priority bidding phillips

Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

art market minute jul 28

Artnet News reports that AI-generated artworks are achieving record prices at art fairs and auction houses, with increasing presence in major exhibitions like the Digital Art Mile during Art Basel and a dedicated AI art auction at Christie's. The article features commentary from Artnet's European news reporter Jo Lawson-Tancred, who discusses how artificial intelligence is transforming both the market and business practices in the art world, while noting lingering concerns about market readiness and ethics.

why no one trusts art prices anymore

Artnet News editor-in-chief Naomi Rea joins Kate Brown on The Art Angle podcast to discuss the unraveling of traditional art pricing logic. The art market has cooled beyond a typical downturn, entering what Rea calls a "danger zone" where dealers and advisors are quietly recalibrating as speculation dries up and confidence wanes. The episode examines how pricing mechanisms that once held the market together have broken down, affecting everyone from mega-galleries to emerging dealers.

top auction results june 2025

The summer 2025 auction season concluded with total sales of $85.7 million, a significant drop from $105 million the previous year. The top lot, François-Xavier Lalanne's *Grand Rhinocrétaire II* (2003), sold for $16.42 million at Sotheby’s New York, far below last June’s $29 million top price. Other notable results include Tamara de Lempicka’s *La Belle Rafaëla* (1927) at $10.18 million, two Jean-Michel Basquiat works, and a strong showing by Jacek Malczewski’s *Reality* (1908) at Desa Unicum in Warsaw.

simon de pury artnet hans neuendorf

Simon de Pury pays homage to Hans Neuendorf, the visionary founder of Artnet, following the announcement of Artnet's sale at the end of May. De Pury recounts Neuendorf's background as a successful art dealer who championed underappreciated artists like Francis Picabia, and describes how Neuendorf revolutionized the art world by creating the world's most comprehensive auction results database in 1989 (initially called Centrox). The article contrasts the pre-digital era of manually filing auction results with the instant access Artnet now provides, and notes that Neuendorf later expanded the platform with Artnet News and Artnet online auctions.

christies first half results 2025

Christie's reported that its auction sales for the first half of 2025 totaled $2.1 billion, identical to the same period last year, suggesting the art market may be stabilizing. However, the $2.1 billion figure marked a 22 percent drop from the first half of 2023, indicating stabilization at a lower level. The house sold seven of the top 10 works at auction, led by Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black, and Blue* (1921) for $47.6 million from the collection of Barnes & Noble founder Leonard Riggio. Luxury sales rose 29 percent, while Old Master sales increased 15 percent, but Asian art and Classics fell 28 percent and 32 percent respectively. The Americas led buyer activity at 45 percent, followed by EMEA at 34 percent and APAC at 21 percent.

canaletto walpole heads to christies auction

Canaletto's painting "Venice, the Return of the Bucintoro on Ascension Day" (1731–32) sold for £31.9 million ($43.9 million) at Christie's Old Masters evening sale in London, setting a new auction record for the Italian painter. The work, which once hung in the offices of Britain's first prime minister Robert Walpole, surpassed its presale estimate of £20 million and is the largest Canaletto composition to appear at market in two decades, noted for its exceptional preservation and execution during the artist's career peak.

marie antoinette pink diamond christies

A 10.38-carat fancy purple-pink diamond known as the Marie-Thérèse diamond, linked to Marie Antoinette's only surviving child, sold for $14 million at Christie's New York on June 17, far exceeding its $3–5 million estimate. The jewel, reworked by Joel Arthur Rosenthal into a ring with a fleur-de-lis motif, was originally part of a tiara and passed through generations of European royalty before being sold at Sotheby's Geneva in 1996. The auction also featured the Blue Belle, a sapphire necklace estimated at $8–12 million.

no artists arent the winners of the new gilded age

The article critiques the current art market frenzy in New York, where fairs and auctions dominate the scene, and argues that the relationship between art and money is being misrepresented in mainstream media. It cites recent op-eds by David Brooks, Tyler Cowen, and Matthew Yglesias, who suggest that wealth inequality benefits artists by boosting the financial returns of fine art. The author counters that these commentators conflate the art market with artists' livelihoods, ignoring the precarious reality most artists face.

art market minute jun 23

Art Basel 2026 confirmed that the global art market remains a buyer's market, with sales occurring across various price brackets. A new generation of collectors is emerging, driven by curiosity, community, and long-term engagement rather than speculation. Meanwhile, former Sotheby's executive Adam Chinn has quietly built the art lending firm International Art Finance, backed by the Nahmad family.

