Frieze New York Kicks Off with Seven-Figure Sales and High Energy: ‘It’s a Fiesta’

Frieze New York kicked off its preview day at the Shed in Manhattan with strong sales and high energy, as many attendees arrived fresh from the Venice Biennale. Galleries reported brisk presales and early placements, with White Cube selling major works by El Anatsui and Antony Gormley for seven-figure sums, and other dealers like James Cohan Gallery nearly selling out their booths. Collectors, advisors, and celebrities including Anderson Cooper, Michael Stipe, and Leonardo DiCaprio were spotted, while the Brooklyn Museum made acquisitions through the new Sherman Family Foundation Acquisition Fund.

frieze los angeles art world grief hope

The Los Angeles art scene is navigating a complex recovery as it prepares for Frieze Los Angeles 2026. The city is grappling with the lingering trauma of devastating wildfires that destroyed significant private collections, alongside economic instability caused by massive layoffs in the entertainment industry and recent political unrest. This combination of environmental and financial crises has led to a notable market downturn, resulting in the closure of several high-profile galleries including Blum, Tanya Bonakdar, and Sean Kelly.

At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

art basel qatar opening report

Art Basel Qatar has launched its inaugural edition in Doha, marking a significant expansion of the Swiss fair brand into the Middle East. The event features 87 exhibitors in a unique, booth-less format spread across the M7 and Doha Design District, departing from traditional trade fair aesthetics in favor of a curated, biennial-style presentation. While the opening VIP day saw strong attendance from regional collectors and major international galleries like Hauser & Wirth, the atmosphere was tempered by light initial sales and significant regional geopolitical tensions.

dealers abuzz frieze los angeles vip day frenzy

The VIP opening of Frieze Los Angeles at Santa Monica Airport saw a surge of high-value transactions and heavy foot traffic from both local and international collectors. Major galleries reported multi-million dollar sales within the first few hours, including a $2.8 million work by Njideka Akunyili Crosby at David Zwirner and a sold-out booth of Conny Maier paintings at Hauser & Wirth. Dealers described the atmosphere as a "frenzy," noting that sales figures in some cases already tripled their performance at previous major fairs like Art Basel Miami Beach.

jeffrey deitch auction week

Art dealer Jeffrey Deitch shared his impressions of New York's $2.2 billion auction week, praising Sotheby's for its acquisition of the Breuer Building and the intimate atmosphere of its new salesroom. He highlighted the $527 million sale of Leonard A. Lauder's collection, the presence of major figures like Patrick Drahi, Larry Gagosian, and the Mugrabi clan, and lauded auctioneer Ollie Barker's skill. Deitch contrasted the experience with the old days of auction-going, noting the excitement and club-like feeling.

warhol bardot clemente bar

Artnet News' Wet Paint column reports on a special auction held at Clemente Bar in New York, where Fair Warning—an app founded by former Christie's executive Loic Gouzer—sold an Andy Warhol portrait of Brigitte Bardot for $14.5 million ($16.7 million with fees). The event, hosted by Gouzer and curator-advisor Lolita Cros, featured former Christie's auctioneer Jussi Pylkkänen and attracted a crowd of high-net-worth individuals, including Greek shipping magnate George Economou, dealer David Mugrabi, artist Tony Shafrazi, and other art-world figures. Bidding started at $7 million, and the winning bid came from an anonymous phone bidder.

asia pivot art news july

Art Collaboration Kyoto announced 72 exhibitors for its fifth edition, with 25 first-time participants. Patti Wong, former Sotheby's executive, launched New Perspectives Art Partners with Ed Dolman, Brett Gorvy, and others. Art Fair Tokyo's 20th edition saw sales of ¥2.86 billion, down 10% from last year. Lisa Horikawa and Mizuki Takahashi were appointed co-curators of Japan's pavilion at the Venice Biennale. The Sharjah Art Foundation named Angela Harutyunyan and Paula Nascimento curators of the 17th Sharjah Biennial. YDP, a new non-profit space in London, will open with a solo show by Duan Jianyu. At Sotheby's London, Yu Nishimura's painting sold for £292,100. Hong Kong collector Adrian Cheng resigned from New World Development's board.

