Vancouver-based collector Bob Rennie and his family have donated 24 significant contemporary artworks to the National Gallery of Canada in Ottawa. The gift features a major installation by Kerry James Marshall titled 'Wake' (2003–25), alongside works by Brian Jungen, Jin-me Yoon, and 17 pieces by Christopher Williams, marking the latter's debut in the museum's permanent collection.
Two major New York art fairs—NADA New York and Independent—opened this week alongside Frieze and TEFAF, marking a crowded spring fair season. Despite a recent market downturn, both fairs reported strong attendance and early sales. NADA's executive director Heather Hubbs noted high-quality visitors and positive feedback on the new venue, while Independent founder Elizabeth Dee cited a 20% increase in opening-day attendance and robust buying from collectors and institutions. Sales ranged from lower-priced works under $50,000 to six-figure transactions, with galleries like Vielmetter Los Angeles, Andréhn-Schiptjenko, and Fleisher/Ollman Gallery reporting significant sales.
The Dallas Art Fair has returned for its 2026 edition, signaling a period of stability with approximately 90 exhibitors and a higher retention rate than previous years. The fair continues to serve as a vital hub for the North Texas collecting community, characterized by a deliberate, relationship-driven approach to acquisitions. Notable activity included the Dallas Museum of Art's acquisition of six works for its permanent collection, including pieces by Nicole Eisenman and Raymond Saunders, funded through a $100,000 partnership with the fair's foundation.
The late Toronto collectors Morton and Carol Rapp have donated over 450 artworks by 203 artists to the Art Gallery of Ontario (AGO) from their estates. The gift includes major Pop art works: 13 screen prints by Andy Warhol, including four Marilyn Monroe portraits (1967); works by Robert Rauschenberg, Jasper Johns, Claes Oldenburg (including the sculptural print 'Teabag' from 1966), David Hockney, and Roy Lichtenstein; plus Barnett Newman's 1964 lithograph 'CANTO XVIII', marking the Abstract Expressionist's debut in the collection. The donation also features photography by Yinka Shonibare and Kara Walker. The couple, who began supporting the AGO in 1966, had previously donated 474 works, bringing their total contribution to nearly 1,000 pieces.
Frieze New York's VIP opening on Wednesday saw strong attendance despite economic uncertainty following President Donald Trump's April 2 tariff announcement, which caused stock market volatility. Gallerists reported early sales driven by institutional buyers, with works by Tuan Andrew Nguyen, Rashid Johnson, Lorna Simpson, Claire Tabouret, and WangShui finding homes at museums including the Moderna Museet, Dallas Museum of Art, and Heredium Museum. Notable sales included Jeff Koons's Hulk (Tubas) for over $3 million at Gagosian and a solo stand sellout for Claire Tabouret at Perrotin.
A Gustav Klimt painting, *Portrait of Elisabeth Lederer* (1914), sold for $236.4 million at Sotheby’s in New York, setting a new auction record for the artist and becoming the most expensive work ever sold at Sotheby’s as well as the most expensive Modern artwork at auction. The work was part of a sale dedicated to the collection of the late art patron Leonard Lauder, who died in June at age 92. The bidding lasted about 20 minutes, with Sotheby’s auctioneer Oliver Barker opening at $130 million; the winning bid of $205 million came from Sotheby’s staffer Julian Dawes, representing a phone client. The sale included two dozen works from Lauder’s trove, which also featured three Klimt paintings and six Henri Matisse bronzes.
Toronto-based Heffel Fine Art Auction House will host its Spring Auction on May 22, 2025, featuring a two-part sale: the Postwar and Contemporary Art sale at 5 p.m. EST, followed by the Canadian, Impressionist, and Modern Art sale at 7 p.m. EST. The auction highlights Canadian art from the past century, including works by Group of Seven members like Lawren Harris and Tom Thomson, as well as Refus Global artist Jean-Paul Riopelle. Notable lots include Harris's *Northern Lake* (1926) estimated at $2–3 million CAD, Riopelle's *Sans titre* (1952) with estimate upon request, and Thomson's *Autumn, Algonquin Park* (1914) estimated at $1–1.2 million CAD.
The Dallas Museum of Art acquired six works from the 2026 Dallas Art Fair, held April 16–19 at the Fashion Industry Gallery in the Dallas Arts District. The acquisitions, made possible by the Dallas Art Fair Foundation + Dallas Museum of Art Acquisition Fund, include pieces by Nicole Eisenman, Gloria Klein, Caroline Monnet, Hasani Sahlehe, and Raymond Saunders. Selections were made by DMA curators including Dr. Vivian Li, Ade Omotosho, Dr. Emily Friedman, Dr. Nicole R. Myers, and director Brian Ferriso. This marks the tenth year of the fund, which has added 78 works to the museum's permanent collection since 2016 through over $1 million in donations.
