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An early Jean-Michel Basquiat painting, *Crowns (Peso Neto)* (1981), sold for $48.3 million at Sotheby’s contemporary evening sale on Tuesday night, exceeding its pre-sale estimate of $35–45 million. The work, making its auction debut, was created when Basquiat was 21 and features his signature motifs of crowns, black faces, and cartographic lines. Bidding lasted five minutes, with Sotheby’s chairman for China Jen Hua winning on behalf of a phone client. The painting had been held in three private collections over four decades and was previously exhibited at Basquiat’s first solo show at Annina Nosei, documenta 7, the Whitney Museum, and the Fondation Louis Vuitton.

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SmithDavidson Gallery has partnered with London-based Unit gallery to present “Tjukurrpa: The Dreaming,” an exhibition timed to the Tate Modern survey of Emily Kam Kngwarray (1910–1996). The show, on view through August 17, 2025, highlights Kngwarray's work alongside pieces by Warlimpirrnga Tjapaltjarri, Makinti Napanangka, and Paddy Nyunkuny Bedford. Founders David Smith and Gabriëlle Davidson, who have collected Australian First Nations art since 2006, describe how their gallery transformed from a focus on 19th-century European and Impressionist art to a dedicated program for Modern and Contemporary Australian Indigenous art, with ethical standards that benefit artists' communities.

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Artnet News' Wet Paint column reports a wave of gallery closures and rumors in New York's art scene. Blum and Venus Over Manhattan have recently shut down, while Clearing's Bowery space temporarily became a Tank Air clothing pop-up, not a permanent closure. Micki Meng sent a cryptic 'I'm quitting' email but clarified it was a reference to Marcel Duchamp, not a business closure. Jack Barrett Gallery is relocating, not closing, and Tramps has closed its Washington Square Park location while planning a new Paris outpost. Jack Hanley, who closed his gallery in January, is now painting in the Hamptons.

prominent art advisory implodes after 37 years as ex partners fire off lawsuits 2667729

Art advisors Barbara Guggenheim and Abigail Asher, who ran the blue-chip advisory Guggenheim Asher Associates for 37 years, are now locked in a bitter legal dispute. Lawsuits filed in New York Supreme Court allege fraud, tax evasion, misappropriation of funds, abuse, and exploitation. Guggenheim claims Asher misappropriated over $20.5 million in revenue, while Asher counters with accusations of unethical behavior, including using sex and kickbacks to secure artworks and lying to collectors. The firm’s clients included celebrities like Steven Spielberg and Tom Cruise and corporations such as Sony and Coca-Cola.

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Sotheby's has announced the consignment of Roy Lichtenstein's painting *The Ring (Engagement)* (1962) for its May 12 spring contemporary evening sale in New York, with an estimated price of around $50 million. The work, one of the largest from Lichtenstein's iconic 1961–1964 comic-book-inspired series, has had only two owners in its 53-year history, most recently from the collection of Chicago philanthropist Stefan Edlis, who acquired it at Sotheby's in 1997 for $2.2 million.

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This week's art industry roundup covers major developments across art fairs, auction houses, and galleries. Ahead of Art Basel in Basel, Artnet's Editor-in-Chief Naomi Rea investigates how the trade lost control of the pricing narrative amid a market breakdown. The Armory Show announces its 2025 edition with over 230 galleries and new curated sections, while Frieze will open a gallery space in Seoul. Sotheby's London will auction Pauline Karpidas's collection estimated at over $81 million, and a rare Rodin marble sold for $1.2 million. Caroline Lang steps down as chair of Sotheby's in Switzerland after four decades. Gallerist Kamel Mennour donates 180 works to Paris's Musée d'Art Moderne, and Marian Goodman Gallery now represents the estate of Ana Mendieta.

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British artist Stuart Semple has been ordered by a French court to pay €16,000 ($18,200) in damages for selling a blue paint called Easy Klein, which he developed as a tribute to Yves Klein. The ruling, issued on what would have been Klein’s 97th birthday, sided with Klein’s estate and trademark holders—Blue Bay Limited, RUK (the company managing Klein’s copyrights), and Klein’s son Yves Amu Klein—who argued that Semple’s product unfairly capitalized on Klein’s legacy. Semple denies the claims and plans to appeal, stating that the packaging was a satirical riff on Calvin Klein perfume, not an attempt to confuse consumers.

