Rothko Sells for $85.8 Million, Almost Surpasses Auction Record

Sotheby’s New York sold Mark Rothko’s painting *Brown and Blacks in Reds* (1957) for $85.8 million on Thursday, making it the second-highest price ever achieved for the artist at auction. The work, part of Rothko’s postwar Color Field series, was offered from the private collection of the late art dealer Robert Mnuchin, whose estate also included works by Willem de Kooning. The Mnuchin sale totaled $166.3 million, with de Kooning’s *Untitled* (1970) fetching $8.8 million and *Untitled XLII* (1983) reaching $10.2 million. Bidding lasted about four minutes, with the winning bid placed via phone with Helena Newman, chairman of Sotheby’s Europe.

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.

Art Lender Accuses Maddox Gallery of Inflating Value of Art Used as Collateral—’Bizarre and Irrational’ Claim, Says Gallery

Luxury Asset Capital (LAC) has filed a civil complaint in the US District Court for the Southern District of New York accusing Maddox Gallery of inflating the value of artworks used as collateral for loans. The dispute stems from a 2023 deal in which Maddox provided substitute collateral—works by Duncan McCormick and Albert Willem—in exchange for a George Condo painting previously held by LAC. LAC alleges that Maddox engaged in a "pump and dump" scheme, artificially bidding up auction prices for McCormick and Willem works to 10–15 times pre-sale estimates, then using those inflated values to justify trades. After the alleged bid-rigging stopped, auction prices fell, and LAC claims it is left with works worth only a fraction of what Maddox represented. Maddox Gallery co-founder Nick Sharp denies the claims as "bizarre and irrational," calling the lawsuit a baseless attempt to unwind a voluntary agreement.

Early David Hockney piece expected to fetch thousands at upcoming auction

A rare early artwork by David Hockney, created when he was just 19, is heading to auction at Tennants Auctioneers' Modern and Contemporary Art Sale on June 13. The mixed media piece, titled *Bolton Junction Eccleshill, Bradford*, depicts scenes from Hockney's hometown and is expected to fetch between £7,000 and £10,000. Originally purchased by Hockney's tutor Malcolm Riley at the artist's end-of-year show, the work reflects the perspective lessons Hockney learned at Bradford Regional College of Art. The sale also features works by other notable northern artists, including two drawings by L.S. Lowry, pieces by mining artists Norman Cornish and Tom McGuinness, and ceramics by Pablo Picasso, alongside lots by Damien Hirst and David Bailey.

Marianna Simnett schafft eine exklusive Edition für Monopol

Marianna Simnett, one of the most radical contemporary artists known for exploring metamorphosis, myth, ecstasy, sex, and pain, has created an exclusive edition titled "The Healer" for the German art magazine Monopol. The work is a watercolor depicting a naked female figure licking a lion lying on the ground, with other lions roaring in the background. The edition is an archival pigment print in a size of 60 x 79 cm, published in an edition of 25 plus two artist's proofs, priced at 950 euros plus VAT.

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.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

Nicole Kidman's Billion-Dollar Breakfast at Christie's

Christie's held a record-setting evening sale on May 18, 2025, that generated over $1 billion, featuring a promotional video starring Nicole Kidman. Jackson Pollock's drip painting "Number 7A, 1948" sold for $181.2 million, nearly tripling the artist's previous auction record, while Constantin Brancusi's bronze bust "Danaïde" (c. 1913) fetched $107.6 million, becoming the second most expensive sculpture ever sold. The works came from the collection of late magazine magnate S.I. Newhouse, and a Rothko from Agnes Gund's collection also set a new artist record at $98.4 million.

Pollock and Brancusi Join the $100 Million Club at Auction

A drip painting by Jackson Pollock sold for $181.2 million with fees, and a bronze head by Constantin Brancusi from the S.I. Newhouse collection fetched $107.6 million at Christie’s, both joining the $100 million club at auction.

