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Dom Pérignon has partnered with artist Takashi Murakami to design limited-edition labels and packaging for its Vintage 2015 and Rosé Vintage 2010 releases. Murakami’s signature smiling floral motifs appear on black backgrounds, and the collaboration is framed as an exploration of time, transformation, and the intersection of historical craftsmanship with contemporary art. Murakami worked with Dom Pérignon’s Chef de Cave Vincent Chaperon, and the project is part of a broader series titled “Creation is an eternal journey,” which also involves actors, musicians, and chefs.

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The article reports on a generational shift in the art world, with younger gallerists (millennials and Gen Z) redefining success away from the traditional empire-building model. It highlights the recent closures of Venus Over Manhattan and Tim Blum's gallery, but notes that emerging dealers like Bridget Donahue and Matthew Brown are prioritizing collaboration, transparency, and a sustainable pace—attending fewer art fairs and building tight-knit communities rather than large client bases. Separately, the article covers Hauser & Wirth's announcement of a new gallery in Palo Alto, California, set to open in spring 2026, marking the mega-gallery's first Bay Area location and its third in California.

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This week's art industry roundup covers major sales and developments across art fairs, auction houses, and galleries. At Art Basel Miami Beach, strong sales were reported, including an $18 million Warhol at Lévy Gorvy Dayan's booth, while NADA Miami featured around 140 exhibitors. The Art Dealers Association of America announced a new ADAA Fair at the Park Avenue Armory for November 2025, and Design Miami will expand to Dubai in 2027 with Alserkal. In auctions, Fabergé's 'Winter Egg' sold for $30.2 million at Christie's London, becoming the most expensive Fabergé egg ever auctioned, and Rembrandt's etching 'Arnout Tholinx, Inspector' set a world record for an Old Master print at $4.1 million. A rare 15th-century triptych also sold at Sotheby's for $7.6 million. Gallery news includes the formation of Pace Di Donna Schrader Galleries, Hauser and Wirth's acquisition of a Palermo palazzo, and several artist representation changes.

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Qatar has revealed that it is the owner of Gustave Courbet's famed self-portrait *Le Désespéré* (The Desperate Man, 1843–45), which has gone on view at the Musée d'Orsay in Paris for the first time in 17 years. The painting, previously listed as being on loan from an unknown private collector, was acquired by Qatar Museums, a state body that oversees the nation's art scene. Sheikha Al-Mayassa bint Hamad bin Khalifa Al Thani, head of Qatar Museums, acknowledged the ownership during a tribute at the Musée d'Orsay, noting that the work will be on long-term loan there for five years before moving to the future Art Mill Museum in Doha, set to open in 2030.

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London's summer sales season opened with subdued results, totaling just $134.2 million across Christie's, Sotheby's, and Phillips—a 78% drop from the equivalent sales in 2015. A standout lot was Jenny Saville's painting *Mirror* (2011–12), which sold for £2.1 million at Sotheby's on June 24. Meanwhile, a group of art-world power players have launched a new advisory firm called New Perspectives Art Partners, and France has announced a $316 million international architectural competition to expand the Louvre and address chronic overcrowding.

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Art adviser Ralph DeLuca argues in Cultured that recent gallery closures, bankruptcies, and lawsuits in the art market are driven by dealers and advisers trying to live like their ultra-wealthy clients, a lifestyle he says clients resent in commission-based vendors. He also suggests that art focused on identity politics and virtue signaling no longer resonates with collectors, who are shifting toward passion and connoisseurship. Meanwhile, Artsy’s Maxwell Rabb offers a more optimistic take, framing the market downturn as an opportunity for reinvention, with quotes from CLEARING’s Babin and ADAA director Kinsey Robb about cutting through market 'fluff' and embracing creative change.

The Prints Market Is Having a Moment—Driven by New Collectors and a Taste for the Historic

The prints and multiples market is experiencing a significant transformation, driven by an influx of new collectors and a shift in taste toward historically significant works. Artnet Auctions data shows that 50% of prints and multiples lots sold between 2020 and 2025 went to first-time buyers on their platform. This surge in demand is coinciding with major events like the IFPDA Print Fair and Artnet's own Premier Prints and Multiples sale, which features works from modern masters like Frank Stella and Jeff Koons.

