The art market is gearing up for a high-stakes spring season with major estate collections from S.I. Newhouse and Robert Mnuchin slated for auction at Christie’s and Sotheby’s, collectively valued at over half a billion dollars. Meanwhile, London’s spring marquee sales showed strong momentum, with Christie’s and Sotheby’s reporting significant year-over-year increases in their evening sale totals, despite a more modest performance from Phillips.
Sotheby's has secured a major consignment of approximately $400 million in art from the collection of the late Leonard Lauder, who died in July at age 92. The highlight is Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), expected to fetch over $150 million, potentially shattering Klimt's auction record. The sale also includes two other Klimt landscapes, six bronzes by Henri Matisse, a $20 million Edvard Munch painting, and an Agnes Martin work, totaling 55 artworks. The auction will inaugurate Sotheby's new space in the former Whitney Museum building, designed by Marcel Breuer.
The Tate in London has acquired a full-length portrait by Joshua Reynolds of the 5th Earl of Carlisle (1748–1825) through the UK's Acceptance in Lieu scheme, which allows art to be transferred to the nation in place of inheritance tax. The painting, valued at $6.1 million (£4.7 million), was painted in 1769 and had hung at Castle Howard in North Yorkshire for over 200 years. It will remain on public display there but will also travel to other venues including Tate Britain.
Tokyo's museums have announced their 2026 exhibition schedules, featuring a diverse lineup of international and domestic shows. Highlights include 'YBA & Beyond: British Art in the 90s from the Tate Collection' at the National Art Center, a major retrospective of Hajime Sorayama at the Creative Museum Tokyo, and a solo exhibition of Lithuanian artist M. K. Čiurlionis, alongside shows by Picasso, Ron Mueck, Hiroshi Sugimoto, and Minami Tada.
Sotheby's held a day sale on Wednesday featuring 30 works from the collection of cosmetics heir Leonard Lauder, generating $3.84 million against an estimate of $2.22 million to $3.29 million. The sale followed a strong Tuesday auction led by a Gustav Klimt portrait from Lauder's collection that achieved the second-highest price ever for an artwork at auction. Standout results included works by Dorothea Rockburne, Elizabeth Murray, and Lyonel Feininger that far exceeded their estimates, while a Claes Oldenburg sculpture sold for $444,500, the top price of the day.
This article profiles five emerging artists who are transforming time-based media in 2025, focusing on Ayoung Kim and Meriem Bennani. Ayoung Kim, born in 1979 in Seoul, creates immersive works blending live-action footage, CGI, gaming technologies, and AI, with her piece "Delivery Dancer's Sphere" recently acquired by the Tate collection. Meriem Bennani, a Moroccan-born, Brooklyn-based artist, gained acclaim for her video installations and viral "2 Lizards" series, with works held by the Whitney Museum, MoMA, and Musée d'Art Moderne de la Ville de Paris.
The article highlights four art exhibitions to visit this summer across London, Kyoto, and Venice. In London, the Design Museum presents "Nigo: From Japan with Love," showcasing over 700 objects from the Japanese designer's three-decade career, including collaborations with Nike and Louis Vuitton. In Kyoto, the Kyoto City Kyocera Museum of Art hosts "YBA & Beyond: British art in the 1990s from the Tate Collection," featuring works by Damien Hirst, Tracey Emin, and other Young British Artists. At the Venice Biennale, Hong Kong artist Wallace Chan presents "Vessels of the Other World," a show of titanium sculptures inspired by sacred Catholic oils, curated by James Putman.
Sotheby's achieved a white-glove auction of Bing Crosby's personal collection in New York, selling all 100% of lots for $6.7 million against an estimate of $3.9–$6.3 million. Highlights included musical arrangements from Crosby's 1954 film *White Christmas* ($19,050), a Tiffany & Co cigarette box gifted by John F. Kennedy ($15,240), a Sheraton-style grand piano from *High Society* ($95,250), and a Fabergé sapphire mouse ($355,600). Top prices were led by paintings by Sir Alfred James Munnings ($1.2 million) and Charles Marion Russell.
Deux Hubert Robert de Madame Geoffrin offerts au musée par les Amis du Louvre
Two paintings by Hubert Robert, once owned by Madame Geoffrin, were acquired by the Musée du Louvre through a preemptive purchase at Christie’s Paris on March 25. The works sold for €1,950,000 hammer (€2,439,000 with fees) and are being donated to the museum by the Société des Amis du Louvre. The paintings, described as 18th-century snapshots, were part of the historic Veil-Picard collection and will undergo restoration before being displayed.
China's National Cultural Heritage Administration has mandated a comprehensive, item-by-item inventory of all state-run museum collections following a major scandal at the Nanjing Museum. The audit aims to verify that objects listed in official records physically exist in storage, a direct response to the discovery that donated national treasures, including a valuable Ming dynasty painting, were improperly transferred or sold into the private market over decades.