hot lots and top flops 6 artworks that had shocking results at the marquee may auctions 2646787

Artnet News analyzed six standout lots from the marquee May auctions at Christie's and Phillips, highlighting both surprising successes and failures. Among the 'hot lots,' Mark Tansey's study for "The Enunciation" (1992–93) sold for $3.2 million at Christie's—over ten times its low estimate—while Henri Matisse's tiny portrait "Henriette, robe jaune" (1923) fetched $1.4 million, nearly quadrupling expectations. Firelei Báez's "Untitled" (2017) also soared, selling for $381,000 at Phillips, more than triple its high estimate. The article contrasts these with 'top flops,' though the provided text focuses on the successes.

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Tate Modern's upcoming exhibition "Frida: The Making of an Icon," opening in June, will feature only 36 works by Frida Kahlo, a significant drop from the 50-plus works shown in the museum's last major Kahlo exhibition in 2005. Curators cite the artist's soaring global popularity as a practical obstacle: her paintings have become scarcer, more valuable, and harder to borrow. A key example is Kahlo's 1940 painting "El sueño (La cama)," which sold at Sotheby's New York for $54.7 million last fall, setting a new auction record for a woman artist. Tate is still trying to secure that work for the show, but curator Tobias Ostrander says chances are slim. Notably, Madonna, who lent works in 2005, has declined to loan this time. The exhibition, which premieres at the Museum of Fine Arts Houston before traveling to London, will not be a traditional retrospective but will instead place Kahlo's work within a broader cultural context, including works by over 80 artists she influenced and a section examining "Fridamania" and the mass merchandising of her image.

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The estate of Robert Colescott, the influential American painter who died in 2009, has signed with Gladstone Gallery for representation. Gladstone will debut Colescott's work at Art Basel Miami Beach next month and mount its first solo exhibition for the artist in 2025. Colescott is best known for satirical, large-scale paintings like "George Washington Carver Crossing the Delaware: Page from an American History Textbook" (1975), which critiques the exclusion and caricaturing of Black figures in American history and art. The estate sought new representation after its longtime gallery, Blum, closed this summer. Gladstone senior partner Max Falkenstein said the gallery had long admired Colescott and that the partnership felt like a natural fit given the gallery's focus on identity and politics.

sothebys london to sell greatest collection of surrealism to emerge in recent history in september 1234744885

Sotheby's London will auction the collection of British socialite, collector, and arts patron Pauline Karpidas on September 17 and 18. Described as the 'greatest collection of Surrealism to emerge in recent history,' it includes masterpieces by René Magritte, Salvador Dalí, Leonora Carrington, and Max Ernst, along with works by Andy Warhol, Pablo Picasso, and others. The sale is expected to fetch £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's in Europe. Karpidas, who began collecting 50 years ago after meeting gallerist Alexander Iolas, views herself as a 'temporary custodian' for the artworks.

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A four-minute bidding war erupted at Christie’s 20th-century evening sale in New York on November 17 over John Singer Sargent’s watercolor *Gondolier’s Siesta* (1902–03). The work sold for $7.4 million with fees, more than double its $3 million high estimate, setting a new auction record for a work on paper by the artist. Another Sargent painting, *Capri* (1878), also performed strongly in the same sale, fetching $11.5 million with fees.

irans art market proving resilient andy warhol foundation names arts writers grant recipients and more morning links for december 4 2025 1234765016

Iran's domestic art market is proving resilient despite severe sanctions and economic hardship. In October 2025, Tehran Auction held a million-dollar sale at the Azadi Hotel in Tehran, totaling 134 trillion toman (roughly $1.5 million), featuring 120 works by leading modern and contemporary Iranian artists. The event, reported by The Art Newspaper, contrasts sharply with weak results for Iranian art at Sotheby’s and Christie’s in London, where Western demand has declined. Tehran Auction founder Ali Reza Sami-Azar notes that real domestic art spending continues to rise as more Iranians invest in art amid soaring inflation and currency collapse.

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The Aspen Art Museum is undergoing a strategic shift under director Nicola Lees, moving away from its reputation as a collector's clubhouse toward becoming a global institution. The museum's annual ArtCrush gala and fundraiser week, once centered on wealth-displaying collector home visits and glitzy parties, now emphasizes intellectual programming like the inaugural AIR festival, a $20 million artist-led interdisciplinary initiative featuring talks by Werner Herzog and Hans Ulrich Obrist. This change comes amid soaring local real estate prices, including a $108 million home co-purchased by Steve Wynn and Thomas Peterffy, and contrasts the area's deep pockets with the museum's free admission since 2008.