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Art collector and real estate financier Aby Rosen paid $55 million for the Gilded Age landmark building at 190 Bowery in New York, which had been owned for decades by photographer Jay Maisel. Maisel bought the property—the former Germania Bank building—around 1966 for a reported $102,000, making the sale a dramatic example of New York real estate appreciation. The building, located near the New Museum, was listed on Rosen's company RFR Holdings before he entered a contract to purchase it in August, and was subsequently re-listed for sale through Cushman & Wakefield.

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English artist Rachel Whiteread, the first woman to win the Turner Prize in 1993, has collaborated with French silversmith company Puiforcat on a new seven-piece silverware collection. Inspired by corrugated cardboard, the collection includes serving trays, a pitcher, tumblers, and napkin rings, with surfaces that mimic the grooves and overlapping corners of cardboard, as well as watermark-like concentric circles. The trays echo Whiteread's recent artworks, such as *Untitled (Silver Pallet)* (2023), a flattened cardboard cast in lacquered silver.

Los Angeles Art Scene Overview

Los Angeles

The Los Angeles art scene is experiencing a significant transformation as major blue-chip galleries like Gagosian and PaceWildenstein expand their presence in the city. This shift is driven by the influx of entertainment industry wealth and a growing interest from Hollywood figures, despite a historically smaller collector base compared to New York. Key institutional developments include Eli Broad's financial interventions to stabilize MOCA and fund new building schemes at LACMA.

A gold toilet and the most expensive modern artwork ever sold at auction boost the New York market

Sotheby's New York held a landmark auction evening on November 18, 2025, featuring two headline-grabbing lots: Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914-16), which sold for $236.4 million, becoming the most expensive modern artwork ever sold at auction, and Maurizio Cattelan's solid-gold toilet 'America', which sold for a disappointing $12.1 million after a single bid. The Klimt came from the collection of the late cosmetics heir Leonard Lauder, whose two-night auction total reached $527.5 million. The toilet, previously owned by investor Steve Cohen, had been commissioned when gold prices were far lower, ensuring the seller a profit regardless of the modest bidding.

In Basel, alternative art fairs spring up in new places

In Basel, alternative art fairs are proliferating as dealers seek new ways to engage collectors outside the main Art Basel fair. Maison Clearing, a pop-up group exhibition by the New York and Los Angeles-based Clearing gallery, occupies a four-story villa in central Basel, featuring works by 46 artists including Kayode Ojo, Jasmine Gregory, and Jean-Marie Appriou. The rental cost of $2,000 per day is roughly one-third the price of a medium-sized stand at Art Basel. Meanwhile, the Basel Social Club (BSC) returns for its fourth edition in a former bank building near the Kunstmuseum, hosting over 100 spaces filled with art, performances, and hospitality offerings, including artist-led services like a hairdresser and a blood bank.

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Swiss art dealer Yves Bouvier has filed a motion in federal court in Manhattan to recover 91 artworks valued at an estimated $100 million, which he claims were entrusted to French dealer Pascal de Sarthe. Bouvier is seeking to compel at least 15 banks and two major auction houses—Sotheby's and Christie's—to provide information about the artworks' whereabouts. The legal action, initiated in Hong Kong in October, targets de Sarthe, who disputes Bouvier's ownership. Bouvier alleges that after his long-running legal battle with Russian billionaire Dmitry Rybolovlev, he was blacklisted by auction houses and entered into an oral agreement with de Sarthe and dealer Jean Marc Peretti for custody of the artworks, but de Sarthe has allegedly failed to respond to inquiries. A Hong Kong hearing was held in early October for orders including injunction and preservation.

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Parisian auction house Gros and Delettrez is offering a 66 million-year-old Triceratops prorsus skull on December 11, with an estimate of €300,000–€500,000 ($345,615–$576,025). The specimen, which surfaced from Wyoming's Lance Formation, is exceptionally complete with over 70 percent of its original bones and all three original horns intact. This marks the auction house's first dinosaur offering and will christen its new Rive Gauche headquarters, with the skull going on view on December 9 alongside works by Pablo Picasso and Pierre Soulages.

