kerry james marshall jean michel basquiat sothebys

Sotheby's has announced two major consignments for its November marquee auctions in New York: Jean-Michel Basquiat's "Crowns (Peso Neto)" (1981), estimated at $45 million, and an untitled Kerry James Marshall painting from 2008, estimated at $10–15 million. The Basquiat, painted on Christmas night 1981, debuted at Annina Nosei Gallery and Documenta 7, and was previously owned by collectors Thomas Worrell and José Mugrabi before being consigned by French actor Francis Lombrail. The Marshall, depicting a couple embracing at sunset, was purchased on the primary market and has remained in the same collection, recently appearing at the Church in Sag Harbor with lender Neda Young.

maurizio cattelan scavenger hunt joseph beuys felt suit

Maurizio Cattelan has partnered with the online art platform Avant Arte for a project centered on a new sculptural self-portrait titled *We Are The Revolution* (2025), which references Joseph Beuys's felt suit. The work lampoons the self-importance of contemporary art while reflecting on the artist's evolving role. Limited to 1,000 resin editions priced at €1,500 each, the release involves a randomized draw and a scavenger hunt in New York, Amsterdam, and London, where sculptures will be hidden in market stalls, bodegas, and an antiques dealership from September 30 to October 7. Prices range from $0.99 to €9,999 depending on location.

christies robert patricia weis collection sale

Christie’s has secured the collection of Robert F. Weis and Patricia G. Ross Weis for its November sales in New York, with 80 lots valued at over $180 million. The collection spans Cubism to Abstract Expressionism and includes major works by Picasso, Matisse, Mondrian, and Rothko, with top estimates reaching $50 million. The Weis family, founders of Weis Markets, assembled the collection over more than seventy years, and 18 lots will be sold in a single-owner sale ahead of Christie’s 20th-century evening sale.

deleuze seminars painting

A newly translated English edition of Gilles Deleuze's 1981 seminars on painting, originally published in French as 'Sur la peinture' in 2023, has been released by the University of Minnesota Press. Translated by Charles J. Stivale, the eight lectures explore what concepts painting can offer to philosophy, rather than the reverse. Deleuze discusses terms like catastrophe, the diagram, and figure, focusing on artists such as Titian, Turner, Cézanne, van Gogh, Klee, Mondrian, Pollock, and Bacon, offering a chaotic yet magnificent counterpoint to his more systematic book 'Francis Bacon: The Logic of Sensation'.

philip falcone blce art loans picasso hirst ruling

The New York Supreme Court ruled against former hedge fund manager Philip Falcone in a case brought against pawnbroker BLCE over loans secured by artworks and a diamond ring. Judge Lyle E. Frank sided with BLCE's counter-claims of fraud and breach of contract, finding that Falcone made misrepresentations when securing loans with the same artworks—including pieces by Pablo Picasso, Damien Hirst, and Richard Prince—from multiple lenders. Falcone had claimed the ring was "wrongfully foreclosed," but the court determined he failed to raise genuine issues of material fact.

rare m c escher works auction

A cache of M.C. Escher drawings and prints, created during his time in Italy and later, fetched a stunning total of $7.8 million at Christie’s on July 22, quadrupling its low presale estimate. The auction, titled 'The Art of Infinity,' featured 65 lots, with nearly every work on paper surpassing the previous record for an Escher work in the medium. The top lot, *Reptiles* (ca. 1943), sold for $529,200—five times its low estimate—while *Relativity* (ca. 1953) achieved $504,000, ten times its low estimate. The sale largely came from the collection of Robert Owen Lehman Jr., a documentary filmmaker and member of the Lehman banking family.

