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The $53 M. Wingate Collection Comes to Sotheby’s, Led by a $25 M. Giacometti

The collection of modern and contemporary art assembled by David and Shoshanna Wingate over seven decades will be sold at Sotheby's in New York and London on May 19 and 20. The sale, comprising over 50 works by artists like Alberto Giacometti, Mark Rothko, and Wassily Kandinsky, is estimated to fetch between $37 million and $53 million, led by Giacometti's sculpture "La Clairière (Composition avec neuf figures)" with an estimate of $18 million to $25 million.

art ralph deluca photography market

Art advisor Ralph DeLuca, in his column "Street Smarts" for Cultured, analyzes the struggling photography market. He notes that photography auction sales have plummeted from a peak of $230.5 million in 2014 to just $116.9 million in 2024, attributing the decline partly to smartphones making photography seem effortless. DeLuca, who owns over 20,000 photographs, argues this downturn presents a rare buying opportunity for collectors to build museum-quality collections at lower prices.