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Pace Gallery Lands Brancusi Estate on Eve of Potential $100 Million Sale

Pace Gallery has secured global representation of the Constantin Brancusi Estate, announcing plans for a London exhibition this fall curated by art historian Jérôme Neutres. The news coincides with the auction of Brancusi's 1917 sculpture *Danaïde* at Christie's New York, estimated at $100 million, from the collection of late media mogul S.I. Newhouse. The estate was previously represented by Kasmin gallery, which closed last year. Pace's CEO Marc Glimcher emphasized the gallery's investment in modernist expertise and its ambition to become a market center for Brancusi works.

For young dealers, being in New York is key to surviving and thriving

The article examines how young art dealers in New York are adapting to the city's high costs and competitive market during the May art season. It highlights galleries like Europa, Esther, and Gordon Robichaux participating in multiple fairs simultaneously, such as Frieze New York and Independent New York, to maximize sales and visibility. Dealers like Pali Kashi and Silke Lindner emphasize strategic resourcefulness, with some sales already covering fair costs, while referencing artist Josh Kline's essay on how real estate pressures stifle artistic risk-taking.

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

Cindy and Howard Rachofsky’s Dallas Home Could Be Yours at a Discount, for $17.5 M.

Cindy and Howard Rachofsky, prominent art collectors and mainstays on the ARTnews Top 200 Collectors list, have reduced the asking price of their Dallas home, the Richard Meier–designed Rachofsky House, from $23 million to $17.5 million. The property, completed in 1996 and located in the affluent Preston Hollow neighborhood, has been on the market since October 2024. The Rachofskys, whose collection includes over 800 works, previously hosted the Two x Two gala in support of AIDS- and art-focused initiatives in Dallas, but stopped hosting the event in 2024.

‘I told his family he was HIV positive’: Keith Haring’s best friend on life with the artist as unseen works go on show

A collection of unseen Keith Haring works, including a crib he painted for his best friend's unborn child, is going on display at Sotheby's New York before being auctioned in May 2025. The collection belongs to Kermit Oswald, Haring's childhood friend, and features 20 works, with a 1985 self-portrait estimated at $3m-$5m and the crib valued at $250,000-$350,000. Oswald shares intimate stories of their friendship, from childhood pranks in Kutztown, Pennsylvania, to their move to New York to study at the School of Visual Arts, and Haring's later collaboration with William Burroughs.

Rare Keith Haring Self-Portrait and Other Intimate Works Go on View in NYC

A collection of intimate works by Keith Haring, including a rare self-portrait, a painted crib, and personal letters, has gone on view at Sotheby's Breuer building in New York City. The works were gifted by Haring to his childhood best friend and fellow artist, Kermit Oswald, over the course of their friendship from 1977 to 1989. The free public exhibition precedes a series of three auctions beginning May 14, with highlights including the self-portrait estimated at $3–5 million and a crib-and-dresser set expected to fetch $250,000–350,000.

Un Rothko adjugé près de 86 M$

A painting by Mark Rothko was sold for nearly $86 million at auction. The sale, conducted by an undisclosed auction house, achieved a price within the upper range of expectations for the artist's mature abstract works, reflecting sustained demand for top-tier modern art.

Da Carrà e de Chirico a Giorgio Morandi, ecco le nuove aste di Farsetti a Prato

Farsettiarte in Prato will hold two auctions at the end of May 2026, featuring modern and contemporary art. The Contemporary Art sale takes place on May 29, followed by the Modern Art sale on May 30, with highlights including works by Giorgio Morandi, Carlo Carrà, Giorgio de Chirico, Afro, Giuseppe Capogrossi, Piero Dorazio, and Hans Hartung. A rare Morandi still life from 1921 is estimated at €1.3-1.6 million, while de Chirico's 'Piazza d'Italia' (1963) carries an estimate of €220,000-320,000.

Post-War & Contemporary Art

Freeman's auction house is presenting a 'Post-War & Contemporary Art' sale featuring 83 lots that span eight decades of art history. The auction includes notable works such as a Richard Mayhew landscape, an Andy Warhol text-based canvas, a Robert Rauschenberg solvent transfer, a Peter Halley abstraction, and monumental outdoor sculptures by Allan Houser. Other highlights include pieces by Caio Fonseca, Jamie Nares, Beverly Pepper, and a range of contemporary voices like Ann Craven, Bunny Rogers, and Sterling Ruby.