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simon de pury art market confidence 2720560

The article reports on the upcoming Art Basel in Miami Beach and the improved mood in the art market, driven by strong auction results. Sotheby's emerged as the clear winner over Christie's in the fall 2024 auctions, achieving over $2.2 billion in total sales across Sotheby's, Christie's, and Phillips. Key consignments included the Leonard Lauder Collection, featuring a record-making Klimt, a Frida Kahlo that became the highest-selling work by a woman artist, and Maurizio Cattelan's golden toilet. The article credits Sotheby's move into the Breuer building—formerly home to the Whitney, the Met, and the Frick—for enhancing the presentation and aura of the previews.

want one of bob thompsons enigmatic paintings the best time to buy was yesterday 2707960

Artnet News reports on the rising market for African American painter Bob Thompson, who died at 28 in 1966 but produced thousands of works in a five-year span. His vibrant, narrative paintings—inspired by Old Masters, Greek mythology, and Modernism—have long influenced artists and curators, yet only recently commanded high auction prices. In 2024, all 16 lots offered sold, totaling $4 million, with a record $1.26 million for *Music Lesson* (1962) at Christie’s. The article traces his career from Louisville to Europe, his estate history with dealer Michael Rosenfeld, and current interest from collectors and institutions like the Whitney Museum and Smithsonian American Art Museum.

frieze new york 2025 preview 2638793

Frieze New York 2025 is set to take place at the Shed in Manhattan, bringing together over 65 contemporary art galleries from more than 25 countries. The fair coincides with major institutional shows at the Guggenheim, Whitney Museum, and the Metropolitan Museum of Art, as well as the recent reopening of the Frick Collection after a $220 million renovation. Notable galleries include Gagosian, Hauser & Wirth, Pace, and David Zwirner, alongside international dealers like Goodman Gallery and Kurimanzutto. The Focus section, curated by Lumi Tan, features 12 young galleries. On the eve of the fair, Frieze itself was sold by Endeavor to former CEO Ari Emanuel for a reported $200 million.

sothebys lauder now contemporary sales report klimt record 1234762267

Sotheby's held a marathon double sale at its new Breuer Building location, selling Gustav Klimt's portrait of Elisabeth Lederer for $236.4 million—the second highest price ever paid for an artwork at auction. The evening featured works from the collection of the late cosmetics heir Leonard Lauder, totaling $527.5 million, far exceeding its low estimate. The subsequent "Contemporary and the Now" sale brought in $178.5 million, with a Jean-Michel Basquiat painting selling for $48.3 million. Overall, the night generated $706 million, with multiple auction records set for artists including Cecily Brown, Antonio Obá, Yu Nishimura, Jess, and Noah Davis.

art collaboration kyoto director to depart tap 2713429

Yukako Yamashita will step down as director of Art Collaboration Kyoto (ACK) after leading the fair since 2022. The four-day event, which concluded at the Kyoto International Conference Center, featured 72 galleries from 19 countries and regions, with 29 Japan-based galleries hosting 30 international galleries in shared booths—its largest edition yet. Highlights included Annely Juda Fine Art's sale of three David Hockney works and Kurimanzutto selling 75 percent of its solo booth with artist WangShui. The fair also launched the Bangkok Collaborate Kyoto Fellowship, awarding WangShui and Takuro Tamayama a residency in Bangkok. ACK will return November 6–9, 2025.

consignors new york november auctions 2025 2711189

New York's November 2025 auction season is set to feature at least $1.67 billion in art across Sotheby's, Christie's, and Phillips, a 54% increase in estimates from the same period last year. The season is dominated by major estates, including Leonard Lauder's $400 million trove at Sotheby's with Klimt paintings and Matisse bronzes, Cindy Pritzker's collection featuring a Van Gogh, and anonymous Surrealist works. Christie's offers $736 million in low estimates from collections like Robert and Patricia Weis, Elaine Wynn, and Stefan Edlis. Phillips remains risk-averse, focusing on established names. The market shows a flight to quality, with emerging art reduced and delegated to day sales, while ultra-contemporary segments contract.

