christies 2025 sales results analysis

Christie's closed 2025 with $6.2 billion in projected global sales, a nearly seven percent increase from $5.8 billion in 2024 and in line with its 2023 total. Auction sales reached $4.7 billion, up eight percent year-over-year, while private sales held steady at $1.5 billion. The year's top lot was Mark Rothko's *No. 31 (Yellow Stripe)*, which sold for $62.1 million in New York. Other highlights include a record Picasso sale in Hong Kong ($25.4 million) and the Fabergé Winter Egg in London (£22.9 million). The house also saw strong performance from its automobiles business, Gooding Christie's, which delivered $234 million in sales. Geographically, the Americas grew 15 percent to $2.58 billion, while Asia-Pacific slipped 5 percent.

best art world movies 2025

Artnet News has published a roundup of the best art world movies of 2025, highlighting films that explore the anxieties, ambitions, and contradictions of the contemporary art scene. The selection includes Kelly Reichardt's heist film *The Mastermind*, about a man stealing Arthur Dove paintings from a museum; the satire *Auction*, which follows a Parisian auctioneer discovering a long-lost Egon Schiele; the documentary *Art for Everybody*, reexamining Thomas Kinkade's legacy; and Ira Sachs's *Peter Hujar's Day*, a gentle portrait of the photographer's daily life. Spike Lee's *Highest 2 Lowest* also features, marking his entry into the old-guard canon.

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.

family says firm funding its legal battle for stolen paintings sought control of lawsuits

The son of late Palestinian businessman Uthman Khatib, Prince Castro Ben Leon, is suing LitFin Capital, the Prague-based litigation funder that financed his family's legal battle to recover 135 Russian avant-garde paintings allegedly stolen by Israeli Russian Mozes Frisch. The paintings, attributed to El Lissitzky, Kazimir Malevich, and Wassily Kandinsky, are valued at $323 million. A Paris court secured the works in January after they were seized from Paris-based authenticators ArtAnalysis, which had been holding them for Frisch. Castro claims LitFin is now refusing to pay legal bills unless it gains control of the lawsuits, violating their funding agreement. LitFin denies the allegations, stating it has always honored its contractual obligations.

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.

french art world opposes proposal new taxes

Two French parliamentarians, Jean-Paul Matteï and Philippe Juvin, have proposed a new tax regime on art as part of France's 2026 budget, which would make France the only major art market to impose a wealth tax on the mere possession of artworks. The French art world has strongly opposed the proposal, with 27 signatories including Art Basel, auctioneer Drouot, visual artists' rights organization ADAGP, the Association for the International Diffusion of French Art (ADIAF), and the Comité Professionel des Galeries d’Art (CPGA). Critics argue the tax is technically unenforceable, would drive collectors away, and harm the broader art ecosystem.

banksy loan dispute brandler metamorfosi

John Brandler, a British street art specialist, loaned three Banksy works to Metamorfosi, a Rome-based touring exhibition company, for shows in Italy and Switzerland. After a two-year contract expired and was extended with a monthly fee, Brandler claims Metamorfosi has fallen behind on payments and has not returned the artworks, including the mural "Season's Greetings" (2018), "Heart Boy," and "Computer Robot." Another Banksy dealer, Acoris Andipa, says he is owed £45,000 for curatorial services. Metamorfosi disputes the claims, stating it has paid monthly installments and attempted to return the works, blaming storage issues for the delay.

mahmoud khalil nan goldin market tanked palestine activism

Artist Nan Goldin and Palestinian activist Mahmoud Khalil discussed Khalil's 104-day ICE detention, the 'Palestine Exception' to free speech, and the backlash faced by pro-Palestinian activists in a conversation published in Dazed magazine. Khalil was arrested in March 2024 after serving as a negotiator during Columbia University protests, with the Trump administration alleging he undermined foreign policy and later claiming he failed to disclose information on his green card application. Goldin compared her own experience leading the activist group PAIN, which successfully pressured museums to cut ties with the Sackler family over the opioid crisis, noting that pro-Palestinian activism has faced far greater criminal and professional repercussions.

