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gagosian michael heizer

Michael Heizer has unveiled a major exhibition titled "Negative Sculpture" at Gagosian’s West 21st Street gallery in New York. The installation features two massive works, Convoluted Line A and Convoluted Line B, which consist of steel liners filled with crushed red granite embedded into a raised gallery floor. To achieve the artist's vision of negative space without excavating the building's foundation, the gallery undertook a complex two-year engineering project to elevate the entire floor surface, matching the specific concrete hue of Heizer’s Nevada studio.

richter christies london hong kong

Christie's will offer three major paintings by Gerhard Richter in its March evening sales in London and Hong Kong. The London sale on March 5 features the 1984 photo-painting 'Schober (Haybarn)', estimated at £6 million, and a 1991 'Abstraktes Bild' abstract work, estimated at £4.5-6.5 million. The Hong Kong sale on March 27 will offer a larger 1991 'Abstraktes Bild', estimated at HK$78-98 million ($10-13 million), coinciding with Art Basel Hong Kong.

most expensive female artists

Artnet News has published a list of the ten most expensive female artists at auction, based on data from the Artnet Price Database. The article highlights recent record-breaking sales, including Frida Kahlo's *El Sueño (La Cama)* (1940), which sold for $54.7 million at Sotheby's, and Marlene Dumas's *Miss January* (1997), which realized $13.6 million at Christie's, making Dumas the most expensive living woman artist. The list features artists such as Rosemarie Trockel, Bridget Riley, Cindy Sherman, Vija Celmins, and Cady Noland, with auction records ranging from $4.9 million to $9.7 million.

new york auction measures

New York's spring auction season concluded with a dramatic five-day marathon across Sotheby's, Christie's, and Phillips, generating a combined $2.2 billion. Sotheby's led with $1.17 billion in total sales, fueled by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) from the estate of Leonard A. Lauder, which sold for $234.6 million—a single work accounting for 20% of Sotheby's total. Christie's followed with $962.6 million, and Phillips added $92.1 million. Notable highlights included Frida Kahlo's *El sueño (La cama)* (1940) achieving $54.7 million, a new record for the artist and the highest price for a female artist at auction in raw dollars, and a triceratops fossil named Cera selling for $5.4 million at Phillips.

one takeaway from art basel it remains a buyers market

Art Basel 2025 saw cautious buying despite optimistic statements from major dealers like Pace's Marc Glimcher, who claimed sales velocity was as vigorous as any year. However, collector attendance was thin, with American attendance down for the second year running due to trade tensions and geopolitical concerns. Deals were closing at 20 to 30 percent below asking prices, confirming a buyer's market. Sales ranged from a $245 collectible Labubu figurine by Kasing Lung to works by Wei Libo, Joyce Joumaa, Lonnie Holley, Joan Jonas, Hao Ling, Sarah Lucas, and Rosemarie Trockel, with most activity under $1 million.

asia rising morgan stanley artnet

Artnet News and Morgan Stanley have collaborated on a report analyzing the art market's recovery after COVID-19, with a focus on Asia's emergence as a powerful engine. Using data from the Artnet Price Database and Artnet Analytics, the report shows that China (including Hong Kong) has become a dominant force, overtaking the U.S. and U.K. in fine-art auction sales. By 2020, China reclaimed the top-selling global fine-art auction market position, and as of mid-2021, it remains neck and neck with the U.S. The report also examines the role of Hong Kong, which has consistently contributed over 40% of China's fine-art sales, driven by its unique economic policies and integration into the global art market.

the venice biennale spotlights the market for latin american art

The Venice Biennale, often called the 'Olympics of the art world,' is spotlighting Latin American art in its 2024 edition. Curated by Adriano Pedrosa, director of the São Paulo Museum of Art and the first South American and openly queer person to hold the role, the exhibition titled 'Foreigners Everywhere' features over 330 artists, with more than 80 having ties to Latin America—about 24 percent of the show, up from 11 percent in 2022. The article examines the market for Latin American art, noting that while auction records exist (e.g., Frida Kahlo's $34.9 million painting), total auction volume for Latin American artists has declined from $388.3 million in 2015 to $245.5 million last year, reflecting a specialized market dominated by a few internationally recognized figures.

