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trending_up market schedule May 19, 2025 visibility 19 link 8 artists

rago wright post war contemporary art auction may 2025

Rago/Wright's Postwar and Contemporary Art sale in New York will take place on May 21, 2025, featuring over 200 lots of 20th- and 21st-century works including painting, drawing, photography, and sculpture. Highlights include Nick Cave's *Soundsuit* (2010), Deborah Butterfield's *Red* (1992), Cindy Sherman's *Untitled #416* (2004), Tom Wesselmann's *From Nude Painting Print* (1988/1989), and Bernard Buffet's *Bouquet jaune fond orange* (1966), with estimates ranging from $70,000 to $150,000. Previews will be held in New York and Lambertville, New Jersey from May 13 to May 21.

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Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales at Sotheby's, Christie's, and Phillips fell to $3.98 billion in the first half of 2025, a 6% decline from the same period in 2024 and the lowest total in at least a decade excluding the pandemic. Postwar and contemporary art, the traditional growth engine, dropped 19%. ArtTactic cites lingering concerns over global economic growth, inflation, and geopolitical tensions as dampening confidence, even as wealthy individuals' personal wealth and stock markets reach record highs.