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sothebys saudi arabian auction 2026

Sotheby's will hold its second auction in Saudi Arabia on January 31, 2026, following a successful inaugural sale in Diriyah in February 2024 that netted $17.3 million. The upcoming sale, titled "Origins," features over 70 works by established Saudi Arabian and Middle Eastern artists alongside international names, with top lots including a Pablo Picasso painting estimated at $2–3 million and works by Jean Dubuffet, Roy Lichtenstein, and Andy Warhol. The auction aims to build on lessons from the first sale, which revealed strong demand across price points and generational diversity among buyers.

auctioneers jewelry evening sales

Sotheby's held its inaugural evening sale at the Breuer building, featuring the Contemporary and the Now sale. Auctioneer Oliver Barker achieved $527.5 million in sales, surpassing the pre-sale low estimate of $379 million. The highlight was Gustav Klimt's portrait of Elisabeth Lederer, which sold for $236.4 million, setting an auction record for Klimt and becoming the second most expensive work ever sold at auction. During the sale, auctioneer Phyllis Kao wore a David Webb necklace from the mid-1980s, featuring carved emeralds, rubies, and cabochon sapphires, which was on view and available for private sale at Sotheby's retail salon in the Breuer lobby.

work of the week basquiat onion gum

Jean-Michel Basquiat's 1983 painting *Onion Gum*, priced at $21.5 million, was one of the most expensive works for sale at the 23rd edition of Art Basel Miami Beach. The large square canvas, featuring a white head and handwritten text, has a long market history: it sold for $7.36 million at Sotheby's in 2012 to hedge fund manager Daniel Sundheim, then failed to meet its estimate at auction in 2016, fetching $6.6 million. Since 2017, Van de Weghe Gallery has used the work as collateral for bank loans, showing it at multiple Art Basel fairs with prices rising from $16.5 million in 2018 to the current $21.5 million.

sothebys 2025 sales results analysis

Sotheby's is projecting $7.0 billion in consolidated 2025 sales, a 17% increase over the previous year and the strongest result in the company's history. Auction sales rose 26% to $5.7 billion, driven by high-quality consignments including the Leonard A. Lauder Collection and a $236.4 million Klimt painting. Luxury sales climbed 22% to $2.7 billion, while RM Sotheby's surpassed $1 billion for the first time. The opening of Sotheby's new global headquarters at the Breuer Building was a commercial centerpiece, generating $1.17 billion in its inaugural week. The company also expanded rapidly in the Middle East, staging the first international auction in Saudi Arabia and launching Collectors' Week in Abu Dhabi.

david zwirner benefit exhibition raises 1 million ali forney center

David Zwirner gallery in New York hosted a four-day benefit exhibition titled “Toward the Light: Artists for the Ali Forney Center,” which raised $950,000 for the Ali Forney Center, a nonprofit supporting queer youth with housing, education, job training, and medical care. Curated by art adviser Stephen Truax, the show featured 37 artists, including Ross Bleckner, Marlene Dumas, Jenna Gribbon, Julie Mehretu, and Wolfgang Tillmans, and generated $1.2 million in sales, with artists receiving $250,000 and the gallery waiving its commission. Truax, who previously co-organized smaller editions with Sotheby’s, shifted to a gallery partnership to gain more control over sales and pricing, more than doubling his initial $350,000 fundraising goal.

tiffany magnolia lamp sothebys sale

Sotheby's sold a Tiffany Studios Magnolia floor lamp for $4.4 million at its Dreaming in Glass auction in New York, making it the most expensive leaded lamp by the decorative arts studio ever sold at auction. The lamp, manufactured around 1910, features a patinated bronze stand and a 28-inch colored glass dome depicting magnolias, and was crafted by Agnes Northrop, Tiffany's star designer, rather than Clara Driscoll. The bidding battle lasted 10 minutes, surpassing the $3 million high estimate.

lalanne hippopotamus bar 31 million record

A 1976 Hippopotamus Bar by François-Xavier Lalanne sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting a new auction record for the French artist. The hand-wrought copper, steel, and wood piece, commissioned by art patron Anne Schlumberger, is the only copper prototype from the series and features concealed compartments for bottle storage, ice bucket, and glassware. The sale was part of the Schlumberger collection, which also included a gold-patinated bronze armchair by Claude Lalanne that fetched $1 million and a pair of bronze gates that sold for $787,400.

