Marian Goodman’s Gerhard Richters Total $78.8 Million in $162.7 Million Christie’s Sale

Christie’s 21st-century evening sale in New York on Wednesday achieved $162.7 million, its highest total in the category since 2021. The sale featured eight works from the collection of the late dealer Marian Goodman by Gerhard Richter, which together sold for $78.8 million, nearly half the evening’s haul. Richter’s photorealistic candle painting *Kerze (Candle)* (1982) hammered at $30 million, below its $35 million low estimate, but still set a new auction record for the series. Other Richters performed strongly, with six of seven exceeding high estimates, including *Mohn (Poppy)* (1995) at $20.1 million. A modest Basquiat work on paper, *Asbestos*, sold for $6.54 million, and one lot by Ed Ruscha was bought in.

Eyes Wide Open! Kenny Schachter Dishes on Delinquent Dealers, Secret Deals, and That Other ‘Salvator Mundi’

Kenny Schachter offers a sardonic, first-person account of the spring 2025 art season in New York, weaving together observations from auctions, art fairs, and gallery openings. He notes brisk business at Sotheby's and Phillips, citing specific sales like James Ensor's tiny "Still life with Stingray" ($140,800) and Georgia O'Keeffe's double-sided "Maple Leaves and Flowering Cactus" ($1.68 million). Schachter also recounts his experience at Larry Gagosian's new Madison Avenue gallery, where security guards outnumbered the artworks, and reflects on the broader economic climate, including a tax lawyer moonlighting as a 3-D printer for his own sculpture project. He contrasts the wealthiest collectors—one driving a Lamborghini but staying at a Holiday Inn Express—with dealers wearing grim faces at TEFAF, painting a picture of a bifurcated art economy.

Tracey Emin, Katharina Grosse, and More Rally to Raise $2.7 Million for South London Gallery

Christie’s is partnering with the South London Gallery (SLG) on a special selling exhibition featuring works donated by 28 artists, including Tracey Emin, Frank Bowling, Katharina Grosse, Alvaro Barrington, and Ryan Gander. The exhibition is part of SLG’s “SLG Forever” fundraising campaign, which aims to raise £2 million ($2.7 million) to renovate the gallery’s historic Victorian building and support its outreach programs. The show will be open to the public at Christie’s London from June 5–25, with extended hours during London Gallery Weekend, and will continue online until September 30.

Marian Goodman’s $35.1 M. Richter ‘Candle’ Leads Christie’s Tepid $162.7 M. Trio of Postwar and Contemporary Sales

Christie’s New York held a trio of postwar and contemporary art evening sales on Wednesday night, totaling $162.7 million with fees, just meeting expectations. The auction was led by a Gerhard Richter painting, *Kerze (Candle)*, which sold for $35.1 million, and featured a collection of eight Richter works from the estate of revered dealer Marian Goodman, which collectively hammered at $66 million. Other highlights included a Donald Judd stack from the estate of collector Henry S. McNeil, selling for $12.8 million, and a Richter *Mohn (Poppy)* that achieved $20.1 million. Only one lot, an Ed Ruscha canvas, failed to sell.

Christie’s Posts ‘Rock Solid’ Contemporary Sale, Led by Marian Goodman’s Gerhard Richters

Christie’s 21st-century evening auction in New York on May 20 brought in $162.7 million, a 69 percent increase from the same sale last year and the house’s highest New York evening total in the category since 2021. The sale featured 42 lots, including a single-owner collection of Minimalist works owned by Henry S. McNeil Jr. and eight Gerhard Richter works from the collection of the late gallerist Marian Goodman. The top lot was Richter’s photorealistic painting *Kerze (Candle)* (1982), which sold for $35.1 million, falling short of its $50 million high estimate. Other notable results included a Donald Judd Plexiglas stack that sold for $12.8 million and works by Richard Artschwager and Carl Andre that far exceeded their low estimates.

