Old Masters Records: Gentileschi, Michelangelo, Rembrandt

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Old Masters Week in New York saw a resurgence in the sector, highlighted by the Italian Ministry of Culture's $14.9 million private acquisition of a rare two-sided panel by Antonello da Messina from Sotheby’s. The week featured high-profile sales at both Sotheby’s and Christie’s, resulting in new auction records for major figures including Artemisia Gentileschi and Michelangelo, as well as a record price for a Rembrandt drawing. The success was attributed to a high level of museum participation and more realistic pricing strategies compared to previous seasons.

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Frida Kahlo’s descendants are expressing growing concern over the hyper-commercialization of the artist’s image, which has expanded from museum walls to coffee mugs, dolls, and even a luxury apartment complex in Miami. Cristina Kahlo, the artist’s great-niece, warns that the proliferation of licensed merchandise by the Frida Kahlo Corporation (FKC) often distorts Kahlo’s legacy, reducing a complex painter to a shallow pop-culture brand. This family tension highlights a rift between those profiting from the trademark and those who believe the artist's historical significance is being eclipsed by 'Fridamania.'

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Bonhams has opened its new U.S. headquarters at 111 West 57th Street in New York, moving from its longtime Madison Avenue location into a 42,000-square-foot space within the restored Steinway Hall. The design features an 80-foot glass atrium, a grand staircase, and restored historic elements, aiming to create a transparent, cultural-center-like atmosphere rather than a traditional salesroom.

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High Line Art has announced its 2026 season of public art commissions for New York's elevated park. The program includes a billboard work by Katherine Bernhardt and three major installations by Patricia Ayres, Ximena Garrido-Lecca, and Derek Fordjour, alongside video works for the High Line Channel by Saba Khan and a film grouping by Marianna Simnett, Filip Kostic, and Ana Hušman.

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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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Tate Modern's upcoming exhibition "Frida: The Making of an Icon," opening in June, will feature only 36 works by Frida Kahlo, a significant drop from the 50-plus works shown in the museum's last major Kahlo exhibition in 2005. Curators cite the artist's soaring global popularity as a practical obstacle: her paintings have become scarcer, more valuable, and harder to borrow. A key example is Kahlo's 1940 painting "El sueño (La cama)," which sold at Sotheby's New York for $54.7 million last fall, setting a new auction record for a woman artist. Tate is still trying to secure that work for the show, but curator Tobias Ostrander says chances are slim. Notably, Madonna, who lent works in 2005, has declined to loan this time. The exhibition, which premieres at the Museum of Fine Arts Houston before traveling to London, will not be a traditional retrospective but will instead place Kahlo's work within a broader cultural context, including works by over 80 artists she influenced and a section examining "Fridamania" and the mass merchandising of her image.

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Creative Time, a New York-based nonprofit known for large-scale public art, has appointed Jean Cooney as its executive director. Cooney previously served as vice president of arts and culture at the Times Square Alliance and director of Times Square Arts since 2019, and before that spent seven years at Creative Time, rising to deputy director. She worked on major projects including Kara Walker's 'A Subtlety' at the Domino Sugar Factory. Cooney succeeds Justine Ludwig, who stepped down in September to join PST ART as inaugural creative director. Cooney begins her role on February 23, and the organization will celebrate her return at its annual spring gala on April 28.

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Madrid's Prado Museum has announced it will cap visitor numbers after a record-breaking 3.5 million visits in 2025, with director Miguel Falomir declaring the institution does not want or need 'a single visitor more.' The museum unveiled 'Plan Host,' a new strategy prioritizing visitor experience over volume, including measures to limit crowds and attract more local Spanish audiences, as 65 percent of current visitors are overseas tourists. Falomir warned against chasing ever-higher attendance, citing the Louvre as a cautionary example where overcrowding has led to deteriorating conditions, staff strikes, and calls for the director's resignation.

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Hauser & Wirth and art shipping company Artay Rauchwerger Solomons face trial over charges of evading U.K. sanctions by allegedly making artist George Condo's 2021 work on paper, *Escape from Humanity*, available to a person connected with Russia in 2022. The U.K. Crown Prosecution Service brought the charge in November, and a judge has scheduled a 10-day trial for January 2028, with a hearing on May 5, 2026, for arraignment. Hauser & Wirth has stated it will plead not guilty, while the shipping firm, which went into voluntary liquidation in April 2024, did not respond to requests for comment.

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An inmate in a Virginia prison has had the July/August issue of the Humanist magazine rejected by prison censors because it contains a reproduction of Peter Paul Rubens's painting of Adam and Eve, in which Eve's breasts are visible despite fig leaves covering the couple's genitals. Attorney Jeffrey E. Fogel filed a federal lawsuit on August 31 on behalf of the American Humanist Association, arguing that the rejection violates the First and Fourteenth Amendments and has caused financial harm to the publisher. The article in question, titled "Everything You Know about Sex is Wrong," aims to challenge binary gender concepts.