emily fisher landau sothebys results

Sotheby's held a landmark evening auction on November 8 featuring 31 works from the collection of Emily Fisher Landau, a noted art patron who amassed around 1,200 works over 102 years. The sale achieved $406.4 million, surpassing its pre-sale estimate of $344.5–$430.1 million and becoming the most valuable auction dedicated to a female collector in history. Highlights included Pablo Picasso's *Femme à la montre* (1932), which sold for $139 million—the second-highest price for a Picasso at auction—and record-breaking results for Agnes Martin's *Grey Stone II* ($18.7 million), Mark Tansey's *Triumph Over Mastery II* ($11.8 million), and Jasper Johns's *Flags* (1986) ($41 million). Other notable sales included works by Cy Twombly, Ed Ruscha, and Andy Warhol's portrait of Landau.

new money new taste intel report march 2025

The article, part of Artnet's Intelligence Report, profiles the rise of a new generation of art collectors, exemplified by Justine Freeman, granddaughter of legendary patron Betty Freeman. It highlights how millennials and Gen Z, who accounted for a quarter to a third of bidders at major auction houses in 2024, are reshaping the market by focusing on ultra-contemporary artists like Jadé Fadojutimi and Hilary Pecis, as well as nontraditional collectibles such as sneakers and Hermès bags. Notable sales include Maurizio Cattelan's banana artwork "Comedian" for $6.2 million to a 34-year-old crypto entrepreneur.

labubu art history

An ancient bronze artifact at China's Luoyang Museum has gone viral for its striking resemblance to Labubu, a wildly popular collectible toy created by Hong Kong artist Kasing Lung in 2015. The artifact, an Eastern Zhou Dynasty ceremonial danglu used as horse armor, dates to the Spring and Autumn period (770–476 B.C.E.) and is on display until August. Meanwhile, some internet users have drawn comparisons between Labubu and the Mesopotamian demon Pazuzu, sparking baseless conspiracy theories and TikTok warnings from overly devout Christians.

Never-Before-Seen Calder Sculpture Emerges on the Auction Block in Paris

A previously unknown sculpture by Alexander Calder, titled 'Stabile-mobile' (1974), will be auctioned by Oger – Blanchet at Hôtel Drouot in Paris on May 22. The small, kinetic work, estimated to sell for €80,000–€120,000, was a gift from the artist to an archivist at the French National Museum of Modern Art and has remained with her family for 50 years.

photography auction industry

Artnet and Morgan Stanley have released a comprehensive analysis of the photography auction market spanning 2005 to 2024. The report reveals that while the volume of photography lots sold has more than doubled over two decades, the total annual sales value has remained largely stagnant, rising from $113.4 million in 2005 to $116.9 million in 2024. When adjusted for inflation, this represents a significant 36.7 percent decline in market value, with average prices for photographs dropping by over 50 percent during the same period.

performance art new collectors

The commercial market for performance art is undergoing a significant shift in value and sophistication. While performance has been sellable for decades through archival editions and documentation—a model pioneered by figures like Marina Abramović and dealer Sean Kelly—newer methods include oral contracts for 'live' works and high-stakes secondary market sales. Recent examples, such as Hauser & Wirth offering a Felix Gonzalez-Torres performance piece with an eight-figure price tag, signal that the medium is moving from a niche interest into a high-value asset class.

work of the week maria van oosterwijck

A rare 17th-century still life by Dutch Golden Age painter Maria van Oosterwijck sold for €406,400 ($477,000) at Christie’s Paris, nearly three times its high estimate, during the auction of the Stern family collection. The painting, titled *A bunch of fruit, berries and flowers hanging in a niche*, achieved the second highest auction price ever for the artist, who is believed to have produced only about 30 works in her lifetime.

