Heists, Records, and Robots. A Subjective Summary of the Art World in 2025.

The article reviews the art world in 2025, highlighting a mixed year of declining sales values and cautious buyers, yet punctuated by record-breaking auctions and dramatic events. Fine art auction sales in the first half of 2025 totaled $4.7 billion, an 8.8% drop from 2024, with the average lot price falling to a decade-low of $24,224, indicating a shift toward lower-value works and younger collectors. Major sales included Gustav Klimt's Portrait of Elisabeth Lederer, which sold for $236 million at Sotheby's, becoming the second most expensive artwork ever auctioned, and Frida Kahlo's El sueño, which set a new auction record for a female artist at $55 million. The market was also unsettled by U.S. trade tariffs and economic uncertainty, while a daring heist and debates around AI art captured public attention.

Holiday Shopping at Sotheby's: All I Want for Christmas Is a Shot Marilyn

Sotheby's has opened its new global headquarters in the Breuer Building on Madison Avenue, New York, with an exhibition titled "Icons: Back to Madison" featuring 27 contemporary art masterpieces valued at over $2 billion. Highlights include Jean-Michel Basquiat's "Untitled" (1982), which sold for $110.5 million in 2017, and Andy Warhol's "Shot Orange Marilyn" (1964), reportedly sold privately for $200 million. The show offers a rare public viewing of works typically held in private collections, including pieces owned by billionaire collector Kenneth C. Griffin.

At Tokyo's National Museum of Modern Art, the anti-action art of Japan’s women artists finds a new lease of life

The National Museum of Modern Art, Tokyo (Momat) is presenting "Anti-Action: Artist-Women’s Challenges and Responses in Post-war Japan," an exhibition that highlights the work of women artists in 1950s and 1960s Japan. Curated by Hajime Nariai, the show features Yayoi Kusama alongside figures like Atsuko Tanaka, Tsuruko Yamazaki, and Hideko Fukushima, as well as ten lesser-known artists whose names have been largely forgotten. The exhibition uses the term "anti-action," coined by art historian Izumi Nakajima, to describe these artists' shared determination to resist the dominant masculine ethos of action painting and Eurocentric art trends, instead forging their own unique practices.

Frida Kahlo: Auction Record and Gender Gap in the Contemporary Art Market

Frida Kahlo's self-portrait *El sueño (La cama)* (1940) sold for $54.7 million at a Sotheby’s auction in New York, setting a new record for the artist and the highest price ever paid for a work by a female painter. The sale, which exceeded pre-auction estimates of $40–50 million, briefly appeared to signal progress in the art market's gender dynamics.

Gustav Klimt portrait sells for about R4 billion, breaking modern-art auction records

Gustav Klimt's portrait "Portrait of Elisabeth Lederer" (1914–1916) sold for $236.4 million (about R4 billion) at a Sotheby's auction in New York, becoming the most expensive modern artwork ever sold at auction and the second most expensive painting in history, behind only Leonardo da Vinci's "Salvator Mundi." The sale, which featured works from the estate of billionaire collector Leonard Lauder, unfolded in a tense 20-minute bidding war among six collectors. The painting had been hidden from public view since the 1980s. The same auction also saw Maurizio Cattelan's 18-karat gold toilet "America" sell for over $12 million.

Watch the Record-Breaking Auction of This Gustav Klimt Portrait, Which Just Became the Second Most Expensive Painting Ever Sold

Gustav Klimt's "Portrait of Elisabeth Lederer" sold at Sotheby's for $236.4 million on November 20, 2025, becoming the most expensive modern artwork ever auctioned and the second most expensive painting overall. The life-size oil painting, created between 1914 and 1916, depicts the 20-year-old daughter of prominent Jewish art collectors. After a 20-minute bidding war starting at $130 million, an anonymous telephone bidder won the work, which had been owned by cosmetics heir Leonard Lauder until his death in June 2025.

Auction Results: New Records for Noah Davis and Antonio Obá at Sotheby's, Major Paintings by Barkley L. Hendricks and Kerry James Marshall Went Unsold

Sotheby’s New York held its Now & Contemporary Evening Auction on November 18 at the newly opened Breuer building, featuring works by Black artists. Noah Davis’s “The Casting Call” (2008) sold for $2 million, setting a new auction record for the late artist, while Antonio Obá’s “Alvorada – Música Incidental Black Bird” (2020) achieved $1.016 million, nearly ten times its low estimate. However, major paintings by Barkley L. Hendricks and Kerry James Marshall went unsold, highlighting a mixed market for exceptional figurative works. The auction followed a blockbuster sale of Leonard A. Lauder’s collection, where Gustav Klimt’s portrait sold for $234 million.

