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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.

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.

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 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.

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.

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.

Kicking off New York November sales, Christie's nets healthy $690m from double-header 20th-century auction

Christie's kicked off New York's November auction season with a double-header 20th-century evening sale on November 17, generating $574.7 million before fees and $690 million with fees. The sale featured 80 lots, including 18 from the collection of supermarket magnate Robert Weis and his wife Patricia Ross Weis, with highlights such as Pablo Picasso's *La Lecture (Marie-Thérèse)* selling for $45.4 million and Mark Rothko's *No. 31 (Yellow Stripe)* achieving $62.1 million. Two artist records were set, including for Leonor Fini, and the sale achieved a 94% sell-through rate, with 59 lots backed by third-party or house guarantees.

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.

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.

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.

This month’s New York auctions could bring up to $2.3bn

New York's leading auction houses, including Sotheby's and Christie's, expect to generate between $1.7bn and $2.3bn during their November sales, driven by major consignments such as 55 works from the estate of Leonard Lauder and 37 works from the collection of Jay and Cindy Pritzker. Sotheby's, which has moved its headquarters into the former Whitney Museum's Breuer Building, leads the season with estimated sales of $863m to $1.175bn, featuring Gustav Klimt's Portrait of Elisabeth Lederer (estimated at $150m) and Frida Kahlo's El Sueño (La Cama) (estimated at $40m-$60m).

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.

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.

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.

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.

A Bike Path Now Runs Through the Portland Art Museum

The Portland Art Museum (PAM) is opening a new 24,000-square-foot glass structure called the Mark Rothko Pavilion on November 20, 2025. The $111 million expansion, funded almost entirely by private donations, connects the museum's two existing buildings—the original travertine building designed by Pietro Belluschi and a former Masonic temple—above ground for the first time. The pavilion is named after the artist Mark Rothko, who had his first museum exhibition at PAM in 1932 under his birth name Marcus Rothkowitz. The project was designed by Chicago firm Vinci Hamp Architects and Portland's Hennebery Eddy.

A Jean-Michel Basquiat Rarity And Banksy's Spray-Painted Flag Head To Frieze London 2025

Frieze London 2025 returns for its 23rd edition from October 15-19 in Regent's Park, featuring over 280 international galleries. Major auction houses are staging blockbuster sales during the week, including Sotheby's evening and day sales in partnership with Celine, Christie's 20th/21st Century Evening Sale and a trilogy of drawings from the Klaus Hegeswich collection, and Phillips' Modern & Contemporary sales. Highlights include a Jean-Michel Basquiat rarity, Banksy's spray-painted flag, a Francis Bacon portrait, a Picasso etching, and a Lucian Freud self-portrait estimated at up to $16 million.

Artists Zadie Xa and Dominic Chambers contribute works to Art of Wishes auction raising funds for critically ill children

The Art of Wishes charity auction, founded in 2017 by Batia Ofer, is holding its fifth gala in October 2025 at the Chancery Rosewood in London. Artists Zadie Xa and Dominic Chambers have contributed works: Xa's 'Worlding (2025)' (estimate £30,000-£50,000) and Chambers' 'In Safe Keeping (2025)' (estimate £50,000-£70,000). Other consignments include pieces by Ron Arad and Deborah Azzopardi. The 22 works will be viewable at Phillips auction house in London from 9-12 October and online. The auction has raised over £13 million for Make-A-Wish UK since 2017, granting over 5,000 wishes to critically ill children.

Christie's presents its 20/21 Marquee Week - Christie's

Christie's will host its 20/21 Marquee Week in London from October 8, 2025, featuring six live and online sales of Impressionist, Modern, Post-War, and Contemporary art during Frieze Week. Highlights include works by Lucian Freud, Peter Doig, Paula Rego, Yoshitomo Nara, Claude Monet, Paul Cezanne, Louise Bourgeois, Chris Ofili, Paul Signac, Gerhard Richter, and Pablo Picasso, along with the Ole Faarup Collection. The event also includes a philanthropic initiative called Architects for the Birds, with birdhouses designed by architects including Norman Foster, Renzo Piano, and David Chipperfield, benefiting the Tessa Jowell Foundation; an exhibition of wearable sculptures and an installation by artist Natasha Wightman; and a continued partnership with the 1-54 Contemporary African Art Fair.

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.

