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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.

Artist Foundations’ Net Worth Has Nearly Tripled to $9 B., Led by Cy Twombly Foundation’s $1.5 B. in Art and Assets

New research from the Aspen Institute’s Artist-Endowed Foundation Initiative (AEFI) reveals that artist-endowed foundations in the U.S. now control roughly $9 billion in assets, nearly triple the $3.5 billion reported in 2011 and up 17% from $7.7 billion in 2018. The Cy Twombly Foundation leads with $1.5 billion in art and assets, followed by foundations for Alexander Calder, Joan Mitchell, Helen Frankenthaler, and Robert Rauschenberg, each holding over $500 million. The data, drawn from public tax forms, shows that just five of roughly 500 foundations account for more than half the total, with most established by postwar American artists born before 1931.

Consignors Revealed: The Mystery Sellers Behind the $1.8 Billion May Auctions

Sotheby's kicked off the May auction season with a $433 million sale, including an 11-lot group from the estate of late dealer Bob Mnuchin, led by an $86 million Mark Rothko painting. The three major auction houses are offering $1.8 billion worth of art by low estimate, a 50% increase from last year, driven by consignments from estates of key figures like Mnuchin, philanthropist Agnes Gund, and dealer Marian Goodman. Christie's will stage a sale from publisher S.I. Newhouse's collection expected to bring $450 million, potentially setting records for Jackson Pollock and Constantin Brancusi. The article reveals that many top sellers are anonymous, but unmasked names include the Dennison family and French collector John Sayegh-Belchatowski.

One of Van Gogh’s greatest watercolours could achieve a record price

Sotheby's New York will auction Vincent van Gogh's watercolor *The Harvest in Provence* (June 1888) on May 19, with an estimate of $25–35 million. The work, larger and more elaborate than a related watercolor at Harvard, was created just days before van Gogh's celebrated oil painting of the same scene. It is signed and titled, suggesting the artist considered it a finished piece rather than a mere study, and he sent it to his brother Theo before completing the oil version.

$2.2 million El Anatsui work leads Frieze New York 2026 sales.

Frieze New York 2026 opened its 15th edition at The Shed in Manhattan on May 13th with a VIP preview, drawing collectors, museum directors, artists, and celebrities like Leonardo DiCaprio, Julia Fox, and Sharon Stone. The fair features 68 galleries from 25 countries and runs through May 17th, with a $2.2 million work by El Anatsui leading reported sales.

New £5.5m record for Islamic glass leads London sales

The spring Islamic and Indian art auctions in London, held at Sotheby's and Christie's in late April, achieved strong results despite geopolitical tensions. Sotheby's Arts of the Islamic World & India sales totaled £14.8m, while Christie's Art from the Islamic and Indian Worlds sale and the Mary and Cheney Cowles collection brought in £17.6m. The top lot was a rare 14th-century Mamluk gilded glass bowl from the Toledo Museum of Art, which sold for £5.5m—a new auction record for Islamic glass. Other highlights included a 17th-century Mughal astrolabe that sold for £2m at Sotheby's, setting a record for an Islamic scientific instrument, and strong sales of Iznik ceramics from two old English collections.

How to Buy Minimalist Art

Artsy Editorial offers a guide on buying Minimalist art, explaining the movement's core principles of geometric shapes, limited color palettes, and material reduction. The article highlights key artists such as Carl Andre and Polly Apfelbaum, and emphasizes that Minimalism focuses on the idea behind the work rather than the artist's technical skill.

Frieze New York 2026 Reports Major Sales and Acquisitions

Frieze New York 2026 closed its 15th edition at The Shed on May 17, drawing 25,000 visitors from 75 countries and featuring 68 galleries from 26 countries. The fair reported strong sales across market levels, including seven-figure transactions such as El Anatsui's *LuwVor I* sold by White Cube for $2.2 million and Georg Baselitz's *Stunde der Nachtigall* sold by Thaddaeus Ropac for €1.4 million. The inaugural Sherman Family Foundation Acquisition Fund enabled acquisitions by the Brooklyn Museum and the Baltimore Museum of Art, with works by Bettina, Reika Takebayashi, Seba Calfuqueo, and Joanne Burke. Several galleries, including Johyun Gallery and James Cohan, reported sold-out or near-sell-out booths.

Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

How Did Phillips Pull Off a $115.2 Million ‘White Glove’ Sale? Here’s What the Numbers Say

Phillips achieved a $115.2 million 'white glove' evening sale in New York on Tuesday night, with 41 of 43 lots sold and a 100% sell-through rate after withdrawals. The auction more than doubled last year's $52 million total, led by Andy Warhol's *Sixteen Jackies* (1964) at $16.2 million. Only three records were set—for P.S. Krøyer, Pat Passlof, and Joseph Yaeger—but the sale's success was driven by third-party guarantees on 21 lots and newly launched priority bids.

