British billionaire's £200m art collection most expensive ever offered in UK

British billionaire Joe Lewis will sell a tranche of his art collection in a standalone sale at Sotheby’s in London this June, estimated at £150m–£200m. This makes it the most valuable single-owner collection ever offered in the UK, surpassing the Pauline Karpidas collection which totalled £101m. Highlights include Gustav Klimt’s *Bildnis Gertrud Loew* (est £20m–£30m), Amedeo Modigliani’s *Homme à la pipe* (est £12m–£18m), and Francis Bacon’s *Two Studies for Self-Portrait* (est £8m–£12m). The sale follows a smaller March auction of four works from the Lewis collection that focused on School of London artists.

An Auction Without Bidding: Loïc Gouzer’s Latest Bet on How to Sell Art

Loïc Gouzer's auction app Fair Warning is launching a new sales format called "No Warning." The system eliminates bidding wars; a work is listed with a price, and buyers can either purchase it immediately or submit a single, binding offer. The highest offer is presented to the seller, who decides to accept or reject it, with no public record of the sale unless disclosed by the parties. The first test of the format is a 1999 Elizabeth Peyton watercolor priced at $400,000.

‘A fresh look at contemporary culture’: Gus Casely-Hayford, director of V&A East, takes us inside the new London museum

The Victoria and Albert Museum is expanding its footprint with the opening of V&A East Museum in London’s Queen Elizabeth Olympic Park on April 18. Led by Director Gus Casely-Hayford, the new five-story institution joins the recently opened V&A East Storehouse as part of the East Bank cultural quarter. The museum will debut with the "Why We Make" galleries, featuring over 500 objects and new commissions by artists such as Tania Bruguera, Carrie Mae Weems, and Thomas J. Price, whose 18-foot bronze sculpture anchors the museum's entrance.

2026 Guggenheim Fellowships Go to Sonya Clark, John Miller, and American Artist

The John Simon Guggenheim Memorial Foundation has announced its 101st class of fellows, awarding 223 scholars and artists across 55 disciplines for 2026. Selected from a pool of nearly 5,000 applicants, the new cohort includes prominent visual artists such as Sonya Clark, John Miller, American Artist, and Kota Ezawa. The fellowships provide significant financial grants to individuals who have demonstrated exceptional capacity for productive scholarship or exceptional creative ability in the arts.

Philadelphia art museums celebrate America's 250th anniversary with blockbuster two-venue show

The Philadelphia Museum of Art (PMA) and the Pennsylvania Academy of the Fine Arts (PAFA) have announced a massive collaborative exhibition titled "A Nation of Artists" to commemorate the 250th anniversary of the Declaration of Independence. Featuring over 1,000 works, the show spans from colonial-era masterpieces like Charles Willson Peale’s portrait of George Washington to contemporary Indigenous art and modern portraiture by Barkley L. Hendricks. The exhibition will also debut 120 works from the Middleton Family Collection, including significant Hudson River School and American Impressionist pieces.

Pressing issues: the vital role of printmaking in the history of art

Author and journalist Holly Black has released a new book titled 'The Story of Printmaking: A Global History of Art', published by Yale University Press. The publication traces the evolution of the printed image from its 9th-century origins in East Asia through the innovations of Old Masters like Albrecht Dürer and Rembrandt to modern digital techniques. Drawing on her training at the London College of Printing, Black demystifies complex technical processes such as intaglio and mezzotint while highlighting both canonical figures like Picasso and influential but lesser-known pioneers like Robert Blackburn.

They Painted the American West. History Painted Them Out

The exhibition "Women Artists of the American West: Colorado and Utah: 1885–1935" at History Jackson Hole spotlights seven forgotten female artists, including the adventurous mountaineer and painter Helen Henderson Chain. Curated by the founders of the Paris-based nonprofit AWARE, the show uncovers the lives of women who documented the Rocky Mountains and local communities while navigating the restrictive social norms of the late 19th century. Through paintings and photographs, the exhibition challenges the traditional, male-dominated "heroic" narrative of Western expansion.

Remembering Axel Burrough, Kazumasa Nagai, and Éliane Radigue

This week's obituary column honors the recent passing of twelve significant figures from the global art and culture world. The list includes French experimental composer Éliane Radigue, Japanese graphic designer Kazumasa Nagai, British architect Axel Burrough, Indigenous Australian muralist Elizabeth Close, and Upper East Side gallerist Gertrude Stein, among other artists, patrons, and illustrators.

