Marquee May auctions in New York come at a volatile moment

New York's marquee spring auctions, beginning May 12, are facing significant headwinds from President Donald Trump's second-term policies, particularly the 'Liberation Day' tariffs and resulting stock-market volatility. Phillips deputy chairman Robert Manley confirms at least one eight-figure work was pulled from sale due to tariffs. The combined Modern and contemporary auctions at Christie's, Sotheby's, and Phillips carry an estimated $1.1bn to $1.5bn in art—the lowest total estimate for spring sales since 2010, roughly $250m lower than May 2024. No nine-figure-estimate lots have been consigned, and the number of catalogued lots is the lowest since 2007 (excluding pandemic and recession years). Single-owner collections dominate, with Christie's securing the $200m Leonard and Louise Riggio collection, including a Piet Mondrian estimated at $50m, and works from Anne and Sid Bass. Sotheby's offers collections from dealers Daniella Luxembourg and others.

Ten Highlights From New York’s Spring Marquee Auctions

New York's spring marquee auctions are set for May 2025, with Christie's, Sotheby's, and Phillips presenting strong lineups after a 25% drop in total public sales in 2024. Highlights include the $250 million Leonard and Louise Riggio collection at Christie's, featuring Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (est. $50 million), and Alberto Giacometti's *Grande tête mince* (est. over $70 million) at Sotheby's. Other top lots include Lucio Fontana's *The End of God*, Jean-Michel Basquiat's *Baby Boom*, a Rothko from the Bass mansion, Claude Monet's *Crepuscular Peupliers*, Olga de Amaral's evening sale debut, a trove of 40 Roy Lichtenstein works, and an Ed Ruscha piece. The sales test market resilience amid supply constraints and a cautious art market.

What to Look for at Frieze New York 2025

Frieze New York 2025, its 13th edition, opens May 7 at The Shed in Hudson Yards with over 65 international galleries. The fair features solo, group, and themed presentations, including the Focus section curated by Lumi Tan showcasing 12 emerging galleries. Highlights include the Artist Plate Project (a collaboration with Coalition for the Homeless featuring limited-edition plates by Cindy Sherman, Rashid Johnson, and Takashi Murakami), performances by Pilvi Takala, Asad Raza, and Carlos Reyes, and notable presentations by Christine Sun Kim at François Ghebaly and Jennie C. Jones at Alexander Gray Associates. Frieze’s director of Americas, Christine Messineo, shares her top picks.

Virginia Museum of Fine Arts Announces a Major Gift of Nearly 2000 Photographs

The Virginia Museum of Fine Arts (VMFA) has received a major donation of nearly 2,000 photographs from the Joy of Giving Something Inc. (JGS), a nonprofit dedicated to photographic arts. The gift, drawn from the collection of late financier Howard Stein, spans the 19th century to the present and includes works by over 450 artists, with highlights from Eugène Atget, Nadar, Alfred Stieglitz, Dora Maar, László Moholy-Nagy, Man Ray, Berenice Abbott, Walker Evans, Dorothea Lange, Mary Ellen Mark, and contemporary figures like Adam Fuss and Cindy Sherman. The donation also includes a grant for cataloging and housing, and comes as the VMFA plans five new photography galleries opening in 2027.

New Richard Avedon documentary chronicles how he shaped the evolution of photography

Imagine Documentaries, the nonfiction arm of Ron Howard and Brian Grazer's Imagine Entertainment, premiered a new documentary about photographer Richard Avedon at the Cannes Film Festival on May 17. The film, co-produced by the Richard Avedon Foundation, draws heavily from archival interviews conducted by Helen Whitney for the PBS series *American Masters*, supplemented by new interviews with Avedon's son John, muse Lauren Hutton, Isabella Rossellini, Twyla Tharp, and former *New Yorker* colleagues Tina Brown and John Lahr. The documentary explores Avedon's career, his technique of building rapport with subjects, and his iconic images such as *Dovima with Elephants*, which dealer Larry Gagosian notes sold for $2 million.

Sotheby’s Pulls In $303.9 M. in a Solid but Subdued Modern Evening Sale Led by $48 M. Matisse

Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.

