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Basquiat's monumental work on paper sells for US$16.3m, leading Sotheby's contemporary sale in New York

On May 15, Sotheby's held The Now and Contemporary Evening Sale in New York, achieving a total of US$127.1 million. The top lot was an untitled 1981 work on paper by Jean-Michel Basquiat, which sold for US$16.3 million after a five-minute bidding battle. The sale included 41 lots with a 92.6% sell-through rate, and all nine works from the collection of Roy and Dorothy Leichtenstein were sold, contributing US$29 million to the total.

Remembering Erik Bulatov, the Soviet artist who reframed propaganda

Erik Bulatov, the Soviet-born artist known for overlaying Communist Party slogans onto luminous landscapes, died in Paris on 9 November. A key figure in the underground art movement of the 1970s and 80s, he was part of the Sretensky Group alongside Ilya Kabakov and others, navigating state censorship by illustrating children's books. His most famous work, *Glory to the CPSU* (1975), sold for $2.1m in 2008, and in 2025 he was ranked the most expensive living Russian artist by The Art Newspaper Russia.