The Marcel Duchamps That Got Away: On Collecting His Work and the Sprawling MoMA Show

The article recounts the author's personal experience as a collector who passed up the opportunity to buy a complete set of Marcel Duchamp's readymades at a 2002 Phillips de Pury and Luxembourg auction. The set, editioned by dealer Arturo Schwartz in 1964, included iconic works like *Fountain* and *Bicycle Wheel*, but the sale was a financial failure, with many pieces bought-in or selling for far below expectations. The author later acquired some of the unsold works privately. The piece is framed around the concurrent Duchamp exhibitions at the Museum of Modern Art and Gagosian.

The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

Philadelphia Is Rich With Museums and Galleries. ‘Elsewhere’ Aims to Find Out If It Can Support an Art Fair

Philadelphia gallerist Megan Galardi is launching a new art fair called Elsewhere, set to debut June 4–6 at the Yowie Hotel on South Street. The fair will feature 27 exhibitors from cities including London, New York, and Philadelphia, with seven local dealers such as Fleisher/Ollman, Blah Blah Gallery, and Fjord. Galardi, who founded Blah Blah Gallery in 2023 and has participated in small New York fairs like Spring/Break and Future Fair, designed Elsewhere as a boutique, hotel-based event that offers a lower-cost, more intimate alternative to large-scale art fairs.

British billionaire's £200m art collection most expensive ever offered in UK

British billionaire Joe Lewis will sell a tranche of his art collection in a standalone sale at Sotheby’s in London this June, estimated at £150m–£200m. This makes it the most valuable single-owner collection ever offered in the UK, surpassing the Pauline Karpidas collection which totalled £101m. Highlights include Gustav Klimt’s *Bildnis Gertrud Loew* (est £20m–£30m), Amedeo Modigliani’s *Homme à la pipe* (est £12m–£18m), and Francis Bacon’s *Two Studies for Self-Portrait* (est £8m–£12m). The sale follows a smaller March auction of four works from the Lewis collection that focused on School of London artists.

$102 Million Verdict Over Robert Indiana Artwork May End Years-Long Legal Battle

A Manhattan federal jury awarded $102 million in damages to the Morgan Art Foundation in its lawsuit against art publisher Michael McKenzie, finding him guilty of making and selling unauthorized Robert Indiana artworks. The verdict, delivered on April 23, follows a complex legal battle that began just before Indiana's death in 2018, involving accusations of exploitation, fraud, and copyright infringement. McKenzie and caretaker Jamie Thomas were also accused of taking advantage of the elderly artist. The case has cast doubt on the authenticity of some late Indiana works and affected his market, with his auction record remaining at just over $4 million since 2011.

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.

Artists Sell More Than $1 M. in Art at Sotheby’s in Support of a Debt-Free Yale MFA Program

A group of artists including Mickalene Thomas, Tammy Nguyen, and Richard Prince are donating works to a Sotheby’s contemporary art day sale next month, with proceeds expected to exceed $1 million. All funds will go toward making Yale University’s MFA art program tuition-free. The sale features works by Yale alumni both historical—Walker Evans, Josef Albers—and contemporary, such as Dominic Chambers and Do Ho Suh, whose $200,000–$300,000 piece is among the lots. The highest-estimated work is a Richard Prince photograph from his “Spiritual America” series, valued at $500,000–$700,000.

Lévy Gorvy Dayan Bets on Urgency With New LGD Hammer Sales Platform

Lévy Gorvy Dayan has launched LGD Hammer, a new sales platform that blends gallery exhibition with auction-style urgency. The first work offered is Willem de Kooning's *Milkmaid* (1984), estimated at $10–$15 million, which will be on view by appointment from May 2 until the sale on May 16. Gallery cofounder Dominique Lévy will serve as auctioneer, drawing on her Christie's experience, while bidding occurs by phone with online observation. Cofounder Brett Gorvy emphasized the platform is not a market overhaul but a response to slowed private sales and cautious collectors who still respond to competitive pressure.

