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Sotheby's design sale in New York achieved the second highest auction price ever for a work by French artist François-Xavier Lalanne, with his monumental sculpture desk *Grand Rhinocrétaire II* (1964) selling for $16.4 million—more than triple its $5 million high estimate. The piece, which opens into a fully functional writing desk, sparked a 13-minute bidding battle. Just weeks earlier, another Lalanne work, *Bar aux Autruches* (1967–68), sold for €11.1 million at Sotheby's Paris. The all-time record for Lalanne remains $19.4 million for *Rhinocrétaire I*, sold at Christie's Paris in 2023.

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Fashion brand Frame has released a clothing collaboration with Sotheby’s, featuring loungewear, jeans, jackets, and accessories that prominently display the auction house’s logo. The capsule collection, described as a first-of-its-kind partnership, includes items like a $228 beach towel, $278 shorts, and a $1,298 cashmere sweater, modeled by Sotheby’s staff including SVP Ashkan Baghestani and AVP Kelly Pyrtle.

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One of J.M.W. Turner's earliest oil paintings, *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol*, painted when he was 17, will be auctioned at Sotheby's London with an estimate of £200,000–£300,000. The work had been misattributed for decades and sold last year at Dreweatts for just £600–£800 as a work by a follower of Julius Caesar Ibbetson, before cleaning revealed Turner's signature. The painting was originally exhibited at the Royal Academy in 1793 and had not been publicly displayed for 167 years.

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Christie's marquee auctions in New York generated $489 million across two sales, led by the $272 million 'Leonard & Louise Riggio: Collected Works' sale and a $217 million 20th century art evening auction. The house guaranteed all 39 lots in the Riggio sale and used third-party guarantees on many others to mitigate risk in a soft market. Top lots included Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black, and Blue* (1922) at $47.6 million, Claude Monet's *Peupliers au bord de l'Epte, crépuscule* (1891) at $49.2 million, and Mark Rothko's *No. 4 (Two Dominants) [Orange, Plum, Black]* (1950–51) at nearly $39 million. Two Warhols were pulled before the sale, highlighting ongoing challenges in selling high-value works at auction.

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Sotheby's held a marathon night of three sales in New York, totaling $186.1 million in contemporary and ultra-contemporary art. The evening began with single-owner sales from the collections of the late dealer Barbara Gladstone and veteran dealer Daniella Luxembourg, both achieving 'white glove' results with no buy-ins. The main sale featured 42 lots, led by Jean-Michel Basquiat's *Untitled* (1981), which sold for $16.4 million. Overall, 66 of 69 lots sold, with a 94% sell-through rate, though the total fell short of the $234.6 million achieved in the equivalent sale last year.

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Sotheby's Modern art evening sale in New York generated $186.4 million in total sales after fees, but the headline was the failure of Alberto Giacometti's 1955 sculpture *Grande tête mince (Grande tête de Diego)*, estimated at $70 million, which failed to receive a single bid. Despite the high-profile flop, Sotheby's walked away with $34.4 million in buyer's premium net of fees paid to third-party backers, and because it did not guarantee the Giacometti, it faced no financial risk from the unsold lot. The top seller was Pablo Picasso's *Homme assis* (1969), which sold for $15.1 million with fees. The sale's sell-through rate was 76.9 percent, and the hammer total of $152 million fell $88.3 million below the presale low estimate.

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Sotheby's modern art evening sale in New York on Tuesday night achieved $186.4 million with buyer's premium across 60 lots, with a sell-through rate of 83.3%. Top lots included Pablo Picasso's *Homme assis* ($15.1 million), Georgia O'Keeffe's *Leaves of a Plant* ($13 million), and a new auction record for Paul Signac's *Saint-Georges. Couchant (Venise)* ($8.1 million). However, the sale was overshadowed by the failure of Alberto Giacometti's *Grande tête mince*, a 1955 bronze bust estimated north of $70 million, which went unsold after bidding stalled at $64 million.

