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Gustav Klimt portrait sells for about R4 billion, breaking modern-art auction records

Gustav Klimt's portrait "Portrait of Elisabeth Lederer" (1914–1916) sold for $236.4 million (about R4 billion) at a Sotheby's auction in New York, becoming the most expensive modern artwork ever sold at auction and the second most expensive painting in history, behind only Leonardo da Vinci's "Salvator Mundi." The sale, which featured works from the estate of billionaire collector Leonard Lauder, unfolded in a tense 20-minute bidding war among six collectors. The painting had been hidden from public view since the 1980s. The same auction also saw Maurizio Cattelan's 18-karat gold toilet "America" sell for over $12 million.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.

Comment | What the art market doesn’t allow, branded content does for Tom Sachs

Tom Sachs has signed with The Lede Company, a US public relations firm, for agency representation, while Thaddaeus Ropac continues to represent him for gallery and fine art inquiries. This arrangement highlights Sachs's expanding activities beyond the traditional art market, including collaborations with Nike and Levi's, such as a Nike app promoting the Mars Yard 3.0 trainers. The announcement came in August, amidst other art-world movements like Jeff Koons's return to Gagosian from Pace Gallery.

Princeton University Art Museum graduates to expansive new home

The Princeton University Art Museum (PUAM) is opening a new 146,000-square-foot facility on October 31, doubling its previous exhibition and education spaces. The original 1880s building, which underwent multiple additions before being demolished in 2021, could only display about 2% of Princeton's 117,000-object collection. Designed by Adjaye Associates with executive architect Cooper Robertson, the new three-story museum features nine interlocking pavilions, 80,000 square feet of exhibition space, classrooms, and a grand hall. Curators have rethought the installation to move away from rigid geographic and chronological categories, instead emphasizing cross-cultural and cross-media pairings, such as placing Andy Warhol's Blue Marilyn (1962) alongside a 14th-century Italian Virgin and Child.

‘Everyone benefits’: Art Basel’s chief on the new Paris VVIP slot and the viability of its Qatar fair

Art Basel Paris held its fourth edition with a new VIP preview slot called Avant Première, where galleries nominated six key collectors to enter the fair on Tuesday afternoon before the main opening. Major sales were reported, including a $23 million Gerhard Richter painting at Hauser & Wirth, a Modigliani for nearly $10 million at Pace, and a $7.5 million Ruth Asawa sculpture at David Zwirner. CEO Noah Horowitz discussed the rationale for the exclusive preview, the renaming of the VIP relations team to 'collector and institutional relations,' and the viability of the upcoming Art Basel Qatar fair amid growing competition in the Gulf region.

Kerry James Marshall, National Gallery expansion, Picasso’s Three Dancers—podcast

This podcast episode from The Art Newspaper covers three major art stories. Ben Luke tours Kerry James Marshall's retrospective 'The Histories' at the Royal Academy of Arts in London—the largest European survey of the US artist's work—with curator Mark Godfrey, and visits a related exhibition of Marshall's graphic novel 'Rythm Mastr' at The Tabernacle in Notting Hill. The National Gallery in London announces a £400m expansion called Project Domani, the largest transformation in its 200-year history, with £375m already raised, and a shift in its collecting boundary beyond 1900. Finally, Tate Modern's centenary exhibition 'Theatre Picasso' centers on Pablo Picasso's 'The Three Dancers' (1925), discussed with co-curator Natalia Sidlina and designer Enrique Fuenteblanca.

After 50 years, LA Louver is closing its gallery in Venice, California

LA Louver, the longest-running gallery in Los Angeles, is closing its Venice, California space after 50 years in business. Founder Peter Goulds, who turns 77 next month, is transitioning the gallery into a private dealing model with pop-up exhibitions from its Jefferson Boulevard warehouse in West Adams. The Venice space will be listed for sale but remain open by appointment to sell inventory. The gallery is also donating its extensive archive to the Huntington Library in San Marino, which includes papers of writers like Octavia Butler and Christopher Isherwood.

Portland Art Museum announces major gift to endow Museum’s top position from Portland’s “First Family of the Arts”

The Portland Art Museum announced a $13.5 million gift from the late Arlene Schnitzer and the Schnitzer family, the largest individual donation in the museum's 132-year history. The endowment names the museum's director position, currently held by Brian Ferriso, as the Arlene & Harold Schnitzer Director. The Schnitzers, known as Portland's 'First Family of the Arts,' have supported the museum for nearly half a century through acquisitions, exhibitions, capital campaigns, and the creation of the Arlene and Harold Schnitzer Center for Northwest Art and the Schnitzer Sculpture Court. The gift is part of the museum's Connection Campaign, which will culminate in a transformed campus opening November 20.

