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.
Art Basel 2025 saw cautious buying despite optimistic statements from major dealers like Pace's Marc Glimcher, who claimed sales velocity was as vigorous as any year. However, collector attendance was thin, with American attendance down for the second year running due to trade tensions and geopolitical concerns. Deals were closing at 20 to 30 percent below asking prices, confirming a buyer's market. Sales ranged from a $245 collectible Labubu figurine by Kasing Lung to works by Wei Libo, Joyce Joumaa, Lonnie Holley, Joan Jonas, Hao Ling, Sarah Lucas, and Rosemarie Trockel, with most activity under $1 million.
Sotheby's will auction Maurizio Cattelan's 18-karat solid gold toilet, titled "America" (2016), during its marquee New York sales next month. The 100-kilogram work will be installed in a bathroom at the Breuer Building, Sotheby's new headquarters, with public viewing beginning November 8 and the auction on November 18. The starting bid will be set by the work's weight in gold, around $10 million. Separately, the article examines shifting boundaries in artist representation, using Tom Sachs as an example of a fine artist who worked with a PR agency (The Lede Company) for brand collaborations while his gallery Thaddaeus Ropac handled his fine art, raising questions about where a gallery's role ends and an agency's begins.
Frieze Los Angeles launched with significant early momentum as Endeavor CEO Ari Emanuel acquired three quilts by artist Yvonne Wells from Fort Gansevoort before VIP hours officially began. The fair's opening day saw robust activity, including the $3.7 million sale of an Ed Ruscha painting, while major galleries like Pace Prints and Opera Gallery announced strategic expansions into Los Angeles and Houston respectively.
New York's spring auction season concluded with a dramatic five-day marathon across Sotheby's, Christie's, and Phillips, generating a combined $2.2 billion. Sotheby's led with $1.17 billion in total sales, fueled by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) from the estate of Leonard A. Lauder, which sold for $234.6 million—a single work accounting for 20% of Sotheby's total. Christie's followed with $962.6 million, and Phillips added $92.1 million. Notable highlights included Frida Kahlo's *El sueño (La cama)* (1940) achieving $54.7 million, a new record for the artist and the highest price for a female artist at auction in raw dollars, and a triceratops fossil named Cera selling for $5.4 million at Phillips.
Artnet News analyzed six standout lots from the marquee May auctions at Christie's and Phillips, highlighting both surprising successes and failures. Among the 'hot lots,' Mark Tansey's study for "The Enunciation" (1992–93) sold for $3.2 million at Christie's—over ten times its low estimate—while Henri Matisse's tiny portrait "Henriette, robe jaune" (1923) fetched $1.4 million, nearly quadrupling expectations. Firelei Báez's "Untitled" (2017) also soared, selling for $381,000 at Phillips, more than triple its high estimate. The article contrasts these with 'top flops,' though the provided text focuses on the successes.
The article reports on the Museum of Modern Art's retrospective "Jack Whitten: The Messenger," which runs through August 2 and features 175 works including paintings, sculpture, and archival materials. Curator Michelle Kuo describes Whitten's "endless innovation," noting that art handlers were astonished by his pioneering techniques. Whitten, who died in 2018 at age 78, moved from Alabama to New York in 1960, attended Cooper Union, and was influenced by jazz and figures like Willem de Kooning and Romare Bearden. The article also examines Whitten's art market, highlighting his auction record of $2.66 million for "Special Checking" (1974) at Sotheby's in 2019, and noting that while prices are rising, his work remains undervalued compared to peers like Gerhard Richter.
Artnet Pro has published a roundup of nine artists whose markets it appraised in depth during 2025, including Dorothea Tanning, Gertrude Abercrombie, Emily Kam Kngwarray, Jack Whitten, and Olga de Amaral. The article highlights key market developments for each artist, such as record auction prices, growing international recognition, and shifts in collector interest, drawing on data and expert commentary from dealers, auction-house specialists, and advisors.
