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Robert Mnuchin’s Rothko Sells at Sotheby’s for $85.8 M., Narrowly Missing a Record

A Mark Rothko painting, *Brown and Blacks in Reds* (1957), formerly owned by the late influential art dealer Robert Mnuchin, sold at Sotheby’s on Thursday night for $85.8 million. The work hammered at $74 million, falling short of the upper end of its $70–$100 million estimate, but with premium fees it became the second-most expensive Rothko ever sold at auction, narrowly missing the artist’s record of $86.9 million set by *Orange, Red, Yellow* (1961) in 2012. The painting was part of a sale devoted to Mnuchin’s collection, which also included works by Willem de Kooning, Pablo Picasso, Franz Kline, and Jeff Koons.

Michelle Blade Transforms Everyday California Scenes Into Luminous Reveries

Los Angeles-based painter Michelle Blade is presenting her first solo show with Night Gallery in Los Angeles, titled "It's About Time." The exhibition features a new body of work focused on still lifes and landscapes from around her home, captured at different hours of the day. Using acrylic and ink on cotton poplin with a wet-on-wet technique, Blade creates luminous, shimmering compositions that blend memory, perception, and projections of the future. The show follows her recent solo exhibition at the Powerlong Museum in Shanghai and her inclusion in the group show "Superbloom" at Night Gallery.

At 77, Painter Archie Rand Is Still Telling New Stories

At 77, painter Archie Rand continues to create vibrant, narrative-driven works from his expansive Brooklyn studio. A new exhibition of his "Heads" series at Jarvis Art, co-curated by Max Werner and Lindsay Jarvis, features paintings that plunge viewers into the middle of unfolding stories, such as "Duck" (2025), where children sail a catboat through rough seas. Rand describes his process as chasing what lies "around the corner" in his compositions, prioritizing the mystery of the background over the central figures.

Gulf art market feels the force of Middle East conflict

The ongoing conflict in the Middle East, involving the US, Israel, and Iran, has disrupted the Gulf region's art market. Key events like Art Dubai have been postponed, and the inaugural Frieze Abu Dhabi faces uncertainty, as the area's stability—crucial for attracting international dealers and auction houses—is now in question.

an up to the minute list of the all the art fairs taking place in 2026 2708747

The global art fair calendar for 2026 is taking shape with a mix of established blue-chip events and significant new international expansions. Key highlights include the debut of Pavilion in Taipei and Hong Kong, the expansion of Paris Internationale into Milan, and the highly anticipated return of the ADAA Fair to New York's Park Avenue Armory following a strategic hiatus.

In The Christophers, an aging artist’s unfinished masterpieces are subjects of speculation and scheming

The Christophers is a new film starring Ian McKellen as Julian Sklar, a once-celebrated 1970s painter who has become a social pariah and reality TV villain. The plot follows a 'reverse art heist' where Sklar’s estranged children hire a restorer and former forger, played by Michaela Coel, to secretly finish a series of nine incomplete portraits of his former lover. The goal is to inflate the works' market value so they can be 'discovered' as masterpieces upon the aging artist's death.

Paris Dealer Kamel Mennour Buys Galerie Malingue, Founded Over Five Decades Ago

Parisian art dealer Kamel Mennour has acquired the historic Galerie Malingue, taking over its prestigious 4,300-square-foot showroom on Avenue Matignon. The purchase represents a generational shift, with the younger dealer assuming control of a space founded over fifty years ago by Daniel Malingue, known for its focus on Impressionist, Surrealist, and modern masters.

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Sotheby’s has secured the personal collection of the late financier and legendary art dealer Robert Mnuchin for its marquee May auctions in New York. The 24-work consignment is headlined by Mark Rothko’s 1957 masterpiece 'Brown and Blacks in Reds', which carries an estimate of $70 million to $100 million. The collection also features significant works by Willem de Kooning, Franz Kline, and Jeff Koons, reflecting Mnuchin's lifelong dedication to postwar abstraction and the New York School.

