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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.

consignors new york november auctions 2025

New York's November 2025 auction season is set to feature at least $1.67 billion in art across Sotheby's, Christie's, and Phillips, a 54% increase in estimates from the same period last year. The season is dominated by major estates, including Leonard Lauder's $400 million trove at Sotheby's with Klimt paintings and Matisse bronzes, Cindy Pritzker's collection featuring a Van Gogh, and anonymous Surrealist works. Christie's offers $736 million in low estimates from collections like Robert and Patricia Weis, Elaine Wynn, and Stefan Edlis. Phillips remains risk-averse, focusing on established names. The market shows a flight to quality, with emerging art reduced and delegated to day sales, while ultra-contemporary segments contract.

one takeaway from art basel it remains a buyers market

Art Basel 2025 saw cautious buying despite optimistic statements from major dealers like Pace's Marc Glimcher, who claimed sales velocity was as vigorous as any year. However, collector attendance was thin, with American attendance down for the second year running due to trade tensions and geopolitical concerns. Deals were closing at 20 to 30 percent below asking prices, confirming a buyer's market. Sales ranged from a $245 collectible Labubu figurine by Kasing Lung to works by Wei Libo, Joyce Joumaa, Lonnie Holley, Joan Jonas, Hao Ling, Sarah Lucas, and Rosemarie Trockel, with most activity under $1 million.

consignors revealed new york auctions may 2025

The article reports on the upcoming May 2025 marquee auctions in New York at Christie’s, Sotheby’s, and Phillips, which carry a combined low estimate of about $1.2 billion—similar to last year. However, the market faces headwinds from U.S. trade wars, stock market volatility, high interest rates, and ongoing global conflicts. Major consignors include estates (Len Riggio, Anne Bass), living patrons (Tiqui Atencio, Norman Braman), dealers (Daniella Luxembourg, Barbara Gladstone, Enrico Navara), and institutions (SFMOMA, Virginia Museum of Fine Arts, Phillips Collection). Notable lots include Sheldon Solow’s $70 million Alberto Giacometti at Sotheby’s and Riggio’s $50 million Mondrian at Christie’s. Collector Peter M. Brant is revealed as the seller of Basquiat’s Baby Boom (1982) and a John Currin painting at Christie’s.

may 2025 art auctions consignors

The article previews the upcoming May 2025 marquee art auctions in New York, led by Christie's, Sotheby's, and Phillips. Key consignors include the collection of late Barnes & Noble founder Leonard Riggio and his wife Louise, along with works from Anne and Sid Bass, Tiqui Atencio, Daniella Luxembourg, the estate of Barbara Gladstone, and the San Francisco Museum of Modern Art. Notable lots include Dorothea Tanning's 'Endgame' (est. $1M–$1.5M), Robert Motherwell's 'Elegy to the Spanish Republic No. 160' (est. $3.5M–$5.5M), and Andy Warhol's 'Big Electric Chair' (est. $30M). The article also reveals undisclosed consignors through research, such as the family of Harold and Gertrud Parker for the Tanning work and the Hess Art Collection for the Motherwell.

art market 2026

The article reports on the outlook for the art market in 2026, following a difficult 2025. It notes signs of recovery, including decent sales in Miami and $2.2 billion in marquee New York auctions, but warns of a K-shaped recovery where some sectors will bounce back while others continue to struggle. The piece also highlights a major shift toward the Gulf region, with Art Basel launching in Qatar, Art Dubai celebrating its 20th anniversary, Frieze debuting in Abu Dhabi, and the long-awaited opening of the Guggenheim Abu Dhabi, all signaling commercial maturity in the area.

art basel miami beach 2025

Art Basel Miami Beach 2025 opened amid cautious optimism following the $2.2 billion New York auctions, with Google co-founder Sergey Brin and WhatsApp co-founder Jan Koum spotted in Miami. Dealers reported strong sales, including an $18.5 million Joan Mitchell painting at Gray purchased by dealer Lillian Heidenberg. The fair introduced a new digital art section, Zero 10, sponsored by OpenSea and curated by Eli Scheinman, aimed at attracting crypto-wealthy collectors and younger audiences. Meanwhile, Art Basel hired Elena Soboleva, formerly of David Zwirner, as global head of audience growth and intelligence to engage the next generation of collectors.

