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.

Cindy and Howard Rachofsky’s Dallas Home Could Be Yours at a Discount, for $17.5 M.

Cindy and Howard Rachofsky, prominent art collectors and mainstays on the ARTnews Top 200 Collectors list, have reduced the asking price of their Dallas home, the Richard Meier–designed Rachofsky House, from $23 million to $17.5 million. The property, completed in 1996 and located in the affluent Preston Hollow neighborhood, has been on the market since October 2024. The Rachofskys, whose collection includes over 800 works, previously hosted the Two x Two gala in support of AIDS- and art-focused initiatives in Dallas, but stopped hosting the event in 2024.

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.

Basquiat’s 'Museum Security' leads Sotheby’s New York contemporary evening sale at US$52.7m

Jean-Michel Basquiat's 1983 painting 'Museum Security (Broadway Meltdown)' sold for US$52.7 million at Sotheby's Now and Contemporary Evening Auction in New York, becoming the fifth-most expensive Basquiat ever auctioned. The work, estimated at over US$45 million and backed by an irrevocable bid, hammered at US$45.3 million to a telephone bidder represented by Sotheby's Lucius Elliott. The auction totaled US$266.8 million with fees, selling 40 of 44 lots, and combined with the preceding Robert Mnuchin collection sale—led by Mark Rothko's 'Brown and Blacks in Reds' at US$85.8 million—the evening brought in US$433.1 million.

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.

La sede ad Albisola della Galleria Raffaella Cortese è più “un pensatoio che spazio espositivo”: la storia e le collaborazioni con gallerie d’arte emergente

Raffaella Cortese opened a small 12-square-meter space in Albisola Superiore, Italy, in June 2022, described as "more a think tank than an exhibition space." The venue, located near the Ligurian sea, honors the town's legacy as a center for contemporary ceramics from the 1950s to the 1970s, hosting artists like Lucio Fontana and Asger Jorn. The space alternates works from Cortese's Milan gallery with collaborations from emerging galleries, such as Fanta-MLN of Milan (presenting Noah Barker's installation "lux principum" in 2023) and Gian Marco Casini Gallery of Livorno (featuring Clarissa Baldassarri's "Exposure value" in 2024). A future collaboration with Triangolo gallery of Cremona is scheduled for May–September 2026, showcasing Nicole Colombo's sculpture "Rosario (to the moon and back)."

La grande artista Carla Accardi e l’arte italiana sono da record nell’asta da Dorotheum a Vienna

Dorotheum opened its Contemporary Week in Vienna on May 19, 2026, with modern and contemporary art sales that achieved strong results, particularly for Italian artists. Carla Accardi set a new auction record when her 1986 triptych *Fonda Notte Pieno Giorno* sold for €520,000, while works by Piero Dorazio, Emilio Vedova, Marino Marini, and Gino Severini also far exceeded their estimates. Top lots included Claude Monet’s *Waterloo Bridge* (€611,000) and Mikuláš Medek’s *Too Deep a Sleep V* (€546,000).

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).

In Lombardia la Fondazione dello scultore Giancarlo Sangregorio inaugura un nuovo spazio dentro un parco

The Fondazione Giancarlo Sangregorio in Sesto Calende, near Varese, has inaugurated a new exhibition space called Spazio Luce, created from the renovation of an old rural building. The space opens with the show "Incontri. Da Fontana a Baj, da Rotella a Mondino. Una collezione svelata," curated by Lorella Giudici, featuring 34 works from Sangregorio's personal collection, including pieces by Lucio Fontana, Enrico Baj, Mimmo Rotella, Aldo Mondino, and Giancarlo Sangregorio himself. The exhibition runs from May 16 to September 27, 2026.