At Sotheby’s, a $70M Giacometti Fails to Sell While Works By Munch and Cézanne Ignite Buyer Excitement

Sotheby’s Modern Evening Auction on May 13, 2025, achieved $186.4 million in sales but was overshadowed by the failure of its headline lot: Alberto Giacometti’s hand-painted bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70 million. The work, consigned by the Soloviev Foundation, went unsold after minimal bidding, lacking a guarantee or irrevocable bid. Other highlights included a strong performance by Edvard Munch and Paul Cézanne works, with 40% of lots exceeding high estimates. Notable sales included Georgia O’Keeffe’s *Leaves of a Plant* ($12.97 million) and Alexander Calder’s *Four Big Dots* ($8.285 million), both fresh to market.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

Frieze VIP day defined by dealers’ resilience

Frieze New York's VIP opening on Wednesday saw strong attendance despite economic uncertainty following President Donald Trump's April 2 tariff announcement, which caused stock market volatility. Gallerists reported early sales driven by institutional buyers, with works by Tuan Andrew Nguyen, Rashid Johnson, Lorna Simpson, Claire Tabouret, and WangShui finding homes at museums including the Moderna Museet, Dallas Museum of Art, and Heredium Museum. Notable sales included Jeff Koons's Hulk (Tubas) for over $3 million at Gagosian and a solo stand sellout for Claire Tabouret at Perrotin.

Frieze New York shows signs of stability in challenging US art market

Frieze New York (7-11 May) opens its 13th edition at The Shed with around 65 galleries, including mega-galleries Gagosian, David Zwirner, Hauser & Wirth, Pace, and White Cube. The fair arrives amid a turbulent art market: global art sales declined 12% in 2024 per Clare McAndrew's Art Market Report, and President Trump's tariff decisions have roiled the stock market. Frieze's owner Endeavor recently sold the fair to a new company founded by former CEO Ari Emanuel. Despite this, US fair director Christine Messineo expresses optimism, citing strong sales at Frieze Los Angeles in February. The Focus section features 12 emerging galleries, seven of which are first-time participants, including King's Leap, Management, Voloshyn Gallery (Kyiv), and Public Gallery (London).

The Ultimate Guide to New York Art Week 2025

New York Art Week 2025 is underway as the international art world converges on the city for a series of major spring fairs. Galerie has surveyed six key fairs—Frieze New York, Independent, TEFAF New York, NADA New York, Future Fair, and Esther II—highlighting standout artworks and notable presentations. Highlights include Jeff Koons' Hulk sculptures at Gagosian, Claire Tabouret's new paintings at Perrotin, and Tuan Andrew Nguyen's kinetic sculptures at James Cohan. Independent returns to Spring Studios with its 16th edition, featuring a new curatorial initiative, Independent Debuts, showcasing 26 emerging artists including Shafei Xia, Laura Footes, and Lewis Brander.

Our Guide to New York Art Week 2025

New York Art Week 2025 is condensed into a single mega-week starting May 5, featuring major art fairs including Frieze New York, Independent, and TEFAF New York, alongside gallery openings, auction previews, and museum shows. The guide provides a day-by-day itinerary, fair overviews, and practical tips for navigating the week, emphasizing that many events are ticketed or free and do not require VIP passes.

Charge of the Indian art brigade

At a Christie’s auction in New York’s Rockefeller Center, an untitled work (Gram Yatra) by MF Husain sold for over Rs 118.7 crore ($13.8 million), becoming the most expensive modern Indian painting ever sold. The buyer is reportedly collector and philanthropist Kiran Nadar. Other record-tying sales include Amrita Sher-Gil’s The Story Teller and Tyeb Mehta’s Trussed Bull, each fetching Rs 61.8 crore at SaffronArt auctions, while a Jagdish Swaminathan painting exceeded estimates at Sotheby’s. These results come amid a 19% rise in the top 50 Indian artists’ sales to $36.2 million, per the 2024 Hurun India Art List.

