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.

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.

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.

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.

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.

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.

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.

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.

Poly Auction Hong Kong Spring Auctions 2026: High Jewels and Watches, Modern and Contemporary Art Auctions to Be Held on 6 April

Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.

Centenary of Elizabeth II: Two colossal statues of the queen to be erected in London's St James's Park

Centenaire d’Elizabeth II : deux statues colossales de la reine seront érigées à Londres, dans St James’s Park

London has unveiled the final design and models for a colossal memorial to Queen Elizabeth II in St James's Park, to be completed by 2028. The centerpiece is a seven-meter bronze statue of the queen at age 28, inspired by a Pietro Annigoni portrait and created by sculptor Martin Jennings. It will be accompanied by a statue of Prince Philip by Jennings and a second, more intimate statue of the queen in old age by Karen Newman. The project marks the centenary of Elizabeth II's birth (1926–2022) and is designed by Foster + Partners. Models are on display at the British Museum until June 21.

A historic section of the Eiffel Tower's original staircase is set to go up for auction

Un tronçon historique de l’escalier d’origine de la tour Eiffel s’apprête à s’envoler aux enchères

The auction house Artcurial is set to auction a 2.75-meter-tall section of the original spiral staircase from the Eiffel Tower on May 21. This specific segment, consisting of fourteen riveted steel steps, was part of the structure connecting the second and third floors until it was dismantled in 1983 to make way for modern elevators. Estimated between €120,000 and €150,000, the piece holds significant historical value as it is the inaugural 'Lot No. 1' from the original 1983 dispersal sale.

Ittai Gradel, Whistleblower in British Museum Gem Theft, Dies at 61

Ittai Gradel, the Israel-born Danish gem expert who alerted the British Museum to the theft of thousands of antiquities from its collection after discovering them for sale on eBay, died on April 28 of renal cancer at age 61. Days before his death, British Museum officials visited him in hospice and presented him with a rarely awarded medal for his service. Gradel first warned deputy director Jonathan Williams in 2021 that artifacts were being sold online, identified veteran curator Peter Higgs as the culprit, and provided detailed evidence. After the museum failed to act, Gradel contacted then-director Hartwig Fischer; two years later, Higgs was fired, and Fischer and Williams left the institution amid the scandal.

Free Newmarket museum exhibition to celebrate equine art

The National Horseracing Museum in Newmarket is set to host a new free exhibition titled "We Give You The Horse," running from April 29 to May 21. The showcase features paintings and sculptures by prominent members of the Society of Equestrian Artists, including a special loan of an original work by the renowned Sir Alfred Munnings from the Munnings Art Museum.

Who Won New York’s $2.1 Billion Auction Week?

New York City's spring auction week generated approximately $2.1 billion in sales across Christie's, Sotheby's, and Phillips, more than doubling the $1 billion total from May 2024. Christie's led with a $1.3 billion haul, driven by the $630.8 million S.I. Newhouse collection and record prices for works by Jackson Pollock ($181.2 million) and Constantin Brancusi ($107.6 million). Sotheby's netted around $737 million, including a Rothko from the Robert Mnuchin collection, while Phillips rebounded with $115.2 million in a white-glove sale, its strongest New York spring result since 2022.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

Nicole Kidman's Billion-Dollar Breakfast at Christie's

Christie's held a record-setting evening sale on May 18, 2025, that generated over $1 billion, featuring a promotional video starring Nicole Kidman. Jackson Pollock's drip painting "Number 7A, 1948" sold for $181.2 million, nearly tripling the artist's previous auction record, while Constantin Brancusi's bronze bust "Danaïde" (c. 1913) fetched $107.6 million, becoming the second most expensive sculpture ever sold. The works came from the collection of late magazine magnate S.I. Newhouse, and a Rothko from Agnes Gund's collection also set a new artist record at $98.4 million.

Lithuanian, Latvian, and Estonian Pavilions Stage Pro-Ukraine Procession During Venice Biennale

On May 6, 2026, the Lithuanian, Latvian, and Estonian pavilions at the Venice Biennale organized a procession in solidarity with Ukraine, walking approximately one and a half miles from the Lithuanian Pavilion in the Fucina del Futuro to the Estonian pavilion. The action honored Ukrainian cultural workers creating under war conditions and those who have died. It is one of several political protests at the contentious 2026 Biennale, including demonstrations by Pussy Riot and FEMEN at the Russian pavilion, a "Solidarity Drone Chorus" opposing Israel's inclusion, and a planned 24-hour strike by the Art Not Genocide Alliance.

