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A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

King Charles Visits Christie’s in New York, After White House Dinner

King Charles III and Queen Camilla made a surprise visit to Christie’s headquarters in New York on April 29, 2026, following a White House dinner and address to Congress. They attended a gala for the King’s Trust, a charity supporting young people from disadvantaged backgrounds, rather than bidding on auction lots like a $100 million Jackson Pollock or a $60 million Roy Lichtenstein. The event, co-chaired by Lionel Richie, drew guests including Martha Stewart and Anna Wintour, and featured a dinner in the James Christie Room. Christie’s CEO Bonnie Brennan curtsied to the king, and the royals viewed the new rostrum designed by Jony Ive, set to debut in New York during Christie’s May marquee week.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

Lévy Gorvy Dayan Bets on Urgency With New LGD Hammer Sales Platform

Lévy Gorvy Dayan has launched LGD Hammer, a new sales platform that blends gallery exhibition with auction-style urgency. The first work offered is Willem de Kooning's *Milkmaid* (1984), estimated at $10–$15 million, which will be on view by appointment from May 2 until the sale on May 16. Gallery cofounder Dominique Lévy will serve as auctioneer, drawing on her Christie's experience, while bidding occurs by phone with online observation. Cofounder Brett Gorvy emphasized the platform is not a market overhaul but a response to slowed private sales and cautious collectors who still respond to competitive pressure.

The Venice Biennale has long been a sales platform—now no one is pretending otherwise

The Venice Biennale, traditionally a government-subsidized non-commercial institution where sales were downplayed, is experiencing an unprecedented open embrace of commerce. For the first time, Christie's is hosting an invitation-only selling exhibition in Venice, offering works ranging from Old Masters like Lucas Cranach to Modern and contemporary giants such as Andy Warhol, Louise Bourgeois, and Mark Bradford, with prices from $500,000 to over $35 million. Dealers, auction houses, and private foundations are openly pricing and selling works to collectors, spurred partly by Italy's reduced 5% VAT rate on art imports, now Europe's lowest.

Tracking the Biggest Market Players at the Venice Biennale

The 61st Venice Biennale is underway, and while it is officially a non-commercial exhibition, market forces are increasingly influential behind the scenes. Artnet News host Margaret Carrigan reports on auction houses actively participating in opening week, and highlights Sotheby’s upcoming single-owner sale in London featuring works from billionaire Joe Lewis’s collection, expected to exceed $200 million. Meanwhile, Whitechapel Gallery has created a new economist-in-residence position to address ongoing financial strain in museums.

New Jersey Father and Daughter Plead Guilty to $2 M. Counterfeit Art Scheme

Two New Jersey residents, Erwin Bankowski and his daughter Karolina Bankowska, pleaded guilty to running a counterfeit art scheme that funneled over 200 fake works into the legitimate market between 2020 and 2025. The pair consigned forgeries attributed to artists including Andy Warhol, Pablo Picasso, Banksy, and Luiseño artist Fritz Scholder to galleries and auction houses across the United States, defrauding buyers of at least $2 million. They fabricated ownership histories, forged gallery stamps and certificates of authenticity using antique books and aged paper, and now face up to 20 years in prison plus restitution.

Marc Chagall | Sujet Biblique (1956) | For Sale

A limited-edition lithograph by Marc Chagall, titled *Sujet Biblique* (1956), is being offered for sale through Palm Beach Modern Auctions. The work is signed, bears a blind stamp, and is edition 2/15. It was originally published by Antoine Teriade in Paris for the Verve Vol. III art review, and its provenance includes a previous sale at Phi Auctions in 2021–2022. The lot is listed with a buyer's premium of 28% and is sold "AS IS" under the auction house's standard terms.

Victor Vasarely | Pink Composition (1980) | For Sale

Victor Vasarely's 1980 serigraph "Pink Composition" is being offered for sale through Palm Beach Modern Auctions. The limited-edition print, signed and numbered 183/300, is executed on Arches paper and measures approximately 70 × 51 cm. The listing provides detailed condition notes, bidding terms, and a 28% buyer's premium, with the auction house encouraging in-person inspection and advance shipping quotes.

