Frieze New York Kicks Off with Seven-Figure Sales and High Energy: ‘It’s a Fiesta’

Frieze New York kicked off its preview day at the Shed in Manhattan with strong sales and high energy, as many attendees arrived fresh from the Venice Biennale. Galleries reported brisk presales and early placements, with White Cube selling major works by El Anatsui and Antony Gormley for seven-figure sums, and other dealers like James Cohan Gallery nearly selling out their booths. Collectors, advisors, and celebrities including Anderson Cooper, Michael Stipe, and Leonardo DiCaprio were spotted, while the Brooklyn Museum made acquisitions through the new Sherman Family Foundation Acquisition Fund.

‘I am very decisive’: designer Jennifer Gilbert on what she collects and why

Designer, entrepreneur, and philanthropist Jennifer Gilbert, based in Detroit, is selling select works from her contemporary art and design collections at Sotheby's in New York this spring to fund the opening of her own cultural space, Lumana, in Detroit's Little Village neighborhood. Highlights include Joan Mitchell's 1976 canvas *Loom II* (est. $5m-$7m) and Kenneth Noland's 1958 *Circle* (est. $4m-$6m), with proceeds supporting new generations of artists and institutions. Gilbert, who serves on the boards of Cranbrook Academy of Art and BasBlue, recently featured works from her collection in the exhibition *Seen/Scene* at the Shepherd art space.

At Frieze New York, Business Plunks Along, Leonardo DiCaprio Alights

At the VIP opening of Frieze New York, collectors were present but subdued, with galleries presenting modest displays and sales proceeding at a sensible, sedate pace. Despite the lack of urgency, business has improved since last year, buoyed by upcoming top-tier auctions. Thaddaeus Ropac confirmed four early sales, including a George Baselitz canvas for €1.4 million and an Alex Katz work for $400,000. David Zwirner’s booth of Joe Bradley paintings was among the buzziest, with all works on hold by early afternoon, while Cindy Sherman photographs at Hauser & Wirth sold steadily. Leonardo DiCaprio made visits, and Kelly Sinnapah Mary’s paintings at James Cohan Gallery sold out, the largest to a museum.

Tefaf New York wishlist: a Tiffany window and an Egyptian goddess with a nose job

The article highlights three standout artworks being offered at Tefaf New York. A Tiffany Studios stained-glass window, "Birches and Irises" (around 1915), designed by Agnes Northrop, is priced at $1.25 million through Macklowe Gallery. An Egyptian goddess bust from 570-526 BC, rediscovered at a regional auction in England and later authenticated after scientific study, is offered for £1.5 million by David Aaron. A painting by Cecily Brown, "Functor Hideaway" (2008), is listed at $3.9 million by Berggruen Gallery, coinciding with her current exhibition at London's Serpentine Gallery.

Damien Hirst | Hands in Prayer (Coral) (2010) | For Sale

This article is a sales listing for Damien Hirst's sculpture "Hands in Prayer (Coral)" (2010), a limited-edition bronze work from his series "Treasures from the Wreck of the Unbelievable." The piece is offered by Kristy Stubbs Gallery in Dallas, Texas, priced at $225,000. The listing includes details about the work's materials, dimensions, edition number (2/3), and condition, along with a biography of Hirst highlighting his career as a Young British Artist, his major exhibitions at institutions like Tate Modern and the National Gallery of Art, and his record-breaking auction sales.

Tiny Cranach Painting That Vanished During WWII Returns to Dresden

A miniature portrait of Friedrich III (Frederick the Wise) by Lucas Cranach the Elder, missing since World War II, has been returned to the State Art Collections of Dresden, Germany. The painting was last documented in May 1945 in a limestone quarry shelter near Pockau-Lengefeld before vanishing. It resurfaced in 2024 when consigned to Parisian auction house Artcurial, whose provenance investigation revealed a matching inventory number from 1722–1728. The Dreyfus family in France, the modern owners, returned the work after negotiations and a financial agreement. It is now on view at the Coin Cabinet of the Royal Palace in a special exhibition marking the 500th anniversary of Friedrich III's death, and will later be permanently displayed in the Semper Gallery.

Sotheby’s May Auctions: Rothko’s $100M Masterpiece Headlines

Sotheby's is holding its most ambitious May auction series in New York, headlined by Mark Rothko's monumental painting *Brown and Blacks in Reds* (1957), estimated at $70–100 million. The sales include a dedicated auction for the collection of legendary dealer and collector Robert Mnuchin, valued at over $130 million, featuring works by Rothko, Franz Kline, and Jeff Koons. Other highlights include Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* (1983), estimated at over $45 million, and Willem de Kooning's *Untitled III* (1975), making its auction debut with a $25–35 million estimate. The series spans Modern and Contemporary art, with additional works by Pablo Picasso and Vincent van Gogh.

The Top Collections Leading the May Marquee Auctions

The article reports that the May 2025 marquee auctions at Christie's and Sotheby's are being driven by a resurgence of major single-owner collections, reversing a period of trophy scarcity in the secondary market. Key collections include the $130 million Robert E. Mnuchin collection at Sotheby's, the personal collection of gallerist Marian Goodman at Christie's, and the S.I. Newhouse collection expected to generate around $450 million, featuring Jackson Pollock's 'Number 7A (1948)' and Constantin Brancusi's 'Danaïde (1913)'. The article notes that the ultra-high tier above $10 million rose 30% year-on-year, and single-owner collections in New York auctions totaled $730.9 million, an 89.9% increase from Q1 2025.

