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This month’s blockbuster auctions in New York could bring upwards of $2.5bn

This month's May auctions in New York are projected to generate between $1.8 billion and $2.6 billion across Christie’s, Sotheby’s, Phillips, and Bonhams. Major highlights include the estates of legendary dealers Marian Goodman and Robert Mnuchin, with top lots such as Gerhard Richter's *Kerze (Candle)* (est. $35m–$50m) at Christie's and Mark Rothko's *Brown and Blacks in Reds* (est. $70m–$100m) at Sotheby's. Additional offerings include works from the late S.I. Newhouse collection, featuring Jackson Pollock's *Number 7A* and Constantin Brâncuși's *Danaïde*, each estimated at $100m, as well as pieces from the collections of Agnes Gund and Marilyn Arison.

magritte bucksbaum collection sothebys sale

At Sotheby’s Modern evening auction, René Magritte’s 1942 painting *Le Jockey perdu*—which the artist considered a turning point in his career—sold for over $12.3 million, exceeding its high estimate. The work was part of a group of ten consignments from the estate of shopping mall magnate Matthew Bucksbaum and his wife Carolyn “Kay” Bucksbaum, influential collectors and philanthropists who met on a blind date in 1952. Alongside works by Salvador Dalí, Jean Dubuffet, Paul Klee, and Joan Miró, the evening sale netted more than $25 million, with remaining pieces appearing in subsequent day sales.

sothebys matthew carolyn bucksbaum magritte jean dubuffett

Sotheby's will sell ten works from the Matthew and Carolyn Bucksbaum collection in its fall auctions, with six pieces by René Magritte, Jean Dubuffet, Salvador Dalí, Joan Miró, and Paul Klee featured in the Modern Evening auction on November 20. The group of six works carries a total estimate of $18 million to $24 million, led by Magritte's *Le Jockey perdu* (1942) at $9–12 million and Dubuffet's *Restaurant Rougeot II* (1961) at $6–8 million. Sotheby's executives Julian Dawes and Grégoire Billault emphasized the rarity and importance of these works, noting that the Magritte is the only oil version of its subject and the Dubuffet is one of just three paintings of the iconic Paris restaurant.

sothebys to open its new breuer building hq on november 8 with blockbuster exhibition

Sotheby's has announced November 8 as the opening date for its new headquarters in the iconic Breuer Building at 945 Madison Avenue, New York. The auction house purchased the building from the Whitney Museum in 2023 and commissioned Pritzker Prize-winning architects Herzog & de Meuron, along with PBDW Architects, to renovate the landmarked structure. The opening will feature a blockbuster exhibition of modern and contemporary art, followed by major sales the week of November 17. The building, designed by Marcel Breuer and completed in 1966, previously housed the Whitney Museum, the Metropolitan Museum of Art, and the Frick Collection.

Sotheby’s Unveils Plans for Breuer Building, Announces Opening Date

Sotheby's will open its new global headquarters in the Marcel Breuer–designed building at 945 Madison Avenue on November 8, 2025, after a renovation by Herzog & de Meuron with local partner PBDW Architects. The Brutalist landmark, originally completed in 1966 for the Whitney Museum of American Art, later housed the Met Breuer and the Frick Collection during its renovation. The project restores Breuer's original open gallery floors, adds state-of-the-art lighting and climate control, and preserves period details like the lobby's domed ceiling lights. The opening will feature a free public exhibition of Modern and Contemporary art ahead of marquee auctions starting November 17, with design sales and Luxury Week following on December 5, and a fine-dining restaurant by Roman and Williams opening later in the winter.

Lehmann Maupin takes permanent space in Mayfair’s No. 9 Cork Street

Lehmann Maupin has secured a permanent space on the first floor of No. 9 Cork Street in London's Mayfair, the gallery hub operated by Frieze. The gallery will hold three to four exhibitions annually in the ground-floor gallery, starting with a show of British painter Freya Douglas-Morris on February 26, priced between £40,000 and £60,000. The upstairs viewing space opened with Billy Childish and will feature Catherine Opie later this year. The gallery also plans to develop its secondary market business from this London base.

This month’s New York auctions could bring up to $2.3bn

New York's leading auction houses, including Sotheby's and Christie's, expect to generate between $1.7bn and $2.3bn during their November sales, driven by major consignments such as 55 works from the estate of Leonard Lauder and 37 works from the collection of Jay and Cindy Pritzker. Sotheby's, which has moved its headquarters into the former Whitney Museum's Breuer Building, leads the season with estimated sales of $863m to $1.175bn, featuring Gustav Klimt's Portrait of Elisabeth Lederer (estimated at $150m) and Frida Kahlo's El Sueño (La Cama) (estimated at $40m-$60m).

13 modern chair designs that remain utterly timeless

A recent Christie's online auction, 'Modern Collector: Design and Tiffany,' featured a range of iconic 20th-century chair designs that achieved significant sale prices. Highlights included Gaetano Pesce's 'Nobody's Perfect' series chair selling for $6,350, Hans J. Wegner's 'Valet' Chair for $8,255, and a set of four Ludwig Mies van der Rohe MR10 chairs for $5,334.

Mark Rothko’s Historic Painting Sold at Auction for $8.5 Million -

Mark Rothko’s 1949 painting 'No. 10' sold for $8.5 million at Sotheby’s Modern and Contemporary Evening Auction in Hong Kong, establishing a new auction record for the artist’s 'Multiforms' series. The sale was part of a high-profile event that also saw Joan Mitchell’s 'La Grande Vallée VI' become the most expensive work by a female artist ever sold at auction in Asia.

The New Sotheby's Flagship Sets An Opening Date

Sotheby's has announced that its new flagship auction house and gallery space, located in the iconic Breuer Building on Madison Avenue, will open on November 8. The building, designed by Marcel Breuer in 1966, originally housed the Whitney Museum of American Art and later served as temporary home for The Frick Collection and the Metropolitan Museum of Art. The opening exhibition will feature works for Sotheby's marquee modern and contemporary art auctions, followed by pieces for Luxury Week in December. The building also includes a new restaurant from the team behind La Mercerie, and the galleries will be free and open to the public.