person Harrison Jacobs

The Met is Finally Treating Lee Krasner as Pollock’s Equal—Will the Market Follow?

The Metropolitan Museum of Art has announced a major upcoming exhibition titled "Krasner and Pollock: Past Continuous," which aims to present Lee Krasner and Jackson Pollock as artistic equals. While the museum's narrative seeks to reframe Krasner as a formidable figure of the New York School on her own terms, the art market continues to reflect a significant valuation gap. Pollock’s auction record stands at over $61 million, while Krasner’s peak public sale remains just under $12 million, highlighting the persistent commercial struggle for female Abstract Expressionists.

Former High Museum COO Pleads Not Guilty to Federal Theft Charges

Brady Lum, the former Chief Operating Officer of Atlanta’s High Museum of Art, has pleaded not guilty to federal charges involving the theft of approximately $600,000. Prosecutors allege that between 2019 and 2024, Lum manipulated financial records and altered invoices to fund personal luxuries, including high-end musical instruments and private lessons. The discrepancies were discovered during an internal investigation by the Woodruff Arts Center, leading to Lum's resignation in December and a subsequent referral to federal authorities.

2026 Guggenheim Fellowships Go to Sonya Clark, John Miller, and American Artist

The John Simon Guggenheim Memorial Foundation has announced its 101st class of fellows, awarding 223 scholars and artists across 55 disciplines for 2026. Selected from a pool of nearly 5,000 applicants, the new cohort includes prominent visual artists such as Sonya Clark, John Miller, American Artist, and Kota Ezawa. The fellowships provide significant financial grants to individuals who have demonstrated exceptional capacity for productive scholarship or exceptional creative ability in the arts.

The Long Legal Saga Between Artist Ryder Ripps and the Bored Ape Yacht Club Is Finally Over

Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), has reached a confidential settlement with artist Ryder Ripps and his partner Jeremy Cahen, ending a multi-year legal battle over trademark infringement and appropriation art. The dispute began in 2022 when Ripps launched his RR/BAYC NFT collection, which used identical imagery to the original Bored Apes to protest alleged racist and alt-right symbolism within the project. As part of the agreement, Ripps and Cahen are now under a permanent injunction preventing them from using any Yuga Labs trademarks or images.

Portland Museum of Art Buys New Building For $14 M., Freeing Up Space For Exhibitions

The Portland Museum of Art (PMA) has finalized a $14 million acquisition of a downtown building and two adjacent parking lots from MaineHealth. Located on Free Street next to the museum's current campus, the facility will house administrative offices, allowing the museum to convert existing office space into new public galleries.

Spain’s Culture Minister Rejects Guernica Transfer, but Basque Leaders Refuse to Take No for an Answer

Spain’s Culture Minister, Ernest Urtasun, has officially rejected a request from the Basque regional government to temporarily transfer Pablo Picasso’s iconic painting, Guernica, to the Guggenheim Museum Bilbao. Citing conservation reports from the Museo Reina Sofía, Urtasun argued that the 1937 masterpiece is too fragile to travel and that his primary duty is to preserve the work for future generations. Basque leaders, led by Lehendakari Imanol Pradales and Senator Igotz López, have challenged this decision, calling for an independent feasibility study and appealing directly to Prime Minister Pedro Sánchez.

Tokyo Architect Kengo Kuma Beats Out Renzo Piano and Selldorf to Design National Gallery’s £350 M. New Wing

The National Gallery in London has appointed Tokyo-based architect Kengo Kuma to design a new £350 million wing as part of its ambitious £750 million "Project Domani" expansion. Kuma, known for the V&A Dundee, beat out high-profile Pritzker Prize winners Renzo Piano and Norman Foster for the commission. The project involves the demolition of St. Vincent House to create 15,000 square feet of new exhibition space dedicated to 20th and 21st-century art, along with new pedestrian zones and a roof garden.

The New Museum’s ‘New Humans’ Reckons With Human-Machine Relations in the Workplace

The New Museum has inaugurated its recently renovated space with 'New Humans: Memories of the Future,' a sprawling exhibition featuring over 700 works across four floors. The show explores the historical and evolving relationship between humanity and labor, tracing the narrative from ancient Mesopotamian myths to the industrial age and the rise of robotics. Key sections like 'Mechanical Ballets' highlight how artists have historically responded to the dehumanization of the workforce through the lens of early 20th-century avant-garde movements.

German Provocateur Artist Sentenced to 8.5 Years in Prison in Russia After Mocking Putin

German carnival float artist Jacques Tilly has been sentenced in absentia to 8.5 years in a Russian prison. A Moscow court convicted him on charges of spreading false information about the Russian military and insulting religious feelings due to his satirical floats depicting President Vladimir Putin, including one showing Putin in a blood-filled bathtub painted like the Ukrainian flag.

