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An Auction Without Bidding: Loïc Gouzer’s Latest Bet on How to Sell Art

Loïc Gouzer's auction app Fair Warning is launching a new sales format called "No Warning." The system eliminates bidding wars; a work is listed with a price, and buyers can either purchase it immediately or submit a single, binding offer. The highest offer is presented to the seller, who decides to accept or reject it, with no public record of the sale unless disclosed by the parties. The first test of the format is a 1999 Elizabeth Peyton watercolor priced at $400,000.

Restored Victorian greenhouse links Brooklyn's Green-Wood Cemetery to its living neighbours

Brooklyn’s historic Green-Wood Cemetery has unveiled the 'Green-House,' a $34m welcome and education center centered around a meticulously restored 1895 Victorian cast-iron greenhouse. Designed by Architecture Research Office (ARO), the facility includes classrooms, research archives, and dedicated gallery spaces. The project transforms a formerly dilapidated commercial florist shop into a modern gateway that connects the 478-acre National Historic Landmark to its surrounding urban neighborhood.

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

Local Resort Reportedly Pays $45 M. for Rauschenberg’s Famed Captiva Island Property

South Seas, a resort on Florida's Captiva Island, has purchased Robert Rauschenberg's 22-acre property, including his studio and beachfront, for $45 million. The Robert Rauschenberg Foundation sold the estate, citing unsustainable maintenance costs and the need to focus on its core mission, despite the property having survived Hurricane Ian.

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The Penn Museum at the University of Pennsylvania is courting controversy by consigning a major 1891 painting by Ottoman artist Osman Hamdi Bey, titled "At the Mosque Door," to Bonhams London with an estimate of $2.7–$4 million. Although the museum purchased the work directly from the artist in 1895, it was never formally accessioned into the collection, allowing the institution to bypass strict industry regulations that typically prohibit using art sale proceeds for anything other than new acquisitions or collection care. The museum intends to use the funds to establish a permanent endowment for the long-term maintenance of its vast archaeological holdings.

The rise and fall of ‘buy-one, give-one’ art sales

A once-common sales tactic in the contemporary art market, known as "buy-one, give-one" or "bogo," has significantly declined. Under this arrangement, collectors gained preferential access to in-demand artists' paintings by agreeing to purchase two works and donating one to a museum. The practice peaked from 2021 to 2023, with institutions like the Metropolitan Museum of Art and the Institute of Contemporary Art, Miami, acquiring works this way.

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Charlotte Meyer discovered a folder containing 35 original Rembrandt etchings while organizing her family home in Zutphen, Netherlands, during the COVID-19 pandemic. Inherited from her grandfather, who purchased them for a nominal sum in the early 20th century, the works were authenticated by the Rembrandt House Museum in Amsterdam after being stored in a drawer for decades.

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Three major artworks from the collection of the late philanthropist and collector Agnes Gund will be offered at Christie's marquee May sales in New York. The lots include Mark Rothko's 'No. 15 (Two Greens and Red Stripe)' (estimated around $80 million), Cy Twombly's 1961 'Untitled' (estimated $40-60 million), and Joseph Cornell's 'Untitled (Medici Princess)' (estimated $3-5 million), all being sold on the secondary market for the first time.

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Newly released documents from the Jeffrey Epstein investigation reveal that billionaire art collectors and Museum of Modern Art trustees Leon Black and Ronald Lauder have co-owned several major artworks for decades. The files, made public by the U.S. Department of Justice, confirm long-standing rumors of their joint acquisitions, including a Max Beckmann self-portrait and two Ernst Ludwig Kirchner works, purchased for a total of $31.6 million and later appraised at $93.5 million.

