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Fair Warning Expands With Saara Pritchard, Doubling Down on ‘Conviction’ in a Crowded Art Market

Loïc Gouzer’s boutique auction app, Fair Warning, is expanding its leadership by appointing Saara Pritchard, a veteran specialist from Christie’s and Sotheby’s, as a partner. Since its 2020 launch, the platform has carved out a niche by rejecting the high-volume model of traditional auction houses in favor of a highly curated, "one work at a time" approach. This strategy has proven lucrative, recently achieving a record $16.7 million for an Andy Warhol portrait and a $4.07 million record for Elizabeth Peyton.

Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.

Art trade stays buoyant amid global turmoil

Major London auction houses Sotheby's and Christie's posted strong results in early March, with their Modern and contemporary art evening sales raising £131m and £197m respectively. These figures represented significant increases over the previous year, with high sell-through rates, despite concurrent geopolitical turmoil in the Middle East. Key lots included Francis Bacon's 'Self Portrait' selling for £16m and Henry Moore's 'King and Queen' achieving a record £26.3m.

auctions houses middle market competition art

The auction industry's "middle market"—typically defined as lots under $1 million—is facing a period of intense competition and shrinking profit margins. While these lower-priced works account for the vast majority of transaction volume and a significant portion of earnings, the overhead costs of selling them remain high. Furthermore, aggressive financial maneuvers like guarantees and "enhanced hammers," once reserved for blue-chip masterpieces, are now being demanded by sellers and advisors at much lower price points.

christies unveils new rostrum designed jony ive apple former chief design office

Christie’s has unveiled a new auctioneer’s rostrum designed by Jony Ive and his design collective, LoveFrom. The sleek, oak-wood platform replaces the traditional design originally created by Thomas Chippendale in the 18th century, which had been the standard for the auction house for over 260 years. Crafted from French oak, the new rostrum features a contemporary rounded aesthetic and was engineered specifically to enhance the acoustic resonance of the auctioneer's gavel.

phillips modern contemporary sale london

Phillips’s Modern and contemporary evening sale in London concluded with a total of £13 million ($17.3 million), marking a 16 percent decline compared to the previous year's equivalent auction. The sale was led by Andy Warhol’s "Mao" and Vilhelm Hammershøi’s "Interior of Woman Placing Branches in Vase on Table," both of which fetched £1.6 million including fees. Despite the overall contraction in total sales, the auction saw a significant breakout for Danish painter Anna Ancher, whose work "Young Girl Reading a Letter" sold for £154,800, tripling its high estimate and setting a new auction record for the artist.

apple steve jobs memorabilia auction

A major auction of Apple memorabilia and personal items belonging to Steve Jobs realized $8.1 million. The top lot was the first check ever issued by Apple, signed by founders Steve Jobs and Steve Wozniak in 1976, which sold for $2.4 million. Other significant items included an early Apple-1 prototype board and personal effects from Jobs's childhood home, including his bedroom desk and a collection of bowties.

public television richer bob ross auction

Three paintings by Bob Ross sold for up to thirteen times their high estimates at a Bonhams Skinner auction, raising $1.3 million for American Public Television. The top lot, 'Change of Seasons' (1990), painted live on his TV show, fetched $787,900, setting a new high for Ross at a traditional auction house.

phillips records 10 rise in global sales for 2025 taking 927 m as private sales surge by 66

Phillips reported global sales of $927 million for 2025, a 10% increase over the previous year. Auction sales accounted for $725 million, while private sales surged 66% to $202 million. The auction house attributed growth to the launch of Priority Bidding, a platform offering reduced buyer's premiums for early bids, which led to a 275% increase in early selling bids. Phillips achieved an 88% sell-through rate by lot, with seven white-glove auctions and over 110 world auction records. Notable sales included a Patek Philippe watch for $17.6 million and Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) for $16 million. The luxury watch division generated $290 million, its highest annual total, and the Dropshop platform attracted many first-time and younger buyers.

