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Art Lender Accuses Maddox Gallery of Inflating Value of Art Used as Collateral—’Bizarre and Irrational’ Claim, Says Gallery

Luxury Asset Capital (LAC) has filed a civil complaint in the US District Court for the Southern District of New York accusing Maddox Gallery of inflating the value of artworks used as collateral for loans. The dispute stems from a 2023 deal in which Maddox provided substitute collateral—works by Duncan McCormick and Albert Willem—in exchange for a George Condo painting previously held by LAC. LAC alleges that Maddox engaged in a "pump and dump" scheme, artificially bidding up auction prices for McCormick and Willem works to 10–15 times pre-sale estimates, then using those inflated values to justify trades. After the alleged bid-rigging stopped, auction prices fell, and LAC claims it is left with works worth only a fraction of what Maddox represented. Maddox Gallery co-founder Nick Sharp denies the claims as "bizarre and irrational," calling the lawsuit a baseless attempt to unwind a voluntary agreement.

Jackson Pollock painting sells for record $181m at Christie’s in New York

Jackson Pollock's painting *Number 7A, 1948* sold for a record $181.2 million at Christie’s in New York, becoming the fourth most expensive work ever sold at auction. The sale also saw record prices for works by Constantin Brâncuși, Mark Rothko, and Joan Miró, with Brâncuși's bronze head *Danaïde* fetching $107.6 million and Rothko's *No 15 (Two Greens and Red Stripe)* selling for $98.4 million.

Sotheby’s Posts $433 Million Haul, as Trophy Lots Continue to Carry the Market

Sotheby's May 2025 evening auctions in New York generated $433.1 million, a 132.7% increase over the same sales last spring, despite offering fewer lots. The evening featured an 11-lot sale from the collection of the late banker-turned-dealer Robert Mnuchin, which alone brought in $166.3 million, led by Mark Rothko's "Brown and Blacks in Reds" (1957) selling for $85.8 million. The main contemporary art auction, including "The Now" sale, totaled $266.8 million, with over 80% of lots guaranteed. Four works went unsold and one was withdrawn, yielding a 91% sell-through rate.

Was Jeffrey Epstein’s Copy of a Modernist Painting Available for Sale on eBay?

An eBay seller listed a giclée print of Kees van Dongen's painting "Femme Fatale" (ca. 1905), claiming it once hung above Jeffrey Epstein's desk in his Upper East Side townhouse. The listing, titled "Documented by Federal Prosecutors," sought $50,000 and reached $25,000 in bidding before eBay removed it for violating its policies. The print had previously sold at Millea Bros. Auctioneers for $275. The New York Post first reported the listing, which referenced federal documentation of Epstein's art collection.

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.

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.

The Monumental Impact of Indian Miniature Painting

Aicon Art in New York has opened its first exhibition dedicated entirely to Indian miniature painting, titled "Courtly Visions: Indian Miniature Painting." The show features a breadth of works created between roughly 1630 and the early 19th century, showcasing the intricate detail and narrative scenes characteristic of the genre. It aims to highlight the diverse styles and themes that emerged from various royal courts across the Indian subcontinent.

Two Monet Paintings, Unseen for a Century, Resurface at Auction

Two significant paintings by Claude Monet, unseen by the public for over a century, are being offered at auction by Sotheby's Paris. The works, *Les Îles de Port-Villez* (1883) and *Vétheuil, Effet du Matin* (1901), have been held in private collections for 115 and over 100 years respectively, with the former last exhibited in the early 20th century at Paul Durand-Ruel's New York gallery. Their combined estimates make them the most valuable Monet paintings to appear at auction in France since 2001.

us mashal auction basquiat picasso diane arbus 1mdb scandal

The US Marshals Service is auctioning four artworks by Pablo Picasso, Jean-Michel Basquiat, and Diane Arbus that were surrendered to the US Department of Justice in connection with the 1Malaysia Development Berhad (1MDB) scandal. The online-only auction, run by Gaston and Sheehan auction house in Texas, began on July 16 and closes on September 4, with no buyer's premium. The works include Basquiat's *Self Portrait* (1982) and *Red Man One* (1982), Picasso's *Tête de taureau et broc* (1939), and Arbus's *Child with a Toy Hand Grenade* (1962). The pieces were linked to fugitive financier Jho Low and actor Leonardo DiCaprio, who surrendered them after they were located in Switzerland.