nada miami 2025 strong early sales

NADA Miami 2025 opened at Ice Palace Studios with strong early sales and a buoyant mood, as crowds streamed through the aisles on Tuesday morning. Dealers reported brisk business, with Polina Berlin selling multiple works by artists including Tamo Jugeli, Parmen Daushvili, and Casey Bolding, while Charles Moffett sold ten paintings by Kenny Rivero. The fair, hosting around 140 exhibitors, saw participation from galleries like Deanna Evans Projects, Alice Amati, and Gladwell Projects, with many dealers expressing relief and confidence after a multi-year contraction in the art market.

morgan stanley intelligence report triumph contemporary

Morgan Stanley and Artnet have released an Intelligence Report analyzing the explosive growth of the ultra-contemporary art market—defined as work by artists born after 1974. Auction sales in this category surged 305% from 2019 to 2021, reaching $742.2 million last year, driven by strong demand in the U.S. and China. The report breaks down sales by region, price band, and leading artists, highlighting how galleries, fairs, museums, and collectors are capitalizing on this trend.

state of the art market old masters and neo old masters

Artnet News, in collaboration with Morgan Stanley, analyzed auction data from the Artnet Price Database to assess the state of the European Old Master market since 2018. The investigation explores how efforts to contemporize Old Masters—through juxtapositions at art fairs like TEFAF and Masterpiece London, and gallery shows such as David Zwirner's 'Endless Enigma'—have correlated with market trends for Contemporary and Ultra-Contemporary artists whose work is visibly influenced by classical European art. The report also examines the impact of living artists inspired by Old Masters, suggesting that restricting analysis to historical works alone may underestimate their ongoing influence on the art market.

state of the art market surrealist women awakening

A data-driven analysis by Artnet News and Morgan Stanley examines the auction market for women Surrealist artists from 2013 to 2023, using the Artnet Price Database to track prices and sell-through rates. The study contrasts the historical undervaluation of women Surrealists—such as Leonora Carrington, Remedios Varo, Kati Horna, and Bridget Bate Tichenor—against the enduring market dominance of male figures like Dalí, Magritte, and Miró, while noting Frida Kahlo as the top-selling woman Surrealist.

Still Life Painter Poppy Jones’s Career Is on the Move

British artist Poppy Jones has seen a meteoric rise in market and institutional recognition over the past year. Her enigmatic still lifes, created by mono-printing photographic images onto found materials like silk and suede, have resonated with collectors, leading to a major jump in searches on the Artnet Price Database and auction results that have tripled estimates, with her record now over $60,000.

michelangelo sistine chapel study christies

A previously unknown Michelangelo drawing, a red chalk study for the foot of the Libyan Sibyl on the Sistine Chapel ceiling, was discovered after an owner submitted a photograph to Christie's online estimate service. The work, created around 1511–12, sold at Christie's New York for $27.2 million, far exceeding its $1.5–2 million estimate and setting a new auction record for a Michelangelo drawing. The anonymous seller inherited the piece from his grandmother, and it had been in his family since the late 1700s.

record 12 million at sothebys paris for recently discovered gentileschi

A recently rediscovered painting by Baroque artist Artemisia Gentileschi sold for €865,000 ($1.19 million) at a Sotheby's Paris auction, shattering the artist's previous auction record set in 1998. The work, which had been hidden for over 80 years in southern France, fetched nearly three times its presale estimate after being identified by Sotheby's Old Master department.

Which Artists Are Insiders Searching For? After 10 Years, Not Much Has Changed

Artnet's Price Database analysis reveals that the most-searched artists by its users have remained remarkably consistent over the past decade. Pablo Picasso, Andy Warhol, and Marc Chagall continue to hold the top three positions, with David Hockney and Yayoi Kusama joining the list, while Salvador Dalí and Lucio Fontana have dropped off.

