Art News. Vasari Codex

trending_up market schedule Nov 7, 2025 visibility 27 link 16 artists

sothebys newly relocated to the breuer building reintroduces itself to new york

Sotheby's has relocated its New York headquarters to Marcel Breuer's iconic Brutalist building on Madison Avenue, formerly home to the Whitney Museum, the Met Breuer, and a Frick Collection outpost. After a renovation by Herzog & de Meuron that restored original gallery proportions and upgraded infrastructure, the auction house is inaugurating the space with a series of exhibitions featuring three major single-owner collections—Leonard A. Lauder, Cindy and Jay Pritzker, and Exquisite Corpus—estimated at over a billion dollars. Highlights include Gustav Klimts from the Lauder trove, a Van Gogh still life from the Pritzker collection, a Frida Kahlo painting expected to set a record for a woman artist, and a Basquiat work in the contemporary evening sale.

newspaper ARTnews open_in_new Read original

trending_up market schedule Nov 20, 2025 visibility 26 link 21 artists

Art market bounce back continues in New York with Christie's $123.5m 21st-century sale

Christie’s 21st-century evening sale at Rockefeller Centre in New York on 19 November achieved $99.5 million before fees ($123.5 million with fees), surpassing last November’s equivalent sale of $106.5 million with fees. The sale featured 45 lots, with only one unsold (a Cecily Brown abstract), resulting in a 2% buy-in rate. Three artist records were set for Firelei Báez, Joan Brown, and Olga de Amaral. A major highlight was the collection of Chicago collectors Gale Neeson and the late Stefan Edlis, comprising 19 lots that realized $40.3 million ($49.2 million with fees), including works by Andy Warhol, Richard Prince, and Diego Giacometti. Other notable sales included Cindy Sherman’s *Untitled Film Still #13* (1978) at $2.2 million with fees, Ed Ruscha’s *How Do You Do?* at $6.7 million with fees, and a Warhol *The Last Supper* (1986) sold to Paris dealer Frederic Larroque for $8.1 million with fees.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Jun 21, 2025 visibility 14 link 29 artists, 4 galleries

Global Art Market Report 2024–2025

The global art market saw total sales of $57.5 billion in 2024, a 12% decline year-on-year, marking the second consecutive annual drop. Transaction volumes rose 3% to about 40.5 million, driven by works under $50,000 which made up 85% of dealer sales. Sotheby's and Christie's together accounted for roughly half of global fine-art auction turnover, though both saw significant auction revenue declines. The United States led with 43% of global sales, while China's market share fell to 15%, its lowest since 2009. Online art sales grew to 18% of total value, and new buyer momentum was strong, with 44% of dealer buyers being new and 91% of high-net-worth collectors optimistic.

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article culture schedule Jan 30, 2026 visibility 23 link 9 artists, 1 gallery

What happens to the art market when humanity stops mattering?

The article examines the resilience of the high-end art market amid rising geopolitical tensions and shrinking public funding for culture. It notes that while sales at major auction houses like Sotheby's and Christie's have rebounded, political forces in the US and Europe are increasingly prioritizing military spending and exerting pressure on cultural institutions, drawing parallels to the rise of fascism in the early 20th century.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Apr 26, 2025 visibility 13 link 6 artists

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.

newspaper The Lagos Review open_in_new Read original