Marina Abramović is one of those artists who has never stopped giving the art world something to talk about, from the early provocative performances that pushed the limits of endurance and transformed visceral traumatic catharsis into art to her later shift toward more spiritual and energetic rituals aimed at collective healing and reconnection. Over the decades, she has continued to reinvent the possibilities of performance, turning the body, her own and the audience’s, into a site of vulnerability, transformation and shared experience, in the process becoming both an icon of contemporary art and, in many ways, a shamanic healer for a troubled collectivity. In 2026, Abramović will make history as the first woman to receive a major exhibition at the Galleria dell’Accademia in Venice, which opens at the height of the art calendar during the 61st Venice Biennale. Marking the artist’s 80th birthday, “Marina Abramović: Transforming Energy” will stage a resonant dialogue between her pioneering performance practice and the Renaissance masterpieces that have shaped Venice’s cultural identity. Iconic works such as Imponderabilia (1977), Rhythm 0 (1974), Light/Dark (1977), Balkan Baroque (1997) and Carrying the Skeleton (2008) will appear alongside projections of early performances. One of the central highlights will be Abramović and Ulay’s Pietà (1983) shown in direct dialogue with Titian’s final unfinished Pietà (c. 1575-76), an unprecedented historic pairing that reframes Renaissance themes of grief, transcendence and redemption through a contemporary lens while underscoring the body’s enduring role as a site of suffering and spiritual elevation. Curated by Shai Baitel, artistic director of the Modern Art Museum (MAM) Shanghai, in close collaboration with the artist, the exhibition will unfold across both the museum’s permanent collection galleries and its temporary exhibition spaces, a first in the institution’s history, embedding Abramović’s work deep within the city’s artistic patrimony. At its core, “Transforming Energy” is an encounter between past and present, material and immaterial, body and spirit, revealing how Abramović’s lifelong exploration of endurance, presence and transformation resonates powerfully within Venice’s centuries-old visual language.
Dynamo Phyllis Kao led Sotheby’s The Now and Contemporary Evening Auction, which scored a $178.5 million result with strong participation from Asia. Julian Cassady Photography / Ali
After a challenging 2024—marked by a 25 percent contraction in the auction market—both Christie’s and Sotheby’s are closing 2025 with a clear rebound, according to newly released year-end results. Sotheby’s reported projected consolidated sales of $7 billion for 2025, a 17 percent increase over 2024. Christie’s, on a similar upward trajectory, expects to finish the year with $6.2 billion in global sales, up nearly 7 percent from last year’s $5.8 billion and broadly in line with its 2023 total. Following a slow start dampened by subdued May auctions, both houses regained momentum after the summer as the market strengthened, culminating in a multibillion-dollar fall season across London and New York.
While the blockbuster results of November’s marquee sales may not be sufficient on their own to signal a full recovery—concentrated as they are at the very top of the market—the broader picture reflected in these year-end numbers offers more substantial grounds for optimism. This year’s gains were driven not only by fine-art trophies but also by the continued rise of luxury collectibles and design—categories that are proving especially effective at attracting new buyers, often younger and from emerging markets, and ultimately broadening the base of the market overall.
Sotheby’s record year, led by trophies and luxury
Sotheby’s recorded a 26 percent year-over-year increase in auction sales to $5.7 billion, with a sharp acceleration in the second half of the year, which brought in 59 percent more than the same period in 2024. Private sales contributed an additional $1.2 billion, slightly below the prior year but still substantial.
Fine art sales generated $4.3 billion in revenue for the auction house in 2025, marking a 15 percent increase from the previous year’s downturn. The rebound was fueled by the exceptional quality of consignments secured for the fall season, including record-breaking masterpieces such as the $236.4 million Gustav Klimt—the most expensive work ever sold by Sotheby’s—and the $54.7 million Frida Kahlo, which set a new record for a work by a female artist.
November’s inaugural sales at the Breuer delivered the year’s biggest revenue surge, with six white-glove auctions totaling $1.173 billion in just a few days. Single-owner collections played a decisive role, including the $527.5 million Lauder collection in New York and the $137 million Karpidas collection earlier in London—high-profile consignments that helped lift market sentiment at a critical moment. “Our strong performance in the second half of the year demonstrates clear momentum in our markets, driven by more high-quality, major collections meeting Sotheby’s record levels of buyer demand,” confirmed Sotheby’s CEO Charles F. Stewart.
At the same time, Sotheby’s “Another World” strategy—transforming its major regional headquarters from Hong Kong to Paris and now the iconic Breuer building into cross-category boutique destinations—is beginning to deliver tangible results. The luxury sector is becoming increasingly central to the business, generating $2.7 billion in revenue, up 22 percent year-over-year and surpassing $2 billion for the fourth straight year.
