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.

epstein files art deals loans llcs

Thousands of documents released by the U.S. Department of Justice reveal that convicted sex offender Jeffrey Epstein was the hidden architect behind billionaire Leon Black's multi-billion dollar art investment and financial strategy from 2012 to 2017. Epstein managed Black's vast collection, valued at $2.7 billion in 2016, setting up LLCs, negotiating loans and commissions with major auction houses and galleries, and deploying the art for tax and estate planning.

fog design and art fair 2024

The FOG Design and Art Fair celebrated its 10th anniversary with a buoyant 2024 edition at San Francisco's Fort Mason Center, opening January 18. The fair saw brisk sales, including a Jim Hodges canvas sold for $115,000 at Gladstone Gallery and multiple works by Anicka Yi, Yayoi Kusama, Wolfgang Tillmans, and Ruth Asawa at David Zwirner. Tina Kim Gallery sold works by South Korean artists Kim Tschang-Yeul and Ha Chong-Hyun, as well as two Pacita Abad pieces, with one fetching $200,000 to $250,000. The San Francisco Museum of Modern Art (SFMOMA) acquired several works for its permanent collection via the FOG Forum Fund, including pieces by Maria Pergay, Duyi Han, and Katie Stout.

what is reference baiting art market

At Art Basel Miami Beach 2025, the art market showed a strong turn toward historical references, with galleries like Gagosian featuring Jeff Koons' antique-inspired sculptures and Takashi Murakami's reproductions of Cézanne and Van Gogh. The new Zero 10 sector, named after a 1915 Malevich exhibition, highlighted digital artists such as Beeple and Larva Labs. This trend reflects a broader "flight to quality" in an uncertain market, where collectors seek reassurance by associating emerging or overlooked artists with established historical names.

frieze new york 2025 sales report

Frieze New York opened on a warm Wednesday morning, with a packed spring art week schedule that saw the fair and TEFAF's US edition separated by just 24 hours. The VIP day was animated with strong sales, including Jeff Koons's *Hulk (Tubas)* reportedly selling for $3 million at Gagosian, which presented the artist's first collaboration since he left the gallery in 2021. Other notable sales included works by Liza Lou, Joan Snyder, David Salle, and Adam Pendleton, with Pace Gallery selling all six of Pendleton's paintings within hours. Galleries reported a slower but deliberate pace of buying, with collectors taking more time to make decisions.

3 million jeff koons hulk sells on buoyant first day at frieze new york

At the VIP opening of Frieze New York on Wednesday, dealers reported strong sales despite economic uncertainty from Trump administration policies and trade war threats. The fair, recently sold to Hollywood powerhouse Ari Emanuel, returned to the Shed in Hudson Yards with 67 exhibitors. Gagosian Gallery generated the most buzz, selling one of three Jeff Koons Incredible Hulk sculptures—polychromed steel works priced around $3 million each—and placing a hold on another. Other notable sales included works by Tuan Andrew Nguyen, Tomie Ohtake, Sheila Hicks, Liza Lou, and Gertrude Abercrombie, with galleries like James Cohan, Galeria Nara Roesler, Thaddaeus Ropac, Karma, and Hauser & Wirth reporting brisk business.

Ceramics Are Everywhere, in Museums, Galleries, and Fairs—Has the Market Caught Up?

Ceramics are experiencing a surge in visibility across museums, galleries, and art fairs in major US cities. The article catalogs numerous recent and upcoming exhibitions, including Kathy Butterly's sold-out show at James Cohan with pieces at $45,000 each, Nicole Cherubini's nearly sold-out show at Friedman Benda with prices up to $65,000, and Ruby Neri's work at Salon 94 peaking at $75,000. Other highlights include Ron Nagle at Matthew Marks, Theaster Gates' Gagosian show celebrating David Drake, NADA Ceramics in Tribeca, and ceramic presentations at Frieze Los Angeles, Post-Fair, Expo Chicago, and David Zwirner. Institutional shows include Toshiko Takaezu at Princeton University Art Museum and a ceramic collection at RISD Museum.

