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Marian Goodman’s Gerhard Richters Total $78.8 Million in $162.7 Million Christie’s Sale

Christie’s 21st-century evening sale in New York on Wednesday achieved $162.7 million, its highest total in the category since 2021. The sale featured eight works from the collection of the late dealer Marian Goodman by Gerhard Richter, which together sold for $78.8 million, nearly half the evening’s haul. Richter’s photorealistic candle painting *Kerze (Candle)* (1982) hammered at $30 million, below its $35 million low estimate, but still set a new auction record for the series. Other Richters performed strongly, with six of seven exceeding high estimates, including *Mohn (Poppy)* (1995) at $20.1 million. A modest Basquiat work on paper, *Asbestos*, sold for $6.54 million, and one lot by Ed Ruscha was bought in.

Christie’s $1.1 Billion Night Signals a Stunning Rebound for the Art Market

Christie’s achieved $1.1 billion in sales during a single evening auction on Monday, marking a dramatic rebound from the previous year when the three major New York auction houses combined sold that amount over the entire May season. The sale featured trophy works from the collections of S.I. Newhouse and Agnes Gund, with Jackson Pollock’s *Number 7A (1948)* selling for $181.2 million and Mark Rothko’s *No. 15 (Two Greens and Red Stripe)* fetching $98.4 million. Despite the strong overall results, seven of the 16 works in the Newhouse sale hammered below their low estimates, and Constantin Brancusi’s *Danaïde* failed to reach its $100 million estimate, indicating price resistance even for top-tier art.

Rare ‘Ocean Dream’ Diamond Sells for Record $17.3 Million at Christie’s

A rare 5.5-carat blue-green diamond known as the 'Ocean Dream' sold for $17.3 million at Christie’s Geneva jewelry sale, setting a record for a fancy vivid blue-green diamond at auction. The sale far exceeded its presale estimate of $9 million to $13 million after a 20-minute bidding battle. In other auction news, Sotheby’s New York sold over $433 million worth of art in its contemporary art sales, including 11 pieces from the Robert Mnuchin collection. Meanwhile, London’s Wellcome Collection agreed to return around 2,000 sacred Jain manuscripts to the Jain religious community under a new restitution framework, acknowledging they were acquired unethically. Several art fairs were announced, including Zero 10 curated by Trevor Paglen at Art Basel in Switzerland, CAN Art Fair Ibiza’s fifth edition, and Art-o-rama’s 20th edition in Marseille. Notable gallery news includes the bankruptcy and closure of French gallery Air de Paris after 36 years, and Carine Karam becoming director of Opera Gallery’s New York outpost. Hong Kong’s M+ and Paris’s Centre Pompidou announced a multi-year strategic alliance, and New York’s Frick Collection entered a three-year partnership with Louis Vuitton.

How JR Transformed Paris’s Oldest Bridge Into a Massive Grotto

French artist JR has transformed Paris's Pont Neuf, the city's oldest bridge, into a massive inflatable grotto titled *La Caverne du Pont Neuf* (2026). The installation measures 120 meters long, 20 meters wide, and up to 18 meters tall, and will be open to the public from June 6 to June 28. It incorporates sound design by Thomas Bangalter of Daft Punk, augmented reality via Snap Inc., and a Bloomberg Connect guide. Over 800 people helped realize the project, which was fabricated from 18,900 square meters of fabric and 20,000 cubic meters of pressurized air by French firm Air Toiles Concept. The work concludes a five-year series of large-scale trompe l'oeil pieces by JR and pays homage to Christo and Jeanne-Claude's *The Pont Neuf Wrapped, Paris* (1975–85), with the blessing of their foundation.

