The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

‘The story can be almost as important as the piece itself’: philanthropist Christian Levett on his approach to collecting

Philanthropist and collector Christian Levett, who opened the Mougins Museum of Classical Art in 2011 in southern France, closed that institution in 2023 and replaced it with Female Artists of the Mougins Museum, reflecting his growing focus on abstraction by women artists. Levett, a former investment manager, now owns around 1,700 works spanning antiquity to contemporary art, with significant holdings in post-war American art, African cutting-edge works, and the Zero movement. He recently bought Françoise Gilot's 1942 painting 'Geneviève Pensive' privately through Christie's and will speak at Tefaf Talks in New York on a panel titled 'Collecting with a Mission for Public Access.'

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.

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.

Manhattan's Neue Galerie to Merge With Met Museum

Cosmetics billionaire Ronald Lauder's Neue Galerie, a private museum on Manhattan's Fifth Avenue known for its collection of Austrian and German art, will merge with the Metropolitan Museum of Art. The merger takes effect in 2028, with the Neue Galerie retaining its physical space and staff. The announcement was made by The Met on May 14. The museum's star attraction is Gustav Klimt's "Portrait of Adele Bloch-Bauer I" (1907), and it also holds works by Egon Schiele, Oskar Kokoschka, and others. Lauder co-founded the Neue Galerie with dealer Serge Sabarsky in 2001. As part of the merger, Lauder and his daughter Aerin Lauder Zinterhofer will donate 13 additional paintings from their personal collection and make an undisclosed endowment gift.

New York’s Neue Galerie to Merge with Metropolitan Museum of Art in Major Expansion

The Neue Galerie, a private museum on New York's Upper East Side founded by collector Ronald S. Lauder, will merge with the Metropolitan Museum of Art in 2028. The institution will be renamed the Met Ronald S. Lauder Neue Galerie, or Met Neue for short. Lauder and his daughter Aerin Lauder Zinterhofer will contribute funds toward a $200 million endowment, along with 13 works from their collection, including a prized Gustav Klimt and paintings by German Expressionists. The Met plans to exhibit some holdings at its Fifth Avenue base, but Klimt's "Portrait of Adele Bloch-Bauer I" will remain at the townhouse.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

Metropolitan Museum und Neue Galerie in New York fusionieren

The Metropolitan Museum of Art and the Neue Galerie in New York are merging. Starting in 2028, the Neue Galerie will operate as a satellite of the Met, renamed "The Met Ronald S. Lauder Neue Galerie." Founded in 2001 by cosmetics entrepreneur and art collector Ronald Lauder, the Neue Galerie houses a renowned collection of German and Austrian art, including Gustav Klimt's "Adele Bloch-Bauer I." Met director Max Hollein announced the merger, which also includes a donation of 13 works from Lauder and his daughter Aerin, plus an endowment for ongoing operations.

Sotheby’s Pulls In $303.9 M. in a Solid but Subdued Modern Evening Sale Led by $48 M. Matisse

Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.

Sotheby’s Hauls In $304 Million at Modern Art Auction, as Market Momentum Continues

Sotheby’s achieved $303.9 million in its modern art auction in New York, led by Henri Matisse’s *La Chaise Lorraine* (circa 1919) at $48.4 million and Pablo Picasso’s *Arlequin (Buste)* at $42.6 million. The sale included an auction record for a painted bottle, René Magritte’s *Femme-bouteille* (1955), which sold for $974,000. The auction featured conservatively priced material from smaller estates, with a 97.6% sell-through rate and a 63% increase over a similar sale last year.

Jon Batiste, Troye Sivan, and Amy Sherald lead a Met Gala 2026 rooted in art-historical homage.

The 2026 Met Gala, held at the Metropolitan Museum of Art, centered on the theme "Fashion Is Art," marking the opening of the Costume Institute's spring exhibition "Costume Art." Attendees including Jon Batiste, Troye Sivan, and artist Amy Sherald interpreted the dress code through art-historical references, with Sivan wearing Prada to channel Robert Mapplethorpe. The event brought together fashion, art, entertainment, and high society to make a deliberate case for fashion as a legitimate art form.

What the Met Gains from the Neue Galerie

Was das Met mit der Neuen Galerie gewinnt

The Neue Galerie, a private museum for German and Austrian art founded by billionaire collector Ronald S. Lauder, will be integrated into the Metropolitan Museum of Art (the Met) as an auxiliary branch under the new name "The Met Ronald S. Lauder Neue Galerie." The transition, announced by founding director Renée Price, is set to be completed by 2028, with the Met assuming full operational control after a planned renovation of the historic townhouse on Fifth Avenue. The merger follows years of Lauder's stewardship and ensures the long-term future of the collection, which includes masterpieces by Gustav Klimt, Egon Schiele, Wassily Kandinsky, and Max Beckmann.

