christies 2025 sales results analysis 1234767047

Christie's closed 2025 with $6.2 billion in projected global sales, a nearly seven percent increase from $5.8 billion in 2024 and in line with its 2023 total. Auction sales reached $4.7 billion, up eight percent year-over-year, while private sales held steady at $1.5 billion. The year's top lot was Mark Rothko's *No. 31 (Yellow Stripe)*, which sold for $62.1 million in New York. Other highlights include a record Picasso sale in Hong Kong ($25.4 million) and the Fabergé Winter Egg in London (£22.9 million). The house also saw strong performance from its automobiles business, Gooding Christie's, which delivered $234 million in sales. Geographically, the Americas grew 15 percent to $2.58 billion, while Asia-Pacific slipped 5 percent.

malba acquires daros latinamerica collection expansion 1234766956

Malba, the Museum of Latin American Art of Buenos Aires, has acquired the Daros Latinamerica Collection, a private trove of 1,233 works by 117 artists spanning the 1950s to 2010s. The deal, orchestrated by founder Eduardo F. Costantini, nearly doubles the museum's holdings to roughly 3,000 works and is part of a broader expansion timed to Malba's 25th anniversary in 2026, including a building extension beneath Plaza Perú that will double its footprint to 90,000 square feet.

trump dc buildings demolish philip guston ben shahn 1234766509

A retired General Services Administration official, Mydelle Wright, has accused the Trump administration of attempting to demolish four historic federal buildings in Washington, D.C., including the Wilbur J. Cohen Federal Building. The allegation was made in a supplemental declaration filed in a lawsuit brought by preservation groups. Wright claims the White House is soliciting demolition bids without GSA involvement, which she says has sole authority over such processes. The Cohen building houses significant New Deal-era murals by Ben Shahn, Philip Guston, and Seymour Fogel, and has been described as "the Sistine Chapel of the New Deal." The Trump administration has halted a planned green renovation and listed the building for accelerated disposition, raising fears of demolition and loss of the artworks.

phillips modern contemporary art auction report francis bacon 1234762505

Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.

kurt cobain nirvana guitar christies 1234762094

A 1969 Fender Competition Mustang guitar owned by Nirvana frontman Kurt Cobain is being auctioned by Christie's in March, with an estimated price of $2.5–$5 million. The guitar was used on the albums *Nevermind* and *In Utero*, as well as in the music video for "Smells Like Teen Spirit" and numerous live performances. It is part of the Jim Irsay Collection, assembled by the late Indianapolis Colts owner, which includes instruments from John Lennon, Jimi Hendrix, Prince, and others.

video data bank downsizing school art institute chicago 1234761928

The School of the Art Institute of Chicago (SAIC) laid off three of five staff members at the Video Data Bank (VDB), a renowned video art distribution organization, on November 12. Former director Tom Colley announced the dismissals of digital collection manager Elise Schierbeek and distribution assistant Nicky Ni, and stated that acquisitions and programming would cease. SAIC cited financial pressures from federal policy changes and enrollment declines, insisting the VDB is not closing but needs adjusted staffing to protect its teaching mission. The VDB, founded in 1976 and approaching its 50th anniversary, holds works by major artists including Nam June Paik, Pipilotti Rist, and Bruce Nauman, and has historically received NEA funding.

border patrol anish kapoor bean photo 1234760966

British artist Anish Kapoor's iconic sculpture *Cloud Gate* (2006), known as "the Bean," in Chicago's Millennium Park became the site of a controversial photo op on Monday, when dozens of U.S. Border Patrol agents, led by chief Gregory Bovino, gathered in front of the 110-ton piece just after dawn. The agents, armed and in fatigues, reportedly shouted "Little Village"—a predominantly Mexican American neighborhood where Border Patrol had deployed tear gas in a raid over the weekend—instead of "cheese" for the photo. Local officials, including Chicago governor J.B. Pritzker and alderman Mike Rodriguez, condemned the action, and Kapoor himself expressed horror, likening the agents to "SS Nazi troops" and calling the incident a "fascist battle cry of intimidation." Chicago artist Michael Rakowitz also denounced the shoot as a "horrible invasion and occupation."

judge denies motion to dismiss swizz beatz 1mdb case 1234754469

A federal judge has denied a motion to dismiss music producer and art collector Kasseem Dean, known as Swizz Beatz, from a bankruptcy case tied to the 1MDB scandal. Dean and his two companies, Monza Studios and Swizz Beatz Productions, were named as defendants in a suit filed in October 2024 by joint liquidators Angela Barkhouse and Toni Shukla, seeking to recover $7.3 million allegedly transferred to Dean from entities controlled by Jho Low, the mastermind of the $7.65 billion 1MDB fraud. Judge Naomi Reice Buchwald ruled that the plaintiffs' claims are not time-barred, that they have standing, and that sufficient facts have been pleaded to proceed to discovery.