Sotheby’s Hauls In $304 Million at Modern Art Auction, as Market Momentum Continues

Sotheby’s achieved $303.9 million in its modern art auction in New York, led by Henri Matisse’s *La Chaise Lorraine* (circa 1919) at $48.4 million and Pablo Picasso’s *Arlequin (Buste)* at $42.6 million. The sale included an auction record for a painted bottle, René Magritte’s *Femme-bouteille* (1955), which sold for $974,000. The auction featured conservatively priced material from smaller estates, with a 97.6% sell-through rate and a 63% increase over a similar sale last year.

$181.2 Million Pollock, $107.6 Brancusi Million Sell at Christie’s, as Records Fall

Christie's New York auctioned 16 works from the collection of late media magnate S.I. Newhouse for a total of $630.8 million, far exceeding the $450 million estimate. The top lot was Jackson Pollock's "Number 7A" (1948), which sold for $181.2 million, setting a new auction record for the Abstract Expressionist and making him the latest artist to join the $100 million club. Minutes earlier, Constantin Brancusi's bronze sculpture "Danaïde" (1913) achieved $107.6 million, also a record for the Romanian modernist and the second-highest price ever for a sculpture at auction.

Inside TEFAF New York’s Annual Wealth Pageant

The 12th annual TEFAF New York fair took place at the Park Avenue Armory from May 15 to 19, attracting wealthy collectors with a mix of blue-chip art, design objects, and jewelry. Highlights included Kathleen Ryan's bejeweled 'Bad Fruit' sculptures at Gagosian, Cai Guo-Qiang's gunpowder paintings at White Cube (which sold 11 of 12 works), Sheila Hicks's textiles at Demisch Danant, and a new David Hockney painting at Annely Juda Fine Art. The fair featured 88 galleries from 14 countries, with VIP previews drawing art advisors and high-net-worth clients.

Contemporary Icons and Modern Masters Headline This Major May Sale

Rago/Wright is hosting two major spring sales on May 14, 2026: 'Pure Edge: American Geometric Abstraction, Selected Works from the Museo de Arte Contemporáneo de Buenos Aires' and a Post War and Contemporary Art sale. The first features 19 works from the museum's premier collection of American geometric abstraction, while the second spans 20th- and 21st-century art. Highlighted lots include Sam Gilliam's 'Sun Woman' (1970, est. $300,000–$500,000), Annie Morris's 'Stack 7 (Ultramarine Blue)' (2015, est. $150,000–$200,000), Miyoko Ito's 'Adam and Eve' (1957, est. $200,000–$300,000), and Maria Martins's 'Impossible' (1946, est. $150,000–$200,000).

Market Outlook for New York’s May Sales

New York's May sales season is underway with over $1.8 billion worth of art heading to auction at major houses including Sotheby's, where a monumental Rothko consigned by Robert Mnuchin is expected to fetch $70–100 million. Frieze New York opens at the Shed with 68 galleries, half of them local. Other notable developments include a major Banksy work hitting the auction block with one of its highest estimates ever, and the estate of sculptor Robert Therrien leaving Gagosian after nearly 30 years to join David Zwirner.

Claude Monet’s Market Triumph: 12 Record‑Smashing Paintings That Define an Era

Claude Monet's market dominance is analyzed through twelve record-breaking paintings sold at auction over the past decade, led by *Meules (Haystacks)* (1890), which achieved $110.7 million at Sotheby's New York in 2019—a record for any Impressionist work. The article highlights key sales including *Le Bassin aux Nymphéas* (1919) at $80.45 million, *Nymphéas* (1906) at $54 million, and *Le Pont du chemin de fer à Argenteuil* (1873–74) at $41.4 million, tracing how Monet's serene yet radical landscapes have consistently commanded top prices across Christie's and Sotheby's.

This 17th-Century ‘Supercomputer’ Could Set a New Auction Record

A rare 17th-century Mughal astrolabe, crafted in Lahore in 1612 by brothers Qa'im Muhammad and Muhammad Muqim, is heading to Sotheby's London on April 29 with an estimate of £1.5 million to £2.5 million ($2 million to $3.4 million). Weighing nearly 20 pounds and measuring the diameter of a large cooking pot, it is one of only two known astrolabes by these makers—the other resides in the National Museum of Iraq. Commissioned by Aqa Afzal, a Safavid-born deputy governor of Lahore, the instrument lists 94 cities, 38 stars, zodiac signs, and includes quadrants for trigonometry and solar calculations, blending Islamic and Sanskritic astronomical traditions.

