In New York, Sotheby's Exhibition-Sales Are Packed

À New York, les expositions-ventes de Sotheby’s font salle comble

Sotheby's New York has experienced an unprecedented surge in public attendance at its exhibition-sales held in the iconic Breuer Building. In just two weeks, over 25,000 visitors—a 3.8-fold increase from the previous year—queued around the block to see works by artists like Gustave Klimt, Maurizio Cattelan, and René Magritte, with total attendance from November to late January reaching 46,325. The crowds, reminiscent of a major museum show, initially overwhelmed staff, who had to manage the flow to preserve the viewing experience for high-value clients.

Comment | The market grew in 2025 but ‘interest in art is waning’

The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.

70 of Stephen Curry’s Game-Worn NBA Sneakers to Be Sold at Sotheby’s, Including a Pair of Nike Kobe 6 Protro ‘Mambacita’

Sotheby’s has announced an online auction of over 70 pairs of sneakers worn by NBA star Stephen Curry during his 2025-26 "sneaker free agency" season. The collection features a diverse range of brands, including Nike, Jordan, Adidas, and Li-Ning, marking the first time Curry was not tied to a single footwear contract. High-profile lots include the Nike Kobe 6 Protro ‘Mambacita’ and the Nike Air Jordan 12 ‘Flu Game,’ with individual estimates reaching up to $50,000.

Photography, a rapidly growing market: global auctions up 19% and increasing space for contemporary art.

The global photography market experienced a significant surge in 2025, with auction turnover at major houses like Christie's, Sotheby's, and Phillips rising 19.1% to $40.4 million. A key trend identified in the Deloitte Private report is the shift away from specialized photography-only auctions toward the integration of high-value photographic works into broader modern and contemporary art sales. This transition has helped drive the average hammer price up by nearly 39%, as seen with million-dollar results for artists like Man Ray, Cindy Sherman, and William Eggleston.

Bank of America ArtTactic Art Market Report 2026 Trends

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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.

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The global art market returned to growth in 2025, reaching $59.6 billion in sales according to the latest Art Basel and UBS Art Market Report. This 4 percent increase ended a two-year decline, driven primarily by a 9 percent surge in public auction sales and a significant revival in high-value transactions for works priced over $10 million. While the United States maintained its dominant 44 percent market share, the recovery was uneven, with the Impressionist and Old Masters sectors seeing major gains while Postwar and Contemporary art continued to cool.