giacometti schiaparelli buttons bonhams

A pair of rare bronze buttons designed by Alberto Giacometti in 1938 for fashion designer Elsa Schiaparelli will be auctioned at Bonhams on December 16, each estimated at £5,000–£8,000. Titled "Femme aux Bras Levés," the buttons were used on garments including a coat worn by Marlene Dietrich, now in the German Cinema Museum in Berlin. Only two other examples exist, held by the Musée des Arts Décoratifs and Le Comité Giacometti. The sale also features a rare Émile Gallé vase, works by Lucie Rie, and a Tiffany Studios chandelier.

ultra contemporary chinese artists market

The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.

simon de pury photos art

The author recounts a visit to the Prado in Madrid, where his attempt to photograph a portrait by Alonso Sánchez Coello was blocked by a guard enforcing a strict no-photography policy. This experience leads him to reflect on the evolution of museum mementos, from postcards—which he used to buy and even had his children select as a curatorial exercise—to the role of social media in sharing art. He recalls his time as curator of the Thyssen-Bornemisza Collection, where postcard sales were a key revenue and popularity gauge, and notes that Instagram now serves as a virtual window into exhibitions and art fairs like Art Basel Miami.

jacques louis david versailles

The Palace of Versailles has agreed to reexamine the provenance of a Jacques-Louis David sketchbook from 1790 after a Radio France investigation revealed it was looted by the Nazis during World War II. The sketchbook was stolen from Professor Lereboullet in July 1940, sold by Munich's Karl and Faber gallery in 1943, then acquired by dealer Otto Wertheimer before being purchased by Versailles in 1951. The museum claims it was unaware of the theft, and France's ministry of culture has promised further research and discussions with the descendants.

brazil library heist matisse

Brazilian authorities arrested one suspect after an armed robbery at São Paulo's Mário de Andrade Library on Sunday, where two thieves stole eight Henri Matisse engravings and works by Brazilian painter Candido Portinari. The artworks were displayed in a glass vitrine as part of the exhibition “From the Book to the Museum,” which was set to close November 30. The thieves held up a security guard and a couple, stuffed the items into a canvas bag, and discarded some works near a rubbish heap during their escape, partially captured by facial recognition cameras. The second suspect remains at large, and the library has not disclosed which specific works were taken.

hauser and wirth sicily

Mega-gallery Hauser & Wirth is acquiring the historic Palazzo Forcella De Sata in Palermo, Sicily, as confirmed by president and cofounder Iwan Wirth. The property, a 19th-century eclectic architectural landmark that hosted Manifesta 12 in 2018, was purchased in mid-November, though Sicilian authorities and Italy’s Ministry of Culture have a two-month window to preempt the sale due to historical monument restrictions. The gallery plans to use the main floor as exhibition space, with renovations potentially completed by 2030.

warhol portrait muhammad ali art basel miami

A 1977 Andy Warhol portrait of Muhammad Ali, priced at $18 million, will be the centerpiece of Lévy Gorvy Dayan's booth at Art Basel Miami Beach. The 40-inch acrylic and silkscreen canvas, featuring a royal purple background, was previously purchased for $18.1 million at Christie's in 2021. The work is part of a series of 10 Warhol portraits of sports stars commissioned by collector Richard L. Weisman, and is autographed on the back by Ali.

leonora carrington les distractions de dagobert

In September 1945, exiled Surrealist painter Leonora Carrington completed her masterpiece *Les Distractions de Dagobert* (also known as *The Pleasures of Dagobert*), a densely layered canvas teeming with mythical figures, ritual fires, and medieval references. The painting, loosely inspired by the 7th-century Merovingian king Dagobert, depicts the monarch in a red robe on a cow-headed cart surrounded by enigmatic scenes. After a fierce 10-minute bidding war at Sotheby’s New York in May 2024, the work sold for $28.5 million to Argentine collector Eduardo F. Costantini, shattering Carrington’s previous auction record of $3.3 million. The painting is now on view at the Philadelphia Museum of Art as part of the exhibition “Dreamworld: Surrealism at 100,” the show’s only North American stop.

