Sotheby's second auction in Saudi Arabia, titled 'Origins II,' achieved a strong result of $19.6 million, surpassing its presale estimate. The sale of 61 lots was bolstered by a new auction record for a Saudi artist and a significant increase in the value and volume of works by Saudi artists sold compared to the house's inaugural sale in the country last year.
The Andy Warhol Foundation for the Visual Arts is launching a new grant program to support U.S.-based visual arts nonprofits with budgets under $200,000, offering awards between $20,000 and $30,000. The program will begin accepting applications for its Spring 2026 grant cycle, with a deadline of March 1. This marks a significant expansion of the foundation's previous focus, which had been on organizations with budgets of $300,000 or more.
Three films by Gerard Malanga, a key figure in Andy Warhol's Factory, have been restored and will premiere in Pittsburgh. The 16mm works, transferred to 4K, include "Film Notebooks, 1964–1970," "The Filmmaker Records a Portion of His Life in the Month of August, 1968," and "Andy Warhol: Portraits of the Artist as a Young Man (1964)."
Italian fashion designer and art collector Valentino Garavani died in Rome on January 19 at age 93. Born in Voghera, he moved to Paris for fashion studies, worked for Jean Dessès and Guy Laroche, then launched his own brand in Rome in 1959. Known for elegant gowns worn by icons like Jacqueline Kennedy Onassis and Princess Diana, he retired in 2008. Garavani and his longtime business partner Giancarlo Giammetti built significant art collections; Garavani sold a Basquiat painting for $67 million at Christie’s in 2023, and Giammetti sold another for $93 million in 2021. Garavani also owned works by Warhol, Lichtenstein, and de Kooning. In 2024, he opened PM23, an exhibition space in Rome run by the Fondazione Valentino Garavani and Giancarlo Giammetti, which launched its second show, “Venus,” featuring Joana Vasconcelos, two days before his death.
Boston's Midtown Hotel has sparked outrage after decorating its newly renovated space with AI-generated artwork that mimics Andy Warhol's style to depict local celebrities like David Ortiz and Barbara Walters. Guest Alex Steed publicly criticized the hotel on social media, noting the art's uncanny valley quality and the placard proudly stating the works were entirely created by artificial intelligence. The complaint went viral, drawing thousands of views and comments condemning the hotel for choosing AI over hiring local artists in a city known for its art schools and museums.
Angelina Jolie's New York studio space, Atelier Jolie at 57 Great Jones Street, faces a legal challenge over its name. The pre-existing Atelier Jolie in Easton, Pennsylvania, established in 2021 by artist and curator Omnaia Jolie Abdou, has filed an opposition to Jolie's trademark application with the U.S. Patent and Trademark Office, arguing that the name is already used for art and design goods and services. Jolie's lawyers contend there is no competition between the two establishments, and settlement negotiations are ongoing.
Sotheby's will hold its second auction in Saudi Arabia, titled "Origins II," on January 31 in Diriyah, following its first auction in the kingdom in February 2024. The inaugural sale, also called "Origins," achieved $17.3 million within pre-sale estimates but had a 65.8% sell-through rate, with 40 of 117 lots unsold, particularly jewelry and handbags. The upcoming auction will focus exclusively on fine art, featuring over 70 works by international and Middle Eastern artists, including Anish Kapoor, Andy Warhol, Mohammed Al Saleem, Mahmoud Sabri, and Samia Halaby. The sale is scheduled just before the inaugural Art Basel Qatar.
Swiss art dealer Yves Bouvier has filed a motion in federal court in Manhattan to recover 91 artworks valued at an estimated $100 million, which he claims were entrusted to French dealer Pascal de Sarthe. Bouvier is seeking to compel at least 15 banks and two major auction houses—Sotheby's and Christie's—to provide information about the artworks' whereabouts. The legal action, initiated in Hong Kong in October, targets de Sarthe, who disputes Bouvier's ownership. Bouvier alleges that after his long-running legal battle with Russian billionaire Dmitry Rybolovlev, he was blacklisted by auction houses and entered into an oral agreement with de Sarthe and dealer Jean Marc Peretti for custody of the artworks, but de Sarthe has allegedly failed to respond to inquiries. A Hong Kong hearing was held in early October for orders including injunction and preservation.