Agnes Gund, collector and philanthropist who helped transform MoMA, has died, aged 87

Agnes Gund, the influential American arts philanthropist and collector, has died at age 87. Gund was a transformative figure at the Museum of Modern Art (MoMA) in New York, serving on its board from 1976, as president from 1991 to 2002, and later as president emerita. She helped raise funds for MoMA's $858m expansion, donated around 100 works to the museum, and pushed for acquisitions of women and artists of color. Beyond MoMA, she founded Studio in a School in 1977 to bring art education to New York City public schools and co-chaired a Sotheby's auction to support Miss Porter's School. Her death was first reported by The New York Times; she is survived by four children.

Curator’s Corner: What Goes into Making an Exhibition?

Janet McLean, curator of Modern Art at the National Gallery of Ireland, discusses the process of curating the upcoming exhibition "Picasso: From the Studio," the first major Picasso show in Ireland since a student-led exhibition in 1969. That earlier exhibition, held by Trinity students in a library storage room, attracted 42,000 visitors and featured 97 works by Picasso. McLean explains that curation is about creating connections and a "conversation" between pieces, balancing narrative with practical constraints like light levels, copyright, and lender approvals. The new exhibition, with a sole lender—the Musée National Picasso-Paris—traces Picasso's life in France from 1913 to 1973, showcasing his evolution as an artist.

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.

17 NYC art exhibitions we’re most excited about in fall 2025

The article highlights 17 New York City art exhibitions opening in fall 2025, with six previewed in detail. Major events include the long-awaited reopening of the Studio Museum in Harlem on November 15 with a new seven-floor building and shows featuring Tom Lloyd and works from its collection; the New Museum's reopening after renovation with the inaugural exhibition "New Humans: Memories of the Future"; and the Whitney Museum's "Sixties Surreal" exhibition surveying American art from 1958 to 1972. Other notable shows include a Robert Rauschenberg centennial exhibition at the Guggenheim Museum, Ai Weiwei's public installation "Camouflage" on Roosevelt Island, and a fashion-focused exhibition at the Hispanic Society Museum & Library.

Christie's to offer the Collection of visionary Danish collector Ole Faarup as a key highlight of its October 20/21 Marquee Week - Christie's

Christie's will auction the collection of Danish collector Ole Faarup during its October 2025 Marquee Week, featuring around 140 lots with an overall estimate of £16–22 million. Highlights include major works by Peter Doig, Chris Ofili, and Jean-Michel Basquiat, alongside Danish and international artists. Proceeds from the sale will benefit The Ole Faarup Art Foundation, which supports emerging artists and cultural institutions.

Allen Rosenbaum, former director of Princeton University Art Museum with a keen curatorial eye and astute administrative foresight, dies at 88

Allen Rosenbaum, the former director of the Princeton University Art Museum who led the institution from 1980 to 1999, died on August 3, 2025, at Calvary Hospital in New York City at age 88. Rosenbaum joined Princeton in 1974 as assistant director under Peter Bunnell, and during his 25-year tenure as director, he significantly expanded the museum's collections, adding major works such as Giulio Cesare Procaccini's "The Martyrdom of Saint Justina," Pinturicchio's "Saint Bartholomew," and Pietro da Cortona's "Saint Martina Refuses to Adore the Idols." He also oversaw the 1989 opening of the Mitchell Wolfson Jr. Wing, which added 27,000 square feet of exhibition space.

Inside Pauline Karpidas’s Legendary Surrealist Collection Bound for Auction

The legendary Surrealist collection of the late Pauline Karpidas, a renowned art patron and collector, will be auctioned at Sotheby's London in September 2025. The sale spans approximately 250 lots from her eccentric London home, featuring masterworks by René Magritte, Leonora Carrington, Salvador Dalí, Max Ernst, and Les Lalannes. The collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's Europe. Highlights include Magritte's 'La Statue volante' (1940–41), estimated at £9–12 million, and works acquired directly from the estates of Surrealist figures like André Breton and Paul Éluard.

What Role Do Galleries Play in the Art World?

Maxwell Rabb's article explains the fundamental role of commercial art galleries in the art world, tracing their evolution from 19th-century Parisian storefronts like Goupil & Cie to contemporary spaces. It highlights how galleries function as private businesses that showcase and sell artworks, support artists, organize exhibitions, and connect with collectors, curators, and institutions. The piece also addresses the perception of galleries as exclusive spaces while noting they are often free and open to the public, serving as a bridge between the art world and curious visitors.