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The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

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Ripley’s Believe It or Not! has been revealed as the buyer of Maurizio Cattelan’s 18-karat gold toilet sculpture “America” (2016), which sold for $12.1 million at Sotheby’s “Now & Contemporary” auction on November 18, 2025. The work, consigned by billionaire collector and Mets owner Steve Cohen, hammered at $10 million after a single bid, just above the value of its raw gold. Sotheby’s had previously only identified the buyer as a “Famous American Brand.” Ripley’s announced the acquisition on Instagram, calling it the most valuable object in its collection and noting plans for public display, possibly allowing visitors to sit on the fully functional toilet.

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Maurizio Cattelan's 18-karat gold toilet, titled *America* (2016), sold for $12.1 million at Sotheby's “The Now & Contemporary” sale on Tuesday evening, falling short of the artist's auction record. The work, owned by New York Mets owner Steve Cohen, hammered at $10 million—just above the value of its gold content—after a single bid. It was installed in a bathroom at Sotheby's Breuer Building for viewing but not use. The consignor was revealed to be Cohen, who acquired the piece from Marian Goodman Gallery in 2017. The sale accepted cryptocurrency, and the work did not carry a guarantee.

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Top 200 Collector Steven A. Cohen has been revealed as the consignor of Maurizio Cattelan's golden toilet sculpture, *America* (2016), which will be auctioned at Sotheby's on November 18. The work, made of 18-karat gold and weighing over 100 kilograms, was purchased from Marian Goodman Gallery in 2017. It will be displayed in a bathroom at Sotheby's Breuer Building before the sale, with a starting bid expected around $10 million based on the price of its weight in gold. The piece has a notable history: one version was exhibited at the Guggenheim Museum, offered to the Trump White House as a loan alternative to a van Gogh painting, and another was stolen from Blenheim Palace in 2019, making Cohen's the only extant version.

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Billionaire financier and collector Steven Cohen has been revealed as the owner of one of Maurizio Cattelan's golden toilet sculptures, *America* (2016), which he purchased from Marian Goodman Gallery in 2017. Sotheby's will auction the 18-karat gold work on November 18 with an opening bid of about $10 million. Separately, Sotheby's Paris achieved €18.6 million ($21.5 million) from the collection of late real estate mogul Manny Davidson across two sales, the highest total for a single-owner sale in France this year. In other news, Gladstone Gallery now represents the estate of Robert Colescott, and the Philadelphia Museum of Art is planning a major Vincent van Gogh exhibition titled "Van Gogh's Sunflowers: A Symphony in Blue and Yellow" for 2026.

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Artnet News reports that David Hockney's 1968 double portrait *Christopher Isherwood and Don Bachardy* sold for $44.3 million at Christie's on November 17, becoming the artist's third-most expensive work at auction. The painting had previously failed to sell at Sotheby's in 1985, bought in at $570,000. Artnet's reporting revealed that the Christie's catalogue omitted the name of Andrew Crispo, a once-prominent New York dealer, from the painting's provenance. The article details Crispo's meteoric rise from a troubled youth in Philadelphia to a savvy art dealer who championed American Modernism, his important clients including Baron Hans Heinrich Thyssen-Bornemisza, and his dramatic fall due to tax fraud, a prison sentence, and the IRS seizure of his inventory.

christies takes 690 m at fall curtain raiser art basel hong kong announces 2026 details and more morning links for november 18 2025 1234762067

Christie’s opened New York’s fall marquee auctions with a $690 million evening sale across 79 lots, surpassing the pre-sale low estimate of $534.7 million. The doubleheader included the Robert and Patricia Ross Weis collection, featuring works by Picasso, Matisse, Mondrian, and Rothko, followed by a 20th-century sale. The auction achieved a 97% sell-through rate by value and a 96% by lot, marking a 41% increase from May’s auctions. Separately, Sperone Westwater gallery announced it will close after 50 years, and Art Basel Hong Kong revealed details for its 2026 edition featuring 240 galleries.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

Japan's Art Market Growth and Asian Art News

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Japan’s art market demonstrated remarkable resilience in 2024, growing by 2% to reach $692 million despite a 12% contraction in the global art market. A government-commissioned report by economist Clare McAndrew revealed that the Japanese market is characterized by high-volume, lower-value transactions, with 93% of sales occurring at price points under $10,000 and dealers accounting for the vast majority of trade.

