is dawn arriving for milans art scene

Thaddaeus Ropac, a major European blue-chip gallery, opened its seventh location in Milan in January 2025, occupying a prime palazzo previously home to Massimo de Carlo and Peres Projects. The inaugural exhibition pairs Georg Baselitz and Lucio Fontana in a show titled "L’aurore viene." The move has reignited debate about whether Milan is finally poised to become a contemporary art capital, despite past false starts and the city's stronger identity as a fashion and design hub.

Robert Mnuchin's $85.7m Rothko leads Sotheby's $407.5m auction in New York

Sotheby's evening auction in New York on May 13, 2025, realized $407.5 million ($433.1m with fees), led by Mark Rothko's "Brown and Blacks in Reds" (1957) from the collection of the late dealer Robert Mnuchin, which sold for $74m ($85.7m with fees). The sale opened with all eleven lots from Mnuchin's collection achieving a 'white glove' result, totaling $140.7m ($166.3m with fees), and continued with a mixed-vendor contemporary section that added $223m ($266.8m with fees), setting four new artist records.

Ceramics Are Everywhere, in Museums, Galleries, and Fairs—Has the Market Caught Up?

Ceramics are experiencing a surge in visibility across museums, galleries, and art fairs in major US cities. The article catalogs numerous recent and upcoming exhibitions, including Kathy Butterly's sold-out show at James Cohan with pieces at $45,000 each, Nicole Cherubini's nearly sold-out show at Friedman Benda with prices up to $65,000, and Ruby Neri's work at Salon 94 peaking at $75,000. Other highlights include Ron Nagle at Matthew Marks, Theaster Gates' Gagosian show celebrating David Drake, NADA Ceramics in Tribeca, and ceramic presentations at Frieze Los Angeles, Post-Fair, Expo Chicago, and David Zwirner. Institutional shows include Toshiko Takaezu at Princeton University Art Museum and a ceramic collection at RISD Museum.

basquiat ruscha sothebys now contemporary art sale may 2025

Sotheby's three-part evening sale in New York on Thursday generated $186.1 million across 68 lots, landing near the high end of its $141 million to $204.9 million estimate. The sale included a focused 12-lot offering from the collection of late gallerist Barbara Gladstone, which sold all works without guarantees and totaled $18.5 million, and a 15-work guaranteed sale from dealer Daniella Luxembourg featuring postwar Italian artists, where Lucio Fontana's 'Concetto spaziale, La fine di Dio' (1963) achieved $14.5 million and Michelangelo Pistoletto's 'Maria Nuda' (1969) sold for $2.7 million after a five-minute bidding war.

christies london belgian 54 million collection magritte

Christie's London will auction a major collection of modern and contemporary art from Belgian collectors Roger and Josette Vanthournout during its March marquee sales week. The collection, estimated at £40 million ($53.8 million), spans six decades of collecting and includes works by René Magritte, Henry Moore, Pablo Picasso, Yayoi Kusama, Lucio Fontana, Agnes Martin, and Max Ernst. It will be offered across three sales: a March 5 evening sale, a March 6 daytime sale, and an online sale from February 25 to March 12. Highlights include Magritte's 'La plaine de l'air' (1940) and Moore's 'Goslar Warrior' (1973–74), each estimated at £3.5–5.5 million.

art basel paris avant premiere vip sales report

Art Basel Paris launched a new ultra-exclusive invitation-only preview called Avant Première, held one day before the official VIP preview. The four-hour event on Tuesday afternoon saw strong sales, with Thaddaeus Ropac selling works including a 1953 Alberto Burri for €4.2 million and two George Baselitz pieces, while Hauser & Wirth sold Gerhard Richter's 1987 *Abstraktes Bild* for $23 million, the highest reported sale. The fair limited each gallery to six invites with plus-ones, resulting in an estimated 3,000 attendees compared to 6,000 for the regular First Choice preview, creating a more manageable and urgent atmosphere.

Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

$23 million Gerhard Richter painting leads Art Basel Paris opening sales.

Art Basel Paris opened its 'Avant Première' day at the Grand Palais on October 21, 2025, with strong early sales led by Hauser & Wirth's sale of Gerhard Richter's *Abstraktes Bild (Abstract Painting)* (1987) for $23 million. Other notable sales included Julie Mehretu's *Charioteer* (2007) for $11.5 million at White Cube, Amedeo Modigliani's *Jeune fille aux macarons* (1918) for just under $10 million at Pace Gallery, and a Ruth Asawa sculpture for $7.5 million at David Zwirner. The fair, running through October 26, features 203 galleries and introduced the exclusive preview day as a new scheduling element.

