Francis Ford Coppola sold a collection of seven personal watches at Phillips New York in early December 2025, raising millions to offset financial losses from his film Megalopolis (2024). The sale was led by a unique watch he co-designed with F.P. Journe, known as the FFC, which sold for $10.8 million—ten times its estimate and a world record for the brand. Other timepieces, including a Patek Philippe and a Breguet, also far exceeded their high estimates.
Artnet News analyzed the 10 most expensive lots sold at auction in 2024, drawing on the Artnet Price Database. The top lot was René Magritte's *L'Empire de Lumières* (1954), which sold for $121.2 million at Christie's New York in November, setting a new auction record for the artist and becoming the only work to break nine figures this year. Other notable sales included Ed Ruscha's *Standard Station, Ten-Cent Western Being Torn in Half* (1964) at $68.3 million, Claude Monet's *Nymphéas* (1914–17) at $65.5 million, and Jean-Michel Basquiat's *Untitled (ELMAR)* (1982) at $46.4 million. Seven of the top 10 lots sold in New York, with Hong Kong, London, and Vienna also represented.
Diana Ross performed an intimate 20-minute set at a dinner celebrating Alex Prager's immersive installation 'Mirage Factory' during Art Basel Miami Beach. The event, held in a green room evoking Griffith Park, featured Ross singing hits from her Supremes days and solo career. Prager's installation, located in the old Beach Theatre on Lincoln Road, includes a 1:12 scale miniature of Hollywood Boulevard and was created with Capital One and the Cultivist. A performance based on Prager's photograph 'Beverly Palms Hotel' (2025) also took place, with actors embodying characters from the image.
A 16th-century portrait of Thomas Howard, the 4th Duke of Norfolk, by Hans Eworth sold for £3.2 million ($4.2 million) at Sotheby’s Old Masters sale in London on December 4, setting a record as the most expensive Elizabethan portrait ever sold. The painting was purchased by the art advisory Clore Wyndham on behalf of the Duke of Norfolk and the trustees of Arundel Castle, where it will be displayed. The work, painted in 1562, depicts Norfolk at the height of his political power, dressed in opulent Tudor fashion, and is one of only two known portraits of him.
At Art Basel Miami Beach, digital artist Beeple (Mike Winkelmann) debuted a new installation titled "Regular Animals" in the fair's Zero10 digital art section. The work features a pen of robot dogs fitted with lifelike heads of Elon Musk, Mark Zuckerberg, Pablo Picasso, Andy Warhol, Jeff Bezos, and Beeple himself. The robots wander, twitch, and periodically tip backward to eject printed images from their backsides, satirizing the algorithmic nature of digital platforms. The installation drew large crowds, with visitors like Courtney Karnez describing it as a "guilty pleasure" and a communal spectacle. By the end of the first VIP day, all editions of the robots had sold for $100,000 each.
British Ghanaian artist Larry Achiampong responded to controversy after two of his pan-African flags from the "Relic Traveller: Phase 1" series replaced a portrait of Queen Elizabeth II in the UK Foreign Office. The flags, titled "Pan African Flag For The Relic Travellers’ Alliance (Motion)" and "Pan African Flag For The Relic Travellers’ Alliance (Community)", were hung by Deputy Prime Minister David Lammy. Conservative MP Lee Anderson criticized the move, while Achiampong dismissed the outrage as "deeply problematic" in an interview with the Guardian.
Barbra Streisand posted on Instagram expressing regret over selling Gustav Klimt's "Ria Munk on her Deathbed" (1912), which she owned for 30 years. The post came three days after another Klimt portrait set a record at auction. Streisand bought the painting in 1969 for $17,000 and sold it in 1999, explaining she had shifted her interest to Frank Lloyd Wright and the Arts & Crafts movement.
