Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

Damien Hirst | Hands in Prayer (Coral) (2010) | For Sale

This article is a sales listing for Damien Hirst's sculpture "Hands in Prayer (Coral)" (2010), a limited-edition bronze work from his series "Treasures from the Wreck of the Unbelievable." The piece is offered by Kristy Stubbs Gallery in Dallas, Texas, priced at $225,000. The listing includes details about the work's materials, dimensions, edition number (2/3), and condition, along with a biography of Hirst highlighting his career as a Young British Artist, his major exhibitions at institutions like Tate Modern and the National Gallery of Art, and his record-breaking auction sales.

Joan Mitchell becomes most expensive female artist at auction in Asia with US$17.6m Sotheby's sale

Joan Mitchell’s diptych "La Grande Vallée VII" sold for HK$137 million (US$17.6 million) at Sotheby’s Hong Kong, setting a new record for the most expensive work by a female artist ever sold at auction in Asia. The 1983 masterpiece, part of a celebrated 21-painting cycle dedicated to a grieving friend, led a successful Modern and Contemporary Evening Auction that saw a 100% sell-through rate for its 54 lots. Other notable results included a Mark Rothko canvas that more than doubled its low estimate and significant sales for works by Sanyu and Zao Wou-Ki.

Six artists having a museum moment: Basquiat, Hockney, Bove, Brown, Wylie and Goldin

Six blue-chip artists are currently experiencing a significant wave of institutional recognition through major museum exhibitions across the globe. Cecily Brown is preparing for a homecoming solo show at London’s Serpentine South, while Jean-Michel Basquiat is the subject of a focused study on his works on paper at Denmark’s Louisiana Museum of Modern Art. Other featured artists include David Hockney, who recently opened a massive 400-work retrospective at the Fondation Louis Vuitton, alongside Carol Bove, Rose Wylie, and Nan Goldin.

Meet 14 Women Shaping India’s Booming Art Scene

Artsy profiles 14 influential women who are shaping India's rapidly evolving art market, including Nita Mukesh Ambani, Jaya Asokan, Shireen Gandhy, and others. The article highlights their roles as founders, directors, collectors, and patrons, with a focus on the upcoming 17th edition of the India Art Fair, which will feature a record 135 exhibitors. Each woman is described as contributing to the growth of galleries, auction houses, biennales, and cultural institutions across the country.

Art market 2026 predictions: underwhelming rebound and another Frieze fair

The article presents five predictions for the art market in 2026, following a relatively improved but still cautious end to 2025. Key forecasts include a subdued market rebound, a shift toward smaller and cheaper artworks, the continued expansion of Frieze fairs (possibly into India), a consolidating Art Basel, and a resurgence of London's art-world clout. The predictions are informed by trends such as declining demand for art as investment, gallery closures and geographic pruning, and the thematic direction of the 2026 Venice Biennale, curated by the late Koyo Kouoh under the title "In Minor Keys."

‘The challenge will be to sustain it’: was the autumn art market boom more than just a blip?

The autumn art market saw a significant upturn, with strong sales at Frieze London, Art Basel Paris, and New York auctions, including a $236.4 million Klimt and a $2.2 billion auction week in New York—up 77% year-on-year. Emerging London galleries like Ginny on Frederick, Rose Easton, and A. Squire have reinvigorated Frieze London, while Paris benefits from luxury-house funding, with the Fondation Cartier and Fondation Louis Vuitton hosting major shows. However, concerns persist about sustainability, as geopolitical volatility and post-Brexit challenges continue to affect the market.

The 10 Best Booths at Art Basel Miami Beach 2025

Art Basel Miami Beach returned for its 23rd edition on December 3, 2025, with VIP previews at the Miami Beach Convention Center. The fair features 283 galleries from 43 countries, alongside nearly 20 satellite fairs including NADA and Untitled Art. Notable sales include a $5.5 million Gerhard Richter painting at David Zwirner and a $15 million Frida Kahlo miniature self-portrait at Weinstein Gallery. Director Bridget Finn expressed optimism about the fair's energy and its role in connecting contemporary art with music, fashion, and film.

$5.5 million Gerhard Richter painting leads Art Basel Miami Beach opening sales.

