Heists, Records, and Robots. A Subjective Summary of the Art World in 2025.

The article reviews the art world in 2025, highlighting a mixed year of declining sales values and cautious buyers, yet punctuated by record-breaking auctions and dramatic events. Fine art auction sales in the first half of 2025 totaled $4.7 billion, an 8.8% drop from 2024, with the average lot price falling to a decade-low of $24,224, indicating a shift toward lower-value works and younger collectors. Major sales included Gustav Klimt's Portrait of Elisabeth Lederer, which sold for $236 million at Sotheby's, becoming the second most expensive artwork ever auctioned, and Frida Kahlo's El sueño, which set a new auction record for a female artist at $55 million. The market was also unsettled by U.S. trade tariffs and economic uncertainty, while a daring heist and debates around AI art captured public attention.

Harlem’s Studio Museum reopening was a fitting reflection of its history and work

The Studio Museum in Harlem reopened in November 2025 after a seven-year reconstruction, unveiling a new building designed by Adjaye Associates and Cooper Robertson that incorporates architectural elements of Harlem, such as masonry-framed windows and a staircase evoking brownstone stoops. The reopening featured a major exhibition highlighting alumni from its renowned artist-in-residence program, which began in 1968 with Tom Lloyd as the first recipient. Founded by Charles E. Innis and a coalition of artists, activists, and philanthropists, the museum has long served as a nexus for artists of African descent, expanding the canon of Black art during the civil rights and Black Power movements.

Remembering Frank Gehry, legendary architect of Guggenheim Museum Bilbao

Frank Gehry, the legendary architect who transformed the global architectural landscape with his deconstructivist style, has died in Santa Monica on 5 December. The article traces his career from his early days remodeling his own Santa Monica home—a controversial project that used corrugated metal, plywood, and chain-link fencing—to his rise as a Pritzker Prize winner and the creator of the iconic Guggenheim Museum Bilbao (1997). Gehry, born Ephraim Goldberg in Toronto in 1929, studied at the University of Southern California and Harvard before founding Frank O. Gehry & Associates in 1962, and spent over six decades championing buildings that embraced emotion and movement over cold minimalism.

Gustav Klimt portrait sells for about R4 billion, breaking modern-art auction records

Gustav Klimt's portrait "Portrait of Elisabeth Lederer" (1914–1916) sold for $236.4 million (about R4 billion) at a Sotheby's auction in New York, becoming the most expensive modern artwork ever sold at auction and the second most expensive painting in history, behind only Leonardo da Vinci's "Salvator Mundi." The sale, which featured works from the estate of billionaire collector Leonard Lauder, unfolded in a tense 20-minute bidding war among six collectors. The painting had been hidden from public view since the 1980s. The same auction also saw Maurizio Cattelan's 18-karat gold toilet "America" sell for over $12 million.

Watch the Record-Breaking Auction of This Gustav Klimt Portrait, Which Just Became the Second Most Expensive Painting Ever Sold

Gustav Klimt's "Portrait of Elisabeth Lederer" sold at Sotheby's for $236.4 million on November 20, 2025, becoming the most expensive modern artwork ever auctioned and the second most expensive painting overall. The life-size oil painting, created between 1914 and 1916, depicts the 20-year-old daughter of prominent Jewish art collectors. After a 20-minute bidding war starting at $130 million, an anonymous telephone bidder won the work, which had been owned by cosmetics heir Leonard Lauder until his death in June 2025.

A gold toilet and the most expensive modern artwork ever sold at auction boost the New York market

Sotheby's New York held a landmark auction evening on November 18, 2025, featuring two headline-grabbing lots: Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914-16), which sold for $236.4 million, becoming the most expensive modern artwork ever sold at auction, and Maurizio Cattelan's solid-gold toilet 'America', which sold for a disappointing $12.1 million after a single bid. The Klimt came from the collection of the late cosmetics heir Leonard Lauder, whose two-night auction total reached $527.5 million. The toilet, previously owned by investor Steve Cohen, had been commissioned when gold prices were far lower, ensuring the seller a profit regardless of the modest bidding.

Gustav Klimt portrait sells for $236.4m, making it the second most expensive artwork ever sold at auction

Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million at Sotheby's New York on Tuesday night, becoming the second most expensive artwork ever sold at auction and the most expensive modern artwork ever auctioned. The six-foot-tall painting, created between 1914 and 1916, depicts the young heiress and daughter of Klimt's patrons. Six bidders competed for 20 minutes before the work was sold, though Sotheby's declined to name the buyer. The painting had been looted by the Nazis during World War II, returned to the Lederer family in 1948, and later acquired by Estée Lauder heir Leonard A. Lauder in 1985. Lauder died in June at age 92, and the sale was part of his collection auction that fetched $575.5 million total.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.