London Dealer Stephen Friedman Owes $10.6 M. to Dozens of Creditors, Including Artists Deborah Roberts and Kehinde Wiley

London-based gallery Stephen Friedman has accumulated debts of approximately $10.6 million, according to official documents filed with Companies House. Creditors include Coutts & Co. bank (£3.2 million), Pentland Group Ltd. (£1.4 million), the UK tax authority, the Pollen Estate, art logistics company Crozier, and several prominent artists—Alexander Diop (£341,905), Deborah Roberts (£289,232), and Kehinde Wiley (£163,849). The gallery closed its New York space in November 2024 after just two years, then abruptly shut its London location and entered insolvency proceedings in February 2025, shortly after pulling out of Art Basel Qatar. A restructuring proposal by FRP Advisory was approved on 22 April.

The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

Sotheby's will auction a major collection of masterpieces by artists including Gustav Klimt, Henri Matisse, Lucian Freud, and Francis Bacon, consigned by Joe Lewis and his daughter Vivienne, whose family owns Tottenham Hotspur. The collection, expected to fetch over £150 million, is projected to become the most valuable ever offered in London, with highlights such as Klimt's 'Bildnis Gertrud Loew' (estimated £20-30m) and Egon Schiele's 'Danaë' (estimated £12-18m, potentially setting a new artist record). The works will be exhibited in New York and London before the June sales.

Dallas Museum of Art acquires six works at 2026 Dallas Art Fair

The Dallas Museum of Art acquired six works from the 2026 Dallas Art Fair, held April 16–19 at the Fashion Industry Gallery in the Dallas Arts District. The acquisitions, made possible by the Dallas Art Fair Foundation + Dallas Museum of Art Acquisition Fund, include pieces by Nicole Eisenman, Gloria Klein, Caroline Monnet, Hasani Sahlehe, and Raymond Saunders. Selections were made by DMA curators including Dr. Vivian Li, Ade Omotosho, Dr. Emily Friedman, Dr. Nicole R. Myers, and director Brian Ferriso. This marks the tenth year of the fund, which has added 78 works to the museum's permanent collection since 2016 through over $1 million in donations.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

Online Auctions Continue to Draw in First-Time Art Buyers as Sales Grow

Online-only sales of fine art at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions reached $423.9 million in 2025, an 8 percent increase from 2024. The number of lots sold remained steady at 29,623, but the average price per work rose 8.6 percent to $14,309. Sales were 270 percent higher than in 2019, before the pandemic accelerated the shift to digital auctions. Christie’s reported that 63 percent of new buyers in 2025 made their first purchase online.

Online-Only Art Auctions Overwhelmingly Succeed in 2025

A new report from Artnet reveals that online-only auctions at Sotheby’s, Christie’s, Phillips, Bonhams, and Artnet Auctions generated $423.9 million in 2025, an 8% increase from 2024. The average price of artworks sold online also rose 8.6% to $14,309, with some platforms like Fair Warning finding success through hyper-specific sales, such as one centered on Andy Warhol’s 1974 portrait of Brigitte Bardot. Christie’s reported that 63% of new buyers made their first purchase online in 2025, where the average price point was $22,700.

Marc Chagall | Sujet Biblique (1956) | For Sale

A limited-edition lithograph by Marc Chagall, titled *Sujet Biblique* (1956), is being offered for sale through Palm Beach Modern Auctions. The work is signed, bears a blind stamp, and is edition 2/15. It was originally published by Antoine Teriade in Paris for the Verve Vol. III art review, and its provenance includes a previous sale at Phi Auctions in 2021–2022. The lot is listed with a buyer's premium of 28% and is sold "AS IS" under the auction house's standard terms.

Joan Miró | Quelques Fleurs Pour Des Amis: Milani (#25) (1964) | For Sale

A lithograph by Joan Miró from his "Quelques Fleurs pour des Amis" series, titled *Milani (#25)* (1964), is being offered for sale through Palm Beach Modern Auctions. The work is a limited-edition print on paper, signed in plate, from an edition of 150, printed by Mourlot, Paris, and published by Societe Internationale d'Art XXe Siecle, Paris. The listing includes details on condition, buyer's premium, and bidding terms.

