A rare 17th-century still life by Dutch Golden Age painter Maria van Oosterwijck sold for €406,400 ($477,000) at Christie’s Paris, nearly three times its high estimate, during the auction of the Stern family collection. The painting, titled *A bunch of fruit, berries and flowers hanging in a niche*, achieved the second highest auction price ever for the artist, who is believed to have produced only about 30 works in her lifetime.
The private collection of Hollywood icons Kathryn and Bing Crosby sold at Sotheby's for $6.7 million on December 18. The white-glove auction, held at Sotheby's new Breuer Building location on Manhattan's Upper East Side, surpassed its pre-sale high estimate of $6.3 million, with two-thirds of the lots exceeding their high estimates. The nearly 200-lot sale featured fine art, furnishings, and collectibles, with the top lot being Alfred James Munnings' painting *On the Moors* (1914), which sold for $1.2 million. Other highlights included works by Charles Marion Russell, Pierre-Auguste Renoir, and Corot, as well as nearly 50 lots of Fabergé items that achieved $2 million in sales.
Christie's and Sotheby's have released their projected 2025 sales results, signaling a potential recovery after three years of market contraction. Sotheby's reported total sales of $7 billion, a 17% increase over 2024, with fine art up 15% to $4.3 billion. Christie's posted $6.2 billion, a 6% rise from $5.8 billion in 2024, bolstered by $234 million from its Gooding acquisition. Notable sales include Canaletto's Venice, the Return of the Bucintoro on Ascension Day for £31.9 million at Christie's and a Gustav Klimt painting that sold for $236 million at Sotheby's.
This week's art industry roundup covers major auction results, gallery representation changes, museum leadership shifts, and a high-profile art theft. François-Xavier Lalanne's *Hippopotame Bar* sold for $31.4 million at Sotheby's Breuer headquarters, setting a record for both the artist and design works. A Tiffany Magnolia floor lamp also set a new auction record at Sotheby's, fetching $4.4 million. Meanwhile, a New Jersey auction house quietly sold over $100,000 of Jeffrey Epstein's belongings, including artworks, without disclosing his ownership. In the gallery world, several artists changed representation, and former Clearing director John Utterson joined Thaddaeus Ropac. Museum news includes the Smithsonian's National Museum of Asian Art repatriating three Khmer-era sculptures to Cambodia, Maria Balshaw stepping down as Tate director, MoMA PS1 offering free admission starting January 1, and the Rijksmuseum planning a new branch in Eindhoven. Additionally, eight rare Matisse prints and five works by Candido Portinari were stolen from São Paulo's Mário de Andrade Library.
The article reports on the outlook for the art market in 2026, following a difficult 2025. It notes signs of recovery, including decent sales in Miami and $2.2 billion in marquee New York auctions, but warns of a K-shaped recovery where some sectors will bounce back while others continue to struggle. The piece also highlights a major shift toward the Gulf region, with Art Basel launching in Qatar, Art Dubai celebrating its 20th anniversary, Frieze debuting in Abu Dhabi, and the long-awaited opening of the Guggenheim Abu Dhabi, all signaling commercial maturity in the area.
Kenny Schachter's column reveals that Jeff Bezos secretly bought Frida Kahlo's 1941 painting *Me and My Parrot* for over $130 million in a private auction hosted by Christie's in 2021, and that Mark Zuckerberg recently purchased René Magritte's 1964 painting *Le fils de l'homme* (The Son of Man) for roughly $150 million in another private treaty sale negotiated by Christie's. The article also discusses a new private auction Christie's is organizing for a major Magritte work valued north of $50 million, and critiques the growing influence of tech billionaires—the "Magnificent 7"—on the art market.
Art Basel Miami Beach 2025 opened amid cautious optimism following the $2.2 billion New York auctions, with Google co-founder Sergey Brin and WhatsApp co-founder Jan Koum spotted in Miami. Dealers reported strong sales, including an $18.5 million Joan Mitchell painting at Gray purchased by dealer Lillian Heidenberg. The fair introduced a new digital art section, Zero 10, sponsored by OpenSea and curated by Eli Scheinman, aimed at attracting crypto-wealthy collectors and younger audiences. Meanwhile, Art Basel hired Elena Soboleva, formerly of David Zwirner, as global head of audience growth and intelligence to engage the next generation of collectors.
