Marquee May auctions in New York come at a volatile moment

New York's marquee spring auctions, beginning May 12, are facing significant headwinds from President Donald Trump's second-term policies, particularly the 'Liberation Day' tariffs and resulting stock-market volatility. Phillips deputy chairman Robert Manley confirms at least one eight-figure work was pulled from sale due to tariffs. The combined Modern and contemporary auctions at Christie's, Sotheby's, and Phillips carry an estimated $1.1bn to $1.5bn in art—the lowest total estimate for spring sales since 2010, roughly $250m lower than May 2024. No nine-figure-estimate lots have been consigned, and the number of catalogued lots is the lowest since 2007 (excluding pandemic and recession years). Single-owner collections dominate, with Christie's securing the $200m Leonard and Louise Riggio collection, including a Piet Mondrian estimated at $50m, and works from Anne and Sid Bass. Sotheby's offers collections from dealers Daniella Luxembourg and others.

What not to miss at Frieze New York 2025

Frieze New York 2025 will take place from 7 to 11 May at The Shed, featuring over 65 leading contemporary art galleries from more than 25 countries. The fair offers collectors access to blue-chip works by major artists and pieces by emerging talents, alongside amenities such as the US debut of Korean luxury beauty brand The Whoo showcasing three South Korean female artists, and a Ruinart champagne bar with a commissioned installation by artist Sam Falls. Notable booths include Mendes Wood DM presenting a new sculpture by Sonia Gomes and works by Kishio Suga, a joint presentation by Apalazzogallery and Emalin featuring Augustas Serapinas, and Tina Kim Gallery highlighting a multigenerational selection of women artists including Maia Ruth Lee.

Ten Highlights From New York’s Spring Marquee Auctions

New York's spring marquee auctions are set for May 2025, with Christie's, Sotheby's, and Phillips presenting strong lineups after a 25% drop in total public sales in 2024. Highlights include the $250 million Leonard and Louise Riggio collection at Christie's, featuring Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (est. $50 million), and Alberto Giacometti's *Grande tête mince* (est. over $70 million) at Sotheby's. Other top lots include Lucio Fontana's *The End of God*, Jean-Michel Basquiat's *Baby Boom*, a Rothko from the Bass mansion, Claude Monet's *Crepuscular Peupliers*, Olga de Amaral's evening sale debut, a trove of 40 Roy Lichtenstein works, and an Ed Ruscha piece. The sales test market resilience amid supply constraints and a cautious art market.

Female artists and new buyers breathe life into the art market

The global art market contracted by 12% in 2024, falling to an estimated $57.5 billion in sales from its 2022 peak, according to the Art Basel and UBS Art Market Report 2025 compiled by Dr. Clare McAndrew. Despite the overall decline, the number of transactions grew by 3%, driven by a broadening collector base and increased engagement with more affordable works. The report highlights a surge in interest in female artists, with galleries raising their representation to 41%, and notes that art fairs remain the most common entry point for new buyers. The Aotearoa Art Fair, opening May 1-4 at Auckland's Viaduct Events Centre, exemplifies these trends with strong Indigenous and Pacific representation, emerging artist platforms like Horizons 2025, and affordable works under $5,000 from established galleries such as Gow Langsford Gallery.

San Francisco Art Fair brings attention to Bay Area scene and sales for exhibitors from near and far

The San Francisco Art Fair opened on April 17 at the Fort Mason Center for Arts & Culture, running through April 20. Rebranded from ArtMrkt San Francisco last year, the fair featured 88 exhibitors, including a strong contingent from the East Bay, such as Oakland-based galleries pt.2, Johansson Projects, and Good Mother Gallery. Notable moments included artist Marc Horowitz using DeBoer Gallery's stand as a live studio, selling paintings for $25,000 and up, and the Alternative Art School showcasing works by four artist-members. Dealers reported healthy sales, with works priced from a few hundred dollars to the lower five figures, and local galleries like Micki Meng donated proceeds to the environmental non-profit Art into Acres.

Sotheby’s Sets 12 Records for South Asian Artists in a Single Sale

Sotheby's Modern and Contemporary South Asian Art auction in New York achieved a total of $22.1 million with 100% of lots sold, setting 12 new auction records for artists from the region. The sale was headlined by Vivan Sundaram's 1967 painting 'Inbetweeness,' which sold for $896,000 and more than doubled his previous annual auction total, and M.F. Husain's 'Second Act,' which fetched $5.1 million.