claude monet sale bankruptcy george allen weiss 1234754305

Financier George Allen Weiss is seeking court approval to sell Claude Monet's painting *Nymphéas* (1914–17) for $36.5 million to an unnamed buyer, as part of his bankruptcy proceedings. Weiss filed for bankruptcy in June after a federal judge ruled he owed over $100 million in debt tied to his hedge fund, Weiss Multi-Strategy Advisers, which also filed for bankruptcy in 2024. The sale, handled through Weiss's GW Crown Holdings LLC, is intended to cover $123 million in debt to Bank of America, but Jefferies Strategic Investments has filed a limited objection demanding the buyer's identity be disclosed, citing a comparable Monet that sold for $65.5 million at Sotheby's.

george soros trump open society foundations investigation 1234753658

The Trump administration has escalated its attacks on billionaire philanthropist George Soros, with the Justice Department calling for an investigation into his Open Society Foundations. The foundations, which provide substantial grants to artists and human rights organizations globally, are accused of potential racketeering, wire fraud, and material support for terrorism, based on allegations from the conservative Capital Research Center. Soros, a major Democratic donor, has previously been targeted by Trump and Vice President JD Vance, who claim the foundations fund leftist protests. The Open Society Foundations have awarded $100,000 fellowships to numerous prominent artists, including Firelei Báez, Yto Barrada, and Nicholas Galanin, and provided $1.2 billion in funding in 2024 alone.

ai weiwei censorship die zeit allegations 1234753034

Chinese artist Ai Weiwei has accused the German newspaper Die Zeit of publishing a “distorted and unjust” article about him, following an earlier incident in which he claims the paper censored an article it commissioned him to write. In a series of posts on X, Ai detailed how Die Zeit’s magazine, Zeit Magazin, invited him to write a piece in July, then revised and ultimately refused to publish it—an act he calls censorship. He later agreed to an interview with Die Zeit journalist Olivia Kortas in Kyiv, where he had just unveiled a large-scale installation at Pavilion 13 responding to armed conflict. Ai alleges that Kortas had not seen the exhibition and that her published article, titled “The Annoyance,” contained distortions and subjective judgments, particularly regarding his statements on arms deliveries to Ukraine.

new yorker covers marilyn minter awol erizku 1234751997

The New Yorker has commissioned six contemporary photographers—Marilyn Minter, Awol Erizku, Ryan McGinley, Collier Schorr, Camila Falquez, and Alex Prager—to reimagine historical illustrated covers for the magazine’s centennial. Each photographer created a celebrity portrait inspired by a past cover, such as Erizku’s photo of Spike Lee as Eustace Tilley and Minter’s recreation of a 1925 cover featuring actress Sadie Sink. The project marks only the third time in the magazine’s history that photography has been used for its cover.

jeff poe blum collector helen mcnicoll morning links 1234749492

Jeff Poe, co-founder of the now-closed Blum & Poe gallery, gave an interview to Artnet News reflecting on his departure from the gallery in 2023 and the challenges of running a gallery. He spoke about the financial risks, travel, and exposure that led him to seek a simpler path, without mentioning his former partner Tim Blum. Separately, Hypebeast published a story titled 'The Slow Death of the Contemporary Art Gallery,' arguing that rising rents and changing expectations are forcing galleries to adapt, with collectors increasingly focusing on 'red-chip' artists driven by viral buzz rather than institutional backing.

banksy mural judge protestor scrubbed off royal courts wall 1234751395

On September 8, 2025, street artist Banksy painted a new mural on an exterior wall of the Royal Courts of Justice in London, depicting a judge using a gavel to beat a protester lying on the ground, with a red blood-like spatter on the protester's placard. The artwork was quickly covered and guarded, and by September 10, a masked man was filmed scrubbing the image off the wall while police stood nearby. The Ministry of Justice stated the mural was destroyed because the building is a protected heritage site, and the court was obliged to maintain its original character.

georges seurat a sunday on la grande jatte why so important 2 1234747593

Georges Seurat's Post-Impressionist masterpiece, *A Sunday on La Grande Jatte* (1884–86), is analyzed in depth for its revolutionary technique and historical context. The painting depicts weekend day-trippers in a Parisian park, employing pointillism—which Seurat called divisionism or *peinture optique*—to fix modern life in a chromatic eternity. Influenced by his academic training under Henri Lehmann (a student of Ingres) and Michel Eugène Chevreul's color theory, Seurat used tiny dots of color that blend in the viewer's eye, merging science with art. The work was preceded by *Bathers at Asnières* (1884), which shares the same landscape and thematic concerns, together portraying both sides of the Seine.

