top 200 collectors 2025 issue editor letter

The editor's letter for the 2025 ARTnews Top 200 Collectors issue recounts a cinematic moment at Art Week Riyadh in Saudi Arabia, where a government-affiliated collector described their role as "everyone and no one," reflecting the behind-the-scenes, museum-focused art acquisitions under Vision 2030. The issue features a report by Melissa Gronlund on the Gulf art scene, noting that Saudi Arabia is prioritizing museums and noncommercial programming before an independent market can emerge, while private collectors and foundations are also gaining ground. The article also highlights the cooling art market in Europe and the US, with collector Christen Sveaas criticizing blue-chip galleries for over-commercial pricing strategies.

li hei di market analysis

Li Hei Di, a young Chinese-born painter based in London, has emerged as one of the most closely watched artists in the ultra-contemporary market despite its recent downturn. Since joining Pace Gallery in September 2024 as its youngest artist, Li's works have appeared at auction 12 times, with eight sales in Hong Kong. Nearly every lot has exceeded expectations, often doubling or tripling high estimates. A standout was the painting *There Was One Summer Returning Over and Over; There Was One Dawn I Grew Old Watching* (2023), which sold at Sotheby's Hong Kong for HK$2.67 million—more than double its high estimate—setting a new auction record. Auction specialists and dealers emphasize that Li's market reflects a slow, sustained buildup rather than a speculative spike, with bidding and buying activity spanning Asia, Europe, and the United States.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

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.

art basel qatar 2026 sales report art market

Art Basel Qatar concluded its first edition with strong attendance and sales, signaling Doha's emergence as a significant art market hub. The fair attracted over 17,000 visitors, with nearly half of the private collectors coming from the MENASA region, and saw institutional placements and steady sales across various price points. Notable sales included works by Lucy Bull, Issy Wood, Nari Ward, and Ahmed Mater.

art gallery of ontario major gift

The late Toronto collectors Morton and Carol Rapp have donated over 450 artworks by 203 artists to the Art Gallery of Ontario (AGO) from their estates. The gift includes major Pop art works: 13 screen prints by Andy Warhol, including four Marilyn Monroe portraits (1967); works by Robert Rauschenberg, Jasper Johns, Claes Oldenburg (including the sculptural print 'Teabag' from 1966), David Hockney, and Roy Lichtenstein; plus Barnett Newman's 1964 lithograph 'CANTO XVIII', marking the Abstract Expressionist's debut in the collection. The donation also features photography by Yinka Shonibare and Kara Walker. The couple, who began supporting the AGO in 1966, had previously donated 474 works, bringing their total contribution to nearly 1,000 pieces.

warhol muhammad ali 18 million art basel miami beach sale

Lévy Gorvy Dayan sold Andy Warhol's 'Muhammad Ali' (1977) for $18 million during the VIP preview of Art Basel Miami Beach. The painting, autographed by Ali and formerly owned by Richard L. Weisman, was displayed just a few hundred feet from the Miami Beach Convention Center, where Ali defeated Sonny Liston in 1964. The consignment was kept secret until ten days before the fair, and the work drew crowds of buyers and admirers, including Ali's sons and figures connected to Warhol's 'Athletes' series.

‘Christmas came early’: Art Basel Miami Beach opens with avalanche of blue-chip sales

Art Basel Miami Beach opened its 23rd edition with a surge of blue-chip sales, signaling renewed market confidence. Major galleries reported strong early results: David Zwirner sold a Gerhard Richter painting for $5.5m and an Alice Neel for $3.3m; Hauser & Wirth saw sales 40% higher than last year, including a George Condo for nearly $4m and a Louise Bourgeois for $3.2m. Other notable sales included works by Alex Katz, Pablo Picasso, Sam Gilliam, and Robert Rauschenberg, with 283 galleries participating at the Miami Beach Convention Center.

