A major auction of Apple memorabilia and personal items belonging to Steve Jobs realized $8.1 million. The top lot was the first check ever issued by Apple, signed by founders Steve Jobs and Steve Wozniak in 1976, which sold for $2.4 million. Other significant items included an early Apple-1 prototype board and personal effects from Jobs's childhood home, including his bedroom desk and a collection of bowties.
Canadian artist Nicole Young has joined Vancouver's Kostuik Gallery as its represented artist. Her work, which blends painting and textile collage using reclaimed fabrics and natural pigments, is noted for its minimalist, Color Field-inspired compositions and its focus on sustainable artistic practices.
On a frigid December evening, eleven women artists gathered in the lobby of 125 Maiden Lane in downtown Manhattan to view and discuss Langdon Graves's exhibition "Mental Model," produced by Art in Buildings. The group, called Gossip, is a long-running artist crit collective founded in 2009 by Cranbrook Academy of Art graduates including Jessica Stoller and Kelli Miller, originally named "Get Out" before being renamed by member Virginia Wagner after Silvia Federici's writings on gossip. The group now has about 20 members, including Jenna Gribbon, Erin M. Riley, and Julie Curtiss, and meets regularly in studios and galleries for critical feedback and creative exchange.
Artnet's Price Database reveals signs of recovery at the top end of the art market in 2025, following three years of contraction. The article highlights gains in high-value sales, exemplified by Gustav Klimt's "Bildnis Elisabeth Lederer" pictured at Sotheby's Marquee Sales Series in New York. It also notes a growing trend of small and emerging galleries working with artists' estates, and reports that roughly half of art-backed loans by non-bank businesses defaulted in 2024.
Sotheby's announced that $1 billion worth of fine art and luxury goods will be unveiled during Abu Dhabi Collectors' Week, running from December 2 to 5. The event includes non-selling exhibitions of high-value artworks, such as a Rembrandt drawing and Gustav Klimt's 'Dame mit Fächer,' while luxury items like McLaren racing cars, a Jane Birkin handbag, diamonds, and real estate will be offered at auction or privately, with over $150 million going to auction and $100 million in private sales.
Phillips reported global sales of $927 million for 2025, a 10% increase over the previous year. Auction sales accounted for $725 million, while private sales surged 66% to $202 million. The auction house attributed growth to the launch of Priority Bidding, a platform offering reduced buyer's premiums for early bids, which led to a 275% increase in early selling bids. Phillips achieved an 88% sell-through rate by lot, with seven white-glove auctions and over 110 world auction records. Notable sales included a Patek Philippe watch for $17.6 million and Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) for $16 million. The luxury watch division generated $290 million, its highest annual total, and the Dropshop platform attracted many first-time and younger buyers.
Swiss art dealer Yves Bouvier has filed a motion in federal court in Manhattan to recover 91 artworks valued at an estimated $100 million, which he claims were entrusted to French dealer Pascal de Sarthe. Bouvier is seeking to compel at least 15 banks and two major auction houses—Sotheby's and Christie's—to provide information about the artworks' whereabouts. The legal action, initiated in Hong Kong in October, targets de Sarthe, who disputes Bouvier's ownership. Bouvier alleges that after his long-running legal battle with Russian billionaire Dmitry Rybolovlev, he was blacklisted by auction houses and entered into an oral agreement with de Sarthe and dealer Jean Marc Peretti for custody of the artworks, but de Sarthe has allegedly failed to respond to inquiries. A Hong Kong hearing was held in early October for orders including injunction and preservation.
Christie’s announced a single-owner sale titled “Visions of the West” featuring artworks from the collection of billionaire Bill Koch, to be held over two sessions on January 20 and January 21. The sale includes dozens of works by artists who depicted the American West and frontier, such as Frederic Remington, Charles Marion Russell, and Albert Bierstadt, with highlights including Remington’s painting *Coming to the Call* (estimated $6–$8 million) and Russell’s *The Sun Worshippers* ($4–$6 million). Koch, 85, is the lesser-known of the four Koch brothers and an avid art collector, who also recently sold part of his wine collection through Christie’s.