Art Basel Miami Beach 2025 opened on December 3 with strong sales, led by David Zwirner's sale of an abstract Gerhard Richter painting for $5.5 million. Other major transactions included a $4 million George Condo work at Hauser & Wirth, a $3.3 million Alice Neel painting at David Zwirner, and a $2.85 million Willem de Kooning at White Cube. Hauser & Wirth reported sales 40% higher than its entire 2024 fair week within the first three hours.

‘Christmas came early’: Art Basel Miami Beach opens with avalanche of blue-chip sales

Art Basel Miami Beach opened its 23rd edition with a surge of blue-chip sales, signaling renewed market confidence. Major galleries reported strong early results: David Zwirner sold a Gerhard Richter painting for $5.5m and an Alice Neel for $3.3m; Hauser & Wirth saw sales 40% higher than last year, including a George Condo for nearly $4m and a Louise Bourgeois for $3.2m. Other notable sales included works by Alex Katz, Pablo Picasso, Sam Gilliam, and Robert Rauschenberg, with 283 galleries participating at the Miami Beach Convention Center.

‘Really encouraging’: Phillips’s modern and contemporary sale continues New York auction momentum

Phillips’s modern and contemporary evening sale on 19 November generated nearly $54.8 million ($67.3 million with fees), a 25% increase over the same sale last year. Out of 33 lots, only two failed to sell, achieving a 94% sell-through rate. The top lot was Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967), which hammered at $13.5 million, followed by an untitled Joan Mitchell work from 1957-58 at $12 million. The sale also included natural history objects for the first time, such as a juvenile Triceratops skeleton nicknamed 'Cera,' which sold for $4.35 million. Female artists performed strongly, with Ruth Asawa’s copper wire sculptures sparking lengthy bidding wars and Firelei Báez setting a new artist record that was later broken at Christie’s the same evening.

Sotheby’s Shatters Records at Its Breuer Debut as a $236.4M Klimt Leads the $706M Evening Sale

Sotheby's held its debut evening sale at the Breuer building in New York on November 18, achieving a record-breaking $706 million total. The highlight was the white-glove auction of Leonard A. Lauder's collection of 20th-century masterpieces, which alone brought $527.5 million. Gustav Klimt's portrait *Bildnis Elisabeth Lederer* (1914-16) sold for $236.4 million, setting a new record for the artist and for Sotheby's Modern category. The evening also included a strong Contemporary sale led by Maurizio Cattelan's golden toilet at $12.1 million, with active bidding from Asian collectors.

In the Studio With 33 of the Hottest Art Stars on the Planet

Vanity Fair profiles 33 emerging art stars who have broken into the upper echelon of the art world within the last five years, despite a contracting art market. The feature, written by Nate Freeman and photographed by Jeff Henrikson, highlights artists like Jadé Fadojutimi, Anna Weyant, and Chase Hall, whose work commands high prices and long waiting lists from top collectors. The selection was based on research including gallerist interviews, museum acquisitions, auction results, and dealer insights.

Slim Phillips London Sale Totals $13.9 Million, Off 32 Percent From 2024

Phillips London's evening sale of Modern and contemporary art on Thursday totaled £10.3 million ($13.9 million), a 32 percent drop from the equivalent sale in 2024. The 45-minute auction saw 4 of 26 lots withdrawn before bidding, and 4 of the remaining 22 failed to sell, including works by Banksy, Andreas Gursky, Sigmar Polke, and Andy Warhol. The top lot was Jean-Michel Basquiat's *Untitled (Pestus)* (1982), which sold for £2.37 million ($3.19 million), just below its estimate. A new auction record was set for Emma McIntyre, whose painting *Seven types of ambiguity* (2021) more than doubled its high estimate to fetch £167,700 ($225,355).

The Art Insider's Guide To Frieze London

Sophia Penske, founder of Penske Projects and art advisor at Gagosian Art Advisory, presents an insider guide to Frieze London week (October 13, 2025). The article highlights key gallery exhibitions including Ed Ruscha's new linen paintings at Gagosian Davies Street, El Anatsui's wooden sculptures at Goodman Gallery, Danielle Fretwell's still lifes at Alice Amati, Victor Man's dreamlike works at David Zwirner, Danny Fox's colorful paintings at Hannah Barry, and Lenz Geerk's portraits at Massimo De Carlo. It also previews museum shows like Kerry James Marshall's "The Histories" at the Royal Academy of Arts and mentions satellite fairs and auction previews.

