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school of visual arts transfers ownership alumni society

The School of Visual Arts (SVA) in New York has transferred ownership from the Rhodes family, which owned it for nearly 80 years, to the SVA Alumni Society, a nonprofit that has funded student scholarships since 1972. The transfer took effect on September 1, with longtime president David Rhodes stating that day-to-day operations would not change. The move comes amid financial difficulties, a recent faculty unionization effort by SVA Faculty United (affiliated with United Auto Workers), and reported layoffs of around 30 workers.

basquiat picasso works linked to global 1mdb scandal net 36 m in auction by us marshals

Four artworks by Jean-Michel Basquiat, Pablo Picasso, and Diane Arbus, seized by the U.S. Department of Justice in connection with the 1Malaysia Development Berhad (1MDB) scandal, sold for a combined $36 million in an online auction conducted by the U.S. Marshals Service. The lots included Basquiat's *Self Portrait* (1982) for $8.3 million and *Red Man One* (1982) for $22 million, Picasso's *Tête de taureau et broc* (1939) for $5 million, and Arbus's *Child with a Toy Hand Grenade* for $500,150. The auction, held by Gaston and Sheehan in Texas, ran from July 16 to September 4.

christies robert patricia weis collection sale

Christie’s has secured the collection of Robert F. Weis and Patricia G. Ross Weis for its November sales in New York, with 80 lots valued at over $180 million. The collection spans Cubism to Abstract Expressionism and includes major works by Picasso, Matisse, Mondrian, and Rothko, with top estimates reaching $50 million. The Weis family, founders of Weis Markets, assembled the collection over more than seventy years, and 18 lots will be sold in a single-owner sale ahead of Christie’s 20th-century evening sale.

barbara hepworth sculpture uk national collection

The Hepworth Wakefield and Art Fund have successfully raised £3.8 million to acquire Barbara Hepworth’s sculpture *Sculpture with Colour (Oval Form) Pale Blue and Red* (1943). The wood and string artwork, previously in private hands and rarely seen publicly, was sold at Christie’s in London last March for £3.5 million. A temporary export bar imposed by the UK government gave the museum time to raise funds, with the deadline set for August 27. The funding came from over 2,800 donations and major grants, including £1.89 million from the National Lottery Heritage Fund and £750,000 from the Art Fund, along with private support.

ai weiwei ukraine front line kyiv installation

Ai Weiwei has traveled to Ukraine's eastern front, visiting Kharkiv under Russian bombardment and meeting soldiers, poets, and cultural figures resisting the invasion. He documented the trip on Instagram with stark images and was photographed in black fatigues marked "Khartiia," a volunteer unit now part of Ukraine's National Guard. His next project is a major installation in Kyiv titled "Three Perfectly Proportioned Spheres and Camouflage Uniforms Painted White," opening September 14 at Pavilion 13, a renovated Soviet-era hall, commissioned by Ribbon International.

alexandria biennale returns 2026

The Alexandria Biennale will return in September 2026 after a 12-year hiatus, with its 27th edition curated by Egyptian artist Moataz Nasr under the title “This Too Shall Pass.” The exhibition will feature 55 artists from across the Mediterranean, with a main program complemented by smaller shows in Alexandria museums focusing on emerging Egyptian artists. Venues include the Roman amphitheater, the Alexandria Library, and the Qaitbay Citadel. The biennale was originally established in 1955 under Gamal Abdel Nasser, suspended in 2011 amid the Egyptian revolution, briefly reopened in 2014, and then shuttered again due to financial and political instability.

priority bidding phillips

Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

alan sonfist seeds of time

American artist Alan Sonfist, a pioneer of the Land Art movement known for his 1978 work "Time Landscape" in New York City, has opened a solo exhibition titled "Seeds of Time" at Parco Arte Vivente (PAV) in Turin, Italy. Curated by Marco Scotini, the show features a new installation, "Growth Between the Cracks" (2025), for which Sonfist collaborated with local residents to collect soil samples from overlooked urban spaces across Turin. The exhibition revisits Sonfist's early ecological works and includes a conversation between the artist and curator about the evolution of environmental art.