Discover 10 Highlights from Art Basel Paris 2025

Art Basel Paris 2025, now in its fourth edition, took place from October 22–26 at the restored 1900 Paris Exposition venue, a Beaux-Arts landmark with Art Nouveau iron and glasswork. The fair hosted 206 international galleries and introduced a new 'Avant-Première' V.V.I.P. day on October 21, where each gallery could allocate six guest passes. Blue-chip sales were swift, led by Hauser & Wirth selling Gerhard Richter's *Abstraktes Bild* (1987) for $23 million to a European collector. Other notable sales included Bruce Nauman's neon sculpture *Masturbating Man* for over $4.7 million and Amedeo Modigliani's *Jeune fille aux macarons* (1918) for $10 million at Pace Gallery. The fair also featured curatorial sectors Emergence (16 solo presentations by emerging artists) and Premise (ten historical projects with works predating 1900).

Frieze VIP day defined by dealers’ resilience

Frieze New York's VIP opening on Wednesday saw strong attendance despite economic uncertainty following President Donald Trump's April 2 tariff announcement, which caused stock market volatility. Gallerists reported early sales driven by institutional buyers, with works by Tuan Andrew Nguyen, Rashid Johnson, Lorna Simpson, Claire Tabouret, and WangShui finding homes at museums including the Moderna Museet, Dallas Museum of Art, and Heredium Museum. Notable sales included Jeff Koons's Hulk (Tubas) for over $3 million at Gagosian and a solo stand sellout for Claire Tabouret at Perrotin.

Old Masters Records: Gentileschi, Michelangelo, Rembrandt

old masters records gentileschi michelangelo rembrandt

Old Masters Week in New York saw a resurgence in the sector, highlighted by the Italian Ministry of Culture's $14.9 million private acquisition of a rare two-sided panel by Antonello da Messina from Sotheby’s. The week featured high-profile sales at both Sotheby’s and Christie’s, resulting in new auction records for major figures including Artemisia Gentileschi and Michelangelo, as well as a record price for a Rembrandt drawing. The success was attributed to a high level of museum participation and more realistic pricing strategies compared to previous seasons.

Botticelli Painting Banned from Export Will Stay in the UK

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), previously placed under an export ban to keep it in the UK, has been acquired by the Klesch Collection. The work, valued at £10.2 million, will remain in England through a three-year loan to the Ashmolean Museum at the University of Oxford. The painting was bought in 1904 by Harriet Sarah Jones Loyd (Lady Wantage) from Italian dealer Elia Volpi, who had acquired it from the Magherini Graziani family.

Botticelli under UK export ban purchased by Klesch Collection

A Botticelli painting, *The Virgin and Child Enthroned* (1470s), valued at £10.2 million, has been purchased by the Klesch Collection, a British private collection, after the UK government placed an export bar on the work in May 2025. The painting, which sold at Sotheby’s London in late 2024 for £9.7 million, will be loaned to the Ashmolean Museum in Oxford for three years, ensuring it remains in the UK.

berkeley art museum women artists gift

The Berkeley Art Museum and Pacific Film Archive (BAMPFA) has secured a major promised gift of over 150 modern and contemporary artworks from collectors Penny Cooper and Rena Rosenwasser. This significant bequest focuses exclusively on women artists, featuring works by major figures such as Louise Bourgeois, Julie Mehretu, and Kara Walker. To celebrate the acquisition, the museum is launching "Rhapsody: Works from the Cooper Rosenwasser Collection," an exhibition showcasing 65 pieces that trace the impact of second-wave feminism on artistic production.

carolyn bessette kennedy fashion auctioneer wardrobe sale

Signature items from Carolyn Bessette Kennedy's personal wardrobe are being sold at auction by the Fashion Auctioneer. The sale includes four key pieces gifted to her friend Rosemarie Terenzio, such as three cherished Prada coats and a Yohji Yamamoto dress, with estimates reaching up to $30,000. The auction is supplemented by dozens of vintage items from a private collector, some of which were used as wardrobe for the new FX television series 'Love Story,' which dramatizes the couple's relationship.