yves bouvier de sarthe 91 works lawsuit

Swiss art dealer Yves Bouvier has filed a motion in federal court in Manhattan to recover 91 artworks valued at an estimated $100 million, which he claims were entrusted to French dealer Pascal de Sarthe. Bouvier is seeking to compel at least 15 banks and two major auction houses—Sotheby's and Christie's—to provide information about the artworks' whereabouts. The legal action, initiated in Hong Kong in October, targets de Sarthe, who disputes Bouvier's ownership. Bouvier alleges that after his long-running legal battle with Russian billionaire Dmitry Rybolovlev, he was blacklisted by auction houses and entered into an oral agreement with de Sarthe and dealer Jean Marc Peretti for custody of the artworks, but de Sarthe has allegedly failed to respond to inquiries. A Hong Kong hearing was held in early October for orders including injunction and preservation.

bouvier us discovery 91 missing artworks

Swiss art dealer Yves Bouvier has filed a Section 1782 petition in US federal court to locate 91 artworks he claims are his, worth approximately $100 million. The filing targets roughly 15 major banks and two auction houses (Sotheby's and Christie's) to compel disclosure of financial and transactional records. The request is tied to Hong Kong legal proceedings against French dealer Pascal de Sarthe, whom Bouvier accuses of failing to return works placed with him for safekeeping. De Sarthe disputes Bouvier's ownership, and his attorney has asked the New York court to delay or deny the application as premature.

lalanne hippopotame bar 31m sothebys record

François-Xavier Lalanne’s copper sculpture-bar 'Hippopotame Bar' sold for $31.4 million at Sotheby’s in New York, more than tripling its $7–10 million estimate after a 26-minute bidding war among seven bidders. The work, commissioned in 1976 by patron Anne Schlumberger and unique in its copper execution, set a new auction record for the artist and became the most expensive work of design ever sold at auction. The sale capped a year of strong performance for Lalanne’s hybrid animal-furniture works, which have consistently outperformed expectations even in a tougher art market.

rediscovered rubens painting sells france

A long-lost painting by Peter Paul Rubens, unseen for four centuries, was sold at auction in Versailles for €2.94 million ($3.4 million), nearly double its high estimate. Created in 1613, the work depicts Jesus Christ on the cross and was discovered in a private Paris townhouse by auctioneer Jean-Pierre Osenat. The painting was authenticated by German art historian Nils Büttner through X-ray imaging and pigment analysis, and its provenance traces back to the 19th-century French painter William-Adolphe Bouguereau.

collector sues sothebys modigliani authenticity

Collector Charles Cahn has filed a lawsuit against Sotheby’s in New York Supreme Court, alleging the auction house reneged on a buy-back agreement made in 2016 regarding a Modigliani portrait he purchased in 2003. Cahn paid $1.55 million for *Portrait de Leopold Zborowski* at a Sotheby’s Impressionist and modern sale, and later agreed to consign the work back to Sotheby’s if he sold it within 15 years, with the house guaranteeing the greater of the original price plus 2.5% annual compound interest or the future sale price, and waiving vendor fees. However, Cahn claims that in April 2016, Sotheby’s own appraisal questioned the painting’s authenticity, stating it failed certain criteria and would have no sale value in the international art market. Despite Cahn’s letters in June and September 2024, Sotheby’s has not responded, leading to the breach-of-contract claim seeking at least $2.7 million in damages.

triceratops gros delettrez dinosaur sale

Parisian auction house Gros and Delettrez is offering a 66 million-year-old Triceratops prorsus skull on December 11, with an estimate of €300,000–€500,000 ($345,615–$576,025). The specimen, which surfaced from Wyoming's Lance Formation, is exceptionally complete with over 70 percent of its original bones and all three original horns intact. This marks the auction house's first dinosaur offering and will christen its new Rive Gauche headquarters, with the skull going on view on December 9 alongside works by Pablo Picasso and Pierre Soulages.

