Art News. Vasari Codex

trending_up market schedule May 11, 2026 visibility 57 link 28 artists, 3 galleries

This month’s blockbuster auctions in New York could bring upwards of $2.5bn

This month's May auctions in New York are projected to generate between $1.8 billion and $2.6 billion across Christie’s, Sotheby’s, Phillips, and Bonhams. Major highlights include the estates of legendary dealers Marian Goodman and Robert Mnuchin, with top lots such as Gerhard Richter's *Kerze (Candle)* (est. $35m–$50m) at Christie's and Mark Rothko's *Brown and Blacks in Reds* (est. $70m–$100m) at Sotheby's. Additional offerings include works from the late S.I. Newhouse collection, featuring Jackson Pollock's *Number 7A* and Constantin Brâncuși's *Danaïde*, each estimated at $100m, as well as pieces from the collections of Agnes Gund and Marilyn Arison.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 19, 2025 visibility 31 link 23 artists, 4 galleries

paint drippings art industry news may 19

This week's art industry roundup covers major personnel changes at Phillips, with Cheyenne Westphal stepping down as global chairwoman and Jean-Paul Engelen departing for Acquavella Galleries, alongside promotions of Robert Manley and Miety Heiden. Auction results show mixed performance: Christie's Riggio collection brought $488.8 million, but Sotheby's and Phillips saw declines, while Marlene Dumas set a record for a living woman artist at Christie's. Other highlights include the launch of Derrick Adams' Scout Art Fair in Baltimore, Art Basel's inaugural awards, and the opening of Destinee Ross-Sutton's gallery in Stockholm.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 20, 2026 visibility 14 link 18 artists, 3 galleries

Sold-out Phillips auction in New York brings in $115.2m, more than double 2025 result

Phillips’s marquee spring auction in New York achieved a sold-out result, bringing in $91.73 million hammer ($115.2 million with fees), more than double the equivalent sale from a year ago. The top lot was Andy Warhol’s *Sixteen Jackies* (1964), which sold for $13.5 million ($16.2 million with fees), while a Jackson Pollock drip painting that had failed to sell in a previous auction found a buyer at $7.4 million. Fierce bidding occurred for contemporary works by artists with tightly controlled primary markets, such as Salman Toor, whose *Two Friends* (2020) surpassed its high estimate.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 20, 2026 visibility 15 link 24 artists, 1 gallery

Phillips’ $115.2 Million Evening Sale Was a Testament to the Power of Pre-Planning and Priority Bidding

Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.

newspaper observer.com open_in_new Read original

trending_up market schedule Sep 30, 2025 visibility 29 link 12 artists, 4 galleries

Phillips' Priority Bidding drives 100% sell-through at Hong Kong evening sale, totalling US$20.5m

Phillips achieved a 100% sell-through rate at its Modern and Contemporary Art Evening Sale in Hong Kong on 27 September, totaling nearly HK$160 million (US$20.5 million). All 20 lots sold, with six works exceeding HK$10 million. The top lot was Yoshitomo Nara's *Pinky* (2000), which sold for HK$56.64 million (US$7.2 million) after its estimate was lowered from HK$60–80 million to HK$35–55 million. The sale was the first major test of Phillips' new Priority Bidding (PB) system, which offers a reduced buyer's premium to collectors who place written bids at or above the low estimate at least 48 hours before the auction. Seven lots were withdrawn and several estimates revised downward ahead of the sale, contributing to the white-glove result.

newspaper TheValue.com open_in_new Read original

trending_up market schedule May 20, 2026 visibility 8 link 9 artists

How Did Phillips Pull Off a $115.2 Million ‘White Glove’ Sale? Here’s What the Numbers Say