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.

priority bidding phillips

Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

georges seurat a sunday on la grande jatte why so important 2

Georges Seurat's Post-Impressionist masterpiece, *A Sunday on La Grande Jatte* (1884–86), is analyzed in depth for its revolutionary technique and historical context. The painting depicts weekend day-trippers in a Parisian park, employing pointillism—which Seurat called divisionism or *peinture optique*—to fix modern life in a chromatic eternity. Influenced by his academic training under Henri Lehmann (a student of Ingres) and Michel Eugène Chevreul's color theory, Seurat used tiny dots of color that blend in the viewer's eye, merging science with art. The work was preceded by *Bathers at Asnières* (1884), which shares the same landscape and thematic concerns, together portraying both sides of the Seine.

art market mugrabi nahmad kenny schachter

Kenny Schachter critiques the art market's doomsaying media narrative, coining the acronym Salsa (Scribes Always Love Sensational Apocalypse) to describe clickbait-driven hype. He contrasts current market anxieties with past downturns, notably the 1991-1996 recession when the market evaporated, citing a 1991 Roberta Smith article. Schachter observes that the Nahmads and Mugrabis, once feuding families, now invest together, and he recounts his experience at Phillips during his "Hoarder 6" exhibition, where young collectors showed genuine interest. He argues that the market, though wounded, remains healthy and calls for a less transactional, more patient approach to selling art.

taipei dangdai nixes 2026 edition

Taipei Dangdai Art and Ideas, the annual art fair in Taiwan's capital, will not hold its 2026 edition as organizers pause to conduct a strategic evaluation of the fair's model, timing, scale, and format. The decision follows a prolonged contraction in the art market and comes days after the Art Dealers Association of America canceled its long-running Art Show in New York. The fair, which first launched in 2019 and held its sixth edition in May, had seen its exhibitor numbers decline from over 90 to around 50 this year. Co-director Robin Peckham left after the 2025 edition, and the fair's parent organization, the Art Assembly, has removed material about previous editions from its website, with its Instagram account apparently disabled.

global auction sales h1 2025 arttactic analysis

Global auction sales at Christie’s, Sotheby’s, and Phillips fell 6.2% in the first half of 2025 compared to the same period last year, while the number of lots sold rose 1.3%. ArtTactic’s analysis reveals significant category shifts: post-war and contemporary art dropped 19.3% to $1.22 billion, impressionist and modern art fell 7.7% to $989.5 million, and luxury sales were nearly flat. In contrast, Old Masters surged 35.6% to $171.2 million, and design, decorative arts, and furniture rose 20.4% to $172 million. The decline in high-value trophy lots, including the withdrawal of Andy Warhol’s *Big Electric Chair* and Alberto Giacometti’s *Grande tête mince*, contributed to the slump in contemporary sales.

simon de pury artnet hans neuendorf

Simon de Pury pays homage to Hans Neuendorf, the visionary founder of Artnet, following the announcement of Artnet's sale at the end of May. De Pury recounts Neuendorf's background as a successful art dealer who championed underappreciated artists like Francis Picabia, and describes how Neuendorf revolutionized the art world by creating the world's most comprehensive auction results database in 1989 (initially called Centrox). The article contrasts the pre-digital era of manually filing auction results with the instant access Artnet now provides, and notes that Neuendorf later expanded the platform with Artnet News and Artnet online auctions.

art market minute jun 16

Art Basel, the world's largest art fair, returns from June 17 to 22 amid ongoing market contraction and geopolitical instability. Meanwhile, Sotheby's London will auction the private collection of legendary art patron Pauline Karpidas in a 250-lot sale this September, estimated to fetch a record-setting $81 million. Additionally, Frieze will relocate to a new venue in Seoul for its fourth edition in the South Korean capital.

jeffrey deitch sunk low hee280s curating douchebag property developers coney island

Jeffrey Deitch is co-curating a street art exhibition in Coney Island this summer with Joseph Sitt, head of real estate developer Thor Equities. The show features artists including Crash, Lee Quinones, Futura, Kenny Scharf, Miss Van, Lady Pink, Swoon, and Icy Signs, and will debut alongside Smorgasburg Coney Island with 12 food vendors and live music. Deitch previously organized the controversial 2011 exhibition "Art in the Streets" at the Los Angeles Museum of Contemporary Art, which drew large crowds but faced criticism for prioritizing entertainment over scholarship, and included the censorship of a mural by Blu.

