Art News. Vasari Codex

article culture schedule Dec 29, 2025 visibility 12 link 4 artists

dear auction execs column

An art world insider publishes an open letter to auction executives, accusing them of encroaching on the primary gallery market by accepting consignments of works by emerging artists and scheduling auctions to coincide with major art fairs. The author argues that auction houses prioritize financial gain over artists' long-term career stability, destabilizing prices and encouraging speculation. They call for auction houses to respect the traditional boundaries between primary and secondary markets, stop glorifying auction prices, and avoid accepting works from recent primary sales.

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gavel restitution schedule Dec 23, 2025 visibility 14 link 2 artists

nanjing museum alleged art theft probe

Chinese authorities have launched multiple investigations into allegations that staff at the state-run Nanjing Museum secretly removed cultural treasures from the collection and sold them on the open market. The scandal erupted after a 16th-century Ming dynasty painting, *Spring in Jiangnan* by Qiu Ying, appeared in a Beijing auction catalog with an estimate of 88 million yuan ($12.5 million), despite being part of a 1959 donation by collector Pang Laichen. The museum claimed the work and four others were deemed forgeries in the 1960s, deaccessioned in 1997, and sold to a provincial relics store in 2001 for 6,800 yuan. An 80-year-old retired employee, Guo Lidian, accused former museum director Xu Huping of orchestrating a large-scale theft and smuggling operation, including falsely certifying authentic works as replicas. Xu has denied involvement.

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trending_up market schedule Dec 22, 2025 visibility 10 link 7 artists

adelaide labille guiard self portrait versailles

A previously unaccounted-for self-portrait by 18th-century French artist Adélaïde Labille-Guiard sold at Tajan auction house in Paris for €843,800 ($988,785), far exceeding its estimate of €300,000–€500,000. After the hammer fell, a representative of the Palace of Versailles invoked France's droit de préemption law to claim the 1782 pastel work for the national collection, preventing its private sale.

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article local schedule Dec 12, 2025 visibility 16 link 4 artists

sylvester stallone rocky balboa sculpture philadelphia

Sylvester Stallone is reclaiming one of his two Rocky statues from Philadelphia after a city commission vote. A second bronze sculpture by Auldwin Thomas Schomberg, which Stallone bought at auction in 2017 and loaned to the city in December 2024 for RockyFest, will be returned to the actor in 2026. Meanwhile, the original 1980 statue—currently at the foot of the Philadelphia Art Museum steps—will be moved inside the museum for the exhibition “Rising Up: Rocky and the Making of Monuments” celebrating the franchise’s 50th anniversary, then relocated to the top of the steps where it originally stood in the 1980s. A third Schomberg Rocky statue was recently unveiled at Philadelphia International Airport.

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gavel restitution schedule Dec 12, 2025 visibility 14 link 3 artists

france dinosaur skeleton return mongolia

France returned an extremely rare 70-million-year-old Tarbosaurus bataar skeleton and 30 other paleontological finds to Mongolia on Monday. The fossils were looted from the Gobi Desert by a European trafficking network, smuggled via South Korea, and confiscated by French customs in 2015. At a ceremony in Paris, French Public Accounts Minister Amelie de Montchalin handed the items to Mongolia’s Culture Minister Undram Chinbat. The cache includes dinosaur eggs and the prized skeleton, worth over $800,000 at the time of seizure and now valued two to three times higher.

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trending_up market schedule Nov 24, 2025 visibility 10 link 3 artists

cia kryptos sculpture code auction

An anonymous bidder has won the solution to the final unsolved puzzle of Kryptos, a famous encrypted sculpture at CIA headquarters in Virginia, for $962,500 in an online auction by R.R. Auction. The artist, Jim Sanborn, offered the handwritten code for the fourth message (K4) along with other unpublished items and a prototype, far exceeding the presale estimate of $300,000–$500,000. The sale came after the solution was accidentally leaked to journalists Jarett Kobek and Richard Byrne, who discovered the plaintext in Sanborn's papers at the Smithsonian's Archives of American Art, though they have agreed not to release it.

