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may 2025 art auctions consignors 1234740631

The article previews the upcoming May 2025 marquee art auctions in New York, led by Christie's, Sotheby's, and Phillips. Key consignors include the collection of late Barnes & Noble founder Leonard Riggio and his wife Louise, along with works from Anne and Sid Bass, Tiqui Atencio, Daniella Luxembourg, the estate of Barbara Gladstone, and the San Francisco Museum of Modern Art. Notable lots include Dorothea Tanning's 'Endgame' (est. $1M–$1.5M), Robert Motherwell's 'Elegy to the Spanish Republic No. 160' (est. $3.5M–$5.5M), and Andy Warhol's 'Big Electric Chair' (est. $30M). The article also reveals undisclosed consignors through research, such as the family of Harold and Gertrud Parker for the Tanning work and the Hess Art Collection for the Motherwell.

pace louise nevelson sculpture lawsuit 1234740585

Days before a Louise Nevelson sculpture was to be auctioned at Sotheby’s in May 2022, Pace Gallery founder Arne Glimcher declared the work inauthentic, claiming it was assembled by the artist’s son, Mike, rather than by Nevelson herself. The consigner, the estate of collector Hardie Beloff, has now sued Pace Gallery in US District Court for Eastern Pennsylvania, alleging that Glimcher deliberately sabotaged the sale to protect Pace’s control over Nevelson’s market. The lawsuit centers on Glimcher’s call to Sotheby’s, where he warned the work would not be included in a forthcoming catalogue raisonné, and on a 1993 appraisal in which he had valued the same sculpture at $85,000 without questioning its authenticity.

kenny schachter column larry g michael werner gallery 2719655

Kenny Schachter's column reports on the fallout at Michael Werner Gallery following the departure of star artist Peter Doig. Co-owner Gordon VeneKlasen is accused of expensing luxury items—including private jets, Hamptons helicopter rides, and even a solo helicopter trip for his Labrador Retriever—while the gallery faced financial strain. The partnership is dissolving, with VeneKlasen moving to Los Angeles to open his own gallery and listing his West Village home for $20 million. Meanwhile, Schachter also notes Pace Gallery's financial troubles, with founder Arne Glimcher stepping in to stabilize operations.

venus over manhattan closing adam lindemann 2665314

Adam Lindemann announces the closure of Venus Over Manhattan, the gallery he founded in 2012 after a career as a contemporary art collector and writer. The gallery opened with a show titled "À Rebours," inspired by a novel about a decadent aristocrat, and featured works by Warhol, Hammons, and others—a show that famously saw a Dalí stolen from the wall. Over its 14-year run, Venus Over Manhattan mounted exhibitions including a Maurizio Cattelan show during a market lull, a Calder installation with spotlights and fans, and a show mixing African masterpieces with works by Koons, Prince, and Hirst. Lindemann reflects on the challenges of opening a gallery against advice, the theft that made international news, and the quiet validation he received from artists like David Hammons.

princedale modern edward warburton 2661083

London-based art advisory Princedale Modern, founded by Edward Warburton in 2022, has marked its second anniversary amid significant shifts in the global art market. Warburton discusses the firm's growth, including scaling alongside the U.K. art market's rise to 18% of global share, and highlights attendance at major art fairs in Basel, New York, Miami, and Paris. He notes that while auction house sales at Christie's, Sotheby's, and Phillips have dropped nearly one-third and the overall market contracted by 12%, private sales have risen 14% and online sales remain strong at 17%.

top 10 german art collectors 472364

Artnet News has published a list of the top 10 German art collectors, coinciding with the opening of Art Cologne 2015. The list includes notable figures such as Frieder Burda, who opened his own museum in Baden-Baden; Nicolas Berggruen, the "homeless billionaire" who favors contemporary American and German artists; Christian and Karen Boros, who display their collection in a repurposed Berlin bunker; industrialist Reinhold Würth, whose collection spans from Renaissance to contemporary; former dealer Désiré Feuerle, known for his eclectic mix of Khmer sculpture and contemporary art; and Hasso Plattner, co-founder of SAP and a major collector of Impressionist and modern works.

artists gallery representation 2651045

Many artists are rethinking traditional gallery representation, seeking not just sales but also help with copyrights, visibility, and partnerships. Flexible co-representation arrangements are on the rise, with major galleries like Hauser & Wirth launching initiatives like Collective Impact to co-represent rising artists alongside their smaller founding galleries. Some artists are joining agencies or representing themselves, driven by social media's past ability to build direct collector relationships, though its power has recently declined due to algorithm changes.