Phillips achieved a $115.2 million 'white glove' evening sale in New York on Tuesday night, with 41 of 43 lots sold and a 100% sell-through rate after withdrawals. The auction more than doubled last year's $52 million total, led by Andy Warhol's *Sixteen Jackies* (1964) at $16.2 million. Only three records were set—for P.S. Krøyer, Pat Passlof, and Joseph Yaeger—but the sale's success was driven by third-party guarantees on 21 lots and newly launched priority bids.

newspaper Artnet News open_in_new Read original

trending_up market schedule May 19, 2025 visibility 20 link 3 artists, 1 gallery

phillips leadership changes 2025

Phillips announced a major leadership shakeup on Monday, with global chairwoman Cheyenne Westphal resigning after eight years. Robert Manley was named chairman of modern and contemporary art, and Miety Heiden was appointed chairman of private sales. Additionally, Jean-Paul Engelen, president for the Americas and worldwide co-head of modern and contemporary art, is leaving after over a decade to join Acquavella Galleries as a director. The changes follow a challenging marquee auction season, where the May evening sale matched its pre-sale estimate of $52 million but fell 40% below the previous year's $86 million haul.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 8, 2025 visibility 24 link 11 artists, 1 gallery

Marquee May auctions in New York come at a volatile moment

New York's marquee spring auctions, beginning May 12, are facing significant headwinds from President Donald Trump's second-term policies, particularly the 'Liberation Day' tariffs and resulting stock-market volatility. Phillips deputy chairman Robert Manley confirms at least one eight-figure work was pulled from sale due to tariffs. The combined Modern and contemporary auctions at Christie's, Sotheby's, and Phillips carry an estimated $1.1bn to $1.5bn in art—the lowest total estimate for spring sales since 2010, roughly $250m lower than May 2024. No nine-figure-estimate lots have been consigned, and the number of catalogued lots is the lowest since 2007 (excluding pandemic and recession years). Single-owner collections dominate, with Christie's securing the $200m Leonard and Louise Riggio collection, including a Piet Mondrian estimated at $50m, and works from Anne and Sid Bass. Sotheby's offers collections from dealers Daniella Luxembourg and others.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Nov 12, 2025 visibility 23 link 43 artists

This month’s New York auctions could bring up to $2.3bn

New York's leading auction houses, including Sotheby's and Christie's, expect to generate between $1.7bn and $2.3bn during their November sales, driven by major consignments such as 55 works from the estate of Leonard Lauder and 37 works from the collection of Jay and Cindy Pritzker. Sotheby's, which has moved its headquarters into the former Whitney Museum's Breuer Building, leads the season with estimated sales of $863m to $1.175bn, featuring Gustav Klimt's Portrait of Elisabeth Lederer (estimated at $150m) and Frida Kahlo's El Sueño (La Cama) (estimated at $40m-$60m).

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 14, 2025 visibility 27 link 21 artists, 2 galleries

Despite record-breaking results for four women artists, Phillips’s evening auction in New York sparks few fireworks

Phillips’s evening sale of modern and contemporary art in New York on May 13 achieved a total hammer price of $44.2 million ($52 million with fees), falling just below the low pre-sale estimate of $45.3 million. Four works were withdrawn before the sale, and five lots failed to sell. Despite the subdued overall results, the auction set new auction records for four women artists: Kiki Kogelnik, Ilana Savdie, James Turrell (Light and Space artist), and Grace Hartigan. Other strong performers included works by Yu Nishimura, Olga de Amaral, Barbara Hepworth, and Danielle McKinney. The top lot was Jean-Michel Basquiat’s *Untitled* (1984), formerly owned by David Bowie.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule May 19, 2025 visibility 18 link 3 artists, 1 gallery

Top Phillips rainmakers Cheyenne Westphal and Jean-Paul Engelen to leave auction house

