ARTISTS
2025
The estate of top collector and casino magnate Elaine Wynn, who died this past April, has made decisions about the future of famed art holdings, with several works heading to auction in November and one heading to a museum next year.
Auction houses at all levels have learned that locking the bid button is often easier than locking out fickle or fraudulent behavior.
After more than two years of anticipation, the auction house will open its newly updated Madison Avenue home on November 8.
After a renovation by Herzog & de Meuron, the auction house will reopen the Brutalist landmark on November 8 with state-of-the-art galleries and subtle interventions.
A juvenile Ceratosaurus fossil sold for $30.5 million with fees at Sotheby鈥檚, blasting past its high estimate of $6 million.
What was once a tool reserved for top-tier lots has now become part of the standard, risk-averse machinery of the secondary market, irrevocably changing the atmosphere of the auction room.
Later this month, Sotheby鈥檚 will offer NWA 16788, the largest known piece of Mars on Earth, during its Natural History sale in New York.
La Belle Rafa毛la by 鈥榬evolutionary鈥� art deco painter to go on sale at Sotheby鈥檚 with estimate of 拢6m-拢9m
On May 21, Sotheby鈥檚 New York hosted an auction replete with stunning paintings by Old Masters.
A recent Sotheby鈥檚 sale of 55 Old Masters works, collected over decades by Jordan and Thomas A. Saunders III, yielded just $64.7 million, far below the initial estimate of $80 million to $120 million.
The sale achieved a 62% sell through rate and made new auction records for Luis Mel茅ndez and Frans Post.
The spring auction season ended with a miss, as Christie鈥檚, Sotheby鈥檚, and Phillips collectively fell short of even their most modest expectations.
The auction house holds its first dedicated sale of Indigenous Australian art since the passing of Klingender, who was instrumental in developing the market for this category.
Sotheby鈥檚 three-part evening sale on Thursday in New York generated a total of $186.1 million on 68 lots, coming towards the high end of its $141 million to $204.9 million estimate.
Works from the collections of Barbara Gladstone and Daniella Luxembourg, record-setters by Fontana and Armitage and a $16.4M Basquiat helped drive strong results for the auction house.