Which Auction House Led the Pack in 2025?

Christie's led the global fine-art auction market in 2025 with $3.5 billion in sales, a 10.1% increase from 2024. Its top lot was Mark Rothko's 'No. 31 (Yellow Stripe), 1958,' which sold for $62.1 million. Sotheby's followed closely with $3.3 billion in sales, a 31% annual increase, highlighted by the record-breaking $54.7 million sale of Frida Kahlo's 'El sueño (La cama).' Phillips placed a distant third with $390.9 million in sales, a 14.2% decline.

Giacometti Meets the Gods in the Met’s Temple of Dendur Show

The Metropolitan Museum of Art has announced a landmark exhibition titled "Giacometti in the Temple of Dendur," which will place the Swiss sculptor’s slender, modernist figures within the museum’s iconic 1st-century B.C.E. Egyptian temple. Opening in June, the show features fourteen loans from the Fondation Giacometti alongside works from the Met’s permanent collection, including the placement of "Walking Woman (I)" inside the temple’s offering hall to mimic ancient cult statuary.

Our Critics Disagree on MoMA PS1’s Greater New York, a Wide-Ranging Survey Defined by a Fascination with Fragility

MoMA PS1 has launched the sixth edition of Greater New York, its signature quinquennial survey featuring 53 artists living and working across the city's five boroughs. Marking the institution’s 50th anniversary, this iteration was organized entirely by the museum’s internal curatorial staff rather than outside contributors. The exhibition moves away from the introspective, surrealist themes of the pandemic-era 2021 edition, focusing instead on the social fabric of the city and the systemic challenges facing its residents.

What We Miss When We Talk About Giacometti

This article explores a critical reevaluation of Alberto Giacometti’s career, specifically focusing on the decade between 1935 and 1945. While Giacometti is globally recognized for his spindly, post-war 'Existentialist' figures, art historian Joanna Fiduccia’s new book, *Figures of Crisis*, argues that his mid-career departure from Surrealism to study human likeness was not a mere transition but a profound response to the political crises and nationalism of interwar France.

Met Museum to Stage Giacometti Show in Temple of Dendur This Summer

The Metropolitan Museum of Art has announced a rare exhibition of Alberto Giacometti’s sculptures to be staged within the iconic Temple of Dendur this summer. Titled “Giacometti in the Temple of Dendur,” the show will feature 17 works, including "Walking Woman (I)" and "Women of Venice," marking a significant departure for the ancient Egyptian site which seldom hosts temporary exhibitions.

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.

‘The original triple threat’: two exhibitions celebrate Marilyn Monroe as creative pioneer

The British Film Institute (BFI) and the National Portrait Gallery have announced two major exhibitions to celebrate the centenary of Marilyn Monroe’s birth. The BFI will host a two-month film season titled 'Marilyn Monroe: Self Made Star,' featuring a comprehensive look at her filmography and a theatrical re-release of her final film, *The Misfits*. Simultaneously, the National Portrait Gallery will present 'Marilyn Monroe: A Portrait,' an exhibition exploring her influence on visual culture through works by artists like Andy Warhol and Richard Avedon, including rare photographs taken just before her death.

8 Books We’re Looking Forward to in April

ARTnews previews eight notable art and culture books scheduled for release in April 2026. The list includes Ben Lerner's novel "Transcription," a dual biography of artists Peter Hujar and Paul Thek by Andrew Durbin, Luke Goebel's art-world satire "Kill Dick," and an academic study of Alberto Giacometti's 1930s work by Joanna Fiduccia. Also featured are a memoir by curator Hans Ulrich Obrist, a book on Dorothea Tanning, and Julia Langbein's unconventional book about Monica Lewinsky.

Art Market Minute: Art Basel Hong Kong 2026 Analysis

art market minute mar 30

Art Basel Hong Kong 2026 served as a critical barometer for a shifting global art market, characterized by a move away from impulsive buying toward a more deliberate and cautious collector base. Industry experts observed that the traditional first-day frenzy has been replaced by extended decision-making timelines, as buyers navigate a complex landscape of rising logistical costs and regional economic shifts.

