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Christie’s Kiran Nadar Exhibition Is the Latest Indicator of the South Asian Art Market’s Growing Importance

Christie’s London will host “The Meeting Ground,” a non-selling exhibition of works from the Kiran Nadar Museum of Art (KNMA) in New Delhi, from July 16 to August 21, 2025. The show features Indian modernists such as M.F. Husain, S.H. Raza, K.G. Subramanyan, and F.N. Souza, alongside contemporary South Asian artists, Indigenous art practitioners, and diaspora artists. Admission is free. The exhibition follows a series of record-breaking auction sales for South Asian art, including Husain’s *Untitled (Gram Yatra)* (1954) sold at Christie’s New York for $13.8 million in March 2025 and Raja Ravi Varma’s *Yashoda and Krishna* (ca. 1890s) sold at Saffronart for $17.9 million.

What am I bid for a blown-up van? The bizarre art auction aiming to build an eco power station in Reform-held Clacton

Artists Hilary Powell and Dan Edelstyn are auctioning off their work from the past 15 years this Saturday to raise at least £250,000 for a community-led renewable power station in Clacton, the constituency of Reform UK leader Nigel Farage. The auction, which will be conducted by former YBA Gavin Turk, includes a gold Ford Transit van wreckage containing fake banknotes that the pair blew up in 2019 as part of their film *Bank Job*, now reconstituted as a mobile sculpture. An online auction runs until 31 May, but currently only £750 has been raised.

New York auctions, James McNeill Whistler at Tate Britain, Edvard Munch—podcast

This episode of The Art Newspaper's podcast 'The Week in Art' covers three major stories: the spring auction results in New York, which saw record prices for works by Jackson Pollock, Constantin Brancusi, and Mark Rothko; the opening of the largest James McNeill Whistler exhibition in Europe in over 30 years at Tate Britain in London, which will later travel to the Van Gogh Museum and The Mesdag Collection in the Netherlands; and a feature on Edvard Munch's 1922 frieze from the Freia Chocolate Factory, currently on loan to the Munch museum in Oslo for the exhibition 'Edvard Munch and the Chocolate Factory.'

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.

Spain Threatens to Oust Reina Sofía Director Over Missing Artworks and Finances

Spain’s government has escalated pressure on the Museo Nacional Centro de Arte Reina Sofía, demanding a complete inventory of its 25,000-plus artworks by December 31, 2026. A parliamentary oversight committee passed a resolution backed by the conservative Popular Party and far-right, warning that failure to comply could lead to the removal of museum director Manuel Segade. The resolution calls for a full audit of holdings, including loans and missing pieces, and updated financial valuations. The museum faces years of criticism from Spain’s Court of Auditors over weak internal controls and tracking issues, including a 2021 donation that can no longer be fully accounted for.

India's Kiran Nadar Museum to take over Christie's London headquarters this summer

The Kiran Nadar Museum of Art (KNMA) in New Delhi will take over Christie’s London headquarters this summer for a month-long non-selling exhibition titled "The Meeting Ground: Scenes from the KNMA Collection" (16 July-21 August). The show will feature 180 works by 60 Indian, Pakistani, and Bangladeshi artists from the 1950s to the present, drawn from billionaire collector Kiran Nadar’s vast collection of South Asian Modern art. The exhibition anticipates the delayed relocation of KNMA to a new 100,000 sq. m building near Delhi airport, designed by David Adjaye and now about 60% complete, with former Louvre Abu Dhabi director Manuel Rabaté appointed to run the museum.

The New Costume Institute Show Gets Under the Skin

The Costume Institute at the Metropolitan Museum of Art has opened its 2026 spring exhibition, “Costume Art,” which explores the relationship between clothing and the human body through pairings of couture with artworks spanning 5,000 years. Curated by Andrew Bolton, the show is divided into thematic chapters such as “Nude Body,” “Disabled Body,” “Aging Body,” and “Anatomical Body,” featuring pieces from designers like Dior, John Galliano for Maison Margiela, and Renata Buzzo alongside historical artifacts and contemporary art.

