Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

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Christie's London will auction a major collection of modern and contemporary art from Belgian collectors Roger and Josette Vanthournout during its March marquee sales week. The collection, estimated at £40 million ($53.8 million), spans six decades of collecting and includes works by René Magritte, Henry Moore, Pablo Picasso, Yayoi Kusama, Lucio Fontana, Agnes Martin, and Max Ernst. It will be offered across three sales: a March 5 evening sale, a March 6 daytime sale, and an online sale from February 25 to March 12. Highlights include Magritte's 'La plaine de l'air' (1940) and Moore's 'Goslar Warrior' (1973–74), each estimated at £3.5–5.5 million.

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The article reports that the top tier of the art auction market rebounded strongly in 2025, with the ten most expensive lots totaling $757.1 million, a 48% increase from 2024. Gustav Klimt became the top-selling artist, driven by the sale of his *Portrait of Elisabeth Lederer* (1914–16) from the collection of the late Leonard Lauder, which was the most expensive artwork of the year. The rankings saw significant shifts: René Magritte, the top artist in 2024, fell to sixth place, while blue-chip names like Pablo Picasso, Andy Warhol, and Jean-Michel Basquiat strengthened their positions. Notably, no women or living artists appeared among the top 20 sellers in 2025, a reversal from the previous year when Yayoi Kusama and Joan Mitchell were present.

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Artnet News published a year-end roundup of the worst artworks of 2023, as selected by its writers and editors. The list includes Meta's AI-art chatbot experiments on Instagram, which cloned celebrity likenesses into cringe-worthy avatars like Snoop Dogg's 'The Dungeon Master' and Kendall Jenner's 'Billie,' alongside Refik Anadol's 'Unsupervised' at MoMA, criticized as shallow tech spectacle. Other entries include a poorly received Picasso-themed exhibition and additional works deemed ill-conceived or badly executed.

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Leonard A. Lauder, the billionaire art collector, philanthropist, and cosmetics magnate, has died at age 92. Lauder helped grow his mother Estée Lauder's namesake business into a global cosmetics empire, serving as president, CEO, and chairman. He was also one of the most significant art philanthropists of his era, donating a Cubist art collection valued at over $1 billion—including 78 works by Picasso, Braque, Léger, and Gris—to the Metropolitan Museum of Art in 2014, later expanded with additional works and funding for the Leonard A. Lauder Research Center for Modern Art. He also made the largest gift in Whitney Museum history in 2008, worth $131 million, and amassed a collection of 130,000 historic postcards promised to the Museum of Fine Arts, Boston.

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The private collection of legendary collector and patron Pauline Karpidas, featuring masterworks by Salvador Dalí, René Magritte, and Les Lalannes, will be auctioned at Sotheby’s London this September. Spanning 250 lots from her eccentric London home, the collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby’s Europe. Karpidas, who has collected for 50 years and supported artists like Damien Hirst and Tracy Emin, sees herself as a temporary custodian and is passing the works to a new generation.

Melvin Edwards, pioneer of Black abstraction, 1937–2026

Melvin Edwards, a pioneering sculptor known for his steel assemblages that explored Black history and experience, has died. He was the first African-American artist to have a solo exhibition at the Whitney Museum of American Art in New York in 1970. His signature series, Lynch Fragments, began in the 1960s as a response to the civil rights movement and evolved over his lifetime to incorporate references to the Vietnam War and African cultural practices.

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.

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David Hockney has launched a critique against the prevalence of abstract art while debuting his latest exhibition, "A Year in Normandie and Some Other Thoughts About Painting," at the Serpentine Galleries. The 88-year-old artist, recovering from an infection at his Kensington studio, presented a nearly 300-foot-long frieze of iPad drawings depicting the seasonal shifts of his Normandy gardens. The show emphasizes Hockney's commitment to figurative representation and observation, utilizing new stippling techniques and reverse-perspective compositions.

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Newly released documents from the Department of Justice reveal that the late financier and convicted sex offender Jeffrey Epstein was deeply involved in facilitating major art transactions between mega-collector Leon Black and Gagosian gallery. The files detail Epstein's personal communications with Black's lawyers regarding the acquisition of Pablo Picasso's 1931 sculpture *Buste de Femme (Marie-Thérèse)*, a work that was the subject of a legal dispute before Black acquired it for over $115 million. Epstein also assisted in a complex $48 million swap of a Rothko painting for a Picasso through Gagosian in 2012.

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A 51-page document released as part of the Jeffrey Epstein files appears to catalog the extensive private art collection of billionaire collector and former MoMA board chair Leon Black. The document, which lists works by masters from Michelangelo to Picasso under corporate entities linked to Black, reveals valuations and details of a collection largely kept from public view, including works held as promised gifts to major museums like MoMA and the Metropolitan Museum of Art.