Luxury is also emerging as a primary driver of market expansion, capable of attracting younger collectors while opening doors to new and rising markets. This was underscored by Sotheby’s successful $133 million Collectors’ Week in Abu Dhabi, whose cross-category luxury offerings drew collectors from 35 countries. Of those bidding, 28 percent were new to Sotheby’s and nearly one-third were under the age of 40.
The $10.1 million sale of Jane Birkin’s original Hermès Birkin in Paris this summer focused attention on both the rising value and estate-planning complexities of luxury collectibles. Sotheby’s also reported a record year for watches, with a $42.8 million white-glove December auction in New York immediately following Collectors’ Week. That sale was led by the record-breaking complete four-piece set of the Patek Philippe Star Caliber 2000, which sold for $11.9 million.
Jewelry maintained strong momentum in Abu Dhabi and globally, with sales up approximately 18 percent. Meanwhile, RM Sotheby’s automotive division exceeded $1 billion in revenue for the first time, propelled by multiple records—including a 1994 McLaren F1 (chassis 014), the most expensive McLaren ever sold at public auction, and the highest-priced new Ferrari ever to hit the auction block during Abu Dhabi Collectors’ Week.
Sports collectibles continue to attract bidders, but the standout among today’s collectibles may be dinosaurs, as demonstrated by the juvenile Ceratosaurus that soared to $30.5 million at Sotheby’s—more than seven times its low estimate.
The Design category also continues to gain traction and importance, with 65 percent growth over last year. It closed with a $50.2 million auction earlier this month—the highest total ever for the category—led by Lalanne’s Hippopotame Bar, which reached a record-setting $31.4 million.
Taken together, these categories are central not only to sustaining the market but to reshaping Sotheby’s identity—from a traditional auction house catering primarily to connoisseurs into a broader luxury-experience destination capable of attracting bidders across multiple price tiers. This represents a key strategy in today’s market. By expanding participation and transaction volume, Sotheby’s can continue to drive revenue growth even as the ability to consistently secure multimillion-dollar fine-art masterpieces—this season included—remains neither guaranteed nor sufficient on its own to support headline results year after year.
Adrien Meyer sells the top lot of The Collection of Robert F. and Patricia G Ross Weis, Mark Rothko’s No. 31 (Yellow Stripe) for $62,160,000. Christie’s
At Christie’s, the right pricing strategy met sustained bidding
Christie’s also reported what CEO Bonnie Brennan described as a “healthy and successful year,” with total auction revenue rising 8 percent to $4.7 billion. Combined with $1.5 billion in private sales—representing approximately 24 percent of the total—this brought the auction house’s global sales for 2025 to $6.2 billion, a 7 percent increase from the previous year.
One of the clearest indicators of how sustained bidding aligns with pricing strategy on the auction-house side is sell-through and sold-by-lot performance—an obsession of Christie’s global director Alex Rotter, as he recently revealed in an interview with ARTnews. Christie’s reported a sell-through rate of 88 percent and a hammer-to-low estimate index of 113 percent, both notably higher than in 2024.
The MEA region (Europe, Middle East, Africa) also expanded its share of Christie’s global total, rising from 32 percent in 2024 to 36 percent in 2025, with $1.435 billion in sales. Asia-Pacific, by contrast, declined for the second consecutive year, generating $686 million—5 percent less than the year before—and now accounts for 23 percent of Christie’s global business. Sales for Asian Art and World Art were also down 6 percent this year.
The 20th and 21st century category remains Christie’s core revenue driver, generating $2.859 billion in 2025, a 6 percent increase from the previous year. However, the Classics and Old Masters segments posted even stronger growth, generating $285 million and $182 million, with increases of 15 percent and 24 percent, respectively. Leading the Old Master category was Canaletto’s Venice, the Return of the Bucintoro on Ascension Day, which sold in July in London for a record-setting £31.9 million ($43.9 million).
Meanwhile, the importance of the Luxury and Automotive markets continues to rise. Luxury sales reached $795 million, up 17 percent from 2024, while automotive sales through Gooding Christie’s totaled $234 million—an increase of 14 percent and the highest-grossing year in the company’s history.
Crucially, luxury is proving to be Christie’s most effective tool for attracting new and younger buyers. It accounted for 38 percent of new bidders in 2025, outperforming even the 20th and 21st century category, which contributed 33 percent. Asia-Pacific buyers in particular were highly engaged, with regional president Rahul Kadakia noting that they contributed 37 percent of global Luxury auction spend. This underscores the strong potential of Eastern markets—especially Southeast Asia—when engaged through categories aligned with their growing and increasingly affluent populations.
