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This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

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TEFAF New York 2025 opened with 91 exhibitors, featuring a mix of blue-chip and emerging artists. Galleries reported sales including a €250,000 relief by Anne Imhof at Sprüth Magers, a $500,000 Sean Scully painting at Lisson Gallery, and multiple Ruth Asawa works at David Zwirner ranging from $50,000 to $2.8 million. Thaddaeus Ropac sold works by Daniel Richter for €840,000. The fair aims to attract younger buyers while maintaining its prestige, with fewer objects priced above $10 million than in previous years.

Megadealer Larry Gagosian Is the Subject of Unauthorized Documentary In the Works from Director Barry Avrich

Director Barry Avrich is producing an unauthorized documentary titled "Shadow Man: Inside The Secret World of Larry Gagosian" about the legendary art dealer. The film, confirmed by Avrich via email, promises to feature interviews with former employees and artists sharing insider stories about Gagosian's rise from selling posters on LA streets to running a global gallery empire with 18 locations. Avrich previously directed art-world documentaries including "Made You Look: A True Story About Fake Art" about the Knoedler & Co. forgery scandal and "Blurred Lines: Inside the Art World."

Amy Sherald Dresses As Her Own Award-Winning Painting for Met Gala

Amy Sherald attended the 2025 Met Gala dressed as the subject of her own award-winning painting, *Miss Everything (Unsuppressed Deliverance)* (2014). The work, which won the Outwin Boochever Prize at the National Portrait Gallery and appeared on a *New Yorker* cover, depicts a young girl holding an oversized teacup. Sherald collaborated with designer Thom Browne to recreate the painting's look, including a red fascinator, as part of the gala's theme “Fashion Is Art,” which also aligns with the Costume Institute's exhibition “Costume Art.” Sherald served on the gala's committee alongside artists Anna Weyant and Tschabalala Self.

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Gagosian has secured special permission from Art Basel Paris to exhibit a rediscovered Old Master painting by Peter Paul Rubens, titled "The Virgin and Christ Child, with Saints Elizabeth and John the Baptist" (c. 1611–14), at a fair that typically restricts its main sector to works created between 1900 and 2025. The painting, last sold at Sotheby’s New York in 2020 for just over $7 million, will be shown alongside modern and contemporary works by artists such as John Currin, Jenny Saville, and Pablo Picasso. The exception was granted by Art Basel’s management and Selection Committee due to the work's exceptional quality and its resonance with the gallery's booth.

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CULTURED revisits four collector questionnaires from Pride Month, featuring Rob and Eric Thomas-Suwall (the Icy Gays), Chad Leat, and Ilan Cohen. Each collector shares their personal journey, motivations, and the LGBTQ+ artists they champion, including Salman Toor, Dominique Fung, Anna Weyant, Roni Horn, John Giorno, Wolfgang Tillmans, Doron Langberg, Louis Fratino, and TM Davy. The article offers intimate glimpses into their homes and collections, highlighting how they discovered art, built relationships with dealers, and navigated collecting from remote or non-traditional locations.

See Some of the Most Outrageous, Stylish Looks at the 2026 Met Gala

The 2026 Met Gala raised $42 million for the Metropolitan Museum of Art's Costume Institute, surpassing last year's $31 million. The event, themed "Costume Art" with a dress code of "Fashion is Art," featured honorary chairs Jeff Bezos and Lauren Sánchez Bezos, whose involvement sparked protests. Co-chairs included Beyoncé, Nicole Kidman, Venus Williams, and Anna Wintour, with artists Anna Weyant, Tschabalala Self, and Amy Sherald on the host committee. The gala precedes the Costume Institute's spring exhibition, also titled "Costume Art," opening May 10.

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A wave of paintings by women depicting women dominated New York galleries this fall, sparking a critical examination of contemporary feminist figuration. Artists like Emily Coan and Anna Weyant create images of idealized, often sexualized femininity, framing their work as a reclamation of beauty and personal expression.