Eyes Wide Open! Kenny Schachter Dishes on Delinquent Dealers, Secret Deals, and That Other ‘Salvator Mundi’

Kenny Schachter offers a sardonic, first-person account of the spring 2025 art season in New York, weaving together observations from auctions, art fairs, and gallery openings. He notes brisk business at Sotheby's and Phillips, citing specific sales like James Ensor's tiny "Still life with Stingray" ($140,800) and Georgia O'Keeffe's double-sided "Maple Leaves and Flowering Cactus" ($1.68 million). Schachter also recounts his experience at Larry Gagosian's new Madison Avenue gallery, where security guards outnumbered the artworks, and reflects on the broader economic climate, including a tax lawyer moonlighting as a 3-D printer for his own sculpture project. He contrasts the wealthiest collectors—one driving a Lamborghini but staying at a Holiday Inn Express—with dealers wearing grim faces at TEFAF, painting a picture of a bifurcated art economy.

Tracey Emin, Katharina Grosse, and More Rally to Raise $2.7 Million for South London Gallery

Christie’s is partnering with the South London Gallery (SLG) on a special selling exhibition featuring works donated by 28 artists, including Tracey Emin, Frank Bowling, Katharina Grosse, Alvaro Barrington, and Ryan Gander. The exhibition is part of SLG’s “SLG Forever” fundraising campaign, which aims to raise £2 million ($2.7 million) to renovate the gallery’s historic Victorian building and support its outreach programs. The show will be open to the public at Christie’s London from June 5–25, with extended hours during London Gallery Weekend, and will continue online until September 30.

Consignors Revealed: The Mystery Sellers Behind the $1.8 Billion May Auctions

Sotheby's kicked off the May auction season with a $433 million sale, including an 11-lot group from the estate of late dealer Bob Mnuchin, led by an $86 million Mark Rothko painting. The three major auction houses are offering $1.8 billion worth of art by low estimate, a 50% increase from last year, driven by consignments from estates of key figures like Mnuchin, philanthropist Agnes Gund, and dealer Marian Goodman. Christie's will stage a sale from publisher S.I. Newhouse's collection expected to bring $450 million, potentially setting records for Jackson Pollock and Constantin Brancusi. The article reveals that many top sellers are anonymous, but unmasked names include the Dennison family and French collector John Sayegh-Belchatowski.

Pace Gallery Lands Brancusi Estate on Eve of Potential $100 Million Sale

Pace Gallery has secured global representation of the Constantin Brancusi Estate, announcing plans for a London exhibition this fall curated by art historian Jérôme Neutres. The news coincides with the auction of Brancusi's 1917 sculpture *Danaïde* at Christie's New York, estimated at $100 million, from the collection of late media mogul S.I. Newhouse. The estate was previously represented by Kasmin gallery, which closed last year. Pace's CEO Marc Glimcher emphasized the gallery's investment in modernist expertise and its ambition to become a market center for Brancusi works.

Elle Pérez Envisions New Residency Built on Family Legacy

Artist Elle Pérez is raising $100,000 to buy out relatives from a family home in Cabo Rojo, Puerto Rico, that has been in their family since the 1920s, with the goal of transforming it into an artist residency called Casa Pérez. To fund the project, Pérez is selling a portfolio of chromogenic studio prints for $1,795 each, produced in collaboration with the cultural office Public Relations. The artist’s work, known for intimate portraits and scenes of underground music, has been featured in the Whitney Biennial and solo exhibitions at the Baltimore Museum of Art and Carnegie Museum of Art.

Jumper Maybach Turns Abstraction Into Emotional Space

American artist Jumper Maybach, known for his abstract expressionist paintings, debuted a new suite of works titled "Radiant Spaces" at the inaugural Salt Lake Art Show in 2026. The series explores themes of emotional energy, human resilience, and healing, using layered textures and color fields to create immersive experiences. Maybach has also created site-specific installations in architecturally significant buildings, including the 1900K building in Washington, D.C., and continues to blur the lines between fine art, installation, and luxury design.

Sotheby’s Buoyant $303.4 Million Modern Art Evening Sale: By the Numbers

Sotheby’s modern art evening sale on Tuesday night generated $303.4 million, with a 97.6% sell-through rate and a hammer total of $256.5 million. The top lot was Henri Matisse’s *La Chaise Lorraine* (circa 1919), which sold for $48.4 million after a prolonged bidding war. The house withdrew three lots before the sale to improve optics, and 85% of the lots were guaranteed, mostly by third parties. Asian collectors were active at seven-figure price points, contrasting with sparse high-end bidding at Christie’s the previous night.

