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Phillips Modern & Contemporary Sale Nets $115.2 M., With Strong Results for Women Artists

Phillips’ modern and contemporary art evening sale on Tuesday achieved $115.2 million against a presale estimate of $84.2 million, its highest since 2022. All 40 lots sold, with standout results for works by living artists like Joseph Yaeger, whose painting fetched $477,300 against a $60,000 estimate, and Anna Weyant, whose work sold for $980,400. Works by 20th-century female artists including Lee Bontecou, Olga de Amaral, and Helen Frankenthaler also exceeded expectations, with Bontecou’s pastel setting a record for a two-dimensional work by the artist at $4.3 million.

paint drippings art industry news may 12

This week's art industry roundup covers major auction activity, including Christie's $250 million sale of Barnes and Noble founder Len Riggio's collection, and Sotheby's postponement of an ancient Buddhist gemstone auction after criticism from academics and India's Ministry of Culture. Frieze New York, recently sold to Ari Emanuel, reported strong sales with a $3 million Jeff Koons sculpture at Gagosian, while Gagosian's TEFAF New York booth featuring Anna Weyant's jewelry-themed paintings sold out. Other news includes Céline Assimon's appointment as chief commercial officer at Bonhams, the Spring Break Art Show's return, and gallery representation changes.

met opera super duper exhibition

The Metropolitan Opera House is hosting an exhibition titled “Super Duper,” featuring 25 works by nearly as many contemporary artists, cartoonists, and provocateurs, including Roz Chast, Art Spiegelman, Maurizio Cattelan, and Rashid Johnson. The show, commissioned to coincide with the Met Opera's premiere of *The Amazing Adventures of Kavalier & Clay*, reimagines superheroes for the 21st century, moving away from capes and spandex toward more grounded, satirical, and human figures. Except for two works by Spiegelman, all pieces were created specifically for the exhibition, which spreads across the opera house's lobbies and foyers.

art market open door policy jeff magid

Jeff Magid, a New York, Los Angeles, and Mexico City–based art collector, plans to open Cuernavaca Tres, a public art foundation in Mexico City, in 2026. In an opinion piece for ARTnews, he argues that the current downturn in the art market—marked by declining sales and gallery closures—is not due to economic cycles or financialization, but rather a simple mismatch: there are more galleries, auctions, fairs, and artists than ever, while the number of buyers has not kept pace. Magid criticizes the luxury retail model adopted by many galleries, which prioritizes exclusivity and status signaling, and contends that this approach fails to attract enough new collectors to sustain the market.

tefaf new york 2025 sales report

TEFAF New York 2025 opened with 91 exhibitors, featuring a mix of blue-chip and emerging artists. Galleries reported sales including a €250,000 relief by Anne Imhof at Sprüth Magers, a $500,000 Sean Scully painting at Lisson Gallery, and multiple Ruth Asawa works at David Zwirner ranging from $50,000 to $2.8 million. Thaddaeus Ropac sold works by Daniel Richter for €840,000. The fair aims to attract younger buyers while maintaining its prestige, with fewer objects priced above $10 million than in previous years.

Behind Christie’s $1 B. Blockbuster Result, the Market Still Looks Uneven

Christie’s New York achieved over $1 billion in sales during a two-part evening auction, led by Jackson Pollock’s *Number 7A, 1948* which sold for $181.2 million. The sale, the first billion-dollar night since the Paul G. Allen collection in 2022, also saw records for other works and active bidding from a small group of buyers, including dealer Jeffrey Deitch. However, the blockbuster results mask a more cautious middle market, where works priced between $100,000 and $1 million remain slow to sell.

Sold-out Phillips auction in New York brings in $115.2m, more than double 2025 result

Phillips’s marquee spring auction in New York achieved a sold-out result, bringing in $91.73 million hammer ($115.2 million with fees), more than double the equivalent sale from a year ago. The top lot was Andy Warhol’s *Sixteen Jackies* (1964), which sold for $13.5 million ($16.2 million with fees), while a Jackson Pollock drip painting that had failed to sell in a previous auction found a buyer at $7.4 million. Fierce bidding occurred for contemporary works by artists with tightly controlled primary markets, such as Salman Toor, whose *Two Friends* (2020) surpassed its high estimate.

