Christie's auction house is launching a major sale titled 'Sublime Shadows' in London on June 11, featuring 93 works of South Asian Modern and contemporary art from an anonymous private collection. This marks the auction house's first dedicated South Asian Modern art sale in London since 2019, highlighting a surge in market activity and curatorial interest for the category.
Recent financial filings from UK-based art businesses reveal a stark downturn in the art market, highlighted by the sudden liquidation of Stephen Friedman Gallery. The gallery's collapse followed expensive expansion projects in London and New York, compounded by a £1.7m loss in 2023 and a significant debt of £11.4m to creditors. Other major players, including Thaddaeus Ropac, reported substantial revenue drops, with Ropac’s turnover falling from £49.6m to £36.4m as the industry grapples with rising overheads and economic volatility.
Two record-breaking auctions closed a blockbuster year for the South Asian Modern art market. On 27 September, Saffronart in New Delhi sold 85 lots for $40.2 million—the largest single sale ever in South Asia—while on 29 September, Sotheby’s in New York sold 54 lots for $25.5 million, a record total for South Asian art in the West. These followed Christie’s March sale of M.F. Husain’s mural *Gram Yatra* (1954) for $13.7 million, the highest price ever for an Indian painting. India also enacted a major tax reform, cutting the Goods and Service Tax (GST) on art from 12% to 5%, further stimulating the market.
Artnet News examines the recurring trope of art dealers as villains in popular cinema, highlighting seven films that feature duplicitous gallerists, auction house specialists, and art advisors. Examples include Rhodora Haze in *Velvet Buzzsaw* (2019), a ruthless gallerist who profits from a dead artist's work against his dying wish, and Virgil Oldman in *The Best Offer* (2013), an auction house director entangled in forgery and deception. The article also references Victor Taft in *Legal Eagles* (1986), where a performance artist's father's suspicious death drives the plot.
The article lists the most expensive Mark Rothko paintings ever sold at auction, highlighting record-breaking sales such as *No. 6 (Violet, Green and Red)* (1951), which fetched $186 million in 2014, and *Orange, Red, Yellow* (1961), which sold for $86.9 million in 2012. Other notable works include *No. 1 (Royal Red and Blue)* (1954) at $75.1 million and *No. 10* (1958) at $81.9 million, demonstrating the enduring high demand for Rothko's abstract expressionist canvases in the secondary market.
Eight signature pumpkin works by Yayoi Kusama are set to headline the spring auction season in Hong Kong, coinciding with Art Basel week. Major auction houses including Sotheby’s, Christie’s, and Bonhams are offering a diverse range of these iconic motifs, featuring everything from a massive two-meter-tall fiberglass sculpture to rare red and yellow canvases. Notable highlights include a unique 2015 sculpture at Sotheby’s with a high estimate of HK$60 million and a rare red pumpkin painting at Bonhams.
Christie’s has announced its first-ever auction dedicated to the intersection of anime, manga, and traditional Japanese art. Titled "Anime Starts Here: Japanese Subculture Imagines Tradition," the online sale will debut during Asia Week New York in March, featuring a curated selection that ranges from 19th-century Katsushika Hokusai woodblock prints to original production drawings from iconic series like Sailor Moon and Doraemon. Key highlights include a rare 1953 drawing by the "God of Manga" Tezuka Osamu and a print of Hokusai’s legendary "The Great Wave."
South Korea’s leading auction houses, K Auction and Seoul Auction, are headlining their February sales with monumental works by Lee Ufan. Two rare, large-scale 'Dialogue' canvases featuring the artist's signature minimalist dots are expected to fetch significant sums, with estimates reaching up to 2.4 billion won. The auctions also feature major works by other Korean masters, including an early 1955 painting by Kim Tschang-yeul and a blue monochrome piece by the late Chung Sang-Hwa.