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TEFAF New York is currently running at the Park Avenue Armory through May 13, 2025, drawing large crowds with its cross-category approach spanning fine art, jewelry, design, and antiquities. The article highlights six standout pieces from the fair, including Judy Kensley McKie's animal-motif furniture at Delorenzo Gallery, Zaha Hadid's 'Liquid Glacial' coffee table at David Gill Gallery, and Indigenous Australian artist Mantua Nangala's dot paintings at Salon 94. Other notable works include Camilla Moberg's glass sculpture 'Goldie' at Galerie Maria Wettergren, Etienne Henri Martin's mid-century lounge chairs at Demisch Danant, and Robert Cottingham's painting 'Meat Counter' at Galerie Georges-Philippe and Nathalie Vallois.

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Belgian billionaire Guy Ullens, a key figure in promoting Chinese contemporary art, died at age 90. His death was announced by the Ullens Center for Contemporary Art (UCCA) in Beijing, which he founded in 2007 as one of China's first privately run contemporary art centers. The article also covers Art Basel Hong Kong, Art Dubai's digital art sales, Gallery Weekend Beijing's new invitation-only system, Bluerider Art's expansion to Los Angeles, the appointment of Ho Tzu Nyen as artistic director of the 16th Gwangju Biennale, the Turner Prize 2025 shortlist, the opening of New Taipei City Art Museum, and Saudi Arabia's new typefaces.

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Pablo Picasso's 1932 painting *Femme à la montre*, depicting his lover Marie-Thérèse Walter, sold for $139.4 million (including fees) at Sotheby's New York during the highly anticipated Emily Fisher Landau sale. The work, estimated at $120 million, was the centerpiece of the auction, with bidding starting at $95 million and concluding after a two-minute standoff among three phone bidders, including one from Asia. Brooke Lampley, Sotheby's head of global fine art, secured the winning bid on behalf of a client. The sale was handled by Sotheby's, which won the right to auction the estate of Landau, a longtime Whitney Museum board member and private collector.

5 Highlights of Art Düsseldorf

5 Highlights der Art Düsseldorf

The Art Düsseldorf contemporary art fair has opened its latest edition, showcasing a diverse range of works that balance humor with urgent political and global themes. Highlights from the fair include Christian Jankowski’s monumental sculptures based on children's clay models at Galerie Crone, Julian Charrière’s environmentally conscious installations at Dittrich & Schlechtriem, and Jody Korbach’s satirical paintings that reference German art history and pub culture at Petra Martinez.

The Box Shutters in Los Angeles After Nearly Two Decades

The Box, a pioneering Los Angeles gallery known for its nonprofit-style support of experimental and performance art, has announced its closure after nearly two decades. Founded in 2007 by Mara McCarthy, the gallery’s final exhibition featured late California painter Wally Hedrick, and a closing event will include a fashion show by Johanna Went. Mara McCarthy cited the shifting market for her father Paul McCarthy’s work and the loss of family homes in the Eaton Fire as factors behind the decision.

Art Movements: Frieze Partners With ... the Whitney?

Frieze New York announced a partnership with major New York cultural institutions, including the Whitney Museum of American Art and Dia Art Foundation, to present performances and exhibitions timed with its May fair. The Whitney will show Jonathan González's "Body Configurations," while Dia will display David Lamelas's video work. This initiative explicitly aims to extend the fair's presence beyond its commercial venue into established museums.

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The 2025 edition of TEFAF Maastricht has opened with 277 dealers from 24 countries, showcasing 7,000 years of art history despite significant geopolitical instability in the Middle East. While the fair remains a premier destination for Old Masters and high-end antiques, exhibitors are navigating logistical hurdles caused by regional conflicts and airport closures in major transit hubs like Dubai.

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Vinegar Syndrome has released a new 4K UHD and Blu-ray restoration of 'Office Killer', the only feature film directed by renowned photographer Cindy Sherman. Originally released in 1997 to critical derision and box-office failure, the film follows a meek magazine editor who begins murdering her colleagues during a period of corporate downsizing. The restoration highlights Sherman's transition from her iconic 'Untitled Film Stills' to the more visceral, abject imagery of her 'Disasters' and 'Sex Pictures' series.

phillips reveals lineup for its march sales in london including scandinavian masterworks and 800 k emin painting 1234774500

Phillips has unveiled the lineup for its upcoming Modern and Contemporary art sales in London, scheduled for March 5 and 7. The auctions are headlined by a significant group of Scandinavian masterworks from the collection of former US Ambassador John L. Loeb, led by Vilhelm Hammershøi’s "Interior of Woman Placing Branches in Vase on Table" (1900), estimated at up to £2 million. Other major highlights include a rare Andy Warhol "Mao" painting, a Banksy work formerly owned by Robin Williams, and pieces by Tracey Emin, El Anatsui, and Donald Judd.

