Sotheby’s Tries Again to Sell $40 M. Picasso Painting That Didn’t Make It to Auction in 2008

Sotheby’s has announced the sale of Pablo Picasso’s 1909 Cubist masterpiece, Arlequin (Buste), which is expected to fetch approximately $40 million during the New York marquee auctions this May. The painting is the crown jewel of a collection belonging to the late Surrealist artist Enrico Donati and his wife Adele. This marks the second time Sotheby’s has attempted to sell the work; it was famously withdrawn from a 2008 auction just a week before the sale due to undisclosed private reasons.

Pete Davidson’s Pop-Filled Art Collection Revealed in Westchester Home Listing

Actor and comedian Pete Davidson has listed his Westchester County home for $2.2 million, revealing a vibrant art collection rooted in pop culture and nostalgia. The 2,300-square-foot residence features a diverse array of works ranging from Peter Max prints and Al Hirschfeld caricatures to contemporary design pieces like the Gufram x Paul Smith 'Sunset Cactus.' The interior reflects Davidson's 'man cave' aesthetic, blending high-end collectibles with whimsical references to television, film, and his native Staten Island.

Fair Warning Expands With Saara Pritchard, Doubling Down on ‘Conviction’ in a Crowded Art Market

Loïc Gouzer’s boutique auction app, Fair Warning, is expanding its leadership by appointing Saara Pritchard, a veteran specialist from Christie’s and Sotheby’s, as a partner. Since its 2020 launch, the platform has carved out a niche by rejecting the high-volume model of traditional auction houses in favor of a highly curated, "one work at a time" approach. This strategy has proven lucrative, recently achieving a record $16.7 million for an Andy Warhol portrait and a $4.07 million record for Elizabeth Peyton.

Yves Saint Laurent’s Lalanne Mirrors Set for $15 Million Sale

Sotheby’s has announced the sale of a monumental set of 15 gilt-bronze mirrors by Claude Lalanne, originally commissioned by fashion icon Yves Saint Laurent for his Paris apartment. The mirrors are the centerpiece of a 123-lot auction from the collection of Jean and Terry de Gunzburg, scheduled for April 22 at the Sotheby’s Breuer building. Estimated to fetch between $10 million and $15 million, the mirrors represent a significant appreciation in value since the de Gunzburgs acquired them for approximately $2.4 million at the historic 2009 Saint Laurent estate sale.

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Art collector David Nahmad has publicly denied allegations that Amedeo Modigliani’s "Seated Man with a Cane" (1918) is Nazi-looted property. Following revelations from the Panama Papers that Nahmad is the true owner of the painting via the International Art Center, he defended his provenance, claiming the work sought by the heirs of Jewish art dealer Oscar Stettiner is a different painting entirely. Nahmad asserted that if the work is definitively proven to be looted, he will return it, but he currently maintains that the historical documentation regarding a 1944 sale at Drouot refers to a self-portrait, not the work in his possession.

Performance Artist Crackhead Barney Moves From the Streets to the Stage: ‘Art Should Be Going Insane’

Performance artist Crackhead Barney, known for her viral street interventions and ambush interviews at protests and public events, is transitioning her work to the formal stage. Her new play, GOD IS RAPING ME, is having sold-out dates at the Pageant performance space in Brooklyn, marking a significant shift from her guerrilla-style, social media-driven practice to theatrical production.

Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.

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Global fine-art auction sales reached $11.7 billion in 2025, marking a 13.3 percent increase over the previous year and the first market growth since 2021. While the first half of the year was hampered by inflation and geopolitical tensions, a surge in the second half—particularly during New York’s November marquee sales—pushed the market upward. This recovery was led by a renewed appetite for "trophy works," highlighted by the record-breaking $236.4 million sale of Gustav Klimt’s Portrait of Elisabeth Lederer at Sotheby’s.

Rare Rauschenberg Experimental Dance Revived at Brooklyn Roller Rink

The Trisha Brown Dance Company is reviving Robert Rauschenberg's first choreographed dance, 'Pelican,' for the first time in 60 years. The single-night performance will take place at the vintage Xanadu roller rink in Brooklyn as part of a 'Pelican Gala,' which also features two long-unseen dances by Trisha Brown. The event coincides with the centennial of Rauschenberg's birth.

The Art Consultancy Firm Saying No to the Attention Economy

Approximately Blue (AB), a contemporary art consultancy and brokerage, is deliberately operating without a public-facing brand, social media presence, or physical address. Founded by François-Luc Giraldeau and Emily Johnson, the firm focuses exclusively on primary market fine art prints and multiples, prioritizing deep research and direct, substantive relationships with collectors over visibility and hype.