Art market bounce back continues in New York with Christie's $123.5m 21st-century sale

Christie’s 21st-century evening sale at Rockefeller Centre in New York on 19 November achieved $99.5 million before fees ($123.5 million with fees), surpassing last November’s equivalent sale of $106.5 million with fees. The sale featured 45 lots, with only one unsold (a Cecily Brown abstract), resulting in a 2% buy-in rate. Three artist records were set for Firelei Báez, Joan Brown, and Olga de Amaral. A major highlight was the collection of Chicago collectors Gale Neeson and the late Stefan Edlis, comprising 19 lots that realized $40.3 million ($49.2 million with fees), including works by Andy Warhol, Richard Prince, and Diego Giacometti. Other notable sales included Cindy Sherman’s *Untitled Film Still #13* (1978) at $2.2 million with fees, Ed Ruscha’s *How Do You Do?* at $6.7 million with fees, and a Warhol *The Last Supper* (1986) sold to Paris dealer Frederic Larroque for $8.1 million with fees.

A gold toilet and the most expensive modern artwork ever sold at auction boost the New York market

Sotheby's New York held a landmark auction evening on November 18, 2025, featuring two headline-grabbing lots: Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914-16), which sold for $236.4 million, becoming the most expensive modern artwork ever sold at auction, and Maurizio Cattelan's solid-gold toilet 'America', which sold for a disappointing $12.1 million after a single bid. The Klimt came from the collection of the late cosmetics heir Leonard Lauder, whose two-night auction total reached $527.5 million. The toilet, previously owned by investor Steve Cohen, had been commissioned when gold prices were far lower, ensuring the seller a profit regardless of the modest bidding.

Gustav Klimt portrait sells for $236.4m, making it the second most expensive artwork ever sold at auction

Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million at Sotheby's New York on Tuesday night, becoming the second most expensive artwork ever sold at auction and the most expensive modern artwork ever auctioned. The six-foot-tall painting, created between 1914 and 1916, depicts the young heiress and daughter of Klimt's patrons. Six bidders competed for 20 minutes before the work was sold, though Sotheby's declined to name the buyer. The painting had been looted by the Nazis during World War II, returned to the Lederer family in 1948, and later acquired by Estée Lauder heir Leonard A. Lauder in 1985. Lauder died in June at age 92, and the sale was part of his collection auction that fetched $575.5 million total.

Gustav Klimt portrait sale breaks modern art record

Gustav Klimt's portrait of Elisabeth Lederer sold for $236 million (£180 million) at Sotheby's in New York, setting a new record for the most expensive work of modern art ever sold at auction. The painting, completed between 1914 and 1916, depicts the daughter of Klimt's most important patrons and was part of the collection of the late cosmetics billionaire Leonard Lauder, who had purchased it in 1985. The sale took place during Sotheby's first evening sale at its new Manhattan headquarters, with bidding starting at $130 million and narrowing to two contenders before the hammer fell at $236 million.

Record $236.3m Klimt leads Sotheby’s first night of auctions in Breuer Building

Sotheby's first evening auctions in its new Manhattan headquarters, the former Whitney Museum building designed by Marcel Breuer, achieved a record total of $605.1 million ($706 million with fees) on November 18. The night was headlined by the sale of 24 works from the collection of the late billionaire Leonard Lauder, which alone brought in $456.2 million. The standout lot was Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer, 1914-16)', which sold for $205 million ($236.3 million with fees) after a nearly 20-minute bidding war, becoming the second-most-expensive painting ever sold at auction. A subsequent contemporary art auction added $148.8 million ($178.5 million with fees) across 44 lots.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.

Christie’s $700M Night, Trump’s $7.25M Rockwell & Bonhams’ Big Names

The article reports on major auction results from Christie's, Bonhams, and other houses, including a $700 million evening sale at Christie's and a Norman Rockwell painting sold for $7.25 million linked to former President Donald Trump. It also highlights notable consignments and bidding activity from high-profile collectors and estates.

Gold toilet, Klimt portrait sell for millions at Sotheby’s

A portrait by Gustav Klimt, *Portrait of Elisabeth Lederer* (1914–1916), sold for $236 million at Sotheby's in New York, setting a record for the auction house. The painting, depicting the daughter of Klimt's patron, was part of the collection of late billionaire Leonard A. Lauder. In the same sale, Maurizio Cattelan's solid gold toilet *America* (2016) fetched $12.1 million, with the piece satirizing superwealth. The toilet had previously been exhibited at the Guggenheim Museum and was stolen from Blenheim Palace in 2019; its current whereabouts remain unknown.

