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.

yasmina reza art play putting a higher price on it

The article examines the revival of Yasmina Reza's play "Art" on Broadway, which centers on three men arguing over a seemingly blank canvas purchased for a high price. The new production updates the painting's cost from 200,000 francs (about $60,000) to $300,000, reflecting today's inflated art market. The play's themes of aesthetics versus market value resonate with current debates about speculative hype and irrational pricing in contemporary art.

Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

Consignors Revealed: The Mystery Sellers Behind the $1.8 Billion May Auctions

Sotheby's kicked off the May auction season with a $433 million sale, including an 11-lot group from the estate of late dealer Bob Mnuchin, led by an $86 million Mark Rothko painting. The three major auction houses are offering $1.8 billion worth of art by low estimate, a 50% increase from last year, driven by consignments from estates of key figures like Mnuchin, philanthropist Agnes Gund, and dealer Marian Goodman. Christie's will stage a sale from publisher S.I. Newhouse's collection expected to bring $450 million, potentially setting records for Jackson Pollock and Constantin Brancusi. The article reveals that many top sellers are anonymous, but unmasked names include the Dennison family and French collector John Sayegh-Belchatowski.

The Most Expensive Jean-Michel Basquiat Works Ever Sold at Auction

ARTnews published a listicle ranking the most expensive Jean-Michel Basquiat works ever sold at auction, updated as of May 15, 2026. The article traces Basquiat's rise from street artist under the moniker SAMO to a major figure in the downtown New York scene, highlighting key relationships with Keith Haring, Diego Cortez, and curator Henry Geldzahler. It notes that Basquiat's entire mature output was created between 1981 and 1984, and that his 1983 painting *Museum Security (Broadway Meltdown)* sold at Sotheby's in May 2026 for $52.7 million, placing it among his top sales. The piece also details earlier top sales, including *Untitled* (1982) for $29.3 million at Christie's in 2013 and *Flesh and Spirit* (1982–83) for $30.7 million at Sotheby's in 2018.

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.

art galleries close for general strike

A nationwide general strike, called for Friday, January 30, 2026, in protest of U.S. Immigration and Customs Enforcement (ICE) operations in Minneapolis, has prompted numerous art galleries and organizations to close their doors. Major commercial galleries like Gagosian, David Zwirner, Hauser & Wirth, and Pace Gallery, alongside institutions such as the Museum of Contemporary Art Los Angeles and the Drawing Center, are participating in the shutdown.

here are 11 must see gallery shows this armory art week

Artnet News highlights 11 must-see gallery shows during Armory Art Week in New York City, running from September 5 to October 26, 2024. Featured exhibitions include Gina Beavers' 'Divine Consumer' at Marianne Boesky Gallery, where she presents semi-sculptural relief paintings inspired by internet blankets and towels; Jenny Holzer's 'Words' at Sprüth Magers, showcasing her text-based works from the 1980s to present, including a new AI-generated LED installation; 'Radical Artists of the 1960s/1970s: Between Geometry and Gesture' at David Nolan, featuring works by Barry Le Va, Bruce Nauman, and others; and Stephen Thorpe's 'Dream House' at Dimin, with oil paintings of interiors merging into dreamlike landscapes.

kids hamptons wet paint

Artnet News's Wet Paint column announces Brian Belott's upcoming exhibition "Upside Down Zebra" at the Watermill Center in Water Mill, Hamptons, opening next week. The show features over 400 artworks made by children under age 6, including offspring of Willem de Kooning and Henry Miller, alongside 40 response pieces by contemporary artists like Robert Nava, Chris Martin, Darren Bader, Katherine Bernhardt, Carroll Dunham, and Christopher Wool. Belott draws from the archive of educator and psychologist Rhoda Kellogg, who collected over two million children's drawings, organizing works by her 20 types of scribbles.

A Joan Mitchell diptych and a rare stack by Donald Judd: our pick of the May auctions

The Art Newspaper highlights five major lots from New York's May 2025 auctions. Phillips offers Joan Mitchell's diptych 'Plain' (1989), estimated at $5-7 million, from the collection of late Miami art patron Tina Hills. Christie's presents Donald Judd's rare copper and red Plexiglas 'Untitled (Stack)' (1969), estimated at $10-15 million, from the Minimalist collection of the late Henry S. McNeil Jr. Sotheby's leads with Jean-Michel Basquiat's 'Museum Security (Broadway Meltdown)' (1983), estimated above $45 million, and Mark Rothko's 'Brown and Blacks in Reds' (1957), estimated at $70-100 million from the collection of late dealer Robert Mnuchin.

onassis onx opens in tribeca

The Onassis Foundation’s experimental art and tech studio, Onassis ONX, is relocating to a larger 6,000-square-foot space in Manhattan’s Tribeca neighborhood, doubling its size. The new facility at 390 Broadway will open in January with the multimedia exhibition “TECHNE: Homecoming,” featuring works by artists such as Andrew Thomas Huang, Tamiko Thiel, and Sister Sylvester. The space includes advanced production facilities like a motion-capture stage, a three-wall projection room, an expanded sound studio, and enhanced AI and generative media infrastructure.