Meet the Lawyer-Turned-Dealer Opening a Jewel-Box Gallery Uptown—and More Juicy Art World Gossip

Artnet News's Wet Paint column reports that former David Zwirner director Felix Rödder is opening his own gallery, Rodder (no umlaut), on September 18 at 22 East 80th Street on the Upper East Side, in the same building as Sprüth Magers. The jewel-box space, formerly Barbara Mathes Gallery, will debut with a solo show of sculptural paintings by Wyatt Kahn. Rödder, a lawyer-turned-dealer, plans to mix contemporary programming with historical exhibitions, keeping overhead low and avoiding art fairs for now. The column also teases a mention of Aby Rosen's involvement in the New York mayoral race.

Column: The new LACMA is sleek, splotchy, powerful, jarring, monotonous, appealing and absurd

The Los Angeles County Museum of Art (LACMA) is nearing completion of its new Brutalist building designed by Swiss architect Peter Zumthor, known as the David Geffen Galleries. Museum members will get a sneak peek at the empty interior spaces starting July 3, though the fully finished project with art installed won't open until April 2026. The poured-in-place concrete structure spans 347,500 square feet, including 110,000 square feet of exhibition space across 90 galleries, elevated 30 feet above ground on seven massive piers crossing Wilshire Boulevard. The article offers a critical preview of the building's aesthetics, noting the overwhelming monotony of concrete across floors, walls, and ceilings, while acknowledging some appealing views and powerful visual impact.

LACMA opens its new building for a sneak peek: Photos from the first preview

The Los Angeles County Museum of Art (LACMA) held its first public event inside the new Peter Zumthor-designed David Geffen Galleries on Thursday evening, offering a sneak peek before art is installed. The preview featured a site-specific concert by composer Kamasi Washington, with multiple bands and a choir performing throughout the empty concrete galleries. The building, which has been under construction for five years, is targeted to open in April 2026, though some construction details remain unfinished and landscaping is still settling.

Global Art Market Report 2024–2025

The global art market saw total sales of $57.5 billion in 2024, a 12% decline year-on-year, marking the second consecutive annual drop. Transaction volumes rose 3% to about 40.5 million, driven by works under $50,000 which made up 85% of dealer sales. Sotheby's and Christie's together accounted for roughly half of global fine-art auction turnover, though both saw significant auction revenue declines. The United States led with 43% of global sales, while China's market share fell to 15%, its lowest since 2009. Online art sales grew to 18% of total value, and new buyer momentum was strong, with 44% of dealer buyers being new and 91% of high-net-worth collectors optimistic.

US National Gallery of Art receives trove of Modern and contemporary drawings

The National Gallery of Art in Washington, DC, has received a gift of more than 60 Modern and contemporary works on paper from longtime benefactors Lenore and Bernard Greenberg. The donation includes the first Bruce Nauman drawing to enter the collection, along with works by Susan Rothenberg, Philip Guston, Ed Ruscha, Vija Celmins, Alberto Giacometti, Franz Kline, Jasper Johns, Ellsworth Kelly, Willem de Kooning, Shahzia Sikander, Cy Twombly, and others. Photographs by Roni Horn, John Baldessari, Uta Barth, and Hiroshi Sugimoto, as well as a wire sculpture by Alexander Calder, are also included.

Japan’s art islands gain a new attraction with museum designed by Tadao Ando

The Benesse Art Site Naoshima, a globally acclaimed art destination across three Japanese islands, will open the Naoshima New Museum of Art (NNMA) on May 31. Designed by architect Tadao Ando, the one-story building with two underground floors sits on a hilltop near Honmura village. Its opening exhibition, centered on wellbeing, features works by 12 artists including Takashi Murakami, Aida Makoto, Do Ho Suh, Cai Guo-Qiang, and Martha Atienza. The museum shifts focus to contemporary art from Asia with rotating exhibitions, according to director Akiko Miki.

Summer 2025 preview: On display at museums

CBS News Sunday Morning anchor Jane Pauley previews major museum exhibitions opening in summer 2025. The article highlights Amy Sherald's mid-career survey "American Sublime" at the Whitney Museum of American Art in New York, featuring her iconic portrait of Michelle Obama and exploring her signature grisaille technique and confident Black subjects. Other featured shows include "Van Gogh: The Roulin Family Portraits" at the Museum of Fine Arts, Boston; "Monet's Floating Worlds at Giverny" at the Portland Art Museum; "KAWS: FAMILY" at Crystal Bridges Museum of American Art in Bentonville; and "Jeffrey Gibson: the space in which to place me" at The Broad in Los Angeles.