Louvre Reveals Architects for $1 Billion Expansion

The Louvre has announced an international team of architects—New York's Selldorf Architects and Studios Architecture Paris—to lead its "Nouvelle Renaissance" expansion, a project estimated to cost over €1 billion ($1.2 billion). The plan, first announced by French President Emmanuel Macron in early 2025, includes a new entrance to accommodate three million additional visitors annually and a dedicated 33,000-square-foot exhibition space for Leonardo da Vinci's *Mona Lisa*. The museum's new director, Christophe Leribault, is moving forward with the project despite significant budget uncertainty, with cost estimates ranging from €270 million to €1.1 billion.

How Janette Beckman Captured Music History in Real Time

A new exhibition at Seattle's Museum of Pop Culture (MoPOP) titled 'Rebels + Icons: The Photography of Janette Beckman' showcases over 500 images by British photographer Janette Beckman, spanning four decades. The show features her early, pre-fame portraits of music and cultural icons including Public Enemy, Joe Strummer, Keith Haring, Salt-N-Pepa, and John Lydon, captured at the dawn of punk and hip-hop movements. Beckman, who began her career photographing unknown punk bands for Melody Maker, also documented the first hip-hop show in London in 1982, capturing figures like Fab 5 Freddy and Afrika Bambaataa before they became legends. The retrospective includes her fashion work and street photography, highlighting her ability to gain trust quickly with subjects.

The New York Fairs Are Done. What Remains?

The article reflects on the conclusion of New York's spring art fair season, highlighting TEFAF New York at the Park Avenue Armory and the Independent Art Fair, which relocated to Pier 36. It notes the ongoing Focus fair for emerging Asian art and spotlights specific artists, including Taiwanese painter Tseng Chien-Ying at Kiang Malingue's booth and Frank Gaard at Post Times, describing their works and the fair's atmosphere of discovery.

Waddington’s Spring Sale Spotlights Canadian Masters

Toronto-based auction house Waddington's will hold its Major Spring Sale on May 28, 2026, marking its 176th anniversary. The sale comprises three sessions: Canadian & International Fine Art, First Nations Art, and Inuit Art. Highlights include works by Lawren Stewart Harris (Lake Superior Sketch, VI, est. $700,000–$800,000 CAD), David Brown Milne (Heavy Forms, 1913, est. $80,000–$120,000), Rudolf Ernst (Finishing Touches, est. $100,000–$150,000 CAD), Emily Carr (Somewhere, ca. 1942, est. $350,000–$450,000), and Norval Morrisseau (Young Shaman with Powers, 1978, est. $100,000–$150,000 CAD). The sale spans diverse periods and mediums, with a focus on Canadian masters and Indigenous art.

John Chamberlain’s Former Studio Hosts a Star-Studded New Interview Series

The John Chamberlain Estate is launching "ON THE COUCH," a biweekly filmed interview series hosted by estate director Alexandra Fairweather, timed to what would have been the sculptor's 100th birthday. Season one features eight cultural figures including artist Daniel Arsham, architect Annabelle Selldorf, fashion designer Alexander Wang, interior designer Sasha Bikoff, entrepreneur Jon Gray, and painter David Salle. Episodes will be filmed at Chamberlain's former studio on Shelter Island, now a private museum, with guests seated on his iconic foam couches. The series launches May 19 across major streaming platforms.

Christie’s Posts ‘Rock Solid’ Contemporary Sale, Led by Marian Goodman’s Gerhard Richters

Christie’s 21st-century evening auction in New York on May 20 brought in $162.7 million, a 69 percent increase from the same sale last year and the house’s highest New York evening total in the category since 2021. The sale featured 42 lots, including a single-owner collection of Minimalist works owned by Henry S. McNeil Jr. and eight Gerhard Richter works from the collection of the late gallerist Marian Goodman. The top lot was Richter’s photorealistic painting *Kerze (Candle)* (1982), which sold for $35.1 million, falling short of its $50 million high estimate. Other notable results included a Donald Judd Plexiglas stack that sold for $12.8 million and works by Richard Artschwager and Carl Andre that far exceeded their low estimates.

