consignors revealed new york auctions may 2025 2637611

The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

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Christie's 21st century evening sale on May 14, 2025, generated $96.4 million against a presale low estimate of $79.5 million, with 39 lots offered and a sell-through rate of 90% before withdrawals. The top lot was Jean-Michel Basquiat's 'Baby Boom' (1982), which sold for $23.4 million with fees, consigned by collector Peter M. Brant. Marlene Dumas's 'Miss January' (1997) achieved $13.6 million, setting a new record for the most expensive living female artist, surpassing Jenny Saville's previous record. Other notable sales included Simone Leigh's 'Sentinel' (2020) at $5.7 million, while works by Ellsworth Kelly and Felix Gonzalez-Torres failed to sell.

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Marlene Dumas set a new auction record for the most expensive living female artist when her 1997 painting *Miss January* sold for $13.6 million at a Christie’s evening sale. The work, featuring a nude woman with a ghostly white face, was pre-sold with a third-party guarantee. Other women artists also broke personal records that night, including Simone Leigh (sculpture for $5.7 million) and Emma McIntyre (painting for $201,000). However, the top five priciest works of the week were all by men: Claude Monet, Pablo Picasso, Alberto Giacometti, René Magritte, and Piet Mondrian, with Mondrian’s *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* selling for $47.6 million.

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Christie's 21st century evening sale in New York on May 14 achieved $96.4 million, with strong performances by women artists. Marlene Dumas's *Miss January* (1997) set a new auction record for a living woman artist at $13.6 million, while Simone Leigh's bronze sculpture *Sentinel* (2020) sold for $5.7 million, breaking her previous record. Other highlights included Jean-Michel Basquiat's *Baby Boom* (1982) at $23.4 million. Separately, a painting by Henry Scott Tuke long held by the National Trust was identified as a portrait of Lawrence of Arabia, and the Metropolitan Museum of Art received a major gift of over 6,500 photographs from collector Artur Walther and the Walther Family Foundation.

Ten Highlights From New York’s Spring Marquee Auctions

New York's spring marquee auctions are set for May 2025, with Christie's, Sotheby's, and Phillips presenting strong lineups after a 25% drop in total public sales in 2024. Highlights include the $250 million Leonard and Louise Riggio collection at Christie's, featuring Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (est. $50 million), and Alberto Giacometti's *Grande tête mince* (est. over $70 million) at Sotheby's. Other top lots include Lucio Fontana's *The End of God*, Jean-Michel Basquiat's *Baby Boom*, a Rothko from the Bass mansion, Claude Monet's *Crepuscular Peupliers*, Olga de Amaral's evening sale debut, a trove of 40 Roy Lichtenstein works, and an Ed Ruscha piece. The sales test market resilience amid supply constraints and a cautious art market.

How the wealth transfer from Boomers to their children will shake up the art market

The article examines how the transfer of wealth from Baby Boomers to younger generations is reshaping the Australian art market. As Boomers downsize or pass away, their tightly held collections—featuring artists like Grace Cossington Smith, Howard Arkley, and Brett Whiteley—are entering auction houses, creating rare buying opportunities. Meanwhile, younger collectors (Gen X, Millennials, Gen Z) face economic uncertainty, leading to a softening in the ultra-contemporary market and a decline in NFTs. New models of online and agency representation are bypassing traditional galleries, and galleries themselves are undergoing generational change, with some closing and others like Ames Yavuz and D'Lan Contemporary expanding.

Bank of America ArtTactic Art Market Report 2026 Trends

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The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

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Christie's 21st-century evening sale in New York on Wednesday night totaled $96.5 million, surpassing last year's $80.3 million, though the auction was characterized by caution, few fireworks, and a reduced number of lots. The headline event was Marlene Dumas's painting *Miss January* (1997) selling for $13.6 million with premium, setting a new auction record for a living female artist. The work, estimated at $12–18 million, was guaranteed and sold to a client bidding through Christie's deputy chairman Sara Friedlander; Miami collectors Don and Mera Rubell were the consignors. Other notable results included new records for Simone Leigh, Emma McIntyre, and Louis Fratino, while the top lot was Jean-Michel Basquiat's *Baby Boom* (1982) at $23.4 million. Four of 43 lots were withdrawn, and several works failed to sell, including an Ellsworth Kelly canvas with a $2 million low estimate.

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Christie’s 21st-century art sale on Wednesday achieved $96.5 million in total sales, a 20 percent increase over the same sale last year. The auction featured 43 lots, with four withdrawn before the sale, and a sell-through rate of 83.7 percent (92.3 percent after withdrawals). The top lot was Jean-Michel Basquiat’s *Baby Boom* (1982), which sold for $23.4 million. The sale was heavily supported by guarantees—24 lots were guaranteed, including 18 with third-party guarantees—accounting for 75 percent of the total presale low estimate. Auctioneer Yü-ge Wang faced cautious bidding, prompting playful remarks as collectors tested lower increments.

Five Big Lots to Watch as New York’s Spring Auctions Spring Into Action

New York's May auction season has begun, with Christie's, Sotheby's, and Phillips presenting major works by artists including Jean-Michel Basquiat, Robert Rauschenberg, Ed Ruscha, Cecily Brown, and Marlene Dumas. Highlights include Basquiat's 'Baby Boom' (estimate $20–$30 million) at Christie's, a Basquiat 'Untitled' (1981) at Sotheby's, and Marlene Dumas' 'Miss January' (1997), which could break the auction record for a living woman artist. Sotheby's will also feature works from the late dealer Barbara Gladstone's collection, while the San Francisco Museum of Modern Art is deaccessioning Frank Stella's 'Adelante' and other works to fund new acquisitions.

Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales at Sotheby's, Christie's, and Phillips fell to $3.98 billion in the first half of 2025, a 6% decline from the same period in 2024 and the lowest total in at least a decade excluding the pandemic. Postwar and contemporary art, the traditional growth engine, dropped 19%. ArtTactic cites lingering concerns over global economic growth, inflation, and geopolitical tensions as dampening confidence, even as wealthy individuals' personal wealth and stock markets reach record highs.