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Brendan and Celia Wilson are selling Rossett Mill, a Grade II-listed 16th-century water mill in Wrexham, Wales, for £1.5 million ($2 million). The couple purchased the derelict property 17 years ago for £660,000 and spent two years and roughly £250,000 restoring it into a four-bedroom home, sourcing reclaimed oak beams from France and preserving its historic character. The mill, which dates to 1588, once inspired an early painting by J.M.W. Turner titled *Marford Mill* (1795), created during one of his tours of Wales. The Wilsons are selling to move closer to their children.

art gallery of ontario trustee nan goldin work israel gaza 1234770937

A trustee at the Art Gallery of Ontario (AGO), Judy Schulich, advised the museum's acquisitions committee not to acquire a Nan Goldin video installation, *Stendhal Syndrome* (2024), due to Goldin's pro-Palestine statements and criticism of Israel's war in Gaza. The AGO had planned to purchase the work jointly with the Vancouver Art Gallery and the Walker Art Center, but the AGO withdrew after internal concerns were raised. The controversy led to the resignation of two committee members and one curator, and the museum promised a review of its acquisition process.

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The Art Gallery of Ontario (AGO) chose not to acquire Nan Goldin's 2024 video "Stendhal Syndrome" due to the artist's comments on Israel's war in Gaza, according to a report by the Globe and Mail. The work, which shows blurred images of semi-nude figures and sculptures, was instead purchased by the Vancouver Art Gallery and the Walker Art Center in Minneapolis. An AGO acquisitions committee voted against the acquisition, with internal memos citing Goldin's past statements—including her description of the war as a "genocide" and her criticism of weaponized antisemitism—as the reason. The decision led to the resignation of curator John Zeppetelli and two unnamed committee members, and prompted director Stephan Jost to call for a review of the committee's processes.

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Belgian art dealer Klaas Muller purchased a painting at an online auction three years ago, identified only as a study by an unknown artist of the Flemish school. After research, he discovered the work is likely a rediscovered study by Peter Paul Rubens (circa 1609), featuring a hidden second image of a woman's face visible when the painting is turned upside down. The work will debut at the BRAFA art fair in Brussels, where Muller serves as chairman.

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Belgian art dealer Klaas Muller has identified a previously unattributed oil-on-paper study as a work by Flemish master Peter Paul Rubens, titled "Bearded old man, looking down to his left" (ca. 1609). Muller purchased the piece for under €100,000 at a lesser-known northern European auction house three years ago, where it was listed as an unknown artist from the "Flemish school." After recognizing the bearded figure as Saint Thomas from Rubens's "Apostolado Lerma" series at the Prado, Muller commissioned research from art historian Ben van Beneden, former director of Rubenshuis, who confirmed the work's exceptional quality and likely attribution to Rubens. The study also features a ghostly woman's face visible when turned upside down, reflecting Rubens's playful reuse of materials.

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The Palace of Versailles has agreed to reexamine the provenance of a Jacques-Louis David sketchbook from 1790 after a Radio France investigation revealed it was looted by the Nazis during World War II. The sketchbook was stolen from Professor Lereboullet in July 1940, sold by Munich's Karl and Faber gallery in 1943, then acquired by dealer Otto Wertheimer before being purchased by Versailles in 1951. The museum claims it was unaware of the theft, and France's ministry of culture has promised further research and discussions with the descendants.

christina vassallo leaving contemporary arts center cincinnati pew center for arts heritage 1234765935

Christina Vassallo is leaving her role as director of the Contemporary Arts Center (CAC) in Cincinnati, Ohio, effective January 2, 2026, to become the new director of the Pew Center for Arts & Heritage in Philadelphia starting January 5, 2026. Vassallo, who joined the CAC in 2023, oversaw exhibitions including a group show celebrating the 20th anniversary of Zaha Hadid's first completed US building, as well as solo shows by Vivian Browne, Marcus Leslie Singleton, and Sheida Soleimani. Prior to the CAC, she served as executive director of the Fabric Workshop and Museum in Philadelphia, Spaces in Cleveland, and Flux Factory in New York.

