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.

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.

Your Summer Guide: 20 Art World Highlights Not to Miss

ARTnews has published a summer guide highlighting 20 art world events and exhibitions not to miss in the coming months. Featured highlights include the opera 'El Último Sueño de Frida y Diego' at the Metropolitan Opera, the 'Costume Art' exhibition at the Metropolitan Museum of Art, a Björk show titled 'echolalia' at the National Gallery of Iceland, a book on the Venice Biennale by Massimiliano Gioni, Raven Halfmoon's 'Flags of Our Mothers' at Ballroom Marfa, a Pierre Huyghe exhibition at Fondation Beyeler Basel, a James McNeill Whistler retrospective at Tate Britain, and the inaugural Medina Triennial in New York.

Zoe Leonard Departs Hauser & Wirth for New York’s Maxwell Graham Gallery

Zoe Leonard, a celebrated conceptual artist whose work will appear at the Venice Biennale next week, has left Hauser & Wirth—a global gallery with 14 locations—to join Maxwell Graham, a smaller New York-based gallery known for spare conceptual presentations. Leonard will continue to be represented by her longtime galleries, Cologne’s Galeria Gisela Capitain and Milan’s Raffaella Cortese. Maxwell Graham staged its first Leonard exhibition last year with “Display,” featuring photographs of historical objects in museums. Leonard is the second artist to depart Hauser & Wirth in the past year, following George Condo’s exit in November.

The shifting market for luxury: can legacy brands navigate new trends and buyers?

Bénédicte Épinay, president and CEO of Comité Colbert, is organizing 'Hidden Treasures,' an exhibition of French luxury brands at The Shed in New York in late May 2025, timed after Frieze art fair and auction week. The show features 96 French luxury brands, 17 cultural institutions, and six European luxury brands, including Musée du Louvre, Balenciaga, Louis Vuitton, and Cartier. The initiative is part of a broader cultural diplomacy strategy, following a similar exhibition in Shanghai in 2024 that helped reduce tariffs on cognac. The article also notes shifting luxury market dynamics, with strong US sales growth projected at 8% in 2026, while Europe remains stagnant, and emerging markets like India show new wealthy buyers driving auction house growth.

S.I. Newhouse’s 11-Foot-Wide Jackson Pollock Drip Painting Sells for Record-Breaking $181.2 M.

A Jackson Pollock drip painting, *Number 7A* (1948), formerly owned by media magnate S. I. Newhouse, sold at Christie’s on Monday night for a hammer price of $157 million, totaling $181.2 million with fees. The work, measuring nearly 11 feet wide, received over 60 bids in a 10-minute bidding war and set a new auction record for the Abstract Expressionist artist, surpassing the previous high of $61 million set in 2021. The winning bid was placed by a buyer represented by Christie’s global president Alex Rotter, with Swiss mega-dealer Iwan Wirth acting as an underbidder, possibly for collector Laurene Powell Jobs.

New Louvre Chief Christophe Leribault Reveals His Vision for the Museum Post-Heist

Christophe Leribault, the new director of the Louvre, has outlined his vision for the museum following a $100 million heist in October 2025. The Apollo Gallery, where the theft occurred, will reopen in July with a redesigned display that removes mineral cases to highlight its Romantic wall paintings, inspired by Versailles’s Hall of Mirrors. Empress Eugénie’s diamond-and-emerald crown, crushed by the thieves, is being restored and will become a new highlight. Security upgrades include window bars, 100 new cameras by 2026, a mobile police station, and a new security coordinator. The heist led to the resignation of former director Laurence des Cars in February.

10 Must-See Shows During the Venice Biennale 2026

The 2026 Venice Biennale is embroiled in multiple controversies, including the cancellation and reinstatement of Australia's representative artist Khaled Sabsabi, ongoing calls to bar Israel from participating, criticism over allowing Russia to participate, and mounting voices to exclude the U.S. in response to President Donald Trump's actions in Iran. Despite these disputes, the article highlights that many of the city's most exciting shows will take place away from the main Biennale venues.

