32 million klimt sale falls through

The record-setting $32 million sale of Gustav Klimt's "Portrait of Fräulein Lieser" (1917) has fallen through after a restitution settlement failed to resolve gaps in its provenance. The painting, discovered in early 2024 and sold at Im Kinsky auction house in Vienna to an anonymous Hong Kong buyer in April, was mired in controversy over its history during the Nazi era. The work's whereabouts between 1925 and 1961 were unknown, a period including Austria's annexation by Nazi Germany. The auction house proposed the work was commissioned by Henriette Lieser, who was deported and murdered at Auschwitz, but conflicting theories about the sitter's identity and the painting's path through a Nazi party member's family complicated restitution efforts. A new potential legal heir emerged after the sale, and the buyer ultimately pulled out.

Event: Hammad Nasar and Billy Tang, Off the Record

ArtReview and Ursula magazine have announced a collaborative talk featuring curators Hammad Nasar and Billy Tang as part of their "Off the Record" series in London. The event, held at the Farm Shop in Mayfair, is designed as an intimate, live conversation focused on the working methods and inspirations of creative visionaries. Nasar, a veteran curator and MBE recipient, will join Tang, the Artistic Director of the new Yan Du Project, to discuss their respective practices and the evolution of creative thinking.

art basel miami beach report viral moments

Art Basel Miami Beach 2025 generated viral moments with Beeple's 'Regular Animals' installation featuring robot dogs with billionaire faces, while Leandro Erlich's underwater sculpture garden 'Reefline' debuted concrete cars in Biscayne Bay. The fair's priciest work was Andy Warhol's $18 million 'Muhammad Ali' (1977), sold by Lévy Gorvy Dayan. Other highlights included Katie Stout's public commission 'Gargantua's Thumb' in the Miami Design District, Refik Anadol's AI screen, and the return of Sukeban, a Japanese women's wrestling league, as a crowd favorite.

Claude Lalanne’s set of bronze mirrors shatters artist's auction record at Sotheby's

A set of 15 bronze and copper mirrors by Claude Lalanne sold for $33.5 million at Sotheby's in New York, shattering the artist's previous auction record and surpassing the record price for works by her late husband and collaborator, François-Xavier Lalanne. The ensemble, which far exceeded its $15 million high estimate, drew fierce competition from five bidders over ten minutes.

The 25th Biennale of Sydney: “Rememory”

The 25th Biennale of Sydney, titled "Rememory," opened in March 2026 across multiple venues in Sydney, including the prominent White Bay Power Station. Curated by Hoor Al-Qasimi, the exhibition features 83 artists and collectives from around the world, presenting works that demand slow, immersive engagement rather than spectacle, with highlights including large-scale textile installations by Edgar Calel and Nikesha Breeze.

10 most expensive lots sold auction march 2025

In March 2025, major auction houses, particularly in London, achieved strong sales despite the month typically being quiet. Christie’s and Sotheby’s sold ten high-value lots, led by Jean-Michel Basquiat’s *Sabado Noche* (1984) at £8.4 million ($14.5 million). A standout result was M.F. Husain’s *Untitled (Gram Yatra)* (1954), which sold for $13.75 million at Christie’s New York, marking the first time an Indian Modern artwork exceeded $10 million at auction. Other notable sales included works by René Magritte, Yoshitomo Nara, Francis Bacon, Tamara de Lempicka, Amedeo Modigliani, Paul Delvaux, Michael Andrews, and Lisa Brice.

Louisiana reunites Basquiat's 'Heads' for the first time

The Louisiana Museum of Modern Art in Denmark is hosting "Headstrong," the first museum exhibition in Scandinavia dedicated to Jean-Michel Basquiat. The show reunites 49 works on paper created between 1981 and 1984 that focus on the artist's depiction of the head—works Basquiat originally kept for himself and which were only discovered after his death. The exhibition includes the record-breaking 1982 "Untitled" painting, which previously sold for $110.5 million.

Amy Sherald’s Show Sets Visitor Record at Baltimore Museum of Art

Amy Sherald's traveling mid-career survey, 'American Sublime,' has set a new attendance record at the Baltimore Museum of Art (BMA), drawing 63,000 visitors as of early February with an expected final total of 75,000. This makes it the museum's most-attended show since 2000. The exhibition features nearly 50 grisaille portraits of Black Americans and was previously shown at SFMOMA and the Whitney Museum of American Art.