Phillips Posts $115.2 Million ‘White Glove’ Sale, Big Gain Over Last Year

Phillips’s evening sale of modern and contemporary art on Tuesday achieved a 'white glove' result, selling all 41 lots for a total of $115.2 million with fees, near the $121.7 million top estimate. The sale marked a 119 percent increase over the same sale last year, driven by strong bidding on works by Salman Toor, Lee Bontecou, P.S. Krøyer, Joseph Yaeger, Helen Frankenthaler, Anna Weyant, and Pat Passlof. Two works were withdrawn before the sale, and about half of the lots had third-party guarantees. Despite some lots hammering below their low estimates, including works by Andy Warhol, Francis Picabia, Henri Matisse, and a Jackson Pollock at the center of a lawsuit, the overall result signals renewed market confidence.

7 Artists to Watch at the New York Fairs This Weekend

The article highlights seven artists and presentations to watch at the New York art fairs this weekend, including Frieze, TEFAF, Independent, and NADA. Key highlights include Comme des Garçons' sculptural fashion display at Independent, Danish painter Eva Helene Pade's U.S. debut at Thaddaeus Ropac's TEFAF booth, and sold-out booths for Kelly Sinnapah Mary at James Cohan and Rachel Youn at G Gallery during Frieze. The piece notes that while no single viral spectacle dominates this fair week, a quieter but compelling mix of works and sales is drawing attention across venues.

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.

At TEFAF New York, the Masterpiece Market Had Plenty to Celebrate

TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.

Raymond Pettibon, Chris Johanson | You're Not Worth Much (Hand Signed by Raymond Pettib… (2017) | For Sale

This article is a sales listing for a collaborative artwork by Raymond Pettibon and Chris Johanson, titled "You're Not Worth Much" (2017), hand-signed by Pettibon. The listing includes a biography of Pettibon, detailing his career, exhibitions, and gallery representation by David Zwirner, as well as his influences and major museum shows.

Andy Warhol | Ace Gallery Exhibition Poster "The American Indian S… (1976) | For Sale

An Andy Warhol offset lithograph poster from his 1976-1977 "American Indian Series" is being offered for sale by Revolver Gallery in West Hollywood. The poster, designed to advertise Warhol's exhibition at Ace Gallery Los Angeles in February 1977, depicts Native American civil rights activist Russel Means, a member of the American Indian Movement. Warhol created three different posters for consecutive exhibitions at Flow Ace Gallery Paris (October 1976), Ace Gallery Vancouver (November 1976), and Ace Gallery Los Angeles (February 1977), with this blue version corresponding to the Los Angeles show. The work is signed by Warhol, includes a certificate of authenticity, and is priced at $2,860.

Gladstone now represent The Estate of Anna Zemánková

Gladstone Gallery has announced its representation of The Estate of Anna Zemánková, a self-taught Czech artist known for her influential abstract works that explore psychological and spiritual realms. The gallery will collaborate with Cavin-Morris Gallery and plans to present a solo booth of Zemánková's work at TEFAF New York from May 14–19, 2026, following a spring 2025 exhibition in New York featuring her botanical drawings and works on paper. Zemánková, a key figure in Art Brut, created untitled, biomorphic works rooted in the subconscious, often compared to artists like Kunz and Hilma af Klint.

Scaled back Art Dubai 2026 reveals wide impact of Iran war

Art Dubai 2026 has announced a significantly scaled-back edition for its 20th anniversary, now running from May 15 to 17 at Madinat Jumeirah with a VIP day on May 14. The fair will feature just 50 galleries—a 60% drop from pre-war expectations—and will be free for all visitors for the first time. Two-thirds of participants are Middle East-based, with all Indian galleries canceling due to safety concerns, shipping risks, and lack of insurance. A new “risk-sharing” model allows galleries to pay a percentage of sales capped at their booth fee, while half of withdrawn galleries’ fees are refunded and half credited toward 2027.

What Does a Booth Cost at a New York Art Fair?

Hyperallergic surveyed 13 New York art fairs about their booth pricing, revealing a wide range of costs from $3,500 at NADA Projects to over $105,000 for large booths at Frieze. The article details specific pricing tiers at Frieze ($31,977–$105,717), NADA ($3,500–$11,000), and Independent ($110 per square foot), noting that Frieze has kept 2025 prices for its 2026 edition and that NADA's costs have remained stable since 2022. The investigation also highlights the debut of the Sherman Family Foundation Acquisition Fund at Frieze and the partnership between Independent and the Henry Street Settlement.

