
Artwork Market
Maxwell Rabb
New York’s marquee spring public sale week, which started on Could twelfth, was marked by excessive expectations, cautious bidding, and an undercurrent of uncertainty. The most important homes—Sotheby’s, Christie’s, Phillips, and Bonhams—collectively had been estimated to usher in $1.25 billion, down 17% from the equal gross sales final Could. By the top of the week, the homes introduced in a complete of $1.27 billion.
The week’s high lot, Piet Mondrian’s Composition with Massive Crimson Airplane, Bluish Grey, Yellow, Black and Blue (1922), fetched $47.56 million at Christie’s, however the temper throughout salerooms was tense. Trophy works had been withdrawn, together with Andy Warhol’s extremely anticipated Huge Electrical Chair (1967–68), which had been set to headline Christie’s Twentieth-century night sale on Monday. In the meantime, a number of high heaps did not promote throughout the public sale homes, together with essentially the most anticipated lot at Sotheby’s trendy night sale on Tuesday: Alberto Giacometti’s Grande tête mince (1955), estimated in extra of $70 million.
The outcomes mirror rising proof that the higher echelon of the market is present process a reset. As soon as-infallible names like Giacometti and Warhol not assure bidding wars, as generational shifts and broader financial uncertainty reshape collector habits. Heirs are more and more disinterested in sustaining legacy collections, whereas new patrons are reluctant to stretch into eight-figure territory.
But, within the face of top-end volatility, a unique form of momentum is rising. Based on current knowledge from Artwork Basel and UBS, transaction quantity is rising within the decrease and mid-tier value segments, notably amongst first-time and youthful collectors. In the meantime, momentum for girls artists on the first and secondary markets continues to speed up. It’s on this context that 5 of the eleven most notable artist information set this Could had been for works by ladies artists.
The brand new public sale information under recommend that bidders had been serious about extra than simply prime stock. Works by ladies artists—notably Surrealists—and rising and mid-career artists with rising momentum, together with three represented by David Zwirner, noticed costs soar previous their earlier information. Right here, we highlight 11 record-breaking gross sales. All costs embody charges.
Bought for $13.65 million (Estimate: $12 million–$18 million)
Christie’s
Marlene Dumas, Miss January, 1999. Courtesy of Christie’s.
The standout lot from this public sale season was Marlene Dumas’s Miss January (1999), which turned the most costly work offered at public sale by a residing girl artist. The piece offered for $13.65 million at Christie’s Twenty first-century sale on Could 14th. The nine-foot portray is a full physique portrait of a blonde girl nude from the waist down, carrying a single sock on her left foot. The portray surpassed its $12 million low estimate.
Sara Friedlander, deputy chairman of post-war and up to date artwork at Christie’s, referred to the work as “really the magnum opus of Marlene Dumas.” The portray was supplied by Mera and Don Rubell, longtime collectors and founders of the Rubell Museum in Miami and Washington, D.C., who acquired it greater than 20 years in the past from Galerie Paul Andriesse in Amsterdam.
The earlier report for a residing girl artist was set by Propped (1992) by Jenny Saville, which offered for £9.5 million ($12.69 million) at Sotheby’s London in 2018. Dumas’s earlier report was held by The Customer (1995), which offered for $6.32 million at Sotheby’s London in 2008.
Frank Lloyd Wright, An Necessary Double-Pedestal Lamp for the Susan Lawrence Dana Home, Springfield, Illinois, ca. 1904
Bought for $7.49 million (Estimate: $3 million–$5 million)
Sotheby’s
Frank Lloyd Wright, An Necessary Double-Pedestal Lamp for the Susan Lawrence Dana Home, Springfield, Illinois, ca. 1904. Courtesy of Sotheby’s.
A uncommon lamp by Frank Lloyd Wright greater than tripled its earlier sale value. The piece offered for $7.49 million after inciting an 11-minute bidding battle at Sotheby’s Twentieth-century night sale.