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A rare Frank Lloyd Wright lamp, the Double-Pedestal lamp, sold at Sotheby’s Modern Evening Auction on May 13 for $7.5 million, far exceeding its $3–5 million estimate after an 11-minute bidding war. Designed in 1902 for the Susan Lawrence Dana House in Springfield, Illinois, the lamp is one of only two surviving examples; the other remains in the house’s collection. The sale set a new auction record for a Wright work, surpassing the previous high of $2.9 million for a 1902 ceiling light sold in 2023.

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A 1955 bronze bust by Alberto Giacometti, estimated at $70 million, failed to sell at Sotheby's modern evening auction in New York on May 13, 2025. The sculpture, from the estate of real estate magnate Sheldon Solow, was offered without a guarantee and bidding reached $64 million before the lot was pulled after four minutes, likely because the reserve price was set above that amount. Auctioneer Oliver Barker presided over the sale, which Sotheby's CEO Charles Stewart described as an organic auction moment despite the lack of a sale.

Museum acquisitions round-up: a 17ft sculpture by Anselm Kiefer, a $1.7m dinosaur skull, and a 17th-century genre painting

Three major museums have announced significant new acquisitions for their permanent collections. The Israel Museum in Jerusalem received a monumental 2014 sculpture by Anselm Kiefer, titled *Die Erdzeitalter (Ages of the World)*, donated by collector Martin Z. Margulies. The Smithsonian National Museum of Natural History in Washington, D.C., acquired a $1.7 million Pachycephalosaurus dinosaur skull, donated by former Google CEO Eric Schmidt and his wife Wendy. Meanwhile, the Frans Hals Museum in Haarlem purchased an early 16th-century genre painting by Maarten van Heemskerck.

The $236m Klimt, Cop 30 and the art world, Caravaggio’s Victorious Cupid—podcast

This podcast episode from The Art Newspaper covers three major art-world stories. Gustav Klimt's "Portrait of Elisabeth Lederer" (1914-16) sold for the second-highest price ever at auction during Sotheby's New York sale of works from the late billionaire Leonard Lauder's collection, a "white-glove" auction that has sparked debate about a market recovery. Additionally, the episode discusses COP30-related art commissions appearing on posters across the UK and Brazil under the theme "It's Not Easy Being Green," alongside the Gallery Climate Coalition's new Stocktake Report on carbon emissions. The episode's Work of the Week is Caravaggio's "Victorious Cupid" (1601-02), which has traveled from Berlin's Gemäldegalerie to the Wallace Collection in London for an upcoming exhibition.

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A double-sided panel painting by Renaissance master Antonello da Messina, titled 'Ecce Homo and Saint Jerome in the Desert,' was withdrawn from Sotheby's Old Masters auction just days before its scheduled sale. The Italian Ministry of Culture purchased the work directly for $14.9 million, preventing it from going to public auction where it was estimated to fetch $10–15 million.

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A recently rediscovered painting by Baroque artist Artemisia Gentileschi sold for €865,000 ($1.19 million) at a Sotheby's Paris auction, shattering the artist's previous auction record set in 1998. The work, which had been hidden for over 80 years in southern France, fetched nearly three times its presale estimate after being identified by Sotheby's Old Master department.

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A long-lost painting by the 17th-century Italian Baroque artist Artemisia Gentileschi, titled *Mary Magdalene in Ecstasy*, has been rediscovered and will be auctioned at Sotheby's in Paris on June 26. The work, previously known only from a single black-and-white photograph, was found in a private collection in the south of France and has not been publicly seen for 80 years.

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A New Yorker profile of Sotheby's and its billionaire owner Patrick Drahi reveals the chaotic aftermath of the auction house's failed 2024 fee restructuring. The plan, announced in February 2024 and enacted that May, standardized seller's commissions and buyer's premiums but backfired, driving away business and causing profits to plummet. By December, Sotheby's reversed course. The article quotes former and current employees who compare Drahi's management style to Donald Trump's tariff disputes, and recounts a tense June 2024 meeting where contemporary art chairman Grégoire Billault told Drahi he was losing business, only to be told by Drahi that everyone is replaceable.