Louvre Reveals Architects for $1 Billion Expansion

The Louvre has announced an international team of architects—New York's Selldorf Architects and Studios Architecture Paris—to lead its "Nouvelle Renaissance" expansion, a project estimated to cost over €1 billion ($1.2 billion). The plan, first announced by French President Emmanuel Macron in early 2025, includes a new entrance to accommodate three million additional visitors annually and a dedicated 33,000-square-foot exhibition space for Leonardo da Vinci's *Mona Lisa*. The museum's new director, Christophe Leribault, is moving forward with the project despite significant budget uncertainty, with cost estimates ranging from €270 million to €1.1 billion.

The British Museum Is Recreating the Bayeux Tapestry’s Medieval Woodland

The British Museum is installing a temporary woodland installation called "Tapestry of Trees" in its forecourt from May 16 to June 2, evoking the 11th-century English landscape depicted in the Bayeux Tapestry. Designed by garden designer Andy Sturgeon, the installation features 37 silver birch trees and planters with dyed hessian wraps matching the tapestry's colors, alongside woodland species like Guelder Rose and Foxglove. It launches public programming ahead of the tapestry's historic loan from France, which will be displayed in a blockbuster exhibition on the Norman Conquest starting in September.

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.

A Venise, trois maîtres redéfinissent la nature morte

The article announces an exhibition titled "Picasso, Morandi, Parmiggiani – Still lifes" at the Istituzione Fondazione Bevilacqua La Masa in Venice, running from May 7 to July 25, 2026. The show brings together three masters—Pablo Picasso, Giorgio Morandi, and Claudio Parmiggiani—to redefine the still-life genre through a curated dialogue of their works across six rooms. The exhibition is co-organized by Tornabuoni Art, the Musée national Picasso-Paris, and the Fondazione Musei Civici di Venezia, with Cécile Debray, president of the Musée national Picasso-Paris, serving as curator. A fully illustrated catalogue accompanies the show.

Edgar Calel Honored with $75,000 Sam Gilliam Award

The Dia Art Foundation and the Sam Gilliam Foundation have announced Edgar Calel as the winner of the 2026 Sam Gilliam Award. The Guatemala-based artist and poet, born in 1987 in Chi Xot (San Juan Comalapa), will receive $75,000 and participate in a public program at a Dia location this fall. Calel, of Maya Kaqchikel heritage, works across painting, drawing, sculpture, and performance, and is known for monumental installations reflecting Mayan cosmovision and themes of ownership and stewardship. He was selected by a panel including Dia curators Jordan Carter and Matilde Guidelli-Guidi, Elvira Dyangani Ose, Annie Gawlak, Shanay Jhaveri, and Clara Kim.

Look Inside the Art-Filled Home of New York City's Cultural Crusaders

This profile explores the Upper West Side residence of Crystal McCrary McGuire and Raymond J. McGuire, a power couple deeply embedded in New York City’s cultural and financial sectors. Their home serves as a private gallery for a significant collection of African American art, featuring masterworks by Norman Lewis, Henry Ossawa Tanner, Elizabeth Catlett, and Romare Bearden. The couple’s shared passion for collecting began independently, sparked by their formative years studying in France, and has since evolved into a joint mission to preserve and live alongside Black artistic heritage.

How Is Arts Patronage Changing?

At TEFAF New York, Artnet News editor Andrew Russeth moderated a panel titled “Who Supports Art Now? Patronage in a Shifting Cultural Landscape” featuring two prominent figures in American arts philanthropy: Sarah Arison and Michi Jigarjian. Arison, who became the youngest president of the Museum of Modern Art’s board in 2024 at age 39, also leads the Arison Arts Foundation and chairs YoungArts. Jigarjian, CEO of Work of Art Holdings and a partner at 7G Group, has led Baxter St at CCNY for 15 years and serves on the boards of the Brooklyn Museum and MoMA PS1. The discussion took place during fair week in mid-May at the Park Avenue Armory.

Chanel Renews Financial Support of Centre Pompidou During Long-Term Renovation

Chanel has renewed its financial partnership with Paris's Centre Pompidou, extending their collaboration through another five-year agreement. The luxury fashion house will continue supporting the museum's operations, acquisitions, and exhibitions, despite the Pompidou being closed until 2030 for a major renovation costing over $500 million. Chanel previously sponsored the museum's acquisition of 21 artworks by 15 contemporary Chinese artists in 2024 and supported the related exhibition “目 China: A New Generation of Artists.” The renewed investment aims to bolster access, scholarship, and preservation of public knowledge.

