Robert Mnuchin’s Rothko Sells at Sotheby’s for $85.8 M., Narrowly Missing a Record

A Mark Rothko painting, *Brown and Blacks in Reds* (1957), formerly owned by the late influential art dealer Robert Mnuchin, sold at Sotheby’s on Thursday night for $85.8 million. The work hammered at $74 million, falling short of the upper end of its $70–$100 million estimate, but with premium fees it became the second-most expensive Rothko ever sold at auction, narrowly missing the artist’s record of $86.9 million set by *Orange, Red, Yellow* (1961) in 2012. The painting was part of a sale devoted to Mnuchin’s collection, which also included works by Willem de Kooning, Pablo Picasso, Franz Kline, and Jeff Koons.

New York’s Neue Galerie to Merge with Metropolitan Museum of Art in Major Expansion

The Neue Galerie, a private museum on New York's Upper East Side founded by collector Ronald S. Lauder, will merge with the Metropolitan Museum of Art in 2028. The institution will be renamed the Met Ronald S. Lauder Neue Galerie, or Met Neue for short. Lauder and his daughter Aerin Lauder Zinterhofer will contribute funds toward a $200 million endowment, along with 13 works from their collection, including a prized Gustav Klimt and paintings by German Expressionists. The Met plans to exhibit some holdings at its Fifth Avenue base, but Klimt's "Portrait of Adele Bloch-Bauer I" will remain at the townhouse.

New York Is About to Sell $3 Billion in Art. Who’s Buying?

Vanity Fair's Nate Freeman reports on New York's spring art season, where auction houses are poised to sell at least $2.6 billion in art alongside major museum exhibitions (Raphael at the Met, Duchamp at MoMA, Matisse at Acquavella) and the opening of Frieze New York at The Shed. The article follows the social and commercial frenzy, highlighting a David Shrigley gong installation at Anton Kern Gallery's booth and the enduring dominance of New York, where nearly 90% of U.S. art sales occur.

Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

Secretive LA art dealer Larry Gagosian to be subject of 'juicy' unauthorized doc

An unauthorized documentary about mega-gallerist Larry Gagosian is in the works, directed by Barry Avrich, who previously helmed the Netflix hit "Made You Look: A True Story About Fake Art." Titled "Shadow Man: Inside The Secret World of Larry Gagosian," the film promises to feature former employees and artists sharing insider stories about Gagosian's empire. Avrich has a track record of documentaries on high-profile figures, including Lew Wasserman and Harvey Weinstein.

Venice Biennale Strike Makes History

On May 8, thousands marched through Venice and more than two dozen national pavilions were partially or fully shuttered during a 24-hour strike organized by the Art Not Genocide Alliance and local activist groups. The strike, which included Palestinian flags draped over artworks, marks the first cultural strike in the Venice Biennale's 131-year history. Italian police beat back protesters as Editor-in-Chief Hakim Bishara reported from the scene. Separately, a nesting seagull near the Polish pavilion became an unexpected star, and the LA Art Book Fair opened with a focus on archival materials.

With more than 3,000 participating institutions, the European Night of Museums returns this Saturday, May 23

Avec plus de 3 000 institutions participantes, la Nuit européenne des musées revient ce samedi 23 mai

The 22nd edition of the European Night of Museums returns on Saturday, May 23, with over 3,000 institutions across France and Europe opening their doors free of charge from late afternoon. Many museums are offering special activities such as concerts, performances, games, guided tours, and walks. The youth program "La classe, l'œuvre!" will again involve primary, middle, and high school students acting as mediators for artworks they studied throughout the year. Highlights include exhibitions at the Centre Pompidou-Metz dedicated to François Morellet and Louise Nevelson, a concert at Jean Tinguely and Niki de Saint Phalle's Cyclop in Milly-la-Forêt, a dance performance by Korean artist Eun-Me Ahn at the Musée d'Art Moderne de Paris, and exhibitions at museums in Tours, Vernon, Rouen, and Sète, as well as a Brazilian ball at the Château des ducs de Bretagne in Nantes.