decorative art sold 2024

Sales in the decorative-art category—including design objects, furniture, jewelry, and watches—dropped nearly 42% year on year in 2024, netting $3.3 billion, the lowest total in a decade. The average price of a decorative artwork at auction fell 39.5% to $13,010, also the lowest since 2014. Sotheby’s and Christie’s remained nearly tied, with Sotheby’s edging ahead by $72.9 million. Europe led regional sales with $1.3 billion, followed by Asia at $1 billion and North America at $898 million.

by the numbers despite 70 million giacometti failure sothebys made money at modern evening sale

Sotheby's Modern art evening sale in New York generated $186.4 million in total sales after fees, but the headline was the failure of Alberto Giacometti's 1955 sculpture *Grande tête mince (Grande tête de Diego)*, estimated at $70 million, which failed to receive a single bid. Despite the high-profile flop, Sotheby's walked away with $34.4 million in buyer's premium net of fees paid to third-party backers, and because it did not guarantee the Giacometti, it faced no financial risk from the unsold lot. The top seller was Pablo Picasso's *Homme assis* (1969), which sold for $15.1 million with fees. The sale's sell-through rate was 76.9 percent, and the hammer total of $152 million fell $88.3 million below the presale low estimate.

justin sun david geffen feud heats up

Crypto billionaire Justin Sun and entertainment mogul David Geffen are locked in an escalating legal battle over Alberto Giacometti's sculpture *Le Nez*. Sun purchased the work for $78.4 million at Sotheby's in 2021, but claims his former art adviser Sydney Xiong fraudulently sold it to Geffen for $10.5 million in cash and two paintings, using forged documents and fictitious lawyers. Sun filed suit in New York in February; Geffen countersued in April, calling the allegations "bizarre and baseless" and accusing Sun of "seller's remorse." Sun's legal team now asserts that Xiong has been detained in China since February, while Geffen's camp points to inconsistencies in Sun's story and his broader financial and legal troubles.

how much should an art fair cost

Frieze, the international art fair group, has been sold to Ari Emanuel, the Hollywood power broker who previously owned it through Endeavor. Emanuel acquired Frieze via a new, unnamed company from his former entertainment conglomerate, which was recently taken private by Silver Lake. The deal, valued at approximately $200 million according to sources, includes all seven fairs, Frieze magazine, and the No. 9 Cork Street exhibition space. Simon Fox will remain CEO. The sale comes just days before Frieze New York’s 2025 edition and follows months of speculation about the fair's future ownership.

kamala culture failure

Ben Davis, an art critic, analyzes the failure of Kamala Harris's 2024 presidential campaign through the lens of its visual culture, particularly a MoveOn.org poster in Brooklyn that renders Harris's face entirely from emojis—smiley eyes, fist-bump skin, octopus lips, and coconut necklace. He argues this poster epitomizes the campaign's reliance on incoherent internet vibes and substance-free memes, contrasting it with Shepard Fairey's uninspired "FORWARD" poster and the self-parody of "Brat Summer" aesthetics. Davis blames Democratic Party consultants for wasting over $1 billion on a campaign that failed to connect with voters on economic anger, instead offering wonkish proposals and appeals to nonexistent Liz Cheney Republicans.

Collaged Denim Sculptures by Nick Doyle Unravel American Mythology

Brooklyn-based artist Nick Doyle creates large-scale wall sculptures using layered and bleached denim, exploring American mythology and its contradictions. His solo exhibition "Collective Hallucinations" at Perrotin features works such as stylized cacti, landscapes, tarot cards, and a fortune teller's shop, all rendered in denim. Doyle's practice began after finding a discarded roll of denim in 2018, which he saw as a metaphor for the complexities of American history, including slavery, masculinity, and Manifest Destiny.