david zwirner yoshitomo nara artist representation 1234759832

David Zwirner gallery announced it will now officially represent Japanese artist Yoshitomo Nara, with his first solo exhibition planned at Zwirner's New York space. The representation deal was brokered through Nara's international agent Joe Baptista and his Equivalence Art Agency. Baptista was previously a partner at Pace Gallery, Nara's longtime representative, and his departure from Pace had not been publicly announced. Nara was also long represented by Blum Gallery, which closed earlier this year after its final Nara show in Los Angeles. Pace Gallery CEO Marc Glimcher expressed surprise but said Pace will continue to have a relationship with the artist.

yves klein painting sells for 21 4 m at christies paris 1234758742

A 14-foot-wide Yves Klein painting, *California (IKB 71)*, sold at Christie’s Paris for €18.4 million ($21.4 million), setting a new auction record for the artist in France. The work, the largest format Klein made in his signature International Klein Blue, was the cover lot of the house’s *Avant-garde(s) including Thinking Italian* sale and had been in the same New York collection since 2005. Christie’s recently uncovered that the painting stopped in New York en route from Paris to California, where it appeared in a show with dealer Leo Castelli.

kerry james marshall frieze london royal academy 1234757330

Kerry James Marshall's paintings are being offered at Frieze London, with two major works on view at different galleries. Alexander Gray Associates presents Marshall's 1992 painting *A Woman with a Heart of Gold* for $2.9 million, a collage-like work that critiques racial fantasies in mass-market romance. David Zwirner shows the 1990 painting *A Little Romance* priced at $3.2 million, depicting a dreamy reclining figure. Meanwhile, the Royal Academy's exhibition “Kerry James Marshall: The Histories” has drawn enthusiastic repeat visits from dealers and auction-house figures, generating significant buzz during Frieze week.

yves klein blue painting christies paris 1234753827

Christie’s has secured a monumental Yves Klein painting, *California (IKB 71)*, for its October 23 sale in Paris. Measuring 14 feet wide, it is the largest format the artist ever made in his signature International Klein Blue (IKB) and carries an estimate of €16–25 million ($18–29 million). The work was created in 1961 and has a newly uncovered provenance: after being shown in Los Angeles at Virginia Dwan’s gallery, it stopped in New York for an exhibition with dealer Leo Castelli before returning to Paris. It has been in a New York collection since 2005 and was on long-term loan to the Metropolitan Museum of Art from 2005 to 2008.

yasmina reza art play putting a higher price on it 1234751691

The article examines the revival of Yasmina Reza's play "Art" on Broadway, which centers on three men arguing over a seemingly blank canvas purchased for a high price. The new production updates the painting's cost from 200,000 francs (about $60,000) to $300,000, reflecting today's inflated art market. The play's themes of aesthetics versus market value resonate with current debates about speculative hype and irrational pricing in contemporary art.

armory show vip day sales report 1234750917

The Armory Show's VIP preview day on Thursday saw long queues and a cautiously upbeat mood at the Javits Center, despite a shaky art market marked by gallery closures and fair cancellations. Dealers reported serious interest and solid sales, including a $1 million work at Galleria Lorcan O’Neill, a Kehinde Wiley painting for $265,000 at Sean Kelly, and a Kennedy Yanko sculpture for $150,000 at James Cohan. The highest-priced work, Alex Katz's 1962 painting *October 2*, was listed at $1.2 million but remained unsold. The fair attracted major collectors like Don and Mera Rubell and institutional figures such as Thelma Golden and Scott Rothkopf, with the Presents section for emerging galleries also seeing brisk sales.