Van Gogh in 2025: Record prices, memorable shows and the first Korean acquisition

The article reviews the Van Gogh year in 2025, highlighting several key developments. The Van Gogh Museum in Amsterdam faces potential closure unless the Dutch government increases its annual building subsidy from €8.5m to €11m, leading the museum to file a legal complaint. At auction, two Van Gogh paintings sold, with "Parisian Novels" (1887) fetching $62.7m at Sotheby's, a record for his Paris period, and eight drawings were sold, including "Sower in a Wheatfield with setting Sun" (1888) for $11.2m. Acquisitions included "Tarascon Stagecoach" (1888) given to LACMA via the Henry and Rose Pearlman Foundation, and "Head of a Peasant" (1885) bought by Korean-born gallery owner Hong Gyu Shin, marking the first known Van Gogh acquisition by a Korean.

Five forces that reshaped the art market in 2025

In 2025, the art market faced significant challenges, including gallery closures and unfavorable auction results in the first three quarters, driven by geopolitical pressures such as US President Donald Trump's tariffs. However, a rebound occurred in autumn, with buoyant fairs like Frieze London and Art Basel Paris, and strong November auctions in New York totaling over USD 2 billion, carrying momentum to Art Basel Miami Beach. Key events included Gustav Klimt's *Portrait of Elisabeth Lederer* selling for USD 236.4 million at Sotheby's, a record for a Modern work, and a Frida Kahlo self-portrait setting a new record for a work by a woman. Meanwhile, several galleries closed, including Blum, Venus Over Manhattan, Clearing, Kasmin Gallery, Tilton Gallery, and Perrotin and Pace's Hong Kong outposts, while others expanded, such as Thaddaeus Ropac in Milan and Hauser & Wirth in Sicily.

At the Aspen Art Museum, Glenn Ligon inspects the record

Glenn Ligon's exhibition "Break It Down" opened at the Aspen Art Museum on November 21, showcasing 47 works spanning three decades. The show examines how the artist constructs a portrait of self by drawing on external institutional documents, including school reports, museum conservators' notes, and James Baldwin's essay "Stranger in The Village." Key works include 50 screenprinted self-portraits with printing glitches that question stable identity, and a final gallery centered on a painting built from Baldwin's text, surrounded by dark carbon and graphite rubbings that reinterpret the essay through physical mark-making.

On the Met Gala’s Cy Gavin-designed blue carpet, art was front and centre

The 2025 Met Gala, held on May 5 at the Metropolitan Museum of Art, raised a record $31 million while celebrating the opening of the Costume Institute's new exhibition, "Superfine: Tailoring Black Style" (May 10-October 26). The event's dress code, "Tailored for You," inspired attendees to embrace Black-dandy fashion, with guests including Rihanna, Cynthia Erivo, Stevie Wonder, and Kamala Harris. The exhibition, curated by Andrew Bolton and Monica L. Miller, explores the evolution of Black style in the Atlantic diaspora from the 18th century to today, drawing on Miller's 2009 book "Slaves to Fashion: Black Dandyism and the Styling of Black Diasporic Identity." It is the Costume Institute's first show to directly address race's impact on style and the Met's first menswear exhibition in over 20 years.

The extraordinary boom in modern Indian art

Despite a general art market downturn, modern Indian art auctions have seen extraordinary demand. Over the past two weeks, sales at Christie’s in New York, Saffron Art in New Delhi, Pundole’s in Mumbai, and Sotheby’s in London all sold out. Sotheby’s London sale raised £19 million, more than five times its estimate, led by record-breaking works from Francis Newton Souza, including *Houses in Hampstead* (1962) sold for £5.6 million and *Emperor* (1957) sold for £5.2 million. The article traces Souza’s rebellious career, from his expulsion from school in Mumbai for pornographic graffiti, to his founding role in the Progressive Artists’ Group, his struggles in England and the US, and his eventual death in 2002 with little recognition.

North America’s Longest-Running Exhibition of International Art Has Landed at the Carnegie Museum

The 59th Carnegie International, titled "If the word we," has opened at the Carnegie Museum of Art in Pittsburgh, marking North America's longest-running exhibition of international art. Featuring 61 artists and collectives from countries including Brazil, Benin, China, Indonesia, Lebanon, Peru, Taiwan, and South Africa, the exhibition explores the theme of "we" as an evolving proposition. It includes nearly 40 newly commissioned projects—the largest number in the International's history—spanning painting, photography, sculpture, installation, video, and theater. Notable works include Jonathan González's performance "The Strikebreakers" and Georges Adéagbo's installation "Le Socialism Africain," which uses discarded objects to examine Western power and colonial legacies in Africa.