Gold toilet, Klimt portrait sell for millions at Sotheby’s

A portrait by Gustav Klimt, *Portrait of Elisabeth Lederer* (1914–1916), sold for $236 million at Sotheby's in New York, setting a record for the auction house. The painting, depicting the daughter of Klimt's patron, was part of the collection of late billionaire Leonard A. Lauder. In the same sale, Maurizio Cattelan's solid gold toilet *America* (2016) fetched $12.1 million, with the piece satirizing superwealth. The toilet had previously been exhibited at the Guggenheim Museum and was stolen from Blenheim Palace in 2019; its current whereabouts remain unknown.

Maurizio Cattelan's solid gold toilet going to auction at Sotheby's

Sotheby's will auction Maurizio Cattelan's solid gold toilet sculpture, *America* (2016), during its evening sale of contemporary art in New York on 18 November. Bidding starts at approximately $10 million, based on the current market value of the 18-karat gold used in the work. The piece, a fully functioning toilet modeled after a standard Kohler design, will be on view at Sotheby's Breuer Building from 8 to 17 November, though visitors will not be allowed to use it. This is the only surviving edition; another was famously stolen from Blenheim Palace in 2019 and believed melted down.

Maurizio Cattelan’s Gold Toilet Returns to Market at Sotheby’s This November

Sotheby's has announced that an edition of Maurizio Cattelan's gold toilet sculpture "America" (2016) will be auctioned in its The Now & Contemporary Evening Auction on November 18, 2025, with a starting bid of approximately $10 million based on its 101.2-kilogram weight in gold. The work first gained fame at the Solomon R. Guggenheim Museum in New York in 2009, where over 100,000 visitors used it, and later made headlines when it was stolen from Blenheim Palace in a raid that caused structural damage and flooding. The stolen piece was never recovered and is presumed melted down, making this edition the only one in existence.

Cattelan's famous gold toilet goes up for auction: America for sale at Sotheby's

Maurizio Cattelan's iconic 2016 gold toilet sculpture, 'America,' will be auctioned at Sotheby's on November 18, 2025, during The Now and Contemporary evening auction. The starting bid will be tied to the fluctuating gold market price, currently around $10 million based on its 101.2 kg weight, and Sotheby's will accept cryptocurrency as payment. The work, a fully functional toilet made of 18-karat gold, was famously installed at the Solomon R. Guggenheim Museum in New York in 2016, where over 100,000 visitors used it, and was later stolen from Blenheim Palace in 2019. This is the only surviving version of the two originally made.

Ten essential works of art to see in Dresden

The article presents a curated guide to ten essential artworks in Dresden, Germany, highlighting the city's recovery from World War II devastation to reclaim its status as a Kunststadt (city of art). It focuses on masterpieces housed in the Staatliche Kunstsammlungen Dresden (SKD), including Raphael's *Sistine Madonna* (1512/13) at the Gemäldegalerie Alte Meister, Caspar David Friedrich's *The Great Enclosure* (1832) at the Albertinum, and a tiny cherry pit with 185 carved heads from the Grünes Gewölbe. The piece traces Dresden's golden age under rulers Augustus the Strong and Frederick Augustus II, whose acquisitions built one of Europe's most celebrated art collections.

Agnes Gund, collector and philanthropist who helped transform MoMA, has died, aged 87

Agnes Gund, the influential American arts philanthropist and collector, has died at age 87. Gund was a transformative figure at the Museum of Modern Art (MoMA) in New York, serving on its board from 1976, as president from 1991 to 2002, and later as president emerita. She helped raise funds for MoMA's $858m expansion, donated around 100 works to the museum, and pushed for acquisitions of women and artists of color. Beyond MoMA, she founded Studio in a School in 1977 to bring art education to New York City public schools and co-chaired a Sotheby's auction to support Miss Porter's School. Her death was first reported by The New York Times; she is survived by four children.

How the Studio Museum in Harlem Reshaped the Art World

The Studio Museum in Harlem, founded in 1968 in a rented loft above a liquor store, will open its first purpose-built 82,000-square-foot building on West 125th Street this fall, following a landmark $300 million capital campaign led by director and chief curator Thelma Golden. Designed by Adjaye Associates with Cooper Robertson, the new facility doubles the exhibition and studio space and includes dedicated areas for performance, education, and public programs. The museum, which has operated without a permanent space since 2018, has been a pioneering platform for artists of African descent, launching the careers of figures like David Hammons, Kerry James Marshall, Glenn Ligon, and Simone Leigh through its groundbreaking exhibitions and artist-in-residence program.