okeeffe seurat phillips collection deaccession

The Phillips Collection in Washington, D.C. has deaccessioned eight major works by artists including Georges Seurat, Georgia O'Keeffe, and Anish Kapoor at Sotheby's fall sales. O'Keeffe's "Large Dark Red Leaves on White" (1927) sold for $7.9 million, a Seurat drawing fetched $4.9 million, while a painting by Arthur Dove fell short of expectations and a Kapoor sculpture failed to sell. The plan, devised by director Jonathan Binstock, aims to fund future contemporary art commissions and collection care, but has sparked an 18-month dispute between museum leadership and the Phillips family descendants over the interpretation of founder Duncan Phillips's legacy.

long forgotten rubens found in paris mansion

A long-lost painting by Peter Paul Rubens, a dramatic crucifixion scene dated to around 1614–15, was discovered among the possessions of a deceased Parisian homeowner during a routine appraisal. Auctioneer Jean-Pierre Osenat identified the work and consulted Rubens expert Nils Büttner, who confirmed its authenticity through x-ray imaging and pigment analysis. The painting sold at auction on November 30 for €2.3 million ($2.7 million), exceeding its presale estimate of €1–2 million.

paula modersohn becker degenerate doubles auction record

A 1906 self-portrait by German modernist Paula Modersohn-Becker, titled *Selbstbildnis nach halblinks (Self-Portrait Looking Slightly Left)*, sold for €1.3 million ($1.5 million) at Berlin's Grisebach auction house on Thursday—more than quintupling its low estimate and more than doubling the artist's previous auction record. The work was acquired by an unnamed European private collector. The painting had previously been seized by the Nazis as "degenerate" art from the St. Annen Museum in Lübeck and was later acquired by the collector Bauer, who aimed to rehabilitate persecuted artists.

elephant sculptures migrate to art basel miami beach

A herd of 100 life-size elephant sculptures, handcrafted by 200 Indigenous artisans from South India, has arrived at Art Basel Miami Beach as part of "The Great Elephant Migration," a global public art and conservation project. The sculptures are made from lantana camara, an invasive plant, and are modeled after individual elephants from the Nilgiri Biosphere Reserve. Organized by Ruth Ganesh and the Coexistence Collective, the installation aims to promote coexistence between humans and wildlife, with proceeds from sculpture sales funding 22 conservation NGOs. The elephants have toured the U.S., appearing in Newport, Rhode Island, Manhattan's Meatpacking District, and now Miami Beach, where they have drawn enthusiastic crowds—and even a reported incident of a couple having sex on one of the sculptures, prompting police patrols.

christies london to sell third part of sam josefowitzs rembrandt print collection in december

Christie’s London will auction the third and final part of Sam Josefowitz’s Rembrandt print collection on December 3, featuring 101 etchings by the Dutch master. The sale, titled “The Sam Josefowitz Collection: Graphic Masterpieces by Rembrandt van Rijn – Part III,” follows two previous installments that together brought £13.5 million. A highlight is the rare portrait *Arnout Tholinx, Inspector* (circa 1656), estimated at up to £2.5 million, described as the last impression in private hands. The collection was amassed by Josefowitz, a Lithuanian-born entrepreneur who built a mail-order business before his death in 2015.

magrittes empire of light history

René Magritte’s *L’empire des lumières* series, comprising 17 oil paintings and 10 gouaches created between the late 1940s and early 1960s, juxtaposes a nocturnal street scene with a bright daytime sky. The article explores the origins, meaning, and market performance of these works, noting that they were inspired by a line from André Breton’s poem *L’Aigrette* and reflect Magritte’s own Brussels neighborhood. Recent auction sales have shattered records, including a 1954 version that sold for $121.2 million at Christie’s New York in November 2024, making it the most expensive Surrealist artwork ever sold at auction.

rediscovered renoir auction

A rediscovered Renoir painting, *L'enfant et ses jouets – Gabrielle et le fils de l'artiste, Jean* (created before 1910), sold for over €1.8 million ($2 million) at Hôtel Drouot in Paris on November 25. The intimate portrait of Renoir's young son Jean with his nursemaid Gabrielle had remained in the same private collection for over a century, never before published or exhibited. It was offered by auctioneer Christophe Joron-Derem in the "Tableaux Modernes" sale and purchased by an international buyer, with the hammer price of €1.45 million falling within the presale estimate.

