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Christie’s $1.1 Billion Night Signals a Stunning Rebound for the Art Market

Christie’s achieved $1.1 billion in sales during a single evening auction on Monday, marking a dramatic rebound from the previous year when the three major New York auction houses combined sold that amount over the entire May season. The sale featured trophy works from the collections of S.I. Newhouse and Agnes Gund, with Jackson Pollock’s *Number 7A (1948)* selling for $181.2 million and Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* fetching $98.4 million. Despite the strong overall results, seven of the 16 works in the Newhouse sale hammered below their low estimates, and Constantin Brancusi’s *Danaïde* failed to reach its $100 million estimate, indicating price resistance even for top-tier art.

Mark Rothko Painting Agnes Gund Hung in Her Living Room Sells for $98 M., Setting a Record

A Mark Rothko painting, *No. 15 (Two Greens and Red Stripe)* (1964), formerly owned by prominent art patron and Museum of Modern Art president emerita Agnes Gund, sold at Christie’s on Monday night for $98.4 million (including fees). The work, which Gund purchased directly from Rothko in 1967 and kept in her living room until her death last September, received about a dozen bids before hammering at $85 million to a buyer represented by Christie’s specialist Rachael White Young. The sale broke Rothko’s previous auction record of $86.9 million set in 2012 for *Orange, Red, Yellow* (1961), also at Christie’s New York.

The 16 Most Expensive Artworks Ever Sold at Auction

ARTnews published an updated list of the 16 most expensive artworks ever sold at auction, highlighting recent record-breaking sales such as Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16), which fetched over $236.4 million at Sotheby's, and Jackson Pollock's *Number 7A, 1948*, which sold for well above its $100 million estimate at Christie's in May 2026 from the S. I. Newhouse collection. The article traces the history of top auction prices, including Vincent van Gogh's *Orchard with Cypresses* (1888), which sold for $117 million during the Paul Allen sale at Christie's in November 2022, part of a record $1.5 billion single-evening auction.

The shifting market for luxury: can legacy brands navigate new trends and buyers?

Bénédicte Épinay, president and CEO of Comité Colbert, is organizing 'Hidden Treasures,' an exhibition of French luxury brands at The Shed in New York in late May 2025, timed after Frieze art fair and auction week. The show features 96 French luxury brands, 17 cultural institutions, and six European luxury brands, including Musée du Louvre, Balenciaga, Louis Vuitton, and Cartier. The initiative is part of a broader cultural diplomacy strategy, following a similar exhibition in Shanghai in 2024 that helped reduce tariffs on cognac. The article also notes shifting luxury market dynamics, with strong US sales growth projected at 8% in 2026, while Europe remains stagnant, and emerging markets like India show new wealthy buyers driving auction house growth.

S.I. Newhouse’s 11-Foot-Wide Jackson Pollock Drip Painting Sells for Record-Breaking $181.2 M.

A Jackson Pollock drip painting, *Number 7A* (1948), formerly owned by media magnate S. I. Newhouse, sold at Christie’s on Monday night for a hammer price of $157 million, totaling $181.2 million with fees. The work, measuring nearly 11 feet wide, received over 60 bids in a 10-minute bidding war and set a new auction record for the Abstract Expressionist artist, surpassing the previous high of $61 million set in 2021. The winning bid was placed by a buyer represented by Christie’s global president Alex Rotter, with Swiss mega-dealer Iwan Wirth acting as an underbidder, possibly for collector Laurene Powell Jobs.

Landmark Works Lead Cowley Abbott’s Sale of Indigenous and International Art

Cowley Abbott is staging its major spring sale, 'Select Masterworks of Indigenous and International Art,' at the Globe and Mail Centre in Toronto on May 27. The auction features a diverse range of works, including Pierre-Auguste Renoir's 'Paysage du Midi' (ca. 1900), Vincent van Gogh's 'Homme à la Pipe: Portrait du Docteur Gachet' (1890), Philip Russell Goodwin's 'Camping – Canadian Club' (1916), Emily Carr's 'Wind' (1936), and Lawren Stewart Harris's 'Above Coldwell Bay, North Shore, Lake Superior (Lake Superior Sketch XV)' (1925), with estimates ranging from CA$150,000 to CA$700,000.

Queer art, bowler hats and an Annie Hall script: inside Diane Keaton’s archive as treasures go on sale

Diane Keaton is auctioning a vast archive of personal effects through Bonhams, including a massive collage she created over decades, clothing, scripts, and art. The sales, titled "Diane Keaton: The Architecture of an Icon," span multiple categories—from her menswear-inspired wardrobe to her photographic works and home design objects. Highlights include her original Annie Hall script, a sequined Gucci suit, and works by artists like David Wojnarowicz. The auction will be held live in New York City on 8 June, with previews in West Hollywood.

