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sothebys robert mnuchin collection rothko 1234776056

Sotheby’s has secured the personal collection of the late financier and legendary art dealer Robert Mnuchin for its marquee May auctions in New York. The 24-work consignment is headlined by Mark Rothko’s 1957 masterpiece 'Brown and Blacks in Reds', which carries an estimate of $70 million to $100 million. The collection also features significant works by Willem de Kooning, Franz Kline, and Jeff Koons, reflecting Mnuchin's lifelong dedication to postwar abstraction and the New York School.

roland augustine luhring augustine gallery 1234769771

Roland Augustine, cofounder of New York's Luhring Augustine gallery, is stepping down to focus on philanthropy. Cofounder Lawrence Luhring will continue leading the gallery alongside longtime directors Lauren Wittels and Donald Johnson Montenegro, who will become equity partners. Luhring bought out Augustine's share at the end of last year, and the gallery plans to restructure in 2026, potentially changing its name within three years.

report rebounding art auction market 2025 arttactic 1234767509

ArtTactic's year-end report reveals that the global art auction market rebounded to $4.55 billion in 2025, an 11.1% increase from 2024. Sotheby's saw a 17% sales jump and Christie's a nearly 7% rise. Historic single-owner sales, including estates of Leonard Lauder, Cindy and Jay Pritzker, and Pauline Karpidas, drove recovery with $884.9 million in total. Old Masters, Impressionist, and modern art surged 42.3% year-on-year, while contemporary and post-war art lagged. The trophy market (works over $10 million) grew 19.4% to $1.48 billion, led by Impressionist art up 80.4% to $1.04 billion, fueled by three Gustav Klimt canvases from the Lauder collection.

michael werner gordon veneklasen end gallery partnership 1234764180

Michael Werner and Gordon VeneKlasen, partners at Michael Werner Gallery for 35 years, are dissolving their partnership at the start of next year. Werner will continue operating Galerie Michael Werner in Berlin, while VeneKlasen will launch a new international gallery called VeneKlasen, taking over the current New York, London, and Los Angeles locations. The changes take effect in February, with VeneKlasen announcing his program early next year.

picasso christies hong kong industry moves 1234753521

Christie's Hong Kong is offering Pablo Picasso's 1944 painting *Buste de femme* with a high estimate of HK$106 million (about $13.6 million) at its 20th/21st Century evening sale, making it the top lot in Hong Kong's September sales across the three major auction houses. Other notable lots include Zao Wou-Ki's *7.3.63* (estimate HK$70–90 million) at Christie's and two Yoshitomo Nara works at Sotheby's and Phillips. In other industry moves, New York's Tilton Gallery is closing after its upcoming Ruth Vollmer exhibition; Esther Schipper Gallery now represents Lotus L. Kang; Başak Doğa Temür and Nilbar Güreş will collaborate on the Turkish Pavilion at the 2026 Venice Biennale; Yan Du Project has appointed Billy Tang as artistic director; and Phillips will auction a juvenile triceratops skeleton in New York.

matt bangser art intelligence amy cappellazzo 1234749236

Matt Bangser, a longtime director at Blum gallery (formerly Blum & Poe), will join Art Intelligence Global (AIG) as senior director on September 8. Bangser spent 16 years at Blum overseeing global sales and securing major estates like Robert Colescott, and previously held senior posts at Van de Weghe Fine Art, Phillips, and Christie's. His move follows the closure of Blum's Los Angeles and Tokyo galleries last month, when founder Tim Blum announced he was leaving the traditional gallery model. AIG co-founder Amy Cappellazzo said Bangser's experience across galleries, auction houses, and artist studios made him a rare hire.

jean paul engelen joins acquavella galleries 1234742601

Jean-Paul Engelen, currently president for the Americas and worldwide co-head of modern and contemporary art at Phillips auction house, will join Acquavella Galleries as a director starting July 1. Engelen spent a decade at Phillips, where he helped increase auction sales by 72 percent between 2015 and 2021, and previously worked at Christie’s for 16 years and at Qatar Museums.

gavin turk ben brown fine arts 2749818

British artist Gavin Turk is set to debut a new body of work at Ben Brown Fine Arts in London for his sixth solo exhibition with the gallery, titled "The Escapologist." The exhibition features a series of trompe l’oeil paintings depicting partially open doors set within frames, hung low to create a sculptural, illusionistic effect. Drawing on art historical references ranging from Gerhard Richter’s modernist doors to René Magritte’s surrealist metaphors, the works explore the door as a symbol of the threshold and the psychological tension between anticipation and absence.