A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major painting by Jean-Michel Basquiat, titled *Portrait of the Artist as a Young Derelict*, will be auctioned at Christie’s in New York this May. The 1982 work is a prime example of the artist's raw, graffiti-infused style and is expected to fetch over $5 million. This sale is part of Christie’s marquee spring auctions, highlighting continued strong market demand for blue-chip contemporary art.

frieze los angeles 2026 exhibitor list

Frieze Los Angeles has announced its 2026 exhibitor list, featuring 95 galleries from 22 countries at the Santa Monica Airport, running from February 26 to March 1. The lineup includes blue-chip names like Gagosian, Hauser & Wirth, and David Zwirner, alongside local staples such as Commonwealth & Council and David Kordansky Gallery. First-time participants include El Apartamento, Bradley Ertaskiran, and Sprüth Magers returns after a hiatus. The Focus section, curated by Essence Harden, highlights galleries under 12 years old. Notable absentees include Marian Goodman Gallery, Bortolami, and Sean Kelly, while five galleries that participated in 2025 have since closed. The fair follows a challenging 2025 edition impacted by LA wildfires, which prompted withdrawals and a charity initiative.

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.

Queer art, bowler hats and an Annie Hall script: inside Diane Keaton’s archive as treasures go on sale

Diane Keaton is auctioning a vast archive of personal effects through Bonhams, including a massive collage she created over decades, clothing, scripts, and art. The sales, titled "Diane Keaton: The Architecture of an Icon," span multiple categories—from her menswear-inspired wardrobe to her photographic works and home design objects. Highlights include her original Annie Hall script, a sequined Gucci suit, and works by artists like David Wojnarowicz. The auction will be held live in New York City on 8 June, with previews in West Hollywood.

Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

Andy Warhol’s Former Studio Building Now Home to New Uniqlo Union Square Store

The former New York City studio building of Andy Warhol, known as The Factory, will now house a Uniqlo store. The Japanese fast-fashion brand is opening its seventh New York location on the ground floor of 860 Broadway, the same building where Warhol worked from 1974 to 1984. The brand is leveraging the site's artistic history by selling exclusive merchandise featuring Warhol's imagery to promote the opening.

todd von ammon grids galleries fairs column

Todd von Ammon, a young gallerist, critiques the contemporary art market's over-reliance on art fairs and the homogenization of gallery spaces into a sterile, grid-like system. He contrasts this with the lost charm of discovering hidden, architecturally unique galleries in labyrinthine neighborhoods, which he argues fosters a sense of urban belonging and agency for collectors and art workers. The article traces the shift from the rabbit warrens of SoHo to the dense Chelsea gallery district and the rise of the modern art fair, epitomized by Art Basel's expansion to Miami Beach in 2002, which he likens to a pyramid scheme that burdens young galleries with high costs for minimal returns.

basquiat museum security sothebys

Jean-Michel Basquiat’s monumental 1983 painting, 'Museum Security (Broadway Meltdown)', is set to headline Sotheby’s marquee contemporary evening auction this May with an estimate of $45 million. The seven-foot canvas was created during the artist's pivotal year in Los Angeles and features his signature blend of text and symbols, including wry commentaries on the institutionalization and commercial value of art. The work previously sold at Christie’s in 2013 for $14.5 million.

2025 art basel miami beach exhibitor list

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.

Rothko from Robert Mnuchin’s Estate Sells for $85.8 M., Leading Sotheby’s New York’s $433.1 M. Contemporary Art Sale

Sotheby’s New York held a $433.1 million modern and contemporary art sale at its Madison Avenue headquarters, led by Mark Rothko’s *Brown and Blacks in Reds* (1957), which sold for $85.8 million. The auction opened with 11 works from the estate of legendary dealer Robert Mnuchin, totaling $166.3 million, including a second Rothko and pieces by Willem de Kooning, Franz Kline, and Pablo Picasso. The contemporary art segment followed, with Jean-Michel Basquiat’s *Museum Security (Broadway Meltdown)* (1983) selling for $52.7 million. The overall sale was described by advisers as robust but not particularly exciting, and it significantly exceeded the $186.1 million equivalent sale from last year.

