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paint drippings art industry news may 26 2649338

This week's art industry roundup covers major auction results, including Sotheby's $51.8 million sale of the Saunders Old Masters collection (a record for a single-owner sale in that category) and the $12.5 million sale of the Lalanne's 'Ostrich Bar' in Paris. The Breuer Building, purchased by Sotheby's in 2023, has been landmarked by New York City, preserving its interior during renovation by Herzog & de Meuron. Art Basel announced a new fair in Doha, Qatar, launching next February with 50 exhibitors, while Untitled Art revealed 84 exhibitors for its first Houston edition. In gallery news, Yan Du will open YDP in London, Annely Juda Fine Art is moving, and Jean-Paul Engelen joins Acquavella Galleries. Gladstone Gallery hired Julian Ehrlich from Christie's. Saudi Arabia opens its first specialized art storage facility in Jeddah. Creative Australia chair Robert Morgan retires amid controversy over the Venice Biennale team appointment, and Monash University reversed a decision to cancel an exhibition.

lalanne ostrich bar sothebys paris 2641959

François-Xavier Lalanne's functional sculpture "Ostrich Bar" (1965) sold for €11.1 million ($12.5 million) at Sotheby's Paris on May 20, far exceeding its €3–4 million estimate after an 11-minute bidding war. The piece, one of only six ever produced, features two porcelain ostriches gripping a metal shelf with a central egg for ice cubes; it was the artist's personal favorite, kept in his bedroom for over four decades. The sale took place within Sotheby's Important Design sale curated by model Betty Catroux.

lalanne hippopotamus bar 31 million record 2727425

A 1976 Hippopotamus Bar by François-Xavier Lalanne sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting a new auction record for the French artist. The hand-wrought copper, steel, and wood piece, commissioned by art patron Anne Schlumberger, is the only copper prototype from the series and features concealed compartments for bottle storage, ice bucket, and glassware. The sale was part of the Schlumberger collection, which also included a gold-patinated bronze armchair by Claude Lalanne that fetched $1 million and a pair of bronze gates that sold for $787,400.