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Billionaire hedge fund founder Kenneth C. Griffin has been revealed as the buyer of President Abraham Lincoln's handwritten copy of the 13th Amendment, which sold at Sotheby's for $13.7 million including buyer's premium. The document, one of only four privately held copies, was part of Sotheby's "Fine Books and Manuscripts, Including Americana" sale. Griffin also acquired a signed copy of the Emancipation Proclamation for $4.4 million. The auction house announced the winner on Monday, noting that Griffin secured the amendment by phone after competitive bidding.

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Billionaire hedge funder and art collector Kenneth Griffin revealed he was the buyer of record-breaking copies of the Emancipation Proclamation and the Thirteenth Amendment, both signed by President Abraham Lincoln, at a Sotheby's New York auction. The Thirteenth Amendment sold for $13.7 million, more than five times the previous record, while the Emancipation Proclamation fetched $4.4 million. Griffin, founder of Citadel, is an avid collector of rare historical documents and high-value art, having previously purchased a copy of the U.S. Constitution for $43.2 million and major works by artists like Willem de Kooning, Jackson Pollock, and Jean-Michel Basquiat.

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The Studio Museum in Harlem revealed its new building to the press ahead of its public reopening on November 15, showcasing a major new acquisition: Jean-Michel Basquiat's 1984 painting *Bayou*, the first Basquiat painting to enter the museum's collection. The work was gifted in 2023 by financier Joseph Perella and his wife Amy, with Joseph having mentored Raymond J. McGuire, an ARTnews Top 200 Collector and the museum's board chair.

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Qatar has revealed that it is the owner of Gustave Courbet's famed self-portrait *Le Désespéré* (The Desperate Man, 1843–45), which has gone on view at the Musée d'Orsay in Paris for the first time in 17 years. The painting, previously listed as being on loan from an unknown private collector, was acquired by Qatar Museums, a state body that oversees the nation's art scene. Sheikha Al-Mayassa bint Hamad bin Khalifa Al Thani, head of Qatar Museums, acknowledged the ownership during a tribute at the Musée d'Orsay, noting that the work will be on long-term loan there for five years before moving to the future Art Mill Museum in Doha, set to open in 2030.

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Mega-collector Ken Griffin revealed in a July interview with Stanford Business School Insights that his favorite artwork is Jackson Pollock's 'Blue Poles' (Number 11, 1952), currently owned by the National Gallery of Australia in Canberra. Griffin admitted he once offered the museum several hundred million dollars to buy the painting, but the Australians refused to sell. The interview, which went largely unnoticed by the art press, also features a playful exchange with the Australian interviewer, Michael Liu, who gloats that the painting remains in his home country.

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Adam Lindemann, a collector-turned-dealer, announced he will close Venus Over Manhattan, the New York gallery he founded 14 years ago. The gallery's final exhibition, a solo show for painter Susumu Kamijo, will run until July 18. Lindemann revealed the decision in an opinion piece for Artnet News, citing the challenges of straddling the roles of collector and dealer, as well as the politics of art fairs. He plans to return to collecting full-time.

The Venice Biennale has long been a sales platform—now no one is pretending otherwise

The Venice Biennale, traditionally a government-subsidized non-commercial institution where sales were downplayed, is experiencing an unprecedented open embrace of commerce. For the first time, Christie's is hosting an invitation-only selling exhibition in Venice, offering works ranging from Old Masters like Lucas Cranach to Modern and contemporary giants such as Andy Warhol, Louise Bourgeois, and Mark Bradford, with prices from $500,000 to over $35 million. Dealers, auction houses, and private foundations are openly pricing and selling works to collectors, spurred partly by Italy's reduced 5% VAT rate on art imports, now Europe's lowest.