Michael Jackson Accessories Hit the Market Amid Biopic Buzz

GWS Auctions is offering nine pieces of Michael Jackson memorabilia in a May 2 sale, including a signed pair of the late singer's Florsheim loafers. The auction features 734 items from the collection of Prince Lorenzo de' Medici, with highlights such as a crystal-studded white glove from Jackson's 1984 Victory tour and Swarovski-embellished socks from his Dangerous tour. The loafers, authenticated by Jackson's assistant Rosemary Chavira, carry a starting bid of $7,500, and the sale coincides with the record-breaking opening weekend of a new Michael Jackson biopic.

Rare Roy Lichtenstein Work Could Net $60 Million at Auction

A long-lost Roy Lichtenstein painting from his iconic 'Girl' series, *Anxious Girl* (1964), has resurfaced after more than 30 years in a private collection and will be offered at Christie’s 20th Century Evening Sale in New York on May 18. The work, one of only 10 comic-inspired female portraits Lichtenstein produced during his breakthrough period between 1963 and 1965, carries an estimate of $40–60 million. The consignor acquired it from legendary Pop art patrons Horace and Holly Solomon over three decades ago.

A New York si è svolta un’asta di oggetti di design con risultati clamorosi (specchi da 30 milioni e altro ancora)

On April 22, 2026, Sotheby's in New York auctioned the first part of the Jean and Terry de Gunzburg collection, comprising around 125 exceptional design and contemporary art pieces. The sale, held at the Breuer Building, achieved a complete sell-out and became the most valuable design auction ever in the United States, totaling $96 million. A highlight was a new auction record for Claude Lalanne: a set of fifteen mirrors originally commissioned by Yves Saint Laurent sold for over $30 million, surpassing the previous record set by her husband François-Xavier Lalanne's Hippopotame Bar.

Jean-Michel Basquiat | FAE Musée d'Art Contemporain (Sans titre) (Untitled) (1993) | For Sale

An extremely rare original 1993 exhibition poster for a posthumous Jean-Michel Basquiat solo show at FAE Musée d'Art Contemporain in Pully-Lausanne, Switzerland is being offered for sale by Graves International Art. The offset-lithograph poster, featuring Basquiat's untitled 1982 painting, was designed by Pierre Neumann and comes from a private collection in Hamburg, Germany. The listing notes that no other example of this poster has appeared on the secondary market or at auction before, and it is issued unsigned and posthumous.

This 17th-Century ‘Supercomputer’ Could Set a New Auction Record

A rare 17th-century Mughal astrolabe, crafted in Lahore in 1612 by brothers Qa'im Muhammad and Muhammad Muqim, is heading to Sotheby's London on April 29 with an estimate of £1.5 million to £2.5 million ($2 million to $3.4 million). Weighing nearly 20 pounds and measuring the diameter of a large cooking pot, it is one of only two known astrolabes by these makers—the other resides in the National Museum of Iraq. Commissioned by Aqa Afzal, a Safavid-born deputy governor of Lahore, the instrument lists 94 cities, 38 stars, zodiac signs, and includes quadrants for trigonometry and solar calculations, blending Islamic and Sanskritic astronomical traditions.

George Morrison painting highlights May 7, 2026 Heritage sale

Heritage Auctions will offer George Morrison's painting *Palisade* (1958) as the highlight of its May 7, 2026 Modern & Contemporary Art Signature Auction. The 76-lot sale features a global survey of postwar and contemporary abstraction, including works by Takeo Yamaguchi, Fritz Winter, Andy Warhol, Tom Wesselmann, Wayne Thiebaud, Fernando Botero, David Bates, KAWS, and George Rickey.