kenny schachter aucton sales column

Kenny Schachter's column reveals that Jeff Bezos secretly bought Frida Kahlo's 1941 painting *Me and My Parrot* for over $130 million in a private auction hosted by Christie's in 2021, and that Mark Zuckerberg recently purchased René Magritte's 1964 painting *Le fils de l'homme* (The Son of Man) for roughly $150 million in another private treaty sale negotiated by Christie's. The article also discusses a new private auction Christie's is organizing for a major Magritte work valued north of $50 million, and critiques the growing influence of tech billionaires—the "Magnificent 7"—on the art market.

pilar corrias new gallery london 2023

Pilar Corrias is expanding her London gallery with a new 5,000-square-foot flagship space at 49-51 Conduit Street in Mayfair, featuring 16-foot ceilings and street-level access. The gallery, now 15 years old, has grown from representing 4 to 35 artists, including top-selling names like Christina Quarles. Corrias decided to open the new space after a four-year search, citing its rare size and industrial character as a contrast to her existing Savile Row location, which she will retain. The first exhibition in the new gallery will showcase new paintings by Christina Quarles.

egon schiele artworks recently restituted head to christies

Seven works on paper by Egon Schiele have been restituted to the heirs of Fritz Grünbaum, a Jewish cabaret performer killed at Dachau concentration camp in 1941 after being forced to surrender his art collection to the Nazis. Six of these pieces will be auctioned at Christie’s New York in November 2024, with three watercolor portraits—including *Stehende Frau (Dirne)* (1912), *Selbstbildnis* (1910), and *Ich liebe Gegensätze* (1912)—headlining the 20th Century Evening Sale on November 9, and three more offered in the Impressionist and Modern Works on Paper Sale on November 11. Estimates range from $150,000 to $2.5 million per work, and proceeds will be split among Grünbaum’s heirs, who plan to fund a scholarship program for young musicians.

jack shainman gallery responds odili donald odita lawsuit

Jack Shainman Gallery has formally responded to a lawsuit filed by artist Odili Donald Odita, who accused the New York gallery of refusing to return his artworks. Odita, whose work has been shown at the Venice Biennale and who recently painted the atrium of the Museum of Modern Art, claimed the artworks were worth $1.12 million. In a late November filing, the gallery countered that it holds far less inventory than Odita alleges and that the artist still owes money for production costs. The gallery disclosed that it had paid Odita a monthly stipend starting in 2016—$14,000 per month at its peak—which stopped in 2024, and that Odita had received $586,000 in loans. The gallery claims it has the right to retain five works valued at $650,000, which were consigned to David Kordansky Gallery, and that Odita must repay over $292,000 in outstanding loans.

ken griffin basquiat stephen friedman gallery

London's Stephen Friedman Gallery is facing serious financial difficulties, with its 2024 financial reports overdue and its 2023 accounts revealing a loss of £1.7 million. The gallery, which recently expanded with a large new London space and a New York outpost, is reliant on external financing and negotiations with creditors to continue operating, casting significant doubt on its future viability.

rashid johnson nosedive auction

Rashid Johnson's mixed media work *Untitled Escape Collage* sold for $292,100 at Phillips's Modern and contemporary art day sale in New York on May 14, falling short of its low estimate and representing a 72 percent loss in value for the consignor, who had purchased it for $816,500 at the same auction house in 2022. The disappointing result coincides with Johnson's solo exhibition at the Guggenheim Museum in New York.