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Mega-gallery Hauser & Wirth is acquiring the historic Palazzo Forcella De Sata in Palermo, Sicily, as confirmed by president and cofounder Iwan Wirth. The property, a 19th-century eclectic architectural landmark that hosted Manifesta 12 in 2018, was purchased in mid-November, though Sicilian authorities and Italy’s Ministry of Culture have a two-month window to preempt the sale due to historical monument restrictions. The gallery plans to use the main floor as exhibition space, with renovations potentially completed by 2030.

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A 1977 Andy Warhol portrait of Muhammad Ali, priced at $18 million, will be the centerpiece of Lévy Gorvy Dayan's booth at Art Basel Miami Beach. The 40-inch acrylic and silkscreen canvas, featuring a royal purple background, was previously purchased for $18.1 million at Christie's in 2021. The work is part of a series of 10 Warhol portraits of sports stars commissioned by collector Richard L. Weisman, and is autographed on the back by Ali.

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A rediscovered Renoir painting, *L'enfant et ses jouets – Gabrielle et le fils de l'artiste, Jean* (created before 1910), sold for over €1.8 million ($2 million) at Hôtel Drouot in Paris on November 25. The intimate portrait of Renoir's young son Jean with his nursemaid Gabrielle had remained in the same private collection for over a century, never before published or exhibited. It was offered by auctioneer Christophe Joron-Derem in the "Tableaux Modernes" sale and purchased by an international buyer, with the hammer price of €1.45 million falling within the presale estimate.

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Phillips’s Modern and Contemporary art evening sale in New York on Wednesday achieved $67.3 million, a 24.4% increase over last year’s total but far below the $154.6 million record set in 2023. The 33-lot sale landed at the top end of its pre-sale estimate, with Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967) selling for $16 million as the top lot. Notably, the auction included dinosaur bones for the first time—a juvenile triceratops skeleton nicknamed Cera—which proved a lucrative draw, while a painting by rising British artist Jadé Fadojutimi and a gold nugget called “The Thunderbolt” both failed to sell. Only one new artist record was set, for Firelei Báez at $645,000.

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A new experimental space called Padimai Art & Tech Studio will open in November 2025 at Tanjong Pagar Distripark in Singapore. The launch features a VR work by artist Olafur Eliasson titled "Your view matter" (2022/25), commissioned by the studio's founder, technologist and collector Vignesh Sundaresan (also known as Metakovan). Sundaresan made headlines in 2021 with his record-breaking $69.3 million purchase of Beeple's "Everydays: The First 5000 Days." The work guides participants through six geometric virtual environments, with each visitor's trajectory and point of view recorded as a unique data file stored in a blockchain-based archive.

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A four-panel suite of paintings by Norman Rockwell, titled *So You Want to See The President!* (1943), sold for $7.2 million at Heritage Auctions on November 14. The work, which hung in the White House for decades, was bought by the White House Historical Association, marking its most expensive acquisition to date. The sale followed a bitter ownership dispute among descendants of the original commissioner, President Franklin D. Roosevelt's press secretary Stephen T. Early, with a federal judge ruling in favor of the current owner, William Elam, in 2023.

metallica kirk hammett conan frank frazetta 1234761649

Metallica guitarist Kirk Hammett is auctioning Frank Frazetta's painting *Conan the Berserker* (1967), which he purchased directly from the artist for $1 million in 2009. The work, originally used as cover art for a paperback edition of Robert E. Howard's novel *Conan the Conqueror*, will be offered in Heritage Auctions' “Hollywood/Entertainment Signature Auction” on December 9–10, with bidding starting at $10 million. The sale follows a record-breaking Frazetta auction in September, when his oil painting *Man Ape* (1966) sold for $13.5 million.

joel shapiro ellen phelan lennox hill home sale 4 75 million 1234758379

The Manhattan duplex of the late sculptor Joel Shapiro and his wife, painter Ellen Phelan, has been listed for $4.75 million. Located in a 1907 Lenox Hill building on East 67th Street, the home was purchased in the early 2000s and renovated with beveled glass doors, brass hardware, and a sculptural staircase. The listing is held by Eileen Angelo and Max Collins of Sotheby’s International Realty. The couple also owned a lakeside estate in Westport, New York, called Kenjockety, which is also on the market, reduced from $5.49 million to $4.8 million.