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.

justin sun gave silk road founder ross ulbricht cattelan banana 2651374

At the Bitcoin 2025 conference in Las Vegas, crypto entrepreneur Justin Sun presented Maurizio Cattelan's artwork *Comedian* (2019)—a duct-taped banana that sold for $6.2 million at Sotheby's—to Ross Ulbricht, the founder of the Silk Road online marketplace. Ulbricht, recently pardoned by Donald Trump after receiving a life sentence, accepted the gift and joked about replacing the banana as it perishes. Sun had previously eaten the banana at a press conference in Hong Kong after purchasing it at auction.

Guggenheim Museum Appoints Melissa Chiu as Next Director

The Solomon R. Guggenheim Museum has appointed Melissa Chiu as its new director, effective September 1. Chiu joins the New York flagship after a 12-year tenure at the Smithsonian’s Hirshhorn Museum and Sculpture Garden, where she was credited with doubling attendance and significantly increasing fundraising. Her appointment is part of a leadership restructuring by Guggenheim Foundation Director and CEO Mariët Westermann, who will shift her focus toward the foundation's international outposts, including the upcoming Abu Dhabi location.

dealers and advisers trying to live like collectors morning links 1234749862

Art adviser Ralph DeLuca argues in Cultured that recent gallery closures, bankruptcies, and lawsuits in the art market are driven by dealers and advisers trying to live like their ultra-wealthy clients, a lifestyle he says clients resent in commission-based vendors. He also suggests that art focused on identity politics and virtue signaling no longer resonates with collectors, who are shifting toward passion and connoisseurship. Meanwhile, Artsy’s Maxwell Rabb offers a more optimistic take, framing the market downturn as an opportunity for reinvention, with quotes from CLEARING’s Babin and ADAA director Kinsey Robb about cutting through market 'fluff' and embracing creative change.

Joan Mitchell becomes most expensive female artist at auction in Asia with US$17.6m Sotheby's sale

Joan Mitchell’s diptych "La Grande Vallée VII" sold for HK$137 million (US$17.6 million) at Sotheby’s Hong Kong, setting a new record for the most expensive work by a female artist ever sold at auction in Asia. The 1983 masterpiece, part of a celebrated 21-painting cycle dedicated to a grieving friend, led a successful Modern and Contemporary Evening Auction that saw a 100% sell-through rate for its 54 lots. Other notable results included a Mark Rothko canvas that more than doubled its low estimate and significant sales for works by Sanyu and Zao Wou-Ki.

Six artists having a museum moment: Basquiat, Hockney, Bove, Brown, Wylie and Goldin

Six blue-chip artists are currently experiencing a significant wave of institutional recognition through major museum exhibitions across the globe. Cecily Brown is preparing for a homecoming solo show at London’s Serpentine South, while Jean-Michel Basquiat is the subject of a focused study on his works on paper at Denmark’s Louisiana Museum of Modern Art. Other featured artists include David Hockney, who recently opened a massive 400-work retrospective at the Fondation Louis Vuitton, alongside Carol Bove, Rose Wylie, and Nan Goldin.

These Are the Exhibitions to See During Frieze Los Angeles 2026

Frieze Los Angeles 2026 has sparked a city-wide surge of artistic activity, characterized by large-scale artist-led group shows and the creative reclamation of non-traditional spaces. Key highlights include the transformation of a massive abandoned 99 Cents Only store into a chaotic exhibition featuring over 120 artists, a sprawling video art installation across six floors of a historic vaudeville theater, and major collection surveys focusing on influential women and artists of color.

Comment | We are living in an age of bad painting—the medium must be challenged to stay interesting

The article argues that contemporary painting has entered a period of stagnation, characterized by bloated, vapid, and market-driven works. The author cites observations from Frieze London and the exhibition "Painting After Painting" at SMAK in Ghent, noting that much recent painting lacks intellectual rigor and emotional depth. A conversation with artist Christopher Wool is referenced, where he contrasts the current lack of critical dialogue with the productive crises of the late 1970s, when painters like Philip Guston faced backlash for challenging conventions.

‘The challenge will be to sustain it’: was the autumn art market boom more than just a blip?

