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Sotheby's is offering Gustav Klimt's "Portrait of Elisabeth Lederer" (1914-1916) from the estate of the late collector and philanthropist Leonard Lauder with an asking price exceeding $150 million. The consignment also includes two Attersee landscapes valued at over $70 million and $80 million respectively, potentially generating over $300 million from just three lots. This sale follows Ronald Lauder's record-setting $135 million private purchase of Klimt's "Portrait of Adele Bloch-Bauer I" in 2006, and is guaranteed to set a new auction record for the artist, surpassing the current $108.8 million benchmark.

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Artnet News' Wet Paint column reports a wave of gallery closures and rumors in New York's art scene. Blum and Venus Over Manhattan have recently shut down, while Clearing's Bowery space temporarily became a Tank Air clothing pop-up, not a permanent closure. Micki Meng sent a cryptic 'I'm quitting' email but clarified it was a reference to Marcel Duchamp, not a business closure. Jack Barrett Gallery is relocating, not closing, and Tramps has closed its Washington Square Park location while planning a new Paris outpost. Jack Hanley, who closed his gallery in January, is now painting in the Hamptons.

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Art Collaboration Kyoto announced 72 exhibitors for its fifth edition, with 25 first-time participants. Patti Wong, former Sotheby's executive, launched New Perspectives Art Partners with Ed Dolman, Brett Gorvy, and others. Art Fair Tokyo's 20th edition saw sales of ¥2.86 billion, down 10% from last year. Lisa Horikawa and Mizuki Takahashi were appointed co-curators of Japan's pavilion at the Venice Biennale. The Sharjah Art Foundation named Angela Harutyunyan and Paula Nascimento curators of the 17th Sharjah Biennial. YDP, a new non-profit space in London, will open with a solo show by Duan Jianyu. At Sotheby's London, Yu Nishimura's painting sold for £292,100. Hong Kong collector Adrian Cheng resigned from New World Development's board.

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Toyin Ojih Odutola is presenting two major solo exhibitions simultaneously—one at Jack Shainman Gallery in New York and one at the Hamburger Bahnhof in Berlin—marking a pivotal moment in her career. The New York show, titled "Ilé Oriaku," features recent works that build on themes from her 2024 Kunsthalle Basel exhibition and the Nigerian Pavilion at the 60th Venice Biennale, incorporating personal loss, ancestral memory, and layered storytelling. The artist describes a need for freedom and resists tidy conclusions, instead embracing flux and experimentation.

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Artnet News published its quarterly museum artist ranking for June 2025, analyzing temporary exhibitions at over 250 U.S. museums to identify which living artists received the most institutional attention. The list includes over 4,500 names, with Indigenous contemporary artists dominating the top ranks: Cara Romero and Sky Hopinka remain highly visible, joined by Jeffrey Gibson and Andrea Carlson. Cindy Sherman appears in at least 10 group shows nationwide, while Alex Katz continues as a rare painter favored by museums at age 97. The ranking prioritizes career retrospectives, dedicated exhibitions, and special commissions over group show appearances.

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Asian collectors and dealers are increasingly choosing to skip Art Basel's flagship Swiss edition in favor of Art Basel Paris, citing the French capital's more appealing experience. Amid a market contraction, figures like Monique Leong are skipping Basel for the second year, while others such as Kankuro Ueshima, Rosy Wu, and Kazunari Shirai still attend. Notable appearances include K-pop star RM of BTS, who made his first public appearance after military service as Samsung Art TV's global ambassador. The fair saw Asian languages spoken widely, and young first-time collectors brought private guides to maximize their visit.

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This week's art industry roundup covers major developments across art fairs, auction houses, and galleries. Ahead of Art Basel in Basel, Artnet's Editor-in-Chief Naomi Rea investigates how the trade lost control of the pricing narrative amid a market breakdown. The Armory Show announces its 2025 edition with over 230 galleries and new curated sections, while Frieze will open a gallery space in Seoul. Sotheby's London will auction Pauline Karpidas's collection estimated at over $81 million, and a rare Rodin marble sold for $1.2 million. Caroline Lang steps down as chair of Sotheby's in Switzerland after four decades. Gallerist Kamel Mennour donates 180 works to Paris's Musée d'Art Moderne, and Marian Goodman Gallery now represents the estate of Ana Mendieta.