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British artist Gavin Turk is set to debut a new body of work at Ben Brown Fine Arts in London for his sixth solo exhibition with the gallery, titled "The Escapologist." The exhibition features a series of trompe l’oeil paintings depicting partially open doors set within frames, hung low to create a sculptural, illusionistic effect. Drawing on art historical references ranging from Gerhard Richter’s modernist doors to René Magritte’s surrealist metaphors, the works explore the door as a symbol of the threshold and the psychological tension between anticipation and absence.

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Pace Prints is expanding its operations to Los Angeles, with plans to open a new production facility and small gallery space this fall. Unlike a standard gallery expansion, the Hollywood location will prioritize providing West Coast artists with a dedicated environment for long-term experimentation in printmaking. The move coincides with the publisher's debut at Frieze Los Angeles, featuring a roster of local and international artists including Jonas Wood and Hilary Pecis.

takashi murakami interview perrotin los angeles 1234774560

Takashi Murakami’s latest exhibition at Perrotin Los Angeles, titled “Hark Back to Ukiyo-e: Tracing Superflat to Japonisme’s Genesis,” marks a significant return to his academic roots in Nihonga (traditional Japanese painting). The show features 24 compositions, including four monumental canvases that took over three years to complete, blending Edo-period woodblock aesthetics with 19th-century Impressionism and contemporary Pokémon imagery. The artist describes this body of work as a reflection on the non-linear nature of time and the physical manifestation of memory.

ken griffin basquiat stephen friedman gallery 2742519

London's Stephen Friedman Gallery is facing serious financial difficulties, with its 2024 financial reports overdue and its 2023 accounts revealing a loss of £1.7 million. The gallery, which recently expanded with a large new London space and a New York outpost, is reliant on external financing and negotiations with creditors to continue operating, casting significant doubt on its future viability.

john constable bernard jacobson gallery 2741436

The Bernard Jacobson Gallery in London is presenting an exhibition titled "For John Constable," which reunites a portfolio of prints originally published by gallerist Bernard Jacobson in 1976. The 1976 project featured works by 19 contemporary artists, including David Hockney, Patrick Caulfield, and Howard Hodgkin, created in response to the legacy of the English landscape painter John Constable, marking his bicentenary. The exhibition, timed for the 250th anniversary of Constable's birth, runs through February 27, 2026.

anish kapoor sculpture space elon musk 1234771437

Anish Kapoor has announced plans to launch a large-scale sculpture into space, a project he estimates will cost nine figures. While details of the artwork remain secret, Kapoor suggested it might involve mirrors and aims to be a "useless" yet "magical" poetic occupation of the cosmos. He confirmed his backers are "not necessarily American" and explicitly stated Elon Musk is not involved.

roland augustine luhring augustine gallery 1234769771

Roland Augustine, cofounder of New York's Luhring Augustine gallery, is stepping down to focus on philanthropy. Cofounder Lawrence Luhring will continue leading the gallery alongside longtime directors Lauren Wittels and Donald Johnson Montenegro, who will become equity partners. Luhring bought out Augustine's share at the end of last year, and the gallery plans to restructure in 2026, potentially changing its name within three years.

warhol muhammad ali 18 million art basel miami beach sale 1234765235

Lévy Gorvy Dayan sold Andy Warhol's 'Muhammad Ali' (1977) for $18 million during the VIP preview of Art Basel Miami Beach. The painting, autographed by Ali and formerly owned by Richard L. Weisman, was displayed just a few hundred feet from the Miami Beach Convention Center, where Ali defeated Sonny Liston in 1964. The consignment was kept secret until ten days before the fair, and the work drew crowds of buyers and admirers, including Ali's sons and figures connected to Warhol's 'Athletes' series.

michael werner gordon veneklasen end gallery partnership 1234764180

Michael Werner and Gordon VeneKlasen, partners at Michael Werner Gallery for 35 years, are dissolving their partnership at the start of next year. Werner will continue operating Galerie Michael Werner in Berlin, while VeneKlasen will launch a new international gallery called VeneKlasen, taking over the current New York, London, and Los Angeles locations. The changes take effect in February, with VeneKlasen announcing his program early next year.