Evelyn Lin to Lead Sotheby’s Asia Modern and Contemporary Art, After Pace Hong Kong Shutters

Evelyn Lin is returning to Sotheby’s as chairman of Modern and contemporary art, Asia, starting November 3, after a one-year stint at Pace gallery. She will help lead the inaugural marquee sale at Sotheby’s new global headquarters in New York’s Breuer Building. The appointment follows the departure of Elaine Holt and the closure of Pace’s Hong Kong space, which will not renew its lease at H Queen’s after its current exhibition closes on October 18.

Phillips' Priority Bidding drives 100% sell-through at Hong Kong evening sale, totalling US$20.5m

Phillips achieved a 100% sell-through rate at its Modern and Contemporary Art Evening Sale in Hong Kong on 27 September, totaling nearly HK$160 million (US$20.5 million). All 20 lots sold, with six works exceeding HK$10 million. The top lot was Yoshitomo Nara's *Pinky* (2000), which sold for HK$56.64 million (US$7.2 million) after its estimate was lowered from HK$60–80 million to HK$35–55 million. The sale was the first major test of Phillips' new Priority Bidding (PB) system, which offers a reduced buyer's premium to collectors who place written bids at or above the low estimate at least 48 hours before the auction. Seven lots were withdrawn and several estimates revised downward ahead of the sale, contributing to the white-glove result.

Who Are the 10 Top-Selling Living American Artists?

Artnet's Auction Price Database reveals the top 10 living American artists by auction sales value in 2024, with the U.S. art market generating $4.3 billion. The list includes Cindy Sherman ($180.9 million total sales, record $6.8 million for Untitled Film Stills), Mark Bradford ($226.6 million, record $12 million for Helter Skelter I), and Mark Grotjahn ($241 million, record $16.8 million for Untitled (S III Released to France Face 43.14)). Sherman is the only woman and photographer on the list; Bradford is the only African American and represented the U.S. at the 2017 Venice Biennale; Grotjahn is a California-based abstract painter.

When Gagosian Goes So Do His Galleries, How Hockney’s Swimmer Swam Away, and Green Shoots in the Gallery World

Kenny Schachter's article opens with a broad critique of the political climate under the Trump administration, linking it to a chilling effect on free speech and democracy, before pivoting to the art world. He notes the absence of a U.S. representative for the 61st Venice Biennale, mentions Marilyn Minter's protest piece, and references David Hockney's *Portrait of an Artist (Pool with Two Figures)* at Christie's. The piece also touches on market negativity, the resilience of art, and skepticism about the Middle East as a market savior.

'Kerry James Marshall: The Histories,' Largest-Ever UK Exhibition of the Artist Includes New Paintings Exploring Role of Black Africans in Transatlantic Slave Trade

The Royal Academy of Arts in London has opened 'Kerry James Marshall: The Histories,' the largest-ever UK exhibition of the American artist, featuring over 70 works spanning 1980 to the present. The show includes eight new paintings that confront the transatlantic slave trade and the role of Black Africans who participated in the enslavement of their own people, alongside celebrated pieces like 'A Portrait of the Artist as a Shadow of His Former Self' (1980) and 'Knowledge and Wonder' (1995), the latter displayed outside Chicago for the first time.

Jenny Saville: ‘You are having a conversation with the paint, as well as with the sitter’

British artist Jenny Saville, known for her monumental paintings of the female form, is the subject of a major survey exhibition titled "The Anatomy of Painting" at the National Portrait Gallery in London, which opened in June. The show traces her practice from the 1990s to the present day, featuring portrait heads and figures that push the boundaries of portraiture. Saville, who broke the auction record for a living female artist in 2018 when her self-portrait "Propped" (1992) sold for £9.5m at Sotheby's, discusses her influences—including Lucian Freud, Francis Bacon, and Frank Auerbach—and her ongoing exploration of corporeality and painterliness in an interview with The Art Newspaper.

