Christie’s $1.1 Billion Night Signals a Stunning Rebound for the Art Market

Christie’s achieved $1.1 billion in sales during a single evening auction on Monday, marking a dramatic rebound from the previous year when the three major New York auction houses combined sold that amount over the entire May season. The sale featured trophy works from the collections of S.I. Newhouse and Agnes Gund, with Jackson Pollock’s *Number 7A (1948)* selling for $181.2 million and Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* fetching $98.4 million. Despite the strong overall results, seven of the 16 works in the Newhouse sale hammered below their low estimates, and Constantin Brancusi’s *Danaïde* failed to reach its $100 million estimate, indicating price resistance even for top-tier art.

Christie's nets $1.1bn from back-to-back S.I. Newhouse and 20th century evening sales in New York

Christie's held back-to-back evening auctions in New York, featuring the esteemed S.I. Newhouse collection and a 20th-century evening sale, achieving a combined total of $950 million (or $1.1 billion with fees). The Newhouse sale was a white-glove affair, 100% sold, though entirely backed by third-party guarantees. Highlights included Constantin Brancusi's bronze 'Danaïde' (1913) selling for $107.5 million with fees, a record for the artist, and Pablo Picasso's 'Tête de femme (Fernande)' fetching $48.3 million. Other top lots included works by Piet Mondrian, Joan Miró, Henri Matisse, Francis Bacon, Jasper Johns, Andy Warhol, and Jackson Pollock, with many going to anonymous telephone bidders.

Christie’s Double-Header Totals $1.1 B., With Several Trophy Works Notching New Records

Christie’s held two evening sales on Monday—the S.I. Newhouse collection and a 20th-century art sale—that together generated $1.1 billion across 64 lots. The Newhouse tranche alone made $630.8 million, bringing the cumulative total of the collection to over $1 billion, making it likely the most expensive collection ever sold at auction after Paul Allen’s $1.7 billion blockbuster. Top lots included Jackson Pollock’s *Number 7A, 1948* at $181.2 million (the fourth most expensive painting ever sold at auction), Constantin Brâncuși’s *Danaïde* at $107.6 million, and a Mark Rothko work at $98.4 million.

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.

Mark Rothko Painting Agnes Gund Hung in Her Living Room Sells for $98 M., Setting a Record

A Mark Rothko painting, *No. 15 (Two Greens and Red Stripe)* (1964), formerly owned by prominent art patron and Museum of Modern Art president emerita Agnes Gund, sold at Christie’s on Monday night for $98.4 million (including fees). The work, which Gund purchased directly from Rothko in 1967 and kept in her living room until her death last September, received about a dozen bids before hammering at $85 million to a buyer represented by Christie’s specialist Rachael White Young. The sale broke Rothko’s previous auction record of $86.9 million set in 2012 for *Orange, Red, Yellow* (1961), also at Christie’s New York.

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.

The 16 Most Expensive Artworks Ever Sold at Auction

ARTnews published an updated list of the 16 most expensive artworks ever sold at auction, highlighting recent record-breaking sales such as Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16), which fetched over $236.4 million at Sotheby's, and Jackson Pollock's *Number 7A, 1948*, which sold for well above its $100 million estimate at Christie's in May 2026 from the S. I. Newhouse collection. The article traces the history of top auction prices, including Vincent van Gogh's *Orchard with Cypresses* (1888), which sold for $117 million during the Paul Allen sale at Christie's in November 2022, part of a record $1.5 billion single-evening auction.

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.

Cai Guo-Qiang joins White Cube

White Cube now represents Cai Guo-Qiang, making the British gallery the first to represent the Chinese-born, New York-based artist known for his gunpowder paintings. The announcement coincides with White Cube’s solo presentation of Cai’s ongoing gunpowder painting series featuring birds at Tefaf New York (14-19 May). Cai had a solo show at White Cube’s Bermondsey space last autumn, titled *Gunpowder and Abstraction 2015-2016*, his first London presentation since his large-scale project at Tate Modern in 2003.

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.

Remembering Pat Steir, one of the 20th century’s late-blooming great artists

Pat Steir, the acclaimed American painter known for her Waterfall series, died in Manhattan on 25 March at age 87. The article traces her career from early struggles as a freelance illustrator and art director, through her transformative encounter with Sol LeWitt in the early 1970s, to her eventual emergence as a major figure in contemporary painting. It highlights her teaching at CalArts and Parsons, her involvement with feminist and artist-run institutions like Heresies and Printed Matter, and the pivotal moment in the early 1980s when she cut up a reproduction of a Jan Brueghel the Elder flower painting into 64 panels, repainting each in a different historical style.

