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The 20 Most Expensive Artworks Hitting the Auction Block This Season

The May 2026 New York auctions at Christie’s, Sotheby’s, and Phillips will feature 20 high-value lots priced at $30 million or more, including works by Andy Warhol, Jasper Johns, Pablo Picasso, Piet Mondrian, Jackson Pollock, Willem de Kooning, Cy Twombly, Gerhard Richter, and others. The sales are staggered around the Venice Biennale and Frieze New York, with Sotheby’s holding its contemporary evening auction on May 14 and Christie’s its 20th-century sale on May 18. Notable consignments come from the estates of S.I. Newhouse, former MoMA board president Agnes Gund, and dealer Marian Goodman.

from artemisia gentileschi in paris to yoshitomo naras u k debut 9 must see european museum shows in 2025 2578017

Artnet News highlights nine must-see European museum exhibitions opening in 2025, spanning from Amsterdam to Zurich. Featured shows include Noah Davis's first U.K. museum survey at the Barbican in London, a dual Anselm Kiefer exhibition at the Van Gogh Museum and Stedelijk Museum in Amsterdam, Tracey Emin's first major Italian retrospective at Palazzo Strozzi in Florence, and a dedicated Artemisia Gentileschi show at Musée Jacquemart-André in Paris. Other notable exhibitions cover Marlene Dumas, Yayoi Kusama, and Yoshitomo Nara, among others.

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This week's art industry roundup covers major developments including the sale of Frieze to Hollywood powerbroker Ari Emanuel for $200 million, the opening of Frieze New York amid a cautious market, and the appointment of Alexander Rotter as global president of Christie's. Other highlights include the collapse of a record $32 million Gustav Klimt sale due to restitution issues, Phillips adding country-of-origin details to lot descriptions due to tariff confusion, and gallery moves such as Petzel now representing Tschabalala Self and Hauser & Wirth selling its Upper East Side townhouse for $10.5 million. The Mellon Foundation announced $15 million in emergency funds for state arts councils to offset cuts by the National Endowment for the Humanities.

forget blue chip art its a red chip art world now 2607301

The article introduces and defines the concept of "red-chip art," a new category of art collecting that rejects traditional art-historical reverence in favor of aesthetics rooted in street art, graffiti, super-flat cartoons, multi-colored chrome, and crypto culture. It describes red-chip collectors as mysteriously affluent millennials, techies, hip-hop visionaries, and crypto aspirants who gravitate toward artworks that resemble toys, limited-edition dolls, NFTs, and memecoins, often consumed at venues like the Eden Fine Art gallery at the Wynn in Las Vegas or parties during Art Basel Miami Beach. Key artists associated with this movement include KAWS, George Condo, Virgil Abloh, Tom Sachs, Alex Israel, Damien Hirst, Harmony Korine, Yoshitomo Nara, and Banksy, with Jeff Koons and Takashi Murakami seen as transitional "purple chip" figures.

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This edition of State of Play, part of Artnet Pro's Asia Pivot newsletter, reports on recent developments across Asia's art world. Taipei Dangdai Art and Ideas and Art Busan both concluded with slower sales and reduced attendance, citing economic and geopolitical uncertainty. Meanwhile, Art Basel announced a new fair in Doha for February 2026, and more Asian galleries are opening spaces in New York. In institutional news, philanthropist Yan Du is launching Yan Du Projects in London, the Simose Art Museum in Japan is hosting its first contemporary exhibition, and the Smithsonian's National Museum of Asian Art has repatriated looted Zidanku Silk Manuscripts to China.

emily fisher landau sothebys preview 2384875

Sotheby's will auction the collection of Emily Fisher Landau, a prominent Whitney Museum board member and avid art collector who died in March at age 102. The sale, comprising about 120 works from her estate, is led by Pablo Picasso's "Femme à la montre" (1932), estimated at over $120 million, alongside major pieces by Ed Ruscha, Jasper Johns, Cy Twombly, Mark Rothko, Andy Warhol, and Glenn Ligon. Fisher Landau amassed roughly 1,200 works over decades, displayed at her private Fisher Landau Center for Art from 1991 to 2017, and donated 417 works to the Whitney in 2010 alone.

institut restellinis amedeo modigliani catalogue raisonne 1234776379

Marc Restellini’s Institut Restellini is set to release a definitive six-volume catalogue raisonné for Amedeo Modigliani after four decades of research. The publication, which includes 100 newly authenticated works, utilizes a rigorous methodology combining advanced scientific analysis—such as spectrometry and carbon-14 dating—with traditional stylistic evaluation and archival documentation. To mark the launch, Pace Gallery will host events in London and New York in April.

pace modigliani art basel paris restellini 1234757110

Pace Gallery announced highlights for its Art Basel Paris presentation, including a major Amedeo Modigliani painting from 1918, *Jeune fille aux macarons (Young Woman with Hair in Side Buns)*, priced around $10 million. The work previews a new partnership between Pace and the Institut Restellini, founded by Modigliani scholar Marc Restellini. Restellini will collaborate with Pace on symposia in New York in 2026 and an exhibition in 2027, while his long-awaited Modigliani catalogue raisonné—authenticating 424 works—is set for publication in March 2025 by Yale University Press.