Gagosian's spring show skips and rhymes through De Kooning's career

Gagosian Gallery in New York has opened "Willem de Kooning: Endless Painting," a non-chronological exhibition curated by Cecilia Alemani that spans the artist's career from 1944 to 1986. The show features institutional loans from MoMA and the Guggenheim, includes two sculptures—including the colossal bronze "Standing Figure" displayed indoors for the first time in nearly 30 years—and runs through June 14. A panel with artists John Currin and Dana Schutz will explore de Kooning's influence on May 15.

Huge Paris exhibition reveals David Hockney’s love of Van Gogh

A major exhibition at the Fondation Louis Vuitton in Paris, titled "David Hockney 25," showcases 400 works by the British artist, with a focus on the past 25 years of his career. The show highlights Hockney’s deep admiration for Vincent van Gogh, featuring a section called "The Great Wall" that includes 29 Van Gogh reproductions alongside works by other artists. Key pieces on display include Hockney’s portrait of his partner Jean-Pierre Gonçalves de Lima, inspired by Van Gogh’s "Sorrowing Old Man," and iPad drawings echoing Van Gogh’s sunflower still lifes. The exhibition runs until 31 August.

At Sotheby’s, a $70M Giacometti Fails to Sell While Works By Munch and Cézanne Ignite Buyer Excitement

Sotheby’s Modern Evening Auction on May 13, 2025, achieved $186.4 million in sales but was overshadowed by the failure of its headline lot: Alberto Giacometti’s hand-painted bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70 million. The work, consigned by the Soloviev Foundation, went unsold after minimal bidding, lacking a guarantee or irrevocable bid. Other highlights included a strong performance by Edvard Munch and Paul Cézanne works, with 40% of lots exceeding high estimates. Notable sales included Georgia O’Keeffe’s *Leaves of a Plant* ($12.97 million) and Alexander Calder’s *Four Big Dots* ($8.285 million), both fresh to market.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

Our Guide to New York Art Week 2025

New York Art Week 2025 is condensed into a single mega-week starting May 5, featuring major art fairs including Frieze New York, Independent, and TEFAF New York, alongside gallery openings, auction previews, and museum shows. The guide provides a day-by-day itinerary, fair overviews, and practical tips for navigating the week, emphasizing that many events are ticketed or free and do not require VIP passes.

Charge of the Indian art brigade

At a Christie’s auction in New York’s Rockefeller Center, an untitled work (Gram Yatra) by MF Husain sold for over Rs 118.7 crore ($13.8 million), becoming the most expensive modern Indian painting ever sold. The buyer is reportedly collector and philanthropist Kiran Nadar. Other record-tying sales include Amrita Sher-Gil’s The Story Teller and Tyeb Mehta’s Trussed Bull, each fetching Rs 61.8 crore at SaffronArt auctions, while a Jagdish Swaminathan painting exceeded estimates at Sotheby’s. These results come amid a 19% rise in the top 50 Indian artists’ sales to $36.2 million, per the 2024 Hurun India Art List.

A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix

A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix

Netflix has announced a new series focusing on the turbulent relationship and artistic partnership between Frida Kahlo and Diego Rivera. The project, adapted from Claire Berest's biography, will be co-directed by Mexican filmmakers Patricia Riggen and Gabriel Ripstein and aims to present the story through a specifically Mexican and feminine perspective, exploring their politics and infamous love affairs.

jean michel basquiat work phillips frieze week sales london

Phillips has announced the lineup for its October London sales during Frieze Week, headlined by Jean-Michel Basquiat's 1982 work on paper, *Untitled (Pestus)*, estimated at £3 million ($4 million). The 26-lot evening auction on October 16 also includes Andy Warhol's diamond dust portrait of Giorgio Armani (estimate £800,000), Banksy's *Kate Moss* (estimate £1 million), and works by Jadé Fadojutimi, Flora Yukhnovich, Damien Hirst, Anish Kapoor, Sasha Gordon, and Emma McIntyre. A day sale on October 18 features pieces by Keith Haring, Warhol, Basquiat, Anselm Kiefer, and Yoshitomo Nara.

A $433 Million Boost for the Market

Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.