thomas kaplan rembrandt lion drawing sothebys sale

Rembrandt van Rijn's drawing *Young Lion Resting* (ca. 1638–42) sold for a record $17.9 million at Sotheby's New York on Wednesday, the highest price ever paid for a drawing by the Dutch master. The work, which toured Paris, Abu Dhabi, Tokyo, and New York before the sale, was offered from the Leiden Collection, the renowned private trove of 17th-century Dutch Golden Age art assembled by Thomas Kaplan and his wife Daphne. All proceeds from the sale will benefit Panthera, the wild cat conservation charity co-founded by Kaplan and Jon Ayers.

paula modersohn becker degenerate doubles auction record

A 1906 self-portrait by German modernist Paula Modersohn-Becker, titled *Selbstbildnis nach halblinks (Self-Portrait Looking Slightly Left)*, sold for €1.3 million ($1.5 million) at Berlin's Grisebach auction house on Thursday—more than quintupling its low estimate and more than doubling the artist's previous auction record. The work was acquired by an unnamed European private collector. The painting had previously been seized by the Nazis as "degenerate" art from the St. Annen Museum in Lübeck and was later acquired by the collector Bauer, who aimed to rehabilitate persecuted artists.

frida kahlo el sueno sothebys auction

Frida Kahlo's painting *El sueño (La cama)* (1940) sold at Sotheby's New York for $54.7 million on Thursday night, setting a new auction record for any artwork by a female artist. The sale, which lasted under five minutes, exceeded the previous record held by Georgia O'Keeffe's *Jimson Weed/White Flower No. 1* ($44.4 million in 2014). The painting was backed by an irrevocable bid and came from the collection of Selma Ertegun, offered as part of a Surrealist group titled "Exquisite Corpus." Anna Di Stasi, Sotheby's head of Latin American art, placed the winning bid on behalf of a client.

qatar owns courbet self portrait

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.

sothebys matthew carolyn bucksbaum magritte jean dubuffett

Sotheby's will sell ten works from the Matthew and Carolyn Bucksbaum collection in its fall auctions, with six pieces by René Magritte, Jean Dubuffet, Salvador Dalí, Joan Miró, and Paul Klee featured in the Modern Evening auction on November 20. The group of six works carries a total estimate of $18 million to $24 million, led by Magritte's *Le Jockey perdu* (1942) at $9–12 million and Dubuffet's *Restaurant Rougeot II* (1961) at $6–8 million. Sotheby's executives Julian Dawes and Grégoire Billault emphasized the rarity and importance of these works, noting that the Magritte is the only oil version of its subject and the Dubuffet is one of just three paintings of the iconic Paris restaurant.

leiden collection fractionalized thomas kaplan rembrandt

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.

sothebys london to sell greatest collection of surrealism to emerge in recent history in september

Sotheby's London will auction the collection of British socialite, collector, and arts patron Pauline Karpidas on September 17 and 18. Described as the 'greatest collection of Surrealism to emerge in recent history,' it includes masterpieces by René Magritte, Salvador Dalí, Leonora Carrington, and Max Ernst, along with works by Andy Warhol, Pablo Picasso, and others. The sale is expected to fetch £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's in Europe. Karpidas, who began collecting 50 years ago after meeting gallerist Alexander Iolas, views herself as a 'temporary custodian' for the artworks.

indian modernist tyeb mehtas market is soaring how high will it go

Tyeb Mehta's auction market has surged in 2025, with two record-breaking sales in April alone. Saffronart sold his 1956 painting *Trussed Bull* for $7.2 million, the highest price ever for the artist, followed by AstaGuru's sale of *Untitled (Diagonal)* (1973) for $6.8 million. Mehta produced only around 200 canvases in his lifetime, and most key works are held by institutions and private collectors, making major acquisitions rare and competitive. The article analyzes his market performance, including a 100% sell-through rate across seven lots in 2025, totaling $15.3 million.