ken griffin 13th amendment copy sothebys 1234746499

Billionaire hedge fund founder Kenneth C. Griffin has been revealed as the buyer of President Abraham Lincoln's handwritten copy of the 13th Amendment, which sold at Sotheby's for $13.7 million including buyer's premium. The document, one of only four privately held copies, was part of Sotheby's "Fine Books and Manuscripts, Including Americana" sale. Griffin also acquired a signed copy of the Emancipation Proclamation for $4.4 million. The auction house announced the winner on Monday, noting that Griffin secured the amendment by phone after competitive bidding.

is dawn arriving for milans art scene 2691936

Thaddaeus Ropac, a major European blue-chip gallery, opened its seventh location in Milan in January 2025, occupying a prime palazzo previously home to Massimo de Carlo and Peres Projects. The inaugural exhibition pairs Georg Baselitz and Lucio Fontana in a show titled "L’aurore viene." The move has reignited debate about whether Milan is finally poised to become a contemporary art capital, despite past false starts and the city's stronger identity as a fashion and design hub.

kenneth griffin 13th amendment emancipation proclamation sothebys 2662810

Billionaire hedge funder and art collector Kenneth Griffin revealed he was the buyer of record-breaking copies of the Emancipation Proclamation and the Thirteenth Amendment, both signed by President Abraham Lincoln, at a Sotheby's New York auction. The Thirteenth Amendment sold for $13.7 million, more than five times the previous record, while the Emancipation Proclamation fetched $4.4 million. Griffin, founder of Citadel, is an avid collector of rare historical documents and high-value art, having previously purchased a copy of the U.S. Constitution for $43.2 million and major works by artists like Willem de Kooning, Jackson Pollock, and Jean-Michel Basquiat.

Artist Foundations’ Net Worth Has Nearly Tripled to $9 B., Led by Cy Twombly Foundation’s $1.5 B. in Art and Assets

New research from the Aspen Institute’s Artist-Endowed Foundation Initiative (AEFI) reveals that artist-endowed foundations in the U.S. now control roughly $9 billion in assets, nearly triple the $3.5 billion reported in 2011 and up 17% from $7.7 billion in 2018. The Cy Twombly Foundation leads with $1.5 billion in art and assets, followed by foundations for Alexander Calder, Joan Mitchell, Helen Frankenthaler, and Robert Rauschenberg, each holding over $500 million. The data, drawn from public tax forms, shows that just five of roughly 500 foundations account for more than half the total, with most established by postwar American artists born before 1931.

kohler announces 2026 residency industry moves 1234762363

The ARTnews industry moves column for November 19, 2025 reports several gallery and institutional changes: Ortuzar partners with the Claire Falkenstein Foundation for a multi-year initiative including a booth at Art Basel Miami Beach and a 2026 exhibition at the San Diego Museum of Art; Jessica Silverman now co-represents GaHee Park with Perrotin; Gurr Johns appoints Robert Goff as president of private sales and Tabor Story as director of private sales; Tara Downs adds Diné/Tlingit artist Nizhonniya Austin to its roster; Kohler Arts/Industry announces its 2026 residency cohort of 12 artists; Upsilon Gallery names Camilla Previ managing director in Milan. The column also highlights the record-breaking $236.4 million sale of Gustav Klimt's 'Portrait of Elisabeth Lederer' at Sotheby's, the highest price for any modern artwork at auction.

sperone westwater gallery closing 1234762042

Sperone Westwater, a pioneering New York gallery that launched artists like Bruce Nauman, Richard Long, and Francesco Clemente, will close on December 31 after 50 years. Co-founders Angela Westwater and Gian Enzo Sperone are pursuing separate endeavors. The gallery’s final show is a current exhibition for Long, and it will still participate in Art Basel Miami Beach next month. Founded in 1975 in SoHo, the gallery was known for championing Neo-Expressionism and transavanguardia, and later diversified its roster with artists like Joana Choumali and Gamaliel Rodriguez. Its eight-story Bowery building, designed by Norman Foster, faces an uncertain future.

katharina grosse joins white cube 1234761443

London-based gallery White Cube has announced representation of German artist Katharina Grosse, with her first exhibition scheduled for April 2026 at its Bermondsey space. The gallery will also feature a new painting by Grosse at Art Basel Miami Beach next month. Grosse will continue to share representation with Gagosian, Galerie Max Hetzler, and Galerie nächst St. Stephan. White Cube founder Jay Jopling, who first worked with Grosse in 2002, expressed admiration for her evolving practice.

