justin sun gave silk road founder ross ulbricht cattelan banana 2651374

At the Bitcoin 2025 conference in Las Vegas, crypto entrepreneur Justin Sun presented Maurizio Cattelan's artwork *Comedian* (2019)—a duct-taped banana that sold for $6.2 million at Sotheby's—to Ross Ulbricht, the founder of the Silk Road online marketplace. Ulbricht, recently pardoned by Donald Trump after receiving a life sentence, accepted the gift and joked about replacing the banana as it perishes. Sun had previously eaten the banana at a press conference in Hong Kong after purchasing it at auction.

damien hirst will keep making artworks after dies 2650250

Damien Hirst, the 59-year-old British artist and one of the world's wealthiest living artists, has revealed a plan to continue creating artworks after his death. In an interview with the London Times, Hirst described a system of 200 notebooks, each representing one year after his demise, which will contain instructions for artworks that collectors can buy the rights to produce. These rights will be tradable certificates, and the works will be signed by his descendants. The scheme allows for back-dating of works, including a sculpture of a pig in formaldehyde conceived in 1991 but never made, which could be fabricated 145 years after his death and dated to 1991. This follows criticism Hirst faced in 2024 for assigning 1990s dates to formaldehyde sculptures actually produced recently, which his company Science Ltd. defended as conceptual artworks dated by conception.

hot lots and top flops 6 artworks that had shocking results at the marquee may auctions 2646787

Artnet News analyzed six standout lots from the marquee May auctions at Christie's and Phillips, highlighting both surprising successes and failures. Among the 'hot lots,' Mark Tansey's study for "The Enunciation" (1992–93) sold for $3.2 million at Christie's—over ten times its low estimate—while Henri Matisse's tiny portrait "Henriette, robe jaune" (1923) fetched $1.4 million, nearly quadrupling expectations. Firelei Báez's "Untitled" (2017) also soared, selling for $381,000 at Phillips, more than triple its high estimate. The article contrasts these with 'top flops,' though the provided text focuses on the successes.

albright pennsylvania college selling art collection 2648020

Albright College in Reading, Pennsylvania, is quietly selling off the Freedman Gallery collection, which includes works by Romare Bearden, Salvador Dalí, Jasper Johns, and Robert Rauschenberg, to address a budget shortfall that recently reached $23 million. Art preparator Rich Houck discovered the storage space emptied without notice and was fired after reporting the move; the college has cut 53 positions, canceled academic majors, and considered selling real estate as part of a broader cost-cutting campaign. Former gallery staff are no longer employed, and major donors were not informed of the sale.

art bites robert rauschenberg erased de kooning drawing 2633307

American Pop artist Robert Rauschenberg created his controversial work *Erased de Kooning Drawing* (1953) by taking a drawing from Abstract Expressionist legend Willem de Kooning and erasing almost all of its marks. Rauschenberg, then 28, had recently returned to New York after studies at Black Mountain College and the Art Students League. He convinced de Kooning to donate a drawing for the project with a bottle of Jack Daniels, and de Kooning insisted it be a work he would miss. The erasing took about a month and wore down roughly 40 erasers. The finished piece, framed in a traditional gilded frame and inscribed by Jasper Johns, is now held by the San Francisco Museum of Modern Art (SFMOMA), which used infrared technology in 2010 to reveal traces of de Kooning's original charcoal-and-pencil figures.

rashid johnson nosedive auction 2644742

Rashid Johnson's mixed media work *Untitled Escape Collage* sold for $292,100 at Phillips's Modern and contemporary art day sale in New York on May 14, falling short of its low estimate and representing a 72 percent loss in value for the consignor, who had purchased it for $816,500 at the same auction house in 2022. The disappointing result coincides with Johnson's solo exhibition at the Guggenheim Museum in New York.

cattelan gold toilet theft businessman sentencing 1234742651

A British businessman, Frederick Doe, has received a 21-month suspended sentence at Oxford Crown Court for his role in the 2019 theft of Maurizio Cattelan's solid-gold toilet artwork "America" (2016), valued at $6 million. The toilet was stolen from Blenheim Palace, a UNESCO World Heritage site and former home of Winston Churchill, where it was installed as part of a Cattelan exhibition. Doe acted as a middleman, convicted of conspiring to transfer criminal property after being recorded offering to sell the 227-pound, 18-karat-gold toilet. Two other men, Michael Jones and James Sheen, were found guilty of planning the theft and are due to be sentenced next month. The gold has never been recovered and is believed to have been broken up and sold.

