The art market is gearing up for a high-stakes spring season with major estate collections from S.I. Newhouse and Robert Mnuchin slated for auction at Christie’s and Sotheby’s, collectively valued at over half a billion dollars. Meanwhile, London’s spring marquee sales showed strong momentum, with Christie’s and Sotheby’s reporting significant year-over-year increases in their evening sale totals, despite a more modest performance from Phillips.
The Venice Biennale, often called the 'Olympics of the art world,' is spotlighting Latin American art in its 2024 edition. Curated by Adriano Pedrosa, director of the São Paulo Museum of Art and the first South American and openly queer person to hold the role, the exhibition titled 'Foreigners Everywhere' features over 330 artists, with more than 80 having ties to Latin America—about 24 percent of the show, up from 11 percent in 2022. The article examines the market for Latin American art, noting that while auction records exist (e.g., Frida Kahlo's $34.9 million painting), total auction volume for Latin American artists has declined from $388.3 million in 2015 to $245.5 million last year, reflecting a specialized market dominated by a few internationally recognized figures.
White Cube has announced the representation of Navajo artist Emmi Whitehorse, who will be represented alongside her New York gallery, Garth Greenan. The partnership follows Whitehorse’s successful solo exhibition at White Cube’s Paris space and her inclusion in the 2024 Venice Biennale. The gallery plans to debut new work, including the painting "Father Sky meets Mother Earth," at its Art Basel Hong Kong booth later this month.
Hauser & Wirth, the mega-gallery with locations across three continents, has announced its representation of the estate of Susan Rothenberg, the influential painter who died in 2020. Rothenberg, known for her psychologically charged works featuring horses, disembodied limbs, and uncanny landscapes, was previously represented by Sperone Westwater gallery from 1987 until her death. The gallery will debut Rothenberg's work at Art Basel in June 2025, followed by her first solo exhibition with Hauser & Wirth in New York in September 2025.
A data-driven analysis by Artnet News and Morgan Stanley examines the auction market for women Surrealist artists from 2013 to 2023, using the Artnet Price Database to track prices and sell-through rates. The study contrasts the historical undervaluation of women Surrealists—such as Leonora Carrington, Remedios Varo, Kati Horna, and Bridget Bate Tichenor—against the enduring market dominance of male figures like Dalí, Magritte, and Miró, while noting Frida Kahlo as the top-selling woman Surrealist.
Art advisor Naomi Baigell recalls that when she managed Prudential's corporate art collection in the late 1980s and 1990s, executives refused to hang textile works by Colombian-born artist Olga de Amaral, preferring abstract paintings instead. Now 93 and still working, Amaral is experiencing a major market and institutional renaissance: the Institute of Contemporary Art in Miami is hosting a solo show of her work (through October 12), her pieces are included in MoMA's "Woven Histories" exhibition, and she has been represented by Lisson Gallery since 2019. In 2025, her auction performance has been stellar, with a new record of $1.16 million set in May for *Imagen perdida 27* (1996) at Phillips New York, and total sales of $4.07 million as of June.
Leonora Carrington, the British-born Surrealist artist, has seen a dramatic revival of interest in her work, with her paintings breaking auction records and her sculptures gaining new attention. However, a bitter dispute has emerged between supporters of her later bronzes and critics questioning their legitimacy, complicating her legacy. Carrington lived most of her life in Mexico and died in 2011 at age 94, but her reputation has soared posthumously, marked by a 2015 retrospective at Tate Liverpool, her influence on the 2022 Venice Biennale, and a current retrospective traveling from Palazzo Reale in Milan to Musée du Luxembourg in Paris. Her painting *Les Distractions de Dagobert* (1945) sold for $28.5 million at Sotheby’s New York in May 2024, setting a record for a British-born female artist, while her wooden sculpture *La Grande Dame (The Cat Woman)* (1951) fetched over $11.4 million in November 2024.
Lynda and Stewart Resnick have donated a monumental Jeff Koons sculpture, *Split-Rocker*, to the Los Angeles County Museum of Art (LACMA). The 37-foot-tall work, made of a metal skeleton and planted with 50,000 flowers, resembles a hybrid toy head—half rocking horse, half dinosaur. It will be installed near a new group of galleries endowed by trustee David Geffen. The Resnicks listed an unnamed piece given to LACMA on their 2023 tax filings valued at $9.6 million. The donation is part of director Michael Govan’s long-term plan to add another major sculpture to LACMA’s campus, alongside works like Chris Burden’s *Urban Light* and Tony Smith’s *Smoke*.
Joan Mitchell’s diptych "La Grande Vallée VII" sold for HK$137 million (US$17.6 million) at Sotheby’s Hong Kong, setting a new record for the most expensive work by a female artist ever sold at auction in Asia. The 1983 masterpiece, part of a celebrated 21-painting cycle dedicated to a grieving friend, led a successful Modern and Contemporary Evening Auction that saw a 100% sell-through rate for its 54 lots. Other notable results included a Mark Rothko canvas that more than doubled its low estimate and significant sales for works by Sanyu and Zao Wou-Ki.