gagosian reunites with richard diebenkorn 1234757979

Gagosian has announced representation of the late American painter Richard Diebenkorn (1922–1993), marking the artist's return to the gallery more than thirty years after his final solo exhibition there during his lifetime. To celebrate, the gallery will mount a career-spanning exhibition at its Madison Avenue flagship opening November 8, curated by Jasper Sharp in collaboration with the Richard Diebenkorn Foundation. The show will feature works from every period of Diebenkorn's six-decade career, including early California landscapes, wartime watercolors, and the celebrated Ocean Park abstractions, with highlights such as a 1943 watercolor, a monumental 1960 canvas, and late works on paper.

sothebys to host major sale in abu dhabi larry gagosian talks discreet art dealing curator flees thailand over arrest fear and more morning links for september 25 2025 1234753625

Sotheby's will host a landmark exhibition in Abu Dhabi on October 1-2, 2025, at the Bassam Freiha Art Foundation, showcasing masterworks by Vincent van Gogh, Paul Gauguin, Frida Kahlo, Edvard Munch, René Magritte, and Camille Pissarro, collectively valued at $150 million. This marks the first public fine art exhibition ever staged by Sotheby's in Abu Dhabi and the most valuable presentation the auction house has held in the Middle East. Separately, Larry Gagosian discussed the art market recession at Puck's Art of Influence conference, noting that private sales are rising as collectors shy away from auction houses. Other news includes controversy over Cai Guo-Qiang's performance in Tibet, a curator fleeing Thailand over arrest fears, and declining sales at Sydney Contemporary.

claire oliver gallery expands new york 1234750054

Claire Oliver Gallery is expanding its Harlem townhouse location in New York, adding the upper floors to its existing street-level space. The new areas will be dedicated to a more intimate, salon-style presentation, moving away from the traditional white cube model. The expansion will be inaugurated on September 5 with a solo exhibition by BK Adams on the ground floor and a group show upstairs featuring represented artists including Barbara Earl Thomas, Carolyn Mazloomi, Gio Swaby, and others.

ole faarup collection christies sale doig ofili 1234749450

Christie’s will host a single-owner sale of the contemporary art collection of Danish businessman Ole Faarup in October, featuring works by Peter Doig, Chris Ofili, Jean-Michel Basquiat, and others. The sale, estimated at up to £22 million, is anchored by two major Doig paintings—Country Rock (1998–99) and Ski Jacket (1994)—and Ofili’s Blossom (1997). Proceeds will fund the newly formed Ole Faarup Art Foundation, which aims to promote Danish art internationally and bring international works to Danish museums.

photo london photography market sales 1234742458

The tenth edition of Photo London opened at Somerset House, marking a decade of growth for the UK's largest photography fair. The fair, running through May 18, has become a key event for the photography market, which has shown resilience despite broader art market declines. While global auction sales for photography dropped 5.6% in 2024 to $59 million, this was far less severe than the 27% overall art market decline, and sales volumes remained near record highs. New director Sophie Parker and cofounder Michael Benson highlighted growing interest from young collectors, though challenges remain as established galleries face an aging collector base and market uncertainty.

A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

olivia barrett chateau shatto 2749305

Olivia Barrett, co-founder of the Los Angeles gallery Château Shatto, is pivoting her business strategy to navigate a cooling art market and a post-boom landscape in Southern California. After moving to the Melrose Hill art corridor, Barrett is shifting away from the high-velocity art fair model to focus on a more curated, historical program. This includes integrating 20th-century estates and secondary-market works from artists like Alice Rahon and Emily Kam Kngwarray alongside contemporary voices like Aria Dean.

fog fair san francisco komal shah 2600964

At the opening of San Francisco's FOG Design and Art fair, prominent collector Komal Shah navigated the crowded aisles, stopping to chat with a who's who of the Bay Area art scene, including FOG founder Stanlee Gatti, ICA San Francisco director Ali Gass, and SFMOMA director Christopher Bedford. Shah, known for her collection focused on women artists, was scouting works with a handwritten list, considering pieces by Ruth Asawa and Joan Brown, though she passed on a $425,000 Asawa sculpture. The fair's gala serves as a fundraiser for SFMOMA, and Shah's collection is currently on view at the Berkeley Art Museum and Pacific Film Archive in the exhibition "Making Their Mark: Works from the Shah Garg Collection."

art basel miami beach 2025 2725403

Art Basel Miami Beach 2025 opened amid cautious optimism following the $2.2 billion New York auctions, with Google co-founder Sergey Brin and WhatsApp co-founder Jan Koum spotted in Miami. Dealers reported strong sales, including an $18.5 million Joan Mitchell painting at Gray purchased by dealer Lillian Heidenberg. The fair introduced a new digital art section, Zero 10, sponsored by OpenSea and curated by Eli Scheinman, aimed at attracting crypto-wealthy collectors and younger audiences. Meanwhile, Art Basel hired Elena Soboleva, formerly of David Zwirner, as global head of audience growth and intelligence to engage the next generation of collectors.