New York Is About to Sell $3 Billion in Art. Who’s Buying?

Vanity Fair's Nate Freeman reports on New York's spring art season, where auction houses are poised to sell at least $2.6 billion in art alongside major museum exhibitions (Raphael at the Met, Duchamp at MoMA, Matisse at Acquavella) and the opening of Frieze New York at The Shed. The article follows the social and commercial frenzy, highlighting a David Shrigley gong installation at Anton Kern Gallery's booth and the enduring dominance of New York, where nearly 90% of U.S. art sales occur.

Sotheby’s $304M Modern Evening Auction Confirms the Market Has Found Its Footing

Sotheby's Modern Evening Auction on May 19 achieved $304 million with a 98% sell-through rate across 45 lots, more than doubling the total from the equivalent sale in November. The auction was anchored by fresh-to-market masterpieces, including Henri Matisse's "La Chaise Lorraine" from the Barbier-Müller collection, which sold for $48.4 million—the second-highest price for a Matisse painting at auction. Other highlights included works from the Enrico Donati collection, which generated a combined $58.9 million, and Pablo Picasso's "Arlequin (Buste)" (1909) selling for $42.6 million. The sale contributed to a running combined total of $839.6 million for Sotheby's marquee sales, following strong results from the Mnuchin collection and Contemporary Day Auction.

Sotheby’s Hauls In $304 Million at Modern Art Auction, as Market Momentum Continues

Sotheby’s achieved $303.9 million in its modern art auction in New York, led by Henri Matisse’s *La Chaise Lorraine* (circa 1919) at $48.4 million and Pablo Picasso’s *Arlequin (Buste)* at $42.6 million. The sale included an auction record for a painted bottle, René Magritte’s *Femme-bouteille* (1955), which sold for $974,000. The auction featured conservatively priced material from smaller estates, with a 97.6% sell-through rate and a 63% increase over a similar sale last year.

Cindy and Howard Rachofsky’s Dallas Home Could Be Yours at a Discount, for $17.5 M.

Cindy and Howard Rachofsky, prominent art collectors and mainstays on the ARTnews Top 200 Collectors list, have reduced the asking price of their Dallas home, the Richard Meier–designed Rachofsky House, from $23 million to $17.5 million. The property, completed in 1996 and located in the affluent Preston Hollow neighborhood, has been on the market since October 2024. The Rachofskys, whose collection includes over 800 works, previously hosted the Two x Two gala in support of AIDS- and art-focused initiatives in Dallas, but stopped hosting the event in 2024.

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.

Carole A. Feuerman | Miniature Serena (with Blue-Green Tube) (2021) | For Sale

Carole A. Feuerman's sculpture "Miniature Serena (with Blue-Green Tube)" (2021) is being offered for sale. The work is an oil on resin piece with 24K gold leaf cap, table-top scale, measuring 10 x 17 x 8 inches, from a variant of 10. Feuerman, born in 1945, is an American sculptor and author credited with co-founding the Hyperrealist movement in the late 1970s, known for figurative works of swimmers and dancers. Her public sculptures have been displayed globally, including at Central Park, the National Portrait Gallery of the Smithsonian Institution, the Venice Biennale, and the State Hermitage Museum. She has received multiple awards, including the Medici Award, and her works are in the permanent collections of 31 museums and owned by notable figures such as Steven A. Cohen, former President Bill Clinton, and Dr. Henry Kissinger.

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.

Tutto venduto e il doppio del ricavo rispetto all’anno scorso. A New York fa boom anche l’asta di Phillips

Phillips held its Modern & Contemporary Art Evening Sale in New York on May 19, 2026, achieving a complete sell-out with a total of $115.2 million. All 41 lots were sold, doubling the result from May 2025 ($52 million). Top lots included Andy Warhol's *Sixteen Jackies* ($16.2 million), Claude Monet's *La Route de Vétheuil, effet de neige* ($9.9 million), and Jackson Pollock's *Untitled* (1948) ($9.2 million). New auction records were set for Lee Bontecou, Pat Passlof, P.S. Krøyer, and Joseph Yaeger, while works by Salman Toor and Cecily Brown also sold above estimates.

World record for Carla Accardi in Contemporary Art auction at Dorothem's

Dorotheum's Contemporary Art auction in Vienna on May 20, 2026, set a new world record for Italian artist Carla Accardi, whose work *Fonda notte - Pieno giorno* (1986) sold for €520,000 to a telephone bidder. The sale also saw strong results for Martha Jungwirth (€429,000), Miriam Cahn (€195,000), and top lots including Thomas Schütte's *Vater Staat* (€520,000) and works by Mikuláš Medek (up to €546,000). International participation was robust, with particular demand for female artists and Central European figures.

