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This week's art industry roundup covers major personnel changes at Phillips, with Cheyenne Westphal stepping down as global chairwoman and Jean-Paul Engelen departing for Acquavella Galleries, alongside promotions of Robert Manley and Miety Heiden. Auction results show mixed performance: Christie's Riggio collection brought $488.8 million, but Sotheby's and Phillips saw declines, while Marlene Dumas set a record for a living woman artist at Christie's. Other highlights include the launch of Derrick Adams' Scout Art Fair in Baltimore, Art Basel's inaugural awards, and the opening of Destinee Ross-Sutton's gallery in Stockholm.

sothebys karpidas collection sale lots magritte surrealism 1234748729

Sotheby's has announced the headline lots for the upcoming sale of British socialite and arts patron Pauline Karpidas's collection, set to take place September 17–19 in London. The 250-item auction, described as the 'greatest collection of Surrealism to emerge in recent history,' is led by René Magritte's oil painting *La Statue volante* (1940-41), estimated at £9–12 million ($12–16 million). Other highlights include ten more Magritte works, four Andy Warhol pieces from his 'Art from Art' series, and works by Pablo Picasso, Salvador Dalí, and Leonora Carrington, along with furniture and design objects.

sothebys saunders old masters sale results 1234743514

A Sotheby's single-owner sale of 55 Old Masters works from the collection of Jordan and Thomas A. Saunders III on May 21 achieved $64.7 million, falling well short of the $80–120 million estimate. The evening sale had a 58.5% sell-through rate, with 17 lots unsold and two withdrawn; a subsequent day sale on May 22 saw a similar 58.3% rate. Top lots included Francesco Guardi's Venetian views at $10.5 million, a record $8.8 million for Jan Davidsz. de Heem, and a record $7.37 million for Frans Post. Despite these highlights, the overall performance was dampened by high estimates, shifting collector tastes, and the prevalence of guarantees.

How Pharrell’s Joopiter Is Redefining What an Auction House Can Be

Pharrell Williams launched his own auction platform, Joopiter, after finding traditional auction houses ill-suited to sell his collection of fashion, jewelry, and timepieces. The platform has rapidly expanded from single-owner sales into a multi-category auction house, handling luxury goods, sports memorabilia, pop culture artifacts, and contemporary art, with a recent headline lot being a $5 million Triceratops skeleton named Trey.

report rebounding art auction market 2025 arttactic 1234767509

ArtTactic's year-end report reveals that the global art auction market rebounded to $4.55 billion in 2025, an 11.1% increase from 2024. Sotheby's saw a 17% sales jump and Christie's a nearly 7% rise. Historic single-owner sales, including estates of Leonard Lauder, Cindy and Jay Pritzker, and Pauline Karpidas, drove recovery with $884.9 million in total. Old Masters, Impressionist, and modern art surged 42.3% year-on-year, while contemporary and post-war art lagged. The trophy market (works over $10 million) grew 19.4% to $1.48 billion, led by Impressionist art up 80.4% to $1.04 billion, fueled by three Gustav Klimt canvases from the Lauder collection.

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.

by the numbers a marathon night at sothebys moves 186 1 million worth of contemporary art 2646123

Sotheby's held a marathon night of three sales in New York, totaling $186.1 million in contemporary and ultra-contemporary art. The evening began with single-owner sales from the collections of the late dealer Barbara Gladstone and veteran dealer Daniella Luxembourg, both achieving 'white glove' results with no buy-ins. The main sale featured 42 lots, led by Jean-Michel Basquiat's *Untitled* (1981), which sold for $16.4 million. Overall, 66 of 69 lots sold, with a 94% sell-through rate, though the total fell short of the $234.6 million achieved in the equivalent sale last year.