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Christie’s opened New York’s fall marquee auctions with a $690 million evening sale across 79 lots, surpassing the pre-sale low estimate of $534.7 million. The doubleheader included the Robert and Patricia Ross Weis collection, featuring works by Picasso, Matisse, Mondrian, and Rothko, followed by a 20th-century sale. The auction achieved a 97% sell-through rate by value and a 96% by lot, marking a 41% increase from May’s auctions. Separately, Sperone Westwater gallery announced it will close after 50 years, and Art Basel Hong Kong revealed details for its 2026 edition featuring 240 galleries.

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Newly released emails from convicted sex offender Jeffrey Epstein reveal that he discussed a plan by billionaire art collector Leon Black to purchase a Picasso painting from Gagosian gallery for $100 million. In a 2015 email to Melanie Spinella, a representative for Black, Epstein questioned the lack of a written contract for the overseas transfer, calling it 'fishy.' The emails also show Epstein advising Black on broader art purchasing strategies, including assigning agreements to family members, and offering opinions on Artspace, the online art marketplace acquired by Black's publishing house Phaidon.

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Artnet News critic Christian Viveros-Fauné has published a personal list of the ten best works of art in New York museums, sparking debate among readers. The selection includes iconic pieces such as Giovanni Bellini's *St. Francis in the Desert* at the Frick Collection, Gerhard Richter's *October 18, 1977* at MoMA, Paul Cézanne's *The Card Players* at the Metropolitan Museum of Art, James Rosenquist's *F-111* at MoMA, Diego Velázquez's *Juan de Pareja* at the Met, and Pablo Picasso's *Les Demoiselles d'Avignon* at MoMA, among others.

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The Metropolitan Museum of Art has unveiled its renovated Michael C. Rockefeller Wing, featuring 1,800 objects from 663 cultures across Africa, Oceania, and the ancient Americas. The $70 million, 12-year project includes Fang masks, ceremonial dance paddles, and 15-foot funerary poles, with a multi-day celebration that featured a sunrise blessing. The wing, named after Nelson Rockefeller's son who disappeared in 1961, opened in 1982 and was revitalized as part of a master plan by Beyer Blinder Belle Architects.

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Frieze New York 2025 is approaching, and Artnet News has published a guide to must-see museum and gallery shows across the city. Highlights include dual exhibitions by Kennedy Yanko at Salon 94 and James Cohan, a solo show by Salman Toor at Luhring Augustine, two concurrent Picasso exhibitions at Gagosian and Almine Rech, and a major survey of Rashid Johnson at the Solomon R. Guggenheim Museum. The guide covers emerging and established artists, with shows running from April through July 2025.

Non-European artists are sorely under-represented in Paris galleries; Spanish minister officially rejects Guernica loan request by Basque government

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A new study by curator Louise Thurin and 193 Gallery founder César Lévy reveals significant demographic imbalances in Paris's commercial art scene. While female representation has tripled over the last decade to nearly 35%, artists born outside of Europe and North America remain marginalized, accounting for less than 15% of gallery rosters combined. Additionally, Spain’s Culture Minister Ernest Urtasun has officially denied a request to loan Pablo Picasso’s 'Guernica' to the Guggenheim Museum Bilbao, citing the masterpiece's extreme fragility and the need to follow conservation expert advice.

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Spanish political leaders are embroiled in a heated dispute following a formal request from the Basque regional government to loan Pablo Picasso’s 'Guernica' to the Guggenheim Museum Bilbao for its 90th anniversary. Officials in Madrid have dismissed the request as provincial, while Basque leaders argue for the work's return to the region it depicts; meanwhile, the Museo Reina Sofía maintains its long-standing policy against moving the fragile masterpiece.

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Olney Gleason, a new gallery founded by former Kasmin senior staff Nick Olney and Eric Gleason, has been appointed as the exclusive representative for the estates of Jackson Pollock and Lee Krasner through the Pollock-Krasner Foundation. The gallery, which opened earlier this year, succeeds Kasmin in handling the artists' work; Kasmin had represented Pollock since 2024 and Krasner since 2017. Olney and Gleason previously organized multiple Krasner exhibitions at Kasmin and supported major museum shows, including a 2019 Krasner retrospective at the Barbican Centre and a 2024 Pollock exhibition at the Picasso Museum in Paris.

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Christie’s will sell over 70 works from the collection of Arnold and Joan Saltzman during its fall marquee sales in November, with a group estimate exceeding $70 million. The modern art collection includes pieces by Pablo Picasso, Fernand Léger, Edvard Munch, František Kupka, Robert Delaunay, Henri Matisse, and Henry Moore. The top lot is Léger’s 1914 painting *Composition (Nature Morte)*, estimated around $20 million, from his celebrated 'Contraste de formes' series. Other highlights include Henry Moore’s bronze sculpture *Reclining Woman: Elbow* (1981), estimated at $9–12 million, and Henri Matisse’s *Femme au chapeau fleuri* (1923), estimated around $10 million. The collection, built over 60 years, will be featured in Christie’s 20th century evening sale on November 17 and day sales on November 18.