Andy Warhol | Cow II.11A (1971) | For Sale

Andy Warhol's screenprint "Cow II.11A" (1971) is being offered for sale by Composition.Gallery, priced at $15,200. The work is a color screenprint on wallpaper, printed by Bill Miller's Wallpaper Studio, Inc., New York, and published by Factory Additions, New York, for a Warhol exhibition at the Whitney Museum of American Art from May 1 to June 13, 1971. It is part of a limited edition of 100, stamped by the artist's estate, and includes a certificate of authenticity.

Our 7 Favorite Artworks Under $10,000 from the 2026 New York Art Week Fairs

New York Art Week 2026 features over 350 art fair booths across Manhattan, with six major fairs forming the core of the event. The article highlights seven favorite artworks priced under $10,000, offering accessible entry points for collectors during the city's busiest art season.

Sotheby’s Posts $433 Million Haul, as Trophy Lots Continue to Carry the Market

Sotheby's May 2025 evening auctions in New York generated $433.1 million, a 132.7% increase over the same sales last spring, despite offering fewer lots. The evening featured an 11-lot sale from the collection of the late banker-turned-dealer Robert Mnuchin, which alone brought in $166.3 million, led by Mark Rothko's "Brown and Blacks in Reds" (1957) selling for $85.8 million. The main contemporary art auction, including "The Now" sale, totaled $266.8 million, with over 80% of lots guaranteed. Four works went unsold and one was withdrawn, yielding a 91% sell-through rate.

Renowned Gallery Air de Paris Bankrupted, Closing This Week

Air de Paris, the Paris gallery known for its punk ethos and commitment to cutting-edge Conceptual art, will close this week after 36 years and more than 400 exhibitions, amid bankruptcy proceedings. Founded in Nice in 1990 by Florence Bonnefous and Edouard Merino, the gallery was named after Marcel Duchamp’s 50cc of Paris Air and became legendary for its inaugural show, “Les Ateliers du Paradise,” which featured artists living in the gallery and later influenced critic Nicolas Bourriaud’s theory of relational aesthetics. The gallery moved to Paris in 1994 and later to Romainville in 2019, showing artists such as Paul McCarthy, Raymond Pettibon, Liam Gillick, Pierre Huyghe, and Dorothy Iannone.

Early David Hockney piece expected to fetch thousands at upcoming auction

A rare early artwork by David Hockney, created when he was just 19, is heading to auction at Tennants Auctioneers' Modern and Contemporary Art Sale on June 13. The mixed media piece, titled *Bolton Junction Eccleshill, Bradford*, depicts scenes from Hockney's hometown and is expected to fetch between £7,000 and £10,000. Originally purchased by Hockney's tutor Malcolm Riley at the artist's end-of-year show, the work reflects the perspective lessons Hockney learned at Bradford Regional College of Art. The sale also features works by other notable northern artists, including two drawings by L.S. Lowry, pieces by mining artists Norman Cornish and Tom McGuinness, and ceramics by Pablo Picasso, alongside lots by Damien Hirst and David Bailey.

Leading French Gallery Air de Paris Is Declaring Bankruptcy and Closing After 36 Years

Air de Paris, a leading French gallery, is declaring bankruptcy and closing after 36 years, as announced by cofounders Florence Bonnefous and Edouard Merino to Cultured. The gallery owes money only to its landlord and bank, not to its artists. The closure is attributed to fragile finances and health issues, including Bonnefous's Chronic Obstructive Pulmonary Disease. The gallery's farewell exhibition, “Oh What a Time,” featured artists such as Trisha Donnelly, Joseph Grigely, Pati Hill, Pierre Joseph, Allen Ruppersberg, Lily van der Stokker, Mona Varichon, and Amy Vogel. Bonnefous will continue to manage the estates of Guy de Cointet, Pati Hill, Dorothy Iannone, Bruno Pelassy, and Sarah Pucci, and work as a curator.

Un grand dessin de Beckmann pour Stuttgart

The Staatsgalerie Stuttgart has acquired a monumental drawing by Max Beckmann titled *Resurrection*, measuring nearly five meters long and three and a half meters high. Executed between 1916 and 1918, it is the largest painting by the artist and a key work in his oeuvre, created after his traumatic experience as a volunteer medical orderly in World War I. Beckmann described the piece as expressing 'the terrifying cry of pain of deceived poor humanity,' marking a shift toward a new formal vocabulary influenced by the war.

Quatre Moreau le Jeune pour Versailles

The French state has preempted four drawings by Jean-Michel Moreau le Jeune at a Christie's Paris auction, securing them for the Palace of Versailles. The works, sold in two lots, depict the festivities in Paris following the birth of the Dauphin Louis Joseph in autumn 1781, including the arrival of the Queen at the Hôtel de Ville and a fireworks display. The drawings were commissioned by the City of Paris and were intended to be engraved, marking a high point of public commissions under the ancien régime. The preemption was made possible through the support of the Friends of the Louvre, echoing a similar acquisition of Hubert Robert works from the same Veil-Picard sale.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

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.

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.