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A rediscovered oil painting by J.M.W. Turner, titled *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, sold for £1.9 million ($2.6 million) at Sotheby’s Old Masters and 19th Century Paintings evening auction in London—more than six times its high estimate. The work, painted in 1792 when Turner was 17, had been misattributed and sold for just $506 at a Dreweatts auction the previous year. After cleaning revealed Turner’s signature, scholars confirmed its authenticity, and it was identified as Turner’s first publicly exhibited oil painting, exhibited at the Royal Academy in 1793. The winning bidder was a private collector in the U.K., outbidding Bristol Museum and Art Gallery, which had raised over £100,000 from donors in a failed attempt to acquire the work.

Revealed: Picasso’s granddaughter owned a Van Gogh—which she sold at Sotheby’s

Marina Picasso, granddaughter of Pablo Picasso, owned a Vincent van Gogh watercolor titled *Woman in a Wood* (September-October 1882), which she sold at Sotheby’s in New York on May 13 for $952,500. The work, which also features a sketch of a fishing boat on its reverse, was purchased by Marina in 1987 through Swiss dealer Jan Krugier from a Tehran-based collector. The sale was not publicly known until just before the auction. The article also notes that a separate Van Gogh oil painting, *In the Dunes* (September 1883), sold at Christie’s the previous day for $4 million from the collection of US businessman Jeffrey P. Draime.

Revealed: how Van Gogh's nephew exchanged two of the artist's drawings for butter and bacon

In early 1945, during the Dutch 'Hunger Winter' at the end of World War II, Vincent van Gogh's nephew, Vincent Willem van Gogh, exchanged two of the artist's drawings for 35 packets of butter and some bacon. The swap was arranged with the help of artist Charley Toorop and involved the cheese business Visser Kaas in Heiloo. One of the drawings, *Head of a Peasant Woman, left profile* (December 1884–May 1885), is now being offered at Sotheby's on 25 June with an estimate of £400,000–£600,000, suggesting the pair would be worth around £1 million today. The nephew's family was suffering from starvation and tragedy, including the execution of his eldest son by German forces.

A Rosso for the Metropolitan

Un Rosso pour le Metropolitan

The Metropolitan Museum of Art in New York has acquired a painting by Rosso Fiorentino, a master of Italian and French Mannerism, after restoration revealed an earlier overpaint that had obscured the composition. The work, a Virgin and Child, now shows Saint John the Evangelist in the foreground at right, confirming it as an original by the artist.

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Hong Kong's inaugural Art Business Conference brought together government officials, legal experts, and financiers to examine the city's strategic advantages as an art trading hub. Key takeaways included the need to maintain cultural exchange as a national strategy under China's 14th Five-Year Plan, with the West Kowloon Cultural District receiving over $6.5 billion in government funding. The Art Basel and UBS Survey of Global Collecting 2025, authored by Clare McAndrew, revealed that ultra-wealthy collectors are now allocating up to 20 percent of their wealth to art, up from 15 percent in 2024, as an estimated $83 trillion in intergenerational wealth transforms art trading into a sophisticated professional network.

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Kiran Nadar, a prominent Indian collector, revealed she purchased M.F. Husain's 1954 painting *Untitled (Gram Yatra)* for $13.8 million at Christie's New York, making it the most expensive work of Indian modern art ever sold at auction. The painting, estimated at $2.5–3.5 million, was originally owned by Norwegian surgeon Leon Elias Volodarsky and later donated to Oslo University Hospital, which consigned it after a 13-year deaccessioning process.

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Billionaire collector Ronald Perelman's $410 million insurance trial has finally begun after seven years of litigation, over 1,500 court filings, and a 2018 fire at his East Hampton estate. The dispute centers on five paintings by Cy Twombly, Ed Ruscha, and Andy Warhol that survived the fire but were exposed to smoke and sprinklers. Perelman claims the works lost their market appeal—their "oomph"—while insurers at Lloyd's of London dispute any detectable damage and allege Perelman quietly tried to sell some of the pieces. The trial has also revealed that Perelman sold over 70 works from his collection after a margin call from Deutsche Bank, with some contested paintings used as collateral.