Frieze New York, the Cranach in Hitler’s Munich apartment, Ajamu X—podcast

This episode of The Art Newspaper's podcast covers several art-world stories. Ben Sutton and Kabir Jhala discuss the current edition of Frieze New York, alongside other concurrent fairs like Esther and Tefaf, and preview the upcoming New York auctions. Ben Luke interviews Martin Bailey about a Lucas Cranach the Elder painting, 'Cupid Complaining to Venus' (1526-27), which once hung in Adolf Hitler's Munich apartment, with a newly published photograph from the 1940s. The episode also features a segment on Ajamu X's 'Glamour Posse' series from the early 1990s, part of the touring exhibition 'Gender Stories' opening at the Walker Art Gallery in Liverpool, with comments from gallery head Charlotte Keenan.

‘The challenge will be to sustain it’: was the autumn art market boom more than just a blip?

The autumn art market saw a significant upturn, with strong sales at Frieze London, Art Basel Paris, and New York auctions, including a $236.4 million Klimt and a $2.2 billion auction week in New York—up 77% year-on-year. Emerging London galleries like Ginny on Frederick, Rose Easton, and A. Squire have reinvigorated Frieze London, while Paris benefits from luxury-house funding, with the Fondation Cartier and Fondation Louis Vuitton hosting major shows. However, concerns persist about sustainability, as geopolitical volatility and post-Brexit challenges continue to affect the market.

The 10 Best Booths at Art Basel Miami Beach 2025

Art Basel Miami Beach returned for its 23rd edition on December 3, 2025, with VIP previews at the Miami Beach Convention Center. The fair features 283 galleries from 43 countries, alongside nearly 20 satellite fairs including NADA and Untitled Art. Notable sales include a $5.5 million Gerhard Richter painting at David Zwirner and a $15 million Frida Kahlo miniature self-portrait at Weinstein Gallery. Director Bridget Finn expressed optimism about the fair's energy and its role in connecting contemporary art with music, fashion, and film.

The Top Collections Leading the May Marquee Auctions

The article reports that the May 2025 marquee auctions at Christie's and Sotheby's are being driven by a resurgence of major single-owner collections, reversing a period of trophy scarcity in the secondary market. Key collections include the $130 million Robert E. Mnuchin collection at Sotheby's, the personal collection of gallerist Marian Goodman at Christie's, and the S.I. Newhouse collection expected to generate around $450 million, featuring Jackson Pollock's 'Number 7A (1948)' and Constantin Brancusi's 'Danaïde (1913)'. The article notes that the ultra-high tier above $10 million rose 30% year-on-year, and single-owner collections in New York auctions totaled $730.9 million, an 89.9% increase from Q1 2025.

new york auctions recap

New York's marquee auction week delivered strong results, with Sotheby's and Christie's posting combined sales of nearly $2 billion. Sotheby's achieved a record $706 million evening at its new Breuer Building headquarters, driven by the Leonard Lauder estate sale, while Christie's $690 million 20th-century sale was up 41.9% from last November. Gustav Klimt's *Portrait of Elisabeth Lederer* sold for $236.4 million, setting a new auction record for the artist and becoming the most expensive Modern artwork ever sold at auction. Frida Kahlo's *El Sueño (La Cama)* fetched $54.7 million, a record for a work by a woman artist at auction.

art market minute nov 24

Last week's New York marquee auctions saw record-breaking sales and billions of dollars in transactions, providing a much-needed boost of confidence after nearly three years of market contraction. The article reviews top sales and notable flops from the week, analyzing how these results are shaping the current market outlook.

