Sold-out Phillips auction in New York brings in $115.2m, more than double 2025 result

Phillips’s marquee spring auction in New York achieved a sold-out result, bringing in $91.73 million hammer ($115.2 million with fees), more than double the equivalent sale from a year ago. The top lot was Andy Warhol’s *Sixteen Jackies* (1964), which sold for $13.5 million ($16.2 million with fees), while a Jackson Pollock drip painting that had failed to sell in a previous auction found a buyer at $7.4 million. Fierce bidding occurred for contemporary works by artists with tightly controlled primary markets, such as Salman Toor, whose *Two Friends* (2020) surpassed its high estimate.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

Malaysia Showcases Recovered 1MDB Artworks, From Picasso to Miró

Four artworks recovered from the 1MDB scandal—by Picasso, Miró, Balthus, and Maurice Utrillo—have gone on public display for the first time at the Malaysian Anti-Corruption Commission headquarters in Putrajaya. The paintings were repatriated from New York after being traced through Sotheby’s and shipped back to Malaysia on April 14. They are part of a broader art trail linked to the massive financial fraud, with Malaysian officials framing the display as an act of restitution rather than an art event.

Nahmad Seeks to Reopen Modigliani Restitution Case With New Witnesses

David Nahmad's lawyers are asking a New York court to reconsider its April 3 decision in the restitution case over Amedeo Modigliani's *Seated Man with a Cane* (1918), which awarded the painting to the estate of dealer Oscar Stettiner. They cite new eyewitness testimony from Frédéric Allain, who recalls a different Modigliani—smaller, darker, and without a seated man or cane—hidden by the Van der Klip family in Paris during World War II, suggesting the wrong painting may have been the focus of the case. The filing also references a 1946 report describing the missing work as a self-portrait and a new catalogue raisonné by Marc Restellini that finds no link between the painting and Stettiner. Mondex, representing Stettiner's heirs, rejects the claims, asserting that *Seated Man with a Cane* bears Stettiner's name and was in the family's possession from 1944 to 1996.

Treasures From Matthew Perry’s Estate Head to Auction for a Good Cause

Heritage Auctions will sell a trove of artifacts from Matthew Perry's estate starting June 5, including scripts and memorabilia from the sitcom *Friends*, artworks by Banksy and Mel Bochner, and personal items like a 3D portrait of his invented superhero "Mattman." Proceeds benefit the Matthew Perry Foundation, a nonprofit focused on ending addiction stigma and expanding access to evidence-based care, founded after the actor's death in 2023.

After His Untimely Death, Rutherford Chang’s Survey Rewrites What a Square Can Do

Rutherford Chang, who died last year at age 45, is the subject of a posthumous survey at UCCA Center for Contemporary Art Beijing titled "Hundreds and Thousands." The exhibition centers on Chang's socially engaged works that explore value, circulation, and systems through the deceptively simple form of the square. His best-known piece, "We Buy White Albums" (2013–25), involved amassing roughly one percent of the first pressing of the Beatles' "White Album," highlighting how objects accrue personal and economic worth through use and history. Other works include melting 10,000 copper pennies into a cube and assembling Wall Street Journal portraits from 2008 into a grid that captures a year of crisis and change.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

The Tabloids Are Fouling Mayor Mamdani Over His Knicks Art. Here’s the Story

Artist Tom Sanford loaned his hand-painted wooden "Knicks Cutout" portraits of legendary New York Knicks players to New York City Hall at the invitation of Mayor Zohran Mamdani, intended to celebrate the team's playoff run. Tabloid media, including the New York Post and New York Times, framed the gesture as a "curse" on the team, suggesting fans blamed the mayor for the Knicks' losses. Sanford defends the artwork as a sincere, community-driven tribute rooted in New York street-corner cutout traditions, not a cheap stunt.

Vancouver Biennale names senior curator for 2027-29 edition

The Vancouver Biennale has appointed Marcello Dantas as senior curator for its 2027-29 edition. Dantas, a Brazilian curator and art director, has worked on major projects including co-curating Desert X AlUla in Saudi Arabia, curating an Es Devlin exhibition in São Paulo, and serving as art director at Sfer Ik in Tulum. He previously contributed to the Vancouver Biennale's 2013-15 edition with a Vik Muniz project. Dantas emphasizes collaboration with local First Nations and community groups, and plans to explore themes of belonging, displacement, and public art that is ephemeral and participatory.