Citing Epstein Ties, Wexner Union Demands Leslie Wexner’s Name be Dropped from Art Center

Members of the Wexner Center for the Arts union, Wexner Workers United, have formally demanded that Ohio State University remove Leslie Wexner's name from the art center. In a letter posted on Instagram, the union cites Wexner's documented ties to convicted sex offender Jeffrey Epstein, noting his name appears over 1,300 times in Department of Justice files. The union argues that the connection meets the university's criteria for renaming, and that staff face daily harassment while artists refuse to collaborate due to the Epstein association.

Chanel Expands Support for Centre Pompidou Amid $535 Million Renovation

Chanel has announced a new five-year partnership with the Centre Pompidou in Paris, expanding its support for the museum during its landmark €460 million ($535 million) renovation. The fashion house, which has backed the Pompidou since 2019, will help preserve access to modern and contemporary art while the museum is closed to the public until its scheduled reopening in 2030. This follows a separate three-year deal in 2025 to grow the museum's collection of contemporary Chinese art by 30 percent, with a focus on women artists, and a 2024 acquisition of 21 works by 15 Chinese artists tied to an exhibition co-organized with Shanghai's West Bund Museum.

Paris Judge Rejects Bid to Suspend the Replacement of Notre-Dame’s Windows

A Paris judge has rejected a bid to suspend the removal of six 19th-century stained-glass windows by Eugène Viollet-le-Duc from Notre-Dame Cathedral, clearing the way for their replacement with contemporary works commissioned by the French government. The Paris Administrative Court ruled that the project does not constitute an irreversible alteration because the new windows, designed by artist Claire Tabouret and produced by glassmakers Simon-Marq, could be removed in the future, and the original windows will be preserved. The judge did not rule on the legality of the project, which had previously been vetoed by the National Commission of Patrimony and Architecture, leaving the door open for further legal challenges.

No Need to Shed a Tear for the Jury

"Man muss der Jury keine Träne nachweinen"

The entire jury of the Venice Biennale resigned shortly before the opening, prompting criticism of Biennale President Pietrangelo Buttafuoco. Italian Culture Minister Alessandro Giuli accused Buttafuoco of pursuing a misguided "pacificist fantasy" by readmitting Russia to the six-month exhibition, calling it failed "side foreign policy." Commentators in German media, including Niklas Maak (FAZ) and Marcus Woeller (Die Welt), see the resignation as a symptom of a crisis in the art world, with the jury having acted as a "political tribunal" by pre-judging artists based on nationality, particularly regarding Israel. The Biennale leadership defended inclusion, but the standoff has caused significant "image damage." Separately, Dirk Knipphals (wochentaz) delivers a scathing review of Wolfram Weimer's first year as cultural policy commissioner, accusing him of empty rhetoric and failing to counter right-wing cultural politics. Juliane von Mittelstaedt (Der Spiegel) reports on Saudi Arabia's use of a spectacular new art museum in Riyadh as a stability narrative amid regional conflict.

How Will the Venice Biennale Impact Alma Allen’s Market?

Artist Alma Allen has been selected as America's representative at the Venice Biennale, sparking controversy due to the unusual selection process under President Trump. The pavilion is commissioned by the newly formed American Arts Conservancy, led by Jenni Parido, who previously ran a pet food lifestyle shop and entered Trump's orbit through Mar-a-Lago pet charity events. Following the announcement, Allen's galleries Olney Gleason and Mendes Wood DM dropped him, but he was quickly picked up by high-profile gallery Perrotin. The article examines how the Biennale and its attendant drama might affect Allen's market, noting his longtime collectors include Beth Rudin DeWoody, Peter Morton, Jack Pierson, and others, while his auction prices have remained modest.

Ursula Launch: Celebrating Firelei Báez and Issue 16 with Casa Dragones

Hauser & Wirth is hosting a launch event during the opening weekend of Firelei Báez's solo exhibition 'Feet squelching on wet grass, nourished by uncertainty' at its 22nd Street gallery in Chelsea, celebrating the release of Ursula issue No. 16. The issue features a portfolio by Báez titled 'The Earth That Remains,' a cover story on collector Eileen Harris Norton, and contributions on Elsa Schiaparelli, Christopher Harris, Alice B. Toklas, and LACMA director Michael Govan. The free event includes Casa Dragones tequila and access to Báez's exhibition alongside 'Carol Rama. I See You You See Me.'