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.

new york sales underperform may 2025

Christie’s, Sotheby’s, and Phillips collectively fell short of their spring auction expectations, bringing in just over $1 billion in evening sales against estimates of $1.2 billion to $1.6 billion. The hammer total of $837.5 million was down from $1.4 billion in the same week last year and $1.8 billion in 2022, with a notable drop in high-priced works and fading interest in emerging artists. The top ten lots generated $278.6 million, a 63 percent decline from 2022, and only a handful of artists under 45 appeared in evening sales, compared to previous years.

calder sale art detective

An Alexander Calder mobile, *Big Horizontal Red* (1956), estimated at $5–7 million, is set for auction at Christie’s on May 12. The work’s provenance traces through Perls Galleries, the Texas Institute for Rehabilitation and Research, and a private New York collection, but a source reveals that its 1997 purchaser, Patricia Halterman, was the granddaughter of Magda Goebbels, wife of Nazi propaganda minister Joseph Goebbels. Christie’s declined to comment on the consignors but stated it conducted careful evaluation and diligence.

sean combs diddy may lose kerry james marshall painting

Sean Combs, also known as Diddy, may lose a prized Kerry James Marshall painting, *Past Times* (1997), among other assets if found guilty of sex trafficking charges, which he has denied. The painting was purchased at Sotheby's in 2018 for $21.1 million, setting an auction record for Marshall. Reports indicate Combs had been actively collecting art since 2014 with adviser Maria Brito, but with multiple civil suits pending, speculation has grown that he might be forced to sell.

artnet auctions contemporary editions jesus rafael soto

Artnet Auctions is offering five works by Venezuelan kinetic and Op art pioneer Jesús Rafael Soto (1923–2005) in its Contemporary Editions sale, open for bidding through May 29, 2025. The lots include *Multiple #4 (from Jai Alai)* (1969, est. $8,000–$12,000), *Permutación (from Serie Sintesis)* (1979, est. $6,000–$8,000), and *Tes Azules y Negras (from Serie Sintesis)* (1979, est. $7,000–$10,000), each exemplifying Soto's signature blend of optical illusion, physical layering, and kinetic elements.

may marquee auctions recap analysis christies sothebys

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.

by the numbers christies 20th century sale totals modest 217 million

Christie’s held a doubleheader evening sale on May 12, 2025, featuring its regular 20th-century art auction and the Riggio collection. The various-owners sale achieved $216.9 million in total sales after fees, a 52% decline from the $413 million equivalent sale the previous year. The top lot was Claude Monet’s *Peupliers au bord de l’Epte, crépuscule* (1891), which sold for $42.9 million with fees. The sale had a 94% sell-through rate, with 34 of 36 lots sold and none bought in. Notable moments included a new auction record for Dorothea Tanning at $2.3 million and a strong result for Remedios Varo’s *Revelación* (1955) at $6.22 million.

christies riggio modern art new york evening auctions 2025

Christie’s spring marquee auctions in New York brought in a combined $489 million with fees across two evening sales: the Leonard & Louise Riggio: Collected Works sale and the 20th Century sale. The Riggio collection, featuring 39 works heavy on Surrealism, modernism, and Minimalism, achieved $272 million with buyer’s premium, led by Piet Mondrian’s Composition With Large Red Plane, Bluish Gray, Yellow, Black and Blue (1922) at $47.56 million and René Magritte’s L’empire des lumières (1949) at $34.9 million. The 20th Century sale included major canvases by Monet, Rothko, and Warhol, but the hammer total of $409 million fell below the $446 million pre-sale low estimate, indicating the auction house did not meet expectations.

justin sun responds david geffen counter response giacometti

Hong Kong crypto entrepreneur and art collector Justin Sun has filed a new 100-page legal response in his ongoing lawsuit against megacollector David Geffen over Alberto Giacometti's sculpture *Le Nez* (1949/1965). Sun claims his employee Xiong Zihan Sydney stole the $78.4 million artwork—which he bought at Sotheby's New York in 2021—and sold it to Geffen without his knowledge. Geffen counters that Sun is experiencing "seller's remorse" and that the lawsuit is a sham. Sun's latest filing alleges that Geffen paid $2 million "under the table" to dealers David and Cole Tunkl to secure the piece, and reveals that Xiong has been detained in China since February at the Dezhou Detention Center.

amid fraud case collector justin sun reportedly spent 75 m on trump backed crypto firm

Justin Sun, the crypto billionaire known for buying and eating Maurizio Cattelan's banana sculpture, is under scrutiny after reportedly spending $75 million on World Liberty Financial (WL), a cryptocurrency firm promoted by President Donald Trump. The investment, revealed by a New York Times investigation on April 28, comes while Sun faces a U.S. Securities and Exchange Commission fraud lawsuit and a separate legal battle with collector David Geffen over an Alberto Giacometti sculpture allegedly stolen from Sun's collection.