refik anadol lionel messi favorite goal ai data sculpture

Refik Anadol's A.I. data sculpture "A Goal in Life," based on Lionel Messi's favorite goal from the 2009 Champions League final, sold for $1.87 million at Christie's. The artwork uses millions of data points, including Messi's biometric voice data, breathing patterns, and heartbeat rhythms, to recreate the moment in an immersive 16K-resolution mirrored room. Proceeds benefit education programs in Latin America and the Caribbean supported by the Inter Miami CF Foundation.

ronald perelmans 410m trial finally begins

Billionaire collector Ronald Perelman's $410 million insurance trial has finally begun after seven years of litigation, over 1,500 court filings, and a 2018 fire at his East Hampton estate. The dispute centers on five paintings by Cy Twombly, Ed Ruscha, and Andy Warhol that survived the fire but were exposed to smoke and sprinklers. Perelman claims the works lost their market appeal—their "oomph"—while insurers at Lloyd's of London dispute any detectable damage and allege Perelman quietly tried to sell some of the pieces. The trial has also revealed that Perelman sold over 70 works from his collection after a margin call from Deutsche Bank, with some contested paintings used as collateral.

top auction results june 2025

The summer 2025 auction season concluded with total sales of $85.7 million, a significant drop from $105 million the previous year. The top lot, François-Xavier Lalanne's *Grand Rhinocrétaire II* (2003), sold for $16.42 million at Sotheby’s New York, far below last June’s $29 million top price. Other notable results include Tamara de Lempicka’s *La Belle Rafaëla* (1927) at $10.18 million, two Jean-Michel Basquiat works, and a strong showing by Jacek Malczewski’s *Reality* (1908) at Desa Unicum in Warsaw.

global auction sales h1 2025 arttactic analysis

Global auction sales at Christie’s, Sotheby’s, and Phillips fell 6.2% in the first half of 2025 compared to the same period last year, while the number of lots sold rose 1.3%. ArtTactic’s analysis reveals significant category shifts: post-war and contemporary art dropped 19.3% to $1.22 billion, impressionist and modern art fell 7.7% to $989.5 million, and luxury sales were nearly flat. In contrast, Old Masters surged 35.6% to $171.2 million, and design, decorative arts, and furniture rose 20.4% to $172 million. The decline in high-value trophy lots, including the withdrawal of Andy Warhol’s *Big Electric Chair* and Alberto Giacometti’s *Grande tête mince*, contributed to the slump in contemporary sales.

simon de pury artnet hans neuendorf

Simon de Pury pays homage to Hans Neuendorf, the visionary founder of Artnet, following the announcement of Artnet's sale at the end of May. De Pury recounts Neuendorf's background as a successful art dealer who championed underappreciated artists like Francis Picabia, and describes how Neuendorf revolutionized the art world by creating the world's most comprehensive auction results database in 1989 (initially called Centrox). The article contrasts the pre-digital era of manually filing auction results with the instant access Artnet now provides, and notes that Neuendorf later expanded the platform with Artnet News and Artnet online auctions.

christies first half results 2025

Christie's reported that its auction sales for the first half of 2025 totaled $2.1 billion, identical to the same period last year, suggesting the art market may be stabilizing. However, the $2.1 billion figure marked a 22 percent drop from the first half of 2023, indicating stabilization at a lower level. The house sold seven of the top 10 works at auction, led by Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black, and Blue* (1921) for $47.6 million from the collection of Barnes & Noble founder Leonard Riggio. Luxury sales rose 29 percent, while Old Master sales increased 15 percent, but Asian art and Classics fell 28 percent and 32 percent respectively. The Americas led buyer activity at 45 percent, followed by EMEA at 34 percent and APAC at 21 percent.

phillips pollock painting lawsuit david mimran

Phillips auction house has filed a lawsuit against David Mimran, a film producer and son of billionaire Jean Claude Mimran, alleging he failed to pay $14.5 million for a Jackson Pollock drip painting (ca. 1948) that sold at a New York auction in November 2024. Mimran had agreed to a third-party guarantee for the work, which sold for $15.3 million with fees, but according to Phillips, he sought an extension and then claimed he could not pay. The auction house is seeking nearly $15 million including interest.