christophe de menil dead 1234749264

Christophe de Menil, a collector, designer, and patron who cultivated deep relationships with many of the 20th century's most influential artists, died in New York on August 5 at age 92. A member of the renowned Menil family, she was the daughter of John and Dominique de Menil, founders of the Menil Collection in Houston. Her close friends included Merce Cunningham, Andy Warhol, Willem de Kooning, and Jasper Johns. She married artist Enrique Castro-Cid and was the grandmother of artist Dash Snow. De Menil appeared three times on the ARTnews Top 200 Collectors list and built a collection featuring works by René Magritte, Barnett Newman, and others. She also worked as a fashion designer, creating garments for theater director Robert Wilson, and commissioned Frank Gehry and Doug Wheeler for her New York home renovation.

art worlds lifestyle competition art detective 2671494

The article examines the seductive and often corrupting influence of extreme wealth in the art world, detailing how high-end dealers, advisors, and collectors indulge in lavish lifestyles involving private jets, couture, and exclusive parties. It highlights recent scandals, including the imprisonment of art dealer Inigo Philbrick and advisor Lisa Schiff for defrauding clients, and a new legal battle between prominent art advisors Barbara Guggenheim and Abigail Asher, who accuse each other of misappropriating millions to fund luxury expenses.

sam gilliam foundation sued over disputed drape painting and more art industry news 2669000

The Sam Gilliam Foundation has been sued over a disputed Drape painting, while the Art Dealers Association of America announced it will not hold its annual New York fair, The Art Show, in 2025, citing a strategic pause. Christie's reported $2.1 billion in auction sales for the first half of 2025, matching last year's figure but down 22% from 2023, and a juvenile Ceratosaurus fossil sold for $30.5 million at Sotheby's. Galleries are seeing movement: Nicole Wittenberg joins Acquavella Galleries, Harper Levine plans a Bangkok space, and Felix Rödder will open Rodder on Manhattan's Upper East Side. Yale University Art Gallery withdrew federal grant applications over anti-DEI language, and the Smithsonian American Art Museum named Mary Savig curator-in-charge of the Renwick Gallery.

one takeaway from art basel it remains a buyers market 2659059

Art Basel 2025 saw cautious buying despite optimistic statements from major dealers like Pace's Marc Glimcher, who claimed sales velocity was as vigorous as any year. However, collector attendance was thin, with American attendance down for the second year running due to trade tensions and geopolitical concerns. Deals were closing at 20 to 30 percent below asking prices, confirming a buyer's market. Sales ranged from a $245 collectible Labubu figurine by Kasing Lung to works by Wei Libo, Joyce Joumaa, Lonnie Holley, Joan Jonas, Hao Ling, Sarah Lucas, and Rosemarie Trockel, with most activity under $1 million.

art basel 2025 2657464

Art Basel 2025 opened in Basel with VIP previews, featuring a mix of high-priced works like Félix González-Torres's $16 million performance piece and Yu Nishimura's fresh-to-market triptych at €375,000. The fair adapts to a shifting market with lower price points, faster decisions, and new sectors like Premiere for ultra-contemporary art, alongside global expansion including a new fair in Doha. Satellite events like Liste and the Basel Social Club offer alternative experiences, while curated booths, such as Gagosian's 30th-anniversary presentation, blend curatorial idealism with the fair format.

top 10 german art collectors 472364

Artnet News has published a list of the top 10 German art collectors, coinciding with the opening of Art Cologne 2015. The list includes notable figures such as Frieder Burda, who opened his own museum in Baden-Baden; Nicolas Berggruen, the "homeless billionaire" who favors contemporary American and German artists; Christian and Karen Boros, who display their collection in a repurposed Berlin bunker; industrialist Reinhold Würth, whose collection spans from Renaissance to contemporary; former dealer Désiré Feuerle, known for his eclectic mix of Khmer sculpture and contemporary art; and Hasso Plattner, co-founder of SAP and a major collector of Impressionist and modern works.