Rothko from Robert Mnuchin’s Estate Sells for $85.8 M., Leading Sotheby’s New York’s $433.1 M. Contemporary Art Sale

Sotheby’s New York held a $433.1 million modern and contemporary art sale at its Madison Avenue headquarters, led by Mark Rothko’s *Brown and Blacks in Reds* (1957), which sold for $85.8 million. The auction opened with 11 works from the estate of legendary dealer Robert Mnuchin, totaling $166.3 million, including a second Rothko and pieces by Willem de Kooning, Franz Kline, and Pablo Picasso. The contemporary art segment followed, with Jean-Michel Basquiat’s *Museum Security (Broadway Meltdown)* (1983) selling for $52.7 million. The overall sale was described by advisers as robust but not particularly exciting, and it significantly exceeded the $186.1 million equivalent sale from last year.

state of the art market understanding regional differences in the globalized art market

Artnet News and Morgan Stanley have released an analysis of the global art market, examining auction performance by artists from different regions over the past decade. The report breaks down sales by region—North America, Europe, Asia-Pacific, Africa, Latin America and the Caribbean, and the Middle East—and by genre categories including Old Masters, Impressionist and Modern, Postwar and Contemporary, and Ultra-Contemporary. Key findings show that North American and European artists dominate the market, while African-born artists have seen notable but uneven growth, and Asia-Pacific-born artists have experienced a marked decline.

rare basquiat sothebys contemporary auctions in new york

Sotheby's will auction a rediscovered early Jean-Michel Basquiat painting from 1981, unseen for 36 years, with a $10–15 million estimate at its Contemporary Evening Auction in New York this May. The sale also features major works from three tightly held private collections: the estate of Barbara Gladstone, the Roy Lichtenstein Foundation, and Daniella Luxembourg's 'Im Spazio' group, alongside top lots by Lucio Fontana, Robert Rauschenberg, Frank Stella, and Ed Ruscha. The Modern Evening Auction includes a Pablo Picasso musketeer portrait and a Georgia O'Keeffe painting, with combined estimates for both sales reaching up to $525.2 million.

sothebys contemporary art auction report

Sotheby's held a three-part marathon of contemporary art auctions in New York on Thursday evening, totaling $186.1 million with fees across 68 lots. The evening included white-glove sales for the collections of legendary dealer Barbara Gladstone and veteran dealer Daniella Luxembourg, with the Gladstone offering exceeding its presale estimate. Top lots included Richard Prince's "Man Crazy Nurse" (2002–03), which sold for $3.96 million, and Lucio Fontana's "Concetto spaziale, La fine di Dio" (1963), which achieved $14.5 million. The main contemporary evening sale took in $127 million, while the overall result fell short of last May's equivalent sale of $234.6 million.

At TEFAF New York, the Masterpiece Market Had Plenty to Celebrate

TEFAF New York returned to the Park Avenue Armory with record attendance on its Collector Preview day, May 14, featuring 90 exhibitors showcasing modern and contemporary masterpieces, antiques, decorative arts, and jewelry. Dealers reported strong sales across price tiers, including an Andy Warhol Mao sold by ML Fine Art within the first hour, a Lucio Fontana *Concetto Spaziale* for $2.3 million at Mennour, and works by Giorgio Morandi, Giosetta Fioroni, and Meret Oppenheim sold by Galleria d’Arte Maggiore g.a.m. A new secondary-market partnership, Pace Di Donna Schrader Galleries, debuted with a booth anchored by a 1956 Rothko, signaling renewed confidence in the market.

Ten Highlights From New York’s Spring Marquee Auctions

New York's spring marquee auctions are set for May 2025, with Christie's, Sotheby's, and Phillips presenting strong lineups after a 25% drop in total public sales in 2024. Highlights include the $250 million Leonard and Louise Riggio collection at Christie's, featuring Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (est. $50 million), and Alberto Giacometti's *Grande tête mince* (est. over $70 million) at Sotheby's. Other top lots include Lucio Fontana's *The End of God*, Jean-Michel Basquiat's *Baby Boom*, a Rothko from the Bass mansion, Claude Monet's *Crepuscular Peupliers*, Olga de Amaral's evening sale debut, a trove of 40 Roy Lichtenstein works, and an Ed Ruscha piece. The sales test market resilience amid supply constraints and a cautious art market.

Sotheby’s Paris Notches a $41 M. Modern and Contemporary Sale, Led by a $12 M. Monet Unseen for a Century

Sotheby’s Paris achieved a landmark result for its modern and contemporary art sale, totaling €35 million ($41 million) and surpassing its high estimate. The auction was headlined by two Claude Monet paintings that had been hidden from public view for roughly a century, including 'Vétheuil, effet du matin' (1901), which sold for €10.2 million ($12.1 million), setting a record for the artist at auction in France.