ronald perelmans 410m trial finally begins 1234747916

Billionaire collector Ronald Perelman's $410 million insurance trial has finally begun after seven years of litigation, over 1,500 court filings, and a 2018 fire at his East Hampton estate. The dispute centers on five paintings by Cy Twombly, Ed Ruscha, and Andy Warhol that survived the fire but were exposed to smoke and sprinklers. Perelman claims the works lost their market appeal—their "oomph"—while insurers at Lloyd's of London dispute any detectable damage and allege Perelman quietly tried to sell some of the pieces. The trial has also revealed that Perelman sold over 70 works from his collection after a margin call from Deutsche Bank, with some contested paintings used as collateral.

ed sheeran paintings jackson pollock heni 1234747085

Singer Ed Sheeran is presenting a series of abstract paintings titled the “Cosmic Carpark Paintings” at Heni Gallery in London, with the exhibition opening this Friday. The works, made by dripping and splashing paint onto canvases placed on the floor, closely resemble Jackson Pollock’s drip paintings. Sheeran’s foundation is selling prints for £900 each, with 50% of proceeds benefiting UK schools. Sheeran told the Guardian he painted in a disused Soho car park during tour downtime, and the gallery’s press release describes the works as “inspired by celestial patterns” without mentioning Pollock.

28 years later antony gormley angel of the north 1234746226

The article examines the appearance of Antony Gormley's iconic 1998 sculpture *Angel of the North* in the zombie film *28 Years Later*. The Cor-Ten steel work, which towers 66 feet tall near Gateshead, appears in an overgrown field as a symbol of post-apocalyptic abandonment, reflecting the film's themes of failed quarantine and societal collapse. Director Danny Boyle and screenwriter Alex Garland use the sculpture to critique conservative British politics, with the film's ending making explicit reference to a British celebrity posthumously accused of rape.

carlos agredano fume los angeles nomadic art division 1234746165

Artist Carlos Agredano, who grew up near the 105 Freeway in Lynwood, California, has created a traveling sculpture titled "FUME" (2025) that uses air quality sensors mounted on his 1992 Toyota Pickup to measure pollution from vehicle exhaust and ambient air. The work was exhibited at the Los Angeles Nomadic Art Division (LAND) and is part of Agredano's broader practice examining how the LA freeway system has harmed working-class communities of color through toxic drift and destructive urban planning. His research draws on sources including Eric Avila's book "Folklore of the Freeway" and studies from UCLA's Center for Occupational & Environmental Health.

louisville art historian resigns statue louis xvi damaged 1234743495

Chris Reitz, an art historian and chair of Louisville’s Commission on Public Art, has resigned in protest over the city’s plan to restore a statue of King Louis XVI that was damaged by protesters in May 2020 following the police killing of Breonna Taylor. In an op-ed, Reitz argued that the $200,000 restoration cost is unjustified for a statue he deems beyond repair, and accused city officials of trying to erase evidence of the protests. The statue, created by Achille Valois, was originally erected in France in 1829 and gifted to Louisville in 1966; it was vandalized on the same day the city released 911 calls from Taylor’s killing.

may marquee auctions recap analysis christies sothebys 1234742284

Christie's marquee auctions in New York generated $489 million across two sales, led by the $272 million 'Leonard & Louise Riggio: Collected Works' sale and a $217 million 20th century art evening auction. The house guaranteed all 39 lots in the Riggio sale and used third-party guarantees on many others to mitigate risk in a soft market. Top lots included Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black, and Blue* (1922) at $47.6 million, Claude Monet's *Peupliers au bord de l'Epte, crépuscule* (1891) at $49.2 million, and Mark Rothko's *No. 4 (Two Dominants) [Orange, Plum, Black]* (1950–51) at nearly $39 million. Two Warhols were pulled before the sale, highlighting ongoing challenges in selling high-value works at auction.

gustav klimt portrait failed auction sale fraulein lieser 1234740370

The sale of Gustav Klimt's *Portrait of Fräulein Lieser* (1917), which fetched €35 million ($37.51 million) at im Kinsky in Vienna in 2024, has collapsed after the anonymous Hong Kong buyer withdrew. The buyer had attempted to negotiate indemnification settlements with all known heirs of Adolf and Henriette Lieser for 60% of the sale proceeds, but one heir refused to sign, causing the deal to fall through. The auction house now faces estimated losses of at least €1.5 million ($1.7 million).

switzerland buhrle foundation settlement manet jewish heirs 1234739848

The foundation overseeing the Emil G. Bührle collection has reached a settlement with the heirs of Jewish collector Max Silberberg over Édouard Manet's painting *La Sultane* (c.1871), allowing the work to remain on view at the Kunsthaus Zurich. Bührle, a German Swiss industrialist who profited from arms sales to Nazi Germany and used slave labor, amassed a collection now known to include many Nazi-looted artworks. The settlement follows a 2021 report by Raphael Gross finding that over a quarter of the 205 loaned works likely belonged to Jewish owners, sparking public protests and artist Miriam Cahn's withdrawal of her works from the museum.

