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.

art basel digital art

Art Basel Miami Beach 2025 launched a new digital art section called Zero 10, featuring works like Beeple's robotic dogs with billionaire heads and Tyler Hobbs' generative art. The fair aimed to attract tech-sector buyers, with sales including IX Shells' interactive video installation for $140,000 and Jack Butcher's pay-what-you-wish installation drawing hundreds of new collectors. The section had surprisingly few screens, emphasizing conceptual engagement over spectacle.

art basel 2025 sales report

Art Basel 2025 in Switzerland, now in its 55th edition, opened with 289 exhibitors amid a soft and unpredictable art market. Major sales included a Ruth Asawa sculpture for $9.5 million at David Zwirner, a Gerhard Richter painting for $6.8 million, and a Keith Haring from 1983 for $3.5 million at Gladstone. The top reported sale was David Hockney's 'Mid November Tunnel' (2006) for $13-17 million at Annely Juda Fine Art. Hauser & Wirth headlined with a moody Mark Rothko from the early 1960s, while galleries adopted strategies of offering wide price ranges and diverse styles to hedge against market uncertainty.

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.

ultra contemporary chinese artists market

The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.

emma mcintyre 2025

Emma McIntyre, a New Zealand-born painter known for her oxidation technique using rust on canvas, has rapidly ascended in the art world. After earning MFAs in Auckland and Pasadena, she joined mega-gallery David Zwirner in 2024, with additional representation by Château Shatto in Los Angeles and Air de Paris. Her auction record was set at Phillips London in October 2025, with her work "Seven types of ambiguity" selling for $225,100. McIntyre's practice blends material experimentation—including iron oxide pigments and bubble wrap—with references spanning Greek myth to Rococo art.

philip falcone blce art loans picasso hirst ruling

The New York Supreme Court ruled against former hedge fund manager Philip Falcone in a case brought against pawnbroker BLCE over loans secured by artworks and a diamond ring. Judge Lyle E. Frank sided with BLCE's counter-claims of fraud and breach of contract, finding that Falcone made misrepresentations when securing loans with the same artworks—including pieces by Pablo Picasso, Damien Hirst, and Richard Prince—from multiple lenders. Falcone had claimed the ring was "wrongfully foreclosed," but the court determined he failed to raise genuine issues of material fact.

Christie’s to hold its first South Asian Modern art sale in London in seven years

Christie's auction house is launching a major sale titled 'Sublime Shadows' in London on June 11, featuring 93 works of South Asian Modern and contemporary art from an anonymous private collection. This marks the auction house's first dedicated South Asian Modern art sale in London since 2019, highlighting a surge in market activity and curatorial interest for the category.

Christie's 20/21 sales achieve $693 million

Christie's 20th and 21st Century Art sales in New York from 12-15 May 2025 achieved a total of $693 million across six sales, reaching 123% of the low estimate. The top lot was Piet Mondrian's 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.56 million. Other highlights included Claude Monet's *Peupliers au bord de l'Epte, crépuscule* (1891) at $42.96 million, and Marlene Dumas's *Miss January* (1997), which set a record for a living female artist. The Leonard & Louise Riggio collection alone brought $272 million, while the 20th Century Evening Sale achieved $217 million with a 100% sell-through rate. New artist records were set for Dorothea Tanning, Remedios Varo, Louis Fratino, Simone Leigh, and Emma McIntyre.

Marlene Dumas’s $13.6m semi-nude breaks auction record for a living female artist

Christie's 21st century evening sale on Wednesday achieved $79 million ($96.5 million with fees), falling within revised estimates but below original projections and prior sale totals. The standout lot was Marlene Dumas's 1997 painting *Miss January*, which sold for $13.6 million with fees, setting a new auction record for any living female artist. The sale saw three of four records set for women artists, including Simone Leigh, Emma McIntyre, and Louis Fratino, though bidding was subdued overall with heavy reliance on third-party guarantees.

11 New Artist Auction Records Set in May 2025

During New York's spring auction week starting May 12, 2025, major houses Sotheby's, Christie's, Phillips, and Bonhams collectively brought in $1.27 billion, slightly above the estimated $1.25 billion but down 17% from the previous year. The top lot was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) at $47.56 million, but the mood was tense as trophy works like Andy Warhol's *Big Electric Chair* (1967–68) were withdrawn and several top lots, including Alberto Giacometti's *Grande tête mince* (1955), failed to sell. Amid this volatility, 11 new artist auction records were set, five of which were for women artists, notably Marlene Dumas's *Miss January* (1999) selling for $13.65 million—the most expensive work by a living woman artist at auction.

