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sothebys leonard lauder contemporary by the numbers 2715607

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 Notably, no lots were withdrawn across both sales, and Asian collectors drove bidding on many high-value lots.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 2716072

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.

the art market has lost its grip on price 2653663

Former Sotheby's rainmaker Brooke Lampley, now a director at Gagosian, discusses the art market's loss of control over pricing, citing a failed $70 million Alberto Giacometti bust at auction as a symptom of deeper market confidence issues. The article traces the evolution of art pricing from opaque, dealer-driven norms to a data-rich system enabled by Artnet's Price Database in 1989, which fueled a price spiral and attracted speculators. Now, in 2025, the market faces a correction with auction sales down 27.3 percent to $10.2 billion, and buyers are pausing as traditional pricing signals become scrambled.

jeff koons gagosian porcelain series review 1234762301

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 2714943

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 1234762135

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.

art gallery of ontario major gift 2714505

The late Toronto collectors Morton and Carol Rapp have donated over 450 artworks by 203 artists to the Art Gallery of Ontario (AGO) from their estates. The gift includes major Pop art works: 13 screen prints by Andy Warhol, including four Marilyn Monroe portraits (1967); works by Robert Rauschenberg, Jasper Johns, Claes Oldenburg (including the sculptural print 'Teabag' from 1966), David Hockney, and Roy Lichtenstein; plus Barnett Newman's 1964 lithograph 'CANTO XVIII', marking the Abstract Expressionist's debut in the collection. The donation also features photography by Yinka Shonibare and Kara Walker. The couple, who began supporting the AGO in 1966, had previously donated 474 works, bringing their total contribution to nearly 1,000 pieces.

sothebys charles stewart supply and demand 1234761813

Sotheby's CEO Charles Stewart told CNBC that the art market has entered a new phase this fall, with supply finally catching up with demand after months of strong bidder activity. New York's marquee auction houses are preparing for sales expected to total more than $1.4 billion, a roughly 50% jump from last year, driven by major consignments including the estate of Leonard Lauder (55 works valued at over $400 million, led by Gustav Klimt's Portrait of Elisabeth Lederer) and collections from Jay and Cindy Pritzker. Christie's highlights include a Monet Nymphéas, a David Hockney portrait, and a Mark Rothko, each estimated at $40–60 million.

trustees bolt palm springs art museum director hire 1234761292

Trustee Patsy Marino resigned from the Palm Springs Art Museum board just one week after Christine Vendredi was appointed director on September 29, 2024. In a resignation letter reported by the Los Angeles Times, Marino alleged that the hiring committee failed to interview any outside candidates, despite two "exceptional" candidates being considered, and cited "inappropriate interference" by the executive committee, individual trustees, and museum staff. Two other board members also left the 22-member body, though the museum claims their departures were unrelated. Vendredi, previously chief curator and interim CEO, has a background in luxury brand management at Louis Vuitton and holds multiple advanced degrees but no prior museum directorship experience.

marquee art sales fall 2025 christies sothebys phillips 1234761496

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.

ex christies chief jussi pylkkanen works trends watch auction season 1234760790

Jussi Pylkkanen, former Christie's chairman, analyzes the upcoming New York 20th and 21st Century Art sales, noting a return to market confidence after strong European auctions in London and Paris aligned with Frieze and Art Basel Paris fairs. Christie's London posted its best October sales since 2018, Sotheby's had its most valuable Paris season, and a Picasso portrait sold for $37 million at Hôtel Drouot. The season shows a shift from speculative buying toward established artists like Bacon, Freud, Picasso, and Klimt, with 27 works valued over $10 million, led by Gustav Klimt's *Portrait of Elizabeth Lederer* from the Leonard Lauder collection, estimated to exceed $150 million at Sotheby's.

sothebys newly relocated to the breuer building reintroduces itself to new york 1234760682

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 1234760596

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 1234760575

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.

consignors november 2025 new york sales christies sothebys 1234760267

As the fall auction season returns to New York, Christie’s and Sotheby’s are preparing for evening sales amid an uneven art market. The article reveals key consignors behind major lots, including a Frida Kahlo painting from 1931, estimated at $6–8 million, owned by Miami-based Francisco and Fiorella Pérez Díaz, and three French Post-Impressionist works from the collection of the late Argentine patron Nelly Arrieta de Blaquier. The market context includes underwhelming results at Art Basel in Switzerland but strong attendance at Frieze London and Art Basel Paris, with collectors showing willingness to spend only on exceptional, well-priced works.