Phillips Installs Robert Manley and Miety Heiden in Top Posts Amid Market Shifts

Phillips has appointed Robert Manley as chairman of modern and contemporary art and Miety Heiden as chairman of private sales, following the departure of Cheyenne Westphal and Jean-Paul Engelen. Manley, who joined Phillips in 2016, has secured major consignments including the collection of Francesco Pellizzi and the Pop Art trove of Miles and Shirley Fiterman, while Heiden has driven a 46 percent growth in annual private sales. The appointments come after Phillips' $51.9 million Modern and Contemporary Evening Sale, which reinforced the auction house's strength in the contemporary segment.

Marlene Dumas’s $13.6m semi-nude breaks auction record for a living female artist

Christie's 21st century evening sale on Wednesday achieved $79 million ($96.5 million with fees), falling within revised estimates but below original projections and prior sale totals. The standout lot was Marlene Dumas's 1997 painting *Miss January*, which sold for $13.6 million with fees, setting a new auction record for any living female artist. The sale saw three of four records set for women artists, including Simone Leigh, Emma McIntyre, and Louis Fratino, though bidding was subdued overall with heavy reliance on third-party guarantees.

After a failed export block by the UK, Nicolas Poussin masterpiece goes on show at Louvre Abu Dhabi

Abu Dhabi’s Department of Culture and Tourism (DCT) will make its vast, previously inaccessible art and artifact holdings public over the coming year, including publishing an online catalogue and offering research opportunities. To mark this shift, DCT is presenting Nicolas Poussin’s *Confirmation* at Louvre Abu Dhabi—a masterpiece that had been held in Britain for 240 years and was blocked from export by the UK government in 2022 when it failed to raise £19m to match the buyer’s offer, now presumed to be DCT. The painting goes on show alongside Poussin’s *Self-portrait* from the Musée du Louvre.

Remembering Pope Francis, for 12 years head of the Catholic church and proprietor in trust of the Vatican's library and art collections

Pope Francis, the 266th pope and the first from the Americas and the Global South, has died. He was the spiritual leader of 1.3 billion Catholics, head of state of the Vatican, and proprietor in trust of the Vatican's vast art and architectural collections. Born Jorge Mario Bergoglio in Argentina, he was the first Jesuit pope and the first to take the name Francis, signaling a commitment to austerity and social justice. His papacy, beginning in 2013 after Benedict XVI's resignation, addressed theological controversies, church culture wars, interfaith relations, Vatican financial reform, the clergy sexual abuse crisis, and cultural restitution from the Vatican's holdings.

In 2026, DeviantArt Is Helping Artists Cut Through The Noise and Fuel Sustainable Careers

DeviantArt has undergone a significant resurgence, reaching over 108 million users by 2026 following a multi-year modernization effort. The platform has pivoted away from traditional advertising models to a creator-centric ecosystem that prioritizes artist monetization through subscriptions, digital tip jars, and low-fee sales. By removing third-party ads and implementing advanced image protection technology, the site has positioned itself as a secure alternative to mainstream social media for digital creators.

met gala reveals 2026 dress code fashion is art

The Metropolitan Museum of Art has announced "Fashion is Art" as the official dress code for the 2026 Met Gala, complementing the Costume Institute’s upcoming exhibition, "Costume Art." Curated by Andrew Bolton, the show will feature approximately 400 objects that juxtapose couture fashion with traditional artworks and artifacts. The exhibition will be the first to inhabit the museum's new Condé M. Nast Galleries and is structured around a "typology of bodies," exploring how fashion interacts with various human forms ranging from classical nudes to aging bodies.

Jitish Kallat appointed Kochi-Muziris Biennale president

The Kochi Biennale Foundation has appointed contemporary artist and curator Jitish Kallat as the new president of the Kochi-Muziris Biennale. He will chair the selection committee for the next edition's curator, succeeding co-founder Bose Krishnamachari, who resigned earlier this year.

