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sothebys leonard lauder contemporary by the numbers

Sotheby's held a marathon evening sale in New York on Tuesday night, achieving $706 million in total sales—the highest single-evening total in the auction house's history. The standout was the collection of Leonard A. Lauder, which alone brought $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914-16) that sold for $236.4 million after a 20-minute bidding war. A second sale of contemporary and ultra-contemporary works added $178.5 million, with Jean-Michel Basquiat's *Crowns (Peso Neto)* (1981) topping that session at $48.3 million. Notably, no lots were withdrawn across both sales, and Asian collectors drove bidding on many high-value lots. Maurizio Cattelan's gold toilet *America* (2016) sold for $12.1 million, drawing only one bid.

november marquee auction sales midpoint analysis

Christie's and Sotheby's November marquee auctions in New York generated a combined $1.4 billion, with Sotheby's achieving a record $706 million from a double-header sale. The highlight was Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), sold for $236.4 million from the collection of late cosmetics heir Leonard Lauder, becoming the most expensive modern artwork ever sold at auction. Christie's Monday sale brought in $690 million, falling short of its $731.5 million high estimate but still marking a 42% increase over its equivalent sale last November.

the art market has lost its grip on price

Former Sotheby's rainmaker Brooke Lampley, now a director at Gagosian, discusses the art market's loss of control over pricing, citing a failed $70 million Alberto Giacometti bust at auction as a symptom of deeper market confidence issues. The article traces the evolution of art pricing from opaque, dealer-driven norms to a data-rich system enabled by Artnet's Price Database in 1989, which fueled a price spiral and attracted speculators. Now, in 2025, the market faces a correction with auction sales down 27.3 percent to $10.2 billion, and buyers are pausing as traditional pricing signals become scrambled.

jeff koons gagosian porcelain series review

Jeff Koons's latest exhibition at Gagosian Gallery in New York features his new series of large-scale porcelain and stainless-steel sculptures, including the centerpiece *Aphrodite* (2016–21), an eight-and-a-half-foot-tall nude. The show marks Koons's first solo presentation in New York in seven years and follows a turbulent period in his career, including record auction sales, a move to Pace Gallery and back to Gagosian, and two lawsuits. Critic Christopher Garcia Valle panned the works as unstimulating and banal, arguing they fail to awe viewers despite their technical ambition and massive scale.

records fall during 706 million night at sothebys turbocharged by blue chip lauder trove

Sotheby's achieved a record-breaking $706 million auction night at its new global headquarters in the Breuer Building, New York, the highest total in the auction house's 281-year history. The sale was propelled by the collection of late art patron Leonard A. Lauder, whose 24 pieces sold for $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) which fetched $236.4 million, becoming the second-priciest artwork ever sold at auction. A subsequent contemporary and ultra-contemporary art sale added $178.5 million.

shanghai art021 west bund art recap

Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.

sothebys charles stewart supply and demand

Sotheby's CEO Charles Stewart told CNBC that the art market has entered a new phase this fall, with supply finally catching up with demand after months of strong bidder activity. New York's marquee auction houses are preparing for sales expected to total more than $1.4 billion, a roughly 50% jump from last year, driven by major consignments including the estate of Leonard Lauder (55 works valued at over $400 million, led by Gustav Klimt's Portrait of Elisabeth Lederer) and collections from Jay and Cindy Pritzker. Christie's highlights include a Monet Nymphéas, a David Hockney portrait, and a Mark Rothko, each estimated at $40–60 million.

ex christies chief jussi pylkkanen works trends watch auction season

Jussi Pylkkanen, former Christie's chairman, analyzes the upcoming New York 20th and 21st Century Art sales, noting a return to market confidence after strong European auctions in London and Paris aligned with Frieze and Art Basel Paris fairs. Christie's London posted its best October sales since 2018, Sotheby's had its most valuable Paris season, and a Picasso portrait sold for $37 million at Hôtel Drouot. The season shows a shift from speculative buying toward established artists like Bacon, Freud, Picasso, and Klimt, with 27 works valued over $10 million, led by Gustav Klimt's *Portrait of Elizabeth Lederer* from the Leonard Lauder collection, estimated to exceed $150 million at Sotheby's.

