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A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

Ed Ruscha | Billy (1968) | Art & Prints

Ed Ruscha's 1968 exhibition catalogue 'Billy', designed for a show of works by his friend Billy Al Bengston, is being offered for sale. The catalogue features a flocked sandpaper cover, satin ribbon bookmark, and machine screw and hex nut binding, and was published by the Los Angeles County Museum of Art for an exhibition that traveled to the Corcoran Gallery of Art and the Vancouver Art Gallery. The work is listed on an art marketplace platform with a price of €62,600, and the listing includes details about its condition, provenance, and the artist's broader career.

Gladstone now represent The Estate of Anna Zemánková

Gladstone Gallery has announced its representation of The Estate of Anna Zemánková, a self-taught Czech artist known for her influential abstract works that explore psychological and spiritual realms. The gallery will collaborate with Cavin-Morris Gallery and plans to present a solo booth of Zemánková's work at TEFAF New York from May 14–19, 2026, following a spring 2025 exhibition in New York featuring her botanical drawings and works on paper. Zemánková, a key figure in Art Brut, created untitled, biomorphic works rooted in the subconscious, often compared to artists like Kunz and Hilma af Klint.

Scaled back Art Dubai 2026 reveals wide impact of Iran war

Art Dubai 2026 has announced a significantly scaled-back edition for its 20th anniversary, now running from May 15 to 17 at Madinat Jumeirah with a VIP day on May 14. The fair will feature just 50 galleries—a 60% drop from pre-war expectations—and will be free for all visitors for the first time. Two-thirds of participants are Middle East-based, with all Indian galleries canceling due to safety concerns, shipping risks, and lack of insurance. A new “risk-sharing” model allows galleries to pay a percentage of sales capped at their booth fee, while half of withdrawn galleries’ fees are refunded and half credited toward 2027.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Van Cleef & Arpels cashes in on lucrative secondary market for vintage jewellery

Van Cleef & Arpels has capitalized on the growing secondary market for vintage jewelry through its Heritage Collection, launched in 2007. The collection offers around 150 curated 20th-century pieces, authenticated and restored by the maison, allowing clients to buy directly from the jeweler rather than through auction houses like Sotheby's, Christie's, and Artcurial, which sold over €120 million in Van Cleef jewels in 2024.

Uncertainty, But Also Optimism, Mark New York Art Week

New York Art Week in May will feature high-value auction items and several major private collections going to market, serving as a key indicator of the art market's health amid current economic and political uncertainty. The event brings together galleries, auction houses, and collectors for a concentrated period of sales and exhibitions.