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Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

Christie’s Kiran Nadar Exhibition Is the Latest Indicator of the South Asian Art Market’s Growing Importance

Christie’s London will host “The Meeting Ground,” a non-selling exhibition of works from the Kiran Nadar Museum of Art (KNMA) in New Delhi, from July 16 to August 21, 2025. The show features Indian modernists such as M.F. Husain, S.H. Raza, K.G. Subramanyan, and F.N. Souza, alongside contemporary South Asian artists, Indigenous art practitioners, and diaspora artists. Admission is free. The exhibition follows a series of record-breaking auction sales for South Asian art, including Husain’s *Untitled (Gram Yatra)* (1954) sold at Christie’s New York for $13.8 million in March 2025 and Raja Ravi Varma’s *Yashoda and Krishna* (ca. 1890s) sold at Saffronart for $17.9 million.

What am I bid for a blown-up van? The bizarre art auction aiming to build an eco power station in Reform-held Clacton

Artists Hilary Powell and Dan Edelstyn are auctioning off their work from the past 15 years this Saturday to raise at least £250,000 for a community-led renewable power station in Clacton, the constituency of Reform UK leader Nigel Farage. The auction, which will be conducted by former YBA Gavin Turk, includes a gold Ford Transit van wreckage containing fake banknotes that the pair blew up in 2019 as part of their film *Bank Job*, now reconstituted as a mobile sculpture. An online auction runs until 31 May, but currently only £750 has been raised.

Chanel gives Centre Pompidou financial boost with new five-year partnership

Chanel has announced a new five-year partnership with the Centre Pompidou in Paris, providing a confidential financial boost to the institution during its closure for major renovations until 2030. The partnership builds on previous collaborations, including the 2023 Assemble program and a 2025 initiative to expand the museum's collection of Chinese contemporary artists by over 30% by 2028, with works already acquired from artists like Chen Wei and Cui Jie.

Chanel Renews Financial Support of Centre Pompidou During Long-Term Renovation

Chanel has renewed its financial partnership with Paris's Centre Pompidou, extending their collaboration through another five-year agreement. The luxury fashion house will continue supporting the museum's operations, acquisitions, and exhibitions, despite the Pompidou being closed until 2030 for a major renovation costing over $500 million. Chanel previously sponsored the museum's acquisition of 21 artworks by 15 contemporary Chinese artists in 2024 and supported the related exhibition “目 China: A New Generation of Artists.” The renewed investment aims to bolster access, scholarship, and preservation of public knowledge.

India's Kiran Nadar Museum to take over Christie's London headquarters this summer

The Kiran Nadar Museum of Art (KNMA) in New Delhi will take over Christie’s London headquarters this summer for a month-long non-selling exhibition titled "The Meeting Ground: Scenes from the KNMA Collection" (16 July-21 August). The show will feature 180 works by 60 Indian, Pakistani, and Bangladeshi artists from the 1950s to the present, drawn from billionaire collector Kiran Nadar’s vast collection of South Asian Modern art. The exhibition anticipates the delayed relocation of KNMA to a new 100,000 sq. m building near Delhi airport, designed by David Adjaye and now about 60% complete, with former Louvre Abu Dhabi director Manuel Rabaté appointed to run the museum.

Chanel Expands Support for Centre Pompidou Amid $535 Million Renovation

Chanel has announced a new five-year partnership with the Centre Pompidou in Paris, expanding its support for the museum during its landmark €460 million ($535 million) renovation. The fashion house, which has backed the Pompidou since 2019, will help preserve access to modern and contemporary art while the museum is closed to the public until its scheduled reopening in 2030. This follows a separate three-year deal in 2025 to grow the museum's collection of contemporary Chinese art by 30 percent, with a focus on women artists, and a 2024 acquisition of 21 works by 15 Chinese artists tied to an exhibition co-organized with Shanghai's West Bund Museum.

Whitney Gala Honors Julie Mehretu, Benefactor of Museum’s ‘Free Under 25’ Initiative

The Whitney Museum of American Art hosted its annual gala, honoring artist Julie Mehretu, board chair Fern Kaye Tessler, and former director Adam D. Weinberg. Mehretu, who donated $2.25 million in 2024 to fund the museum's 'Free Under 25' initiative, delivered a speech emphasizing that free admission for young people is a statement of values, not a privilege. The gala raised $6.3 million, with attendees including artists Rashid Johnson, Glenn Ligon, Anicka Yi, and Fred Wilson, as well as collector Beth Rudin DeWoody.