jennifer lawrence contemporary artist collaboration w magazine art issue

W magazine's current art issue features Academy Award-winning actress Jennifer Lawrence in a three-part collaboration with French filmmaker and artist Philippe Parreno, American painter Elizabeth Peyton, and German photographer Wolfgang Tillmans. Parreno shot a short film starring Lawrence, Tillmans photographed her at his London studio wearing a T-shirt referencing his Centre Pompidou exhibition, and Peyton painted a portrait of the actress in her signature loose, romantic style. The issue has three different covers, each dedicated to one collaborating artist's work.

artists withdraw relational aesthetics exhibition maxxi rome

Seven artists—Tania Bruguera, Dora Garcia, Phil Collins, Siniša Mitrović, Alessandra Saviotti, and Gemma Medina—have withdrawn their work from the exhibition “1+1: The Relational Years” at MAXXI in Rome, scheduled to open this week. In an open letter published by Nero Editions, they accuse the museum of having “links to genocide in Palestine” through its acceptance of funding from and collaborations with Italian companies Eni and Leonardo s.p.a., which have ties to Israel's military and energy sectors. The exhibition, curated by Nicolas Bourriaud, surveys relational aesthetics and also includes works by Vanessa Beecroft, Maurizio Cattelan, Felix Gonzalez-Torres, Pierre Huyghe, and Rirkrit Tiravanija. Five anti-Zionist activist groups have added their own statement supporting the boycott.

art basel paris vip preview sales report

Art Basel Paris opened its VIP preview on Wednesday, following a new invite-only preview called Avant Première on Tuesday. Major galleries reported strong sales, including Hauser & Wirth's $23 million Gerhard Richter abstract, the highest reported sale at the fair. Other notable sales included Julie Mehretu's $11.5 million painting at White Cube, a $4.7 million Bruce Nauman neon at Hauser & Wirth, and a $2.5 million Marlene Dumas painting at David Zwirner. Dealers noted that the staggered two-day opening helped spread out crowds and allowed collectors to return for the official VIP day, with many describing the fair as the most successful edition in Paris to date.

art basel paris avant premiere vip sales report

Art Basel Paris launched a new ultra-exclusive invitation-only preview called Avant Première, held one day before the official VIP preview. The four-hour event on Tuesday afternoon saw strong sales, with Thaddaeus Ropac selling works including a 1953 Alberto Burri for €4.2 million and two George Baselitz pieces, while Hauser & Wirth sold Gerhard Richter's 1987 *Abstraktes Bild* for $23 million, the highest reported sale. The fair limited each gallery to six invites with plus-ones, resulting in an estimated 3,000 attendees compared to 6,000 for the regular First Choice preview, creating a more manageable and urgent atmosphere.

v joy simmons collection tour baldwin hills home

V. Joy Simmons, a Los Angeles-based physician and longtime art collector, opened her Baldwin Hills home to ARTnews for a tour of her extensive collection. The house features over 150 objects, including stained-glass windows by Varnette Honeywood and Joyce Dudnick, a site-specific column installation by Lauren Halsey, and works by Elizabeth Catlett, Romare Bearden, Kerry James Marshall, Mark Bradford, Kehinde Wiley, and Carrie Mae Weems, among many others. Simmons began collecting in the 1970s with a $50 lithograph by Catlett and has since built a collection that spans generations of Black artists, often juxtaposing older and younger artists in her displays.

agnes gund dead moma art collecting

Agnes Gund, one of the most influential art patrons in the United States, has died at 87. Her collecting and philanthropy transformed the American art world, particularly at the Museum of Modern Art (MoMA), where she served as president from 1991 to 2002 and remained a life trustee. Gund helped fund MoMA's 2004 expansion, designed by Yoshio Taniguchi, and played a key role in bringing MoMA PS1 under the museum's aegis in 1999. She was a longtime donor of over 250 works to MoMA, including pieces by Jasper Johns, Elizabeth Murray, and Julie Mehretu, and appeared on the ARTnews Top 200 Collectors list every year from 1990 to 2018.

christies sale david hockney christopher isherwood

Christie’s will offer David Hockney’s double portrait *Christopher Isherwood and Don Bachardy* (1968) as a marquee lot in its 20th-century evening sale in New York this November. The painting depicts the English writer Christopher Isherwood and his American artist partner Don Bachardy in their Santa Monica home, and is the first of Hockney’s seven double portraits. No estimate has been announced. The work was previously featured in the “David Hockney 25” survey at the Fondation Louis Vuitton in Paris and in a 2017–18 Hockney retrospective that traveled from Tate Britain to the Centre Pompidou and the Metropolitan Museum of Art.