Swiss art dealer Yves Bouvier has filed a Section 1782 petition in US federal court to locate 91 artworks he claims are his, worth approximately $100 million. The filing targets roughly 15 major banks and two auction houses (Sotheby's and Christie's) to compel disclosure of financial and transactional records. The request is tied to Hong Kong legal proceedings against French dealer Pascal de Sarthe, whom Bouvier accuses of failing to return works placed with him for safekeeping. De Sarthe disputes Bouvier's ownership, and his attorney has asked the New York court to delay or deny the application as premature.
Artnet News analyzed the 10 most expensive lots sold at auction in 2024, drawing on the Artnet Price Database. The top lot was René Magritte's *L'Empire de Lumières* (1954), which sold for $121.2 million at Christie's New York in November, setting a new auction record for the artist and becoming the only work to break nine figures this year. Other notable sales included Ed Ruscha's *Standard Station, Ten-Cent Western Being Torn in Half* (1964) at $68.3 million, Claude Monet's *Nymphéas* (1914–17) at $65.5 million, and Jean-Michel Basquiat's *Untitled (ELMAR)* (1982) at $46.4 million. Seven of the top 10 lots sold in New York, with Hong Kong, London, and Vienna also represented.
At Art Basel Miami Beach, digital artist Beeple (Mike Winkelmann) debuted a new installation titled "Regular Animals" in the fair's Zero10 digital art section. The work features a pen of robot dogs fitted with lifelike heads of Elon Musk, Mark Zuckerberg, Pablo Picasso, Andy Warhol, Jeff Bezos, and Beeple himself. The robots wander, twitch, and periodically tip backward to eject printed images from their backsides, satirizing the algorithmic nature of digital platforms. The installation drew large crowds, with visitors like Courtney Karnez describing it as a "guilty pleasure" and a communal spectacle. By the end of the first VIP day, all editions of the robots had sold for $100,000 each.
Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.
Sara Friedlander has been named chairman of Post-War & Contemporary Art for the Americas at Christie's. In an interview, she discusses her philosophy of prioritizing client relationships and the art itself over market speculation, criticizing the trend of 'wet paint' sales that inflate young artists' prices. She has overseen major private collection sales including the Edlis | Neeson Collection, which will anchor Christie's 21st Century Sale, and has set records for artists like Ernie Barnes and Joan Mitchell.
A stretch of Great Jones Street in downtown Manhattan between Bowery and Lafayette has been officially renamed "Jean-Michel Basquiat Way" in a ceremony co-organized by the Basquiat estate and the New York City Council. The street naming honors the late artist, who lived and worked in a second-floor space at 57 Great Jones Street from 1983 until his death in 1988, a property he rented from Andy Warhol. The event featured remarks from Basquiat's sisters Lisane Basquiat and Jeanine Heriveaux, along with city officials and cultural figures.
Phillips’s Frieze Week evening sale in London totaled £10.33 million ($13.88 million) across 22 lots, a 32% decline from last year’s £15.1 million on 31 lots. The sale was 82% sold by lot and 84% by value. Highlights included a new world auction record for Emma McIntyre, whose painting *Seven Types of Ambiguity* (2021) sold for £167,700, and strong results for Martha Jungwirth and Flora Yukhnovich. However, major lots by Banksy, Andy Warhol, and Jean-Michel Basquiat underperformed or failed to sell, and four lots went unsold, including works by Andreas Gursky and Sigmar Polke.