sothebys london contemporary evening summer sale report

Sotheby's London contemporary evening sale on Tuesday brought in nearly £62.5 million ($84 million), within its pre-sale estimate of £55 million to £74 million. The 48-lot sale achieved an 83% sell-through rate, with five works selling for over £5 million each, led by Tamara de Lempicka's 'La Belle Rafaëla' (1927) at £7.4 million and Pablo Picasso's 'Nu assis dans un fauteuil' (1964–65). The auction saw strong bidding for a Basquiat work on paper, 'Untitled (Indian Head)', which sold for £5.4 million, and a standout result for Yu Nishimura's 'through the snow' (2023), which tripled its high estimate at £230,000.

art market minute dec 15

The article reports on the state of the art market at the end of 2025, noting that while it has been a difficult year with three years of contraction, there are signs of improvement. Recent sales in Miami and $2.2 billion in marquee auctions in New York last month have boosted optimism. Factors such as lower interest rates and easing geopolitical tensions are contributing to a slightly rosier outlook for 2026, though the article warns that some sectors will recover while others may not for some time.

3 key insights from the art business conference new york

The sixth edition of the Art Business Conference took place in Midtown Manhattan on May 22, drawing over 200 art professionals including gallery staff, auction-house specialists, and lawyers. Chaired by former Artnet executive editor Julia Halperin and founded by Louise Hamlin, the event featured keynotes and panels addressing the state of the art market, legal challenges, and the impact of tariffs. Christie’s CEO Bonnie Brennan reported a $700 million haul from recent auctions, noting a thin top end but strong activity for female Surrealists and Simone Leigh sculptures. Advisors Megan Fox Kelly and Alex Glauber described the market as 'recalibrating' rather than in crisis, with buyers showing increased selectivity.

Miami Art Week 2025: Your Essential Guide to the Fairs, Exhibits, and Chaos

Miami Art Week 2025 takes place December 2-7, transforming Miami Beach and Wynwood into a sprawling art hub anchored by Art Basel Miami Beach, which features 281 galleries from 43 countries. The week includes over a dozen major fairs such as SCOPE, NADA, UNTITLED, and Pinta, alongside off-program events like street art battles at the Museum of Graffiti, a collaborative mural by RETNA and El Mac at Wynwood Walls, and David LaChapelle's world premieres at VISU Contemporary. The event follows record-breaking New York auctions totaling over $1.5 billion, including a $236 million Gustav Klimt and a $55 million Frida Kahlo.

NADA Miami and Untitled Art Test the Temperature of the Mid-Tier and Emerging Markets

NADA Miami and Untitled Art opened on December 2, 2024, in Miami Beach, both targeting the mid-tier and emerging art markets. The fairs saw strong early sales and a predominantly American and local audience, with fewer European and Asian collectors than in previous years. Dealers reported a rebound in market confidence, with sales activity signaling a recovery in the mid-career and emerging segments, though not reaching the frenzy of earlier boom periods. The fairs also showcased a shift away from bright figuration and identity politics toward deeper reflections on reality, mediatization, and materiality.

14 artists having major museum moments in 2026

The article previews 14 artists who will have major museum exhibitions in 2026, highlighting key shows such as a long-awaited US retrospective of Marcel Duchamp, a Calder exhibition in Paris, and a Rothko show in Florence. It also details concurrent auction highlights at Christie's New York, including works from the S.I. Newhouse collection by Brancusi, Lichtenstein, Matisse, and Pollock. Specific exhibitions covered include "Krasner and Pollock: Past Continuous" at the Metropolitan Museum of Art, a Roy Lichtenstein retrospective at the Whitney Museum, and multiple European shows for Constantin Brancusi's 150th anniversary.