Christie’s also saw increased engagement from the Indian diaspora and broader participation across the Asia-Pacific region, which remains one of the strongest growth opportunities alongside rising spending power in the Middle East, particularly in the Kingdom of Saudi Arabia and the United Arab Emirates.
For Christie’s—as for all the major auction houses—sustaining revenue growth hinges on expanding the market: both by tapping rising geographies and by attracting new generations of collectors capable of growing with the brand.
The demographic shifts are promising. In 2025, 46 percent of new bidders and buyers were millennials or younger, up roughly 5 percent from the previous year. The female client base also grew by about 10 percent. These trends align with wealth management forecasts and the 2025 Art Basel & UBS Survey of Global Collecting, which found that high-net-worth women outspent their male peers by an average of 46 percent on art and antiques in 2024. Women were also more likely than men to collect digital works, pieces by unknown artists, and emerging talent—pointing to both rising influence and evolving preferences that are reshaping the market.
All of this is unfolding in the context of the so-called “Great Wealth Transfer,” as economists forecast trillions of dollars passing from older generations to younger ones, boosting disposable income and discretionary spending among buyers already demonstrating a strong interest in collecting. Women are projected to inherit a substantial share of this wealth—some estimates suggest up to 70 percent—and by 2030, they are expected to control trillions in investable assets, a dramatic rise compared to previous decades.
Equally critical to attracting new buyers is the diversification of offerings across price points and categories, paired with technology designed to reach a generation that lives and buys online. In 2025, 63 percent of Christie’s new buyers made their first purchase online, where the average price (excluding wine) rose 14 percent year-on-year to $22,700.
Christie’s plans to continue investing in tech through 2026, including its collaboration with Dubbl on the Christie’s Select app for Apple Vision Pro, which offers immersive, spatial auction previews, and the ongoing Art+Tech Summits.
But attracting new buyers is only half the equation. Retention and long-term engagement—especially with younger collectors—are equally important. New buyers acquired in 2024 returned in 2025 and increased their total spend by 54 percent, with 22 percent purchasing in a different category from their original acquisition. These figures point to encouraging momentum not just for Christie’s but for the broader art and collectibles market, suggesting that even amid recalibration, a more diverse audience is emerging—one ready to support the market’s next chapter, even as tastes and trends continue, as always, to evolve.
On November 20, Sotheby’s generated a combined total of $304.6 million between the Cindy and Jay Pritzker Collection, Exquisite Corps and Modern Evening sales. Julian Cassady Photography / Ali
Of the $1.6 billion of art expected to change hands during this year’s November sales, $1.1 billion was secured by Sotheby’s when the evening sales concluded on the 20th. When tallied with the Day sales the following afternoon, the auction house’s fall marquee week sales had generated a total of $1.173 billion—the second-highest total ever after the $1.33 billion achieved in November 2021 at the height of the contemporary and ultracontemporary markets.
Following the success of the Leonard A. Lauder sale, which delivered a $527.5 million Evening total and a clean 100 percent sold rate for the $3.8 million Day sale offering (est. $3.2 million), Sotheby’s completed a full white-glove, three-sale marathon. It opened with The Cindy and Jay Pritzker Collection Evening Auction, which totaled $109.5 million, followed by the $98.1 million Exquisite Corpus sale and a $97 million Modern Evening auction. Driving many of the lots was strong participation from Asia, which accounted for 30 percent of total bidding, a reminder that Asian collectors respond enthusiastically when true quality comes to market.
Most importantly, if 2021 belonged to the contemporary and ultracontemporary frenzy, these marquee sales showed a clear pivot. Buyers turned toward art-historical touchstones by the most established names in Modern art or toward figures long overlooked and now undergoing reassessment. Across the November sales, Sotheby’s sold $843 million of Modern works, the highest total ever for the category in a single season. Prestigious provenance and strong storytelling were key in this inaugural auction round at the Breuer building for Sotheby’s, with single-owner collections accounting for 72.5 percent of the week’s total ($828,244,220 of $1.173 billion). And in the contemporary segment, it was the artists with the strongest institutional foundations who rose to the top.
“After years of uneven seasons, this week’s results demonstrate that the often quoted cliche of the three D’s (death, debt and divorce) powering the art market has never been truer,” Mari-Claudia Jimenéz, partner and co-head of Withers Art & Advisory, confirmed. For the industry’s seasoned expert, the abundance of fresh-to-market, extraordinary-quality estate properties inspired buyers to return with gusto to chase the best-in-class works with impeccable histories.
Sotheby’s evening marathon on November 20 began with the collection of Chicago’s Cindy and Jay Pritzker, who are best known for founding the Pritzker Architecture Prize in 1979. The sale immediately set the tone of the night, generating $109.5 million across just 13 works against a pre-sale estimate of $73.5 million to $88.5 million.
