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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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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.

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Sotheby's three-part modern art evening auction in New York on Thursday night achieved a total of $304.6 million, a dramatic increase from the $93.1 million equivalent sale last year. The sale featured 69 lots, with three withdrawn and none bought in, resulting in a 95% sell-through rate. Top lots included Vincent van Gogh's still life "Piles de romans parisiens et roses dans une verre" (1887), which sold for $62.7 million with premium to private advisor Patti Wong, and a work by Frida Kahlo. Third-party guarantees covered 55% of the presale low estimate, but bidding remained competitive throughout.

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The Julia Stoschek Foundation, one of the world's largest collections of video art, will present its first major U.S. exhibition at the Variety Arts Theater in downtown Los Angeles. Titled "What a Wonderful World: An Audiovisual Poem" and curated by Udo Kittelmann, the show opens February 6, 2026, pairing contemporary video works by artists such as Marina Abramović, Dara Birnbaum, Cyprien Gaillard, Arthur Jafa, Jesper Just, and Lu Yang with historic films by Luis Buñuel, Walt Disney, Alice Guy-Blaché, Winsor McCay, and Georges Méliès. The exhibition spans 120 years of filmmaking and will occupy a historic 1920s Venetian-style landmark that once housed L.A.'s first women's clubhouse and a vaudeville theater.

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Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.

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Alexander Calder's painted wood mobile "Painted Wood" (ca. 1943) sold for $20.4 million at Christie's 20th-century evening sale in New York, exceeding its $15–$20 million estimate. The work, from the collection of Patricia Phelps de Cisneros, was acquired over 30 years ago and made its auction debut. Bidding was competitive among Christie's staffers Alex Rotter, Max Carter, and Patrick Saich, with Saich winning the lot for a client after a brief technical hiccup. The result is the second-highest price ever for a Calder at auction, behind "Poisson volant (Flying Fish)" (1957) which sold for $25.9 million in 2014.

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Gustav Klimt's landscape painting *Waldabhang in Unterach am Attersee* (1916) sold for $70.8 million at Sotheby's on Tuesday night, hammering at $61 million. The work was the third Klimt painting sold by Sotheby's from the collection of the late mega-collector Leonard A. Lauder, and was the first Klimt landscape Lauder ever purchased. The sale comes after Lauder's other Klimt landscapes achieved record prices, including *Blumenwiese* ($86 million) and his portrait of Elisabeth Lederer ($236.4 million).

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Gustav Klimt's 1908 landscape painting *Blumenwiese* (Blooming Meadow) sold for $86 million at Sotheby's, slightly above its $80 million-plus estimate. The work was part of the Leonard A. Lauder Collection, a major consignment also featuring pieces by Matisse, Munch, and Martin. Lauder had acquired the painting in 1985, drawn to Viennese modernism and Klimt's Attersee period. The sale marks the second-highest price ever for a Klimt landscape, trailing the $104.5 million record set by *Birch Forest* in 2022.

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The U.K. Crown Prosecution Service has charged Hauser & Wirth and an art shipping firm with violating criminal sanctions by making George Condo's 2021 work on paper, *Escape from Humanity*, available to a person connected to Russia in 2022. Separately, Frida Kahlo's 1940 painting *El sueño (La cama)*, estimated at $40–60 million, will be auctioned at Sotheby's on November 20, potentially yielding a 78,400 percent return for its consignor. Qatar is also planning the first duty-free art storage unit in the Gulf.

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Seven artists—Kelly Akashi, Firelei Báez, Julie Curtiss, Woody De Othello, Tomás Saraceno, Ilana Savdie, and Yinka Shonibare—have been commissioned to create public artworks for the new $9.5 billion Terminal One at New York's John F. Kennedy International Airport. The terminal will open in phases starting in 2026, with completion expected by 2030. The works, presented under the banner "We Travel Under One Sky," include sculptures, mosaics, murals, and a suspended installation, many of which explore themes of migration and New York's history. The program is organized by Culture Corps as part of a larger cultural initiative for the airport.