Christie's led the global fine-art auction market in 2025 with $3.5 billion in sales, a 10.1% increase from 2024. Its top lot was Mark Rothko's 'No. 31 (Yellow Stripe), 1958,' which sold for $62.1 million. Sotheby's followed closely with $3.3 billion in sales, a 31% annual increase, highlighted by the record-breaking $54.7 million sale of Frida Kahlo's 'El sueño (La cama).' Phillips placed a distant third with $390.9 million in sales, a 14.2% decline.
Bonhams auction house, in collaboration with the Fine Art Group, is organizing a four-part, 550-lot sale of Diane Keaton's personal belongings. The sales, taking place online and in New York from late May to mid-June, will include her iconic wardrobe, Hollywood memorabilia, home furnishings, and a significant portion of her art collection, featuring works by artists like Robert Rauschenberg and Ed Ruscha, as well as her own mixed-media collages.
Christie's will auction Pierre-Auguste Renoir's 1876-77 painting 'La femme aux lilas (Portrait de Nini Lopez)' in its 20th Century Evening Sale on May 18, with an estimate of $25 million to $35 million. The work has been owned by the Whitney Payson family since 1929 and is being sold from the collection of the late Lorinda Payson de Roulet, daughter of the original buyers, Joan Whitney Payson and Charles Payson.
Two previously unseen preliminary drawings of Winnie-the-Pooh by illustrator E.H. Shepard have surfaced for the first time on the centenary of the children's classic. Brought forward by Shepard’s family, the pencil sketches depict scenes from A.A. Milne’s original 1926 book that were never fully realized or published. These rare works, along with several other preliminary sketches that did make it into print, are currently on display and for sale at Peter Harrington Rare Books in London before traveling to the New York International Antiquarian Book Fair.
A rare, typewritten lyric sheet for Bob Dylan’s song “I’m Not There” has resurfaced after being hidden for nearly 60 years inside a first-edition book of poetry by Allen Ginsberg. The document, which was discovered by a book dealer handling the estate of Sally Grossman, is set to be auctioned by Omega Auctions with an estimate of £20,000–£40,000. Other high-profile collectibles hitting the block include Stephen Curry’s game-worn sneakers at Sotheby’s and a signed Albert Einstein etching.
Philanthropist Jennifer Gilbert is consigning a selection of blue-chip postwar artworks to Sotheby’s this spring to fund Lumana, a new arts nonprofit in Detroit. The auction highlights include Joan Mitchell’s 'Loom II', estimated at $5 million to $7 million, and a significant target-style painting by Kenneth Noland that could set a new auction record for the artist. The collection also features works by George Rickey and Harry Bertoia, emphasizing a cohesive blend of midcentury abstraction and design.
Global auction totals saw a significant rebound in 2025, rising 13.3 percent compared to the previous year after a prolonged period of decline. The latest Artnet Intelligence Report highlights this recovery while shifting focus toward the increasingly influential world of private auctions, where high-value masterpieces are traded in invitation-only, clandestine settings away from the public eye.
A rare 1929 Patek Philippe wristwatch, originally owned by Paul Starrett—the chairman of the corporation behind the Empire State Building—is headed to auction at Phillips in New York. The Tiffany & Co. signed timepiece was purchased by Starrett during the construction of the iconic skyscraper and features unique floral engravings alongside his initials. It is expected to fetch between $15,000 and $30,000 during the June sale.
Anna Condo, the former wife of American painter George Condo, is bringing 27 previously unseen works from her private collection to auction at Christie’s. The collection, which includes paintings, drawings, and sculptures acquired during their 28-year marriage, will be featured in the Post-War and Contemporary Art day sale on May 21. These works have never been exhibited or sold publicly, offering a rare glimpse into the artist's private creative output between 1988 and 2017.
Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.
Real estate brokerage Cushman and Wakefield has filed a lawsuit against Sotheby’s, alleging the auction house failed to pay a $10.2 million commission following the $510 million sale of its former York Avenue headquarters to Weill Cornell Medicine. The broker claims that under a 2023 agreement, they were entitled to a 2-percent fee if the medical school transitioned from a tenant to a buyer, a deal that was finalized in 2025. Sotheby’s has dismissed the lawsuit as "baseless," asserting they will be vindicated in court.
