Gallery Not Paying? Call Kenny Schachter’s Kollection Agency. He Gets Results!

Art world provocateur Kenny Schachter addresses the current climate of anxiety within the industry, touching on everything from the existential threats of advanced AI tools like Anthropic’s Mythos to the 'doomster' narratives of market analysts. Amidst reports of dwindling demand and galleries struggling with non-paying clients, Schachter highlights the enduring value of historical works, such as a 1799 Goya etching, while dismissing claims that screens are replacing physical art in the home.

what is reference baiting art market

At Art Basel Miami Beach 2025, the art market showed a strong turn toward historical references, with galleries like Gagosian featuring Jeff Koons' antique-inspired sculptures and Takashi Murakami's reproductions of Cézanne and Van Gogh. The new Zero 10 sector, named after a 1915 Malevich exhibition, highlighted digital artists such as Beeple and Larva Labs. This trend reflects a broader "flight to quality" in an uncertain market, where collectors seek reassurance by associating emerging or overlooked artists with established historical names.

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.

david lynch home studio sale

The Hollywood Hills home of the late filmmaker, musician, and artist David Lynch has been listed for sale at $15 million. The 2.3-acre compound, originally built in 1963 by Lloyd Wright (son of Frank Lloyd Wright), was expanded by Lynch over his 35 years of residence to include two neighboring lots. It features 10 bedrooms, 11 bathrooms, an art studio, a workshop, and a private screening room. The property served as both living quarters and workspace, and was even used as a film set for Lynch's 1997 movie *Lost Highway*. The listing shows that the home survived the recent destructive fires in the area, from which Lynch had evacuated shortly before his death in January 2025.

robert colescott market

The article examines the posthumous market resurgence of painter Robert Colescott, who died in 2009. After his commercial profile faded, Los Angeles dealer Tim Blum and his gallery Blum & Poe began working with the artist's estate in 2017, staging five solo shows and rescuing a disorganized estate with works stored in shipping containers in Arizona. Major auction prices followed, including a record $15.3 million for 'George Washington Carver Crossing The Delaware' in 2021. In 2024, after Blum & Poe closed, Gladstone Gallery took over representation. A current exhibition at the Tacoma Art Museum, 'The One-Two Punch: 100 Years of Robert Colescott,' runs through March 29.

jeff koons gagosian representation

Gagosian Gallery will once again represent Jeff Koons, the star sculptor who left the mega-gallery to join Pace in 2021. The announcement completes a return that began in May with a solo presentation at Frieze New York, where Koons showed three sculptures from his “Hulk Elvis” series. Koons had also been represented by David Zwirner at the time of his departure from Gagosian, but he does not appear to have rejoined Zwirner. Reports indicate that Koons split with Pace after a costly Meissen-inspired sculpture series required $50–100 million in investor support, which fell through when additional funds were needed.

jeff koons split rocker lacma resnicks

Lynda and Stewart Resnick have donated a monumental Jeff Koons sculpture, *Split-Rocker*, to the Los Angeles County Museum of Art (LACMA). The 37-foot-tall work, made of a metal skeleton and planted with 50,000 flowers, resembles a hybrid toy head—half rocking horse, half dinosaur. It will be installed near a new group of galleries endowed by trustee David Geffen. The Resnicks listed an unnamed piece given to LACMA on their 2023 tax filings valued at $9.6 million. The donation is part of director Michael Govan’s long-term plan to add another major sculpture to LACMA’s campus, alongside works like Chris Burden’s *Urban Light* and Tony Smith’s *Smoke*.

Robert Mnuchin’s Rothko Sells at Sotheby’s for $85.8 M., Narrowly Missing a Record

A Mark Rothko painting, *Brown and Blacks in Reds* (1957), formerly owned by the late influential art dealer Robert Mnuchin, sold at Sotheby’s on Thursday night for $85.8 million. The work hammered at $74 million, falling short of the upper end of its $70–$100 million estimate, but with premium fees it became the second-most expensive Rothko ever sold at auction, narrowly missing the artist’s record of $86.9 million set by *Orange, Red, Yellow* (1961) in 2012. The painting was part of a sale devoted to Mnuchin’s collection, which also included works by Willem de Kooning, Pablo Picasso, Franz Kline, and Jeff Koons.

la louver gallery closes venice huntington archive donation

LA Louver, one of Los Angeles's longest-running galleries, is closing its physical space in Venice, California, after 50 years and shifting to private dealing. The gallery, founded in 1975 by Peter and Elizabeth Goulds, has shown artists including Marcel Duchamp, David Hockney, Ed Ruscha, and Doris Salcedo, mounting over 660 exhibitions. The Venice space will host select exhibitions by appointment, while the gallery will focus activities on a private warehouse in LA's West Adams neighborhood. The Huntington library, museum, and botanical garden will receive LA Louver's archive of photography, correspondence, and documents.