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gavel restitution schedule Nov 18, 2025 visibility 13 link 6 artists

felzmann holocaust auction canceled

Felzmann auction house in Neuss, Germany, canceled its planned 'System of Terror Vol II' auction of Holocaust artifacts following international pressure from groups including the International Auschwitz Committee and the European Jewish Association. The sale, which included documents, letters, and Stars of David from Nazi victims between 1933 and 1945, was condemned as exploitative by critics such as executive vice president Christoph Heubner, who called it 'a cynical and shameless undertaking.' Polish Foreign Minister Radoslaw Sikorski and Culture Minister Marta Cienkowska also called for restitution of the items to Poland.

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trending_up market schedule Oct 27, 2025 visibility 13 link 2 artists

okada museum sells art founder legal bill sothebys

Japan’s Okada Museum of Art is selling 125 works from its collection at Sotheby’s Hong Kong on November 22 to help its founder, Kazuo Okada, pay a $50 million legal bill. The bill stems from a long-running feud with casino magnate Steve Wynn, which began when the two co-founded Wynn Resorts in 2002 and later accused each other of improper payments. The collection includes Katsushika Hokusai’s iconic *The Great Wave Off the Coast of Kanagawa* (1830–32), a rare Qianlong “Eight Treasures” vase, and 16th-century screens by Kano Motonobu. Okada, an 83-year-old billionaire, lost a binding arbitration over the legal fees and must now sell the art.

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article news schedule Oct 24, 2025 visibility 14 link 5 artists

louvre robbery history behind stolen crown jewels

Eight pieces of the French Crown Jewels were stolen from the Louvre Museum on October 19, including a pearl-and-diamond tiara and a bow-shaped brooch that once belonged to Empress Eugénie, as well as a sapphire parure and diadem owned by Queen Maria Amalia. The theft has drawn attention to the jewels' complex history: most of the Crown Jewels were auctioned off in 1887 by the French government to eliminate monarchical symbols, and the stolen pieces were among the few remaining in the Louvre's collection, some repurchased at great expense in the 1990s and 2000s with help from the Société des Amis du Louvre.

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trending_up market schedule Oct 2, 2025 visibility 12 link 1 artist

sothebys sells york avenue hq weill cornell breuer move

Sotheby's has sold its longtime New York headquarters at 1334 York Avenue to Weill Cornell Medicine, marking the final step in a major real estate transformation. The auction house will lease back floors 7–10 under a long-term lease while relocating its global headquarters to the Breuer Building at 945 Madison Avenue, which opens November 8 with a blockbuster exhibition. Sotheby's also acquired Gantry Point, a 240,000-square-foot complex in Long Island City, in 2023. CEO Charles Stewart stated the sale proceeds will reduce debt and invest in core business.

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trending_up market schedule Sep 11, 2025 visibility 12 link 2 artists

christies sothebys auction houses luxury fashion art

Auction houses Christie's, Sotheby's, and Phillips are increasingly relying on luxury goods—such as handbags, jewelry, wine, and whiskey—to offset a sharp decline in fine art sales. Fine art sales at these houses fell 44% in the first half of 2025 compared to 2022, creating a roughly $3 billion gap. Luxury sales have surged to a 20.2% market share by value in 2025, with Christie's reporting a 30% rise in luxury sales to $468 million in the first half of 2025, and Sotheby's luxury sales topping $2 billion for three consecutive years. Notable sales include a record $10 million Hermès Birkin bag and a $72 million jewelry auction in Geneva.

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gavel restitution schedule Jul 25, 2025 visibility 12 link 1 artist

king tutankhamen egyptian artifact auction grasshopper

An intricately carved ivory and wood grasshopper from the Age of Tutankhamun, known as the 'Guennol Grasshopper,' is set to be auctioned by Apollo Art Auctions in July with an estimate of £300,000–£500,000. Egyptian art historians, including German Egyptologist Christian Loeben, have raised concerns that the cosmetic vessel may have been stolen by British archaeologist Howard Carter, who discovered King Tutankhamen’s tomb and allegedly kept some items for his own collection. The auction house states there is no documented evidence linking the object to the tomb, and it has been cleared against the Art Loss Register, but experts like former Met director Thomas Hoving have long connected it to the pharaoh’s burial.