In Pictures: Prince Albert II and Princess Caroline open Monaco Art Week 2026

Prince Albert II and Princess Caroline of Hanover opened the 8th edition of Monaco Art Week on Monday evening at the New National Museum of Monaco. The event, running until May 1, transforms the Principality into an open-air art trail with fourteen participating venues, including Artcurial, Sotheby's, Almine Rech Gallery, and the Hôtel des Ventes de Monte-Carlo, spread across La Condamine, Monte-Carlo, and Larvotto. The royal siblings toured the current exhibition "The Feeling of Nature," which explores works from Nicolas Poussin to contemporary art, featuring painting, sculpture, jewellery, and design. The week will culminate with the opening of the Art Monte-Carlo fair at the Grimaldi Forum, marking its 10th edition under the artistic direction of Stefano Rabolli Pansera.

US Returns 337 Looted Objects to Italy in Repatriation Effort

The United States officially returned 337 looted antiquities to Italy at a ceremony held at La Marmora barracks in Rome. Of these, 221 objects were repatriated through the Manhattan District Attorney’s Office, while the remaining 116 were recovered on April 10, 2026, via joint efforts by the FBI, Homeland Security Investigations, the District Attorney’s Office, and Christie’s New York auction house. The objects span from the Villanovan era (900–700 BCE) to the Hellenistic period (323–31 BCE) and include a 1st-century CE marble head of Alexander the Great, a bronze sculpture from Herculaneum, and two Egyptian basalt sculptures.

Open Letter on Auction of “Tributes” to the Russian Avant-Garde

An open letter signed by art historians, curators, and researchers protests an upcoming auction at Stanley's Auction House in Zaventem, Belgium, scheduled for April 23, titled “Tributes to the Russian Avant-Garde & Constructivists.” The second sale is organized in cooperation with Drouot, a major French auction platform, and offers approximately one hundred works from the so-called Toporovsky collection, which has been linked to a scandal involving forged Russian modernist paintings at the Museum of Fine Arts Ghent. The alleged suppliers, Igor Toporovsky and Olga Toporovsky, face criminal charges including the sale of 171 forged works for about €20 million, with court proceedings beginning in May in Ghent. The signatories argue that the auction, with works priced around €300 each, is deeply troubling given the pending legal case and the undisclosed consignor identity.

Une souscription pour la Maison-atelier Lurçat

The Académie des beaux-arts has launched a subscription campaign to acquire a monumental tapestry by Jean Lurçat, recently rediscovered by Christie's. The tapestry, titled *Bestiaire* (1930), measures 3 by 6.45 meters and was originally created for the artist's home-studio in Paris's 14th arrondissement. It will be publicly unveiled at Christie's Paris on May 6–7, 2025, before a private sale between the Académie and the auction house for €110,000. Donations are being collected online or by check to fund the purchase.

Shaohua Nong | Shaohua Nong Animal Original Oil On Canvas "Twain II… (2015) | For Sale

Chinese artist Shaohua Nong (b. 1960, Linfen, Shanxi) is offering an original oil on canvas titled "Twain II" (2015) for sale at US$1,300 through the gallery Sojourner in New York. The 25 × 37 inch painting is hand-signed, includes a certificate of authenticity, and is listed on Artsy with a money-back and authenticity guarantee. Nong, a member of the Shanxi Branch of Chinese Artists Association, has exhibited widely in China and internationally, including at Hong Kong ART CENTRAL Art Fair, Shangshang Art Museum in Beijing, and the Nanjing International Art Exhibition.

Wohin im Westen?

The article guides readers through the Gallery Weekend Berlin in the western part of the city, specifically along Fasanenstraße and Savignyplatz. It highlights classic modern works, major contemporary names, and paintings that oscillate between pathos, poetry, and doubt. The route includes a stop at the gallery of Wolfgang Werner, which is celebrating its 35th anniversary in Berlin, and references the area's long tradition of art dealing, with institutions like the Literaturhaus and auction house Grisebach.

This free exhibition celebrates the Monogram’s 130th anniversary with a selection of exceptional trunks in Paris.

To mark the 130th anniversary of Louis Vuitton's Monogram canvas, the Parisian auction house Gros & Delettrez is hosting a free exhibition of rare travel trunks and accessories from May 18 to 20, 2026. The display features iconic pieces including two expedition bed trunks (one from 1911 with the initials 'B.B.'), a library trunk, a desk trunk, and other travel innovations designed between 1880 and 1930, all before they go up for auction on May 21.

Millon relance Pierre Bergé & Associés

Millon has taken full control of Pierre Bergé & Associés, becoming its sole shareholder. The auction house, founded in 2002 and restructured two years ago by Alexandre Landre after judicial recovery, will now operate under Millon's financial, logistical, and commercial backing while retaining its Avenue Kléber address and operational team.