The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

david zwirner yoshitomo nara artist representation 1234759832

David Zwirner gallery announced it will now officially represent Japanese artist Yoshitomo Nara, with his first solo exhibition planned at Zwirner's New York space. The representation deal was brokered through Nara's international agent Joe Baptista and his Equivalence Art Agency. Baptista was previously a partner at Pace Gallery, Nara's longtime representative, and his departure from Pace had not been publicly announced. Nara was also long represented by Blum Gallery, which closed earlier this year after its final Nara show in Los Angeles. Pace Gallery CEO Marc Glimcher expressed surprise but said Pace will continue to have a relationship with the artist.

philipp kaiser leaves marian goodman gallery 1234739917

Philipp Kaiser is leaving Marian Goodman Gallery after more than six years, with his last day on May 2. He will remain as a curatorial consultant as needed. The gallery cited the recent Los Angeles wildfires as a factor in his decision to return to independent curatorial practice. Kaiser joined in 2019, a surprising move given his museum background, and became president and partner in 2021 when founder Marian Goodman stepped back. During his tenure, the gallery opened new spaces in New York and Los Angeles, but also lost major artists Gerhard Richter, Nan Goldin, and William Kentridge to rival galleries.

maurizio cattelan america gold toilet auction 2707156

Maurizio Cattelan's 18-karat gold toilet sculpture, *America* (2016), sold at Sotheby's New York for $12.1 million to Ripley's Believe It or Not!, the entertainment franchise known for oddities. The work, consigned by hedge-fund manager Steve Cohen, was auctioned from the Breuer Building and drew long viewing lines. Despite a playful bidding process led by auctioneer Phyllis Kao, the final price fell short of Cattelan's auction record of $17.2 million set by *Him* (2001) at Christie's in 2016.

dealers abuzz frieze los angeles vip day frenzy 1234774824

The VIP opening of Frieze Los Angeles at Santa Monica Airport saw a surge of high-value transactions and heavy foot traffic from both local and international collectors. Major galleries reported multi-million dollar sales within the first few hours, including a $2.8 million work by Njideka Akunyili Crosby at David Zwirner and a sold-out booth of Conny Maier paintings at Hauser & Wirth. Dealers described the atmosphere as a "frenzy," noting that sales figures in some cases already tripled their performance at previous major fairs like Art Basel Miami Beach.

top lots jean michel basquiat 2726806

Artnet News examines the top five auction results for Jean-Michel Basquiat, whose meteoric rise and tragic death at age 27 fueled a legendary market. The list includes works such as "Versus Medici" (1982), which sold for $50.82 million at Sotheby's in 2021; "El Gran Espectaculo (The Nile)" (1983), which fetched $67.1 million at Christie's in 2023; and "Untitled" (1982), which reached $85 million at Phillips in 2022. The article highlights the artist's synthesis of graffiti and Renaissance aesthetics, his relationships with figures like Andy Warhol, and the explosive growth of his market over the past decade.

george condo spruth magers skarstedt representation 1234760793

Galleries Sprüth Magers and Skarstedt have announced joint representation of artist George Condo, ending his six-year partnership with Hauser & Wirth. Condo has a long history with both galleries: he first showed with Monika Sprüth in 1984 and was represented by Skarstedt from 2004 to 2019. The announcement comes after a two-venue exhibition earlier this year that involved both Sprüth Magers and Hauser & Wirth. Condo's market remains strong, with recent auction sales exceeding $6 million and a current retrospective at the Musée d’Art Moderne de Paris.

How a Louise Bourgeois Print Inspired Eden Xu-Martinez’s Intimate Collection

Eden Xu-Martinez, a collector and art administration professional, has built a personal collection centered on the accessibility and intimacy of prints. Her journey into collecting was catalyzed by a lithography course at Columbia University and a profound encounter with a Louise Bourgeois print, which shifted her perspective on the medium from mere reproduction to a deeply personal form of artistic expression.