paint drippings art industry news jun 9 2653630

Frieze has announced over 280 exhibitors for its October fairs in London, with around 160 galleries at Frieze London and 120 at Frieze Masters, running concurrently in Regent's Park from October 15 to 19. In auction news, the original Hermès Birkin bag prototype will be sold at Sotheby's Paris on July 10, and Bonhams has appointed Celine Assimon as chief commercial officer. Galleries saw significant moves: Christian Deydier in Paris is closing due to new EU regulations on imported cultural objects, while Carroll Dunham joined Matthew Brown, Cristina Iglesias signed with Hauser and Wirth, and several other artists changed representation. Meanwhile, Tate Liverpool received £12 million in UK government funding plus philanthropic support for its redevelopment, the Royal Academy of Arts named Simon Wallis as its new secretary and chief executive, and the Whitney Museum suspended its Independent Study Program for a year after controversy over censorship of a pro-Palestine performance. The Robert Rauschenberg Foundation made three new appointments, and the Académie de la Grande Chaumière in Paris faces eviction.

paint drippings art industry news jun 2 2651753

This week's art industry roundup covers major personnel shifts, fair announcements, and institutional news. Phillips named Robert Manley chairman for Modern and contemporary art and Miety Heiden chairman for private sales after the departures of Cheyenne Westphal and Jean-Paul Engelen. Art Basel Paris announced 203 galleries for its October fair at the Grand Palais, while Kiaf Seoul will host 176 exhibitors in September. Tony Karman is stepping down as director of Expo Chicago after 14 years. Pace Gallery added Friedrich Kunath, Galerie Nordenhake signed Naufus Ramírez-Figueroa, and Sylvia Kouvali now represents Luigi Zuccheri. Ariel Pittman is launching a new Los Angeles gallery, Official Welcome. The Louvre will return 258 works from Adèle de Rothschild's bequest to the Fondation des Artistes. President Trump dismissed Smithsonian National Portrait Gallery director Kim Sajet over DEI support, though his authority is questioned. The Centre Pompidou announced a new $240 million outpost in Brazil. The Art Institute of Chicago confirmed director James Rondeau will return after a flight incident. The Pérez Art Museum Miami appointed Karen H. Bechtel as board president. Frieze and Deutsche Bank detailed their 2025 Emerging Curators Fellowship. A rare Gustav Klimt portrait of an African prince was offered for €15 million.

the appraisal jack whitten 2637789

The article reports on the Museum of Modern Art's retrospective "Jack Whitten: The Messenger," which runs through August 2 and features 175 works including paintings, sculpture, and archival materials. Curator Michelle Kuo describes Whitten's "endless innovation," noting that art handlers were astonished by his pioneering techniques. Whitten, who died in 2018 at age 78, moved from Alabama to New York in 1960, attended Cooper Union, and was influenced by jazz and figures like Willem de Kooning and Romare Bearden. The article also examines Whitten's art market, highlighting his auction record of $2.66 million for "Special Checking" (1974) at Sotheby's in 2019, and noting that while prices are rising, his work remains undervalued compared to peers like Gerhard Richter.

kenny schachter new york fair auction recap 2648049

Kenny Schachter's article for Artnet News draws a parallel between President Jimmy Carter's 1977 energy-crisis plea to lower thermostats and the current art-market response to Trump-era tariff turmoil. He reports that the spring 2025 auction cycle generated $1.25 billion, continuing a decade-long decline from the 2014 peak, with bidders spending less and big-ticket sellers stuck. Schachter also promotes his own no-reserve auction, "Hoarder #6," scheduled for July 8–17 at Phillips, and critiques Trump's economic policies and crypto ventures, name-dropping Justin Sun as a major holder of $Trump tokens.