Megadealer Larry Gagosian Is the Subject of Unauthorized Documentary In the Works from Director Barry Avrich

Director Barry Avrich is producing an unauthorized documentary titled "Shadow Man: Inside The Secret World of Larry Gagosian" about the legendary art dealer. The film, confirmed by Avrich via email, promises to feature interviews with former employees and artists sharing insider stories about Gagosian's rise from selling posters on LA streets to running a global gallery empire with 18 locations. Avrich previously directed art-world documentaries including "Made You Look: A True Story About Fake Art" about the Knoedler & Co. forgery scandal and "Blurred Lines: Inside the Art World."

Phillips’ $115.2 Million Evening Sale Was a Testament to the Power of Pre-Planning and Priority Bidding

Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.

12 Collectors on the Artists, Shows, and Trends to Watch in 2026

Artsy spoke with 12 leading collectors about the artists, exhibitions, and trends they are most excited to follow in 2026. Highlights include the re-centering of women artists, the rise of South Asian and LGBTQ+ artists, and the impact of AI on gallery operations. Collectors point to major institutional milestones such as LACMA's new campus, the Guggenheim Abu Dhabi, the Venice Biennale, and Art Basel's expansion into Qatar, as well as specific shows like Claire Tabouret's stained-glass commission for Notre-Dame and the Frida Kahlo exhibition at the Museum of Fine Arts, Houston.

In the Studio With 33 of the Hottest Art Stars on the Planet

Vanity Fair profiles 33 emerging art stars who have broken into the upper echelon of the art world within the last five years, despite a contracting art market. The feature, written by Nate Freeman and photographed by Jeff Henrikson, highlights artists like Jadé Fadojutimi, Anna Weyant, and Chase Hall, whose work commands high prices and long waiting lists from top collectors. The selection was based on research including gallerist interviews, museum acquisitions, auction results, and dealer insights.

Amy Sherald Dresses As Her Own Award-Winning Painting for Met Gala

Amy Sherald attended the 2025 Met Gala dressed as the subject of her own award-winning painting, *Miss Everything (Unsuppressed Deliverance)* (2014). The work, which won the Outwin Boochever Prize at the National Portrait Gallery and appeared on a *New Yorker* cover, depicts a young girl holding an oversized teacup. Sherald collaborated with designer Thom Browne to recreate the painting's look, including a red fascinator, as part of the gala's theme “Fashion Is Art,” which also aligns with the Costume Institute's exhibition “Costume Art.” Sherald served on the gala's committee alongside artists Anna Weyant and Tschabalala Self.

gagosian rewrites art basel paris rulebook by bringing old master to modern and contemporary fair

Gagosian has secured special permission from Art Basel Paris to exhibit a rediscovered Old Master painting by Peter Paul Rubens, titled "The Virgin and Christ Child, with Saints Elizabeth and John the Baptist" (c. 1611–14), at a fair that typically restricts its main sector to works created between 1900 and 2025. The painting, last sold at Sotheby’s New York in 2020 for just over $7 million, will be shown alongside modern and contemporary works by artists such as John Currin, Jenny Saville, and Pablo Picasso. The exception was granted by Art Basel’s management and Selection Committee due to the work's exceptional quality and its resonance with the gallery's booth.

collectors queer art pride month

CULTURED revisits four collector questionnaires from Pride Month, featuring Rob and Eric Thomas-Suwall (the Icy Gays), Chad Leat, and Ilan Cohen. Each collector shares their personal journey, motivations, and the LGBTQ+ artists they champion, including Salman Toor, Dominique Fung, Anna Weyant, Roni Horn, John Giorno, Wolfgang Tillmans, Doron Langberg, Louis Fratino, and TM Davy. The article offers intimate glimpses into their homes and collections, highlighting how they discovered art, built relationships with dealers, and navigated collecting from remote or non-traditional locations.

Phillips Posts $115.2 Million ‘White Glove’ Sale, Big Gain Over Last Year

Phillips’s evening sale of modern and contemporary art on Tuesday achieved a 'white glove' result, selling all 41 lots for a total of $115.2 million with fees, near the $121.7 million top estimate. The sale marked a 119 percent increase over the same sale last year, driven by strong bidding on works by Salman Toor, Lee Bontecou, P.S. Krøyer, Joseph Yaeger, Helen Frankenthaler, Anna Weyant, and Pat Passlof. Two works were withdrawn before the sale, and about half of the lots had third-party guarantees. Despite some lots hammering below their low estimates, including works by Andy Warhol, Francis Picabia, Henri Matisse, and a Jackson Pollock at the center of a lawsuit, the overall result signals renewed market confidence.