High-Profile Montreal-Based Art Gallery Opening in Wynwood This Summer

Montreal-based Galerie de Bellefeuille, a commercial gallery founded in 1980 that represents over 100 artists including Damien Hirst, Robert Indiana, Jeff Koons, and Alexander Calder, has announced it will open a 4,000-square-foot location at 136 NW 25th St. in Miami's Wynwood neighborhood this summer. The expansion comes shortly after the gallery's planned U.S. flagship in Midtown New York, and marks the latest in a wave of international galleries establishing a presence in Miami.

Rare Letter Reveals Cash-Strapped Monet Once Put His Paintings Up as Collateral

A rare 1875 letter from Claude Monet, up for auction on March 25, reveals the artist secured a 1,000-franc loan by pledging 35 of his paintings as collateral. The document details his agreement to repay the loan from the proceeds of a future sale, listing specific works including the later-famous 'La Japonaise,' and highlights his persistent financial desperation during this period.

The art world's most infamous toilet is heading to New York auction for US$10m – and the starting bid moves with gold

Maurizio Cattelan's solid-gold toilet sculpture, *America* (2016), will be auctioned at Sotheby's New York on 18 November 2025 as part of the Now & Contemporary Evening Auction. The work, weighing 223 pounds of 18-karat gold, has a raw material value of around US$10.2 million based on current gold prices. In a first for auction history, the starting bid will fluctuate with live gold prices until bidding begins. The sculpture was previously installed at the Guggenheim Museum, where over 100,000 visitors used it, and later made headlines when the Guggenheim offered it to the Trump White House as a loan alternative to a Van Gogh painting. One edition was stolen and never recovered, making this the only surviving example.

The Storm Hits the Art Market

The article reports on the severe downturn in the art market during the first half of 2025, focusing on the closure of New York-based Clearing gallery. Despite opting out of Art Basel to host an alternative exhibition in a rented villa to cut costs, the gallery could not survive its financial losses and announced bankruptcy in August. It is one of several prominent galleries—including Blum, Venus Over Manhattan, and Kasmin—that have closed amid falling sales, high overheads, and reduced collector spending.

Sotheby’s Closes Marquee Week With $186.1M in Contemporary Sales

Sotheby’s closed its May marquee auction week with $186.1 million in combined contemporary sales across three sessions on May 16. The evening began with a white-glove sale of 12 works from Barbara Gladstone’s personal collection, fetching $18.8 million, followed by a $40.4 million sale from Daniella Luxembourg’s collection, which signaled revived appetite for Italian postwar art. The main Contemporary Evening Auction saw strong bidding for emerging artists like Danielle Mckinney and Mohammed Sami, though some high-profile lots like Richard Prince’s Man Crazy Nurse fell short of estimates.

Consonni Radziszewski Launches With a Three-City Footprint

Dealers Matteo Consonni and Dawid Radziszewski have merged their respective galleries, Madragoa in Lisbon and Galeria Dawid Radziszewski in Warsaw, to form a single entity: Consonni Radziszewski. The new gallery launched with a third physical space in Milan, timed to coincide with the city's art week and the Venice Biennale. This merger follows a three-year period of collaboration on art fair booths and joint artist representation, specifically for photographer Joanna Piotrowska.

"Es ist nur die Frage: Bist du reich genug oder nicht?"

A Christie's auction in New York saw Jackson Pollock's "Number 7A" sell for approximately $181 million, contributing to a total of $1.1 billion in sales for the evening. The auction, covered by Vanity Fair and the New York Times, featured intense bidding between figures like Iwan Wirth and Alex Rotter, while names such as Jeff Bezos and Ken Griffin were speculated to be involved. Combined with sales from Sotheby's and Phillips, the week generated around $2.5 billion. Meanwhile, a separate controversy erupted in France over artist Claire Tabouret's new stained-glass windows for Notre-Dame Cathedral, with critics arguing they violate heritage protection laws. Additionally, the Fondation Beyeler faces allegations that a Cézanne watercolor in its current exhibition may be Nazi-looted art from the collection of Jewish paper wholesaler Gustav Schweitzer.

michelangelo drawing sistine chapel christies new york

A five-inch-tall red chalk drawing of a foot, attributed to Michelangelo (1475–1564), is set to be auctioned at Christie’s New York in February with an estimate of $1.5–2 million. The work was discovered when Giada Damen, a specialist in Old Master drawings at Christie’s, flagged it from a public online submission; after extensive provenance research, technical analysis, and comparison with known sketches, Christie’s has declared it a preparatory study for the Sistine Chapel ceiling (1508–1512). If authenticated, it would be one of only two such Michelangelo drawings remaining in private hands.

my wifes lovers cat painting

Carl Kahler's 1891 painting *My Wife's Lovers*, a monumental portrait of 42 cats commissioned by San Francisco millionaire Kate Birdsall Johnson, has resurfaced in popularity thanks to social media and a record-breaking sale at Sotheby's in 2016, where it fetched $826,000—more than double its high estimate. The article details Kahler's background as a horse-racing painter from Austria, his three-year stay at Johnson's Buena Vista Castle sketching her feline menagerie, and the painting's debut at the 1893 Chicago World's Fair. Johnson, an eccentric art collector and philanthropist, owned hundreds of cats and named the work after her late husband's nickname for them.