Garth Greenan Gallery has announced it will relocate from Chelsea to SoHo in September, marking the gallery's 15th anniversary. The move involves opening two distinct spaces across from each other at 10 and 25 Greene Street, nearly tripling the gallery's current footprint to over 3,500 square feet of exhibition space. The new locations, situated in landmarked cast-iron buildings, will debut with solo exhibitions by Rosalyn Drexler and Cannupa Hanska Luger.
Sotheby's has increased its buyer's premiums globally, with the new fee structure taking effect on February 13. The changes mean buyers of lower-value lots will pay higher rates, with the premium for works sold in New York for up to $2 million rising from 27% to 28%. This move follows similar adjustments by rivals Christie's and Phillips, as auction houses seek to bolster revenue during a prolonged art market downturn. Sotheby's also recently raised $900 million through art-backed loans via securitization.
Crystal Bridges Museum of American Art and the Art Bridges Foundation in Bentonville, Arkansas, have acquired 90 works of contemporary Native art from the John and Susan Horseman Collection. The acquisition includes pieces by prominent Indigenous artists such as Kent Monkman, Jaune Quick-to-See Smith, Kay WalkingStick, and Cannupa Hanska Luger. Nine works will go to Crystal Bridges, while the remaining 81 will join Art Bridges' collection, which now totals around 250 works, with Native art making up a third. The works will be displayed in upcoming exhibitions at the Alice L. Walton School of Medicine and Crystal Bridges' expanded campus, with loans to partner institutions planned.
Lost John Constable Painting Rediscovered in Texas Bound for Auction
A long-lost, large-scale oil study by John Constable for his famous painting *The Cornfield* has been rediscovered and authenticated after decades in a rural Texas museum. Scientific analysis, including pigment tests and infrared reflectography, confirmed the materials and techniques match Constable's own, leading experts to declare it the largest known study for the 1826 masterpiece. The work, which had been mistakenly cataloged as a copy, will now be auctioned by Heritage Auctions in Dallas this June.
The private collection of Hollywood icons Kathryn and Bing Crosby sold at Sotheby's for $6.7 million on December 18. The white-glove auction, held at Sotheby's new Breuer Building location on Manhattan's Upper East Side, surpassed its pre-sale high estimate of $6.3 million, with two-thirds of the lots exceeding their high estimates. The nearly 200-lot sale featured fine art, furnishings, and collectibles, with the top lot being Alfred James Munnings' painting *On the Moors* (1914), which sold for $1.2 million. Other highlights included works by Charles Marion Russell, Pierre-Auguste Renoir, and Corot, as well as nearly 50 lots of Fabergé items that achieved $2 million in sales.
London gallery Pilar Corrias has announced the representation of French painter Alexis Ralaivao in partnership with New York-based Olney Gleason. The announcement coincides with Ralaivao’s debut UK solo exhibition, "Flirter avec l’abstrait," which is currently on view at the gallery’s Conduit Street location in Mayfair. Ralaivao is recognized for his intimate, diaristic oil paintings that blend 17th-century Dutch technical precision with contemporary emotional depth.
John Moran Auctioneers is holding a Modern and Contemporary Fine Art sale at its Monrovia headquarters, featuring standout works by Deborah Butterfield and Joel Shapiro, alongside pieces by Alice Baber, Sandro Chia, Jonas Wood, Banksy, and Takashi Murakami. Highlights include two horse sculptures by Butterfield—Untitled (Foal) (2015) and Untitled (Large Horse) (2013)—and Joel Shapiro's Untitled (1996), all from the Estate of Herbert and Anne Lucas. The sale also includes works from other notable 20th- and 21st-century artists, positioning it as a key end-of-year auction event.
A cache of M.C. Escher drawings and prints, created during his time in Italy and later, fetched a stunning total of $7.8 million at Christie’s on July 22, quadrupling its low presale estimate. The auction, titled 'The Art of Infinity,' featured 65 lots, with nearly every work on paper surpassing the previous record for an Escher work in the medium. The top lot, *Reptiles* (ca. 1943), sold for $529,200—five times its low estimate—while *Relativity* (ca. 1953) achieved $504,000, ten times its low estimate. The sale largely came from the collection of Robert Owen Lehman Jr., a documentary filmmaker and member of the Lehman banking family.
Grosvenor Gallery has announced the availability of a significant 1969 oil painting by M.F. Husain titled "Untitled (Head of a Horse)." The work, which features the artist's signature equine subject matter with bared teeth and exaggerated features, was recently showcased at Frieze Masters 2024 as part of the "South Asian Modernists in Paris" exhibition. The painting has a documented provenance involving the Vadehra Art Gallery and has been held in a private London collection since 2007.
Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.
Artnet Pro's Asia Pivot newsletter consulted feng shui masters and artists versed in Chinese metaphysics to forecast trends for the 2026 Year of the Fire Horse. Predictions include high volatility in financial markets and the art sector, a potential slowdown in traditional Western markets like Europe and North America, and continued growth in emerging regions such as Southeast Asia, South Asia, and the Gulf. A 'big disruption' from the Global South is anticipated in the first half of the year, followed by market growth in the latter half.
