A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major painting by Jean-Michel Basquiat, titled *Portrait of the Artist as a Young Derelict*, will be auctioned at Christie’s in New York this May. The 1982 work is a prime example of the artist's raw, graffiti-infused style and is expected to fetch over $5 million. This sale is part of Christie’s marquee spring auctions, highlighting continued strong market demand for blue-chip contemporary art.

Pilar Corrias now represents Alexis Ralaivao

London gallery Pilar Corrias has announced the representation of French painter Alexis Ralaivao in partnership with New York-based Olney Gleason. The announcement coincides with Ralaivao’s debut UK solo exhibition, "Flirter avec l’abstrait," which is currently on view at the gallery’s Conduit Street location in Mayfair. Ralaivao is recognized for his intimate, diaristic oil paintings that blend 17th-century Dutch technical precision with contemporary emotional depth.

Behind All Beautiful Things Lies Suffering

"Hinter allen schönen Dingen liegt ein Leiden"

The art market is undergoing a profound structural transformation as a new generation of collectors shifts focus away from traditional blue-chip masters like Cy Twombly and Mark Rothko. These 'NextGen' buyers, socialized through the internet and Instagram, prioritize identity-building over status, favoring streetwear, digital art by figures like Refik Anadol, and music memorabilia over classical painting. Meanwhile, institutional shifts are occurring globally: Greece has introduced specific legislation to criminalize the production of art forgeries, and LACMA director Michael Govan is defending the $724 million Peter Zumthor-designed expansion as a necessary 'magnet' for attracting major donations.

Gagosian's Rare Gallery Failures Reveal Art World's Challenges

Larry Gagosian, often considered the most powerful art dealer in the world, has publicly reflected on rare professional setbacks, including a failed 2016 gallery opening in San Francisco and a misunderstood location in Geneva. These admissions coincide with a strategic shift for his empire, marked by the opening of a new street-level gallery at 980 Madison Avenue in New York. The move signals a departure from the exclusive, upper-floor models of the past toward a more accessible physical presence.

Post War & Contemporary Art

Rago / Wright has announced its upcoming Post War & Contemporary Art auction scheduled for March 18, 2026, in Lambertville, New Jersey. The sale features a diverse selection of works from influential 20th and 21st-century artists, headlined by Andy Warhol’s 1983 screenprint "Parrot" and a late-career acrylic painting by Sam Francis. Other notable entries include two canvases by Gertrude Abercrombie and pieces by contemporary figures like KAWS and Robert Longo.

Ten of the best by Banksy — from Queen Victoria to Kate Moss

Christie’s has highlighted ten of Banksy’s most iconic works following a dedicated online auction held in March 2026. The selection spans the artist's career, featuring famous motifs such as the 'Flower Thrower Triptych'—originally sold through his Gross Domestic Product pop-up shop—and 'NOLA,' a commentary on the aftermath of Hurricane Katrina. Other notable entries include his 'Pulp Fiction' parody featuring bananas and the globally recognized 'Girl with Balloon,' which continues to command high prices on the secondary market.

In Surprising Twist, ADAA Art Fair Will Now Benefit the Whitney Museum

The Art Dealers Association of America (ADAA) has named the Whitney Museum of American Art as the new philanthropic beneficiary of its annual fair at the Park Avenue Armory. This decision follows the ADAA's abrupt termination of a 30-year partnership with the Henry Street Settlement, a social services nonprofit that relied on the fair's preview gala for approximately $1 million in annual unrestricted funding. The new event, rebranded simply as the ADAA Fair, will direct its gala proceeds toward the Whitney’s educational and artistic programming.

LAMA: PRESENT TENSE: Ultra-Contemporary & Street Art

Los Angeles Modern Auctions (LAMA) is hosting a specialized sale titled "PRESENT TENSE: Ultra-Contemporary & Street Art" via the Artsy platform. The auction features a curated selection of works from high-profile contemporary and street artists, including Barry McGee, Shag, and RETNA. Bidders are invited to participate through pre-registered max bids or real-time live bidding as the sale concludes on March 17, 2026.

KAWS | The Nature of Need (2012) | Available for Sale

The Brooklyn-based artist KAWS has listed an offset lithograph titled 'The Nature of Need' (2012) for sale through Kumi Contemporary. The work, priced at £350, features the artist's signature synthesis of pop culture animation and street art aesthetics, presented as an unsigned edition on smooth paper.

