Even in a market outlined by warning and recalibration, the November marquee gross sales in New York nonetheless generate their very own gravitational discipline. Trophy works have change into rarer, and bidders extra selective, however when the highest homes muster real blue-chip materials, the season pivots round it.
This yr’s higher bracket is hanging for each its focus—Sotheby’s dominates the highest finish virtually solely—and its breadth throughout main Nineteenth-, Twentieth-, and Twenty first-century names. From a trio of Klimts to a near-perfect Max Ernst sculpture to a seven-figure dinosaur at Phillips, the gross sales replicate a market that’s not exuberant a lot as selectively assured—and clearly gaining momentum. There’s greater than $1.5 billion on the desk this yr throughout Phillips, Sotheby’s, and Christie’s, a wholesome bump from final yr, when estimates have been greater than 50 p.c decrease.
The catalogues are out, the previews have come and gone. The gross sales start subsequent week, and there’s nonetheless time to see this abundance of top-tier footage and sculptures earlier than they return to personal and museum collections—probably by no means to be seen in public once more. (Or not less than for a season or two.)
Right here’s a take a look at subsequent week’s high heaps..
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Gustav Klimt, Bildnis Elisabeth Lederer, Estimate in Extra of $150 million at Sotheby’s

Picture Credit score: Courtesy Sotheby’s Sotheby’s leads the season with a formidable Klimt trio from the Lauder Assortment. One work towers over the others: Bildnis Elisabeth Lederer, the six-by-four-foot portrait commissioned by Serena and August Lederer, the artist’s most necessary patrons. Klimt painted their daughter on the top of his powers, orchestrating a mix of decoration, shade, and iconography that makes the image as a lot a monument to Viennese modernism as it’s a likeness. Its historical past is equally charged—confiscated in the course of the conflict, narrowly escaping the hearth that destroyed a lot of the Lederer assortment, and held within the Leonard A. Lauder assortment for 4 a long time.
Alongside it, Blumenwiese (Blooming Meadow), which has an estimate of $80 million, presents a radically stylized imaginative and prescient of the Attersee panorama, a kaleidoscope of native wildflowers rendered with the abstraction that when earned Klimt accusations of insanity.
The third within the trio is Waldabhang bei Unterach am Attersee (Forest Slope in Unterach on the Attersee), which the home expects to herald greater than $70 million. It was painted in the course of the artist’s closing summer season on the lake, provides a extra contemplative notice and is believed to be his final surviving panorama.
Collectively they make a uncommon cross-section of Klimt’s late model—however the portrait of Elisabeth is unmistakably the crown jewel and will very probably high Klimt’s public sale file, which was set in 2023 at Sotheby’s in London when the artist’s Dame mit Fächer (Girl with a Fan), from 1917–18, offered for about $108.4 million.
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Claude Monet, Nymphéas, $40 million–$60 million at Christie’s


Picture Credit score: Christie’s Photos Ltd. 2025 Painted in a burst of productiveness after a winter of studio remodeling, this portray from the Kawamura Memorial DIC Museum of Artwork abandons the well mannered horizontality of earlier variations in favor of a decent, virtually confrontational crop. The water floor tilts towards abstraction; the lilies flicker like unfastened notation. You’ll be able to see why Monet hung this one in a landmark 1909 Durand-Ruel exhibition: it pushes the motif to the sting of legibility.
The true story behind these footage is the formal ambition. By mid-1908, Monet had hit a inventive rut—as a present Brooklyn Museum present factors out—and was having producing greatness together with his “Nymphéas” sequence. The late ones he went on to provide earn their fame as a result of they appear to be an early rehearsal for Twentieth-century abstraction.
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Vincent van Gogh, Piles de romans parisiens et roses dans une verre (Romans parisiens), Estimate Round $40 million, at Sotheby’s


