Marian Goodman’s Gerhard Richters Total $78.8 Million in $162.7 Million Christie’s Sale

Christie’s 21st-century evening sale in New York on Wednesday achieved $162.7 million, its highest total in the category since 2021. The sale featured eight works from the collection of the late dealer Marian Goodman by Gerhard Richter, which together sold for $78.8 million, nearly half the evening’s haul. Richter’s photorealistic candle painting *Kerze (Candle)* (1982) hammered at $30 million, below its $35 million low estimate, but still set a new auction record for the series. Other Richters performed strongly, with six of seven exceeding high estimates, including *Mohn (Poppy)* (1995) at $20.1 million. A modest Basquiat work on paper, *Asbestos*, sold for $6.54 million, and one lot by Ed Ruscha was bought in.

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 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.

venus over manhattan closing adam lindemann

Adam Lindemann announces the closure of Venus Over Manhattan, the gallery he founded in 2012 after a career as a contemporary art collector and writer. The gallery opened with a show titled "À Rebours," inspired by a novel about a decadent aristocrat, and featured works by Warhol, Hammons, and others—a show that famously saw a Dalí stolen from the wall. Over its 14-year run, Venus Over Manhattan mounted exhibitions including a Maurizio Cattelan show during a market lull, a Calder installation with spotlights and fans, and a show mixing African masterpieces with works by Koons, Prince, and Hirst. Lindemann reflects on the challenges of opening a gallery against advice, the theft that made international news, and the quiet validation he received from artists like David Hammons.

consignors revealed new york auctions may 2025

The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

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.

The Most Expensive Jean-Michel Basquiat Works Ever Sold at Auction

ARTnews published a listicle ranking the most expensive Jean-Michel Basquiat works ever sold at auction, updated as of May 15, 2026. The article traces Basquiat's rise from street artist under the moniker SAMO to a major figure in the downtown New York scene, highlighting key relationships with Keith Haring, Diego Cortez, and curator Henry Geldzahler. It notes that Basquiat's entire mature output was created between 1981 and 1984, and that his 1983 painting *Museum Security (Broadway Meltdown)* sold at Sotheby's in May 2026 for $52.7 million, placing it among his top sales. The piece also details earlier top sales, including *Untitled* (1982) for $29.3 million at Christie's in 2013 and *Flesh and Spirit* (1982–83) for $30.7 million at Sotheby's in 2018.

S.I. Newhouse’s 11-Foot-Wide Jackson Pollock Drip Painting Sells for Record-Breaking $181.2 M.

A Jackson Pollock drip painting, *Number 7A* (1948), formerly owned by media magnate S. I. Newhouse, sold at Christie’s on Monday night for a hammer price of $157 million, totaling $181.2 million with fees. The work, measuring nearly 11 feet wide, received over 60 bids in a 10-minute bidding war and set a new auction record for the Abstract Expressionist artist, surpassing the previous high of $61 million set in 2021. The winning bid was placed by a buyer represented by Christie’s global president Alex Rotter, with Swiss mega-dealer Iwan Wirth acting as an underbidder, possibly for collector Laurene Powell Jobs.

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.

november marquee auction sales midpoint analysis

Christie's and Sotheby's November marquee auctions in New York generated a combined $1.4 billion, with Sotheby's achieving a record $706 million from a double-header sale. The highlight was Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), sold for $236.4 million from the collection of late cosmetics heir Leonard Lauder, becoming the most expensive modern artwork ever sold at auction. Christie's Monday sale brought in $690 million, falling short of its $731.5 million high estimate but still marking a 42% increase over its equivalent sale last November.

christies 21st century auction may 2025 marlene dumas

Christie's 21st century evening sale on May 14, 2025, generated $96.4 million against a presale low estimate of $79.5 million, with 39 lots offered and a sell-through rate of 90% before withdrawals. The top lot was Jean-Michel Basquiat's 'Baby Boom' (1982), which sold for $23.4 million with fees, consigned by collector Peter M. Brant. Marlene Dumas's 'Miss January' (1997) achieved $13.6 million, setting a new record for the most expensive living female artist, surpassing Jenny Saville's previous record. Other notable sales included Simone Leigh's 'Sentinel' (2020) at $5.7 million, while works by Ellsworth Kelly and Felix Gonzalez-Torres failed to sell.

