$10 million Tamara de Lempicka leads sales at Sotheby’s London modern and contemporary evening auction.

Sotheby’s modern and contemporary evening sale in London on June 25, 2025, achieved £62.43 million ($83.97 million), led by Tamara de Lempicka’s *La Belle Rafaëla* (1927) which sold for £7.47 million ($10.05 million). Other top lots included works by Pablo Picasso, Jean-Michel Basquiat, Claude Monet, Jenny Saville, and Elizabeth Peyton, with Saville setting a new auction record for a drawing. Eight lots failed to sell, including pieces by Egon Schiele and Pierre-Auguste Renoir.

Nudes by Tamara de Lempicka and Jenny Saville lead quiet Sotheby’s Modern and contemporary sale

Sotheby’s June Modern and contemporary art evening sale in London netted £50.8m (£62.5m with fees) from 48 lots, with an 87% sell-through rate, falling below the pre-sale estimate of £55.2m to £81.1m and marking a 25% decrease from last year’s equivalent sale. The top lot was Tamara de Lempicka’s *La Belle Rafaëla* (1927), which sold for £6.1m (£7.4m with fees), while a Jenny Saville drawing *Mirror* (2011-12) achieved an auction record for the artist at £1.7m (£2.1m with fees). Several high-profile works were passed, including Egon Schiele’s *Portrait Study (Head of a Girl, Hilde Ziegler)* and Barbara Hepworth’s *Vertical Forms*, reflecting cautious bidding in a bearish market.

New art fair Arrival brings collectors to the bucolic Berkshires

Arrival, a new art fair, launched its inaugural edition on June 12 at the Tourists hotel in North Adams, Massachusetts, featuring 36 exhibitors from across the US. The biennial fair, running through June 15, includes panels, talks, and off-site programming at nearby museums. Galleries set up in hotel rooms, creating an intimate, domestic atmosphere. Founders Yng-Ru Chen, Sarah Galender Meyer, and Crystalle Lacouture—who together bring 60 years of art-world experience—aim to offer a respite from conventional convention-center fairs. Early sales included works by Hayal Pozanti, Chelsea Ryoko Wong, and Pae White, and the Williams College Museum of Art acquired three works from the fair.

What not to miss at Frieze New York 2025

Frieze New York 2025 will take place from 7 to 11 May at The Shed, featuring over 65 leading contemporary art galleries from more than 25 countries. The fair offers collectors access to blue-chip works by major artists and pieces by emerging talents, alongside amenities such as the US debut of Korean luxury beauty brand The Whoo showcasing three South Korean female artists, and a Ruinart champagne bar with a commissioned installation by artist Sam Falls. Notable booths include Mendes Wood DM presenting a new sculpture by Sonia Gomes and works by Kishio Suga, a joint presentation by Apalazzogallery and Emalin featuring Augustas Serapinas, and Tina Kim Gallery highlighting a multigenerational selection of women artists including Maia Ruth Lee.

Ten Highlights From New York’s Spring Marquee Auctions

New York's spring marquee auctions are set for May 2025, with Christie's, Sotheby's, and Phillips presenting strong lineups after a 25% drop in total public sales in 2024. Highlights include the $250 million Leonard and Louise Riggio collection at Christie's, featuring Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (est. $50 million), and Alberto Giacometti's *Grande tête mince* (est. over $70 million) at Sotheby's. Other top lots include Lucio Fontana's *The End of God*, Jean-Michel Basquiat's *Baby Boom*, a Rothko from the Bass mansion, Claude Monet's *Crepuscular Peupliers*, Olga de Amaral's evening sale debut, a trove of 40 Roy Lichtenstein works, and an Ed Ruscha piece. The sales test market resilience amid supply constraints and a cautious art market.

The Guardian view on the legacy of the Festival of Britain: look to the future | Editorial

The Guardian editorial reflects on the 75th anniversary of the Festival of Britain, launched by King George VI on 3 May 1951 as a "tonic" for a war-weary nation. It highlights the festival's most enduring legacy: the construction of the South Bank, including the Royal Festival Hall, which later became the Southbank Centre—the UK's largest arts complex. This summer, commemorations include poems from London schoolchildren projected onto its walls and a mobile poetry library visiting coastal towns, recreating the journey of the repurposed naval ship Campania. The festival, a triumph for the Labour government, faced critics like Evelyn Waugh and Noël Coward, and much of its physical infrastructure was demolished by the incoming Conservative government, save for the Royal Festival Hall.

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Pace Gallery is closing its exhibition space at H Queen’s in Hong Kong later this month, with its final show—featuring Alejandro Piñeiro Bello—ending on October 18. The gallery chose not to renew its lease, citing that the location was no longer serving its needs. Pace will maintain its Hong Kong and Beijing offices and remains open to finding new spaces, signaling it is not fully exiting the city.

