A major auction of Apple memorabilia and personal items belonging to Steve Jobs realized $8.1 million. The top lot was the first check ever issued by Apple, signed by founders Steve Jobs and Steve Wozniak in 1976, which sold for $2.4 million. Other significant items included an early Apple-1 prototype board and personal effects from Jobs's childhood home, including his bedroom desk and a collection of bowties.
The Santa Fe home of the late actor Gene Hackman and his wife Betsy Arakawa has been listed for sale at $6.25 million. The 13,000-square-foot hilltop compound, designed by architect Ed Boniface, includes a main residence, guesthouse, and a studio where Hackman painted, all set within a gated community with expansive mountain views.
Three paintings by Bob Ross sold for up to thirteen times their high estimates at a Bonhams Skinner auction, raising $1.3 million for American Public Television. The top lot, 'Change of Seasons' (1990), painted live on his TV show, fetched $787,900, setting a new high for Ross at a traditional auction house.
The United Kingdom has imposed a temporary export bar on Claude Lorrain's masterpiece "Landscape with Rural Dance" (c. 1640), valued at £9 million ($12 million), to prevent it from leaving the country. The painting, which has hung at Woburn Abbey for over 250 years, is being sold by the Duke of Bedford to fund a major renovation project. The export bar, recommended by a reviewing committee that deemed the work of "outstanding aesthetic importance," gives UK institutions until April 15 to express intent to acquire the painting for the nation.
The di Rosa Center for Contemporary Art in Napa, California, has listed its 217-acre estate for $10.9 million amid ongoing financial struggles. The property, which houses a significant collection of postwar Northern California art including works by Mark di Suvero, Peter Saul, and Jay DeFeo, was founded by collector Rene di Rosa and his wife Veronica. The center has been seeking financial stability since 2019, when it briefly attempted to sell its holdings before reversing course after local backlash. Director Kate Eilertsen hopes a wealthy philanthropist will purchase the estate and lease it back to the center, or that Napa County may acquire the land for public use while preserving the sculptures.
Frank Lloyd Wright's Walser House, a rare Prairie-style home in Chicago's Austin neighborhood, is returning to market after being acquired by Fannie Mae through foreclosure. The house has been vacant and neglected since 2019, when its long-time owner died, and requires an estimated $2 million in restoration work. A foreclosure sale in December 2025 failed when preservation advocates were priced out by a minimum bid of $240,000, well above the property's appraised value of $65,000. Fannie Mae now holds the title and is preparing the property for listing, offering a potential path to new ownership.
A fake listing on Zillow claimed that Frank Lloyd Wright's Walser House in Chicago was for sale for $350,000, prompting widespread attention. The Frank Lloyd Wright Building Conservancy investigated and confirmed the listing was fraudulent, warning it may have been an attempt to defraud potential buyers. The 123-year-old house, which is uninhabitable and requires at least $2 million in restoration, is actually owned by Fannie Mae after a foreclosure and is not currently on the market.
Italian fashion designer and art collector Valentino Garavani died in Rome on January 19 at age 93. Born in Voghera, he moved to Paris for fashion studies, worked for Jean Dessès and Guy Laroche, then launched his own brand in Rome in 1959. Known for elegant gowns worn by icons like Jacqueline Kennedy Onassis and Princess Diana, he retired in 2008. Garavani and his longtime business partner Giancarlo Giammetti built significant art collections; Garavani sold a Basquiat painting for $67 million at Christie’s in 2023, and Giammetti sold another for $93 million in 2021. Garavani also owned works by Warhol, Lichtenstein, and de Kooning. In 2024, he opened PM23, an exhibition space in Rome run by the Fondazione Valentino Garavani and Giancarlo Giammetti, which launched its second show, “Venus,” featuring Joana Vasconcelos, two days before his death.