Bank of America ArtTactic Art Market Report 2026 Trends

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The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

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The auction industry's "middle market"—typically defined as lots under $1 million—is facing a period of intense competition and shrinking profit margins. While these lower-priced works account for the vast majority of transaction volume and a significant portion of earnings, the overhead costs of selling them remain high. Furthermore, aggressive financial maneuvers like guarantees and "enhanced hammers," once reserved for blue-chip masterpieces, are now being demanded by sellers and advisors at much lower price points.

What the Art Market Still Gets Wrong About Next-Gen Collectors

Art market expert Georgina Adam's new book, 'NextGen Collectors and the Art Market,' analyzes the industry's struggle to attract and retain younger buyers like millennials and Gen Z. She examines the difficulty in defining this demographic, their shifting tastes away from traditional blue-chip artists, and their volatile, less loyal market behavior.

Artists and Art Professionals Denounce Mexico’s Handling of Resurfaced Art Collection: ‘An Institutional Blunder’

Over 200 Mexican artists and art professionals signed an open letter accusing the government and the National Institute of Fine Arts and Literature (INBAL) of an 'institutional blunder' for allowing the resurfaced Gelman collection—approximately 300 works including pieces by Frida Kahlo and other major Mexican artists—to be exported to Spain. The collection, now held by Banco Santander's foundation, is classified as Mexican artistic monuments, which typically restricts foreign export to one or two years.

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A group of high-profile artists including Es Devlin, Brian Eno, Nan Goldin, and Grayson Perry are donating works for a London-based charity auction to support humanitarian aid in Palestine. Organized by Choose Love, Gideon Berger Studio, Hope 93 Gallery, and dealer Zayna Al-Saleh, the sale will benefit the Together For Palestine Fund. The auction features a diverse range of media, from Grayson Perry’s ceramics to Nan Goldin’s photography, and will be accompanied by a public exhibition at Hope 93 Gallery from March 26 to April 9.

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Phillips’s Modern and contemporary evening sale in London concluded with a total of £13 million ($17.3 million), marking a 16 percent decline compared to the previous year's equivalent auction. The sale was led by Andy Warhol’s "Mao" and Vilhelm Hammershøi’s "Interior of Woman Placing Branches in Vase on Table," both of which fetched £1.6 million including fees. Despite the overall contraction in total sales, the auction saw a significant breakout for Danish painter Anna Ancher, whose work "Young Girl Reading a Letter" sold for £154,800, tripling its high estimate and setting a new auction record for the artist.

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Frank Frazetta’s 1973 painting 'Captive Princess,' originally created as cover art for Edgar Rice Burroughs’s novel 'The People That Time Forgot,' is heading to auction at Propstore with a high estimate of $1 million. The work, which depicts a dramatic abduction scene involving prehistoric figures, leads a major sale of entertainment memorabilia that includes iconic film props like a 'Jaws' harpoon gun and a C-3PO head.

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The Raab Collection has listed a rare, enigmatic manuscript fragment by George Washington for $10,000, featuring the unique phrase "Fathers of the Senate!" The snippet was likely excised from a larger document in the 19th century by biographer Jared Sparks to satisfy autograph seekers. This sale joins a wave of high-value Americana hitting the market, including Jack Kerouac’s original 'On the Road' scroll at Christie's and a collection of vintage film posters at Propstore.

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Artist Ryan McGinness has published a new art book titled 'Trip Advisor: Notes From over 25 Years of Psychedelic Voyages.' The book combines images of his paintings, studio photos, and personal diaries chronicling his experiences with psilocybin mushrooms since 1999, alongside essays reflecting on their significance.

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A major auction of Apple memorabilia and personal items belonging to Steve Jobs realized $8.1 million. The top lot was the first check ever issued by Apple, signed by founders Steve Jobs and Steve Wozniak in 1976, which sold for $2.4 million. Other significant items included an early Apple-1 prototype board and personal effects from Jobs's childhood home, including his bedroom desk and a collection of bowties.

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Italian fashion designer and art collector Valentino Garavani died in Rome on January 19 at age 93. Born in Voghera, he moved to Paris for fashion studies, worked for Jean Dessès and Guy Laroche, then launched his own brand in Rome in 1959. Known for elegant gowns worn by icons like Jacqueline Kennedy Onassis and Princess Diana, he retired in 2008. Garavani and his longtime business partner Giancarlo Giammetti built significant art collections; Garavani sold a Basquiat painting for $67 million at Christie’s in 2023, and Giammetti sold another for $93 million in 2021. Garavani also owned works by Warhol, Lichtenstein, and de Kooning. In 2024, he opened PM23, an exhibition space in Rome run by the Fondazione Valentino Garavani and Giancarlo Giammetti, which launched its second show, “Venus,” featuring Joana Vasconcelos, two days before his death.