17 NYC art exhibitions we’re most excited about in fall 2025

The article highlights 17 New York City art exhibitions opening in fall 2025, with six previewed in detail. Major events include the long-awaited reopening of the Studio Museum in Harlem on November 15 with a new seven-floor building and shows featuring Tom Lloyd and works from its collection; the New Museum's reopening after renovation with the inaugural exhibition "New Humans: Memories of the Future"; and the Whitney Museum's "Sixties Surreal" exhibition surveying American art from 1958 to 1972. Other notable shows include a Robert Rauschenberg centennial exhibition at the Guggenheim Museum, Ai Weiwei's public installation "Camouflage" on Roosevelt Island, and a fashion-focused exhibition at the Hispanic Society Museum & Library.

Yayoi Kusama Retrospective Becomes Most Visited Exhibition in Australian History

Yayoi Kusama's retrospective at the National Gallery of Victoria (NGV) in Melbourne became the most visited exhibition in Australian history, drawing 570,537 ticket holders from December 2024 to April 2025. The show broke the museum's previous record set by the 2017 exhibition "Van Gogh and the Seasons," which sold 462,262 tickets. Featuring over 200 artworks spanning nine decades, including 10 infinity rooms and early drawings from age nine, the exhibition attracted a diverse audience that included celebrities like Billie Eilish, Dua Lipa, Troye Sivan, and Finneas.

Marina Abramović and Peter Doig win £77,000 Praemium Imperiale prizes

Marina Abramović and Peter Doig have been awarded the 2025 Praemium Imperiale prizes for sculpture and painting, respectively, each receiving a 15 million yen (£77,000) honorarium. The awards, presented by the Japan Art Association under honorary patron Prince Hitachi, also recognized Belgian filmmaker Anne Teresa De Keersmaeker (theatre/film), Hungarian pianist András Schiff (music), and Portuguese architect Eduardo Souto De Moura (architecture). The National Youth Theatre received the 2025 Grant for Young Artists.

The best museum shows to see alongside Art Basel in Basel 2025

This article highlights the best museum shows to see alongside Art Basel in Basel 2025, covering exhibitions at Fondation Beyeler, Schaulager, Kunsthalle Basel, Kunsthaus Baselland, and Kunstmuseum Basel. Featured artists include Vija Celmins, Jordan Wolfson, Steve McQueen, Ser Serpas, Dala Nasser, and Medardo Rosso, with works ranging from VR installations and immersive light-and-sound pieces to textile art and historical retrospectives.

Yayoi Kusama survey at National Gallery of Victoria becomes best-selling art exhibition in Australian history

The National Gallery of Victoria (NGV) in Melbourne has announced that its Yayoi Kusama survey exhibition, titled "Yayoi Kusama," sold 570,537 tickets, making it the most-visited ticketed art exhibition in Australian history. The show, which ran from 15 December 2024 to 21 April 2025, surpassed the NGV's own record of 462,262 tickets for "Van Gogh and the Seasons" in 2017. Featuring 200 artworks spanning nearly nine decades of the artist's career, including ten infinity rooms, the exhibition was the largest the NGV has ever dedicated to a single living artist. The NGV also acquired two major works from the show: "Dancing Pumpkin" (2020) and "Narcissus Garden" (1966/2024).

Required Reading

Required Reading

Thousands marched in Buenos Aires on March 9 for a 24-hour women's strike, with one group staging a symbolic artwork by wrapping a continuous blindfold across their faces to protest patriarchal control. This followed a UN report urging Argentina's government to address gender-based violence. Separately, a *Guardian* investigation revealed UK museums hold over 260,000 human remains, many taken from former colonies, which MPs have condemned as a barbaric legacy of imperialism.

ancient egyptian relief disappears saqqara necropolis

A 4,000-year-old limestone relief depicting the three seasons of the ancient Egyptian calendar has been stolen from the Saqqara necropolis near Cairo. The relief, measuring 16 by 24 inches, was cut from the wall of a Fifth Dynasty tomb belonging to high-ranking official Khenti Ka using an electric saw. Egypt's Ministry of Tourism and Antiquities reported the theft on Sunday, and an archaeological committee has been formed to inventory the tomb's contents while the matter is under investigation by the Public Prosecution.

WALTER OTERO A TROPICAL GALLERIST IN AMERICA S ECOSYSTEM

A new book titled "Walter Otero: un galerista tropical" is being published this March. It features an interview by curator Omar-Pascual Castillo with Puerto Rican gallerist Walter Otero, chronicling his journey from personal assistant to painter Arnaldo Roche Rabell to founding his influential San Juan gallery, Walter Otero Contemporary Art (WOCA). The book details the gallery's history, its roster of artists, and Otero's adaptation to the digital age and crises like Hurricane Maria.