alex da corte modern art museum of fort worth review

Alex Da Corte's mid-career survey, "The Whale," is on view at the Modern Art Museum of Fort Worth, featuring works that repurpose pop-cultural icons like Disney villains and Mariah Carey to explore themes of erasure and violence. The exhibition includes pieces such as *A Time to Kill* (2016), which obliquely references the 2016 Pulse nightclub shooting through an inverted Elsa standee, and *The Great Pretender* (2021), which removes Lily Tomlin from a TIME magazine cover to comment on queer erasure.

figurative painting trend boom bust market politics zombie jennifer packer salman toor louis fratino

The article examines the narrative that figurative painting died and made a comeback, arguing instead that it never truly disappeared. It traces the art market's pendulum swing from zombie formalism around 2014 to a surge in figurative painting by 2015, fueled by collectors seeking new, affordable works to flip quickly. The piece highlights emerging painters like Gina Beavers, Mira Dancy, Jamian Juliano-Villani, and Greg Parma Smith, and notes that the boom created auction stars whose prices later crashed, as reported in a 2024 New York Times article.

america 250th anniversary exhibitions

Museums across the United States are preparing exhibitions to mark the 250th anniversary of American independence in 2026. The New York Historical will present "Democracy Matters," opening June 19, 2026, exploring voting, free speech, and land rights through works by Thomas Cole, Mel Chin, and Lady Pink alongside historic documents. The Museum of Fine Arts, Boston will debut "America at 250" on the same date, integrating Native and non-Native art with pieces like Gilbert Stuart's portrait of George Washington and a critique by Mohawk artist Alan Michelson. The National Portrait Gallery had planned "Amy Sherald: American Sublime" for September 2025, but Sherald canceled the show over censorship concerns in July 2025. The Philadelphia Museum of Art will host "A Nation of Artists" from April 2026 through September 2027, featuring Frederic Edwin Church's "Pichincha."

rauschenberg centenary shows

The Robert Rauschenberg Foundation is launching a global centenary celebration for the artist's 100th birthday, spanning 2025–2026. The program includes major exhibitions at seven institutions across five countries, such as "Five Friends" at Museum Brandhorst in Munich and Museum Ludwig in Cologne, photography shows at the Museum of the City of New York and Fundación Juan March in Madrid, and an exhibition at M+ in Hong Kong focusing on Rauschenberg's ROCI program. The foundation is also initiating grant-making initiatives to highlight Rauschenberg's legacy in art, technology, environmentalism, and social justice.

maurizio cattelan comedian banana eaten pompidou metz

A museum-goer ate Maurizio Cattelan's "The Comedian" (2019)—a banana duct-taped to a wall—on display at the Pompidou-Metz in France. The museum quickly replaced the fruit, noting it is regularly changed per the artist's instructions. Cattelan joked the eater should have consumed the tape and skin as well.

black arts institutions funding nea cuts

The National Endowment for the Arts (NEA) has announced funding cuts to arts organizations across the U.S. as part of broader government spending reductions under the Trump administration. These cuts disproportionately affect Black-led art institutions, including the Museum of Contemporary African Diasporan Art (MoCADA), Museum Hue, and the Billie Holiday Theatre, which rely heavily on federal grants for programming and operations. While some organizations received final payments or avoided returning funds, they face an uncertain future as critical funding streams are terminated or made ineligible for renewal.

kaws take over new york botanical garden

The New York Botanical Garden (NYBG) has announced that artist KAWS (Brian Donnelly) will take over its 250-acre landscape in 2027 with a large-scale, unnamed exhibition featuring his iconic sculptures such as Companion, BFF, and Chum. The show follows the model of NYBG's 2021 "Cosmic Infinity" exhibition by Yayoi Kusama, which drew around 845,000 visitors. The announcement also coincides with NYBG's current "Van Gogh's Flowers" display and a planned 2026 orchid show by Mr. Flower Fantastic.

art dealer provocative solution poaching problem

Art dealer Wendi Norris of San Francisco has introduced buyout clauses in contracts with her artists, borrowing a strategy from professional sports. If an artist leaves for a mega-gallery like Gagosian, Hauser & Wirth, Pace, or David Zwirner, Norris receives financial compensation—such as the right to purchase works at her original prices for potential resale. This practice aims to address the widespread problem of poaching, where larger galleries lure rising artists away from the smaller dealers who nurtured their careers, often causing financial and emotional strain.

