Art News. Vasari Codex

trending_up market schedule May 16, 2025 visibility 24 link 16 artists, 1 gallery

‘Halo effect’ of powerful art dealers’ collections boosts Sotheby’s sale

Sotheby's held a successful three-part evening auction in New York on May 15, 2025, achieving a total of $154.2 million in hammer sales ($186.1 million with fees), within its pre-sale estimate. The sale included 12 lots from the estate of late dealer Barbara Gladstone, which sold 100% for $15.1 million, and 15 works from the collection of Daniella Luxembourg, which brought $33.6 million. The main event, Sotheby's The Now and Contemporary evening auction, featured 41 lots—including works from the Dorothy and Roy Lichtenstein collection and three deaccessioned by US museums—and achieved a 93% sell-through rate, hammering $105.4 million. A standout was Andy Warhol's 'Flowers' (1964) from the Gladstone estate, which sold for $3.1 million hammer, more than double its high estimate.

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person people schedule May 1, 2025 visibility 11 link 5 artists

Christie’s names new global president

Christie’s has appointed Alex Rotter as its new global president, marking another leadership change at the auction house. Rotter, who previously led the 20th- and 21st-century art department, will retain those responsibilities while developing strategies for auction and private sales. He joined Christie’s in 2017 and oversaw record-breaking sales including Jeff Koons’s *Rabbit* ($91.1m), Andy Warhol’s *Shot Sage Blue Marilyn* ($195m), and the *Salvator Mundi* attributed to Leonardo da Vinci ($450.3m). The appointment was made by CEO Bonnie Brennan, who succeeded Guillaume Cerutti earlier this year.

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trending_up market schedule May 13, 2025 visibility 19 link 8 artists

Record-breaking female Surrealists spice up underwhelming Christie’s New York sales

Christie’s New York spring sales brought in a combined $489 million across two evening auctions, including the Leonard and Louise Riggio collection ($272 million) and a 20th-century evening sale ($216 million). While sell-through rates were high at 94%, bidding was shallow and several high-profile lots underperformed: a Mondrian estimated at $50 million sold for $47.6 million, a Magritte from the Empire of Light series matched its 2023 price at $34.9 million, and a Lucio Fontana canvas that sold for $14 million in 2017 fetched just $7.5 million. Andy Warhol’s Big Electric Chair was withdrawn last minute amid a reported $10 million gap between seller and buyer expectations. The sales were bolstered by third-party guarantees and came hours after news of a temporary US-China tariff détente.

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