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The original Le Birkin handbag, crafted by Hermès in 1985 for actress and singer Jane Birkin, sold for €8.5 million ($10 million) at Sotheby's Paris on July 10. The bag, which shows visible wear from decades of use, sparked a 10-minute bidding war among nine buyers and was purchased by a private collector from Japan. It broke records as the most valuable handbag ever sold at auction and the highest-selling fashion item in Europe.

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Sotheby's will auction approximately 100 lots from the private collection of French antiques collector Pierre-Jean Chalençon on June 25 in Paris, including Napoleon Bonaparte's iconic bicorne hat (estimated at €800,000), a herald sword and stick from his 1804 coronation, his personal gold and ebony seal, worn stockings, and a portable camp bed. The sale, described as one of the most significant offerings of Napoleonic material ever to come to market, spans imperial furniture, Old Master paintings, and personal relics. Chalençon, who has amassed the collection over four decades, is reportedly selling the items to repay a €10 million loan from Swiss Life Banque Privée, though he has denied being deeply in debt.

Sotheby’s Sued by Cushman & Wakefield Over $10.2 Million Commission

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Sotheby’s is facing a lawsuit from real estate firm Cushman & Wakefield over an unpaid $10.2 million commission related to the $510 million sale of its former New York headquarters at 1334 York Avenue. The brokerage claims that its work securing Weill Cornell Medicine as a tenant in 2023 paved the way for the medical school's eventual purchase of the building, triggering a contractual 2 percent fee that the auction house has allegedly refused to pay.

Getty Museum Acquires Two Significant Dutch Still Lifes

The J. Paul Getty Museum in Los Angeles has acquired two significant 17th-century Dutch still life paintings. The first is Jan Davidsz. de Heem's 'Glass Vase with Flowers and Fruit' (c. 1673–74), a work the museum had sought for over twenty years, which recently emerged from a private German collection. The second is Pieter Claesz's 'Still Life with Assorted Fruit' (1597/98–1660), a 'fruitagje' painting purchased at a Sotheby's auction for $1.64 million.

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Sotheby's will launch its first luxury marquee auction series in Abu Dhabi this December, called Abu Dhabi Collectors' Week. Running from December 3 to 5 at the St. Regis Saadiyat Island Resort, the sales will feature cars, watches, jewelry, and real estate, alongside a museum-quality art exhibition spanning Old Masters to contemporary works. The auctions are organized in partnership with the Abu Dhabi Investment Office (ADIO) and coincide with major regional events like the Abu Dhabi Grand Prix and Abu Dhabi Finance Week. Headline lots include The Desert Rose diamond (estimated $5–7 million), a rare Rolex Daytona watch ($500,000–$1 million), and a 2017 Pagani Zonda 760 Riviera ($9.5–10.5 million).

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Sotheby's will hold its first luxury marquee sales in Abu Dhabi from December 3 to 5 as part of Abu Dhabi Collectors' Week, featuring Formula 1 cars, an Aston Martin, diamonds, and rare Rolexes. The sales coincide with the Abu Dhabi Grand Prix and other major events, backed by a $1 billion investment from majority shareholder Patrick Drahi and Abu Dhabi's sovereign wealth fund ADQ, along with support from the Abu Dhabi Investment Office. The auction house is focusing on luxury goods rather than fine art, with only a non-selling exhibition of Old Masters to contemporary works.

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Jane Birkin's original Hermès Birkin handbag prototype has been consigned to Sotheby's Paris for sale in July. The all-black leather bag, commissioned in 1984 by then-Hermès CEO Jean-Louis Dumas in collaboration with Birkin, is a one-of-a-kind piece that has been in a private collection in France since 2000. Sotheby's has not set a public estimate, citing its unique status, and will communicate it privately to potential bidders. The bag was exhibited at Sotheby's Paris and Hong Kong, and previously at the Museum of Modern Art and the Victoria and Albert Museum.