The Metropolitan Museum of Art and the Ronald S. Lauder Neue Galerie New York Announce Plans for a Landmark Merger

The Metropolitan Museum of Art and the Ronald S. Lauder Neue Galerie New York have announced a landmark merger agreement, set to take effect in 2028. The merger will unite the Neue Galerie's collection of 20th-century Austrian and German art—including Gustav Klimt's *Portrait of Adele Bloch-Bauer I*—with The Met, while preserving the Neue Galerie's distinct museum experience. Ronald S. Lauder and his daughter Aerin Lauder Zinterhofer plan to donate 13 additional paintings from their personal collection, and several Met trustees have pledged significant endowment gifts to support the integration and long-term operations.

Who’s Showing What—and What They Love—at Market Art Fair

Market Art Fair in Stockholm celebrated its 20th edition, the largest to date with 150 exhibitors, after moving from Liljevalch’s to Magasin 9, a former warehouse at the city’s port. The fair, founded in 2006 as a joint Nordic initiative, expanded its scope in 2025 to include international presentations. During the preview day, Malin Ebbing captured exhibiting artists, gallerists, and notables with her Polaroid, asking about their work and favorite booths. Artists such as Arvida Byström, Hans Berg, Sigrid Soomus, and Gabriel Karlsson discussed their artistic expressions and discoveries at the fair, with many gallerists reporting significant sales.

À New York, le Metropolitan Museum of Art absorbe la Neue Galerie et sa collection de Klimt, Schiele, Kokoschka…

On May 14, the Metropolitan Museum of Art and the Neue Galerie in New York announced a historic merger set for 2028. The Neue Galerie, founded in 2001 by billionaire Ronald Lauder in a Fifth Avenue mansion, will become part of the Met under the name The Met Ronald S. Lauder Neue Galerie, modeled after the Met's Cloisters. The transfer includes the historic building and a collection of 600 works valued at over $1.5 billion, featuring artists such as Gustav Klimt, Egon Schiele, Ludwig Kirchner, Max Beckmann, and Oskar Kokoschka. Lauder and his daughter Aerin Lauder Zinterhofer are also donating thirteen works from their personal collection, and a $200 million endowment fund has been established.

6 musées incontournables à visiter à Venise

Beaux Arts Magazine highlights six must-visit museums in Venice, including the Palazzo Ducale, Gallerie dell'Accademia, Peggy Guggenheim Collection, and the Pinault Collection venues Palazzo Grassi and Punta della Dogana. The article notes that during the Biennale, the city is filled with free pavilions, but the main museums have high entry fees, offset by passes like the Venice Museum Pass (€59) and Venice City Pass (€119). It also mentions a current Marina Abramović exhibition at the Gallerie dell'Accademia, marking her as the first living female artist honored there.

Au Louvre, l’ambitieuse restauration du cycle de Marie de Médicis

The Louvre Museum in Paris is undertaking an ambitious restoration of Peter Paul Rubens's monumental cycle of 24 paintings depicting the life of Marie de Médicis. The project, which will take four years and cost €4 million funded by the Société des Amis du Louvre, begins this autumn with the paintings being restored in situ in the Médicis Gallery. The gallery will close in May to prepare the space as a restoration workshop, where two teams of 10–15 restorers will work simultaneously on cleaning, relining, and filling gaps. The last major restoration of the cycle dates to the 1950s, and recent diagnostics revealed yellowed varnish, discordant repaints, and flaking paint layers that risk irreversible loss.

‘We can all coexist’: artist Es Devlin uses selfies to unite UK in portrait of a nation

Artist Es Devlin has created a new installation at the National Portrait Gallery in London titled 'A National Portrait for the National Portrait Gallery,' made in collaboration with Google Arts & Culture Lab. The work invites people across the UK to upload selfies, which are transformed into charcoal-and-chalk-style portraits using an AI model trained on Devlin's own hand-drawn works. These portraits then appear on a constantly evolving projected carousel, blending and dissolving into one another. Devlin, known for designing visual worlds for Beyoncé, Adele, and the London Olympics closing ceremony, describes the piece as a non-verbal space for coexistence amid national division.

Statement of Withdrawal from Visitor Lion Awards

What Every Collector Should Know About Buying Performance Art

Artsy Editorial explores the complexities of collecting performance art, explaining that ownership typically involves acquiring documentation, scores, or rights to reactivate a performance rather than the live event itself. The article outlines how artists, dealers, and collectors navigate transactions for this ephemeral medium, addressing the challenges of preservation, display, and market value.

