All posts tagged: Sotheby’s

Rothko Painting from Robert Mnuchin Sells at Sotheby’s for .8 M.

Rothko Painting from Robert Mnuchin Sells at Sotheby’s for $85.8 M.

A Mark Rothko painting formerly owned by the influential art dealer Robert Mnuchin sold at Sotheby’s on Thursday night for $85.8 million, just barely failing to re-set the Abstract Expressionist’s auction record. Still, the painting is officially the second-most expensive Rothko ever sold at auction. Rothko’s Color Field paintings of the postwar era regularly sell for vast sums at auction. But few have sold for quite as much as Brown and Blacks in Reds, the 1957 abstraction that was auctioned this week as part of a sale devoted to Mnuchin’s collection. It is one of the most expensive artworks to be sold by any auction house this week in New York. Related Articles Ahead of the sale, Sotheby’s said on its website that the painting had both a guarantee and an irrevocable bid, both of which ensured that this work would be sold. Yet, because Sotheby’s does not publicly announce the amounts for its irrevocable bids in advance of its auctions, it was not certain whether the painting would sell within its $70 million–$100 million …

Ken Griffin Acquires Second Rare Constitution Printing in Private Sale

Ken Griffin Acquires Second Rare Constitution Printing in Private Sale

ARTnews Top 200 collector Ken Griffin has quietly acquired another rare first printing of the US Constitution, bringing the total in his collection to two—the only copies still held in private hands, according to the New York Times.  The billionaire Citadel founder first made headlines in 2021 when he paid $43.2 million at Sotheby’s for a copy of the 1787 document, outbidding the cryptocurrency collective Constitution DAO in one of the stranger bidding battles in recent auction history. The newly acquired example, known as the Van Sinderen copy, had been slated for auction at Sotheby’s in 2022 with a $20 million–$30 million estimate before the sale was abruptly pulled. Griffin ultimately secured it through a private deal, though the price was not disclosed.  Related Articles Only 14 copies from the original 500 printings are known to survive, most of them held by institutions, and just a handful have come to market over the past two centuries. Griffin’s earlier purchase is already on view at the National Constitution Center in Philadelphia. The new one will go on public …

Bogotá’s MAMBO Museum Loses Its Director—and More Art News

Bogotá’s MAMBO Museum Loses Its Director—and More Art News

MAY MARQUEE MASS. The spring auction season is an upon us, and ARTnews has done some sleuthing into who’s selling what. For one, there’s Jean-Michel Basquiat’s monumental panting Museum Security (Broadway Meltdown), from 1983, set for Sotheby’s contemporary art sale on May 14, estimated at $45 million. According to sources, the consignor is Joahn Sayegh-Belchatowski. And if you’re wondering who’s behind the mystery collection dubbed “A Matter of Seeing: Property from a Distinguished Collection” in a Christie’s postwar and contemporary art day sale, that would be none other than Ronald Lauder. Meanwhile, in other auction news, ARTnews reports that Lévy Gorvy Dayan is betting on a new auction-gallery hybrid selling model, in the hopes of bringing new energy to a slower-paced primary market, where deals stretch out over time. “There’s no urgency,” Brett Gorvy said. Lastly, as the Art Newspaper reported last week, British billionaire Joe Lewis is returning to Sotheby’s in June to sell another $200 million in art from his collection, following a $48 million sale in March. Related Articles ORTIZ OUSTED FROM …

The 20 Most Expensive Artworks Coming to Auction in May 2026

The 20 Most Expensive Artworks Coming to Auction in May 2026

April showers may bring May flowers, but in the art world, the early signs of spring also mean that the auction houses are gearing up for the first of their marquee New York sales. Typically, these auctions, from Christie’s, Sotheby’s, and Phillips, occur over the course of a week, but 2026’s calendar is a bit more fickle, owing to the Venice Biennale opening next week, followed by Frieze New York the following week. Sotheby’s is likely looking to capitalize on the collectors in town for Frieze by holding its “The Now & Contemporary Evening Auction” on May 14, the day after the fair’s VIP preview. The rest of the evening sales will resume the following week, with Christie’s holding its “20th Century Evening Sale” on May 18.  The May 2026 auctions will once again serve as a test of the strength of the high-end of the market. Last year’s May sales failed to meet expectations: the three houses’ pre-sale estimates believed they could fetch between $1.2 billion to $1.6 billion, collectively. (Those figures do not …

Kimberly Pirtle Leaves Sotheby’s, Launches Advisory

Kimberly Pirtle Leaves Sotheby’s, Launches Advisory

Kimberly Pirtle, a fast-rising auctioneer at Sotheby’s, has left the company to start her own firm, Gabriel Advisory Group, a practice that aims to bridge art advisory and cultural philanthropy. Pirtle, who worked in Sotheby’s collectors group and quickly moved into auctioneering, said the idea grew out of a gap she kept running into with clients. At the auction house, the focus was clear: transactions. But many of the collectors she worked with were thinking more broadly—about artists, institutions, and how their collecting fit into a larger ecosystem. Related Articles “They were intentional,” she said of her clients, describing collectors who wanted to support artists and institutions, and not solely acquire objects. That kind of thinking, she found, didn’t fit neatly inside the structure of an auction house. Gabriel Advisory Group is her attempt to formalize a different approach. The firm works across both the primary and secondary markets, advising collectors on acquisitions while also guiding philanthropic strategy and institutional engagement. For some clients, that means navigating auctions and gallery relationships. For others, it means shaping …