christies 21st century auction may 2025 marlene dumas 1234742219

Christie's 21st century evening sale on May 14, 2025, generated $96.4 million against a presale low estimate of $79.5 million, with 39 lots offered and a sell-through rate of 90% before withdrawals. The top lot was Jean-Michel Basquiat's 'Baby Boom' (1982), which sold for $23.4 million with fees, consigned by collector Peter M. Brant. Marlene Dumas's 'Miss January' (1997) achieved $13.6 million, setting a new record for the most expensive living female artist, surpassing Jenny Saville's previous record. Other notable sales included Simone Leigh's 'Sentinel' (2020) at $5.7 million, while works by Ellsworth Kelly and Felix Gonzalez-Torres failed to sell.

german photography typologien prada foundation milan richter bechers 1234742353

The Fondazione Prada in Milan is hosting “Typologien,” a survey of 20th-century German photography curated by Suzanne Pfeffer of Frankfurt’s Museum für Moderne Kunst (MMK). The exhibition features works by Karl Blossfeldt, Lotte Jacobi, Hilla Becher, Thomas Struth, Andreas Gursky, Sybille Bergmann, and Candida Höfer, among others, all arranged in dead-on, grid-like typologies. It highlights the formal rules and ethical underpinnings of German photographic traditions, including the influential legacy of Bernd and Hilla Becher and their students from the Düsseldorf Art Academy.

new york frieze auctions 2642395

Frieze New York kicked off at the Shed in Hudson Yards with a notable sale: Jeff Koons's Incredible Hulk sculpture (Tubas) purchased for around $3 million, signaling a reunion between the artist and Gagosian after his departure to Pace in 2021. Despite a cautious market amid President Trump's tariff uncertainties, dealers reported better-than-expected sales on VIP day, with a focus on affordable works in the $50,000-to-$200,000 range. However, challenges emerged including U.S. Customs delays affecting international shipments and tariff confusion that led some fashion designers to withdraw from the Esther II fair.

yayoi kusama georgia okeeffe pen pals 2630108

The article reveals the little-known friendship and correspondence between Japanese artist Yayoi Kusama and American modernist Georgia O'Keeffe. In 1955, a 26-year-old Kusama, inspired by O'Keeffe's work, wrote to her from Japan seeking guidance. O'Keeffe replied within 20 days, offering advice and encouragement, including urging Kusama to move to the United States and show her art widely. Their decades-long correspondence helped Kusama make her career-defining move to America, though the two met only once, in New York, six years after their first exchange.

botticelli virgin and child export bar 2643265

The United Kingdom has imposed a temporary export bar on Sandro Botticelli's painting "The Virgin and Child Enthroned" (c. 1470), valued at £10.2 million ($13.5 million). The work was sold to a foreign buyer at Sotheby's London last fall for £8.6 million, but the export license deferral—recommended by the Reviewing Committee on the Export of Works of Art—gives British institutions until August 8 to express interest in acquiring it. The painting, previously attributed to Botticelli's workshop, was confirmed as an autograph work through new scientific analyses and has been in the private collection of Lady Wantage since 1904.

mondrian christies riggio 2643516

Christie’s marquee auction on Monday night in New York generated $488.8 million in total sales, led by Piet Mondrian’s 1922 painting *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue*, which sold for $47.6 million—just shy of the artist’s $51 million auction record. The sale featured the Leonard & Louise Riggio collection, the largest single collection of the season, comprising 39 works estimated at $252–326 million; after one withdrawal and one unsold lot, the group achieved $271.9 million. Many high-profile lots, including works by Alberto Giacometti, René Magritte, Barbara Hepworth, Gerhard Richter, Mark Rothko, and Andy Warhol, sold on single bids to third-party guarantors, reflecting a cautious market.

phillips nets lean 52 million in new york led by basquiat that david bowie bought for 93000 2644336