The Women Artists Who Turned Ireland’s Saints Into National Icons

A new exhibition, "Collaborating in Conflict: The Yeats Family and the Public Arts," at the McMullen Museum of Art, spotlights the revolutionary contributions of sisters Susan Mary (Lily) and Elizabeth Corbet (Lolly) Yeats. Long overshadowed by their famous brothers, the sisters co-founded the Dun Emer Industries cooperative, which included a press and a textile guild, and produced embroidered banners of Irish saints for St. Brendan's Cathedral, playing a pivotal role in the Irish Arts and Crafts movement.

Marina Abramović Is the Unlikely Star of the New Balloon Museum

Marina Abramović Is the Unlikely Star of the New Balloon Museum

Performance artist Marina Abramović has created a large-scale inflatable installation for the new permanent New York outpost of the Balloon Museum. Titled *Snowy/Windy/Spring On The Planet Z*, the immersive work transforms the Tin Building into an imagined extraterrestrial meadow filled with balloon sculptures, light, and air currents, opening in July 2026.

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A previously unknown red-chalk drawing by Michelangelo, a study for the foot of the Libyan Sibyl from the Sistine Chapel ceiling, sold for $27.2 million at Christie’s New York on Thursday, far exceeding its $1.5–$2 million estimate. The work was submitted to Christie’s online estimate portal last March by an anonymous owner who inherited it from their grandmother; it had hung on a wall for years, assumed to be a copy. After months of authentication using infrared reflectography and cross-referencing with drawings at the Metropolitan Museum of Art and the Uffizi Gallery, Christie’s specialists confirmed it as an authentic Michelangelo. The sale set a new auction record for the artist, surpassing the previous $24.3 million record set at Christie’s Paris in 2022.

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Thaddaeus Ropac is opening a new project space in New York and has hired Emilio Steinberger as a senior director. Hauser & Wirth now represents artist Conny Maier in collaboration with Société in Berlin. Zippora Elders Tahalele has been appointed director of the Nederlands Fotomuseum. The Tulsa Artist Fellowship announced its 2026–28 cohort of ten artists and arts workers. The ADAA appointed four new board members: Elizabeth Feld, Bridget Moore, Yancey Richardson, and Melissa Timarchi. Sotheby's second sale in Saudi Arabia, 'Origins II,' totaled $19.6 million, with a record $2.1 million for Safeya Binzagr's work. The article also covers Art Basel Qatar's first edition, with comments from Sheikha Al-Mayassa bint Hamad bin Khalifa Al-Thani and artistic director Wael Shawky.

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A rediscovered 16th-century portrait by Sofonisba Anguissola, titled *Portrait of a Canon Regular* (1552), is being shown at the Winter Show at the Park Avenue Armory in New York. The painting was found in a private collection in Durham, North Carolina, after being known only through an old black-and-white photo at the Frick Art Reference Library. Old Master dealer Robert Simon is acting as the owners' agent, and the work is priced at $450,000.

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New York's Metropolitan Opera is considering selling two monumental Marc Chagall murals, 'The Sources of Music' and 'The Triumphs of Music' (1966), valued at $55 million by Sotheby's, to address a severe financial crisis. The Met has already drawn $120 million from its endowment, reduced performances, and struck a controversial $100 million deal to perform in Saudi Arabia, which has drawn scrutiny over human rights abuses. The murals, which hang in the Grand Tier, would remain in place even if sold, and the Met is also exploring naming rights and theater leasing.

will the recent art market momentum continue into 2026 2729667

Artnet News columnist reflects on the fragile state of the art market as 2025 ends, noting that global instability and troubling news have dampened buyer psychology. Despite this, major auction houses reported strong annual sales—Sotheby's at $7 billion (up 17%) and Christie's at $6.2 billion (up 6%)—and a series of high-profile sales, including the Pauline Karpidas collection auction and Leonard Lauder's Gustav Klimt portrait fetching $236.4 million, have sparked renewed momentum. The article quotes advisors and dealers who sense a market bottom has passed, with buyers returning to auctions and fairs like Art Basel Miami Beach.

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A rare Jean-Antoine Watteau drawing, never before publicly exhibited, and a major Jean-Honoré Fragonard painting will be auctioned at Christie’s Paris on March 25. The works come from the collection of the late Arthur Georges Veil-Picard, a banker and absinthe magnate who assembled a world-class trove of 18th-century French art over 40 years. The Watteau, *Actor Holding a Guitar Under His Arm*, was previously known only from a black-and-white photograph in the artist’s catalogue raisonné and is estimated at €600,000–800,000. The Fragonard, *The Happy Family*, from the 1770s, carries an estimate of €1.5–2 million. The sale also includes works by Hubert Robert, Gabriel de Saint-Aubin, Élisabeth Vigée Le Brun, and Marie-Suzanne Roslin, with total estimates reaching €5–8 million.

tony shafrazi independent art fair return 1234751032

Tony Shafrazi, the legendary and controversial New York art dealer, is returning to the art fair circuit for the first time since 2012 with a booth at the Independent 20th Century fair in New York. He is presenting works by Armenian sculptor Zadik Zadikian, whose installation of gold bricks Shafrazi first exhibited in Tehran in 1978 before they were lost in the Iranian Revolution, alongside paintings by Brandon Deener. Shafrazi, now in his 80s, closed his New York gallery in 2011 and was banned from Art Basel in 2012 for breaking the fair's rules.