Pleasure, parody and propaganda: rethinking the art of illustration in a new history of the genre

D.B. Dowd's new book "Reading Pictures" offers a sweeping 400-page history of illustration, tracing the genre from the Diamond Sutra frontispiece in Tang China (AD868) to Molly Crabapple's Gaza reports in 2015. The book examines key works such as Jules Chéret's 1891 poster for the Alcazar d'Été Club, Stuart Davis's caustic covers for The Masses, and Duong Ngoc Canh's Vietnamese propaganda poster, arguing that illustrations are meant to be "read" rather than admired like museum paintings.

‘We are complicit’: Austrian artist Florentina Holzinger’s immersive Venice Biennale pavilion brings apocalypse to the city

Austrian artist Florentina Holzinger has created 'Seaworld Venice,' an immersive and confrontational installation for the Austrian Pavilion at the 2024 Venice Biennale. The work explores climate change, technology, and a dystopian flooded future, drawing comparisons to the 1995 film 'Waterworld'—though neither Holzinger nor curator Nora-Swantje Almes had seen it. Known for extreme performance art involving nudity, blood, live piercing, and heavy machinery, Holzinger's previous works have caused audience members to faint or require medical treatment. The pavilion marks a significant platform for her radical, hybrid practice that blends theatre, dance, opera, and performance art.

The forgotten Chinese conceptualists: Melbourne show brings together works by New Measurement Group

An exhibition at Buxton Contemporary in Melbourne, titled "Poetry Goes No Further Than Language: a Historical Moment of Art Becoming Art Again," brings together the complete artistic output of the New Measurement Group, a pioneering Chinese conceptual art collective from Beijing, alongside four conceptual experiments by Shanghai-based artist Qian Weikang. Curated by Carol Yinghua Lu and artist Liu Ding, the show aims to reassess early Chinese conceptual art, featuring works by the New Measurement Group (Chen Shaoping, Gu Dexin, Wang Luyan), pieces from the New Wave art movement, and new commissions by Melbourne artist Darcey Bella Arnold. The curators faced challenges locating the group's five publications, including one purchased on eBay from Europe, and used re-enactment and re-fabrication to recreate lost works like Qian's "Ladder Poem" (1990).

France's Château La Coste hosts four decades of work by designer Marc Newson

Australian designer Marc Newson is presenting a comprehensive survey of his four-decade career at Château La Coste in Provence. The exhibition, housed in a pavilion designed by Oscar Niemeyer, features fifteen seminal works including the iconic 1988 Lockheed Lounge and a complex 2017 glass armchair. A highlight of the show is the 6-meter-tall sculpture 'Electra,' originally commissioned for the 1996 Olympics but never installed, which has been restored and recently acquired by collector Philip Serafim.

New Bienal de Yucatán to spotlight Mexican region’s growing art scene

The city of Mérida is set to host the inaugural Bienal de Yucatán from November 2026 to February 2027, marking a significant milestone for the region's burgeoning contemporary art scene. Spearheaded by patron and curator Catherine Petitgas with artist Abraham Cruzvillegas serving as artistic director, the biennial aims to provide a formal platform for the city's dense ecosystem of over 40 galleries, international artist studios, and the Universidad de las Artes de Yucatán (UNAY). The announcement follows the successful debut of the Week of Art Yucatán (WAY), a multi-venue festival that showcased the city's unique blend of repurposed industrial spaces and traditional haciendas.

A Centre Pompidou in Korea

Un Centre Pompidou en Corée

The Centre Pompidou has officially announced the opening date for its new satellite branch in Seoul, South Korea, scheduled for June 26, 2026. This international expansion is being developed in partnership with the Hanwha Foundation of Culture, a philanthropic arm of the South Korean conglomerate Hanwha, and will be housed in a space designed by architect Jean-Michel Wilmotte.

food marcel sothebys restaurant roman williams

Marcel, a new restaurant, opened on April 17 in the lower level of Sotheby’s new home at the Marcel Breuer building on the Upper East Side. Designed by Roman and Williams in partnership with the auction house, the space features walnut-paneled walls, an open kitchen, and a pâtisserie. Chef Marie-Aude Rose, who also oversees La Mercerie downtown, created a “continental” menu rooted in French technique but influenced by Breuer’s Hungarian heritage, with dishes like chicken paprikash and lobster bisque with turmeric and ginger. The wine list comes from Sotheby’s own collection, allowing guests to purchase bottles they enjoy during their meal.