christies edlis neeson sale 124 million

Christie's 21st-century evening sale in New York on Wednesday night achieved $123.6 million, just below its $126 million high estimate and 16% above last year's sale. The sale featured 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson, which brought in $49.2 million against a $30 million estimate. The top lot was Christopher Wool's "Untitled (RIOT)" (1990), selling for $19.8 million. New auction records were set for Firelei Báez ($1.1 million) and Olga de Amaral ($3.1 million). Only one of 45 lots failed to sell—a Cecily Brown painting estimated at $4–6 million. The sale was characterized by careful use of third-party guarantees and lowered reserves, with art advisor Aileen Agopian noting bidding was "deep and robust" despite a flat atmosphere.

art basel paris avant premiere vip sales report

Art Basel Paris launched a new ultra-exclusive invitation-only preview called Avant Première, held one day before the official VIP preview. The four-hour event on Tuesday afternoon saw strong sales, with Thaddaeus Ropac selling works including a 1953 Alberto Burri for €4.2 million and two George Baselitz pieces, while Hauser & Wirth sold Gerhard Richter's 1987 *Abstraktes Bild* for $23 million, the highest reported sale. The fair limited each gallery to six invites with plus-ones, resulting in an estimated 3,000 attendees compared to 6,000 for the regular First Choice preview, creating a more manageable and urgent atmosphere.

Art Basel’s Soft Opening Belies Strong, Swift Sales Across Tiers

Art Basel's 2025 edition opened with a soft atmosphere that belied strong and swift sales across all price tiers. Major galleries reported significant transactions: David Zwirner sold 68 works including a $9.5 million Ruth Asawa sculpture and a $6.8 million Gerhard Richter painting; Gladstone placed a $3.5 million Keith Haring piece; and Thaddaeus Ropac sold a €1.8 million Georg Baselitz and a $1.8 million James Rosenquist painting to a European institution. White Cube, Hauser & Wirth, and Tina Kim Gallery also reported robust sales, with works by artists such as Dana Schutz, Marlene Dumas, Yayoi Kusama, and Ha Chong-Hyun moving quickly. However, mid-tier galleries like Marianne Boesky Gallery noted more cautious, eye-driven buying rather than the frenzied chasing of past years.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

London Saw Few Auction Shakeups as Guarantees Steadied the Market

Christie’s marquee evening sales in London achieved a combined total of £197.5 million ($263.8 million), characterized by a steady, prearranged atmosphere rather than high-stakes drama. The auction house relied heavily on financial safety nets, with a 52 percent year-over-year increase in third-party guarantees ensuring the sale of 21 key lots. While the event featured a theatrical unveiling of a new rostrum designed by Sir Jony Ive, the actual bidding remained largely conservative and focused on blue-chip stability.

Sotheby’s Pulls In $303.9 M. in a Solid but Subdued Modern Evening Sale Led by $48 M. Matisse

Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.

Art Market Minute: Art Basel Hong Kong 2026 Analysis

art market minute mar 30

Art Basel Hong Kong 2026 served as a critical barometer for a shifting global art market, characterized by a move away from impulsive buying toward a more deliberate and cautious collector base. Industry experts observed that the traditional first-day frenzy has been replaced by extended decision-making timelines, as buyers navigate a complex landscape of rising logistical costs and regional economic shifts.

robert frank june leaf studio market

The longtime New York City residence and studio of legendary photographer Robert Frank and sculptor June Leaf has been listed for sale at $6.5 million. Located at 7 Bleecker Street in NoHo, the 209-year-old Federal-style townhouse served as the couple's creative base for over four decades, maintaining a raw, unfinished aesthetic that mirrored their artistic sensibilities. Despite its significant art-historical pedigree, the real estate listing omits the artists' names, instead marketing the property as a redevelopment opportunity with significant buildable square footage.

