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hot lots and top flops 6 artworks that had shocking results at the marquee may auctions

Artnet News analyzed six standout lots from the marquee May auctions at Christie's and Phillips, highlighting both surprising successes and failures. Among the 'hot lots,' Mark Tansey's study for "The Enunciation" (1992–93) sold for $3.2 million at Christie's—over ten times its low estimate—while Henri Matisse's tiny portrait "Henriette, robe jaune" (1923) fetched $1.4 million, nearly quadrupling expectations. Firelei Báez's "Untitled" (2017) also soared, selling for $381,000 at Phillips, more than triple its high estimate. The article contrasts these with 'top flops,' though the provided text focuses on the successes.

The Top Collections Leading the May Marquee Auctions

The article reports that the May 2025 marquee auctions at Christie's and Sotheby's are being driven by a resurgence of major single-owner collections, reversing a period of trophy scarcity in the secondary market. Key collections include the $130 million Robert E. Mnuchin collection at Sotheby's, the personal collection of gallerist Marian Goodman at Christie's, and the S.I. Newhouse collection expected to generate around $450 million, featuring Jackson Pollock's 'Number 7A (1948)' and Constantin Brancusi's 'Danaïde (1913)'. The article notes that the ultra-high tier above $10 million rose 30% year-on-year, and single-owner collections in New York auctions totaled $730.9 million, an 89.9% increase from Q1 2025.

Van Gogh’s ‘Sower’ will soon go on sale at Sotheby's—where it's set to make record price

Van Gogh's drawing 'Sower in a Wheatfield with setting Sun' (July 1888) will be auctioned at Sotheby's New York on 18 November with an estimate of $8m-$10m. The work, which belonged to the late cosmetics heir and collector Leonard Lauder, is expected to set a new auction record for a Van Gogh drawing if it exceeds the $8.8m achieved by 'La Mousmé' in 2021. The drawing was originally made for the artist Émile Bernard and later passed through notable hands including dealer Ambroise Vollard and critic Théodore Duret before entering the Lauder collection. It will be sold alongside 23 other major works from Lauder's collection, including three important Gustav Klimt paintings, in a sale expected to fetch over $400m.

London 20th/21st Century Frieze Week sales achieve a running total of £141.8m / $189.7m / €162.75m

Christie’s 20th/21st Century: London Evening Sale during Frieze Week 2025 achieved £106.9 million, up 30% year-on-year, with a 90% sell-through rate by value. The top lot was Peter Doig’s *Ski Jacket* (1994), sold for £14.27 million after intense bidding, part of the Ole Faarup Collection, which raised £27.3 million total for the Ole Faarup Art Foundation. Other notable sales included works by Lucian Freud, Paula Rego, Gerhard Richter, Pablo Picasso, and Suzanne Valadon, with more than half of all lots selling above high estimate.

Christie's presents its 20/21 Marquee Week - Christie's

Christie's will host its 20/21 Marquee Week in London from October 8, 2025, featuring six live and online sales of Impressionist, Modern, Post-War, and Contemporary art during Frieze Week. Highlights include works by Lucian Freud, Peter Doig, Paula Rego, Yoshitomo Nara, Claude Monet, Paul Cezanne, Louise Bourgeois, Chris Ofili, Paul Signac, Gerhard Richter, and Pablo Picasso, along with the Ole Faarup Collection. The event also includes a philanthropic initiative called Architects for the Birds, with birdhouses designed by architects including Norman Foster, Renzo Piano, and David Chipperfield, benefiting the Tessa Jowell Foundation; an exhibition of wearable sculptures and an installation by artist Natasha Wightman; and a continued partnership with the 1-54 Contemporary African Art Fair.

Christie's 20/21 sales achieve $693 million

Christie's 20th and 21st Century Art sales in New York from 12-15 May 2025 achieved a total of $693 million across six sales, reaching 123% of the low estimate. The top lot was Piet Mondrian's 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.56 million. Other highlights included Claude Monet's *Peupliers au bord de l'Epte, crépuscule* (1891) at $42.96 million, and Marlene Dumas's *Miss January* (1997), which set a record for a living female artist. The Leonard & Louise Riggio collection alone brought $272 million, while the 20th Century Evening Sale achieved $217 million with a 100% sell-through rate. New artist records were set for Dorothea Tanning, Remedios Varo, Louis Fratino, Simone Leigh, and Emma McIntyre.