Leading the auction was Vincent van Gogh’s Romans Parisiens (Les Livres jaunes) (1887), a radiant still life from the artist’s Paris period in which a stack of yellow-bound books becomes a portrait of his voracious intellect and humanist curiosity. Boasting an extensive exhibition history, the canvas was pursued for at least seven minutes by five bidders and sold for a record-setting $62.7 million, well above its estimate of around $40 million and setting a new benchmark for any still life by the artist.
Deep bidding also accompanied the sale of Wassily Kandinsky’s musical watercolor “Ins violett” (Into Violet) from the height of his Bauhaus period, listed as No. 188 in his handlist. Sought by five bidders in a spirited exchange, it more than doubled its high estimate, fetching $2,368,000 (est. $700,000-$1,000,000).
Other Modern masterworks in the Pritzker collection prompted intense competition. Camille Pissarro’s Bords de l’Oise à Pontoise, dating to the beginning of the artist’s second sojourn in Pontoise in 1872, was pursued by four bidders and achieved $2.5 million against its $1.2-1.8 million estimate. Félix Vallotton’s poetic domestic scene, Femme couchée dormant (Le Sommeil), triggered an animated battle between six collectors on the phones and in the room, pushing it above its $1.8-2.5 million estimate to sell for $2.8 million. The canvas had been acquired by the Pritzkers from Wildenstein & Co., New York, in 1985 and remained with them ever since, as did most lots in the sale.
Lot 10, the Cubist Nature morte by Fernand Léger, also sparked back-and-forth bidding from five contenders, driving the work to $2,214,000, nearly double its $800,000-$1.2 million estimate. This was followed by a $9,200,000 result for Max Beckmann’s classics-inspired canvas, sought by five bidders, and Joan Miró’s uncanny sculptural reinterpretation La Mère Ubu, which achieved $5,052,000 after a battle between four bidders, landing near the midpoint of its $4-6 million estimate. The bronze had been acquired by the couple in 1980 from legendary dealer Pierre Matisse in New York.
Another highlight, Henri Matisse’s Léda et le cygne, sold for $10.4 million, meeting its high estimate with fees. One of the very few architectural pieces by the artist—the majority of which are in public spaces or museums—and the first of its kind to appear at auction, the unique work was commissioned in 1943 by Argentine diplomat Marcelo Fernández. Last exhibited publicly during the 1984-85 Matisse exhibition at the Moderna Museet in Stockholm and the Louisiana Museum of Modern Art in Humlebæk, it was acquired the following year by the Pritzkers from Feingarten Galleries in Los Angeles. But Paul Gauguin’s La Maison du Pen du, gardeuse de vache from his Nabis period failed to find enough bidders to meet its $6-8 million estimate, selling instead at its reserve for $4,930,000.
Frida Kahlo’s $54.7 million record
The evening continued with a section entirely dedicated to Surrealism, as the movement continues to gain momentum, further ignited by the major Surrealist show that has just opened at the Philadelphia Museum of Art, and as its unsettling aesthetic resonates uncannily with the chaos, sentiments and desire to exorcise it that define our time. In only one night, Sotheby’s placed more than $123 million of Surrealist works, the highest total for Surrealist art ever sold in one evening at Sotheby’s.
Frida Kahlo’s El sueño (La cama) from 1940 achieved $54.7 million with fees, becoming the most expensive work by a female artist. Sotheby’s
The dedicated single-owner sale Exquisite Corpus offered works from one of the most distinguished private Surrealist collections, accumulated over four decades, yet kept rigorously unnamed in keeping with the movement’s aura of mystery. Nonetheless, given that many of the lots appeared in the Guggenheim’s 1999 exhibition “Surrealism: Two Private Eyes,” which celebrated the collections of Daniel Filipacchi and record producer Nesuhi Ertegun—who together assembled the most important grouping of Surrealist art in private hands—we can reasonably speculate that the consignor is most likely the Ertegun estate, especially once noticing that several works list in their provenance that they were acquired from the Parisian dealer Daniel Filipacchi, ruling him out as the consignor. Artnews reached the same conclusion, reporting that the 1940 Kahlo was consigned by the estate of Selma Ertegun, who built the collection with her late husband Nesuhi Ertegun. The session closed with a white-glove result of $98.1 million, with 67 percent of works selling above their high estimates.
The undisputed star of the collection was Frida Kahlo’s masterpiece of mystery and spirituality, El sueño (La cama), which ignited spirited international bidding before hammering at $47 million, or $54.7 million with fees, to Anna Di Stasi, Sotheby’s senior vice president and head of the Latin American art department. The result not only set a new record for the artist but also for any woman artist at auction, surpassing the previous $44.4 million benchmark set by Georgia O’Keeffe in 2014. The mystical canvas had been purchased by the consignor at Sotheby’s in 1980 for $51,000 and remained in the collection since then, marking a return of roughly 107,000 percent.
