ruth asawa moma smithsonian closes morning links 1234756779

The Smithsonian Institution, a government-funded museum network in Washington, D.C., was forced to close this weekend due to the ongoing U.S. government shutdown, marking another blow after repeated attacks by the Trump administration. Meanwhile, a traveling Ruth Asawa retrospective opening at New York's Museum of Modern Art on October 19 is reportedly the museum's largest show ever dedicated to a woman artist, featuring 376 works across 16,000 square feet, though MoMA has not officially confirmed this record. Other news includes a forgotten Paul Gauguin painting heading to auction at Artcurial, Sotheby's seeking third-party guarantees for three Klimt paintings from the Leonard Lauder collection, a reattributed Liotard portrait, and Chilean artist Cecilia Vicuña winning the 2025 Roswitha Haftmann Prize. Additionally, musician Kate Bush has invited 52 UK visual artists to donate works for an auction benefiting War Child, aiding children affected by war in Gaza, Ukraine, Sudan, Syria, and elsewhere.

ruth asawa moma smithsonian closes morning links 1234756779

The Smithsonian Institution, a government-funded museum network in Washington, D.C., was forced to close this weekend due to the ongoing government shutdown, marking another blow after repeated attacks by the Trump administration. The National Gallery of Art had already closed the previous weekend, while the Smithsonian had used its own funds to stay open until now. Separately, a traveling Ruth Asawa retrospective opening at New York's Museum of Modern Art on October 19 is reportedly the museum's largest show ever dedicated to a woman artist, featuring 376 works across 16,000 square feet, though MoMA has not officially confirmed this record. Other news includes a forgotten Paul Gauguin painting heading to auction at Artcurial, Sotheby's seeking third-party guarantees for three Klimt paintings from the Leonard Lauder collection, a reattributed Liotard portrait, and Chilean artist Cecilia Vicuña winning the 2025 Roswitha Haftmann Prize.

ruth asawa moma smithsonian closes morning links 1234756779

The Smithsonian Institution, a government-funded museum network in Washington, D.C., was forced to close this weekend due to the ongoing U.S. government shutdown, marking another blow after repeated attacks by the Trump administration. Meanwhile, a traveling Ruth Asawa retrospective opening at New York's Museum of Modern Art on October 19 is reportedly the museum's largest show ever dedicated to a woman artist, featuring 376 works across 16,000 square feet, though MoMA has not officially confirmed this record. Other news includes a forgotten Paul Gauguin painting heading to auction at Artcurial, Sotheby's seeking third-party guarantees for three Klimt paintings from the Leonard Lauder collection, a reattributed Liotard portrait, and Chilean artist Cecilia Vicuña winning the 2025 Roswitha Haftmann Prize. Additionally, musician Kate Bush has invited 52 UK visual artists to raise money for children affected by war through an online auction.

christies edlis neeson sale 124 million 2716072

Christie's 21st-century evening sale in New York on Wednesday night achieved $123.6 million, just below its $126 million high estimate and 16% above last year's sale. The sale featured 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson, which brought in $49.2 million against a $30 million estimate. The top lot was Christopher Wool's "Untitled (RIOT)" (1990), selling for $19.8 million. New auction records were set for Firelei Báez ($1.1 million) and Olga de Amaral ($3.1 million). Only one of 45 lots failed to sell—a Cecily Brown painting estimated at $4–6 million. The sale was characterized by careful use of third-party guarantees and lowered reserves, with art advisor Aileen Agopian noting bidding was "deep and robust" despite a flat atmosphere.

London Saw Few Auction Shakeups as Guarantees Steadied the Market

Christie’s marquee evening sales in London achieved a combined total of £197.5 million ($263.8 million), characterized by a steady, prearranged atmosphere rather than high-stakes drama. The auction house relied heavily on financial safety nets, with a 52 percent year-over-year increase in third-party guarantees ensuring the sale of 21 key lots. While the event featured a theatrical unveiling of a new rostrum designed by Sir Jony Ive, the actual bidding remained largely conservative and focused on blue-chip stability.

Kicking off New York November sales, Christie's nets healthy $690m from double-header 20th-century auction

Christie's kicked off New York's November auction season with a double-header 20th-century evening sale on November 17, achieving $574.7 million before fees and $690 million with fees. The sale featured 80 lots, including 18 from the collection of supermarket magnate Robert Weis and his wife Patricia Ross Weis, which alone tallied $184.5 million ($218 million with fees). Highlights included Pablo Picasso's *La Lecture (Marie-Thérèse)* selling for $45.4 million, Mark Rothko's *No. 31 (Yellow Stripe)* for $62.1 million, and a record $2.5 million for Leonor Fini's *Dans la tour (Autoportrait avec Constantin Jeleński)*. The sell-through rate was 94%, with two artist records set.

phillips modern contemporary sale london 2751222

Phillips’s Modern and contemporary evening sale in London concluded with a total of £13 million ($17.3 million), marking a 16 percent decline compared to the previous year's equivalent auction. The sale was led by Andy Warhol’s "Mao" and Vilhelm Hammershøi’s "Interior of Woman Placing Branches in Vase on Table," both of which fetched £1.6 million including fees. Despite the overall contraction in total sales, the auction saw a significant breakout for Danish painter Anna Ancher, whose work "Young Girl Reading a Letter" sold for £154,800, tripling its high estimate and setting a new auction record for the artist.

Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.

School of London Masterworks Drive Sotheby’s £131M Modern & Contemporary Sale

Sotheby’s kicked off the spring auction season in London with a Modern and Contemporary Evening Sale that generated £131 million ($177.4 million) including fees. The auction saw a high 98 percent sell-through rate, bolstered by the sale of four significant works from the collection of financier Joe Lewis. The top lot was Francis Bacon’s 1972 "Self-Portrait," which fetched £16.03 million, while a new auction record was established for Leon Kossoff.

The Art Market Year in Review

The art market experienced a turbulent 2025, beginning with a 12% decline in sales from 2024, following a 3% drop in 2023, as reported by the Art Basel and UBS Global Art Market Report. Major auction houses Christie’s, Sotheby’s, and Phillips saw average sales fall 6% in the first half of the year. However, the market rebounded by autumn, with strong sales at London and Paris art fairs and a 15% year-on-year increase in auction sales at the three main houses by December, according to Pi-eX. Key events included Sotheby’s failed sale of Alberto Giacometti’s *Grand tête mince* in May, followed by a record-breaking $236 million sale of Gustav Klimt’s *Portrait of Elisabeth Lederer* in November, and a $31.4 million record for François-Xavier Lalanne’s *Hippopotame Bar*.

Bank of America ArtTactic Art Market Report 2026 Trends

b of a arttactic art market report 2026 trends 1234776748

The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.

christies edlis neeson collection 21st century art stats 2716423

Christie’s evening sale of 21st-century art on Wednesday achieved $123.6 million in total sales, including 19 lots from the collection of the late Stefan Edlis and his widow Gael Neeson. The top lot was Christopher Wool’s *Untitled (RIOT)* (1990), which sold for $19.8 million. The sale had a 97 percent sell-through rate, with 36 of 45 lots guaranteed, and the hammer total of $99.7 million exceeded the presale low estimate of $87.5 million. A notable moment was a seven-minute bidding war for a Diego Giacometti coffee table owned by Edlis and Neeson, which sold for $3.65 million against a $1.5–2.5 million estimate.

christies hauls in 690 million at robust 20th century art sale led by 62 million rothko 2714467

Christie’s kicked off the fall auction season in New York with a two-part 20th-century art sale that brought in approximately $690 million, led by Mark Rothko’s *No. 31 Yellow Stripe (1958)*, which sold for $62.2 million. The evening featured 18 works from the collection of Robert F. and Patricia G. Ross Weis, totaling $218 million, followed by a 61-lot main sale that realized $471.7 million. Other top lots included Claude Monet’s *Nymphéas (1907)* at $45.4 million and a new auction record for Beauford Delaney’s *The Sage Black (1967)* at $1.5 million.

sothebys modern sales by the numbers 2717820

Sotheby's three-part modern art evening auction in New York on Thursday night achieved a total of $304.6 million, a dramatic increase from the $93.1 million equivalent sale last year. The sale featured 69 lots, with three withdrawn and none bought in, resulting in a 95% sell-through rate. Top lots included Vincent van Gogh's still life "Piles de romans parisiens et roses dans une verre" (1887), which sold for $62.7 million with premium to private advisor Patti Wong, and a work by Frida Kahlo. Third-party guarantees covered 55% of the presale low estimate, but bidding remained competitive throughout.

phillips evening sale 2025 stats 2716960

Phillips held its Modern and contemporary art evening sale in New York on Wednesday night, achieving $67.3 million in total sales—a 24.4 percent increase from the same auction last November. The sale featured 33 lots with a 94 percent sell-through rate, including a triceratops fossil that sold for $5.4 million through a partnership with natural history dealer Christian Link. Top lots included Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) at $16 million with premium, Jean-Michel Basquiat's *Exercise* (1984) at $3.8 million, and two works by Ruth Asawa. Only one artwork, a Jadé Fadojutimi, failed to sell, and there were no withdrawals.

Records for English painting and Fontana's cuts push the auction

Sotheby’s London kicked off the spring auction season with a robust modern and contemporary art evening sale, totaling £131.7 million and achieving a rare 100% sell-through rate. Despite global political uncertainty, the auction saw aggressive bidding for British post-war masterpieces and Italian avant-garde works. The event also marked the debut of Sotheby’s new commission structure, which lowers fees for high-value lots to incentivize larger transactions.