This week's art industry roundup covers major sales and developments across art fairs, auction houses, and galleries. At Art Basel Miami Beach, strong sales were reported, including an $18 million Warhol at Lévy Gorvy Dayan's booth, while NADA Miami featured around 140 exhibitors. The Art Dealers Association of America announced a new ADAA Fair at the Park Avenue Armory for November 2025, and Design Miami will expand to Dubai in 2027 with Alserkal. In auctions, Fabergé's 'Winter Egg' sold for $30.2 million at Christie's London, becoming the most expensive Fabergé egg ever auctioned, and Rembrandt's etching 'Arnout Tholinx, Inspector' set a world record for an Old Master print at $4.1 million. A rare 15th-century triptych also sold at Sotheby's for $7.6 million. Gallery news includes the formation of Pace Di Donna Schrader Galleries, Hauser and Wirth's acquisition of a Palermo palazzo, and several artist representation changes.
A rare Rembrandt drypoint print, *Arnout Tholinx, Inspector* (ca. 1656), sold for £3.1 million ($4.1 million) at Christie’s London on December 3, setting a new world auction record for an Old Masters print. The work, commissioned by a medical inspector during Rembrandt’s financial struggles, was part of the Sam Josefowitz collection and last appeared at auction 101 years ago. The sale, dedicated to over 100 Rembrandt prints from Josefowitz’s collection, totaled £8.6 million ($11.4 million), with other notable lots including *Christ presented to the People* and *Christ healing the Sick*.
Art Basel Miami Beach 2025 launched a new digital art section called Zero 10, featuring works like Beeple's robotic dogs with billionaire heads and Tyler Hobbs' generative art. The fair aimed to attract tech-sector buyers, with sales including IX Shells' interactive video installation for $140,000 and Jack Butcher's pay-what-you-wish installation drawing hundreds of new collectors. The section had surprisingly few screens, emphasizing conceptual engagement over spectacle.
Selections from actor Gene Hackman's personal collection, including artworks and film memorabilia, were sold across a series of auctions at Bonhams in New York from November 19 to December 4. The three sales collectively realized $3 million, with all 400-plus lots finding new homes. Highlights included a Milton Avery painting that fetched $508,500, a Richard Diebenkorn etching that sold for $419,600, and Hackman's Golden Globe awards, with his trophy for *The Royal Tenenbaums* bringing in $51,200. Hackman, who died in February at age 95, was also an artist himself, having studied at the Art Students League of New York and maintained a studio in Santa Fe.
Bonhams auctioned 29 lots from the collection of late musician and actor Marianne Faithfull in its recurring 'Sound & Cinema' online sale, which concluded on November 24. The lots included eight artworks personally owned by Faithfull, such as an intimate portrait by South African painter Marlene Dumas that sold for $5,806—exceeding its estimate—and works by Anita Pallenberg, Martin Sharp, and others. The entire Faithfull consignment brought in $85,723, with proceeds going to her son Nicholas Dunbar.
Art dealer Jeffrey Deitch shared his impressions of New York's $2.2 billion auction week, praising Sotheby's for its acquisition of the Breuer Building and the intimate atmosphere of its new salesroom. He highlighted the $527 million sale of Leonard A. Lauder's collection, the presence of major figures like Patrick Drahi, Larry Gagosian, and the Mugrabi clan, and lauded auctioneer Ollie Barker's skill. Deitch contrasted the experience with the old days of auction-going, noting the excitement and club-like feeling.
Artnet News reports that David Hockney's 1968 double portrait *Christopher Isherwood and Don Bachardy* sold for $44.3 million at Christie's on November 17, becoming the artist's third-most expensive work at auction. The painting had previously failed to sell at Sotheby's in 1985, bought in at $570,000. Artnet's reporting revealed that the Christie's catalogue omitted the name of Andrew Crispo, a once-prominent New York dealer, from the painting's provenance. The article details Crispo's meteoric rise from a troubled youth in Philadelphia to a savvy art dealer who championed American Modernism, his important clients including Baron Hans Heinrich Thyssen-Bornemisza, and his dramatic fall due to tax fraud, a prison sentence, and the IRS seizure of his inventory.
