Gustav Klimt's final portrait, 'Dame mit Fächer (Lady With a Fan),' sold for £85.3 million ($108.4 million) at Sotheby's London, setting a new record for the most expensive work of art ever auctioned in Europe. The painting, which was still on Klimt's easel when he died in 1918, surpassed its pre-sale estimate of over £65 million after a ten-minute bidding war.
Artemisia Gentileschi's 17th-century painting 'Lucretia' sold for €1.88 million ($2 million) at Dorotheum's Old Master sale in Vienna, more than double its high estimate. The work, previously unseen in public, was acquired by an Australian collection, continuing a trend of strong auction results for the Baroque artist.
Newly released documents from the Department of Justice reveal that the late financier and convicted sex offender Jeffrey Epstein was deeply involved in facilitating major art transactions between mega-collector Leon Black and Gagosian gallery. The files detail Epstein's personal communications with Black's lawyers regarding the acquisition of Pablo Picasso's 1931 sculpture *Buste de Femme (Marie-Thérèse)*, a work that was the subject of a legal dispute before Black acquired it for over $115 million. Epstein also assisted in a complex $48 million swap of a Rothko painting for a Picasso through Gagosian in 2012.
A 51-page document released as part of the Jeffrey Epstein files appears to catalog the extensive private art collection of billionaire collector and former MoMA board chair Leon Black. The document, which lists works by masters from Michelangelo to Picasso under corporate entities linked to Black, reveals valuations and details of a collection largely kept from public view, including works held as promised gifts to major museums like MoMA and the Metropolitan Museum of Art.
Artnet News lists 10 immersive installation artworks that are creepy enough to double as haunted houses for Halloween. Featured works include Alex Da Corte's "Die Hexe" (2015) at Luxembourg & Dayan, which transformed a townhouse into a ghostly dollhouse with a morgue; Mike Kelley's "Exploded Fortress of Solitude" (2011) at Hauser & Wirth, a sculptural interpretation of Superman's lair; Jonah Freeman and Justin Lowe's "Scenario in the Shade" at Red Bull Studios, a dystopian arts festival installation; Tobias Rehberger's "Bar Oppenheimer" (2013) at Hotel Americano, featuring disorienting dazzle camouflage patterns; and Puppies Puppies' "Gollum" at Queer Thoughts, where an actor in a Gollum mask performs live.
Lower Manhattan is getting a new nonprofit art space called Times (styled in lowercase), founded by Summer Guthery and Francesca Sonara. Located on the fourth floor of 151 Lafayette Street above the Museum of Chinese in America, the 3,000-square-foot venue will operate for only three years. Its inaugural exhibition, featuring Danish artist Nina Beier, opens February 21 with a display of melting Cornetto ice cream cones. The space will officially open February 12 with a performance by Latvian choreographer Jana Jacuka. Guthery, previously founding artistic director of Canal Projects, and Sonara, former director of communications at Minnesota Street Project, met as graduate students at Bard College's Center for Curatorial Studies.
Nicolas Party's exhibition "Dead Fish" at Karma gallery in Chelsea, New York, features approximately 40 postcard-sized oil-on-copper works and a mural of three dead fish, a departure from his usual large-scale pastel paintings. Only 10 of the works were for sale, priced between $165,000 and $205,000, and all sold quickly. The show includes replicas of his earlier compositions, described as a "retrospective in miniature," with many pieces drawn from his archive and not available for purchase.
A previously unknown Renaissance portrait attributed to Hans Baldung Grien, executed in silverpoint in 1517 and depicting Susanna Pfeffinger, is expected to sell for up to $3.5 million at a Paris auction on March 23. The drawing, which measures just four by six inches, has remained in the Pfeffinger family for 500 years and was only recently discovered by Old Master drawings expert Patrick de Bayser. It is being offered by French auction house Beaussant Lefèvre and Associés and Paris gallery Cabinet de Bayser at Hôtel Drouot.
