Tina Kim Gallery has announced U.S. representation of the estate of Kim Lim, the British Singaporean sculptor and printmaker. The gallery will debut Lim's work at Art Basel in June, followed by a solo exhibition in New York in spring 2027—the first solo presentation of her work in the United States. Axel Vervoordt Gallery will continue to represent the artist's estate.
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.
Jean-Michel Basquiat's 1983 painting 'Museum Security (Broadway Meltdown)' sold for US$52.7 million at Sotheby's Now and Contemporary Evening Auction in New York, becoming the fifth-most expensive Basquiat ever auctioned. The work, estimated at over US$45 million and backed by an irrevocable bid, hammered at US$45.3 million to a telephone bidder represented by Sotheby's Lucius Elliott. The auction totaled US$266.8 million with fees, selling 40 of 44 lots, and combined with the preceding Robert Mnuchin collection sale—led by Mark Rothko's 'Brown and Blacks in Reds' at US$85.8 million—the evening brought in US$433.1 million.
A rediscovered portrait of Prince Rupert, long attributed to the studio of Anthony van Dyck and later to Jacob Huysmans, sold for CA$217,250 ($153,000) at Heffel Fine Art Auction House’s Spring Sale on May 21, more than double its low estimate. New research identified the work as by Peter Lely, court painter to King Charles II. The painting had belonged to the Hudson Bay Company for centuries and was part of a court-approved sale of the company’s collection following its 2024 bankruptcy. The 80-lot sale also saw a record for E.J. Hughes’s "Coastal Boats Near Sidney, BC" (1948), which sold for CA$5.7 million ($4.1 million), and strong results for Group of Seven artists Arthur Lismer, A.J. Casson, and Lawren Harris.