renoir painting missing for a century sells in paris for 2 million

A Renoir painting that had been missing for a century sold for $2 million at auction in Paris. The work, titled *L’enfant et ses jouets – Gabrielle et le fils de l’artiste, Jean* (circa 1910), depicts the artist’s young son Jean with his nursemaid Gabrielle. It had never been published or exhibited and was discovered in remarkably good condition. Auction house Joron-Derem offered the painting in its Tableaux Modernes sale at Hôtel Drouot on November 25, where an international collector secured it for a hammer price of €1.45 million ($1.68 million), with buyer’s fees bringing the total to about €1.8 million ($2 million). The painting had been gifted by Renoir to his pupil and close friend Jeanne Baudot, then passed to her adopted son Jean Griot, who kept it in his bedroom until his death in 2011.

goddard tiffany window heads to auction

A Tiffany Studios stained-glass window, the Goddard Memorial Window, sold for $4.2 million at Christie's Design Sale on June 12, 2025, exceeding its high estimate of $3 million. Commissioned in 1909 by Mary Edith Jenckes Goddard for St. Luke's Episcopal Church in East Greenwich, Rhode Island, the window features a pastoral landscape with an apple blossom tree, symbolic of youth. The sale follows a surge in the Tiffany window market, including a record $12.4 million sale at Sotheby's in November 2024 and recent acquisitions by the Metropolitan Museum of Art and Crystal Bridges Museum.

norman rockwell thanksgiving freedom from want three facts

Norman Rockwell's iconic painting "Freedom From Want" (1943), known as the quintessential Thanksgiving image, is examined through three lesser-known facts. The painting was part of a series responding to FDR's "Four Freedoms" speech, initially rejected by the military's Office of War Information before being embraced for a war bond campaign that raised over $132 million. Rockwell used friends and family as models, including his wife and the family cook, who actually prepared the turkey depicted. The work has recently returned to the spotlight: a four-panel Rockwell suite sold for $7.2 million at Heritage Auctions to the White House Historical Association, while Rockwell's family criticized the Department of Homeland Security for using his art in divisive social media posts.

work of the week sargent gondoliers

A four-minute bidding war erupted at Christie’s 20th-century evening sale in New York on November 17 over John Singer Sargent’s watercolor *Gondolier’s Siesta* (1902–03). The work sold for $7.4 million with fees, more than double its $3 million high estimate, setting a new auction record for a work on paper by the artist. Another Sargent painting, *Capri* (1878), also performed strongly in the same sale, fetching $11.5 million with fees.

new york auctions recap

New York's marquee auction week delivered strong results, with Sotheby's and Christie's posting combined sales of nearly $2 billion. Sotheby's achieved a record $706 million evening at its new Breuer Building headquarters, driven by the Leonard Lauder estate sale, while Christie's $690 million 20th-century sale was up 41.9% from last November. Gustav Klimt's *Portrait of Elisabeth Lederer* sold for $236.4 million, setting a new auction record for the artist and becoming the most expensive Modern artwork ever sold at auction. Frida Kahlo's *El Sueño (La Cama)* fetched $54.7 million, a record for a work by a woman artist at auction.

sothebys modern sales by the numbers

Sotheby's three-part modern art evening auction in New York on Thursday night achieved a total of $304.6 million, a dramatic increase from the $93.1 million equivalent sale last year. The sale featured 69 lots, with three withdrawn and none bought in, resulting in a 95% sell-through rate. Top lots included Vincent van Gogh's still life "Piles de romans parisiens et roses dans une verre" (1887), which sold for $62.7 million with premium to private advisor Patti Wong, and a work by Frida Kahlo. Third-party guarantees covered 55% of the presale low estimate, but bidding remained competitive throughout.

art market minute nov 24

Last week's New York marquee auctions saw record-breaking sales and billions of dollars in transactions, providing a much-needed boost of confidence after nearly three years of market contraction. The article reviews top sales and notable flops from the week, analyzing how these results are shaping the current market outlook.

frida kahlo el sueno sothebys auction

Frida Kahlo's painting *El sueño (La cama)* (1940) sold at Sotheby's New York for $54.7 million on Thursday night, setting a new auction record for any artwork by a female artist. The sale, which lasted under five minutes, exceeded the previous record held by Georgia O'Keeffe's *Jimson Weed/White Flower No. 1* ($44.4 million in 2014). The painting was backed by an irrevocable bid and came from the collection of Selma Ertegun, offered as part of a Surrealist group titled "Exquisite Corpus." Anna Di Stasi, Sotheby's head of Latin American art, placed the winning bid on behalf of a client.