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.

Virginia Museum of Fine Arts Announces a Major Gift of Nearly 2000 Photographs

The Virginia Museum of Fine Arts (VMFA) has received a major donation of nearly 2,000 photographs from the Joy of Giving Something Inc. (JGS), a nonprofit dedicated to photographic arts. The gift, drawn from the collection of late financier Howard Stein, spans the 19th century to the present and includes works by over 450 artists, with highlights from Eugène Atget, Nadar, Alfred Stieglitz, Dora Maar, László Moholy-Nagy, Man Ray, Berenice Abbott, Walker Evans, Dorothea Lange, Mary Ellen Mark, and contemporary figures like Adam Fuss and Cindy Sherman. The donation also includes a grant for cataloging and housing, and comes as the VMFA plans five new photography galleries opening in 2027.

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.

Bharti Kher Commissioned by Powerhouse Parramatta, Australia’s New Cultural Center Opening Later This Year

British-Indian sculptor Bharti Kher has been commissioned to create a monumental sculpture titled 'Tree of Life' for the entrance of Powerhouse Parramatta, a major new cultural center opening later this year in Parramatta, west of Sydney, Australia. The work, made of four stacked bronze and clay heads, is part of Kher's ongoing 'Intermediaries' series, which began in 2016 after she found a collection of broken clay figurines in her Delhi studio. The commission was reported by Art Asia Pacific, and Kher previously installed related public works in Central Park and at Harvard Business School.

How Did Phillips Pull Off a $115.2 Million ‘White Glove’ Sale? Here’s What the Numbers Say

Phillips achieved a $115.2 million 'white glove' evening sale in New York on Tuesday night, with 41 of 43 lots sold and a 100% sell-through rate after withdrawals. The auction more than doubled last year's $52 million total, led by Andy Warhol's *Sixteen Jackies* (1964) at $16.2 million. Only three records were set—for P.S. Krøyer, Pat Passlof, and Joseph Yaeger—but the sale's success was driven by third-party guarantees on 21 lots and newly launched priority bids.

New Richard Avedon documentary chronicles how he shaped the evolution of photography

Imagine Documentaries, the nonfiction arm of Ron Howard and Brian Grazer's Imagine Entertainment, premiered a new documentary about photographer Richard Avedon at the Cannes Film Festival on May 17. The film, co-produced by the Richard Avedon Foundation, draws heavily from archival interviews conducted by Helen Whitney for the PBS series *American Masters*, supplemented by new interviews with Avedon's son John, muse Lauren Hutton, Isabella Rossellini, Twyla Tharp, and former *New Yorker* colleagues Tina Brown and John Lahr. The documentary explores Avedon's career, his technique of building rapport with subjects, and his iconic images such as *Dovima with Elephants*, which dealer Larry Gagosian notes sold for $2 million.

Willem de Kooning’s Rarely Seen Drawings Come Into Focus in Chicago Show

A forthcoming exhibition at the Art Institute of Chicago (AIC), titled "Willem de Kooning Drawing," will showcase over 200 rarely seen drawings by the Abstract Expressionist master, opening in June. The show, organized in partnership with the Rijksmuseum, includes works from across de Kooning's career—from early charcoal studies like *Dish with Jugs* (1919–1921) to experimental pieces from the 1960s where he drew with his eyes closed or with both hands. Curated by Kevin Salatino, the exhibition positions drawing as central to de Kooning's practice, challenging the perception that his paintings were purely spontaneous.

Sotheby’s Pulls In $303.9 M. in a Solid but Subdued Modern Evening Sale Led by $48 M. Matisse

Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.