Reginald Madison, a self-taught painter and sculptor from the Black Arts Movement in Chicago, has joined Uffner & Liu gallery for representation. Paul Soto Gallery now represents John Sandroni, whose work is currently on view in New York. KSS Architects completed a new Learning and Engagement Center at the Newark Museum of Art. Meanwhile, at least eight blue-chip galleries have dropped out of Art Basel Miami Beach, and Karim Crippa has been appointed director of Art Basel Paris. Christie’s four auctions held concurrently with Art Basel Paris totaled $107.4 million, with Yves Klein’s "California (1KB 71)" selling for $21.3 million, a record for the artist in France.
Palestinian American artist Samia Halaby has experienced a dramatic surge in market value and institutional recognition over the past decade, with eight of her top 10 auction results occurring in the last three years. A Christie's sale in May 2025 saw her 2013 painting *Water Lilies* sell for $138,600, more than triple its 2020 result, while her 1974 work *Mediterranean #279* set her current auction record at £400,000 ($534,000) in 2020. Her first US museum survey opened in 2024 at Michigan State University's Eli and Edyth Broad Art Museum, and her work has been shown at MoMA, Tate Modern, and the Centre Pompidou, which acquired a piece last year.
Amid a sluggish broader art market, the design category is surging. Major auction houses—Sotheby’s, Christie’s, and Phillips—held design sales in early June 2025 that far exceeded expectations. Sotheby’s New York design sales totaled $37.5 million, Christie’s $23.6 million, and Phillips $4 million, representing a 62.3 percent year-on-year increase across all three houses. Notable highlights include the Goddard Memorial Window by Tiffany Studios, which sold for $4.29 million, the second-highest price for a Tiffany window at auction. The sales attracted many new buyers, with Sotheby’s and Phillips reporting over 20 percent of buyers were new to the houses.
Artnet News published its quarterly list of the most exhibited living artists in U.S. museums for December 2025, compiled by tracking temporary exhibitions across hundreds of institutions. The list ranks artists based on the number and type of shows they appear in, prioritizing career retrospectives, dedicated exhibitions, and biennial appearances. Among the top artists featured are Marie Watt, whose touring print exhibition "Storywork" and numerous group show appearances earned her a high ranking, and Jeffrey Gibson, known for his installation at MASS MoCA. The article notes that Watt also won the $250,000 Heinz Award in September 2025.
Artnet News reports on the rising market interest in abstract artist Jack Whitten, following his current retrospective at the Museum of Modern Art in New York. The article highlights Whitten's innovative techniques, such as his "Slab" paintings made with Afro combs and his "Greek Alphabet" series, and notes that despite his long-standing reputation among fellow artists, his market is only now gaining momentum.
Christie’s London is auctioning Tamara de Lempicka’s 1928 painting *Portrait du Docteur Boucard*, which has not been seen on the market in 40 years. The work, depicting doctor and bacteriologist Pierre Boucard, is expected to sell for between £5 million and £8 million ($6.18 million and $9.89 million). The sale coincides with the close of Lempicka’s historic retrospective at San Francisco’s de Young Museum—the first U.S. survey of the Art Deco master—and ahead of its opening at the Museum of Fine Arts Houston.
Asian collectors and dealers are increasingly choosing to skip Art Basel's flagship Swiss edition in favor of Art Basel Paris, citing the French capital's more appealing experience. Amid a market contraction, figures like Monique Leong are skipping Basel for the second year, while others such as Kankuro Ueshima, Rosy Wu, and Kazunari Shirai still attend. Notable appearances include K-pop star RM of BTS, who made his first public appearance after military service as Samsung Art TV's global ambassador. The fair saw Asian languages spoken widely, and young first-time collectors brought private guides to maximize their visit.
Christie’s will offer Roy Lichtenstein’s 1964 painting *Anxious Girl* from the collection of legendary New York collector-dealer Holly Solomon and her husband Horace, with an estimate of $40–60 million. If it reaches its high estimate, it will become the artist’s second-priciest work at auction, trailing only *Nurse* (1964), which sold for $95.4 million in 2015. The work leads Christie’s 20th-century evening sale on May 18, amid a flurry of high-value consignments as both Christie’s and Sotheby’s aim to sustain momentum after posting improved 2025 results.