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Art Busan wrapped its 14th edition on a high note, with over 100 galleries participating and a special exhibition titled “CONNECT” curated by Wonseok Koh under the theme Territories and Boundaries. The fair, part of Busan Art Week, saw strong engagement from international galleries such as Société (Berlin) and Canada (New York), with directors noting maturing visitors and serious local collectors. A new partnership with Tokyo Gendai will bring 10 Korean galleries to Japan this September, and the fair debuted a Future Art Award for emerging galleries.

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Art advisor Naomi Baigell recalls that when she managed Prudential's corporate art collection in the late 1980s and 1990s, executives refused to hang textile works by Colombian-born artist Olga de Amaral, preferring abstract paintings instead. Now 93 and still working, Amaral is experiencing a major market and institutional renaissance: the Institute of Contemporary Art in Miami is hosting a solo show of her work (through October 12), her pieces are included in MoMA's "Woven Histories" exhibition, and she has been represented by Lisson Gallery since 2019. In 2025, her auction performance has been stellar, with a new record of $1.16 million set in May for *Imagen perdida 27* (1996) at Phillips New York, and total sales of $4.07 million as of June.

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A rare marble sculpture by Auguste Rodin, *Le Désespoir* (ca. 1892–93), was rediscovered atop a piano in a private home in France and sold at auction for €1.1 million ($1.2 million). The auction, held by Rouillac at the Château de Villandry, lasted over 20 minutes and attracted bidders from China, Switzerland, and the United States, with a young American banker winning the piece. The sculpture had last appeared at auction in Paris in 1906 and exceeded its high estimate of €700,000.

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Chicago's annual art week unfolded with gallerist Daisy Sanchez documenting the scene for Artnet News's 'Wet Paint in the Wild' column. Sanchez, who recently co-opened Hans Goodrich gallery with Peter Anastos, attended the Renaissance Society's annual benefit, EXPO Chicago, and after-parties. The week featured artists including Joanne Greenbaum, Leah Ke Yi Zhang, B. Ingrid Olsen, and Isabelle Frances McGuire, with appearances by curators Myriam Ben Salah, Karsten Lund, and Giampaolo Bianconi, among others.

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This week's art industry roundup covers major auction results, including Sotheby's $51.8 million sale of the Saunders Old Masters collection (a record for a single-owner sale in that category) and the $12.5 million sale of the Lalanne's 'Ostrich Bar' in Paris. The Breuer Building, purchased by Sotheby's in 2023, has been landmarked by New York City, preserving its interior during renovation by Herzog & de Meuron. Art Basel announced a new fair in Doha, Qatar, launching next February with 50 exhibitors, while Untitled Art revealed 84 exhibitors for its first Houston edition. In gallery news, Yan Du will open YDP in London, Annely Juda Fine Art is moving, and Jean-Paul Engelen joins Acquavella Galleries. Gladstone Gallery hired Julian Ehrlich from Christie's. Saudi Arabia opens its first specialized art storage facility in Jeddah. Creative Australia chair Robert Morgan retires amid controversy over the Venice Biennale team appointment, and Monash University reversed a decision to cancel an exhibition.

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British artist Stuart Semple has been ordered by a French court to pay €16,000 ($18,200) in damages for selling a blue paint called Easy Klein, which he developed as a tribute to Yves Klein. The ruling, issued on what would have been Klein’s 97th birthday, sided with Klein’s estate and trademark holders—Blue Bay Limited, RUK (the company managing Klein’s copyrights), and Klein’s son Yves Amu Klein—who argued that Semple’s product unfairly capitalized on Klein’s legacy. Semple denies the claims and plans to appeal, stating that the packaging was a satirical riff on Calvin Klein perfume, not an attempt to confuse consumers.

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The collection of Old Masters assembled by Thomas A. Saunders III and his wife Jordan sold for $64.7 million at Sotheby’s on May 21, falling below its low presale estimate but still becoming the most valuable trove of Old Masters ever sold in a single auction. Seven artist records were set, including Luis Meléndez’s *Still Life of a Cauliflower…* ($6.3 million) and Jan Davidsz. de Heem’s floral still life ($8.8 million). The top lot was Francesco Guardi’s twin landscapes of Venice ($10.5 million). A further 14 paintings sold the next day, bringing the collection’s total to $65.4 million.

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The article reviews the Independent art fair, highlighting its curated approach that results in a visually cohesive and easeful experience compared to other fairs. It notes the prevalence of neo-bucolic landscapes and animal paintings by artists like Sameen Agha, Tim Braden, and Lisa Sanditz, as well as delicate abstractions and small ceramic works. Standout pieces include Pope.L's provocative paint-scribbled underwear at Mitchell-Innes and Nash, Rosa Barba's kinetic painting at Vistamare, Ibrahim El-Salahi's silkscreen painting at Vigo Gallery, and works by emerging artists such as Constanza Camila Kramer Garfias and Ada Friedman at Kendra Jayne Patrick Gallery.