Robust Sales at Sotheby’s, Phillips Suggest Art Market Upswing

The May 19 evening sales at Sotheby’s and Phillips generated a combined $419.1 million, signaling a potential recovery in the contemporary and modern art market. Sotheby’s brought in $303.9 million—60% more than the previous year—led by a record-breaking $48.4 million Matisse, while Phillips achieved $115.2 million, more than double its 2025 sales. Both auctions saw high sell-through rates, with 98% and 100% of lots sold respectively. Notable lots included a $42.6 million Picasso, a $29.4 million van Gogh drawing, and strong performances by female artists like Lee Bontecou, Joan Mitchell, and Helen Frankenthaler.

Christie’s Auction Rakes in $1.1 Billion as Pollock Sells For Triple Record Price

Christie’s generated $1.1 billion in back-to-back evening sales on May 18, driven by record-breaking prices for major artworks. The top lot was Jackson Pollock’s 1948 drip painting *Number 7A*, which sold for $181.2 million with fees, tripling the artist’s previous auction record. Other highlights included Constantin Brancusi’s *Danaïde* (ca. 1913) at $107.6 million, Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* (1964) at $98.4 million, and Alice Neel’s *Mother and Child (Nancy and Olivia)* (1967) at $5.7 million. The sales featured works from the collections of S. I. Newhouse and Agnes Gund.

A Rediscovered Beato Angelico Takes Center Stage at Pandolfini's Old Masters Auctions in Florence

Un Beato Angelico riscoperto protagonista alle aste di arte antica di Pandolfini a Firenze

Pandolfini auction house in Florence will auction a rediscovered fragment of Beato Angelico's *Tebaide* on May 20, 2026, after it had been missing for fifty years. The attribution was confirmed by comparison with the version held at the Museo di San Marco and formerly at the Galleria degli Uffizi. The auction house's Old Masters department, led since 2025 by young director Nicolò Pitto, has achieved strong results, including over €5 million in total revenue for the year, with top lots such as Artemisia Gentileschi's *Cleopatra* (€595,600) and a French School *Saint Catherine of Alexandria* (€620,000).

Comment un père et sa fille ont dupé le marché de l’art avec de faux Picasso et Banksy

A Polish father-daughter duo, Erwin Bankowski (50) and Karolina Bankowska (26), orchestrated a major art forgery scheme between 2020 and 2025, selling over 200 fake artworks attributed to Andy Warhol, Banksy, Pablo Picasso, Andrew Wyeth, and others through top auction houses and galleries in New York and across the United States. They pleaded guilty in federal court in Brooklyn to conspiracy to commit wire fraud and misrepresentation of Native American goods, facing up to 20 years in prison, with sentencing set for August 5. The fakes, produced by an unidentified Polish artist, were sold for at least $2 million, with the highest known sale being a fake Richard Mayhew landscape that fetched $160,000 at DuMouchelles in Detroit.

Phillips’ Evening Sale of Modern & Contemporary Art More than Doubles Auction Total from the Previous Year

Phillips’ Evening Sale of Modern & Contemporary Art achieved a total that more than doubled the previous year's auction result, driven by strong demand for works spanning the 19th to 21st centuries. The sale opened with three lots exceeding their high estimates, including record prices for Lee Bontecou's rare 'Untitled' (1985-2001), which set a new record for any two-dimensional work by the artist after nearly five minutes of bidding. Other records were set for Pat Passlof, P.S. Krøyer, and Joseph Yaeger. Top lots included Andy Warhol's 'Sixteen Jackies' ($16.2 million), Claude Monet's 'La Route de Vétheuil, effet de neige' ($9.9 million), and Jackson Pollock's 'Untitled' ($9.2 million). The sale also featured works from The Collection of Ambassador John L. Loeb, Jr., which achieved a combined $8.4 million, with two Vilhelm Hammershøi works acquired by prominent institutions.

What Does the Future Hold for Female Collectors? We Got a Sneak Peek.