Your guide to Christie's 20/21 auction week in New York

Christie's is holding its 20/21 auction week in New York from May 9–22, 2026, featuring seven live auctions and two online sales at its Rockefeller Center galleries. Highlights include the dedicated sale "MASTERPIECES: The Private Collection of S.I. Newhouse" (led by Constantin Brancusi's *Danaïde* and Jackson Pollock's *Number 7A, 1948*), the Impressionist and Modern Art Day Sale, and "Defined Space: The Collection of Henry S. McNeil, Jr.," which focuses on Minimalist works by Donald Judd and Dan Flavin. Other consignors include prominent collectors Agnes Gund, Marian Goodman, and Joanna Carson. The public can view works for free from May 9–21.

Sotheby’s Tries Again to Sell $40 M. Picasso Painting That Didn’t Make It to Auction in 2008

Sotheby’s has announced the sale of Pablo Picasso’s 1909 Cubist masterpiece, Arlequin (Buste), which is expected to fetch approximately $40 million during the New York marquee auctions this May. The painting is the crown jewel of a collection belonging to the late Surrealist artist Enrico Donati and his wife Adele. This marks the second time Sotheby’s has attempted to sell the work; it was famously withdrawn from a 2008 auction just a week before the sale due to undisclosed private reasons.

christies london sales 2026

Christie’s London achieved a robust £197.5 million ($263.8 million) across three evening sales, marking a significant 52 percent increase over the previous year. The marathon auction event included the 20th/21st Century sale, the Art of the Surreal sale, and a dedicated session for the Roger and Josette Vanthournout collection. Highlighting the evening was a record-breaking £26 million sale for Henry Moore’s sculpture "King and Queen," alongside strong performances for works by Dorothea Tanning and Toyen.

christies kawamura memorial dic museum art monet renoir

Christie’s has been consigned to sell works from the collection of the Kawamura Memorial DIC Museum of Art, including pieces by Claude Monet, Pierre-Auguste Renoir, Marc Chagall, Henri Matisse, and Henry Moore, as part of its fall marquee auctions. A top highlight is Monet’s oil painting *Nymphéas* (1907) with a low estimate of $40 million. The museum, located in Sakura, Japan, and owned by the DIC Corporation, decided last December to downsize and relocate, selling 75 percent of its 384 artworks valued at $77.5 million. The sale includes eight works in Christie’s 20th Century Evening Sale in November, with additional pieces in day sales for Impressionist and Modern Art as well as Post-War and Contemporary Art.

global auction sales h1 2025 arttactic analysis

Global auction sales at Christie’s, Sotheby’s, and Phillips fell 6.2% in the first half of 2025 compared to the same period last year, while the number of lots sold rose 1.3%. ArtTactic’s analysis reveals significant category shifts: post-war and contemporary art dropped 19.3% to $1.22 billion, impressionist and modern art fell 7.7% to $989.5 million, and luxury sales were nearly flat. In contrast, Old Masters surged 35.6% to $171.2 million, and design, decorative arts, and furniture rose 20.4% to $172 million. The decline in high-value trophy lots, including the withdrawal of Andy Warhol’s *Big Electric Chair* and Alberto Giacometti’s *Grande tête mince*, contributed to the slump in contemporary sales.

Christie’s New York surpasses $1 billion

Christie’s New York kicked off its 20th and 21st Century Art sales week on 18 May 2026 with a record-shattering evening, generating over $1.12 billion across two sales: Masterpieces: The Private Collection of S.I. Newhouse and the 20th Century Evening Sale. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million, setting a new auction record for the artist. Other artist records were set for Constantin Brancusi, Joan Miró, Alice Neel, and Mark Rothko. The S.I. Newhouse collection alone achieved $631 million, selling 100% of lots, and its cumulative total across four Christie’s sales reached $1.05 billion, making it the second-highest collection ever sold at auction after Paul Allen’s.

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.

RELEASE: Christie's Spring Auction Series in New York Achieves a Combined Total of $1.79 billion - Christie's

Christie’s concluded its Spring auction series in New York with a historic total of $1.79 billion, bolstered by the landmark sale of the Peggy and David Rockefeller Collection. The two-week marathon featured high-profile evening and day sales that attracted over 85,000 visitors and bidders from 52 countries. Significant results included record-breaking prices for artists such as Kazimir Malevich, Constantin Brancusi, and Joan Mitchell, alongside major works by Francis Bacon and Vincent van Gogh.