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The article reports on the exhibition “Rise Up: Resistance, Revolution, Abolition” at the Fitzwilliam Museum in Cambridge, England, which highlights overlooked figures of the transatlantic abolitionist movement. It features contemporary portraits by British-Nigerian artist Joy Labinjo, including her 2022 works depicting Olaudah Equiano and Phillis Wheatley, alongside historical paintings like Thomas Gainsborough’s portrait of Charles Ignatius Sancho. Labinjo’s paintings fill gaps where no visual records of these revolutionaries exist, drawing on historical sources to create accurate, vivid representations.

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This week's art industry roundup covers major personnel changes at Phillips, with Cheyenne Westphal stepping down as global chairwoman and Jean-Paul Engelen departing for Acquavella Galleries, alongside promotions of Robert Manley and Miety Heiden. Auction results show mixed performance: Christie's Riggio collection brought $488.8 million, but Sotheby's and Phillips saw declines, while Marlene Dumas set a record for a living woman artist at Christie's. Other highlights include the launch of Derrick Adams' Scout Art Fair in Baltimore, Art Basel's inaugural awards, and the opening of Destinee Ross-Sutton's gallery in Stockholm.

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Michelle Grabner, a Milwaukee-based artist known for examining overlooked visual languages, has created a new series of porcelain sculptures at the Kohler Company's MakerSpace in Wisconsin. These works, which mimic janitorial supplies like sponges, sinks, and mop carts, are being shown at the Independent art fair this week with Cleveland's Abattoir Gallery. Grabner, who co-curated the 2014 Whitney Biennial and served as the inaugural artistic director of FRONT International, continues to expand her practice beyond painting into industrial materials, while also holding two concurrent museum retrospectives: "Underdone Potato" at the Schneider Museum of Art and "Under the Sink" at the Haggerty Museum.

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TEFAF New York is currently running at the Park Avenue Armory through May 13, 2025, drawing large crowds with its cross-category approach spanning fine art, jewelry, design, and antiquities. The article highlights six standout pieces from the fair, including Judy Kensley McKie's animal-motif furniture at Delorenzo Gallery, Zaha Hadid's 'Liquid Glacial' coffee table at David Gill Gallery, and Indigenous Australian artist Mantua Nangala's dot paintings at Salon 94. Other notable works include Camilla Moberg's glass sculpture 'Goldie' at Galerie Maria Wettergren, Etienne Henri Martin's mid-century lounge chairs at Demisch Danant, and Robert Cottingham's painting 'Meat Counter' at Galerie Georges-Philippe and Nathalie Vallois.

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A Manhattan judge has blocked London-based art dealer Richard Nagy from selling or transporting two watercolors by Egon Schiele, which were on display at his booth during the Salon of Art + Design fair at the Park Avenue Armory. The works—Woman in a Black Pinafore and Woman Hiding Her Face—are claimed by the heirs of Fritz Grünbaum, a Jewish Holocaust victim and cabaret performer who died at Dachau. The heirs, Timothy Reif and David Fraenkel, filed suit in Manhattan Supreme Court, alleging the paintings were among 400 artworks surrendered to the Nazis by Grünbaum's wife. Nagy disputes the claim, arguing the works were sold legally by Grünbaum's sister-in-law in 1956 and that previous arbitration boards found no evidence of Nazi looting.

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The article previews the 2025 Met Gala, which coincides with the Metropolitan Museum of Art's exhibition "Superfine: Tailoring Black Style." The gala's dress code will celebrate Black dandyism, inspired by Monica L. Miller's 2009 book *Slaves to Fashion: Black Dandyism and the Styling of Black Diasporic Identity*. Co-chairs include actor Colman Domingo, Formula 1 driver Lewis Hamilton, rapper A$AP Rocky, and musician Pharrell Williams. The exhibition, guest-curated by Miller, will feature historical and contemporary clothing, artworks, and photographs organized into 12 sections such as "Respectability," "Disguise," and "Cool." The article also highlights five art historical examples of Black dandyism, including a 1772 portrait of Julius Soubise.

