Lalanne mirrors owned by Yves Saint Laurent and a classic Diane Arbus photo: our pick of the April auctions

Major auction houses are preparing for a series of high-profile sales in April, headlined by a suite of fifteen gilt-bronze mirrors by Claude Lalanne. Originally commissioned for the Paris apartment of fashion icon Yves Saint Laurent and Pierre Bergé, the mirrors are expected to fetch between $10m and $15m at Sotheby’s. Other notable lots include a rare Diane Arbus photograph from the collection of Lily Tomlin and Jane Wagner, a pastoral landscape by Russian artist Konstantin Somov, and a centuries-old drawing based on Albrecht Dürer’s famous rhinoceros woodcut.

Fair Warning Expands With Saara Pritchard, Doubling Down on ‘Conviction’ in a Crowded Art Market

Loïc Gouzer’s boutique auction app, Fair Warning, is expanding its leadership by appointing Saara Pritchard, a veteran specialist from Christie’s and Sotheby’s, as a partner. Since its 2020 launch, the platform has carved out a niche by rejecting the high-volume model of traditional auction houses in favor of a highly curated, "one work at a time" approach. This strategy has proven lucrative, recently achieving a record $16.7 million for an Andy Warhol portrait and a $4.07 million record for Elizabeth Peyton.

Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.

How Pharrell’s Joopiter Is Redefining What an Auction House Can Be

Pharrell Williams launched his own auction platform, Joopiter, after finding traditional auction houses ill-suited to sell his collection of fashion, jewelry, and timepieces. The platform has rapidly expanded from single-owner sales into a multi-category auction house, handling luxury goods, sports memorabilia, pop culture artifacts, and contemporary art, with a recent headline lot being a $5 million Triceratops skeleton named Trey.

Lost Bob Dylan Lyric Sheet Resurfaces After 60 Years—and Other Rare Finds Heating Up the Market

A rare, typewritten lyric sheet for Bob Dylan’s song “I’m Not There” has resurfaced after being hidden for nearly 60 years inside a first-edition book of poetry by Allen Ginsberg. The document, which was discovered by a book dealer handling the estate of Sally Grossman, is set to be auctioned by Omega Auctions with an estimate of £20,000–£40,000. Other high-profile collectibles hitting the block include Stephen Curry’s game-worn sneakers at Sotheby’s and a signed Albert Einstein etching.

Art trade stays buoyant amid global turmoil

Major London auction houses Sotheby's and Christie's posted strong results in early March, with their Modern and contemporary art evening sales raising £131m and £197m respectively. These figures represented significant increases over the previous year, with high sell-through rates, despite concurrent geopolitical turmoil in the Middle East. Key lots included Francis Bacon's 'Self Portrait' selling for £16m and Henry Moore's 'King and Queen' achieving a record £26.3m.

Frieze Taps Art Basel Veteran Frank Lasry as Chief Operating Officer

Frieze has appointed Frank Lasry as its new Chief Operating Officer, effective this June. Lasry joins the organization with an extensive pedigree in the art market, having previously served as COO at Perrotin and managing director at Art Basel, where he was instrumental in launching Art Basel Paris. His career also includes senior leadership roles at major auction houses Christie’s and Phillips, positioning him as a veteran executive with deep operational expertise across multiple sectors of the industry.

Art March Hong Kong | 8 Kusama pumpkins head to auction during Basel week – here’s every one of them

Eight signature pumpkin works by Yayoi Kusama are set to headline the spring auction season in Hong Kong, coinciding with Art Basel week. Major auction houses including Sotheby’s, Christie’s, and Bonhams are offering a diverse range of these iconic motifs, featuring everything from a massive two-meter-tall fiberglass sculpture to rare red and yellow canvases. Notable highlights include a unique 2015 sculpture at Sotheby’s with a high estimate of HK$60 million and a rare red pumpkin painting at Bonhams.

Art March Hong Kong | 8 Kusama pumpkins head to auction during Basel week – here’s every one of them

Eight signature pumpkin works by Yayoi Kusama are set to headline the spring auction season in Hong Kong, coinciding with Art Basel Hong Kong. Major auction houses including Sotheby’s, Christie’s, and Bonhams are offering a diverse range of the artist's iconic motif, featuring everything from a massive two-meter-tall fiberglass sculpture to rare canvases in red and yellow. The sales include a unique single-owner collection at Bonhams titled "More than Red," showcasing the breadth of Kusama’s most commercially successful subject.

Heirs to the Bic Empire Say They’ve Been Robbed of a Renaissance Masterwork

The heirs to the Bic pen fortune, Gonzalve, Charles, and Guillaume Bich, have filed a lawsuit alleging a 15th-century masterpiece by Fra Angelico was stolen from their family. They claim the painting, 'Saint Sixtus,' was taken by their father's chauffeur in 2006 and sold to art dealer Richard Feigen, who later sold it to Chilean collector Alvaro Saieh in 2018. The heirs are now suing Saieh to reclaim the artwork and seeking the return of sale proceeds from Feigen's estate.