 M. Lichtenstein Comes to Christie’s, Joining His Priciest Works

$60 M. Lichtenstein Comes to Christie’s, Joining His Priciest Works

A 1960s canvas by Pop master Roy Lichtenstein, coming from the collection of a legendary New York collector-dealer who famously patronized the Pop artists, could become one of the artist’s top works to sell at auction. Anxious Girl (1964) bears an estimate of between $40 million and $60 million. If it achieves its high estimate, it will be his second-priciest work at any public sale. The painting, which will lead the house’s marquee 20th-century art evening sale on May 18, comes from the holdings of Holly Solomon and her husband Horace. Related Articles The news comes amid other announcements of high-value lots coming to the block courtesy of Christie’s and Sotheby’s (including the $53 million Wingate collection at Sotheby’s and a $35 million Renoir at Christie’s) as they aim to drum up excitement for their big May sales. In December, both houses posted improved 2025 results, suggesting stabilization in an unsteady auction market. Christie’s closed 2025 with $6.2 billion in global sales, up nearly seven percent from the previous year’s $5.8 billion, while Sotheby’s boasted …

Artists Sell Work at Sotheby’s to Fund a Debt-Free Yale MFA Program

Artists Sell Work at Sotheby’s to Fund a Debt-Free Yale MFA Program

Artists ranging from Mickalene Thomas to Tammy Nguyen are banding together to sell more than $1 million in art at Sotheby’s next month, with all the funds going toward Yale University’s MFA art program, among the most esteemed ones of its kind in the country. All of the works will appear in a contemporary art day sale during the marquee auctions. The most expensive piece of the bunch, a 2005 Richard Prince photograph of a clothed, adult Brooke Shields from his “Spiritual America” series, has a $500,000–$700,000 estimate. That may be a fraction of Prince’s $9.7 million auction record, but if the photograph sells at the low end of its estimate, the intake could still be enough to pay the tuition for 10 MFA students for one year. The Prince piece comes to auction from a committee that includes Yvonne Force and Leo Villareal, Iwan and Manuela Wirth, Esther Kim, Carol LeWitt, Linda Macklowe, Yana Peel, Komal Shah, Thomas, and Lucas Zwirner. Related Articles Speaking by phone with ARTnews, Kymberly Pinder, the dean of the …

Private Sales Are Surging as Auction Houses Lean into Exclusive Selling

Private Sales Are Surging as Auction Houses Lean into Exclusive Selling

Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday. In mid-March, just before Sotheby’s modern and contemporary evening sale in London, the house’s co-heads of UK private sales, James Francis Fox and David Rothschild , ushered me into a stately backroom for a look at its invitation-only selling exhibition, “The Apartment.” Around $40 million worth of art hung on the walls, including works by David Hockney, George Condo, Gerhard Richter, and Jean-Michel Basquiat, along with designer furniture by Rose Uniacke—also for sale—to complete the in-home tableau. Related Articles As Fox and Rothschild told me, around half of the 12 works had already sold, with only two days to go. On one wall, there was conspicuous patch of white paint where a Warhol dollar sign had been removed by its new owner. Two hundred of Sotheby’s top collectors were sent an invitation to the show that consisted of a key in a box.  “We wanted to create a buzz,” Rothschild, who has since been promoted to global lead …

Claude Lalanne’s Mirrors Sell for .5 M., Breaking Auction Records

Claude Lalanne’s Mirrors Sell for $33.5 M., Breaking Auction Records

A bespoke ensemble of 15 mirrors by Claude Lalanne sold at Sotheby’s New York today for $33.5 million, breaking the artist’s secondary-market record and becoming the most valuable design work ever to leave the auction block.   Collectively titled Important and Unique Ensemble of Fifteen Mirrors for Yves Saint Laurent and Pierre Bergé, the piece sold for more than double its pre-sale high estimate ($10 million–15 million), surpassing a functioning bar in the shape of a hippopotamus by François-Xavier Lalanne—the husband and longtime collaborator of Claude Lalanne—which fetched $31.4 million at Sotheby’s in December 2025.  Related Articles The gilt-bronze mirrors exemplify Claude’s whimsical flair. Each is framed by a delicate vine of electroplated leaves sourced from the artist’s own garden—“a magnum opus of [Claude Lalanne’s] early artistic imagination,” according to Sotheby’s. As the wry title suggests, the mirrors were a 1974 commission installed in the famously aesthetic “Salon de Musique” of the Paris residence of couture designer Yves Saint Laurent. The mirrors were in the possession of Jean and Terry de Gunzburg, a pair of powerhouse …

 M. Wingate Collection Comes to Sotheby’s, Led by  M. Giacometti

$53 M. Wingate Collection Comes to Sotheby’s, Led by $25 M. Giacometti

The collection of modern and contemporary art built over some seven decades by David and Shoshanna Wingate will come to auction at Sotheby’s New York and London over evening and day sales on May 19 and 20. The group of over 50 works, including canonical artists like Alberto Giacometti, Wassily Kandinsky, Roy Lichtenstein, Kenneth Noland, Mark Rothko, and Varvara Stepanova, is estimated to sell for between $37 million and $53 million. Leading the collection and accounting for as much as half its value is Giacometti’s La Clairière (Composition avec neuf figures), conceived in 1950 and cast in 1960; the work is estimated at between $18 million and $25 million. Also by the Swiss artist is Buste d’homme (New York I), estimated at $2 million–$3 million. Related Articles “La Clairière is one of those works that stops you completely,” said Allegra Bettini, Sotheby’s New York head of the modern evening auction, in press materials. “Giacometti arrived at this composition by chance, and yet it feels utterly inevitable—nine figures that seem to hold the weight of everything …