Richter and Judd works top Christie's solid if not stellar sale of post-war and contemporary art

Christie’s held a two-part evening sale on May 20, featuring 42 lots from the estate of dealer Marian Goodman and the single-owner collection of Henry S. McNeil Jr. The auction achieved a hammer total of $132 million ($162.6 million with fees), just above the low end of its pre-sale estimate. The top lot was Donald Judd’s untitled plexiglass and copper stack sculpture, which sold for $12.8 million with fees, setting a new record for a Judd stack at auction. A surprise standout was Richard Artschwager’s Two-Part Invention (1967), which hammered at $500,000—more than six times its high estimate. The McNeil collection achieved a white-glove sale, while all but two of the eight Gerhard Richter works from the Goodman collection were guaranteed by third parties.

TEFAF New York 2026: Contemporary Gains Ground

TEFAF New York 2026 is set to feature a stronger contemporary art presence, signaling a shift in the fair's traditional focus on Old Masters and antiques. The event will expand its contemporary offerings, attracting a broader range of galleries and collectors.

Studio 54 Fine Art Is Betting on a More Nimble Gallery Model

Studio 54 Fine Art, founded and directed by Gary Williamson, is pioneering a nimble gallery model without a permanent brick-and-mortar space, instead meeting collectors through rotating physical exhibitions and behind-the-scenes matchmaking. The gallery is currently presenting the exhibition “Empire of Silence: The Untamed Majesty of Rowan Blackwell” in Switzerland, featuring large-scale photographs of wild animals by artist Rowan Blackwell, on view through August 31. Williamson, who transitioned from luxury goods and property investment to founding the gallery in Milan in 2016, emphasizes a focus on quality, provenance, and long-term value, with a roster of artists selected for technical mastery and distinctive vision.

Heffel’s spring sales, featuring rediscovered royal portrait and E.J. Hughes seascape, tally $16.2m

Heffel's spring auction in Toronto on 21 May achieved a total of C$22.4m ($16.2m), led by E.J. Hughes's seascape *Coastal Boats Near Sidney, BC (1948)*, which sold for C$5.7m ($4.1m)—more than tripling its high estimate and setting a new auction record for the artist. The painting was consigned by Emily Carr University of Art and Design, with proceeds benefiting student awards. Other highlights included works by Mary Pratt, Jean Paul Riopelle, Alex Colville, Takao Tanabe, Tom Thomson, Arthur Lismer, and A.J. Casson, with four lots crossing the million-dollar mark and a 93.75% sell-through rate.

What New York’s $2.1B Auction Week Means for the Market

New York’s spring auction week generated $2.1 billion in sales, with major auction houses posting dramatic gains over the previous spring. The results were driven by trophy artworks, high-profile collections, and a renewed willingness among top collectors to spend at the highest level, signaling a robust rebound in the art market.

Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

Richter works from gallerist Marian Goodman and Donald Judd pieces lead Christie's New York auctions

I lavori di Richter della gallerista Marian Goodman e le opere Donald Judd guidano le aste di Christie’s a New York

Christie's New York spring sales opened on May 20, 2026, with two major collections: the minimalist art collection of Henry S. McNeil Jr. and works by Gerhard Richter from the collection of legendary gallerist Marian Goodman. The 42-lot session achieved $162.7 million, with 98% sold by lot. The 21st Century Evening Sale alone reached $136.8 million, a 42% increase over May 2025 and Christie's highest result for the category in five years. Top lots included Donald Judd's "Untitled" (1969) at $12.8 million—a new auction record for a Judd stack—and Richard Artschwager's "Two-Part Invention" (1967) which soared to $635,000 from an estimate of $60,000–80,000. The Goodman collection of eight Richter works, all guaranteed, generated $78.8 million, exceeding expectations.

"Es ist nur die Frage: Bist du reich genug oder nicht?"

A Christie's auction in New York saw Jackson Pollock's "Number 7A" sell for approximately $181 million, contributing to a total of $1.1 billion in sales for the evening. The auction, covered by Vanity Fair and the New York Times, featured intense bidding between figures like Iwan Wirth and Alex Rotter, while names such as Jeff Bezos and Ken Griffin were speculated to be involved. Combined with sales from Sotheby's and Phillips, the week generated around $2.5 billion. Meanwhile, a separate controversy erupted in France over artist Claire Tabouret's new stained-glass windows for Notre-Dame Cathedral, with critics arguing they violate heritage protection laws. Additionally, the Fondation Beyeler faces allegations that a Cézanne watercolor in its current exhibition may be Nazi-looted art from the collection of Jewish paper wholesaler Gustav Schweitzer.

