Art News. Vasari Codex

trending_up market schedule May 22, 2026 visibility 26 link 22 artists, 8 galleries

Eyes Wide Open! Kenny Schachter Dishes on Delinquent Dealers, Secret Deals, and That Other ‘Salvator Mundi’

Kenny Schachter offers a sardonic, first-person account of the spring 2025 art season in New York, weaving together observations from auctions, art fairs, and gallery openings. He notes brisk business at Sotheby's and Phillips, citing specific sales like James Ensor's tiny "Still life with Stingray" ($140,800) and Georgia O'Keeffe's double-sided "Maple Leaves and Flowering Cactus" ($1.68 million). Schachter also recounts his experience at Larry Gagosian's new Madison Avenue gallery, where security guards outnumbered the artworks, and reflects on the broader economic climate, including a tax lawyer moonlighting as a 3-D printer for his own sculpture project. He contrasts the wealthiest collectors—one driving a Lamborghini but staying at a Holiday Inn Express—with dealers wearing grim faces at TEFAF, painting a picture of a bifurcated art economy.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 18, 2026 visibility 29 link 29 artists, 4 galleries

The 16 Most Expensive Artworks Ever Sold at Auction

ARTnews published an updated list of the 16 most expensive artworks ever sold at auction, highlighting recent record-breaking sales such as Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16), which fetched over $236.4 million at Sotheby's, and Jackson Pollock's *Number 7A, 1948*, which sold for well above its $100 million estimate at Christie's in May 2026 from the S. I. Newhouse collection. The article traces the history of top auction prices, including Vincent van Gogh's *Orchard with Cypresses* (1888), which sold for $117 million during the Paul Allen sale at Christie's in November 2022, part of a record $1.5 billion single-evening auction.

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trending_up market schedule May 20, 2026 visibility 37 link 7 artists, 1 gallery

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.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 20, 2026 visibility 8 link 18 artists, 3 galleries

Sold-out Phillips auction in New York brings in $115.2m, more than double 2025 result

Phillips’s marquee spring auction in New York achieved a sold-out result, bringing in $91.73 million hammer ($115.2 million with fees), more than double the equivalent sale from a year ago. The top lot was Andy Warhol’s *Sixteen Jackies* (1964), which sold for $13.5 million ($16.2 million with fees), while a Jackson Pollock drip painting that had failed to sell in a previous auction found a buyer at $7.4 million. Fierce bidding occurred for contemporary works by artists with tightly controlled primary markets, such as Salman Toor, whose *Two Friends* (2020) surpassed its high estimate.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 21, 2026 visibility 12 link 6 artists, 1 gallery

Christie’s Posts ‘Rock Solid’ Contemporary Sale, Led by Marian Goodman’s Gerhard Richters

Christie’s 21st-century evening auction in New York on May 20 brought in $162.7 million, a 69 percent increase from the same sale last year and the house’s highest New York evening total in the category since 2021. The sale featured 42 lots, including a single-owner collection of Minimalist works owned by Henry S. McNeil Jr. and eight Gerhard Richter works from the collection of the late gallerist Marian Goodman. The top lot was Richter’s photorealistic painting *Kerze (Candle)* (1982), which sold for $35.1 million, falling short of its $50 million high estimate. Other notable results included a Donald Judd Plexiglas stack that sold for $12.8 million and works by Richard Artschwager and Carl Andre that far exceeded their low estimates.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 22, 2026 visibility 7 link 44 artists, 14 galleries

TEFAF New York 2026: Contemporary Gains Ground

TEFAF New York 2026 is set to feature a stronger contemporary art presence, signaling a shift in the fair's traditional focus on Old Masters and antiques. The event will expand its contemporary offerings, attracting a broader range of galleries and collectors.

newspaper MutualArt open_in_new Read original

trending_up market schedule May 18, 2026 visibility 8 link 5 artists, 1 gallery

A $433 Million Boost for the Market

Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.

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trending_up market schedule May 19, 2026 visibility 22 link 36 artists, 19 galleries

Frieze New York 2026 Sales Report & Contemporary Art Market Trends

Frieze New York 2026 concluded with significant sales activity, as galleries reported strong demand for blue-chip contemporary works. The fair featured a mix of established and emerging artists, with notable transactions including major paintings by living artists and secondary market pieces. Dealers noted a cautious but steady market, with collectors focusing on high-quality, investment-grade works.

newspaper MutualArt open_in_new Read original

trending_up market schedule May 20, 2026 visibility 7 link 14 artists

Robust Sales at Sotheby’s, Phillips Suggest Art Market Upswing

The May 19 evening sales at Sotheby’s and Phillips generated a combined $419.1 million, signaling a potential recovery in the contemporary and modern art market. Sotheby’s brought in $303.9 million—60% more than the previous year—led by a record-breaking $48.4 million Matisse, while Phillips achieved $115.2 million, more than double its 2025 sales. Both auctions saw high sell-through rates, with 98% and 100% of lots sold respectively. Notable lots included a $42.6 million Picasso, a $29.4 million van Gogh drawing, and strong performances by female artists like Lee Bontecou, Joan Mitchell, and Helen Frankenthaler.

newspaper Artforum open_in_new Read original

trending_up market schedule May 19, 2026 visibility 4 link 4 artists

Christie’s Auction Rakes in $1.1 Billion as Pollock Sells For Triple Record Price

Christie’s generated $1.1 billion in back-to-back evening sales on May 18, driven by record-breaking prices for major artworks. The top lot was Jackson Pollock’s 1948 drip painting *Number 7A*, which sold for $181.2 million with fees, tripling the artist’s previous auction record. Other highlights included Constantin Brancusi’s *Danaïde* (ca. 1913) at $107.6 million, Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* (1964) at $98.4 million, and Alice Neel’s *Mother and Child (Nancy and Olivia)* (1967) at $5.7 million. The sales featured works from the collections of S. I. Newhouse and Agnes Gund.

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