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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.

British billionaire's £200m art collection most expensive ever offered in UK

British billionaire Joe Lewis will sell a tranche of his art collection in a standalone sale at Sotheby’s in London this June, estimated at £150m–£200m. This makes it the most valuable single-owner collection ever offered in the UK, surpassing the Pauline Karpidas collection which totalled £101m. Highlights include Gustav Klimt’s *Bildnis Gertrud Loew* (est £20m–£30m), Amedeo Modigliani’s *Homme à la pipe* (est £12m–£18m), and Francis Bacon’s *Two Studies for Self-Portrait* (est £8m–£12m). The sale follows a smaller March auction of four works from the Lewis collection that focused on School of London artists.

School of London Masterworks Drive Sotheby’s £131M Modern & Contemporary Sale

Sotheby’s kicked off the spring auction season in London with a Modern and Contemporary Evening Sale that generated £131 million ($177.4 million) including fees. The auction saw a high 98 percent sell-through rate, bolstered by the sale of four significant works from the collection of financier Joe Lewis. The top lot was Francis Bacon’s 1972 "Self-Portrait," which fetched £16.03 million, while a new auction record was established for Leon Kossoff.

London art market springs back to life in Sotheby's Modern and contemporary evening sale

Sotheby’s Modern and contemporary evening sale in London signaled a resilient recovery for the UK art market, totaling £131 million with fees and achieving a 98% sell-through rate. Despite geopolitical tensions and post-Brexit economic concerns, the auction room was notably crowded, driven by high-profile works from the collection of billionaire Joe Lewis. The evening's top lot was a 1972 Francis Bacon self-portrait, which sold for £16 million, while a major painting by Leon Kossoff shattered the artist's previous auction record.

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.

Spurs owner’s School of London trove nets US$47.8m in Sotheby’s white-glove evening sale

Sotheby’s Modern & Contemporary Art Evening Sale in London achieved a rare 'white-glove' result, with all 53 lots finding buyers for a total of £131 million ($175 million). The auction was highlighted by a selection of four School of London masterpieces from the private collection of billionaire Joe Lewis, owner of Tottenham Hotspur. These works, including a 1972 Francis Bacon self-portrait and two Lucian Freud portraits, realized a combined £35.8 million ($47.8 million) and established a new auction record for artist Leon Kossoff.

Spurs owner Joe Lewis to sell US$25m of School of London works at Sotheby’s

Billionaire Joe Lewis, the former owner of Tottenham Hotspur, is set to auction four significant works from the School of London at Sotheby’s London on March 4. The selection is headlined by a 1972 Francis Bacon self-portrait estimated at £8 million, alongside major paintings by Lucian Freud and Leon Kossoff. This marks the first time Lewis has publicly sold works from his renowned collection, which is estimated to be worth approximately $1 billion and is famously housed in part on his superyacht.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

by the numbers sothebys london march 2026

Sotheby’s London Modern and Contemporary evening sale in March 2026 achieved a robust £130.6 million ($175 million), marking a significant 108.6 percent increase over the previous year's equivalent auction. The event was a "white glove" sale, with all 53 offered lots finding buyers, led by a Francis Bacon self-portrait that fetched £16 million. A notable highlight was a record-breaking £5.2 million sale for Leon Kossoff’s "Children’s Swimming Pool," which sparked a competitive ten-buyer bidding war.

Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

Sotheby's will auction a major collection of masterpieces by artists including Gustav Klimt, Henri Matisse, Lucian Freud, and Francis Bacon, consigned by Joe Lewis and his daughter Vivienne, whose family owns Tottenham Hotspur. The collection, expected to fetch over £150 million, is projected to become the most valuable ever offered in London, with highlights such as Klimt's 'Bildnis Gertrud Loew' (estimated £20-30m) and Egon Schiele's 'Danaë' (estimated £12-18m, potentially setting a new artist record). The works will be exhibited in New York and London before the June sales.