8 times david hockney broke rules

David Hockney, the legendary British artist, turns 88 on July 9, and Artnet News reflects on his seven-decade career of rule-breaking. The article highlights eight key moments of defiance, including his openness about his homosexuality before decriminalization in the U.K., his public smoking habit that led to a Paris Metro ad being pulled, and his controversial "Hockney-Falco thesis" arguing that Old Masters used optical tools like the camera lucida. Hockney currently ranks third on the Artnet Intelligence Report for best-selling and most bankable postwar artists, and his largest-ever exhibition is on view at the Fondation Louis Vuitton in Paris.

mschfs king solomons baby at pioneer

MSCHF, the Brooklyn-based art collective known for viral stunts like the Big Red Boot and a Damien Hirst dot-selling ATM, has unveiled a new participatory sculpture titled *King Solomon's Baby* (2025). The work is a large-scale polystyrene foam and paint sculpture that will be progressively dismembered and sold in thin slices as more buyers join. Priced at $100,000 for a single buyer, the cost drops as more participants purchase shares, down to $100 each if 1,000 people buy in. Sales open July 10 at Pioneer Works in Brooklyn, with the fully deconstructed work on view July 13.

kenneth griffin 13th amendment emancipation proclamation sothebys

Billionaire hedge funder and art collector Kenneth Griffin revealed he was the buyer of record-breaking copies of the Emancipation Proclamation and the Thirteenth Amendment, both signed by President Abraham Lincoln, at a Sotheby's New York auction. The Thirteenth Amendment sold for $13.7 million, more than five times the previous record, while the Emancipation Proclamation fetched $4.4 million. Griffin, founder of Citadel, is an avid collector of rare historical documents and high-value art, having previously purchased a copy of the U.S. Constitution for $43.2 million and major works by artists like Willem de Kooning, Jackson Pollock, and Jean-Michel Basquiat.

london summer auctions

London's summer auction season saw Sotheby's evening sale bring in $85.7 million, a significant drop from $105 million last year and a 70% decline from $280.1 million in 2015. Christie's opted out of an evening auction entirely, holding only a day sale that netted $12.7 million, while Phillips' combined sales totaled $17.6 million. Highlights included a Tamara de Lempicka painting selling for $10 million, a Jenny Saville drawing setting a new auction record at $2.11 million, and six works from the Dorothy and Roy Lichtenstein collection. The sales were described as 'sensible' by advisor Todd Levin, reflecting a cautious market post-Art Basel.

price check art basel basel 2025

Art Basel in Basel has concluded, with galleries reporting hundreds of sales despite low expectations set by lackluster New York auction results. Dealers shared prices ranging from $1 million to $17 million, with top sales including David Hockney's *Mid November Tunnel* (2006) at Annely Juda Fine Art ($13M–$17M), a Ruth Asawa sculpture at David Zwirner ($9.5M), and a Gerhard Richter painting at David Zwirner ($6.8M). Other notable transactions include works by Keith Haring, Mark Bradford, Georg Baselitz, and George Condo, though many galleries provided only price ranges and withheld exact titles or mediums.

art basel 2025 sales report

Art Basel 2025 in Switzerland, now in its 55th edition, opened with 289 exhibitors amid a soft and unpredictable art market. Major sales included a Ruth Asawa sculpture for $9.5 million at David Zwirner, a Gerhard Richter painting for $6.8 million, and a Keith Haring from 1983 for $3.5 million at Gladstone. The top reported sale was David Hockney's 'Mid November Tunnel' (2006) for $13-17 million at Annely Juda Fine Art. Hauser & Wirth headlined with a moody Mark Rothko from the early 1960s, while galleries adopted strategies of offering wide price ranges and diverse styles to hedge against market uncertainty.

maurizio cattelan gold toilet trial theft video

A judge has sentenced two men for stealing Maurizio Cattelan's 18-carat gold toilet, titled "America," from Blenheim Palace in England during a 2019 raid. Michael Jones received 27 months in prison for burglary, while James Sheen was sentenced to four years, added to his existing 19-year term for other crimes. The theft took less than five minutes, causing major flooding and water damage when the toilet was ripped from the plumbing. Police arrested four men in November 2023, with evidence including DNA, phone messages, and CCTV footage leading to convictions. Fred Doe received a suspended sentence, and Bora Guccuk was found not guilty. None of the gold has been recovered and is believed to have been chopped up and sold.