Christie’s Paris Sells $64 Million Worth of 20th- and 21st-Century Art at Auction

Christie’s Paris held a series of auctions focused on 20th- and 21st-century art, achieving over $64 million in total sales with a 92% sell-through rate. The sales included works from the Lise and Roland Funck-Brentano Collection and the Henri Canonne Collection, and featured Impressionist, Modern, and Contemporary art. Three world records and one national record were set, including a wooden relief by Sophie Taeuber-Arp that sold for $3.4 million and Jane Avril au Divan Japonais by Henri de Toulouse-Lautrec, which fetched over $6 million and set a national auction record for the artist. The evening sale alone brought in over $34 million, and the Contemporary Art sale exceeded its high estimate at over $9.4 million.

Impressionist and Modern Works on Paper & Impressionist and Modern Art Day Sale Achieve $56.5 Million - Christie's

Christie's New York held back-to-back Day Sales on November 18, 2025, featuring Impressionist and Modern Works on Paper in the morning and Impressionist and Modern Art Day Sale in the afternoon. The two sales achieved a combined total of $56.5 million, with top lots including Edgar Degas's *Danseuses sur la scène* ($1.14 million), Childe Hassam's *The Flower Seller* ($2.15 million), and Robert Delaunay's *Portrait de Jean Metzinger* ($2.03 million). The sales drew from notable collections such as those of Robert F. and Patricia G. Ross Weis, Carol and Terry Wall, and Arnold and Joan Saltzman, with strong bidding across American, Latin American, and European artists.

Christie’s Spring Marquee Week Totals $693 Million 123% Over Low Estimate - Christie's

Christie's Spring Marquee Week, held May 12–15, 2025 in New York, generated $693 million in total sales, exceeding the low estimate by 123% and surpassing the auction house's totals from both May and November 2024. The week featured six evening and day sales, led by the $272 million Leonard & Louise Riggio: Collected Works sale, with the top lot being Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) selling for $47.6 million. Marlene Dumas' *Miss January* set a new auction record for a living female artist at $13.6 million, and additional records were set for Simone Leigh, Emma McIntyre, Louis Fratino, Dorothea Tanning, and Remedios Varo. The overall sell-through rate was 88% by lot, with strong bidding across all price bands.

Art Collectors Bet on Known Quantities Amid Market Reset

The Impressionist and Modern art category became the most lucrative market segment in 2025, generating $4.7 billion in sales—a 29.5% increase from 2024—as collectors favored established names amid a cautious market. The $10-million-plus bracket surged 68.6% to $1.5 billion, while the number of lots sold hit a decade high of 122,213. Postwar and contemporary art ranked second with $4.1 billion, but its average price per lot dropped to a decade low of $23,027. Old Masters saw a 41.2% rise to $708.6 million, partly driven by the Thomas A. Saunders III collection at Sotheby’s, though that sale fell short of estimates. Ultra-contemporary art continued its four-year decline, falling 26.5% to $229.9 million, with average prices tumbling 72.4% from their 2021 peak.

Heffel’s autumn sales, including auction of art from collection of Canada’s oldest company, tally $22.1m

Heffel Fine Art Auction House held its marquee autumn sales in Toronto on November 19, featuring four auctions that included works from the collection of the Hudson's Bay Company, North America's oldest company, which declared bankruptcy earlier this year. The marathon series of sales also included a single-owner auction of the late collector Lillian Mayland McKimm's holdings and two multi-owner sales of Canadian, Impressionist, modern, post-war, and contemporary art. Over 16 artists' secondary market records were broken, with total sales reaching C$31 million ($22.1 million). Notable highlights included E.J. Hughes' 'Entrance to Howe Sound' selling for C$4.8 million, more than doubling his previous record, and Winston Churchill's painting 'Marrakech' fetching C$1.5 million.

New York’s ‘Chaotic’ Mega Auction Season Ends on a Mixed Note

New York’s mega auction season concluded with mixed results, characterized by volatility and unpredictability. Major auction houses like Christie’s, Sotheby’s, and Phillips held high-stakes sales of Impressionist, modern, and contemporary art, with some lots exceeding expectations while others failed to sell or fell short of estimates. The season was marked by a ‘chaotic’ atmosphere, reflecting shifting collector preferences and market uncertainty.

Art market trends 2025: Impressionist & Modern hit $4.7B, up 29.5%

According to the 2025 art market trends, Impressionist and Modern art generated $4.7 billion in auction sales, a 29.5% increase from 2024, overtaking Postwar and Contemporary art to become the year's largest auction segment. Meanwhile, Ultra-contemporary art continued its decline, and Old Masters gained ground, signaling a broader shift in collector behavior toward established, blue-chip works.