"Major works from media mogul S.I. Newhouse's estate are poised to smash records at Christie's in May. The tranche of 35 to 40 works includes paintings by Jackson Pollock, Pablo Picasso, and Jasper Johns, as well as a Constantin Brancusi sculpture, and is valued it at a whopping $450 million."
"London's marquee spring auctions started with a bang on March 4 at Sotheby's, where it was standing room only for the house's Modern and contemporary evening sale, which brought in £130.6 million ($175 million) across 54 lots and was 98 percent sold. The event brought in 108 percent more than the equivalent one last March."
"Christie's 20th/21st-century evening sales on March 5, which included 'The Art of the Surreal' auction and a dedicated sale of works from the Vanthournout collection, generated a total of £197.5 million ($263.8 million) across 98 lots—a 52 percent increase on the total achieved last year."
The art market demonstrates robust momentum with significant developments across fairs and auctions. Alternative fair Neighbors debuts during EXPO Chicago in April, offering an intimate gallery experience in a historic residence. Christie's May auction features approximately 35-40 works from S.I. Newhouse's estate valued at $450 million, including masterpieces by Pollock, Picasso, and Johns. Sotheby's simultaneously auctions 24 works from Robert Mnuchin's collection, highlighting a Rothko estimated at $70-100 million. London's spring auctions achieved exceptional results, with Sotheby's Modern and contemporary sale generating £130.6 million and Christie's 20th/21st-century sales totaling £197.5 million, representing substantial year-over-year increases.
Read at Artnet News
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