Cosima von Bonin Loewe Paris

cosima von bonin loewe paris 2751543

German artist Cosima von Bonin collaborated with Loewe for its Fall/Winter 2026-2027 womenswear show at the Château de Vincennes during Paris Fashion Week. The artist’s signature plush sculptures, including oversized octopuses and bug-eyed scallops, occupied front-row seats and populated the runway set. Beyond the scenography, von Bonin’s zoomorphic motifs were integrated directly into the collection as jewelry, charms, and minaudières.

gladstone gallery celia paul art basel paris 1234757919

Gladstone Gallery now represents British painter Celia Paul, known for her moody figurative works drawn from her life. Paintings by Paul are on view at Art Basel Paris this week, and the gallery plans a solo New York exhibition in 2026. Paul has long been represented by Victoria Miro in London but lacked a New York gallery presence since a 2015 show at Gallery Met. Her market has grown following a 2018 exhibition at the Yale Center for British Art and a recent profile in The New Yorker by Karl Ove Knausgaard. Her auction record was set in 2023 when Self-Portrait (2017) sold for $122,700 at Christie’s London.

these printers share stories of helping artists bring their visions to life 2670094

Artnet Auctions' Premier Prints and Multiples: Summer Edition sale, open for bidding through April 3, 2025, features iconic works on paper by artists such as Jonas Wood and Lynda Benglis. The article highlights the collaborative process between artists and printers, with firsthand accounts from Emmett Walsh of Ollin Editions and a publisher who worked with Lynda Benglis on a tapestry based on her painting *Rajesh in Rajasthan* (2012–2016). Walsh describes producing Wood's 112-color silkscreen *Kitchen Interior* (2022) over 20 months, while the other publisher recounts a three-year search for weavers to create Benglis's detailed rug.

5 Highlights of Art Düsseldorf

5 Highlights der Art Düsseldorf

The Art Düsseldorf contemporary art fair has opened its latest edition, showcasing a diverse range of works that balance humor with urgent political and global themes. Highlights from the fair include Christian Jankowski’s monumental sculptures based on children's clay models at Galerie Crone, Julian Charrière’s environmentally conscious installations at Dittrich & Schlechtriem, and Jody Korbach’s satirical paintings that reference German art history and pub culture at Petra Martinez.

rana begum abstractions industrial strength 1234773475

Rana Begum’s solo exhibition, "Reflection," is currently on view at the Gallery at Windsor in Vero Beach, Florida, following its debut at the SCAD Museum of Art. The exhibition showcases Begum’s signature style, which utilizes industrial materials like metal bars and reflectors to create elegant abstractions influenced by American Minimalism and Islamic architecture. The show traces her journey from a young immigrant in the UK to a Royal Academician, highlighting her ability to manipulate light and color through geometric forms.

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."

Which Artists Are Insiders Searching For? After 10 Years, Not Much Has Changed

Artnet's Price Database analysis reveals that the most-searched artists by its users have remained remarkably consistent over the past decade. Pablo Picasso, Andy Warhol, and Marc Chagall continue to hold the top three positions, with David Hockney and Yayoi Kusama joining the list, while Salvador Dalí and Lucio Fontana have dropped off.

jonathan yeo snap augmented reality sxsw 2753266

British portrait artist Jonathan Yeo is bringing his augmented reality exhibition, "Spectacular," to South by Southwest (SXSW) in Austin following its debut at the Centre Pompidou. Developed in collaboration with Snap Inc., the showcase utilizes AR glasses to animate Yeo’s traditional oil paintings, including his famous portrait of King Charles III and a depiction of Cara Delevingne. The experience allows viewers to interact with the works, such as having a digital butterfly from the King's portrait land on their hand, while exploring the intersection of static portraiture and immersive technology.

christies edlis neeson sale 124 million 2716072

Christie's 21st-century evening sale in New York on Wednesday night achieved $123.6 million, just below its $126 million high estimate and 16% above last year's sale. The sale featured 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson, which brought in $49.2 million against a $30 million estimate. The top lot was Christopher Wool's "Untitled (RIOT)" (1990), selling for $19.8 million. New auction records were set for Firelei Báez ($1.1 million) and Olga de Amaral ($3.1 million). Only one of 45 lots failed to sell—a Cecily Brown painting estimated at $4–6 million. The sale was characterized by careful use of third-party guarantees and lowered reserves, with art advisor Aileen Agopian noting bidding was "deep and robust" despite a flat atmosphere.