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Rosenfeld Gallery, founded by Michelle Rosenfeld in New York in 1970, has undergone a significant transformation under the leadership of her son Jason Rosenfeld. In 2020, the gallery relocated from New York to Miami’s Design District, and in 2023 it shifted from a public gallery space to a private operation. The gallery now operates as a leading secondary-market contemporary art purveyor, dealing in works on paper, paintings, sculpture, and editions, with a focus on long-term relationships and bespoke client service.

Behind All Beautiful Things Lies Suffering

"Hinter allen schönen Dingen liegt ein Leiden"

The art market is undergoing a profound structural transformation as a new generation of collectors shifts focus away from traditional blue-chip masters like Cy Twombly and Mark Rothko. These 'NextGen' buyers, socialized through the internet and Instagram, prioritize identity-building over status, favoring streetwear, digital art by figures like Refik Anadol, and music memorabilia over classical painting. Meanwhile, institutional shifts are occurring globally: Greece has introduced specific legislation to criminalize the production of art forgeries, and LACMA director Michael Govan is defending the $724 million Peter Zumthor-designed expansion as a necessary 'magnet' for attracting major donations.

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Old Masters are making a comeback in London, driven by a new collector base and a price recalibration that could democratize the market. Recent evening auctions at Christie’s and Sotheby’s in the UK capital brought in a combined £58 million ($78 million), a significant increase from last year, outperforming many other art categories. Dealer Alessandra di Castro notes that buyers now demand security, provenance, and professionalism, with fewer speculators due to the art market's recent troubles.

Sotheby’s Has Set a Debut Date for Its Landmark Breuer Building Headquarters

Sotheby's has announced that its new headquarters in the iconic Breuer Building at 945 Madison Avenue will open on November 8. Originally designed by Marcel Breuer for the Whitney Museum of American Art in 1966, the building later housed the Met Breuer and the Frick Collection during its renovation. Sotheby's purchased the Brutalist landmark from the Whitney two years ago and has renovated it with Pritzker Prize-winning architects Herzog & de Meuron and PBDW Architects, adding auction rooms and state-of-the-art gallery spaces while preserving original features like bluestone floors and concrete walls. The opening will coincide with a major modern and contemporary art exhibition, followed by fall marquee sales the week of November 17.

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Bonhams, the New York-based auction house, will hold its first exhibition in Saudi Arabia next month. Titled "Judhoor / Roots: The Origins of Saudi Modernism," the three-day show opens October 8 at the LIFT Gallery in Riyadh's JAX District, followed by a London auction on November 25. The exhibition surveys Saudi modern art from early pioneers like Abdulrahman Al Soliman, Safeya Binzagr, and Mohammed Al Saleem to later generations, highlighting works such as Al Saleem's horizon paintings and Al Soliman's 1981 depiction of Al-Ahsa oasis made with local soil. It also features archival material from Dar Al-Funoon, Saudi Arabia's first modern art space, and foregrounds female voices, including Binzagr, the first woman to stage a solo exhibition in the kingdom. A panel discussion will accompany the show, cohosted by collectors Taha Al Kuwaiz and Muneera Al Touq.

Winslow Homer’s mountaineer and Bob Ross's valley view: our pick of the January auctions

The article highlights five notable artworks heading to auction in January 2025, spanning sales at Christie’s, Sotheby’s, Bonhams Skinner, and Heritage Auctions. Featured lots include Winslow Homer’s *A Mountain Climber Resting* (est. $1.5–2.5M) from the Max N. Berry Collection, Otobong Nkanga’s tapestry *The Pursuit of Bling: The Transformation* (est. £20,000–30,000), Bob Ross’s *Valley View* (est. $30,000–50,000), and Claes Oldenburg’s lithograph *Three Way Plug* (est. $3,000+). Each work comes with distinct provenance—from a Standard Oil heiress to a hardware pioneer—and reflects diverse market segments from blue-chip American painting to contemporary African art and pop-culture collectibles.

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Five major art world figures have formed a new advisory firm called New Perspectives Art Partners, aimed at serving high-end collectors and institutions. The founders include former Christie’s and Philips CEO Ed Dolman and his son Alex (Dolman Partners), Brett Gorvy of Lévy Gorvy Dayan, Philip Hoffman of the Fine Art Group, and former Sotheby’s rainmaker Patti Wong of Patti Wong and Associates. All five will maintain their existing roles while collaborating on complex, project-driven client needs, leveraging their collective expertise and regional networks.

