Marian Goodman’s Gerhard Richters Total $78.8 Million in $162.7 Million Christie’s Sale

Christie’s 21st-century evening sale in New York on Wednesday achieved $162.7 million, its highest total in the category since 2021. The sale featured eight works from the collection of the late dealer Marian Goodman by Gerhard Richter, which together sold for $78.8 million, nearly half the evening’s haul. Richter’s photorealistic candle painting *Kerze (Candle)* (1982) hammered at $30 million, below its $35 million low estimate, but still set a new auction record for the series. Other Richters performed strongly, with six of seven exceeding high estimates, including *Mohn (Poppy)* (1995) at $20.1 million. A modest Basquiat work on paper, *Asbestos*, sold for $6.54 million, and one lot by Ed Ruscha was bought in.

Pace Gallery Takes Representation of Brâncuși Estate Ahead of $100 M. Sculpture Coming to Auction

Pace Gallery has taken global representation of Constantin Brâncuși's estate, announced hours before a $100 million Brâncuși sculpture, Danaïde (1913), goes to auction at Christie's. The sculpture comes from the collection of S. I. Newhouse and is among the most expensive works in New York's marquee sales. The announcement coincides with a major retrospective of the artist, organized by the Centre Pompidou, currently at the Neue Nationalgalerie in Berlin and heading to the Museum of Modern Art in New York later this year.

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.

Gerhard Richter ‘Candle’ From Estate of Revered Dealer Marian Goodman Falls Short of a Record at $35.1 M.

A Gerhard Richter painting, *Kerze (Candle)* (1982), from the estate of the late dealer Marian Goodman sold at Christie’s on Wednesday evening for $35.1 million (with fees), falling short of the artist’s $46.3 million record set over a decade ago. The lot, estimated at $35–$50 million, was guaranteed by a third party and drew a hammer price of $30 million after less than two minutes of subdued bidding. Goodman, who represented Richter for decades until he left for David Zwirner in 2022, had purchased the work directly from the artist in 1989 and held it for nearly 40 years. The painting was one of eight Richter works from Goodman’s estate offered in the combined “Marian’s Richters & 21st Century Evening Sale.”

Tina Kim Gallery announces representation of the estate of Kim Lim.

Tina Kim Gallery has announced U.S. representation of the estate of Kim Lim, the British Singaporean sculptor and printmaker. The gallery will debut Lim's work at Art Basel in June, followed by a solo exhibition in New York in spring 2027—the first solo presentation of her work in the United States. Axel Vervoordt Gallery will continue to represent the artist's estate.

Robert Mnuchin’s Storied Art Gallery Townhouse Lists for $35 Million

The six-story, 17,600-square-foot Upper East Side townhouse that housed Robert Mnuchin's blue-chip gallery for over three decades has been listed for $35 million. Mnuchin and his second wife Adriana bought the 106-year-old property in 1983, and after an 18-month renovation, they lived there for 12 years before the gallery occupied the space from 1992 until Mnuchin's death in 2024. The gallery hosted major shows for artists including Willem de Kooning, Jeff Koons, Ed Clark, and Mary Lovelace O'Neal. The listing comes just months after the announcement that Mnuchin Gallery would close, and four months after Sotheby's sold $166.3 million worth of art from Mnuchin's collection.

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.

Christo, Jeanne-Claude | The Pont-Neuf Wrapped (1976-2020) | Art & Prints

An auction listing for Christo and Jeanne-Claude's limited edition print 'The Pont-Neuf Wrapped' (1976-2020) has closed. The work is an archival digital print on wove paper, part of an edition of 450, accompanied by the exhibition book 'Christo et Jeanne-Claude Paris!'. The listing includes details on the artists' legacy, their monumental public projects like 'The Gates' and 'Wrapped Reichstag', and notes that similar works by Christo are available for purchase from various galleries.

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.