Sotheby's is projecting $7.0 billion in consolidated 2025 sales, a 17% increase over the previous year and the strongest result in the company's history. Auction sales rose 26% to $5.7 billion, driven by high-quality consignments including the Leonard A. Lauder Collection and a $236.4 million Klimt painting. Luxury sales climbed 22% to $2.7 billion, while RM Sotheby's surpassed $1 billion for the first time. The opening of Sotheby's new global headquarters at the Breuer Building was a commercial centerpiece, generating $1.17 billion in its inaugural week. The company also expanded rapidly in the Middle East, staging the first international auction in Saudi Arabia and launching Collectors' Week in Abu Dhabi.
Sotheby's Paris is selling "The Manny Davidson Collection: A Life in Treasures and Benevolence," a multi-owner sale of nearly 500 lots spanning Old Masters, 19th-century British paintings, 18th-century gold enamel, and decorative objects. Highlights include a rediscovered Michael Sweerts portrait estimated at €800,000–€1.2 million, a Thomas de Keyser portrait of a silversmith, and a Joshua Reynolds self-portrait study. The sale, which includes an evening auction on November 5 and an online component, was previewed by Sotheby's global head of private sales, Old Masters, Chloe Stead.
Sotheby's London will auction three Francis Bacon paintings at its July contemporary art evening sale, including 'Study for a Pope I' (1961), one of six pope paintings Bacon created for a Tate exhibition. The work, previously owned by Gunter Sachs, sold for a record £10 million in 2005, and is now estimated at £25–35 million ($38.3–53.7 million). The sale also features a 1975 Bacon self-portrait and three studies for a 1980 self-portrait, with total sale expectations of £204 million ($312.9 million), 35 percent from British artists.
León Gallery's Spectacular Mid Year Auction 2025 will feature a rare egg tempera painting by pioneering Filipina modernist Anita Magsaysay-Ho titled *Water Carriers / Taga-igib* (1947). The work is expected to draw strong market interest, following the artist's previous egg tempera sales at the same auction house—*Tinapa (Fish) Vendors* (1975) and *Fruit Market* (1957)—which fetched $1.52 million and $1.56 million respectively. Only about 20 works by Magsaysay-Ho exist in this delicate medium, making this lot exceptionally scarce. The sale also includes three works by Spanish Filipino artist Fernando Zóbel, whose market has recently surged after exhibitions at the Prado Museum, Ayala Museum, and National Gallery Singapore.
D Lan Galleries is returning to TEFAF Maastricht in 2026 following a landmark debut that generated nearly $1.4 million in sales. The Melbourne and New York-based gallery will showcase 13 masterworks by prominent First Nations Australian artists, including Emily Kam Kngwarray, Sally Gabori, Johnny Warangkula Tjupurrula, and Gordon Bennett. The presentation spans works from the 1970s to the present, highlighting the evolution of Indigenous Australian art on the global stage.
Sotheby’s has secured the personal collection of the late financier and legendary art dealer Robert Mnuchin for its marquee May auctions in New York. The 24-work consignment is headlined by Mark Rothko’s 1957 masterpiece 'Brown and Blacks in Reds', which carries an estimate of $70 million to $100 million. The collection also features significant works by Willem de Kooning, Franz Kline, and Jeff Koons, reflecting Mnuchin's lifelong dedication to postwar abstraction and the New York School.
Lévy Gorvy Dayan sold Andy Warhol's 'Muhammad Ali' (1977) for $18 million during the VIP preview of Art Basel Miami Beach. The painting, autographed by Ali and formerly owned by Richard L. Weisman, was displayed just a few hundred feet from the Miami Beach Convention Center, where Ali defeated Sonny Liston in 1964. The consignment was kept secret until ten days before the fair, and the work drew crowds of buyers and admirers, including Ali's sons and figures connected to Warhol's 'Athletes' series.
