Jerome from July 29 to August 2, marking the launch of Aspen Art Week. The fair has more than doubled its exhibitor count from 21 to 44 galleries across 15 countries, including newcomers like Sean Kelly and Marianne Boesky, alongside international participants such as Praise Shadows, Anat Ebgi, the Sunday Painter, La Loma Projects, and 193 Gallery. Programming includes talks with artists Mickalene Thomas and Issy Wood, curated home tours, and a site-specific exhibition inspired by *A Room of One’s Own*. Cofounders Becca Hoffman and Bob Chase emphasize the fair's intimate, un-boothlike atmosphere, with in-room installations transforming guest suites into salon-style exhibitions.

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The article reports that despite the Trump administration's efforts to eliminate federal funding for cultural agencies like the NEA, NEH, and IMLS, many US states have continued to support their arts and humanities agencies, though at reduced levels. According to the National Assembly of State Arts Agencies (NASAA), states and territories allocated nearly $650 million to these agencies in fiscal year 2026, a 7.4% drop from 2025. While 29 states increased arts funding, others saw significant cuts: New Hampshire reduced its arts funding by 90% due to a revenue shortfall, while California, Missouri, Kansas, and Hawaii also experienced notable reductions. Conversely, Florida, North Dakota, Connecticut, and Oregon increased their arts appropriations, helping to offset overall losses. Per capita, Minnesota leads arts funding at $7.85, while New Hampshire, Georgia, and Wisconsin allocate less than $0.20.