In New York, Sotheby's Exhibition-Sales Are Packed

À New York, les expositions-ventes de Sotheby’s font salle comble

Sotheby's New York has experienced an unprecedented surge in public attendance at its exhibition-sales held in the iconic Breuer Building. In just two weeks, over 25,000 visitors—a 3.8-fold increase from the previous year—queued around the block to see works by artists like Gustave Klimt, Maurizio Cattelan, and René Magritte, with total attendance from November to late January reaching 46,325. The crowds, reminiscent of a major museum show, initially overwhelmed staff, who had to manage the flow to preserve the viewing experience for high-value clients.

Yves Saint Laurent’s Lalanne Mirrors Set for $15 Million Sale

Sotheby’s has announced the sale of a monumental set of 15 gilt-bronze mirrors by Claude Lalanne, originally commissioned by fashion icon Yves Saint Laurent for his Paris apartment. The mirrors are the centerpiece of a 123-lot auction from the collection of Jean and Terry de Gunzburg, scheduled for April 22 at the Sotheby’s Breuer building. Estimated to fetch between $10 million and $15 million, the mirrors represent a significant appreciation in value since the de Gunzburgs acquired them for approximately $2.4 million at the historic 2009 Saint Laurent estate sale.

Sotheby’s Sued by Cushman and Wakefield Over Unpaid $10.2 Million Commission

Real estate brokerage Cushman and Wakefield has filed a lawsuit against Sotheby’s, alleging the auction house failed to pay a $10.2 million commission following the $510 million sale of its former York Avenue headquarters to Weill Cornell Medicine. The broker claims that under a 2023 agreement, they were entitled to a 2-percent fee if the medical school transitioned from a tenant to a buyer, a deal that was finalized in 2025. Sotheby’s has dismissed the lawsuit as "baseless," asserting they will be vindicated in court.

Sotheby’s Sued by Cushman & Wakefield Over $10.2 Million Commission

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Sotheby’s is facing a lawsuit from real estate firm Cushman & Wakefield over an unpaid $10.2 million commission related to the $510 million sale of its former New York headquarters at 1334 York Avenue. The brokerage claims that its work securing Weill Cornell Medicine as a tenant in 2023 paved the way for the medical school's eventual purchase of the building, triggering a contractual 2 percent fee that the auction house has allegedly refused to pay.

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Christie’s and Sotheby’s recently concluded their 2026 mid-season contemporary art auctions, signaling a shift toward higher-value inventory in what were traditionally lower-stakes sales. The standout result was the $7.6 million sale of Jeff Koons’s sculpture 'Winter Bears' (1988) at Christie’s, setting a record for the highest-valued work ever sold in a mid-season auction. Meanwhile, Sotheby’s held its first 'Contemporary Curated' sale at its new Breuer building headquarters, achieving $19.4 million led by a $3.8 million Alma Thomas painting.

Paint Drippings: Art Industry News November 21

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The Philadelphia Museum of Art has appointed Daniel H. Weiss, former head of the Metropolitan Museum of Art, as its new director and CEO to provide stability following the controversial dismissal of Sasha Suda. The transition occurs amid a legal battle, with the museum filing court documents alleging Suda misappropriated funds and falsified records. Meanwhile, the auction market saw a historic moment at Sotheby’s, where Gustav Klimt’s 'Portrait of Elisabeth Lederer' sold for $236.4 million, setting a new record for the artist and becoming the most expensive Modern work ever sold at auction.

Basquiat's 'Museum Security' to Headline Sotheby's May 2026 Contemporary Evening Auction

Jean-Michel Basquiat’s monumental 1983 painting 'Museum Security (Broadway Meltdown)' is set to headline Sotheby’s Contemporary Evening Auction in May 2026. Estimated to fetch in excess of $45 million, the work is appearing at auction for the first time in over a decade. Before the sale, the canvas will undergo a global tour with stops at the Breuer building in New York, Hong Kong, Los Angeles, and London.

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Sotheby's is launching its inaugural Old Masters Week at its new Breuer building location in New York with a special exhibition of works heading to auction. The centerpiece is the 'cimasa' (top panel) of Pietro Perugino's 'Decemviri Altarpiece' (1495), on an exceptional loan from Italy's National Gallery of Umbria and traveling outside Italy for the first time. After its display at Sotheby's, the panel will be exhibited at the Morgan Library and Museum alongside Giovanni Bellini's newly restored 'Pietà' (c. 1470), which is also making its U.S. debut.