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Gagosian Gallery will present a new body of work by artist Anna Weyant at TEFAF New York, featuring intimately scaled paintings of jewelry rendered with trompe l’oeil precision. The booth, designed with lavender walls and pine-hued carpet, showcases pieces like "Pearl Earrings" (2025) and "Pearl Bracelet (Sold)" (2025), some with cheeky price tags and red dot stickers. Weyant, represented by Gagosian since 2022, has seen her market soar, with her auction record set at $1.6 million for "Falling Woman" (2020) at Sotheby’s in 2022.

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Cultured magazine has partnered with Samsung to launch a "CULTURED Collection" on the Samsung Art Store, available exclusively to owners of Samsung's The Frame and QLED TVs. Starting in October, 60 artworks by contemporary artists including Adam Pendleton, Dominique Fung, Oscar yi Hou, Chris Martin, and Emma Webster will be displayed in the TV's art mode. A temporary pop-up gallery, the Samsung Art Store Gallery, will open to the public on Oct. 9–10 at 545 W 23rd St in New York, offering a preview of the collection.

In the Studio With 33 of the Hottest Art Stars on the Planet

Vanity Fair profiles 33 emerging art stars who have broken into the upper echelon of the art world within the last five years, despite a contracting art market. The feature, written by Nate Freeman and photographed by Jeff Henrikson, highlights artists like Jadé Fadojutimi, Anna Weyant, and Chase Hall, whose work commands high prices and long waiting lists from top collectors. The selection was based on research including gallerist interviews, museum acquisitions, auction results, and dealer insights.

How To Do New York Art Week 2025 Like An Insider

Sophia Penske, founder of Penske Projects and an art advisor at Gagosian Art Advisory, provides an insider guide to New York Art Week 2025, running May 5–12. She highlights three main fairs: Frieze New York at The Shed (May 7–11), Independent Art Fair at Spring Studios (May 8–11), and TEFAF. The guide includes notable artists to see—such as Daisuke Fukunaga at Tomio Koyama Gallery, Doron Langberg at Victoria Miro, Moka Lee at Carlos/Ishikawa, Julia Jo at Charles Moffett, Laura Footes at SHRINE, and Nicole Economides at Callirrhoe—along with nearby dining, spa, and gallery recommendations.

Fair Warning Bets Big on a Banksy That Could Realize $18 Million

Fair Warning, the members-only online sales platform founded by former Christie's rainmaker Loïc Gouzer, is staging a rare live auction on May 20 at Tiffany & Co.'s flagship store in New York. The centerpiece is Banksy's *Girl and Balloon on Found Landscape* (2012), a work from the artist's 'Crude Oils' series that has never been publicly exhibited. Consigned by a private collector, the painting carries an ambitious estimate of $13 million–$18 million, one of the highest ever for a Banksy. Gouzer argues that Banksy is among the most consequential artists of our time, comparing his trajectory to Jean-Michel Basquiat, and sees this sale as a landmark moment for the artist's market.

Beyoncé, Nicole Kidman and Venus Williams will co-chair 2026 Met Gala

The Metropolitan Museum of Art's Costume Institute has announced the co-chairs for the 2026 Met Gala, scheduled for May 4, 2026. Pop superstar Beyoncé, actor Nicole Kidman, tennis legend Venus Williams, and Vogue editor-in-chief Anna Wintour will serve as co-chairs of the annual benefit. The host committee includes fashion designer Anthony Vaccarello, actor Zoë Kravitz, and a roster of celebrities and artists such as Sabrina Carpenter, Doja Cat, and artist Anna Weyant. The gala will support the Costume Institute's exhibition "Costume Art" (May 10, 2026–January 10, 2027), which will inaugurate the new Condé M. Nast Galleries. The exhibition pairs 200 artworks from the Met's collection with 200 garments, exploring the relationship between the dressed body and Western art. Lauren Sánchez Bezos and Jeff Bezos are sponsoring the event.

