Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Julie Mehretu Captures Our Contemporary Chaos in Shimmering Abstract Paintings

April 16, 2026

‘The extremely happy part of the crowd’: Hungarian arts figures hope for change after 16 years of Orbán rule – The Art Newspaper

April 16, 2026

Art Basel reveals 33 medalists for second edition of its awards – The Art Newspaper

April 16, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

‘The extremely happy part of the crowd’: Hungarian arts figures hope for change after 16 years of Orbán rule – The Art Newspaper

News RoomBy News RoomApril 16, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

On Sunday evening, Hungary’s long-standing prime minister, Viktor Orbán, was swept from power in a landslide victory for Péter Magyar’s Tisza Party. The result, in what has been seen by some observers as Europe’s most important parliamentary election of 2026, prompted celebrations on the streets of the Hungarian capital, Budapest, and an outpouring of jubilation from many of Europe’s centrist and leftwing leaders.

During his 16 years in power, Orbán cemented himself as one of Europe’s most polarising figures, attracting praise from both the American and European far-right for his self-styled brand of “illiberal democracy”. The EU establishment in Brussels, meanwhile, viewed him as an internal nemesis who opposed the rule of law and facilitated widespread corruption.

While it is too early to say how Hungary’s new government will directly impact the arts, Margit Valkó, the founder of Budapest’s Kisterem gallery, speaks for many of the more progressive members of the art scene when she says: “For sure, we belong to the extremely happy part of the crowd.”

Similarly, the artist János Sugár says: “I feel an enormous sense of relief, seeing that things could go back to normal and [not be] governed by lies and bad taste. Many people must feel this way, it was quite touching to see crowds of people on the streets hugging, crying with happiness, opening champagne, and partying—and not just in Budapest.”

Orbán co-founded Hungary’s Fidesz party in the late 1980s. His politics, like those of his party, shifted from more liberal, anti-communist beginnings to a concerted focus on nationalism and social conservatism, championing the defence of “Christian civilisation”.

While he sustained strong electoral success across the four previous elections, critics viewed him as an authoritarian populist who eroded the independence of key institutions and trampled on LGTBQ+ rights. In particular, the government’s highly controversial 2021 “child protection” law restricted public assemblies seen as promoting LGBTQ+ themes, including Pride marches, and was used in 2023 as grounds to dismiss the director of the Hungarian National Museum.

“Orbán’s cultural policy, in one word,” notes Sugár, “was anti-contemporary, it was uncultivated and opposed everything in which it perceived critical content.”

Magyar is himself a centre-right politician and a former member of Fidesz, so some political analysts have tempered hopes that Hungarian society will now see rapid changes. The new leader has, however, already announced that he plans to suspend Hungary’s state-controlled media, which was controversially overhauled by the Fidesz government to become what Magyar called a “factory of lies”.

For Valkó, a key question is what will now happen to what she describes as the “ideologically burdened” Hungarian Academy of Arts, an institution given significant funding powers by Fidesz that is seen as having been an instrument of the government’s conservative agenda.

More broadly, members of the art scene hope to see increased institutional autonomy, with Attila Pőcze, of Budapest’s Vintage Galéria, explaining, “We strongly hope for dialogue with civil society, the reconstruction of the institutional system of culture and the reinforcement of the capacity and resilience of the independent and critical cultural scene.”

Echoing those hopes, Sugár says: “I hope that small and large institutions will regain their autonomy, international relations can be rebuilt, and (in two words) I expect some vibrancy and bustle.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Julie Mehretu Captures Our Contemporary Chaos in Shimmering Abstract Paintings

Art Basel reveals 33 medalists for second edition of its awards – The Art Newspaper

V&A exhibition honours designer Elsa Schiaparelli’s unique synthesis of fine art and fashion – The Art Newspaper

Barcelona museum refuses to return Sijena murals to monastery – The Art Newspaper

What We Miss When We Talk About Giacometti

Bob Ross paintings will go on view at Bonhams New York.

A Parisian Man Just Won a $1 Million Picasso Painting with a $117 Raffle Ticket

Beowolff Combines Artsy and Artnet in Digital Art Market Push

V&A Pulls Catalog Materials Due to Chinese Censorship Laws

Recent Posts
  • Julie Mehretu Captures Our Contemporary Chaos in Shimmering Abstract Paintings
  • ‘The extremely happy part of the crowd’: Hungarian arts figures hope for change after 16 years of Orbán rule – The Art Newspaper
  • Art Basel reveals 33 medalists for second edition of its awards – The Art Newspaper
  • V&A exhibition honours designer Elsa Schiaparelli’s unique synthesis of fine art and fashion – The Art Newspaper
  • Nick Train: ‘Glory days’ of generalist active investment management are over for now

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

‘The extremely happy part of the crowd’: Hungarian arts figures hope for change after 16 years of Orbán rule – The Art Newspaper

April 16, 2026

Art Basel reveals 33 medalists for second edition of its awards – The Art Newspaper

April 16, 2026

V&A exhibition honours designer Elsa Schiaparelli’s unique synthesis of fine art and fashion – The Art Newspaper

April 16, 2026

Nick Train: ‘Glory days’ of generalist active investment management are over for now

April 16, 2026

Barcelona museum refuses to return Sijena murals to monastery – The Art Newspaper

April 16, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.