Christie's is promoting its upcoming Contemporary New York auction series, highlighting key lots from the sale. Specialists from the auction house provide commentary on featured works by artists including Josef Albers, Julie Mehretu, William Edmondson, Maria Pergay, Jeff Koons, and Cy Twombly, detailing their artistic significance and notable provenance.
Sotheby's is auctioning ten works of art donated by Royal Academicians and honorary RAs, with an estimated total value of up to £2.6 million, to provide financial support for the Royal Academy in London. The lots, including pieces by El Anatsui and Sean Scully, will be featured in the auction house's flagship March contemporary sales.
Sotheby's is holding a major auction in Singapore on January 25, featuring works by Indonesian Romantic painter Raden Saleh, German painter Walter Spies, and British artist David Hockney, among others. The auction includes Raden Saleh's 'The Eruption Of Mount Merapi, By Day' (1865), expected to fetch between $700,000 and $1.3 million, and Walter Spies' 'Die Schlittschuhlaufer (The Ice Skaters)' (1922), estimated at $980,000 to $1.8 million. Concurrently, the Singapore Art Museum (SAM) is presenting 'Nafasan Bumi – An Endless Harvest' from January 16 to May 31, featuring Indonesian artists Elia Nurvista and Bagus Pandega, whose works use nickel and palm materials to explore the environmental and social impacts of Indonesia's palm oil and nickel industries.
The article, published by TheValue.com in partnership with AIG, provides expert analysis and insights from New York’s November auction week. It covers key sales, market trends, and notable results from major auction houses including Christie's, Sotheby's, and Phillips, with commentary from specialists and market observers.
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.
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.
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 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.
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.
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.
Albright College, a liberal arts institution in Reading, Pennsylvania, is selling its entire art collection of mostly works on paper to address a $20 million budget shortfall. The online-only sale, held on July 16 at Pook & Pook auction house, includes 524 lots featuring works by artists such as Karel Appel, Romare Bearden, Jasper Johns, Jacob Lawrence, and Bridget Riley. College administrators, including vice-president James Gaddy, describe the collection as "not core to our mission" and estimate the consigned pieces are worth $200,000, while the cost of maintaining the gallery and collection exceeds $500,000 annually. The sale is part of broader cost-cutting measures that have already included laying off 53 employees and selling non-contiguous properties.
Phillips has appointed Robert Manley as chairman of modern and contemporary art and Miety Heiden as chairman of private sales, following the departure of Cheyenne Westphal and Jean-Paul Engelen. Manley, who joined Phillips in 2016, has secured major consignments including the collection of Francesco Pellizzi and the Pop Art trove of Miles and Shirley Fiterman, while Heiden has driven a 46 percent growth in annual private sales. The appointments come after Phillips' $51.9 million Modern and Contemporary Evening Sale, which reinforced the auction house's strength in the contemporary segment.
Christie's 21st century evening sale on Wednesday achieved $79 million ($96.5 million with fees), falling within revised estimates but below original projections and prior sale totals. The standout lot was Marlene Dumas's 1997 painting *Miss January*, which sold for $13.6 million with fees, setting a new auction record for any living female artist. The sale saw three of four records set for women artists, including Simone Leigh, Emma McIntyre, and Louis Fratino, though bidding was subdued overall with heavy reliance on third-party guarantees.
Pharrell Williams's auction platform Joopiter has partnered with Martha Stewart for its first contemporary art sale, titled 'The Contemporary Take,' running through May 6. The 48-lot sale features works by blue-chip artists including George Condo, Jeff Koons, and Ed Ruscha, alongside emerging names like Tschabalala Self and Toyin Ojih Odutola. Stewart personally selected six lots, highlighting pieces by Amy Sherald, Damien Hirst, Ai Weiwei, Louise Bourgeois, Roy Lichtenstein, and Alex Katz. Estimates range from $4,000 to $1.2 million, and early bidding has been active, with works by Amy Sherald and Roy Lichtenstein drawing significant attention.
