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Phillips Modern & Contemporary Sale Nets $115.2 M., With Strong Results for Women Artists

Phillips’ modern and contemporary art evening sale on Tuesday achieved $115.2 million against a presale estimate of $84.2 million, its highest since 2022. All 40 lots sold, with standout results for works by living artists like Joseph Yaeger, whose painting fetched $477,300 against a $60,000 estimate, and Anna Weyant, whose work sold for $980,400. Works by 20th-century female artists including Lee Bontecou, Olga de Amaral, and Helen Frankenthaler also exceeded expectations, with Bontecou’s pastel setting a record for a two-dimensional work by the artist at $4.3 million.

Christie’s $1.1 Billion Night Signals a Stunning Rebound for the Art Market

Christie’s achieved $1.1 billion in sales during a single evening auction on Monday, marking a dramatic rebound from the previous year when the three major New York auction houses combined sold that amount over the entire May season. The sale featured trophy works from the collections of S.I. Newhouse and Agnes Gund, with Jackson Pollock’s *Number 7A (1948)* selling for $181.2 million and Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* fetching $98.4 million. Despite the strong overall results, seven of the 16 works in the Newhouse sale hammered below their low estimates, and Constantin Brancusi’s *Danaïde* failed to reach its $100 million estimate, indicating price resistance even for top-tier art.

Christie's nets $1.1bn from back-to-back S.I. Newhouse and 20th century evening sales in New York

Christie's held back-to-back evening auctions in New York, featuring the esteemed S.I. Newhouse collection and a 20th-century evening sale, achieving a combined total of $950 million (or $1.1 billion with fees). The Newhouse sale was a white-glove affair, 100% sold, though entirely backed by third-party guarantees. Highlights included Constantin Brancusi's bronze 'Danaïde' (1913) selling for $107.5 million with fees, a record for the artist, and Pablo Picasso's 'Tête de femme (Fernande)' fetching $48.3 million. Other top lots included works by Piet Mondrian, Joan Miró, Henri Matisse, Francis Bacon, Jasper Johns, Andy Warhol, and Jackson Pollock, with many going to anonymous telephone bidders.

Robert Therrien Estate Leaves Gagosian After Nearly Three Decades and Joins David Zwirner

The Robert Therrien estate has left Gagosian after nearly three decades and joined David Zwirner, a rival mega-gallery. The move follows a major survey of the late sculptor's work at the Broad museum in Los Angeles, which featured 120 works and was the largest exhibition of his career. Therrien, who died in 2019, is best known for monumental sculptures of domestic objects, such as Under the Table (1994), and his towering plate columns held by institutions including the Tate and Glenstone.

The Marcel Duchamps That Got Away: On Collecting His Work and the Sprawling MoMA Show

The article recounts the author's personal experience as a collector who passed up the opportunity to buy a complete set of Marcel Duchamp's readymades at a 2002 Phillips de Pury and Luxembourg auction. The set, editioned by dealer Arturo Schwartz in 1964, included iconic works like *Fountain* and *Bicycle Wheel*, but the sale was a financial failure, with many pieces bought-in or selling for far below expectations. The author later acquired some of the unsold works privately. The piece is framed around the concurrent Duchamp exhibitions at the Museum of Modern Art and Gagosian.

Artist Foundations’ Net Worth Has Nearly Tripled to $9 B., Led by Cy Twombly Foundation’s $1.5 B. in Art and Assets

New research from the Aspen Institute’s Artist-Endowed Foundation Initiative (AEFI) reveals that artist-endowed foundations in the U.S. now control roughly $9 billion in assets, nearly triple the $3.5 billion reported in 2011 and up 17% from $7.7 billion in 2018. The Cy Twombly Foundation leads with $1.5 billion in art and assets, followed by foundations for Alexander Calder, Joan Mitchell, Helen Frankenthaler, and Robert Rauschenberg, each holding over $500 million. The data, drawn from public tax forms, shows that just five of roughly 500 foundations account for more than half the total, with most established by postwar American artists born before 1931.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

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.

The 16 Most Expensive Artworks Ever Sold at Auction

ARTnews published an updated list of the 16 most expensive artworks ever sold at auction, highlighting recent record-breaking sales such as Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16), which fetched over $236.4 million at Sotheby's, and Jackson Pollock's *Number 7A, 1948*, which sold for well above its $100 million estimate at Christie's in May 2026 from the S. I. Newhouse collection. The article traces the history of top auction prices, including Vincent van Gogh's *Orchard with Cypresses* (1888), which sold for $117 million during the Paul Allen sale at Christie's in November 2022, part of a record $1.5 billion single-evening auction.