The autumn art market saw a significant upturn, with strong sales at Frieze London, Art Basel Paris, and New York auctions, including a $236.4 million Klimt and a $2.2 billion auction week in New York—up 77% year-on-year. Emerging London galleries like Ginny on Frederick, Rose Easton, and A. Squire have reinvigorated Frieze London, while Paris benefits from luxury-house funding, with the Fondation Cartier and Fondation Louis Vuitton hosting major shows. However, concerns persist about sustainability, as geopolitical volatility and post-Brexit challenges continue to affect the market.

The 10 Best Booths at Art Basel Miami Beach 2025

Art Basel Miami Beach returned for its 23rd edition on December 3, 2025, with VIP previews at the Miami Beach Convention Center. The fair features 283 galleries from 43 countries, alongside nearly 20 satellite fairs including NADA and Untitled Art. Notable sales include a $5.5 million Gerhard Richter painting at David Zwirner and a $15 million Frida Kahlo miniature self-portrait at Weinstein Gallery. Director Bridget Finn expressed optimism about the fair's energy and its role in connecting contemporary art with music, fashion, and film.

$5.5 million Gerhard Richter painting leads Art Basel Miami Beach opening sales.

Art Basel Miami Beach 2025 opened on December 3 with strong sales, led by David Zwirner's sale of an abstract Gerhard Richter painting for $5.5 million. Other major transactions included a $4 million George Condo work at Hauser & Wirth, a $3.3 million Alice Neel painting at David Zwirner, and a $2.85 million Willem de Kooning at White Cube. Hauser & Wirth reported sales 40% higher than its entire 2024 fair week within the first three hours.

‘Christmas came early’: Art Basel Miami Beach opens with avalanche of blue-chip sales

Art Basel Miami Beach opened its 23rd edition with a surge of blue-chip sales, signaling renewed market confidence. Major galleries reported strong early results: David Zwirner sold a Gerhard Richter painting for $5.5m and an Alice Neel for $3.3m; Hauser & Wirth saw sales 40% higher than last year, including a George Condo for nearly $4m and a Louise Bourgeois for $3.2m. Other notable sales included works by Alex Katz, Pablo Picasso, Sam Gilliam, and Robert Rauschenberg, with 283 galleries participating at the Miami Beach Convention Center.

‘Really encouraging’: Phillips’s modern and contemporary sale continues New York auction momentum

Phillips’s modern and contemporary evening sale on 19 November generated nearly $54.8 million ($67.3 million with fees), a 25% increase over the same sale last year. Out of 33 lots, only two failed to sell, achieving a 94% sell-through rate. The top lot was Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967), which hammered at $13.5 million, followed by an untitled Joan Mitchell work from 1957-58 at $12 million. The sale also included natural history objects for the first time, such as a juvenile Triceratops skeleton nicknamed 'Cera,' which sold for $4.35 million. Female artists performed strongly, with Ruth Asawa’s copper wire sculptures sparking lengthy bidding wars and Firelei Báez setting a new artist record that was later broken at Christie’s the same evening.

City Gallery back with a bang

City Gallery Wellington Te Whare Toi has announced a major retrospective of British artist Cornelia Parker, set to open on 10 October 2026 and run through 7 March 2027. The exhibition, which director Charlotte Davy describes as a lifelong ambition, will feature Parker's large-scale immersive installations known for themes of destruction, reconstruction, and transformation—including works that involve exploded and suspended objects. The show follows the gallery's history of presenting landmark exhibitions by female artists such as Yayoi Kusama, Cindy Sherman, and Hilma af Klint. The exhibition is curated by City Gallery Wellington's Senior Curator Aaron Lister and UK-based Andrea Schlieker, former Director of Exhibitions and Displays at Tate Britain and Director at White Cube London.

Wes Anderson Brings Joseph Cornell’s Eccentric Workshop to Life in Paris

Wes Anderson and curator Jasper Sharp are recreating Joseph Cornell's legendary studio at Gagosian in Paris next month. The exhibition will reconstruct the secretive basement workshop where Cornell created his iconic shadow-box assemblages, using surviving photographs, objects from the Smithsonian American Art Museum's Joseph Cornell Study Center, and thousands of flea-market finds sourced across Paris and New York. The recreation includes Cornell's work table, unfinished shadow boxes, and even period-accurate details like his cleaning detergent and handwritten labels.

