Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

nicolas partys new miniature paintings are a hit will they reset his struggling auction market

Nicolas Party's exhibition "Dead Fish" at Karma gallery in Chelsea, New York, features approximately 40 postcard-sized oil-on-copper works and a mural of three dead fish, a departure from his usual large-scale pastel paintings. Only 10 of the works were for sale, priced between $165,000 and $205,000, and all sold quickly. The show includes replicas of his earlier compositions, described as a "retrospective in miniature," with many pieces drawn from his archive and not available for purchase.

magritte drawing ebay rago wright auction

An anonymous buyer purchased an untitled René Magritte drawing on eBay for $1,580 in January 2025. The work, executed in ballpoint pen, colored pencil, and pencil on paper, will be auctioned by Rago/Wright in Lambertville, New Jersey on May 21 with a high estimate of $150,000—a nearly hundred-fold increase. The drawing depicts three giant white chess pieces towering over a landscape and once belonged to Mora Henskens, companion of Harry Torczyner, a friend and collector of the artist. It was acquired by Henskens from Magritte's widow, Georgette Berger Magritte, and later sold through VanDeRee Auctions before appearing on eBay.

Italy Acquires Caravaggio's Barberini Portrait

italy acquires caravaggio barberini

The Italian Ministry of Culture has acquired a rare Caravaggio portrait of Maffeo Barberini, the future Pope Urban VIII, for €30 million ($35 million). The late 16th-century masterpiece, which had been hidden in a private collection for decades, will now reside permanently at Rome’s Palazzo Barberini. The acquisition follows a successful short-term loan and extensive technical analysis that confirmed the work's authenticity.

magritte bucksbaum collection sothebys sale

At Sotheby’s Modern evening auction, René Magritte’s 1942 painting *Le Jockey perdu*—which the artist considered a turning point in his career—sold for over $12.3 million, exceeding its high estimate. The work was part of a group of ten consignments from the estate of shopping mall magnate Matthew Bucksbaum and his wife Carolyn “Kay” Bucksbaum, influential collectors and philanthropists who met on a blind date in 1952. Alongside works by Salvador Dalí, Jean Dubuffet, Paul Klee, and Joan Miró, the evening sale netted more than $25 million, with remaining pieces appearing in subsequent day sales.

amoako boafo red dress consignor jesse williams

An Amoako Boafo painting, *Red Dress* (2017), has been consigned to Phillips’s upcoming modern and contemporary art day sale by actor and ARTnews Top 200 collector Jesse Williams. The work, estimated at $150,000 to $200,000, depicts Thelma Golden, director of the newly reopened Studio Museum in Harlem. It was previously featured in Boafo’s 2022 solo exhibition “Soul of Black Folks” at the Contemporary Arts Museum Houston. This marks another instance of a work from Williams’s collection appearing at Phillips, following a Noah Davis painting consigned by his ex-wife in 2024.

work of the week marlow moss

Marlow Moss's painting *White, Black, Blue and Red* (1944) sold for £609,600 ($819,912) at Sotheby’s Modern and Contemporary Evening Auction in London, far exceeding its presale high estimate of £480,000. The work, backed by a guarantee, sparked a bidding war among seven bidders and set a new auction record for the British Constructivist artist. The previous record was set in 2022 at Christie’s London.

Overdue payments to artists, landlords and workers at a popular gallery reflect pressures squeezing the dealer sector

The Hole, a prominent gallery with locations in New York and Los Angeles, is facing significant financial distress characterized by shuttered spaces and mounting legal disputes. Following a period of rapid expansion fueled by the 2021–2023 art market boom, the gallery has permanently closed its West Hollywood location and is currently facing multiple lawsuits from Manhattan landlords alleging over $180,000 in unpaid rent and taxes. Founder Kathy Grayson attributes the crisis to a sharp decline in sales starting in late 2023, which has left the gallery struggling to pay artists, staff, and creditors.

Basquiat's 'Museum Security' to Headline Sotheby's May 2026 Contemporary Evening Auction

Jean-Michel Basquiat’s monumental 1983 painting 'Museum Security (Broadway Meltdown)' is set to headline Sotheby’s Contemporary Evening Auction in May 2026. Estimated to fetch in excess of $45 million, the work is appearing at auction for the first time in over a decade. Before the sale, the canvas will undergo a global tour with stops at the Breuer building in New York, Hong Kong, Los Angeles, and London.

italy purchases rare caravaggio portrait

The Italian government has acquired a rare Caravaggio portrait for €30 million ($34.7 million), marking one of the state's most significant art purchases to date. The painting depicts Monsignor Maffeo Barberini, the future Pope Urban VIII, and was previously held in a private Florentine collection before being transferred to the permanent collection of the Palazzo Barberini in Rome.

kerry james marshall jean michel basquiat sothebys

Sotheby's has announced two major consignments for its November marquee auctions in New York: Jean-Michel Basquiat's "Crowns (Peso Neto)" (1981), estimated at $45 million, and an untitled Kerry James Marshall painting from 2008, estimated at $10–15 million. The Basquiat, painted on Christmas night 1981, debuted at Annina Nosei Gallery and Documenta 7, and was previously owned by collectors Thomas Worrell and José Mugrabi before being consigned by French actor Francis Lombrail. The Marshall, depicting a couple embracing at sunset, was purchased on the primary market and has remained in the same collection, recently appearing at the Church in Sag Harbor with lender Neda Young.