브루클린뮤지엄: 패션디자이너 아이리스 반 페르펜전 'Iris van Herpen: Sculpting the Senses'(5/16-12/6)

The Brooklyn Museum will present the North American debut of "Iris van Herpen: Sculpting the Senses" from May 16 to December 6, 2026. The exhibition features over 140 haute couture creations by Dutch fashion designer Iris van Herpen, displayed alongside contemporary art, design objects, and scientific artifacts. It explores her fusion of traditional craftsmanship with cutting-edge technology, sustainability, and themes from nature and science. The show first opened at the Musée des Arts Décoratifs in Paris in 2023 and has traveled to QAGOMA, ArtScience Museum Singapore, and Kunsthal Rotterdam. The Brooklyn presentation coincides with the museum's annual Brooklyn Artists Ball, where Van Herpen will be honored.

5 exhibitions across the globe celebrating women who shaped art and culture

Five museums across the globe are opening exhibitions this month that celebrate women who have shaped art and culture. The shows include Björk's multidisciplinary "Echolalia" at the National Gallery of Iceland in Reykjavík, Iris van Herpen's New York exhibition, Marina Abramović's historic showing at Venice's Gallerie dell'Accademia, the Tate Modern's first major Frida Kahlo retrospective, and centenary tributes to Marilyn Monroe. The article notes that despite women making up 51% of visual artists worldwide, their work remains underrepresented in public institutions, with 78% of London galleries showing more male than female artists.

All the Looks That Made It From the Runway Into the Met’s “Costume Art” Exhibition

Exciting Spring Exhibitions Across U.S. Museums

Major U.S. museums are launching a series of high-profile exhibitions this spring, headlined by a massive Marcel Duchamp retrospective at the Museum of Modern Art in New York. Other key highlights include the North American debut of Iris van Herpen’s technologically-driven fashion at the Brooklyn Museum and a focused look at Peter Hujar’s photography of the New York underground at the Morgan Library & Museum.

The Brooklyn Museum Presents North American Debut of Iris van Herpen: Sculpting the Senses

The Brooklyn Museum will present the North American debut of "Iris van Herpen: Sculpting the Senses" on May 16, 2026, timed with the annual Brooklyn Artists Ball where Van Herpen will be honored. The exhibition features over 140 haute couture creations alongside contemporary art, design pieces, and scientific artifacts, exploring the designer's fusion of craftsmanship with cutting-edge technology, sustainability, and natural phenomena. Previously shown at the Musée des Arts Décoratifs in Paris, QAGOMA, ArtScience Museum Singapore, and Kunsthal Rotterdam, the show is curated by Cloé Pitiot and Louise Curtis, with the Brooklyn Museum presentation organized by Matthew Yokobosky and Imani Williford.

An Exhibition in Dallas Challenges the Traditional Notions of Jewelry

The Dallas Museum of Art has opened "Constellations: Contemporary Jewelry at the Dallas Museum of Art," its largest-ever exhibition of contemporary jewelry, featuring over 350 pieces by 233 artists spanning eight decades. Curated by Sarah Schleuning, the show emphasizes conceptual ideas over material value, with works made from unconventional materials like found objects, zinc, steel, and fair-trade gold. Highlights include pieces by Iris van Herpen, Andrea Branzi, Harry Bertoia, Ute Decker, Art Smith, and merry renk, displayed in a design by artist and architect Jarrod Beck. A 456-page catalog accompanies the exhibition, which runs through May 3, 2026.

The Red-Hot Market for South Asian Modernism Has a New Star

A 1989 painting by Bangladeshi modernist S.M. Sultan, titled *Untitled (Cultivation)*, sold for $50,800 at Christie’s New York on Wednesday, more than doubling its high estimate of $25,000 and setting a new auction record for the artist. The work was acquired by a South Asian institution. Sultan, who died in 1994, is known for his depictions of muscular peasants and has only 14 recorded auction results, with his previous record of $19,500 set just two months earlier at Sotheby’s.

First Look at the Met’s ‘Costume Art’ Where Every Body Matters, Really

The Metropolitan Museum of Art has unveiled its spring exhibition "Costume Art" in the Condé M. Nast Galleries, featuring around 200 pairings of garments and artworks that trace connections across centuries. The show prioritizes fashion over art, displaying dresses, jeans, body stockings, and bustiers to explore the human form through sections like "Naked and Nude Body," "Corpulent Body," and "Disabled Boy." Chief curator Andrew Bolton emphasizes celebrating body diversity amid threats from AI and politics, with nine individuals—including fashion designer Michaela Stark—scanned to create more realistic mannequins.

Cincinnati Art Museum curator of fashion showcases women designers

This episode of WYSO's Studio Visit series takes listeners to the Cincinnati Art Museum to meet Cynthia Amnéus, the museum's Chief Curator and Curator of Fashion and Textile Arts. Amnéus discusses her focus on women fashion designers, highlighting iconic figures such as Rei Kawakubo (Comme des Garçons), Bonnie Cashin (Coach), Ann Lowe (who designed Jackie Kennedy's wedding dress), and the lesser-known 1930s designer Elizabeth Hawes, whose progressive views on comfort and gender-neutral clothing were ahead of her time. Amnéus also reflects on past exhibitions, including a 2017 show on Iris Van Herpen's 3D-printed sculptural fashion, and her current interest in sustainable designers like Collina Strada and Chopova Lowena.