It is the great Mark Rothko leading Sotheby's first auctions in New York

È il grande Mark Rothko a guidare le prime aste di Sotheby’s a New York

Sotheby's kicked off New York's art and auction week with two major sales on May 14, 2026, led by the highly anticipated Robert Mnuchin: Collector at Heart Evening Auction. The top lot was Mark Rothko's "Brown and Blacks in Reds" (1957), which sold for $85.8 million, the second-highest price ever for the artist at auction. The Mnuchin auction achieved a "white glove" sale, selling all 11 lots for a total of $166.3 million, followed by The Now & Contemporary Evening Auction which brought in $266.8 million. Combined, Sotheby's generated $433.1 million, a 133% increase over its May 2025 session. The sales reflect a strong return of high-value trophy lots to the secondary market, driven by the dispersal of prominent collectors' estates.

Sotheby’s Modern and Contemporary Evening Sale Springs To Life

Sotheby’s Modern and Contemporary Evening Sale in London achieved a robust total of £131 million, more than doubling the results of the previous year's equivalent auction. The event was characterized by a high 98% sell-through rate and was anchored by significant single-owner collections, most notably works from billionaire Joe Lewis. Highlights included a Francis Bacon self-portrait that fetched £16 million and a record-breaking sale for Leon Kossoff, whose "Children’s Swimming Pool, Autumn Afternoon" sold for £5.2 million, nearly four times his previous auction record.

collector questionnaire allison sarofim beauty marfa

Allison Sarofim, a Houston-born patron and founder of the clean skincare line Loulu Hawai‘i, is profiled in a CULTURED questionnaire. She recounts her art-collecting journey, which began with a Mark Rothko given by her father to her mother upon her birth, later gifted to her on her 30th birthday. Her first purchase was an Andy Warhol gold-leaf portrait of Stuart Preston. Sarofim serves as a founding board member of Ballroom Marfa, which recently acquired the 75-year-old Auction Sale Barn (the Bull Room) to transform into a performing arts space. She also discusses the inspiration behind her beauty line, rooted in Hawaii's botanicals and the spirit of aloha, and plans for new products in 2026.

belma gaudio collector questionnaire art collection london koibird

Belma Gaudio, founder of the London fashion, homeware, and wellness boutique Koibird, opens her art-filled London home to CULTURED magazine, offering a rare glimpse into her eclectic collection. The article, presented as a collector questionnaire, features works by René Magritte, Lucio Fontana, Christina Quarles, and others, photographed by Mary McCartney. Gaudio discusses her childhood as a refugee from Bosnia and Herzegovina, her instinct for collecting objects from Barbies to snakeskins, and how her global upbringing shaped her eye for mixing eras and styles—from traditional Italian to contemporary.

‘Halo effect’ of powerful art dealers’ collections boosts Sotheby’s sale

Sotheby's held a successful three-part evening auction in New York on May 15, 2025, achieving a total of $154.2 million in hammer sales ($186.1 million with fees), within its pre-sale estimate. The sale included 12 lots from the estate of late dealer Barbara Gladstone, which sold 100% for $15.1 million, and 15 works from the collection of Daniella Luxembourg, which brought $33.6 million. The main event, Sotheby's The Now and Contemporary evening auction, featured 41 lots—including works from the Dorothy and Roy Lichtenstein collection and three deaccessioned by US museums—and achieved a 93% sell-through rate, hammering $105.4 million. A standout was Andy Warhol's 'Flowers' (1964) from the Gladstone estate, which sold for $3.1 million hammer, more than double its high estimate.

Early Basquiat to Lead Sotheby’s Contemporary Auctions -

Sotheby’s will offer a rare untitled 1981 painting by Jean-Michel Basquiat at its Contemporary Evening Auction in New York, estimated at $10–15 million. The work, unseen for 36 years, has been held in a private collection since 1989 and captures the raw energy of Basquiat’s breakout period. Other highlights include Lucio Fontana’s *Concetto spaziale, La Fine di Dio* (1963), Robert Rauschenberg’s *Combine Rigger* (1961), Frank Stella’s *Adelante* (1964), and Ed Ruscha’s *That Was Then This Is Now* (1989). The auction is built around three major private collections: the estate of gallerist Barbara Gladstone, the Roy Lichtenstein Foundation, and the “Im Spazio” group assembled by Daniella Luxembourg.

Auction house Phillips presents highlights of the next art and design auction in Milan

La casa d’aste Phillips presenta a Milano gli highlights della prossima asta tra arte e design

Phillips auction house is presenting a selection of highlights from upcoming auctions and private sales in Milan during the city's Art Week and Salone del Mobile. The exhibition, staged in a space with architecture and furnishings by Dimoregallery and Dimoremilano, features significant Italian post-war art and design pieces, including a notable 1983 'Mappa' by Alighiero Boetti made in Kabul, works by Carla Accardi and Piero Dorazio, and a Carmen Herrera painting slated for auction in New York.

