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photo london photography market sales 1234742458

The tenth edition of Photo London opened at Somerset House, marking a decade of growth for the UK's largest photography fair. The fair, running through May 18, has become a key event for the photography market, which has shown resilience despite broader art market declines. While global auction sales for photography dropped 5.6% in 2024 to $59 million, this was far less severe than the 27% overall art market decline, and sales volumes remained near record highs. New director Sophie Parker and cofounder Michael Benson highlighted growing interest from young collectors, though challenges remain as established galleries face an aging collector base and market uncertainty.

$102 Million Verdict Over Robert Indiana Artwork May End Years-Long Legal Battle

A Manhattan federal jury awarded $102 million in damages to the Morgan Art Foundation in its lawsuit against art publisher Michael McKenzie, finding him guilty of making and selling unauthorized Robert Indiana artworks. The verdict, delivered on April 23, follows a complex legal battle that began just before Indiana's death in 2018, involving accusations of exploitation, fraud, and copyright infringement. McKenzie and caretaker Jamie Thomas were also accused of taking advantage of the elderly artist. The case has cast doubt on the authenticity of some late Indiana works and affected his market, with his auction record remaining at just over $4 million since 2011.

gen z art collecting continuum 2025 1234758630

The Art Basel & UBS Survey of Global Collecting 2025 reveals that Gen Z collectors are reshaping the art market by treating art, sneakers, digital assets, and luxury goods as a single continuum of collectibles. Gen Z allocates 26% of their total wealth to art and collectibles—the highest of any generation—and spends 56% of that on non-traditional items like limited-edition sneakers, handbags, and digital artworks. Digital art ownership has rebounded sharply, with 23% of collectors planning to buy digital works, up from 19% in 2024, and Gen Z shows the strongest appetite for sculpture.

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

Inside ‘Prince of Prints’ Jordan Schnitzer’s Sprawling Collection

Jordan Schnitzer, the Portland-based philanthropist often called the 'Prince of Prints,' recently provided a rare tour of his massive 50,000-square-foot art warehouse. The facility utilizes a sophisticated 'floating bin' logistics system, similar to those used by major retailers, to manage over 22,000 works, including extensive holdings by Andy Warhol, Joseph Beuys, and Richard Prince. Schnitzer’s foundation operates as a lending library, frequently shipping works to museums and hosting educational tours for students from districts where arts funding has been eliminated.

qatar owns courbet self portrait 1234757129

Qatar has revealed that it is the owner of Gustave Courbet's famed self-portrait *Le Désespéré* (The Desperate Man, 1843–45), which has gone on view at the Musée d'Orsay in Paris for the first time in 17 years. The painting, previously listed as being on loan from an unknown private collector, was acquired by Qatar Museums, a state body that oversees the nation's art scene. Sheikha Al-Mayassa bint Hamad bin Khalifa Al Thani, head of Qatar Museums, acknowledged the ownership during a tribute at the Musée d'Orsay, noting that the work will be on long-term loan there for five years before moving to the future Art Mill Museum in Doha, set to open in 2030.

frieze abu dhabi fair announced 1234756413

Frieze, the London-based art fair organizer, announced it will launch Frieze Abu Dhabi in November 2026, partnering with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). The new fair will replace the existing Abu Dhabi Art fair, which has run since 2007, and will take place at Manarat Al Saadiyat in the Saadiyat Cultural District. The announcement follows Frieze's recent acquisition by Mari, a company founded by Ari Emanuel, and comes amid a wave of international art fair expansions in the Gulf region, including Art Basel's new fair in Doha.

leiden collection fractionalized thomas kaplan rembrandt 1234753075

Billionaire investor Thomas S. Kaplan, owner of the Leiden Collection—the largest private holding of Rembrandt paintings and other Dutch/Flemish Old Masters—has announced plans to fractionalize his art holdings, potentially offering shares on a public stock exchange. In an interview with the Art Newspaper, Kaplan cited his children's lack of interest in the collection and a desire to democratize art ownership, inspired by the NFT craze of the early 2020s. The collection includes Vermeer's *Young Woman Seated at a Virginal* (ca. 1670–75) and works by Frans Hals, Gerard ter Borch, and others, and is regularly loaned to major museum exhibitions.