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One of J.M.W. Turner's earliest oil paintings, *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol*, painted when he was 17, will be auctioned at Sotheby's London with an estimate of £200,000–£300,000. The work had been misattributed for decades and sold last year at Dreweatts for just £600–£800 as a work by a follower of Julius Caesar Ibbetson, before cleaning revealed Turner's signature. The painting was originally exhibited at the Royal Academy in 1793 and had not been publicly displayed for 167 years.

Wildenstein dispute over Monet work highlights art market opacity

A long-running dispute involving the Wildenstein art dynasty has resurfaced over a 2004 transaction for Claude Monet's *Adolphe Monet Reading in a Garden* (1867). The painting was acquired by Guy Wildenstein through a €4.5m deal that included works by Pierre Bonnard and Alfred Sisley, among them Monet's *Marine, Amsterdam* (1874). That work was later resold via Christie's, but a 2020 sale attempt revealed that the original canvas had been lost during a transfer process, significantly reducing its value. Court-appointed specialists concluded in 2024 that the alteration predated the transaction and that the gallery likely knew of the damage. The sellers have filed a claim alleging "vitiated consent" under French law, with a court date set for 7 May in Rouen. The disputed Monet now reportedly belongs to billionaire Larry Ellison.

Pete Davidson’s Pop-Filled Art Collection Revealed in Westchester Home Listing

Actor and comedian Pete Davidson has listed his Westchester County home for $2.2 million, revealing a vibrant art collection rooted in pop culture and nostalgia. The 2,300-square-foot residence features a diverse array of works ranging from Peter Max prints and Al Hirschfeld caricatures to contemporary design pieces like the Gufram x Paul Smith 'Sunset Cactus.' The interior reflects Davidson's 'man cave' aesthetic, blending high-end collectibles with whimsical references to television, film, and his native Staten Island.

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Sotheby's will hold its second auction in Saudi Arabia on January 31, 2026, following a successful inaugural sale in Diriyah in February 2024 that netted $17.3 million. The upcoming sale, titled "Origins," features over 70 works by established Saudi Arabian and Middle Eastern artists alongside international names, with top lots including a Pablo Picasso painting estimated at $2–3 million and works by Jean Dubuffet, Roy Lichtenstein, and Andy Warhol. The auction aims to build on lessons from the first sale, which revealed strong demand across price points and generational diversity among buyers.

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The Panama Papers leak has revealed that the 1997 sale of the Victor and Sally Ganz collection at Christie's New York was secretly orchestrated by billionaire currency trader Joseph Lewis. Lewis had already purchased the top works from the collection through a Christie's subsidiary, Spink & Son, months before the auction, and structured a guarantee that shared profits above $168 million. The sale, which set a private collection auction record at $206 million, included Pablo Picasso's "Women of Algiers (version O)" fetching $31.9 million. The documents also confirm that a Modigliani painting involved in a Nazi restitution case belongs to the Nahmad family.

Lionel Messi names his favourite ever goal

Lionel Messi has revealed his favorite goal from his 860 career scores—a 2009 UEFA Champions League final goal for Barcelona against Manchester United—as part of a collaboration with media artist Refik Anadol. Anadol will transform the goal into an AI-powered data sculpture, which will be auctioned online at Christie's New York from June 11 to July 25, with proceeds supporting educational charities in Latin America and the Caribbean through the Inter Miami CF Foundation and Unicef.

Full extent of Stephen Friedman Gallery's £7.8m debt revealed in filings

Administrators' filings for Stephen Friedman Gallery reveal a total debt of £7.8 million following its closure in February. Three prominent artists—Alexandre Diop, Deborah Roberts, and Kehinde Wiley—are among the unsecured creditors owed a combined £795,000, expected to recover only eight to nine pence per pound. The largest secured creditor is Coutts & Company, owed £3.1 million, followed by Pentland Group with £1.4 million outstanding. The gallery also owes £505,113 to the Pollen Estate for its Cork Street lease, £550,000 to HMRC, and significant sums to shipping and storage firms, including Crozier (£256,470) and Gander & White (£86,772). Art fairs Frieze and Art Basel Qatar are owed £71,227 and £18,763 respectively.