collector sues sothebys modigliani painting authenticity

Collector Charles C. Cahn, Jr. has filed a lawsuit against Sotheby’s in the Supreme Court of the State of New York, alleging the auction house refuses to resell a painting attributed to Amedeo Modigliani that he purchased in 2003 for $1.55 million. The work, titled *Portrait de Leopold Zborowski* (1917), was consigned under a 2016 agreement allowing Cahn to resell it within 15 years, but Cahn claims Sotheby’s raised authenticity concerns and failed to respond to his recent attempts to consign the piece. He is seeking $2.67 million in damages.

phillips evening sale 2025 stats

Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.

churchill painting hudsons bay company auction

The Hudson's Bay Company, a historic Canadian department store chain that declared bankruptcy in March, began selling off its art collection. On November 19, 27 paintings from the retailer's trove were auctioned by Canadian auction house Heffel, all selling well above estimate. The top lot was an impressionistic painting of a Marrakech street by Winston Churchill, which sold for $1.5 million, more than tripling its low estimate. Other notable sales included Frederic Marlett Bell-Smith's 'Lights of a City Street' at $691,250 and works by William von Moll Berczy and Charles Pachter.

alexander calder painted wood mobile christies

Alexander Calder's painted wood mobile "Painted Wood" (ca. 1943) sold for $20.4 million at Christie's 20th-century evening sale in New York, exceeding its $15–$20 million estimate. The work, from the collection of Patricia Phelps de Cisneros, was acquired over 30 years ago and made its auction debut. Bidding was competitive among Christie's staffers Alex Rotter, Max Carter, and Patrick Saich, with Saich winning the lot for a client after a brief technical hiccup. The result is the second-highest price ever for a Calder at auction, behind "Poisson volant (Flying Fish)" (1957) which sold for $25.9 million in 2014.

picasso panama papers ganz collection

The Panama Papers leak has revealed that the 1997 sale of the Victor and Sally Ganz collection at Christie's New York was secretly orchestrated by billionaire currency trader Joseph Lewis. Lewis had already purchased the top works from the collection through a Christie's subsidiary, Spink & Son, months before the auction, and structured a guarantee that shared profits above $168 million. The sale, which set a private collection auction record at $206 million, included Pablo Picasso's "Women of Algiers (version O)" fetching $31.9 million. The documents also confirm that a Modigliani painting involved in a Nazi restitution case belongs to the Nahmad family.

kurt cobain nirvana guitar christies

A 1969 Fender Competition Mustang guitar owned by Nirvana frontman Kurt Cobain is being auctioned by Christie's in March, with an estimated price of $2.5–$5 million. The guitar was used on the albums *Nevermind* and *In Utero*, as well as in the music video for "Smells Like Teen Spirit" and numerous live performances. It is part of the Jim Irsay Collection, assembled by the late Indianapolis Colts owner, which includes instruments from John Lennon, Jimi Hendrix, Prince, and others.

sara friedlander christies chairman post war contemporary art

Sara Friedlander has been named chairman of Post-War & Contemporary Art for the Americas at Christie's. In an interview, she discusses her philosophy of prioritizing client relationships and the art itself over market speculation, criticizing the trend of 'wet paint' sales that inflate young artists' prices. She has overseen major private collection sales including the Edlis | Neeson Collection, which will anchor Christie's 21st Century Sale, and has set records for artists like Ernie Barnes and Joan Mitchell.

canaletto 2026 christies old masters sale

A Canaletto painting titled *Venice, the Bucintoro at the Molo on Ascension Day* (ca. 1754) will lead Christie’s Old Masters sale in New York this February 2026, with an estimate of over $30 million. The monumental canvas, commissioned by the King family (later Earls of Lovelace), is the last known version of this subject by the artist. It last sold at Christie’s 20 years ago during the Champalimaud Collection sale, setting a record. The work will tour exhibitions in New York, Hong Kong, and London before returning to New York for a pre-sale exhibition.

pablo picasso dora maar portrait sells 37 million

A previously little-known Pablo Picasso portrait of Dora Maar, titled *Bust of a Woman with a Flowered Hat (Dora Maar)* (1943), sold for $37 million at Lucien Paris auction house on October 24, 2025—nearly four times its $9.5 million estimate. The painting had been owned by the same family since 1944 and was shown publicly for the first time in 80 years at Hôtel Drouot before the sale. Auctioneer Christophe Lucien called it the highest auction price for any artwork in France this year.