mondrian christies riggio

Christie’s marquee auction on Monday night in New York generated $488.8 million in total sales, led by Piet Mondrian’s 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.6 million—just shy of the artist’s $51 million auction record. The sale featured the Leonard & Louise Riggio collection, the largest single collection of the season, comprising 39 works estimated at $252–326 million; after one withdrawal and one unsold lot, the group achieved $271.9 million. Many high-profile lots, including works by Alberto Giacometti, René Magritte, Barbara Hepworth, Gerhard Richter, Mark Rothko, and Andy Warhol, sold on single bids to third-party guarantors, reflecting a cautious market.

Richter and Judd works top Christie's solid if not stellar sale of post-war and contemporary art

Christie’s held a two-part evening sale on May 20, featuring 42 lots from the estate of dealer Marian Goodman and the single-owner collection of Henry S. McNeil Jr. The auction achieved a hammer total of $132 million ($162.6 million with fees), just above the low end of its pre-sale estimate. The top lot was Donald Judd’s untitled plexiglass and copper stack sculpture, which sold for $12.8 million with fees, setting a new record for a Judd stack at auction. A surprise standout was Richard Artschwager’s Two-Part Invention (1967), which hammered at $500,000—more than six times its high estimate. The McNeil collection achieved a white-glove sale, while all but two of the eight Gerhard Richter works from the Goodman collection were guaranteed by third parties.

The Night of Records at Christie’s in New York. Here’s How the Mega Art Auction of More Than a Billion Dollars Went

La notte dei record di Christie’s a New York. Ecco com’è andata la mega asta d’arte da più di un miliardo di dollari

On May 18, 2026, Christie’s in New York held a landmark evening auction that surpassed $1.1 billion in total sales, driven by two sessions: Masterpieces: The Private Collection of S.I. Newhouse and a sale of 20th-century art. The Newhouse collection alone brought in $631 million, making it the second most valuable collection ever sold at auction, behind Paul Allen’s $1.7 billion sale in 2022. Record prices were set for Jackson Pollock’s Number 7A, 1948, which sold for $181.2 million, and Constantin Brancusi’s Danaïde (1913), which fetched $107.6 million, a record for a sculpture at auction. Other artists achieving strong results included Mark Rothko, Joan Miró, and Alice Neel.

London Saw Few Auction Shakeups as Guarantees Steadied the Market

Christie’s marquee evening sales in London achieved a combined total of £197.5 million ($263.8 million), characterized by a steady, prearranged atmosphere rather than high-stakes drama. The auction house relied heavily on financial safety nets, with a 52 percent year-over-year increase in third-party guarantees ensuring the sale of 21 key lots. While the event featured a theatrical unveiling of a new rostrum designed by Sir Jony Ive, the actual bidding remained largely conservative and focused on blue-chip stability.

Christie’s Holds Its Nerve Mid-Marathon as the 21st Century Evening Sale Secures a Steady $123.6 Million

Christie's 21st Century Evening Sale on November 20 achieved $123.6 million across 45 lots, with a 98% sell-through rate. The top lot was Andy Warhol's *The Last Supper*, selling for $8.1 million with fees, while works from the collection of Stefan Edlis and Gael Neeson brought in $49.2 million. The sale included strong results for Christopher Wool, Cindy Sherman, and Diego Giacometti, though it lacked the record-breaking fireworks of earlier sessions.

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.