Referred to as the Double Pedestal Lamp, the piece was designed for the Dana Home, a 12,000-square-foot residence inbuilt Wright’s signature Prairie model in Springfield, Illinois. The house is taken into account considered one of Wright’s most bold early residential commissions and accommodates the biggest site-specific assortment of his artwork glass and furnishings.
The lamp options opalescent glass panels and pedestal motifs of native sumac, in keeping with the home’s integration of structure and nature. Solely two examples of the lamp are identified to exist, the opposite of which stays in the home’s assortment following a 1988 acquisition.
Based on Sotheby’s, the just lately auctioned lamp final appeared at public sale in 2002, when it offered for $1.98 million. Wright’s public sale report beforehand stood at $2.9 million for one more illuminated object—a 1902 ceiling mild from the Francis W. Little Home in Peoria, Illinois, which offered at Sotheby’s in 2023.
Remedios Varo, Revelación (El relojero), 1955
Bought for $6.22 million (Estimate: $3.5 million–$5.5 million)
Christie’s
Remedios Varo, Revelación (El relojero), 1955. Courtesy of
A spectral portray by Spanish-born Surrealist Remedios Varo offered for $6.22 million at Christie’s Twentieth-century night sale. The piece narrowly eclipsed her earlier report, which was set by Armonía (Autorretrato Sugerente) (1956) when it offered for $6.19 million at Sotheby’s in 2020.
Revelación (El relojero) (1955) depicts a mystical horologist in a room full of anthropomorphic clocks, reflecting Varo’s lifelong fascination with esotericism, time, and the unconscious. Every clock seems to disclose a portal behind billowing drapes. The work stands as a key instance of the artist’s synthesis of magical realism, scientific curiosity, and the symbolic energy of exile. The portray was created in the identical 12 months as considered one of Varo’s most well-known works, Sympathy (1955), which offered for $3.13 million at Christie’s in 2019.
The public sale report rides the continued curiosity in Surrealist work in recent times, notably from ladies artists. Final Could, the high public sale report was set by Leonora Carrington’s Les Distractions de Dagobert (1945), which offered for $28.5 million at Sotheby’s.
Bought for $5.73 million (Estimate: $3.5 million–$5.5 million)
Christie’s
Simone Leigh, Sentinel IV, 2020. Courtesy of Christie’s.
Standing at 10 ft tall, Simone Leigh’s colossal bronze sculpture Sentinel IV (2020) achieved $5.73 million, simply exceeding its excessive estimate of $5.5 million. This work is the third in an version of three, with two further artist’s proofs. This sale almost doubled Leigh’s earlier public sale report, which was set by Las Meninas II (2019) when it offered for $3.08 million at Sotheby’s in 2023.
Like lots of Leigh’s sculptures, the work attracts from African sculptural traditions, combining the feminine type with ceremonial and tool-like motifs. The towering sculpture is modeled after a Zulu ceremonial spoon, that includes a feminine physique at its base that results in a large scooped type on the high. One other version of this work is positioned outdoors the College of Texas in Austin’s Anna Hiss Gymnasium. The third version of the work was featured in a solo exhibition mounted by David Kordansky Gallery in Los Angeles in 2020.
Bought for $2.36 million (Estimate: $2 million–$3 million)
Sotheby’s
Michael Armitage, Mpeketoni, 2015. Courtesy of Sotheby’s.
Michael Armitage’s Mpeketoni (2015) offered for $2.37 million at Sotheby’s up to date night public sale on Could fifteenth, setting a brand new benchmark for the British Kenyan painter. This newest sale comes only a week after the opening of Armitage’s solo exhibition “Crucible” at David Zwirner’s new flagship gallery in New York.