New Orleans Auction Galleries has announced its upcoming Fine Art and Design sale, featuring 279 lots that span over a century of modern and contemporary art. The auction highlights a diverse range of works, including pieces by Mexican modernist José Clemente Orozco, Abstract Expressionist Grace Hartigan, and Southern Regionalist John McCrady. The selection focuses on themes of identity, social consciousness, and the intersection of text and visual media.
Artnet recently hosted a virtual deep dive into the burgeoning phenomenon of private art auctions, a trend highlighted in their 2026 Intelligence Report. Unlike traditional public sales, these events are highly curated, invitation-only affairs that prioritize discretion and control over the typical spectacle of the auction block. The discussion explored the mechanics of these sales, which often bypass public records and leave the broader market in the dark regarding final prices and buyer identities.
Astronaut Scott Kelly is utilizing his record-breaking year-long mission aboard the International Space Station to capture high-altitude photography of Earth's surface. Dubbing his work #EarthArt, Kelly shares abstract, vividly colorful images of terrestrial landscapes—ranging from the Australian outback to the Himalayas—with his massive social media following. His approach favors formal abstraction over traditional documentation, highlighting the planet's diverse topography through a lens that blurs the line between science and fine art.
The Robert Rauschenberg Foundation has sold the artist’s 22-acre Captiva Island estate to South Seas, a neighboring resort developer, for $45 million. The sale includes Rauschenberg’s former home, studio, and several cottages where he lived and worked for decades. The Foundation defended the move by citing the prohibitive costs of protecting the site against rising sea levels and hurricane damage, confirming that the prestigious Rauschenberg Residency program will now come to an end.
Major auction houses are preparing for a series of high-profile sales in April, headlined by a suite of fifteen gilt-bronze mirrors by Claude Lalanne. Originally commissioned for the Paris apartment of fashion icon Yves Saint Laurent and Pierre Bergé, the mirrors are expected to fetch between $10m and $15m at Sotheby’s. Other notable lots include a rare Diane Arbus photograph from the collection of Lily Tomlin and Jane Wagner, a pastoral landscape by Russian artist Konstantin Somov, and a centuries-old drawing based on Albrecht Dürer’s famous rhinoceros woodcut.
Art collector David Nahmad has publicly denied allegations that Amedeo Modigliani’s "Seated Man with a Cane" (1918) is Nazi-looted property. Following revelations from the Panama Papers that Nahmad is the true owner of the painting via the International Art Center, he defended his provenance, claiming the work sought by the heirs of Jewish art dealer Oscar Stettiner is a different painting entirely. Nahmad asserted that if the work is definitively proven to be looted, he will return it, but he currently maintains that the historical documentation regarding a 1944 sale at Drouot refers to a self-portrait, not the work in his possession.
South Seas, a resort on Florida's Captiva Island, has purchased Robert Rauschenberg's 22-acre property, including his studio and beachfront, for $45 million. The Robert Rauschenberg Foundation sold the estate, citing unsustainable maintenance costs and the need to focus on its core mission, despite the property having survived Hurricane Ian.
The Penn Museum at the University of Pennsylvania is courting controversy by consigning a major 1891 painting by Ottoman artist Osman Hamdi Bey, titled "At the Mosque Door," to Bonhams London with an estimate of $2.7–$4 million. Although the museum purchased the work directly from the artist in 1895, it was never formally accessioned into the collection, allowing the institution to bypass strict industry regulations that typically prohibit using art sale proceeds for anything other than new acquisitions or collection care. The museum intends to use the funds to establish a permanent endowment for the long-term maintenance of its vast archaeological holdings.
The 45th edition of Arco Madrid opened at the IFEMA Madrid complex with a notably slower start than previous years. While initial VIP attendance appeared thin due to competing events and geopolitical factors, the fair regained its momentum by midday, drawing a crowd of international collectors and 211 galleries from 30 countries. Exhibitors noted a more relaxed atmosphere compared to major fairs like Art Basel, with visitors taking a more contemplative approach to acquisitions.