state department confirms alma allen 2026 us pavilion 1234763177

The US Department of State confirmed that Mexico-based artist Alma Allen will represent the United States at the 2026 Venice Biennale, opening next May. Jeffrey Uslip will serve as curator, and the commissioning institution is the American Arts Conservancy (AAC), with its executive director Jenni Parido as official commissioner. Allen, who has had only two museum solo shows in three decades, was approached directly by Uslip in October after the State Department had already approved him. The selection process broke from tradition: the National Endowment for the Arts was not involved due to time constraints and staffing transitions, and a prior proposal by artist Robert Lazzarini and curator John Ravenal fell through after negotiations with the University of South Florida’s Contemporary Art Museum collapsed. Allen’s pavilion, titled "Call Me the Breeze," will feature about 30 works exploring elevation and transformation, framed by the State Department as furthering the Trump Administration’s focus on American excellence.

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Jack Hanley, a beloved and idiosyncratic New York gallerist, announced he would close his gallery after 37 years in business. In a conversation with Artnet News co-host Kate Brown, Hanley reflects on his career as a disruptor who followed instinct over market logic, giving early shows to now-iconic artists like Günther Förg, Christopher Wool, Sophie Calle, and Christian Marclay, and even hosting Beeple's first gallery show. Hanley, a former Grateful Dead roadie and avid orchid grower, also founded an art fair and ran galleries in multiple cities.

consignors new york november auctions 2025 2711189

New York's November 2025 auction season is set to feature at least $1.67 billion in art across Sotheby's, Christie's, and Phillips, a 54% increase in estimates from the same period last year. The season is dominated by major estates, including Leonard Lauder's $400 million trove at Sotheby's with Klimt paintings and Matisse bronzes, Cindy Pritzker's collection featuring a Van Gogh, and anonymous Surrealist works. Christie's offers $736 million in low estimates from collections like Robert and Patricia Weis, Elaine Wynn, and Stefan Edlis. Phillips remains risk-averse, focusing on established names. The market shows a flight to quality, with emerging art reduced and delegated to day sales, while ultra-contemporary segments contract.

picasso christies hong kong industry moves 1234753521

Christie's Hong Kong is offering Pablo Picasso's 1944 painting *Buste de femme* with a high estimate of HK$106 million (about $13.6 million) at its 20th/21st Century evening sale, making it the top lot in Hong Kong's September sales across the three major auction houses. Other notable lots include Zao Wou-Ki's *7.3.63* (estimate HK$70–90 million) at Christie's and two Yoshitomo Nara works at Sotheby's and Phillips. In other industry moves, New York's Tilton Gallery is closing after its upcoming Ruth Vollmer exhibition; Esther Schipper Gallery now represents Lotus L. Kang; Başak Doğa Temür and Nilbar Güreş will collaborate on the Turkish Pavilion at the 2026 Venice Biennale; Yan Du Project has appointed Billy Tang as artistic director; and Phillips will auction a juvenile triceratops skeleton in New York.

la louver gallery closes venice huntington archive donation 1234751979

LA Louver, one of Los Angeles's longest-running galleries, is closing its physical space in Venice, California, after 50 years and shifting to private dealing. The gallery, founded in 1975 by Peter and Elizabeth Goulds, has shown artists including Marcel Duchamp, David Hockney, Ed Ruscha, and Doris Salcedo, mounting over 660 exhibitions. The Venice space will host select exhibitions by appointment, while the gallery will focus activities on a private warehouse in LA's West Adams neighborhood. The Huntington library, museum, and botanical garden will receive LA Louver's archive of photography, correspondence, and documents.

matt bangser art intelligence amy cappellazzo 1234749236

Matt Bangser, a longtime director at Blum gallery (formerly Blum & Poe), will join Art Intelligence Global (AIG) as senior director on September 8. Bangser spent 16 years at Blum overseeing global sales and securing major estates like Robert Colescott, and previously held senior posts at Van de Weghe Fine Art, Phillips, and Christie's. His move follows the closure of Blum's Los Angeles and Tokyo galleries last month, when founder Tim Blum announced he was leaving the traditional gallery model. AIG co-founder Amy Cappellazzo said Bangser's experience across galleries, auction houses, and artist studios made him a rare hire.

