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.
Dorothy Vogel, who with her husband Herbert built one of the most celebrated art collections of the 20th century while working as a librarian and a postal clerk, died on November 10 at age 90. The couple amassed thousands of Minimalist and conceptual works by artists such as Donald Judd, Roy Lichtenstein, and Sol LeWitt, housing them in their rent-controlled Manhattan apartment. They never sold any artwork and ultimately donated their entire collection to the National Gallery of Art in Washington, D.C.
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.
On Thursday night, Sotheby’s held a three-part sale of Impressionist, Modern, and Surrealist art at the Breuer Building in New York, generating $304.6 million against a cumulative estimate of $218.8 million to $301.2 million. The smallest sale, 13 lots from the collection of Cindy and Jay Pritzker, achieved a “white glove” result with $109.5 million, led by Vincent van Gogh’s *Romans Parisiens (Les Livres jaunes)* (1887) which sold for $62.7 million. The Surrealist offering, “Exquisite Corpus,” from the collection of Nesuhi and Selma Ertegun, featured Frida Kahlo’s *El sueño (La cama)* (1940) which set a record for the artist at $54.7 million, becoming the most expensive work by a woman artist at auction (nominal price).
The Louvre's blockbuster exhibition "Louvre Couture," which drew over one million visitors in Paris, has opened at the Museum of Fine Arts, Houston (MFAH). The show pairs high-fashion garments and accessories—from Yves Saint Laurent to Jacquemus—with artworks and decorative objects, illustrating how designers draw from art history. The Houston edition features 36 objects from 23 designers, including pieces by Jean Paul Gaultier, Iris van Herpen, Schiaparelli, and a John Galliano-designed Dior gown, displayed across two buildings and over a dozen galleries.
At Sotheby’s Modern evening auction, René Magritte’s 1942 painting *Le Jockey perdu*—which the artist considered a turning point in his career—sold for over $12.3 million, exceeding its high estimate. The work was part of a group of ten consignments from the estate of shopping mall magnate Matthew Bucksbaum and his wife Carolyn “Kay” Bucksbaum, influential collectors and philanthropists who met on a blind date in 1952. Alongside works by Salvador Dalí, Jean Dubuffet, Paul Klee, and Joan Miró, the evening sale netted more than $25 million, with remaining pieces appearing in subsequent day sales.
The childhood home of legendary singer and activist Nina Simone in Tryon, North Carolina, has been fully restored after nine years of effort by an artist coalition led by Adam Pendleton, alongside Julie Mehretu, Rashid Johnson, and Ellen Gallagher. The restoration, completed with a $6 million boost from a charity auction and gala co-hosted by tennis star Venus Williams and Pace Gallery, preserved the 650-square-foot clapboard house to its 1933–1937 condition, including historically accurate materials, an ADA ramp, geothermal climate control, and a century-old magnolia tree named “Sweetie Mae.” The African American Cultural Heritage Action Fund announced the completion, and the property remains closed to the public while community programming and ethical cultural tourism are being planned.
Phillips’s Modern and Contemporary art evening sale in New York on Wednesday achieved $67.3 million, a 24.4% increase over last year’s total but far below the $154.6 million record set in 2023. The 33-lot sale landed at the top end of its pre-sale estimate, with Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967) selling for $16 million as the top lot. Notably, the auction included dinosaur bones for the first time—a juvenile triceratops skeleton nicknamed Cera—which proved a lucrative draw, while a painting by rising British artist Jadé Fadojutimi and a gold nugget called “The Thunderbolt” both failed to sell. Only one new artist record was set, for Firelei Báez at $645,000.
Christie’s fall auction season in New York opened with a robust evening sale of 20th-century art on Monday night at Rockefeller Center, achieving a total of $690 million after fees. The sale featured an 18-lot offering from the private collection of Robert and Patricia Weis, followed by the main 20th-century auction. The top lot was Mark Rothko’s *No. 31 (Yellow Stripe)* (1958), which sold for $62 million, while Claude Monet’s *Nymphéas* (1907) brought $45.5 million. The sale had a 95 percent sell-through rate, with 55 of 80 lots guaranteed, and strong in-person bidding provided a boost of market confidence after months of art fair cancellations and gallery closures.