Monet auction drives Sotheby’s Paris sale to 35 million euros

Sotheby's Paris sale on April 16, 2026, achieved a total of 35 million euros, an 84% increase over the previous year's equivalent auction. The event was dominated by two rediscovered Claude Monet paintings, with 'Vétheuil, effet du matin' setting a new auction record for the artist in France at 10.2 million euros. Strong results were also posted for works by Marc Chagall, Lucio Fontana, and Gerhard Richter, with 62.5% of lots selling above their high estimates.

The Finale Cut: Lucio Fontana e la sua arte al cinema

A new documentary titled "The Final Cut" explores the life and artistic journey of Lucio Fontana, the Italian-Argentine artist famous for his slashed canvases (Concetti Spaziali). Produced by Good Day Films and Nexo Studios, directed by Andrea Bettinetti and narrated by Miriam Leone, the film will screen in Italian cinemas on May 25–27 as part of the "La Grande Arte al Cinema" season. It features archival footage, interviews with artists such as Doug Wheeler, Antony Gormley, Carsten Höller, Alfredo Jaar, Michelangelo Pistoletto, Heinz Mack, and scholars Luca Massimo Barbero and Daniela Alejandra Sbaraglia, highlighting Fontana's revolutionary approach and his first immersive installation, "Ambiente Spaziale a luce nera" (1949).

L’arte italiana del Dopoguerra va in asta da Sotheby’s a Milano: tutti i nomi più attesi

Sotheby's will hold a live auction of Modern and Contemporary Art at Palazzo Serbelloni in Milan on May 27, 2026, featuring major Italian post-war artists. Highlights include works by Lucio Fontana, Giorgio Morandi, Carla Accardi, Alighiero Boetti, Emilio Vedova, Salvo, Piero Dorazio, and Tancredi, many appearing at auction for the first time. Key lots include Fontana's "Concetto Spaziale, Attese" (1965-66, estimate €700,000-1,000,000) and a Yves Klein monochrome from 1959.

Aste a Parigi: nuovo record per Claude Monet da Sotheby’s e per Ettore Spalletti da Christie’s

Sotheby's Paris achieved a new French auction record for Claude Monet on April 16, 2026, with 'Vétheuil, effet du matin' (1901) selling for €10.2 million, far above its €6-8 million estimate. The evening sale generated €35 million total, an 84% increase over the 2025 session, also featuring strong results for Marc Chagall, Lucio Fontana, and Rembrandt Bugatti. Meanwhile, Christie's Paris celebrated the 25th anniversary of its 'Thinking Italian' section with a complete sell-out of 11 lots, including a new auction record for Ettore Spalletti's 'Mobile' (1974) at €203,200. The overall Paris modern and contemporary art week reached a record €80.9 million, up 39% year-on-year.

Italian art convinces, international art surprises

Sotheby's and Il Ponte held Modern and Contemporary art auctions in Milan at the end of May, achieving strong results for Italian 20th-century icons and international art. Sotheby's sale on 28 May featured 93 lots, 80 of which were auction debuts, and closed at approximately €11.4 million with a 90% sell-through rate. Top lots included Lucio Fontana's 'Concetto Spaziale, Attese' (1968), which sold for €1.56 million, and works by Giorgio de Chirico, Emilio Vedova, and Alighiero Boetti that far exceeded their high estimates. International highlights included Robert Indiana's 'Decade Autoportrait' selling for €245,000 and Willis Baumeister's 'Moby Dick' setting a record for the artist in Italy.

Record-breaking female Surrealists spice up underwhelming Christie’s New York sales

Christie’s New York spring sales brought in a combined $489 million across two evening auctions, including the Leonard and Louise Riggio collection ($272 million) and a 20th-century evening sale ($216 million). While sell-through rates were high at 94%, bidding was shallow and several high-profile lots underperformed: a Mondrian estimated at $50 million sold for $47.6 million, a Magritte from the Empire of Light series matched its 2023 price at $34.9 million, and a Lucio Fontana canvas that sold for $14 million in 2017 fetched just $7.5 million. Andy Warhol’s Big Electric Chair was withdrawn last minute amid a reported $10 million gap between seller and buyer expectations. The sales were bolstered by third-party guarantees and came hours after news of a temporary US-China tariff détente.

Basquiat masterpiece expected to fetch $15m at Sotheby’s auction

A rare, untitled 1981 Jean-Michel Basquiat painting, unseen for over three decades, will headline Sotheby’s Contemporary Evening Auction in New York this May, with an estimate of $10–15 million. The work, created when Basquiat was 20, captures his transition from street art to international fame and has been held in the same private collection since 1989. The auction also features pieces from Barbara Gladstone’s collection, the Roy Lichtenstein Foundation, and works by Lucio Fontana, Robert Rauschenberg, and Pablo Picasso.