Depicting a skeleton floating above the artist as she lies in her bed—herself suspended midair as a fragile terrestrial vessel—Kahlo visualizes what art historian Whitney Chadwick describes as the “Mexican belief in the indivisible unity of life and death.” Considered a key work in Kahlo’s career, where she reached the height of her symbolic and psychological resonance, the canvas boasts a major exhibition history, having appeared in “Frida Kahlo and Tina Modotti” (1982-83) at the Whitechapel Gallery in London, the Haus am Waldsee in Hamburg, Kunstverein Hannover, Kulturhuset Stockholm, New York University’s Grey Art Gallery and the Museo Nacional de Arte in Mexico City. It also featured prominently in the Guggenheim’s 1999 show “Surrealism: Two Private Eyes,” and in the Tate’s landmark Kahlo survey in 2005, which later traveled to the Walker Art Center and the Philadelphia Museum of Art in 2007-08.
We will see this masterpiece again soon in a slate of upcoming exhibitions, including “Frida y Diego: The Last Dream” at MoMA in New York (March 22-September 7, 2026), “Frida: The Making of an Icon” at Tate Modern in London (June 25, 2026-January 3, 2027), “Frida Kahlo—The Painter” at Fondation Beyeler in Basel (January 31-May 17, 2027), and “The Autonomous Gaze” at the Bundeskunsthalle in Bonn, Kunstmuseum Basel, the Espoo Museum of Modern Art and BOZAR Brussels (December 2026–July 2028).
Another standout of the evening, Salvador Dalí’s jewel-like Symbiose de la tête aux coquillages, captivated several bidders with its hallucinatory power, reaching $4,198,000 (est. $2-3 million) on the phone with an Asian bidder. With a distinguished exhibition history—from the Hayward Gallery’s Dada and Surrealism Reviewed (1978), to Centre Pompidou’s “Salvador Dalí: rétrospective, 1920-1980 (1979-80),” to the Guggenheim’s “Surrealism: Two Private Eyes (1999)”—the work was acquired from Daniel Filipacchi in Paris in 1977 and remained with the consignor ever since, meaning they were also responsible for these museum loans.
The market for Paul Delvaux also remains strong, with his haunting Composition reaching the high end of its estimate and selling for $3.8 million (est. $2.5-3.5 million).
Female Surrealists remain a bright spot. First exhibited in 1953 as part of her solo show at Alexander Iolas in 1958 and formerly in the collection of William N Copley, Dorothea Tanning’s otherworldly Interior with Sudden Joy sold for $3.2 million (est. $2-3 million), setting a new record for the artist. Her previous record, Endgame (1944), achieved $2.3 million at Christie’s last May.
Dorothea Tanning’s otherworldly Interior with Sudden Joy sold for $3.2 million (est. $2-3 million), setting a new record for the artist. Sotheby’s
Highly coveted among collectors are the extremely rare paintings on masonite by Remedios Varo. Created shortly after Varo fled war-torn Europe, marking a pivotal shift in the artist’s storied practice, her Sans titre from 1943 approached the million mark after fees, landing at $952,500 (est. $500,000-700,000). Her current record, Revelación, was set last May at Christie’s at $6.22 million, surpassing her earlier $6.19 million record for Armonía (Autorretrato Sugerente) in 2020. Reflecting the growing curatorial effort to decentralize Surrealism beyond Paris, the recent major survey celebrating the movement’s centenary dedicates its final room to a compelling dialogue between Varo and Leonora Carrington.
Another striking leap came for the French artist, illustrator and long-underrecognized Surrealist insider Valentine Hugo, whose Le Crapaud de Maldoror climbed to $825,555 after seven bidders pushed it far beyond its $150,000-200,000 estimate. And for those who enjoy the footnotes of Surrealist intrigue, the piece dates from the period when Hugo was also romantically entangled with André Breton.
New attention to Surrealist influences in Latin American modernism also propelled Óscar Domínguez’s La Machine à écrire, which more than doubled its high estimate and sold for $3.7 million (est. $1-1.5 million). More broadly, as institutions work to broaden the canon, overlooked figures outside Surrealism’s Parisian core are gaining the long-overdue recognition they deserve.
One of them is Austrian-Mexican artist Wolfgang Paalen, a member of Abstraction-Création from 1934 to 1935, who joined the Surrealist movement after relocating to Mexico in 1935 and remained a significant figure until 1942. His revelatory, surreal landscape, Fata Alaska, set a new auction record for the artist at $1,016,000 (est. $350,000-450,000).