Teresinha Soares, Brazilian Artist Behind Erotic-Inflected Works That Slyly Defied Taboos, Dies at 99

Teresinha Soares, a pioneering Brazilian artist known for her bold, erotic-inflected paintings and installations that challenged societal taboos and gender conventions, died on March 31 in Belo Horizonte at age 99. Her career, though concentrated between 1965 and 1976, was defined by works featuring pared-down, full-figured female silhouettes in vibrant colors that directly addressed women's sexuality and oppression.

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A rediscovered painting by Baroque master Artemisia Gentileschi, titled 'Lucretia,' sold for €4.8 million ($5.28 million) at an Artcurial auction in Paris, shattering the artist's previous auction record. The price soared to six times its high estimate, reflecting intense market competition for the rare work.

Art Transport Hobbled and Prices Surging in Asia Amid US and Israel’s War in Iran

The ongoing conflict involving the United States, Israel, and Iran has severely disrupted the global art logistics network, particularly in Asia. A report in the Art Newspaper details soaring costs and shipping delays, with international air freight for fine art spiking up to 300% due to increased oil prices. Some exhibitions, like a Per Kirkeby show in China, have opened with fewer works, and shipments for Art Basel Hong Kong were stuck at sea for over a month. Shippers are now considering alternative routes, such as the China-Europe Railway Express, to mitigate delays and costs.

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Christie’s 21st-century evening sale on Wednesday set new auction records for women artists Firelei Báez, Joan Brown, and Olga de Amaral. Báez’s painting *Untitled (Colonization in America, Visual History Wall Map, Prepared by Civic Education Service)* (2021) sold for $1,111,250; Brown’s *After the Alcatraz Swim #2* achieved $596,900; and Amaral’s *Pueblo H* (2011) soared to $3,125,000—more than double her previous record. The sale also set records for a neon/sculptural work by Glenn Ligon and a three-dimensional work by Richard Prince.

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Metallica guitarist Kirk Hammett is auctioning Frank Frazetta's painting *Conan the Berserker* (1967), which he purchased directly from the artist for $1 million in 2009. The work, originally used as cover art for a paperback edition of Robert E. Howard's novel *Conan the Conqueror*, will be offered in Heritage Auctions' “Hollywood/Entertainment Signature Auction” on December 9–10, with bidding starting at $10 million. The sale follows a record-breaking Frazetta auction in September, when his oil painting *Man Ape* (1966) sold for $13.5 million.

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Roberta Smith, the former New York Times co-chief art critic, interviews Larry Gagosian, the world's most famous art dealer, for Numero magazine. The conversation covers Gagosian's hands-on management of his 18 galleries, his admission of mistakes in closing locations in San Francisco and Geneva, and his view of his galleries as tryout spaces akin to off-Broadway. Gagosian shares anecdotes about his first Picasso purchase at Sotheby's for $900,000 (now worth $40 million), his early shows featuring David Salle and Warhol's Oxidation paintings, and his regret over selling Eli Broad's Basquiat skull painting for $80,000. Smith recalls attending Gagosian's first New York show in the 1970s, and the two reflect on their long, distant acquaintance.

Claude Lalanne Mirror Ensemble Sells for $33.5 M., Breaking Design Auction Records

A custom ensemble of 15 mirrors by Claude Lalanne sold for $33.5 million at Sotheby's New York, shattering the artist's previous auction record and setting a new global benchmark for the most expensive design work ever sold at auction. The piece, commissioned in 1974 for Yves Saint Laurent and Pierre Bergé's Paris home, far exceeded its $10-15 million estimate.

The Royal Academy’s Kiefer-Van Gogh show offers a soaring spectacle

The Royal Academy of Arts in London is hosting "Kiefer/Van Gogh" (28 June–26 October), a focused exhibition pairing Anselm Kiefer's monumental multimedia works with Vincent van Gogh's paintings and drawings. The show, curated by Julien Domercq, features seven huge Kiefer pieces including the 8.4m-wide "The Starry Night" (2019) and a single sculpture, alongside 11 Van Gogh works—five on loan from the Van Gogh Museum. It previously ran at the Van Gogh Museum in Amsterdam, where it drew 340,000 visitors. The London iteration is smaller but includes different works, with a central room dedicated to Van Gogh's pieces spanning his career.

