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trending_up market schedule Nov 19, 2025 visibility 14 link 16 artists

november marquee auction sales midpoint analysis 1234762366

Christie's and Sotheby's November marquee auctions in New York generated a combined $1.4 billion, with Sotheby's achieving a record $706 million from a double-header sale. The highlight was Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), sold for $236.4 million from the collection of late cosmetics heir Leonard Lauder, becoming the most expensive modern artwork ever sold at auction. Christie's Monday sale brought in $690 million, falling short of its $731.5 million high estimate but still marking a 42% increase over its equivalent sale last November.

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trending_up market schedule May 19, 2025 visibility 18 link 3 artists, 1 gallery

phillips leadership changes 2025 1234742638

Phillips announced a major leadership shakeup on Monday, with global chairwoman Cheyenne Westphal resigning after eight years. Robert Manley was named chairman of modern and contemporary art, and Miety Heiden was appointed chairman of private sales. Additionally, Jean-Paul Engelen, president for the Americas and worldwide co-head of modern and contemporary art, is leaving after over a decade to join Acquavella Galleries as a director. The changes follow a challenging marquee auction season, where the May evening sale matched its pre-sale estimate of $52 million but fell 40% below the previous year's $86 million haul.

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trending_up market schedule May 19, 2025 visibility 15 link 3 artists, 1 gallery

Top Phillips rainmakers Cheyenne Westphal and Jean-Paul Engelen to leave auction house

Two top executives at Phillips auction house, global chairwoman Cheyenne Westphal and president of the Americas Jean-Paul Engelen, are stepping down. Westphal, who joined Phillips from Sotheby's in 2016 and has been called the most powerful woman in contemporary art, plans to start her own business working directly with private collectors and artists. Engelen is moving to Acquavella Galleries in New York. Their departures follow the resignation of executive chairman Ed Dolman in December and deputy CEO Amanda Lo Iacono at the end of last year, marking a significant leadership exodus.

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