New Chilean president reverses predecessor’s policies, cutting culture budget

Chile's new president, José Antonio Kast, has implemented a 3% budget cut across all government ministries, including the Ministry of Cultures, Arts and Heritage. This reverses the trend of his predecessor, Gabriel Boric, who significantly increased cultural funding. The new Minister of Cultures, Francisco Undurraga, has stated there is "excessive spending on culture," and the government is seeking an additional $1bn in cuts, requiring ministries to identify alleged abuses in public fund usage.

carly murphy art basel collectors

Carly Murphy, Christie’s head of client strategy for the Americas, is leaving the auction house to join Art Basel as global head of collector and institutional relations, a newly created position. She will report to Vincenzo de Bellis, the fair’s chief artistic officer and global director of fairs, and begins later this month. The move comes as the art market faces slowing sales, with global art and antiques sales falling 12% in 2024 to $57.5 billion, according to the latest Art Basel and UBS Art Market Report.

New Met Gala fashion exhibit seeks to ‘reclaim’ body types that art history has ignored

The Metropolitan Museum of Art's Costume Institute will launch a new fashion exhibition titled "Costume Art" at the 2026 Met Gala, curated by Andrew Bolton. The show features 400 items across sections exploring body types historically marginalized in art, including the corpulent, disabled, pregnant, and aging body. It debuts in the newly renovated Conde M. Nast galleries on the museum's main floor, with custom mannequins modeled on real individuals such as Sinéad Burke, Aariana Rose Philip, and Goddess Bunny. The exhibition pairs fashion garments with art objects to argue that fashion is art, and will be open to the public from May 10 for eight months.

Performance Artist Crackhead Barney Moves From the Streets to the Stage: ‘Art Should Be Going Insane’

Performance artist Crackhead Barney, known for her viral street interventions and ambush interviews at protests and public events, is transitioning her work to the formal stage. Her new play, GOD IS RAPING ME, is having sold-out dates at the Pageant performance space in Brooklyn, marking a significant shift from her guerrilla-style, social media-driven practice to theatrical production.

freddy gallery church sale

Artist Joshua Abelow is selling the 100-year-old former Methodist church in Harris, New York, that housed his unconventional gallery Freddy from 2016 until last year. Listed at $649,000, the 3,500-square-foot building served as both Abelow's home and studio, hosting over three dozen exhibitions featuring artists such as Rafael Ferrer, Cheryl Donegan, Jörg Immendorff, and emerging talents. Abelow, who moved to Santa Fe with his family, hopes a creative buyer will continue using the space for cultural endeavors. He has since launched a new collaborative venue called Gene & Fred in Santa Fe with Keith J. Varadi's Gene's Dispensery.

cowley abbott canadian art

Cowley Abbott’s Fall Live Auction of Important Canadian Art will take place on November 26 at Toronto’s Globe and Mail Centre, featuring a curated selection of historical and contemporary Canadian works. Highlights include Jean Paul Riopelle’s *Sans titre* (1950, est. CA$1.2–1.5M), Emily Carr’s *Pole of Harhu* (1912, est. CA$800,000–$1.2M), Lawren Harris’s *Rocky Mountains; Abstract Composition* (est. CA$400,000–$600,000), Jack Bush’s *Awning* (1974, est. $200,000–$300,000), and Jean Paul Lemieux’s *Jeune fille en jaune* (1964). Founded in 2013 as Canada’s first online art auction house, Cowley Abbott has evolved into a hybrid gallery and digital marketplace, with onsite viewing at its Dundas Street West gallery through the auction date.

nyc apartment galleries

Across New York City, a growing number of artists and curators are turning their apartments into informal exhibition spaces, including Iowa in Crown Heights, Interrobang in Sunset Park, Drama in Bushwick, and Club Rhubarb near the Bowery. These home galleries, born from necessity and a rejection of the traditional art market, host shows in living rooms, kitchens, and stairwells, prioritizing intimacy and creative freedom over commercial viability. Antonia Oliver, founder of Iowa, describes her space as an "apartment gallery" that allows her to program without market pressures, exemplified by a recent performance piece by Anna Thérèse Witenberg.

A Milano una grande mostra a Palazzo Reale racconta i Macchiaioli (e l’Italia del loro tempo)

A major exhibition at Palazzo Reale in Milan explores the Macchiaioli, the 19th-century Italian painting movement often seen as a precursor to Impressionism. The show brings together works by key figures such as Giovanni Fattori, Silvestro Lega, Telemaco Signorini, Giuseppe Abbati, and Odoardo Borrani, alongside tangential artists like Giovanni Boldini, Federico Faruffini, and Gerolamo Induno. It traces the movement's origins at Florence's Caffè Michelangiolo, its epicenter at Castiglioncello under patron Diego Martelli, and its evolution from the 1850s through the 1870s, when the group's democratic ideals and en plein air techniques challenged academic conventions.