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John Phelan, a prominent art collector and the current U.S. Secretary of the Navy, flew on Jeffrey Epstein's private plane in 2006, according to newly released flight logs. The trip from London to New York occurred four months before Epstein's first indictment, and a friend of Phelan's confirmed the flight but stated it was his only interaction with the convicted sex offender.

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The Art Gallery of Ontario (AGO) chose not to acquire Nan Goldin's 2024 video "Stendhal Syndrome" due to the artist's comments on Israel's war in Gaza, according to a report by the Globe and Mail. The work, which shows blurred images of semi-nude figures and sculptures, was instead purchased by the Vancouver Art Gallery and the Walker Art Center in Minneapolis. An AGO acquisitions committee voted against the acquisition, with internal memos citing Goldin's past statements—including her description of the war as a "genocide" and her criticism of weaponized antisemitism—as the reason. The decision led to the resignation of curator John Zeppetelli and two unnamed committee members, and prompted director Stephan Jost to call for a review of the committee's processes.

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Martin Parr, the acclaimed British photographer known for his wry, colorful images of tourists and leisure culture, died on December 6 at his home in Bristol, England, at age 73. His death was announced by the Martin Parr Foundation, which noted he had been diagnosed with myeloma in 2021. Parr was a longtime member of Magnum Photos and published countless photobooks, shot fashion campaigns for Vogue and Gucci, and created iconic series such as "The Last Resort" (1983–85) and "Small World" (1987–94). A retrospective themed around climate change and overtourism is planned for 2025 at the Jeu de Paume in Paris.

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Christie’s announced a projected sales total of $2.1 billion for the first half of 2025, matching its H1-2024 figure. While art categories like Impressionist, modern, and Old Masters saw modest growth—Old Masters sales rose 15% to $55 million—luxury categories (handbags, watches, cars, jewelry) surged nearly 30% to $468 million, now accounting for 22% of the total. Notable sales included René Magritte’s *La reconnaissance infinite* (1933) for £10.3 million and Piet Mondrian’s *Composition with Large Red Plane, Bluish Grey, Yellow, Black, and Blue* (1922) for $46.7 million. Guaranteed lots remained low at 1.5%, and the sell-through rate held steady at 88%.

how darren bader makes show amy winehouse weight machine 1234764467

Darren Bader's first exhibition with Matthew Brown Gallery in New York, titled "Youth," features his signature conceptual works that blur the line between humor and philosophical inquiry. The show includes pieces like "jam on It," a mound of fruit spread placed on a Stephen King novel, and a bin soliciting sock donations, including a pair printed with Edgar Allan Poe's face and injected with Botox. Gallery director Jack Eisenberg describes the challenges of sourcing jam in New York, highlighting the absurd yet meticulous nature of Bader's practice.

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Wafaa Bilal has been named the recipient of the 2025 ARTnews Award for Established Artist, recognizing his survey exhibition “Wafaa Bilal: Indulge Me” at the Museum of Contemporary Art, Chicago (February 1–October 19, 2025). The show is the first major retrospective for the Iraqi American artist, featuring works that put his body at risk, including the iconic performance *Domestic Tension* (2007), in which remote participants fired a paintball gun at him over the internet, and *Virtual Jihadi* (2008), a modified video game that blurs the lines between aggressor and victim. Curated by Bana Kattan, the exhibition restages elements of Bilal’s original performance and presents his ongoing critique of U.S. involvement in the Middle East, particularly the Iraq War and the use of drone warfare.

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A gala performance at the Guggenheim Museum in New York marked what would have been Robert Rauschenberg's 100th birthday, featuring dancers performing Paul Taylor's 'Tracer' (1962), for which Rauschenberg created costumes and sets—including a spinning bicycle wheel that served as a portal to the exhibition above. The show, 'Robert Rauschenberg: Life Can’t Be Stopped,' opened in one of the museum's tower galleries and runs through May 3, presenting select works from the Guggenheim's collections and loans from the artist's foundation, including major pieces like 'Barge' (1962–63), the largest silkscreen painting Rauschenberg made in the early 1960s, back in New York for the first time in nearly 25 years.