14 best galleries in NYC to visit

This article lists 14 of the best art galleries to visit in New York City, highlighting major commercial spaces such as Hauser & Wirth, Gagosian Gallery, David Zwirner, Gladstone Gallery, Greene Naftali, Cavin-Morris Gallery, and Neue Galerie. It describes each gallery's location, specialty, and notable represented artists, from blue-chip contemporary stars to historical figures and self-taught visionaries.

National Portrait Gallery

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Openings

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The Great Lone Wolf of Art

Der große Einzelgänger der Kunst

Georg Baselitz, the German painter known for his radical, figurative works and iconic upside-down motifs, has died at age 88. Born Hans-Georg Kern in 1938 in Deutschbaselitz, Saxony, he fled East Germany for West Berlin in 1957 after being expelled from art school for "socio-political immaturity." Baselitz rose to international fame with his expressive, fractured depictions of the human figure, famously inverting his compositions starting with "Der Wald auf dem Kopf" (1969). He also worked as a stage and costume designer for operas by Harrison Birtwistle, György Ligeti, and Richard Wagner.

Picasso’s ‘Guernica’ Could Leave Madrid for the First Time in Over 30 Years

The Basque regional government has formally requested a temporary loan of Pablo Picasso's 'Guernica' from Madrid's Museo Reina Sofía to the Guggenheim Museum Bilbao for a period from October 2026 to June 2027. This would mark the painting's first movement since 1992 and is timed to coincide with the 90th anniversary of the bombing of Guernica. The request faces strong opposition from the Reina Sofía, which has released a conservation report stating the monumental canvas is too fragile to travel.

At Art Basel Hong Kong, Blue-Chips Report Flurry of 7-Figure Deals, While Others Lament ‘Slower Than Usual’ Sales

Major galleries reported significant seven-figure sales on the opening day of Art Basel Hong Kong. Hauser & Wirth sold works by Louise Bourgeois and George Condo for millions, while David Zwirner sold paintings by Liu Ye and Marlene Dumas for $3.8 million each. Pace Gallery's CEO noted a renewed energy, and other blue-chip dealers like White Cube and Lehman Maupin also reported high-value transactions, particularly with Asian collectors and institutions.

Matisse, 1941-1954 review – hit after glorious hit in a show of life-enhancing genius

A major exhibition at the Centre Pompidou and the Grand Palais focuses on the final, revolutionary period of Henri Matisse's career, from 1941 to 1954. The show charts his artistic reinvention following a life-threatening surgery, beginning with obsessive, reworked paintings from his Nice studio during the war and culminating in the radiant, large-scale cut-outs for which he is widely celebrated.

jean michel basquiat work phillips frieze week sales london

Phillips has announced the lineup for its October London sales during Frieze Week, headlined by Jean-Michel Basquiat's 1982 work on paper, *Untitled (Pestus)*, estimated at £3 million ($4 million). The 26-lot evening auction on October 16 also includes Andy Warhol's diamond dust portrait of Giorgio Armani (estimate £800,000), Banksy's *Kate Moss* (estimate £1 million), and works by Jadé Fadojutimi, Flora Yukhnovich, Damien Hirst, Anish Kapoor, Sasha Gordon, and Emma McIntyre. A day sale on October 18 features pieces by Keith Haring, Warhol, Basquiat, Anselm Kiefer, and Yoshitomo Nara.

Amanda Carneiro and Raphael Fonseca to curate 2027 Bienal de São Paulo

Amanda Carneiro and Raphael Fonseca have been named curators of the 2027 Bienal de São Paulo. Carneiro, a curator at MASP since 2018, has organized solo exhibitions for artists including Santiago Yahuarcani, Beatriz Milhazes, and Sonia Gomes, and was part of Adriano Pedrosa’s curatorial team for the 2024 Venice Biennale. Fonseca, visual arts programmer at Culturgest and curator-at-large at the Denver Art Museum, is currently curating the Taiwan Pavilion for the 2026 Venice Biennale and co-curating the 3rd Counterpublic Triennial. He also curated the 2025 Bienal do Mercosul.