Pace Gallery Takes Representation of Brâncuși Estate Ahead of $100 M. Sculpture Coming to Auction

Pace Gallery has taken global representation of Constantin Brâncuși's estate, announced hours before a $100 million Brâncuși sculpture, Danaïde (1913), goes to auction at Christie's. The sculpture comes from the collection of S. I. Newhouse and is among the most expensive works in New York's marquee sales. The announcement coincides with a major retrospective of the artist, organized by the Centre Pompidou, currently at the Neue Nationalgalerie in Berlin and heading to the Museum of Modern Art in New York later this year.

The Most Expensive Works by Mark Rothko Sold at Auction

Mark Rothko's paintings continue to command top prices at auction, with a list of his most expensive works updated in May 2026. The article details sales including 'Orange, Red, Yellow' (1956), 'Untitled' (1952) for $66.2 million, 'White center (Yellow, pink and lavender on rose)' (1950) for $72.8 million, 'No. 1 (Royal Red and Blue)' (1954) for $75 million, and 'No. 10' (1958) for $81.9 million. It also notes that in May 2026, Rothko's 'Brown and Blacks in Reds' (1957) sold for $85.8 million at Sotheby's from dealer Robert Mnuchin's collection, narrowly missing the artist's record.

At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

Cai Guo-Qiang joins White Cube

White Cube now represents Cai Guo-Qiang, making the British gallery the first to represent the Chinese-born, New York-based artist known for his gunpowder paintings. The announcement coincides with White Cube’s solo presentation of Cai’s ongoing gunpowder painting series featuring birds at Tefaf New York (14-19 May). Cai had a solo show at White Cube’s Bermondsey space last autumn, titled *Gunpowder and Abstraction 2015-2016*, his first London presentation since his large-scale project at Tate Modern in 2003.

One of Van Gogh’s greatest watercolours could achieve a record price

Sotheby's New York will auction Vincent van Gogh's watercolor *The Harvest in Provence* (June 1888) on May 19, with an estimate of $25–35 million. The work, larger and more elaborate than a related watercolor at Harvard, was created just days before van Gogh's celebrated oil painting of the same scene. It is signed and titled, suggesting the artist considered it a finished piece rather than a mere study, and he sent it to his brother Theo before completing the oil version.

Ceramics Are Everywhere, in Museums, Galleries, and Fairs—Has the Market Caught Up?

Ceramics are experiencing a surge in visibility across museums, galleries, and art fairs in major US cities. The article catalogs numerous recent and upcoming exhibitions, including Kathy Butterly's sold-out show at James Cohan with pieces at $45,000 each, Nicole Cherubini's nearly sold-out show at Friedman Benda with prices up to $65,000, and Ruby Neri's work at Salon 94 peaking at $75,000. Other highlights include Ron Nagle at Matthew Marks, Theaster Gates' Gagosian show celebrating David Drake, NADA Ceramics in Tribeca, and ceramic presentations at Frieze Los Angeles, Post-Fair, Expo Chicago, and David Zwirner. Institutional shows include Toshiko Takaezu at Princeton University Art Museum and a ceramic collection at RISD Museum.

A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

For young dealers, being in New York is key to surviving and thriving

The article examines how young art dealers in New York are adapting to the city's high costs and competitive market during the May art season. It highlights galleries like Europa, Esther, and Gordon Robichaux participating in multiple fairs simultaneously, such as Frieze New York and Independent New York, to maximize sales and visibility. Dealers like Pali Kashi and Silke Lindner emphasize strategic resourcefulness, with some sales already covering fair costs, while referencing artist Josh Kline's essay on how real estate pressures stifle artistic risk-taking.

15 Van Gogh Masterpieces that Set Auction Records

ARTnews published a listicle on May 19, 2026, detailing 15 Van Gogh masterpieces that set auction records, from *Landscape with Rising Sun* (1985) to *Portrait of Dr. Gachet* (1990). The article recounts landmark sales including *Sunflowers* ($39.9 million in 1987), *Irises* ($53.9 million in 1987), and *Portrait of Dr. Gachet* ($82.5 million in 1990), highlighting the buyers, provenance, and institutional homes such as the Sompo Museum of Art and the J. Paul Getty Museum.

In Pictures: the best of Venice at Frieze New York

Frieze New York 2025 features a curated selection of works by artists also showing at the Venice Biennale, including Precious Okoyomon, Alma Allen, Dayanita Singh, Alvaro Barrington, and Paulo Nazareth. The fair highlights pieces ranging from Okoyomon's intimate works on paper at Mendes Wood DM to Allen's bronze wall sculpture at Perrotin, priced between $30,000 and $150,000. Other notable stands include Nabil Nahas's fractal-inspired painting at Lawrie Shabibi and P420, Singh's archival photographs at Frith Street Gallery, and Barrington's carnival-themed paintings at Emalin, alongside a sculpture by Sung Tieu.

