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Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

At Frieze New York With the Art-World Elite

Frieze New York 2026 opened at the Shed with 68 galleries from 26 countries, marking the fair's 15th year. The event drew art-world elite including curators, gallery owners, and advisers, with notable attendees such as Paulina Kolczynska, Jim Kelly, Larry Ossei-Mensah, and Ludlow Bailey. Latin American and African galleries had a strong presence, and conversations highlighted increased diversity and representation from the Global South. The fair is part of a broader art sprint that includes the Whitney and Venice Biennials, TEFAF, and the Independent Art Fair.