Picture Credit score: Sotheby’s Among the many season’s high heaps, van Gogh’s Romans parisiens, from the Pritzker Assortment, stands out as a landmark from the artist’s Paris interval—a second when he made emergent avant-garde kinds his personal and started to suppose by way of how shade may carry psychological weight. By late 1887, he was exchanging canvases in cafés, debating concepts with Toulouse-Lautrec, and encountering Impressionist work firsthand, even when he remained skeptical of its broader program. In accordance with Sotheby’s, the image, made within the closing months of 1887, is one in all solely 4 nonetheless lifes that includes books that van Gogh executed throughout his two years within the capital, and the biggest of its variety to achieve the market for the reason that late Eighties.
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Pablo Picasso, La Lecture (Marie-Thérèse), Estimate Round $40 million at Christie’s


Picture Credit score: Christie’s Photos Ltd. 2025 Picasso’s 1932 portrayals of Marie-Thérèse have change into a market pressure unto themselves—Femme assise près d’une fenêtre (Marie-Thérèse), from the identical yr, made $103 million in 2021. La Lecture, from the Ross Weis Assortment, belongs firmly to that second of heightened readability, sensuality, and sculptural type. Right here Picasso returns to one in all his most persistent motifs, the girl absorbed in studying, a topic he reworked repeatedly throughout that yr. Not like the variations through which Marie-Thérèse glances outward or drifts into reverie, this canvas captures her in a state of personal focus, chin resting on her hand as she bends over the ebook, oblivious to the artist’s gaze. The pastel planes, the mushy fall of sunshine throughout her face, and the seen charcoal underdrawing all level to the pace and confidence with which Picasso labored throughout this era, when drawing and portray merged.
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Mark Rothko, No. 31 (Yellow Stripe), Estimated at $50 million, at Christie’s


Picture Credit score: Christie’s Photos Ltd. 2025 Painted in 1958—the yr Rothko started the Seagram murals, the mission that might outline his late profession—No. 31 (Yellow Stripe) from the Ross Weis Assortment belongs to a brief, incandescent part earlier than his palette darkened in the course of the Sixties. The portray exhibits Rothko working at full voltage, stacking luminous fields of pink, peach, pink, and yellow inside a charged outer border that appears to each include and radiate depth. He described wanting his viewer to “really feel that presence the best way you are feeling the solar in your again.” No. 31 (Yellow Stripe) reads as one of many clearest expressions of that sentiment.
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Frida Kahlo, El sueño (La cama), $40 million–$60 million, at Sotheby’s


Picture Credit score: Sotheby’s Frida Kahlo’s El sueño (La cama) is the psychological anchor of the season: a 1940 self-portrait the place private mythology, Mexican iconography, and Surrealist drama collide. Painted throughout a interval marked by political upheaval and emotional turbulence—her former lover Trotsky’s assassination, and her separation from Diego Rivera—the work exhibits the artist suspended between life and loss of life, vines coiling round her physique whereas a skeleton festooned with dynamite rests above her on the mattress’s cover. The imagery will not be merely symbolic invention however lived expertise: Kahlo is claimed to have slept beneath a papier-mâché skeleton throughout this time, a reminder of mortality as intimate companion.
With an estimate of $40–60 million, El sueño (La cama) is positioned not solely to eclipse Kahlo’s personal public sale file (Diego y yo offered for $34.9 million at Sotheby’s New York in 2021) however doubtlessly the standing file for any girl artist. The portray captures Kahlo at her most introspective and unguarded. No shock that Sotheby’s has positioned it on the middle of its marquee Surrealist consignment.
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Jean-Michel Basquiat, Crowns (Peso Neto), $35 million–$45 million, at Sotheby’s


Picture Credit score: Sotheby’s Painted on Christmas Day in 1981, simply after his Twenty first birthday, Crowns (Peso Neto) was produced as Basquiat was vaulted from downtown prodigy to art-world phenomenon. This was the yr Basquiat moved from the road into the studio, in addition to the yr critics and collectors started to understand the vary of his ambition. Within the portray, the secular and the sacred blur into a personal cosmology, enacting a rigidity between his self-image and the one the world was already projecting onto him.
The monumental work gathers the emblems that might change into his visible signature: non secular glyphs, anatomical fragments, bursts of language, and a three-point crown. Its exhibition historical past reinforces its standing as a hinge in his profession, showing in his first US solo present and in later retrospectives that formed his posthumous fame.
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Piet Mondrian, Composition with Pink and Blue, $20 million–$30 million, at Christie’s