11 Art Shows to See in the Hudson Valley in May 2026

The article surveys 11 art exhibitions opening across the Hudson Valley in May 2026, highlighting a regional preoccupation with structure, materiality, and resistance to singular narratives. Featured shows include "Surface, Structure, String" at Hudson Hall, a textile survey curated by Richard Saja with artists like Portia Munson and Laleh Khoramian; "Jose Picayo: 35 Years in Photographs" at Robin Rice Gallery; "The Linda McCartney Retrospective: From the Light" at the Fenimore Art Museum; "Carol Seitz: Growth in Difficult Places" at Convey/er/or; and "Stephen Olivier: Hazmat" at ASK in Kingston, among others.

Queer Arts Festival opens Portals for emerging artists and contrasting journeys

The Queer Arts Festival (QAF) in Vancouver opens its 16th annual edition from June 6 to 28, featuring a signature visual exhibition titled "Portals" at Centre A: Vancouver International Centre for Contemporary Asian Art from June 21 to August 23. Curated by Mark Takeshi McGregor and Diane Hau Yu Wong, the exhibition showcases six emerging and local artists—Arkah, Evan Matchett-Wong, Sena Cleave, Miles Saraswat, Christian Yves Jones, and Naomi Maya Leung—whose works explore themes of queerness, migration, diaspora, and belonging through photography, sculpture, embroidery, film, and mixed media. The festival also includes concerts, media screenings, and community events, serving as a sanctuary for 2SLGBTQIA+ communities amid rising anti-trans and anti-queer rhetoric.

How an Art Event in the California Desert Became a Community

High Desert Test Sites (HDTS), a long-running, itinerant art event in the California desert, is approaching its 25th anniversary. Founded by artist Andrea Zittel, it has evolved from a series of experimental artist projects into a vital, decentralized community network that fosters collaboration and dialogue between artists and local residents.

The Antwerp Six and the Problem of Now

A new exhibition at MoMu in Antwerp, guest-curated by Geert Bruloot, explores the enduring legacy of the 'Antwerp Six'—a group of visionary designers who graduated from the Royal Academy of Fine Arts in the 1980s. The show features dedicated rooms for members including Walter Van Beirendonck and Dirk Van Saene, showcasing their distinct aesthetics ranging from maximalist rave-wear to surrealist runway recreations. It traces their journey from a self-funded trip to a London trade fair in 1986 to becoming global icons who challenged the dominance of Parisian couture.

Primitivism to Reinvent Art

Le primitivisme pour réinventer l’art

Philippe Dagen has published the third and final volume of his series on primitivism, covering the period from World War II to the late 1970s. The book traces how Western artists, from Barnett Newman and Jackson Pollock to members of the CoBrA movement and figures like Jean Dubuffet, Lucio Fontana, and Yayoi Kusama, engaged with so-called "primitive" art from Africa, Oceania, and the Americas, often as a means of rejecting or redefining modern civilization. Dagen also examines the intellectual debates surrounding primitivism, including the critiques of colonized peoples who refused the label "primitive," and the shifting attitudes of thinkers like Claude Lévi-Strauss, Michel Leiris, and Aimé Césaire.

Krakow’s MOCAK Sacks Director Adam Budak, Angering Artists

The City of Krakow dismissed Adam Budak as director of the Museum of Contemporary Art in Krakow (MOCAK) on May 16, citing improper performance of duties related to work organization and team management. Budak, who took the helm last summer, was replaced by acting director Grzegorz Kuźma, formerly the museum's deputy director, and will be officially terminated when his contract ends June 30. The dismissal followed an internal investigation spurred by a complaint signed by thirty-seven MOCAK staffers. In response, artists and curators including Paulina Olowska, Sabine Breitweiser, Alison Gingeras, and Candice Breitz signed a petition demanding Budak be heard, while several artists withdrew from MOCAK's 2026–27 programming.

International artists speak of life as resistance, inspired by George Grosz: The exhibition in Rome

Artisti internazionali parlano della vita come resistenza, ispirandosi a George Grosz. La mostra a Roma

Tim Van Laere Gallery in Rome is hosting "Lust for Life," a group exhibition that explores the human impulse for creative resistance against societal fragility and global conflict. The show is anchored by the historical works of German artist George Grosz, whose drawings from 1912 to 1947 depict the alienation, loss of identity, and physical decay caused by world wars and totalitarian power.