Artnet News examines the top five auction results for Jean-Michel Basquiat, whose meteoric rise and tragic death at age 27 fueled a legendary market. The list includes works such as "Versus Medici" (1982), which sold for $50.82 million at Sotheby's in 2021; "El Gran Espectaculo (The Nile)" (1983), which fetched $67.1 million at Christie's in 2023; and "Untitled" (1982), which reached $85 million at Phillips in 2022. The article highlights the artist's synthesis of graffiti and Renaissance aesthetics, his relationships with figures like Andy Warhol, and the explosive growth of his market over the past decade.
Artnet News has published a preview of five essential Old Masters exhibitions scheduled for 2026, spanning museums from Amsterdam to New York. The shows include a blockbuster presentation of Ovid's *Metamorphoses* at the Rijksmuseum and Galleria Borghese, a monographic survey of Swedish sculptor Johan Tobias Sergel at the Nationalmuseum in Stockholm and the Morgan Library & Museum in New York, and other exhibitions that connect classical art with contemporary appeal. The article highlights how these exhibitions spotlight both household names like Raphael and lesser-known figures, while also exploring themes from Ovid's myths to tarot imagery.
A rare 17th-century still life by Dutch Golden Age painter Maria van Oosterwijck sold for €406,400 ($477,000) at Christie’s Paris, nearly three times its high estimate, during the auction of the Stern family collection. The painting, titled *A bunch of fruit, berries and flowers hanging in a niche*, achieved the second highest auction price ever for the artist, who is believed to have produced only about 30 works in her lifetime.
Christie's and Sotheby's have released their projected 2025 sales results, signaling a potential recovery after three years of market contraction. Sotheby's reported total sales of $7 billion, a 17% increase over 2024, with fine art up 15% to $4.3 billion. Christie's posted $6.2 billion, a 6% rise from $5.8 billion in 2024, bolstered by $234 million from its Gooding acquisition. Notable sales include Canaletto's Venice, the Return of the Bucintoro on Ascension Day for £31.9 million at Christie's and a Gustav Klimt painting that sold for $236 million at Sotheby's.
On January 7, 2025, the Palisades and Eaton Fires erupted in Los Angeles, fueled by drought and Santa Ana winds exceeding 90 mph, destroying over 12,000 structures. The fires devastated Pacific Palisades and Altadena, including the homes and studios of numerous artists, collectors, and art professionals. The Getty Center and Getty Villa were under evacuation but remained safe. Artist Paul McCarthy lost three family homes and his son's editing studio, while many others like Christina Quarles, Analia Saban, and Ruby Neri also suffered losses.
Art dealer Jeffrey Deitch shared his impressions of New York's $2.2 billion auction week, praising Sotheby's for its acquisition of the Breuer Building and the intimate atmosphere of its new salesroom. He highlighted the $527 million sale of Leonard A. Lauder's collection, the presence of major figures like Patrick Drahi, Larry Gagosian, and the Mugrabi clan, and lauded auctioneer Ollie Barker's skill. Deitch contrasted the experience with the old days of auction-going, noting the excitement and club-like feeling.
Southern Guild, the prominent Cape Town gallery co-founded by Trevyn and Julian McGowan, is opening a new outpost in a restored 19th-century Tribeca townhouse on Leonard Street in New York. The expansion comes as the gallery closes its Los Angeles space, a move the McGowans describe as instinctive rather than strategic. The new space, with its sixteen-foot ceilings and exposed brick, represents a leap of faith amid a challenging 2025 art market marked by gallery closures and industry retrenchment.
Spanish Surrealist Joan Miró created the "Constellations" series of 23 paintings on paper between January 1940 and September 1941, during the turmoil of the Spanish Civil War and World War II. Fleeing to Normandy and later Palma de Mallorca, Miró used oil and tempera on small sheets, producing joyful, abstract works filled with floating forms reminiscent of music and the cosmos. The series was shipped to New York in 1944 and exhibited in 1945 at Pierre Matisse's gallery, where it captivated exiled European artists and may have influenced Jackson Pollock's all-over drip painting style.
