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sam gilliam foundation sued over disputed drape painting and more art industry news 2669000

The Sam Gilliam Foundation has been sued over a disputed Drape painting, while the Art Dealers Association of America announced it will not hold its annual New York fair, The Art Show, in 2025, citing a strategic pause. Christie's reported $2.1 billion in auction sales for the first half of 2025, matching last year's figure but down 22% from 2023, and a juvenile Ceratosaurus fossil sold for $30.5 million at Sotheby's. Galleries are seeing movement: Nicole Wittenberg joins Acquavella Galleries, Harper Levine plans a Bangkok space, and Felix Rödder will open Rodder on Manhattan's Upper East Side. Yale University Art Gallery withdrew federal grant applications over anti-DEI language, and the Smithsonian American Art Museum named Mary Savig curator-in-charge of the Renwick Gallery.

juvenile ceratosaur dinosaur fossil sothebys auction record 1234747766

A juvenile Ceratosaurus dinosaur fossil sold for $30.5 million at Sotheby’s natural history sale on July 16, far exceeding its high estimate of $6 million. The auction featured a six-minute bidding war among six bidders, making it the third-highest price ever for a dinosaur at auction. Other top lots included a Martian meteorite that sold for $5.3 million, a Pachycephalosaurus skull, and a Tyrannosaurus Rex foot, each fetching $1.758 million. All four top lots accepted cryptocurrency payments.

unique juvenile dinosaur sothebys 2659142

A rare juvenile Ceratosaurus fossil sold for $30.5 million at Sotheby's New York, far exceeding its $6 million presale estimate after a six-minute bidding war. The 154-159 million-year-old specimen, discovered in 1996 at Wyoming's Bone Cabin Quarry, contains 139 original bone elements and stands over 6 feet tall. Sotheby's stated the buyer plans to loan the fossil to an institution.

how the dinosaur came roaring back 2730384

2025 has been a landmark year for dinosaur fossils in the art world, marked by high-profile sales, seizures, and ethical controversies. In November, a pair of Allosaurus fossils and a Stegosaurus skeleton worth £12 million ($15.6 million) were seized by the UK's National Crime Agency from Binghai Su, a Chinese national linked to a major money-laundering case in Singapore. The fossils had been purchased at Christie's Jurassic Icons auction in 2024. Meanwhile, Sotheby's sold a juvenile Ceratosaurus fossil for $30.5 million in July, far exceeding its $6 million estimate, and Phillips entered the dinosaur market for the first time, selling a juvenile Triceratops skeleton for $5.4 million in November. The most expensive dinosaur fossil ever, a Stegosaurus named Apex bought by hedge fund titan Kenneth Griffin for $44.6 million in 2024, was loaned to the American Museum of Natural History.

phillips juvenile triceratops fossil auction 2693077

Phillips auction house sold a juvenile Triceratops skeleton named Cera for $5.4 million at its Modern and contemporary evening sale in New York, marking the company's first foray into dinosaur fossils. The specimen, discovered in South Dakota's Hell Creek Formation, is the first juvenile Triceratops ever uncovered and features two-thirds of its original skeleton. The sale exceeded its low estimate of $2.5 million, and other natural history lots, including a preserved marine crocodile, were also offered.