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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.

israeli us strikes iran jeopardize cultural heritage 2660032

Israeli and U.S. military strikes on Iran, occurring since June 13, 2025, have threatened significant damage to the country's cultural heritage. Israeli bombings targeted the headquarters of the Iranian state broadcaster (IRIB) in Tehran, a major work of Modern architecture designed by the firm of renowned Iranian architect Abdol Aziz Farmanfarmaian. U.S. bombings over the weekend struck a nuclear complex near Isfahan, one of Iran's most historically significant cities, though its historic landmarks appear unscathed. The Tehran Museum of Contemporary Art (TMoCA), designed by Kamran Diba and home to a major collection of modern Western art, is also a source of concern.