California College of the Arts (CCA), the Bay Area's last private art and design school, will close after the 2026–27 academic year, ending 116 years of operation. Vanderbilt University will acquire CCA's San Francisco campus and open a West Coast outpost in 2027, continuing some art and design programs. The closure follows years of financial struggles, including a $20 million deficit, declining enrollment from 1,800 to 1,295 students, and emergency fundraising that raised nearly $45 million—including a $22.5 million matching gift from the Jen-Hsun and Lori Huang Foundation and a $20 million state grant—but proved insufficient to ensure long-term independence.
Artnet's Price Database reveals signs of recovery at the top end of the art market in 2025, following three years of contraction. The article highlights gains in high-value sales, exemplified by Gustav Klimt's "Bildnis Elisabeth Lederer" pictured at Sotheby's Marquee Sales Series in New York. It also notes a growing trend of small and emerging galleries working with artists' estates, and reports that roughly half of art-backed loans by non-bank businesses defaulted in 2024.
Seven years after an undercover sting in Nice, France, recovered a cache of stolen artworks including several by Pablo Picasso, ten defendants are now on trial. The 2017 police operation, triggered by a tip from Belgium, involved officers posing as Swiss buyers who met a seller at a Nice hotel and were led to a house in Peillon filled with stolen pieces. Among the recovered works were Picasso's *Le vieux roi* and *Le clown*, along with other items traced to a burglary in Saint-Paul-de-Vence and an armed robbery in Èze. The trial consolidates earlier investigations into a suspected art theft and fencing network, with prosecutors alleging the Peillon property served as a storage and sales hub.
Sotheby's announced that $1 billion worth of fine art and luxury goods will be unveiled during Abu Dhabi Collectors' Week, running from December 2 to 5. The event includes non-selling exhibitions of high-value artworks, such as a Rembrandt drawing and Gustav Klimt's 'Dame mit Fächer,' while luxury items like McLaren racing cars, a Jane Birkin handbag, diamonds, and real estate will be offered at auction or privately, with over $150 million going to auction and $100 million in private sales.
Sotheby's will hold its second auction in Saudi Arabia, titled "Origins II," on January 31 in Diriyah, following its first auction in the kingdom in February 2024. The inaugural sale, also called "Origins," achieved $17.3 million within pre-sale estimates but had a 65.8% sell-through rate, with 40 of 117 lots unsold, particularly jewelry and handbags. The upcoming auction will focus exclusively on fine art, featuring over 70 works by international and Middle Eastern artists, including Anish Kapoor, Andy Warhol, Mohammed Al Saleem, Mahmoud Sabri, and Samia Halaby. The sale is scheduled just before the inaugural Art Basel Qatar.
In this year-end roundup episode of The Art Angle, co-hosts Kate Brown and Ben Davis, joined by Artnet Pro editor and art critic Andrew Russeth, review the defining trends, themes, and stories of 2025. They cover the art market's slump and subsequent rebound in New York's fall auctions and Art Basel Miami Beach, the political impact of Trump 2.0 on arts funding and museum governance, the question of a 'post-woke' art world, the return of digital art, and the ongoing power of red chip art. The episode also highlights the multi-front crisis facing institutions due to changing public expectations, rising costs, and political shifts, alongside lighter, unusual stories from the art world.
Phillips reported global sales of $927 million for 2025, a 10% increase over the previous year. Auction sales accounted for $725 million, while private sales surged 66% to $202 million. The auction house attributed growth to the launch of Priority Bidding, a platform offering reduced buyer's premiums for early bids, which led to a 275% increase in early selling bids. Phillips achieved an 88% sell-through rate by lot, with seven white-glove auctions and over 110 world auction records. Notable sales included a Patek Philippe watch for $17.6 million and Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) for $16 million. The luxury watch division generated $290 million, its highest annual total, and the Dropshop platform attracted many first-time and younger buyers.
Christie's closed 2025 with $6.2 billion in projected global sales, a nearly seven percent increase from $5.8 billion in 2024 and in line with its 2023 total. Auction sales reached $4.7 billion, up eight percent year-over-year, while private sales held steady at $1.5 billion. The year's top lot was Mark Rothko's *No. 31 (Yellow Stripe)*, which sold for $62.1 million in New York. Other highlights include a record Picasso sale in Hong Kong ($25.4 million) and the Fabergé Winter Egg in London (£22.9 million). The house also saw strong performance from its automobiles business, Gooding Christie's, which delivered $234 million in sales. Geographically, the Americas grew 15 percent to $2.58 billion, while Asia-Pacific slipped 5 percent.