How Did Phillips Pull Off a $115.2 Million ‘White Glove’ Sale? Here’s What the Numbers Say

Phillips achieved a $115.2 million 'white glove' evening sale in New York on Tuesday night, with 41 of 43 lots sold and a 100% sell-through rate after withdrawals. The auction more than doubled last year's $52 million total, led by Andy Warhol's *Sixteen Jackies* (1964) at $16.2 million. Only three records were set—for P.S. Krøyer, Pat Passlof, and Joseph Yaeger—but the sale's success was driven by third-party guarantees on 21 lots and newly launched priority bids.

New Richard Avedon documentary chronicles how he shaped the evolution of photography

Imagine Documentaries, the nonfiction arm of Ron Howard and Brian Grazer's Imagine Entertainment, premiered a new documentary about photographer Richard Avedon at the Cannes Film Festival on May 17. The film, co-produced by the Richard Avedon Foundation, draws heavily from archival interviews conducted by Helen Whitney for the PBS series *American Masters*, supplemented by new interviews with Avedon's son John, muse Lauren Hutton, Isabella Rossellini, Twyla Tharp, and former *New Yorker* colleagues Tina Brown and John Lahr. The documentary explores Avedon's career, his technique of building rapport with subjects, and his iconic images such as *Dovima with Elephants*, which dealer Larry Gagosian notes sold for $2 million.

Sotheby’s Pulls In $303.9 M. in a Solid but Subdued Modern Evening Sale Led by $48 M. Matisse

Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.

Phillips Posts $115.2 Million ‘White Glove’ Sale, Big Gain Over Last Year

Phillips’s evening sale of modern and contemporary art on Tuesday achieved a 'white glove' result, selling all 41 lots for a total of $115.2 million with fees, near the $121.7 million top estimate. The sale marked a 119 percent increase over the same sale last year, driven by strong bidding on works by Salman Toor, Lee Bontecou, P.S. Krøyer, Joseph Yaeger, Helen Frankenthaler, Anna Weyant, and Pat Passlof. Two works were withdrawn before the sale, and about half of the lots had third-party guarantees. Despite some lots hammering below their low estimates, including works by Andy Warhol, Francis Picabia, Henri Matisse, and a Jackson Pollock at the center of a lawsuit, the overall result signals renewed market confidence.

Sotheby’s Hauls In $304 Million at Modern Art Auction, as Market Momentum Continues

Sotheby’s achieved $303.9 million in its modern art auction in New York, led by Henri Matisse’s *La Chaise Lorraine* (circa 1919) at $48.4 million and Pablo Picasso’s *Arlequin (Buste)* at $42.6 million. The sale included an auction record for a painted bottle, René Magritte’s *Femme-bouteille* (1955), which sold for $974,000. The auction featured conservatively priced material from smaller estates, with a 97.6% sell-through rate and a 63% increase over a similar sale last year.

Dubai Plans a Massive New Museum for Digital Art

Dubai has announced plans for a new Museum of Digital Art (MODA), a major institution dedicated to digital and tech-driven art. The museum is part of a $27 billion transformation of Dubai's financial district into a technology hub, and will feature immersive and interactive experiences. No budget or completion date has been set, but Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairperson of Dubai Culture, stated the museum advances the city's commitment to converging creativity and technology. The museum will be designed by Adrian Smith + Gordon Gill Architecture, the firm behind the Burj Khalifa.

Cindy and Howard Rachofsky’s Dallas Home Could Be Yours at a Discount, for $17.5 M.

Cindy and Howard Rachofsky, prominent art collectors and mainstays on the ARTnews Top 200 Collectors list, have reduced the asking price of their Dallas home, the Richard Meier–designed Rachofsky House, from $23 million to $17.5 million. The property, completed in 1996 and located in the affluent Preston Hollow neighborhood, has been on the market since October 2024. The Rachofskys, whose collection includes over 800 works, previously hosted the Two x Two gala in support of AIDS- and art-focused initiatives in Dallas, but stopped hosting the event in 2024.

Christie’s S. I. Newhouse Sale Totals $630.8 M., Bringing Cumulative Total to $1 B.

Christie’s evening auction of 16 works from media magnate S.I. Newhouse’s collection totaled $630.8 million with fees, setting multiple records. The top lot was Jackson Pollock’s *Number 7A, 1948*, which sold for $181.2 million after a 10-minute bidding war, more than doubling Pollock’s previous auction record. Other highlights included Constantin Brâncuși’s *Danaïde* (ca. 1913), which set a new record for the artist at an undisclosed price above $82 million, and strong results for works by Joan Miró, Jasper Johns, and Pablo Picasso.