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Christie's, Sotheby's, and Phillips reported their first-half 2025 auction sales, with Christie's leading at nearly $1.5 billion (down 1.9% year-over-year), Sotheby's at $1.2 billion (down 14%), and Phillips at $190.1 million (down 24.5%). The top lot was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922), sold for $47.6 million from Len Riggio's collection. Separately, the British Museum announced its inaugural ball on October 18, promoted by director Nicholas Cullinan, and Sotheby's opened its first public art exhibition in Abu Dhabi featuring works by van Gogh, Kahlo, and others. UNESCO launched a Virtual Museum of Stolen Cultural Objects, and Heritage Auctions sold part of Guillermo del Toro's "Bleak House" collection for $1.65 million.

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Thieves stole gold worth approximately €600,000 ($700,000) from the Natural History Museum in Paris's Fifth Arrondissement, using an angle grinder and blowtorch to break in during the night. The robbery was detected on Tuesday morning, and the museum's mineralogy gallery closed afterward. Separately, five members of the punk art collective Pussy Riot were sentenced in absentia by a Moscow court to 8–13 years for spreading false information about the Russian military, linked to a 2022 antiwar video. Other news includes the identification of manganese blue in a Jackson Pollock painting, a protest banner at Windsor Castle, new acquisitions at the Norton Museum, an upcoming Victoria and Albert Museum exhibition on Marie Antoinette, a gallery move in New York, and a preview of Calder Gardens in Philadelphia.

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Sotheby's has secured a major consignment of approximately $400 million in art from the collection of the late Leonard Lauder, who died in July at age 92. The highlight is Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), expected to fetch over $150 million, potentially shattering Klimt's auction record. The sale also includes two other Klimt landscapes, six bronzes by Henri Matisse, a $20 million Edvard Munch painting, and an Agnes Martin work, totaling 55 artworks. The auction will inaugurate Sotheby's new space in the former Whitney Museum building, designed by Marcel Breuer.

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An Argentine court has charged Patricia Kadgien, 58, and her husband, the daughter and son-in-law of Nazi official Friedrich Kadgien, with concealing looted artworks. The charges follow a police raid on their Mar del Plata home after a snapshot of a looted Baroque painting by Giuseppe Ghislandi appeared in an online real estate listing. The painting, once owned by Jewish collector Jacques Goudstikker, was recovered along with 22 works by Henri Matisse and others, whose provenance is under investigation. Separately, iconic designer Giorgio Armani has died at 91 in Milan; he was a noted contemporary art supporter, subject of a 2000 solo exhibition at the Solomon R. Guggenheim Museum, and founder of the Armani/Silos cultural venue. The Louvre has appointed Bénédicte Savoy as its next "Chaire du Louvre," a position from which she will deliver lectures on the museum's collections, continuing her advocacy for repatriation of African art.

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Los Angeles-based painter Lauren Quin has joined Pace Gallery, following the closure of her previous gallery Blum & Poe earlier this summer. Her first exhibition at Pace's Los Angeles space is scheduled for 2026, and her work will also appear in the gallery's booth at Frieze Seoul next month. Quin, known for densely layered abstractions, has been on a rapid ascent since earning her MFA from the Yale School of Art in 2019, with her paintings held by major institutions including the Museum of Contemporary Art in Los Angeles, the Walker Art Center, and the Hirshhorn Museum. Pace founder Arne Glimcher, a longtime supporter, gave Quin a solo show at Pace-affiliated 125 Newbury in 2024, which she credits as a turning point in her practice.

Lalanne mirrors owned by Yves Saint Laurent and a classic Diane Arbus photo: our pick of the April auctions

Major auction houses are preparing for a series of high-profile sales in April, headlined by a suite of fifteen gilt-bronze mirrors by Claude Lalanne. Originally commissioned for the Paris apartment of fashion icon Yves Saint Laurent and Pierre Bergé, the mirrors are expected to fetch between $10m and $15m at Sotheby’s. Other notable lots include a rare Diane Arbus photograph from the collection of Lily Tomlin and Jane Wagner, a pastoral landscape by Russian artist Konstantin Somov, and a centuries-old drawing based on Albrecht Dürer’s famous rhinoceros woodcut.

Radiohead Hits the Road With a Haunting Immersive Installation

Radiohead has announced a North American tour for "Motion Picture House," a massive 17,000-square-foot immersive audiovisual installation. The project features a 75-minute film titled Kid A Mnesia, directed by Sean Evans, which incorporates art created by frontman Thom Yorke and longtime collaborator Stanley Donwood. Launching at the Coachella festival before traveling to cities like Brooklyn and Mexico City, the experience combines surround-sound studio recordings with physical galleries displaying the original source art from the band's seminal turn-of-the-century albums.