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Sotheby's will offer Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* in its fall contemporary evening sale in New York with a high estimate of $45 million, the highest estimate ever for a Basquiat work from that pivotal year. The painting, never before auctioned, is described by the house as marking the artist's transition from street artist to international art star. Separately, Art Basel has released the exhibitor list for its inaugural fair in Qatar, featuring 87 galleries including heavyweights like Hauser & Wirth, Gagosian, and Pace, with all booths dedicated to solo presentations curated by artistic director Wael Shawky.

jean michel basquaits 45 m crowns peso neto to headline sothebys fall auctions in new york 1234756255

Sotheby's will offer Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* as the headline lot of its contemporary evening sale in New York this fall, carrying a high estimate of $45 million. The work, which has never been auctioned before, debuted at Basquiat's landmark 1982 solo show at Annina Nosei Gallery and later appeared at Documenta 7. It will be exhibited in London during Frieze Week, then in Paris coinciding with Art Basel Paris, before arriving at Sotheby's new Breuer Building headquarters in New York ahead of the November 8 sale.

basquiat crowns peso neto sothebys auction 2697577

An early Jean-Michel Basquiat painting, *Crowns (Peso Neto)* (1981), sold for $48.3 million at Sotheby’s contemporary evening sale on Tuesday night, exceeding its pre-sale estimate of $35–45 million. The work, making its auction debut, was created when Basquiat was 21 and features his signature motifs of crowns, black faces, and cartographic lines. Bidding lasted five minutes, with Sotheby’s chairman for China Jen Hua winning on behalf of a phone client. The painting had been held in three private collections over four decades and was previously exhibited at Basquiat’s first solo show at Annina Nosei, documenta 7, the Whitney Museum, and the Fondation Louis Vuitton.

kerry james marshall jean michel basquiat sothebys 1234758126

Sotheby's has announced two major consignments for its November marquee auctions in New York: Jean-Michel Basquiat's "Crowns (Peso Neto)" (1981), estimated at $45 million, and an untitled Kerry James Marshall painting from 2008, estimated at $10–15 million. The Basquiat, painted on Christmas night 1981, debuted at Annina Nosei Gallery and Documenta 7, and was previously owned by collectors Thomas Worrell and José Mugrabi before being consigned by French actor Francis Lombrail. The Marshall, depicting a couple embracing at sunset, was purchased on the primary market and has remained in the same collection, recently appearing at the Church in Sag Harbor with lender Neda Young.

Jean-Michel Basquiat’s Crowns (Peso Neto)To Star in Sotheby’s Contemporary Art Evening Sale

Jean-Michel Basquiat's 1981 painting *Crowns (Peso Neto)* will headline Sotheby's Contemporary Evening Sale this November, carrying an estimate of $35–45 million—the highest ever for a Basquiat work from that year. The painting, never before offered at auction, debuted at Annina Nosei Gallery in 1982 and was later shown at documenta 7. It will be publicly exhibited in London, Paris, and New York before the sale, which coincides with the opening of Sotheby's new global headquarters in the former Whitney Museum's Breuer Building.

$45 million Basquiat painting heads to auction for the first time.

Sotheby's will auction Jean-Michel Basquiat's painting *Crowns (Peso Neto)* (1981) in its contemporary evening sale in New York this November, with an estimate of $35–$45 million—the highest ever for a Basquiat work from 1981. The painting, making its auction debut, was featured in Basquiat's breakthrough solo show at Annina Nosei Gallery in 1982 and later exhibited at documenta 7 in 1983 and the artist's retrospective at Fondation Louis Vuitton in 2018. It will tour London and Paris before being presented at Sotheby's new New York headquarters in the historic Breuer building.

These Artists Dominated Auction Sales in 2025

The article presents a data-driven analysis of the top-performing artists at auction in 2025, highlighting specific works and their record-breaking sales. J.M.W. Turner re-entered the top ranks with a $11.9 million sale, while Jean-Michel Basquiat dominated the contemporary category with a $48.3 million result for his painting 'Crowns (Peso Neto)'. Other notable sales included works by René Magritte, David Hockney, and the ultra-contemporary artist Matthew Wong.

sothebys leonard lauder contemporary by the numbers 2715607

Sotheby's held a marathon evening sale in New York on Tuesday night, achieving $706 million in total sales—the highest single-evening total in the auction house's history. The standout was the collection of Leonard A. Lauder, which alone brought $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914-16) that sold for $236.4 million after a 20-minute bidding war. A second sale of contemporary and ultra-contemporary works added $178.5 million, with Jean-Michel Basquiat's *Crowns (Peso Neto)* (1981) topping that session at $48.3 million. Notably, no lots were withdrawn across both sales, and Asian collectors drove bidding on many high-value lots. Maurizio Cattelan's gold toilet *America* (2016) sold for $12.1 million, drawing only one bid.

