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Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

At TEFAF New York, the Masterpiece Market Had Plenty to Celebrate

TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.

The Finale Cut: Lucio Fontana e la sua arte al cinema

A new documentary titled "The Final Cut" explores the life and artistic journey of Lucio Fontana, the Italian-Argentine artist famous for his slashed canvases (Concetti Spaziali). Produced by Good Day Films and Nexo Studios, directed by Andrea Bettinetti and narrated by Miriam Leone, the film will screen in Italian cinemas on May 25–27 as part of the "La Grande Arte al Cinema" season. It features archival footage, interviews with artists such as Doug Wheeler, Antony Gormley, Carsten Höller, Alfredo Jaar, Michelangelo Pistoletto, Heinz Mack, and scholars Luca Massimo Barbero and Daniela Alejandra Sbaraglia, highlighting Fontana's revolutionary approach and his first immersive installation, "Ambiente Spaziale a luce nera" (1949).