Andrew Lloyd Webber Is Writing a Musical About the Heist that Made ‘Mona Lisa’ Famous

Renowned composer Andrew Lloyd Webber has announced he is developing a new musical centered on the 1911 theft of Leonardo da Vinci’s Mona Lisa. The production will dramatize the true story of Vincenzo Peruggia, a Louvre employee who stole the masterpiece and hid it for two years before it was recovered in Italy. Lloyd Webber revealed the project following the Broadway opening of Cats: The Jellicle Ball, noting that he is beginning the writing process immediately.

How New York City Shaped Harry Winston’s Dazzling Legacy

The luxury jeweler Harry Winston continues to expand its 'New York' collection, a high-jewelry suite first launched in 2018 that pays homage to the founder's birthplace and the city's architectural landmarks. The collection translates iconic New York City motifs—including the hand-carved facades of Upper West Side brownstones, the neon glow of the Broadway theater district, and the neo-Gothic spires of St. Patrick’s Cathedral—into intricate diamond and gemstone arrangements.

nyc holiday art shows

Artnet News has compiled a guide to holiday art shows in New York City for December 2025. The featured exhibitions include the Metropolitan Museum of Art's annual "Christmas Tree and Neapolitan Baroque Crèche" (November 25–January 6), the American Museum of Natural History's "Origami Holiday Tree" (November 24–January 20) inspired by its dinosaur extinction exhibition, the Morgan Library and Museum's display of Charles Dickens's original manuscript of "A Christmas Carol" (November 25–January 11), and the New York Public Library's "Best Friends Forever: Holiday Greeting Cards" (December 3–January 4). Each venue offers a unique artistic take on the holiday season, from 18th-century Neapolitan figurines and thousands of origami animals to literary history and vintage greeting cards.

roberta smith interviews larry gagosian

Roberta Smith, the former New York Times co-chief art critic, interviews Larry Gagosian, the world's most famous art dealer, for Numero magazine. The conversation covers Gagosian's hands-on management of his 18 galleries, his admission of mistakes in closing locations in San Francisco and Geneva, and his view of his galleries as tryout spaces akin to off-Broadway. Gagosian shares anecdotes about his first Picasso purchase at Sotheby's for $900,000 (now worth $40 million), his early shows featuring David Salle and Warhol's Oxidation paintings, and his regret over selling Eli Broad's Basquiat skull painting for $80,000. Smith recalls attending Gagosian's first New York show in the 1970s, and the two reflect on their long, distant acquaintance.

tamara de lempicka retrospective de young

A major retrospective of Art Deco painter Tamara de Lempicka (1898–1980) has opened at the de Young Museum in San Francisco, featuring over 120 works including iconic portraits, lesser-known drawings, and early Cubist still lifes. Co-curated by Furio Rinaldi and Gioia Mori, the exhibition is the first comprehensive U.S. retrospective of the artist in over four decades, drawing passionate responses from audiences unfamiliar with her name as well as from connoisseurs discovering her draftsmanship.

tamara de lempicka boucard christies auction

Christie’s London is auctioning Tamara de Lempicka’s 1928 painting *Portrait du Docteur Boucard*, which has not been seen on the market in 40 years. The work, depicting doctor and bacteriologist Pierre Boucard, is expected to sell for between £5 million and £8 million ($6.18 million and $9.89 million). The sale coincides with the close of Lempicka’s historic retrospective at San Francisco’s de Young Museum—the first U.S. survey of the Art Deco master—and ahead of its opening at the Museum of Fine Arts Houston.

art agosto machado obituary whitney

Agosto Machado, a legendary downtown New York artist, archivist, and activist, died on March 21, 2026, at an estimated age in his 80s. The article recounts his life through a personal tribute, describing a drag performance in Chicago honoring him, and details his decades-long career as a street queen, Warhol-era fixture, and participant in the Stonewall uprising and first Gay Liberation March. Machado performed in Off-Off-Broadway plays, created solo shows, and amassed an extensive archive of ephemera, art, and photographs of his friends and community.

art bunker artspace queer exhibition

The Bunker Artspace in Palm Beach, Florida, has opened "Beyond the Rainbow," a major exhibition of LGBTQ+ art curated by Laura Dvorkin and Maynard Monrow, along with 19 other artists, curators, gallerists, architects, and writers. The show draws from the collection of patron Beth Rudin DeWoody and features works by Catherine Opie, Andy Warhol, Nicole Eisenman, Lyle Ashton Harris, and others, running from December 7 through May 1, 2026. The exhibition was inspired by a visit to the Centre Pompidou's "Over the Rainbow" show in Paris.