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trending_up market schedule Jul 22, 2025 visibility 17 link 2 artists

juvenile ceratosaur dinosaur fossil sothebys auction record

A juvenile Ceratosaurus dinosaur fossil sold for $30.5 million at Sotheby’s natural history sale on July 16, far exceeding its high estimate of $6 million. The auction featured a six-minute bidding war among six bidders, making it the third-highest price ever for a dinosaur at auction. Other top lots included a Martian meteorite that sold for $5.3 million, a Pachycephalosaurus skull, and a Tyrannosaurus Rex foot, each fetching $1.758 million. All four top lots accepted cryptocurrency payments.

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trending_up market schedule Jul 17, 2025 visibility 15 link 3 artists

citizen kane rosebud sled auction

Heritage Auctions sold one of the last surviving Rosebud sleds from the 1941 film *Citizen Kane* for $14.75 million on July 16. The prop, made of pine hardwood with a red seat stenciled with “ROSEBUD,” came from the collection of director Joe Dante, who received it in 1984 from a crew member clearing out an old RKO Pictures lot. The sled was radiocarbon-dated to verify its authenticity. The sale makes it the most expensive Rosebud sled ever sold at auction and the second most valuable piece of movie memorabilia, after the ruby slippers from *The Wizard of Oz*.

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trending_up market schedule Jul 16, 2025 visibility 12 link 4 artists

unique juvenile dinosaur sothebys

A rare juvenile Ceratosaurus fossil sold for $30.5 million at Sotheby's New York, far exceeding its $6 million presale estimate after a six-minute bidding war. The 154-159 million-year-old specimen, discovered in 1996 at Wyoming's Bone Cabin Quarry, contains 139 original bone elements and stands over 6 feet tall. Sotheby's stated the buyer plans to loan the fossil to an institution.

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article news schedule Jun 10, 2025 visibility 14 link 2 artists, 1 gallery

jerry gogosian winds down instagram hilde lynn helphenstein

Hilde Lynn Helphenstein, the creator of the popular Instagram account Jerry Gogosian, announced she is winding down the project after seven years. The account, known for its sharp and often acerbic commentary on the art market, amassed 151,000 followers since its launch in 2018. Helphenstein initially ran the account anonymously, revealing her identity in 2020, and used it to mock dealer Larry Gagosian, comment on auction records, and document her experiences at art fairs. The account also had real-world impact, including prompting Gagosian gallery to drop a director after Helphenstein urged people to come forward with sexual harassment allegations. Helphenstein, who previously ran her own gallery in Los Angeles, said she has 'grown out' of the project and is looking toward her next endeavor.

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trending_up market schedule May 21, 2025 visibility 16 link 2 artists

this qing dynasty painting could sell for nearly 19 million at auction

Sotheby's Hong Kong offered the Qing dynasty imperial painting *The Blue Goats* as a single-lot sale during its Asian Art Week. Commissioned by Emperor Qianlong in the late 1750s, the seven-by-six-foot hanging scroll was created by Italian Jesuit painter Giuseppe Castiglione (Lang Shining) and Chinese court artist Jin Tingbiao, blending Western and Eastern techniques. Despite a presale estimate of HK$60–150 million ($7.7–19.3 million), the work sold for HK$58.9 million ($7.6 million) after fees, below the low estimate. The painting depicts a pair of gorals in a rocky landscape and is inscribed with a poem by the emperor symbolizing his military conquests.

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gavel restitution schedule May 14, 2025 visibility 14 link 2 artists

buddha gems sothebys controversy

Sotheby's has postponed the auction of the Piprahwa Gems of the Historical Buddha, a collection of over 300 ancient gemstones and metal sheets linked to the Buddha, after criticism from academics, Buddhist leaders, and India's Ministry of Culture. The gems, discovered in 1898 by colonial engineer William Claxton Peppé in Uttar Pradesh, India, were set to be sold by his descendants in Hong Kong on May 7, with bidding starting at HK$10 million ($1.3 million). The auction house stated it is now in discussions with the Indian government to find a resolution.

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article news schedule Apr 22, 2025 visibility 13 link 1 artist

cultural projects worth 6 13 billion were finished in 2024 a big drop from 2023 report

The 2024 Cultural Infrastructure Index (CII) reports a 17% drop in completed cultural projects (from 192 to 159) and a 29% decline in total cost, from $8.58 billion to $6.13 billion. However, the value of future projects announced in 2024 rose 47% to $8.32 billion, though the number of announced projects fell from 198 to 175, indicating fewer but more expensive buildings. The report, developed by AEA Consulting, tracks 334 large-scale cultural infrastructure projects worldwide, with museums and galleries remaining the most common building type. The U.S. led with 62 new facilities, while the Grand Egyptian Museum in Giza was the most expensive completed project at $1 billion, and the Metropolitan Museum of Art's new modern wing topped announced projects at $500 million.