Raghu Rai obituary

Raghu Rai, the renowned Indian photographer known for capturing his country's post-independence history through singular, enduring images, has died at age 83 from cancer. Rai's career spanned six decades, during which he documented events from the 1984 Bhopal gas disaster to the Bangladesh war of independence, and photographed figures including Indira Gandhi, Mother Teresa, and the Dalai Lama. He joined Magnum Photos in 1977 after being invited by Henri Cartier-Bresson, and worked as a staff photographer for the Statesman and as picture editor for India Today.

10 Shows Around Venice Not to Miss During the Biennale

ARTnews has published a guide to 10 exhibitions in Venice worth seeing during the 2026 Biennale, beyond the central show "In Minor Keys" curated by the late Koyo Kouoh and the national pavilions. Highlights include a major survey of Lee Ufan at the San Marco Art Centre (SMAC Venice), organized by the Dia Art Foundation and curated by Jessica Morgan; "Helter Skelter: Arthur Jafa and Richard Prince" at Fondazione Prada, curated by Nancy Spector; and "Strange Rules" at Palazzo Diedo, conceived by Hans Ulrich Obrist with Mat Dryhurst and Holly Herndon, introducing the concept of "Protocol Art." Other venues include the Gallerie dell'Accademia, Pinault Collection, Berggruen Arts & Culture, Fondazione Sandretto Re Rebaudengo, and a three-night-only performance at Teatro Goldoni.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

Our Guide to New York Art Week 2026

New York Art Week 2026 brings a major convergence of art events across the city, including several prominent art fairs such as Frieze New York, Independent New York, TEFAF New York, and NADA New York. The week also features gallery openings spanning from Tribeca to the Upper East Side, as well as auction previews ahead of key sales at Sotheby’s, Christie’s, and Phillips.

Mary Lovelace O’Neal, Painter Who Defied the Bounds of Abstraction, Dies at 84

Mary Lovelace O’Neal, the American painter known for her large-scale abstract works that defied easy categorization, died in Mérida, Mexico, on May 10 at age 84. Her death was confirmed by her galleries, Jenkins Johnson and Marianne Boesky, on May 13. Active in the Civil Rights movement of the 1960s, O’Neal developed a distinctive practice that blended Minimalism, Abstract Expressionism, and figurative elements, most notably through her Lampblack series and later the "Whales Fucking" series. Her work gained renewed attention in the 21st century, with exhibitions at Mnuchin Gallery and the Museum of the African Diaspora, and her painting *Blue Whale a.k.a. #12* (1983) was selected for the 2024 Whitney Biennial.

Art Basel Curbs Pre-Fair Sales—and More Art Industry News

Art Basel has launched a "Basel Exclusive" initiative to curb pre-fair PDF sales, encouraging galleries to withhold works from previews to drive in-person discovery at its flagship Swiss event (June 16–21). Around 170 of 232 exhibitors have opted in. Meanwhile, Volta returns to Basel with a new "5,000 Edit" section for works under CHF 5,000 to attract younger collectors, and the alternative fair Esther will hold its third edition in New York during Frieze Week. In other news, Sotheby's set a U.S. record for design auctions with the Jean and Terry de Gunzburg collection totaling $96 million, and billionaire collector Mitchell P. Rales pledged $116 million to the National Gallery of Art to fund loans to smaller museums. The Smithsonian American Art Museum named Lynda Roscoe Hartigan as its new director, and Gladstone Gallery plans a new Seoul space for 2026.

'Trusting that first reaction is important': Nacho Polo and Robert Onuska on the process of collecting

Nacho Polo and Robert Onuska, co-founders of the design gallery Studiotwentyseven, discuss their art collection in an interview with The Art Newspaper. Housed in their Tribeca apartment, the collection spans painting, sculpture, and photography with an emphasis on materiality and sculptural form. They recount their first acquisition—Ron Gorchov's *Autolykos* (2019)—and their most recent purchase, Alex Katz's *Nine Women 5* (2009). The couple also shares their instinctive buying process, a regret over missing a Nick Cave sculpture, and their anticipation for the Jean and Terry de Gunzburg collection at Sotheby's this spring.

The 5 Best Booths at Frieze New York 2026

Frieze New York 2026 opened its VIP day at The Shed on May 13, following the Venice Biennale's opening week. Now in its 15th edition, the fair anchors New York Art Week, a series of concurrent fairs, gallery openings, auctions, and parties that take over the city each May. The article highlights the five best booths at the fair, curated by Artsy Editorial.

What You Should Definitely Avoid in Venice

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The article humorously critiques the Venice Biennale, highlighting several disappointments. It describes a Japanese pavilion installation by Ei Arakawa-Nash featuring baby dolls for diaper-changing, which a critic dismisses as a male artist over-romanticizing parenthood. Other flops include long queues for the German and Austrian pavilions, underwhelming main exhibition "In Minor Keys," and annoying self-promotional performers outside venues. The piece also laments the presence of loud American collectors and donors who dominate the event.