Artnet Pro has published a roundup of nine artists whose markets it appraised in depth during 2025, including Dorothea Tanning, Gertrude Abercrombie, Emily Kam Kngwarray, Jack Whitten, and Olga de Amaral. The article highlights key market developments for each artist, such as record auction prices, growing international recognition, and shifts in collector interest, drawing on data and expert commentary from dealers, auction-house specialists, and advisors.
The ARTnews industry moves column for November 19, 2025 reports several gallery and institutional changes: Ortuzar partners with the Claire Falkenstein Foundation for a multi-year initiative including a booth at Art Basel Miami Beach and a 2026 exhibition at the San Diego Museum of Art; Jessica Silverman now co-represents GaHee Park with Perrotin; Gurr Johns appoints Robert Goff as president of private sales and Tabor Story as director of private sales; Tara Downs adds Diné/Tlingit artist Nizhonniya Austin to its roster; Kohler Arts/Industry announces its 2026 residency cohort of 12 artists; Upsilon Gallery names Camilla Previ managing director in Milan. The column also highlights the record-breaking $236.4 million sale of Gustav Klimt's 'Portrait of Elisabeth Lederer' at Sotheby's, the highest price for any modern artwork at auction.
Artnet News' Wet Paint column reports on a special auction held at Clemente Bar in New York, where Fair Warning—an app founded by former Christie's executive Loic Gouzer—sold an Andy Warhol portrait of Brigitte Bardot for $14.5 million ($16.7 million with fees). The event, hosted by Gouzer and curator-advisor Lolita Cros, featured former Christie's auctioneer Jussi Pylkkänen and attracted a crowd of high-net-worth individuals, including Greek shipping magnate George Economou, dealer David Mugrabi, artist Tony Shafrazi, and other art-world figures. Bidding started at $7 million, and the winning bid came from an anonymous phone bidder.
Art Basel Hong Kong has announced its exhibitor list for the 2026 edition, featuring 240 galleries from 42 countries and territories, roughly the same size as last year's 242 galleries. The fair runs March 27–29 at the Hong Kong Convention and Exhibition Centre, with preview days on March 25–26. New additions include 32 first-time exhibitors from Australia, Japan, Turkey, France, Germany, and the US, while 33 galleries from the previous edition are absent—some due to closures (Blum, Clearing, Kasmin) or acquisitions (Millan bought by Almeida & Dale). A new sector called Echoes will showcase works created in the last five years, and the Encounters sector will be curated by a team led by Mami Kataoka. Media artist Ellen Pau will oversee the film program for the first time, and Shahzia Sikander has been commissioned to create a public artwork for the M+ Museum facade.
This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.
The International Gallery of Modern Art at Ca’ Pesaro in Venice will host a major solo exhibition of works by British painter Jenny Saville in 2026, coinciding with the Venice Biennale. The show, curated by Elisabetta Barisoni, will run from March 28 to November 22 and feature around 30 paintings spanning Saville's career from the 1990s to the present, including a new series inspired by Venice. Mega-gallery Gagosian, which represents Saville, is supporting the exhibition.
Galleries Sprüth Magers and Skarstedt have announced joint representation of artist George Condo, ending his six-year partnership with Hauser & Wirth. Condo has a long history with both galleries: he first showed with Monika Sprüth in 1984 and was represented by Skarstedt from 2004 to 2019. The announcement comes after a two-venue exhibition earlier this year that involved both Sprüth Magers and Hauser & Wirth. Condo's market remains strong, with recent auction sales exceeding $6 million and a current retrospective at the Musée d’Art Moderne de Paris.
Gagosian has announced representation of the late American painter Richard Diebenkorn (1922–1993), marking the artist's return to the gallery more than thirty years after his final solo exhibition there during his lifetime. To celebrate, the gallery will mount a career-spanning exhibition at its Madison Avenue flagship opening November 8, curated by Jasper Sharp in collaboration with the Richard Diebenkorn Foundation. The show will feature works from every period of Diebenkorn's six-decade career, including early California landscapes, wartime watercolors, and the celebrated Ocean Park abstractions, with highlights such as a 1943 watercolor, a monumental 1960 canvas, and late works on paper.