Art Dubai Marks 20 Years with Special Edition Focused on Collaboration and Cultural Exchange – Friday, 15-17 May 2026.

Art Dubai returns to Madinat Jumeirah from 15–17 May 2026 for a special 20th-edition programme that reflects on the fair's evolution and reaffirms Dubai's role as a global cultural hub. Presented in partnership with A.R.M. Holding and Dubai Culture, the fair features approximately 75 presentations from commercial galleries, institutional partners, and cultural initiatives, with around 60% of participating galleries drawn from the region. Highlights include the Made Forward presentation from Dubai Collection, the 20th edition of the Global Art Forum titled 'Before and After Everything', and an exhibition of modern Arab art from the Barjeel Art Foundation. The fair also introduces an innovative risk-sharing model where booth costs are payable based on sales performance, and entry is free for all visitors.

Rothko from Robert Mnuchin collection fetches US$85.8m, becoming artist’s second-priciest work at auction

A red-and-black Mark Rothko painting, *Brown and Blacks in Reds* (1957), sold for US$85.8 million at Sotheby’s New York on May 14, becoming the artist’s second-most expensive work at auction. The canvas came from the collection of Robert Mnuchin, a former Goldman Sachs partner turned gallerist, and was the star lot of a dedicated 11-lot evening sale that totaled US$166.3 million. The winning bid was placed by Sotheby’s chairman Helena Newman on behalf of a telephone client, with the hammer falling at US$74 million against an estimate of US$70–100 million. The painting was originally owned by Joseph E. Seagram & Sons and hung in the lobby of the Seagram Building, a landmark of corporate modernism designed by Ludwig Mies van der Rohe and Philip Johnson.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

The Top Collections Leading the May Marquee Auctions

The article reports that the May 2025 marquee auctions at Christie's and Sotheby's are being driven by a resurgence of major single-owner collections, reversing a period of trophy scarcity in the secondary market. Key collections include the $130 million Robert E. Mnuchin collection at Sotheby's, the personal collection of gallerist Marian Goodman at Christie's, and the S.I. Newhouse collection expected to generate around $450 million, featuring Jackson Pollock's 'Number 7A (1948)' and Constantin Brancusi's 'Danaïde (1913)'. The article notes that the ultra-high tier above $10 million rose 30% year-on-year, and single-owner collections in New York auctions totaled $730.9 million, an 89.9% increase from Q1 2025.

Peter Doig | Peter Doig - Courtauld Gallery Exhibition poster, 20… (2024) | For Sale

A hand-signed offset lithograph poster by Peter Doig, created for his 2023 exhibition at the Courtauld Gallery in London, is being offered for sale by Alpha 137 Gallery in New York. The poster, signed by the artist in marker and accompanied by a certificate of authenticity, is priced at $5,500. The listing includes a detailed biography of Doig, noting his birth in Edinburgh in 1959, his upbringing in Trinidad and Canada, his studies at Wimbledon School of Art, Saint Martin's, and Chelsea School of Art, and his rise to international prominence as a painter who reinvigorated the medium. It also highlights his major museum exhibitions and auction record of $39.9 million at Christie's in 2021.

Rothko Leads Sotheby’s $433.1 M. Contemporary Art Sale, UK Returns Artifacts to Ethiopia, and More: Morning Links for May 15, 2026

Sotheby’s kicked off the May marquee auction season with a $433.1 million result from its modern and contemporary art evening sales in New York. The sale was led by Mark Rothko’s painting *Brown and Blacks in Reds* (1957), which sold for $85.8 million from the estate of late dealer Robert Mnuchin, who had purchased it in 2003 for $6.7 million. The auction also saw strong results for works by women artists like Joan Mitchell and ultra-contemporary artists such as Ding Shilun and Yu Nishimura. Separately, the King’s Own Royal Regiment Museum Trust in the UK returned looted artifacts to Ethiopia, including a lock of hair and blood-stained cloth belonging to Emperor Tewodros II, taken during the Anglo-Indian Expedition of 1868.

