New York's May Sales: $1.8 Billion in Art at Auction Amid Frieze Fair
On Wednesday, Frieze New York will kick off for VIPs at the Shed, featuring 68 galleries, with 34 of them hailing from New York. Simultaneously, major auction houses will offer over $1.8 billion in art, beginning with Sotheby's on May 14, where a significant Rothko from Robert Mnuchin is projected to fetch between $70–100 million. Additionally, a prominent Banksy piece is set to be auctioned, carrying one of the artist's highest estimates to date. After nearly three decades, the estate of sculptor Robert Therrien has transitioned from Gagosian to David Zwirner. The previous November's auctions indicated a market stabilization, while the upcoming sales in May will be a crucial test of that trend.
Key facts
- Frieze New York opens to VIPs at the Shed on Wednesday.
- 68 galleries participate in Frieze New York, half New York-based.
- Over $1.8 billion worth of art goes under the hammer across major auction houses.
- Sotheby's auction starts May 14.
- Robert Mnuchin's monumental Rothko is estimated at $70–100 million.
- A major Banksy work is heading to auction with one of the highest estimates for the artist.
- The estate of sculptor Robert Therrien left Gagosian after nearly 30 years.
- Robert Therrien's estate joins David Zwirner.
Entities
Artists
- Mark Rothko
- Banksy
- Robert Therrien
- Robert Mnuchin
Institutions
- Artnet News
- Frieze New York
- the Shed
- Sotheby's
- Gagosian
- David Zwirner
Locations
- New York
- United States