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sothebys leonard lauder contemporary by the numbers

Sotheby's held a marathon evening sale in New York on Tuesday night, achieving $706 million in total sales—the highest single-evening total in the auction house's history. The standout was the collection of Leonard A. Lauder, which alone brought $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914-16) that sold for $236.4 million after a 20-minute bidding war. A second sale of contemporary and ultra-contemporary works added $178.5 million, with Jean-Michel Basquiat's *Crowns (Peso Neto)* (1981) topping that session at $48.3 million. Notably, no lots were withdrawn across both sales, and Asian collectors drove bidding on many high-value lots. Maurizio Cattelan's gold toilet *America* (2016) sold for $12.1 million, drawing only one bid.

christies edlis neeson sale 124 million

Christie's 21st-century evening sale in New York on Wednesday night achieved $123.6 million, just below its $126 million high estimate and 16% above last year's sale. The sale featured 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson, which brought in $49.2 million against a $30 million estimate. The top lot was Christopher Wool's "Untitled (RIOT)" (1990), selling for $19.8 million. New auction records were set for Firelei Báez ($1.1 million) and Olga de Amaral ($3.1 million). Only one of 45 lots failed to sell—a Cecily Brown painting estimated at $4–6 million. The sale was characterized by careful use of third-party guarantees and lowered reserves, with art advisor Aileen Agopian noting bidding was "deep and robust" despite a flat atmosphere.

november marquee auction sales midpoint analysis

Christie's and Sotheby's November marquee auctions in New York generated a combined $1.4 billion, with Sotheby's achieving a record $706 million from a double-header sale. The highlight was Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), sold for $236.4 million from the collection of late cosmetics heir Leonard Lauder, becoming the most expensive modern artwork ever sold at auction. Christie's Monday sale brought in $690 million, falling short of its $731.5 million high estimate but still marking a 42% increase over its equivalent sale last November.

jeff koons gagosian porcelain series review

Jeff Koons's latest exhibition at Gagosian Gallery in New York features his new series of large-scale porcelain and stainless-steel sculptures, including the centerpiece *Aphrodite* (2016–21), an eight-and-a-half-foot-tall nude. The show marks Koons's first solo presentation in New York in seven years and follows a turbulent period in his career, including record auction sales, a move to Pace Gallery and back to Gagosian, and two lawsuits. Critic Christopher Garcia Valle panned the works as unstimulating and banal, arguing they fail to awe viewers despite their technical ambition and massive scale.

records fall during 706 million night at sothebys turbocharged by blue chip lauder trove

Sotheby's achieved a record-breaking $706 million auction night at its new global headquarters in the Breuer Building, New York, the highest total in the auction house's 281-year history. The sale was propelled by the collection of late art patron Leonard A. Lauder, whose 24 pieces sold for $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) which fetched $236.4 million, becoming the second-priciest artwork ever sold at auction. A subsequent contemporary and ultra-contemporary art sale added $178.5 million.

shanghai art021 west bund art recap

Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.

marquee art sales fall 2025 christies sothebys phillips

Christie's, Sotheby's, and Phillips are holding their marquee fall 2025 sales in New York next week, with an unusually high volume of inventory. Christie's alone will offer 80 works on Monday night, and across the week 27 lots carry estimates above $10 million—a stark contrast to the tepid May sales. The season is top-heavy, with the $2 million–$5 million range considered the trickiest. Notable consignments include the estate of Leonard Lauder and the collection of Stefan Edlis and Gael Neeson, while many discretionary sellers remain absent. Day sales feature works with significant price drops, such as a Steve Parrino painting last sold for nearly $1 million now estimated at $300,000–$500,000, and an Avery Singer work that sold for $3 million in 2022 now estimated at $600,000–$800,000. Several pandemic-era speculative purchases are also returning to market at steep discounts.

sothebys newly relocated to the breuer building reintroduces itself to new york

Sotheby's has relocated its New York headquarters to Marcel Breuer's iconic Brutalist building on Madison Avenue, formerly home to the Whitney Museum, the Met Breuer, and a Frick Collection outpost. After a renovation by Herzog & de Meuron that restored original gallery proportions and upgraded infrastructure, the auction house is inaugurating the space with a series of exhibitions featuring three major single-owner collections—Leonard A. Lauder, Cindy and Jay Pritzker, and Exquisite Corpus—estimated at over a billion dollars. Highlights include Gustav Klimts from the Lauder trove, a Van Gogh still life from the Pritzker collection, a Frida Kahlo painting expected to set a record for a woman artist, and a Basquiat work in the contemporary evening sale.