ken griffin jackson pollocks blue poles australian museum 1234751615

Mega-collector Ken Griffin revealed in a July interview with Stanford Business School Insights that his favorite artwork is Jackson Pollock's 'Blue Poles' (Number 11, 1952), currently owned by the National Gallery of Australia in Canberra. Griffin admitted he once offered the museum several hundred million dollars to buy the painting, but the Australians refused to sell. The interview, which went largely unnoticed by the art press, also features a playful exchange with the Australian interviewer, Michael Liu, who gloats that the painting remains in his home country.

people inc claes oldenburg coosje van bruggen plantoir sculpture 1234749873

People Inc., the media company formerly known as Dotdash Meredith, sold the 23-foot-tall sculpture *Plantoir* (2001) by Claes Oldenburg and Coosje van Bruggen on August 22. The bright-red garden trowel sculpture, recognized as the World’s Largest Garden Trowel Sculpture, had been a landmark on the former Meredith Corp. campus in Des Moines, Iowa, since 2002. The buyer, sale price, and new location were not disclosed, though the company stated the piece was offered to local organizations before being sold to an out-of-state buyer. The sculpture is expected to be moved by the end of September.

Lalanne mirrors owned by Yves Saint Laurent and a classic Diane Arbus photo: our pick of the April auctions

Major auction houses are preparing for a series of high-profile sales in April, headlined by a suite of fifteen gilt-bronze mirrors by Claude Lalanne. Originally commissioned for the Paris apartment of fashion icon Yves Saint Laurent and Pierre Bergé, the mirrors are expected to fetch between $10m and $15m at Sotheby’s. Other notable lots include a rare Diane Arbus photograph from the collection of Lily Tomlin and Jane Wagner, a pastoral landscape by Russian artist Konstantin Somov, and a centuries-old drawing based on Albrecht Dürer’s famous rhinoceros woodcut.

Understanding Nifty Gateway’s demise is paramount for NFTs’ fans and critics alike

Nifty Gateway, a once-prominent curated NFT marketplace, has announced its closure after failing to achieve its ambitious goal of converting one billion people into NFT owners. The platform, which initially succeeded by focusing on digital art sales, leveraged social media metrics like Instagram popularity to select artists such as Kenny Scharf, Filip Hodas, and FVCKRENDER, favoring a pop-centric, visually digestible aesthetic.

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

ari emanuel frieze la sales 2747230

Billionaire Ari Emanuel, whose company Endeavor recently acquired the Frieze art fairs, kicked off the VIP opening of Frieze Los Angeles by acquiring three works by 86-year-old Black quiltmaker Yvonne Wells. Emanuel entered the Santa Monica Airport venue ahead of the general VIP crowd, purchasing textile portraits of Michael Jackson, Marilyn Monroe, and Elvis Presley from New York gallery Fort Gansevoort. The transaction, facilitated by Emanuel's long-time advisor Jeffrey Deitch, set a high-energy tone for an opening day that saw brisk sales, including a $3.75 million Ed Ruscha painting at Gagosian.

rediscovered sofonisba anguissola portrait winter show 2740681

A rediscovered 16th-century portrait by Sofonisba Anguissola, titled *Portrait of a Canon Regular* (1552), is being shown at the Winter Show at the Park Avenue Armory in New York. The painting was found in a private collection in Durham, North Carolina, after being known only through an old black-and-white photo at the Frick Art Reference Library. Old Master dealer Robert Simon is acting as the owners' agent, and the work is priced at $450,000.

norman rockwell president white house paintings auction 2 2704973

A four-panel suite of paintings by Norman Rockwell, titled *So You Want to See The President!* (1943), sold for $7.2 million at Heritage Auctions on November 14. The work, which hung in the White House for decades, was bought by the White House Historical Association, marking its most expensive acquisition to date. The sale followed a bitter ownership dispute among descendants of the original commissioner, President Franklin D. Roosevelt's press secretary Stephen T. Early, with a federal judge ruling in favor of the current owner, William Elam, in 2023.

