christies riggio modern art new york evening auctions 2025

Christie’s spring marquee auctions in New York brought in a combined $489 million with fees across two evening sales: the Leonard & Louise Riggio: Collected Works sale and the 20th Century sale. The Riggio collection, featuring 39 works heavy on Surrealism, modernism, and Minimalism, achieved $272 million with buyer’s premium, led by Piet Mondrian’s Composition With Large Red Plane, Bluish Gray, Yellow, Black and Blue (1922) at $47.56 million and René Magritte’s L’empire des lumières (1949) at $34.9 million. The 20th Century sale included major canvases by Monet, Rothko, and Warhol, but the hammer total of $409 million fell below the $446 million pre-sale low estimate, indicating the auction house did not meet expectations.

amid market uncertainty asian art posts standout results

A review of the top 20 auction lots sold globally in the first quarter of 2025 reveals that four of the five priciest works were either by Asian artists or sold in Asia, a shift from the dominance of Western works in London and New York during the same period in 2023 and 2024. Notable sales include a record-breaking Yuan dynasty calligraphy by Rao Jie at Sotheby’s Hong Kong for $32.2 million, Tyeb Mehta’s *Trussed Bull* setting an artist record at Saffronart in Mumbai, and M. F. Husain’s *Untitled (Gram Yatra)* becoming the first Indian Modern artwork to exceed $10 million at Christie’s New York. However, the total value of the top five lots fell to $73.7 million, down nearly 14% from 2024 and 46% from 2023, amid a broader downturn in Asian art sales, particularly in China.

The Surreal Economics of the Contemporary-Art Market

A conceptual artwork titled "Comedian" by Maurizio Cattelan, consisting of a banana duct-taped to a wall, sold at auction for over $6 million to billionaire Justin Sun. This sale occurred amid widespread speculation that the contemporary-art market has peaked, with global art sales dropping 12% in 2024. However, a painting by Marlene Dumas defied the trend, fetching $13.6 million and setting a record for a living female artist. The article explores the bewildering economics of the art market, featuring insights from economist Canice Prendergast and journalist Bianca Bosker, who describe a market where prices seem divorced from traditional logic.

A Guide to David Hockney’s Most Important Print Series

Lougher Contemporary, a UK-based specialist in blue-chip editions, has identified David Hockney's five most important print series for collectors. The series include the iconic Pool Series, inspired by Los Angeles swimming pools; the iPad Drawings, which began with the iPhone and evolved into works like 'The Arrival of Spring'; and The Weather Series, a set of six color lithographs influenced by Japanese Ukiyo-e prints. Other series are also highlighted for their market value and artistic significance.

End of investment art? Why the bottom of the market is flourishing

The art market in 2024 saw an aggregate 12% decline in sales to an estimated $57.5bn, driven by a slowdown at the ultra-premium end, according to the Art Basel and UBS Art Market Report and Artprice. However, the lower end of the market is flourishing: auction sales of works under $5,000 grew 7%, dealers with turnover under $250,000 reported a 17% increase, and sales of works under $20,000 reached record levels. Online platforms like Avant Arte, which sold $23m in print and sculpture editions (up 53% year-on-year), are key drivers, attracting younger and first-time collectors with affordable, editioned works.

In major auction night, rare Klimt painting smashes records at $236.4 million

Sotheby's held its first sale at its new US headquarters in New York, where Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million, becoming the most valuable work of modern art ever sold at auction and the most expensive artwork ever sold by Sotheby's globally. The record-breaking 20-minute bidding war also saw strong results for works by Edvard Munch ($35.1 million) and a Klimt landscape ($86 million), while the evening's total reached $706 million. However, two top lots by Kerry James Marshall and Barkley L. Hendricks failed to sell, and Maurizio Cattelan's gold toilet "America" drew only a single bid from Ripley's Believe It or Not! for $12.1 million.

Art Busan Is Building a More Sustainable Art Market

Art Busan, celebrating its 15th anniversary, will be held from May 21 to 24, 2026, at BEXCO in Busan, South Korea, bringing together over 110 galleries from 18 countries. The fair introduces two new integrated segments: DEFINE, which expands the fair to include collectible design, furniture, and craft, and LIGHTHAUS, which transforms gallery booths into curated spatial experiences to encourage deeper engagement. These initiatives aim to move beyond purely transactional sales and speculative momentum.

Who Do Chicago’s Art Fairs Serve?