turner rediscovered masterpiece auction

A rediscovered oil painting by J.M.W. Turner, titled *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, sold for £1.9 million ($2.6 million) at Sotheby’s Old Masters and 19th Century Paintings evening auction in London—more than six times its high estimate. The work, painted in 1792 when Turner was 17, had been misattributed and sold for just $506 at a Dreweatts auction the previous year. After cleaning revealed Turner’s signature, scholars confirmed its authenticity, and it was identified as Turner’s first publicly exhibited oil painting, exhibited at the Royal Academy in 1793. The winning bidder was a private collector in the U.K., outbidding Bristol Museum and Art Gallery, which had raised over £100,000 from donors in a failed attempt to acquire the work.

museum launches public appeal to buy rare barbara hepworth sculpture

The Hepworth Wakefield museum, supported by the Art Fund, has launched a public appeal to raise £3.8 million ($5 million) to acquire Barbara Hepworth's rare 1943 sculpture *Sculpture with Colour (Oval Form) Pale Blue and Red*. The work was purchased by a private collector at Christie's London in March 2024 for the same amount, but the UK government imposed a temporary export ban in December 2024, citing its outstanding historical and aesthetic significance. The museum has until August 27 to raise the remaining £2.9 million; the Art Fund has already contributed £750,000. If the goal is not met, the collector may export the piece.

william dobson acquisition

A rare self-portrait by 17th-century British painter William Dobson has been jointly acquired by London's Tate and the National Portrait Gallery for £2.37 million ($3.2 million), setting a new record for the artist. The painting, considered the first known self-portrait by a British-born painter, was created in the late 1630s and last sold at Bonhams London in 2016 for just over £1.1 million. It will go on view in London before embarking on a national tour in 2026.

georges lemmen record auction

Belgian Neo-Impressionist Georges Lemmen's painting *Jeune femme faisant du crochet (Julie Lemmen)* (1890) sold for $698,500 at Sotheby's New York on May 14, shattering its $50,000–$70,000 estimate and more than doubling the artist's previous auction record. The Pointillist portrait of the artist's sister, Julie Fréderique Lemmen, had been in a private Florida collection since 1960 and was consigned through Sotheby's online portal. The sale drew over a dozen bidders, including a museum, two dealers, and five private collectors, and was backed by an irrevocable bid.

heffel spring auction 2025 highlights art sale

Toronto-based Heffel Fine Art Auction House will host its Spring Auction on May 22, 2025, featuring a two-part sale: the Postwar and Contemporary Art sale at 5 p.m. EST, followed by the Canadian, Impressionist, and Modern Art sale at 7 p.m. EST. The auction highlights Canadian art from the past century, including works by Group of Seven members like Lawren Harris and Tom Thomson, as well as Refus Global artist Jean-Paul Riopelle. Notable lots include Harris's *Northern Lake* (1926) estimated at $2–3 million CAD, Riopelle's *Sans titre* (1952) with estimate upon request, and Thomson's *Autumn, Algonquin Park* (1914) estimated at $1–1.2 million CAD.

met receives photography collection walter artur

The Metropolitan Museum of Art has received a promised gift of more than 6,500 photographic works from German American collector Artur Walther and the Walther Family Foundation. The collection spans 19th-century vernacular photography to contemporary video, with strengths in African studio photography, German post-war photography, Chinese conceptual art, and early vernacular images. Artists represented include Malick Sidibé, Zanele Muholi, Ai Weiwei, Thomas Struth, and Bernd and Hilla Becher. A selection will debut when the Michael C. Rockefeller Wing reopens this month, with further displays planned for the Oscar L. Tang and H.M. Agnes Hsu-Tang Wing opening in 2030.

emily fisher landau picasso sothebys

Pablo Picasso's 1932 painting *Femme à la montre*, depicting his lover Marie-Thérèse Walter, sold for $139.4 million (including fees) at Sotheby's New York during the highly anticipated Emily Fisher Landau sale. The work, estimated at $120 million, was the centerpiece of the auction, with bidding starting at $95 million and concluding after a two-minute standoff among three phone bidders, including one from Asia. Brooke Lampley, Sotheby's head of global fine art, secured the winning bid on behalf of a client. The sale was handled by Sotheby's, which won the right to auction the estate of Landau, a longtime Whitney Museum board member and private collector.