Poly Auction Hong Kong Spring Auctions 2026: High Jewels and Watches, Modern and Contemporary Art Auctions to Be Held on 6 April

Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.

Sotheby’s Tries Again to Sell $40 M. Picasso Painting That Didn’t Make It to Auction in 2008

Sotheby’s has announced the sale of Pablo Picasso’s 1909 Cubist masterpiece, Arlequin (Buste), which is expected to fetch approximately $40 million during the New York marquee auctions this May. The painting is the crown jewel of a collection belonging to the late Surrealist artist Enrico Donati and his wife Adele. This marks the second time Sotheby’s has attempted to sell the work; it was famously withdrawn from a 2008 auction just a week before the sale due to undisclosed private reasons.

Maurizio Cattelan invites you to a dawn barter-breakfast in Milan's Piazza Duomo: bring an object and exchange it with others

Maurizio Cattelan ti invita a una colazione-baratto all’alba in Piazza Duomo a Milano: porti un oggetto e lo scambi con quello degli altri

Maurizio Cattelan and Nicolas Ballario will host a massive "barter breakfast" in Milan’s Piazza Duomo to kick off the 2026 Milan Design Week. Scheduled for the early morning of April 20, the event invites the public to bring a personal object—ranging from the iconic to the eccentric—to exchange with other participants. The gathering will feature live music from various performers and coffee provided by Lavazza, creating a communal performance piece centered on the symbolic and emotional value of objects.

Bank of America ArtTactic Art Market Report 2026 Trends

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The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

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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.

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Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.

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Financier George Allen Weiss is seeking court approval to sell Claude Monet's painting *Nymphéas* (1914–17) for $36.5 million to an unnamed buyer, as part of his bankruptcy proceedings. Weiss filed for bankruptcy in June after a federal judge ruled he owed over $100 million in debt tied to his hedge fund, Weiss Multi-Strategy Advisers, which also filed for bankruptcy in 2024. The sale, handled through Weiss's GW Crown Holdings LLC, is intended to cover $123 million in debt to Bank of America, but Jefferies Strategic Investments has filed a limited objection demanding the buyer's identity be disclosed, citing a comparable Monet that sold for $65.5 million at Sotheby's.

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Jeff Poe, co-founder of the now-closed Blum & Poe gallery, gave an interview to Artnet News reflecting on his departure from the gallery in 2023 and the challenges of running a gallery. He spoke about the financial risks, travel, and exposure that led him to seek a simpler path, without mentioning his former partner Tim Blum. Separately, Hypebeast published a story titled 'The Slow Death of the Contemporary Art Gallery,' arguing that rising rents and changing expectations are forcing galleries to adapt, with collectors increasingly focusing on 'red-chip' artists driven by viral buzz rather than institutional backing.

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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.

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Tim Blum, founder of Blum Gallery, announced the closure of his gallery in early July, citing systemic problems and burnout. However, former employees and artists have since spoken out, claiming they were blindsided by the decision and criticizing the lack of notice, severance, and transparency. Some sources allege that poor business decisions, including a buyout of partner Jeff Poe and costly renovations in a shaky economy, contributed to the closure, while others dispute Blum's claims of strong sales at Art Basel. Separately, a bipartisan Senate bill seeks to extend a 2016 law aiding Holocaust victims in reclaiming Nazi-looted art, but major museums are pushing back, arguing the law unfairly hinders their ability to defend claims.

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Valentina Akerman, an art director and architect, opened Sardine gallery in a weathered Amagansett rental last summer with her husband, artist Joe Bradley. What began as an improvised experiment has grown into a Hamptons success story, now in its second season with a Summer 2025 program featuring film series, residencies, dinners, and four exhibitions pairing painters with sculptors. The gallery also hosted a pop-up in Paris during Art Basel Paris and is organizing a group show at Le Consortium Museum’s summer space in Burgundy.

christies smashes canalettos auction record after venice view sells for 43 7 m 1234746707

Christie’s Old Masters evening sale in London set a new auction record for Canaletto on Tuesday, when his painting *Venice, the Return of the Bucintoro on Ascension Day* (circa 1732) sold for £31.9 million with fees ($43.7 million), far exceeding its £20 million estimate. The work, once owned by Britain’s first prime minister Robert Walpole, drew five bidders and sold to an anonymous phone bidder via Christie’s international director Alice de Roquemaurel. The previous Canaletto record of £18.6 million was set at Sotheby’s in 2005.

Sur Arte Radio et dans une expo, l’enquête d’Adrianna Wallis sur les traces de sa grand-mère peintre spoliée par les nazis

Artist Adrianna Wallis (born 1981) discovers that her paternal grandmother, painter Diane Esmond (1910–1981), was a victim of Nazi looting during World War II. After being contacted by historians Patricia Helletzgruber and Sophie Juliard, Wallis learns that much of Esmond's work was systematically destroyed by the ERR, the Nazi organization responsible for art theft in occupied countries. This revelation sparks a personal investigation that becomes a podcast for Arte Radio titled "Il restera la gravité," blending documentary, autobiographical inquiry, and sound installation. Wallis delves into archives, examining microfilms and lists that detail 46 of Esmond's paintings—each methodically described and declared destroyed, such as "Woman in blue evening dress: annihilated."