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Sotheby's will hold its first luxury marquee sales in Abu Dhabi from December 3 to 5 as part of Abu Dhabi Collectors' Week, featuring Formula 1 cars, an Aston Martin, diamonds, and rare Rolexes. The sales coincide with the Abu Dhabi Grand Prix and other major events, backed by a $1 billion investment from majority shareholder Patrick Drahi and Abu Dhabi's sovereign wealth fund ADQ, along with support from the Abu Dhabi Investment Office. The auction house is focusing on luxury goods rather than fine art, with only a non-selling exhibition of Old Masters to contemporary works.

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Sotheby's has sold its longtime New York headquarters at 1334 York Avenue to Weill Cornell Medicine, marking the final step in a major real estate transformation. The auction house will lease back floors 7–10 under a long-term lease while relocating its global headquarters to the Breuer Building at 945 Madison Avenue, which opens November 8 with a blockbuster exhibition. Sotheby's also acquired Gantry Point, a 240,000-square-foot complex in Long Island City, in 2023. CEO Charles Stewart stated the sale proceeds will reduce debt and invest in core business.

Contemporary art on paper at DESA Unicum

The DESA Unicum auction house in Warsaw has opened its latest "Contemporary Art. Works on Paper" exhibition, which will culminate in an auction of the presented works. This edition is notable for its broad historical scope, featuring pieces created between 1940 and 2025, and includes museum-quality works and rare sketches by key Polish avant-garde artists.

The Great Indian Art Mafia

The Indian art market has undergone a dramatic transformation, shifting from a selective market with works priced between Rs 5-25 crore to a high-stakes arena where record-breaking sales are now common. Between 2023 and 2025, multiple works crossed the Rs 50-100 crore threshold, with M.F. Husain's 'Gram Yatra' (1954) achieving the highest price to date at approximately Rs 118 crore, acquired by the Kiran Nadar Museum of Art. The market has expanded to over Rs 3,000 crore, with projections of Rs 10,000 crore by 2030.

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Jonathan Crockett, deputy chairman of Phillips in Asia, reflects on the auction house's 10-year journey in the region, from a small Hong Kong office to a major presence in the West Kowloon Cultural District. He recounts his career path from Christie's and Sotheby's to founding his own advisory firm, then joining Phillips to launch its Asian operations, overcoming brand confusion and building a robust client network.

Willem de Kooning | Kneeling Woman (1966)

Willem de Kooning's 1966 work "Kneeling Woman" has ended its bidding process, with the listing appearing on a platform that aggregates auction results and available works. The piece, an oil on paper on board measuring 23.5 by 11.5 inches, is signed and has a known provenance including Harold Diamond, a private collection in Baltimore, Solomon & Co. Fine Art, Robert Peyser, and a Sotheby's sale in 2019. It was previously exhibited at the Nassau County Museum of Art in 1981 as part of "The Abstract Expressionists and Their Precursors" show.

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The article reports strong sales across Miami art fairs, particularly at Art Basel Miami Beach, where Beeple's "Regular Animals"—robotic dogs with hyper-realistic heads of billionaires—were a major attraction in the new digital art section Zero10. It also notes that three art-world heavyweights are launching a new gallery focused on secondary market sales, and that the Art Dealers Association of America is launching a new art fair after canceling its long-running Art Show.

Salvador Dalí | Don Quixote

A Salvador Dalí metal bas-relief titled "Don Quixote" is being offered for bidding through Palm Beach Modern Auctions. The work is a limited edition sculpture in metal with platinum patina, signed and numbered 111/175, published by Martin Lawrence Ltd. Editions. The listing appears on Artsy's platform and includes details on dimensions, condition, and auction terms.

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Artlogic, a major art inventory management firm, and ArtCloud, a gallery software company specializing in collector engagement and AI tools, have announced a merger. The combined entity will support over 6,000 galleries, artists, and collectors, managing more than 15 million artworks. Artlogic CEO Mike Profit described the move as a long-term infrastructure play, while ArtCloud CEO Alex West will become Chief Innovation Officer of the merged company.