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trending_up market schedule May 14, 2025 visibility 32 link 35 artists, 4 galleries

At Sotheby’s, a $70M Giacometti Fails to Sell While Works By Munch and Cézanne Ignite Buyer Excitement

Sotheby’s Modern Evening Auction on May 13, 2025, achieved $186.4 million in sales but was overshadowed by the failure of its headline lot: Alberto Giacometti’s hand-painted bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70 million. The work, consigned by the Soloviev Foundation, went unsold after minimal bidding, lacking a guarantee or irrevocable bid. Other highlights included a strong performance by Edvard Munch and Paul Cézanne works, with 40% of lots exceeding high estimates. Notable sales included Georgia O’Keeffe’s *Leaves of a Plant* ($12.97 million) and Alexander Calder’s *Four Big Dots* ($8.285 million), both fresh to market.

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rare basquiat sothebys contemporary auctions in new york

Sotheby's will auction a rediscovered early Jean-Michel Basquiat painting from 1981, unseen for 36 years, with a $10–15 million estimate at its Contemporary Evening Auction in New York this May. The sale also features major works from three tightly held private collections: the estate of Barbara Gladstone, the Roy Lichtenstein Foundation, and Daniella Luxembourg's 'Im Spazio' group, alongside top lots by Lucio Fontana, Robert Rauschenberg, Frank Stella, and Ed Ruscha. The Modern Evening Auction includes a Pablo Picasso musketeer portrait and a Georgia O'Keeffe painting, with combined estimates for both sales reaching up to $525.2 million.