See Some of the Most Outrageous, Stylish Looks at the 2026 Met Gala

The 2026 Met Gala raised $42 million for the Metropolitan Museum of Art's Costume Institute, surpassing last year's $31 million. The event, themed "Costume Art" with a dress code of "Fashion is Art," featured honorary chairs Jeff Bezos and Lauren Sánchez Bezos, whose involvement sparked protests. Co-chairs included Beyoncé, Nicole Kidman, Venus Williams, and Anna Wintour, with artists Anna Weyant, Tschabalala Self, and Amy Sherald on the host committee. The gala precedes the Costume Institute's spring exhibition, also titled "Costume Art," opening May 10.

hot girl feminism chloe wise ambera wellmann sasha gordon

A wave of paintings by women depicting women dominated New York galleries this fall, sparking a critical examination of contemporary feminist figuration. Artists like Emily Coan and Anna Weyant create images of idealized, often sexualized femininity, framing their work as a reclamation of beauty and personal expression.

anna weyant gagosian tefaf new york

Gagosian Gallery will present a new body of work by artist Anna Weyant at TEFAF New York, featuring intimately scaled paintings of jewelry rendered with trompe l’oeil precision. The booth, designed with lavender walls and pine-hued carpet, showcases pieces like "Pearl Earrings" (2025) and "Pearl Bracelet (Sold)" (2025), some with cheeky price tags and red dot stickers. Weyant, represented by Gagosian since 2022, has seen her market soar, with her auction record set at $1.6 million for "Falling Woman" (2020) at Sotheby’s in 2022.

art samsung frame tv cultured collection

Cultured magazine has partnered with Samsung to launch a "CULTURED Collection" on the Samsung Art Store, available exclusively to owners of Samsung's The Frame and QLED TVs. Starting in October, 60 artworks by contemporary artists including Adam Pendleton, Dominique Fung, Oscar yi Hou, Chris Martin, and Emma Webster will be displayed in the TV's art mode. A temporary pop-up gallery, the Samsung Art Store Gallery, will open to the public on Oct. 9–10 at 545 W 23rd St in New York, offering a preview of the collection.

How To Do New York Art Week 2025 Like An Insider

Sophia Penske, founder of Penske Projects and an art advisor at Gagosian Art Advisory, provides an insider guide to New York Art Week 2025, running May 5–12. She highlights three main fairs: Frieze New York at The Shed (May 7–11), Independent Art Fair at Spring Studios (May 8–11), and TEFAF. The guide includes notable artists to see—such as Daisuke Fukunaga at Tomio Koyama Gallery, Doron Langberg at Victoria Miro, Moka Lee at Carlos/Ishikawa, Julia Jo at Charles Moffett, Laura Footes at SHRINE, and Nicole Economides at Callirrhoe—along with nearby dining, spa, and gallery recommendations.

Fair Warning Bets Big on a Banksy That Could Realize $18 Million

Fair Warning, the members-only online sales platform founded by former Christie's rainmaker Loïc Gouzer, is staging a rare live auction on May 20 at Tiffany & Co.'s flagship store in New York. The centerpiece is Banksy's *Girl and Balloon on Found Landscape* (2012), a work from the artist's 'Crude Oils' series that has never been publicly exhibited. Consigned by a private collector, the painting carries an ambitious estimate of $13 million–$18 million, one of the highest ever for a Banksy. Gouzer argues that Banksy is among the most consequential artists of our time, comparing his trajectory to Jean-Michel Basquiat, and sees this sale as a landmark moment for the artist's market.

Beyoncé, Nicole Kidman and Venus Williams will co-chair 2026 Met Gala

The Metropolitan Museum of Art's Costume Institute has announced the co-chairs for the 2026 Met Gala, scheduled for May 4, 2026. Pop superstar Beyoncé, actor Nicole Kidman, tennis legend Venus Williams, and Vogue editor-in-chief Anna Wintour will serve as co-chairs of the annual benefit. The host committee includes fashion designer Anthony Vaccarello, actor Zoë Kravitz, and a roster of celebrities and artists such as Sabrina Carpenter, Doja Cat, and artist Anna Weyant. The gala will support the Costume Institute's exhibition "Costume Art" (May 10, 2026–January 10, 2027), which will inaugurate the new Condé M. Nast Galleries. The exhibition pairs 200 artworks from the Met's collection with 200 garments, exploring the relationship between the dressed body and Western art. Lauren Sánchez Bezos and Jeff Bezos are sponsoring the event.

KAWS | Untitled (KAWS X Mocad) (2019)

Bidding has concluded for KAWS's 2019 screenprint, *Untitled (KAWS X Mocad)*, a limited-edition work produced for the artist's solo exhibition "Alone Again" at the Museum of Contemporary Art Detroit. The work was offered through Palm Beach Modern Auctions, with detailed condition reports and terms available to prospective bidders.