A federal judge has denied a motion to dismiss music producer and art collector Kasseem Dean, known as Swizz Beatz, from a bankruptcy case tied to the 1MDB scandal. Dean and his two companies, Monza Studios and Swizz Beatz Productions, were named as defendants in a suit filed in October 2024 by joint liquidators Angela Barkhouse and Toni Shukla, seeking to recover $7.3 million allegedly transferred to Dean from entities controlled by Jho Low, the mastermind of the $7.65 billion 1MDB fraud. Judge Naomi Reice Buchwald ruled that the plaintiffs' claims are not time-barred, that they have standing, and that sufficient facts have been pleaded to proceed to discovery.
A jury trial is underway in Kingston, New York, to determine who will control the estate of Billy Name, the artist and photographer who lived with Andy Warhol in the 1960s and documented the Factory scene. Name died in 2016, and two competing wills have emerged: one from 2011 naming his niece Suzette Linich as executor, and another from 2015 naming his agent Dagon James. Linich argues Name lacked mental capacity when signing the later will, while James insists Name was lucid and fit.
A man was killed on the National Mall in Washington, D.C., while unloading a 1979 BMW Art Car custom-painted by Andy Warhol. The accident occurred when a winch securing the vehicle on a flatbed truck failed, pinning the unidentified man beneath the car. The sports car was to be featured in a pop-up exhibition called “Cars at the Capital,” organized by the Hagerty Drivers Foundation, which has since canceled the event out of respect for the deceased.
Christie’s has been consigned to sell works from the collection of the Kawamura Memorial DIC Museum of Art, including pieces by Claude Monet, Pierre-Auguste Renoir, Marc Chagall, Henri Matisse, and Henry Moore, as part of its fall marquee auctions. A top highlight is Monet’s oil painting *Nymphéas* (1907) with a low estimate of $40 million. The museum, located in Sakura, Japan, and owned by the DIC Corporation, decided last December to downsize and relocate, selling 75 percent of its 384 artworks valued at $77.5 million. The sale includes eight works in Christie’s 20th Century Evening Sale in November, with additional pieces in day sales for Impressionist and Modern Art as well as Post-War and Contemporary Art.
Filming has begun on the long-awaited Jean-Michel Basquiat biopic *Samo Lives* in New York City's East Village, specifically around Tompkins Square Park. Directed by Julius Onah and starring Kelvin Harrison Jr. as Basquiat, the film was first announced in January 2022 but faced delays. Grainy photos from local blog EV Grieve suggest an actor has been cast to play Andy Warhol, Basquiat's friend and collaborator. The production is shooting in the neighborhood where Basquiat once lived and worked, including his former studio at 57 Great Jones Street.
Carter Reese, a 77-year-old former teacher and college admissions consultant from Reading, Pennsylvania, was sentenced to 60 days in prison, two years of supervised release, a $50,000 fine, and $186,125 in restitution for selling forged artworks attributed to Pablo Picasso, Andy Warhol, and Joan Miró. Reese pleaded guilty to wire fraud and mail fraud in May, admitting that from 2019 to 2021 he sold or attempted to sell counterfeit pieces using false affidavits and signatures, and claimed he acquired them from a supplier using the pseudonym 'Ken James'—who had previously been convicted for selling $1 million in fake art.
Four artworks by Jean-Michel Basquiat, Pablo Picasso, and Diane Arbus, seized by the U.S. Department of Justice in connection with the 1Malaysia Development Berhad (1MDB) scandal, sold for a combined $36 million in an online auction conducted by the U.S. Marshals Service. The lots included Basquiat's *Self Portrait* (1982) for $8.3 million and *Red Man One* (1982) for $22 million, Picasso's *Tête de taureau et broc* (1939) for $5 million, and Arbus's *Child with a Toy Hand Grenade* for $500,150. The auction, held by Gaston and Sheehan in Texas, ran from July 16 to September 4.
