sothebys saunders old masters sale results

A Sotheby's single-owner sale of 55 Old Masters works from the collection of Jordan and Thomas A. Saunders III on May 21 achieved $64.7 million, falling well short of the $80–120 million estimate. The evening sale had a 58.5% sell-through rate, with 17 lots unsold and two withdrawn; a subsequent day sale on May 22 saw a similar 58.3% rate. Top lots included Francesco Guardi's Venetian views at $10.5 million, a record $8.8 million for Jan Davidsz. de Heem, and a record $7.37 million for Frans Post. Despite these highlights, the overall performance was dampened by high estimates, shifting collector tastes, and the prevalence of guarantees.

by the numbers christies riggio

Christie’s New York held the spring season’s largest single-owner auction, the Leonard & Louise Riggio collection, on Monday evening. The sale achieved $271.9 million total with a 97% sell-through rate by lot, led by Piet Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) at $47.6 million. However, a detailed analysis reveals that the hammer total fell $26 million short of the guarantee, and 93% of the value was pre-sold to third-party backers, leaving Christie’s with a razor-thin margin of roughly 7.8% before marketing costs and guarantor fees.

heffel spring auction 2025 highlights art sale

Toronto-based Heffel Fine Art Auction House will host its Spring Auction on May 22, 2025, featuring a two-part sale: the Postwar and Contemporary Art sale at 5 p.m. EST, followed by the Canadian, Impressionist, and Modern Art sale at 7 p.m. EST. The auction highlights Canadian art from the past century, including works by Group of Seven members like Lawren Harris and Tom Thomson, as well as Refus Global artist Jean-Paul Riopelle. Notable lots include Harris's *Northern Lake* (1926) estimated at $2–3 million CAD, Riopelle's *Sans titre* (1952) with estimate upon request, and Thomson's *Autumn, Algonquin Park* (1914) estimated at $1–1.2 million CAD.

pharrell williams joopiter marketplace

Pharrell Williams has launched a new buy-it-now extension called Joopiter Marketplace, an offshoot of his existing auction platform Joopiter. The marketplace offers collectibles from Williams's personal archive—including Vivienne Westwood hats, KAWS sneakers, Gucci and Levi's jackets, and items from his fashion labels ICECREAM and Billionaire Boys Club—alongside pieces from other cultural figures. Additional sellers include artist Tom Sachs, gallerist Easy Otabor, jewelry designer Lorraine Schwartz, and music executive Steven Victor, with proceeds from some sales benefiting nonprofits like the Anderson Ranch Arts Center, Rebuild Foundation, and the Virgil Abloh Foundation.

32 million klimt sale falls through

The record-setting $32 million sale of Gustav Klimt's "Portrait of Fräulein Lieser" (1917) has fallen through after a restitution settlement failed to resolve gaps in its provenance. The painting, discovered in early 2024 and sold at Im Kinsky auction house in Vienna to an anonymous Hong Kong buyer in April, was mired in controversy over its history during the Nazi era. The work's whereabouts between 1925 and 1961 were unknown, a period including Austria's annexation by Nazi Germany. The auction house proposed the work was commissioned by Henriette Lieser, who was deported and murdered at Auschwitz, but conflicting theories about the sitter's identity and the painting's path through a Nazi party member's family complicated restitution efforts. A new potential legal heir emerged after the sale, and the buyer ultimately pulled out.

impressionism auction industry

This year marks the 150th anniversary of Impressionism, which began in 1874 when 31 artists including Paul Cézanne, Claude Monet, and Berthe Morisot staged a groundbreaking exhibition in Paris. To commemorate the sesquicentennial, international institutions are hosting exhibitions such as the Musée d'Orsay's "Paris 1874: Inventing Impressionism," while Artnet and Morgan Stanley have collaborated to analyze auction data from 2014 to 2023, examining the market for works by approximately 120 Impressionist and Post-Impressionist artists. Despite perceptions that Impressionism has lost its luster, the number of lots offered at auction has remained steady, averaging 6,091 annually over the decade.

In New York, Sotheby's Exhibition-Sales Are Packed

À New York, les expositions-ventes de Sotheby’s font salle comble

Sotheby's New York has experienced an unprecedented surge in public attendance at its exhibition-sales held in the iconic Breuer Building. In just two weeks, over 25,000 visitors—a 3.8-fold increase from the previous year—queued around the block to see works by artists like Gustave Klimt, Maurizio Cattelan, and René Magritte, with total attendance from November to late January reaching 46,325. The crowds, reminiscent of a major museum show, initially overwhelmed staff, who had to manage the flow to preserve the viewing experience for high-value clients.

art collector mistake guide

The article compiles personal anecdotes from several art collectors—Laurent Asscher, Suzanne Syz, Rob and Eric Thomas-Suwall, Toby Milstein Schulman, and Danielle Falls—who share mistakes they made while building their collections. Asscher recounts buying a lesser Basquiat at Christie's before quickly reselling it to acquire a superior work at Phillips; Syz regrets buying a piece because others wanted it; the Thomas-Suwalls missed out on a Dominique Fung diptych; Schulman accidentally bought a work attributed 'after Keith Haring' at a charity auction; and Falls reflects on her early eagerness as a young trustee of the Bronx Museum.

