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sbi art auction modern legacy bloom now

SBI Art Auction is set to host a major two-day auction event in Tokyo this March, coinciding with Art Fair Tokyo. The first sale, "Modern Legacy," features a prestigious single-owner Japanese collection including masterpieces by Léonard Tsuguharu Foujita, Edvard Munch, and Egon Schiele. The second sale, "Bloom Now," focuses on contemporary and Pop art, highlighting works by Roy Lichtenstein and Takeda Teppei, with the combined events carrying a low estimate of JPY 1.25 billion ($7.9 million).

getty luis de morales christ painting restoration

The Getty Museum in Los Angeles has acquired and restored Luis de Morales's "Christ Carrying the Cross" (c. 1565), a 16th-century Spanish Renaissance painting. The work, which had been covered in discolored varnish and enlarged with wooden strips, was carefully conserved by Getty conservator Kari Rayner, who removed non-original paint to reveal the artist's original composition. The painting first appeared at auction in 2021 at Nagel Auktionen, initially attributed to Morales's studio with a €10,000 estimate, but later sold for €1.2 million before the Getty acquired it from the Daniel Katz Gallery.

Diane Keaton’s Iconic Wardrobe and Art Collection Head to Auction

Bonhams auction house, in collaboration with the Fine Art Group, is organizing a four-part, 550-lot sale of Diane Keaton's personal belongings. The sales, taking place online and in New York from late May to mid-June, will include her iconic wardrobe, Hollywood memorabilia, home furnishings, and a significant portion of her art collection, featuring works by artists like Robert Rauschenberg and Ed Ruscha, as well as her own mixed-media collages.

jean michel basquaits 45 m crowns peso neto to headline sothebys fall auctions in new york

Sotheby's will offer Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* as the headline lot of its contemporary evening sale in New York this fall, carrying a high estimate of $45 million. The work, which has never been auctioned before, debuted at Basquiat's landmark 1982 solo show at Annina Nosei Gallery and later appeared at Documenta 7. It will be exhibited in London during Frieze Week, then in Paris coinciding with Art Basel Paris, before arriving at Sotheby's new Breuer Building headquarters in New York ahead of the November 8 sale.

wade guyton artwork inigo philbricks flops at sothebys

A Wade Guyton artwork (2007) that was forfeited by Inigo Philbrick's business partner Robert Newland failed to sell at Sotheby's New York in late March 2025, carrying an estimate of $200,000 to $300,000. The same piece had previously sold for $208,000 at a U.S. Marshals Service auction in Texas in August 2023, a steep decline from its $490,000 sale at Sotheby's in 2015. Another Guyton from the same forfeiture—a 2018 piece owned by Philbrick himself—sold for $215,100 at the Texas auction, representing a 65% drop from its 2018 Christie's Paris sale of €535,500 (about $625,000). The article also notes a curious discrepancy: the Texas auction catalog listed a Phillips auction house label on the 2007 Guyton, but Phillips does not appear in the work's provenance, and Philbrick was known to do business with Phillips.

Five forces that reshaped the art market in 2025

In 2025, the art market faced significant challenges, including gallery closures and unfavorable auction results in the first three quarters, driven by geopolitical pressures such as US President Donald Trump's tariffs. However, a rebound occurred in autumn, with buoyant fairs like Frieze London and Art Basel Paris, and strong November auctions in New York totaling over USD 2 billion, carrying momentum to Art Basel Miami Beach. Key events included Gustav Klimt's *Portrait of Elisabeth Lederer* selling for USD 236.4 million at Sotheby's, a record for a Modern work, and a Frida Kahlo self-portrait setting a new record for a work by a woman. Meanwhile, several galleries closed, including Blum, Venus Over Manhattan, Clearing, Kasmin Gallery, Tilton Gallery, and Perrotin and Pace's Hong Kong outposts, while others expanded, such as Thaddaeus Ropac in Milan and Hauser & Wirth in Sicily.

Joan Miró | Exhibition at Pasadena Art Museum (1969) | For Sale

A limited-edition lithograph by Joan Miró, created for his 1969 exhibition at the Pasadena Art Museum, is being offered for sale through Heritage Auctions. The print, edition 82/100, is in colors on Arches paper and measures 29.5 by 22.13 inches. Currently carrying a bid of $1,500, it is estimated at $3,000–$5,000 and is part of the auction house's Prints & Multiples Showcase, with bidding closing on May 20.

National Gallery of Canada receives gift of 61 works valued at $16.8m

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.

Jean-Michel Basquiat’s Crowns (Peso Neto)To Star in Sotheby’s Contemporary Art Evening Sale

Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* will headline Sotheby's Contemporary Evening Sale this November, carrying an estimate of $35–45 million—the highest ever for a Basquiat work from that year. The painting, never before offered at auction, debuted at Annina Nosei Gallery in 1982 and was later shown at documenta 7. It will be publicly exhibited in London, Paris, and New York before the sale, which coincides with the opening of Sotheby's new global headquarters in the former Whitney Museum's Breuer Building.

fed reserve interest rate cuts art market loans

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points, the first reduction since December, bringing rates to their lowest level since late 2022. Art finance experts Anita Heriot of the Fine Art Group and Joshua Greenberg of Bank of America Private Bank told ARTnews that while the cut is unlikely to create new art buyers, it could stimulate art lending and borrowing against collections, as lower rates reduce the cost of carrying debt. The move signals a potential trend of further rate declines, which may encourage collectors to reengage with the market, especially amid softening art prices.

Historic Watch Recovered From Titanic’s Wealthiest Passenger Heads to Auction

A Patek Philippe pocket watch recovered from the body of John Jacob Astor IV, the wealthiest passenger aboard the RMS Titanic, is heading to auction. The watch, sold by Tiffany & Co. in 1904, will be the leading lot in a Freeman's Auction sale in Chicago on April 22, carrying an estimate of $300,000 to $500,000. A gold pencil found with it will also be sold.