Ed Ruscha | Billy (1968) | Art & Prints

Ed Ruscha's 1968 exhibition catalogue 'Billy', designed for a show of works by his friend Billy Al Bengston, is being offered for sale. The catalogue features a flocked sandpaper cover, satin ribbon bookmark, and machine screw and hex nut binding, and was published by the Los Angeles County Museum of Art for an exhibition that traveled to the Corcoran Gallery of Art and the Vancouver Art Gallery. The work is listed on an art marketplace platform with a price of €62,600, and the listing includes details about its condition, provenance, and the artist's broader career.

Six artists having a museum moment: Basquiat, Hockney, Bove, Brown, Wylie and Goldin

Six blue-chip artists are currently experiencing a significant wave of institutional recognition through major museum exhibitions across the globe. Cecily Brown is preparing for a homecoming solo show at London’s Serpentine South, while Jean-Michel Basquiat is the subject of a focused study on his works on paper at Denmark’s Louisiana Museum of Modern Art. Other featured artists include David Hockney, who recently opened a massive 400-work retrospective at the Fondation Louis Vuitton, alongside Carol Bove, Rose Wylie, and Nan Goldin.

Blum Gallery’s Sudden End Shocked the Art Industry. What Happened?

On July 1, 2025, Tim Blum, the powerhouse Los Angeles dealer behind Blum Gallery, announced the sudden closure of his gallery after a 35-year run. The closure includes his Culver City headquarters, his Tokyo space, and a planned Tribeca location that will no longer open. Blum publicly framed the decision as a voluntary "sunset" due to systemic industry issues like over-expansion and burnout, but interviews with artists and staff reveal a more chaotic reality: the closure blindsided employees and artists, many of whom learned about it from news reports or a last-minute staff meeting that excluded Tokyo staff. Sources cite weak sales at Art Basel and Art Basel Hong Kong, poor business decisions—including buying out partner Jeff Poe and renovating a costly New York space—and a lack of severance or transition time as underlying factors.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

Italian Winemaker Ornellaia Reveals Marina Abramović’s Designs for Its 2023 Vintages

Marina Abramović has collaborated with the Italian winemaker Ornellaia to design labels for its 2023 vintage as part of the annual Vendemmia d’Artista project. The designs range from self-portrait drawings and photographs featuring grapes to a conceptual 9-liter bottle that instructs the drinker to listen to Nino Rota’s theme from La Dolce Vita while consuming the wine. A selection of these limited-edition bottles will be auctioned at Bonhams in June to raise funds for the Guggenheim Museum.

rediscovered renoir auction 2720230

A rediscovered Renoir painting, *L'enfant et ses jouets – Gabrielle et le fils de l'artiste, Jean* (created before 1910), sold for over €1.8 million ($2 million) at Hôtel Drouot in Paris on November 25. The intimate portrait of Renoir's young son Jean with his nursemaid Gabrielle had remained in the same private collection for over a century, never before published or exhibited. It was offered by auctioneer Christophe Joron-Derem in the "Tableaux Modernes" sale and purchased by an international buyer, with the hammer price of €1.45 million falling within the presale estimate.

in london sadie coles expands amid stark drop in profits 1234739645

Sadie Coles, a prominent London contemporary art gallery, announced plans to open a new 6,000-square-foot location in Mayfair this fall, despite reporting a steep 46 percent drop in revenue for 2024, from £52.3 million to £28.3 million. Pre-tax profits plunged 93 percent to £400,000, down from £5.5 million the prior year. Coles attributed the downturn to a slowdown at the high end of the art market, but noted the gallery carries no debt and has seen a 20 percent increase in total assets over five years, growing from £23.9 million to £28.8 million.