Richter works from gallerist Marian Goodman and Donald Judd pieces lead Christie's New York auctions

I lavori di Richter della gallerista Marian Goodman e le opere Donald Judd guidano le aste di Christie’s a New York

Christie's New York spring sales opened on May 20, 2026, with two major collections: the minimalist art collection of Henry S. McNeil Jr. and works by Gerhard Richter from the collection of legendary gallerist Marian Goodman. The 42-lot session achieved $162.7 million, with 98% sold by lot. The 21st Century Evening Sale alone reached $136.8 million, a 42% increase over May 2025 and Christie's highest result for the category in five years. Top lots included Donald Judd's "Untitled" (1969) at $12.8 million—a new auction record for a Judd stack—and Richard Artschwager's "Two-Part Invention" (1967) which soared to $635,000 from an estimate of $60,000–80,000. The Goodman collection of eight Richter works, all guaranteed, generated $78.8 million, exceeding expectations.

A $1B Evening With Nicole Kidman

Hyperallergic's newsletter reports on a record-setting $1 billion evening sale at Christie's on May 18, which included works by Jackson Pollock and Constantin Brancusi alongside Hollywood star Nicole Kidman. Other stories cover an exhibition at the DuSable Black History Museum and Education Center celebrating Black American artists in Paris, a painted book cover trend analyzed by Tara Anne Dalbow, a Gaza Square sculpture unveiling in Paterson, New Jersey, and a performance event by Bahar Behbahani on Governors Island.

Coveted Rothko From Robert Mnuchin’s Collection Nets $85.8 Million in New York

A major Mark Rothko painting, *Brown and Blacks in Reds* (1957), from the collection of the late financier and dealer Robert Mnuchin, sold for $85.8 million at Sotheby’s New York, becoming the second-highest price ever achieved for the artist at auction. The work, estimated at $70–100 million, was part of an 11-lot sale dedicated to Mnuchin’s collection, which also includes works by Willem de Kooning, Pablo Picasso, and Franz Kline. A phone bidder won the painting, with Helena Newman, chairman of Sotheby’s Europe, handling the bid.

Art Busan Bets on Sustainability Over Speculation

Art Busan's 15th edition, taking place May 21–24, 2026 at BEXCO Exhibition Center, will feature over 110 galleries from 18 countries, with expanded programming including craft and design sections, curated exhibitions, and a new section called LIGHTHAUS that reframes gallery booths as curated environments. Data from the 2025 edition indicates an art market reorganization rather than contraction, with increased pre-sale activity, repeat attendance, and purchases across a wide price spectrum, suggesting a shift away from speculation toward sustained engagement.

New York Art Week Will Test the Market’s Momentum

New York Art Week is set to test the art market's momentum with half a dozen fairs and major auctions. Frieze New York opens at the Shed on May 13 with 68 galleries, while Sotheby's leads auction sales starting May 14, featuring a Mark Rothko painting estimated at $70–$100 million from Robert Mnuchin's collection. The total low estimate for Sotheby's week is $690.4 million, roughly 70% higher than last year's hammer total. Alternative fair Esther, co-founded by Margot Samel and Olga Temnikova, kicks off May 12 at the Estonian House for its third and final edition, emphasizing intentionality and community over scale.

Rare Keith Haring Self-Portrait and Other Intimate Works Go on View in NYC

A collection of intimate works by Keith Haring, including a rare self-portrait, a painted crib, and personal letters, has gone on view at Sotheby's Breuer building in New York City. The works were gifted by Haring to his childhood best friend and fellow artist, Kermit Oswald, over the course of their friendship from 1977 to 1989. The free public exhibition precedes a series of three auctions beginning May 14, with highlights including the self-portrait estimated at $3–5 million and a crib-and-dresser set expected to fetch $250,000–350,000.