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gavel restitution schedule Apr 18, 2025 visibility 16 link 4 artists

bayeux tapestry fragment rediscovered in germany

A long-lost fragment of the Bayeux Tapestry, the 11th-century embroidered chronicle of the Norman Conquest of England, has been rediscovered in the Schleswig-Holstein State Archives in Schleswig, Germany. The roughly one-inch linen piece belonged to the estate of archaeologist Karl Schlabow, who had been part of a Nazi-affiliated group that re-measured the tapestry in 1941. The fragment will be repatriated to France later this year, but first it will go on public display at the Museum of Archaeology at Gottorf Castle as part of the exhibition “Viking Twilight: Turning Point in the North” from April 16 through November 2.

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trending_up market schedule May 7, 2026 visibility 19 link 39 artists, 3 galleries

Your guide to Christie's 20/21 auction week in New York

Christie's is holding its 20/21 auction week in New York from May 9–22, 2026, featuring seven live auctions and two online sales at its Rockefeller Center galleries. Highlights include the dedicated sale "MASTERPIECES: The Private Collection of S.I. Newhouse" (led by Constantin Brancusi's *Danaïde* and Jackson Pollock's *Number 7A, 1948*), the Impressionist and Modern Art Day Sale, and "Defined Space: The Collection of Henry S. McNeil, Jr.," which focuses on Minimalist works by Donald Judd and Dan Flavin. Other consignors include prominent collectors Agnes Gund, Marian Goodman, and Joanna Carson. The public can view works for free from May 9–21.

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trending_up market schedule Apr 23, 2026 visibility 42 link 21 artists, 2 galleries

Marian Goodman’s personal collection of Gerhard Richters

Christie's will auction seven paintings by Gerhard Richter from the personal collection of legendary gallerist Marian Goodman in May 2026, headlining a series of sales titled "Breaking Ground: The Private Collection of Marian Goodman." The group includes the iconic 1982 work *Kerze (Candle)*, estimated at $35–50 million, and spans Richter's career from 1982 to 2009. Goodman, who died in 2024, began representing Richter in 1985 after writing him a letter, and her collection reflects their decades-long professional and personal relationship.

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trending_up market schedule Apr 9, 2026 visibility 14 link 3 artists, 1 gallery

Breaking Ground: The Private Collection of Marian Goodman

Marian Goodman, the legendary New York gallerist who introduced European avant-garde artists to American audiences, is selling works from her private collection through Christie's. The collection features a standout group of paintings by Gerhard Richter, including his masterpiece *Kerze*, which will lead the Richters & 21st Century Evening Sale. Additional pieces will be offered across 20th and 21st Century Art auctions in New York.

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trending_up market schedule Jan 27, 2026 visibility 23 link 16 artists, 1 gallery

The Art Market Enters 2026 With Renewed Confidence and a Sharper K-Shape Divide

ArtTactic's Global Art Market Outlook 2026 report reveals renewed confidence in the art market, with 51% of participants expecting growth and 42% anticipating stability. Strong sales in London, Paris, and Miami Beach, along with multi-billion-dollar November auction results, have buoyed sentiment. The recovery is uneven but meaningful, driven by selective demand for established names: Impressionist art rose 80.4%, Modern art 19.4%, and Old Masters 68.7%. The K-shaped divide is sharpening, with robust performance at the top end (above $1 million) and accessible tiers (below $50,000), while the middle market remains sluggish. Top performers include Klimt, Picasso, Rothko, and Calder, while ultracontemporary artists like Nicolas Party and Matthew Wong have seen significant declines.