A New Exhibition at the British Museum Dismantles the Popular Understanding of Samurai

The British Museum has opened a major exhibition titled 'Samurai,' which challenges the widespread, simplified portrayal of samurai as solely honor-bound, hyper-violent warriors. The show, curated by Rosina Buckland, presents them as a complex social class who were also bureaucrats, administrators, and cultural figures, emphasizing their roles during periods of peace and governance.

Art Dealer Larry Gagosian Recalls Rare Misstep With San Francisco Gallery: ‘Nobody Showed Up’

Larry Gagosian, the mega-dealer, has candidly discussed the failure of his San Francisco gallery, which operated from 2016 to 2021. He stated the gallery simply failed because "nobody showed up" to openings, describing the experience as depressing. The closure was part of a broader reflection on his career, prompted by the opening of a new Gagosian gallery on New York's Upper East Side.

Hong Kong Marquee Art Sales Total $164.9 M., Up 18 Percent From Equivalent 2025 Auctions

Christie's, Phillips, and Sotheby's spring marquee auctions in Hong Kong generated a combined $164.9 million, an 18% increase from the equivalent sales in spring 2025. The auctions, strategically timed to coincide with Art Basel Hong Kong, saw strong demand for trophy works, with Christie's leading the season at $83.8 million. Key sales included a Gerhard Richter painting for $11.77 million and a Sanyu work for $8.17 million, while Sotheby's sold a Joan Mitchell painting for $17.6 million, the season's top lot.

Picasso’s ‘Guernica’ Could Leave Madrid for the First Time in Over 30 Years

The Basque regional government has formally requested a temporary loan of Pablo Picasso's 'Guernica' from Madrid's Museo Reina Sofía to the Guggenheim Museum Bilbao for a period from October 2026 to June 2027. This would mark the painting's first movement since 1992 and is timed to coincide with the 90th anniversary of the bombing of Guernica. The request faces strong opposition from the Reina Sofía, which has released a conservation report stating the monumental canvas is too fragile to travel.

Guillaume Cerutti Out as President of Paris’s Pinault Collection After 13 Months

Guillaume Cerutti has stepped down from his position as President of the Pinault Collection in Paris after only thirteen months. The institution, founded by billionaire François Pinault, has stated it has no plans to replace him or appoint an interim president, signaling a potential restructuring of its leadership.

Guillaume Cerutti Departs Pinault Collection, Rediscovered Napoleon Hat on View, and More: Morning Links for March 27, 2026

Guillaume Cerutti has been dismissed from his role as president of the Pinault Collection, the vast private art collection of French billionaire François Pinault, after only 13 months in the position. The departure is sudden and unexplained, with the 89-year-old Pinault reportedly set to assume the duties himself. Separately, a long-forgotten bicorn hat belonging to Napoleon Bonaparte has been rediscovered in storage and will be displayed at the Musée Condé in France.

Hong Kong Signs Five-Year Agreement to Keep Hosting Art Basel Fair

Hong Kong has secured a new five-year agreement to remain the exclusive host city for Art Basel Hong Kong. The deal, announced by Culture Secretary Rosanna Law, commits to expanding the fair's scale and impact, with potential satellite events at the new Kai Tak Sports Park and a continued base at the Hong Kong Convention and Exhibition Centre.

At Art Basel Hong Kong, Blue-Chips Report Flurry of 7-Figure Deals, While Others Lament ‘Slower Than Usual’ Sales

Major galleries reported significant seven-figure sales on the opening day of Art Basel Hong Kong. Hauser & Wirth sold works by Louise Bourgeois and George Condo for millions, while David Zwirner sold paintings by Liu Ye and Marlene Dumas for $3.8 million each. Pace Gallery's CEO noted a renewed energy, and other blue-chip dealers like White Cube and Lehman Maupin also reported high-value transactions, particularly with Asian collectors and institutions.

Newly Authenticated Modigliani Heads to Sale at Art Basel Hong Kong via Pace with a $13.3 M. Price Tag

A newly authenticated painting by Amedeo Modigliani, "Jeune femme brune" (1917–18), is being offered for sale by Pace gallery at Art Basel Hong Kong with a price tag of €11.5 million ($13.3 million). The work, the highest-priced piece at the fair, was only recently included in art historian Marc Restellini's forthcoming Modigliani catalogue raisonné after decades of authentication disputes and legal battles.