sothebys offer 50m lichtensten 280071

Sotheby's has announced the consignment of Roy Lichtenstein's painting *The Ring (Engagement)* (1962) for its May 12 spring contemporary evening sale in New York, with an estimated price of around $50 million. The work, one of the largest from Lichtenstein's iconic 1961–1964 comic-book-inspired series, has had only two owners in its 53-year history, most recently from the collection of Chicago philanthropist Stefan Edlis, who acquired it at Sotheby's in 1997 for $2.2 million.

ashmolean museum acquires fra angelico painting 2566049

The Ashmolean Museum in Oxford has raised $4.48 million ($5.8 million) to acquire Fra Angelico's early Renaissance painting "The Crucifixion with the Virgin, Saint John the Evangelist, and the Magdalen" (1420s). The work had been in a private British collection for two centuries and was nearly sold to a foreign buyer until the U.K. government imposed an export deferral in January 2024, giving time for a domestic buyer to step in. The acquisition was completed via a private treaty sale at a discounted price, funded by over 50 donors including chairman Lord Lupton, the National Heritage Memorial Fund, Art Fund, and the Headley Trust.

the national portrait gallery getty museum jointly acquire joshua reynolds portrait of omai 2278884

The National Portrait Gallery in London and the J. Paul Getty Museum in Los Angeles have jointly acquired Joshua Reynolds's 1776 painting *Portrait of Omai* for an estimated £50 million ($62 million). This marks the first time museums in the UK and US have partnered on a single acquisition, with each institution paying half and sharing ownership of the artwork, which will be displayed alternately in both countries. The painting depicts Mai (Omai), a young Tahitian man who visited Britain in 1774 with explorer James Cook, and had never before been held in a museum collection.

Epstein files reveal Leon Black as a key collector of Van Gogh works

Newly released documents from the Jeffrey Epstein case reveal that billionaire investor and former Museum of Modern Art chairman Leon Black was a major private collector of works by Vincent van Gogh. The files detail his ownership of at least five significant Van Gogh pieces, including the painting 'Quarry near Saint-Rémy' and the drawing 'Garden with Flowers,' with a combined value exceeding $95 million by 2016.

Revealed: Picasso’s granddaughter owned a Van Gogh—which she sold at Sotheby’s

Marina Picasso, granddaughter of Pablo Picasso, owned a Vincent van Gogh watercolor titled *Woman in a Wood* (September-October 1882), which she sold at Sotheby’s in New York on May 13 for $952,500. The work, which also features a sketch of a fishing boat on its reverse, was purchased by Marina in 1987 through Swiss dealer Jan Krugier from a Tehran-based collector. The sale was not publicly known until just before the auction. The article also notes that a separate Van Gogh oil painting, *In the Dunes* (September 1883), sold at Christie’s the previous day for $4 million from the collection of US businessman Jeffrey P. Draime.

Rare Complete Triceratops Skeleton Snags $5.5 Million at Auction

A 66-million-year-old Triceratops skeleton, nicknamed Trey, sold for $5.55 million at the online auction platform Joopiter. The fossil, excavated in 1993, had been on continuous public display at the Wyoming Dinosaur Center for three decades and represents the first dinosaur skeleton sold by Joopiter, a platform founded by Pharrell Williams.

A Parisian Man Just Won a $1 Million Picasso Painting with a $117 Raffle Ticket

Ari Hodara, a 58-year-old engineer from Paris, has won a Pablo Picasso painting valued at approximately $1 million after purchasing a raffle ticket for just 100 euros. The artwork, a 1941 gouache-on-paper titled "Head of a Woman," depicts the artist's muse Dora Maar and was provided by Opera Gallery. The raffle sold 120,000 tickets globally, successfully raising significant funds for charity.

sperone westwater court filings 2735301

Sperone Westwater, a 50-year-old New York gallery, closed on January 1, 2026, amid a legal dispute between its co-founders Gian Enzo Sperone and Angela Westwater. Court filings reveal Sperone accuses Westwater of mismanagement, including using the gallery's Norman Foster-designed building on the Bowery to subsidize unprofitable operations, while Westwater counters that Sperone has been largely absent since 2016 and is attempting to extract maximum financial benefit. The corporation's two directors are deadlocked, and a receiver may be appointed to oversee dissolution, including sale of the building and distribution of assets.