Is the art market slump over?

Ist die Flaute im Kunstmarkt vorbei?

The New York spring auctions saw explosive top prices, with Jackson Pollock's drip painting "Number 7A" (1948) selling for $181.2 million at Christie's, making it the fourth most expensive artwork ever auctioned. Christie's evening sales alone generated $1.1 billion, including $630.8 million from 16 works from the S.I. Newhouse collection. Sotheby's opened the season with a Mark Rothko from the estate of dealer Robert Mnuchin, achieving $85.8 million, while Phillips sold all 40 lots for $115 million, double the previous year. Younger artists like Joseph Yaeger also saw prices far exceed estimates.

L’actualité des maisons de ventes - juin 2026

The June 2026 auction news roundup reports a sharp slowdown in the ultra-contemporary art market, with sales of artists under 40 dropping from $306 million in 2022 to just $48 million in 2025—a 47% decline from 2024. Painting dominates 80% of this segment, but top prices remain far below pre-pandemic peaks, with Flora Yukhnovich's $1.73 million work leading. London now holds 26% of the market, ahead of New York's 24%, while Paris lags at 0.9%. Other highlights include a sale of over 150 unseen concert photographs by Patrick Ullman at Quai des Enchères, a record €10.2 million for Henry Taylor, and a €10.2 million Monet record in France at Sotheby's Paris. Ader also offers rediscovered Renaissance and Baroque works by Antonello da Messina and Rubens at Drouot.

Rediscovered Old Master Painting Eclipses Estimate at Auction

A rediscovered portrait of Prince Rupert, long attributed to the studio of Anthony van Dyck and later to Jacob Huysmans, sold for CA$217,250 ($153,000) at Heffel Fine Art Auction House’s Spring Sale on May 21, more than double its low estimate. New research identified the work as by Peter Lely, court painter to King Charles II. The painting had belonged to the Hudson Bay Company for centuries and was part of a court-approved sale of the company’s collection following its 2024 bankruptcy. The 80-lot sale also saw a record for E.J. Hughes’s "Coastal Boats Near Sidney, BC" (1948), which sold for CA$5.7 million ($4.1 million), and strong results for Group of Seven artists Arthur Lismer, A.J. Casson, and Lawren Harris.

‘Prediction Markets’ Come to Art Auctions: Now You Can Bet on Basquiat and Monet, Courtesy of Kalshi

Kalshi, a prediction market platform, has launched a new category allowing users to bet on individual artwork auction prices and total auction sales values. Users can wager on outcomes such as whether auction records for artists like Jean-Michel Basquiat, Vincent van Gogh, and Pablo Picasso will be broken this year. The company positions this as a tool for collectors, art funds, dealers, and retail speculators to hedge against art market volatility, though critics raise concerns about potential insider trading. Major auction houses Christie’s, Sotheby’s, and Phillips have responded cautiously, with Christie’s stating its policies preclude employee involvement in such markets.

Collectors Anita and Poju Zabludowicz to Sell $20.1 M. in Art at Christie’s

Collectors Anita and Poju Zabludowicz, longtime fixtures on the ARTnews Top 200 Collectors list, are selling £15 million ($20.1 million) worth of art at Christie’s next month through an in-person auction in London on June 25 and an online sale. The 106-lot sale is led by Philip Guston’s painting *Mirror Head* (1977), estimated at up to £5.5 million ($7.38 million), alongside works by Beatriz Milhazes, Rose Wylie, Damien Hirst, Richard Prince, Takashi Murakami, Henry Taylor, and Charline von Heyl.

