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Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.

Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.

Tracking the Biggest Market Players at the Venice Biennale

The 61st Venice Biennale is underway, and while it is officially a non-commercial exhibition, market forces are increasingly influential behind the scenes. Artnet News host Margaret Carrigan reports on auction houses actively participating in opening week, and highlights Sotheby’s upcoming single-owner sale in London featuring works from billionaire Joe Lewis’s collection, expected to exceed $200 million. Meanwhile, Whitechapel Gallery has created a new economist-in-residence position to address ongoing financial strain in museums.

Un Rothko adjugé près de 86 M$

A painting by Mark Rothko was sold for nearly $86 million at auction. The sale, conducted by an undisclosed auction house, achieved a price within the upper range of expectations for the artist's mature abstract works, reflecting sustained demand for top-tier modern art.

Can Three Auction Houses Sell $2.6 Billion Worth of Art in One Week?

The New York Times reports that three major auction houses are poised to sell $2.6 billion worth of art in a single week during the spring season, driven by five luxury artworks. The sales are among the most anticipated in years, with major buyers shifting focus away from female and younger artists toward more traditional, established names.