mark leckey art school

Artist Mark Leckey piloted a free month-long art course called Music and Video Lab this summer in Redruth, Cornwall, aimed at attracting people aged 18 to 25 who lack access to formal art education. The course, costing £15,000 with support from Arts Council England, was initiated by curator Teresa Gleadowe of CAST and artist Liam Jolly of Auction House, with final works screened at CAST from August 5 through September 3.

rosenfeld gallery miami

Rosenfeld Gallery, founded by Michelle Rosenfeld in New York in 1970, has undergone a significant transformation under the leadership of her son Jason Rosenfeld. In 2020, the gallery relocated from New York to Miami’s Design District, and in 2023 it shifted from a public gallery space to a private operation. The gallery now operates as a leading secondary-market contemporary art purveyor, dealing in works on paper, paintings, sculpture, and editions, with a focus on long-term relationships and bespoke client service.

frida kahlo art missing at casa azul allegations

Hilda Trujillo Soto, the former longtime director of the Museo Frida Kahlo (Casa Azul), has alleged that numerous artworks by Frida Kahlo are missing from the museum's collection and may have been sold at auction in the U.S. to private collectors. In a blog post, she accused the Casa Azul board of ignoring evidence of missing art uncovered during her 18-year tenure, and claimed that the sale or transfer of works from the Diego Rivera inventory would violate both the artist's bequest to the people of Mexico and Mexican law. Several missing works, including the painting *Peoples' Congress for Peace* (1952), which sold for $2.66 million at Sotheby's in 2020, appear to have passed through Mary-Anne Martin Fine Art in New York.

mary tyler moores art collection doyle auctions

Doyle Auctions will sell over 300 lots from the estate of television star Mary Tyler Moore, including memorabilia, contemporary art, and home furnishings. The auction runs in Beverly Hills from May 16 to 20 and in New York on June 4. Highlights include limestone sculptures by Mimmo Paladino, portraits by Peter Max and Al Hirschfeld, photographs by Annie Leibovitz, and jewelry by Paloma Picasso. Moore, who died in 2017, was a pioneering actress and philanthropist.

man indicted stolen andy warhol print vladimir putin fbi

An owner of a pawn shop in Los Angeles, Glenn Steven Bednarsh, has been indicted on federal charges of conspiracy and interstate transportation of stolen goods for allegedly conspiring to sell a stolen Andy Warhol trial proof print of Vladimir Lenin. The print, a unique 1987 screenprint from an edition of 46, was purchased by Bednarsh for $6,000 in February 2021. He then enlisted co-conspirator Brian Alec Light to help sell it through Heritage Auctions. The scheme unraveled when a gallerist identified the work as stolen, leading to FBI involvement. Light has already pleaded guilty, and Bednarsh faces arraignment in the coming weeks.

magritte drawing found ebay auction rago wright

A recently discovered drawing by René Magritte, purchased on eBay for $1,580, will headline Rago/Wright's Post War & Contemporary Art auction on May 21. The untitled work on paper, executed in ballpoint pen, colored pencil, and pencil, depicts oversize chess pieces amid soft clouds—motifs Magritte used throughout his career. It is estimated to sell for between $100,000 and $150,000. The drawing once belonged to Mora Henskens, companion of Magritte's close friend Harry Torczyner, and was acquired directly from the artist's widow, Georgette Berger Magritte, after his death in 1967. It remained in Henskens's collection until 2022, when it sold through a smaller auction house before resurfacing on eBay.

