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A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

The Met’s Costume Institute Needs an Art History Lesson

The Metropolitan Museum of Art's Costume Institute spring exhibition, "Costume Art," pairs fashion with artworks from the Met's collection, including ancient Greek statues and Andy Warhol screenprints, alongside garments by designers from Charles James to CFGNY. Curator Andrew Bolton aims to suggest that fashion can expand understanding of art, but the show's juxtapositions often feel vague and sloppy, with only occasional resonant pairings like a Jean Paul Gaultier shirt and Joe Brainard drawing linked by queer artist lineage.

The Multibillion-Dollar Maneuvers Behind the Met’s Raphael Show

The Metropolitan Museum of Art has opened “Raphael: Sublime Poetry,” the largest survey dedicated to the Renaissance master in the U.S., featuring 33 paintings and 142 works on paper. The exhibition includes loans from 60 public institutions across 11 countries, as well as private loans from billionaire Leon Black, and the estimated aggregate value of the art on view is in the billions of dollars. Curated by Carmen Bambach, the show took eight years to organize and follows her previous triumphs on Leonardo and Michelangelo.

Fair Warning Bets Big on a Banksy That Could Realize $18 Million

Fair Warning, the members-only online sales platform founded by former Christie's rainmaker Loïc Gouzer, is staging a rare live auction on May 20 at Tiffany & Co.'s flagship store in New York. The centerpiece is Banksy's *Girl and Balloon on Found Landscape* (2012), a work from the artist's 'Crude Oils' series that has never been publicly exhibited. Consigned by a private collector, the painting carries an ambitious estimate of $13 million–$18 million, one of the highest ever for a Banksy. Gouzer argues that Banksy is among the most consequential artists of our time, comparing his trajectory to Jean-Michel Basquiat, and sees this sale as a landmark moment for the artist's market.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Treasures From Matthew Perry’s Estate Head to Auction for a Good Cause

Heritage Auctions will sell a trove of artifacts from Matthew Perry's estate starting June 5, including scripts and memorabilia from the sitcom *Friends*, artworks by Banksy and Mel Bochner, and personal items like a 3D portrait of his invented superhero "Mattman." Proceeds benefit the Matthew Perry Foundation, a nonprofit focused on ending addiction stigma and expanding access to evidence-based care, founded after the actor's death in 2023.

Metal Detectorists Unearth Norway’s Largest-Known Viking Coin Hoard

Two hobbyist metal detectorists, Rune Sætre and Vegard Sørlie, discovered Norway's largest-known Viking Age coin hoard in a field in Østerdalen, east-central Norway. Starting with 19 silver coins on April 10, the find grew to over 3,250 coins dating from the 980s to the 1040s, surpassing the previous record of 1,800 coins found in the 1800s. The hoard includes coins minted under Æthelred the Unready, King Cnut, and Holy Roman Emperor Otto III, as well as early Norwegian coins from after Harald Hardråde's return from Byzantium. The coins have been transferred to the Museum of Cultural History in Oslo for expert analysis.