London Dealer Stephen Friedman Owes $10.6 M. to Dozens of Creditors, Including Artists Deborah Roberts and Kehinde Wiley

London-based gallery Stephen Friedman has accumulated debts of approximately $10.6 million, according to official documents filed with Companies House. Creditors include Coutts & Co. bank (£3.2 million), Pentland Group Ltd. (£1.4 million), the UK tax authority, the Pollen Estate, art logistics company Crozier, and several prominent artists—Alexander Diop (£341,905), Deborah Roberts (£289,232), and Kehinde Wiley (£163,849). The gallery closed its New York space in November 2024 after just two years, then abruptly shut its London location and entered insolvency proceedings in February 2025, shortly after pulling out of Art Basel Qatar. A restructuring proposal by FRP Advisory was approved on 22 April.

Tracey Emin | Even Saying Nothing Is a Lie (2021) | For Sale

Tracey Emin's 2021 lithograph "Even Saying Nothing Is a Lie" is being offered for sale by Hang-Up Gallery in London for £8,500. The limited-edition print, hand-signed and numbered by the artist, measures 37 × 29 1/10 inches and comes framed. Emin, a leading Young British Artist known for her confessional works such as "My Bed" (1998), has exhibited globally at institutions including the Mori Art Museum, Whitney Museum, and Stedelijk Museum, and her work is held by major collections like Tate and MoMA.

This Contemporary Icons Auction Packs Blue-Chip Firepower

Artnet Auctions has launched "Contemporary Icons: Part II," a summer auction now live for bidding through August 20, 2025. The sale features over 100 lots from a single private collection, including works by blue-chip artists such as Rashid Johnson, Jean-Michel Basquiat, Shara Hughes, Marilyn Minter, Tunji Adeniyi-Jones, and Jean-Baptiste Bernadet. Highlights include Johnson's "Write me In" (est. $120,000–$180,000) and Adeniyi-Jones's "ESHU" (est. $60,000–$80,000). Head of post-war and contemporary art Johannes Vogt noted the rarity of an online auction offering so many lots from one cohesive collection, with most pieces acquired in the last 15 to 20 years.

Basquiat's monumental work on paper sells for US$16.3m, leading Sotheby's contemporary sale in New York

On May 15, Sotheby's held The Now and Contemporary Evening Sale in New York, achieving a total of US$127.1 million. The top lot was an untitled 1981 work on paper by Jean-Michel Basquiat, which sold for US$16.3 million after a five-minute bidding battle. The sale included 41 lots with a 92.6% sell-through rate, and all nine works from the collection of Roy and Dorothy Leichtenstein were sold, contributing US$29 million to the total.

In an Unlikely Pairing, Giacometti Sculptures Head to The Met's Temple of Dendur

The Metropolitan Museum of Art has announced a major summer exhibition titled "Giacometti in the Temple of Dendur," featuring 17 sculptures by the 20th-century Swiss master Alberto Giacometti. The show, organized in collaboration with the Fondation Giacometti, will place the artist's iconic slender bronze figures within and around the first-century BCE Roman Period Egyptian temple. The installation includes significant loans such as "Femme qui marche I" and "Femme de Venise I," marking a rare dialogue between modern existentialist sculpture and ancient architectural history.

Why the Photo Market Is Moving Closer to Painting, With Unique Works Leading the Way

Artnet Auctions has launched its Spring Photographs sale, running through April 16, 2026, featuring works by blue-chip artists such as Peter Beard, Adam Fuss, and Diane Arbus. The auction highlights a significant shift in the photography market toward unique, one-of-a-kind works—including photograms, hand-painted images, and collages—that blur the lines between photography and painting. This trend is evidenced by increasing auction prices, with several works recently crossing the $1 million and $2 million thresholds.