philadelphia art museum director dismissed sasha suda 1234760126

Sasha Suda, director and CEO of the Philadelphia Art Museum (formerly the Philadelphia Museum of Art), was dismissed on Tuesday. Reports from the Philadelphia Inquirer and Philadelphia Magazine indicate she was terminated for “cause” via email, though the specific reasons were not disclosed. The dismissal follows controversy over the museum’s recent rebranding, which was criticized online and reportedly caught board members off guard. Suda, who joined in 2022 after leading the National Gallery of Canada, faced internal dissent from unionized staff and tense negotiations, as well as the departure of deputy director Carlos Basualdo. The museum has also struggled with a deficit and declining attendance since the pandemic.

qatar launches quadriennial 2026 1234759277

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 1234759280

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 1234758630

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 1234758480

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 1234758287

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 1234757822

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 1234756367

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.

sothebys matthew carolyn bucksbaum magritte jean dubuffett 1234756446

Sotheby's will sell ten works from the Matthew and Carolyn Bucksbaum collection in its fall auctions, with six pieces by René Magritte, Jean Dubuffet, Salvador Dalí, Joan Miró, and Paul Klee featured in the Modern Evening auction on November 20. The group of six works carries a total estimate of $18 million to $24 million, led by Magritte's *Le Jockey perdu* (1942) at $9–12 million and Dubuffet's *Restaurant Rougeot II* (1961) at $6–8 million. Sotheby's executives Julian Dawes and Grégoire Billault emphasized the rarity and importance of these works, noting that the Magritte is the only oil version of its subject and the Dubuffet is one of just three paintings of the iconic Paris restaurant.

la fire suspect identified dystopian painting image chatgpt 1234756274

Jonathan Rinderknecht has been arrested on suspicion of starting the Pacific Palisades fire in January, which killed 12 people and destroyed over 6,000 homes. Authorities discovered evidence on his phone, including a ChatGPT query where he asked the AI to create a "dystopian painting" depicting a class war during a fire, as well as questions about legal culpability for starting a fire with cigarettes. The fire also damaged the grounds of the Getty Villa, forcing a four-month closure.

v joy simmons collection tour baldwin hills home 1234756282

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.

christies arnold joan saltzman fernand leger picasso matisse 1234756050

Christie’s will sell over 70 works from the collection of Arnold and Joan Saltzman during its fall marquee sales in November, with a group estimate exceeding $70 million. The modern art collection includes pieces by Pablo Picasso, Fernand Léger, Edvard Munch, František Kupka, Robert Delaunay, Henri Matisse, and Henry Moore. The top lot is Léger’s 1914 painting *Composition (Nature Morte)*, estimated around $20 million, from his celebrated 'Contraste de formes' series. Other highlights include Henry Moore’s bronze sculpture *Reclining Woman: Elbow* (1981), estimated at $9–12 million, and Henri Matisse’s *Femme au chapeau fleuri* (1923), estimated around $10 million. The collection, built over 60 years, will be featured in Christie’s 20th century evening sale on November 17 and day sales on November 18.

sean combs sentencing art collection 1234755271

Sean Combs, the rapper and record executive known as Diddy, was sentenced on Friday to 50 months in federal prison and fined $500,000 for two counts of transportation for prostitution. He was acquitted of racketeering and sex trafficking charges. The sentencing followed a trial that included testimony from his ex-girlfriend Cassie Ventura and an anonymous former employee alleging abuse. Combs apologized in court, calling his behavior "disgusting, shameful and sick." Judge Arun Subramanian noted that Combs's "immense financial resources enabled his crimes."

dom perignon takashi murakami limited edition collaboration 1234754986

Dom Pérignon has partnered with artist Takashi Murakami to design limited-edition labels and packaging for its Vintage 2015 and Rosé Vintage 2010 releases. Murakami’s signature smiling floral motifs appear on black backgrounds, and the collaboration is framed as an exploration of time, transformation, and the intersection of historical craftsmanship with contemporary art. Murakami worked with Dom Pérignon’s Chef de Cave Vincent Chaperon, and the project is part of a broader series titled “Creation is an eternal journey,” which also involves actors, musicians, and chefs.

almaty museum of arts kazakhstan opens 1234753927

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.