A $15M De Kooning Leads Lévy Gorvy Dayan’s New Auction-Style Sales Experiment

Lévy Gorvy Dayan is launching LGD Hammer, a new live-bidding platform that blends private sales with auction dynamics. The inaugural sale on May 16 will feature a 1984 Willem de Kooning painting estimated at $10–15 million, led by co-founder Brett Gorvy, a former auction veteran. The article also reports on gallery closures (Stephen Friedman Gallery, Galerie Philipp Zollinger, Astor Gallery), artist moves (Zoe Leonard to Maxwell Graham, Kehinde Wiley among creditors), and Sotheby’s upcoming single-owner sale of Joe Lewis’s collection expected to exceed $200 million.

The Venice Biennale’s Polite Fiction of Being ‘Above the Market’ Is Wearing Thin

The 61st Venice Biennale is underway, with art world figures flocking to Venice for the opening. While the Biennale is officially a non-selling curatorial platform, commercial interests are increasingly visible: galleries are funding artists' projects to recoup investments, auction houses like Christie's are hosting private selling exhibitions (including a 'Ghost Pavilion' at the Ca' Dario Palazzo), and fashion houses such as Bottega Veneta and Chanel are sponsoring events. Sotheby's has pulled support for the U.S. Pavilion, which is now crowdfunding, while Frieze is bankrolling the British Pavilion for a second time.

Process Is the Point at IFPDA Print Fair

The International Fine Prints and Drawings Association (IFPDA) Print Fair returned to New York’s Park Avenue Armory, featuring 80 global galleries, publishers, and print studios. The event showcased a diverse range of works, from 19th-century Japanese ukiyo-e masterworks by Hokusai to contemporary pieces by artists such as Kiki Smith, Julie Mehretu, and David Hockney. Notable highlights included Kiki Smith’s massive 12-foot watercolor "Wooden Moon" and Paula Rego’s influential abortion etchings, which were recently acquired by the Metropolitan Museum of Art.

see all artworks unlimited 2024 art basel switzerland 2498466

Art Basel's Unlimited sector opened on Monday at the Messeplatz in Basel, featuring 70 large-scale projects selected from 93 galleries. Curated by Giovanni Carmine, the showcase includes works such as Agnes Denes' wheat field installation, Mario Ceroli's peace-themed flags, Christo's wrapped Volkswagen Beetle (priced at $4 million), and pieces by Lutz Bacher, Alex Da Corte, and Anna Uddenberg. VIP collectors and museum directors, including Paul Ettlinger and Chris Dercon, were among the first attendees, with galleries using early social media posts to signal status and generate buzz.

a tale of four cities 2534038

Artnet News and Morgan Stanley have released a report analyzing the global art auction market across four major cities—London, Paris, Hong Kong, and New York—over the period from 2013 to 2023. Total auction sales for the first half of 2024 fell to $5.05 billion, down from $7.17 billion in the same period of 2023. The report highlights a dramatic 49 percent decline in London's auction sales following the 2016 Brexit vote, while New York has maintained its dominant position, driven by blockbuster collections like those of Peggy and David Rockefeller and Paul G. Allen. Hong Kong saw growth until the Chinese property crisis in 2022, and Paris has gained ground post-Brexit, with sales up 30 percent over 2013.

sothebys surrealism paris cass art prize morning links 1234758920

Two suspects have been arrested in connection with the theft of Napoleonic jewels from the Louvre on October 19, including pieces once owned by Emperor Napoleon III and Empress Eugénie. French authorities detained one man at Charles de Gaulle Airport as he prepared to board a flight to Algeria, and both suspects are in their 30s from the Seine-Saint-Denis area. A newly surfaced video allegedly shows the thieves escaping with $102 million worth of jewelry via a furniture lift; eight artifacts remain missing. Separately, Sotheby's Paris achieved record-breaking totals for Surrealist and modern art auctions during Art Basel Paris, with a Modigliani painting selling for €27 million, the most expensive work ever sold by Sotheby's in France.