2026 whitney biennial critics conversation

The 82nd edition of the Whitney Biennial has opened at the Whitney Museum of American Art, curated by Marcela Guerrero and Drew Sawyer. Featuring 56 artists from diverse global backgrounds, the exhibition explores themes of American empire, human-nonhuman relationships, and the impact of infrastructure. Early critical reactions highlight a pervasive sense of "horror" and bodily disturbance, with works utilizing AI, sculpture, and painting to address grief, war, and societal transformation.

carol bove guggenheim museum retrospective review

The Solomon R. Guggenheim Museum has launched a major retrospective of Carol Bove, filling the iconic Frank Lloyd Wright rotunda with approximately 100 works spanning her career. The exhibition showcases Bove’s evolution from her early assemblages of driftwood, peacock feathers, and vintage books to her more recent large-scale, brightly colored steel sculptures. A defining feature of the show is Bove’s inclusion of "para-artworks"—pieces by other artists such as Lionel Ziprin, Agnes Martin, and Arnaldo Pomodoro—integrated into her own installations to highlight the influences and histories that inform her practice.

Shoplifting, sex shows and sheepdog-breeding: great artists and the side-hustles they did to get by

The article explores the unconventional and often illicit side jobs that famous artists historically took to support their creative pursuits. It details examples like Jean Genet's specialized book theft, Jean-Luc Godard's pilfering of books and cash, Chantal Akerman's ticket-skimming at a porn theater, and Kathy Acker's simulated sex show performances, highlighting how financial necessity drove them to inventive, sometimes desperate, measures.

Lost Page of Archimedes Palimpsest Found

lost page of archimedes palimpsest found

Researchers from France’s National Centre for Scientific Research (CNRS) have identified a missing page from the Archimedes Palimpsest at the Musée des Beaux-Arts in Blois. The leaf, identified as page 123, contains geometric diagrams and passages from the mathematician’s treatise on the sphere and the cylinder, which were scrubbed and overwritten by monks with religious texts in the 13th century. The discovery was confirmed by comparing the leaf to 1906 photographs taken by scholar Johan Ludvig Heiberg before the manuscript was broken up and partially forged by an art dealer in the 1930s.

whitney biennial 2026 pictures

The 2026 Whitney Biennial has opened to an early critical consensus of being "above average," though critics suggest the exhibition requires significant time to process. Curated by Marcela Guerrero and Drew Sawyer, the show emphasizes a subtle atmospheric mood rather than overt spectacle, featuring a diverse array of installations, sculptures, and multimedia works that span multiple floors of the museum and its exterior.

jonas wood tennis court paintings gagosian

Jonas Wood has unveiled a new series of paintings at Gagosian in Beverly Hills that transforms global tennis courts into geometric abstractions. Derived from years of photographing tournament broadcasts and Nintendo games, the works strip away players and equipment to focus on the flat bands of color, white lines, and nets that define the sport's architecture. The collection represents a systematic exploration of the ATP and WTA tours, utilizing the tennis court as a formal vehicle for color theory and composition.

Taína Cruz Interview

taina cruz interview

Taína H. Cruz has emerged as a central figure in the 2024 New York art season, achieving the rare feat of being featured simultaneously in the Whitney Biennial and MoMA PS1’s "Greater New York." A 2023 Yale MFA graduate, Cruz has become the literal face of the Whitney Biennial, with her painting "I Saw the Future and It Smiled Back" displayed on a massive billboard outside the museum. Her work, which often explores Black female identity through a lens of folklore, horror, and celebrity culture, is characterized by a moody and unsettling atmospheric quality.

2026 Whitney Biennial Lineup Announced

2026 whitney biennial line up

The Whitney Museum of American Art has announced the artist lineup for the 82nd edition of its prestigious biennial, scheduled to open on March 8, 2026. Curated by Marcela Guerrero and Drew Sawyer, the exhibition will feature 56 artists, duos, and collectives selected after more than 300 studio visits. The upcoming edition is currently untitled and focuses on the theme of "relationships," exploring everything from family ties and technology to geopolitical entanglements and interspecies connections.