Rothko from Robert Mnuchin’s Estate Sells for $85.8 M., Leading Sotheby’s New York’s $433.1 M. Contemporary Art Sale

Sotheby’s New York held a $433.1 million modern and contemporary art sale at its Madison Avenue headquarters, led by Mark Rothko’s *Brown and Blacks in Reds* (1957), which sold for $85.8 million. The auction opened with 11 works from the estate of legendary dealer Robert Mnuchin, totaling $166.3 million, including a second Rothko and pieces by Willem de Kooning, Franz Kline, and Pablo Picasso. The contemporary art segment followed, with Jean-Michel Basquiat’s *Museum Security (Broadway Meltdown)* (1983) selling for $52.7 million. The overall sale was described by advisers as robust but not particularly exciting, and it significantly exceeded the $186.1 million equivalent sale from last year.

Does L.A’s Bold New LACMA Museum Work?

The Los Angeles County Museum of Art (LACMA) has debuted a long-awaited new building designed by Swiss architect Peter Zumthor, costing $750 million. The museum opened to the public last month with a gala for the David Geffen Galleries, and its charismatic director Michael Govan promises a new vision for how museums show art and relate to the public. Art critic Carolina Miranda joins Artnet News's Ben Davis to discuss the building's significance, having published her own analysis calling it an instant LA icon.

The Met and Neue Galerie Embark on Historic Merger

The Metropolitan Museum of Art and the Neue Galerie in New York have announced a historic merger set for 2028. The Met will acquire the Neue Galerie's Beaux-Arts mansion, renaming it the Met Ronald S. Lauder Neue Galerie (or Met Neue Galerie), while preserving its museum experience. The merger comes ahead of the Neue Galerie's 25th anniversary and its renovations from May to August 2026. Founder Ronald S. Lauder will remain involved, and the Met will supplement the Neue Galerie's programs, research, and digital initiatives. Major fundraising is underway, with the endowment target of $200 million already 80 percent met, supported by Lauder, his daughter Aerin Lauder Zinterhofer, and trustee Marina Kellen French.

‘The content, material and form support each other’: Sandy Rodriguez on her Hispanic Society Museum show

Sandy Rodriguez presents her new exhibition, *Tierra Insurgente*, at the Hispanic Society Museum and Library in Washington Heights, featuring her hand-painted maps on amate paper alongside historic codices and globes from the institution's collection. Her works blend Mesoamerican and colonial-era imagery with contemporary symbols of state violence and resistance, such as riot police, calavera-style surveillance helicopters, and references to the 2020 racial-justice protests in New Orleans. Rodriguez uses natural pigments like cochineal and hand-processed minerals on bark paper, a material once outlawed by Spanish colonizers, to create a dialogue between past and present.

Market Outlook for New York’s May Sales

New York's May sales season is underway with over $1.8 billion worth of art heading to auction at major houses including Sotheby's, where a monumental Rothko consigned by Robert Mnuchin is expected to fetch $70–100 million. Frieze New York opens at the Shed with 68 galleries, half of them local. Other notable developments include a major Banksy work hitting the auction block with one of its highest estimates ever, and the estate of sculptor Robert Therrien leaving Gagosian after nearly 30 years to join David Zwirner.

More than 70 Venice Biennale artists withdraw from awards

More than 70 artists participating in the 2025 Venice Biennale have withdrawn from consideration for the Golden Lion awards, which this year will be decided by public vote. The artists, including Walid Raad, Laurie Anderson, and Yto Barrada, signed a statement published on e-flux on May 9, withdrawing in solidarity with the entire prize jury that resigned last month over a dispute regarding the participation of Israel and Russia. The Biennale management replaced the traditional jury-selected awards with a new "Visitor Lion" system where ticket holders can vote, but the Biennale has acknowledged that if any of the withdrawing artists win, they will not collect the award.