Aste a Parigi: nuovo record per Claude Monet da Sotheby’s e per Ettore Spalletti da Christie’s

Sotheby's Paris achieved a new French auction record for Claude Monet on April 16, 2026, with 'Vétheuil, effet du matin' (1901) selling for €10.2 million, far above its €6-8 million estimate. The evening sale generated €35 million total, an 84% increase over the 2025 session, also featuring strong results for Marc Chagall, Lucio Fontana, and Rembrandt Bugatti. Meanwhile, Christie's Paris celebrated the 25th anniversary of its 'Thinking Italian' section with a complete sell-out of 11 lots, including a new auction record for Ettore Spalletti's 'Mobile' (1974) at €203,200. The overall Paris modern and contemporary art week reached a record €80.9 million, up 39% year-on-year.

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A 16th-century portrait, attributed only to the "French or Flemish School," sold for $2.3 million at a Sotheby's New York auction, dramatically exceeding its estimate. The work, from the collection of Dutch magnate Anton Philips, sparked a 10-minute bidding war among four participants, likely driven by speculation it could be by the Dutch-born French painter Corneille de Lyon.

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Sotheby's Financial Services has priced a $900 million securitization deal backed by loans secured against artworks and, for the first time, collectible cars. The transaction bundles hundreds of loans, using the assets as collateral, and sells bonds representing the future loan payments to institutional investors, providing Sotheby's with upfront capital to issue new loans.

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Sotheby's Institute of Art (SIA), a for-profit graduate school in London and New York, has been under the U.S. Department of Education's 'Heightened Cash Monitoring 2' (HCM2) designation since December 2023, a status reserved for institutions with serious financial or compliance concerns. The designation bars the school from receiving federal financial aid in advance, requiring it to front its own funds and seek reimbursement. Public records and financial filings reveal that SIA has fallen below federal 'financial responsibility' baselines, and its UK auditors noted 'material uncertainty' about the school's ability to continue as a going concern, though management asserts it has adequate resources.

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Weill Cornell Medicine is proceeding with plans to develop a research facility at 1334 York Avenue, the former headquarters of Sotheby’s, despite a federal funding freeze that has disrupted hundreds of research projects. The 200,000-square-foot leased space is intended for medical research, patient care, and teaching, and the university has stated the lease is not contingent on government funding. However, S&P Global Ratings has revised the property’s valuation downward by nearly 12% since last year, citing uncertainty over Weill Cornell’s financial commitment to complete the build-out.

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A 54-pound chunk of Mars, believed to be the largest Martian meteorite ever discovered on Earth, will be auctioned at Sotheby’s New York on July 16 with an estimate of $2 million to $4 million. Named NWA 16788, the meteorite was found in November 2023 in Niger’s Agadez region and accounts for 6.5 percent of all known Martian material on Earth, making it 70 percent larger than the next largest piece. Sotheby’s is billing it as the most valuable meteorite ever offered at auction, and it will be on public view from July 8–15 before the live sale.

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RM Sotheby's is hosting an online auction titled "The Champions – Schumacher and F1 Legends" from July 24 to 30, featuring 280 lots of Formula 1 memorabilia. Highlights include a Cartier Automatic watch gifted by Enzo Ferrari to Fiat executive Gianni Agnelli in 1988, estimated at €10,000–€20,000, and over 150 lots related to Michael Schumacher, such as racing suits, helmets, and boots from his career. Other notable items include watches presented to Jean Todt and Michael Schumacher, as well as memorabilia from drivers like Lewis Hamilton, Ayrton Senna, and Fernando Alonso. A selection of 35 lots will be displayed at the Concours of Elegance in Tegernsee, Germany.

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Sotheby’s Hong Kong will auction a collection of several hundred ancient Indian gem relics linked to Buddha’s mortal remains, known as the Piprahwa Gems, on May 7. The gems, dating to the Mauryan Empire (circa 240–200 BC), were unearthed in 1898 by British engineer William Caxton Peppé in Piprahwa, India, and have been held in a private British collection for over a century. The sale is estimated at HK$100 million (about $12.9 million USD).