Two top executives at Phillips auction house, global chairwoman Cheyenne Westphal and president of the Americas Jean-Paul Engelen, are stepping down. Westphal, who joined Phillips from Sotheby's in 2016 and has been called the most powerful woman in contemporary art, plans to start her own business working directly with private collectors and artists. Engelen is moving to Acquavella Galleries in New York. Their departures follow the resignation of executive chairman Ed Dolman in December and deputy CEO Amanda Lo Iacono at the end of last year, marking a significant leadership exodus.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Nov 21, 2025 visibility 18 link 10 artists

phillips evening sale 2025 stats

Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.

newspaper Artnet News open_in_new Read original

trending_up market schedule Nov 20, 2025 visibility 31 link 12 artists

phillips modern contemporary art auction report francis bacon

Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.

newspaper ARTnews open_in_new Read original

trending_up market schedule Jun 24, 2025 visibility 23 link 9 artists

phillips modern and contemporary art by the numbers

Phillips held its marquee May auction in New York, achieving $52 million in total sales, down from $86.3 million the previous year. The top lot was a Jean-Michel Basquiat work owned by David Bowie, which sold for $6.59 million. Four lots were withdrawn before the sale, five failed to sell, and the sell-through rate was 77.5 percent. Despite a low-energy room, five artist records were set, including four for women artists: Ilana Savdie, Olga de Amaral, Kiki Kogelnik, and Grace Hartigan, and one for James Turrell.

newspaper Artnet News open_in_new Read original

trending_up market schedule Jun 9, 2025 visibility 24 link 16 artists

new york sales underperform may 2025

Christie’s, Sotheby’s, and Phillips collectively fell short of their spring auction expectations, bringing in just over $1 billion in evening sales against estimates of $1.2 billion to $1.6 billion. The hammer total of $837.5 million was down from $1.4 billion in the same week last year and $1.8 billion in 2022, with a notable drop in high-priced works and fading interest in emerging artists. The top ten lots generated $278.6 million, a 63 percent decline from 2022, and only a handful of artists under 45 appeared in evening sales, compared to previous years.

newspaper ARTnews open_in_new Read original

trending_up market schedule May 20, 2026 visibility 10 link 13 artists, 1 gallery

Tutto venduto e il doppio del ricavo rispetto all’anno scorso. A New York fa boom anche l’asta di Phillips

Phillips held its Modern & Contemporary Art Evening Sale in New York on May 19, 2026, achieving a complete sell-out with a total of $115.2 million. All 41 lots were sold, doubling the result from May 2025 ($52 million). Top lots included Andy Warhol's *Sixteen Jackies* ($16.2 million), Claude Monet's *La Route de Vétheuil, effet de neige* ($9.9 million), and Jackson Pollock's *Untitled* (1948) ($9.2 million). New auction records were set for Lee Bontecou, Pat Passlof, P.S. Krøyer, and Joseph Yaeger, while works by Salman Toor and Cecily Brown also sold above estimates.

newspaper Artribune open_in_new Read original

trending_up market schedule May 20, 2026 source 2 sources visibility 13 link 13 artists

Phillips’ Evening Sale of Modern & Contemporary Art More than Doubles Auction Total from the Previous Year

Phillips’ Evening Sale of Modern & Contemporary Art achieved a total that more than doubled the previous year's auction result, driven by strong demand for works spanning the 19th to 21st centuries. The sale opened with three lots exceeding their high estimates, including record prices for Lee Bontecou's rare 'Untitled' (1985-2001), which set a new record for any two-dimensional work by the artist after nearly five minutes of bidding. Other records were set for Pat Passlof, P.S. Krøyer, and Joseph Yaeger. Top lots included Andy Warhol's 'Sixteen Jackies' ($16.2 million), Claude Monet's 'La Route de Vétheuil, effet de neige' ($9.9 million), and Jackson Pollock's 'Untitled' ($9.2 million). The sale also featured works from The Collection of Ambassador John L. Loeb, Jr., which achieved a combined $8.4 million, with two Vilhelm Hammershøi works acquired by prominent institutions.

newspaper ArtDependence open_in_new Read original