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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.

This month’s blockbuster auctions in New York could bring upwards of $2.5bn

This month's May auctions in New York are projected to generate between $1.8 billion and $2.6 billion across Christie’s, Sotheby’s, Phillips, and Bonhams. Major highlights include the estates of legendary dealers Marian Goodman and Robert Mnuchin, with top lots such as Gerhard Richter's *Kerze (Candle)* (est. $35m–$50m) at Christie's and Mark Rothko's *Brown and Blacks in Reds* (est. $70m–$100m) at Sotheby's. Additional offerings include works from the late S.I. Newhouse collection, featuring Jackson Pollock's *Number 7A* and Constantin Brâncuși's *Danaïde*, each estimated at $100m, as well as pieces from the collections of Agnes Gund and Marilyn Arison.

Sold-out Phillips auction in New York brings in $115.2m, more than double 2025 result

Phillips’s marquee spring auction in New York achieved a sold-out result, bringing in $91.73 million hammer ($115.2 million with fees), more than double the equivalent sale from a year ago. The top lot was Andy Warhol’s *Sixteen Jackies* (1964), which sold for $13.5 million ($16.2 million with fees), while a Jackson Pollock drip painting that had failed to sell in a previous auction found a buyer at $7.4 million. Fierce bidding occurred for contemporary works by artists with tightly controlled primary markets, such as Salman Toor, whose *Two Friends* (2020) surpassed its high estimate.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

Sotheby’s Pulls In $303.9 M. in a Solid but Subdued Modern Evening Sale Led by $48 M. Matisse

Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.

Sotheby’s Hauls In $304 Million at Modern Art Auction, as Market Momentum Continues

Sotheby’s achieved $303.9 million in its modern art auction in New York, led by Henri Matisse’s *La Chaise Lorraine* (circa 1919) at $48.4 million and Pablo Picasso’s *Arlequin (Buste)* at $42.6 million. The sale included an auction record for a painted bottle, René Magritte’s *Femme-bouteille* (1955), which sold for $974,000. The auction featured conservatively priced material from smaller estates, with a 97.6% sell-through rate and a 63% increase over a similar sale last year.

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.