François-Xavier Lalanne’s copper sculpture-bar 'Hippopotame Bar' sold for $31.4 million at Sotheby’s in New York, more than tripling its $7–10 million estimate after a 26-minute bidding war among seven bidders. The work, commissioned in 1976 by patron Anne Schlumberger and unique in its copper execution, set a new auction record for the artist and became the most expensive work of design ever sold at auction. The sale capped a year of strong performance for Lalanne’s hybrid animal-furniture works, which have consistently outperformed expectations even in a tougher art market.
Artnet News analyzed the 10 most expensive lots sold at auction in 2024, drawing on the Artnet Price Database. The top lot was René Magritte's *L'Empire de Lumières* (1954), which sold for $121.2 million at Christie's New York in November, setting a new auction record for the artist and becoming the only work to break nine figures this year. Other notable sales included Ed Ruscha's *Standard Station, Ten-Cent Western Being Torn in Half* (1964) at $68.3 million, Claude Monet's *Nymphéas* (1914–17) at $65.5 million, and Jean-Michel Basquiat's *Untitled (ELMAR)* (1982) at $46.4 million. Seven of the top 10 lots sold in New York, with Hong Kong, London, and Vienna also represented.
Collector Charles Cahn has filed a lawsuit against Sotheby’s in New York Supreme Court, alleging the auction house reneged on a buy-back agreement made in 2016 regarding a Modigliani portrait he purchased in 2003. Cahn paid $1.55 million for *Portrait de Leopold Zborowski* at a Sotheby’s Impressionist and modern sale, and later agreed to consign the work back to Sotheby’s if he sold it within 15 years, with the house guaranteeing the greater of the original price plus 2.5% annual compound interest or the future sale price, and waiving vendor fees. However, Cahn claims that in April 2016, Sotheby’s own appraisal questioned the painting’s authenticity, stating it failed certain criteria and would have no sale value in the international art market. Despite Cahn’s letters in June and September 2024, Sotheby’s has not responded, leading to the breach-of-contract claim seeking at least $2.7 million in damages.
A painting in Japan's Tokushima Modern Art Museum, originally attributed to French Cubist Jean Metzinger and purchased in 1999 for 67.2 million yen ($426,000), has been confirmed as a forgery by notorious German forger Wolfgang Beltracchi. The museum withdrew the work, titled *At the Cycle-Race Track 55*, from an upcoming exhibition after experts identified synthetic pigments from after the mid-20th century. The Osaka-based seller agreed to a refund and return, completed in October and November 2024, and the painting has been removed from the prefectural government's inventory.
Collector Charles C. Cahn, Jr. has filed a lawsuit against Sotheby’s in the Supreme Court of the State of New York, alleging the auction house refuses to resell a painting attributed to Amedeo Modigliani that he purchased in 2003 for $1.55 million. The work, titled *Portrait de Leopold Zborowski* (1917), was consigned under a 2016 agreement allowing Cahn to resell it within 15 years, but Cahn claims Sotheby’s raised authenticity concerns and failed to respond to his recent attempts to consign the piece. He is seeking $2.67 million in damages.
Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.
The Panama Papers leak has revealed that the 1997 sale of the Victor and Sally Ganz collection at Christie's New York was secretly orchestrated by billionaire currency trader Joseph Lewis. Lewis had already purchased the top works from the collection through a Christie's subsidiary, Spink & Son, months before the auction, and structured a guarantee that shared profits above $168 million. The sale, which set a private collection auction record at $206 million, included Pablo Picasso's "Women of Algiers (version O)" fetching $31.9 million. The documents also confirm that a Modigliani painting involved in a Nazi restitution case belongs to the Nahmad family.
Two French parliamentarians, Jean-Paul Matteï and Philippe Juvin, have proposed a new tax regime on art as part of France's 2026 budget, which would make France the only major art market to impose a wealth tax on the mere possession of artworks. The French art world has strongly opposed the proposal, with 27 signatories including Art Basel, auctioneer Drouot, visual artists' rights organization ADAGP, the Association for the International Diffusion of French Art (ADIAF), and the Comité Professionel des Galeries d’Art (CPGA). Critics argue the tax is technically unenforceable, would drive collectors away, and harm the broader art ecosystem.