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Artnet News published a roundup of 10 art historical deep dives from 2025, curated by an editor who expresses a deep passion for art history. The article highlights several featured stories, including the eccentric tale behind Carl Kahler's monumental cat painting "My Wife's Lovers" (1891), commissioned by Gilded Age patron Kate Birdsall Johnson; the record-breaking sale of Gustav Klimt's "Portrait of Elisabeth Lederer" for $236.4 million at Sotheby's New York, with its rich symbolism and Imperial Chinese motifs; the online resurgence of August Friedrich Schenck's obscure 19th-century painting "Anguish" (ca. 1878), popularized by TikTok; and the centenary of F. Scott Fitzgerald's "The Great Gatsby" with a deep dive into Francis Cugat's iconic cover art "Celestial Eyes" (1924).

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Sotheby's held its inaugural evening sale at the Breuer building, featuring the Contemporary and the Now sale. Auctioneer Oliver Barker achieved $527.5 million in sales, surpassing the pre-sale low estimate of $379 million. The highlight was Gustav Klimt's portrait of Elisabeth Lederer, which sold for $236.4 million, setting an auction record for Klimt and becoming the second most expensive work ever sold at auction. During the sale, auctioneer Phyllis Kao wore a David Webb necklace from the mid-1980s, featuring carved emeralds, rubies, and cabochon sapphires, which was on view and available for private sale at Sotheby's retail salon in the Breuer lobby.

walter robinsons legacy is celebrated with honorary doctorate new scholarship 2730182

Hundreds gathered on a cold Monday night in New York at Phillips auction house and the Metropolitan Club to celebrate the life and legacy of Walter Robinson, the beloved art-world figure who died in February 2025. The event, organized by the New York Academy of Art as part of its annual “Take Home a Nude” fundraiser, featured silent and live auctions, a posthumous honorary doctorate awarded to Robinson, and the announcement of the Walter Robinson Scholarship funded by auction proceeds. The evening raised over $800,000, with works by students and acclaimed artists like Richard Prince and Kiki Smith on offer, and Robinson’s painting *Blood on the Sun* (2018) selling for $35,000.

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Sotheby's is projecting $7.0 billion in consolidated 2025 sales, a 17% increase over the previous year and the strongest result in the company's history. Auction sales rose 26% to $5.7 billion, driven by high-quality consignments including the Leonard A. Lauder Collection and a $236.4 million Klimt painting. Luxury sales climbed 22% to $2.7 billion, while RM Sotheby's surpassed $1 billion for the first time. The opening of Sotheby's new global headquarters at the Breuer Building was a commercial centerpiece, generating $1.17 billion in its inaugural week. The company also expanded rapidly in the Middle East, staging the first international auction in Saudi Arabia and launching Collectors' Week in Abu Dhabi.

hamza walker winner 2026 audrey irmas award ccs bard 1234765931

The Center for Curatorial Studies at Bard College (CCS Bard) has awarded its 2026 Audrey Irmas Award for Curatorial Excellence to Los Angeles–based curator Hamza Walker. Walker, executive director of the Brick (formerly LAXART) since 2016, will receive $25,000 and be honored at CCS Bard’s spring gala in April. He is recognized for exhibitions featuring artists like Elizabeth Paige Smith, Gregg Bordowitz, and Postcommodity, and for cocurating the acclaimed "Monuments" exhibition with the Museum of Contemporary Art, Los Angeles, which examines artists' responses to Confederate monument removals. Walker also secured a $1 million donation from collectors Jarl and Pamela Mohn to fund the Brick's move to a new Hollywood space and its rebranding.

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Elizabeth Browning Jackson, a pioneering artist in the art-furniture movement, was rediscovered in 2021 after a phone call from Stephen Markos, founder of Superhouse Gallery, who had long admired her 1982 sculptural couch "Gloria." Markos urged Jackson to open a barn on her Rhode Island property, where she found her early works—hand-tufted rugs, cut-aluminum furniture, drawings, and prototypes—sealed away for 35 years. This rediscovery culminates at Design Miami 2025, where Superhouse presents Jackson as a foundational voice in the art-furniture movement, alongside contemporaries like Dan Friedman and Wendy Maruyama. Jackson's new exhibition "Re/construct" is also on view at Superhouse's Tribeca space through December 20, featuring reconstructed rugs based on her original 1980s designs.