A long-lost painting by Peter Paul Rubens, unseen for four centuries, was sold at auction in Versailles for €2.94 million ($3.4 million), nearly double its high estimate. Created in 1613, the work depicts Jesus Christ on the cross and was discovered in a private Paris townhouse by auctioneer Jean-Pierre Osenat. The painting was authenticated by German art historian Nils Büttner through X-ray imaging and pigment analysis, and its provenance traces back to the 19th-century French painter William-Adolphe Bouguereau.
Claude Monet’s iconic water lily pond paintings are the subject of a new article exploring the artist’s deep passion for gardening. The piece details how Monet, after moving to Giverny in 1883, spent decades transforming his property into a lush, Japanese-inspired garden, complete with a pond, wisteria bridge, and exotic plants. He hired up to eight gardeners, studied botanical journals, and even faced protests from local farmers when he diverted a river to create the pond. The garden became his sole artistic focus for the last 20 years of his life, producing around 250 paintings of the water lilies.
Collector Charles Cahn has filed a lawsuit against Sotheby’s in New York Supreme Court, alleging the auction house reneged on a buy-back agreement made in 2016 regarding a Modigliani portrait he purchased in 2003. Cahn paid $1.55 million for *Portrait de Leopold Zborowski* at a Sotheby’s Impressionist and modern sale, and later agreed to consign the work back to Sotheby’s if he sold it within 15 years, with the house guaranteeing the greater of the original price plus 2.5% annual compound interest or the future sale price, and waiving vendor fees. However, Cahn claims that in April 2016, Sotheby’s own appraisal questioned the painting’s authenticity, stating it failed certain criteria and would have no sale value in the international art market. Despite Cahn’s letters in June and September 2024, Sotheby’s has not responded, leading to the breach-of-contract claim seeking at least $2.7 million in damages.
A 1987 Bob Ross painting, *Cabin at Sunset*, sold for $1.04 million in a benefit auction hosted by late-night comedian John Oliver, setting a new auction record for the artist. The work was painted during the second episode of the 10th season of Ross's television series *The Joy of Painting*. The online sale, which concluded November 24, included 65 eclectic lots—from presidential wax figures to a signed bucket of dolls—and raised funds for the Public Media Bridge Fund, which supports independent broadcasters amid federal cuts to public broadcasting.
Frida Kahlo's 1940 painting *El Sueño (La Cama)* sold for $54.7 million at Sotheby's New York, setting a new auction record for the most expensive work by a woman artist, surpassing Georgia O'Keeffe's *Jimson Weed, White Flower No. 1* ($44.4 million in 2014). The sale sparked widespread commentary, with many framing it as a milestone for gender equity in the art market, while others noted the persistent gap between this price and those achieved by male artists like Leonardo da Vinci ($450.3 million) and Gustav Klimt ($236.4 million).
Parisian auction house Gros and Delettrez is offering a 66 million-year-old Triceratops prorsus skull on December 11, with an estimate of €300,000–€500,000 ($345,615–$576,025). The specimen, which surfaced from Wyoming's Lance Formation, is exceptionally complete with over 70 percent of its original bones and all three original horns intact. This marks the auction house's first dinosaur offering and will christen its new Rive Gauche headquarters, with the skull going on view on December 9 alongside works by Pablo Picasso and Pierre Soulages.
Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.
On Thursday night, Sotheby’s concluded a week of evening sales with a three-part modern art auction that achieved $304.6 million, far exceeding its pre-sale estimate of $211.3–$289.3 million. The evening featured 13 works from the collection of Cindy and Jay Pritzker, which sold for $109.5 million, followed by the 'Exquisite Corpus' Surrealist sale from Selma Ertegun’s collection totaling $98 million, and a multiple-owner modern art auction that brought in $97 million. The standout was Frida Kahlo’s self-portrait *El sueño (La cama)* (1940), which sold for $55 million, setting records for Kahlo, a Latin American artist, and a female artist at auction. Vincent van Gogh’s *Piles de romans parisiens et roses dans une verre (Romans parisiens)* (1887) achieved $62.7 million after a seven-minute bidding war.