Venice Diary Day 3: Offsite Highlights Include Fleshy Films and Vegetarian Videos

The article reports on the author's third day at the Venice Biennale, focusing on offsite exhibitions. Highlights include Li Yi-Fan's animated video "Screen Melancholy" (2026) at the Taiwan Pavilion, described as chaotic, absurdist, and uncanny, featuring a naked CGI character interacting with ChatGPT. The author also praises Janis Rafa's video installation "Baby I'm Yours, Forever" (2026) at Fondazione In Between Art Film, which transforms scenes from a meat refrigeration plant into haunting surreal imagery. The piece notes the resurgence of video art, aided by LED screens that create immersive environments.

‘I shared a single bed with my mother for three years’: Sung Tieu on her monument to immigrant workers in Venice

Artist Sung Tieu has clad the German pavilion at the 2024 Venice Biennale with a mosaic replica of the Gehrenseestrasse complex, a now-abandoned housing estate in Berlin where she lived as a child. The work, titled "Human Dignity Shall Be Inviolable," uses three million mosaic stones to recreate the facade of the prefabricated blocks that housed Vertragsarbeiter—contract workers from Vietnam, Mozambique, Angola, and Cuba who bolstered East Germany's economy. Tieu, who shared a single bed with her mother in the complex for three years, conceived the pavilion alongside the late artist Henrike Naumann.

What the Met Gains from the Neue Galerie

Was das Met mit der Neuen Galerie gewinnt

The Neue Galerie, a private museum for German and Austrian art founded by billionaire collector Ronald S. Lauder, will be integrated into the Metropolitan Museum of Art (the Met) as an auxiliary branch under the new name "The Met Ronald S. Lauder Neue Galerie." The transition, announced by founding director Renée Price, is set to be completed by 2028, with the Met assuming full operational control after a planned renovation of the historic townhouse on Fifth Avenue. The merger follows years of Lauder's stewardship and ensures the long-term future of the collection, which includes masterpieces by Gustav Klimt, Egon Schiele, Wassily Kandinsky, and Max Beckmann.

In Giverny, Monet does not benefit everyone

À Giverny, Monet ne profite pas à tout le monde

The article examines the economic paradox of Giverny, the French village where Claude Monet lived and painted. While Monet's gardens attract nearly one million visitors annually—with ticket sales estimated at €9-10 million—the village itself, with a population of just 430 and an annual budget of €600,000, sees almost none of that revenue. Visitors flood in for half-day trips, queue for hours to see the gardens, and leave by evening, spending little in local shops. The gardens, run by the Académie des beaux-arts, are tax-exempt and operate as a closed economic loop, with their boutique and restaurant generating income that stays within the institution.

Coco Fusco and Jeffrey Gibson’s Public Lectures, Free Admission at MCA Denver, and More: Industry Moves for May 13, 2026

This week's art industry moves include Coco Fusco and Jeffrey Gibson being named speakers for Johns Hopkins University's Sam Gilliam Lecture Series, with free talks scheduled in Washington, D.C. Other notable developments: MCA Denver received a $1 million gift from the Precourt Foundation for free youth admission through 2031; Xavier Hufkens now represents painter Richard Aldrich; Galatea will represent the estate of Brazilian self-taught painter Grauben do Monte Lima; Green Art Gallery added Sharjah-based artist Fatma Al Ali; Chris Sharp Gallery now represents sculptor Richard Rezac; and the Oakland Museum of California received a ceramics gift and $1 million endowment from the Brian and Edith Heath Foundation. Additionally, a Banksy painting from the "Crude Oils" series is estimated at $18 million for an upcoming Fair Warning auction at Tiffany & Co.