450 million newhouse trove heads to christies led by 100 million pollock

Christie’s has secured a prestigious collection of 35 to 40 artworks from the estate of the late media mogul S.I. Newhouse, valued at approximately $450 million. Scheduled for the May auction season, the selection is headlined by Jackson Pollock’s drip painting 'Number 7' (1948) and Constantin Brancusi’s bronze sculpture 'Danaïde' (1913), both estimated at around $100 million. The consignment marks the fourth time Christie’s has handled material from the Newhouse estate, which has previously set records for artists like Jeff Koons.

the art market has lost its grip on price

Former Sotheby's rainmaker Brooke Lampley, now a director at Gagosian, discusses the art market's loss of control over pricing, citing a failed $70 million Alberto Giacometti bust at auction as a symptom of deeper market confidence issues. The article traces the evolution of art pricing from opaque, dealer-driven norms to a data-rich system enabled by Artnet's Price Database in 1989, which fueled a price spiral and attracted speculators. Now, in 2025, the market faces a correction with auction sales down 27.3 percent to $10.2 billion, and buyers are pausing as traditional pricing signals become scrambled.

top auction results may 2025

Spring 2025 auction results at Christie’s and Sotheby’s in New York showed a mixed market. Major lots like Alberto Giacometti’s *Grande tête mince* failed to sell, and Andy Warhol’s *Electric Chair* was withdrawn. However, top sales included Piet Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* for $47.56 million, Claude Monet’s *Peupliers au bord de l’Epte, crépuscule* for $42.96 million, and Mark Rothko’s *No. 4 (Two Dominants)* for $37.78 million. Works by Basquiat, Magritte, Picasso, and Richter also sold well.

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.

rashid johnson nosedive auction

Rashid Johnson's mixed media work *Untitled Escape Collage* sold for $292,100 at Phillips's Modern and contemporary art day sale in New York on May 14, falling short of its low estimate and representing a 72 percent loss in value for the consignor, who had purchased it for $816,500 at the same auction house in 2022. The disappointing result coincides with Johnson's solo exhibition at the Guggenheim Museum in New York.

martha stewart joopiter contemporary art sale

Martha Stewart has curated a contemporary art sale for Joopiter, the auction platform founded by Pharrell Williams. Titled "The Contemporary Take," the auction runs from April 28 through May 6 and features nearly 50 artworks by leading artists, including Amy Sherald, Hank Willis Thomas, Adrian Ghenie, Alex Katz, Damien Hirst, and Lynette Yiadom-Boakye. Stewart handpicked a selection of works for the Spring season, focusing on themes of growth, regeneration, and vitality. The sale marks Joopiter's first auction of contemporary art, following collection sales by Kim Jones, Kid Cudi, and Nigo.

state of the art market trophy lots and the new competitive auction landscape

The article examines the growing financialization and opacity of the fine-art auction market, highlighting how auction houses like Christie's and Sotheby's have made it increasingly difficult for outsiders to understand true demand for individual lots. It details how buyer's premiums, guarantees, and irrevocable bids (third-party guarantees) obscure the actual bidding dynamics, with only a small group of wealthy financiers and intermediaries having clear insight into the market's inner workings.

work of the week pablo picasso tete dhomme a la pipe

Loïc Gouzer, founder of the auction app Fair Warning, partnered with Christie's to sell Pablo Picasso's drawing *Tête d'homme à la pipe* (1971) in a hybrid in-person and digital auction on May 15. The work, estimated at $6–8 million, hammered for $6.6 million ($7.79 million with fees) to a phone bidder at Coco's at Colette in New York's GM Building, with Jussi Pylkkänen officiating. Notable attendees included collectors Alberto Mugrabi and David Mugrabi, and dealer Joseph Nahmad. The drawing, executed two years before Picasso's death, depicts a musketeer inspired by *The Three Musketeers* and had never been auctioned before.