Art trade stays buoyant amid global turmoil

Major London auction houses Sotheby's and Christie's posted strong results in early March, with their Modern and contemporary art evening sales raising £131m and £197m respectively. These figures represented significant increases over the previous year, with high sell-through rates, despite concurrent geopolitical turmoil in the Middle East. Key lots included Francis Bacon's 'Self Portrait' selling for £16m and Henry Moore's 'King and Queen' achieving a record £26.3m.

Aste a Parigi: nuovo record per Claude Monet da Sotheby’s e per Ettore Spalletti da Christie’s

Sotheby's Paris achieved a new French auction record for Claude Monet on April 16, 2026, with 'Vétheuil, effet du matin' (1901) selling for €10.2 million, far above its €6-8 million estimate. The evening sale generated €35 million total, an 84% increase over the 2025 session, also featuring strong results for Marc Chagall, Lucio Fontana, and Rembrandt Bugatti. Meanwhile, Christie's Paris celebrated the 25th anniversary of its 'Thinking Italian' section with a complete sell-out of 11 lots, including a new auction record for Ettore Spalletti's 'Mobile' (1974) at €203,200. The overall Paris modern and contemporary art week reached a record €80.9 million, up 39% year-on-year.

Christie’s to Offer $35 M. Renoir Painting Owned by Whitney Family For Nearly a Century

Christie's will auction Pierre-Auguste Renoir's 1876-77 painting 'La femme aux lilas (Portrait de Nini Lopez)' in its 20th Century Evening Sale on May 18, with an estimate of $25 million to $35 million. The work has been owned by the Whitney Payson family since 1929 and is being sold from the collection of the late Lorinda Payson de Roulet, daughter of the original buyers, Joan Whitney Payson and Charles Payson.

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Sotheby’s London achieved a rare "white-glove" result during its spring modern and contemporary evening sale, with every lot finding a buyer. The auction totaled £131 million ($175 million), representing a 110 percent increase over the previous year's equivalent sale. High-profile successes included a record-breaking £5.2 million sale for Leon Kossoff’s "Children’s Swimming Pool" and strong performances for works by Andy Warhol and Josef Albers, largely driven by prestigious consignments like the Lewis Collection.

Bank of America ArtTactic Art Market Report 2026 Trends

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The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

MODERN AND CONTEMPORARY MIDDLE EASTERN ART - Christie's

Christie's London will host a live evening sale of Modern and Contemporary Middle Eastern Art on November 9, 2023. The auction features 58 works from artists across the Middle East and North Africa, including contemporary figures like Ahmed Mater and Sultan bin Fahad, and modern masters such as Etel Adnan and Mahmoud Sabri. Key lots include Mater's 'From the Real to the Symbolic City' and Adnan's 'Untitled'.

Important private collections feature in Strauss & Co March sales of modern and contemporary

Strauss & Co has announced its upcoming Evening Sale of Modern and Contemporary Art scheduled for March 24, 2026. The auction features 96 lots, headlined by significant private consignments including the Stan and Li Boiskin Art Collection and the Patricia Fine Art Collection. High-value works from South African masters such as Irma Stern, J. H. Pierneef, and Gerard Sekoto will lead the sale alongside a robust selection of contemporary pieces by artists like William Kentridge and Mary Sibande.

School of London Masterworks Drive Sotheby’s £131M Modern & Contemporary Sale

Sotheby’s kicked off the spring auction season in London with a Modern and Contemporary Evening Sale that generated £131 million ($177.4 million) including fees. The auction saw a high 98 percent sell-through rate, bolstered by the sale of four significant works from the collection of financier Joe Lewis. The top lot was Francis Bacon’s 1972 "Self-Portrait," which fetched £16.03 million, while a new auction record was established for Leon Kossoff.

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The art market is gearing up for a high-stakes spring season with major estate collections from S.I. Newhouse and Robert Mnuchin slated for auction at Christie’s and Sotheby’s, collectively valued at over half a billion dollars. Meanwhile, London’s spring marquee sales showed strong momentum, with Christie’s and Sotheby’s reporting significant year-over-year increases in their evening sale totals, despite a more modest performance from Phillips.

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Christie’s London achieved a robust £197.5 million ($265 million) across a triple-header of evening sales, including the 20th/21st Century, Art of the Surreal, and the Vanthournout Collection auctions. The evening was headlined by a record-breaking £26.3 million sale of Henry Moore’s bronze sculpture 'King and Queen', alongside new auction highs for Surrealist artists Toyen and Dorothea Tanning. Despite some pre-sale withdrawals and a marathon four-hour runtime, the house achieved a 96 percent sell-through rate by lot.