Phillips Posts $115.2 Million ‘White Glove’ Sale, Big Gain Over Last Year

Phillips’s evening sale of modern and contemporary art on Tuesday achieved a 'white glove' result, selling all 41 lots for a total of $115.2 million with fees, near the $121.7 million top estimate. The sale marked a 119 percent increase over the same sale last year, driven by strong bidding on works by Salman Toor, Lee Bontecou, P.S. Krøyer, Joseph Yaeger, Helen Frankenthaler, Anna Weyant, and Pat Passlof. Two works were withdrawn before the sale, and about half of the lots had third-party guarantees. Despite some lots hammering below their low estimates, including works by Andy Warhol, Francis Picabia, Henri Matisse, and a Jackson Pollock at the center of a lawsuit, the overall result signals renewed market confidence.

Sotheby’s Hauls In $304 Million at Modern Art Auction, as Market Momentum Continues

Sotheby’s achieved $303.9 million in its modern art auction in New York, led by Henri Matisse’s *La Chaise Lorraine* (circa 1919) at $48.4 million and Pablo Picasso’s *Arlequin (Buste)* at $42.6 million. The sale included an auction record for a painted bottle, René Magritte’s *Femme-bouteille* (1955), which sold for $974,000. The auction featured conservatively priced material from smaller estates, with a 97.6% sell-through rate and a 63% increase over a similar sale last year.

Six Artists Vie to Design Billie Holiday Monument in New York

Six artists have been selected as finalists to design a public monument honoring jazz singer Billie Holiday in Queens, New York, outside the Jamaica Performing Arts Center. The finalists—La Vaughn Belle, Nikesha Breeze, Nekisha Durrett, Tanda Francis, Thomas J. Price, and Tavares Strachan—submitted proposals after an open call in late 2025, site visits, and discussions with Holiday scholars and family. The New York City Department of Cultural Affairs released the designs on May 19 for public feedback through the end of May, with a final selection expected later this year. Proposals range from abstract silhouettes and bronze beans to more representational figures, reflecting Holiday's legacy and her connection to Queens.

Dubai Plans a Massive New Museum for Digital Art

Dubai has announced plans for a new Museum of Digital Art (MODA), a major institution dedicated to digital and tech-driven art. The museum is part of a $27 billion transformation of Dubai's financial district into a technology hub, and will feature immersive and interactive experiences. No budget or completion date has been set, but Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairperson of Dubai Culture, stated the museum advances the city's commitment to converging creativity and technology. The museum will be designed by Adrian Smith + Gordon Gill Architecture, the firm behind the Burj Khalifa.

Cindy and Howard Rachofsky’s Dallas Home Could Be Yours at a Discount, for $17.5 M.

Cindy and Howard Rachofsky, prominent art collectors and mainstays on the ARTnews Top 200 Collectors list, have reduced the asking price of their Dallas home, the Richard Meier–designed Rachofsky House, from $23 million to $17.5 million. The property, completed in 1996 and located in the affluent Preston Hollow neighborhood, has been on the market since October 2024. The Rachofskys, whose collection includes over 800 works, previously hosted the Two x Two gala in support of AIDS- and art-focused initiatives in Dallas, but stopped hosting the event in 2024.

Christie’s S. I. Newhouse Sale Totals $630.8 M., Bringing Cumulative Total to $1 B.

Christie’s evening auction of 16 works from media magnate S.I. Newhouse’s collection totaled $630.8 million with fees, setting multiple records. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million after a 10-minute bidding war, more than doubling Pollock’s previous auction record. Other highlights included Constantin Brâncuși’s *Danaïde* (ca. 1913), which set a new record for the artist at an undisclosed price above $82 million, and strong results for works by Joan Miró, Jasper Johns, and Pablo Picasso.

S.I. Newhouse’s Brâncuși Sells at Christie’s for Record-Breaking $107.6 M.