man ray rediscovered

A rediscovered watercolor sketch by Man Ray, created in 1913 when he was in his early twenties, has resurfaced after decades in an attic and sold for £18,000 ($24,000) at Dreweatts auction house in Newbury, England, on July 10. The work, titled *Nude Playing Musical Instrument [Study for “Tapestry Painting”]*, is a preparatory study for a lost larger oil-on-linen tapestry and offers rare insight into the artist's pivotal transition from traditional painting to avant-garde experimentation inspired by European modernism encountered at the 1913 Armory Show.

canaletto walpole heads to christies auction

Canaletto's painting "Venice, the Return of the Bucintoro on Ascension Day" (1731–32) sold for £31.9 million ($43.9 million) at Christie's Old Masters evening sale in London, setting a new auction record for the Italian painter. The work, which once hung in the offices of Britain's first prime minister Robert Walpole, surpassed its presale estimate of £20 million and is the largest Canaletto composition to appear at market in two decades, noted for its exceptional preservation and execution during the artist's career peak.

leonardo da vinci vitruvian man secrets dentist

A London-based dentist, Dr. Rory Mac Sweeney, has published a new analysis of Leonardo da Vinci's "Vitruvian Man" (c. 1490) in the Journal of Mathematics and Arts. Using his professional training, Sweeney identifies an equilateral triangle hidden between the figure's legs, which he links to "Bonwill's triangle," a 19th-century dental principle describing optimal jaw function. He argues that Leonardo intuitively encoded geometric relationships—including a tetrahedral ratio of approximately 1.64—that anticipate modern understanding of biological architecture.

christies smashes canalettos auction record after venice view sells for 43 7 m

Christie’s Old Masters evening sale in London set a new auction record for Canaletto on Tuesday, when his painting *Venice, the Return of the Bucintoro on Ascension Day* (circa 1732) sold for £31.9 million with fees ($43.7 million), far exceeding its £20 million estimate. The work, once owned by Britain’s first prime minister Robert Walpole, drew five bidders and sold to an anonymous phone bidder via Christie’s international director Alice de Roquemaurel. The previous Canaletto record of £18.6 million was set at Sotheby’s in 2005.

marie antoinette pink diamond christies

A 10.38-carat fancy purple-pink diamond known as the Marie-Thérèse diamond, linked to Marie Antoinette's only surviving child, sold for $14 million at Christie's New York on June 17, far exceeding its $3–5 million estimate. The jewel, reworked by Joel Arthur Rosenthal into a ring with a fleur-de-lis motif, was originally part of a tiara and passed through generations of European royalty before being sold at Sotheby's Geneva in 1996. The auction also featured the Blue Belle, a sapphire necklace estimated at $8–12 million.

lempicka rafaela nude auction

Tamara de Lempicka's portrait of her lover, *La Belle Rafaëla* (1927), sold for £7.47 million ($10.05 million) at Sotheby's London Modern and Contemporary Evening Sale on June 24. The work, estimated at £6–9 million, hammered just above its low estimate to a buyer in the room. It had last appeared at auction in 1985, when it sold for $242,000, then a record for the artist. The painting depicts Rafaëla, a sex worker Lempicka encountered in Paris's Bois de Boulogne, who became her lover and muse.

art market minute jun 23

Art Basel 2026 confirmed that the global art market remains a buyer's market, with sales occurring across various price brackets. A new generation of collectors is emerging, driven by curiosity, community, and long-term engagement rather than speculation. Meanwhile, former Sotheby's executive Adam Chinn has quietly built the art lending firm International Art Finance, backed by the Nahmad family.

phillips modern and contemporary art by the numbers

Phillips held its marquee May auction in New York, achieving $52 million in total sales, down from $86.3 million the previous year. The top lot was a Jean-Michel Basquiat work owned by David Bowie, which sold for $6.59 million. Four lots were withdrawn before the sale, five failed to sell, and the sell-through rate was 77.5 percent. Despite a low-energy room, five artist records were set, including four for women artists: Ilana Savdie, Olga de Amaral, Kiki Kogelnik, and Grace Hartigan, and one for James Turrell.