NASA’s Artemis II Returns to the Moon—and Captures a Powerful New Image of Earth

NASA has released the first images from the Artemis II mission, marking humanity's first return to the moon since 1972. During a lunar flyby on April 6, Commander Reid Wiseman captured a series of high-resolution photographs using a Nikon D5, including a striking image titled 'Earthset' that shows the planet sinking below the lunar horizon. The mission's four-person crew produced approximately 10,000 images, documenting the far side of the moon and a total solar eclipse from a unique celestial perspective.

Dream Win With a Catch

Traumgewinn mit Haken

A 58-year-old sales engineer from Paris has won a 1941 Pablo Picasso portrait titled "Tête de femme" through a charity raffle. The winner acquired the masterpiece, valued at approximately €1.45 million, by purchasing a single €100 ticket. Organized to benefit Alzheimer’s research, the international lottery sold 120,000 tickets across 152 countries, raising a total of €12 million.

How the Acquavella Family Controls the Matisse Market

The Acquavella family has solidified its position as the primary gatekeeper of the Henri Matisse market, leveraging decades of relationships with the artist's heirs and a deep inventory of blue-chip works. By maintaining a near-monopoly on the most desirable secondary market pieces and providing expert authentication guidance, the gallery dictates pricing and availability for one of the 20th century's most valuable artists.

On Arte, 'The Stolen Painting' dives into auction houses through the rediscovery of an Egon Schiele looted by the Nazis

Sur Arte, « Le Tableau volé » plonge dans les salles de ventes aux enchères à travers la redécouverte d’un Egon Schiele spolié par les nazis

Director Pascal Bonitzer’s film 'Le Tableau volé' (The Stolen Painting) dramatizes the real-life 2005 discovery of a lost Egon Schiele masterpiece, 'Autumn Sun,' in the modest home of a factory worker in Mulhouse. The narrative follows a cynical auctioneer, played by Alex Lutz, as he navigates the authentication and eventual sale of the work, which was looted by the Nazis from Jewish collector Karl Grünwald during World War II.

On Arte, 'The Stolen Painting' dives into auction houses through the rediscovery of an Egon Schiele looted by the Nazis

Sur Arte, « Le Tableau volé » plonge dans les salles de ventes aux enchères à travers la redécouverte d’un Egon Schiele spolié par les nazis

Director Pascal Bonitzer’s film 'Le Tableau volé' (The Stolen Painting) dramatizes the real-life 2005 discovery of a lost Egon Schiele masterpiece, 'Autumn Sun,' in the modest home of a factory worker in Mulhouse. The narrative follows a cynical auctioneer, played by Alex Lutz, as he navigates the authentication and eventual sale of the work, which was looted by the Nazis from Jewish collector Karl Grünwald during the 1940s.

A Monet Sold at Auction in France

Un Monet adjugé en France

Claude Monet’s painting 'Vétheuil, effet du matin' sold for nearly €10.2 million at an auction in Paris this Thursday. The sale highlights the continued demand for high-quality Impressionist works within the French capital's growing secondary market.

New York Court Orders Restitution of a Modigliani to the Oscar Stettiner Estate

La justice new-yorkaise ordonne la restitution d’un Modigliani à la succession d’Oscar Stettiner

A New York court has ordered the restitution of Amedeo Modigliani’s 1918 painting 'Seated Man with a Cane' to the heirs of Oscar Stettiner, a Jewish art dealer. The work was seized during the Nazi occupation of Paris and sold at a forced auction in 1944 before eventually being purchased by the billionaire Nahmad family via an offshore company in 1996. Judge Joel M. Cohen ruled that the evidence of Stettiner’s prior ownership was "unusually strong" and dismissed the defense's claims that the painting was a different version or that the claim was filed too late.

One of the Art Market’s Biggest Secrets, Revealed

Global auction totals saw a significant rebound in 2025, rising 13.3 percent compared to the previous year after a prolonged period of decline. The latest Artnet Intelligence Report highlights this recovery while shifting focus toward the increasingly influential world of private auctions, where high-value masterpieces are traded in invitation-only, clandestine settings away from the public eye.

Hong Kong’s live art auctions are thriving thanks to Picasso and Nara

Hong Kong’s art auction market opened 2025 with significant momentum, characterized by a shift toward high-quality, museum-grade works and selective collecting. Major auction houses like Christie's, Bonhams, and Phillips reported strong results for blue-chip artists, highlighted by the sale of Pablo Picasso’s "Buste de Femme" for HK$196.75 million. While the market has become more deliberate, the demand for rare, impeccably sourced pieces by both Western masters and Asian contemporary icons remains robust.

Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

Mexico faces sales of pre-Columbian art

Le Mexique face aux ventes d’art précolombien

The Mexican government is facing ongoing legal and diplomatic hurdles in its attempts to halt the sale of pre-Columbian artifacts in Paris. Despite formal protests from the Mexican embassy citing national heritage laws from 1827, auction houses like Millon continue to proceed with sales, generating millions in revenue. French authorities and legal experts maintain that Mexican national laws do not supersede French jurisdiction, which largely adheres to the 1970 UNESCO Convention regarding the illicit import and export of cultural property.

Competition in the Auction Business’s Middle Market is Fierce, and Growing Fiercer

The auction industry's middle market, generally defined as lots valued below $1 million, is experiencing intense competition and shrinking profit margins. While this segment accounts for the vast majority of transactions and a significant share of auction house earnings, rising overhead and sellers demanding complex financial deals—like enhanced hammers and guarantees—are squeezing profitability. Regional and specialized auction houses are fiercely competing for business against each other and against third-party online platforms.

How Expensive Art Auctions Really Are

Wie teuer Kunstauktionen wirklich sind

Art auction houses often promote price transparency, but the final hammer price is merely the starting point for a complex web of additional costs. Buyers are frequently hit with buyer's premiums, value-added taxes, and resale right royalties (droit de suite) that can inflate the final invoice by as much as 50 percent beyond the initial bid.

How Expensive Art Auctions Really Are

Wie teuer Kunstauktionen wirklich sind

Art auction houses often promote transparency through public bidding, but the final hammer price is merely the starting point for a complex web of additional costs. Buyers frequently face buyer's premiums, value-added taxes, and resale right royalties (droit de suite) that can inflate the final invoice by up to 50 percent beyond the initial bid.

Sotheby’s 7%

Les 7 % de Sotheby’s

Sotheby’s has reportedly begun offering sellers a 7% interest rate to delay the payout of their auction proceeds. This unusual financial incentive comes as the auction house, owned by billionaire Patrick Drahi, faces significant liquidity challenges and a reported cash crunch.

Capitolium Art: Modern & Contemporary Art - Selected (Traditional)

Capitolium Art has announced its upcoming "Modern & Contemporary Art - Selected" auction, scheduled to run from April 1st to April 15th, 2026. The sale, hosted in partnership with Artsy, features a curated selection of traditional modern and contemporary works subject to a 26% buyer’s premium plus an additional 5% platform fee for online bidders. The terms outline specific logistical requirements, including a 10-day payment and collection window and the application of Italian Artist’s Resale Right (Droit de Suite) fees.

Across the Major Houses, Hong Kong’s March Sales Confirm a New Collecting Maturity

Hong Kong's major auction houses—Christie's, Sotheby's, and Phillips—concluded their March sales series with strong results, demonstrating resilience in the Asian art market. The sales were characterized by a high sell-through rate, robust bidding, and a notable shift towards collecting driven by deep knowledge and passion rather than pure speculation.

sothebys debt delays 2766303

Sotheby’s is navigating a complex financial landscape marked by a major debt refinancing effort and the introduction of a controversial delayed-payment program. The auction house is seeking to raise $825 million through five-year bonds to address existing debt due in 2027, while simultaneously facing a $10.2 million lawsuit over real estate commissions. To manage liquidity, the firm has codified a scheme offering sellers a 7 percent interest rate if they agree to wait six months for their payout, a significant departure from the industry standard of 35 to 45 days.

Kruso Art in the former Cinema De Amicis and advance lending on auction lots

Kruso Art has inaugurated its new Milan headquarters within the historic former Cinema De Amicis, following a six-million-euro redevelopment by Banca Sistema. The multifunctional space will host its first auction on April 15 during Milano Art Week, featuring 57 contemporary works from a private collection, including pieces by Rémy Zaugg, Giuseppe Stampone, and Darren Almond.

Nara and Kusama Both Surpass 10 Billion KRW... What Seoul Auction’s 36.7 Billion KRW Sale Achieved

Nara and Kusama Both Surpass 10 Billion KRW... What Seoul Auction’s 36.7 Billion KRW Sale Achieved

Seoul Auction's recent Contemporary Art Sale in Seoul made history as the first domestic auction in South Korea to sell two works for over 10 billion KRW each on the same day. Yoshitomo Nara’s large-scale portrait "Nothing about It" (2016) set a new record for the highest price ever achieved at a South Korean art auction, selling for 15 billion KRW ($11.2 million). Yayoi Kusama’s "Pumpkin" (2015) followed closely, fetching 10.45 billion KRW ($7.8 million), contributing to a total sale volume of 36.7 billion KRW.