This month’s New York auctions could bring up to $2.3bn

New York's leading auction houses, including Sotheby's and Christie's, expect to generate between $1.7bn and $2.3bn during their November sales, driven by major consignments such as 55 works from the estate of Leonard Lauder and 37 works from the collection of Jay and Cindy Pritzker. Sotheby's, which has moved its headquarters into the former Whitney Museum's Breuer Building, leads the season with estimated sales of $863m to $1.175bn, featuring Gustav Klimt's Portrait of Elisabeth Lederer (estimated at $150m) and Frida Kahlo's El Sueño (La Cama) (estimated at $40m-$60m).

A young Richter’s painting of an even younger Polke and a once-grimy Brazilian landscape by Frans Post: our pick of the May auctions

The article previews five major lots coming to auction in New York in May 2025, spanning Phillips, Sotheby's, Christie's, and Bonhams. Highlights include Gerhard Richter's 'Mann mit zwei Kindern' (1966), a portrait of Sigmar Polke estimated at $4–6 million; Frans Post's 'View of Olinda with Ruins of the Jesuit Church' (1666), estimated at $6–8 million and expected to break the artist's record; Andy Warhol's 'Big Electric Chair' (1967–68), estimated around $30 million; and Fernando Botero's 'The Bed' (1982), estimated at $700,000–$1 million. Each work is making its auction debut or is a rare market appearance.

Who Owns the Megayachts Docked Outside the Venice Biennale?

The article examines the megayachts docked outside the Venice Biennale, focusing on the 170-foot vessel 'Private GG' owned by Giancarlo Giammetti, cofounder of the Valentino fashion house. Giammetti, a serious art collector, was in Venice for the Biennale opening, posting photos of artworks and a dinner with actress Salma Hayek and her husband François-Henri Pinault, a major art collector. The yacht, built in 2022 by CRN, features luxury amenities including a jacuzzi, cinema saloon, and beach club.

barbra streisand regrets selling gustav klimt

Barbra Streisand posted on Instagram expressing regret over selling Gustav Klimt's "Ria Munk on her Deathbed" (1912), which she owned for 30 years. The post came three days after another Klimt portrait set a record at auction. Streisand bought the painting in 1969 for $17,000 and sold it in 1999, explaining she had shifted her interest to Frank Lloyd Wright and the Arts & Crafts movement.

Comment | Latest auctions prove Old Masters are not ‘out of fashion’

Recent Old Master auctions in New York have defied narratives of market decline, totaling over $185 million across Sotheby’s and Christie’s. High-profile sales included a newly discovered Michelangelo drawing for $27.2 million, a Canaletto masterpiece for $30.5 million, and a record-breaking Rembrandt drawing sold for $17.8 million. These results, alongside the Italian state's $14.9 million acquisition of an Antonello da Messina, suggest that historical masterpieces remain premier "civilisational assets" and stable financial havens during periods of economic volatility.

In a ‘K-shaped’ economy, the art market's recovery could rely on the super-rich

Sotheby's and Christie's held a series of high-profile auctions in New York in late 2025, generating a combined $2.2 billion from major collections including the Leonard A. Lauder collection, the Cindy and Jay Pritzker collection, and the Robert F. and Patricia G. Ross Weis collection. Star lots included Gustav Klimt's portrait of Elisabeth Lederer ($236.4m), a Vincent van Gogh still life ($62.7m), a Frida Kahlo self-portrait ($54.7m), and a Mark Rothko abstract ($62.2m). Despite these strong results, the total was still 30% below the equivalent sales in 2022, and the article notes a growing number of contemporary gallery closures in 2025.

The art market bites back as estimates fail to score

Sotheby’s, Christie’s and Phillips raised a combined $1.27bn from their May 2025 marquee auctions of Modern and contemporary art in New York, an 8% decline from the same period last year, according to data from London-based auction analysts Pi-eX. The highest-priced lot, Alberto Giacometti’s 1955 bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70m, failed to sell, while Andy Warhol’s *Big Electric Chair* (1967), valued at $30m, was withdrawn before Christie’s auction to avoid a similar fate. The downturn is attributed to geopolitical uncertainty under Donald Trump’s presidency, including tariffs announced on April 2, which have unsettled buyer confidence.