Tim Blum will phase out traditional gallery model, close Los Angeles and Tokyo locations

Tim Blum, co-founder of the influential Los Angeles gallery Blum (formerly Blum & Poe), announced he will phase out the traditional gallery model, closing the gallery's permanent public spaces in Los Angeles and Tokyo. Blum cited burnout from the relentless demands of art fairs and gallery openings, emphasizing the decision is about the system, not the market. The gallery, which introduced American audiences to Japanese artists like Yoshitomo Nara and Takashi Murakami and gave early shows to Mark Grotjahn and Anna Weyant, will shift to a more flexible model involving collaborations and special projects. A previous New York space closed in 2023, and a Tribeca space's future remains undetermined.

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François-Xavier Lalanne’s copper sculpture-bar 'Hippopotame Bar' sold for $31.4 million at Sotheby’s in New York, more than tripling its $7–10 million estimate after a 26-minute bidding war among seven bidders. The work, commissioned in 1976 by patron Anne Schlumberger and unique in its copper execution, set a new auction record for the artist and became the most expensive work of design ever sold at auction. The sale capped a year of strong performance for Lalanne’s hybrid animal-furniture works, which have consistently outperformed expectations even in a tougher art market.

What Is the 2026 Met Gala Exhibit “Costume Art” All About?

The Metropolitan Museum of Art's Costume Institute will unveil its 2026 exhibition, “Costume Art,” on May 4, 2026, coinciding with the Met Gala. Curated by Andrew Bolton, the show explores the relationship between fashion and the human body, juxtaposing garments like Rei Kawakubo's bulbous Comme des Garçons ensemble with artworks such as Hans Bellmer's “La Poupée” and Albrecht Dürer's “Adam and Eve.” Mannequins cast from real bodies and mirrored heads by artist Samar Hejazi will enhance the immersive experience. The exhibition runs from May 10, 2026, to January 10, 2027, in the new Condé M. Nast Galleries.

The Met Announces New Details for the 2026 Met Gala and Spring Costume Art Exhibition

The Metropolitan Museum of Art has unveiled details for its Spring 2026 Costume Institute exhibition, titled "Costume Art," and the accompanying Met Gala. Opening May 10, 2026, the exhibition will explore the relationship between the dressed body and art history by pairing garments with artworks from the museum's permanent collection. The event will also inaugurate the new 12,000-square-foot Condé M. Nast Galleries, designed by Peterson Rich Office, which are dedicated to fashion and cross-departmental displays.

Walk the auction: your guide to Christie’s 20th and 21st Century Art sales in NY this May

Christie’s is holding its spring 20th and 21st Century Art sales week in New York from 12–15 May 2025, featuring over 500 works across six live auctions. Highlights include the single-owner collection of Leonard and Louise Riggio, led by a rare Piet Mondrian and René Magritte’s *Les droits de l'homme*; the 20th Century Evening Sale headlined by a Claude Monet from his *Les Peupliers* series; and the 21st Century Evening Sale, where Jean-Michel Basquiat’s *Baby Boom* sold for $23.4 million. Other notable consignors include Anne and Sid Bass, Tiqui Atencio, and Ago Demirdjian. The free public exhibition runs from 3–15 May at Christie’s Rockefeller Center galleries.

anna weyant tiffany and co hardwear

Tiffany & Co. celebrated its Hardwear Collection with an event at its Landmark flagship on Fifth Avenue, featuring painter Anna Weyant as the new face of the campaign alongside actors Greta Lee and Mikey Madison. The gathering included guests such as Phoebe Gates, Laura Harrier, Chase Sui Wonders, artists Chase Hall and Sasha Gordon, and chef Daniel Boulud, with music by Ruby Aldridge and Ruinart champagne.

Rago and Wright: Post War & Contemporary Art

Artsy is hosting a live auction titled 'Rago and Wright: Post War & Contemporary Art,' which closed on January 28, 2026. The sale features 78 lots of works by artists including Donald Judd, Tom Wesselmann, Niki de Saint Phalle, Sol LeWitt, Louise Nevelson, Anna Weyant, and Willem de Kooning, among others. Bidders could place max bids in advance or participate live through the Artsy platform, with all lots shipping from Rago/Wright/LAMA facilities.