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Belgian billionaire Guy Ullens, a key figure in promoting Chinese contemporary art, died at age 90. His death was announced by the Ullens Center for Contemporary Art (UCCA) in Beijing, which he founded in 2007 as one of China's first privately run contemporary art centers. The article also covers Art Basel Hong Kong, Art Dubai's digital art sales, Gallery Weekend Beijing's new invitation-only system, Bluerider Art's expansion to Los Angeles, the appointment of Ho Tzu Nyen as artistic director of the 16th Gwangju Biennale, the Turner Prize 2025 shortlist, the opening of New Taipei City Art Museum, and Saudi Arabia's new typefaces.

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Artist Harry Gould Harvey IV and others are reclaiming the frame as an integral part of the artwork, using found wood and elaborate designs to embed narrative, memory, and place. Harvey, represented by P.P.O.W., began making frames from a fallen black walnut tree, while artists like Jenna Rothstein create ceramic frames with spiky thorns. The New Museum Los Gatos recently honored Holly Lane, a pioneer who milled Renaissance-style frames in the 1980s, challenging the minimalist norm.

What Is a "Post-Duchamp" Art World?

Scholar Thierry de Duve discusses the legacy of Marcel Duchamp in conjunction with a new exhibition at the Museum of Modern Art (MoMA) featuring seven of the artist’s “boîtes-en-valise.” These portable miniature museums, created decades before Duchamp’s first formal retrospective, are framed as evidence of his genius in anticipating the institutional logic of the modern museum. The conversation explores how Duchamp’s provocative works, such as the readymade "Fountain," fundamentally altered the trajectory of art history and defined the "post-Duchamp" era.

Shreg the green ogre, a grey obsessive and Vermeer’s boiled egg – the week in art

This week's art roundup from The Guardian highlights a range of exhibitions across the UK, including Bruce Asbestos's 'Bootleg Shreg 2' at Exeter Phoenix Gallery, a playful show featuring a green ogre that parodies copyright rules. Other notable shows include Roy Oxlade's primitive paintings at Alison Jacques, May Morris's craft legacy at Lady Lever Art Gallery, a 30-year anniversary group show at Timothy Taylor, and Alan Charlton's monochrome grey works at Annely Juda Fine Art. The article also features an image of a naturally sculpted rock on Kangaroo Island, a review of the Turner Prize nominees, and a masterwork analysis of Vermeer's 'The Guitar Player' at Kenwood House, which was stolen in the 1970s and recovered with the help of a clairvoyant.

A Launchpad for the Future

"Eine Startrampe für die Zukunft"

The article is a media roundup covering several stories from the art world. It includes an interview with Jeff Koons discussing his artistic process and philosophy, a portrait of artist Jorinde Voigt, a report on the robust Art Düsseldorf fair, a news piece about two valuable Gerhard Richter paintings on loan to a museum, and a review of the new LACMA building's non-linear curatorial approach.

5 Highlights of Art Düsseldorf

5 Highlights der Art Düsseldorf

The Art Düsseldorf contemporary art fair has opened its latest edition, showcasing a diverse range of works that balance humor with urgent political and global themes. Highlights from the fair include Christian Jankowski’s monumental sculptures based on children's clay models at Galerie Crone, Julian Charrière’s environmentally conscious installations at Dittrich & Schlechtriem, and Jody Korbach’s satirical paintings that reference German art history and pub culture at Petra Martinez.

The 11 Exhibitions to See in May 2026

ArtReview's editors have curated a list of 11 must-see exhibitions worldwide for May 2026, excluding Venice. Highlights include Audie Murray's solo show at april april in Pittsburgh, featuring works made with her own hair and breast milk; Delcy Morelos's monumental earthwork 'origo' at the Barbican Sculpture Court in London; and Bold Tendencies' 20th anniversary season in Peckham, titled 'Euphoria', with new commissions across multiple disciplines.

Appropriation Culture: Richard Prince and Arthur Jafa

An upcoming exhibition at ArtReview pairs artists Richard Prince and Arthur Jafa to explore the ethics and aesthetics of image appropriation. Jafa's work, such as the video "Love is the Message, The Message is Death" (2016), uses found footage of police violence and Black cultural icons, while Prince's "Girlfriends" series rephotographs amateur snapshots from biker magazines. Jafa has cited Prince as a key influence on his own practice of transposing images across contexts.

Para Site 30th Anniversary Programme: Q&A with Junni Chen

Para Site, a Hong Kong contemporary arts center, has launched a year-long 30th anniversary programme featuring exhibitions, performances, and residencies. The programme is structured around acts of response, pairing artists and fostering new collaborations, drawing inspiration from the organization's earliest experimental exhibitions.