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Sotheby's has announced the headline lots for the upcoming sale of British socialite and arts patron Pauline Karpidas's collection, set to take place September 17–19 in London. The 250-item auction, described as the 'greatest collection of Surrealism to emerge in recent history,' is led by René Magritte's oil painting *La Statue volante* (1940-41), estimated at £9–12 million ($12–16 million). Other highlights include ten more Magritte works, four Andy Warhol pieces from his 'Art from Art' series, and works by Pablo Picasso, Salvador Dalí, and Leonora Carrington, along with furniture and design objects.

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Sotheby's London will auction the collection of British socialite, collector, and arts patron Pauline Karpidas on September 17 and 18. Described as the 'greatest collection of Surrealism to emerge in recent history,' it includes masterpieces by René Magritte, Salvador Dalí, Leonora Carrington, and Max Ernst, along with works by Andy Warhol, Pablo Picasso, and others. The sale is expected to fetch £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's in Europe. Karpidas, who began collecting 50 years ago after meeting gallerist Alexander Iolas, views herself as a 'temporary custodian' for the artworks.

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Arthur Brand, a self-proclaimed art detective, recovered 25 documents stolen from the Netherlands National Archives in 2015. The trove includes items on UNESCO’s Memory of the World Register, such as a 1602 report of the Dutch East India Company’s first meeting, a 1700 report of a visit to Mughal India’s Emperor Aurangzeb, and a ship’s log by 17th-century admiral Michiel de Ruyter. Brand was contacted after a person clearing an attic found the box and showed it to a former history professor. Brand took possession on condition of returning the documents to the National Archives, which had been unaware the items were stolen.

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Leonard Lauder, the eldest son of Estée Lauder and a billionaire cosmetics executive, died at age 92. He served as chairman emeritus of Estée Lauder Companies, having previously been president and CEO, and grew the company's sales from $800,000 to over $16 billion. A major art philanthropist, in 2013 he donated 81 Cubist works worth over $1 billion to the Metropolitan Museum of Art, including pieces by Picasso, Braque, Léger, and Juan Gris. He also served as chairman emeritus and trustee at the Whitney Museum.

Elsa Schiaparelli Gets Her UK Museum Debut at the V&A, in a Show Featuring Dalí, Man Ray, and Picasso

The Victoria and Albert Museum in London is presenting the first UK exhibition dedicated to Italian fashion designer Elsa Schiaparelli. Titled 'Schiaparelli: Fashion Becomes Art,' the show features over 400 objects, including 100 ensembles, and traces her work from the 1920s to the present under current creative director Daniel Roseberry. It highlights her collaborations with major 20th-century artists.

A brush with... Sanya Kantarovsky—podcast

Artist Sanya Kantarovsky is the subject of a podcast interview. He discusses his artistic practice, influences, and the guiding principle of 'ostranenija' or 'making strange' in his figurative paintings, which blend bodies, animals, and plants in atmospheric, often threatening scenarios.

Pressing issues: the vital role of printmaking in the history of art

Author and journalist Holly Black has released a new book titled 'The Story of Printmaking: A Global History of Art', published by Yale University Press. The publication traces the evolution of the printed image from its 9th-century origins in East Asia through the innovations of Old Masters like Albrecht Dürer and Rembrandt to modern digital techniques. Drawing on her training at the London College of Printing, Black demystifies complex technical processes such as intaglio and mezzotint while highlighting both canonical figures like Picasso and influential but lesser-known pioneers like Robert Blackburn.

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A new book titled *Hidden Portraits: The Untold Stories of Six Women Who Loved Picasso* by Sue Roe (published by Faber and W.W. Norton) examines the lives of Picasso's six most significant partners: Fernande Olivier, Olga Khokhlova, Marie-Thérèse Walter, Dora Maar, Françoise Gilot, and Jacqueline Roque. The book challenges the narrative that these women were passive muses, instead revealing their personal ambitions and reasons for entering relationships with the artist, drawing on journals and historical context to present their perspectives.

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French artist Jean Dufy (1888–1964), brother of Raoul Dufy and a contemporary of Picasso and Braque, is the subject of a major new catalogue raisonné. Galerie Jacques Bailly in Paris has released Volume III of the catalogue, a 495-page volume with 801 reproductions and essays by Vanessa Schmitz-Grucker and Chantal Meslin-Perrier. The book explores Dufy's use of color, his depictions of post-war Parisian life, and his lesser-known work in porcelain design for Haviland Limoges.

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The Metropolitan Museum of Art's current "Cubism" exhibition showcases masterpieces from the Leonard A. Lauder Cubist Collection, featuring works by Pablo Picasso, Georges Braque, Juan Gris, and Fernand Léger. The show spans six galleries and presents some of the finest examples of Cubist art, including iconic pieces like Braque's *The Castle of La Roche-Guyon* (1909) and Picasso's *The Oil Mill* (1909). The exhibition is essentially a curated display of Lauder's promised gift to the Met, highlighting the "Four Horsemen" of Cubism while omitting the broader context of the movement's other pioneers, such as the Salon Cubists.