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Five Questions for Five Advisors on the May Marquee Sales

The article reports on the May 2023 marquee auction sales at Christie's, Sotheby's, and Phillips, which collectively topped $2.5 billion—nearly double the $1.3 billion from the same period last year. The sales were headlined by the record-breaking $181.2 million sale of S. I. Newhouse's Jackson Pollock painting, Number 7A, 1948, and buoyed by the $630.8 million generated from Newhouse's 16-lot collection. ARTnews asked five art advisors for their takes on the sales, including insights on high attendance at previews, the performance of specific works like a Gerhard Richter painting from Marian Goodman's collection, and the emergence of millennial and Gen Z buyers.

‘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.

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.

King Arthur Manuscript Hidden in a Private Collection for 700 Years Is Coming to Auction

A 13th-century illuminated manuscript known as the Clermont-Tonnerre Grail, which has been hidden in a private collection for 700 years, will be offered at Christie’s Valuable Books and Manuscripts auction in July. The manuscript, devoted to the quest for the Holy Grail, Merlin, and King Arthur, is estimated at £1.5 million–£2 million ($2 million–$2.6 million). It is one of only three such manuscripts in private hands, with around 200 held by institutions.