Rashid Johnson's mixed media work *Untitled Escape Collage* sold for $292,100 at Phillips's Modern and contemporary art day sale in New York on May 14, falling short of its low estimate and representing a 72 percent loss in value for the consignor, who had purchased it for $816,500 at the same auction house in 2022. The disappointing result coincides with Johnson's solo exhibition at the Guggenheim Museum in New York.
Frieze New York kicked off at the Shed in Hudson Yards with a notable sale: Jeff Koons's Incredible Hulk sculpture (Tubas) purchased for around $3 million, signaling a reunion between the artist and Gagosian after his departure to Pace in 2021. Despite a cautious market amid President Trump's tariff uncertainties, dealers reported better-than-expected sales on VIP day, with a focus on affordable works in the $50,000-to-$200,000 range. However, challenges emerged including U.S. Customs delays affecting international shipments and tariff confusion that led some fashion designers to withdraw from the Esther II fair.
Art Paris 2026 : 10 stands pour faire de belles découvertes
The 28th edition of Art Paris has opened at the Grand Palais, marked by a vibrant and optimistic atmosphere. The fair features a diverse array of works ranging from Fabrice Hyber’s monumental inflatable bears at the entrance to a curated selection of contemporary ceramics, textiles, and innovative paintings. A central highlight is the "Reparation" thematic itinerary curated by Alexia Fabre, which connects various artists through the concept of healing and transformation.
The Guardian presents a photo essay capturing the most eccentric and memorable moments from the 61st Venice Biennale, running until 22 November 2026. Photographer David Levene documents installations including a concrete 'Origami Deer' evacuated from war-torn Pokrovsk, Ukraine, by artist Zhanna Kadyrova; a seagull that became a minor celebrity after nesting outside the Polish pavilion; and the Holy See pavilion's immersive sound installation curated by Hans Ulrich Obrist and Ben Vickers. Other highlights include the Egyptian pavilion's touch-and-smell 'Silence Pavilion' and a Polish pavilion film featuring deaf and hearing singers.
Across the U.S., artists and organizations have organized over 600 pop-up events, performances, readings, and other creative protests as part of Fall of Freedom, a new artist-led movement launching November 21–22. Initiated by artist, curator, and writer Accra Shepp and Puerto Rican artist Miguel Luciano, the program aims to activate the culture community against growing authoritarian threats. Events range from a participatory art action by ABC No Rio in Madison Square Park to a video installation by Los Herederos in a New York subway station, a roving digital billboard by NYC Resistance Salon, and a benefit concert at Pioneer Works headlined by Sheryl Crow. Participating venues include 601ArtSpace, Jack Shainman Gallery, Cristin Tierney Gallery, Ronald Feldman Fine Arts, El Museo del Barrio, and the Bronx Museum, though major institutions are notably absent.
British artist Jenny Saville, known for her monumental paintings of the female form, is the subject of a major survey exhibition titled "The Anatomy of Painting" at the National Portrait Gallery in London, which opened in June. The show traces her practice from the 1990s to the present day, featuring portrait heads and figures that push the boundaries of portraiture. Saville, who broke the auction record for a living female artist in 2018 when her self-portrait "Propped" (1992) sold for £9.5m at Sotheby's, discusses her influences—including Lucian Freud, Francis Bacon, and Frank Auerbach—and her ongoing exploration of corporeality and painterliness in an interview with The Art Newspaper.
At a Christie’s auction in New York’s Rockefeller Center, an untitled work (Gram Yatra) by MF Husain sold for over Rs 118.7 crore ($13.8 million), becoming the most expensive modern Indian painting ever sold. The buyer is reportedly collector and philanthropist Kiran Nadar. Other record-tying sales include Amrita Sher-Gil’s The Story Teller and Tyeb Mehta’s Trussed Bull, each fetching Rs 61.8 crore at SaffronArt auctions, while a Jagdish Swaminathan painting exceeded estimates at Sotheby’s. These results come amid a 19% rise in the top 50 Indian artists’ sales to $36.2 million, per the 2024 Hurun India Art List.
Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.
The 61st Venice Biennale is underway, and while it is officially a non-commercial exhibition, market forces are increasingly influential behind the scenes. Artnet News host Margaret Carrigan reports on auction houses actively participating in opening week, and highlights Sotheby’s upcoming single-owner sale in London featuring works from billionaire Joe Lewis’s collection, expected to exceed $200 million. Meanwhile, Whitechapel Gallery has created a new economist-in-residence position to address ongoing financial strain in museums.