Phillips’s Modern and contemporary art evening sale in New York totaled $52 million, a sharp decline from $86.3 million last year. Four lots were withdrawn before the sale, including works by Pablo Picasso and Jasper Johns, and five lots failed to sell, yielding an 86% sell-through rate (78% including withdrawals). The hammer total of $41.8 million fell below the pre-sale low estimate of $52.3 million. Notable sales included a Basquiat piece once owned by David Bowie, which sold for $6.59 million (Bowie bought it in 1995 for $93,400), and a Kiki Kogelnik painting that set a new artist record at $356,000. Five auction records were set overall, including for Ilana Savdie, Olga de Amaral, Grace Hartigan, and James Turrell.

here are the winners of the first art basel awards 2644602

Art Basel has announced the winners of its first-ever Art Basel Awards, a new global honors program recognizing excellence across the contemporary art world. The 36 medalists include artists such as David Hammons, Lubaina Himid, Joan Jonas, and Adrian Piper, as well as patrons, curators, museums, and other art-world figures. The awards were unveiled at a press event in New York, with CEO Noah Horowitz and director Vincenzo de Bellis outlining the structure: medalists will later select 12 gold medalists, with up to six artists receiving $50,000 each and a commission for the 2026 Art Basel fair. The jury includes prominent museum directors and curators from around the world.

marlene dumas record women artist christies sale 1234742355

Marlene Dumas set a new auction record for the most expensive living female artist when her 1997 painting *Miss January* sold for $13.6 million at a Christie’s evening sale. The work, featuring a nude woman with a ghostly white face, was pre-sold with a third-party guarantee. Other women artists also broke personal records that night, including Simone Leigh (sculpture for $5.7 million) and Emma McIntyre (painting for $201,000). However, the top five priciest works of the week were all by men: Claude Monet, Pablo Picasso, Alberto Giacometti, René Magritte, and Piet Mondrian, with Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* selling for $47.6 million.

who was l s lowry british painter auction 2640506

L.S. Lowry's painting *Going to the Mill* (1925) sold for just over £800,000 ($1 million) at Mall Galleries in London on May 2, after being acquired in 1926 for only £10. The sale underscores Lowry's enduring market appeal, though it falls short of his auction record of £5.6 million set in 2011 for *The Football Match*. The article profiles Lowry, a 20th-century British painter known for his bleak industrial cityscapes filled with anonymous figures, and explores why he remains a beloved but often overlooked figure in the art world.

art institute of chicago investigation james rondeau 1234740544

James Rondeau, president and director of the Art Institute of Chicago since 2016, has voluntarily stepped away from his role amid an investigation into an alleged incident on a flight from Chicago to Munich in April. According to a CBS News report citing anonymous sources, police were called after a passenger reportedly stripped off his clothes following consumption of alcohol and prescription medication; sources identified that passenger as Rondeau. The museum confirmed it has opened an independent investigation and that Rondeau is taking time off during the process.

martha stewart joopiter contemporary art sale 2636193

Martha Stewart has curated a contemporary art sale for Joopiter, the auction platform founded by Pharrell Williams. Titled "The Contemporary Take," the auction runs from April 28 through May 6 and features nearly 50 artworks by leading artists, including Amy Sherald, Hank Willis Thomas, Adrian Ghenie, Alex Katz, Damien Hirst, and Lynette Yiadom-Boakye. Stewart handpicked a selection of works for the Spring season, focusing on themes of growth, regeneration, and vitality. The sale marks Joopiter's first auction of contemporary art, following collection sales by Kim Jones, Kid Cudi, and Nigo.

from the studio to the auction block morgan stanley 2202991

This article from Artnet News Pro analyzes how early auction market interest impacts the long-term prospects of contemporary artists, using data from Sotheby's, Christie's, and Phillips. It focuses on two categories: "Ultra-Contemporary" art (artists born 1975–present) and "Postwar and Contemporary" art (artists born 1900–1974). The study examines macro trends over the past 20 years and presents five case studies of living artists whose auction sales peaked at different points. Key findings show that from 2013 to 2021, sales of Ultra-Contemporary art grew by over 700%, from $91.4 million to $739.3 million, while sales for the older cohort peaked in 2014 at $6.95 billion, a modest 16% increase. The number of Ultra-Contemporary lots sold also surged by 250%.

state of the art market trophy lots and the new competitive auction landscape 2347606