The Netherlands is confronting its history of Nazi occupation – but many stolen objects remain unreturned

Arthur Brand, a Dutch art detective, was contacted by a man who discovered that his family descended from Hendrik Seyffardt, a high-ranking Nazi collaborator, and that a painting looted from Jewish art dealer Jacques Goudstikker remained in their possession. The painting, Toon Kelder's *Portrait of a Young Girl*, had hung in a relative's home near Utrecht for years. The family, who changed their name after WWII, handed the painting to Brand after the story broke in Dutch media, expressing shame and outrage over the silence surrounding their history.

Tiny Cranach Painting That Vanished During WWII Returns to Dresden

A miniature portrait of Friedrich III (Frederick the Wise) by Lucas Cranach the Elder, missing since World War II, has been returned to the State Art Collections of Dresden, Germany. The painting was last documented in May 1945 in a limestone quarry shelter near Pockau-Lengefeld before vanishing. It resurfaced in 2024 when consigned to Parisian auction house Artcurial, whose provenance investigation revealed a matching inventory number from 1722–1728. The Dreyfus family in France, the modern owners, returned the work after negotiations and a financial agreement. It is now on view at the Coin Cabinet of the Royal Palace in a special exhibition marking the 500th anniversary of Friedrich III's death, and will later be permanently displayed in the Semper Gallery.

Lévy Gorvy Dayan Bets on Urgency With New LGD Hammer Sales Platform

Lévy Gorvy Dayan has launched LGD Hammer, a new sales platform that blends gallery exhibition with auction-style urgency. The first work offered is Willem de Kooning's *Milkmaid* (1984), estimated at $10–$15 million, which will be on view by appointment from May 2 until the sale on May 16. Gallery cofounder Dominique Lévy will serve as auctioneer, drawing on her Christie's experience, while bidding occurs by phone with online observation. Cofounder Brett Gorvy emphasized the platform is not a market overhaul but a response to slowed private sales and cautious collectors who still respond to competitive pressure.

art market minute dec 15

The article reports on the state of the art market at the end of 2025, noting that while it has been a difficult year with three years of contraction, there are signs of improvement. Recent sales in Miami and $2.2 billion in marquee auctions in New York last month have boosted optimism. Factors such as lower interest rates and easing geopolitical tensions are contributing to a slightly rosier outlook for 2026, though the article warns that some sectors will recover while others may not for some time.

the view from paula tsai

Paula Tsai, a key figure in Asia's art market, discusses the evolving landscape of collecting in the region, focusing on mainland China and Korea. She notes a surge of new buyers from China, many of whom are young entrepreneurs, while the Korean market remains more mature and stable. Tsai addresses the impact of tariffs on importing art, particularly for Chinese collectors, but asserts that passionate collectors will continue to buy, adjusting timing rather than abandoning purchases. She also highlights the growing Thai market and the complexity of the Chinese market, where established collectors are cautious but new entrants keep activity high.

phillips leadership changes 2025

Phillips announced a major leadership shakeup on Monday, with global chairwoman Cheyenne Westphal resigning after eight years. Robert Manley was named chairman of modern and contemporary art, and Miety Heiden was appointed chairman of private sales. Additionally, Jean-Paul Engelen, president for the Americas and worldwide co-head of modern and contemporary art, is leaving after over a decade to join Acquavella Galleries as a director. The changes follow a challenging marquee auction season, where the May evening sale matched its pre-sale estimate of $52 million but fell 40% below the previous year's $86 million haul.

julian ehrlich joins gladstone

Julian Ehrlich, a 29-year-old auction specialist known for curating Christie's "Post-War to Present" sales, has joined Gladstone Gallery as a director. At Christie's, he generated over $28 million in a single sale, set records for artists like Ana Mendieta and Ed Clark, and championed overlooked figures such as Joe Overstreet and Rick Lowe. He previously worked in Sotheby's postwar and contemporary art department.

by the numbers christies 21st century sale edges out estimate aided by bounty of guarantees

Christie’s 21st-century art sale on Wednesday achieved $96.5 million in total sales, a 20 percent increase over the same sale last year. The auction featured 43 lots, with four withdrawn before the sale, and a sell-through rate of 83.7 percent (92.3 percent after withdrawals). The top lot was Jean-Michel Basquiat’s *Baby Boom* (1982), which sold for $23.4 million. The sale was heavily supported by guarantees—24 lots were guaranteed, including 18 with third-party guarantees—accounting for 75 percent of the total presale low estimate. Auctioneer Yü-ge Wang faced cautious bidding, prompting playful remarks as collectors tested lower increments.