bonhams new hq 111 west 57th street

Bonhams has opened its new U.S. headquarters at 111 West 57th Street in New York, moving from its longtime Madison Avenue location into a 42,000-square-foot space within the restored Steinway Hall. The design features an 80-foot glass atrium, a grand staircase, and restored historic elements, aiming to create a transparent, cultural-center-like atmosphere rather than a traditional salesroom.

beijing china gallery weekend art season recap

Beijing concluded its inaugural "Beijing Art Season" from May 22 to June 1, comprising the long-running Gallery Weekend Beijing and two local art fairs, Beijing Dangdai and Art021 Beijing. The event took place shortly after a diplomatic breakthrough in U.S.–China tariff tensions, but amid China's economic slowdown, the atmosphere was subdued: the Visiting Sector for international galleries and the large-scale group show were scrapped, and satellite events were fewer. Despite this, collectors, curators, and institutional directors from Germany, the UK, Korea, and Japan attended, with some noting China's strategic importance due to its deep collector base. French billionaire Laurent Dassault reported better market sentiment in Beijing than in Europe, while Berlin galleries PSM and Galerie Thomas Schulte made their first appearances at Beijing Dangdai, collaborating with Hua International for a "Berlin Section." The fair grew from 32 galleries in 2018 to 87 this year, reflecting local collectors' appetite for international and experimental contemporary art.

rare m c escher works auction

A cache of M.C. Escher drawings and prints, created during his time in Italy and later, fetched a stunning total of $7.8 million at Christie’s on July 22, quadrupling its low presale estimate. The auction, titled 'The Art of Infinity,' featured 65 lots, with nearly every work on paper surpassing the previous record for an Escher work in the medium. The top lot, *Reptiles* (ca. 1943), sold for $529,200—five times its low estimate—while *Relativity* (ca. 1953) achieved $504,000, ten times its low estimate. The sale largely came from the collection of Robert Owen Lehman Jr., a documentary filmmaker and member of the Lehman banking family.

fine art auction sales 2025

Global fine-art auction sales reached $11.7 billion in 2025, marking a 13.3 percent increase over the previous year and the first market growth since 2021. While the first half of the year was hampered by inflation and geopolitical tensions, a surge in the second half—particularly during New York’s November marquee sales—pushed the market upward. This recovery was led by a renewed appetite for "trophy works," highlighted by the record-breaking $236.4 million sale of Gustav Klimt’s Portrait of Elisabeth Lederer at Sotheby’s.

christies unveils new rostrum designed jony ive apple former chief design office

Christie’s has unveiled a new auctioneer’s rostrum designed by Jony Ive and his design collective, LoveFrom. The sleek, oak-wood platform replaces the traditional design originally created by Thomas Chippendale in the 18th century, which had been the standard for the auction house for over 260 years. Crafted from French oak, the new rostrum features a contemporary rounded aesthetic and was engineered specifically to enhance the acoustic resonance of the auctioneer's gavel.

most expensive lots sold at auction in 2024

Artnet News analyzed the 10 most expensive lots sold at auction in 2024, drawing on the Artnet Price Database. The top lot was René Magritte's *L'Empire de Lumières* (1954), which sold for $121.2 million at Christie's New York in November, setting a new auction record for the artist and becoming the only work to break nine figures this year. Other notable sales included Ed Ruscha's *Standard Station, Ten-Cent Western Being Torn in Half* (1964) at $68.3 million, Claude Monet's *Nymphéas* (1914–17) at $65.5 million, and Jean-Michel Basquiat's *Untitled (ELMAR)* (1982) at $46.4 million. Seven of the top 10 lots sold in New York, with Hong Kong, London, and Vienna also represented.

jonathan carver moore profile fog art fair

Jonathan Carver Moore, founder of an eponymous gallery in San Francisco, is presenting a solo booth of new paintings by Cameroonian-born artist Sesse Elangwe at the FOG Design + Art Fair. The works, developed during a residency with the gallery, depict local Bay Area subjects against recognizable backdrops. Moore, who opened his gallery in 2023 after a career in nonprofit communications and criminal justice reform, emphasizes creating an inclusive, conversational atmosphere for art viewing and collecting.