Full extent of Stephen Friedman Gallery's £7.8m debt revealed in filings

Administrators' filings for Stephen Friedman Gallery reveal a total debt of £7.8 million following its closure in February. Three prominent artists—Alexandre Diop, Deborah Roberts, and Kehinde Wiley—are among the unsecured creditors owed a combined £795,000, expected to recover only eight to nine pence per pound. The largest secured creditor is Coutts & Company, owed £3.1 million, followed by Pentland Group with £1.4 million outstanding. The gallery also owes £505,113 to the Pollen Estate for its Cork Street lease, £550,000 to HMRC, and significant sums to shipping and storage firms, including Crozier (£256,470) and Gander & White (£86,772). Art fairs Frieze and Art Basel Qatar are owed £71,227 and £18,763 respectively.

Lucio Santiago | LA ESPERA (2015) | For Sale

Lucio Santiago's bronze sculpture "LA ESPERA" (2015) is listed for sale at US$3,400 through Bernardini Art Gallery & Auction House. The work measures 23 × 19 × 19 cm, is unique, and signed. Lucio Santiago, born in 1987 in Oaxaca de Juárez, is the son of artist Alejandro Santiago. His artistic training includes workshops in photography at the Manuel Álvarez Bravo center and with Katy McFadden, as well as graphic art at Gráfica Bambú and a three-year residency at La Ceiba in Xalapa. His first solo exhibition was in 2007, and he has since shown in Europe and the US. His work explores themes of life and death, incorporating wings, skeletons, mutilated bodies, and animals like eagles, fish, and coyotes.

Two New Italian Paintings for the Bemberg Collection in Toulouse

Deux nouveaux tableaux italiens pour la Collection Bemberg à Toulouse

The Collection Bemberg in Toulouse has acquired two new Italian paintings, including a still life by Bernardo Strozzi (1581-1644) purchased at the Maastricht art fair from Galerie Canesso. The work, a vibrant depiction of peonies and fruit, was previously sold at Sotheby's London in July 2013 and first published in 1985. The acquisition continues the museum's decade-long strategy of enriching its holdings with major works sourced from the art market, guided by its scientific council.

New contemporary art auction to debut in Dubai this May

A new auction platform called Bam Auctions will launch in Dubai this May, with its inaugural sale held on Saturday at Bayt AlMamzar, an independent cultural space in a restored villa. The sale features 21 lots of contemporary art from the UAE and the wider region, including works by Jaber Al Azmeh, Manal Al Dowayan, and Hale Tenger, with estimates ranging from a few hundred to several thousand dollars. Bidding will be in person with remote options via phone, WhatsApp, and absentee bids.

EFG LATIN AMERICA ART AWARD PRESENTS THE NOMINATED ARTIST AT SP ARTE 2026

The EFG Latin America Art Award, in partnership with ArtNexus, has named Brazilian artist Cristiano Lenhardt as the nominated artist at SP-Arte 2026. Lenhardt, represented by Fortes D'Aloia & Gabriel, was selected for his work *Lieoe* (2025), a mixed-media piece combining ceramic and embroidery on cotton that responds to the devastating floods in Rio Grande do Sul in May 2024. The selection was made with input from Fernando Oliva, curator of MASP, and Celia Sredni de Birbragher, director and editor of ArtNexus.

EFG LATIN AMERICA ART AWARD PRESENTA AL ARTISTA NOMINADO EN SP ARTE 2026

The EFG Latin America Art Award, in partnership with ArtNexus, has named Brazilian artist Cristiano Lenhardt as its nominee from SP-Arte 2026. Lenhardt, represented by Fortes D'Aloia & Gabriel, was selected for his work *Lieoe* (2025), a mixed-media piece combining ceramic, embroidery, and cotton fabric dyed by floodwaters from the Guaíba River. The work responds to the environmental tragedy of the May 2024 floods in Rio Grande do Sul, transforming trauma into a tactile, intuitive object. The nomination was made with input from Fernando Oliva, curator of MASP, and Celia Sredni de Birbragher, director of ArtNexus.

Artnet et Artsy amorcent leur intégration

Artnet and Artsy, both acquired in 2025 by British fund Beowolff Capital, are beginning their integration under a shared management structure while maintaining separate brands and websites. The reorganization has already involved job cuts and aims to more closely align market data, online visibility, and transactions amid a fragile online art sales environment.