Winfred Gaul | May (1969) | For Sale

A screenprint titled "May (1969)" by German Abstract artist Winfred Gaul is being offered for sale through RoGallery Auctions on Artsy. The work, edition 6/100, was originally featured as the image for May in the 1969 Domberger calendar, which included screenprints by 12 prominent artists. The print is signed and numbered in pencil, with an estimated value of $600–$900 and a starting bid of $250. The listing includes a biography of Gaul, noting his studies at the University of Cologne and the Academy of Fine Arts in Stuttgart, his first solo exhibition in 1956 at Gurlitt Gallery in Munich, and his participation in Documenta 2 in 1959. His work is held in major museum collections including MoMA, the National Gallery of Art, and the Art Institute of Chicago.

La grande artista Carla Accardi e l’arte italiana sono da record nell’asta da Dorotheum a Vienna

Dorotheum opened its Contemporary Week in Vienna on May 19, 2026, with modern and contemporary art sales that achieved strong results, particularly for Italian artists. Carla Accardi set a new auction record when her 1986 triptych *Fonda Notte Pieno Giorno* sold for €520,000, while works by Piero Dorazio, Emilio Vedova, Marino Marini, and Gino Severini also far exceeded their estimates. Top lots included Claude Monet’s *Waterloo Bridge* (€611,000) and Mikuláš Medek’s *Too Deep a Sleep V* (€546,000).

Korean modern masters lead K Auction’s May sale

K Auction will hold its May sale on May 27 at its headquarters in Sinsa-dong, Seoul, offering 83 works by Korean modern and contemporary masters with a combined estimated value of around 10.4 billion won. Highlights include Suh Do-ho's large-scale installation "Cause & Effect" (estimated 280 million to 600 million won), Kim Whan-ki's untitled 1969 painting from his New York period (estimated 780 million to 1.5 billion won), and Yoo Young-kuk's abstract landscape "Mountain" from 1988 (estimated 400 million to 800 million won). The sale also features works by Dansaekhwa artists Yun Hyong-keun, Park Seo-bo, and Lee Ufan, alongside contemporary artists Angel Otero, Anna Park, and Woo Kuk-won.

What Does the Future Hold for Female Collectors? We Got a Sneak Peek.

CULTURED Editor-in-Chief Sarah Harrelson hosted a panel discussion at Christie’s Rockefeller Center with collectors Tiffany Zabludowicz, Sophia Cohen, and Victoria Rogers, exploring the evolving role of women in the art market. The event coincided with Christie’s Marquee Week sales, which included a record-breaking $1.1 billion night, and featured works from the collections of legendary female patrons such as Agnes Gund, Marian Goodman, Lorinda de Roulet, and Marilyn Arison. Guests viewed masterpieces on display and received remarks from Christie’s Senior Vice President Isabella Lauria, who is leading the 21st Century Sale on May 20.

Art gallery owner pursues expansion of historic Museum Mile building

Salon 94 founder Jeanne Greenberg Rohatyn is pursuing an expansion of a historic building on Museum Mile at 3 East 89th Street in Manhattan. The project aims to enlarge the gallery's footprint on the Upper East Side, a move reported by Crain's New York Business.

Vahe Yeremyan | Layers of Time (2026) | For Sale

The article lists a work titled "Layers of Time (2026)" by artist Vahe Yeremyan as available for sale on the online art marketplace Artsy. No further details about the artwork, price, or context are provided in the brief listing.

How an unsuspecting couple found £11,000 worth of cat paintings in a skip

An unsuspecting couple in their sixties from Pembrokeshire, South Wales, discovered two paintings by 19th-century cat artist Louis Wain in a skip while walking their dog. The works—'Blue Cat Among the Flowers' (estimated at £5,000) and 'Psychedelic Cats' (a double-sided piece valued at £6,000)—were initially considered as a gift for their cat-loving daughter-in-law. The paintings are now being auctioned by Rogers Jones Auctioneers & Co as part of the British and European Fine Art Sale in Cardiff on May 21.

Tatiana Malinovscaia | 130x100cm-Blue Distance in Quiet Light (2026) | For Sale

Tatiana Malinovscaia's painting "Blue Distance in Quiet Light" (2026) is being offered for sale by Artseeker Gallery. The 100x130 cm acrylic on canvas work features a restrained abstract composition with muted blues, ivories, beiges, and charcoals, built through layered textures and tonal contrasts. Malinovscaia, a self-taught Moldovan artist, explores the interplay between architectural clarity and atmospheric abstraction, with light acting as a central structural element that reveals nuanced variations across the textured surface throughout the day.