Expo Chicago and its satellite fairs serve as a complex barometer for the Midwestern arts ecosystem, highlighting both the successes of local representation and the tensions of institutional growth. While galleries like Andrew Rafacz and Corbett vs. Dempsey demonstrate viable career paths for Chicago-based artists like Melissa Leandro and Gabrielle Garland, the fair's shifting structure reveals a narrowing field for smaller nonprofits.

ten x art institute of chicago

The Art Institute of Chicago has partnered with the Tuscany-based sculpting studio Ten X to create two marble reimaginations of a rare 8th-century Tang dynasty Bodhisattva. The original limestone sculpture, a centerpiece of the museum’s Asian art collection, has been missing its left arm since it was acquired in 1930, leaving its meditative gesture a mystery. Rather than attempting a traditional restoration, curator Dr. Tao Wang commissioned two distinct versions that explore different historical possibilities for the figure's hand placement based on extensive cross-cultural research.

Tanka Fonta wins 2026 Wi Di Mimba Wi Prize

Cameroon-born artist and polymath Tanka Fonta has been named the recipient of the 2026 Wi Di Mimba Wi Prize. Awarded by SAVVY Contemporary and the AKB Stiftung, the prize includes a €30,000 grant, production funds for a new commission, and dedicated curatorial support. Fonta, whose multidisciplinary practice spans visual art, composition, and philosophy, was selected from a shortlist of five Germany-based artists by a jury of prominent curators and academics.

Want to See a Variety Show With Barbara Kruger, Anne Imhof, Julio Torres, and More?

Performa, the New York City-based nonprofit dedicated to performance art, is hosting a one-night-only variety show fundraiser on June 10 at Midtown's Town Hall theater. The cabaret-style event will feature 12 acts blending comedy, dance, music, and acrobatics, with participants including visual artists Barbara Kruger, Laurie Simmons, and Marcel Dzama, performance artist Anne Imhof, dancer Yvonne Rainer, actor Julio Torres, and musicians Slauson Malone, Precious Renee Tucker, and Lonnie Holley. The fundraiser supports Performa's biennial, which takes place every other November.

heading to basel swiss collector suzanne syz has a priceless list of fair dos and donts

Swiss collector Suzanne Syz, a longtime attendee of Art Basel since its early days as a "mammoth indoor flea market," shares her insights and advice for navigating the fair. In an interview with Cultured, Syz discusses her collection, which includes works by Barbara Kruger, Julian Schnabel, Olivier Mosset, and Peter Fischli, and offers tips such as skipping long lines, focusing on the Statements section for emerging artists, and trusting gut instincts over spreadsheets. She also highlights the distinct Swiss art scene, praising institutions like Kunsthalle Zürich and MAMCO, and schools like HEAD and ECAL.

Georg Baselitz ist tot

German artist Georg Baselitz has died at the age of 88. According to Galerie Thaddeus Ropac, he passed away peacefully on Thursday. Born Hans-Georg Bruno Kern in 1938 in Deutschbaselitz, Saxony, Baselitz fled East Germany in 1957 after political repression and academic conflicts. His first solo exhibition in West Berlin in 1963 was shut down due to scandal, and works were confiscated. He became internationally known in the late 1960s for his radical upside-down painting, a signature inversion that destabilized pictorial logic. He also created an extensive sculptural body of work. Key career milestones include representing Germany at the Venice Biennale in 1980 alongside Anselm Kiefer, multiple Documenta appearances, the Praemium Imperiale in 2004, and election to the Académie des Beaux-Arts in Paris in 2019. Major late-career exhibitions included "Nackte Meister" at the Kunsthistorisches Museum in Vienna in 2023.

Robert Filliou, artistes océaniens… Que nous réserve la prochaine édition de la Biennale de Lyon ?

The 18th edition of the Lyon Biennale, titled "Passer d’un rêve à l’autre" (Moving from One Dream to Another), will run from September 19 to December 13, 2026. Curated by Catherine Nichols, an Australian-born art historian and editor based in Berlin, the biennial will take place across ten venues in Lyon, including the Grandes Locos, macLyon, and for the first time the Musée des Tissus et des Arts décoratifs. More than half of the works will be new productions, and over half of the artists are women, with a substantial focus on Oceanian artists such as Timo Hogan, Jazz Money, and Kaylene Whiskey. The exhibition draws inspiration from Lyon's traboules (hidden passageways) and the writings of artist Robert Filliou, exploring themes of dreams, critical analysis, and a "poetic economy."