defaults on art loans soar impact of australias social media ban on museums writer takes aim at singapore biennial morning link for january 6 2025 1234768881

The Financial Times reports that half of non-bank lenders offering loans against artworks experienced defaults in 2024, up from 17% two years earlier, according to the Art and Finance Report 2025 by Deloitte Private and ArtTactic. The art market has shrunk 12% to $57.5 billion since 2022, dragging down collateral values and triggering margin calls. Meanwhile, Australia's social media ban for under-16s raises questions for museums, with the Art Gallery of New South Wales noting minimal impact but the Museum of Contemporary Art Australia more reliant on youth engagement. Other news includes Vanessa Horabuena's speed-painted Jesus sold for $2.75 million at Mar-a-Lago, the cancellation of NFT Paris and RWA Paris 2026, and a critical column calling for the end of the Singapore Biennial.

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Frank Frazetta's iconic painting *Conan the Berserker* (1967) is being auctioned at Heritage Auctions with an opening bid of $10 million. The work, originally created for the cover of the 1967 paperback *Conan the Conqueror*, has become one of the definitive images of the fantasy hero. This year alone, five Frazetta paintings have sold for over $1 million, including *Man Ape* (1966) which fetched $13.5 million in September. The artist's total sales volume was just $674,640 in 2018, according to the Artnet Price Database.

indian modernist tyeb mehtas market is soaring how high will it go 2663199

Tyeb Mehta's auction market has surged in 2025, with two record-breaking sales in April alone. Saffronart sold his 1956 painting *Trussed Bull* for $7.2 million, the highest price ever for the artist, followed by AstaGuru's sale of *Untitled (Diagonal)* (1973) for $6.8 million. Mehta produced only around 200 canvases in his lifetime, and most key works are held by institutions and private collectors, making major acquisitions rare and competitive. The article analyzes his market performance, including a 100% sell-through rate across seven lots in 2025, totaling $15.3 million.

These Artists Dominated Auction Sales in 2025

The article presents a data-driven analysis of the top-performing artists at auction in 2025, highlighting specific works and their record-breaking sales. J.M.W. Turner re-entered the top ranks with a $11.9 million sale, while Jean-Michel Basquiat dominated the contemporary category with a $48.3 million result for his painting 'Crowns (Peso Neto)'. Other notable sales included works by René Magritte, David Hockney, and the ultra-contemporary artist Matthew Wong.

Why St. Louis Is A World-Class Art Destination

The Saint Louis Art Museum (SLAM) is presenting "Anselm Kiefer: Becoming the Sea," a landmark exhibition featuring new, large-scale paintings and sculptures by the renowned German artist. The works, including 30-foot-tall paintings like "Missouri, Mississippi" (2024) and "Lumpeguin, Cigwe, Animiki" (2025), were created specifically for SLAM's soaring Sculpture Hall after Kiefer revisited St. Louis in 2023. The exhibition draws on Kiefer's 1991 visit to the city, where he was deeply impressed by the Mississippi and Missouri rivers, and brings together themes of rivers, borders, memory, and cultural metaphor.

Asian painters were ‘othered’ in Paris a century ago. Now, the art world is taking note

A new exhibition at Singapore's National Gallery, "City of Others: Asian Artists in Paris, 1920s-1940s," highlights the experiences of Asian painters who worked in Paris during the interwar period. These artists, including Le Pho, Sanyu, Tsuguharu Foujita, Liu Kang, and Georgette Chen, faced marginalization and exoticized expectations from European critics, who dismissed their work as either not "Asian" enough or insufficiently Western. Despite these challenges, they produced significant bodies of work blending Eastern and Western traditions.

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Indian officials have released a charge sheet in an ongoing investigation into the sale of forged paintings attributed to major modern Indian artists M. F. Husain, S. H. Raza, Manjit Bawa, and F. N. Souza. The alleged scheme involved a poor farmer, Raghavendra Parmar, who posed as a maharaja to sell fake works, aided by lawyer Vishwang Desai, who presented himself as a collector to persuade investment banker Puneet Bhatia to purchase the pieces. The paintings, collectively valued at around ₹17.9 crore ($2 million), were allegedly funneled through Mumbai's Rare Art Gallery, run by Rajesh Rajpal, and the related firm Art India International. A former IAS officer, Subroto Banerjee, is also implicated but denies involvement.

