Go Time! Gagosian Christens New Madison Avenue Space With Duchamp Readymades

Larry Gagosian is set to inaugurate a newly overhauled ground-floor gallery at 980 Madison Avenue on April 25, marking a major expansion within his long-time New York headquarters. The debut exhibition features the iconic readymades of Marcel Duchamp, including a rare version of 'Bicycle Wheel' and 'Fountain.' This move follows a period of uncertainty for the dealer after Bloomberg Philanthropies acquired the building, prompting Gagosian to invest significant resources into securing and transforming the street-level space.

bonhams new hq opens lubaina himi wins pamm prize

Auction house Bonhams has opened a new 42,000-square-foot flagship headquarters in New York's Steinway Hall, launching a month of exhibitions and sales. The Philadelphia Museum of Art appointed Katherine Anne Paul as its new curator of Indian and Himalayan Art, while the Pérez Art Museum Miami (PAMM) awarded its Fund for Black Art Acquisition Prize to Turner Prize-winning artist Lubaina Himid, acquiring her painting "Horn Seller." Several galleries announced new artist representations, including Bortolami with Nathlie Provosty and Deborah Schamoni with Mariann Metsis, and auction house Freeman's appointed two senior executives.

sothebys newly relocated to the breuer building reintroduces itself to new york

Sotheby's has relocated its New York headquarters to Marcel Breuer's iconic Brutalist building on Madison Avenue, formerly home to the Whitney Museum, the Met Breuer, and a Frick Collection outpost. After a renovation by Herzog & de Meuron that restored original gallery proportions and upgraded infrastructure, the auction house is inaugurating the space with a series of exhibitions featuring three major single-owner collections—Leonard A. Lauder, Cindy and Jay Pritzker, and Exquisite Corpus—estimated at over a billion dollars. Highlights include Gustav Klimts from the Lauder trove, a Van Gogh still life from the Pritzker collection, a Frida Kahlo painting expected to set a record for a woman artist, and a Basquiat work in the contemporary evening sale.

bonhams new hq 111 west 57th street

Bonhams has opened its new U.S. headquarters at 111 West 57th Street in New York, moving from its longtime Madison Avenue location into a 42,000-square-foot space within the restored Steinway Hall. The design features an 80-foot glass atrium, a grand staircase, and restored historic elements, aiming to create a transparent, cultural-center-like atmosphere rather than a traditional salesroom.

In major auction night, rare Klimt painting smashes records at $236.4 million

Sotheby's held its first sale at its new US headquarters in New York, where Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million, becoming the most valuable work of modern art ever sold at auction and the most expensive artwork ever sold by Sotheby's globally. The record-breaking 20-minute bidding war also saw strong results for works by Edvard Munch ($35.1 million) and a Klimt landscape ($86 million), while the evening's total reached $706 million. However, two top lots by Kerry James Marshall and Barkley L. Hendricks failed to sell, and Maurizio Cattelan's gold toilet "America" drew only a single bid from Ripley's Believe It or Not! for $12.1 million.

Cattelan's famous gold toilet goes up for auction: America for sale at Sotheby's

Maurizio Cattelan's iconic 2016 gold toilet sculpture, 'America,' will be auctioned at Sotheby's on November 18, 2025, during The Now and Contemporary evening auction. The starting bid will be tied to the fluctuating gold market price, currently around $10 million based on its 101.2 kg weight, and Sotheby's will accept cryptocurrency as payment. The work, a fully functional toilet made of 18-karat gold, was famously installed at the Solomon R. Guggenheim Museum in New York in 2016, where over 100,000 visitors used it, and was later stolen from Blenheim Palace in 2019. This is the only surviving version of the two originally made.

sothebys sells york avenue hq weill cornell breuer move

Sotheby's has sold its longtime New York headquarters at 1334 York Avenue to Weill Cornell Medicine, marking the final step in a major real estate transformation. The auction house will lease back floors 7–10 under a long-term lease while relocating its global headquarters to the Breuer Building at 945 Madison Avenue, which opens November 8 with a blockbuster exhibition. Sotheby's also acquired Gantry Point, a 240,000-square-foot complex in Long Island City, in 2023. CEO Charles Stewart stated the sale proceeds will reduce debt and invest in core business.

$45 million Basquiat painting heads to auction for the first time.

Sotheby's will auction Jean-Michel Basquiat's painting *Crowns (Peso Neto)* (1981) in its contemporary evening sale in New York this November, with an estimate of $35–$45 million—the highest ever for a Basquiat work from 1981. The painting, making its auction debut, was featured in Basquiat's breakthrough solo show at Annina Nosei Gallery in 1982 and later exhibited at documenta 7 in 1983 and the artist's retrospective at Fondation Louis Vuitton in 2018. It will tour London and Paris before being presented at Sotheby's new New York headquarters in the historic Breuer building.

Sotheby’s will open its new Breuer Building HQ in New York on November 8th.

Sotheby's announced it will open its new global headquarters at the Breuer Building on Madison Avenue in New York on November 8th. The inaugural weekend will feature a major exhibition of modern and contemporary art, with marquee auctions scheduled for the week of November 17th. The building, originally designed by Bauhaus architect Marcel Breuer for the Whitney Museum, has been renovated by Herzog & de Meuron in collaboration with PBDW Architects, adding new salesrooms, climate control, and a second-floor gallery while preserving the original design.

Sotheby’s Sued by Cushman & Wakefield Over $10.2 Million Commission

sothebys lawsuit cushman wakefield commission lawsuit

Sotheby’s is facing a lawsuit from real estate firm Cushman & Wakefield over an unpaid $10.2 million commission related to the $510 million sale of its former New York headquarters at 1334 York Avenue. The brokerage claims that its work securing Weill Cornell Medicine as a tenant in 2023 paved the way for the medical school's eventual purchase of the building, triggering a contractual 2 percent fee that the auction house has allegedly refused to pay.

Sotheby’s Owes Real Estate Firm $10.2 Million Commission: Lawsuit

Real estate giant Cushman & Wakefield has filed a lawsuit against Sotheby’s, alleging the auction house failed to pay a $10.2 million commission following the $510 million sale of its New York headquarters. The dispute centers on the building at 1334 York Avenue, which was sold to Weill Cornell Medicine in late 2025 after the medical institution initially leased several floors through a deal brokered by the real estate firm.