'If I love something, I buy it': Los Angeles-based Rina Mark on the art she collects and why

Los Angeles-based collector Rina Mark discusses her four-decade history of acquiring art, highlighted by her deep connection to the legendary printmaking studio Gemini G.E.L. Mark, a former LACMA docent, reveals a spontaneous approach to collecting, often purchasing works on instinct. Her collection features a strong emphasis on iconic West Coast and Pop artists, including John Baldessari, Roy Lichtenstein, and Ed Ruscha, whose work "Pico and Sepulveda" she recently acquired due to its personal connection to her college years.

Where to see art in Houston now: 10 exhibits and shows opening in October

Houston's October art scene is dominated by exhibitions exploring scientific and cosmic themes, including plasma installations, fractal worlds, and quantum landscapes. Notable shows include Anahita Bradberry's 'Spectral Field' at Diverseworks, Julius Horsthuis's 'Fractal Worlds' at Artechouse, and 'Growing Up Jewish' at Holocaust Museum Houston. The month also features CraftTexas 2025 at Houston Center for Contemporary Craft, 'Lines of Resolution' at Menil Drawing Institute, and a farewell show at Anya Tish Gallery.

Art Lender Accuses Maddox Gallery of Inflating Value of Art Used as Collateral—’Bizarre and Irrational’ Claim, Says Gallery

Luxury Asset Capital (LAC) has filed a civil complaint in the US District Court for the Southern District of New York accusing Maddox Gallery of inflating the value of artworks used as collateral for loans. The dispute stems from a 2023 deal in which Maddox provided substitute collateral—works by Duncan McCormick and Albert Willem—in exchange for a George Condo painting previously held by LAC. LAC alleges that Maddox engaged in a "pump and dump" scheme, artificially bidding up auction prices for McCormick and Willem works to 10–15 times pre-sale estimates, then using those inflated values to justify trades. After the alleged bid-rigging stopped, auction prices fell, and LAC claims it is left with works worth only a fraction of what Maddox represented. Maddox Gallery co-founder Nick Sharp denies the claims as "bizarre and irrational," calling the lawsuit a baseless attempt to unwind a voluntary agreement.

Numerous Venice Biennale Pavilions and Artists Go on Strike in Protest over Israel’s Participation

Thousands of protesters marched through Venice on the eve of the Venice Biennale's public opening, organized by Art Not Genocide Alliance (ANGA), to demand Israel's exclusion from the event. At least 18 national pavilions—including Austria, Belgium, France, Great Britain, and Ukraine—participated in a 24-hour strike, shutting down completely or partially. Protesters chanted slogans, waved Palestinian flags, and carried banners reading "no genocide pavilions," while ANGA released a statement with 236 signatories calling for Israel's removal, citing the humanitarian crisis in Gaza.

serpentine pavilion commission lanza atelier

LANZA atelier, a Mexico City-based architecture studio founded by Isabel Abascal and Alessandro Arienzo, has been commissioned to design the 2025 Serpentine Pavilion in London’s Kensington Gardens. The pavilion, which will be unveiled on June 6, marks the 25th anniversary of the Serpentine Pavilion program. Inspired by the English serpentine or crinkle-crankle wall, the design features a brick wall of alternating curves, a translucent roof resting on brick columns, and a second wall that harmonizes with the tree canopy. This year’s pavilion will be accompanied by a dedicated architecture program at Serpentine South, honoring the legacy of Zaha Hadid, who designed the inaugural pavilion in 2000.

aicon lawsuit art dealing new york brothers dutta

Two New York art galleries run by dueling brothers are locked in a legal battle over the use of the name "Aicon." Projjal Dutta, representing Aicon Contemporary, filed a lawsuit in New York Supreme Court in October against his brother Prajit Dutta and director Harry Hutchison, who run Aicon Art and ArtsIndia.com. The suit alleges that the defendants have misleadingly used the names "Aicon Gallery" or simply "Aicon" instead of the agreed-upon "Aicon Art," causing confusion in the art market. The brothers previously operated the legacy Aicon Gallery together for 20 years before parting ways in 2019, but they still share the same address and phone number at 35 Great Jones Street.

