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The art world's most infamous toilet is heading to New York auction for US$10m – and the starting bid moves with gold

Maurizio Cattelan's solid-gold toilet sculpture, *America* (2016), will be auctioned at Sotheby's New York on 18 November 2025 as part of the Now & Contemporary Evening Auction. The work, weighing 223 pounds of 18-karat gold, has a raw material value of around US$10.2 million based on current gold prices. In a first for auction history, the starting bid will fluctuate with live gold prices until bidding begins. The sculpture was previously installed at the Guggenheim Museum, where over 100,000 visitors used it, and later made headlines when the Guggenheim offered it to the Trump White House as a loan alternative to a Van Gogh painting. One edition was stolen and never recovered, making this the only surviving example.

3 key insights from the art business conference new york

The sixth edition of the Art Business Conference took place in Midtown Manhattan on May 22, drawing over 200 art professionals including gallery staff, auction-house specialists, and lawyers. Chaired by former Artnet executive editor Julia Halperin and founded by Louise Hamlin, the event featured keynotes and panels addressing the state of the art market, legal challenges, and the impact of tariffs. Christie’s CEO Bonnie Brennan reported a $700 million haul from recent auctions, noting a thin top end but strong activity for female Surrealists and Simone Leigh sculptures. Advisors Megan Fox Kelly and Alex Glauber described the market as 'recalibrating' rather than in crisis, with buyers showing increased selectivity.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.