The Whitney Museum Raised $6.3 Million Last Night

The Whitney Museum of American Art raised $6.3 million at its annual benefit gala on Tuesday night, honoring artist Julie Mehretu, Board Chair Fern Kaye Tessler, and Director Emeritus Adam D. Weinberg. The event drew a crowd of artists, actors, musicians, and arts leaders, with a performance by Grammy winner Shaggy and a seated dinner at the museum's downtown flagship.

Tim Blum will phase out traditional gallery model, close Los Angeles and Tokyo locations

Tim Blum, co-founder of the influential Los Angeles gallery Blum (formerly Blum & Poe), announced he will phase out the traditional gallery model, closing the gallery's permanent public spaces in Los Angeles and Tokyo. Blum cited burnout from the relentless demands of art fairs and gallery openings, emphasizing the decision is about the system, not the market. The gallery, which introduced American audiences to Japanese artists like Yoshitomo Nara and Takashi Murakami and gave early shows to Mark Grotjahn and Anna Weyant, will shift to a more flexible model involving collaborations and special projects. A previous New York space closed in 2023, and a Tribeca space's future remains undetermined.

lalanne hippopotame bar 31m sothebys record

François-Xavier Lalanne’s copper sculpture-bar 'Hippopotame Bar' sold for $31.4 million at Sotheby’s in New York, more than tripling its $7–10 million estimate after a 26-minute bidding war among seven bidders. The work, commissioned in 1976 by patron Anne Schlumberger and unique in its copper execution, set a new auction record for the artist and became the most expensive work of design ever sold at auction. The sale capped a year of strong performance for Lalanne’s hybrid animal-furniture works, which have consistently outperformed expectations even in a tougher art market.

Robust Sales at Sotheby’s, Phillips Suggest Art Market Upswing

The May 19 evening sales at Sotheby’s and Phillips generated a combined $419.1 million, signaling a potential recovery in the contemporary and modern art market. Sotheby’s brought in $303.9 million—60% more than the previous year—led by a record-breaking $48.4 million Matisse, while Phillips achieved $115.2 million, more than double its 2025 sales. Both auctions saw high sell-through rates, with 98% and 100% of lots sold respectively. Notable lots included a $42.6 million Picasso, a $29.4 million van Gogh drawing, and strong performances by female artists like Lee Bontecou, Joan Mitchell, and Helen Frankenthaler.

Tutto venduto e il doppio del ricavo rispetto all’anno scorso. A New York fa boom anche l’asta di Phillips

Phillips held its Modern & Contemporary Art Evening Sale in New York on May 19, 2026, achieving a complete sell-out with a total of $115.2 million. All 41 lots were sold, doubling the result from May 2025 ($52 million). Top lots included Andy Warhol's *Sixteen Jackies* ($16.2 million), Claude Monet's *La Route de Vétheuil, effet de neige* ($9.9 million), and Jackson Pollock's *Untitled* (1948) ($9.2 million). New auction records were set for Lee Bontecou, Pat Passlof, P.S. Krøyer, and Joseph Yaeger, while works by Salman Toor and Cecily Brown also sold above estimates.

What Is the 2026 Met Gala Exhibit “Costume Art” All About?

The Metropolitan Museum of Art's Costume Institute will unveil its 2026 exhibition, “Costume Art,” on May 4, 2026, coinciding with the Met Gala. Curated by Andrew Bolton, the show explores the relationship between fashion and the human body, juxtaposing garments like Rei Kawakubo's bulbous Comme des Garçons ensemble with artworks such as Hans Bellmer's “La Poupée” and Albrecht Dürer's “Adam and Eve.” Mannequins cast from real bodies and mirrored heads by artist Samar Hejazi will enhance the immersive experience. The exhibition runs from May 10, 2026, to January 10, 2027, in the new Condé M. Nast Galleries.

The Met Announces New Details for the 2026 Met Gala and Spring Costume Art Exhibition

The Metropolitan Museum of Art has unveiled details for its Spring 2026 Costume Institute exhibition, titled "Costume Art," and the accompanying Met Gala. Opening May 10, 2026, the exhibition will explore the relationship between the dressed body and art history by pairing garments with artworks from the museum's permanent collection. The event will also inaugurate the new 12,000-square-foot Condé M. Nast Galleries, designed by Peterson Rich Office, which are dedicated to fashion and cross-departmental displays.