Private Client Select (PCS), an insurance partner for serious art collectors, highlights the growing complexity of protecting fine art and collectibles. The article details unusual but real claims—such as a conceptual artwork mistaken for trash, a fiber work unraveled by a cat, or a sculpture damaged by a housekeeper—alongside more common risks like climate damage, transit mishaps, and theft. PCS's Art Services team, led by Senior Vice President Muys Snijders, offers proactive risk management, coordinating conservators, appraisers, and storage solutions. Emerging threats include climate change (wildfires, floods), social media exposure, financial complexities (tariffs, collateral lending), and material degradation of contemporary works using nontraditional materials.
Christie’s will offer Gerrit Dou’s "The Flute Player" (ca. 1636) as the leading lot in its Old Masters Evening Sale on December 2 in London. The painting, Dou’s first depiction of a musician, carries an estimate of £2 million to £3 million ($2.6 million–$4 million). It has been in an English collection for 125 years, previously owned by William Proby, Fifth Earl of Carysfort, and is appearing on the market for the first time in over a century.
Sara Friedlander has been named chairman of Post-War & Contemporary Art for the Americas at Christie's. In an interview, she discusses her philosophy of prioritizing client relationships and the art itself over market speculation, criticizing the trend of 'wet paint' sales that inflate young artists' prices. She has overseen major private collection sales including the Edlis | Neeson Collection, which will anchor Christie's 21st Century Sale, and has set records for artists like Ernie Barnes and Joan Mitchell.
A Salvador Dalí-designed necklace, the Swirling Sea Necklace, sold for €736,600 ($858,500) at Sotheby's 'Surrealism and Its Legacy' auction on October 24, doubling its pre-sale estimate. The 18-karat gold piece, inlaid with diamonds, a cultured pearl, and sapphire and emerald beads, was conceived by Dalí in 1954 and first owned by São Schlumberger, a frequent patron of the artist. The necklace had previously sold at Sotheby's in 2014 for $665,000 to Anne Schlumberger, who died in April, prompting its return to auction.
A Canaletto painting titled *Venice, the Bucintoro at the Molo on Ascension Day* (ca. 1754) will lead Christie’s Old Masters sale in New York this February 2026, with an estimate of over $30 million. The monumental canvas, commissioned by the King family (later Earls of Lovelace), is the last known version of this subject by the artist. It last sold at Christie’s 20 years ago during the Champalimaud Collection sale, setting a record. The work will tour exhibitions in New York, Hong Kong, and London before returning to New York for a pre-sale exhibition.
Sotheby's Paris achieved record-breaking totals for surrealist and modern art auctions during Art Basel Paris week, with combined sales of €89.7 million ($104 million) across its Surrealism and Its Legacy and Modernités sales—a 50 percent increase over the same event last year. The top lot was Amedeo Modigliani's *Elvire en buste* (1918-1919), which sold for €27 million ($31.3 million), the highest auction price for a painting by the Italian artist in France and the most valuable work ever sold by Sotheby's Paris. Other highlights included Modigliani's *Raymond* (1915) at €10.6 million, René Magritte's *La Magie Noire* (1934) at €10.7 million, and a complete set of Pablo Picasso's *Séries 347* etchings, which set a French auction record for any print by the artist.
The Museum of Sex in Miami’s Allapattah neighborhood has opened “Hard Art: Unruly Selections from the Beth Rudin DeWoody Collection,” an exhibition of erotic artworks from the collection of ARTnews Top 200 collector Beth Rudin DeWoody. The show features sculptures, paintings, collages, photography, and installations from the 1930s to the present by artists including Judith Bernstein, Cecily Brown, Nancy Grossman, and Jimmy DeSana. It is co-curated by Maynard Monrow and Laura Dvorkin, DeWoody’s in-house curators, and runs through May 2026.
