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Sotheby's London modern and contemporary evening sale brought in $85.7 million, down from $105 million last year, with highlights including a $10 million Tamara de Lempicka and a record $9.6 million auction result for Jenny Saville's drawing 'Mirror'. In other market news, a crowdfunding campaign raised over £100,000 to help Bristol Museum acquire a rediscovered J.M.W. Turner painting, and a Tiffany Studio window sold for $4.2 million at Christie's. Galleries announced new representation deals: James Cohan now represents Ranti Bam, Maruani Mercier represents Kate Gottgens, and Yancey Richardson represents Karen Gunderson; Ronchini gallery is moving to a new Mayfair location. Tate launched a £150 million endowment fund, the Louvre announced an international architectural competition to address overcrowding, the Uffizi imposed selfie restrictions after a tourist damaged a painting, the Cleveland Museum of Art acquired a rare Giambologna marble, and Italy's culture minister pledged support for the return of the Parthenon Marbles to Greece.

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Christie's, Sotheby's, and Bonhams held Old Masters auctions in London, with Christie's achieving a record £31.9 million ($43.7 million) sale for Canaletto's *Venice, the Return of the Bucintoro on Ascension Day* (circa 1732), more than half the sale's total of £60.8 million. The painting, once owned by Robert Walpole, set a new auction record for the artist. Sotheby's evening sale brought in £14.5 million, with J.M.W. Turner's rediscovered *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol* (1792) selling for £1.9 million, seven times its estimate. However, mid-market paintings struggled, and the Bristol Museum and Art Gallery failed to acquire the Turner despite fundraising £109,000.

King Charles Visited Tate Britain’s ‘Turner and Constable’ Show and Loved What He Saw

King Charles Visited Tate Britain’s ‘Turner and Constable’ Show and Loved What He Saw

King Charles visited the "Turner and Constable" exhibition at Tate Britain, expressing visible admiration for the works on display. He was particularly struck by J.M.W. Turner's early painting *The Rising Squall, Hot Wells*, which was recently rediscovered and sold at auction. The visit underscores the exhibition's popular success, having already attracted 185,000 visitors since opening last November.

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A rediscovered oil painting by J.M.W. Turner, titled *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, sold for £1.9 million ($2.6 million) at Sotheby’s Old Masters and 19th Century Paintings evening auction in London—more than six times its high estimate. The work, painted in 1792 when Turner was 17, had been misattributed and sold for just $506 at a Dreweatts auction the previous year. After cleaning revealed Turner’s signature, scholars confirmed its authenticity, and it was identified as Turner’s first publicly exhibited oil painting, exhibited at the Royal Academy in 1793. The winning bidder was a private collector in the U.K., outbidding Bristol Museum and Art Gallery, which had raised over £100,000 from donors in a failed attempt to acquire the work.

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Romania has secured a "long-term hold" on El Greco's painting *Saint Sebastian* (1610–1614), which was pulled from a Christie's New York Old Masters sale in February. The work is claimed by Romania as unlawfully taken from its national collection in 1947. The painting will remain at Christie's until legal proceedings resolve the dispute. Meanwhile, Italian sculptor Arnaldo Pomodoro died in Milan at age 98, and abstract painter Thornton Willis died in New York at 89. Other news includes a letter from National Gallery director Gabriele Finali defending the Rubens attribution of *Samson and Delilah*, Japan's curatorial appointments for the 2026 Venice Biennale, and a Bristol City Council fundraiser to acquire an early JMW Turner painting.

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One of J.M.W. Turner's earliest oil paintings, *The Rising Squall, Hot Wells, from St Vincent's Rock, Bristol*, painted when he was 17, will be auctioned at Sotheby's London with an estimate of £200,000–£300,000. The work had been misattributed for decades and sold last year at Dreweatts for just £600–£800 as a work by a follower of Julius Caesar Ibbetson, before cleaning revealed Turner's signature. The painting was originally exhibited at the Royal Academy in 1793 and had not been publicly displayed for 167 years.

Backed by an Expanding Collector Base, Old Masters Make a Quiet Comeback

Christie's London Classic Week generated a combined total of £60,844,240 ($83,660,830) between its Old Masters Evening Sale and The Exceptional Sale, led by a record-setting £31.9 million sale of a Canaletto masterpiece. The painting, once part of Sir Robert Walpole's collection, attracted five bidders from Asia, Europe, and North America. Sotheby's also saw strong results, with the two houses together achieving £58 million (excluding buyer's premium) in Old Masters evening auctions, a notable increase from 2024. Other highlights included Titian's Portrait of a nobleman, seated before a window selling for £3,428,000 and Jan Davidsz de Heem's still life achieving £3,670,000.

Turner painting bought last year for £500 sells for almost £2m at Sotheby's

At Sotheby's Old Master paintings evening sale in London on July 2, a Turner painting purchased last year for £500 sold for nearly £2 million, highlighting the sector's resilience. The auction achieved £11.5 million hammer total (£14.5m with fees), with 81% of lots sold, including a rediscovered 14th-century Byzantine icon that far exceeded estimates and three new artist records for Lorenzo di Credi, Corneille de Lyon, and others. The sale contrasted with Christie's previous evening's £46.2 million total driven by a record Canaletto.

UK city council launches £100,000 appeal to buy rediscovered Turner painting

Bristol City Council has launched a one-week public fundraising campaign to raise £100,000 toward purchasing a newly attributed J.M.W. Turner oil painting, *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, which is consigned to auction at Sotheby’s London on 2 July with an estimate of up to £300,000. The painting, made in 1792 when Turner was 17, was previously sold at Dreweatts Donnington Priory for £524.80 as a work by a follower of Julius Caesar Ibbetson. If acquired, the work would go on display at Bristol Museum and Art Gallery this summer and will also be included in the upcoming *Turner and Constable* exhibition at Tate Britain.

Newly attributed Turner painting, last sold for £500, goes under the hammer at Sotheby's with £300,000 estimate

A painting attributed to JMW Turner, titled *The Rising Squall, Hot Wells, from St Vincent’s Rock, Bristol*, is set to be auctioned at Sotheby’s London on 2 July with an estimate of £200,000–£300,000. The work was sold last year at Dreweatts Donnington Priory for just £524.80, then catalogued as a follower of Julius Caesar Ibbetson. After a collector purchased it and arranged restoration, Turner’s signature was uncovered, and leading Turner scholars unanimously endorsed the attribution. The painting, made in 1792 when Turner was 17, depicts Hot Wells House in Bristol and was exhibited at the Royal Academy in 1793.