Liu Ding and Carol Yinghua Lu to curate 2027 Istanbul Biennial

The Istanbul Foundation for Culture and Arts (ISKV) has announced that Liu Ding and Carol Yinghua Lu will curate the 2027 Istanbul Biennial. Liu Ding is a Beijing-based artist and curator who has participated in numerous international biennials and taught at NABA Milan, while Carol Yinghua Lu is an art historian and director of the Inside-Out Art Museum in Beijing, with a background at OCAT Shenzhen, Museion Bolzano, and Asia Art Archive. The pair, who have collaborated since 2007, most recently served as artistic directors of the 2024 Yokohama Triennale. The 19th edition of the Istanbul Biennial is scheduled for 18 September to 14 November 2027.

Lynda Roscoe Hartigan Named Director of Smithsonian American Art Museum

Lynda Roscoe Hartigan has been appointed as the new director of the Smithsonian American Art Museum (SAAM) in Washington, DC, effective September 8. She returns to SAAM, where she began her career and later served as chief curator, from her current position as executive director and CEO of the Peabody Essex Museum in Salem, Massachusetts. She succeeds acting director Jane Carpenter-Rock, who will remain as deputy director.

art basel qatar fair report doha

The first-ever Art Basel Qatar opened in Doha with 84 single-artist presentations from 87 galleries, spread across two venues: the Doha Design District and M7. The fair, a partnership between Art Basel, Qatar Sports Investments, and QC+, features a tightly curated schedule of events, including a drone installation by Jenny Holzer at the Museum of Islamic Art and a floating dinner by artist Laila Gohar. Despite the usual fair rhythms, sales have been slow, and the event emphasizes engagement over transaction, as articulated by Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani.

art new york fall gallery show guide

Cultured's fall gallery show guide for New York highlights five exhibitions opening in September 2025. Christopher Kulendran Thomas presents 'Peace Core' at Gagosian, featuring an AI-auto-edited video of pre-9/11 TV footage alongside paintings of a Sri Lankan massacre. Catharine Czudej's 'God is Good' at Meredith Rosen Gallery combines corrupted QR codes and religious imagery with a line of merchandise. Florian Krewer's 'cold tears released' at Michael Werner explores animalistic human nature through thickly layered oils. Ohad Meromi's 'At Rest' at 56 Henry focuses on moments of inactivity and reflection. Nayland Blake's three-part exhibition at Matthew Marks Gallery includes a retrospective on the AIDS crisis and new sculptural works.

art hamptons exhibition guide summer

The article is a summer exhibition guide for the Hamptons, highlighting seven shows running from August through October 2025. Featured artists include Mary Heilmann at Guild Hall, Frank O’Hara and Larry Rivers at Pollock-Krasner House, Alix Pearlstein at Arts Center at Duck Creek, Sarah Sze at Landcraft Garden Foundation, Joseph Hart at Halsey McKay, and Francesco Clemente at Tripoli Gallery in collaboration with Vito Schnabel Gallery. Each entry provides dates, a brief description, and insider tips for visitors.

Studio 54 Fine Art Is Betting on a More Nimble Gallery Model

Studio 54 Fine Art, founded and directed by Gary Williamson, is pioneering a nimble gallery model without a permanent brick-and-mortar space, instead meeting collectors through rotating physical exhibitions and behind-the-scenes matchmaking. The gallery is currently presenting the exhibition “Empire of Silence: The Untamed Majesty of Rowan Blackwell” in Switzerland, featuring large-scale photographs of wild animals by artist Rowan Blackwell, on view through August 31. Williamson, who transitioned from luxury goods and property investment to founding the gallery in Milan in 2016, emphasizes a focus on quality, provenance, and long-term value, with a roster of artists selected for technical mastery and distinctive vision.

Heffel’s spring sales, featuring rediscovered royal portrait and E.J. Hughes seascape, tally $16.2m

Heffel's spring auction in Toronto on 21 May achieved a total of C$22.4m ($16.2m), led by E.J. Hughes's seascape *Coastal Boats Near Sidney, BC (1948)*, which sold for C$5.7m ($4.1m)—more than tripling its high estimate and setting a new auction record for the artist. The painting was consigned by Emily Carr University of Art and Design, with proceeds benefiting student awards. Other highlights included works by Mary Pratt, Jean Paul Riopelle, Alex Colville, Takao Tanabe, Tom Thomson, Arthur Lismer, and A.J. Casson, with four lots crossing the million-dollar mark and a 93.75% sell-through rate.