Tefaf New York wishlist: a Tiffany window and an Egyptian goddess with a nose job

The article highlights three standout artworks being offered at Tefaf New York. A Tiffany Studios stained-glass window, "Birches and Irises" (around 1915), designed by Agnes Northrop, is priced at $1.25 million through Macklowe Gallery. An Egyptian goddess bust from 570-526 BC, rediscovered at a regional auction in England and later authenticated after scientific study, is offered for £1.5 million by David Aaron. A painting by Cecily Brown, "Functor Hideaway" (2008), is listed at $3.9 million by Berggruen Gallery, coinciding with her current exhibition at London's Serpentine Gallery.

New £5.5m record for Islamic glass leads London sales

The spring Islamic and Indian art auctions in London, held at Sotheby's and Christie's in late April, achieved strong results despite geopolitical tensions. Sotheby's Arts of the Islamic World & India sales totaled £14.8m, while Christie's Art from the Islamic and Indian Worlds sale and the Mary and Cheney Cowles collection brought in £17.6m. The top lot was a rare 14th-century Mamluk gilded glass bowl from the Toledo Museum of Art, which sold for £5.5m—a new auction record for Islamic glass. Other highlights included a 17th-century Mughal astrolabe that sold for £2m at Sotheby's, setting a record for an Islamic scientific instrument, and strong sales of Iznik ceramics from two old English collections.

Loïc Gouzer’s Auction Platform Fair Warning to Sell Major Banksy at Tiffany’s Flagship Store

Loïc Gouzer's auction platform Fair Warning will sell Banksy's *Girl and Balloon on Found Landscape* from the 'Crude Oils' series in an invitation-only live auction at Tiffany & Co.'s Fifth Avenue flagship store on May 20. The work, which carries a $13 to $18 million estimate, modifies a thrifted landscape painting with the artist's signature red heart-shaped balloon. It will be publicly viewable in the store before the sale.

Philadelphia Is Rich With Museums and Galleries. ‘Elsewhere’ Aims to Find Out If It Can Support an Art Fair

Philadelphia gallerist Megan Galardi is launching a new art fair called Elsewhere, set to debut June 4–6 at the Yowie Hotel on South Street. The fair will feature 27 exhibitors from cities including London, New York, and Philadelphia, with seven local dealers such as Fleisher/Ollman, Blah Blah Gallery, and Fjord. Galardi, who founded Blah Blah Gallery in 2023 and has participated in small New York fairs like Spring/Break and Future Fair, designed Elsewhere as a boutique, hotel-based event that offers a lower-cost, more intimate alternative to large-scale art fairs.

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

Sotheby’s Buoyant $303.4 Million Modern Art Evening Sale: By the Numbers

Sotheby’s modern art evening sale on Tuesday night generated $303.4 million, with a 97.6% sell-through rate and a hammer total of $256.5 million. The top lot was Henri Matisse’s *La Chaise Lorraine* (circa 1919), which sold for $48.4 million after a prolonged bidding war. The house withdrew three lots before the sale to improve optics, and 85% of the lots were guaranteed, mostly by third parties. Asian collectors were active at seven-figure price points, contrasting with sparse high-end bidding at Christie’s the previous night.

'Reflection of resilience': Art Dubai's war-postponed edition opens to healthy sales

Art Dubai's 20th anniversary edition opened at Madinat Jumeirah after being postponed from April to May due to the US-Israel war in Iran and regional missile threats. Around 75 exhibitors dropped out, leaving roughly 50 participants, mostly from the region. The fair was reorganized in just eight weeks under executive director Benedetta Ghione and new director Dunja Gottweis, who created a new floor plan in a day and a half. The scaled-back format includes an embedded digital section, and initial sales have been strong, with works by Samira Badran, Mostafa Al Hallaj, Safeya Sharif, Alyazia Al Nahyan, Roudhah Al Mazrouei, and Nabil Anani selling at prices ranging from $3,500 to $360,000.

What is Nicole Kidman Doing in a Christie’s Video Promoting the Upcoming S.I. Newhouse Sale?

Christie’s has released a two-minute promotional video featuring actress Nicole Kidman interacting with Constantin Brancusi’s bronze sculpture *Danaïde* (1913), ahead of the S.I. Newhouse collection sale in New York. The sculpture carries a pre-sale estimate of $100 million, and the video—inspired by a Man Ray film of Lee Miller—shows Kidman dancing around the work to David Bowie’s “Golden Years.” The sale, scheduled for May 18, includes 16 masterpieces from the late media magnate’s collection, expected to total around $450 million.