The article examines the growing financialization and opacity of the fine-art auction market, highlighting how auction houses like Christie's and Sotheby's have made it increasingly difficult for outsiders to understand true demand for individual lots. It details how buyer's premiums, guarantees, and irrevocable bids (third-party guarantees) obscure the actual bidding dynamics, with only a small group of wealthy financiers and intermediaries having clear insight into the market's inner workings.

emily fisher landeau collection auction fate 2350982

Christie’s and Sotheby’s are competing to secure the estate of Emily Fisher Landau, the noted art collector who died in March at age 102. Her collection, valued between $375 million and $500 million, could become a major highlight of the November evening sales, helping offset a sluggish first half for auction results. The Big Three auction houses have seen a 51 percent drop in total sales year-over-year, with Christie’s and Phillips both reporting significant declines.

sothebys will sell the 500 million collection of the late art patron emily fisher landau the markets most coveted consignment this fall 2361799

Sotheby's has won the consignment of the late Emily Fisher Landau's art collection, valued at approximately $500 million, making it the most anticipated single-collector sale of the fall auction season in New York this November. The star lot is Pablo Picasso's 1932 portrait "Femme à la montre (Woman With a Watch)," estimated to fetch over $120 million, alongside major works by Mark Rothko, Ed Ruscha, Jasper Johns, and Andy Warhol.

jeff koons gagosian for frieze new york 2025 1234740064

Jeff Koons will reunite with Gagosian for a solo presentation at Frieze New York 2025, less than four years after leaving the gallery. The booth will feature three sculptures from his Hulk Elvis series—Hulk (Organ), Hulk (Tubas), and Hulk (Dragon and Turtle)—staged against a custom backdrop from his painting Triple Hulk Elvis III. All works come from Koons's personal collection, and he supervised every aspect of the presentation. The reunion follows a turbulent period: Koons left Gagosian and David Zwirner in 2021 to join Pace Gallery exclusively, but that partnership ended after three years amid reported financial disputes over a Meissen-inspired sculpture project that involved $50–100 million in investor funding.

art institute chicago school pro palestine labor activism 1234738994

Kelly Xi, an artist and lecturer at the School of the Art Institute of Chicago (SAIC), was placed under investigation and administrative leave after using a school photocopier to produce materials for a pro-Palestine student exhibition and sharing an email list for a faculty union petition. The exhibition advocated for divestment from Israel and criticized the school's handling of a protest encampment that led to dozens of arrests in May 2024. The actions were organized by Students for the Liberation of Palestine (SLP), targeting trustee A. Steven Crown, whose family owns a stake in defense contractor General Dynamics and donated to pro-Israel groups.

hans coper ceramic london auction 2633316

A broken flowerpot discovered in a London garden turned out to be a rare Hans Coper ceramic, commissioned by the owner's late mother after she admired his work at an exhibition. The four-foot-tall stoneware vessel, produced in early 1964 and bearing Coper's seal, was offered by Chiswick Auctions with a presale estimate of £6,000–£10,000. Despite significant damage, it sparked a bidding war lasting nearly 10 minutes, ultimately selling to a U.S. bidder for £36,500 ($48,300) hammer price, or £47,800 ($63,250) including fees.

pope visits venice biennale 2477473

Pope Francis became the first pontiff in history to visit the Venice Biennale, touring the Vatican's Holy See pavilion at the 60th edition on April 28, 2024. The exhibition, titled "With My Eyes," was installed inside a women's prison on Giudecca Island and featured works by artists including Maurizio Cattelan, Simone Fattal, and Corita Kent. The pope met with about 80 female inmates, delivered a speech on art's power to address societal ills, and praised the contributions of women artists such as Frida Kahlo and Louise Bourgeois. He also held an open-air mass in St. Mark's Square and spoke with young people at Santa María della Salute.

The Same Dead Thing Alive: Contemporary Archives in L.A. and Beyond

MONUMENTS at MOCA and The Brick

The article reviews the exhibition "MONUMENTS" held at both MOCA (Museum of Contemporary Art, Los Angeles) and The Brick, as covered by Contemporary Art Review LA. The review, written by Qingyuan Deng, appears in Issue 43 (February 2026) of the publication, which also features other reviews, interviews, and essays on topics ranging from olfactory art to tarot and video art.

2026 Carla Art Auction is Live!