newsmakers valentina akerman gallery sardine hamptons

Valentina Akerman, an art director and architect, opened Sardine gallery in a weathered Amagansett rental last summer with her husband, artist Joe Bradley. What began as an improvised experiment has grown into a Hamptons success story, now in its second season with a Summer 2025 program featuring film series, residencies, dinners, and four exhibitions pairing painters with sculptors. The gallery also hosted a pop-up in Paris during Art Basel Paris and is organizing a group show at Le Consortium Museum’s summer space in Burgundy.

galerie eva presenhuber franz west

Galerie Eva Presenhuber in Zurich has opened "Franz West, Die Frühen Werke / Early Works," the gallery's twelfth exhibition dedicated to the late Austrian artist Franz West (1947–2012). The show surveys West's output from 1975 to 1990, highlighting his early sculptures, drawings, collages, and his signature interactive "Passstücke" (Adaptives)—pieces designed to be moved, worn, or played with by viewers. The exhibition runs through October 3, 2025.

art basel air de paris

The French gallery Air de Paris has publicly withdrawn from Art Basel in Switzerland after being assigned a booth position its founders considered unfavorable. In an open letter, owners Florence Bonnefous and Edouard Merino stated they were offered a choice between their usual stand and a new one, only to have the rejected option imposed. The gallery, which has participated in Art Basel since 1999, accused the fair of prioritizing managerial efficiency over longstanding relationships. Art Basel defended its placement process, citing curatorial vision and logistical factors. Bonnefous, who served on the fair's selection committee, confirmed the gallery will still participate in Art Basel Paris in the fall.

Meet the London Perfumer Building a Collection Around Humor and Instinct

Cherry Cheng, a London-based perfumer, has curated a personal art collection in her Notting Hill flat that reflects her instinctive and humorous approach to collecting. The collection features works by artists such as Beau Gabriel, Miranda Keyes, Sarah Pucci, Juliette Teste, Araki Nobuyoshi, Katrien de Blauwer, Lucile Littot, Leo Costelloe, Sebastian Espejo, and Joline Kwakkenbos, displayed throughout her home like a diary of her tastes.

5 Artists on Our Radar This April

Artsy has highlighted five emerging and established artists to watch this April, selected based on recent gallery representation, exhibition success, and market data. The list features Peruvian painter Sylvia Fernández, known for her meticulous and majestic depictions of the natural world, alongside four other artists who have made significant impacts through recent art fairs and new bodies of work.

The Art of Asking for a Discount on Art, According to Experts

Elie Nadelman, Peter Fischli & David Weiss at Galerie Buchholz

Galerie Buchholz in Cologne is presenting a group exhibition featuring works by Elie Nadelman, Peter Fischli, and David Weiss, running from April 10 to May 23, 2026. The show brings together the early 20th-century modernist sculpture of Nadelman with the conceptual, often humorous installations of the Swiss duo Fischli/Weiss, creating a dialogue across generations and artistic movements.

art emma webster petzel gallery show

Emma Webster is preparing her first solo exhibition with Petzel gallery, opening April 30, featuring paintings of domestic animals like horses, cows, and dogs. The Los Angeles-based artist uses a multi-step process: building physical maquettes from clay and wire, 3D-scanning them, rendering digital dioramas in Blender, and then painting from those digital references. For the first time, she will also project the digital diorama in the gallery's entryway for viewers to interact with in real time.

art jesus hilarios reyes young artist

Cultured profiles Jesús Hilario-Reyes, a 29-year-old New York-based artist who describes themself as “anti-disciplinary,” working across performance, sound, video, and sculpture. Inspired by queer rave culture, migration, Western carnivals, and Puerto Rico’s hurricane-worn mangrove forests, they have performed at Documenta, the Kitchen, Gladstone Gallery, and the Museum of Contemporary Art, Chicago. In the interview, Hilario-Reyes discusses key influences from graduate school teachers, the importance of spontaneity and presence in their practice, and their underrated studio tool—an electrical die grinder.

art elian almeida nara roesler alberto pitta

Curator Luis Pérez-Oramas has organized a two-person exhibition at Nara Roesler's New York gallery pairing Afro-Brazilian artists Alberto Pitta, 64, and Elian Almeida, 31. The show collapses generational and medium-based boundaries, featuring Pitta's layered canvas silkscreens with symbolic folk elements alongside Almeida's colorful explorations of Brazil's history in paint. A functioning coffee cart by Pitta, elevated to artwork status, greets visitors. The exhibition runs through early January.