Beverly Buchanan’s Anti-Monuments

Beverly Buchanan's outdoor sculptures, such as 'Marsh Ruins' (1981) and 'Unity Stones' (1983), are quietly eroding in landscapes across Georgia, Florida, and North Carolina. These anti-monuments, made from tabby concrete and stone, blend into their surroundings while subtly referencing the region's layered histories, including Indigenous shell middens, plantation ruins, and the 1803 slave revolt on St. Simons Island. Buchanan, who died in 2015, is now receiving renewed attention: her work will be featured at the Venice Biennale this spring, and a touring retrospective is currently at Frac Lorraine in Metz, following a posthumous show at the Brooklyn Museum in 2016–17.

Katherine El-Salahi, anti-apartheid activist, anthropologist and publisher, 1945–2026

Katherine El-Salahi, an anti-apartheid activist, anthropologist, and publisher, has died at age 81. Born Katherine Levine, she studied at Cambridge and SOAS before joining the clandestine group London Recruits in 1970, carrying out leaflet bomb propaganda and running guns into South Africa. She later became instrumental in the career of her husband, Sudanese painter Ibrahim El-Salahi, organizing his landmark 2013 retrospective at Tate Modern, building his archive, and securing gallery representation with Vigo Gallery.

5 Trends Shaping the 2026 Venice Biennale

The 2026 Venice Biennale has opened to the public, featuring the main exhibition 'In Minor Keys' conceived by the late Cameroonian Swiss curator Koyo Kouoh, who died unexpectedly in May 2025. Kouoh, the first African woman appointed to lead the Biennale, had her curatorial team—including Rasha Salti, Marie Hélène Pereira, and Gabe Beckhurst Feijoo—carry forward her vision of art as a 'shared and sustaining force.' The opening was weighted with politics and emotion.

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.

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.

King Charles Visits Christie’s in New York, After White House Dinner

King Charles III and Queen Camilla made a surprise visit to Christie’s headquarters in New York on April 29, 2026, following a White House dinner and address to Congress. They attended a gala for the King’s Trust, a charity supporting young people from disadvantaged backgrounds, rather than bidding on auction lots like a $100 million Jackson Pollock or a $60 million Roy Lichtenstein. The event, co-chaired by Lionel Richie, drew guests including Martha Stewart and Anna Wintour, and featured a dinner in the James Christie Room. Christie’s CEO Bonnie Brennan curtsied to the king, and the royals viewed the new rostrum designed by Jony Ive, set to debut in New York during Christie’s May marquee week.

10 Exhibitions to See in Upstate New York This May

Hyperallergic's guide highlights 10 exhibitions opening in Upstate New York this May, including the Hessel Museum of Art's annual showcase of thesis exhibitions by graduates of the Center for Curatorial Studies at Bard College, featuring works by Alice Aycock, Arthur Jafa, Mike Kelley, and Ana Mendieta. Other notable shows include Daniele Frazier's camera-less photography at September Gallery, Onnis Luque's investigation into resource exploitation at Art Omi, and Japanese woodblock prints at the Frances Lehman Loeb Art Center. The guide also covers Lukaza Branfman-Verissimo's mixed-media works and Maria Auxiliadora da Silva's paintings.

10 Ausstellungen, die Sie zum Gallery Weekend nicht verpassen sollten

The article highlights ten must-see exhibitions during Berlin's Gallery Weekend, curated by the editorial team of Monopol magazine. Featured shows include Jiyoon Chung's installation "Dead End" at Anton Janizewski, which explores perception and anxiety through subtle triggers; Giorgio Griffa's retrospective at Walter Storms Galerie, showcasing his poetic abstract paintings on un-stretched linen; Walid Raad's "Like a Rubber Rung on a Ladder" at Galerie Thomas Schulte, referencing the Lebanese Civil War with a crashed VW Beetle and graffiti; and Thomas Demand's exhibition at Sprüth Magers, where his photographs printed on copper plates reflect on current events like the Gaza war and climate change.

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.

Art in America’s Summer Issue Features 20 “New Talent” Artists, Juicy Art Heist Stories, and More

Art in America's Summer issue features 20 emerging artists in its annual "New Talent" portfolio, selected by the magazine's editors. The issue also includes a feature on art heist stories by Jackson Arn, an essay on systems art by Emily Watlington, and a piece on tragicomic times by Eugenie Brinkema. Additional content includes a tribute to Henrike Naumann, a spotlight on Olga Fröbe-Kapteyn, a book review of Trevor Paglen's latest work, and departments covering museum and gallery worker perspectives, a Frick Collection vs. Morgan Library comparison, and a summer reading list of art-themed novels.