diana de rosa

A rediscovered Baroque painting by 17th-century Neapolitan artist Diana de Rosa, titled *Salome with the Head of Saint John the Baptist*, sold for £317,500 ($436,086) at Sotheby’s Old Masters and 19th Century Paintings sale in London on July 2, more than quadrupling its high estimate. The work, previously unknown to scholars, set a new auction record for the artist and was described by Sotheby’s specialist Elisabeth Lobkowicz as a powerful image comparable to Caravaggio’s treatment of the same subject.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.

jungle book illustrations rudyard kipling rediscovery

Two rare original watercolor illustrations for Rudyard Kipling’s 1903 edition of The Jungle Book were rediscovered in a London family home and sold at Roseberys auction house for a combined £130,480 ($174,940). Created by twin brothers Edward Julius and Charles Maurice Detmold, the works—titled Mowgli and Bagheera and The Cold Lairs—had been hanging unassumingly for decades. The sale price significantly exceeded expectations, with the Mowgli illustration alone fetching more than four times its high estimate.

priority bidding phillips

Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

ronald perelmans 410m trial finally begins

Billionaire collector Ronald Perelman's $410 million insurance trial has finally begun after seven years of litigation, over 1,500 court filings, and a 2018 fire at his East Hampton estate. The dispute centers on five paintings by Cy Twombly, Ed Ruscha, and Andy Warhol that survived the fire but were exposed to smoke and sprinklers. Perelman claims the works lost their market appeal—their "oomph"—while insurers at Lloyd's of London dispute any detectable damage and allege Perelman quietly tried to sell some of the pieces. The trial has also revealed that Perelman sold over 70 works from his collection after a margin call from Deutsche Bank, with some contested paintings used as collateral.

rothschild vienna mahzor prayer book auction

The Rothschild Vienna Mahzor, a 15th-century illuminated Hebrew prayer book, sold for $6.4 million at a Sotheby's auction on February 5. The sale followed the manuscript's recent restitution to the descendants of Alphonse von Rothschild, from whom it was seized by the Nazis in 1938.

Tirzah Garwood's archive of work worth £30,0000 to be sold at auction

Cheffins auction house in Cambridge, UK, will sell the first archive of work by artist Tirzah Garwood to come to the market, in its Art & Design Sale on 22 May. The archive, estimated to fetch around £30,000, includes wood engravings, pencil sketches, and a sketchbook, and has been consigned by the granddaughter of artist Frederick Austin, a friend of Garwood and her husband Eric Ravilious. The sale coincides with the first major retrospective of Garwood's work, "Tirzah Garwood: Beyond Ravilious" at Dulwich Picture Gallery, which has helped revive interest in her career.

How much should art cost? The pitfalls and paradoxes of pricing works

The article examines the current state of the art market, which is in its third consecutive year of contraction. It traces how low interest rates fueled speculative price inflation, leading to a boom in ultra-contemporary art that has now burst, with collectors shifting toward Old Masters. Dealers like Larry Gagosian are now advocating for lowering primary market prices, while private sales stall due to sellers' 'anchoring' to peak valuations. The piece highlights the disconnect between high prices and long-term value, using examples such as auction records being manipulated (e.g., Patrick Drahi's anonymous bidding on a Francis Bacon triptych) and the reality that most artworks in even celebrated collections depreciate.

Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

Two New Italian Paintings for the Bemberg Collection in Toulouse

Deux nouveaux tableaux italiens pour la Collection Bemberg à Toulouse

The Collection Bemberg in Toulouse has acquired two new Italian paintings, including a still life by Bernardo Strozzi (1581-1644) purchased at the Maastricht art fair from Galerie Canesso. The work, a vibrant depiction of peonies and fruit, was previously sold at Sotheby's London in July 2013 and first published in 1985. The acquisition continues the museum's decade-long strategy of enriching its holdings with major works sourced from the art market, guided by its scientific council.

Monet auction drives Sotheby’s Paris sale to 35 million euros

Sotheby's Paris sale on April 16, 2026, achieved a total of 35 million euros, an 84% increase over the previous year's equivalent auction. The event was dominated by two rediscovered Claude Monet paintings, with 'Vétheuil, effet du matin' setting a new auction record for the artist in France at 10.2 million euros. Strong results were also posted for works by Marc Chagall, Lucio Fontana, and Gerhard Richter, with 62.5% of lots selling above their high estimates.

Billionaire Collector Ken Griffin Buys Second Rare Constitution Printing

Billionaire collector Ken Griffin has quietly acquired a second rare first printing of the US Constitution, known as the Van Sinderen copy, through a private deal after it was pulled from a planned Sotheby’s auction in 2022. Griffin, who previously paid $43.2 million at Sotheby’s in 2021 for another copy, now holds the only two copies of the 1787 document still in private hands. The newly acquired document will go on public display starting May 27 at the South Street Seaport Museum in New York, headlining an exhibition titled “The Promise of Liberty” that includes other foundational texts.