jennifer lawrence contemporary artist collaboration w magazine art issue

W magazine's current art issue features Academy Award-winning actress Jennifer Lawrence in a three-part collaboration with French filmmaker and artist Philippe Parreno, American painter Elizabeth Peyton, and German photographer Wolfgang Tillmans. Parreno shot a short film starring Lawrence, Tillmans photographed her at his London studio wearing a T-shirt referencing his Centre Pompidou exhibition, and Peyton painted a portrait of the actress in her signature loose, romantic style. The issue has three different covers, each dedicated to one collaborating artist's work.

the 2026 preis der nationalgalerie maurizio cattelan

Maurizio Cattelan has been awarded the 2026 Preis der Nationalgalerie, administered by Berlin’s Nationalgalerie. The prize, given every two years to an influential contemporary artist, includes a solo exhibition at the Neue Nationalgalerie. Cattelan was selected by a jury of international directors including Emma Lavigne, Sam Keller, and Klaus Biesenbach. His exhibition will open in September 2026 during Berlin Art Week, curated by Biesenbach and Lisa Botti. Cattelan previously co-curated the 4th Berlin Biennale in 2006.

qatar launches quadriennial 2026

Qatar has announced the launch of a new quadrennial art event called Rubaiya Qatar, set to debut in November 2026. The inaugural edition will feature a curated exhibition titled “Unruly Waters,” organized by Tom Eccles, Ruba Katrib, Mark Rappolt, and Shabbir Husain Mustafa. The event will take place across Qatar, centered at the Al Riwaq pavilion near the Museum of Islamic Art. A preview performance by artist Rirkrit Tiravanija, titled "untitled 2025 (no bread no ashes)," was unveiled in Doha, involving communal bread baking with diverse bakers. The quadrennial aims to reflect Qatar's cultural diversity and its historical connections to maritime trade routes.

artists withdraw relational aesthetics exhibition maxxi rome

Seven artists—Tania Bruguera, Dora Garcia, Phil Collins, Siniša Mitrović, Alessandra Saviotti, and Gemma Medina—have withdrawn their work from the exhibition “1+1: The Relational Years” at MAXXI in Rome, scheduled to open this week. In an open letter published by Nero Editions, they accuse the museum of having “links to genocide in Palestine” through its acceptance of funding from and collaborations with Italian companies Eni and Leonardo s.p.a., which have ties to Israel's military and energy sectors. The exhibition, curated by Nicolas Bourriaud, surveys relational aesthetics and also includes works by Vanessa Beecroft, Maurizio Cattelan, Felix Gonzalez-Torres, Pierre Huyghe, and Rirkrit Tiravanija. Five anti-Zionist activist groups have added their own statement supporting the boycott.

gen z art collecting continuum 2025

The Art Basel & UBS Survey of Global Collecting 2025 reveals that Gen Z collectors are reshaping the art market by treating art, sneakers, digital assets, and luxury goods as a single continuum of collectibles. Gen Z allocates 26% of their total wealth to art and collectibles—the highest of any generation—and spends 56% of that on non-traditional items like limited-edition sneakers, handbags, and digital artworks. Digital art ownership has rebounded sharply, with 23% of collectors planning to buy digital works, up from 19% in 2024, and Gen Z shows the strongest appetite for sculpture.

art basel paris vip preview sales report

Art Basel Paris opened its VIP preview on Wednesday, following a new invite-only preview called Avant Première on Tuesday. Major galleries reported strong sales, including Hauser & Wirth's $23 million Gerhard Richter abstract, the highest reported sale at the fair. Other notable sales included Julie Mehretu's $11.5 million painting at White Cube, a $4.7 million Bruce Nauman neon at Hauser & Wirth, and a $2.5 million Marlene Dumas painting at David Zwirner. Dealers noted that the staggered two-day opening helped spread out crowds and allowed collectors to return for the official VIP day, with many describing the fair as the most successful edition in Paris to date.

art basel paris avant premiere vip sales report

Art Basel Paris launched a new ultra-exclusive invitation-only preview called Avant Première, held one day before the official VIP preview. The four-hour event on Tuesday afternoon saw strong sales, with Thaddaeus Ropac selling works including a 1953 Alberto Burri for €4.2 million and two George Baselitz pieces, while Hauser & Wirth sold Gerhard Richter's 1987 *Abstraktes Bild* for $23 million, the highest reported sale. The fair limited each gallery to six invites with plus-ones, resulting in an estimated 3,000 attendees compared to 6,000 for the regular First Choice preview, creating a more manageable and urgent atmosphere.