Sotheby’s to sell painting from Jean-Michel Basquiat’s first solo show

Sotheby's will offer Jean-Michel Basquiat's early painting *Crowns (Peso Neto)* (1981) as the top lot in its Contemporary Evening Sale on 18 November, held at the auction house's new headquarters in the Breuer Building. The work, estimated at $35–40 million, was created in the basement of dealer Annina Nosei's gallery and featured in Basquiat's first solo show in 1982, marking a pivotal moment in his rise from street artist to market star. It comes from a European private collection and has never been auctioned before.

louvre to restore empress eugenie crown 2743111

The Louvre Museum in Paris will restore Empress Eugénie's crown, which was severely damaged during a $102 million heist on October 19, 2025. Thieves broke into the museum, used an angle grinder to cut through a display case, and stole crown jewels, but dropped the crown in their escape. The lightweight, diamond-and-emerald crown was deformed, with four of its eight decorative palmettes broken off and one gold eagle missing. However, all 65 emeralds and most of the 1,354 diamonds remain intact. The museum has opened a bidding process for an accredited restorer, overseen by an expert committee chaired by Louvre director Laurence des Cars, to reshape and fully restore the piece for display in the Galerie d'Apollon.

Cover | DIA Welcomes Jewish Museum Treasures in ‘Guests of Honor' Exhibit

The Detroit Institute of Arts (DIA) has launched a long-term exhibition titled 'Guests of Honor,' featuring significant loans of Jewish ceremonial objects from the Jewish Museum in New York. Running through January 2027, the display includes intricate items such as Torah crowns, pointers, menorahs, and spice boxes sourced from Europe, the Middle East, and North Africa. The objects are integrated into various galleries, including the Arts of the Islamic World section, to highlight shared aesthetic motifs and historical connections between different cultures.

empress eugenies damaged crown to be restored after louvre heist 1234772350

Thieves broke into the Louvre in Paris on October 19, 2024, stealing an estimated $102 million in jewels but dropping and severely damaging the crown of Empress Eugénie during their escape. The diamond- and emerald-encrusted crown, commissioned by Emperor Napoleon III in 1855, was deformed, had one hoop broken off, lost four palmettes and one gold eagle, and is missing 10 of its 1,354 diamonds. Judicial police seized it as evidence before transferring it to the Louvre’s decorative arts department, where directors Olivier Gabet and Anne Dion documented the damage. The museum has opened a public bidding process for an accredited conservator, with an advisory committee chaired by Louvre director Laurence des Cars overseeing the restoration.

ancient egyptian iconography roman bathhouse sagalassos turkey 1234756387

Archaeologists have identified ancient Egyptian iconography on a marble lintel in a Roman-era bathhouse at Sagalassos, Turkey. The carving depicts the sphinx god Tutu, flanked by two human figures wearing the crowns of Upper and Lower Egypt, along with deities Horus and Sobek. Dating to the reign of Emperor Augustus (27 BCE–14 CE), the panel was found in the frigidarium and was sourced from marble quarried over 124 miles away in the Afyonkarahisar region.

Monumental Rubens ceiling painting revealed once more after two-year renovation

The monumental Whitehall Ceiling at London’s Banqueting House, painted by Peter Paul Rubens, is set to reopen to the public following a comprehensive two-year renovation and conservation project. Managed by Historic Royal Palaces, the initiative included the installation of advanced climate control systems to preserve the 17th-century canvases, structural stabilization of historic plaster, and the addition of a lift to provide the first-ever step-free access to the Main Hall.

Footballer Erling Haaland Gifts Rare Viking Saga Manuscript to Hometown Library

Norwegian soccer star Erling Haaland, along with his father Alf-Inge Haaland, purchased a rare 1594 manuscript containing Viking sagas for a record 1.3 million Norwegian crowns and donated it to his hometown. The manuscript, a first printed edition of Snorri Sturluson's chronicles translated by Mattis Størssøn, must be permanently displayed and made publicly accessible at the Bryne library in the Time municipality.

Kim Dacres Revitalizes Sleek Tires, Chains, and Gears in Defiant Sculptures

Kim Dacres transforms discarded auto and bicycle rubber into sculptural portraits that celebrate Black hairstyles and community. Her new exhibition "Lost on a Two Way Street" at Charles Moffett in New York features busts with braided buns and gear-like crowns, alongside flat wall works evoking Victorian cameos. The show also includes reimagined U.S. flags with Black and brown figures, addressing the current political climate and the gap between national symbols and lived reality.