An Unprecedented 24-Hour Strike Could Upend the Venice Biennale

An unprecedented 24-hour strike is set to interrupt the Venice Biennale's opening week on Friday, May 8, in protest of Israel's participation in the global art event. The action, organized by the activist group Art Not Genocide Alliance (ANGA), follows a letter signed by over 230 Biennale participants demanding Israel's exclusion. The strike has exposed divisions among participants, with some artists and pavilion teams weighing solidarity against the rare opportunity to platform their own political messages. The Slovenian pavilion, represented by Nika Grabar of the Nonument Group, has committed to the strike, while others like Ecuador's Tawna Collective remain undecided, balancing protest with their mission to highlight ecological crises in the Amazon.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Treasures From Matthew Perry’s Estate Head to Auction for a Good Cause

Heritage Auctions will sell a trove of artifacts from Matthew Perry's estate starting June 5, including scripts and memorabilia from the sitcom *Friends*, artworks by Banksy and Mel Bochner, and personal items like a 3D portrait of his invented superhero "Mattman." Proceeds benefit the Matthew Perry Foundation, a nonprofit focused on ending addiction stigma and expanding access to evidence-based care, founded after the actor's death in 2023.

Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

Sotheby's will auction a major collection of masterpieces by artists including Gustav Klimt, Henri Matisse, Lucian Freud, and Francis Bacon, consigned by Joe Lewis and his daughter Vivienne, whose family owns Tottenham Hotspur. The collection, expected to fetch over £150 million, is projected to become the most valuable ever offered in London, with highlights such as Klimt's 'Bildnis Gertrud Loew' (estimated £20-30m) and Egon Schiele's 'Danaë' (estimated £12-18m, potentially setting a new artist record). The works will be exhibited in New York and London before the June sales.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

Online Auctions Continue to Draw in First-Time Art Buyers as Sales Grow

Online-only sales of fine art at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions reached $423.9 million in 2025, an 8 percent increase from 2024. The number of lots sold remained steady at 29,623, but the average price per work rose 8.6 percent to $14,309. Sales were 270 percent higher than in 2019, before the pandemic accelerated the shift to digital auctions. Christie’s reported that 63 percent of new buyers in 2025 made their first purchase online.

Wildenstein dispute over Monet work highlights art market opacity

A long-running dispute involving the Wildenstein art dynasty has resurfaced over a 2004 transaction for Claude Monet's *Adolphe Monet Reading in a Garden* (1867). The painting was acquired by Guy Wildenstein through a €4.5m deal that included works by Pierre Bonnard and Alfred Sisley, among them Monet's *Marine, Amsterdam* (1874). That work was later resold via Christie's, but a 2020 sale attempt revealed that the original canvas had been lost during a transfer process, significantly reducing its value. Court-appointed specialists concluded in 2024 that the alteration predated the transaction and that the gallery likely knew of the damage. The sellers have filed a claim alleging "vitiated consent" under French law, with a court date set for 7 May in Rouen. The disputed Monet now reportedly belongs to billionaire Larry Ellison.

Inside the Inaugural Edition of Art Cologne Palma Mallorca

The inaugural edition of Art Cologne Palma Mallorca took place from April 9–12, 2026, attracting 88 galleries from 20 countries and over 10,000 visitors to the Mediterranean island. The fair, held at the Palau de Congressos Convention Centre, reported strong sales and sold-out weekend days, with Artistic Director Daniel Hug praising the high level of engagement and positive response from both exhibitors and attendees. A second edition has already been scheduled for April 1–4, 2027.

Newsmakers: Nalini Malani Lets the Walls Speak with a New Installation in Venice

Nalini Malani's latest installation, *Of Woman Born*, opens at the Magazzini del Sale in Venice during the Venice Biennale. Commissioned by the Kiran Nadar Museum of Art, the work projects hand-drawn animations onto the crumbling brick walls of a 15th-century salt warehouse, creating a cave-like environment where images flicker like ancient cave paintings. The installation draws on tens of thousands of drawings and incorporates mythology, literature, and sound, with a central focus on the myth of Orestes to explore themes of violence, displacement, and gender politics. Malani has also extended her recurring 'Skipping Girl' figure across Venice via posters and public signage to guide viewers to the exhibition.

The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

Who Were the Best-Selling Old Masters at Auction in 2025?

The article reports on the best-selling Old Master paintings at auction in 2025, highlighting Canaletto's *Venice, the Return of the Bucintoro on Ascension Day*, which sold for $43.8 million at Christie's—three times the next-highest Old Master price. Other notable sales include a $7.55 million triptych of Jesus performing miracles by an unknown 15th-century artist, noted for its exceptional condition and quality.

Christo and Jeanne-Claude’s Iconic California Installation Returns in a Museum Show

The Museum of Sonoma County is commemorating the 50th anniversary of Christo and Jeanne-Claude's iconic 1976 installation "Running Fence" with an exhibition featuring blueprints, original construction materials, and documentary photographs. The temporary work, which stretched nearly 25 miles across Sonoma and Marin counties in California, required four years of negotiations with ranchers, 18 public hearings, and the first-ever Environmental Impact Report for a public artwork, ultimately costing $2.25 million funded by the artists through preparatory drawing sales.

Antony Gormley sculpture quietly removed and sold off by UK council

Kent County Council, led by the Reform party, has removed and sold Antony Gormley's early public sculpture 'Two Stones' (1979-81) from outside the Kent History and Library Centre in Maidstone. The council sold the work back to the artist himself in a private sale to raise funds, citing severe financial pressures and a need to avoid increasing costs for residents. The council's most recent accounts valued the work at £859,000, but the final sale price remains confidential.