Sotheby's auction: Modern & contemporary art

Sotheby’s is holding its Modern and Contemporary Art auction during Singapore Art Week, featuring rare works that have not been publicly available for decades. Highlights include Walter Spies’s *Die Schlittschuhlaufer (The Ice Skaters)*, estimated at $980,000–$1.8 million, and Raden Saleh’s *The Eruption of Mount Merapi, by day*, appearing at auction for the first time after being held in a private European collection for over a century. Other notable lots include works by Pacita Abad, Marc Chagall, Zao Wou-ki, Mai Trung Thu, and David Hockney. Public exhibition runs January 22–25 at The Singapore Edition, with the live auction on January 25.

works by auerbach chadwick and hepworth to spearhead christies modern british and irish art sale in london

Christie’s London has announced its Modern British and Irish Art sale scheduled for March 18, featuring a curated selection of 26 works. The auction is led by Frank Auerbach’s "Christmas Tree at Mornington Crescent," estimated at up to £2 million, alongside significant sculptures by Lynn Chadwick and Barbara Hepworth. Other notable entries include a monumental bronze by Chadwick titled "Back to Venice" and a 1986 painting by Bridget Riley.

Rare art lands in new downtown Calgary gallery ahead of auction

Cowley Abbott Fine Art, a Toronto-based auction house, has opened its first permanent western Canada gallery in Calgary's East Village. The new space launches with a three-day public preview of museum-quality artworks heading to its Spring Live Auction on May 27 at the Globe and Mail Centre in Toronto. Highlights include rare works by Pierre-Auguste Renoir, Vincent van Gogh, Emily Carr, and members of the Group of Seven such as Lawren Harris and A.Y. Jackson. Among the standout pieces is Emily Carr's 1936 canvas "Wind," estimated at $500,000 to $700,000, and a Lawren Harris painting valued similarly. The gallery aims to attract both collectors and casual visitors, with Peter Ohler, Western Canada Representative and Director of Private Sales, emphasizing that the space is open to anyone interested in art.

Willem de Kooning | Kneeling Woman (1966)

Willem de Kooning's 1966 work "Kneeling Woman" has ended its bidding process, with the listing appearing on a platform that aggregates auction results and available works. The piece, an oil on paper on board measuring 23.5 by 11.5 inches, is signed and has a known provenance including Harold Diamond, a private collection in Baltimore, Solomon & Co. Fine Art, Robert Peyser, and a Sotheby's sale in 2019. It was previously exhibited at the Nassau County Museum of Art in 1981 as part of "The Abstract Expressionists and Their Precursors" show.

gerrit dou headlines christies london old masters sale

Christie’s will offer Gerrit Dou’s "The Flute Player" (ca. 1636) as the leading lot in its Old Masters Evening Sale on December 2 in London. The painting, Dou’s first depiction of a musician, carries an estimate of £2 million to £3 million ($2.6 million–$4 million). It has been in an English collection for 125 years, previously owned by William Proby, Fifth Earl of Carysfort, and is appearing on the market for the first time in over a century.

Caravaggio portrait of influential patron—and future Pope Urban VIII—purchased by Italy for €30m

The Italian government has acquired a rare Caravaggio portrait of Maffeo Barberini, the future Pope Urban VIII, for €30 million following a year of negotiations with private owners. The 17th-century masterpiece, which depicts one of the artist's most influential patrons, will join the permanent collection of the Galleria Nazionale d'Arte Antica at Palazzo Barberini in Rome. It represents one of the largest sums ever paid by the Italian state for a single work of art.

Modern and Contemporary African and Middle Eastern Art: Olympia Auctions’ Largest Sale to Date

Olympia Auctions will hold its largest-ever sale of Modern and Contemporary African and Middle Eastern Art on May 7, 2025, in London. The auction features over 100 lots including works by pioneering Nigerian artists appearing at auction for the first time, Egyptian modernists from the Zulficar collection, classic South African paintings from a major collection, and Botswanan works on paper. Highlights include a portrait of Oum Kalthoum by George Bahgoury (estimate £25,000-30,000) and satirical portraits by Kingsley Obasi. Olympia Auctions expert Janet Rady, who has led the secondary market for Middle Eastern art since 2013, curated the sale.

L’arte italiana del Dopoguerra va in asta da Sotheby’s a Milano: tutti i nomi più attesi

Sotheby's will hold a live auction of Modern and Contemporary Art at Palazzo Serbelloni in Milan on May 27, 2026, featuring major Italian post-war artists. Highlights include works by Lucio Fontana, Giorgio Morandi, Carla Accardi, Alighiero Boetti, Emilio Vedova, Salvo, Piero Dorazio, and Tancredi, many appearing at auction for the first time. Key lots include Fontana's "Concetto Spaziale, Attese" (1965-66, estimate €700,000-1,000,000) and a Yves Klein monochrome from 1959.

A Francis Bacon self-portrait and a Surrealist avian painting: our pick of the March auctions

Major auction houses in London are preparing for a series of high-profile sales in March, featuring significant works by Francis Bacon, René Magritte, and Osman Hamdi Bey. Highlights include a 1972 Bacon self-portrait gifted to his doctor following a studio injury, a rare Magritte "leaf-bird" painting appearing at auction for the first time in 25 years, and a monumental 19th-century work by Turkish artist Osman Hamdi Bey being sold by the Penn Museum.