labubu kasing lung art market 2669643

The article examines the meteoric rise and current cooling of the market for Labubu, the Nordic fanged monster character created by artist Kasing Lung. After a decade of slow development, Labubu exploded in popularity through Chinese toy blind-box manufacturer Pop Mart, leading to record auction sales in 2025. Yongle Auction in Beijing organized the world's first themed Labubu sale, where a mint-green sculpture sold for RMB 1.242 million and a painting, 'Pure' (2021), fetched RMB 1.61 million, setting successive records. The frenzy attracted a diverse range of buyers, from streetwear collectors to traditional ceramics enthusiasts, many of whom share their purchases on social media platforms like Douyin.

tim blum unplugs from the gallery machine 1234746678

Tim Blum, co-founder of the influential Blum & Poe gallery, is stepping away from the traditional gallery model after more than 30 years. He told ARTnews that the decision was driven by burnout with the relentless cycle of art fairs, openings, and obligations, not by financial strain. His Tokyo and Los Angeles locations will close after summer exhibitions, and a planned New York space may not open as a conventional gallery. Blum will instead pursue a more flexible model involving special projects and collaborations, while continuing to buy and sell art personally.

adam lindeman to close venus over manhattan 1234747091

Adam Lindemann, a collector-turned-dealer, announced he will close Venus Over Manhattan, the New York gallery he founded 14 years ago. The gallery's final exhibition, a solo show for painter Susumu Kamijo, will run until July 18. Lindemann revealed the decision in an opinion piece for Artnet News, citing the challenges of straddling the roles of collector and dealer, as well as the politics of art fairs. He plans to return to collecting full-time.

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Artnet News celebrates Pride Month by spotlighting queer artists featured on the Artnet Gallery Network. The article highlights five artists: Kyle Dunn, whose intimate paintings blend smooth and photorealistic surfaces; Tom of Finland, the iconic queer artist known for hyper-masculine, erotic illustrations; David Hockney, whose early work depicts an intimate bedroom scene; Anthony Goicolea, whose photography and paintings explore sexuality and adolescence; and Michela Griffo, an activist and artist whose work examines queer desire and domestic unease.

barbara hepworth stringed sculptures piano nobile 2607574

London's Piano Nobile gallery has opened "Barbara Hepworth: Strings," the first exhibition dedicated to the British sculptor's use of string in her work. The show explores how Hepworth (1903–1975) incorporated string into sculptures, paintings, and drawings from 1939 onward, including pieces never before exhibited in the U.K. Highlights include the rediscovered "Theme on Electronics (Orpheus)," 1956, commissioned by Mullard and long thought lost, and "Pierced Hemisphere (Telstar)," 1963, making its U.K. debut. Curated by Michael Regan, the exhibition draws on Hepworth's letters and archival material to illuminate her innovative approach to tension, space, and light.

art basel qatar launch february 2026 1234742776

Art Basel announced a partnership with Qatar Sports Investments (QSI) and QC+ to launch Art Basel Qatar in Doha in February 2026, marking the first major international art fair in the Middle East. The inaugural edition will feature a tightly curated selection of approximately 50 galleries, significantly smaller than Art Basel's other fairs, and will be held at M7, a creative hub in the Doha Design District. A director for the fair will be announced in the coming months.

interview mega collector dakis joannou 2329229

The article profiles billionaire Greek Cypriot collector Dakis Joannou, focusing on his superyacht *Guilty*, painted by Jeff Koons in dazzle camouflage, and his Deste Foundation's project space on Hydra. It describes the 2023 group show "Dream Machines," co-curated by Daniel Birnbaum and Massimiliano Gioni, featuring works by Koons, Andro Wekua, Mire Lee, and others, and includes an interview with Joannou about the yacht's design and his art collection.