Early 2026 Art Books From Yale University Press

Yale University Press has announced its early 2026 art book lineup, featuring exhibition catalogues such as "Raphael: Sublime Poetry" from The Metropolitan Museum of Art, "Gwen John: Strange Beauties" from the Yale Center for British Art, "Edward Steichen and the Garden" from the George Eastman Museum, and "Frederic Church: Global Artist" from Olana NY State Historic Site. New releases also include a biography of Anni Albers by Nicholas Fox Weber, a catalogue titled "Anni Albers: Constructing Textiles" accompanying a European traveling exhibition, and Alyce Mahon's "Dorothea Tanning: A Surrealist Life," named a Best New Art Book of 2026 by Christie's. The press will hold a 50% off annual sale in May.

Paris art enthusiast wins €1m Picasso painting in €100 charity raffle

Ari Hodara, a Parisian sales engineer and art enthusiast, won a 1941 Pablo Picasso portrait valued at over €1 million through a €100 charity raffle ticket. The draw, held at Christie’s in Paris, featured the painting 'Head of a Woman,' a portrait of the artist’s muse Dora Maar. The lottery successfully sold all 120,000 available tickets, raising a total of €12 million.

Art Problems: Do I Need to Go to Art Fairs?

Art critic Paddy Johnson addresses the common dilemma faced by unrepresented artists regarding the necessity of attending major art fairs. While acknowledging that fairs can be physically exhausting and prohibitively expensive, Johnson argues that their true value lies in strategic information gathering and long-term career planning rather than immediate sales or representation.

€1m Picasso painting to be won for €100 in charity raffle

A charity raffle in France is offering participants the chance to win a 1941 Pablo Picasso portrait, 'Tête de Femme', for the price of a €100 ticket. The initiative aims to sell up to 120,000 tickets to raise funds for the Alzheimer’s Research Foundation in Paris, with the painting's current owner, Opera Gallery, receiving €1m from the proceeds. The artwork will be displayed at Christie’s in Paris ahead of the drawing.

Why the Photo Market Is Moving Closer to Painting, With Unique Works Leading the Way

Artnet Auctions has launched its Spring Photographs sale, running through April 16, 2026, featuring works by blue-chip artists such as Peter Beard, Adam Fuss, and Diane Arbus. The auction highlights a significant shift in the photography market toward unique, one-of-a-kind works—including photograms, hand-painted images, and collages—that blur the lines between photography and painting. This trend is evidenced by increasing auction prices, with several works recently crossing the $1 million and $2 million thresholds.

Counterpublic Triennial Names 47 Artists and Collectives for Upcoming Third Edition, Including Glenn Ligon, Rebecca Belmore, Rirkrit Tiravanija

The St. Louis-based triennial Counterpublic has unveiled the artist list for its third edition, titled "Coyote Time," scheduled to run from September 12 to December 12, 2025. The exhibition features 47 artists and collectives, including major figures such as Glenn Ligon, Rebecca Belmore, and Rirkrit Tiravanija, alongside posthumous presentations of works by Juanita McNeely and Benjamin Patterson. Curated by a five-person international team, the triennial will activate various sites across the city, including the Mississippi Riverfront and the historically Black neighborhood of The Ville.

Woman With Her Back to the Viewer in Gallery Photos Speaks Out

A satirical article features an exclusive interview with the fictional archetype "Woman With Her Back to the Viewer in All Those Gallery Photos." She describes her daily routine of posing ambiguously next to artworks, her artistic influences like Caspar David Friedrich, and the challenges of her unseen labor, including a lack of sales commission and the need for side hustles like making herself blurry in photos.

Art Problems: How Do I Get Gallery Representation?

Art Problems: How Do I Get Gallery Representation?

Paddy Johnson, in a Hyperallergic advice column, demystifies the process for artists seeking gallery representation. She explains that galleries primarily seek artists with proven sales records to mitigate their own high financial risks, such as exorbitant rent and operational costs. Johnson advises artists to build this track record independently by selling work themselves or securing spots in low-pressure group shows, then aggressively promoting those exhibitions to demonstrate market potential to dealers.

artists auction palestine charity london eno devlin goldin

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.

freddy gallery church sale

Artist Joshua Abelow is selling the 100-year-old former Methodist church in Harris, New York, that housed his unconventional gallery Freddy from 2016 until last year. Listed at $649,000, the 3,500-square-foot building served as both Abelow's home and studio, hosting over three dozen exhibitions featuring artists such as Rafael Ferrer, Cheryl Donegan, Jörg Immendorff, and emerging talents. Abelow, who moved to Santa Fe with his family, hopes a creative buyer will continue using the space for cultural endeavors. He has since launched a new collaborative venue called Gene & Fred in Santa Fe with Keith J. Varadi's Gene's Dispensery.

