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Sotheby’s $304M Modern Evening Auction Confirms the Market Has Found Its Footing

Sotheby's Modern Evening Auction on May 19 achieved $304 million with a 98% sell-through rate across 45 lots, more than doubling the total from the equivalent sale in November. The auction was anchored by fresh-to-market masterpieces, including Henri Matisse's "La Chaise Lorraine" from the Barbier-Müller collection, which sold for $48.4 million—the second-highest price for a Matisse painting at auction. Other highlights included works from the Enrico Donati collection, which generated a combined $58.9 million, and Pablo Picasso's "Arlequin (Buste)" (1909) selling for $42.6 million. The sale contributed to a running combined total of $839.6 million for Sotheby's marquee sales, following strong results from the Mnuchin collection and Contemporary Day Auction.

Sotheby’s Posts $433 Million Haul, as Trophy Lots Continue to Carry the Market

Sotheby's May 2025 evening auctions in New York generated $433.1 million, a 132.7% increase over the same sales last spring, despite offering fewer lots. The evening featured an 11-lot sale from the collection of the late banker-turned-dealer Robert Mnuchin, which alone brought in $166.3 million, led by Mark Rothko's "Brown and Blacks in Reds" (1957) selling for $85.8 million. The main contemporary art auction, including "The Now" sale, totaled $266.8 million, with over 80% of lots guaranteed. Four works went unsold and one was withdrawn, yielding a 91% sell-through rate.

KAWS | BEAUTIFUL LOSERS EXHIBITION POSTER (2004) | Art & Prints

An auction listing for KAWS's "Beautiful Losers Exhibition Poster" (2004) is featured on a digital marketplace, with bidding having ended. The work is an offset lithograph in color, measuring 17 × 11 inches, published by the Contemporary Arts Center, Cincinnati. The listing includes a detailed biography of KAWS (born Brian Donnelly), highlighting his career from street art subversion in the 1990s to high-profile brand collaborations with Nike, Uniqlo, and Dior, and his record auction sale of $14.8 million at Sotheby's in 2019.

World record for Carla Accardi in Contemporary Art auction at Dorothem's

Dorotheum's Contemporary Art auction in Vienna on May 20, 2026, set a new world record for Italian artist Carla Accardi, whose work *Fonda notte - Pieno giorno* (1986) sold for €520,000 to a telephone bidder. The sale also saw strong results for Martha Jungwirth (€429,000), Miriam Cahn (€195,000), and top lots including Thomas Schütte's *Vater Staat* (€520,000) and works by Mikuláš Medek (up to €546,000). International participation was robust, with particular demand for female artists and Central European figures.

Art Market Auctions Recovered Late 2025, But Not A "Comeback" – Citi Wealth

Citi Wealth's report, "State of the Art Market 2026: Don’t Call It A Comeback," finds that the global art market entered 2026 with renewed optimism, but confidence is highly selective and concentrated at the high and accessible ends. The November 2025 Modern and Contemporary Art auctions in New York surged 77% year-on-year to $2.2 billion, driven by the record-breaking $236.4 million sale of Gustav Klimt's *Portrait of Elisabeth Lederer* from the Leonard Lauder collection. However, numerous galleries closed in 2025, including BLUM gallery and Venus Over Manhattan, and traditional hubs like London and New York face slow growth while emerging regions gain influence.

Post-War & Contemporary Art

Freeman's auction house is presenting a 'Post-War & Contemporary Art' sale featuring 83 lots that span eight decades of art history. The auction includes notable works such as a Richard Mayhew landscape, an Andy Warhol text-based canvas, a Robert Rauschenberg solvent transfer, a Peter Halley abstraction, and monumental outdoor sculptures by Allan Houser. Other highlights include pieces by Caio Fonseca, Jamie Nares, Beverly Pepper, and a range of contemporary voices like Ann Craven, Bunny Rogers, and Sterling Ruby.

The Fabric Workshop and Museum presents Jesse Krimes: Elegy Quilts by Bucks County artist

The Fabric Workshop and Museum (FWM) in Philadelphia, in partnership with Mural Arts Philadelphia, presents "Jesse Krimes: Elegy Quilts," an exhibition featuring works from the artist's ongoing Elegy Quilt series (2020-present). The show debuts a newly commissioned quilt, "Riverside" (2026), created from used clothing collected from incarcerated people. Krimes, a Bucks County-based multidisciplinary artist who experienced incarceration himself, gathers donated clothing and textile fragments from currently and formerly incarcerated individuals and reconstitutes them into patterned quilts that meditate on memory, loss, and resilience. The exhibition also includes collages made during workshops with graduates of Mural Arts' Restorative Justice reentry program, which informed both the quilt and a forthcoming public mural in Philadelphia's Spring Arts District, to be unveiled June 3.

New contemporary art auction to debut in Dubai this May

A new auction platform called Bam Auctions will launch in Dubai this May, with its inaugural sale held on Saturday at Bayt AlMamzar, an independent cultural space in a restored villa. The sale features 21 lots of contemporary art from the UAE and the wider region, including works by Jaber Al Azmeh, Manal Al Dowayan, and Hale Tenger, with estimates ranging from a few hundred to several thousand dollars. Bidding will be in person with remote options via phone, WhatsApp, and absentee bids.