New biography of Chaïm Soutine pieces together illusive artist's life and works

A new biography of Chaïm Soutine, the early 20th-century painter, has been published. The book, written by Celeste Marcus, attempts to piece together the life of the notoriously private and illusive artist, examining his journey from a Belarusian shtetl to the studios of Montparnasse, his complex relationships, and the myths that have grown around his work and persona.

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The Victoria & Albert Museum presents "Schiaparelli: Fashion Becomes Art," the first UK retrospective dedicated to the Italian designer Elsa Schiaparelli. The exhibition highlights her central role within the Parisian avant-garde of the 1930s, showcasing her famous collaborations with artists like Salvador Dalí, Alberto Giacometti, and Meret Oppenheim. By displaying iconic pieces such as the 1938 skeleton dress alongside personal notes and related artworks, the show argues that Schiaparelli was not merely a follower of Surrealism but a primary catalyst for its innovation.

21 Renoirs From the Collection of the Artist’s Muse Hit the Market

Bonhams has announced an online auction titled “A Lasting Impression,” featuring 21 previously unseen or little-known paintings by Pierre-Auguste Renoir. These works originate from the personal collection of Gabrielle Renard, the artist’s longtime muse and his children's nanny, who sat for the Impressionist master nearly 200 times. The sale, scheduled for May 10–20, includes intimate portraits of Renard, landscapes, and a floral still life, with estimates ranging from $220,000 to $700,000.

Marc Restellini’s ‘atom bomb’ of a Modigliani catalogue raisonné is finally published

After nearly three decades of legal disputes and intense research, Marc Restellini has finally published his definitive catalogue raisonné of Amedeo Modigliani’s oil paintings. Released through the Institut Restellini and Yale University Press, the six-volume work utilizes forensic scientific analysis, spectrometry, and archival evidence to authenticate the artist's oeuvre. The publication includes 100 newly authenticated works while excluding 15 previously accepted paintings due to a lack of definitive evidence, marking a shift from connoisseurship to a fact-based methodology.

The Personal Collection of ‘Last Surrealist’ Enrico Donati Heads to Auction

Sotheby’s has announced the sale of the personal art collection of Enrico Donati, often referred to as the 'last Surrealist.' The 45-lot collection, titled "A Night in May," features works amassed by Donati and his wife Adele, including a rare 1909 Cubist portrait by Pablo Picasso, 'Arlequin (Buste),' estimated at $40 million. The auction marks the first time these intimate pieces—many acquired through direct exchanges with friends like Marcel Duchamp and Yves Tanguy—have been offered since the artist's death in 2008 and his wife's passing last year.

Obama Presidential Center Announces Final Cohort of Commissions Ahead of June Opening, Including María Magdalena Campos-Pons, Jeffrey Gibson, Lorna Simpson

The Obama Presidential Center in Chicago has unveiled its final cohort of artist commissions ahead of its scheduled opening in June. This group includes high-profile contemporary artists such as Njideka Akunyili Crosby, Jeffrey Gibson, and Lorna Simpson, who will contribute site-specific works ranging from a multi-layered portrait of the Obamas to a 34-foot stainless steel sculpture by Martin Puryear honoring the late John Lewis. These eight artists join a previously announced roster, bringing the total number of new commissions for the 19.3-acre South Side campus to 30.

Lost Cecil Beaton and Lee Miller Photos Turn Up in Old Scrapbook

A previously unknown scrapbook containing over 150 unseen photographs by Cecil Beaton and Lee Miller has been acquired by the University of Oxford’s Bodleian Library. Compiled between 1943 and 1949 by Roland Haupt, a darkroom assistant who processed film for both photographers during World War II, the album includes rare war reportage, portraits, and personal mementos. Among the highlights is an unpublished alternative shot of Miller in Adolf Hitler’s bathtub and Surrealist-inflected images of the conflict's aftermath.