A new auction record has been set, with a significant artwork selling for a high price at a major auction house. The sale took place recently, drawing attention from collectors and the art market.
Carly Murphy, Christie’s head of client strategy for the Americas, is leaving the auction house to join Art Basel as global head of collector and institutional relations, a newly created position. She will report to Vincenzo de Bellis, the fair’s chief artistic officer and global director of fairs, and begins later this month. The move comes as the art market faces slowing sales, with global art and antiques sales falling 12% in 2024 to $57.5 billion, according to the latest Art Basel and UBS Art Market Report.
Cowley Abbott’s Fall Live Auction of Important Canadian Art will take place on November 26 at Toronto’s Globe and Mail Centre, featuring a curated selection of historical and contemporary Canadian works. Highlights include Jean Paul Riopelle’s *Sans titre* (1950, est. CA$1.2–1.5M), Emily Carr’s *Pole of Harhu* (1912, est. CA$800,000–$1.2M), Lawren Harris’s *Rocky Mountains; Abstract Composition* (est. CA$400,000–$600,000), Jack Bush’s *Awning* (1974, est. $200,000–$300,000), and Jean Paul Lemieux’s *Jeune fille en jaune* (1964). Founded in 2013 as Canada’s first online art auction house, Cowley Abbott has evolved into a hybrid gallery and digital marketplace, with onsite viewing at its Dundas Street West gallery through the auction date.
A roundup of new art and cultural exhibitions opening in Paris and the Île-de-France region in May 2026 is announced. Highlights include the annual Rambolitrain toy train fair at Rambolitrain museum on May 1, free evening hours at the Bourse de Commerce on May 2, free entry to castles and museums in Yvelines and Seine-et-Marne on May 3, the Tour Auto classic car display under the Grand Palais glass roof on May 3-4, the Circle of Parisian Artists' 24th annual exhibition at Parc Floral from May 4-31, a new garden art exhibition "Jardin des Lumières" at the Grand Trianon in Versailles from May 5 to September 27, and a major Hilma af Klint exhibition at the Grand Palais.
The Indian art market is experiencing a significant boom, characterized by record-breaking auction prices for established masters like SH Raza and MF Husain, and growing international visibility for contemporary artists at biennales and fairs. A new generation of high-net-worth collectors is driving this growth, building collections with greater intent, knowledge, and personal connection rather than pure speculation.
Pilar Ordovas opens an exhibition at her Mayfair gallery titled *Dialogues: European, American, African and Oceanic Art from the 20th and 21st Centuries*, running from 9 October to 12 December. The show is a collaboration with Jean Fritts, former international chairman of African & Oceanic Art at Sotheby’s, and Pierre Mollfulleda, formerly head of Sotheby’s African & Oceanic Art department in Paris. It pairs Modern and contemporary Western works with African and Oceanic objects that inspired them, including pieces from the landmark 1984 MoMA exhibition "Primitivism" in 20th Century Art.
Two New Jersey residents, Erwin Bankowski and his daughter Karolina Bankowska, pleaded guilty to running a counterfeit art scheme that funneled over 200 fake works into the legitimate market between 2020 and 2025. The pair consigned forgeries attributed to artists including Andy Warhol, Pablo Picasso, Banksy, and Luiseño artist Fritz Scholder to galleries and auction houses across the United States, defrauding buyers of at least $2 million. They fabricated ownership histories, forged gallery stamps and certificates of authenticity using antique books and aged paper, and now face up to 20 years in prison plus restitution.
The heirs to the Bic pen fortune, Gonzalve, Charles, and Guillaume Bich, have filed a lawsuit alleging a 15th-century masterpiece by Fra Angelico was stolen from their family. They claim the painting, 'Saint Sixtus,' was taken by their father's chauffeur in 2006 and sold to art dealer Richard Feigen, who later sold it to Chilean collector Alvaro Saieh in 2018. The heirs are now suing Saieh to reclaim the artwork and seeking the return of sale proceeds from Feigen's estate.