$181.2 Million Pollock, $107.6 Brancusi Million Sell at Christie’s, as Records Fall

Christie's New York auctioned 16 works from the collection of late media magnate S.I. Newhouse for a total of $630.8 million, far exceeding the $450 million estimate. The top lot was Jackson Pollock's "Number 7A" (1948), which sold for $181.2 million, setting a new auction record for the Abstract Expressionist and making him the latest artist to join the $100 million club. Minutes earlier, Constantin Brancusi's bronze sculpture "Danaïde" (1913) achieved $107.6 million, also a record for the Romanian modernist and the second-highest price ever for a sculpture at auction.

christies h1 2025 auction sales report

Christie’s announced a projected sales total of $2.1 billion for the first half of 2025, matching its H1-2024 figure. While art categories like Impressionist, modern, and Old Masters saw modest growth—Old Masters sales rose 15% to $55 million—luxury categories (handbags, watches, cars, jewelry) surged nearly 30% to $468 million, now accounting for 22% of the total. Notable sales included René Magritte’s *La reconnaissance infinite* (1933) for £10.3 million and Piet Mondrian’s *Composition with Large Red Plane, Bluish Grey, Yellow, Black, and Blue* (1922) for $46.7 million. Guaranteed lots remained low at 1.5%, and the sell-through rate held steady at 88%.

len riggios mondrian christies auction

A 1922 painting by Piet Mondrian, *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, sold at Christie’s New York for $47.6 million, falling short of its $50 million-plus estimate and the artist’s auction record of $51 million set in 2022. The work was the highlight of the “Leonard & Louise Riggio: Collected Works” sale, a 39-lot trove from the late Barnes & Noble founder and Dia Art Foundation chairman, estimated at up to $326 million. The painting sold to a single phone bidder, likely the guarantor, with no room action.

3 key insights from the art business conference new york

The sixth edition of the Art Business Conference took place in Midtown Manhattan on May 22, drawing over 200 art professionals including gallery staff, auction-house specialists, and lawyers. Chaired by former Artnet executive editor Julia Halperin and founded by Louise Hamlin, the event featured keynotes and panels addressing the state of the art market, legal challenges, and the impact of tariffs. Christie’s CEO Bonnie Brennan reported a $700 million haul from recent auctions, noting a thin top end but strong activity for female Surrealists and Simone Leigh sculptures. Advisors Megan Fox Kelly and Alex Glauber described the market as 'recalibrating' rather than in crisis, with buyers showing increased selectivity.

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.

art auction new york record breaking

Gustav Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.4 million at Sotheby's on November 18, becoming the second-most expensive painting ever sold at auction and the most expensive work ever sold by the house. The sale was part of New York's marquee November auctions, which generated over $2 billion in a single week—more than 50 percent above last year's total—driven by high-profile estates including that of cosmetics heir Leonard A. Lauder. Other notable sales included Mark Rothko's *No. 31 (Yellow Stripe)* for $62.2 million at Christie's, Marc Chagall's *Le songe du Roi David* for $26.5 million, and Frida Kahlo's *El sueño (La cama)* for $55 million, setting a new record for the artist and the highest sum for a work by a female artist at auction. Phillips also sold a juvenile Triceratops skeleton named CERA for $5.4 million.

alex rotter christies private auctions market rebound interview

Christie’s Global President Alex Rotter discusses the auction house’s strong November sales, which brought in $690 million across two evening sales in New York, with sell-through rates exceeding 96%. In an interview with ARTnews, Rotter attributes the rebound to restored confidence rather than a sudden influx of money, noting that he sensed a turning point as early as September through subtle improvements in mid-season sell-through rates. He also addresses Christie’s growing use of private auctions, which he describes as "basically a private sale, just with competition."

christies 21st century evening sale totals november 2025

Christie's 21st-century evening sale on Wednesday, November 2025, achieved a hammer total of $99.7 million on 44 lots, within the pre-sale estimate of $87.5–$127 million. With fees, the final total reached $123.6 million. The sale opened with 18 lots from the collection of Chicago philanthropists Stefan Edlis and Gael Neeson, featuring works by Cindy Sherman, Andy Warhol, Tom Wesselmann, and Diego Giacometti. A Giacometti coffee table sparked a seven-minute bidding war, selling for $4.53 million. Three artist records were set: Firelei Báez ($1.1 million), Olga de Amaral ($3.1 million), and Joan Brown ($596,500). Only one work, by Cecily Brown, failed to sell.