Whistler's Audain Art Museum Raises a Record-Breaking $1.5 Million at Annual Gala Marking its 10-Year Anniversary

The Audain Art Museum in Whistler, British Columbia, raised a record-breaking $1.5 million at its 2026 annual gala, marking the institution's 10-year anniversary. The sold-out event, attended by over 500 guests, featured a live art auction of works by artists in the museum's permanent collection, with Stan Douglas's 1974 piece 'Coat Check' achieving a $200,000 hammer price—the highest ever for the gala.

Martin Wong’s Vast Interests Go On View at Wrightwood 659

The Wrightwood 659 museum in Chicago has launched "Martin Wong: Chinatown USA," the first major monographic exhibition of the artist's work since 2017. Featuring over 100 paintings, sculptures, and drawings, the show explores Wong’s complex relationship with his Chinese-American identity, his life in New York’s Lower East Side, and his fascination with urban landscapes, sign language, and queer intimacy. The exhibition includes significant loans such as the triptych "Tai Ping Tien Kuo" and the record-breaking "Portrait of Mikey Piñero at Ridge Street and Stanton."

Sotheby’s “Origins II” Results Suggest Saudi Collectors Are Prioritizing Legacy

Sotheby's second auction in Saudi Arabia, 'Origins II,' achieved a total of $19.6 million, nearly doubling its low estimate. The sale, held in Diriyah, saw strong demand for Saudi and MENA artists, with a third of works sold to local collectors, signaling a shift from the previous year's reliance on international blue-chip art.

The 10 Most Expensive Auction Works in 2025

The article reports on the ten most expensive auction lots of 2025, led by Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer)' (1914), which sold for $236.36 million at Sotheby's, making it the second-most-expensive artwork ever sold at auction. The top end of the market rebounded after a quieter 2024, with the 100 most expensive lots totaling $2.13 billion, up from $1.8 billion the previous year. Nine of the top ten lots were sold during the marquee New York sales in November, where Sotheby's, Christie's, and Phillips together generated over $2 billion and set 16 artist auction records. The list includes multiple Klimt works from the collection of American philanthropist Leonard A. Lauder, as well as a Vincent van Gogh still life that sold for $62.71 million.

Werke von Pollock und Brancusi für Rekordsummen versteigert

At Christie's spring auctions in New York, Jackson Pollock's painting "Number 7A" sold for approximately $181 million and Constantin Brancusi's sculpture "Danaïde" fetched around $108 million, both setting records. The works came from the estate of publisher S. I. Newhouse, who died in 2017. Christie's total sales for the evening exceeded $1 billion, while rival Sotheby's had sold several hundred million dollars' worth of art the previous week. Christie's enlisted actress Nicole Kidman to promote the Brancusi piece.

The Venice Biennale Reaches Full Capacity

La Biennale de Venise fait le plein

The Venice Biennale has reached full capacity, with all exhibition spaces and pavilions fully booked for the upcoming edition. The article reports on the overwhelming demand from participating countries and artists, highlighting the logistical challenges and the record number of national pavilions confirmed for the event.

The Met Gala, an Institution within the Institution

Le Met Gala, une institution dans l’institution

Le Met Gala 2026 took place on Monday at the Metropolitan Museum of Art in New York, co-chaired by Beyoncé, Nicole Kidman, and Venus Williams. The event raised a record $42 million for the Costume Institute, with celebrities like Madonna and Kendall Jenner attending under the dress code 'Fashion is Art'. The gala also opened the exhibition 'Costume Art', curated by Andrew Bolton, featuring 25 new mannequins with diverse body types.