The Dallas Museum of Art (DMA) has selected several new works for its permanent collection through the Dallas Art Fair (DAF) Foundation Art Acquisition Fund. During the 2026 edition of the fair, curators and donors chose pieces by artists including Hasani Sahlehe, Caroline Monnet, Gloria Klein, Raymond Saunders, and Nicole Eisenman. The acquisitions span a variety of media, from large-scale abstract paintings and triptychs made of industrial materials to wood reliefs and works on paper.
Canadian collector and businessman Bob Rennie has donated 61 works valued at C$22.8 million ($16.8 million) to the National Gallery of Canada (NGC) in Ottawa. The gift, which took 18 months to plan, includes pieces by Yinka Shonibare, Mona Hatoum, Rodney Graham, Ai Weiwei, and others. It surpasses Rennie’s previous record donation of C$13 million in 2017 and brings his total contributions to the NGC to over C$35 million, comprising more than 260 works since 2012. Rennie, a longtime patron of the National Gallery of Canada Foundation, emphasized his approach of collecting artists in depth rather than for momentary sensation.
Cowley Abbott’s Fall Live Auction of Important Canadian Art will take place on November 26 at Toronto’s Globe and Mail Centre, featuring a curated selection of historical and contemporary Canadian works. Highlights include Jean Paul Riopelle’s *Sans titre* (1950, est. CA$1.2–1.5M), Emily Carr’s *Pole of Harhu* (1912, est. CA$800,000–$1.2M), Lawren Harris’s *Rocky Mountains; Abstract Composition* (est. CA$400,000–$600,000), Jack Bush’s *Awning* (1974, est. $200,000–$300,000), and Jean Paul Lemieux’s *Jeune fille en jaune* (1964). Founded in 2013 as Canada’s first online art auction house, Cowley Abbott has evolved into a hybrid gallery and digital marketplace, with onsite viewing at its Dundas Street West gallery through the auction date.
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Gustav Klimt's "Portrait of Elisabeth Lederer" sold at Sotheby's for $236.4 million on November 20, 2025, becoming the most expensive modern artwork ever auctioned and the second most expensive painting overall. The life-size oil painting, created between 1914 and 1916, depicts the 20-year-old daughter of prominent Jewish art collectors. After a 20-minute bidding war starting at $130 million, an anonymous telephone bidder won the work, which had been owned by cosmetics heir Leonard Lauder until his death in June 2025.
Gustav Klimt's portrait of Elisabeth Lederer sold for $236 million (£180 million) at Sotheby's in New York, setting a new record for the most expensive work of modern art ever sold at auction. The painting, completed between 1914 and 1916, depicts the daughter of Klimt's most important patrons and was part of the collection of the late cosmetics billionaire Leonard Lauder, who had purchased it in 1985. The sale took place during Sotheby's first evening sale at its new Manhattan headquarters, with bidding starting at $130 million and narrowing to two contenders before the hammer fell at $236 million.
Sotheby's Hong Kong achieved a white-glove sale of 125 works from Japan's Okada Museum of Art, totaling $88 million and setting auction records for Japanese artists Kitagawa Utamaro and Hokusai. The sale was driven by museum founder Kazuo Okada's need to settle a $50 million legal dispute with casino magnate Steve Wynn. Meanwhile, Canada's minority Liberal government passed a budget that includes a commitment to introduce artist resale rights, granting artists royalties when their work is resold through auction houses or galleries, a policy long advocated by arts nonprofits and cultural leaders.
The Hudson's Bay Company, a historic Canadian department store chain that declared bankruptcy in March, began selling off its art collection. On November 19, 27 paintings from the retailer's trove were auctioned by Canadian auction house Heffel, all selling well above estimate. The top lot was an impressionistic painting of a Marrakech street by Winston Churchill, which sold for $1.5 million, more than tripling its low estimate. Other notable sales included Frederic Marlett Bell-Smith's 'Lights of a City Street' at $691,250 and works by William von Moll Berczy and Charles Pachter.
Cowley Abbott's spring live auction, 'Select Masterworks of Canadian and International Art,' will take place on May 28, 2025, featuring over 90 lots. Highlights include works by Marcelle Ferron (Sans titre, 1964, est. $300,000–$400,000), Andy Warhol (Ladies and Gentlemen (Ivette and Lurdes), 1975, est. $70,000–$90,000), Emily Carr (Fir Trees, ca. 1935, est. $275,000–$375,000), Henri Le Sidaner (L’Escalier, Beauvais, ca. 1900, est. $100,000–$150,000), and Fernand Léger (Composition, 1950, est. $30,000–$50,000). The sale spans Pop art, Canadian Modernism, Post-Impressionism, and abstraction.