state of play april 23 guy ullens death 2635815

Belgian billionaire Guy Ullens, a key figure in promoting Chinese contemporary art, died at age 90. His death was announced by the Ullens Center for Contemporary Art (UCCA) in Beijing, which he founded in 2007 as one of China's first privately run contemporary art centers. The article also covers Art Basel Hong Kong, Art Dubai's digital art sales, Gallery Weekend Beijing's new invitation-only system, Bluerider Art's expansion to Los Angeles, the appointment of Ho Tzu Nyen as artistic director of the 16th Gwangju Biennale, the Turner Prize 2025 shortlist, the opening of New Taipei City Art Museum, and Saudi Arabia's new typefaces.

tefaf fair maastricht edition undaunted global unrest 2026 1234776712

The 2025 edition of TEFAF Maastricht has opened with 277 dealers from 24 countries, showcasing 7,000 years of art history despite significant geopolitical instability in the Middle East. While the fair remains a premier destination for Old Masters and high-end antiques, exhibitors are navigating logistical hurdles caused by regional conflicts and airport closures in major transit hubs like Dubai.

sothebys 70 million giacometti bust may auction 1234739396

Sotheby’s will offer Alberto Giacometti’s 1955 bronze bust *Grande tête mince (Grande tête de Diego)*, hand-painted by the artist as a tribute to his brother Diego, at its May 13 modern art evening sale in New York with an estimate exceeding $70 million. The 25-inch-tall work, one of six casts, is being sold anonymously through the Soloviev Foundation and comes from the estate of real estate magnate Sheldon Solow. It was exhibited at the 1956 Venice Biennale and spent nearly two decades at the Fondation Maeght before Solow acquired it in 1980. The sale also includes a Piet Mondrian painting estimated at $50 million at Christie’s as part of the Leonard Riggio collection.

Los Angeles County Museum of Art’s new David Geffen Galleries reframe 6,000 years of history

The Los Angeles County Museum of Art (LACMA) is preparing to open its new $720m David Geffen Galleries, a massive undulating concrete structure designed by Pritzker Prize-winning architect Peter Zumthor. Spanning Wilshire Boulevard, the new building adds 110,000 square feet of gallery space and 3.5 acres of public parkland, marking the completion of a two-decade capital project led by Director Michael Govan. The facility will house the museum’s permanent collection, which has been largely out of public view for seven years, and features innovative exhibition strategies such as hanging artworks directly onto concrete walls.

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Jussi Pylkkanen, former Christie's chairman, analyzes the upcoming New York 20th and 21st Century Art sales, noting a return to market confidence after strong European auctions in London and Paris aligned with Frieze and Art Basel Paris fairs. Christie's London posted its best October sales since 2018, Sotheby's had its most valuable Paris season, and a Picasso portrait sold for $37 million at Hôtel Drouot. The season shows a shift from speculative buying toward established artists like Bacon, Freud, Picasso, and Klimt, with 27 works valued over $10 million, led by Gustav Klimt's *Portrait of Elizabeth Lederer* from the Leonard Lauder collection, estimated to exceed $150 million at Sotheby's.

met revamp african and oceanic galleries 2651376

The Metropolitan Museum of Art has unveiled its renovated Michael C. Rockefeller Wing, featuring 1,800 objects from 663 cultures across Africa, Oceania, and the ancient Americas. The $70 million, 12-year project includes Fang masks, ceremonial dance paddles, and 15-foot funerary poles, with a multi-day celebration that featured a sunrise blessing. The wing, named after Nelson Rockefeller's son who disappeared in 1961, opened in 1982 and was revitalized as part of a master plan by Beyer Blinder Belle Architects.

rashid johnson nosedive auction 2644742

Rashid Johnson's mixed media work *Untitled Escape Collage* sold for $292,100 at Phillips's Modern and contemporary art day sale in New York on May 14, falling short of its low estimate and representing a 72 percent loss in value for the consignor, who had purchased it for $816,500 at the same auction house in 2022. The disappointing result coincides with Johnson's solo exhibition at the Guggenheim Museum in New York.

new york frieze auctions 2642395

Frieze New York kicked off at the Shed in Hudson Yards with a notable sale: Jeff Koons's Incredible Hulk sculpture (Tubas) purchased for around $3 million, signaling a reunion between the artist and Gagosian after his departure to Pace in 2021. Despite a cautious market amid President Trump's tariff uncertainties, dealers reported better-than-expected sales on VIP day, with a focus on affordable works in the $50,000-to-$200,000 range. However, challenges emerged including U.S. Customs delays affecting international shipments and tariff confusion that led some fashion designers to withdraw from the Esther II fair.

