New York's spring auction week, starting May 18, 2026, saw record-breaking sales led by Christie's, which realized over $1.1 billion across two opening night sales. Major estate consignments from Condé Nast owner S.I. Newhouse, MoMA trustee Agnes Gund, dealer Marian Goodman, and financier Robert Mnuchin fueled the market, resulting in 17 new artist auction records.
Phillips’s evening sale of modern and contemporary art on Tuesday achieved a 'white glove' result, selling all 41 lots for a total of $115.2 million with fees, near the $121.7 million top estimate. The sale marked a 119 percent increase over the same sale last year, driven by strong bidding on works by Salman Toor, Lee Bontecou, P.S. Krøyer, Joseph Yaeger, Helen Frankenthaler, Anna Weyant, and Pat Passlof. Two works were withdrawn before the sale, and about half of the lots had third-party guarantees. Despite some lots hammering below their low estimates, including works by Andy Warhol, Francis Picabia, Henri Matisse, and a Jackson Pollock at the center of a lawsuit, the overall result signals renewed market confidence.
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.
Stockholms Auktionsverk's spring auctions, The Modern Art Sale and The Contemporary Art Sale, achieved strong results including a world record for Lena Cronqvist's sculpture "Flicka med flätor och parasoll", which sold for nearly SEK 1.9 million. Other top sales included Andy Warhol's "Queen Elizabeth II" at SEK 2.5 million, Jean-Paul Riopelle's "Arthur" at SEK 1,875,000, and Warhol's triptych "Ingrid Bergman" at SEK 1.25 million. Karin Parrow also set a new personal record with "Kappseglingsdag" selling for SEK 231,250.
Farsettiarte in Prato will hold two auctions at the end of May 2026, featuring modern and contemporary art. The Contemporary Art sale takes place on May 29, followed by the Modern Art sale on May 30, with highlights including works by Giorgio Morandi, Carlo Carrà, Giorgio de Chirico, Afro, Giuseppe Capogrossi, Piero Dorazio, and Hans Hartung. A rare Morandi still life from 1921 is estimated at €1.3-1.6 million, while de Chirico's 'Piazza d'Italia' (1963) carries an estimate of €220,000-320,000.
Banksy's painting *Girl and Balloon on Found Landscape* sold for $18 million (£13.3 million) at a Fair Warning auction held at Tiffany & Co.'s Landmark store in New York. The 2012 work, which reimagines a traditional pastoral landscape with the artist's iconic balloon motif, was purchased by an anonymous US bidder after a phone battle. The result places it among the three highest auction prices ever achieved for a Banksy artwork, surpassing *Sunflowers From Petrol Station* and trailing only *Game Changer* and *Love Is in the Bin*.