Kader Attia to Curate 2027 Kochi-Muziris Biennale

French Algerian artist, curator, and educator Kader Attia has been appointed curator of the Seventh Kochi-Muziris Biennale, scheduled to open in Kochi, India, in December 2027. The selection was made by a jury led by Biennale president Jitish Kallat and including Shilpa Gupta, Amrita Jhaveri, Pooja Sood, Tasneem Zakaria Mehta, Mariam Ram, and Rirkrit Tiravanija. Attia, who participated in the 2014 edition of the biennale, is known for his practice addressing social injustice, postcolonialism, and marginalized communities, and previously curated the 2022 Berlin Biennale.

Pussy Riot Storms Russia Pavilion at Venice Biennale

Pussy Riot staged a dramatic protest at the Russia Pavilion during the Venice Biennale, releasing pink smoke and waving Ukrainian flags while chanting slogans like 'Blood is Russia’s art.' Around 50 protesters, including members of Femen, occupied the area. Pussy Riot founder Nadya Tolokonnikova called for the pavilion to be closed and given to oppressed peoples, challenging Biennale president Pietrangelo Buttafuoco to meet her. The protest lasted about 20 minutes, with performers climbing the pavilion and exposing political slogans on their chests.

Artists, Read the Fine Print

Artist Damien Davis writes a critical piece on how so-called 'standard' contracts in the art world systematically undermine artists' power, citing long consignment periods, moral rights waivers, and opaque terms that favor institutions. Separately, the Venice Biennale has scrapped its traditional Golden Lion awards after the awards jury resigned; instead, ticket holders will vote on 'Visitor Lions,' with results announced in November, and notably Israel and Russia remain eligible despite the jury's earlier ban. Other news includes damage to a 1,000-year-old Native American archaeological site by construction crews building President Trump's border wall.

Exhibition at Bellevue Palace: Rush causes server crash

Ausstellung im Schloss Bellevue: Ansturm legt Server lahm

Berlin's Schloss Bellevue, the official residence of German President Frank-Walter Steinmeier, is being transformed into a pop-up art gallery from June 13 to 28 before undergoing a multi-year renovation. The exhibition, titled "Freiraum Kunst," features works by artists including Katharina Grosse, Wolfgang Tillmans, and Monica Bonvicini. However, the ticket booking system crashed due to overwhelming demand, causing delays and prompting the Akademie der Künste to work on resolving the technical issues, assuring the public that tickets are still available.

Free tickets now available for temporary exhibition at Bellevue Palace

Ab sofort kostenlose Karten für temporäre Schau im Schloss Bellevue

Berlin's Bellevue Palace, the official residence of German President Frank-Walter Steinmeier, will transform into a pop-up gallery for two weeks from June 13 to 28. Free timed-entry tickets become available from 3:00 PM on the website of the Akademie der Künste. The exhibition will feature works by artists including Katharina Grosse, Wolfgang Tillmans, and Monica Bonvicini, displayed in rooms emptied ahead of a multi-year renovation.

Schloss Bellevue wird temporär Ausstellungshaus

Schloss Bellevue, the official residence of German President Frank-Walter Steinmeier in Berlin, will be transformed into a temporary pop-up gallery for two weeks from June 13 to 28, before undergoing a major renovation expected to last around eight years. The exhibition, organized in cooperation with the Akademie der Künste, will feature works by artists including Katharina Grosse, Wolfgang Tillmans, and Monica Bonvicini, taking advantage of the emptied rooms ahead of the president's move-out before the summer break. Free timed-entry tickets will be available from May 18 via the Akademie's website.

JR: 'Reflecting on the cave is to look at our deep humanity, our origins, art in general'

JR : « Réfléchir à la caverne, c’est se pencher sur notre humanité profonde, sur nos origines, sur l’art en général »

French artist JR is transforming the Pont-Neuf in Paris into a giant inflatable cave structure, titled "La Caverne du Pont-Neuf," set to debut on May 23, 2026. The project, conceived with producer Vladimir Yavachev, pays homage to Christo and Jeanne-Claude's 1985 wrapped Pont-Neuf, using inflatable techniques inspired by Christo's unrealized designs. JR's team built a prototype in a hangar at Orly, and the work involves complex permissions from the French president, the Paris mayor, and local authorities.