The 10 Best Booths at Art Basel Miami Beach 2025

Art Basel Miami Beach returned for its 23rd edition on December 3, 2025, with VIP previews at the Miami Beach Convention Center. The fair features 283 galleries from 43 countries, alongside nearly 20 satellite fairs including NADA and Untitled Art. Notable sales include a $5.5 million Gerhard Richter painting at David Zwirner and a $15 million Frida Kahlo miniature self-portrait at Weinstein Gallery. Director Bridget Finn expressed optimism about the fair's energy and its role in connecting contemporary art with music, fashion, and film.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

Sotheby’s Opens the London Spring Marquee Sales With a £131M White-Glove Night

Sotheby’s London kicked off the spring auction season with a "white-glove" Modern & Contemporary Evening Sale, totaling £131 million ($176 million). Despite significant geopolitical instability and market anxiety following recent escalations in the Middle East, the auction achieved a 100 percent sell-through rate across 54 lots. Key highlights included works by Andy Warhol, a Claude Monet landscape once owned by John Singer Sargent, and a Jean-Michel Basquiat painting that sold for £3.7 million after a mid-sale renegotiation.

‘To this day, I can’t get it out of my mind’: Tobias van Gils on missing out on Maurizio Cattelan's orchid

Tobias van Gils, founder of the Zurich-based investment firm MLT Capital, discusses his art collection in an interview with The Art Newspaper. He shares his early collecting journey, recent acquisitions like a large mountainscape by Harold Ancart, and his regret over missing out on Maurizio Cattelan's blue orchid work "Meat" (2024). Van Gils also mentions launching the MLT Art Foundation with his wife to house their collection and support art programming focused on children. He offers personal insights on his decision-making process, favorite artworks, and tips for navigating Art Basel.

What does a so-called ‘buyer’s market’ look like at Art Basel?

At Art Basel 2025, a consensus has emerged among dealers and advisers that the fair represents a 'buyer's market,' characterized by slow sales, modest expectations, and increased negotiating power for collectors. Galleries are offering discounts of 20-30% below asking prices, particularly for works under $1 million, though open discussion of discounts remains taboo in Switzerland. Some dealers, like Tim Blum of Blum gallery, acknowledge a paradigmatic shift, with galleries adapting by focusing on established artists and estates, while still seeing demand for reasonably priced younger artists.

A Bodybuilder’s 3,300-Year-Old Egyptian Stele Heads to TEFAF

A 3,300-year-old Egyptian stele once owned by bodybuilding pioneer Ben Weider is set to be a highlight at TEFAF New York this May. The limestone carving, which depicts Pharaoh Thutmose IV, was gifted to Weider in 1964 and recently surfaced at a Montreal auction before being acquired by the London-based gallery David Aaron. Alongside the stele, the gallery will present a 2,500-year-old greywacke bust of a goddess, which was recently authenticated after being dismissed as a fake due to its pristine condition and 18th-century restorations.

Dealer David Schrader’s Case for a More Fluid Art Market: ‘Volume Begets Volume’

Art dealer David Schrader is launching a new secondary-market gallery in New York with partners Marc Glimcher and Emmanuel Di Donna. He argues the current market stabilization and renewed optimism, especially in the secondary sector, provide a favorable backdrop for their streamlined, focused venture that aims to avoid the overhead of historic gallery models.

work of the week maria berrio sothebys

Sotheby’s is offering María Berrío’s mixed-media collage "Act II, Scene 4: Threshold" in its "Contemporary Discoveries" online sale with an estimate of $60,000–$80,000. This specific work previously sold for $380,000 at the Two x Two for AIDS and Art charity auction in 2023, far exceeding its then-retail value of $125,000. The current auction serves as a litmus test for the artist's secondary market resilience following a period of intense speculative trading.

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.

Arnaldo Pomodoro | Arnaldo Pomodoro - Untitled for Art and Research (Ca… (2003) | For Sale

Arnaldo Pomodoro's 2003 etching "Untitled for Art and Research (Ca…" is being offered for sale. The work is an artist's proof on wove paper, signed and annotated p.a., one of only 15 proofs aside from the regular edition of 150. It was created to support the "Art and Research" event in Milan, sponsored by the Mario Negri Pharmacological Research Institute, and published by Art 3, Alberto Serighelli. The piece is framed under UV Plexiglass and measures 12.75 x 12.5 x 1.5 inches framed.