Painted in oil on lubugo bark fabric—a cloth harvested from Ugandan fig bushes that’s central to Armitage’s observe—Mpeketoni refers back to the city in coastal Kenya the place al-Shabaab militants executed 48 males in the course of the 2014 World Cup. The composition filters this violence by means of Armitage’s characteristically dreamlike, allegorical lens: Six figures in tender pink robes encircle a turquoise pool, set inside a lush, warped panorama of swaying bushes and cascading varieties.
The artist’s earlier public sale report was set by Muliro Gardens (baboons) (2016), which offered for $2.24 million at Sotheby’s in 2023. David Zwirner started collectively representing Armitage with White Dice in March 2022; White Dice had been displaying the artist since 2015.
Bought for $2.34 million (Estimate: $1 million–$1.5 million)
Christie’s
Dorothea Tanning, Endgame, 1944. Courtesy of Christie’s.
Dorothea Tanning’s Endgame (1944), a dreamlike reinterpretation of a chessboard, offered for $2.34 million, hovering previous its $1.5 million excessive estimate at Christie’s Twentieth-century night sale on Could twelfth. Tanning’s earlier public sale report was set by Le mal oublié (1955), which offered for $1.44 million at Christie’s in 2022.
Endgame was painted shortly after Tanning’s relationship with Max Ernst started in 1942. A bit on the backside of the portray that seems to be torn from the chessboard reveals a panorama recalling Sedona, Arizona, the place the 2 Surrealists spent prolonged time collectively.
Tanning and Ernst shared a ardour for chess, but the work suggests an underlying depth. The queen piece is represented by a silk white slipper, which is crushing a bishop’s mitre. Tanning as soon as described chess as “a mind-set.” She continued: “It’s a must to be intelligent in a warlike manner. You’re a good chess participant in case you have a imply streak in you. I believe imply individuals make good chess gamers.”
Carroll Dunham, Bathers Seventeen (Black Gap), 2011–12
Bought for $762,000 (Estimate: $250,000–$350,000)
Sotheby’s
Carroll Dunham, Bathers Seventeen (Black Gap), 2011–12. Courtesy of Sotheby’
Carroll Dunham’s Bathers Seventeen (Black Gap) (2011–12) offered for $762,000 at Sotheby’s sale of picks from the gathering of the legendary late gallerist Barbara Gladstone on Could fifteenth. The big-scale portray is considered one of Dunham’s more moderen figurative work, a far cry from his post-Minimalist origins within the Nineteen Seventies.
In Bathers Seventeen (Black Gap), a lone nude girl with flowing black hair leans over a physique of water, gazing at a moonlit sea below a darkish blue sky. The scene is framed by vibrant, stylized flora and rolling hills, channeling eroticism and Dunham’s distinct cartoon-esque aesthetic.
The work was solely within the esteemed non-public assortment of Gladstone, who died final summer time at 89. Initially estimated at $250,000–$350,000, it was the topic of aggressive bidding and finally surpassed Dunham’s earlier public sale report of $591,000, fetched by Built-in Portray Seven (1992) at Sotheby’s in 2017.
Louis Fratino, You and Your Issues, 2022
Bought for $756,000 (Estimate: $600,000–$800,000)
Christie’s
Louis Fratino, You and Your Issues, 2022. Courtesy of Christie’s.
A brand new public sale report was set for Louis Fratino when You and Your Issues (2022) offered for $756,000 at Christie’s Twenty first-century night sale on Could 14th. The tender portray depicts a nude man curled up on a sofa, surrounded by fruit, books, and tableware. This consequence simply surpasses the artist’s earlier report of $730,800, set at Sotheby’s in 2022 for An Argument (2021).
You and Your Issues (2022) debuted at Galerie Neu in Fratino’s 2022 solo exhibition “Die bunten Tage.” Based mostly in Brooklyn, the artist is represented by Sikkema Malloy Jenkins. Fratino’s intimate figurative work, typically depicting queer life in metropolis settings, has discovered a rising collector base in recent times. This market consideration was bolstered by his participation in the principle exhibition on the 2024 Venice Biennale, the place his tender work of the male physique in intimate settings had been featured prominently.