frank lloyd wright kalil house national historic places 1234757302

Frank Lloyd Wright's Kalil House, a 1957 Usonian Automatic home in Manchester, New Hampshire, has been added to the National Register of Historic Places. Commissioned by Dr. Toufic and Mildred Kalil, the house was built using 2,580 concrete blocks and retains nearly all of its original Wright-designed furnishings. It is one of only seven such Usonian Automatic homes ever constructed and was purchased by the Currier Museum of Art in 2019.

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Four works by Francis Bacon and Auguste Rodin will headline Sotheby’s Frieze Week contemporary evening auction in London on October 16. The lots include Bacon’s paintings *Portrait of a Dwarf* (estimated up to £9 million) and *Study for Self-Portrait* (up to £6 million), alongside Rodin’s final bronze iterations of *Pierre de Wissant* and *Jean de Fiennes* (each estimated at £600,000–£900,000). The works come from an important private collection, with the Bacons acquired directly from the artist and held for over 40 years, and the Rodins purchased from the Musée Rodin. Sotheby’s shared previously unpublished audio featuring art historian Eddy Batache, a close friend of Bacon, who noted that *Portrait of a Dwarf* is the only painting Bacon ever kept for himself.

solange art book library saint heron 1234754336

Solange has launched the Saint Heron Community Library, a new initiative making rare and out-of-print art books available to the public for free borrowing. The digital library, run through her Saint Heron platform, includes exhibition catalogs for artists such as Barbara Chase-Riboud, Henry Ossawa Tanner, Martin Puryear, Gary Simmons, and Pope.L, as well as texts like Cedric Dover's 1960 book *American Negro Art*. Books are loaned for 45 days, though most are already checked out. The collection also features works by Black thinkers and writers including Audre Lorde, Ntozake Shange, Octavia Butler, and Wanda Coleman.

aspen art museum redefining future 1234753597

The Aspen Art Museum is undergoing a strategic shift under director Nicola Lees, moving away from its reputation as a collector's clubhouse toward becoming a global institution. The museum's annual ArtCrush gala and fundraiser week, once centered on wealth-displaying collector home visits and glitzy parties, now emphasizes intellectual programming like the inaugural AIR festival, a $20 million artist-led interdisciplinary initiative featuring talks by Werner Herzog and Hans Ulrich Obrist. This change comes amid soaring local real estate prices, including a $108 million home co-purchased by Steve Wynn and Thomas Peterffy, and contrasts the area's deep pockets with the museum's free admission since 2008.

roberta smith interviews larry gagosian 1234753471

Roberta Smith, the former New York Times co-chief art critic, interviews Larry Gagosian, the world's most famous art dealer, for Numero magazine. The conversation covers Gagosian's hands-on management of his 18 galleries, his admission of mistakes in closing locations in San Francisco and Geneva, and his view of his galleries as tryout spaces akin to off-Broadway. Gagosian shares anecdotes about his first Picasso purchase at Sotheby's for $900,000 (now worth $40 million), his early shows featuring David Salle and Warhol's Oxidation paintings, and his regret over selling Eli Broad's Basquiat skull painting for $80,000. Smith recalls attending Gagosian's first New York show in the 1970s, and the two reflect on their long, distant acquaintance.

john singer sargent paintings 12 15 million 1234753307

Three paintings by John Singer Sargent from the collection of Carol and Terry Wall will be auctioned at Christie’s this fall, with a combined estimate of $12 million to $17 million. The works—Capri (1878), Corner of the Church of San Stae, Venice (1913), and Gondolier’s Siesta (1902-03)—depict Italian scenes and will be part of the 20th century evening sales in New York in November. The collection also includes works by Mary Cassatt, Childe Hassam, Frederick Frieseke, and William Merritt Chase, and will be previewed in Paris, London, and Taipei.