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Market Outlook for New York’s May Sales

New York's May sales season is underway with over $1.8 billion worth of art heading to auction at major houses including Sotheby's, where a monumental Rothko consigned by Robert Mnuchin is expected to fetch $70–100 million. Frieze New York opens at the Shed with 68 galleries, half of them local. Other notable developments include a major Banksy work hitting the auction block with one of its highest estimates ever, and the estate of sculptor Robert Therrien leaving Gagosian after nearly 30 years to join David Zwirner.

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.

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.

blink 182 banksy sale

A Banksy painting from his 2005 'Crude Oils' exhibition sold for £4.3 million ($5.5 million) at Sotheby’s Modern and Contemporary Evening Auction in London. The work, *Crude Oil (Vettriano)*, came from the collection of Mark Hoppus, co-founder of the pop-punk band Blink-182, who acquired it in 2011. The painting reimagines Jack Vettriano’s *The Singing Butler*, replacing the idyllic beach scene with environmental pollution, including hazmat-suited workers and a sinking container ship. The sale occurred shortly after Vettriano’s death at age 73.

Banksy’s Girl and Balloon on Found Landscape Sells for $18 Million

Banksy's painting *Girl and Balloon on Found Landscape* sold for $18 million (£13.3 million) at a Fair Warning auction held at Tiffany & Co.'s Landmark store in New York. The 2012 work, which reimagines a traditional pastoral landscape with the artist's iconic balloon motif, was purchased by an anonymous US bidder after a phone battle. The result places it among the three highest auction prices ever achieved for a Banksy artwork, surpassing *Sunflowers From Petrol Station* and trailing only *Game Changer* and *Love Is in the Bin*.