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Why London’s Whitechapel Gallery Hired an Economist

London's Whitechapel Gallery has appointed economist Mariana Mazzucato as its first economist-in-residence, a three-year role aimed at rethinking how museums generate revenue and demonstrate social value. The gallery faces a £880,458 deficit, a 325% increase from the previous year, due to declining exhibition income, reduced trust and foundation funding, and cuts in Arts Council England grants. Mazzucato, a professor at University College London and director of the Institute for Innovation & Public Purpose, will advocate for treating culture as a strategic public investment.

Which Auction House Led the Pack in 2025?

Christie's led the global fine-art auction market in 2025 with $3.5 billion in sales, a 10.1% increase from 2024. Its top lot was Mark Rothko's 'No. 31 (Yellow Stripe), 1958,' which sold for $62.1 million. Sotheby's followed closely with $3.3 billion in sales, a 31% annual increase, highlighted by the record-breaking $54.7 million sale of Frida Kahlo's 'El sueño (La cama).' Phillips placed a distant third with $390.9 million in sales, a 14.2% decline.

Why the Photo Market Is Moving Closer to Painting, With Unique Works Leading the Way

Artnet Auctions has launched its Spring Photographs sale, running through April 16, 2026, featuring works by blue-chip artists such as Peter Beard, Adam Fuss, and Diane Arbus. The auction highlights a significant shift in the photography market toward unique, one-of-a-kind works—including photograms, hand-painted images, and collages—that blur the lines between photography and painting. This trend is evidenced by increasing auction prices, with several works recently crossing the $1 million and $2 million thresholds.

Pete Davidson’s Pop-Filled Art Collection Revealed in Westchester Home Listing

Actor and comedian Pete Davidson has listed his Westchester County home for $2.2 million, revealing a vibrant art collection rooted in pop culture and nostalgia. The 2,300-square-foot residence features a diverse array of works ranging from Peter Max prints and Al Hirschfeld caricatures to contemporary design pieces like the Gufram x Paul Smith 'Sunset Cactus.' The interior reflects Davidson's 'man cave' aesthetic, blending high-end collectibles with whimsical references to television, film, and his native Staten Island.

Yves Saint Laurent’s Lalanne Mirrors Set for $15 Million Sale

Sotheby’s has announced the sale of a monumental set of 15 gilt-bronze mirrors by Claude Lalanne, originally commissioned by fashion icon Yves Saint Laurent for his Paris apartment. The mirrors are the centerpiece of a 123-lot auction from the collection of Jean and Terry de Gunzburg, scheduled for April 22 at the Sotheby’s Breuer building. Estimated to fetch between $10 million and $15 million, the mirrors represent a significant appreciation in value since the de Gunzburgs acquired them for approximately $2.4 million at the historic 2009 Saint Laurent estate sale.

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Art collector David Nahmad has publicly denied allegations that Amedeo Modigliani’s "Seated Man with a Cane" (1918) is Nazi-looted property. Following revelations from the Panama Papers that Nahmad is the true owner of the painting via the International Art Center, he defended his provenance, claiming the work sought by the heirs of Jewish art dealer Oscar Stettiner is a different painting entirely. Nahmad asserted that if the work is definitively proven to be looted, he will return it, but he currently maintains that the historical documentation regarding a 1944 sale at Drouot refers to a self-portrait, not the work in his possession.

Performance Artist Crackhead Barney Moves From the Streets to the Stage: ‘Art Should Be Going Insane’

Performance artist Crackhead Barney, known for her viral street interventions and ambush interviews at protests and public events, is transitioning her work to the formal stage. Her new play, GOD IS RAPING ME, is having sold-out dates at the Pageant performance space in Brooklyn, marking a significant shift from her guerrilla-style, social media-driven practice to theatrical production.

Rare Rauschenberg Experimental Dance Revived at Brooklyn Roller Rink

The Trisha Brown Dance Company is reviving Robert Rauschenberg's first choreographed dance, 'Pelican,' for the first time in 60 years. The single-night performance will take place at the vintage Xanadu roller rink in Brooklyn as part of a 'Pelican Gala,' which also features two long-unseen dances by Trisha Brown. The event coincides with the centennial of Rauschenberg's birth.

The Art Consultancy Firm Saying No to the Attention Economy

Approximately Blue (AB), a contemporary art consultancy and brokerage, is deliberately operating without a public-facing brand, social media presence, or physical address. Founded by François-Luc Giraldeau and Emily Johnson, the firm focuses exclusively on primary market fine art prints and multiples, prioritizing deep research and direct, substantive relationships with collectors over visibility and hype.