david hockneys ipad drawings sell for 8 3 m at sothebys london doubling sales high estimate

A group of 17 iPad drawings by David Hockney, titled 'The Arrival of Spring,' sold for a combined £6.2 million ($8.3 million) at Sotheby’s London on Friday, more than doubling their high estimate. Fifteen of the 17 works achieved record prices for the subject, with the top lot, 'The Arrival of Spring in Woldgate, East Yorkshire in 2011 – 19 February (2011),' selling for £762,000 ($1 million), breaking the artist's print record three times. The sale was a white-glove result, with 40 percent of the drawings going to American collectors and 65 percent bought online.

jeff koons first new york show 2025 gagosian

Jeff Koons will present his first solo show at Gagosian in seven years, titled “Porcelain Series,” opening November 13 at the gallery’s 541 West 24th Street location. The exhibition features new and recent sculptures and paintings that explore beauty and mythology, including mirror-polished stainless steel figurines modeled on 18th- to early-20th-century porcelain and oil paintings incorporating historical engravings. Koons, who left Gagosian in 2021 for Pace and returned in 2025, debuted new work at Frieze New York in May.

v joy simmons collection tour baldwin hills home

V. Joy Simmons, a Los Angeles-based physician and longtime art collector, opened her Baldwin Hills home to ARTnews for a tour of her extensive collection. The house features over 150 objects, including stained-glass windows by Varnette Honeywood and Joyce Dudnick, a site-specific column installation by Lauren Halsey, and works by Elizabeth Catlett, Romare Bearden, Kerry James Marshall, Mark Bradford, Kehinde Wiley, and Carrie Mae Weems, among many others. Simmons began collecting in the 1970s with a $50 lithograph by Catlett and has since built a collection that spans generations of Black artists, often juxtaposing older and younger artists in her displays.

art insurance los angeles wildfires

Ron Rivlin, owner of Revolver Gallery in Los Angeles and a prolific collector of Andy Warhol works, lost his Pacific Palisades home and 340 artworks—including 30 Warhols and pieces by Keith Haring, John Baldessari, Damien Hirst, Alex Katz, and Kenny Scharf—to the January 2025 wildfires that swept through Los Angeles County. The fires, fueled by powerful winds and dry conditions, consumed approximately 60,718 acres and 17,291 structures, killing 30 people. Numerous other artists, collectors, and arts professionals, including Beatriz Cortez, Amir Nikravan, Salomón Huerta, and curator Paul Schimmel, also reported losing homes and artworks.

almaty museum of arts kazakhstan opens

The Almaty Museum of Arts (ALMA) opened on September 12 in Kazakhstan's largest city, becoming the country's first private museum dedicated to modern and contemporary art. Founded by auto and real estate tycoon Nurlan Smagulov, the museum houses his collection of over 700 artworks by Kazakh, Central Asian, and international artists. Led by artistic director Meruyert Kaliyeva and chief curator Inga Lāce, the museum's opening features a retrospective of Almaty-born artist Almagul Menlibayeva and a group show titled "Qonaqtar" that explores Kazakh art history and hospitality.

centre pompidou close renovation

The Centre Pompidou in Paris will close on September 22 for five years of renovation work, leaving the Paris art scene without one of its major institutions. Before closing, visitors have three more days to see the photography exhibition “Wolfgang Tillmans: Nothing could have prepared us – Everything could have prepared us,” which occupies 65,580 square feet in the Bibliothèque Publique d’Information. During the closure, the Pompidou will continue its “Constellation” program, dispersing collection holdings to partner institutions including Centre Pompidou-Metz, West Bund Museum in Shanghai, H’ART Museum in Amsterdam, the Grand Palais, and the future Centre Pompidou Francilien.

agnes gund dead moma art collecting

Agnes Gund, one of the most influential art patrons in the United States, has died at 87. Her collecting and philanthropy transformed the American art world, particularly at the Museum of Modern Art (MoMA), where she served as president from 1991 to 2002 and remained a life trustee. Gund helped fund MoMA's 2004 expansion, designed by Yoshio Taniguchi, and played a key role in bringing MoMA PS1 under the museum's aegis in 1999. She was a longtime donor of over 250 works to MoMA, including pieces by Jasper Johns, Elizabeth Murray, and Julie Mehretu, and appeared on the ARTnews Top 200 Collectors list every year from 1990 to 2018.