Art Toronto gets sales boost from baseball World Series

Art Toronto, Canada's largest art fair, took place from October 23-26 at the Metro Toronto Convention Centre, coinciding with the first two games of the MLB World Series between the Toronto Blue Jays and the Los Angeles Dodgers at the adjacent Rogers Centre. Despite concerns that the baseball championship might divert attention and sales, the fair saw increased attendance and a boost in purchases in the C$50,000 to C$100,000 range, according to director Mia Nielsen. Gallerists reported a positive mood, with the National Gallery of Canada even acquiring a work from Central Art Garage. The synergy between the events energized the city, though it worsened Toronto's notorious traffic.

Buzz in New York’s art trade during Frieze week masks uncertainties

During New York's Frieze week, over a dozen art fairs opened in four days, creating a bustling atmosphere that masked underlying economic and political uncertainties. Dealers and advisers reported strong preview-day attendance and a palpable energy, with some noting that the crowded calendar and a recent US-UK trade deal helped buoy spirits. However, the art market has not returned to its 2022 peak, with auction estimates down $250 million from 2024 and high interest rates still deterring average collectors.

Felix Art Fair brings good vibes—and healthy sales

The Felix Art Fair returned to the Hollywood Roosevelt hotel in Los Angeles, maintaining its reputation for a relaxed, community-focused atmosphere. Gallerists utilized the hotel's cabana suites and upper floors to showcase a diverse range of works, with a notable emphasis on artists blending craft, design, and fine art. The fair's unique hotel-based model continues to attract both returning participants and twenty first-time exhibitors who appreciate the lower overhead costs compared to larger fairs like Frieze.

Post-Fair delivers by keeping it simple

Post-Fair concluded its second edition in Los Angeles, featuring a curated selection of 31 galleries including PPOW, White Columns, and Tomio Koyama Gallery. Held in a former post office, the event maintained an open floor plan and a relaxed atmosphere that attracted high-profile attendees like artist Paul McCarthy and collectors Beth Rudin DeWoody and Maja Hoffmann. Sales were reported across various price points, with Ehrlich Steinberg selling half of its presentation of Joel Otterson’s sculptures.

Booming stock market is fueling a mega-billion return to classic art and a backlash to junk

A booming stock market and increased disposable income among the ultra-wealthy have fueled a $2.2 billion fall auction season in New York, led by Gustav Klimt's "Portrait of Elisabeth Lederer," which sold for $236.4 million at Sotheby's. Other major sales include Frida Kahlo's "El sueño (la cama)" setting a record for a female artist at $55 million, and Mark Rothko's "No. 31 Yellow Stripe" fetching $62 million at Christie's. The surge is attributed to a convergence of high-quality estates coming to market—including those of Leonard Lauder, Robert and Patricia Ross Weis, and Jay and Cindy Pritzker—and renewed confidence among wealthy buyers after a stagnant period for art prices.

‘Unicorn’ collection, expected to fetch $180m, comes to Christie's

The Weis family, secretive mega-collectors behind the supermarket chain Weis Markets, are selling 80 artworks from their private collection at Christie's in November. The collection, assembled over nearly seven decades by the late Robert F. Weis and his wife Patricia G. Ross, includes major works by Pablo Picasso, Mark Rothko, Max Ernst, and Henri Matisse, and is expected to fetch over $180 million. Christie's secured the sale by offering an advance of nearly $200 million, reflecting strong confidence in the trove.

London's pre-contemporary art market gets boost from two new summer events

Two new summer events for pre-contemporary art are launching in London: Classic Art London (CAL), running from 23 June to 4 July, and Studiolo, a one-day showcase on 26 June. CAL fills the gap left by London Art Week, which ended in 2024, and features gallery exhibitions across Mayfair, St. James's, Cecil Court, and Belgravia, along with a talks programme at the Society of Antiquaries. Highlights include a rediscovered Titian, a solo show of Paul Nash landscapes, and a focus on Swedish Cubo-Futurist Gösta Adrian-Nilsson (GAN). Studiolo, held at Spencer House, presents art, antiquities, and sculpture.