Hoffnung auf Rekorde bei Auktionen in New York

New York's major auction houses, Sotheby's and Christie's, are gearing up for their spring sales with high-value consignments from prominent collections. Sotheby's will auction Mark Rothko's "Towering Brown and Blacks in Reds" (1957), estimated at up to $100 million, from the estate of investment banker Robert Mnuchin. Christie's is offering works from the collection of the late gallerist Marian Goodman, including Gerhard Richter's "Kerze" (1982) valued at up to $50 million and "Mohn" (1995) around $15 million, alongside pieces from the estates of publisher S. I. Newhouse and collector Agnes Gund, with a Constantin Brâncuși sculpture and a Jackson Pollock painting each estimated at $100 million, and another Rothko at $80 million.

10 most expensive lots sold auction march 2025

In March 2025, major auction houses, particularly in London, achieved strong sales despite the month typically being quiet. Christie’s and Sotheby’s sold ten high-value lots, led by Jean-Michel Basquiat’s *Sabado Noche* (1984) at £8.4 million ($14.5 million). A standout result was M.F. Husain’s *Untitled (Gram Yatra)* (1954), which sold for $13.75 million at Christie’s New York, marking the first time an Indian Modern artwork exceeded $10 million at auction. Other notable sales included works by René Magritte, Yoshitomo Nara, Francis Bacon, Tamara de Lempicka, Amedeo Modigliani, Paul Delvaux, Michael Andrews, and Lisa Brice.

MENA Artists Are Having a Market Moment That’s Built to Last

Auction sales for artists from the Middle East and North Africa (MENA) region rose 9.4% to $33.2 million in 2025, driven by increased activity from international auction houses and the emergence of new hubs like Riyadh. The Sotheby's 'Origins' sale in Saudi Arabia achieved $17.3 million, setting artist records, while works from Lebanon, Egypt, and Iraq saw particularly strong gains, indicating a market rebalancing.

Observer’s 2025 Art Market Recap: Recovery After a Year of Recalibration

After a turbulent start marked by gallery closures and market contraction, the art market in 2025 rebounded decisively, driven by a secondary-market surge in high-quality consignments. Major auction houses reported strong year-end results: Sotheby's projects $7 billion in consolidated sales (up 17%), Christie's expects $6.2 billion (up 7%), and Phillips reported $927 million (up 10%). Key sales included the $272 million Leonard & Louise Riggio collection at Christie's, the $527.5 million Lauder collection at Sotheby's (led by a $236.4 million Gustav Klimt), and the $136 million Karpidas sales. The year began quietly but gained momentum after summer, with deep bidding and strategic pricing driving a 26% increase in Sotheby's auction revenue and an 11% overall rise in fine art sales across Old Masters, Impressionist, Modern, Post-War and Contemporary categories.

The Art Market Year in Review

The art market experienced a turbulent 2025, beginning with a 12% decline in sales from 2024, following a 3% drop in 2023, as reported by the Art Basel and UBS Global Art Market Report. Major auction houses Christie’s, Sotheby’s, and Phillips saw average sales fall 6% in the first half of the year. However, the market rebounded by autumn, with strong sales at London and Paris art fairs and a 15% year-on-year increase in auction sales at the three main houses by December, according to Pi-eX. Key events included Sotheby’s failed sale of Alberto Giacometti’s *Grand tête mince* in May, followed by a record-breaking $236 million sale of Gustav Klimt’s *Portrait of Elisabeth Lederer* in November, and a $31.4 million record for François-Xavier Lalanne’s *Hippopotame Bar*.

Why Hong Kong is one of the greatest places in the world to buy art

Hong Kong has overtaken London to become the world's second-largest contemporary art auction market, according to ArtTactic. The city's commercial art scene is bolstered by outposts of top international galleries like Hauser & Wirth, Gagosian, Pace, and David Zwirner, as well as a successful annual Art Basel fair. Major auction houses including Sotheby's, Phillips, and Bonhams operate significant spaces there, with Sotheby's selling a Claude Monet for $65.5 million in Hong Kong in 2024. The city's art calendar peaks during March's Art Month, which hosts both Art Basel Hong Kong and Art Central.

