Phillips Modern & Contemporary Sale Nets $115.2 M., With Strong Results for Women Artists

Phillips’ modern and contemporary art evening sale on Tuesday achieved $115.2 million against a presale estimate of $84.2 million, its highest since 2022. All 40 lots sold, with standout results for works by living artists like Joseph Yaeger, whose painting fetched $477,300 against a $60,000 estimate, and Anna Weyant, whose work sold for $980,400. Works by 20th-century female artists including Lee Bontecou, Olga de Amaral, and Helen Frankenthaler also exceeded expectations, with Bontecou’s pastel setting a record for a two-dimensional work by the artist at $4.3 million.

Christie’s Double-Header Totals $1.1 B., With Several Trophy Works Notching New Records

Christie’s held two evening sales on Monday—the S.I. Newhouse collection and a 20th-century art sale—that together generated $1.1 billion across 64 lots. The Newhouse tranche alone made $630.8 million, bringing the cumulative total of the collection to over $1 billion, making it likely the most expensive collection ever sold at auction after Paul Allen’s $1.7 billion blockbuster. Top lots included Jackson Pollock’s *Number 7A, 1948* at $181.2 million (the fourth most expensive painting ever sold at auction), Constantin Brâncuși’s *Danaïde* at $107.6 million, and a Mark Rothko work at $98.4 million.

Tracey Emin, Katharina Grosse, and More Rally to Raise $2.7 Million for South London Gallery

Christie’s is partnering with the South London Gallery (SLG) on a special selling exhibition featuring works donated by 28 artists, including Tracey Emin, Frank Bowling, Katharina Grosse, Alvaro Barrington, and Ryan Gander. The exhibition is part of SLG’s “SLG Forever” fundraising campaign, which aims to raise £2 million ($2.7 million) to renovate the gallery’s historic Victorian building and support its outreach programs. The show will be open to the public at Christie’s London from June 5–25, with extended hours during London Gallery Weekend, and will continue online until September 30.

17 New Artist Auction Records Set in May 2026

New York's spring auction week, starting May 18, 2026, saw record-breaking sales led by Christie's, which realized over $1.1 billion across two opening night sales. Major estate consignments from Condé Nast owner S.I. Newhouse, MoMA trustee Agnes Gund, dealer Marian Goodman, and financier Robert Mnuchin fueled the market, resulting in 17 new artist auction records.

The shifting market for luxury: can legacy brands navigate new trends and buyers?

Bénédicte Épinay, president and CEO of Comité Colbert, is organizing 'Hidden Treasures,' an exhibition of French luxury brands at The Shed in New York in late May 2025, timed after Frieze art fair and auction week. The show features 96 French luxury brands, 17 cultural institutions, and six European luxury brands, including Musée du Louvre, Balenciaga, Louis Vuitton, and Cartier. The initiative is part of a broader cultural diplomacy strategy, following a similar exhibition in Shanghai in 2024 that helped reduce tariffs on cognac. The article also notes shifting luxury market dynamics, with strong US sales growth projected at 8% in 2026, while Europe remains stagnant, and emerging markets like India show new wealthy buyers driving auction house growth.

Marian Goodman’s $35.1 M. Richter ‘Candle’ Leads Christie’s Tepid $162.7 M. Trio of Postwar and Contemporary Sales

Christie’s New York held a trio of postwar and contemporary art evening sales on Wednesday night, totaling $162.7 million with fees, just meeting expectations. The auction was led by a Gerhard Richter painting, *Kerze (Candle)*, which sold for $35.1 million, and featured a collection of eight Richter works from the estate of revered dealer Marian Goodman, which collectively hammered at $66 million. Other highlights included a Donald Judd stack from the estate of collector Henry S. McNeil, selling for $12.8 million, and a Richter *Mohn (Poppy)* that achieved $20.1 million. Only one lot, an Ed Ruscha canvas, failed to sell.

Waddington’s Spring Sale Spotlights Canadian Masters

Toronto-based auction house Waddington's will hold its Major Spring Sale on May 28, 2026, marking its 176th anniversary. The sale comprises three sessions: Canadian & International Fine Art, First Nations Art, and Inuit Art. Highlights include works by Lawren Stewart Harris (Lake Superior Sketch, VI, est. $700,000–$800,000 CAD), David Brown Milne (Heavy Forms, 1913, est. $80,000–$120,000), Rudolf Ernst (Finishing Touches, est. $100,000–$150,000 CAD), Emily Carr (Somewhere, ca. 1942, est. $350,000–$450,000), and Norval Morrisseau (Young Shaman with Powers, 1978, est. $100,000–$150,000 CAD). The sale spans diverse periods and mediums, with a focus on Canadian masters and Indigenous art.

Queer art, bowler hats and an Annie Hall script: inside Diane Keaton’s archive as treasures go on sale

Diane Keaton is auctioning a vast archive of personal effects through Bonhams, including a massive collage she created over decades, clothing, scripts, and art. The sales, titled "Diane Keaton: The Architecture of an Icon," span multiple categories—from her menswear-inspired wardrobe to her photographic works and home design objects. Highlights include her original Annie Hall script, a sequined Gucci suit, and works by artists like David Wojnarowicz. The auction will be held live in New York City on 8 June, with previews in West Hollywood.

TEFAF New York 2026: Contemporary Gains Ground

TEFAF New York 2026 is set to feature a stronger contemporary art presence, signaling a shift in the fair's traditional focus on Old Masters and antiques. The event will expand its contemporary offerings, attracting a broader range of galleries and collectors.

Phillips’ $115.2 Million Evening Sale Was a Testament to the Power of Pre-Planning and Priority Bidding

Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.

Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

At TEFAF New York, the Masterpiece Market Had Plenty to Celebrate

TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.

Frieze New York 2026 Sales Report & Contemporary Art Market Trends

Frieze New York 2026 concluded with significant sales activity, as galleries reported strong demand for blue-chip contemporary works. The fair featured a mix of established and emerging artists, with notable transactions including major paintings by living artists and secondary market pieces. Dealers noted a cautious but steady market, with collectors focusing on high-quality, investment-grade works.

Richter works from gallerist Marian Goodman and Donald Judd pieces lead Christie's New York auctions

I lavori di Richter della gallerista Marian Goodman e le opere Donald Judd guidano le aste di Christie’s a New York

Christie's New York spring sales opened on May 20, 2026, with two major collections: the minimalist art collection of Henry S. McNeil Jr. and works by Gerhard Richter from the collection of legendary gallerist Marian Goodman. The 42-lot session achieved $162.7 million, with 98% sold by lot. The 21st Century Evening Sale alone reached $136.8 million, a 42% increase over May 2025 and Christie's highest result for the category in five years. Top lots included Donald Judd's "Untitled" (1969) at $12.8 million—a new auction record for a Judd stack—and Richard Artschwager's "Two-Part Invention" (1967) which soared to $635,000 from an estimate of $60,000–80,000. The Goodman collection of eight Richter works, all guaranteed, generated $78.8 million, exceeding expectations.

Modern and Contemporary Middle Eastern Art: Online - Christie's

Christie's is presenting an online sale titled "Modern and Contemporary Middle Eastern Art: Online" from June 2–16, 2026, in London. The auction features 62 lots by leading modern and contemporary artists from the Gulf, the Levant, Iraq, Iran, and North Africa, including works by Samia Halaby, Saliba Douaihy, Baya, Parviz Tanavoli, Mohamed Melehi, and Abdul Halim Radwi. The sale marks 20 years since Christie's inaugural Middle Eastern art auction in the UAE in 2006.