Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.
Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.
TEFAF New York opened at the Park Avenue Armory with unexpectedly strong crowds and a buoyant mood, defying the typical afternoon lull. Dealers reported heavy foot traffic and sustained conversations, with gallerist Sean Kelly calling it the best edition in years. The fair, running through May 19, features a mix of antiquities, design, modern, and contemporary art, with standout booths including Alison Jacques’s pairing of Dorothea Tanning, Robert Mapplethorpe, and Gordon Parks, and Sean Kelly Gallery’s display of works by Shahzia Sikander and Sam Moyer. The newly launched Pace Di Donna Schrader Galleries made its TEFAF debut with works by Eugène Delacroix, Willem de Kooning, and Alexander Calder.
Un Beato Angelico riscoperto protagonista alle aste di arte antica di Pandolfini a Firenze
Pandolfini auction house in Florence will auction a rediscovered fragment of Beato Angelico's *Tebaide* on May 20, 2026, after it had been missing for fifty years. The attribution was confirmed by comparison with the version held at the Museo di San Marco and formerly at the Galleria degli Uffizi. The auction house's Old Masters department, led since 2025 by young director Nicolò Pitto, has achieved strong results, including over €5 million in total revenue for the year, with top lots such as Artemisia Gentileschi's *Cleopatra* (€595,600) and a French School *Saint Catherine of Alexandria* (€620,000).
Encore d'autres dessins pour Versailles
The Palace of Versailles has acquired several drawings during the Paris Drawing Week sales in March 2026, including a rare study by Charles de La Fosse for the royal chapel's dome decoration. The drawing, depicting a reclining nude man for "The Resurrection of Christ," was purchased at the Rossini auction of Paul and Florence Vercier's collection for €3,800. This acquisition adds to Versailles' growing collection of La Fosse works, following earlier purchases of an angel study in 2016 and a ceiling project in 2023.