Ex-Sotheby’s CEO Tad Smith Banks on NFTs, Agrees to Buy Collectibles Platform Candy Digital

Tad Smith, former CEO of Sotheby's and current chairman of the NFT project Doodles, has agreed to acquire most of the assets of the digital collectibles platform Candy Digital. Upon the deal's expected closure in the coming weeks, Smith will also assume the role of CEO, signaling a significant personal and financial bet on the future of the sector.

Institutional exhibitions, new records and large collections at auction. It's a boom for Indian and South Asian art

Mostre istituzionali, nuovi record e grandi collezioni in asta. È boom dell’arte indiana e dell’Asia meridionale

Christie's London will host "The Meeting Ground: Scenes from the KNMA Collection" from July 16 to August 21, 2026, featuring over 60 artists from India, Pakistan, and Bangladesh, with works dating from the 1950s to today. The exhibition is organized in collaboration with the Kiran Nadar Museum of Art in New Delhi and draws from the collection of Kiran Nadar, a prominent South Asian art collector. This follows a landmark auction at Sotheby's New York on March 26, 2026, where the Modern & Contemporary South Asian Art sale achieved $22.1 million, setting records for 12 artists including K.C.S. Paniker, Vivan Sundaram, and K.K. Hebbar. The sale was led by Maqbool Fida Husain's "Second Act" (1958) at $5.1 million, while his earlier record of $13.8 million for "Untitled (Gram Yatra)" was set at Christie's New York in March 2025, purchased by Nadar.

art basel ubs report women and gen z

The Art Basel & UBS Survey of Global Collecting 2025, authored by Clare McAndrew, surveyed 3,100 high-net-worth collectors across ten markets. It reveals that nearly three-quarters of respondents are Gen Z or Millennials, with Gen Z collectors allocating an average of 26% of their wealth to art—the highest of any age group. Female collectors outspent men by 46% in 2024 and the first half of 2025, and 51% of collectors purchased digital artworks. Direct purchases from artists surged to 63%, up from 27% two years earlier, with 35% buying via Instagram links.

Christie’s Spring Marquee Week Totals $693 Million 123% Over Low Estimate - Christie's

Christie's Spring Marquee Week, held May 12–15, 2025 in New York, generated $693 million in total sales, exceeding the low estimate by 123% and surpassing the auction house's totals from both May and November 2024. The week featured six evening and day sales, led by the $272 million Leonard & Louise Riggio: Collected Works sale, with the top lot being Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) selling for $47.6 million. Marlene Dumas' *Miss January* set a new auction record for a living female artist at $13.6 million, and additional records were set for Simone Leigh, Emma McIntyre, Louis Fratino, Dorothea Tanning, and Remedios Varo. The overall sell-through rate was 88% by lot, with strong bidding across all price bands.

Art Collectors Bet on Known Quantities Amid Market Reset

The Impressionist and Modern art category became the most lucrative market segment in 2025, generating $4.7 billion in sales—a 29.5% increase from 2024—as collectors favored established names amid a cautious market. The $10-million-plus bracket surged 68.6% to $1.5 billion, while the number of lots sold hit a decade high of 122,213. Postwar and contemporary art ranked second with $4.1 billion, but its average price per lot dropped to a decade low of $23,027. Old Masters saw a 41.2% rise to $708.6 million, partly driven by the Thomas A. Saunders III collection at Sotheby’s, though that sale fell short of estimates. Ultra-contemporary art continued its four-year decline, falling 26.5% to $229.9 million, with average prices tumbling 72.4% from their 2021 peak.

nifty gateway nft platform shutters

Nifty Gateway, one of the earliest and most prominent NFT marketplaces, announced it will shut down on February 23, 2026, citing sharply declining activity. The platform, founded in 2018 by twins Duncan and Griffin Cock Foster and acquired by Gemini in 2019, has entered withdrawal-only mode, advising users to move their assets before the deadline. At its peak in 2021, Nifty Gateway reported $300 million in gross merchandise value, boosted by a Sotheby's partnership for a $17 million NFT drop by the artist Pak. The closure follows the collapse of the NFT boom, with trading volumes plummeting and other platforms like Async Art, KnownOrigin, and MakersPlace already shuttered.