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may 2025 art auctions consignors

The article previews the upcoming May 2025 marquee art auctions in New York, led by Christie's, Sotheby's, and Phillips. Key consignors include the collection of late Barnes & Noble founder Leonard Riggio and his wife Louise, along with works from Anne and Sid Bass, Tiqui Atencio, Daniella Luxembourg, the estate of Barbara Gladstone, and the San Francisco Museum of Modern Art. Notable lots include Dorothea Tanning's 'Endgame' (est. $1M–$1.5M), Robert Motherwell's 'Elegy to the Spanish Republic No. 160' (est. $3.5M–$5.5M), and Andy Warhol's 'Big Electric Chair' (est. $30M). The article also reveals undisclosed consignors through research, such as the family of Harold and Gertrud Parker for the Tanning work and the Hess Art Collection for the Motherwell.

are trophy lots losing their luster

New York's marquee spring auctions in May 2025 tested the theory that strong supply drives demand, but results were mixed. Alberto Giacometti's *Grande tête mince* (1955), estimated at $70 million, failed to sell at Sotheby's, while Christie's withdrew a $30 million Andy Warhol electric-chair painting. The top lot of the week was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922), which fetched $47.6 million from the collection of late Barnes & Noble founder Len Riggio. However, Christie's pre-sold 93% of that collection's value to third-party backers, and the house fell $26 million short of its guaranteed amount. Sotheby's avoided financial risk on the Giacometti by not guaranteeing it, still earning $34.4 million in buyer's premiums. A new record for a living woman artist was set when Marlene Dumas's *Miss January* (1997) sold for $13.6 million at Christie's, though adjusted for inflation it fell short of Jenny Saville's 2018 record.

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.

christies first half results 2025

Christie's reported that its auction sales for the first half of 2025 totaled $2.1 billion, identical to the same period last year, suggesting the art market may be stabilizing. However, the $2.1 billion figure marked a 22 percent drop from the first half of 2023, indicating stabilization at a lower level. The house sold seven of the top 10 works at auction, led by Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black, and Blue* (1921) for $47.6 million from the collection of Barnes & Noble founder Leonard Riggio. Luxury sales rose 29 percent, while Old Master sales increased 15 percent, but Asian art and Classics fell 28 percent and 32 percent respectively. The Americas led buyer activity at 45 percent, followed by EMEA at 34 percent and APAC at 21 percent.

art market minute may 12

New York's marquee auction season begins this week, headlined by Christie’s offering the $250 million art collection of Barnes & Noble founder Len Riggio, including Pablo Picasso’s *Femme à la coiffe d’Arlésienne sur fond vert (Lee Miller)*. Meanwhile, the U.S. State Department has released the grant application for the 61st Venice Biennale, introducing tighter deadlines and new ideological guidelines. Separately, Sotheby’s Hong Kong has postponed an auction of ancient Indian gemstones linked to the Buddha.

Walk the auction: your guide to Christie’s 20th and 21st Century Art sales in NY this May

Christie’s is holding its spring 20th and 21st Century Art sales week in New York from 12–15 May 2025, featuring over 500 works across six live auctions. Highlights include the single-owner collection of Leonard and Louise Riggio, led by a rare Piet Mondrian and René Magritte’s *Les droits de l'homme*; the 20th Century Evening Sale headlined by a Claude Monet from his *Les Peupliers* series; and the 21st Century Evening Sale, where Jean-Michel Basquiat’s *Baby Boom* sold for $23.4 million. Other notable consignors include Anne and Sid Bass, Tiqui Atencio, and Ago Demirdjian. The free public exhibition runs from 3–15 May at Christie’s Rockefeller Center galleries.

From Mondrian to Man Ray, Here Are the Best-Sellers at Auction So Far This Year

The article analyzes the best-selling artworks at auction in the first half of 2025, covering Old Masters, Impressionist and Modern, and Postwar categories. Notable sales include a pair of Francesco Guardi views of Venice that sold for $10.5 million at Sotheby’s New York, a Piet Mondrian abstraction from the estate of Barnes & Noble founder Leonard Riggio that fetched just under $50 million, and a monumental rhinoceros-shaped desk by François-Xavier Lalanne that more than tripled its high estimate after a 13-minute bidding war. The report highlights that Old Masters sales were up 24% year-over-year, while top Impressionist and Modern lots saw lower prices compared to 2024.