JOURNAL ARTICLE

New York's Billion-Dollar May Art Auctions Could Actually Be a Success.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Tarmy, James 3 of 3

Abstract

The New York art auction season in May faces challenges due to high prices and market uncertainty, exacerbated by Trump's tariff war. Despite these obstacles, auction houses like Christie's and Sotheby's are still expecting robust sales, with estimates ranging from $485 million to $811 million. The auctions will feature works from estates like Leonard Riggio and Barbara Gladstone, with a notable sculpture by Alberto Giacometti expected to be the most expensive lot of the week. Collectors' spending habits remain steadfast, with a focus on sculpture possibly driven by space constraints in modern living environments. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:185075810
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