A New York il Metropolitan museum ingloba la Neue Galerie: ovvero la più importante collezione d’arte austriaca e tedesca fuori dall’Europa

The Metropolitan Museum of Art and the Neue Galerie in New York have announced a merger set for 2028. The Neue Galerie, founded by collector Ronald S. Lauder, will become The Met Ronald S. Lauder Neue Galerie, absorbing the most significant collection of early 20th-century Austrian and German art outside Europe, including Gustav Klimt's "Portrait of Adele Bloch-Bauer I." Lauder and his daughter Aerin Lauder Zinterhofer will donate thirteen major works from their private collection, and a fundraising campaign has been launched to support the integration.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

81 artists withdraw from Venice Biennale competition

Minor Keys and Major Silences: Yoshiko Shimada and the Art of Outrage

Yoshiko Shimada, a Japanese feminist and antiwar artist, is featured in a conversation with ArtAsiaPacific ahead of her inclusion in the 2026 Venice Biennale, curated by Koyo Kouoh under the theme "In Minor Keys." The article explores Shimada's decades-long practice of excavating the gendered scars of Japanese imperialism, focusing on her collaborative work with BuBu de la Madeleine, which uses drag and irony to critique imperial frameworks and the erasure of wartime atrocities. It also highlights her revival of the Chū-pi-ren movement, a 1970s feminist group that fought for abortion rights and access to birth control, arguing that their legacy remains urgent in 2026 given Japan's slow progress on women's bodily autonomy.

Lauder heir hands gallery and $135mn Klimt to New York’s Metropolitan Museum

The Metropolitan Museum of Art in New York has received a major donation from the Lauder family: a historic townhouse gallery on the Upper East Side and Gustav Klimt's 1907 portrait "Adele Bloch-Bauer II," valued at $135 million. The gift comes from the estate of Estée Lauder heir Ronald S. Lauder, a longtime museum trustee and collector, and includes the former Neue Galerie building at 1048 Fifth Avenue, which will be renovated to expand the Met's modern and contemporary art exhibition space.

Alberto Aguilar’s Translational Rhythms at the Chicago Cultural Center

Alberto Aguilar's exhibition "I just really want to tell you this one thing" at the Chicago Cultural Center presents a sprawling, experimental installation that reinterprets his own work across decades. The show features eleven other artists who have each taken one of Aguilar's earlier paintings and created new versions, displayed alongside the originals. Curated by Elise Butterfield, the exhibition explores themes of translation, transformation, and artistic dialogue, with works spanning from 1997-2002 and 2020-2026.

Expansive Exhibition Highlights U.S. History Through ‘A Nation of Artists’

The United States is marking its 250th anniversary in 2026 with a major collaborative exhibition titled *A Nation of Artists*, presented simultaneously at the Pennsylvania Academy of the Fine Arts (PAFA) and the Philadelphia Museum of Art (PMA). The show features over 1,000 works—paintings, photographs, sculptures, and decorative arts—spanning from the late 18th century to the present, including more than 120 rarely seen pieces from the Middleton Family Collection, one of the country's most significant private holdings of American art. PAFA organizes the works thematically around westward expansion, industrialization, and globalization, while PMA, celebrating its 150th anniversary, presents a chronological survey from 1700 to 1960, highlighting international exchange, technological innovation, and shifting cultural economics.

A Painting by Gerard van Honthorst in Utrecht

Un tableau de Gerard van Honthorst à Utrecht

The Centraal Museum in Utrecht has acquired a painting by Gerard van Honthorst, titled *Extase de Marie-Madeleine* (c. 1618-1620), purchased from Cantore Galleria. The work was previewed at TEFAF Maastricht, where the museum also announced a major retrospective dedicated to the artist, titled "Gerard van Honthorst - En tout point différent de Rembrandt," which opened on April 25.

Dozens of Venice Biennale Artists Withdraw From Awards En Masse

Almost half of the artists in the 61st Venice Biennale's international exhibition, along with 16 national pavilion teams, have withdrawn from awards consideration in solidarity with the jury's resignation. The jury resigned on April 30 after stating it would not consider countries whose leaders are charged with crimes against humanity by the ICC, effectively disqualifying Israel and Russia. The Biennale Foundation then replaced the traditional Golden Lions with new "Visitor Lions" decided by public vote, reinstating all pavilions including Israel and Russia. The withdrawal follows protests at the Russian and Israeli pavilions and a historic labor strike that shuttered multiple pavilions.

Venice Biennale’s Visitor Lions Face Artist Boycott