amid market uncertainty asian art posts standout results

A review of the top 20 auction lots sold globally in the first quarter of 2025 reveals that four of the five priciest works were either by Asian artists or sold in Asia, a shift from the dominance of Western works in London and New York during the same period in 2023 and 2024. Notable sales include a record-breaking Yuan dynasty calligraphy by Rao Jie at Sotheby’s Hong Kong for $32.2 million, Tyeb Mehta’s *Trussed Bull* setting an artist record at Saffronart in Mumbai, and M. F. Husain’s *Untitled (Gram Yatra)* becoming the first Indian Modern artwork to exceed $10 million at Christie’s New York. However, the total value of the top five lots fell to $73.7 million, down nearly 14% from 2024 and 46% from 2023, amid a broader downturn in Asian art sales, particularly in China.

christies names alex rotter global president

Christie’s has promoted Alex Rotter to global president, a new role in which he will retain his existing title as global chairman of 20th- and 21st-century art. Rotter will collaborate with regional presidents and global chairmen to develop strategies for auction and private sales. He joined Christie’s in 2017 after 16 years at Sotheby’s and created the “20/21” department, which unified postwar, contemporary, and Impressionist and modern art sales. Rotter has overseen landmark sales including Jeff Koons’s *Rabbit* (1986) for $91 million, Andy Warhol’s *Shot Sage Blue Marilyn* (1964) for $195 million, and Leonardo da Vinci’s *Salvator Mundi* (ca. 1500) for $450 million.

End of investment art? Why the bottom of the market is flourishing

The art market in 2024 saw an aggregate 12% decline in sales to an estimated $57.5bn, driven by a slowdown at the ultra-premium end, according to the Art Basel and UBS Art Market Report and Artprice. However, the lower end of the market is flourishing: auction sales of works under $5,000 grew 7%, dealers with turnover under $250,000 reported a 17% increase, and sales of works under $20,000 reached record levels. Online platforms like Avant Arte, which sold $23m in print and sculpture editions (up 53% year-on-year), are key drivers, attracting younger and first-time collectors with affordable, editioned works.

Work in Progress: Akinsanya Kambon

Akinsanya Kambon’s work is featured as a highlight in a curated guide of six must-see exhibitions during the EXPO Chicago 2026 art fair. The selection spans a diverse range of media and venues, including Josh Brainin’s frantic two-channel video installations at Tala and a thematic exploration of urban infrastructure hosted at the Chicago Cultural Center.

Meet Me in New York: Alix Vernet

The Chicago art scene takes center stage with a curated guide to six essential exhibitions coinciding with the EXPO Chicago 2026 art fair. Highlights include Josh Brainin’s immersive two-channel video installation at Tala and a thematic exploration of Chicago’s urban infrastructure hosted at the Chicago Cultural Center, showcasing a diverse range of media from digital video to architectural critique.

Andrew Lloyd Webber Says He's Writing a New Musical About the Time the 'Mona Lisa' Vanished Without a Trace in 1911

Andrew Lloyd Webber, the legendary composer behind 'The Phantom of the Opera,' has announced he is developing a new musical centered on the 1911 theft of Leonardo da Vinci’s 'Mona Lisa.' The production will dramatize the true story of Vincenzo Peruggia, an Italian glazier who stole the masterpiece from the Louvre, leading to a two-year international search before the painting was recovered in Italy.

New Art21 Documentary Follows Camille Henrot as She Completes New Work for the New Museum’s Reopening

Art21 has announced the premiere of a new documentary titled "Camille Henrot: In Movement," scheduled for release on April 22, 2026. Directed by Adam Golfer, the film tracks the multidisciplinary artist over the course of a year as she prepares a new body of work, including paintings, bronze sculptures, and a new film titled "In the Veins" (2026). The production follows Henrot from her New York studio to a foundry in Paris, capturing her creative process leading up to a major presentation at the newly reopened New Museum.