Artnet News re-airs a podcast episode exploring the hidden stories of the Louvre, prompted by a recent daylight heist in which thieves stole eight pieces of royal jewelry from the Paris museum. The episode features Elaine Sciolino, a former Paris bureau chief for the New York Times, who discusses her book *Adventures in the Louvre: How to Fall in Love with the World’s Greatest Museum*, based on unprecedented access to the museum's guards, curators, and hidden rooms.
Artnet Pro has published a roundup of nine artists whose markets it appraised in depth during 2025, including Dorothea Tanning, Gertrude Abercrombie, Emily Kam Kngwarray, Jack Whitten, and Olga de Amaral. The article highlights key market developments for each artist, such as record auction prices, growing international recognition, and shifts in collector interest, drawing on data and expert commentary from dealers, auction-house specialists, and advisors.
The New York Gallery History Project, a partnership between Independent and Contemporary Art Library, has launched the digital archives of Jay Gorney Modern Art, a seminal New York gallery that operated from 1985 to 1998. The archive includes documentation of landmark exhibitions such as Lari Pittman's first New York solo show, Nan Goldin's first prints of "The Ballad of Sexual Dependency" (1985), and shows by Catherine Opie, Barbara Bloom, and others. The project also collects material from other closed galleries like Foxy Production, Off Vendome, and Paradise Garage to preserve art history that might otherwise be lost.
The Chelsea Art Fair returned for its second edition at New York's Chelsea Hotel, with a VIP preview on Saturday and a one-day public run on Sunday. Organized by Platform (now owned by Basic Space), the intimate fair featured just five exhibitors—56 Henry, Lomex, Magenta Plains, Ramiken, and Castle—plus a special presentation by Off Paradise. Collector Beth Rudin DeWoody was the first to arrive, and other VIPs included Mark Ronson, Jamie Cohen Hort, and Whitney Museum curator Dan Nadel. Dealer Ellie Rines reported strong sales, swapping out a work after it sold within 30 minutes, and some 3,000 people registered for the event.
Newly released emails from convicted sex offender Jeffrey Epstein reveal that he discussed a plan by billionaire art collector Leon Black to purchase a Picasso painting from Gagosian gallery for $100 million. In a 2015 email to Melanie Spinella, a representative for Black, Epstein questioned the lack of a written contract for the overseas transfer, calling it 'fishy.' The emails also show Epstein advising Black on broader art purchasing strategies, including assigning agreements to family members, and offering opinions on Artspace, the online art marketplace acquired by Black's publishing house Phaidon.
Italy's largest contemporary art fair, Artissima, opened its 32nd edition in Turin's Oval Lingotto arena with 176 international galleries from 36 countries. The fair is the first major international art event in Italy since the government slashed VAT on art sales from 22% to 5% in July, a move long sought by galleries and dealers. Early sales included works by João Gabriel, Silvia Capuzzo, and Simon Pasieka, and the fair attracted top curators like Hans Ulrich Obrist and Massimiliano Gioni, as well as prominent Italian collecting families. However, some gallerists noted a lack of American collectors, echoing trends seen at Art Basel in Switzerland.
Marian Goodman Gallery has taken on representation of artist Edith Dekyndt, whose multidisciplinary practice spans video, sculpture, installation, and performance, with plans to debut her work at Art Basel Paris in October. In other industry moves, Salon 94 now represents Raven Halfmoon, Timothy Taylor Gallery represents Martha Tuttle, Templon adds Martial Raysse, Acquavella Galleries represents Harumi Klossowska de Rola, and Gagosian has hired Aaron Baldinger as a director. Additionally, Jennie Goldstein has been named the inaugural Kippy Stroud Curator at the Whitney Museum, and Sotheby's will sell a tranche of artworks from the collection of the late Leonard Lauder, including Gustav Klimt's Portrait of Elisabeth Lederer, estimated at over $150 million.
