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 Double-Header Totals $1.1 B., With Several Trophy Works Notching New Records

Christie’s held two evening sales on Monday—the S.I. Newhouse collection and a 20th-century art sale—that together generated $1.1 billion across 64 lots. The Newhouse tranche alone made $630.8 million, bringing the cumulative total of the collection to over $1 billion, making it likely the most expensive collection ever sold at auction after Paul Allen’s $1.7 billion blockbuster. Top lots included Jackson Pollock’s *Number 7A, 1948* at $181.2 million (the fourth most expensive painting ever sold at auction), Constantin Brâncuși’s *Danaïde* at $107.6 million, and a Mark Rothko work at $98.4 million.

Mark Rothko Painting Agnes Gund Hung in Her Living Room Sells for $98 M., Setting a Record

A Mark Rothko painting, *No. 15 (Two Greens and Red Stripe)* (1964), formerly owned by prominent art patron and Museum of Modern Art president emerita Agnes Gund, sold at Christie’s on Monday night for $98.4 million (including fees). The work, which Gund purchased directly from Rothko in 1967 and kept in her living room until her death last September, received about a dozen bids before hammering at $85 million to a buyer represented by Christie’s specialist Rachael White Young. The sale broke Rothko’s previous auction record of $86.9 million set in 2012 for *Orange, Red, Yellow* (1961), also at Christie’s New York.

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.

17 New Artist Auction Records Set in May 2026

New York's spring auction week, starting May 18, 2026, saw record-breaking sales led by Christie's, which realized over $1.1 billion across two opening night sales. Major estate consignments from Condé Nast owner S.I. Newhouse, MoMA trustee Agnes Gund, dealer Marian Goodman, and financier Robert Mnuchin fueled the market, resulting in 17 new artist auction records.

The shifting market for luxury: can legacy brands navigate new trends and buyers?

Bénédicte Épinay, president and CEO of Comité Colbert, is organizing 'Hidden Treasures,' an exhibition of French luxury brands at The Shed in New York in late May 2025, timed after Frieze art fair and auction week. The show features 96 French luxury brands, 17 cultural institutions, and six European luxury brands, including Musée du Louvre, Balenciaga, Louis Vuitton, and Cartier. The initiative is part of a broader cultural diplomacy strategy, following a similar exhibition in Shanghai in 2024 that helped reduce tariffs on cognac. The article also notes shifting luxury market dynamics, with strong US sales growth projected at 8% in 2026, while Europe remains stagnant, and emerging markets like India show new wealthy buyers driving auction house growth.

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.

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.

Behind Christie’s $1 B. Blockbuster Result, the Market Still Looks Uneven

Christie’s New York achieved over $1 billion in sales during a two-part evening auction, led by Jackson Pollock’s *Number 7A, 1948* which sold for $181.2 million. The sale, the first billion-dollar night since the Paul G. Allen collection in 2022, also saw records for other works and active bidding from a small group of buyers, including dealer Jeffrey Deitch. However, the blockbuster results mask a more cautious middle market, where works priced between $100,000 and $1 million remain slow to sell.

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.

Phillips’ $115.2 Million Evening Sale Was a Testament to the Power of Pre-Planning and Priority Bidding

Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.

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.

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.

Christie’s S. I. Newhouse Sale Totals $630.8 M., Bringing Cumulative Total to $1 B.

Christie’s evening auction of 16 works from media magnate S.I. Newhouse’s collection totaled $630.8 million with fees, setting multiple records. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million after a 10-minute bidding war, more than doubling Pollock’s previous auction record. Other highlights included Constantin Brâncuși’s *Danaïde* (ca. 1913), which set a new record for the artist at an undisclosed price above $82 million, and strong results for works by Joan Miró, Jasper Johns, and Pablo Picasso.

S.I. Newhouse’s Brâncuși Sells at Christie’s for Record-Breaking $107.6 M.

A Constantin Brâncuși sculpture titled *Danaïde* (1913), formerly owned by media magnate and top art collector S.I. Newhouse, sold at Christie’s on Monday night for a hammer price of $93 million, totaling $107.6 million with fees. This set a new auction record for the modernist sculptor, surpassing the previous record of $71.2 million set by another Brâncuși work in 2018. The bronze head with gold leaf and black patina attracted half a dozen bids before selling to a client represented by Maria Los, deputy chairman of client advisory Americas. The work was one of six bronze casts, the only gilded example still in private hands, and had notable provenance, having been purchased by Eugene and Agnes Meyer at Brâncuși’s first solo exhibition in 1914.

At TEFAF New York, the Masterpiece Market Had Plenty to Celebrate

TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.

Frieze New York 2026 Sales Report & Contemporary Art Market Trends

Frieze New York 2026 concluded with significant sales activity, as galleries reported strong demand for blue-chip contemporary works. The fair featured a mix of established and emerging artists, with notable transactions including major paintings by living artists and secondary market pieces. Dealers noted a cautious but steady market, with collectors focusing on high-quality, investment-grade works.

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.

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.

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.

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.

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.

Jackson Pollock breaks auction record with $181 million painting.

Jackson Pollock's painting *Number 7A* (1948) sold for $181.2 million at Christie’s in New York, shattering the previous auction record for the Abstract Expressionist artist by nearly three times. The evening sales also set new auction records for Mark Rothko and Constantin Brâncuși, and realized over $1 billion in a single evening, only the second time in auction history that threshold has been crossed.

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.

How Art Auctions Choreographed a $2.5 Billion Comeback

Major auction houses orchestrated a $2.5 billion comeback in the 2024 season after four years of uneven sales, according to a New York Times analysis. The recovery was engineered by redefining buyer and seller expectations, with houses adjusting estimates, guarantees, and sale structures to stimulate demand and close high-value transactions.

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.