K11 founder Adrian Cheng on Hong Kong’s art scene, the future of collecting and the creative potential of AI

Adrian Cheng, founder of the K11 property business and a prominent figure in Hong Kong's art scene, discusses his two-decade role in shaping the city's cultural landscape. He founded K11 in 2008 to integrate museum-quality art with retail, developed the Victoria Dockside district and K11 MUSEA, and established the K11 Art Foundation and K11 Craft & Guild Foundation. Cheng has launched new ventures including K11 by AC and the ALMAD Group, and his foundations have partnered with major institutions like the Palais de Tokyo, the Metropolitan Museum of Art, and the Serpentine Galleries. He also initiated a regular salon series focused on art and technology, held during events like Frieze Seoul and Asia Now.

Sotheby’s Unveils Plans for Breuer Building, Announces Opening Date

Sotheby's will open its new global headquarters in the Marcel Breuer–designed building at 945 Madison Avenue on November 8, 2025, after a renovation by Herzog & de Meuron with local partner PBDW Architects. The Brutalist landmark, originally completed in 1966 for the Whitney Museum of American Art, later housed the Met Breuer and the Frick Collection during its renovation. The project restores Breuer's original open gallery floors, adds state-of-the-art lighting and climate control, and preserves period details like the lobby's domed ceiling lights. The opening will feature a free public exhibition of Modern and Contemporary art ahead of marquee auctions starting November 17, with design sales and Luxury Week following on December 5, and a fine-dining restaurant by Roman and Williams opening later in the winter.

Sotheby’s offers peek at Breuer building’s makeover

Sotheby's has released renderings of its upcoming renovation of Marcel Breuer's former Whitney Museum building at 945 Madison Avenue, which it purchased for $100 million in June 2023. The auction house plans to open in the autumn, in time for its November sales. Renovations, led by Swiss architecture firm Herzog & de Meuron, include a new service elevator, upgraded lighting and climate systems, and restored gallery floorplans, while preserving the building's landmark-protected exterior and many interior spaces. Charles Simonds's site-specific installation Dwellings (1981) will remain on long-term loan from the Whitney.

The UAE’s art market is on the up

The UAE's art market is experiencing a resurgence nearly two decades after the 2008 financial crash, driven by a booming economy and strategic investments. Key developments include an Abu Dhabi sovereign wealth fund, ADQ, acquiring a $1 billion stake in Sotheby's, and Art Basel announcing a new fair in Doha, Qatar, set to launch in February 2026. Meanwhile, Christie's is expanding its Dubai office, and Saudi Arabia hosted its inaugural Art Week Riyadh in April, featuring 32 commercial galleries. Despite these regional moves, Dubai remains the Gulf's commercial art hub, with Sotheby's chairman Edward Gibbs noting a 70% increase in regional bidders over five years and Christie's president Anthea Peers reporting that sales of modern Middle Eastern art trebled between 2020 and 2024.

KAWS | ALONG THE WAY (2013) | Art & Prints

This article is a detailed listing for KAWS's sculpture *ALONG THE WAY* (2013), a wood piece measuring 96 7/8 × 75 × 51 1/4 inches, held in the collection of the Modern Art Museum of Fort Worth. It includes the work's exhibition history, the artist's biography (born Brian Donnelly, 1974), his key solo exhibitions at institutions such as the Brooklyn Museum and Yorkshire Sculpture Park, and his high auction record of HK$116 million at Sotheby's in 2019. The listing also features a series of related KAWS works available at auction houses including Christie's, Phillips, and Heritage Auctions.

Joan Miró | Exhibition at Pasadena Art Museum (1969) | For Sale

A limited-edition lithograph by Joan Miró, created for his 1969 exhibition at the Pasadena Art Museum, is being offered for sale through Heritage Auctions. The print, edition 82/100, is in colors on Arches paper and measures 29.5 by 22.13 inches. Currently carrying a bid of $1,500, it is estimated at $3,000–$5,000 and is part of the auction house's Prints & Multiples Showcase, with bidding closing on May 20.

Joan Miró | Miró Sculptor (1974) | For Sale

A lithograph by Joan Miró titled "Miró Sculptor" (1974) is being offered for sale by Bernardini Art Gallery & Auction House in San Pedro Garza García, Mexico. The work, sized 20 × 40 cm, is priced at $2,200 and comes framed with a certificate of authenticity. The listing includes a brief biography of Miró, noting his association with Surrealism, his pioneering role in automatism, and his major career milestones including the Grand Prize for Graphic Work at the 1954 Venice Biennale and exhibitions at the first Documenta in 1955.

Joan Miró | Osaka 1970 (1970) | For Sale

A lithograph by Joan Miró titled "Osaka 1970" (1970) is being offered for sale by Bernardini Art Gallery & Auction House, priced between $7,800 and $8,400. The work is a signed-in-plate print from an unknown edition, measuring 29.9 × 22.4 inches, and comes framed with a certificate of authenticity. The listing appears on Artsy, with shipping available from Querétaro, Mexico.