christies marquee fall 20th century evening sale report

Christie’s fall marquee 20th-century evening sales on Monday night generated a combined $690 million across two auctions, far exceeding the pre-sale low estimate of $534.7 million. The first sale featured 18 lots from the collection of the late Robert and Patricia Ross Weis, including works by Picasso, Matisse, Mondrian, and Rothko, while the second 62-lot sale included pieces by Calder, Hockney, Chagall, and Giacometti. Bidding wars drove 16 lots to sell at or above their high estimates, with adviser Ralph DeLuca winning several high-profile battles, including a Matisse painting for $32.3 million and a Max Ernst sculpture for $20.2 million. The sell-through rate was 97% by value and 96% by lot, with only one withdrawn lot and three unsold works.

christies hauls in 690 million at robust 20th century art sale led by 62 million rothko

Christie’s kicked off the fall auction season in New York with a two-part 20th-century art sale that brought in approximately $690 million, led by Mark Rothko’s *No. 31 Yellow Stripe (1958)*, which sold for $62.2 million. The evening featured 18 works from the collection of Robert F. and Patricia G. Ross Weis, totaling $218 million, followed by a 61-lot main sale that realized $471.7 million. Other top lots included Claude Monet’s *Nymphéas (1907)* at $45.4 million and a new auction record for Beauford Delaney’s *The Sage Black (1967)* at $1.5 million.

by the numbers christies 20th century sale totals modest 217 million

Christie’s held a doubleheader evening sale on May 12, 2025, featuring its regular 20th-century art auction and the Riggio collection. The various-owners sale achieved $216.9 million in total sales after fees, a 52% decline from the $413 million equivalent sale the previous year. The top lot was Claude Monet’s *Peupliers au bord de l’Epte, crépuscule* (1891), which sold for $42.9 million with fees. The sale had a 94% sell-through rate, with 34 of 36 lots sold and none bought in. Notable moments included a new auction record for Dorothea Tanning at $2.3 million and a strong result for Remedios Varo’s *Revelación* (1955) at $6.22 million.

christies riggio modern art new york evening auctions 2025

Christie’s spring marquee auctions in New York brought in a combined $489 million with fees across two evening sales: the Leonard & Louise Riggio: Collected Works sale and the 20th Century sale. The Riggio collection, featuring 39 works heavy on Surrealism, modernism, and Minimalism, achieved $272 million with buyer’s premium, led by Piet Mondrian’s Composition With Large Red Plane, Bluish Gray, Yellow, Black and Blue (1922) at $47.56 million and René Magritte’s L’empire des lumières (1949) at $34.9 million. The 20th Century sale included major canvases by Monet, Rothko, and Warhol, but the hammer total of $409 million fell below the $446 million pre-sale low estimate, indicating the auction house did not meet expectations.

Art market bounce back continues in New York with Christie's $123.5m 21st-century sale

Christie’s 21st-century evening sale at Rockefeller Centre in New York on 19 November achieved $99.5 million before fees ($123.5 million with fees), surpassing last November’s equivalent sale of $106.5 million with fees. The sale featured 45 lots, with only one unsold (a Cecily Brown abstract), resulting in a 2% buy-in rate. Three artist records were set for Firelei Báez, Joan Brown, and Olga de Amaral. A major highlight was the collection of Chicago collectors Gale Neeson and the late Stefan Edlis, comprising 19 lots that realized $40.3 million ($49.2 million with fees), including works by Andy Warhol, Richard Prince, and Diego Giacometti. Other notable sales included Cindy Sherman’s *Untitled Film Still #13* (1978) at $2.2 million with fees, Ed Ruscha’s *How Do You Do?* at $6.7 million with fees, and a Warhol *The Last Supper* (1986) sold to Paris dealer Frederic Larroque for $8.1 million with fees.