sperone westwater gallery winding down 2712272

Sperone Westwater, the venerable New York gallery that celebrated its 50th anniversary two months ago, will close as an entity on December 31, 2025. Co-founders Angela Westwater and Gian Enzo Sperone have decided to pursue separate endeavors, affecting 28 artists and estates. The gallery, known for representing legends like Bruce Nauman and David Lynch, will continue its current Richard Long show through December 13 and attend Art Basel Miami Beach as planned. The closure follows months of rumors and comes as both partners are in their 80s.

another management shake up at sothebys asia and a rundown of the latest in asias art world 2668709

Sotheby's Asia faces another leadership shake-up as Elaine Holt departs her role as chairman of modern and contemporary art in Asia after just one year. Jasmine Prasetio, Sotheby's managing director for Southeast Asia, will relocate to Hong Kong to serve as interim chair. Meanwhile, European galleries Meyer Riegger and Galerie Jocelyn Wolff are partnering to open a new space in Seoul called Meyer Riegger Wolff, led by Gala Musi, with an inaugural show during Frieze Seoul. Design Miami will make its Asian debut in Seoul, and London-based artist Firenze Lai has joined White Cube's roster. In Taiwan, the Taichung Green Museumbrary, designed by SANAA, is set to open in December, and the Gwangju Biennale Foundation has appointed Youn Bummo as its new president.

collectors reveal key advice part ii 2666208

Artnet News published part two of a two-part series featuring advice from 11 experienced collectors. Among them are comedian Cheech Marin, who began collecting Chicano art in the 1980s and opened the Cheech Marin Center for Chicano Art and Culture in Riverside, California in 2022, and Kiran Nadar, founder of the Kiran Nadar Museum of Art in India, who with her husband has amassed over 15,000 works. Marin emphasizes trusting instincts, building relationships with artists, seeing art in person, and warns about storage space becoming an addiction. Nadar advises staying open and curious, and not hesitating to explore the unfamiliar.

damien hirsts colorful spin painting of leonardo dicaprio just raised 1 3 million for charity 2311409

An enormous painting of Leonardo DiCaprio by Damien Hirst, titled *Beautiful Leonardo DiCaprio Looking Away Painting* (2016), sold for $1.3 million at the amfAR Gala in Cannes, France, on May 25. The work, a colorful spin painting signed by both the actor and artist, was donated by collector Christian Levett and auctioned by Simon de Pury. The gala raised $17 million total, with the top lot being a $1.6 million Aston Martin DB12, and also featured artworks by Claire Tabouret, Cecily Brown, Andres Valencia, and Robert De Niro.

hauser wirth uptown sale jens hoffmann project wet paint 2638685

Hauser & Wirth has sold its Upper East Side townhouse at 32 East 69th Street for $10.5 million to a developer, ending a decades-long presence in the neighborhood. The property, purchased in the 1990s as a family residence, was renovated by architect Annabelle Selldorf and later used as gallery space from 2009, hosting exhibitions by artists like Pope.L, Anna Maria Maiolino, Luchita Hurtado, and Arshile Gorky. Gallery co-founder Iwan Wirth cited a shift in the family's center of gravity to Chelsea and the business's expansion downtown with new locations on West 18th Street and Wooster Street in SoHo.

martha stewart joopiter contemporary art sale 2636193

Martha Stewart has curated a contemporary art sale for Joopiter, the auction platform founded by Pharrell Williams. Titled "The Contemporary Take," the auction runs from April 28 through May 6 and features nearly 50 artworks by leading artists, including Amy Sherald, Hank Willis Thomas, Adrian Ghenie, Alex Katz, Damien Hirst, and Lynette Yiadom-Boakye. Stewart handpicked a selection of works for the Spring season, focusing on themes of growth, regeneration, and vitality. The sale marks Joopiter's first auction of contemporary art, following collection sales by Kim Jones, Kid Cudi, and Nigo.

How a Louise Bourgeois Print Inspired Eden Xu-Martinez’s Intimate Collection

Eden Xu-Martinez, a collector and art administration professional, has built a personal collection centered on the accessibility and intimacy of prints. Her journey into collecting was catalyzed by a lithography course at Columbia University and a profound encounter with a Louise Bourgeois print, which shifted her perspective on the medium from mere reproduction to a deeply personal form of artistic expression.