The Hudson's Bay Company, a historic Canadian department store chain that declared bankruptcy in March, began selling off its art collection. On November 19, 27 paintings from the retailer's trove were auctioned by Canadian auction house Heffel, all selling well above estimate. The top lot was an impressionistic painting of a Marrakech street by Winston Churchill, which sold for $1.5 million, more than tripling its low estimate. Other notable sales included Frederic Marlett Bell-Smith's 'Lights of a City Street' at $691,250 and works by William von Moll Berczy and Charles Pachter.
Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.
Alexander Calder's painted wood mobile "Painted Wood" (ca. 1943) sold for $20.4 million at Christie's 20th-century evening sale in New York, exceeding its $15–$20 million estimate. The work, from the collection of Patricia Phelps de Cisneros, was acquired over 30 years ago and made its auction debut. Bidding was competitive among Christie's staffers Alex Rotter, Max Carter, and Patrick Saich, with Saich winning the lot for a client after a brief technical hiccup. The result is the second-highest price ever for a Calder at auction, behind "Poisson volant (Flying Fish)" (1957) which sold for $25.9 million in 2014.
Gustav Klimt's landscape painting *Waldabhang in Unterach am Attersee* (1916) sold for $70.8 million at Sotheby's on Tuesday night, hammering at $61 million. The work was the third Klimt painting sold by Sotheby's from the collection of the late mega-collector Leonard A. Lauder, and was the first Klimt landscape Lauder ever purchased. The sale comes after Lauder's other Klimt landscapes achieved record prices, including *Blumenwiese* ($86 million) and his portrait of Elisabeth Lederer ($236.4 million).
Gustav Klimt's 1908 landscape painting *Blumenwiese* (Blooming Meadow) sold for $86 million at Sotheby's, slightly above its $80 million-plus estimate. The work was part of the Leonard A. Lauder Collection, a major consignment also featuring pieces by Matisse, Munch, and Martin. Lauder had acquired the painting in 1985, drawn to Viennese modernism and Klimt's Attersee period. The sale marks the second-highest price ever for a Klimt landscape, trailing the $104.5 million record set by *Birch Forest* in 2022.
Artnet News published a list of must-read books on Surrealism, marking the movement's 100th anniversary since André Breton's 1924 Surrealist Manifesto. The article highlights key texts including Breton's own "Manifestoes of Surrealism" and his novel "Nadja," Patrick Lepetit's "The Esoteric Secrets of Surrealism" exploring occult influences, and Whitney Chadwick's "Farewell to the Muse" focusing on women Surrealists who were often marginalized as muses rather than artists.
Scope Art Show Miami has announced its 2025 edition, themed "Be Here Now," which will take place December 2–7. The fair will feature 95 galleries from 18 countries and territories, including over 30 first-time exhibitors, along with large-scale installations, performances, and collaborative activations. Highlights include a reprisal of The Better Together Bar by Chris Allen Darsow and Al Hamm, a monumental installation by Victor Quiñonez (Marka27) titled "Elevar La Cultura" (2025), Shepard Fairey's "Phone Booth" presented by Mortal Machine Gallery, and Dan Witz's hyperrealist painting "Crown Heights" (2025).
Newly released emails from Jeffrey Epstein, published by House Republicans, show the disgraced financier discussing Leonardo da Vinci's *Salvator Mundi* with journalist Michael Wolff. In a May 2019 exchange, Epstein referenced the $450.3 million painting—the most expensive artwork ever sold at auction—and suggested its sale was linked to a real estate deal involving a Russian billionaire and Saudi Crown Prince Mohammed bin Salman. Epstein also mentioned that his "art guy" thought the painting wasn't very good.