Rediscovered Old Master Painting Eclipses Estimate at Auction

A rediscovered portrait of Prince Rupert, long attributed to the studio of Anthony van Dyck and later to Jacob Huysmans, sold for CA$217,250 ($153,000) at Heffel Fine Art Auction House’s Spring Sale on May 21, more than double its low estimate. New research identified the work as by Peter Lely, court painter to King Charles II. The painting had belonged to the Hudson Bay Company for centuries and was part of a court-approved sale of the company’s collection following its 2024 bankruptcy. The 80-lot sale also saw a record for E.J. Hughes’s "Coastal Boats Near Sidney, BC" (1948), which sold for CA$5.7 million ($4.1 million), and strong results for Group of Seven artists Arthur Lismer, A.J. Casson, and Lawren Harris.

christies auction painting george washington one dollar bill

Christie’s will auction an 1804 oil portrait of George Washington by Gilbert Stuart, estimated at $500,000 to $1 million, during its “We the People: America at 250” sale in early 2025. The painting was commissioned by President James Madison and served as a model for the engraving on the one-dollar bill. It was recently deaccessioned by Clarkson University, a technical school in upstate New York, which decided to sell the work to coincide with the 250th anniversary of the United States, with proceeds supporting the university’s educational mission.

how to take creative risks loic gouzer

This episode of the podcast series "How to Get Ahead in the Art World" features Loïc Gouzer, the former Christie's executive known for orchestrating the record-breaking $450 million sale of Salvator Mundi. Gouzer discusses his career risks, including pioneering the curated sale format and launching Fair Warning, a private auction app that has achieved new price records. He emphasizes trusting instinct over data in the art market and offers advice on spotting opportunities, mastering skills before breaking rules, and building an authentic personal brand.

art auction new york record breaking

Gustav Klimt's *Portrait of Elisabeth Lederer* (1914-16) sold for $236.4 million at Sotheby's on November 18, becoming the second-most expensive painting ever sold at auction and the most expensive work ever sold by the house. The sale was part of New York's marquee November auctions, which generated over $2 billion in a single week—more than 50 percent above last year's total—driven by high-profile estates including that of cosmetics heir Leonard A. Lauder. Other notable sales included Mark Rothko's *No. 31 (Yellow Stripe)* for $62.2 million at Christie's, Marc Chagall's *Le songe du Roi David* for $26.5 million, and Frida Kahlo's *El sueño (La cama)* for $55 million, setting a new record for the artist and the highest sum for a work by a female artist at auction. Phillips also sold a juvenile Triceratops skeleton named CERA for $5.4 million.

martin beck environments art

Martin Beck has created a new body of artwork inspired by the *Environments* series of LPs, which debuted in 1969 and featured long-duration nature sounds and aural abstractions. The works are on view at the Aldrich Contemporary Art Museum in Ridgefield, Connecticut, through October 5, and include wall works, video, and an exhibition design that explores how the records were marketed as lifestyle accessories and productivity aids. Beck first encountered the series through a friend's lecture at Columbia University and became fascinated by its blend of utopian vision and commercial hype.

Which Country’s Art Market Came Out on Top in 2025?

The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.

christies newhouse consignment pollock picasso brancusi masterworks

Christie’s New York is set to headline its May marquee sales with a prestigious consignment from the collection of the late media magnate S.I. Newhouse. The offering features approximately 40 masterworks valued at an estimated $450 million, including Jackson Pollock’s drip painting "Number 7" (1948) and Constantin Brancusi’s bronze sculpture "Danaïde" (1913). Both works carry estimates of approximately $100 million, figures that would shatter the existing auction records for both artists if realized.

report rebounding art auction market 2025 arttactic

ArtTactic's year-end report reveals that the global art auction market rebounded to $4.55 billion in 2025, an 11.1% increase from 2024. Sotheby's saw a 17% sales jump and Christie's a nearly 7% rise. Historic single-owner sales, including estates of Leonard Lauder, Cindy and Jay Pritzker, and Pauline Karpidas, drove recovery with $884.9 million in total. Old Masters, Impressionist, and modern art surged 42.3% year-on-year, while contemporary and post-war art lagged. The trophy market (works over $10 million) grew 19.4% to $1.48 billion, led by Impressionist art up 80.4% to $1.04 billion, fueled by three Gustav Klimt canvases from the Lauder collection.

christies 21st century evening sale totals november 2025

Christie's 21st-century evening sale on Wednesday, November 2025, achieved a hammer total of $99.7 million on 44 lots, within the pre-sale estimate of $87.5–$127 million. With fees, the final total reached $123.6 million. The sale opened with 18 lots from the collection of Chicago philanthropists Stefan Edlis and Gael Neeson, featuring works by Cindy Sherman, Andy Warhol, Tom Wesselmann, and Diego Giacometti. A Giacometti coffee table sparked a seven-minute bidding war, selling for $4.53 million. Three artist records were set: Firelei Báez ($1.1 million), Olga de Amaral ($3.1 million), and Joan Brown ($596,500). Only one work, by Cecily Brown, failed to sell.