Bought for $406,400 (Estimate: $50,000–$70,000)
Sotheby’s
Yu Nishimura, throughout the place, 2023. Courtesy of Sotheby’s.
Yu Nishimura’s throughout the place (2023) shattered estimates at Sotheby’s on Could fifteenth, the place it featured within the up to date night sale. The work hammered $406,400, greater than quadrupling its $70,000 excessive estimate and establishing a brand new report for the Japanese painter. David Zwirner introduced illustration of the artist in early Could and is presently presenting his work in a solo present at its uptown gallery in New York.
Rendered in muted grays, lotions, and a streak of darkish blue, throughout the place depicts a seated determine drawn in Nishimura’s minimalist linework, nested inside a ghostly double portrait. The determine’s serene posture—arms crossed, legs tucked over a stool—contrasts with the darkened, bigger visage that looms behind, suggesting each psychological distance and emotional overlay.
The portray made its public sale debut and drew aggressive bidding. Nishimura’s earlier report was set by Sandy Seashore (2020) when it offered for $296,100 at Christie’s this previous February.
Emma McIntyre, Up bubbles her amorous breath, 2021
Bought for $201,600 (Estimate: $50,000–$70,000)
Christie’s
Emma McIntyre, Up bubbles her amorous breath, 2021. Courtesy of Christie’s.
Emma McIntyre’s Up bubbles her amorous breath (2021) greater than doubled its excessive estimate, promoting for $201,600 at Christie’s Twenty first-century sale. This smashed the New Zealand–based mostly artist’s earlier public sale report of £100,800 ($126,147), set by If there’s mild that has weight (2021) at Christie’s in 2024.
Impressed by Keats’s poem “On a Image of Leander,” the portray is characterised by swirling white gestures, daring black marks, and vivid gradients of yellow, violet, and pink. Scattered spheres and a stamped orange flower trace at a dreamlike, cosmic panorama. The portray will get its title from the poem, the place the titular Leander drowns whereas crossing a physique of water to succeed in his love, Hero. When her lantern goes out, she exclaims: “He’s gone; up bubbles all his amorous breath!” Initially exhibited in her first European solo present at Air de Paris in early 2022, the portray is emblematic of McIntyre’s lyrical and layered strategy to abstraction.
The artist has gained traction within the years since graduating from the Elam College of High-quality Arts on the College of Auckland in 2016. Her first solo present with David Zwirner, “An echo, a stain,” was offered in New York in 2023. The gallery began representing her in February 2024.
Bought for $190,500 (Estimate: $60,000–$80,000)
Sotheby’s
Ernst Yohji Jäger, Untitled, 2021. Courtesy of Sotheby’s.
An untitled 2021 portray by Ernst Yohji Jäger achieved $190,500 at Sotheby’s throughout its up to date night public sale on Could fifteenth. The work greater than doubled its excessive estimate, as bidders chased the Japanese German painter’s work.
Dreamlike and disquieting, the portray captures a seated determine rendered in cool inexperienced tones, set towards a fractured, quasi-architectural backdrop bathed in golds and purples. Above the determine and constructing, a warped inexperienced sky is plagued by floating orbs, contributing to the surreal environment. These muted, softly layered canvases are attribute of Jäger’s work.
The report far surpasses the Vienna-based artist’s earlier report, which was set by Untitled 4 (two home windows) (2020) when it offered for $73,080 at Christie’s in 2024. Past auctions, there’s been rising curiosity in Jäger’s work, evidenced by a string of solo exhibitions—at Galerie Crèvecoeur in Paris, Croy Nielsen in Vienna, and 15orient in New York—in addition to institutional acquisitions by the Musée d’Artwork Moderne de Paris and Museo Jumex.
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Maxwell Rabb
Maxwell Rabb is Artsy’s Workers Author.