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Gustav Klimt's portrait of Elisabeth Lederer topped the list of the most expensive artworks sold at auction in 2025, achieving $236.3 million at Sotheby's New York on November 18—far exceeding its $150 million estimate and setting a new record for the artist. The painting came from the collection of the late Leonard Lauder, who died in June at age 92. Other top lots included two more Klimts from Lauder's collection, a newly offered Basquiat, and a record-setting Frida Kahlo work, alongside notable sales by van Gogh, Rothko, Mondrian, Monet, and Picasso, with many of the highest prices achieved during the blockbuster November auctions at Sotheby's and Christie's.

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Sotheby's will hold its second auction in Saudi Arabia on January 31, 2026, following a successful inaugural sale in Diriyah in February 2024 that netted $17.3 million. The upcoming sale, titled "Origins," features over 70 works by established Saudi Arabian and Middle Eastern artists alongside international names, with top lots including a Pablo Picasso painting estimated at $2–3 million and works by Jean Dubuffet, Roy Lichtenstein, and Andy Warhol. The auction aims to build on lessons from the first sale, which revealed strong demand across price points and generational diversity among buyers.

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Artnet News rounds up the standout auction moments of 2025, highlighting both triumphs and disappointments. M.F. Husain's *Untitled (Gram Yatra)* (1954) smashed expectations at Christie's, selling for $13.8 million—more than double the artist's previous record and the first South Asian Modern work to exceed $10 million. In contrast, Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) fell short of its $50 million estimate at Christie's, missing the artist's auction record, while Alberto Giacometti's *Grande tête mince* (1955) failed to sell at Sotheby's despite a $70 million asking price, underscoring market volatility.

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Jean-Michel Basquiat's 1983 painting *Onion Gum*, priced at $21.5 million, was one of the most expensive works for sale at the 23rd edition of Art Basel Miami Beach. The large square canvas, featuring a white head and handwritten text, has a long market history: it sold for $7.36 million at Sotheby's in 2012 to hedge fund manager Daniel Sundheim, then failed to meet its estimate at auction in 2016, fetching $6.6 million. Since 2017, Van de Weghe Gallery has used the work as collateral for bank loans, showing it at multiple Art Basel fairs with prices rising from $16.5 million in 2018 to the current $21.5 million.

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Swiss art dealer Yves Bouvier has filed a motion in federal court in Manhattan to recover 91 artworks valued at an estimated $100 million, which he claims were entrusted to French dealer Pascal de Sarthe. Bouvier is seeking to compel at least 15 banks and two major auction houses—Sotheby's and Christie's—to provide information about the artworks' whereabouts. The legal action, initiated in Hong Kong in October, targets de Sarthe, who disputes Bouvier's ownership. Bouvier alleges that after his long-running legal battle with Russian billionaire Dmitry Rybolovlev, he was blacklisted by auction houses and entered into an oral agreement with de Sarthe and dealer Jean Marc Peretti for custody of the artworks, but de Sarthe has allegedly failed to respond to inquiries. A Hong Kong hearing was held in early October for orders including injunction and preservation.

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Frank Frazetta's iconic painting *Conan the Berserker* (1967) is being auctioned at Heritage Auctions with an opening bid of $10 million. The work, originally created for the cover of the 1967 paperback *Conan the Conqueror*, has become one of the definitive images of the fantasy hero. This year alone, five Frazetta paintings have sold for over $1 million, including *Man Ape* (1966) which fetched $13.5 million in September. The artist's total sales volume was just $674,640 in 2018, according to the Artnet Price Database.

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British artist Stuart Semple has announced the winner of his public vote for "Color of the Year," a direct challenge to Pantone's annual color selection. After collecting 4,063 votes online, the winning shade is a purple called Anarchic Venom (hex #B17DAC), now available for $9.99 through Semple's art materials brand Culture Hustle. Semple has a history of democratizing trademarked colors, having previously created alternatives to Tiffany blue, Barbie pink, and Vantablack in a long-running feud with Anish Kapoor. He also released a variant of Pantone's 2025 color Cloud Dancer, which he dubbed Proud Chancer.

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A conservation plan is underway to protect 26 square kilometers of New Mexico desert near Abiquiu that inspired Georgia O’Keeffe’s iconic paintings. The land, owned by a charitable arm of the Presbyterian Church, is being safeguarded through a partnership with the New Mexico Land Conservancy and the state government, with a $920,000 award from a state conservation trust. The protected area includes sandstone bluffs, grasslands, and views of Cerro Pedernal, while preserving access for film productions and ranchers.

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Chinese artist Yun-Fei Ji presents a new body of work in the exhibition “Riding the Tiger” at James Cohan Gallery in New York. The paintings draw on archetypes from Chinese folklore and the 16th-century novel *Journey to the West*, blending fantastical imagery with recognizable human scenes to explore the psychological and spiritual dimensions of migration. Works such as *The Sweep Up of Animal Spirits* and *The Round Up #1* directly reference the persecution of immigrants by government agencies, using symbols like tigers, buddhas, and livestock to critique power structures.