A newly authenticated painting by Amedeo Modigliani, "Jeune femme brune" (1917–18), is being offered for sale by Pace gallery at Art Basel Hong Kong with a price tag of €11.5 million ($13.3 million). The work, the highest-priced piece at the fair, was only recently included in art historian Marc Restellini's forthcoming Modigliani catalogue raisonné after decades of authentication disputes and legal battles.
Adrian Cheng, a key figure in Hong Kong's art world, identifies major trends shaping the city's art scene ahead of Art Basel Hong Kong. He highlights the convergence of major art fairs, auction house sales, and new gallery openings during the 'Art March' period, drawing a global audience with high-profile exhibitions by international artists like Mary Weatherford, Nicole Eisenman, and El Anatsui.
The Brooklyn Museum is deaccessioning approximately 200 objects from its collection, including American furniture, artworks, and textiles, through a sale hosted by Brunk Auctions on April 9. Highlights include a rare circa 1690 walnut dressing table, estimated at $80,000–$120,000, and a late 17th-century oak cupboard. The museum states the sale is part of an ongoing effort to convert storage spaces into galleries and that proceeds will fund collection care and new acquisitions.
A collection of 206 sold-out estate prints by photographer Vivian Maier is being offered as a single lot in Artnet's Important Photographs auction, with an estimate of $1–1.5 million. The trove, which includes gelatin silver and archival pigment prints from the 1950s to 1980s, represents a rare opportunity to acquire a comprehensive group of her work that is no longer available through primary market galleries.
Nifty Gateway, a once-prominent curated NFT marketplace, has announced its closure after failing to achieve its ambitious goal of converting one billion people into NFT owners. The platform, which initially succeeded by focusing on digital art sales, leveraged social media metrics like Instagram popularity to select artists such as Kenny Scharf, Filip Hodas, and FVCKRENDER, favoring a pop-centric, visually digestible aesthetic.
A once-common sales tactic in the contemporary art market, known as "buy-one, give-one" or "bogo," has significantly declined. Under this arrangement, collectors gained preferential access to in-demand artists' paintings by agreeing to purchase two works and donating one to a museum. The practice peaked from 2021 to 2023, with institutions like the Metropolitan Museum of Art and the Institute of Contemporary Art, Miami, acquiring works this way.
Lost John Constable Painting Rediscovered in Texas Bound for Auction
A long-lost, large-scale oil study by John Constable for his famous painting *The Cornfield* has been rediscovered and authenticated after decades in a rural Texas museum. Scientific analysis, including pigment tests and infrared reflectography, confirmed the materials and techniques match Constable's own, leading experts to declare it the largest known study for the 1826 masterpiece. The work, which had been mistakenly cataloged as a copy, will now be auctioned by Heritage Auctions in Dallas this June.
Chinese American artist Hudson Shaoxia Zhang has been named the inaugural recipient of the U.S. Golf Art Foundation Fellowship Award, a distinction recognizing his prolific career dedicated to the intersection of sport and landscape painting. Zhang, a former art historian who authored over 40 books before returning to a dedicated studio practice, has produced more than a thousand paintings of golf courses. His work has gained significant international traction recently, with four solo exhibitions across Europe in 2024 and a major museum retrospective at the Art Museum of Nanjing University of the Arts in 2023.
Artnet Auctions has launched its "20th Century Art" sale, featuring works by blue-chip masters including Joan Miró, Yves Klein, and Andy Warhol. The auction, curated by specialists Sylvie François Sturtevant and Jason Rulnick, highlights the distinction between "rarity"—objects that are unusual due to limited production or historical loss—and "scarcity"—where high market demand outstrips the available supply of editioned works.
The longtime New York City residence and studio of legendary photographer Robert Frank and sculptor June Leaf has been listed for sale at $6.5 million. Located at 7 Bleecker Street in NoHo, the 209-year-old Federal-style townhouse served as the couple's creative base for over four decades, maintaining a raw, unfinished aesthetic that mirrored their artistic sensibilities. Despite its significant art-historical pedigree, the real estate listing omits the artists' names, instead marketing the property as a redevelopment opportunity with significant buildable square footage.