Giant T. Rex Fossil Could Net a Monster Price at Sotheby’s

Sotheby's New York will auction a 67-million-year-old Tyrannosaurus rex fossil named Gus on July 14, with an estimated value of $20–$30 million—the highest estimate ever placed on a dinosaur skeleton. The specimen, discovered in Harding County, South Dakota, on land owned by the late rancher Gary "Gus" Licking, is approximately 63 percent complete with 183 fossil bone elements, including a well-preserved skull and rare humeri. Excavated over three summers from 2021 to 2023, Gus is comparable in size and integrity to only two other T. rex fossils that have come to market: Stan and Sue.

Economic growth supports the art market in Warsaw

The Warsaw art market is expanding rapidly, driven by Poland's strong economic growth (3.6% GDP in 2025). Two new art fairs have emerged: Art Warsaw (May 21–24), organized by Joanna Witek-Lipka and Michał Kaczyński, and the Hotel Warszawa Art Fair (September), organized by four galleries. These join the established Warsaw Gallery Weekend, now in its 15th year. The fairs cater to a growing collector base increasingly seeking international artists, while still featuring Polish talent. Notable participants include Ada gallery from Rome, Coulisse Gallery from Stockholm, and 52 galleries total, with booth fees ranging from €1,000 to €4,000. The venue, Villa Róż, a 19th-century palace with layered historical features, adds to the fair's appeal.

Marguerite Gérard and Fragonard at the Getty Museum

Marguerite Gérard et Fragonard au Getty Museum

The J. Paul Getty Museum in Los Angeles has acquired a painting jointly created by Marguerite Gérard and Jean-Honoré Fragonard, titled "Je m’occupais de vous" (I was taking care of you). Long thought lost, the work was rediscovered by art historian Carole Blumenfeld during her research on the two artists and was publicly shown in Ajaccio in summer 2007 at the exhibition "Le cardinal Fesch et l’art de son temps." After returning to a private collection, it has now entered the Getty Museum's holdings.

Lalanne’s Playful Frog Fountains Surface at Auction

A set of four bronze Grenouille fountains by François-Xavier Lalanne, created in 1981 for American designer and collector Alexandra Marshall, will be the marquee lot at Christie’s Design auction on June 10 at Rockefeller Center, with an estimate of $2.5 million to $3.5 million. The fountains, the first Lalanne ever made, were originally installed around Marshall’s swimming pool in Houston, Texas. The sale also includes a patinated bronze ram by Lalanne (estimate $800,000–$1.2 million), a Henning Koppel eel covered dish from the estate of late collector Henry S. McNeil Jr., and 18 lots by Tiffany Studios, led by the Boyd Family Memorial Window (estimate $1.5–$2 million).

Taiwanese Pop Star Is the Buyer of $20 M. Matisse Painting at Sotheby’s

Taiwanese pop star Jay Chou revealed himself as the buyer of Henri Matisse's 1924 painting *La Séance du Matin* at Sotheby's modern art evening sale, where it sold for $20 million before fees ($21.2 million with fees). Chou, who guaranteed the work, received an $800,000 rebate and shared his emotional connection to the piece on Instagram, recalling visits to Matisse's home in Nice. The sale was part of a larger auction that also featured another Matisse, *La Chaise lorraine* (ca. 1919), which sold for $48.4 million.

Trophy Buyers Drive Decorative Art Sales

Sales in the decorative-art category—including design objects, furniture, jewelry, and watches—reached approximately $3.9 billion in 2025, a 7.1% increase from 2024 but still well below the 2023 peak of $5.7 billion. The number of lots sold fell by 11.9%, yet the average price rose 21.6% to $15,247, indicating a shift toward trophy buying. A standout was François-Xavier Lalanne's 1976 Hippopotamus bar, which sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting an auction record. Sotheby's led the category with $1.1 billion in sales, followed by Christie's at $1 billion and Phillips at $369.7 million. Europe remained the largest market at $1.4 billion, while North America overtook Asia for second place with $1.2 billion.

Who Won New York’s $2.1 Billion Auction Week?