Phillips’s modern and contemporary evening sale on 19 November generated nearly $54.8 million ($67.3 million with fees), a 25% increase over the same sale last year. Out of 33 lots, only two failed to sell, achieving a 94% sell-through rate. The top lot was Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967), which hammered at $13.5 million, followed by an untitled Joan Mitchell work from 1957-58 at $12 million. The sale also included natural history objects for the first time, such as a juvenile Triceratops skeleton nicknamed 'Cera,' which sold for $4.35 million. Female artists performed strongly, with Ruth Asawa’s copper wire sculptures sparking lengthy bidding wars and Firelei Báez setting a new artist record that was later broken at Christie’s the same evening.
Art Basel Paris opened its 'Avant Première' day at the Grand Palais on October 21, 2025, with strong early sales led by Hauser & Wirth's sale of Gerhard Richter's *Abstraktes Bild (Abstract Painting)* (1987) for $23 million. Other notable sales included Julie Mehretu's *Charioteer* (2007) for $11.5 million at White Cube, Amedeo Modigliani's *Jeune fille aux macarons* (1918) for just under $10 million at Pace Gallery, and a Ruth Asawa sculpture for $7.5 million at David Zwirner. The fair, running through October 26, features 203 galleries and introduced the exclusive preview day as a new scheduling element.
Artnet News profiles five ultra-contemporary artists working in China today, highlighting their practices amid shifting cultural narratives, economic pressures, and technological change. Featured artists include Xia Yu, known for tempera paintings of everyday life, and Ye Linghan, who creates monumental "data portraits" from smartphone screenshots. The article details their backgrounds, notable exhibitions, market prices, and upcoming projects, emphasizing their growing appeal to collectors and curators.
Christie’s marquee evening sales in London achieved a combined total of £197.5 million ($263.8 million), characterized by a steady, prearranged atmosphere rather than high-stakes drama. The auction house relied heavily on financial safety nets, with a 52 percent year-over-year increase in third-party guarantees ensuring the sale of 21 key lots. While the event featured a theatrical unveiling of a new rostrum designed by Sir Jony Ive, the actual bidding remained largely conservative and focused on blue-chip stability.
Sotheby's held a day sale on Wednesday featuring 30 works from the collection of cosmetics heir Leonard Lauder, generating $3.84 million against an estimate of $2.22 million to $3.29 million. The sale followed a strong Tuesday auction led by a Gustav Klimt portrait from Lauder's collection that achieved the second-highest price ever for an artwork at auction. Standout results included works by Dorothea Rockburne, Elizabeth Murray, and Lyonel Feininger that far exceeded their estimates, while a Claes Oldenburg sculpture sold for $444,500, the top price of the day.
Phillips’s Frieze Week evening sale in London totaled £10.33 million ($13.88 million) across 22 lots, a 32% decline from last year’s £15.1 million on 31 lots. The sale was 82% sold by lot and 84% by value. Highlights included a new world auction record for Emma McIntyre, whose painting *Seven Types of Ambiguity* (2021) sold for £167,700, and strong results for Martha Jungwirth and Flora Yukhnovich. However, major lots by Banksy, Andy Warhol, and Jean-Michel Basquiat underperformed or failed to sell, and four lots went unsold, including works by Andreas Gursky and Sigmar Polke.
Artnet News columnist reflects on the fragile state of the art market as 2025 ends, noting that global instability and troubling news have dampened buyer psychology. Despite this, major auction houses reported strong annual sales—Sotheby's at $7 billion (up 17%) and Christie's at $6.2 billion (up 6%)—and a series of high-profile sales, including the Pauline Karpidas collection auction and Leonard Lauder's Gustav Klimt portrait fetching $236.4 million, have sparked renewed momentum. The article quotes advisors and dealers who sense a market bottom has passed, with buyers returning to auctions and fairs like Art Basel Miami Beach.