Another double record arrived courtesy of Hans Bellmer, who broke his auction record twice in one night. First, his uncanny gouache Main et Bras achieved $508,000 (est. $100,000-200,000). Then, a rare and intensely erotic oil on canvas—a medium he rarely used, being far better known for his photographs of dolls—nearly reached the million-dollar mark, fetching a record-setting $942,000 (est. $300,000-400,000). “The starting-point of desire, with respect to the intensity of its images, is not in a perceptible whole but in the detail,” Bellmer wrote in his anatomy of image. “The essential point to retain from the monstrous dictionary of analogies/antagonisms which constitute the dictionary of the image is that a given detail, such as a leg, is perceptible, accessible to memory and available, in short, is real.” It is a reflection that perfectly encapsulates the tension between fascination and horror, erotism and violence that animates all his seductive yet unsettling work.
A $97 million Modern Evening
The evening concluded with the core offering of the Modern Evening auction, which across its 29 lots generated $97 million, surpassing the pre-sale estimate of $71.1-101.9 million. One of the evening’s most anticipated lots, René Magritte’s Le Jockey Perdu, led the sale, achieving $12.3 million after fees. The exquisite gouache encapsulates Magritte’s signature play with visual paradoxes, maintaining the sense of spatial disorientation and uncanniness—alongside the sly playfulness—that runs through his entire oeuvre. First conceived as a papier collé in 1926, the motif was quickly followed by an oil of the same title, which headlined the artist’s first one-man exhibition in 1927 at Galerie Le Centaure in Brussels. Evidently fascinated by the theme, Magritte returned to the image of the lost jockey in multiple gouaches and oils throughout his career. The work came from the collection of the late real estate magnate Matthew Bucksbaum and his wife Carolyn, whose group of works in the sale brought a combined total of $25.2 million.
Despite the nearly three-hour marathon, the Modern session opened energetically with Joan Miró’s oil-on-burlap panel, Personnages et oiseau devant le soleil, also from the Bucksbaum Collection. It prompted a dynamic bidding battle between seven contenders, rapidly pushing it far beyond its $400,000-600,000 estimate to land at $2,368,000. The couple had acquired the work in 1998, when it last appeared at Sotheby’s, consigned by Perls Galleries.
Other top results of the evening included Georgia O’Keeffe’s Large Dark Red Leaves on White, which landed at $7.9 million, just shy of its high estimate. Jean Dubuffet’s Restaurant Rougeit II sat comfortably within its range, selling for $7.5 million. Degas’s pastel of three ballerinas, Trois danseuses, was chased by five bidders and fetched $5.8 million.
René Magritte’s Le Jockey Perdu led the Modern Evening sale, achieving $12.3 million after fees. Sotheby’s
A Modern sale would be incomplete without Monet. One of his famed Impressionistic views, capturing the shifting light around Rouen Cathedral, more than doubled its low estimate, selling for $7.4 million after a lengthy bidding war among six bidders in different geographies. The painting was practically fresh to auction, having remained in the Schlumberger collection for over 60 years, and appeared at auction for the first time last night.
Another artist who inspired strong interest was Childe Hassam, one of the leading American Impressionists and a central figure in what became known as the “Ten,” the group that broke from the Society of American Artists to champion a more progressive, modern approach at the turn of the 20th century. His Newport, October Sundown from 1901 was fiercely pursued by four bidders, achieving $2,002,000 above a $1.8 million high estimate. The painting came from the Sam and Marilyn Fox Collection, two prominent patrons and civic leaders from the St. Louis region, whose group generated a total of $2.7 million, exceeding its high estimate of $2.4 million.
As MoMA finally pays overdue tribute to the work of Cuban artist Wifredo Lam with a show that opened earlier this month, his Ídolo (Oyá/Divinité de l’air et de la mort) drew strong attention in the room, selling for $7.4 million and marking the second-highest auction price ever achieved for the artist. The renewed institutional spotlight clearly reinforced market confidence, positioning the canvas as another highlight of the evening and Lam as a name we will likely see rise further at auction in the coming seasons.
While the Modern section closed with white gloves, several lots still fell below their low estimates. Arthur Garfield Dove’s Rose and Locust Stump, backed by a guarantee and irrevocable bids, sold for $681,000, nearly half its low estimate, despite its extensive exhibition history. Andrew Wyeth’s dark landscape, East Waldoboro, also sold below expectations at $3,588,000 (est. $4-6 million). Jacques Lipchitz’s sculpture Baigneuse assise went for half its low estimate at $381,000, despite its prestigious provenance from the Geri Brawerman Collection, which generated a total of $16.7 million during the night.