purat chang osathanugrah interview

Purat 'Chang' Osathanugrah, a longtime art collector, has taken over the leadership of Dib Bangkok, Thailand's first international contemporary art museum, following the death of his father Petch Osathanugrah in 2023. The museum, housed in a repurposed 75,000-square-foot warehouse in Bangkok's Khlong Toei district, is set to open on December 21. In an interview with Artnet News, Osathanugrah discusses the transition from private collector to institutional steward, recent acquisitions including works by Peihang Benoit and Frederic Anderson, and the museum's mission to make art accessible to the public while honoring his father's legacy.

Andy Warhol | Kiku Flowers (with hardback exhibition book, “edition club” order forms) (1984) | Available for Sale

APC ART has announced the exclusive sale of a rare 1984 Andy Warhol screenprint titled "Kiku Flowers." The work originates from a limited edition of 1,500 produced for a landmark exhibition at the Gendai Hanga Center in Tokyo and is being offered as a comprehensive historical package. The sale includes the original cloth-bound exhibition catalog and primary source documents, such as the original "edition club" order forms used for the Kiku suite.

Warhol / Basquiat: Paintings' Exhibition Poster (30th Anniversary Edition) , 2015

A limited edition 30th-anniversary exhibition poster for the historic Warhol/Basquiat collaboration is currently being offered for sale. The work, an offset lithographic poster published by the Tony Shafrazi Gallery in 2015, commemorates the iconic 1985 exhibition that brought together the king of Pop Art and the rising star of Neo-Expressionism. Signed by the publisher Tony Shafrazi, the piece is part of an edition of 300 and is being shipped from Hong Kong.

CONTEMPORARY ART Day Sale on 6 December at 2pm - Christie's

Christie’s Paris has announced two major contemporary art auctions scheduled for late 2023, consisting of a live sale on December 6 and an online sale running from November 28 to December 8. The auctions feature over 200 lots with a combined global estimate of €8.5 million to €12.3 million, highlighted by two previously unseen paintings by Pierre Soulages and works by Jean Dubuffet and Georges Mathieu. A significant portion of the online sale is dedicated to "A Lifetime Collection," a prestigious private Parisian collection featuring works by David Hockney, Sol LeWitt, and Robert Combas.

Sotheby’s Modern and Contemporary Evening Sale Springs To Life

Sotheby’s Modern and Contemporary Evening Sale in London achieved a robust total of £131 million, more than doubling the results of the previous year's equivalent auction. The event was characterized by a high 98% sell-through rate and was anchored by significant single-owner collections, most notably works from billionaire Joe Lewis. Highlights included a Francis Bacon self-portrait that fetched £16 million and a record-breaking sale for Leon Kossoff, whose "Children’s Swimming Pool, Autumn Afternoon" sold for £5.2 million, nearly four times his previous auction record.

Henry Moore's King and Queen leads Christie's 20th/21st Century London sales

Christie’s London evening sales achieved a combined total of £197.5 million ($263.8 million) on March 5, 2026, representing a 52 percent increase year-on-year. The night was headlined by Henry Moore’s monumental bronze sculpture 'King and Queen', which sold for a record-breaking £26.3 million after an eight-minute bidding war. The event also debuted a new auction rostrum designed by Sir Jony Ive’s creative collective, LoveFrom, marking the house's 260th anniversary.

Is the art market slump over?

Ist die Flaute im Kunstmarkt vorbei?

The New York spring auctions saw explosive top prices, with Jackson Pollock's drip painting "Number 7A" (1948) selling for $181.2 million at Christie's, making it the fourth most expensive artwork ever auctioned. Christie's evening sales alone generated $1.1 billion, including $630.8 million from 16 works from the S.I. Newhouse collection. Sotheby's opened the season with a Mark Rothko from the estate of dealer Robert Mnuchin, achieving $85.8 million, while Phillips sold all 40 lots for $115 million, double the previous year. Younger artists like Joseph Yaeger also saw prices far exceed estimates.

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.