The Château de Boutemont: An Architectural Gem to Discover in Normandy

Il Castello di Boutemont: un gioiello architettonico da scoprire in Normandia

The Château de Boutemont in Ouilly-le-Vicomte, Normandy, has reopened for its new season running through November. Now in its sixth year under owners Johanna Wistrøm-Monnier and Bruno Monnier, the property has seen steady growth in visitors thanks to investments in its gardens and the opening of three castle rooms. Bruno Monnier founded Culturespace in the 1990s, a private company that manages museums such as the Palais des Papes in Avignon and the Ateliers des Lumières immersive art centers. Johanna Wistrøm-Monnier, formerly director of the Dan Graham Foundation, now dedicates herself full-time to the estate, which features gardens designed by famed landscape architect Achille Duchêne.

The best and worst we saw at the Venice Art Biennale 2026. Artribune's hits and flops

Il meglio e il peggio che abbiamo visto alla Biennale d’Arte di Venezia 2026. Top e flop di Artribune

The 61st Venice Biennale, titled "In Minor Keys" and directed by Koyo Kouoh, opened amid significant turmoil: the death of a newly appointed curator, diplomatic tensions over the presence of Russia and Israel, political protests, and the unprecedented collective resignation of the jury, which led to the Golden Lions being awarded by public vote for the first time. Despite this chaotic backdrop, the exhibition—featuring a record 100 national pavilions—has been widely praised for avoiding moralistic pedagogy and instead embracing visual seduction, formal quality, and sensory joy while addressing themes of identity, memory, colonialism, ecological crisis, and violence. The article highlights top and flop moments from the opening week, including strong showings by Biennale president Pietrangelo Buttafuoco and a standout exhibition at Fondazione Prada.

A new foundation for contemporary art has been born in Spain. Collector Gabriel Calparsoro told us about it

In Spagna è nata una nuova fondazione per l’arte contemporanea. Il collezionista Gabriel Calparsoro ce l’ha raccontata

The Calparsoro Foundation, a new contemporary art foundation, has been launched in Spain by collector Gabriel Calparsoro. Its inaugural event was the presentation of Isaac Julien's video installation "Once Again … (Statues never die)" at the Museo Lazaro Galdiano in Madrid. The foundation aims to share Calparsoro's private collection of around 180 works, which focuses on North American and international artists addressing political and social issues related to ethnic and gender minorities.

According to Brian Eno, everything is political. And in Parma, his first exhibition in Italy opens, also speaking about Palestine

Secondo Brian Eno tutto è politica. E a Parma apre la sua prima mostra in Italia che parla anche della Palestina

Brian Eno, the internationally renowned British artist and musician, opens his first retrospective exhibition in Italy at the Complesso Monumentale di San Paolo in Parma, running from May 1 to August 2, 2026. The show features two complementary projects: SEED, a site-specific sound installation created with Turkish writer Ece Temelkuran in the garden, and My Light Years, a light-based work in the newly restored Ospedale Vecchio. Curated by Alessandro Albertini, the exhibition marks Eno's return to Italy after his Golden Lion for lifetime achievement at the 2023 Venice Biennale, and follows earlier interventions at Castello del Buonconsiglio, Palazzo Te, and Ara Pacis.

"There are no minor or feminine arts." Domitilla Dardi explains this in her new book

“Non esistono arti minori o femminili”. Ce lo spiega Domitilla Dardi nel suo nuovo libro

Domitilla Dardi's new book "Cucire Universi" (published by Einaudi) presents a counter-history of design, focusing on techniques traditionally dismissed as "feminine" and "minor"—such as sewing, ceramics, cooking, and knitting. The book argues that these practices have been systematically undervalued by official art histories, yet have contributed significantly to technologically advanced research fields. Dardi uses real historical figures like Emily Dickinson to illustrate how women's creative and scientific talents were channeled into these marginalized domains, and she calls for overcoming the dualistic view that separates art from craft.

Nan Goldin Gets a Major UK Moment with ‘You Never Did Anything Wrong’

The Hayward Gallery at London's Southbank Centre has announced 'You Never Did Anything Wrong,' Nan Goldin's first major UK exhibition in over 20 years. The show, on view from November 24, 2026, to March 7, 2027, will survey Goldin's autobiographical photography, highlighting her intimate depictions of love, loss, queer and post-punk communities, and her recent anti-war activism. The exhibition follows the UK debut of her opera 'The Ballad of Sexual Dependency' at Gagosian London earlier this year.

Gordon Cheung: Many Worlds, One Mind

CLOSE Gallery in Somerset presents 'Many Worlds, One Mind', a major survey exhibition of contemporary multi-media artist Gordon Cheung, running from 6 June to 15 August 2026. The show brings together 28 works across sculpture, painting, print and etching, including pieces from Cheung's 'New Order' series, which uses algorithms to reorder pixels from Dutch Golden Age still lifes, and 'Passages of Time', a sculpture incorporating Financial Times stock listings. Cheung's work examines global capitalism, cultural memory, and the intersection of classical art history with digital technology.