5 Artists on Our Radar in September 2025

Artsy's September 2025 edition of 'Artists on Our Radar' highlights five emerging artists making waves in the art world. The featured artists are Alexandre Diop (b. 1995, Senegal), a Vienna-based mixed-media artist newly represented by Stephen Friedman Gallery with a solo exhibition opening September 19; Ahrong Kim (b. 1985, South Korea), a New Jersey-based ceramic sculptor with a solo show at LaiSun Keane in Boston through September 28; and Marlon Portales (b. 1991, Cuba), a Miami-based painter represented by Spinello Projects. The article profiles each artist's background, recent exhibitions, and notable works, drawing on Artsy's data and curatorial expertise.

ada lovelace daguerreotypes uk national portrait gallery

The National Portrait Gallery in London has acquired the only surviving photographs of 19th-century mathematician Ada Lovelace, a group of three daguerreotypes that were originally offered at Bonhams in June 2025 with an estimate of £80,000 to £120,000. The lot was withdrawn from auction and the museum secured it via a private treaty sale, a confidential negotiation process that allows institutions to purchase significant artworks directly from private owners. Two of the daguerreotypes were taken by French photographer Antoine Claudet around 1843, the year Lovelace published her foundational paper on Charles Babbage's Analytical Engine, while the third, by an unknown photographer, reproduces an 1852 portrait by Henry Wyndham Phillips showing Lovelace near the end of her life.

London show of Lee Miller photographs is fundraising to save thousands of her negatives

The Lee Miller Archives, established after the American photographer's vast collection was discovered in the attic of her Sussex home following her death in 1977, is raising funds through an exhibition at Lyndsey Ingram gallery in London to conserve up to 60,000 negatives and prints, some nearly 100 years old and in perilous condition. The show, titled "Lee Miller: Performance of a Lifetime" (23 January-25 February), explores the role of theatre and performance in Miller's work from her 1929 arrival in Paris through her WWII photojournalism, with prices starting at £3,800. Proceeds will enable freezing and preservation of the archive stored at Farleys House, where Miller lived with her husband Roland Penrose.

Artworks That Give Back. Our Selection of 10 Artists at the Artis Arundo Spotlight.

The article highlights the Artis Arundo Spotlight, a chapter of the TOP CHARITY Art exhibition in Warsaw, featuring 10 contemporary artists including Helena Stiasny, Courage Hunke, Aleksandra Liput, and Zuzanna Szary. Their works are available in an online charity auction until June 8, 2025, with proceeds supporting artist grants, residencies, and project funding. The exhibition, held at the King John III Palace Museum in Wilanów, also includes a preview of the OmenaArt Foundation's African art collection, a Sculpture Garden with Opera Gallery, and a tribute to Amedeo Modigliani's Tête de Cariatide.

art market reporting doom coverage

Artnet News released its mid-year intelligence report on the art market, led by Katya Kazakina's analysis titled “The Storm Hits the Art Market: Who’s Getting Swept Away?” The article cites major gallery closures including Blum, Venus Over Manhattan, and Kasmin, and quotes a collector warning that “blood will flow in the streets” before the market recalibrates. Kenny Schachter, an artist, dealer, and Artnet columnist, publicly criticized the coverage on Instagram, calling it alarmist and arguing that the market is “fucking fine.” The exchange has sparked a debate about the fairness and responsibility of art-market reporting.

Bank of America ArtTactic Art Market Report 2026 Trends

b of a arttactic art market report 2026 trends

The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

MUUS Collection Acquires Todd Webb Archive, Expanding Its Story of 20th-Century American Photography

MUUS Collection has acquired the archive of American photographer Todd Webb (1905–2000), adding approximately 15,000 prints, 50,000 negatives, ephemera, and his extensive journal to its holdings. Webb is known for his evocative postwar images of New York and Paris, as well as his travels across the American West, Great Britain, New Guinea, and Africa. The archive documents his relationships with key figures such as Alfred Stieglitz, Georgia O'Keeffe, Walker Evans, and Berenice Abbott, and will join works by Rosalind Fox Solomon, Larry Fink, and Deborah Turbeville in the collection.