Crystal Bridges Museum of American Art and its Art Bridges Foundation have acquired 90 contemporary works by Indigenous artists from the John and Susan Horseman Collection. Art Bridges will receive 81 works for long-term loans across the U.S., while nine pieces will join Crystal Bridges' permanent collection. Artists include Kent Monkman, George Morrison, Jaune Quick-to-See Smith, and Cannupa Hanska Luger. The acquisition is part of a broader strategy to expand the museum's holdings in Indigenous and craft art, with works set to debut in exhibitions starting November 2024.
Art Price's annual list of the world's 500 most saleable contemporary artists features five Irish artists, led by Sean Scully at number 16. Scully's auction record is $2,046,500 for his 1985 painting "Song." The other listed artists are Graham Knuttel (ranked 202), Liam O'Neill (376), and Genieve Figgis (350), with their market performance and notable auction results detailed. The article also cites commentary from independent art advisor Arabella Bishop on each artist's market appeal and investment potential.
The article highlights several notable artworks heading to auction and art fairs in September 2024. These include M.F. Husain's "Untitled (Horses)" (1971) at Christie's New York, estimated at $100,000–$150,000, following a record-breaking sale of another Husain work earlier this year. Also featured are Leonor Fini's embroidered cat mask (around 1960) at Weinstein Gallery during Independent 20th Century in New York, Dorothea Tanning's "Katchina and Her Soul" (1951) at Sotheby's London, and Alberto Giacometti's "Small Head of Elsa Schiaparelli" (around 1935) at FAB Paris.
Carl Kahler's 1891 painting *My Wife's Lovers*, a monumental portrait of 42 cats commissioned by San Francisco millionaire Kate Birdsall Johnson, has resurfaced in popularity thanks to social media and a record-breaking sale at Sotheby's in 2016, where it fetched $826,000—more than double its high estimate. The article details Kahler's background as a horse-racing painter from Austria, his three-year stay at Johnson's Buena Vista Castle sketching her feline menagerie, and the painting's debut at the 1893 Chicago World's Fair. Johnson, an eccentric art collector and philanthropist, owned hundreds of cats and named the work after her late husband's nickname for them.
Christie's will auction 95 Indian and Persian paintings from the collection of Prince and Princess Sadruddin Aga Khan in London on 28 October, with estimates ranging from £2,000 to £1m and a total expected sale price exceeding £8m. The collection, formed between the 1960s and 1980s, includes Ottoman, Mughal, Deccani, and Rajput works, as well as pieces by artists such as Reza Abbasi, Ghulam Ali Khan, and Sheikh Muhammad Amir of Karraya, dating from the 16th to 19th centuries. Highlights include a page from the Fraser Album and an early Mughal painting of cheetahs attributed to Basawan.
Christie’s is auctioning four paintings by former US President Jimmy Carter this month, with estimates under $15,000. Three works—Mountain Waterfall (2003), Steeple (2010), and A Still Life (An Angry Pomegranate)—are part of the online sale “The American Collector,” closing January 27, while The Hornet’s Nest (2003) will be offered in a live day sale titled “We the People: America at 250” on January 23. Bidding has already exceeded estimates, with Steeple reaching $24,000. The paintings come from a larger trove of Carter family personal items, with proceeds benefiting the Carter Family Foundation.
A collection of Chinese antiques, including an Imperial robe from the 19th century, was discovered in a chest in London after being kept as family mementos for decades. The items were acquired by Nan Brake, a British translator living in Beijing during the 1950s, who purchased them on excursions around the city. The collection, which features Ming dynasty paintings, Qing dynasty embroidered robes, and jade ornaments, will be auctioned by Roseberys on May 12 with an estimated total value of £40,000 ($54,100). The standout piece is a turquoise silk Imperial robe embroidered with nine five-clawed dragons, likely made for a male member of the emperor's family.
Poly Auction Hong Kong's Spring 2026 season concluded with a total of HKD 255 million in sales, representing a 23% increase over the previous autumn cycle. The auction was headlined by Liu Wei’s 1995 painting "You Like Pork?", which fetched HKD 27.6 million, followed by a Ming Dynasty 'Grapes' foliate-rim dish that sold for HKD 24.6 million. The event saw participation from collectors across 17 countries, with significant growth in the Modern and Contemporary Art and Jewels and Watches sectors.
Poly Auction Hong Kong concluded its Spring 2026 auction series with total sales exceeding HKD 255 million, representing a 23% increase over the previous autumn season. The sales were led by Liu Wei’s 1995 masterpiece "You Like Pork?", which fetched HKD 27.6 million, and a Ming Dynasty Blue and White 'Grapes' Dish that realized HKD 24.6 million. The auction saw participation from collectors across 17 countries, with significant growth in the Modern and Contemporary Art segment, which rose over 63% compared to the prior season.
Christie’s has announced the consignment of billionaire Bill Koch’s American Western art collection, estimated to fetch at least $50 million across two sales on January 20 and 21. The collection, described as the most valuable tranche of the genre ever to appear at auction, features works by Frederic Remington—including his painting *Coming to the Call* (estimated $6–8 million)—and Charles Marion Russell, among others. The sale aims to spotlight a niche but growing sector of the art market.