A Constantin Brâncuși sculpture titled *Danaïde* (1913), formerly owned by media magnate and top art collector S.I. Newhouse, sold at Christie’s on Monday night for a hammer price of $93 million, totaling $107.6 million with fees. This set a new auction record for the modernist sculptor, surpassing the previous record of $71.2 million set by another Brâncuși work in 2018. The bronze head with gold leaf and black patina attracted half a dozen bids before selling to a client represented by Maria Los, deputy chairman of client advisory Americas. The work was one of six bronze casts, the only gilded example still in private hands, and had notable provenance, having been purchased by Eugene and Agnes Meyer at Brâncuși’s first solo exhibition in 1914.

$181.2 Million Pollock, $107.6 Brancusi Million Sell at Christie’s, as Records Fall

Christie's New York auctioned 16 works from the collection of late media magnate S.I. Newhouse for a total of $630.8 million, far exceeding the $450 million estimate. The top lot was Jackson Pollock's "Number 7A" (1948), which sold for $181.2 million, setting a new auction record for the Abstract Expressionist and making him the latest artist to join the $100 million club. Minutes earlier, Constantin Brancusi's bronze sculpture "Danaïde" (1913) achieved $107.6 million, also a record for the Romanian modernist and the second-highest price ever for a sculpture at auction.

Let’s dress like a Mark Rothko! How gen Z fell for the king of colour field paintings

Mark Rothko, the abstract expressionist known for his color field paintings, is experiencing a cultural resurgence among Generation Z on social media platforms like TikTok and Instagram. Videos inspired by his work amass hundreds of thousands of views, with creators styling outfits based on his canvases, assigning his paintings to personality archetypes, and comparing his palettes to dream pop bands like the Cocteau Twins. The Rothko Chapel in Houston, Texas, has also seen a wave of curious young visitors drawn to the meditative, confrontational experience of his art.

Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

TEFAF New York Opened to Crowded Aisles, Bullish Collectors, and Strong Booths

TEFAF New York opened at the Park Avenue Armory with unexpectedly strong crowds and a buoyant mood, defying the typical afternoon lull. Dealers reported heavy foot traffic and sustained conversations, with gallerist Sean Kelly calling it the best edition in years. The fair, running through May 19, features a mix of antiquities, design, modern, and contemporary art, with standout booths including Alison Jacques’s pairing of Dorothea Tanning, Robert Mapplethorpe, and Gordon Parks, and Sean Kelly Gallery’s display of works by Shahzia Sikander and Sam Moyer. The newly launched Pace Di Donna Schrader Galleries made its TEFAF debut with works by Eugène Delacroix, Willem de Kooning, and Alexander Calder.

The Can’t-Miss Moments at TEFAF New York 2026

TEFAF New York 2026 opened to packed crowds at the Park Avenue Armory, showcasing a mix of historic and contemporary works. Highlights include Gagosian’s solo booth of Kathleen Ryan’s bejeweled “Bad Fruit” sculptures, Thaddaeus Ropac’s presentation of monumental canvases by Danish painter Eva Helene Pade, and Axel Vervoordt Gallery’s spotlight on overlooked Italian painter Ida Barbarigo. The fair also features collectible design and perennial favorites like Alexander Calder mobiles and Alighiero Boetti tapestries.

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.

The Met and Neue Galerie Embark on Historic Merger

The Metropolitan Museum of Art and the Neue Galerie in New York have announced a historic merger set for 2028. The Met will acquire the Neue Galerie's Beaux-Arts mansion, renaming it the Met Ronald S. Lauder Neue Galerie (or Met Neue Galerie), while preserving its museum experience. The merger comes ahead of the Neue Galerie's 25th anniversary and its renovations from May to August 2026. Founder Ronald S. Lauder will remain involved, and the Met will supplement the Neue Galerie's programs, research, and digital initiatives. Major fundraising is underway, with the endowment target of $200 million already 80 percent met, supported by Lauder, his daughter Aerin Lauder Zinterhofer, and trustee Marina Kellen French.