The Phillips Collection in Washington, D.C., is proceeding with plans to auction major works by Georgia O'Keeffe, Arthur Dove, and Georges Seurat at Sotheby's on November 20, despite sharp backlash from former curators, members of the Phillips family, and the museum's non-governing members body. The works—including O'Keeffe's *Large Dark Red Leaves on White* (estimate $6–8 million), Seurat's conté crayon drawing ($3–5 million), and Dove's *Rose and Locust Stump* ($1.2–1.8 million)—are considered central to founder Duncan Phillips's vision. Director and CEO Jonathan Binstock argues the proceeds will fund a permanently restricted endowment for commissioning new work by living artists, acquisitions, and collection care, aligning with Duncan Phillips's belief in supporting contemporary practitioners.
An Amoako Boafo painting, *Red Dress* (2017), has been consigned to Phillips’s upcoming modern and contemporary art day sale by actor and ARTnews Top 200 collector Jesse Williams. The work, estimated at $150,000 to $200,000, depicts Thelma Golden, director of the newly reopened Studio Museum in Harlem. It was previously featured in Boafo’s 2022 solo exhibition “Soul of Black Folks” at the Contemporary Arts Museum Houston. This marks another instance of a work from Williams’s collection appearing at Phillips, following a Noah Davis painting consigned by his ex-wife in 2024.
The Museum of Modern Art (MoMA) has opened a major retrospective of Afro-Cuban Surrealist painter Wifredo Lam, featuring over 200 works. The exhibition highlights Lam's masterpiece *Grande Composition* (1949), a 14-foot-wide painting recently acquired by MoMA after years of negotiation with a Paris collector. Curated by MoMA's new director Christophe Cherix and Beverly Adams, the show reexamines Lam's career, emphasizing his Afro-Cuban heritage and his use of hybrid figures like the femme-cheval, which reference Lucumí spiritual traditions.
The Wadsworth Atheneum Museum of Art in Hartford, Connecticut, has appointed Allison Blais as its new president and CEO, effective January 2026. Blais, currently executive vice president and chief strategy and operations officer at New York’s 9/11 Memorial & Museum, will succeed Jeffrey N. Brown, who held the role for five years. The announcement was made by board chair Duffield Ashmead IV MD, who praised Blais's experience with large-scale capital projects and stakeholder engagement. Blais, a Connecticut native, expressed her long familiarity with the Wadsworth and her enthusiasm for working with museum director Matthew Hargraves.
Artist George Condo has left Hauser & Wirth and will now be jointly represented by Sprüth Magers and Skarstedt, marking a return to galleries with which he had long-standing relationships. Condo first showed with Monika Sprüth in 1984 and was represented by Skarstedt from 2004 to 2019 before joining Hauser & Wirth in late 2019. Separately, a new BBC documentary titled *Turner: The Secret Sketchbooks* explores whether J. M. W. Turner's creative genius was shaped by childhood trauma and neurodivergence, featuring commentary from artists, actors, and a psychotherapist. The article also reports that Dana Awartani will represent Saudi Arabia at the 2026 Venice Biennale, and that the Trump administration has tightened H-1B visa rules, making it harder for arts institutions to hire foreign specialists.
Sotheby’s Paris raised €18.6 million ($21.5 million) from two live sales of the Manny Davidson collection this week, with a third online sale still ongoing. The collection, spanning nearly 500 lots, included rediscovered Old Masters, 18th-century gold enamel, and an automaton clock by James Cox. Highlights included Michael Sweerts’s *A young man wearing a turban holding an upturned roemer: the fingernail test* (1648–52), which sold for €1.6 million, and Joshua Reynolds’s *Self-Portrait, in doctoral robes* (ca. 1770), which fetched €838,200. The evening sale achieved 83% sell-through by lot, with most buyers from Europe and a third from the US.
Matthew Day Jackson, a multidisciplinary artist represented by Pace Gallery, has created 10 original artworks for a 23-piece luxury skiwear collection from Aztech Mountain, a ski brand based in Aspen, Colorado. Titled "Planet Aspen," the line includes ski jackets, pants, and innerwear adorned with Jackson's designs, with prices ranging from $101 to $1,850. Jackson, described as a passionate skier and adventurer, collaborated with Aztech Mountain on its first artist partnership, drawing inspiration from the quiet absurdity and fleeting joy of skiing.