The article reports on the rapid expansion of the Gulf art scene, with a packed calendar of events from November to March including Abu Dhabi Art, the Diriyah Contemporary Art Biennale, Noor Riyadh, Desert X AlUla, Art Basel Qatar, Art Dubai, and the Sharjah Biennial. Institutional buying is surging as Abu Dhabi prepares to open its Guggenheim, Qatar Museums acquires for the Art Mill, and Saudi Arabia buys for multiple planned museums. The number of collectors is also growing, driven by a "Covid bounce" of high-net-worth individuals relocating from Europe and India to tax-efficient Dubai and Doha, with 6,700 millionaires moving to the UAE in 2024 alone.
René Magritte's surrealist masterpiece *La Magie Noire*, unseen on the market for nearly a century, will be auctioned at Sotheby's Paris later this month with an estimate over $8 million. The painting was originally purchased by the family of WWII resistance heroine Suzanne Spaak, who supported Magritte during a financially difficult period. Separately, three major museums designed by star architect David Adjaye—the Princeton University Art Museum, the Museum of West African Art in Benin City, and the Studio Museum in Harlem—are set to open this fall, but institutions are downplaying Adjaye's involvement following sexual misconduct allegations he denied in 2023. Other news includes Pace Gallery closing its Hong Kong space, Colnaghi opening in Riyadh, and the death of ARTnews owner Milton Esterow.
Jeff Magid, a New York, Los Angeles, and Mexico City–based art collector, plans to open Cuernavaca Tres, a public art foundation in Mexico City, in 2026. In an opinion piece for ARTnews, he argues that the current downturn in the art market—marked by declining sales and gallery closures—is not due to economic cycles or financialization, but rather a simple mismatch: there are more galleries, auctions, fairs, and artists than ever, while the number of buyers has not kept pace. Magid criticizes the luxury retail model adopted by many galleries, which prioritizes exclusivity and status signaling, and contends that this approach fails to attract enough new collectors to sustain the market.
Marian Goodman Gallery has taken on representation of artist Edith Dekyndt, whose multidisciplinary practice spans video, sculpture, installation, and performance, with plans to debut her work at Art Basel Paris in October. In other industry moves, Salon 94 now represents Raven Halfmoon, Timothy Taylor Gallery represents Martha Tuttle, Templon adds Martial Raysse, Acquavella Galleries represents Harumi Klossowska de Rola, and Gagosian has hired Aaron Baldinger as a director. Additionally, Jennie Goldstein has been named the inaugural Kippy Stroud Curator at the Whitney Museum, and Sotheby's will sell a tranche of artworks from the collection of the late Leonard Lauder, including Gustav Klimt's Portrait of Elisabeth Lederer, estimated at over $150 million.
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.
Y.Z. Kami's painting *Messenger (The Forrest)*, priced around $300,000, is currently on offer at Gagosian's Beverly Hills gallery. The work is part of a series the artist began in 2022 based on photographs taken during travels in India. Kami, born in Tehran in 1956 and based in the U.S. since 1984, is known for large-scale portraits in oil on linen. The painting is featured in Kami's exhibition 'The Domes' at Gagosian, which runs through August 8 and includes three Messenger paintings, one already sold. The show marks his first West Coast solo exhibition since 2016–17 at LACMA.
Emily Kam Kngwarray, the prolific Aboriginal artist who began painting in her 70s, is receiving belated international recognition nearly two decades after her death. A landmark survey of her work is currently on view at Tate Modern in London, while major galleries and auction houses are selling her pieces for record prices. The article, part of Artnet News's 'Art Market Minute' series, examines which of Kngwarray's works fetch the highest prices and where market growth potential remains.
Sotheby's Asia faces another leadership shake-up as Elaine Holt departs her role as chairman of modern and contemporary art in Asia after just one year. Jasmine Prasetio, Sotheby's managing director for Southeast Asia, will relocate to Hong Kong to serve as interim chair. Meanwhile, European galleries Meyer Riegger and Galerie Jocelyn Wolff are partnering to open a new space in Seoul called Meyer Riegger Wolff, led by Gala Musi, with an inaugural show during Frieze Seoul. Design Miami will make its Asian debut in Seoul, and London-based artist Firenze Lai has joined White Cube's roster. In Taiwan, the Taichung Green Museumbrary, designed by SANAA, is set to open in December, and the Gwangju Biennale Foundation has appointed Youn Bummo as its new president.