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paint drippings art industry news jun 16 2657309

This week's art industry roundup covers major developments across art fairs, auction houses, and galleries. Ahead of Art Basel in Basel, Artnet's Editor-in-Chief Naomi Rea investigates how the trade lost control of the pricing narrative amid a market breakdown. The Armory Show announces its 2025 edition with over 230 galleries and new curated sections, while Frieze will open a gallery space in Seoul. Sotheby's London will auction Pauline Karpidas's collection estimated at over $81 million, and a rare Rodin marble sold for $1.2 million. Caroline Lang steps down as chair of Sotheby's in Switzerland after four decades. Gallerist Kamel Mennour donates 180 works to Paris's Musée d'Art Moderne, and Marian Goodman Gallery now represents the estate of Ana Mendieta.

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The private collection of legendary collector and patron Pauline Karpidas, featuring masterworks by Salvador Dalí, René Magritte, and Les Lalannes, will be auctioned at Sotheby’s London this September. Spanning 250 lots from her eccentric London home, the collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby’s Europe. Karpidas, who has collected for 50 years and supported artists like Damien Hirst and Tracy Emin, sees herself as a temporary custodian and is passing the works to a new generation.

Ornamental Carpets Release Wild Animals in Debbie Lawson’s Provocative Sculptures

Debbie Lawson presents a solo exhibition, "In a Cowslip's Bell I Lie," at Sargent's Daughters in New York, featuring her signature large-scale sculptures of life-size animals cloaked in ornamental Persian carpets. Using wire mesh, masking tape, and Jesmonite resin, she meticulously wraps each limb in carpet, creating the illusion that the animals have emerged from the textiles themselves. The show includes works such as "Wild Dog Sundown" (2025), "Red Eagle" (2026), and "Black Cougar" (2025), and draws its title from Shakespeare's *The Tempest*.

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Di Donna Galleries in New York will present a major exhibition titled “Magritte and Les Lalanne: In the Mind’s Garden,” opening October 8, 2025, in collaboration with London-based Ben Brown Fine Arts. The show features over 50 works—paintings, works on paper, and sculptures—by Belgian Surrealist René Magritte and French sculptors François-Xavier Lalanne and Claude Lalanne, including rare loans from private collectors and the Lalanne estate. Highlights include Magritte’s *L’ami intime* (1958), which sold for £33.66 million at Christie’s, and François-Xavier Lalanne’s *Hippopotame I* (1968/1998) and “Sauterelle” Bar (1970).

Inside Pauline Karpidas’s Legendary Surrealist Collection Bound for Auction

The legendary Surrealist collection of the late Pauline Karpidas, a renowned art patron and collector, will be auctioned at Sotheby's London in September 2025. The sale spans approximately 250 lots from her eccentric London home, featuring masterworks by René Magritte, Leonora Carrington, Salvador Dalí, Max Ernst, and Les Lalannes. The collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's Europe. Highlights include Magritte's 'La Statue volante' (1940–41), estimated at £9–12 million, and works acquired directly from the estates of Surrealist figures like André Breton and Paul Éluard.

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Sotheby's design sale in New York achieved the second highest auction price ever for a work by French artist François-Xavier Lalanne, with his monumental sculpture desk *Grand Rhinocrétaire II* (1964) selling for $16.4 million—more than triple its $5 million high estimate. The piece, which opens into a fully functional writing desk, sparked a 13-minute bidding battle. Just weeks earlier, another Lalanne work, *Bar aux Autruches* (1967–68), sold for €11.1 million at Sotheby's Paris. The all-time record for Lalanne remains $19.4 million for *Rhinocrétaire I*, sold at Christie's Paris in 2023.