‘I can use it, I can abuse it’: Tony Albert spent decades collecting racist ‘Aboriginalia’. Now he wants to turn yours into art

Tony Albert, a 45-year-old artist of Girramay, Yidinji, and Kuku-Yalanji heritage, has spent decades collecting thousands of objects he terms 'Aboriginalia'—kitsch, caricatured, and often racist depictions of Aboriginal people created by non-Indigenous Australians. His solo exhibition 'Not a Souvenir' opens at the Museum of Contemporary Art (MCA) in Sydney on 21 May, showcasing over 3,000 items from his collection alongside transformed artworks. The MCA is inviting the public to donate additional Aboriginalia items to Albert's collection, which is housed in his Brisbane studio.

Horst Antes at 90: Major Shows Celebrate German New Figuration Pioneer

German artist Horst Antes, born in 1936, is being celebrated with two major exhibitions timed to his 90th birthday. Galerie Koch in Hannover presents a solo show titled “Horst Antes: Exhibition Marking the Artist’s 90th Birthday,” while the Sprengel Museum Hannover concurrently mounts “A Collection,” featuring roughly 80 works from its holdings. The shows highlight Antes’s pioneering role in New Figuration, particularly his iconic “Kopffüßler” (Head-Footer) character, which appears across paintings, sculptures, and works on paper from 1969 to 2014. The Galerie Koch exhibition also foregrounds his “House Pictures,” which explore architecture through non-hierarchical color planes and ambiguous perspective.

A $433 Million Boost for the Market

Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.

Tracking the Biggest Market Players at the Venice Biennale

The 61st Venice Biennale is underway, and while it is officially a non-commercial exhibition, market forces are increasingly influential behind the scenes. Artnet News host Margaret Carrigan reports on auction houses actively participating in opening week, and highlights Sotheby’s upcoming single-owner sale in London featuring works from billionaire Joe Lewis’s collection, expected to exceed $200 million. Meanwhile, Whitechapel Gallery has created a new economist-in-residence position to address ongoing financial strain in museums.

Long-Hidden Keith Haring Artworks Come to Auction

A collection of rare Keith Haring artworks, gifted to his childhood friend Kermit Oswald over nearly three decades, is coming to auction at Sotheby’s Breuer Building in May 2025. The trove includes a self-portrait from 1985 (estimated at $3–5 million), a painted crib and dresser ($250,000–350,000), a carved wood sculpture from 1983 (up to $800,000), and other early works on wood, fabric, and paper. These pieces trace Haring’s artistic evolution before his subway drawings and international fame, and were kept by Oswald, who was Haring’s best friend since kindergarten and later installed his shows.

'The museum is not a space for the elite': Portuguese building firm’s new museum puts workers first

A new museum called Muzeu—Thought and Contemporary Art DST has opened in Braga, northern Portugal, housed in a former courthouse and built by the DST Group, a Portuguese industrial conglomerate. The inaugural exhibition, titled "Let Us Be Realistic, Let Us Demand the Impossible," features over 100 works by 96 artists including Alex Katz, Francesco Clemente, Franz West, and Nan Goldin. The museum prioritizes workers, opening first exclusively for company employees on 24 April, then to the public on Freedom Day (25 April), with free admission for the first week and closure on International Workers' Day (1 May).

Art Transport Hobbled and Prices Surging in Asia Amid US and Israel’s War in Iran

The ongoing conflict involving the United States, Israel, and Iran has severely disrupted the global art logistics network, particularly in Asia. A report in the Art Newspaper details soaring costs and shipping delays, with international air freight for fine art spiking up to 300% due to increased oil prices. Some exhibitions, like a Per Kirkeby show in China, have opened with fewer works, and shipments for Art Basel Hong Kong were stuck at sea for over a month. Shippers are now considering alternative routes, such as the China-Europe Railway Express, to mitigate delays and costs.