Kim Whan-Ki's 19-VI-71 #206 to be Auctioned at Christie's New York 20th Century Evening Sale - Christie's

Christie's New York will auction Kim Whan-Ki's 1971 painting *19-VI-71 #206* (estimate $7.5–10 million) on 17 November 2025 as part of its prestigious 20th Century Evening Sale. This marks the first time a Korean artwork has been included in this marquee sale, placing the piece alongside works by Pablo Picasso, Marc Chagall, Joan Mitchell, and David Hockney. The painting, from the artist's New York period, is one of only 30 large-scale 'dot paintings' exceeding 200 cm and was created in the same year as his record-setting *05-IV-71 #200 (Universe)*, which sold at Christie's Hong Kong in 2019 for over HK$100 million.

New York Galleries: Openings and Closings of the Week (11/11—11/16)

The Best Art Exhibits to See in New York City Right Now

New York City's autumn art scene features a diverse array of exhibitions across major museums. At the Metropolitan Museum of Art, "Man Ray: When Objects Dream" showcases 60 rayographs alongside 100 paintings and prints, exploring the artist's camera-less photography technique. The Brooklyn Museum presents "Monet and Venice," placing 19 of Monet's Venetian paintings in dialogue with works by John Singer Sargent and others, while also hosting "Breaking the Mold: Brooklyn Museum at 200," a retrospective on the institution's two-century history. The New York Historical Society offers "The Gay Harlem Renaissance," highlighting queer Black artists and writers of the Harlem Renaissance, and "The New York Sari," examining South Asian women's fashion influence since the Gilded Age.

Greenville County Museum of Art showcases ‘At This Moment’ exhibition

The Greenville County Museum of Art (GCMA) will open “At This Moment: Portraits of South Carolina Artists” on November 12, featuring 78 photographs taken over ten months by photographer Jerry Seigel. Seigel was commissioned by GCMA’s Mark Sloan and Tom Styron to travel across the state and capture portraits of notable artists including Sigmund Abeles, Shepard Fairey, Pearl Fryar, Jonathan Green, Mary Jackson, Jasper Johns, Grainger McKoy, George Read, Brian Rutenberg, Leo Twiggs, and Mary Whyte. The exhibition runs through January 11, 2026, and will be accompanied by a book of the same title containing Seigel’s photos and biographical information on each artist.

Maurizio Cattelan's solid gold toilet going to auction at Sotheby's

Sotheby's will auction Maurizio Cattelan's solid gold toilet sculpture, *America* (2016), during its evening sale of contemporary art in New York on 18 November. Bidding starts at approximately $10 million, based on the current market value of the 18-karat gold used in the work. The piece, a fully functioning toilet modeled after a standard Kohler design, will be on view at Sotheby's Breuer Building from 8 to 17 November, though visitors will not be allowed to use it. This is the only surviving edition; another was famously stolen from Blenheim Palace in 2019 and believed melted down.

Cattelan's famous gold toilet goes up for auction: America for sale at Sotheby's

Maurizio Cattelan's iconic 2016 gold toilet sculpture, 'America,' will be auctioned at Sotheby's on November 18, 2025, during The Now and Contemporary evening auction. The starting bid will be tied to the fluctuating gold market price, currently around $10 million based on its 101.2 kg weight, and Sotheby's will accept cryptocurrency as payment. The work, a fully functional toilet made of 18-karat gold, was famously installed at the Solomon R. Guggenheim Museum in New York in 2016, where over 100,000 visitors used it, and was later stolen from Blenheim Palace in 2019. This is the only surviving version of the two originally made.

Maurizio Cattelan’s Gold Toilet Returns to Market at Sotheby’s This November

Sotheby's has announced that an edition of Maurizio Cattelan's gold toilet sculpture "America" (2016) will be auctioned in its The Now & Contemporary Evening Auction on November 18, 2025, with a starting bid of approximately $10 million based on its 101.2-kilogram weight in gold. The work first gained fame at the Solomon R. Guggenheim Museum in New York in 2009, where over 100,000 visitors used it, and later made headlines when it was stolen from Blenheim Palace in a raid that caused structural damage and flooding. The stolen piece was never recovered and is presumed melted down, making this edition the only one in existence.

Stefan Edlis and Gael Neeson built an unforgettable collection defined by humanity and humour

Christie's will auction over 40 works from the collection of the late Stefan Edlis and his wife Gael Neeson, beginning with the 21st Century Evening Sale on 19 November and the Post-War & Contemporary Art Day Sale on 20 November in New York, with additional offerings continuing through 2026. The collection, housed in the couple's Chicago residence, includes iconic pieces by artists such as Ed Ruscha, Urs Fischer, Jeff Koons, Cindy Sherman, and Diego Giacometti, reflecting a blend of avant-garde, Pop, and Art Deco design.