Timothy Martin, a climate activist with the group Declare Emergency, was sentenced to 18 months in prison for smearing paint on a glass vitrine protecting Edgar Degas's sculpture *Little Dancer, Age Fourteen* at the National Gallery of Art in Washington, D.C., in April 2023. He was found guilty of conspiracy and injury to government property, and must also pay $4,062 in restitution, perform 150 hours of community service, and is barred from entering Washington, D.C. and its museums. His co-activist, Johanna Smith, had previously pleaded guilty and served a 60-day sentence.
Talladega College, a historically Black college in Alabama, has partnered with the Toledo Museum of Art, Art Bridges, and the Terra Foundation for American Art to share six monumental murals by artist Hale A. Woodruff. Painted between 1939 and 1942, the murals depict key moments in African American history, including the Amistad uprising and the Underground Railroad. Under the agreement, the Toledo Museum of Art acquired *The Underground Railroad* (1942), while Art Bridges and the Terra Foundation jointly acquired the three Amistad murals; the remaining two murals stay at the college. All six works will be periodically reunited on campus, ensuring their continued connection to the institution that commissioned them.
ARTnews has added 20 new collectors to its prestigious Top 200 Collectors list for 2025, reflecting the expanding global reach of serious art collecting. The new cohort includes figures from Latin America, the Gulf region, Southeast Asia, and the United States, such as Catherine Petitgas, Ariel Marcelo Aisiks, Sara Alireza, Faisal Tamer, Basma Al Sulaiman, Sheikh Hamad bin Abdullah Al Thani, Purat “Chang” Osathanugrah, Belinda Tanoto, Andreas Teoh, artist Rashid Johnson, Solomon R. Guggenheim Foundation president Wendy Fisher, Napster cofounder Sean Parker, Fanatics founder Michael Rubin, and Oscar L. Tang and Agnes Hus-Tang, who donated $125 million to the Metropolitan Museum of Art. Several new additions are second-generation collectors, and many have built private spaces to show their collections, such as Alexander Petalas’s Perimeter in London, Osathanugrah’s upcoming Dib Bangkok, and Basma Al Sulaiman’s virtual museum BASMOCA.
Altman Siegel, a key gallery in San Francisco's art scene, will close in November 2025 after 16 years. Founder Claudia Altman-Siegel attributed the closure to a challenging market for mid-size galleries, stating it became too difficult to scale in the current climate. The gallery's final show is a solo exhibition by Shinpei Kusanagi, ending November 22. Its roster included artists such as Simon Denny, Lynn Hershman Leeson, Trevor Paglen, and others. The closure follows a trend of galleries shutting down or scaling back, including Blum and LA Louver in Los Angeles, and Clearing and Venus Over Manhattan in New York.
The Biennale of Sydney has announced the full artist list for its 2026 edition, titled 'Rememory,' which opens on March 14, 2026. The exhibition is curated by Hoor Al Qasimi, president and director of the Sharjah Art Foundation, marking her second major biennial after the Aichi Triennale. The show will feature over 60 artists and collectives, with a heightened focus on Indigenous art through a partnership with the Fondation Cartier pour l’art contemporain, facilitating 15 commissions by First Nations artists. Notable participants include Emily Jacir, Tuan Andrew Nguyen, and many others from diverse global backgrounds.
Artist and children's book illustrator Oliver Jeffers held a dip performance two days before the opening of his solo show at Praise Shadows gallery in Boston, where he destroyed a portrait of Japanese artist and cancer survivor Yuri Shimojo by submerging it in enamel paint. The invite-only audience watched in silence as the image disappeared, a ritual Jeffers describes as both a death and a birth, exploring themes of memory, loss, and hidden variables. His exhibition also features his "Disaster Paintings," which treat serious subjects like climate change and violence with absurdist humor.
The Manhattan duplex of the late sculptor Joel Shapiro and his wife, painter Ellen Phelan, has been listed for $4.75 million. Located in a 1907 Lenox Hill building on East 67th Street, the home was purchased in the early 2000s and renovated with beveled glass doors, brass hardware, and a sculptural staircase. The listing is held by Eileen Angelo and Max Collins of Sotheby’s International Realty. The couple also owned a lakeside estate in Westport, New York, called Kenjockety, which is also on the market, reduced from $5.49 million to $4.8 million.