Robert Mnuchin’s Storied Art Gallery Townhouse Lists for $35 Million

The six-story, 17,600-square-foot Upper East Side townhouse that housed Robert Mnuchin's blue-chip gallery for over three decades has been listed for $35 million. Mnuchin and his second wife Adriana bought the 106-year-old property in 1983, and after an 18-month renovation, they lived there for 12 years before the gallery occupied the space from 1992 until Mnuchin's death in 2024. The gallery hosted major shows for artists including Willem de Kooning, Jeff Koons, Ed Clark, and Mary Lovelace O'Neal. The listing comes just months after the announcement that Mnuchin Gallery would close, and four months after Sotheby's sold $166.3 million worth of art from Mnuchin's collection.

Studio 54 Fine Art Is Betting on a More Nimble Gallery Model

Studio 54 Fine Art, founded and directed by Gary Williamson, is pioneering a nimble gallery model without a permanent brick-and-mortar space, instead meeting collectors through rotating physical exhibitions and behind-the-scenes matchmaking. The gallery is currently presenting the exhibition “Empire of Silence: The Untamed Majesty of Rowan Blackwell” in Switzerland, featuring large-scale photographs of wild animals by artist Rowan Blackwell, on view through August 31. Williamson, who transitioned from luxury goods and property investment to founding the gallery in Milan in 2016, emphasizes a focus on quality, provenance, and long-term value, with a roster of artists selected for technical mastery and distinctive vision.

Emerging Zambian Artists Take the Spotlight at Imvelo Studios

Imvelo Studios, a Zambian gallery, has opened a group exhibition titled "Rise and Shine" featuring emerging Zambian artists across diverse mediums, including painting, sculpture, and printmaking. Curated by gallery founder Ng’onga Silupya, the show highlights artists such as Jeremiah Ludaka, Boyd Bishonga, Kaluba B. Chilawa, Hassan Yasini, Clare Chilemu, and Hezroth Simanda, whose works employ abstraction, Neo-Expressionism, and traditional techniques to explore themes of youth, cultural identity, and social commentary.

Horst Antes at 90: Major Shows Celebrate German New Figuration Pioneer

German artist Horst Antes, born in 1936, is being celebrated with two major exhibitions timed to his 90th birthday. Galerie Koch in Hannover presents a solo show titled “Horst Antes: Exhibition Marking the Artist’s 90th Birthday,” while the Sprengel Museum Hannover concurrently mounts “A Collection,” featuring roughly 80 works from its holdings. The shows highlight Antes’s pioneering role in New Figuration, particularly his iconic “Kopffüßler” (Head-Footer) character, which appears across paintings, sculptures, and works on paper from 1969 to 2014. The Galerie Koch exhibition also foregrounds his “House Pictures,” which explore architecture through non-hierarchical color planes and ambiguous perspective.

A $433 Million Boost for the Market

Sotheby's May 2026 auctions in New York generated $433.1 million in sales over under three hours, a 132.7 percent increase compared to the same period last spring, despite offering fewer lots. This strong performance signals a top-heavy recovery in the art market after three years of contraction. Separately, the Neue Galerie will merge with the Metropolitan Museum of Art in 2028, and Art Dubai continues despite disruptions from the U.S.-Iran war.

Andy Warhol’s Patek Philippe Poised for $400,000 Sale—and Other Hot Finds on the Market

Christie's will auction a Patek Philippe Calatrava Ref. 570 watch formerly owned by Andy Warhol on June 12, with an estimate of $200,000–$400,000. The timepiece, double-signed by retailer Hausmann & Co., was first sold in Sotheby's 1988 sell-off of Warhol's estate and later resold at Christie's in 2021 for $150,000. The article also highlights other market offerings, including a collection of John Keats letters estimated at $1.5–$2.5 million at Sotheby's, celebrity-painted garden gnomes for a Chelsea Flower Show charity sale, and spy-themed memorabilia at Bonhams.