Frank Frazetta's iconic painting *Conan the Berserker* (1967) is being auctioned at Heritage Auctions with an opening bid of $10 million. The work, originally created for the cover of the 1967 paperback *Conan the Conqueror*, has become one of the definitive images of the fantasy hero. This year alone, five Frazetta paintings have sold for over $1 million, including *Man Ape* (1966) which fetched $13.5 million in September. The artist's total sales volume was just $674,640 in 2018, according to the Artnet Price Database.
The original painting for the 1977 Star Wars movie poster, created by artist Tom Jung, sold for $3.9 million at Heritage Auctions, becoming the most expensive object associated with the Star Wars franchise to date. The acrylic and airbrush artwork served as the half-sheet poster for Star Wars: Episode IV – A New Hope and features a triangular composition of characters like Luke Skywalker, Princess Leia, and Darth Vader. The painting was consigned by Melissa, daughter of producer Gary Kurtz, and surpassed the previous record for movie poster art.
Christie’s announced a single-owner sale titled “Visions of the West” featuring artworks from the collection of billionaire Bill Koch, to be held over two sessions on January 20 and January 21. The sale includes dozens of works by artists who depicted the American West and frontier, such as Frederic Remington, Charles Marion Russell, and Albert Bierstadt, with highlights including Remington’s painting *Coming to the Call* (estimated $6–$8 million) and Russell’s *The Sun Worshippers* ($4–$6 million). Koch, 85, is the lesser-known of the four Koch brothers and an avid art collector, who also recently sold part of his wine collection through Christie’s.
François-Xavier Lalanne’s copper sculpture-bar 'Hippopotame Bar' sold for $31.4 million at Sotheby’s in New York, more than tripling its $7–10 million estimate after a 26-minute bidding war among seven bidders. The work, commissioned in 1976 by patron Anne Schlumberger and unique in its copper execution, set a new auction record for the artist and became the most expensive work of design ever sold at auction. The sale capped a year of strong performance for Lalanne’s hybrid animal-furniture works, which have consistently outperformed expectations even in a tougher art market.
Francis Ford Coppola sold a collection of seven personal watches at Phillips New York in early December 2025, raising millions to offset financial losses from his film Megalopolis (2024). The sale was led by a unique watch he co-designed with F.P. Journe, known as the FFC, which sold for $10.8 million—ten times its estimate and a world record for the brand. Other timepieces, including a Patek Philippe and a Breguet, also far exceeded their high estimates.
Artnet News analyzed the 10 most expensive lots sold at auction in 2024, drawing on the Artnet Price Database. The top lot was René Magritte's *L'Empire de Lumières* (1954), which sold for $121.2 million at Christie's New York in November, setting a new auction record for the artist and becoming the only work to break nine figures this year. Other notable sales included Ed Ruscha's *Standard Station, Ten-Cent Western Being Torn in Half* (1964) at $68.3 million, Claude Monet's *Nymphéas* (1914–17) at $65.5 million, and Jean-Michel Basquiat's *Untitled (ELMAR)* (1982) at $46.4 million. Seven of the top 10 lots sold in New York, with Hong Kong, London, and Vienna also represented.
A 16th-century portrait of Thomas Howard, the 4th Duke of Norfolk, by Hans Eworth sold for £3.2 million ($4.2 million) at Sotheby’s Old Masters sale in London on December 4, setting a record as the most expensive Elizabethan portrait ever sold. The painting was purchased by the art advisory Clore Wyndham on behalf of the Duke of Norfolk and the trustees of Arundel Castle, where it will be displayed. The work, painted in 1562, depicts Norfolk at the height of his political power, dressed in opulent Tudor fashion, and is one of only two known portraits of him.