Mandopop Icon Jay Chou Curates Two Dazzling Sales of Art and Memorabilia

Taiwanese Mandopop superstar Jay Chou has curated two simultaneous auctions on Pharrell Williams's platform Joopiter: one featuring 14 personal memorabilia items from his three-decade career, and another titled "The Contemporary Take: A Look With Jay Chou" offering 25 paintings and prints by international artists. Highlights include works by Oscar Yi Hou, Young-il Ahn, Daniel Richter, Hajime Sorayama, Diane Dal-Pra, Ernie Barnes, and Yoshitomo Nara. Bidding closes on October 31 for the art sale and November 4 for the memorabilia. Proceeds from the memorabilia sale will support a charitable initiative backed by Chou.

Sotheby’s London Notches $63.3 Million Contemporary Sale, as Francis Bacon Portrait Soars

Sotheby's London held a contemporary evening sale on Thursday, totaling £47.6 million ($63.3 million), a significant increase from the £37.6 million ($49.2 million) achieved in the same Frieze-timed sale last year. The auction featured 27 lots, with a sell-through rate of 89%, and was led by Francis Bacon's *Portrait of a Dwarf* (1975), which sold for £13 million ($17.5 million), well above its high estimate. Tom Eddison, Sotheby's co-head of contemporary art, took the rostrum for his first marquee evening auction, guiding measured bidding that saw confident competition, including a cross-Channel contest for the top lot, ultimately won by Johan Nauckhoff for a client.

iris van herpen's colossal body of intricate work on view at the brooklyn museum

Iris van Herpen's exhibition "Iris Van Herpen: Sculpting the Senses" opens at the Brooklyn Museum from May 16 to December 6, 2026, featuring over 140 haute couture creations alongside contemporary art, design objects, and natural history specimens. The show, previewed by designboom, is organized around natural themes from water to planetary scale, with the Dutch designer leading a walkthrough that emphasized her inspirations from micro and macro worlds and her process of turning material experiments into wearable sculptures.

Art Professor Christopher Richards Honored by Museum at FIT Exhibition

Brooklyn College Associate Professor of Art Christopher Richards is being honored with a major exhibition at the Museum at the Fashion Institute of Technology (FIT). The exhibition, "Art X Fashion," is directly inspired by his scholarship on African and global fashion, exploring the relationship between fashion and fine art through over 140 objects from the museum's collection.

Iris van Herpen: Sculpting the Senses

The Brooklyn Museum is presenting "Iris van Herpen: Sculpting the Senses," a major exhibition dedicated to the Dutch fashion designer known for her avant-garde, sculptural garments that blend art, science, and technology. The show features over 80 of van Herpen's most iconic creations, alongside works by contemporary artists and scientific artifacts that inspired her designs.

From Mondrian to Man Ray, Here Are the Best-Sellers at Auction So Far This Year

The article analyzes the best-selling artworks at auction in the first half of 2025, covering Old Masters, Impressionist and Modern, and Postwar categories. Notable sales include a pair of Francesco Guardi views of Venice that sold for $10.5 million at Sotheby’s New York, a Piet Mondrian abstraction from the estate of Barnes & Noble founder Leonard Riggio that fetched just under $50 million, and a monumental rhinoceros-shaped desk by François-Xavier Lalanne that more than tripled its high estimate after a 13-minute bidding war. The report highlights that Old Masters sales were up 24% year-over-year, while top Impressionist and Modern lots saw lower prices compared to 2024.

A Massive Fire Destroyed Her Brooklyn Studio. She Has Only 10 Works Left

A massive fire destroyed Claudia Kaatziza Cortínez's Brooklyn studio in the Beard and Robinson Stores building in Red Hook on September 18, just days before her solo exhibition "Salt and Bone" opened at the Furnace: Art on Paper gallery in Falls Village, Connecticut. The blaze, which required 250 firefighters and a barge to contain, consumed 15 years of archives, tools, and equipment, leaving only the 10 works in the exhibition as the entirety of her art practice. The cause remains under investigation, and the building is off-limits.

Christie’s Quietly Deletes Digital Art Department

Christie’s has quietly dissolved its dedicated digital art department, laying off two staff members including vice president Nicole Sales Giles, as part of a strategic shift to fold digital art sales into its broader 20th and 21st Century Art category. The move follows a two-year contraction in the art market and a dramatic decline in NFT trading volume from $2.97 billion in 2021 to $197 million in 2024, mirroring similar downsizing at Sotheby’s and the shuttering of platforms like Async Art and KnownOrigin.