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The estate of Jewish art dealer Oscar Stettiner has filed a new lawsuit in the New York State Supreme Court against the Nahmad family, seeking the restitution of Amedeo Modigliani’s 1918 painting "Seated Man With a Cane." The suit alleges that the $25 million portrait was looted by the Nazis in Paris and is currently held by the International Art Center, which the plaintiffs claim is a shell company controlled by the Nahmads. This legal action follows a 2012 dismissal of a similar claim by Stettiner’s grandson, Philippe Maestracci, due to a lack of standing.

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.

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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.

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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.

Dark Mode: Inside the Art Market’s Private Auction Playbook

A secret, invitation-only auction for a single Andy Warhol portrait of Brigitte Bardot was held at a private bar in New York on November 19, 2025, during the major public auction week. Organized by the online platform Fair Warning and presided over by former Christie's auctioneer Jussi Pylkkänen, the event attracted elite collectors and resulted in a $16.7 million sale, making it the most expensive Warhol of the season.

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 global art market returned to growth in 2025, reaching $59.6 billion in sales according to the latest Art Basel and UBS Art Market Report. This 4 percent increase ended a two-year decline, driven primarily by a 9 percent surge in public auction sales and a significant revival in high-value transactions for works priced over $10 million. While the United States maintained its dominant 44 percent market share, the recovery was uneven, with the Impressionist and Old Masters sectors seeing major gains while Postwar and Contemporary art continued to cool.

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Sotheby’s London Modern and Contemporary evening sale in March 2026 achieved a robust £130.6 million ($175 million), marking a significant 108.6 percent increase over the previous year's equivalent auction. The event was a "white glove" sale, with all 53 offered lots finding buyers, led by a Francis Bacon self-portrait that fetched £16 million. A notable highlight was a record-breaking £5.2 million sale for Leon Kossoff’s "Children’s Swimming Pool," which sparked a competitive ten-buyer bidding war.

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Former President Donald Trump has requested a new official portrait to replace the one painted by artist Ronald Sherr, which was completed in 2022 and ready for acceptance by the National Portrait Gallery. The White House stated Trump wants a portrait that reflects the full scope of his time in office, including both his 45th and potential 47th terms, as he is currently running for president again.

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U.S. Figure Skating commissioned athlete and artist Sonja Hilmer to create custom, elegant line-drawing portraits of each member of the 2026 Winter Olympic team. The black and gold ink portraits, inspired by Italian fashion drawings, were hung above the skaters' beds in the Olympic Village as a personal touch from home.

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British artist Lincoln Townley has launched a new series titled "Success," which explores the psychology of ambition and achievement through gestural, abstract portraits. The collection, available through his partnership with the Prague-based Eclipse Art Group, expands his market into Eastern Europe, following successful sell-out exhibitions at the London Art Fair 2025 and a planned presentation at the Palazzo Bembo during the 2026 Venice Biennale.

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Artnet News has compiled a selection of artworks created in anticipation of Pope Francis's first visit to the United States. The works include Anthony VanArsdale's portrait for the North American College in Rome, a new addition to the 'Franks' mural at Philadelphia's Dirty Franks bar, a massive photo-realistic mural by Van Hecht-Nielsen overlooking Madison Square Garden in New York, a large-scale mural by Caesar Viveros for the Philadelphia Mural Arts Program, and a controversial, officially licensed portrait by Perry Milou. Other featured pieces include an illustration by Omkar Shivaprasad and a vandalized mural in Bolivia by William Luna and Guillermo Rodriguez.

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Spanish artist Nieves González, born in 1996 and based in Granada, has gained widespread attention for her time-warping portraits of women that blend Old Master influences—such as José de Ribera, Francisco de Zurbarán, and Diego Velázquez—with contemporary details like colorful puffer coats. Her recent commission for the cover of Lily Allen's album *West End Girl* went viral on social media, and she has just opened her debut solo exhibition, “Sacred Hair,” at T293 Gallery in Rome, focusing on the figure of Mary Magdalene as a powerful, autonomous woman.

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Three films by Gerard Malanga, a key figure in Andy Warhol's Factory, have been restored and will premiere in Pittsburgh. The 16mm works, transferred to 4K, include "Film Notebooks, 1964–1970," "The Filmmaker Records a Portion of His Life in the Month of August, 1968," and "Andy Warhol: Portraits of the Artist as a Young Man (1964)."