S.I. Newhouse’s Brâncuși Sells at Christie’s for Record-Breaking $107.6 M.

A Constantin Brâncuși sculpture titled *Danaïde* (1913), formerly owned by media magnate and top art collector S.I. Newhouse, sold at Christie’s on Monday night for a hammer price of $93 million, totaling $107.6 million with fees. This set a new auction record for the modernist sculptor, surpassing the previous record of $71.2 million set by another Brâncuși work in 2018. The bronze head with gold leaf and black patina attracted half a dozen bids before selling to a client represented by Maria Los, deputy chairman of client advisory Americas. The work was one of six bronze casts, the only gilded example still in private hands, and had notable provenance, having been purchased by Eugene and Agnes Meyer at Brâncuși’s first solo exhibition in 1914.

$181.2 Million Pollock, $107.6 Brancusi Million Sell at Christie’s, as Records Fall

Christie's New York auctioned 16 works from the collection of late media magnate S.I. Newhouse for a total of $630.8 million, far exceeding the $450 million estimate. The top lot was Jackson Pollock's "Number 7A" (1948), which sold for $181.2 million, setting a new auction record for the Abstract Expressionist and making him the latest artist to join the $100 million club. Minutes earlier, Constantin Brancusi's bronze sculpture "Danaïde" (1913) achieved $107.6 million, also a record for the Romanian modernist and the second-highest price ever for a sculpture at auction.

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.

‘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.

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.

Venice Biennale Special 2026—podcast

This episode of The Art Newspaper's podcast is a Venice Biennale special, covering the opening week of the 2026 edition. Host Ben Luke, along with Louisa Buck and Jane Morris, reviews the main exhibition "In Minor Keys," curated by the late Koyo Kouoh and realized by five collaborators. The podcast features interviews with artists Gabrielle Goliath, whose work for the South African pavilion was cancelled and is instead staged in a Venice church, and Lubaina Himid, showing in the British pavilion. It also includes conversations with writer Saidiya Hartman and Daniella Kaliada of Belarus Free Theatre about their collateral projects. The episode concludes with a focus on two restored Tintoretto paintings at the Basilica of San Giorgio Maggiore, funded by Save Venice.

Sound-based Holy See pavilion opens at Venice Biennale as Vatican’s contemporary art ambitions grow

The Holy See's pavilion at the Venice Biennale has opened, featuring a sound-based exhibition titled "The Ear is the Eye of the Soul" (9 May–22 November). The show, inspired by the medieval Benedictine nun Saint Hildegard of Bingen, includes commissioned audio works by high-profile artists and musicians such as Brian Eno, FKA Twigs, Patti Smith, Jim Jarmusch, and Precious Okoyomon. The exhibition takes place across two Venetian sites—the Mystical Garden of the Discalced Carmelite and the Santa Maria Ausiliatrice complex—and is co-organized by Hans Ulrich Obrist, artistic director of the Serpentine Gallery, and curator Ben Vickers, in collaboration with Soundwalk Collective.

Lubaina Himid on capturing the 'uneasiness' of Britain for her Venice Biennale pavilion

Lubaina Himid, the Turner Prize-winning artist born in Zanzibar and raised in England, is representing Great Britain at the Venice Biennale with a pavilion that captures the 'uneasiness' of living in Britain. The exhibition features her signature paintings, prints, and cutout figures, alongside a soundscape by Magda Stawarska, designed to evoke ambiguous encounters and the gap between a question and an answer. Himid describes the pavilion as a reflection of Britain's everyday pleasantness undercut by a persistent sense of otherness, drawing on her own experience as an East African brought up by English women.

At the Venice Biennale, Koyo Kouoh’s ‘In Minor Keys’ Looks Deeply at Lush Gardens and a Scarred Earth

Koyo Kouoh's exhibition 'In Minor Keys' at the 2026 Venice Biennale centers on the practices of two deceased artists, Issa Samb and Beverly Buchanan, whose ways of thinking animate the show through dedicated 'Shrines' in the Central Pavilion. The exhibition also draws on Marcel Duchamp's legacy, featuring works by over a dozen contemporary artists including Akinbode Akinbiyi, Guadalupe Rosales, Natalia Lassalle-Morillo, Guadalupe Maravilla, Sofía Gallisá Muriente, and Avi Mograbi, whose installation 'Between a River and a Sea' contrasts pre-1948 business directories with a 2023 Gaza Yellow Pages. A section called 'The Schools' highlights artist-run spaces such as Denniston Hill, Guest Artists Space (G.A.S.) Foundation, blaxTARLINES, and the Nairobi Contemporary Art Institute.