Kadist, a Paris-based nonprofit art organization, announced the closure of its San Francisco gallery after 14 years of operation. The space, which opened in 2011, was known for commissioning and exhibiting works by international artists such as Hank Willis Thomas, Jota Mombaça, and Ad Minoliti. Joseph Del Pesco, Kadist’s Americas director, stated that the closure was not due to funding issues but rather a strategic shift toward international collaborations with museums across the Americas and beyond. The organization will continue to operate its original space in Paris and maintain its collection of over 2,000 artworks.
Former New York governor Andrew Cuomo relaunched his New York mayoral campaign as a third-party candidate on July 14, after losing the Democratic primary to Zohran Mamdani by 12 points on June 24. A recent ARTnews data analysis reveals that prominent art world figures have donated to both campaigns, with Cuomo receiving contributions from Christie's executives, Phillips and Sotheby's staff, Gagosian directors, art dealers, and museum leaders, while Mamdani drew support from foundation directors, museum curators, gallery directors, and numerous artists. The pro-Cuomo super PAC Fix the City received $5 million from billionaire Michael Bloomberg and $250,000 from Top 200 collector Daniel Loeb, while the pro-Mamdani super PAC raised about $1.4 million.
British artist Jenny Saville has received her first major solo exhibition at a London museum, titled "Jenny Saville: The Anatomy of Painting" at the National Portrait Gallery. The show spans three decades of her practice across some 50 paintings and drawings, tracing her evolution from a Young British Artist (YBA) known for vast, sensitive paintings of women's bodies to her recent digital-era heads. The exhibition will travel to the Modern Art Museum of Fort Worth in Texas in October. The article also highlights Saville's record-breaking 2018 sale of *Propped* for $12.4 million at Sotheby's London, which made her the highest-selling living female painter at the time, and notes recent auction results including *Juncture* selling for $7.3 million.
Phillips New York is offering Roy Lichtenstein's 1994 painting *Nudes in Mirror* with a $20 million estimate this fall, despite—or perhaps because of—its history of vandalism. The work, from the Rush Family Collection, was slashed by a mentally unstable woman while on loan to the Kunsthaus Bregenz in Austria in 2005, leaving four 12-inch gashes that have since been expertly restored. Phillips is openly embracing the attack as part of the painting's mythology, detailing the incident in its catalogue and comparing it to other famous acts of art vandalism.
Asian collectors and dealers are increasingly choosing to skip Art Basel's flagship Swiss edition in favor of Art Basel Paris, citing the French capital's more appealing experience. Amid a market contraction, figures like Monique Leong are skipping Basel for the second year, while others such as Kankuro Ueshima, Rosy Wu, and Kazunari Shirai still attend. Notable appearances include K-pop star RM of BTS, who made his first public appearance after military service as Samsung Art TV's global ambassador. The fair saw Asian languages spoken widely, and young first-time collectors brought private guides to maximize their visit.
A new exhibition at Hauser & Wirth's Basel location, timed to Art Basel, reexamines the legacy of Swiss artist Meret Oppenheim, 40 years after her death. The show aims to move beyond her famous 1936 work *Object (Breakfast in Fur)*, presenting the full breadth of her practice across sculpture, painting, readymades, and wearable art. Curated by Josef Helfenstein, the exhibition positions Oppenheim as a multifaceted artist who resisted the labels of Surrealist muse and pop star, highlighting her irreverent, medium-defying approach.
Filippo Lorenzin, an independent curator at London's Victoria and Albert Museum, and artist Marianna Benetti built a miniature art museum for their pet gerbils, Pandoro and Tiramisu, during lockdown. The couple spent four hours constructing the tiny gallery from cardboard, paper, and wood, featuring rodent-themed parodies of famous artworks including Gustav Klimt's *The Kiss*, Johannes Vermeer's *The Girl With the Pearl Earring*, Leonardo da Vinci's *Mona Lisa*, and Edvard Munch's *The Scream*. They filmed the gerbils exploring the space and shared the footage on Reddit, where it quickly went viral.