here are the winners of the first art basel awards 2644602

Art Basel has announced the winners of its first-ever Art Basel Awards, a new global honors program recognizing excellence across the contemporary art world. The 36 medalists include artists such as David Hammons, Lubaina Himid, Joan Jonas, and Adrian Piper, as well as patrons, curators, museums, and other art-world figures. The awards were unveiled at a press event in New York, with CEO Noah Horowitz and director Vincenzo de Bellis outlining the structure: medalists will later select 12 gold medalists, with up to six artists receiving $50,000 each and a commission for the 2026 Art Basel fair. The jury includes prominent museum directors and curators from around the world.

sothebys will sell the 500 million collection of the late art patron emily fisher landau the markets most coveted consignment this fall 2361799

Sotheby's has won the consignment of the late Emily Fisher Landau's art collection, valued at approximately $500 million, making it the most anticipated single-collector sale of the fall auction season in New York this November. The star lot is Pablo Picasso's 1932 portrait "Femme à la montre (Woman With a Watch)," estimated to fetch over $120 million, alongside major works by Mark Rothko, Ed Ruscha, Jasper Johns, and Andy Warhol.

as costs rise dealers in asia take a pragmatic approach to fair participation 2641645

The article reports that two major Asian art fairs, Taipei Dangdai Art and Ideas and Art Busan, are currently running through May 11, but both have seen significant drops in exhibitor numbers. Taipei Dangdai is down 32% to 53 galleries, while Art Busan is off 16% to 109 galleries. Dealers cite rising costs, geopolitical uncertainties, and fair fatigue as reasons for a more selective, pragmatic approach to participation, focusing on regional fairs and transactional value over visibility.

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London's Stephen Friedman Gallery is facing serious financial difficulties, with its 2024 financial reports overdue and its 2023 accounts revealing a loss of £1.7 million. The gallery, which recently expanded with a large new London space and a New York outpost, is reliant on external financing and negotiations with creditors to continue operating, casting significant doubt on its future viability.

expo chicago 2025 report 2636866

Expo Chicago 2025 wrapped on Sunday with upbeat energy and larger crowds than usual, thanks to a scheduling change that allowed VIPs earlier access. The fair, now in its second edition under Frieze ownership, featured 170 exhibitors, a new magazine with artist profiles of Caroline Kent and Nick Cave, and a partnership with KIAF and the Galleries Association of Korea that brought 20 Korean galleries. Dealers reported healthy sales, including a sold-out presentation by Jaylon Hicks at Maximilian Williams gallery, with works priced from $3,000 to $20,000. Frieze leaders attended major events, signaling continued commitment to Chicago nearly two years after acquiring the fair.

Discover 10 Highlights from Art Basel Paris 2025

Art Basel Paris 2025, now in its fourth edition, took place from October 22–26 at the restored 1900 Paris Exposition venue, a Beaux-Arts landmark with Art Nouveau iron and glasswork. The fair hosted 206 international galleries and introduced a new 'Avant-Première' V.V.I.P. day on October 21, where each gallery could allocate six guest passes. Blue-chip sales were swift, led by Hauser & Wirth selling Gerhard Richter's *Abstraktes Bild* (1987) for $23 million to a European collector. Other notable sales included Bruce Nauman's neon sculpture *Masturbating Man* for over $4.7 million and Amedeo Modigliani's *Jeune fille aux macarons* (1918) for $10 million at Pace Gallery. The fair also featured curatorial sectors Emergence (16 solo presentations by emerging artists) and Premise (ten historical projects with works predating 1900).

$23 million Gerhard Richter painting leads Art Basel Paris opening sales.

Art Basel Paris opened its 'Avant Première' day at the Grand Palais on October 21, 2025, with strong early sales led by Hauser & Wirth's sale of Gerhard Richter's *Abstraktes Bild (Abstract Painting)* (1987) for $23 million. Other notable sales included Julie Mehretu's *Charioteer* (2007) for $11.5 million at White Cube, Amedeo Modigliani's *Jeune fille aux macarons* (1918) for just under $10 million at Pace Gallery, and a Ruth Asawa sculpture for $7.5 million at David Zwirner. The fair, running through October 26, features 203 galleries and introduced the exclusive preview day as a new scheduling element.

How to Take Great Photographs of Art, According to Artists

Contemporary gallery-going has become synonymous with digital documentation, as visitors increasingly use smartphones to capture paintings, sculptures, and installations. This shift from passive observation to active photography serves as a method of personal archiving, allowing viewers to preserve the fleeting experience of a physical exhibition and share it within their social circles.