An exhibition of work by late Arte Povera artist Marisa Merz, planned for the Fridericianum museum in Kassel, Germany, has been canceled by her daughter Beatrice Merz. Beatrice, president of the Fondazione Merz, called off the show in protest of Documenta's newly adopted Code of Conduct, which uses the International Holocaust Remembrance Alliance (IHRA) definition of antisemitism. The exhibition was originally scheduled to open in August 2025 and was replaced with a Robert Grosvenor survey. The cancellation was confirmed by Andreas Hoffmann, managing director of Documenta and the Fridericianum.
Barbra Streisand posted on Instagram expressing regret over selling Gustav Klimt's "Ria Munk on her Deathbed" (1912), which she owned for 30 years. The post came three days after another Klimt portrait set a record at auction. Streisand bought the painting in 1969 for $17,000 and sold it in 1999, explaining she had shifted her interest to Frank Lloyd Wright and the Arts & Crafts movement.
A long-lost painting by Peter Paul Rubens, unseen for four centuries, was sold at auction in Versailles for €2.94 million ($3.4 million), nearly double its high estimate. Created in 1613, the work depicts Jesus Christ on the cross and was discovered in a private Paris townhouse by auctioneer Jean-Pierre Osenat. The painting was authenticated by German art historian Nils Büttner through X-ray imaging and pigment analysis, and its provenance traces back to the 19th-century French painter William-Adolphe Bouguereau.
Sotheby's London has announced the full lineup for its Old Master and 19th century evening sale on December 3, featuring 31 works defined by exceptional scholarly significance and rare discoveries. Half of the lots have been hidden from public view for over a century, and 12 have not appeared on the secondary market in 40 years. Top lots include Hans Eworth's portrait of Thomas Howard (estimate £3 million), Pieter Brueghel the Younger's The Census at Bethlehem (£5 million), a rediscovered Peter Paul Rubens oil sketch (£3 million), and a Rembrandt portrait of Saint John on Patmos (£7 million). The sale also includes works from the collection of Dr Hinrich Bischoff, such as Lucas van Valckenborch's Autumn: Landscape with Archduke Matthias of Austria (£800,000).
Collector Charles Cahn has filed a lawsuit against Sotheby’s in New York Supreme Court, alleging the auction house reneged on a buy-back agreement made in 2016 regarding a Modigliani portrait he purchased in 2003. Cahn paid $1.55 million for *Portrait de Leopold Zborowski* at a Sotheby’s Impressionist and modern sale, and later agreed to consign the work back to Sotheby’s if he sold it within 15 years, with the house guaranteeing the greater of the original price plus 2.5% annual compound interest or the future sale price, and waiving vendor fees. However, Cahn claims that in April 2016, Sotheby’s own appraisal questioned the painting’s authenticity, stating it failed certain criteria and would have no sale value in the international art market. Despite Cahn’s letters in June and September 2024, Sotheby’s has not responded, leading to the breach-of-contract claim seeking at least $2.7 million in damages.
A 1987 Bob Ross painting, *Cabin at Sunset*, sold for $1.04 million in a benefit auction hosted by late-night comedian John Oliver, setting a new auction record for the artist. The work was painted during the second episode of the 10th season of Ross's television series *The Joy of Painting*. The online sale, which concluded November 24, included 65 eclectic lots—from presidential wax figures to a signed bucket of dolls—and raised funds for the Public Media Bridge Fund, which supports independent broadcasters amid federal cuts to public broadcasting.
Frida Kahlo's 1940 painting *El Sueño (La Cama)* sold for $54.7 million at Sotheby's New York, setting a new auction record for the most expensive work by a woman artist, surpassing Georgia O'Keeffe's *Jimson Weed, White Flower No. 1* ($44.4 million in 2014). The sale sparked widespread commentary, with many framing it as a milestone for gender equity in the art market, while others noted the persistent gap between this price and those achieved by male artists like Leonardo da Vinci ($450.3 million) and Gustav Klimt ($236.4 million).