The UK High Court has rejected a final appeal by Icelandic artist Oddur Eysteinn Friðriksson, known as ODEE, to retain ownership of his conceptual artwork *We're Sorry* (2023), a fake website that mimicked Iceland's largest fishing company Samherji and apologized for its alleged role in the Fishrot corruption scandal. Judge Anthony Mann upheld a previous order requiring ODEE to surrender control of the domain, ruling that the site was not a parody and constituted an instrument of fraud, thus not protected under Article 10 of the Human Rights Act.
Maripol, the French-born photographer who documented downtown New York's 1980s cultural scene, is selling selections from her archive through Joopiter's Marketplace platform in a sale titled "Downtown Archive: '80s – '90s New York." The sale includes her Polaroid portraits of icons like Jean-Michel Basquiat, Madonna, Grace Jones, Debbie Harry, and Andy Warhol, as well as ephemera such as an invitation to Fiorucci's 15th anniversary party at Studio 54. Also featured are artifacts from Sophie Bramly, creator of "Yo! MTV Raps," including her custom bomber jacket and photographs of hip-hop pioneers like Kool Herc, Run-DMC, and Keith Haring. The sale is rounded out with vintage designer fashions from Chanel, Thierry Mugler, Bob Mackie, and Donna Karan, curated by retailer Vintage Grace.
Billionaire collector Ronald Perelman's $410 million insurance trial has finally begun after seven years of litigation, over 1,500 court filings, and a 2018 fire at his East Hampton estate. The dispute centers on five paintings by Cy Twombly, Ed Ruscha, and Andy Warhol that survived the fire but were exposed to smoke and sprinklers. Perelman claims the works lost their market appeal—their "oomph"—while insurers at Lloyd's of London dispute any detectable damage and allege Perelman quietly tried to sell some of the pieces. The trial has also revealed that Perelman sold over 70 works from his collection after a margin call from Deutsche Bank, with some contested paintings used as collateral.
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.
A high-profile Hong Kong real estate family, the Parkview group, explored an art-backed loan with Sotheby’s earlier this year, offering over 200 works by artists including Andy Warhol, Pablo Picasso, Salvador Dalí, Yue Minjun, Qi Baishi, and Zao Wou-Ki. The deal collapsed due to logistical challenges around transporting and warehousing the large collection at Sotheby’s facilities. Parkview clarified that no agreement was reached and no loan is expected, while Sotheby’s did not comment.
A 77-year-old Pennsylvania man, Carter Reese, pleaded guilty on May 29 to wire fraud and mail fraud for selling artworks falsely attributed to major modern and contemporary artists including Joan Miró, Pablo Picasso, Andy Warhol, Jean-Michel Basquiat, Roy Lichtenstein, Keith Haring, Fernand Léger, and Francis Bacon. The scheme ran from February 2019 to March 2021, and was uncovered by the FBI's Art Crime Team in Philadelphia and Miami. Reese, a former teacher and admissions director at Pottstown's Hill School, also claimed a personal collection of 17,000 antiques valued at over $6 million.
Cowley Abbott's spring live auction, 'Select Masterworks of Canadian and International Art,' will take place on May 28, 2025, featuring over 90 lots. Highlights include works by Marcelle Ferron (Sans titre, 1964, est. $300,000–$400,000), Andy Warhol (Ladies and Gentlemen (Ivette and Lurdes), 1975, est. $70,000–$90,000), Emily Carr (Fir Trees, ca. 1935, est. $275,000–$375,000), Henri Le Sidaner (L’Escalier, Beauvais, ca. 1900, est. $100,000–$150,000), and Fernand Léger (Composition, 1950, est. $30,000–$50,000). The sale spans Pop art, Canadian Modernism, Post-Impressionism, and abstraction.
Wayne Thiebaud's 1961 painting *Pie a la Mode* will headline Bonhams' 20th and 21st century sale in New York on May 14, with an estimate of $1.2 million to $1.8 million. The work, which depicts a lone slice of pie with melting ice cream against a stark black background, is making its auction debut after six decades in a private collection. The 25-lot sale also includes works by Willem de Kooning, Alexander Calder, Fernando Botero, Joel Shapiro, and Ernie Barnes.