Rashid Johnson Photographs Jay-Z for New GQ Cover Story

Rashid Johnson photographed Jay-Z for the cover of GQ's new special global issue, which features an extensive interview with the rapper and mogul. Johnson, a contemporary art star known for exploring Black male identity, was chosen for his artistic alignment with Jay-Z's career-long challenge of simplistic notions of Blackness in American culture.

James Murdoch and Art Basel’s Parent Company Are Working on a Big Ideas Festival to Launch in 2028

James and Kathryn Murdoch, through their respective organizations Lupa Systems and Futurific, are partnering with MCH Group, the parent company of Art Basel, to create a new major festival called the Futurific Institute. The event, set to launch in Basel, Switzerland in the summer of 2028, aims to be a cross-disciplinary gathering focused on art, culture, technology, and future-oriented problem-solving, drawing comparisons to world's fairs and events like TED Talks.

Art Dubai Postpones 2026 Fair Amid Iran War Fears

Art Dubai has postponed its 2026 fair from April to May 14–17, shifting to an "adapted format" at its usual venue, the Madinat Jumeirah resort. The fair, a cornerstone of the Middle Eastern art scene, will proceed with a more focused model, featuring galleries from over thirty-five countries but altering its financial structure, with participating galleries paying a percentage of sales instead of standard booth fees.

Praise Shadows’s New Sales Director and Para Site Names Executive Director: Industry Moves for March 18, 2026

Several key personnel changes occurred in the art world this week. Boston gallery Praise Shadows hired Rebecca Hayes as its new Sales Director, while Hong Kong's Para Site appointed curator James Taylor-Foster as its Executive Director. Concurrently, galleries Lehmann Maupin and Jessica Silverman announced a co-representation agreement for artist Guimi You, and London's Timothy Taylor gallery revealed it will close its New York outpost after ten years.

Wine and Spirits Sales at Sotheby’s Grew 12% Last Year to $127.5 M.

Sotheby's reported a 12% increase in its wine and spirits auction sales for 2025, reaching $127.5 million. The growth was driven by a surge in demand for rare and expensive whiskies, with a third of buyers being new to Sotheby's and over half under 50 years old. Key highlights included a record-setting $162,500 sale for a bottle of Old Rip Van Winkle bourbon and a successful charity auction partnership in Scotland.

Competition in the Auction Business’s Middle Market is Fierce, and Growing Fiercer

The auction industry's middle market, generally defined as lots valued below $1 million, is experiencing intense competition and shrinking profit margins. While this segment accounts for the vast majority of transactions and a significant share of auction house earnings, rising overhead and sellers demanding complex financial deals—like enhanced hammers and guarantees—are squeezing profitability. Regional and specialized auction houses are fiercely competing for business against each other and against third-party online platforms.

Court Decision Ends Dispute Over Who Actually Bought Beeple’s Everydays: The First 5000 Days for $69.3 M.

A federal judge in New York has approved a final settlement in a lawsuit between the two pseudonymous figures behind the record-breaking $69.3 million purchase of Beeple's NFT "Everydays: The First 5000 Days." The agreement legally prohibits Anand Venkateswaran (Twobadour) from claiming any involvement in the 2021 Christie's purchase, confirming that Vignesh Sundaresan (Metakovan) was the sole buyer. Venkateswaran must also pay an undisclosed sum, dissociate from related online profiles, and correct third-party biographical information.

In the Whitney Biennial, Artists Explore the Horrifying Boundary Between Human and Machine

The 2026 Whitney Biennial features artists using technology to explore themes of surveillance, data extraction, and the unsettling blur between human and machine. Works like Cooper Jacoby's AI-generated piece, which scrapes data from deceased individuals' social media, and Isabelle Frances McGuire's 3D-scanned witch figures, confront the ethical and existential implications of biometrics and digital quantification.

Why Did Trump Officials Award $2 Million to a Small Art School in Queens?

The Trump administration's National Endowment for the Humanities awarded a $2 million grant to a small art school in Queens with only three full-time employees. This grant was part of a new pattern of large, handpicked awards, a significant departure from the agency's typical grant-making process which historically avoided such large sums to very small institutions.

Senators Whitehouse and Schumer Call for ‘Proactive Measures’ to Protect Philip Guston and Ben Shahn Murals

Senators Whitehouse and Schumer Call for ‘Proactive Measures’ to Protect Philip Guston and Ben Shahn Murals

Senators Sheldon Whitehouse and Chuck Schumer have publicly called on the General Services Administration (GSA) to take immediate steps to protect significant New Deal-era murals by artists Philip Guston and Ben Shahn. Their letter expresses urgent concern over the potential sale or demolition of the Wilbur J. Cohen Federal Building in Washington, D.C., which houses these artworks, and questions the GSA's ability to safeguard the pieces once the building transfers to private ownership.