Sotheby’s continued with its day sales on November 21, which delivered an additional aggregated total above $51 million, between the $46,404,999 of the Modern Day Sale and the $4,912,868 for the Exquisite Corpus Day session. Sotheby’s Contemporary day sale, held a few days earlier, generated $111.4 million, the highest total ever for a Day sale at Sotheby’s. The white-glove offering for the Lauder day session brought the total for the Lauder collection to $531.3 million.
Ultimately, Sotheby’s was the clear winner this round, generating a solid and unequivocally successful $1.173 billion with its Evening and Day sales. Meanwhile, Christie’s fall marquee sales totaled $965 million, while Phillips brought in $92,139,589 across its various sessions. In total, across all three auction houses, the November marquee sales have generated more than $2.2 billion, a number that suggests the market has rediscovered some of its energy. Miami, however, will be the real litmus test of the season, because what we saw in action and at auction this week was only the very top of the market.
In the first three months of the year, all eyes are often on the films that came before — the contenders that dominated the fall, vying for Academy Awards. But while studios usually save their glitziest, prestige-iest films for the horse race, there are, in fact, many movies worth your time and attention that have graced us in late winter and spring. Some might be epic-scale blockbusters (Dune: Part Two), but most of this year’s best so far are smaller films, released without a major studio’s marketing budget. One is a violent swashbuckling-adventure film, and another is a brilliant comedy as bleak as it is funny. Two mark the debuts of commanding new voices in film; another is a bittersweet good-bye to a great composer and musician. All will reward you for seeking them out. Here, the best of the many dozens of movies we’ve seen this year so far.
Photo: Neon
Alice Rohrwacher’s film follows Arthur Harrison (Josh O’Connor), a strange man with a strange gift for robbing graves, finding and lifting the antique knickknacks the ancient Etruscans of central Italy used to bury with their dead. A former archeologist, he seems haunted by his own exploits, and this occasionally rambling, often gorgeous film’s queasy dream logic suggests that we’re watching a man halfway between this world and the next, struggling to find his place. Rohrwacher, one of Italy’s foremost filmmakers, makes earthy movies with a dash of what we might call magical realism. The performances are naturalistic, the location shooting authentic and ground level, but the stories often hover on the edge of fantasy. The director fills the picture with folk ballads, naif art, playful asides to the camera, and bursts of sped-up slapstick, giving it all the quality of a ramshackle operetta. But O’Connor’s concave, melancholy demeanor undercuts the picture’s levity, likely by design: The more the film goes on, and the more fanciful it becomes, the more Arthur seems unable to reconcile himself to the world around him. He’s a sad, walking embodiment of the notion that those who spend their time worrying about the next life will never feel peace in this one. —Bilge Ebiri
Caustic and brilliant, Radu Jude’s latest is a comedy about the terrible absurdity of life under late capitalism that includes among its wide-ranging reference points classical haiku, Goethe, the German schlockmeister Uwe Boll, and a series of profane TikToks records by its main character, an overworked PA named Angela (Ilinca Manolache). Do Not Expect Too Much From the End of the World consists primarily of Angela’s encounters as she drives around auditioning possible subjects for a company employee safety video, a worker-blaming production made even more absurdly bleak by the fact that Angela has been putting in such long hours she’s in danger of falling asleep on the road. But woven in, brilliantly, are clips from a communist-era film about a female taxi driver, also named Angela (Dorina Lazar), whose state-sanction dramas under the Ceaușescu regime provide a counterpoint to the present day Angela’s gig economy life, until the two characters converge for the final act, which involves the shooting of the corporate production, and is one of the most blackley funny sequences you’ll see this year. —Alison Willmore
A few months before he died in March 2023, Ryuichi Sakamoto recorded what he himself suspected might be his final solo concert. It had been created across a few days out of pre-recorded segments that were then assembled and streamed around the world. An expanded version of that concert now exists as a feature film, directed by the late musician’s son, Neo Sora. And it’s a moving, spare, and self-reflective work. Sakamoto was a savvy and thoughtful performer, always aware of his audience and in playful conversation with them. Now, as he communes with his music, we feel like we might be intruding on a private requiem. He doesn’t seem particularly frail during this performance. The fragility lies in the music, in the vulnerability with which he plays it, and in the austere cinematic presentation. The shimmering black-and-white photography and elegant camera moves heighten the intimacy of the performance. —B.E.