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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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Jack Whitten is the recipient of the 2025 ARTnews Award for his retrospective "Jack Whitten: The Messenger" at the Museum of Modern Art, New York, running from March 23 to August 2, 2025. Curated by Michelle Kuo with Helena Klevorn, Dana Liljegren, and David Sledge, the exhibition features 175 works spanning Whitten's six-decade career, highlighting his innovative use of acrylic paint, his custom squeegee-like tool called the Developer, and his mosaic-like paintings made from dried acrylic chips. The show includes early works from the civil rights era, mid-career homages to Black thinkers like W.E.B. Du Bois and Ralph Ellison, and a monumental abstraction memorializing 9/11.

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Christie's and Sotheby's have released their projected 2025 sales results, signaling a potential recovery after three years of market contraction. Sotheby's reported total sales of $7 billion, a 17% increase over 2024, with fine art up 15% to $4.3 billion. Christie's posted $6.2 billion, a 6% rise from $5.8 billion in 2024, bolstered by $234 million from its Gooding acquisition. Notable sales include Canaletto's Venice, the Return of the Bucintoro on Ascension Day for £31.9 million at Christie's and a Gustav Klimt painting that sold for $236 million at Sotheby's.

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On December 15, 2025, the Musée du Louvre in Paris was forced to close as approximately 400 of its 2,100 employees went on strike, picketing outside the museum's glass pyramids and turning away visitors. The strike follows a series of crises at the institution, including a $102 million jewel heist in broad daylight two months prior, a flooding incident from a burst water pipe in November, and ongoing concerns about deteriorating facilities, long lines, and substandard restrooms and dining areas. Workers are demanding higher wages and better conditions, with three trade unions—CGT, SUD, and CFDT—warning in an open letter that staff feel like "the last bastion before collapse."

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Sotheby's sold a Tiffany Studios Magnolia floor lamp for $4.4 million at its Dreaming in Glass auction in New York, making it the most expensive leaded lamp by the decorative arts studio ever sold at auction. The lamp, manufactured around 1910, features a patinated bronze stand and a 28-inch colored glass dome depicting magnolias, and was crafted by Agnes Northrop, Tiffany's star designer, rather than Clara Driscoll. The bidding battle lasted 10 minutes, surpassing the $3 million high estimate.

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A 1976 Hippopotamus Bar by François-Xavier Lalanne sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting a new auction record for the French artist. The hand-wrought copper, steel, and wood piece, commissioned by art patron Anne Schlumberger, is the only copper prototype from the series and features concealed compartments for bottle storage, ice bucket, and glassware. The sale was part of the Schlumberger collection, which also included a gold-patinated bronze armchair by Claude Lalanne that fetched $1 million and a pair of bronze gates that sold for $787,400.

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Wafaa Bilal has been named the recipient of the 2025 ARTnews Award for Established Artist, recognizing his survey exhibition “Wafaa Bilal: Indulge Me” at the Museum of Contemporary Art, Chicago (February 1–October 19, 2025). The show is the first major retrospective for the Iraqi American artist, featuring works that put his body at risk, including the iconic performance *Domestic Tension* (2007), in which remote participants fired a paintball gun at him over the internet, and *Virtual Jihadi* (2008), a modified video game that blurs the lines between aggressor and victim. Curated by Bana Kattan, the exhibition restages elements of Bilal’s original performance and presents his ongoing critique of U.S. involvement in the Middle East, particularly the Iraq War and the use of drone warfare.

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In September 1945, exiled Surrealist painter Leonora Carrington completed her masterpiece *Les Distractions de Dagobert* (also known as *The Pleasures of Dagobert*), a densely layered canvas teeming with mythical figures, ritual fires, and medieval references. The painting, loosely inspired by the 7th-century Merovingian king Dagobert, depicts the monarch in a red robe on a cow-headed cart surrounded by enigmatic scenes. After a fierce 10-minute bidding war at Sotheby’s New York in May 2024, the work sold for $28.5 million to Argentine collector Eduardo F. Costantini, shattering Carrington’s previous auction record of $3.3 million. The painting is now on view at the Philadelphia Museum of Art as part of the exhibition “Dreamworld: Surrealism at 100,” the show’s only North American stop.

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René Magritte’s *L’empire des lumières* series, comprising 17 oil paintings and 10 gouaches created between the late 1940s and early 1960s, juxtaposes a nocturnal street scene with a bright daytime sky. The article explores the origins, meaning, and market performance of these works, noting that they were inspired by a line from André Breton’s poem *L’Aigrette* and reflect Magritte’s own Brussels neighborhood. Recent auction sales have shattered records, including a 1954 version that sold for $121.2 million at Christie’s New York in November 2024, making it the most expensive Surrealist artwork ever sold at auction.

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Last week's New York marquee auctions saw record-breaking sales and billions of dollars in transactions, providing a much-needed boost of confidence after nearly three years of market contraction. The article reviews top sales and notable flops from the week, analyzing how these results are shaping the current market outlook.