Canal Projects, a nonprofit art space in New York's Tribeca neighborhood, announced it will close its physical location on May 23, 2026, after just four years of operation. The organization will pivot to a grant-making model, allocating $3 million over three years to support arts projects, including Ayoung Kim's upcoming exhibition at MoMA PS1. The decision was driven by the high costs of maintaining an outdated building and a desire to redirect resources toward direct financial support for artists. The space, launched in 2022 by the YS Kim Foundation, hosted notable shows by artists such as Karimah Ashadu, Sin Wai Kin, Candice Lin, Geumhyung Jeong, and Seung-taek Lee. Artistic director and curator Summer Guthery departed at the end of March 2025. The final exhibition will feature Jakkai Siributr, opening January 30, 2026.
This tribute article recounts the profound impact of artist Dara Birnbaum's work on the author, describing a chance meeting with Birnbaum at MoMA's café and the subsequent friendship that developed. It highlights Birnbaum's pioneering role in video art, including her manipulation of single video frames and use of color bars, and cites key works like "Technology/Transformation: Wonder Woman" (1978–79), "Local TV News Analysis" (1980), and "MTV: Artbreak" (1987) that deconstructed mass media and gender representation.
British painter William Monk is presenting a new series of paintings at Pace Gallery's solo booth at Frieze London 2025. The works, created during a residency at the Neuendorf House in Mallorca, feature obsessive cactus forms and a sentinel figure evolving from his earlier Ferryman series. Monk's studio visit reveals his meticulous process of controlling every detail, with paintings that recall Seurat and Bonnard in their dense, rhythmic brushwork.
Sotheby's will sell ten works from the Matthew and Carolyn Bucksbaum collection in its fall auctions, with six pieces by René Magritte, Jean Dubuffet, Salvador Dalí, Joan Miró, and Paul Klee featured in the Modern Evening auction on November 20. The group of six works carries a total estimate of $18 million to $24 million, led by Magritte's *Le Jockey perdu* (1942) at $9–12 million and Dubuffet's *Restaurant Rougeot II* (1961) at $6–8 million. Sotheby's executives Julian Dawes and Grégoire Billault emphasized the rarity and importance of these works, noting that the Magritte is the only oil version of its subject and the Dubuffet is one of just three paintings of the iconic Paris restaurant.
Christie’s will sell over 70 works from the collection of Arnold and Joan Saltzman during its fall marquee sales in November, with a group estimate exceeding $70 million. The modern art collection includes pieces by Pablo Picasso, Fernand Léger, Edvard Munch, František Kupka, Robert Delaunay, Henri Matisse, and Henry Moore. The top lot is Léger’s 1914 painting *Composition (Nature Morte)*, estimated around $20 million, from his celebrated 'Contraste de formes' series. Other highlights include Henry Moore’s bronze sculpture *Reclining Woman: Elbow* (1981), estimated at $9–12 million, and Henri Matisse’s *Femme au chapeau fleuri* (1923), estimated around $10 million. The collection, built over 60 years, will be featured in Christie’s 20th century evening sale on November 17 and day sales on November 18.
Hauser & Wirth's UK subsidiary reported an 87% decline in pretax profit for 2024, falling to $1.6 million from $12.5 million the previous year, as revenue dropped by more than half to $91.4 million. The gallery attributed the downturn to a sharp fall in secondary-market sales, which can fluctuate significantly based on a few high-value transactions. The UK entity represents only a small portion of the gallery's global business, which the founders said remained aligned with the prior year's successful performance. Separately, the gallery's hospitality arm, Artfarm Group, posted a wider pretax loss of $24 million despite a 16% rise in turnover.
The Musée d'Orsay in Paris staged a mock trial of Édouard Manet and his model Victorine Meurent for his 1863 painting *Déjeuner sur l'herbe*, which caused scandal at the Salon des Refusés for its nude female figure. The event, part of the museum's Orsay Live program for 18-to-25-year-olds, featured real lawyers, a sitting judge, and students from the Fédération française de Débat et d'Éloquence, with speeches reviewed by Manet specialist Isolde Pludermacher. The trial aimed to explore historical debates about morality, indecency, and artistic freedom in a courtroom format.