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Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

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.

It’s the Most Controversial Venice Biennale in Years. Can the Art Stand Up to the Noise?

The 2026 Venice Biennale is embroiled in controversy, with the US Pavilion at the center of a political storm. The Trump administration's State Department overhauled the selection process, bypassing the usual NEA panel and commissioning a nonprofit, the American Arts Conservancy, to organize the pavilion. Artist Alma Allen, who accepted the invitation despite threats from galleries and curators, presents a show that critics find politically muted. The Biennale's jury resigned days before the opening, and annual prizes were canceled, adding to the turmoil.

art new york gallery guide spring

Cultured's spring gallery guide for New York highlights a curated selection of exhibitions across the city, with standout shows including Carol Bove's sculptural installation at the Solomon R. Guggenheim Museum, Joan Semmel's retrospective at the Jewish Museum, Jessi Reaves's furniture-based works at the American Academy of Arts and Letters, and the group show "Afterlives: Contemporary Art in the Byzantine Crypt" at the Metropolitan Museum. The guide also notes exhibitions by Paul Chan, Nicola Tyson, Doron Langberg, and Yuval Pudik that are closing soon, and extends coverage to shows in Philadelphia and Warsaw.

An Auction Without Bidding: Loïc Gouzer’s Latest Bet on How to Sell Art

Loïc Gouzer's auction app Fair Warning is launching a new sales format called "No Warning." The system eliminates bidding wars; a work is listed with a price, and buyers can either purchase it immediately or submit a single, binding offer. The highest offer is presented to the seller, who decides to accept or reject it, with no public record of the sale unless disclosed by the parties. The first test of the format is a 1999 Elizabeth Peyton watercolor priced at $400,000.

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.

Frieze New York Diary: a charity sale and rogue underwear

Frieze New York is underway, with notable highlights including a provocative marble sculpture of underwear by Reza Aramesh at the Iranian gallery Dastan, representing the last garment removed before imprisonment. Meanwhile, collectors Susan and Michael Hort are hosting a charity sale at their Tribeca townhouse benefiting the Rema Hort Mann Fund, featuring a popular "Buy What You Love" section where $150 works on paper are sold anonymously. Actor Lucy Liu is also making waves with a new exhibition titled "Hard Feelings" at Alisan Fine Arts on the Upper East Side, showcasing deeply personal paintings about memory and family.

Inside the New Madison Avenue Flagship of the Powerhouse Gagosian Gallery

Larry Gagosian has opened a new flagship gallery at 974 Madison Avenue (preferring the address 980 Madison at 76th Street) after Bloomberg Philanthropies took over the building's upper floors, which had housed Gagosian's New York flagship since the late 1980s. The megadealer relocated to the street level, creating a 12,000-square-foot complex with exhibition spaces, offices, meeting rooms, and private viewing areas designed by Jonathan Caplan of Caplan Colaku Architects. The gallery launched with a double-header presentation of works by Marcel Duchamp and Robert Rauschenberg, and features ceilings just over 12 feet high, adaptable walls, and a vestibule display of art books.