david lynch collection auction

A collection of 450 objects owned by the late filmmaker David Lynch was auctioned by Julien's Auctions, achieving a white-glove sale totaling $4.25 million. The top lot was a group of scripts from Lynch's unrealized film project *Ronnie Rocket: The Absurd Mystery of the Strange Forces of Existence*, which sold for $195,000. Other notable sales included scripts for *Mulholland Drive* ($104,000), *Twin Peaks* pilot ($91,000), and *Twin Peaks: Fire Walk with Me* ($78,000), as well as Lynch's director chair ($91,000), a personal 35mm print of *Eraserhead* ($52,000), and his La Marzocco espresso machine ($45,500).

francois xavier lalanne rhinoceros bar sothebys

Sotheby's design sale in New York achieved the second highest auction price ever for a work by French artist François-Xavier Lalanne, with his monumental sculpture desk *Grand Rhinocrétaire II* (1964) selling for $16.4 million—more than triple its $5 million high estimate. The piece, which opens into a fully functional writing desk, sparked a 13-minute bidding battle. Just weeks earlier, another Lalanne work, *Bar aux Autruches* (1967–68), sold for €11.1 million at Sotheby's Paris. The all-time record for Lalanne remains $19.4 million for *Rhinocrétaire I*, sold at Christie's Paris in 2023.

lost turner auction sothebys london

One of J.M.W. Turner's earliest oil paintings, *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol*, painted when he was 17, will be auctioned at Sotheby's London with an estimate of £200,000–£300,000. The work had been misattributed for decades and sold last year at Dreweatts for just £600–£800 as a work by a follower of Julius Caesar Ibbetson, before cleaning revealed Turner's signature. The painting was originally exhibited at the Royal Academy in 1793 and had not been publicly displayed for 167 years.

citigroup mexico bank

Citigroup is selling its Mexican retail banking operation, Citibanamex, along with a collection of approximately 2,000 Mexican artworks dating from the 18th century to the present. The collection includes works by Frida Kahlo, Diego Rivera, José Clemente Orozco, Leonora Carrington, and Remedios Varo, and is considered the most important private painting collection in Mexico. Citibanamex has stated the collection is an integral and indivisible part of the sale and will not be sold separately.

wet paint romero britto cruise

Artnet News' gossip column Wet Paint reports on a Valentine's Day dining experience aboard a simulated Princess Cruises ship at Pier 59 in Chelsea Piers, New York. The event, titled "Love by Britto: First Artistically Inspired Dining Experience Celebrating 'Love'," was designed by Miami-based artist Romero Britto, featuring his signature kaleidoscopic pop art on plates, wine labels, paperweights, and even toilet paper roll stickers. Chef Rudi Sodamin prepared the meal, which included a cocktail with edible glitter and heart-shaped desserts. Britto himself attended a run-through the previous night, and the $214 tickets for the final evening were sold out.

barbara hepworth takes top lot at londons british art sales

London's auction houses held seven sales of Modern British art this week, achieving £22.3 million (including buyer's premium) against a presale estimate range of £21.3 million to £31.7 million. A total of 547 of 705 lots sold, a 77.6% sell-through rate. Bonhams struggled, with half its top lots unsold, including a Henry Moore bronze estimated at £1–2 million, but Pyms gallery and art adviser Wentworth Beaumont bought key works below estimate. Sotheby's raised £6.4 million, led by Edward Burra's *Striptease, Harlem* (1934) at £842,500, and a Paul Nash watercolor tripled its estimate to £212,500. Christie's achieved the highest total at £12 million, topped by Barbara Hepworth's *Figure (Sunion)* (1960), bought by Pyms gallery for over £800,000.

lost gustav klimt portrait african prince tefaf maastricht

A long-lost Gustav Klimt portrait of an African prince, missing since World War II, has resurfaced and is now on view at TEFAF Maastricht with a €15 million ($16.4 million) price tag. The painting, titled *Prince William Nii Nortey Dowuona* (1897), was brought to W&K – Wienerroither & Kohlbacher Gallery in 2023 in poor condition, but a stamp from Klimt's estate led to its identification by catalog raisonné author Alfred Weidinger, who had searched for it for two decades. The work depicts an Osu prince from present-day Ghana, created after Klimt attended an ethnographic exhibition at Vienna's Tiergarten am Schüttel where Osu people were put on display. The painting had been owned by Ernestine and Felix Klein, Jewish collectors who fled the Nazis, and is now being shown after a restitution settlement with Klein's heirs.