'Blame Game' X , 2014

The silkscreen print 'Blame Game X' (2014) by KAWS is currently being highlighted as a significant individual work from the artist's rare portfolio of ten. This brightly colored screenprint, limited to an edition of 100, features the artist's signature aesthetic of subverted cartoon imagery and 'X' motifs. The work exemplifies KAWS's transition from street art and commercial animation into the high-end contemporary art market.

Obey Giant x Add Fuel Modular Frequency Shepard Fairey Fine Contemporary Art , 2026

Street art pioneer Shepard Fairey has released a collaborative screen print titled "Modular Frequency" in partnership with Portuguese artist Add Fuel (Diogo Machado). The limited-edition work, produced by Obey Giant Studios, features a fusion of Fairey’s signature propaganda-style aesthetics with Add Fuel’s contemporary take on traditional tile patterns. The hand-signed and numbered edition is currently being offered through New Union Gallery on the Artsy platform.

Shepard Fairey "RAGE" Fine Art Screenprint Street Contemporary Obey Giant , 2021

Contemporary street artist Shepard Fairey’s 2021 screenprint titled "RAGE" has been listed for sale via New Union Gallery on the Artsy platform. The work, a limited edition screenprint on fine art paper measuring 12 by 12 inches, is part of an edition of 250 and is hand-signed and numbered by the artist.

gallery garth greenan relocation soho 1234777062

Garth Greenan Gallery has announced it will relocate from Chelsea to SoHo in September, marking the gallery's 15th anniversary. The move involves opening two distinct spaces across from each other at 10 and 25 Greene Street, nearly tripling the gallery's current footprint to over 3,500 square feet of exhibition space. The new locations, situated in landmarked cast-iron buildings, will debut with solo exhibitions by Rosalyn Drexler and Cannupa Hanska Luger.

works by auerbach chadwick and hepworth to spearhead christies modern british and irish art sale in london 1234777016

Christie’s London has announced its Modern British and Irish Art sale scheduled for March 18, featuring a curated selection of 26 works. The auction is led by Frank Auerbach’s "Christmas Tree at Mornington Crescent," estimated at up to £2 million, alongside significant sculptures by Lynn Chadwick and Barbara Hepworth. Other notable entries include a monumental bronze by Chadwick titled "Back to Venice" and a 1986 painting by Bridget Riley.

robert frank june leaf studio market 2752628

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.

sothebys robert mnuchin collection rothko 1234776056

Sotheby’s has secured the personal collection of the late financier and legendary art dealer Robert Mnuchin for its marquee May auctions in New York. The 24-work consignment is headlined by Mark Rothko’s 1957 masterpiece 'Brown and Blacks in Reds', which carries an estimate of $70 million to $100 million. The collection also features significant works by Willem de Kooning, Franz Kline, and Jeff Koons, reflecting Mnuchin's lifelong dedication to postwar abstraction and the New York School.

Shepard Fairey Projection Mirror: ICE Paid Agitator Screenprint Contemporary Art Obey Giant , 2026

Street artist Shepard Fairey has released a new limited-edition screenprint titled "Projection Mirror: ICE Paid Agitator" as part of his "FUCK ICE" series. The artwork features inflammatory rhetoric previously used by the Trump administration, redirected toward U.S. Immigration and Customs Enforcement (ICE) to highlight what the artist describes as the agency's pervasive brutality and dehumanizing attacks on immigrants. A portion of the proceeds from the sale of these prints will benefit the Coalition for Humane Immigrant Rights (CHIRLA).

Kapopoulos Fine Arts Presents Contemporary Art Auction in Nicosia

Kapopoulos Fine Arts will hold a Contemporary Art Auction on February 18, 2026, at its Nicosia Gallery. The sale features 82 works, with highlights by artists including Mr. Brainwash, Yiannis Mytaras, Kostis Georgiou, Spyros Vassiliou, and Richard Orlinski, alongside many other contemporary Greek and international artists. Starting prices range from €300, with high-profile lots like Mr. Brainwash's 'Everyday Life' estimated at €10,000–12,000.

Kapopoulos Fine Arts Presents Contemporary Art Auction in Nicosia

Kapopoulos Fine Arts will hold a Contemporary Art Auction on February 18, 2026, at its Nicosia Gallery. The sale features 82 works, with highlights including pieces by street artist Mr. Brainwash (Thierry Guetta), Greek painter Yiannis Mytaras, and sculptor Richard Orlinski, alongside works by Kostis Georgiou, Spyros Vassiliou, and others. Starting prices range from €300, with bidding available in person, by phone, or via absentee bids.

bonhams new hq 111 west 57th street 1234773273

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.