The Gelman Collection, featuring 11 essential masterpieces by Frida Kahlo, is at the center of a heated legal and cultural dispute following news of its transfer from Mexico to Spain. Acquired by the Zambrano family and managed by the Banco Santander Foundation, the collection is slated for a multi-year residency at the new Faro Santander cultural hub. Critics and historians argue the move potentially violates Mexico’s strict heritage laws, which designate Kahlo’s works as national monuments subject to permanent export bans.
Theater director Łukasz Twarkowski's new multimedia production, "ROHTKO," is set to open at London's Barbican Centre on October 2. The four-hour performance, which premiered in Riga in 2022, uses onstage action, video screens, and a techno soundtrack to explore the nature of authenticity in art, taking the Knoedler & Co. forgery scandal—which involved fake Rothko, Pollock, and Motherwell paintings—as a central narrative thread.
Francis Irv, an unconventional art space in New York known for its unpredictable programming, is closing after over three years. Founded by Sam Marion Wilken and Shane Rossi, the gallery operated first in a Chinatown mall beneath the Manhattan Bridge and later in a nondescript third-floor room nearby. It showcased a multigenerational mix of artists from the US and Europe, including Megan Marrin, Win McCarthy, and Reinhard Mucha, and participated in alternative art fairs like Basel Social Club and Paris Internationale rather than the mainstream circuit.
Christie’s has secured the estate of Belgian collectors Roger and Josette Vanthournout, with over 200 works to be sold in its March sales in London, including a René Magritte painting estimated at $4.7 million. Meanwhile, South Africa blames Qatar for the cancellation of its Venice Biennale pavilion featuring a work about Gaza violence by Gabrielle Goliath, claiming Qatar sought to use the pavilion for "proxy power." Art Cologne has announced 88 exhibitors for its revived Palma, Mallorca edition launching April 9.
Artnet News columnist reflects on the fragile state of the art market as 2025 ends, noting that global instability and troubling news have dampened buyer psychology. Despite this, major auction houses reported strong annual sales—Sotheby's at $7 billion (up 17%) and Christie's at $6.2 billion (up 6%)—and a series of high-profile sales, including the Pauline Karpidas collection auction and Leonard Lauder's Gustav Klimt portrait fetching $236.4 million, have sparked renewed momentum. The article quotes advisors and dealers who sense a market bottom has passed, with buyers returning to auctions and fairs like Art Basel Miami Beach.
Artnet News has compiled a guide to holiday art shows in New York City for December 2025. The featured exhibitions include the Metropolitan Museum of Art's annual "Christmas Tree and Neapolitan Baroque Crèche" (November 25–January 6), the American Museum of Natural History's "Origami Holiday Tree" (November 24–January 20) inspired by its dinosaur extinction exhibition, the Morgan Library and Museum's display of Charles Dickens's original manuscript of "A Christmas Carol" (November 25–January 11), and the New York Public Library's "Best Friends Forever: Holiday Greeting Cards" (December 3–January 4). Each venue offers a unique artistic take on the holiday season, from 18th-century Neapolitan figurines and thousands of origami animals to literary history and vintage greeting cards.
The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.
Mega-gallery Hauser & Wirth is acquiring the historic Palazzo Forcella De Sata in Palermo, Sicily, as confirmed by president and cofounder Iwan Wirth. The property, a 19th-century eclectic architectural landmark that hosted Manifesta 12 in 2018, was purchased in mid-November, though Sicilian authorities and Italy’s Ministry of Culture have a two-month window to preempt the sale due to historical monument restrictions. The gallery plans to use the main floor as exhibition space, with renovations potentially completed by 2030.
New York's marquee auction week delivered strong results, with Sotheby's and Christie's posting combined sales of nearly $2 billion. Sotheby's achieved a record $706 million evening at its new Breuer Building headquarters, driven by the Leonard Lauder estate sale, while Christie's $690 million 20th-century sale was up 41.9% from last November. Gustav Klimt's *Portrait of Elisabeth Lederer* sold for $236.4 million, setting a new auction record for the artist and becoming the most expensive Modern artwork ever sold at auction. Frida Kahlo's *El Sueño (La Cama)* fetched $54.7 million, a record for a work by a woman artist at auction.
