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kenny schachter new york fair auction recap 2648049

Kenny Schachter's article for Artnet News draws a parallel between President Jimmy Carter's 1977 energy-crisis plea to lower thermostats and the current art-market response to Trump-era tariff turmoil. He reports that the spring 2025 auction cycle generated $1.25 billion, continuing a decade-long decline from the 2014 peak, with bidders spending less and big-ticket sellers stuck. Schachter also promotes his own no-reserve auction, "Hoarder #6," scheduled for July 8–17 at Phillips, and critiques Trump's economic policies and crypto ventures, name-dropping Justin Sun as a major holder of $Trump tokens.

christies london day sale october 2025 1234757768

Christie’s postwar and contemporary art day sale in London on Thursday totaled £12.2 million ($16.4 million), with over 80% of lots sold and 90% of those achieving prices within or above their presale estimates. Standout results included a 2020 painting by Somaya Critchlow selling for £57,150 (est. £15,000–£20,000), a small Etel Adnan painting going for £107,950 (est. £30,000–£50,000), and a Michelangelo Pistoletto mirror piece fetching £234,950—seven times its estimate. However, a Toyin Ojih Odutola painting and a Gerhard Richter gray painting failed to sell, reflecting a selective market.

design market report 2025 auction results tiffany lalanne 1234745884

Amid a sluggish broader art market, the design category is surging. Major auction houses—Sotheby’s, Christie’s, and Phillips—held design sales in early June 2025 that far exceeded expectations. Sotheby’s New York design sales totaled $37.5 million, Christie’s $23.6 million, and Phillips $4 million, representing a 62.3 percent year-on-year increase across all three houses. Notable highlights include the Goddard Memorial Window by Tiffany Studios, which sold for $4.29 million, the second-highest price for a Tiffany window at auction. The sales attracted many new buyers, with Sotheby’s and Phillips reporting over 20 percent of buyers were new to the houses.

christies h1 2025 auction sales report 1234747544

Christie’s announced a projected sales total of $2.1 billion for the first half of 2025, matching its H1-2024 figure. While art categories like Impressionist, modern, and Old Masters saw modest growth—Old Masters sales rose 15% to $55 million—luxury categories (handbags, watches, cars, jewelry) surged nearly 30% to $468 million, now accounting for 22% of the total. Notable sales included René Magritte’s *La reconnaissance infinite* (1933) for £10.3 million and Piet Mondrian’s *Composition with Large Red Plane, Bluish Grey, Yellow, Black, and Blue* (1922) for $46.7 million. Guaranteed lots remained low at 1.5%, and the sell-through rate held steady at 88%.

morning links october 1 2025 1234755006

Christie's, Sotheby's, and Phillips reported their first-half 2025 auction sales, with Christie's leading at nearly $1.5 billion (down 1.9% year-over-year), Sotheby's at $1.2 billion (down 14%), and Phillips at $190.1 million (down 24.5%). The top lot was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922), sold for $47.6 million from Len Riggio's collection. Separately, the British Museum announced its inaugural ball on October 18, promoted by director Nicholas Cullinan, and Sotheby's opened its first public art exhibition in Abu Dhabi featuring works by van Gogh, Kahlo, and others. UNESCO launched a Virtual Museum of Stolen Cultural Objects, and Heritage Auctions sold part of Guillermo del Toro's "Bleak House" collection for $1.65 million.

Hong Kong Marquee Art Sales Total $164.9 M., Up 18 Percent From Equivalent 2025 Auctions

Christie's, Phillips, and Sotheby's spring marquee auctions in Hong Kong generated a combined $164.9 million, an 18% increase from the equivalent sales in spring 2025. The auctions, strategically timed to coincide with Art Basel Hong Kong, saw strong demand for trophy works, with Christie's leading the season at $83.8 million. Key sales included a Gerhard Richter painting for $11.77 million and a Sanyu work for $8.17 million, while Sotheby's sold a Joan Mitchell painting for $17.6 million, the season's top lot.

jean paul engelen joins acquavella galleries 1234742601

Jean-Paul Engelen, currently president for the Americas and worldwide co-head of modern and contemporary art at Phillips auction house, will join Acquavella Galleries as a director starting July 1. Engelen spent a decade at Phillips, where he helped increase auction sales by 72 percent between 2015 and 2021, and previously worked at Christie’s for 16 years and at Qatar Museums.

consignors new york november auctions 2025 2711189

New York's November 2025 auction season is set to feature at least $1.67 billion in art across Sotheby's, Christie's, and Phillips, a 54% increase in estimates from the same period last year. The season is dominated by major estates, including Leonard Lauder's $400 million trove at Sotheby's with Klimt paintings and Matisse bronzes, Cindy Pritzker's collection featuring a Van Gogh, and anonymous Surrealist works. Christie's offers $736 million in low estimates from collections like Robert and Patricia Weis, Elaine Wynn, and Stefan Edlis. Phillips remains risk-averse, focusing on established names. The market shows a flight to quality, with emerging art reduced and delegated to day sales, while ultra-contemporary segments contract.

top auction results june 2025 2665014

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.

christies four paris art week 2025 auctions 1234759320

Christie's and Sotheby's both posted strong results during Paris Art Week 2025, with Christie's four auctions totaling $107.4 million—a 16% increase year-over-year—and Sotheby's two sales reaching €89.7 million ($104 million), a 50% rise from the previous year. The top lot at Christie's was Yves Klein's monumental painting *California (IKB 71)*, which sold for €18.4 million ($21.4 million), setting a record for the artist in France. Other artists including Max Ernst, Paul Signac, Lee Ufan, and Berthe Morisot also achieved new auction records in France during the week.

top auction results may 2025 2654816

Spring 2025 auction results at Christie’s and Sotheby’s in New York showed a mixed market. Major lots like Alberto Giacometti’s *Grande tête mince* failed to sell, and Andy Warhol’s *Electric Chair* was withdrawn. However, top sales included Piet Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* for $47.56 million, Claude Monet’s *Peupliers au bord de l’Epte, crépuscule* for $42.96 million, and Mark Rothko’s *No. 4 (Two Dominants)* for $37.78 million. Works by Basquiat, Magritte, Picasso, and Richter also sold well.

gene hackman santa fe home sale 2738652

The Santa Fe home of the late actor Gene Hackman and his wife Betsy Arakawa has been listed for sale at $6.25 million. The 13,000-square-foot hilltop compound, designed by architect Ed Boniface, includes a main residence, guesthouse, and a studio where Hackman painted, all set within a gated community with expansive mountain views.

Sotheby’s September Sale stars Indian Masters

Sotheby’s is holding a September 2025 auction in London titled 'Modern & Contemporary South Asian Art,' featuring major works by Indian modernists including Francis Newton Souza, M.F. Husain, Sayed Haider Raza, Bikash Bhattacharjee, and K.K. Hebbar. Highlights include Souza's 'Emperor' (1957) from his celebrated mid-1950s period, Husain's 'Chittore Fort' (1964) from the renowned Chester and Davida Herwitz collection, and Bhattacharjee's 'Two Sisters No. 2' (1982), which previously sold in a landmark Herwitz single-owner sale at Sotheby’s in 1995.