Indian Art In London: Sakshi Gallery Marks 40 Years With Landmark Show By Contemporary Indian Artists This June

Sakshi Gallery, a Mumbai-based gallery founded in 1986 by Geetha Mehra, is presenting a contemporary art show titled 'Unfolding Narratives: Perspectives in Contemporary Indian Art' at London's Mall Galleries from June 30 to July 8, 2026, marking its 40th anniversary. The exhibition features works by six artists—Amit Ambalal, Manjunath Kamath, Ravinder Reddy, Rekha Rodwittiya, Shine Shivan, and Surendran Nair—with several pieces created specifically for the show. It serves as a prelude to a larger institutional exhibition planned for 2027 in London.

Unfolding narratives (...)

Sakshi Gallery is marking its 40th anniversary with an exhibition titled "Unfolding narratives: perspectives in contemporary Indian art" at the Mall Galleries in London, opening June 30, 2026. The show features works by six artists—Amit Ambalal, Manjunath Kamath, Ravinder Reddy, Rekha Rodwittiya, Shine Shivan, and Surendran Nair—who have significantly shaped Indian contemporary art. Many works were created specifically for the exhibition, offering insight into the artists' current directions. The presentation serves as a prelude to a larger institutional exhibition planned for 2027 in London.

KAWS | Along the way (Gray Variant) (2019) | For Sale

APC ART is offering for sale a gray variant of KAWS's iconic figure "Along the Way" (2019), a painted cast vinyl sculpture measuring 10 × 7 1/2 × 3 1/2 inches. The work is a miniature version of the artist's 2013 wooden sculpture, originally exhibited at Mary Boone Gallery in New York. The piece features two of KAWS's signature "Companion" characters leaning on each other for emotional support. The work is brand new, in hand, signed in plate, and includes a certificate of authenticity. It is offered exclusively by APC ART, which ships from the USA.

KAWS | BEAUTIFUL LOSERS EXHIBITION POSTER (2004) | Art & Prints

An auction listing for KAWS's "Beautiful Losers Exhibition Poster" (2004) is featured on a digital marketplace, with bidding having ended. The work is an offset lithograph in color, measuring 17 × 11 inches, published by the Contemporary Arts Center, Cincinnati. The listing includes a detailed biography of KAWS (born Brian Donnelly), highlighting his career from street art subversion in the 1990s to high-profile brand collaborations with Nike, Uniqlo, and Dior, and his record auction sale of $14.8 million at Sotheby's in 2019.

Richmond exhibitions to check out as art comes into bloom

A guide highlights several art exhibitions and events opening across Richmond, Virginia, this spring. It lists shows at the Virginia Museum of Fine Arts (VMFA), Southside Contemporary Art Gallery, Gallery5, the Visual Arts Center of Richmond (VisArts), Anne's Vital Art Studio Gallery, and Quirk Gallery, covering a range from historical prints and portraiture to contemporary emerging artists, activist art, and an annual auction.

KAWS | The Nature of Need (2012) | Available for Sale

The Brooklyn-based artist KAWS has listed an offset lithograph titled 'The Nature of Need' (2012) for sale through Kumi Contemporary. The work, priced at £350, features the artist's signature synthesis of pop culture animation and street art aesthetics, presented as an unsigned edition on smooth paper.

Work by Group of Seven's to be featured at Contemporary Calgary's LOOK2026

Contemporary Calgary has announced the details for its upcoming LOOK2026 auction fundraiser, featuring a prestigious selection of works by Canadian masters and contemporary stars. The auction will include pieces by Group of Seven member L.L. FitzGerald, Maxwell Bates, and Chris Cran, alongside contemporary works by artists such as Kablusiak. The event was bolstered by a significant contribution from Calgary-based philanthropist and collector John Lacey, who reached out to CEO David Leinster to support the institution's mission.

Important private collections feature in Strauss & Co March sales of modern and contemporary

Strauss & Co has announced its upcoming Evening Sale of Modern and Contemporary Art scheduled for March 24, 2026. The auction features 96 lots, headlined by significant private consignments including the Stan and Li Boiskin Art Collection and the Patricia Fine Art Collection. High-value works from South African masters such as Irma Stern, J. H. Pierneef, and Gerard Sekoto will lead the sale alongside a robust selection of contemporary pieces by artists like William Kentridge and Mary Sibande.

