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10 top selling living american artists morning links 1234754482

Artnet News has compiled a list of the 10 top-selling living American artists at auction, with Jeff Koons leading the pack as the only artist to surpass $1 billion in auction sales. The list includes influential figures like Jasper Johns, Ed Ruscha, Cindy Sherman, Christopher Wool, Richard Prince, George Condo, and KAWS, with Johns being the oldest at 95 and Sherman the sole woman. The US art market generated $4.3 billion in 2024, outpacing China and the UK, according to Artnet’s Auction Price Database.

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This week's art industry roundup covers major sales and developments across art fairs, auction houses, and galleries. At Art Basel Miami Beach, strong sales were reported, including an $18 million Warhol at Lévy Gorvy Dayan's booth, while NADA Miami featured around 140 exhibitors. The Art Dealers Association of America announced a new ADAA Fair at the Park Avenue Armory for November 2025, and Design Miami will expand to Dubai in 2027 with Alserkal. In auctions, Fabergé's 'Winter Egg' sold for $30.2 million at Christie's London, becoming the most expensive Fabergé egg ever auctioned, and Rembrandt's etching 'Arnout Tholinx, Inspector' set a world record for an Old Master print at $4.1 million. A rare 15th-century triptych also sold at Sotheby's for $7.6 million. Gallery news includes the formation of Pace Di Donna Schrader Galleries, Hauser and Wirth's acquisition of a Palermo palazzo, and several artist representation changes.

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Sotheby's New York held a single-owner auction titled "175 Masterworks To Celebrate 175 Years of Photography: Property from Joy of Giving Something Foundation" on December 11 and 12, achieving a world record for a photography auction. The sale grossed $21,325,063, surpassing its presale estimate of $13–20 million and beating the previous record of $15 million set by a Sotheby's sale in 2006. The collection came from the late American financier Howard Stein, who founded the Joy of Giving Something Foundation in 1999. The auction had a strong sell-through rate of 90.3 percent by lot and 94.9 percent by value, with top lots including Alvin Langdon Coburn's "Shadows and Reflections, Venice" (1905) at $965,000 and August Sander's "Handlanger" at $749,000. Several female photographers set new records, including Tina Modotti, Julia Margaret Cameron, and Lee Miller.

Dallas Art Fair brings Texas's relationship-driven collecting community into focus

The Dallas Art Fair has returned for its 2026 edition, signaling a period of stability with approximately 90 exhibitors and a higher retention rate than previous years. The fair continues to serve as a vital hub for the North Texas collecting community, characterized by a deliberate, relationship-driven approach to acquisitions. Notable activity included the Dallas Museum of Art's acquisition of six works for its permanent collection, including pieces by Nicole Eisenman and Raymond Saunders, funded through a $100,000 partnership with the fair's foundation.

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Lévy Gorvy Dayan sold Andy Warhol's 'Muhammad Ali' (1977) for $18 million during the VIP preview of Art Basel Miami Beach. The painting, autographed by Ali and formerly owned by Richard L. Weisman, was displayed just a few hundred feet from the Miami Beach Convention Center, where Ali defeated Sonny Liston in 1964. The consignment was kept secret until ten days before the fair, and the work drew crowds of buyers and admirers, including Ali's sons and figures connected to Warhol's 'Athletes' series.

Ascendant Art Basel Paris rewards top dealers, while smaller galleries compete for attention

Art Basel Paris has rewarded top dealers with significant sales during its new VVIP preview slot, Avant-Première, held on October 21. Hauser & Wirth led with over $30 million in sales, including Gerhard Richter's "Abstrakte Bild" (1987) for $23 million, while David Zwirner sold a Ruth Asawa sculpture for $7.5 million. Goodman Gallery sold two works by William Kentridge to museums, and White Cube placed Julie Mehretu's "Charioteer" (2007) for $11 million. However, some dealers like Philomene Magers found the opening too crowded, and adviser Aileen Agopian noted the market remains far from the frenzy of previous years, with no single sale surpassing the $40 million Mark Rothko painting brought by Pace two years ago.

How Pharrell’s Joopiter Is Redefining What an Auction House Can Be

Pharrell Williams launched his own auction platform, Joopiter, after finding traditional auction houses ill-suited to sell his collection of fashion, jewelry, and timepieces. The platform has rapidly expanded from single-owner sales into a multi-category auction house, handling luxury goods, sports memorabilia, pop culture artifacts, and contemporary art, with a recent headline lot being a $5 million Triceratops skeleton named Trey.

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.

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New York's marquee auction season begins this week, headlined by Christie’s offering the $250 million art collection of Barnes & Noble founder Len Riggio, including Pablo Picasso’s *Femme à la coiffe d’Arlésienne sur fond vert (Lee Miller)*. Meanwhile, the U.S. State Department has released the grant application for the 61st Venice Biennale, introducing tighter deadlines and new ideological guidelines. Separately, Sotheby’s Hong Kong has postponed an auction of ancient Indian gemstones linked to the Buddha.

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A collection of Abraham Lincoln memorabilia, including personal possessions, autograph letters, and campaign artifacts, was auctioned by Freeman’s | Hindman in Chicago on May 22. The sale, held on behalf of the Lincoln Presidential Foundation, featured around 140 lots and exceeded expectations, totaling nearly $7.9 million. The top lot was a pair of blood-stained white kid gloves Lincoln wore the night of his assassination, which sold for $1.5 million. Other highlights included a cuff button bearing the initial 'L' that fetched $445,000 and a handwritten math exercise from Lincoln’s youth that sold for $521,200.

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Artnet's Price Database reveals signs of recovery at the top end of the art market in 2025, following three years of contraction. The article highlights gains in high-value sales, exemplified by Gustav Klimt's "Bildnis Elisabeth Lederer" pictured at Sotheby's Marquee Sales Series in New York. It also notes a growing trend of small and emerging galleries working with artists' estates, and reports that roughly half of art-backed loans by non-bank businesses defaulted in 2024.

UK artist resale right at 20: how successful has the pioneering scheme been?

The UK's Artist Resale Right (ARR), a law entitling visual artists to royalties from secondary market sales of their work, marks its 20th anniversary. Initially met with fierce opposition from auction houses and dealers who feared it would drive high-value sales offshore, the scheme is now largely accepted by the UK art trade, though concerns about administrative burdens compared to markets like New York and Hong Kong remain.

Top-End Auction Sales Help Pull Global Art Market Out of Slump, Study Says

A new report from Art Basel and UBS reveals that the global art market grew by 7% in 2024, reaching an estimated $67.8 billion. This recovery was primarily driven by a surge in high-value sales at auction, particularly in the $10 million-plus segment, which saw a 42% increase in value. The United States retained its position as the world's largest art market, while the UK overtook China to reclaim second place.