Jack Kerouac’s Fabled ‘On the Road’ Scroll Sells for Record-Smashing $12.1 Million

Jack Kerouac's original 120-foot scroll manuscript for 'On the Road' sold for $12.1 million at Christie's, setting a record for a literary manuscript. The scroll, part of the late Indianapolis Colts owner Jim Irsay's collection, was purchased by country singer-songwriter Zach Bryan, who plans to create a Jack Kerouac Center in Lowell, Massachusetts.

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A recently rediscovered painting by Baroque artist Artemisia Gentileschi sold for €865,000 ($1.19 million) at a Sotheby's Paris auction, shattering the artist's previous auction record set in 1998. The work, which had been hidden for over 80 years in southern France, fetched nearly three times its presale estimate after being identified by Sotheby's Old Master department.

Opening of Berlin Modern postponed to 2030

L’ouverture du Berlin Modern repoussée à 2030

The opening of the Berlin Modern museum has been delayed to 2030 due to construction setbacks and cost overruns. According to German media outlet Monopol, the project has been plagued by humidity issues, including mold, algae, and bacteria on new surfaces, caused by winter dampness, concrete sensitivity, and faulty ventilation. Originally launched in 2019 with a planned opening in mid-2020, the museum's completion has been repeatedly pushed back, with costs soaring from an initial €200 million to over €500 million, making it the most expensive museum ever built in Germany. The building, designed by Swiss firm Herzog & de Meuron, is located at the Kulturforum and will house 20th-century art collections from the Nationalgalerie, the Marx Collection, the Pietzsch Collection, and holdings from the Kupferstichkabinett and the Kunstbibliothek.

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The U.K. Crown Prosecution Service has charged Hauser & Wirth and an art shipping firm with violating criminal sanctions by making George Condo's 2021 work on paper, *Escape from Humanity*, available to a person connected to Russia in 2022. Separately, Frida Kahlo's 1940 painting *El sueño (La cama)*, estimated at $40–60 million, will be auctioned at Sotheby's on November 20, potentially yielding a 78,400 percent return for its consignor. Qatar is also planning the first duty-free art storage unit in the Gulf.

A historic section of the Eiffel Tower's original staircase is set to go up for auction

Un tronçon historique de l’escalier d’origine de la tour Eiffel s’apprête à s’envoler aux enchères

The auction house Artcurial is set to auction a 2.75-meter-tall section of the original spiral staircase from the Eiffel Tower on May 21. This specific segment, consisting of fourteen riveted steel steps, was part of the structure connecting the second and third floors until it was dismantled in 1983 to make way for modern elevators. Estimated between €120,000 and €150,000, the piece holds significant historical value as it is the inaugural 'Lot No. 1' from the original 1983 dispersal sale.

A New York si è svolta un’asta di oggetti di design con risultati clamorosi (specchi da 30 milioni e altro ancora)

On April 22, 2026, Sotheby's in New York auctioned the first part of the Jean and Terry de Gunzburg collection, comprising around 125 exceptional design and contemporary art pieces. The sale, held at the Breuer Building, achieved a complete sell-out and became the most valuable design auction ever in the United States, totaling $96 million. A highlight was a new auction record for Claude Lalanne: a set of fifteen mirrors originally commissioned by Yves Saint Laurent sold for over $30 million, surpassing the previous record set by her husband François-Xavier Lalanne's Hippopotame Bar.

In tough times for dealers, Art Basel debuts a section for new works

Art Basel is introducing a new section called Premiere at its upcoming fair, designed for galleries to present works created within the last five years by up to three artists, organized around a loose curatorial concept. The inaugural section features ten exhibitors, mostly smaller to mid-sized galleries showing mid-career artists, with prices ranging from €5,000 to $85,000. The section is priced at SFr22,000 for a 32 sq. m stand, cheaper than the main section but more expensive than the emerging-artist-focused Statements section, which can be financially risky for dealers.

Dispatch: Beijing

The article reports on a series of significant shifts in Beijing's art world since 2024. UCCA Center for Contemporary Art faced financial troubles; its director and CEO Philip Tinari ended his 14-year tenure to lead Hong Kong's Tai Kwun. Taikang Art Museum also disclosed leadership changes. Smaller venues like DRC NO. 12 and fRUITYSPACE closed due to lease issues. Independent publishing faces sharp restrictions, and art book fairs are being replaced by cultural-lifestyle merchandise events. Official figures show Beijing lost over a million young residents since 2020 due to soaring living costs and tightening regulations.