New York City's spring auction week generated approximately $2.1 billion in sales across Christie's, Sotheby's, and Phillips, more than doubling the $1 billion total from May 2024. Christie's led with a $1.3 billion haul, driven by the $630.8 million S.I. Newhouse collection and record prices for works by Jackson Pollock ($181.2 million) and Constantin Brancusi ($107.6 million). Sotheby's netted around $737 million, including a Rothko from the Robert Mnuchin collection, while Phillips rebounded with $115.2 million in a white-glove sale, its strongest New York spring result since 2022.

World record for Carla Accardi in Contemporary Art auction at Dorothem's

Dorotheum's Contemporary Art auction in Vienna on May 20, 2026, set a new world record for Italian artist Carla Accardi, whose work *Fonda notte - Pieno giorno* (1986) sold for €520,000 to a telephone bidder. The sale also saw strong results for Martha Jungwirth (€429,000), Miriam Cahn (€195,000), and top lots including Thomas Schütte's *Vater Staat* (€520,000) and works by Mikuláš Medek (up to €546,000). International participation was robust, with particular demand for female artists and Central European figures.

A world record for Lena Cronqvist and several million-plus sales at Stockholms Auktionsverk’s spring art auctions

Stockholms Auktionsverk's spring auctions, The Modern Art Sale and The Contemporary Art Sale, achieved strong results including a world record for Lena Cronqvist's sculpture "Flicka med flätor och parasoll", which sold for nearly SEK 1.9 million. Other top sales included Andy Warhol's "Queen Elizabeth II" at SEK 2.5 million, Jean-Paul Riopelle's "Arthur" at SEK 1,875,000, and Warhol's triptych "Ingrid Bergman" at SEK 1.25 million. Karin Parrow also set a new personal record with "Kappseglingsdag" selling for SEK 231,250.

An $18 million Banksy sold in an exclusive auction at Tiffany & Co. in New York

Un Banksy da 18 milioni di dollari venduto in un’asta esclusiva da Tiffany & Co. a New York

Fair Warning, an invitation-only online auction platform founded by former Christie's rainmaker Loïc Gouzer, sold Banksy's 2012 painting *Girl and Balloon on Found Landscape* for nearly $18 million at a live auction held in Tiffany & Co.'s Manhattan flagship store on May 20, 2026. The sale was conducted by Jussi Pylkkänen, another former Christie's star auctioneer, and the work—never before publicly shown—had a pre-sale estimate of $13–18 million, making it the third most expensive Banksy ever sold at auction.

Institutional exhibitions, new records and large collections at auction. It's a boom for Indian and South Asian art

Mostre istituzionali, nuovi record e grandi collezioni in asta. È boom dell’arte indiana e dell’Asia meridionale

Christie's London will host "The Meeting Ground: Scenes from the KNMA Collection" from July 16 to August 21, 2026, featuring over 60 artists from India, Pakistan, and Bangladesh, with works dating from the 1950s to today. The exhibition is organized in collaboration with the Kiran Nadar Museum of Art in New Delhi and draws from the collection of Kiran Nadar, a prominent South Asian art collector. This follows a landmark auction at Sotheby's New York on March 26, 2026, where the Modern & Contemporary South Asian Art sale achieved $22.1 million, setting records for 12 artists including K.C.S. Paniker, Vivan Sundaram, and K.K. Hebbar. The sale was led by Maqbool Fida Husain's "Second Act" (1958) at $5.1 million, while his earlier record of $13.8 million for "Untitled (Gram Yatra)" was set at Christie's New York in March 2025, purchased by Nadar.

Da Carrà e de Chirico a Giorgio Morandi, ecco le nuove aste di Farsetti a Prato

Farsettiarte in Prato will hold two auctions at the end of May 2026, featuring modern and contemporary art. The Contemporary Art sale takes place on May 29, followed by the Modern Art sale on May 30, with highlights including works by Giorgio Morandi, Carlo Carrà, Giorgio de Chirico, Afro, Giuseppe Capogrossi, Piero Dorazio, and Hans Hartung. A rare Morandi still life from 1921 is estimated at €1.3-1.6 million, while de Chirico's 'Piazza d'Italia' (1963) carries an estimate of €220,000-320,000.