by the numbers christies 20th century sale totals modest 217 million 2643857

Christie’s held a doubleheader evening sale on May 12, 2025, featuring its regular 20th-century art auction and the Riggio collection. The various-owners sale achieved $216.9 million in total sales after fees, a 52% decline from the $413 million equivalent sale the previous year. The top lot was Claude Monet’s *Peupliers au bord de l’Epte, crépuscule* (1891), which sold for $42.9 million with fees. The sale had a 94% sell-through rate, with 34 of 36 lots sold and none bought in. Notable moments included a new auction record for Dorothea Tanning at $2.3 million and a strong result for Remedios Varo’s *Revelación* (1955) at $6.22 million.

justin sun responds david geffen counter response giacometti 2642004

Hong Kong crypto entrepreneur and art collector Justin Sun has filed a new 100-page legal response in his ongoing lawsuit against megacollector David Geffen over Alberto Giacometti's sculpture *Le Nez* (1949/1965). Sun claims his employee Xiong Zihan Sydney stole the $78.4 million artwork—which he bought at Sotheby's New York in 2021—and sold it to Geffen without his knowledge. Geffen counters that Sun is experiencing "seller's remorse" and that the lawsuit is a sham. Sun's latest filing alleges that Geffen paid $2 million "under the table" to dealers David and Cole Tunkl to secure the piece, and reveals that Xiong has been detained in China since February at the Dezhou Detention Center.

frieze sells to hollywood kingpin ari emanuel in 200 million deal 2638475

Frieze, the art fair and media company, has been sold to Ari Emanuel, the former CEO of Endeavor, in a deal valued at around $200 million. The acquisition, reported by the Financial Times, covers Frieze's seven global fairs, its magazine, and its London exhibition space, No. 9 Cork Street. Emanuel, who stepped down as Endeavor CEO in March following the $25 billion acquisition of the conglomerate by Silver Lake, will own Frieze through a new company backed by a consortium of investors. Simon Fox will remain CEO, and the deal is expected to close in the third quarter of 2025.

cryptopunks bored ape yacht club yuga labs digital art nonprofit 1234742059

The Infinite Node Foundation, a new nonprofit focused on digital art conservation founded by venture capitalist Meyer 'Micky' Malka and Becky Kleiner, has acquired the full intellectual property rights to CryptoPunks from Yuga Labs. The purchase price is reported to be around $20 million. CryptoPunks, created in 2017 by Matt Hall and John Watkinson, is one of the earliest and most famous NFT collections, credited with sparking the 2021 NFT craze. Yuga Labs, the parent company of Bored Ape Yacht Club, had bought the rights in 2022 for an undisclosed sum. The foundation's advisory board includes Web3 figures such as Yuga Labs co-founder Wylie Aronow and Art Blocks founder Erick Calderon.

gustav klimt blumenwiese blooming meadow lauder sale 1234762091

Gustav Klimt's 1908 landscape painting *Blumenwiese* (Blooming Meadow) sold for $86 million at Sotheby's, slightly above its $80 million-plus estimate. The work was part of the Leonard A. Lauder Collection, a major consignment also featuring pieces by Matisse, Munch, and Martin. Lauder had acquired the painting in 1985, drawn to Viennese modernism and Klimt's Attersee period. The sale marks the second-highest price ever for a Klimt landscape, trailing the $104.5 million record set by *Birch Forest* in 2022.

emerging risks art collecting insure against 1234755776

Private Client Select (PCS), an insurance partner for serious art collectors, highlights the growing complexity of protecting fine art and collectibles. The article details unusual but real claims—such as a conceptual artwork mistaken for trash, a fiber work unraveled by a cat, or a sculpture damaged by a housekeeper—alongside more common risks like climate damage, transit mishaps, and theft. PCS's Art Services team, led by Senior Vice President Muys Snijders, offers proactive risk management, coordinating conservators, appraisers, and storage solutions. Emerging threats include climate change (wildfires, floods), social media exposure, financial complexities (tariffs, collateral lending), and material degradation of contemporary works using nontraditional materials.