christies sale david hockney christopher isherwood

Christie’s will offer David Hockney’s double portrait *Christopher Isherwood and Don Bachardy* (1968) as a marquee lot in its 20th-century evening sale in New York this November. The painting depicts the English writer Christopher Isherwood and his American artist partner Don Bachardy in their Santa Monica home, and is the first of Hockney’s seven double portraits. No estimate has been announced. The work was previously featured in the “David Hockney 25” survey at the Fondation Louis Vuitton in Paris and in a 2017–18 Hockney retrospective that traveled from Tate Britain to the Centre Pompidou and the Metropolitan Museum of Art.

ole faarup collection christies sale doig ofili

Christie’s will host a single-owner sale of the contemporary art collection of Danish businessman Ole Faarup in October, featuring works by Peter Doig, Chris Ofili, Jean-Michel Basquiat, and others. The sale, estimated at up to £22 million, is anchored by two major Doig paintings—Country Rock (1998–99) and Ski Jacket (1994)—and Ofili’s Blossom (1997). Proceeds will fund the newly formed Ole Faarup Art Foundation, which aims to promote Danish art internationally and bring international works to Danish museums.

figurative painting trend boom bust market politics zombie jennifer packer salman toor louis fratino

The article examines the narrative that figurative painting died and made a comeback, arguing instead that it never truly disappeared. It traces the art market's pendulum swing from zombie formalism around 2014 to a surge in figurative painting by 2015, fueled by collectors seeking new, affordable works to flip quickly. The piece highlights emerging painters like Gina Beavers, Mira Dancy, Jamian Juliano-Villani, and Greg Parma Smith, and notes that the boom created auction stars whose prices later crashed, as reported in a 2024 New York Times article.

america 250th anniversary exhibitions

Museums across the United States are preparing exhibitions to mark the 250th anniversary of American independence in 2026. The New York Historical will present "Democracy Matters," opening June 19, 2026, exploring voting, free speech, and land rights through works by Thomas Cole, Mel Chin, and Lady Pink alongside historic documents. The Museum of Fine Arts, Boston will debut "America at 250" on the same date, integrating Native and non-Native art with pieces like Gilbert Stuart's portrait of George Washington and a critique by Mohawk artist Alan Michelson. The National Portrait Gallery had planned "Amy Sherald: American Sublime" for September 2025, but Sherald canceled the show over censorship concerns in July 2025. The Philadelphia Museum of Art will host "A Nation of Artists" from April 2026 through September 2027, featuring Frederic Edwin Church's "Pichincha."

rauschenberg centenary shows

The Robert Rauschenberg Foundation is launching a global centenary celebration for the artist's 100th birthday, spanning 2025–2026. The program includes major exhibitions at seven institutions across five countries, such as "Five Friends" at Museum Brandhorst in Munich and Museum Ludwig in Cologne, photography shows at the Museum of the City of New York and Fundación Juan March in Madrid, and an exhibition at M+ in Hong Kong focusing on Rauschenberg's ROCI program. The foundation is also initiating grant-making initiatives to highlight Rauschenberg's legacy in art, technology, environmentalism, and social justice.

black arts institutions funding nea cuts

The National Endowment for the Arts (NEA) has announced funding cuts to arts organizations across the U.S. as part of broader government spending reductions under the Trump administration. These cuts disproportionately affect Black-led art institutions, including the Museum of Contemporary African Diasporan Art (MoCADA), Museum Hue, and the Billie Holiday Theatre, which rely heavily on federal grants for programming and operations. While some organizations received final payments or avoided returning funds, they face an uncertain future as critical funding streams are terminated or made ineligible for renewal.

art dealer provocative solution poaching problem

Art dealer Wendi Norris of San Francisco has introduced buyout clauses in contracts with her artists, borrowing a strategy from professional sports. If an artist leaves for a mega-gallery like Gagosian, Hauser & Wirth, Pace, or David Zwirner, Norris receives financial compensation—such as the right to purchase works at her original prices for potential resale. This practice aims to address the widespread problem of poaching, where larger galleries lure rising artists away from the smaller dealers who nurtured their careers, often causing financial and emotional strain.

8 times david hockney broke rules

David Hockney, the legendary British artist, turns 88 on July 9, and Artnet News reflects on his seven-decade career of rule-breaking. The article highlights eight key moments of defiance, including his openness about his homosexuality before decriminalization in the U.K., his public smoking habit that led to a Paris Metro ad being pulled, and his controversial "Hockney-Falco thesis" arguing that Old Masters used optical tools like the camera lucida. Hockney currently ranks third on the Artnet Intelligence Report for best-selling and most bankable postwar artists, and his largest-ever exhibition is on view at the Fondation Louis Vuitton in Paris.