‘It smells like my ranch!’ Diva of dirt Delcy Morelos and her amazing 30-tonne earthworks

The article profiles Colombian artist Delcy Morelos and her immersive earthwork installations, focusing on two major works: 'The Womb Space' in Mexico City, which has drawn over 60,000 visitors in its final month, and 'Origo', a new 24-metre-wide outdoor pavilion opening at the Barbican in London. Morelos creates vast soil sculptures sourced from specific regions, evoking sensory experiences of smell, touch, and memory, and invites visitors to contemplate their connection to the earth. The piece includes her reflections on Andean cosmovision, the sacredness of nature, and her 14-year artistic inquiry into soil as a humble yet life-sustaining material.

Hoffnung auf Rekorde bei Auktionen in New York

New York's major auction houses, Sotheby's and Christie's, are gearing up for their spring sales with high-value consignments from prominent collections. Sotheby's will auction Mark Rothko's "Towering Brown and Blacks in Reds" (1957), estimated at up to $100 million, from the estate of investment banker Robert Mnuchin. Christie's is offering works from the collection of the late gallerist Marian Goodman, including Gerhard Richter's "Kerze" (1982) valued at up to $50 million and "Mohn" (1995) around $15 million, alongside pieces from the estates of publisher S. I. Newhouse and collector Agnes Gund, with a Constantin Brâncuși sculpture and a Jackson Pollock painting each estimated at $100 million, and another Rothko at $80 million.

Adelaide Biennial of Australian Art 2026 Review: Up Close and Personal

The 2026 Adelaide Biennial of Australian Art, titled 'Yield Strength,' features 24 artists across three venues, curated by Ellie Buttrose. The exhibition explores resilience under political and social pressures, with works like Erika Scott's fused assemblages from discarded domestic items, Jennifer Matthew's steel construction that manipulates visitor movement, and Nathan Beard's silicone arms critiquing exoticization of Thai culture. The title borrows an engineering term for the point at which materials transform under stress, reflecting the show's focus on art that strains formal boundaries without breaking.

Christo, Jeanne-Claude | The Pont-Neuf Wrapped (1976-2020) | Art & Prints

An auction listing for Christo and Jeanne-Claude's limited edition print 'The Pont-Neuf Wrapped' (1976-2020) has closed. The work is an archival digital print on wove paper, part of an edition of 450, accompanied by the exhibition book 'Christo et Jeanne-Claude Paris!'. The listing includes details on the artists' legacy, their monumental public projects like 'The Gates' and 'Wrapped Reichstag', and notes that similar works by Christo are available for purchase from various galleries.

Can Digital Art Ever Truly Replicate the Gallery Experience?

The article explores whether digital art platforms can replicate the experience of visiting a physical gallery. It acknowledges the impressive progress of virtual exhibitions—global accessibility, VR tours, AR overlays, and high-resolution zoom—and notes that 35% of UK adults digitally engaged with the arts in 2024/25, up from 27% in 2021/22. However, it argues that something essential is lost without physical presence: the tactile encounter with a painting's texture and scale, the serendipity of in-person discovery, and the spatial awe of standing before a Rothko in a white cube.

Theatre, production, performance: fashion invests in art

Fashion houses like Chanel are increasingly investing in contemporary art, not merely as inspiration for prints or patterns but as a strategic tool for brand positioning and cultural credibility. Gallery owner Tristan Paprocki, who recently opened a Milan space with partner Guido Romero Pierini, notes that brands now seek out emerging artists to demonstrate foresight and support new talent. Chanel has collaborated with Berlin's Hamburger Bahnhof museum for large-scale installations by artists such as Klára Hosnedlová and Lina Lapelytė, and has announced ten artists for the third edition of its Next Prize 2026, including Bárbara Sánchez-Kane, Pan Daijing, and Álvaro Urbano. These artists work across fashion, sculpture, and performance, blurring the lines between clothing and contemporary art.