Mon oncle d’Amérique

Art Basel Paris officially opened on October 22, 2024, with a new VIP tier called 'Avant-Première' granting early access to favored collectors. The fair saw a shift in mood from socializing to business-focused transactions, with multimillion-dollar works on offer, including a Gerhard Richter painting reportedly sold for over $20 million by Hauser & Wirth. Pre-fair events included dinners hosted by Marian Goodman for artist Paul Sietsema, gallery openings at Salon 94's new Palais-Royal space, and a VIP evening at the Musée d'Orsay for a Bridget Riley exhibition. American galleries and collectors dominated the week's parties, with events by David Zwirner, Gladstone, and others.

Slim Phillips London Sale Totals $13.9 Million, Off 32 Percent From 2024

Phillips London's evening sale of Modern and contemporary art on Thursday totaled £10.3 million ($13.9 million), a 32 percent drop from the equivalent sale in 2024. The 45-minute auction saw 4 of 26 lots withdrawn before bidding, and 4 of the remaining 22 failed to sell, including works by Banksy, Andreas Gursky, Sigmar Polke, and Andy Warhol. The top lot was Jean-Michel Basquiat's *Untitled (Pestus)* (1982), which sold for £2.37 million ($3.19 million), just below its estimate. A new auction record was set for Emma McIntyre, whose painting *Seven types of ambiguity* (2021) more than doubled its high estimate to fetch £167,700 ($225,355).

With Ruth Asawa, MoMA is set to open its biggest show ever by a woman artist

MoMA is opening "Ruth Asawa: Retrospective" on October 19, 2025, running through February 7, 2026, featuring 275 works by the artist, including over 60 looped-wire sculptures, bronze casts, paper folds, and drawings. The exhibition, which previously appeared at SFMoMA, occupies 16,000 square feet on MoMA's sixth floor and is the largest show ever devoted to a woman artist at either institution by checklist count, though neither museum has emphasized this superlative.

The Art Insider's Guide To Frieze London

Sophia Penske, founder of Penske Projects and art advisor at Gagosian Art Advisory, presents an insider guide to Frieze London week (October 13, 2025). The article highlights key gallery exhibitions including Ed Ruscha's new linen paintings at Gagosian Davies Street, El Anatsui's wooden sculptures at Goodman Gallery, Danielle Fretwell's still lifes at Alice Amati, Victor Man's dreamlike works at David Zwirner, Danny Fox's colorful paintings at Hannah Barry, and Lenz Geerk's portraits at Massimo De Carlo. It also previews museum shows like Kerry James Marshall's "The Histories" at the Royal Academy of Arts and mentions satellite fairs and auction previews.

Phillips' Priority Bidding drives 100% sell-through at Hong Kong evening sale, totalling US$20.5m

Phillips achieved a 100% sell-through rate at its Modern and Contemporary Art Evening Sale in Hong Kong on 27 September, totaling nearly HK$160 million (US$20.5 million). All 20 lots sold, with six works exceeding HK$10 million. The top lot was Yoshitomo Nara's *Pinky* (2000), which sold for HK$56.64 million (US$7.2 million) after its estimate was lowered from HK$60–80 million to HK$35–55 million. The sale was the first major test of Phillips' new Priority Bidding (PB) system, which offers a reduced buyer's premium to collectors who place written bids at or above the low estimate at least 48 hours before the auction. Seven lots were withdrawn and several estimates revised downward ahead of the sale, contributing to the white-glove result.

Who Are the 10 Top-Selling Living American Artists?

Artnet's Auction Price Database reveals the top 10 living American artists by auction sales value in 2024, with the U.S. art market generating $4.3 billion. The list includes Cindy Sherman ($180.9 million total sales, record $6.8 million for Untitled Film Stills), Mark Bradford ($226.6 million, record $12 million for Helter Skelter I), and Mark Grotjahn ($241 million, record $16.8 million for Untitled (S III Released to France Face 43.14)). Sherman is the only woman and photographer on the list; Bradford is the only African American and represented the U.S. at the 2017 Venice Biennale; Grotjahn is a California-based abstract painter.

'Kerry James Marshall: The Histories,' Largest-Ever UK Exhibition of the Artist Includes New Paintings Exploring Role of Black Africans in Transatlantic Slave Trade

The Royal Academy of Arts in London has opened 'Kerry James Marshall: The Histories,' the largest-ever UK exhibition of the American artist, featuring over 70 works spanning 1980 to the present. The show includes eight new paintings that confront the transatlantic slave trade and the role of Black Africans who participated in the enslavement of their own people, alongside celebrated pieces like 'A Portrait of the Artist as a Shadow of His Former Self' (1980) and 'Knowledge and Wonder' (1995), the latter displayed outside Chicago for the first time.