CULTURED Editor-in-Chief Sarah Harrelson hosted a panel discussion at Christie’s Rockefeller Center with collectors Tiffany Zabludowicz, Sophia Cohen, and Victoria Rogers, exploring the evolving role of women in the art market. The event coincided with Christie’s Marquee Week sales, which included a record-breaking $1.1 billion night, and featured works from the collections of legendary female patrons such as Agnes Gund, Marian Goodman, Lorinda de Roulet, and Marilyn Arison. Guests viewed masterpieces on display and received remarks from Christie’s Senior Vice President Isabella Lauria, who is leading the 21st Century Sale on May 20.

Could TikTok become the place to buy and sell works of art?

TikTok potrà diventare il posto dove comprare e vendere opere d’arte?

TikTok Shop has launched a new "Fine Art" category, allowing users to buy and sell artworks directly within the app. The initiative was spearheaded by British artist-influencer Sophie Tea, who sold a series of 20 oil paintings titled "Bric-a-Brac" during a three-hour live stream that combined performance art, studio visits, and televised sales. Each piece sold for around £2,800, with TikTok taking a 9% commission. The move applies discovery commerce—where products find users through social feeds rather than active searches—to the art market, bypassing traditional gallery intermediaries.

Auctions of the week: ancient art, design and antiques

A busy week of auctions is scheduled for May 21-27, 2026, spanning Milan, New York, and other global hubs. Italian auction houses including FarsettiArte, Wannenes, Gonnelli, Finarte, Capitolium AuctionHouse, Pananti, Aste Bolaffi, Il Ponte, Maison Bibelot, Babuino Fine Art Auctions, and Pandolfini will offer paintings, drawings, sculptures, antiques, design, jewelry, and vintage fashion. International houses Christie’s, Sotheby’s, Bonhams - Cornette de Saint-Cyr, and Dorotheum also hold sales in New York, Zurich, Paris, and Vienna, covering post-war and contemporary art, handbags, fine wine, and antiques.

Open Bloom Fold II, 2024 by Suzanne Song, Acrylic pigment on linen, 152.4 x 124.5 cm (2)

Ocula published an image of Suzanne Song's 2024 painting "Open Bloom Fold II," an acrylic pigment on linen work measuring 152.4 x 124.5 cm. The artwork is presented as a standalone visual feature.

Vahe Yeremyan | Layers of Time (2026) | For Sale

The article lists a work titled "Layers of Time (2026)" by artist Vahe Yeremyan as available for sale on the online art marketplace Artsy. No further details about the artwork, price, or context are provided in the brief listing.

How an unsuspecting couple found £11,000 worth of cat paintings in a skip

An unsuspecting couple in their sixties from Pembrokeshire, South Wales, discovered two paintings by 19th-century cat artist Louis Wain in a skip while walking their dog. The works—'Blue Cat Among the Flowers' (estimated at £5,000) and 'Psychedelic Cats' (a double-sided piece valued at £6,000)—were initially considered as a gift for their cat-loving daughter-in-law. The paintings are now being auctioned by Rogers Jones Auctioneers & Co as part of the British and European Fine Art Sale in Cardiff on May 21.

Museum Art Handing Market Analysis By Application, Type,

A market research report projects the Museum Art Handing Market will grow from $11.83 billion in 2026 to $30.44 billion by 2035, at a compound annual growth rate of 12.54%. The sector covers professional services for transferring, installing, and deinstalling artworks in museums, including condition assessments, conservation, transportation, and security. Growth is driven by rising demand across industrial, commercial, and technology-oriented applications, increased investments in cultural infrastructure, and the expansion of international traveling exhibitions.

David Sainsbury’s £90mn gift heralds a boom in museum mega-donations

David Sainsbury, the supermarket heir and philanthropist, has donated £90 million to fund the renewal of the Sainsbury Centre in Norwich. This gift is the latest in a series of substantial donations to UK museums, signaling a surge in mega-donations from wealthy individuals supporting cultural institutions.