Christie’s $1.1 Billion Night Signals a Stunning Rebound for the Art Market

Christie’s achieved $1.1 billion in sales during a single evening auction on Monday, marking a dramatic rebound from the previous year when the three major New York auction houses combined sold that amount over the entire May season. The sale featured trophy works from the collections of S.I. Newhouse and Agnes Gund, with Jackson Pollock’s *Number 7A (1948)* selling for $181.2 million and Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* fetching $98.4 million. Despite the strong overall results, seven of the 16 works in the Newhouse sale hammered below their low estimates, and Constantin Brancusi’s *Danaïde* failed to reach its $100 million estimate, indicating price resistance even for top-tier art.

17 New Artist Auction Records Set in May 2026

New York's spring auction week, starting May 18, 2026, saw record-breaking sales led by Christie's, which realized over $1.1 billion across two opening night sales. Major estate consignments from Condé Nast owner S.I. Newhouse, MoMA trustee Agnes Gund, dealer Marian Goodman, and financier Robert Mnuchin fueled the market, resulting in 17 new artist auction records.

TEFAF New York 2026: Contemporary Gains Ground

TEFAF New York 2026 is set to feature a stronger contemporary art presence, signaling a shift in the fair's traditional focus on Old Masters and antiques. The event will expand its contemporary offerings, attracting a broader range of galleries and collectors.

Spain Threatens to Oust Reina Sofía Director Over Missing Artworks and Finances

Spain’s government has escalated pressure on the Museo Nacional Centro de Arte Reina Sofía, demanding a complete inventory of its 25,000-plus artworks by December 31, 2026. A parliamentary oversight committee passed a resolution backed by the conservative Popular Party and far-right, warning that failure to comply could lead to the removal of museum director Manuel Segade. The resolution calls for a full audit of holdings, including loans and missing pieces, and updated financial valuations. The museum faces years of criticism from Spain’s Court of Auditors over weak internal controls and tracking issues, including a 2021 donation that can no longer be fully accounted for.

In 1955, Calder brings his famous 'Cirque' to life in front of Jean Painlevé's camera

En 1955, Calder active son célèbre « Cirque » face à la caméra de Jean Painlevé

A 1955 film by Jean Painlevé captures Alexander Calder performing his famous "Cirque" (Circus), a handmade miniature circus he created between 1926 and 1931 in Paris. The film shows Calder manipulating fragile wire-and-wood figures—weightlifters, trapeze artists, clowns, and dancers—while a gramophone plays. The work, now preserved at the Whitney Museum of New York, is on loan for a major Calder retrospective at the Fondation Louis Vuitton in Paris (April 15–August 16, 2026). Painlevé's film is also the subject of a concurrent exhibition at the Musée de Pont-Aven (February 7–May 31, 2026).

Serralves museum director steps down

Philippe Vergne, the French curator who has served as director of the Serralves Museum of Contemporary Art in Porto since 2019, will step down at the end of July 2026 at his own request. The Serralves Foundation announced that Vergne will continue contributing to exhibition curation until his departure, and the search for a new director will begin immediately. During his tenure, the museum presented major exhibitions of artists including Alexander Calder, Joan Miró, Cindy Sherman, Mark Bradford, and Maurizio Cattelan, and expanded its space with the Álvaro Siza Wing.

7 D.C. art exhibits to catch this summer before they close

The article highlights seven art exhibitions in Washington, D.C. that are closing at the end of summer 2025, urging visitors to see them before they end. Featured shows include a retrospective of African American artist Alma Thomas at the Smithsonian American Art Museum, a survey of contemporary Indigenous art at the National Museum of the American Indian, and a solo presentation of Yayoi Kusama's infinity rooms at the Hirshhorn Museum and Sculpture Garden. Other notable exhibits include a photography collection by Gordon Parks at the National Gallery of Art and a showcase of modern Latin American art at the Museum of the Americas.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

Nicole Kidman's Billion-Dollar Breakfast at Christie's

Christie's held a record-setting evening sale on May 18, 2025, that generated over $1 billion, featuring a promotional video starring Nicole Kidman. Jackson Pollock's drip painting "Number 7A, 1948" sold for $181.2 million, nearly tripling the artist's previous auction record, while Constantin Brancusi's bronze bust "Danaïde" (c. 1913) fetched $107.6 million, becoming the second most expensive sculpture ever sold. The works came from the collection of late magazine magnate S.I. Newhouse, and a Rothko from Agnes Gund's collection also set a new artist record at $98.4 million.