Private Client Select (PCS), an insurance partner for serious art collectors, highlights the growing complexity of protecting fine art and collectibles. The article details unusual but real claims—such as a conceptual artwork mistaken for trash, a fiber work unraveled by a cat, or a sculpture damaged by a housekeeper—alongside more common risks like climate damage, transit mishaps, and theft. PCS's Art Services team, led by Senior Vice President Muys Snijders, offers proactive risk management, coordinating conservators, appraisers, and storage solutions. Emerging threats include climate change (wildfires, floods), social media exposure, financial complexities (tariffs, collateral lending), and material degradation of contemporary works using nontraditional materials.
A Salvador Dalí-designed necklace, the Swirling Sea Necklace, sold for €736,600 ($858,500) at Sotheby's 'Surrealism and Its Legacy' auction on October 24, doubling its pre-sale estimate. The 18-karat gold piece, inlaid with diamonds, a cultured pearl, and sapphire and emerald beads, was conceived by Dalí in 1954 and first owned by São Schlumberger, a frequent patron of the artist. The necklace had previously sold at Sotheby's in 2014 for $665,000 to Anne Schlumberger, who died in April, prompting its return to auction.
A Canaletto painting titled *Venice, the Bucintoro at the Molo on Ascension Day* (ca. 1754) will lead Christie’s Old Masters sale in New York this February 2026, with an estimate of over $30 million. The monumental canvas, commissioned by the King family (later Earls of Lovelace), is the last known version of this subject by the artist. It last sold at Christie’s 20 years ago during the Champalimaud Collection sale, setting a record. The work will tour exhibitions in New York, Hong Kong, and London before returning to New York for a pre-sale exhibition.
A previously little-known Pablo Picasso portrait of Dora Maar, titled *Bust of a Woman with a Flowered Hat (Dora Maar)* (1943), sold for $37 million at Lucien Paris auction house on October 24, 2025—nearly four times its $9.5 million estimate. The painting had been owned by the same family since 1944 and was shown publicly for the first time in 80 years at Hôtel Drouot before the sale. Auctioneer Christophe Lucien called it the highest auction price for any artwork in France this year.
Sotheby's Paris achieved record-breaking totals for surrealist and modern art auctions during Art Basel Paris week, with combined sales of €89.7 million ($104 million) across its Surrealism and Its Legacy and Modernités sales—a 50 percent increase over the same event last year. The top lot was Amedeo Modigliani's *Elvire en buste* (1918-1919), which sold for €27 million ($31.3 million), the highest auction price for a painting by the Italian artist in France and the most valuable work ever sold by Sotheby's Paris. Other highlights included Modigliani's *Raymond* (1915) at €10.6 million, René Magritte's *La Magie Noire* (1934) at €10.7 million, and a complete set of Pablo Picasso's *Séries 347* etchings, which set a French auction record for any print by the artist.
Christie’s Modern British and Irish Art evening sale in London on Wednesday achieved £17.3 million ($23 million), a 20 percent increase over the equivalent sale in 2024. The top lot was Barbara Hepworth’s *The Family of Man (Figure 9, The Bride)* (1970), which sold for £3.9 million ($5.2 million). The sale had a 90 percent sell-through rate by value and 81 percent by lot, with 39 percent of works exceeding their high estimates, though the total fell short of the £22.6 million high estimate. Other notable results included Hepworth’s *Vertical Wood Form* (1968) at £1.4 million, Stanley Spencer’s *The Meeting* (1933) at the same price, and Bridget Riley’s *Dendera* (1983-2002) at £1.2 million.
"Fata Morgana," an exhibition organized by the Fondazione Nicola Trussardi at Palazzo Morando in Milan, presents works by 78 artists past and present who embody Marcel Duchamp's idea of the artist as a "mediumistic being." The show includes nuns, mediums, psychiatric patients, and contemporary stars like Marianna Simnett and Rosemarie Trockel, alongside avant-garde icons such as Man Ray and Duchamp himself. Curated by Massimiliano Gioni, Daniel Birnbaum, and Martha Papini, the exhibition explores creativity as compulsion, featuring drawings by James Tilly Matthews, séance photographs by Stanisława Popielska, and works by Madge Gill and Emma Jung, among others.