If the first Dune was Timothée Chalamet’s movie, the second belongs to Zendaya, and it’s better and more emotionally accessible for it. Denis Villeneuve’s Frank Herbert adaptation continues to be a spectacular and genuinely alien epic about genetically engineered messiah figures, space witches, massive sandworms, and BDSM-inflected goth fascist planets. But it’s Zendaya’s character, the Fremen warrior Chani, who provides the film’s heart, as a fierce-hearted rebel who’s won over by Chalamet’s Paul despite knowing better, and despite being aware that he’s saying all the right things to win her community to his side for what may be his own purposes. Dune: Part Two has incredible sweep, but it also manages to have recognizable human drama, and that comes entirely from Chani’s perspective as the representative of a people whose own desires are forever subsumed by the machinations of much larger powers. —A.W.
Noora Niasari’s debut is based on her own childhood experiences, which is evident from the tangibility of its details, but also from the poignant sense that it’s a film about revisiting turbulent young memories with the distance and knowledge of an adult. Holy Spider’s Zar Amir Ebrahimi gives an astounding performance as the title character, an Iranian immigrant in Australia who’s fled an abusive marriage and brought along the young daughter, Mona (Selina Zahednia), that she’s terrified will be taken from her. Shayda deftly lays out the dynamics of the womens’ shelter, and of the local Iranian enclave, pitching its story of escape as a kind of intimate thriller in which Shayda must try to create a sense of normalcy and safety for her child while never being able to let her own guard down. —A.W.
Photo: Magnolia Pictures
Mads Mikkelsen is a phenomenally skilled actor, but he’s also clearly the kind of performer who understands the value of a good, cold, hard stare. This makes him uniquely well-suited for the role of Captain Ludvig Kahlen, an impoverished, stoic Danish war veteran who sets out in the mid-18th century to try and tame the Jutland Heath, a huge and forbidding area where no crop can grow and where lawlessness reigns. The Danish title of the film, Bastarden, translates as “the bastard,” and could be both a literal and spiritual description of Kahlen. He was born to an unwed servant, and he is a tough, at times heartless taskmaster. As he learns that he has to learn to rely on others in order to survive, Kahlen also finds himself at odds with a local landowner, a preening and sadistic aristocrat named Frederik de Schinkel. And so, The Promised Land transforms from a stately and lyrical tale of rural survival to something more primal and intense; think Terrence Malick’s Days of Heaven crossed with Michael Caton-Jones’s Rob Roy, only with more scenes of people being boiled alive. —B.E.
This terrifically bittersweet documentary from Bacurau’s Kleber Mendonça Filho is part memoir, part history of the director’s hometown of Recife, and part meditation on the nature of photography that outlasts the subjects it has captured. But more than anything, it’s a tribute to a life shaped by cinema that manages to avoid the syrupy sentimentality of so many other movies about movies. Filho starts his film in the childhood apartment where he shot so much of his work, and then guides it outward, to the city’s once-grand downtown, studded with cinematic palaces that have mostly been repurposed into other businesses. In doing so, he gracefully reflects on the faded glories of his favored medium. —A.W.
Phạm Thiên Ân’s first feature can be elliptical to a fault in the way it chooses to unfold its story of a drifting young man named Thiện (Lê Phong Vũ) who, after the death of his sister-in-law, inherits custody of his nephew and embarks on a journey to find his brother, the child’s father. But the virtuosity of its filmmaking is remarkable, and some of the shots that Ân composed (with the help of his cinematographer, Đinh Duy Hưng) have lingered with me like persistent afterimages. In particular, there’s the sequence that starts the film, in which the camera drifts from a nighttime soccer game in Saigon, past street vendors and spectators and over to a bustling outdoor cafe where three men are talking about faith over beers until they’re interrupted by an off-screen collision. It’s impressive in its complexity and utterly haunting in its execution, as if it contains the whole world before its focus narrows in on one particular figure. —A.W.
There have been many movies about Frida Kahlo over the years, but none have given us such a sense of the artist as an actual living, breathing person as Carla Gutiérrez’s innovative new documentary. Gutiérrez, an award-winning editor, has built the movie entirely out of archival material, using Kahlo’s own words and pictures to present her life as seen through her own eyes. Thus, we hear Frida’s own achingly confessional words (spoken by Fernanda Echevarría del Rivero) as she narrates her childhood, growing up with a deeply religious mother and an atheist father; her vivacious teen years as a hip young medical student, adored by many; her lengthy, turbulent marriage to the lecherous, revolutionary muralist Diego Rivera, who overshadowed her in her time; as well as her own passionate affairs with both men and women. The director has also taken Kahlo’s drawings and paintings, including some of the most immortal ones, and animated them so that the images now shift before our eyes to reflect her emotional transformations, with pictures often mutating into one another. It’s an inspired path into the work of an artist who often painted her own visage in visually striking arrangements. By the time the movie is over, we feel, perhaps for the first time, like we’ve gotten to know this legendary, almost mythical figure. —B.E.