french artist invader lawsuit julien auctions street art

French artist Invader, whose real name is Franck Slama, sued the parent company of Julien Auctions for copyright infringement, theft, and violations of the Visual Artists Rights Act. The lawsuit claims 15 of his original mosaic artworks were stolen from their installation sites worldwide—including Tokyo, Paris, and other French locations—damaged or distorted, and then offered in the auction house's "Street Art: Paint & Pavement" sale on September 25. Invader demanded the works be removed, and a U.S. District Court in California granted a restraining order halting the auction of those pieces. The auction house's co-founder Martin Nolan defended the sale, arguing that street art created in public spaces transfers ownership to those who lawfully acquire it.

unknown pablo picasso painting dora maar for sale

A Pablo Picasso painting of Dora Maar, titled *Bust of a Woman in a Flowery Hat (Dora Maar)*, has been consigned to the Paris auction house Lucien Paris after not being seen publicly for 80 years. Painted in 1943 and last exhibited in 1944, the work was inherited by the anonymous seller from a grandparent. It is currently on view at Hôtel Drouot and will be auctioned on October 24 with an estimate of approximately $9.5 million. Photographic evidence of the painting appears in 1944 photos by Brassaï of Picasso’s studio.

max carter christies chairman 20th and 21st century art americas

Christie’s has appointed Max Carter as chairman of 20th and 21st Century art for the Americas. Carter, a Canadian-American writer and art specialist who joined the auction house in 2007, previously led the Impressionist and modern art department in the Americas from 2017 to 2022. He has overseen major collection consignments from Anne Bass, Paul Allen, S.I. Newhouse, Mica Ertegun, Robert F. Weis and Patricia G. Ross Weis, and Elaine Wynn, and has achieved record prices for artists like Ed Ruscha and Henri Rousseau. Carter will report to Christie’s global president and succeeds in the role as the auction house prepares for its marquee November sales in New York.

lost jesus painting peter paul rubens paris mansion osenat

A long-lost painting of Jesus Christ's crucifixion by 17th-century Flemish master Peter Paul Rubens, titled *Christ on the Cross* (1613), was discovered in a Parisian mansion by auctioneer Jean-Pierre Osenat last September. The large Baroque work, measuring 42 by 29 inches, was authenticated by German curator and art historian Nils Buttner, chairman of the Centrum Rubenianum, through X-ray imaging and pigment analysis. It will be auctioned by Osenat's auction house in Fontainebleau on November 30, with no estimate yet released.

christies lawsuit milos vavra egon schiele nazi looted art

A Czech man named Milos Vavra, a descendant of Jewish cabaret performer and collector Fritz Grünbaum who was murdered by the Nazis, has filed a lawsuit against Christie's in New York Supreme Court. Vavra demands that the auction house disclose the ownership and location of several blue-chip artworks from the Grünbaum Collection, including works by Egon Schiele. He alleges that Christie's entered a nondisclosure agreement with a Swiss family seeking to auction looted artworks, and he needs the information urgently to file claims before the Holocaust Expropriated Art Recovery Act (HEAR Act) statute of limitations expires in late 2026.

sasan ghandehari lawsuit christies picasso auction guarantee

Collector Sasan Ghandehari has filed a lawsuit against Christie’s in the High Court of England & Wales, alleging the auction house failed to disclose that a Picasso painting he guaranteed was owned by a man convicted of drug-related charges. The work, Picasso’s *Femme dans un rocking-chair* (1956), was offered in a February 2023 London evening sale with a third-party guarantee from Ghandehari’s company, Brewer Management Corporation (BMC). Ghandehari claims Christie’s told him the owner was José Mestre Jr., but the painting actually belonged to his father, José Mestre Sr., who was sentenced to nine years in prison after 202 kilos of cocaine were found on a cargo ship in 2010. The lawsuit seeks to cancel the guarantee contract and recover a £4.8 million partial payment.