Thinking Infrastructurally: On Diversity of Aesthetics, Part 2

The article, part of a series on e-flux, presents a theoretical analysis of the 1965 Watts rebellion through the lens of Guy Debord's Situationist thought. It examines how the rioters' destruction and theft of commodities, like refrigerators they couldn't power, acted as a rejection of capitalist integration and exposed the false promise of consumer affluence.

The Sprawling New David Geffen Galleries At LACMA Open To The Public On Sunday, May 3

The David Geffen Galleries at the Los Angeles County Museum of Art (LACMA) will open to the public on Sunday, May 3, after 20 years of development. Designed by architect Peter Zumthor, the 900-foot-long horizontal glass and concrete structure overlooks the La Brea Tar Pits and stretches over Wilshire Boulevard. The main floor, elevated 30 feet above street level, offers 110,000 square feet of gallery space for LACMA’s permanent collection. The inaugural exhibition is inspired by four major bodies of water—the Pacific, Indian, and Atlantic oceans, and the Mediterranean Sea—and features works by artists including Todd Gray, Do Ho Suh, Lauren Halsey, Tavares Strachan, Jeff Koons, and Diego Rivera. The building also includes open plazas, an outdoor public space, and an Erewhon Cafe, with a larger restaurant and wine bar planned for fall 2026.

In major auction night, rare Klimt painting smashes records at $236.4 million

Sotheby's held its first sale at its new US headquarters in New York, where Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million, becoming the most valuable work of modern art ever sold at auction and the most expensive artwork ever sold by Sotheby's globally. The record-breaking 20-minute bidding war also saw strong results for works by Edvard Munch ($35.1 million) and a Klimt landscape ($86 million), while the evening's total reached $706 million. However, two top lots by Kerry James Marshall and Barkley L. Hendricks failed to sell, and Maurizio Cattelan's gold toilet "America" drew only a single bid from Ripley's Believe It or Not! for $12.1 million.

Tanka Fonta wins 2026 Wi Di Mimba Wi Prize

Cameroon-born artist and polymath Tanka Fonta has been named the recipient of the 2026 Wi Di Mimba Wi Prize. Awarded by SAVVY Contemporary and the AKB Stiftung, the prize includes a €30,000 grant, production funds for a new commission, and dedicated curatorial support. Fonta, whose multidisciplinary practice spans visual art, composition, and philosophy, was selected from a shortlist of five Germany-based artists by a jury of prominent curators and academics.

It is the great Mark Rothko leading Sotheby's first auctions in New York

È il grande Mark Rothko a guidare le prime aste di Sotheby’s a New York

Sotheby's kicked off New York's art and auction week with two major sales on May 14, 2026, led by the highly anticipated Robert Mnuchin: Collector at Heart Evening Auction. The top lot was Mark Rothko's "Brown and Blacks in Reds" (1957), which sold for $85.8 million, the second-highest price ever for the artist at auction. The Mnuchin auction achieved a "white glove" sale, selling all 11 lots for a total of $166.3 million, followed by The Now & Contemporary Evening Auction which brought in $266.8 million. Combined, Sotheby's generated $433.1 million, a 133% increase over its May 2025 session. The sales reflect a strong return of high-value trophy lots to the secondary market, driven by the dispersal of prominent collectors' estates.

Art Busan Is Building a More Sustainable Art Market

Art Busan, celebrating its 15th anniversary, will be held from May 21 to 24, 2026, at BEXCO in Busan, South Korea, bringing together over 110 galleries from 18 countries. The fair introduces two new integrated segments: DEFINE, which expands the fair to include collectible design, furniture, and craft, and LIGHTHAUS, which transforms gallery booths into curated spatial experiences to encourage deeper engagement. These initiatives aim to move beyond purely transactional sales and speculative momentum.

Maracas in hand, my toddler wanders freely through a gallery of priceless ceramics

A parent describes bringing their toddler to a "family-friendly drop-in" session at the Fitzwilliam Museum in Cambridge, where children are allowed to roam freely among priceless ceramics and other artworks. The session is child-led and loosely structured, with activities like coloring, building blocks, and musical instruments placed directly in the galleries rather than in a separate cordoned-off area.