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Christie’s London achieved a robust £197.5 million ($263.8 million) across three evening sales, marking a significant 52 percent increase over the previous year. The marathon auction event included the 20th/21st Century sale, the Art of the Surreal sale, and a dedicated session for the Roger and Josette Vanthournout collection. Highlighting the evening was a record-breaking £26 million sale for Henry Moore’s sculpture "King and Queen," alongside strong performances for works by Dorothea Tanning and Toyen.

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Phillips’s Modern and contemporary evening sale in London concluded with a total of £13 million ($17.3 million), marking a 16 percent decline compared to the previous year's equivalent auction. The sale was led by Andy Warhol’s "Mao" and Vilhelm Hammershøi’s "Interior of Woman Placing Branches in Vase on Table," both of which fetched £1.6 million including fees. Despite the overall contraction in total sales, the auction saw a significant breakout for Danish painter Anna Ancher, whose work "Young Girl Reading a Letter" sold for £154,800, tripling its high estimate and setting a new auction record for the artist.

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Sotheby’s London Modern and Contemporary evening sale in March 2026 achieved a robust £130.6 million ($175 million), marking a significant 108.6 percent increase over the previous year's equivalent auction. The event was a "white glove" sale, with all 53 offered lots finding buyers, led by a Francis Bacon self-portrait that fetched £16 million. A notable highlight was a record-breaking £5.2 million sale for Leon Kossoff’s "Children’s Swimming Pool," which sparked a competitive ten-buyer bidding war.

London Saw Few Auction Shakeups as Guarantees Steadied the Market

Christie’s marquee evening sales in London achieved a combined total of £197.5 million ($263.8 million), characterized by a steady, prearranged atmosphere rather than high-stakes drama. The auction house relied heavily on financial safety nets, with a 52 percent year-over-year increase in third-party guarantees ensuring the sale of 21 key lots. While the event featured a theatrical unveiling of a new rostrum designed by Sir Jony Ive, the actual bidding remained largely conservative and focused on blue-chip stability.

Henry Moore and Dorothea Tanning set records at Christie's triple-header sale in London

Christie’s London achieved a robust £197.4 million total across three evening sales, representing a 52% year-on-year increase for the season. The marathon auction was defined by a high 96% sell-through rate and record-breaking prices for major artists, most notably Henry Moore, whose sculpture "King and Queen" sold for £26.3 million. The evening demonstrated a strong appetite for "fresh to market" works and Surrealist masterpieces, even as some lots hammered at the lower end of their estimates.

Records for English painting and Fontana's cuts push the auction

Sotheby’s London kicked off the spring auction season with a robust modern and contemporary art evening sale, totaling £131.7 million and achieving a rare 100% sell-through rate. Despite global political uncertainty, the auction saw aggressive bidding for British post-war masterpieces and Italian avant-garde works. The event also marked the debut of Sotheby’s new commission structure, which lowers fees for high-value lots to incentivize larger transactions.

Sotheby’s Opens the London Spring Marquee Sales With a £131M White-Glove Night

Sotheby’s London kicked off the spring auction season with a "white-glove" Modern & Contemporary Evening Sale, totaling £131 million ($176 million). Despite significant geopolitical instability and market anxiety following recent escalations in the Middle East, the auction achieved a 100 percent sell-through rate across 54 lots. Key highlights included works by Andy Warhol, a Claude Monet landscape once owned by John Singer Sargent, and a Jean-Michel Basquiat painting that sold for £3.7 million after a mid-sale renegotiation.

Sotheby’s Modern and Contemporary Evening Sale Springs To Life

Sotheby’s Modern and Contemporary Evening Sale in London achieved a robust total of £131 million, more than doubling the results of the previous year's equivalent auction. The event was characterized by a high 98% sell-through rate and was anchored by significant single-owner collections, most notably works from billionaire Joe Lewis. Highlights included a Francis Bacon self-portrait that fetched £16 million and a record-breaking sale for Leon Kossoff, whose "Children’s Swimming Pool, Autumn Afternoon" sold for £5.2 million, nearly four times his previous auction record.

Auctions of the week: ancient paintings, Modern art and the Orient

The global art market is entering a high-intensity period between March 5 and 11, 2026, with a dense schedule of auctions spanning Italy, London, Vienna, and Geneva. Major international houses including Christie’s, Sotheby’s, Phillips, and Bonhams are hosting marquee 20th and 21st-century art sales in London, while Italian houses like Finarte, Pandolfini, and Bertolami focus on Old Master paintings, design, and private estates. Notable single-owner collections, such as the Roger and Josette Vanthournout Collection and the estate of Antonio Crivellaro, are among the week's highlights.

