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70 million giacometti flops at sothebys as demand for trophy art softens 2644144

The top lot of Sotheby's May auction season in New York, Alberto Giacometti's bronze sculpture *Grande tête mince (Grande tête de Diego)* (1955), estimated at $70 million, failed to sell on Tuesday night. The work was consigned by the Soloviev Foundation, set up by Stefan Soloviev, son of late mega-collector Sheldon Solow, and was offered without a financial guarantee, a risky strategy that backfired when no bidders emerged. Auctioneer Oliver Barker made several chandelier bids before declaring the lot unsold at $64.2 million, shocking the packed salesroom.

person people schedule Apr 23, 2025 visibility 11 link 26 artists, 5 galleries

At 90, Rhona Hoffman Is Closing Her Chicago Gallery—but She Isn’t Retiring Yet

Rhona Hoffman, the 90-year-old Chicago gallerist, is closing her eponymous gallery at the end of May 2025 after nearly five decades in operation. The final group show, “Not Just A Pretty Picture,” ends April 26. Hoffman, who opened her gallery in 1976, gave early platforms to artists like Sol LeWitt, Mickalene Thomas, and Carrie Mae Weems, and is especially known for championing women artists such as Cindy Sherman, Barbara Kruger, and Jenny Holzer. She was also made an honorary member of the Guerrilla Girls after documenting her exhibition history of women artists. Hoffman plans to remain in Chicago, curating shows and working with artists, but will not use the term "pop-up" for her future activities.

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