Modern & Contemporary African and Middle Eastern Art at Olympia Auctions

Olympia Auctions will hold a sale of Modern & Contemporary African and Middle Eastern Art on 29 October 2025, featuring 66 lots curated by specialists Janet Rady and Elikem Logan. Highlights include works by Ben Enwonwu, Oluwole Omofemi, Johnson Ocheja, Jacob Hendrik Pierneef, and South African women weavers from the Rorke’s Drift Art and Craft Centre, with estimates ranging from £1,000 to £25,000.

Headed to Paris for Art Basel? Here are the 17 museum shows not to miss

Art Basel Paris is underway, and this article highlights 17 must-see museum shows across the city. Key exhibitions include a joint tribute to Niki de Saint Phalle, Jean Tinguely, and Pontus Hultén at the Grand Palais; a Rick Owens fashion retrospective at Palais Galliera; the first French monographic show of John Singer Sargent at the Musée d'Orsay, featuring his scandalous 'Portrait of Madame X'; a Bridget Riley exhibition exploring her debt to Georges Seurat; a Minimalism survey at the Bourse de Commerce; and a major Jacques-Louis David retrospective at the Louvre marking the bicentenary of his death.

Christie's Paris Art Week - Christie's

Christie's will hold a series of modern and contemporary art auctions and events in Paris during late October 2025, coinciding with the fourth edition of Art Basel Paris. The sales feature major works including a monumental Yves Klein monochrome (estimate on request), Alberto Giacometti's 'Femme debout' (€5-7M), Paul Signac's 'La Passerelle Debilly' (€4-6M), and pieces by Pierre Soulages, Pierre-Auguste Renoir, and others. The week opens on October 23 with 'Moderne(s), une collection particulière européenne,' a private collection of 40 European avant-garde works, followed by the flagship 'Avant-Garde(s) including Thinking Italian' sale.

Southeast Asia’s biggest impressionist art show is coming to Singapore

The National Gallery Singapore will host Southeast Asia’s largest exhibition of French Impressionist art, titled “Into the Modern: Impressionism from the Museum of Fine Arts, Boston,” from November 14, 2025, to March 1, 2026. The show features over 100 paintings on loan from the Museum of Fine Arts, Boston, including works by Claude Monet, Pierre-Auguste Renoir, Edgar Degas, Paul Cézanne, Berthe Morisot, and Camille Pissarro, with 17 Monet paintings such as ‘Poppy Field in a Hollow near Giverny’ and ‘Cap Martin near Menton.’ None of the artworks have been displayed in Southeast Asia before.

Crystal Bridges Museum's expansion will open in June 2026

Crystal Bridges Museum of American Art in Bentonville, Arkansas, announced its expansion will open on June 6, 2026, adding 114,000 square feet—a 50% increase in size. Designed by Safdie Architects, the project began in 2022 and includes hundreds of newly donated works, the largest gift in the museum's history: over 200 pieces from Dallas-based collectors Candace and Michael Humphreys. Additional donations from board chair Olivia Walton and her husband Tom include 18 works by women artists, honoring her late mother, gallerist Monique Knowlton.

Crystal Bridges Museum of American Art Announces Historic Expansion Opening

Crystal Bridges Museum of American Art in Bentonville, Arkansas, has announced a historic expansion, increasing its size by 50 percent to 114,000 square feet, with a grand opening scheduled for June 6 and 7, 2026. The expansion, designed by Safdie Architects, includes fully reimagined galleries and is celebrated by two landmark gifts: 18 major works by women artists donated by chairperson Olivia Walton and her husband Tom Walton, and 200 artworks by over 100 artists donated by collectors Candace and Michael Humphreys. The Walton gift features artists such as Yayoi Kusama, Alice Neel, and Njideka Akunyili Crosby, while the Humphreys gift introduces many new artists to the museum's holdings.

Yayoi Kusama Retrospective Becomes Most Visited Exhibition in Australian History

Yayoi Kusama's retrospective at the National Gallery of Victoria (NGV) in Melbourne became the most visited exhibition in Australian history, drawing 570,537 ticket holders from December 2024 to April 2025. The show broke the museum's previous record set by the 2017 exhibition "Van Gogh and the Seasons," which sold 462,262 tickets. Featuring over 200 artworks spanning nine decades, including 10 infinity rooms and early drawings from age nine, the exhibition attracted a diverse audience that included celebrities like Billie Eilish, Dua Lipa, Troye Sivan, and Finneas.