Art News. Vasari Codex

trending_up market schedule May 20, 2026 visibility 4 link 27 artists, 1 gallery

Sotheby’s $304M Modern Evening Auction Confirms the Market Has Found Its Footing

Sotheby's Modern Evening Auction on May 19 achieved $304 million with a 98% sell-through rate across 45 lots, more than doubling the total from the equivalent sale in November. The auction was anchored by fresh-to-market masterpieces, including Henri Matisse's "La Chaise Lorraine" from the Barbier-Müller collection, which sold for $48.4 million—the second-highest price for a Matisse painting at auction. Other highlights included works from the Enrico Donati collection, which generated a combined $58.9 million, and Pablo Picasso's "Arlequin (Buste)" (1909) selling for $42.6 million. The sale contributed to a running combined total of $839.6 million for Sotheby's marquee sales, following strong results from the Mnuchin collection and Contemporary Day Auction.

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Sotheby’s Pulls In $303.9 M. in a Solid but Subdued Modern Evening Sale Led by $48 M. Matisse

Sotheby’s Modern Evening Auction on Tuesday night achieved $303.9 million in total sales, with 98% of lots sold, led by Henri Matisse’s *La Chaise lorraine* at $48.4 million—the second-highest price ever for a Matisse painting at auction. Other top lots included Pablo Picasso’s *Arlequin (Buste)* (1909), which sold for $42.6 million, and works by Alberto Giacometti and Vincent van Gogh. However, bidding was often cautious, with few prolonged contests, and the total fell below the presale high estimate of $320.2 million, reflecting a tempered market atmosphere.

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Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

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