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.
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).
Sotheby’s held Saudi Arabia’s first-ever international auction on February 8, 2025, in Diriyah, offering fine art and luxury items in a historic amphitheater. The event, led by auctioneer Oliver Barker, underscores the Gulf states’ rapid expansion in the art world, with major firms like Christie’s, Sotheby’s, and Art Basel launching new ventures in the region.
Maya Man, an artist who earned her MFA from UC's Media Art program in 2023, is the subject of a conversation with critic Ben Davis. Her work *A Realistic Day in My Life Living in New York City* is the first commission for the Whitney Museum's 'On the Hour' program, appearing on the museum's website for 30 seconds each hour. Man also founded the experimental art space HEART in New York City, which operated briefly but left a significant impact on the online/offline art scene before closing earlier in 2025.
Artnet News reports on the rising market interest in abstract artist Jack Whitten, following his current retrospective at the Museum of Modern Art in New York. The article highlights Whitten's innovative techniques, such as his "Slab" paintings made with Afro combs and his "Greek Alphabet" series, and notes that despite his long-standing reputation among fellow artists, his market is only now gaining momentum.
London's summer sales season opened with subdued results, totaling just $134.2 million across Christie's, Sotheby's, and Phillips—a 78% drop from the equivalent sales in 2015. A standout lot was Jenny Saville's painting *Mirror* (2011–12), which sold for £2.1 million at Sotheby's on June 24. Meanwhile, a group of art-world power players have launched a new advisory firm called New Perspectives Art Partners, and France has announced a $316 million international architectural competition to expand the Louvre and address chronic overcrowding.
A rediscovered oil painting by J.M.W. Turner, titled *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, sold for £1.9 million ($2.6 million) at Sotheby’s Old Masters and 19th Century Paintings evening auction in London—more than six times its high estimate. The work, painted in 1792 when Turner was 17, had been misattributed and sold for just $506 at a Dreweatts auction the previous year. After cleaning revealed Turner’s signature, scholars confirmed its authenticity, and it was identified as Turner’s first publicly exhibited oil painting, exhibited at the Royal Academy in 1793. The winning bidder was a private collector in the U.K., outbidding Bristol Museum and Art Gallery, which had raised over £100,000 from donors in a failed attempt to acquire the work.
Stanford University's libraries and Cantor Arts Center have acquired the archives of Filipina American artist Pacita Abad, who died in 2004 at age 58. The 120-foot-long collection, a gift from her estate managed by her husband Jack Garrity, includes correspondence with artists like Faith Ringgold, photographs from her childhood in Manila, and materials from her global travels and exhibitions. The acquisition comes with a donation to support processing, and is seen as a homecoming for Abad, who left the Philippines in 1969 after student protests and later settled in the Bay Area, where she studied and began her art career.
The collection of Old Masters assembled by Thomas A. Saunders III and his wife Jordan sold for $64.7 million at Sotheby’s on May 21, falling below its low presale estimate but still becoming the most valuable trove of Old Masters ever sold in a single auction. Seven artist records were set, including Luis Meléndez’s *Still Life of a Cauliflower…* ($6.3 million) and Jan Davidsz. de Heem’s floral still life ($8.8 million). The top lot was Francesco Guardi’s twin landscapes of Venice ($10.5 million). A further 14 paintings sold the next day, bringing the collection’s total to $65.4 million.
François-Xavier Lalanne's functional sculpture "Ostrich Bar" (1965) sold for €11.1 million ($12.5 million) at Sotheby's Paris on May 20, far exceeding its €3–4 million estimate after an 11-minute bidding war. The piece, one of only six ever produced, features two porcelain ostriches gripping a metal shelf with a central egg for ice cubes; it was the artist's personal favorite, kept in his bedroom for over four decades. The sale took place within Sotheby's Important Design sale curated by model Betty Catroux.
Bill Horrigan, a pioneering curator who transformed Ohio's Wexner Center for the Arts into a leading destination for film and video art, died on May 15 after a long battle with amyloidosis. Over 34 years at the Columbus museum, he built a celebrated film and video program that attracted world-renowned artists like Chris Marker and Julia Scher, and organized landmark exhibitions for Mark Dion, Gretchen Bender, and Shirin Neshat. He also served as a curatorial adviser for the 2008 Whitney Biennial, helped program the Video Data Bank, and led the 1989 edition of Video Against AIDS.