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New York's marquee auction week delivered strong results, with Sotheby's and Christie's posting combined sales of nearly $2 billion. Sotheby's achieved a record $706 million evening at its new Breuer Building headquarters, driven by the Leonard Lauder estate sale, while Christie's $690 million 20th-century sale was up 41.9% from last November. Gustav Klimt's *Portrait of Elisabeth Lederer* sold for $236.4 million, setting a new auction record for the artist and becoming the most expensive Modern artwork ever sold at auction. Frida Kahlo's *El Sueño (La Cama)* fetched $54.7 million, a record for a work by a woman artist at auction.

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Phillips’s Modern and Contemporary art evening sale in New York on Wednesday achieved $67.3 million, a 24.4% increase over last year’s total but far below the $154.6 million record set in 2023. The 33-lot sale landed at the top end of its pre-sale estimate, with Francis Bacon’s *Study for Head of Isabel Rawsthorne and George Dyer* (1967) selling for $16 million as the top lot. Notably, the auction included dinosaur bones for the first time—a juvenile triceratops skeleton nicknamed Cera—which proved a lucrative draw, while a painting by rising British artist Jadé Fadojutimi and a gold nugget called “The Thunderbolt” both failed to sell. Only one new artist record was set, for Firelei Báez at $645,000.

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The New York Gallery History Project has launched its first installment: an online archive of Jay Gorney Modern Art, which operated from 1985 to 1998. The archive documents over 90 exhibitions held at the gallery, featuring artists such as Catherine Opie, Jessica Stockholder, Gillian Wearing, Haim Steinbach, and Martha Rosler. The material includes installation views, artwork images, and original invitations, all digitized from analog transparencies and slides. The project is an initiative of the Independent art fair and the Contemporary Art Library, a Los Angeles nonprofit.

gustav klimt portrait of elisabeth lederer auction record 1234762083

Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914–16) sold for $236.4 million at Sotheby's New York on November 18, 2025, after 20 minutes of bidding. The painting, which started at $130 million, was won by a phone bidder represented by Sotheby's specialist Julian Dawes, with the hammer price at $205 million. The work was the highlight of the Leonard A. Lauder Collection sale, a 55-work trove valued at over $400 million, and proceeds will go to the Lauder trust. The portrait had been restituted after Nazi-era confiscation and was acquired by Lauder in the mid-1980s.

sothebys lauder day sale 1234762297

Sotheby's held a day sale on Wednesday featuring 30 works from the collection of cosmetics heir Leonard Lauder, generating $3.84 million against an estimate of $2.22 million to $3.29 million. The sale followed a strong Tuesday auction led by a Gustav Klimt portrait from Lauder's collection that achieved the second-highest price ever for an artwork at auction. Standout results included works by Dorothea Rockburne, Elizabeth Murray, and Lyonel Feininger that far exceeded their estimates, while a Claes Oldenburg sculpture sold for $444,500, the top price of the day.

peter hujar day biopic ira sachs 1234762238

Filmmaker Ira Sachs has released a new film titled *Peter Hujar's Day*, based on a 1974 audio recording and subsequent book by writer Linda Rosenkrantz. The film captures a single day in the life of photographer Peter Hujar, who died of AIDS-related complications in 1987, as he recounts mundane details and artistic anxieties to Rosenkrantz. Starring Ben Whishaw as Hujar and Rebecca Hall as Rosenkrantz, the movie adapts a transcript Rosenkrantz rediscovered and published in 2021. Sachs describes the project as an exploration of portraiture, light, and emotion, contrasting with his earlier, more turbulent film *Passages*.

leonard lauders klimt painting fetches sothebys 2713549

A Gustav Klimt painting, *Portrait of Elisabeth Lederer* (1914), sold for $236.4 million at Sotheby’s in New York, setting a new auction record for the artist and becoming the most expensive work ever sold at Sotheby’s as well as the most expensive Modern artwork at auction. The work was part of a sale dedicated to the collection of the late art patron Leonard Lauder, who died in June at age 92. The bidding lasted about 20 minutes, with Sotheby’s auctioneer Oliver Barker opening at $130 million; the winning bid of $205 million came from Sotheby’s staffer Julian Dawes, representing a phone client. The sale included two dozen works from Lauder’s trove, which also featured three Klimt paintings and six Henri Matisse bronzes.