who is marlene dumas highest selling living woman artist 2645224

At a Christie’s New York 21st-century art sale, Marlene Dumas’s painting *Miss January* (1997) sold for $13.6 million with premium, setting a new auction record for the most expensive artwork by a living woman artist. The work, estimated at $12–18 million, narrowly surpassed the previous record of $12.4 million held by Jenny Saville since 2018. Dumas, a 71-year-old South African painter based in Amsterdam, has built a steady market over decades, with her galleries carefully managing her work to avoid speculation.

dynamo room uffner lius frieze wet paint 2642476

Artnet News's 'Wet Paint' gossip column reports from Frieze Week in New York, noting a prevailing cultural pessimism fueled by essays on the death of culture and the impact of the second Trump administration. Amidst this, Jeff Koons's 'Hulk Elvis' sculptures at Gagosian's Frieze booth (priced at $3 million each, with one sold) offered a perverse relief. The column also highlights the second edition of the Esther art fair at the Estonian House, described as an 'aura fair' prioritizing community and a welcoming environment over strict commercial focus, contrasting with the more predictable Frieze fair.

phillips modern contemporary 2025 evening sale report 1234742156

Phillips New York's modern and contemporary evening sale on Tuesday night generated $52 million, a 40 percent drop from the $86 million achieved in the same sale last year. The auction exactly met its pre-sale estimate, but five lots failed to sell and four were withdrawn. Despite the overall downturn, five new records were set for women artists, including Kiki Kogelnik, Ilana Savdie, Olga de Amaral, and Grace Hartigan. The top lot was Jean-Michel Basquiat's *Untitled* (1984) at $6.6 million, followed by works by Ed Ruscha and Donald Judd. Bidding was active for several works, with many going to US buyers, and a painting by Yu Nishimura, newly represented by David Zwirner, sold for more than double its estimate.

paint drippings art industry news may 12 2643106 2643106

This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

3 million jeff koons hulk sells on buoyant first day at frieze new york 2641415

At the VIP opening of Frieze New York on Wednesday, dealers reported strong sales despite economic uncertainty from Trump administration policies and trade war threats. The fair, recently sold to Hollywood powerhouse Ari Emanuel, returned to the Shed in Hudson Yards with 67 exhibitors. Gagosian Gallery generated the most buzz, selling one of three Jeff Koons Incredible Hulk sculptures—polychromed steel works priced around $3 million each—and placing a hold on another. Other notable sales included works by Tuan Andrew Nguyen, Tomie Ohtake, Sheila Hicks, Liza Lou, and Gertrude Abercrombie, with galleries like James Cohan, Galeria Nara Roesler, Thaddaeus Ropac, Karma, and Hauser & Wirth reporting brisk business.

consignors revealed new york auctions may 2025 2637611

The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

hauser wirth uptown sale jens hoffmann project wet paint 2638685

Hauser & Wirth has sold its Upper East Side townhouse at 32 East 69th Street for $10.5 million to a developer, ending a decades-long presence in the neighborhood. The property, purchased in the 1990s as a family residence, was renovated by architect Annabelle Selldorf and later used as gallery space from 2009, hosting exhibitions by artists like Pope.L, Anna Maria Maiolino, Luchita Hurtado, and Arshile Gorky. Gallery co-founder Iwan Wirth cited a shift in the family's center of gravity to Chelsea and the business's expansion downtown with new locations on West 18th Street and Wooster Street in SoHo.

paint drippings art industry news may 2 2639285

This week's art industry roundup covers major developments including the sale of Frieze to Hollywood powerbroker Ari Emanuel for $200 million, the opening of Frieze New York amid a cautious market, and the appointment of Alexander Rotter as global president of Christie's. Other highlights include the collapse of a record $32 million Gustav Klimt sale due to restitution issues, Phillips adding country-of-origin details to lot descriptions due to tariff confusion, and gallery moves such as Petzel now representing Tschabalala Self and Hauser & Wirth selling its Upper East Side townhouse for $10.5 million. The Mellon Foundation announced $15 million in emergency funds for state arts councils to offset cuts by the National Endowment for the Humanities.