Kiran Nadar, a prominent Indian collector, revealed she purchased M.F. Husain's 1954 painting *Untitled (Gram Yatra)* for $13.8 million at Christie's New York, making it the most expensive work of Indian modern art ever sold at auction. The painting, estimated at $2.5–3.5 million, was originally owned by Norwegian surgeon Leon Elias Volodarsky and later donated to Oslo University Hospital, which consigned it after a 13-year deaccessioning process.
Indian officials have released a charge sheet in an ongoing investigation into the sale of forged paintings attributed to major modern Indian artists M. F. Husain, S. H. Raza, Manjit Bawa, and F. N. Souza. The alleged scheme involved a poor farmer, Raghavendra Parmar, who posed as a maharaja to sell fake works, aided by lawyer Vishwang Desai, who presented himself as a collector to persuade investment banker Puneet Bhatia to purchase the pieces. The paintings, collectively valued at around ₹17.9 crore ($2 million), were allegedly funneled through Mumbai's Rare Art Gallery, run by Rajesh Rajpal, and the related firm Art India International. A former IAS officer, Subroto Banerjee, is also implicated but denies involvement.
A federal judge has denied a motion to dismiss music producer and art collector Kasseem Dean, known as Swizz Beatz, from a bankruptcy case tied to the 1MDB scandal. Dean and his two companies, Monza Studios and Swizz Beatz Productions, were named as defendants in a suit filed in October 2024 by joint liquidators Angela Barkhouse and Toni Shukla, seeking to recover $7.3 million allegedly transferred to Dean from entities controlled by Jho Low, the mastermind of the $7.65 billion 1MDB fraud. Judge Naomi Reice Buchwald ruled that the plaintiffs' claims are not time-barred, that they have standing, and that sufficient facts have been pleaded to proceed to discovery.
The family behind the Fiat empire, the Agnellis, is under a new investigation into missing artworks and forgeries, as reported by the Times of London. Italian investigators are focusing on 13 works by artists including John Singer Sargent, Pablo Picasso, and Francis Bacon, allegedly missing from the collection founded by Giovanni Agnelli and expanded by his grandson Gianni, who died in 2003. Margherita Agnelli de Pahlen, Gianni’s daughter, claims she is being cheated out of her inheritance by Marella’s children from a previous marriage. Shippers reportedly brought copies of the works to the family’s Rome residence between 2016 and 2018, and Carabinieri are seeking information on the originals.
The Trump administration has escalated its attacks on billionaire philanthropist George Soros, with the Justice Department calling for an investigation into his Open Society Foundations. The foundations, which provide substantial grants to artists and human rights organizations globally, are accused of potential racketeering, wire fraud, and material support for terrorism, based on allegations from the conservative Capital Research Center. Soros, a major Democratic donor, has previously been targeted by Trump and Vice President JD Vance, who claim the foundations fund leftist protests. The Open Society Foundations have awarded $100,000 fellowships to numerous prominent artists, including Firelei Báez, Yto Barrada, and Nicholas Galanin, and provided $1.2 billion in funding in 2024 alone.
French artist Invader, whose real name is Franck Slama, sued the parent company of Julien Auctions for copyright infringement, theft, and violations of the Visual Artists Rights Act. The lawsuit claims 15 of his original mosaic artworks were stolen from their installation sites worldwide—including Tokyo, Paris, and other French locations—damaged or distorted, and then offered in the auction house's "Street Art: Paint & Pavement" sale on September 25. Invader demanded the works be removed, and a U.S. District Court in California granted a restraining order halting the auction of those pieces. The auction house's co-founder Martin Nolan defended the sale, arguing that street art created in public spaces transfers ownership to those who lawfully acquire it.
Sotheby's announced the consignment of Frida Kahlo's 1940 self-portrait *El sueño (La cama)*, estimated at $40–60 million, for a November 2025 single-owner sale titled "Exquisite Corpus." The work is expected to break Kahlo's auction record of $34.9 million set in 2021 and potentially surpass the $44.4 million record for a woman artist held by Georgia O'Keeffe. The painting depicts Kahlo lying on a floating bed with a skeleton above, created during a turbulent period following Leon Trotsky's assassination and her divorce from Diego Rivera.