London art market springs back to life in Sotheby's Modern and contemporary evening sale

Sotheby’s Modern and contemporary evening sale in London signaled a resilient recovery for the UK art market, totaling £131 million with fees and achieving a 98% sell-through rate. Despite geopolitical tensions and post-Brexit economic concerns, the auction room was notably crowded, driven by high-profile works from the collection of billionaire Joe Lewis. The evening's top lot was a 1972 Francis Bacon self-portrait, which sold for £16 million, while a major painting by Leon Kossoff shattered the artist's previous auction record.

Spurs owner’s School of London trove nets US$47.8m in Sotheby’s white-glove evening sale

Sotheby’s Modern & Contemporary Art Evening Sale in London achieved a rare 'white-glove' result, with all 53 lots finding buyers for a total of £131 million ($175 million). The auction was highlighted by a selection of four School of London masterpieces from the private collection of billionaire Joe Lewis, owner of Tottenham Hotspur. These works, including a 1972 Francis Bacon self-portrait and two Lucian Freud portraits, realized a combined £35.8 million ($47.8 million) and established a new auction record for artist Leon Kossoff.

Henry Moore's King and Queen leads Christie's 20th/21st Century London sales

Christie’s London evening sales achieved a combined total of £197.5 million ($263.8 million) on March 5, 2026, representing a 52 percent increase year-on-year. The night was headlined by Henry Moore’s monumental bronze sculpture 'King and Queen', which sold for a record-breaking £26.3 million after an eight-minute bidding war. The event also debuted a new auction rostrum designed by Sir Jony Ive’s creative collective, LoveFrom, marking the house's 260th anniversary.

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The art world saw significant roster changes and leadership appointments this week, including Roberts Projects announcing representation of Esmaa Mohamoud and Cristin Tierney adding Debbi Kenote. Notable institutional moves include Charles Chemin being named Artistic Director of the Watermill Center and Julia Siemon stepping into a newly created Deputy Director role at the Bard Graduate Center. Additionally, the mid-season auction market showed unexpected strength, highlighted by Jeff Koons’s 'Winter Bears' selling for $7.6 million at Christie’s.

Sotheby’s to hold $141M Modern, Contemporary Art Sale in London

Sotheby’s is preparing to host a major Modern and Contemporary Art Evening Sale at its London headquarters on March 4. The auction features a high-profile selection of works with a total estimated value exceeding £110 million ($140.8 million), anchored by masterpieces from the impressionist and modern eras.

Art Market Minute: March 2

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Frieze Los Angeles has concluded with reports of strong sales, with some dealers noting higher transaction volumes than at Art Basel Miami Beach. This surge in activity was accompanied by a record number of satellite events, signaling a growing interest in alternative fair models and a localized boost for the Southern California art scene.

David Hockney’s First English Landscape Painting Heads to Sotheby’s London’s Auction Block

David Hockney’s 1965 painting "English Garden" is set to be auctioned at Sotheby’s London during its modern and contemporary evening sale on March 4. Estimated to fetch between £2.5 million and £3.5 million, the work is historically significant as the artist’s first foray into English landscape painting. Interestingly, Hockney painted the vibrant scene from memory and a photograph in American Vogue while he was living in Boulder, Colorado.

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Christie's London will offer Wassily Kandinsky's painting *Le Rond Rouge* (1939) with a high estimate of £15.5 million ($21.3 million) in its 20th/21st Century evening sale on March 5. The work, a key piece from the artist's Paris period, has been in prominent collections and was last sold at Sotheby's New York in 2018 for $20.6 million. A major Henry Moore bronze sculpture, *King and Queen* (1952-53), with a £15 million estimate, will also headline the same sale.

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Christie's London will offer Wassily Kandinsky's painting *Le Rond Rouge* (1939) with a high estimate of £15.5 million ($21.3 million) in its 20th/21st Century evening sale on March 5. The work, a key piece from the artist's Paris period, has been in prominent collections and was last sold at Sotheby's New York in 2018 for $20.6 million. The sale will also feature a fresh-to-auction Henry Moore bronze sculpture, *King and Queen* (1952-53), estimated at up to £15 million.

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Sotheby's London will auction four major works from the Lewis Collection in its March 4 Modern and Contemporary evening sale. The highlights include a 1972 self-portrait by Francis Bacon, two portraits by Lucian Freud, and a rare swimming pool scene by Leon Kossoff, all representing the School of London movement.

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A major bronze sculpture by Henry Moore, 'King and Queen' (1952-53), will be the top lot at Christie's 20th/21st Century evening sale in London on March 5. The work, estimated at £15 million ($20.5 million), is the first cast from an edition and the only one remaining in private hands, having been acquired directly from the artist by its current anonymous owner.