Berlin’s Academy of Arts has issued a sharp critique of proposed budget cuts to the Berlin Art Prize, which would see the award's prize money halved. The Academy argues that reducing the current €45,000 total funding—already considered modest—devalues the historic award and threatens its future as a symbol of artistic freedom and democratic expression.
Beyond the funding dispute in Germany, the art world is seeing significant movement in the biennial circuit and market. The Gwangju Biennale has announced its 2026 theme inspired by Rainer Maria Rilke, while artist Nabil Nahas prepares to represent Lebanon at the Venice Biennale. Additionally, a rediscovered 1927 painting by Josef Síma is headed to auction, and Christine Sun Kim is set to debut a major new digital work at Art Basel Hong Kong.