Late British artist Lynn Chadwick to be focus of major retrospective at UK’s Houghton Hall

The late British sculptor Lynn Chadwick will be the subject of a major retrospective at Houghton Hall in Norfolk, running from May to October. Organized by Pangolin London, the exhibition features 30 works spanning four decades, including his signature kinetic sculptures and iconic "couples" figures, with several pieces coming directly from the artist's estate.

NEXT in the Gallery: March art is NFL photography, Empty Bowls and a giant egg

Pittsburgh’s art scene is set for a diverse series of openings this March, ranging from historical sports photography to contemporary textile art. Highlights include Michael Zagaris’s 60-year retrospective of NFL photography at the Western Pennsylvania Sports Museum, the first U.S. solo exhibition for English photographer Ajamu X at Silver Eye Center for Photography, and solo shows by Nicole Renee Ryan and Abby Franzen-Sheehan. The month also features collaborative exhibitions like "What We Carry," which pairs Penny Mateer’s political quilts with Dante Campudoni’s psychological paintings.

India’s art market sees major resurgence in 2025; M F Hussain’s work breaks record

India's art market experienced a major resurgence in 2025, driven by record auction sales for modernists like M.F. Husain, Tyeb Mehta, and V.S. Gaitonde. Husain's 'Gram Yatra' became the first Indian painting to sell for over USD 10 million, setting a new benchmark. The boom is fueled by India's strong economy, rising private wealth, digital platforms, and increased global recognition. The India Art Fair in Delhi and the launch of India Art Fair Contemporary in Mumbai highlighted strong sales, with galleries selling 90% of their stands on preview day. A reduction in India's goods and services tax on art from 12% to 5% further boosted the market, while independent reports estimate Indian art auctions reached Rs 2,456.7 crore, up over 20% from the previous year.

Working as an Artist in Hong Kong (Michelle Fung)

Michelle Fung reflects on the realities of working as an artist in Hong Kong, dispelling the romantic myth of the bohemian artist. She describes the city's high cost of living, lack of affordable studio space, and the need for artists to take on multiple jobs—from teaching to selling secondhand handbags—to survive. Fung notes that while Hong Kong offers a vibrant art scene with over 70 galleries and a dozen museums, most artists cannot rely on gallery sales alone. She also critiques the Hong Kong Arts Development Council's grant system, which covers project expenses but provides minimal artist fees, contrasting it with more generous systems in Canada and the Netherlands.

Artworks That Give Back. Our Selection of 10 Artists at the Artis Arundo Spotlight.

The article highlights the Artis Arundo Spotlight, a chapter of the TOP CHARITY Art exhibition in Warsaw, featuring 10 contemporary artists including Helena Stiasny, Courage Hunke, Aleksandra Liput, and Zuzanna Szary. Their works are available in an online charity auction until June 8, 2025, with proceeds supporting artist grants, residencies, and project funding. The exhibition, held at the King John III Palace Museum in Wilanów, also includes a preview of the OmenaArt Foundation's African art collection, a Sculpture Garden with Opera Gallery, and a tribute to Amedeo Modigliani's Tête de Cariatide.

14 artists having major museum moments in 2026

The article previews 14 artists who will have major museum exhibitions in 2026, highlighting key shows such as a long-awaited US retrospective of Marcel Duchamp, a Calder exhibition in Paris, and a Rothko show in Florence. It also details concurrent auction highlights at Christie's New York, including works from the S.I. Newhouse collection by Brancusi, Lichtenstein, Matisse, and Pollock. Specific exhibitions covered include "Krasner and Pollock: Past Continuous" at the Metropolitan Museum of Art, a Roy Lichtenstein retrospective at the Whitney Museum, and multiple European shows for Constantin Brancusi's 150th anniversary.

KAWS | Untitled (KAWS X Mocad) (2019)

Bidding has concluded for KAWS's 2019 screenprint, *Untitled (KAWS X Mocad)*, a limited-edition work produced for the artist's solo exhibition "Alone Again" at the Museum of Contemporary Art Detroit. The work was offered through Palm Beach Modern Auctions, with detailed condition reports and terms available to prospective bidders.