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Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

New Richard Avedon documentary chronicles how he shaped the evolution of photography

Imagine Documentaries, the nonfiction arm of Ron Howard and Brian Grazer's Imagine Entertainment, premiered a new documentary about photographer Richard Avedon at the Cannes Film Festival on May 17. The film, co-produced by the Richard Avedon Foundation, draws heavily from archival interviews conducted by Helen Whitney for the PBS series *American Masters*, supplemented by new interviews with Avedon's son John, muse Lauren Hutton, Isabella Rossellini, Twyla Tharp, and former *New Yorker* colleagues Tina Brown and John Lahr. The documentary explores Avedon's career, his technique of building rapport with subjects, and his iconic images such as *Dovima with Elephants*, which dealer Larry Gagosian notes sold for $2 million.

Basquiat’s 'Museum Security' leads Sotheby’s New York contemporary evening sale at US$52.7m

Jean-Michel Basquiat's 1983 painting 'Museum Security (Broadway Meltdown)' sold for US$52.7 million at Sotheby's Now and Contemporary Evening Auction in New York, becoming the fifth-most expensive Basquiat ever auctioned. The work, estimated at over US$45 million and backed by an irrevocable bid, hammered at US$45.3 million to a telephone bidder represented by Sotheby's Lucius Elliott. The auction totaled US$266.8 million with fees, selling 40 of 44 lots, and combined with the preceding Robert Mnuchin collection sale—led by Mark Rothko's 'Brown and Blacks in Reds' at US$85.8 million—the evening brought in US$433.1 million.

A New Richard Avedon Documentary Lets Him Down

A new documentary titled "Avedon" (2026), directed by Ron Howard, premiered at the Cannes Film Festival. The film offers a conventional tour of the life of famed photographer Richard Avedon, relying on talking-head interviews and behind-the-scenes anecdotes rather than delving into the artistic process or the deeper implications of his work. The review criticizes Howard's approach as hackwork, noting that the documentary misses opportunities to explore Avedon's insights on image culture, his influence on cinema, and the technical evolution of his photography.

Step Aboard the Superyacht Circling This Year’s Cannes Film Festival

Over the weekend of the Cannes Film Festival, director Ron Howard premiered his documentary *Avedon*, which traces photographer Richard Avedon's rise from a working-class Jewish immigrant background to a defining chronicler of American culture. The film received a second life aboard the Renaissance superyacht with a party hosted by editor Graydon Carter, Ancient chairman and CEO Alexander Klabin, and Burgess chief executive John Beckett. Guests included actors Natasha Lyonne and Rosemarie Dewitt, photographer Jean Pigozzi, model Eddie Mitsou, Avedon's grandchildren Michael, Matthew, and Caroline Avedon, and producers Courtney Kivowitz, Sara Bernstein, Darcie Reisler, Dallas Rexer, Chris St. John, and Justin Wilkes. The after-hours cocktail allowed attendees to relive the film's most impactful scenes while mingling with the producers and the photographer's family.