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NEWSLETTER NO. 5 2026
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Roy Lichtenstein, Sinking Sun (1964) in the Manhattan home of collectors Joseph and Ursula Helman. Durston Saylor, Architectural Digest, November 1997.
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The momentum from last fall continued into Q1. Notably, there were major sales in categories outside of postwar and contemporary art, including the Koch auction of Western Art, Michelangelo’s foot of the Libyan Sibyl, and Jim Irsay’s guitars. Modern & Contemporary held up too, with solid results at the March London sales and reports of strong activity at Frieze LA. Whether the uptick continues is another question. The quarter also brought harder news: art history programs disappearing from university curricula, and a wave of institutional closures—among them the California College of the Arts, after 116 years. At the same time, AI declared itself ready to appraise your paintings, NFTs finally received their eulogy, and Yves Bouvier remained litigious. Below is what we found interesting and notable this past quarter. Firm news at the bottom.
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OF INTEREST
Always better to see it in person: Sale of Chinese vase canceled after post-sale examination. LINK
No copyright protection for AI authorship: Thaler v. Perlmutter ruling. LINK
Art not included: Napa’s di Rosa Center for Contemporary Art’s property is for sale. Hard to overstate how beautiful this location is. LINK
Banksy: Nothing to add. Check out Renee Vara’s LinkedIn link roundup. LINK
Chinese copyist painters: Article on the decline of China’s replica market. LINK
Future work for public art appraisers (and conservators): 501(c)3 dedicated to building More Monuments. LINK
Gelman collection’s Kahlos: Open letter stating that the Gelman Collection should stay in Mexico. LINK
Heartbreaking: Universities cutting art history programs. As the world increasingly communicates through images, we need people who know how to read them more than ever. LINK
More heartbreak: California College of the Arts closes its doors after 116 years. This after the closures of Mills College and the San Francisco Art Institute. LINK
If AI says so: Need to appraise your painting? Just scan it! LINK
Illusion of reality: Reddit r/appraisal thread on the challenges of reconciling to a single value. LINK
Keeping it simple: Heritage Auctions on Buyer’s Premiums. LINK
Litigation funding: The funding package is 2.6% of the claimed FMV. LINK
Litigating Yves Bouvier: Evergreen. LINK
New algorithm just dropped: Bloomsbury Tech is going to move us beyond correlation (hedonic) to causality (sociological inquiry). LINK
Secondary fields of meaning: Gorgeous read about looking at the backs of paintings. LINK
That’s enough of that: NFT market wrap up LINK and a good eulogy from Josh Baer. LINK Premature takes? LINK
More that’s enough of that: What happened to the hype brand market? LINK
There are many different marketplaces: Is Picasso good or bad? LINK
Uccello, Correggio, Tiepolo: Using art history as the foundation for a new aesthetic. LINK
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FROM OUR BLOG
Willem de Kooning, Untitled XV (1983); Alexander Calder, Red Comber (1962) in the home of Emily Fisher Landau.
The Collector: Emily Fisher Landau
Emily Fisher Landau’s collection began, improbably, with a burglary. In 1969, thieves disguised as air-conditioning repairmen broke into her Upper East Side apartment and made off with a safe full of jewelry. The insurance settlement arrived, and Landau redirected it entirely. She had already made her first major purchase—a three-foot Alexander Calder mobile, which she carried home on the crosstown bus—and now she had the means to go further. What followed was a collection built with patience and a sharp eye, ultimately gifted to the Whitney Museum of American Art. READ MORE
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OUR NEWS
Andy Warhol. Jessica Hromas/Getty Images Entertainment/Getty Images.
AI, Art Valuation and the Question of Accountability
Czudej McDonough partner Tobias Czudej examines the role of AI in art valuation in Trusts & Estates magazine. READ MORE
Demystifying Appraisal Review: On Monday, April 13, 2026 at 11:00a PST / 2:00p EST, partner Susan McDonough will be presenting for ArtTable’s Professional Development Series. REGISTER HERE
USPAP Update: Susan is teaching the 7-hour USPAP update online for the Appraisers Association on April 30 and May 1. SIGN UP HERE
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BOOKS
Amedeo Modigliani, Catalogue Raisonné of the oil paintings by Marc Restellini. Yale University Press, May 19, 2026. LINK
Gerhard Richter: Catalogue Raisonné, Volume 7. Hatje Cantz, June 9, 2026. LINK
Raphael: Sublime Poetry. Yale University Press, April 14, 2026. LINK
Matthew Wong: Interiors. The Matthew Wong Foundation, May 19, 2026. LINK
Duchamp. MoMA Publications, May 12, 2026. LINK
Eva Gonzalès catalogue raisonné. Wildenstein Plattner Institute. LINK
Georgia O’Keeffe catalogue raisonné. Georgia O’Keeffe Museum to launch online catalogue raisonné in early 2026. LINK
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© 2026 Czudej McDonough
info@czudejmcdonough.com
Image Credits:
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Roy Lichtenstein, Sinking Sun (1964). Photography: Durston Saylor, Architectural Digest, November 1997. Courtesy the Helman collection. |
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Andy Warhol. Jessica Hromas/Getty Images Entertainment/Getty Images. |
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Willem de Kooning, Untitled XV (1983); Alexander Calder, Red Comber (1962) in the home of Emily Fisher Landau. |
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