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The Louvre's blockbuster exhibition "Louvre Couture," which drew over one million visitors in Paris, has opened at the Museum of Fine Arts, Houston (MFAH). The show pairs high-fashion garments and accessories—from Yves Saint Laurent to Jacquemus—with artworks and decorative objects, illustrating how designers draw from art history. The Houston edition features 36 objects from 23 designers, including pieces by Jean Paul Gaultier, Iris van Herpen, Schiaparelli, and a John Galliano-designed Dior gown, displayed across two buildings and over a dozen galleries.

frida kahlo painting sothebys record woman surrealism 1234762747

Frida Kahlo's 1940 self-portrait *El sueño (La cama)* sold for $54.7 million at Sotheby's New York on November 20, far exceeding its pre-sale estimate of $40–60 million. The painting, consigned by the estate of Selma Ertegun, was won by a phone bidder handled by Sotheby's senior vice president Anna Di Stasi. The sale broke Kahlo's previous auction record of $34.9 million set in 2021 for *Diego y yo*, as well as the record for a Latin American artwork and the overall record for a work by a woman artist at auction, surpassing Georgia O'Keeffe's $44.4 million *Jimson Weed/White Flower No. 1*.

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A new experimental space called Padimai Art & Tech Studio will open in November 2025 at Tanjong Pagar Distripark in Singapore. The launch features a VR work by artist Olafur Eliasson titled "Your view matter" (2022/25), commissioned by the studio's founder, technologist and collector Vignesh Sundaresan (also known as Metakovan). Sundaresan made headlines in 2021 with his record-breaking $69.3 million purchase of Beeple's "Everydays: The First 5000 Days." The work guides participants through six geometric virtual environments, with each visitor's trajectory and point of view recorded as a unique data file stored in a blockchain-based archive.

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A judge at London's Kingston Crown Court sentenced Larry Fraser to 13 months in jail for stealing a Banksy print of the iconic *Balloon Girl* image from Grove Gallery in September 2024. Fraser, who pleaded guilty, used a hammer to break a glass door and stole the print in 36 seconds, hoping to pay off a drug debt. The Metropolitan Police's Flying Squad recovered the artwork within days after Fraser and accomplice James Love stashed it on the Isle of Dogs. Love was acquitted by a jury, claiming he was unaware of the theft until after the fact.

hauser wirth charged by uk authorities for breaching criminal sanctions 1234761572

UK tax authority HM Revenue and Customs (HMRC) has charged mega-gallery Hauser & Wirth with breaching criminal sanctions by allegedly making a luxury artwork available to a person connected with Russia. The case involves a 2021 work-on-paper by George Condo titled *Escape from Humanity*, sold by the gallery between April and December 2022, after the UK banned luxury goods exports to Russia-linked individuals in April 2022. The gallery, along with shipping company Artay Rauchwerger Solomons, faces charges under the sanctions law, which was enacted following Russia's invasion of Ukraine. Hauser & Wirth has stated it strongly contests the charge and intends to plead not guilty.

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Metallica guitarist Kirk Hammett is auctioning Frank Frazetta's painting *Conan the Berserker* (1967), which he purchased directly from the artist for $1 million in 2009. The work, originally used as cover art for a paperback edition of Robert E. Howard's novel *Conan the Conqueror*, will be offered in Heritage Auctions' “Hollywood/Entertainment Signature Auction” on December 9–10, with bidding starting at $10 million. The sale follows a record-breaking Frazetta auction in September, when his oil painting *Man Ape* (1966) sold for $13.5 million.

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Rosalía's fourth studio album, *LUX*, features a recording of Patti Smith from a 1976 interview on the closing track "La Yugular." The article describes Rosalía's admiration for Smith, recounting a meeting where Smith complimented her dress and discussed the song. Smith's influence is highlighted through her music, memoir *Just Kids*, and her artistic practice in photography and mixed media, including her first solo exhibition at the Wadsworth Atheneum Museum of Art in 2011. Smith also recently released a new memoir, *Bread of Angels*.

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Sotheby’s Paris raised €18.6 million ($21.5 million) from two live sales of the Manny Davidson collection this week, with a third online sale still ongoing. The collection, spanning nearly 500 lots, included rediscovered Old Masters, 18th-century gold enamel, and an automaton clock by James Cox. Highlights included Michael Sweerts’s *A young man wearing a turban holding an upturned roemer: the fingernail test* (1648–52), which sold for €1.6 million, and Joshua Reynolds’s *Self-Portrait, in doctoral robes* (ca. 1770), which fetched €838,200. The evening sale achieved 83% sell-through by lot, with most buyers from Europe and a third from the US.

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Offscreen, the nomadic Parisian art salon founded by former Paris Photo director Julien Frydman, returns for its fourth edition from October 21 to 26, 2025, held concurrently with Art Basel Paris. This year, the event takes over La Chapelle Saint-Louis de la Salpêtrière, a historic church on the grounds of a former hospital that once detained and studied women labeled as “degenerate” or “insane.” The venue previously hosted exhibitions by Anselm Kiefer, Nan Goldin, and Christian Boltanski. Offscreen features 28 artists from 27 galleries, including a guest of honor tribute to late video-sculpture pioneer Shigeko Kubota, a durational performance by Maria Stamenković Herranz, and new talks and museum acquisitions from the Centre Pompidou and ZKM.