The U.S. Supreme Court has struck down a series of sweeping tariffs imposed by the Trump administration, ruling in a 6-3 decision that the executive branch exceeded its authority. Chief Justice John Roberts, writing for the majority, stated that the International Emergency Economic Powers Act (IEEPA) does not grant the president the power to unilaterally impose tariffs of unlimited scope and duration. While tariffs on steel and aluminum remain, the ruling removes the 10 percent global blanket tariff and the 25 percent reciprocal tariffs previously levied against Canada, China, and Mexico.
Art Toronto, Canada's largest art fair, took place from October 23-26 at the Metro Toronto Convention Centre, coinciding with the first two games of the MLB World Series between the Toronto Blue Jays and the Los Angeles Dodgers at the adjacent Rogers Centre. Despite concerns that the baseball championship might divert attention and sales, the fair saw increased attendance and a boost in purchases in the C$50,000 to C$100,000 range, according to director Mia Nielsen. Gallerists reported a positive mood, with the National Gallery of Canada even acquiring a work from Central Art Garage. The synergy between the events energized the city, though it worsened Toronto's notorious traffic.
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.
The article reports on the ten most expensive auction lots of 2025, led by Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer)' (1914), which sold for $236.36 million at Sotheby's, making it the second-most-expensive artwork ever sold at auction. The top end of the market rebounded after a quieter 2024, with the 100 most expensive lots totaling $2.13 billion, up from $1.8 billion the previous year. Nine of the top ten lots were sold during the marquee New York sales in November, where Sotheby's, Christie's, and Phillips together generated over $2 billion and set 16 artist auction records. The list includes multiple Klimt works from the collection of American philanthropist Leonard A. Lauder, as well as a Vincent van Gogh still life that sold for $62.71 million.
Christiana Ine-Kimba Boyle, a former director at Lehmann Maupin, Canada, and Pace, has launched Gladwell Projects, a nomadic gallery with a staff of one. The gallery's second show, "The Spirituality of Color," opens October 3 in a Harlem townhouse, featuring works by Sam Gillam, Kylie Manning, and others. Its first show, "The Metroplex," was held in collector Christie Williams's Dallas home during the Dallas Art Fair, resulting in acquisitions by the Dallas Art Museum. Ine-Kimba Boyle aims to present blue-chip rigor at a smaller, community-focused scale, part of a "Domestic Interventions" series in private homes.
Heffel Fine Art Auction House held its spring sales in Toronto on May 22, featuring an all-Canadian lineup of 85 lots with an estimated value of C$18m to C$22m. Despite rain and economic concerns, the two-session sale achieved C$22m total, led by Lawren Harris's *Northern Lake* (1926) at C$3.1m. Other highlights included record-breaking prices for Franklin Carmichael, Arthur Lismer, and A.Y. Jackson, plus strong results for Emily Carr and Tom Thomson works.
At the opening of "Riopelle: Crossroads in Time" at the Vancouver Art Gallery, philanthropist and collector Michael Audain gave a patriotic speech praising Quebecois modernist Jean Paul Riopelle. Amid US President Donald Trump's trade war and annexation threats, a wave of Canadian nationalism has boosted the domestic art market. Heffel Fine Art Auction House reports record online sales of Canadian art, with Riopelle works especially sought after due to major bequests to a new museum wing in Quebec, removing key pieces from the market. Collectors like Felix Tetu note rising prices and increased interprovincial buying, while the Riopelle Foundation's centennial promotions are bridging Canada's Anglophone-Francophone cultural divide.
Heffel Fine Art Auction House held its marquee autumn sales in Toronto on November 19, featuring four auctions that included works from the collection of the Hudson's Bay Company, North America's oldest company, which declared bankruptcy earlier this year. The marathon series of sales also included a single-owner auction of the late collector Lillian Mayland McKimm's holdings and two multi-owner sales of Canadian, Impressionist, modern, post-war, and contemporary art. Over 16 artists' secondary market records were broken, with total sales reaching C$31 million ($22.1 million). Notable highlights included E.J. Hughes' 'Entrance to Howe Sound' selling for C$4.8 million, more than doubling his previous record, and Winston Churchill's painting 'Marrakech' fetching C$1.5 million.
The Nicholas Metivier Gallery in Toronto has officially announced the representation of Tom Wilson Tehohàhake, a multidisciplinary artist, musician, and Order of Canada appointee. Wilson’s latest paintings are set to make their debut with the gallery at the upcoming Dallas Art Fair in April 2026. His work is characterized by vibrant, intricate patterns that incorporate elements of Mohawk beadwork and excerpts from his own literary writings.