Coco Fusco and Jeffrey Gibson’s Public Lectures, Free Admission at MCA Denver, and More: Industry Moves for May 13, 2026

This week's art industry moves include Coco Fusco and Jeffrey Gibson being named speakers for Johns Hopkins University's Sam Gilliam Lecture Series, with free talks scheduled in Washington, D.C. Other notable developments: MCA Denver received a $1 million gift from the Precourt Foundation for free youth admission through 2031; Xavier Hufkens now represents painter Richard Aldrich; Galatea will represent the estate of Brazilian self-taught painter Grauben do Monte Lima; Green Art Gallery added Sharjah-based artist Fatma Al Ali; Chris Sharp Gallery now represents sculptor Richard Rezac; and the Oakland Museum of California received a ceramics gift and $1 million endowment from the Brian and Edith Heath Foundation. Additionally, a Banksy painting from the "Crude Oils" series is estimated at $18 million for an upcoming Fair Warning auction at Tiffany & Co.

Lakefront Festival of Art Returns June 12–14 with 145 Artists, Live Music, Local Food, and New Extended Evening Hours

The Lakefront Festival of Art returns to the Milwaukee Art Museum campus from June 12–14, 2026, featuring 145 juried artists from Milwaukee and across the country. Presented by Bank of America, the three-day event includes live music from acts like The Belle Weather, Field Report, and Brett Newski, local food vendors, hands-on artmaking at Kohl's Art Studio, and a Silent Auction Tent with works by participating artists. New this year, extended evening hours until 7 p.m. on Friday and Saturday allow visitors to enjoy after-work outings and sunset views. The festival is organized by Friends of Art, the museum's longest-running volunteer support group, and serves as an annual fundraiser for acquisitions and programs.

Un agent du Louvre devant le juge

A Louvre agent appeared before a judge. The article, published in Le Journal des Arts on May 2, 2026, covers multiple art world stories including the Whitney Biennial's perceived neutrality, the increasing complexity of art taxation in 2025, a resized project for Bourges 2028 by Yann Galut, a new contemporary gallery at Angers Cathedral, the abandonment of the Frigos artist site in Paris, and auctioneer Hubert L'Huillier's emergency sales.

Explore art’s future at Hong Kong’s Affordable Art Fair this May

Hong Kong's Affordable Art Fair (AAF) returns in May with the theme “See Art. Love Art. Own Art.”, featuring 106 local and international exhibitors—up from 98 last year—and artworks priced from HK$1,000 (US$128). The fair, held at the Hong Kong Convention and Exhibition Centre, aims to make art accessible to new and seasoned collectors alike, with a focus on transactions under US$50,000. Founder Will Ramsay highlights growing confidence in this market tier, citing a report by Affordable Art Fair × ArtTactic that shows 69% of galleries expect sales growth and that art fairs generate 44% of gallery revenues.

Art Collectors Bet on Known Quantities Amid Market Reset

The Impressionist and Modern art category became the most lucrative market segment in 2025, generating $4.7 billion in sales—a 29.5% increase from 2024—as collectors favored established names amid a cautious market. The $10-million-plus bracket surged 68.6% to $1.5 billion, while the number of lots sold hit a decade high of 122,213. Postwar and contemporary art ranked second with $4.1 billion, but its average price per lot dropped to a decade low of $23,027. Old Masters saw a 41.2% rise to $708.6 million, partly driven by the Thomas A. Saunders III collection at Sotheby’s, though that sale fell short of estimates. Ultra-contemporary art continued its four-year decline, falling 26.5% to $229.9 million, with average prices tumbling 72.4% from their 2021 peak.

Can Three Auction Houses Sell $2.6 Billion Worth of Art in One Week?

The New York Times reports that three major auction houses are poised to sell $2.6 billion worth of art in a single week during the spring season, driven by five luxury artworks. The sales are among the most anticipated in years, with major buyers shifting focus away from female and younger artists toward more traditional, established names.

How do art auctions change if everything online seems like a video game?

Come cambiano le aste d’arte se online tutto sembra un video game?

The article examines how digital infrastructure has transformed art auctions from exclusive in-person rituals into real-time competitive interfaces. Online sales, which peaked during the pandemic, now account for about 16% of the global art market in 2025 (down from 18% in 2024), according to the Art Market Report by Art Basel and UBS. Digital tools enable instant bidding, global streaming, and discreet participation, allowing collectors to compete without physical presence. The piece highlights the gamification of auctions, noting that ArtTactic has launched Art Forecaster, a platform where users predict auction prices in tournament-style competitions, blending market engagement with ludic elements.

Asian Spring 2026: dates and program of the Parisian art festival for lovers of Asia

The 9th edition of Printemps Asiatique (Asian Spring) will take place from June 3 to 12, 2026, across Parisian galleries, museums, and auction houses. Modeled on New York’s Asia Week and London’s Asian Art, the festival features a shared calendar of exhibitions, tours, talks, and auctions, with nearly thirty galleries, ten museums and art venues, and thirteen auction houses participating. This year, Korea is the spotlight country, with dedicated exhibitions and artistic itineraries. Key venues include the Musée National des Arts Asiatiques - Guimet, Musée Cernuschi, Musée des Arts Décoratifs de Paris, and Musée du Louvre, alongside auction houses such as Christie's, Sotheby's, Bonhams, and others.

Art market trends 2025: Impressionist & Modern hit $4.7B, up 29.5%

According to the 2025 art market trends, Impressionist and Modern art generated $4.7 billion in auction sales, a 29.5% increase from 2024, overtaking Postwar and Contemporary art to become the year's largest auction segment. Meanwhile, Ultra-contemporary art continued its decline, and Old Masters gained ground, signaling a broader shift in collector behavior toward established, blue-chip works.