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candle obituary schedule Dec 23, 2025 visibility 30 link 14 artists, 2 galleries

Robert Mnuchin, the blue-chip gallerist who loved the drama of the auction saleroom, has died aged 92

Robert Mnuchin, the prominent New York gallerist who transitioned from a 33-year career on Wall Street to become a major force in the art world, has died at age 92. After heading the trading desk at Goldman Sachs, he co-founded C&M Arts in 1992 with James Corcoran, later establishing L&M Arts with Dominique Lévy in 2005, which was renamed Mnuchin Gallery in 2013. Known for his aggressive bidding at auction, Mnuchin made headlines with high-profile purchases including Roy Lichtenstein's *Sinking Sun* (1964) for $15.6 million in 2006 and Jeff Koons's *Rabbit* (1986) for $91.1 million in 2019, the latter a record for a living artist at the time.

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trending_up market schedule Dec 16, 2025 visibility 16 link 12 artists, 2 galleries

Drawing attention

Collector Patricia Poon and artist Angel Hui are among the figures highlighted in a series examining how Hong Kong women artists are gaining market share and recognition. The article reports that major auction houses Christie's, Sotheby's, and Phillips have moved their Asia headquarters to Hong Kong and now employ young women in key auctioneering roles. It notes a sharp increase in women artists featured in Chinese auctions, from 79 in 2019 to 231 in 2024, with 201 of those in Hong Kong. Works by artists like Firenze Lai, Elaine Chiu, and Kristy M Chan have performed strongly at auction, and Phillips has made promoting Hong Kong women artists a key priority.

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trending_up market schedule Oct 16, 2025 visibility 27 link 17 artists, 2 galleries

Embracing independence: meet the artists giving galleries a swerve

A growing number of artists are bypassing traditional galleries to sell their work directly to collectors, a trend that echoes pre-19th-century practices when artists like Michelangelo and Rembrandt dealt directly with patrons. High-profile examples include Damien Hirst's 2008 Sotheby's auction that raised £111.4m without dealer commissions, Banksy's Pest Control system, and Marina Abramović's independent collaborations during Frieze Week and at Glastonbury. Emerging and mid-tier artists, such as Bristol-based Matthew Callaby, are also selling via Instagram and organizing their own pop-up shows, often keeping more profit than the typical 50% gallery commission.

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trending_up market schedule Oct 8, 2025 visibility 24 link 11 artists, 3 galleries

A dreamscape in violet: Zao Wou-Ki’s "27.01.83" sells for US$2.3m at China Guardian Hong Kong

China Guardian Hong Kong's 2025 Autumn Auctions achieved approximately HK$70 million (US$8.9 million) in its Asian 20th Century and Contemporary Art Sale on 8 October. The top lot was Zao Wou-Ki's abstract canvas *27.01.83* (1983), which sold for HK$17.7 million (US$2.3 million), more than doubling its low estimate. The second-highest result was Li Chen's bronze sculpture *Dragon-Riding Buddha* (2001), which fetched nearly HK$11.15 million (US$1.4 million). The sale recorded an 85% sell-through rate across 99 lots.

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museum exhibitions schedule Jul 9, 2025 visibility 24 link 18 artists, 4 galleries

The Best Art Exhibitions To Visit In Hong Kong This July

This article highlights three must-see art exhibitions in Hong Kong for July 2025. At Alisan Fine Arts, local artist Cherie Cheuk presents her first solo show, 'A Wrinkle In Time,' blending traditional Chinese ink painting with pop culture motifs like Super Mario and Pac-Man. At Villepin, 'Worlds Within' unites works by four migrant-influenced artists, including a debut Hong Kong showcase for Spanish-Filipino modernist Fernando Zóbel and a record-breaking painting by Lê Phổ. Ben Brown Fine Arts hosts 'Wish You Were Here,' a group show curated by Jie Xia featuring artists such as Gerhard Richter and Hilary Pecis, exploring themes of travel, paradise, and nostalgia.

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trending_up market schedule May 19, 2025 visibility 17 link 3 artists, 1 gallery

Top Phillips rainmakers Cheyenne Westphal and Jean-Paul Engelen to leave auction house

Two top executives at Phillips auction house, global chairwoman Cheyenne Westphal and president of the Americas Jean-Paul Engelen, are stepping down. Westphal, who joined Phillips from Sotheby's in 2016 and has been called the most powerful woman in contemporary art, plans to start her own business working directly with private collectors and artists. Engelen is moving to Acquavella Galleries in New York. Their departures follow the resignation of executive chairman Ed Dolman in December and deputy CEO Amanda Lo Iacono at the end of last year, marking a significant leadership exodus.

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