How Is Arts Patronage Changing?

At TEFAF New York, Artnet News editor Andrew Russeth moderated a panel titled “Who Supports Art Now? Patronage in a Shifting Cultural Landscape” featuring two prominent figures in American arts philanthropy: Sarah Arison and Michi Jigarjian. Arison, who became the youngest president of the Museum of Modern Art’s board in 2024 at age 39, also leads the Arison Arts Foundation and chairs YoungArts. Jigarjian, CEO of Work of Art Holdings and a partner at 7G Group, has led Baxter St at CCNY for 15 years and serves on the boards of the Brooklyn Museum and MoMA PS1. The discussion took place during fair week in mid-May at the Park Avenue Armory.

The New Costume Institute Show Gets Under the Skin

The Costume Institute at the Metropolitan Museum of Art has opened its 2026 spring exhibition, “Costume Art,” which explores the relationship between clothing and the human body through pairings of couture with artworks spanning 5,000 years. Curated by Andrew Bolton, the show is divided into thematic chapters such as “Nude Body,” “Disabled Body,” “Aging Body,” and “Anatomical Body,” featuring pieces from designers like Dior, John Galliano for Maison Margiela, and Renata Buzzo alongside historical artifacts and contemporary art.

Chanel Expands Support for Centre Pompidou Amid $535 Million Renovation

Chanel has announced a new five-year partnership with the Centre Pompidou in Paris, expanding its support for the museum during its landmark €460 million ($535 million) renovation. The fashion house, which has backed the Pompidou since 2019, will help preserve access to modern and contemporary art while the museum is closed to the public until its scheduled reopening in 2030. This follows a separate three-year deal in 2025 to grow the museum's collection of contemporary Chinese art by 30 percent, with a focus on women artists, and a 2024 acquisition of 21 works by 15 Chinese artists tied to an exhibition co-organized with Shanghai's West Bund Museum.

Tilda Swinton Is Bringing a New Performance Piece to Guggenheim Bilbao

British actor Tilda Swinton will debut a new performance piece titled "House of Gestures" at the Guggenheim Museum Bilbao on June 5–6, 2025. The work, developed with French fashion curator Olivier Saillard, is inspired by the legacy of Dom Pérignon champagne and will be staged in the museum's Frank Gehry-designed atrium. Swinton has a long history of performance art, including her iconic work "The Maybe" (1995) at the Serpentine Gallery, and is currently the subject of the exhibition "Ongoing" at the Onassis Foundation's Onassis Ready in Athens.

How Did Phillips Pull Off a $115.2 Million ‘White Glove’ Sale? Here’s What the Numbers Say

Phillips achieved a $115.2 million 'white glove' evening sale in New York on Tuesday night, with 41 of 43 lots sold and a 100% sell-through rate after withdrawals. The auction more than doubled last year's $52 million total, led by Andy Warhol's *Sixteen Jackies* (1964) at $16.2 million. Only three records were set—for P.S. Krøyer, Pat Passlof, and Joseph Yaeger—but the sale's success was driven by third-party guarantees on 21 lots and newly launched priority bids.

Willem de Kooning’s Rarely Seen Drawings Come Into Focus in Chicago Show

A forthcoming exhibition at the Art Institute of Chicago (AIC), titled "Willem de Kooning Drawing," will showcase over 200 rarely seen drawings by the Abstract Expressionist master, opening in June. The show, organized in partnership with the Rijksmuseum, includes works from across de Kooning's career—from early charcoal studies like *Dish with Jugs* (1919–1921) to experimental pieces from the 1960s where he drew with his eyes closed or with both hands. Curated by Kevin Salatino, the exhibition positions drawing as central to de Kooning's practice, challenging the perception that his paintings were purely spontaneous.

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.