Picture Credit score: Christie’s Photos Ltd. 2025 Mondrian’s Composition with Pink and Blue, from the Ross Weis Assortment, belongs to the interval when the artist was fleeing a collapsing Europe with a bundle of half-finished canvases tucked underneath his arm. Signed “PM 39–41,” it’s one of many works he amended in levels as he moved from Paris to London and at last to New York, adjusting the geometry whereas the political map was being redrawn beneath him.
That push-and-pull between order and upheaval offers this portray its chew. The black bars impose self-discipline, however the shade fields press in opposition to them, threatening to misbehave—a reminder that Mondrian’s grids weren’t serene abstractions a lot as negotiations with chaos. For instance of the small group of works accomplished throughout that escape route, Composition with Pink and Blue is much less a monument to purity than proof of a painter holding on to precept within the face of historical past’s indifference.
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Edvard Munch, Sankthansnatt (Midsummer Night time), $20 million–$30 million at Sotheby’s


Picture Credit score: Sotheby’s Munch’s Sankthansnatt (Midsummer Night time), from the Lauder Assortment, was painted between 1901 and 1903. The work comes from the identical stretch of Åsgårdstrand work that normally get packaged as an idyllic counterweight to his darker work, however the image is extra fascinating than that binary suggests. Sure, the midsummer mild softens the shoreline and the clapboard homes, and sure, the scene seems tranquil—nevertheless it’s the form of tranquility that feels barely staged, as if Munch have been testing how a lot environment he may wring from a spot higher recognized for its painters than its drama. The entire thing reads much less as an antidote to The Scream than as its uneasy cousin: a quiet scene through which the emotional voltage has merely gone underground.
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Max Ernst, Le roi jouant avec la reine, $14 million–$18 million, at Christie’s


Picture Credit score: Christie’s Photos Ltd. 2025 Max Ernst made Le roi jouant avec la reine—promoting from the Ross Weis Assortment—in a Lengthy Island storage in 1944, whereas sharing a summer season rental with Dorothea Tanning (who has a wonderful image in Sotheby’s Beautiful Corpus sale, and whom Ernst would finally marry) and his vendor Julien Levy—hardly the setting one imagines for a sculpture now handled as Surrealism’s nice bronze. The work grew out of Ernst’s lifelong obsession with chess, a system of symbols he most well-liked to inherited non secular iconography, and one he trusted greater than the metaphysics his motion claimed to overthrow. Moderately than deal with the piece as a tidy allegory, Ernst levels a scene that refuses to settle: a human-scaled “king” that’s half chess piece, half creature, half unreliable narrator.
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Yves Klein, Sculpture éponge bleue sans titre (SE 167), $14 million–$18 million, at Sotheby’s


Picture Credit score: Sotheby’s Yves Klein’s SE 167 is likely one of the massive sponge sculptures he made in 1959, a yr when his perception in immateriality ran effectively forward of the supplies he was truly utilizing. Composed of a tough stone base topped with a cluster of soaked, pigment-saturated sponges, the piece is straightforward in development and unmistakably Klein, making use of his trademark shade of blue. The sponges cling to the pigment; the pigment clings to the attention. Right here, blue behaves like a metaphysical pressure.
Solely six works of this scale by Klein exist; half are stored by main museums. That makes this one’s reappearance after a long time important.
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Francis Bacon, Research for Head of Isabel Rawsthorne and George Dyer, $13 million–$18 million, at Phillips


Picture Credit score: Phillips Bacon’s Research for Head of Isabel Rawsthorne and George Dyer was painted in 1967, when the artist was at full tilt, and makes use of the tight 14-by-12-inch format he favored for its compressed depth. It’s the primary of simply 12 diptychs in that measurement, and one in all solely two that place Rawsthorne and Dyer—two of essentially the most charged presences in his life—facet by facet. Bacon didn’t gather sitters a lot as orbit them, and these two have been central: Rawsthorne, together with her sharp, architectural options, and Dyer, whose presence in his work would develop heavier and extra fraught as their relationship unraveled.
Sotheby’s catalog treats Bacon’s circle as a form of Soho pantheon, however the reality is less complicated: he repeatedly painted the individuals he drank with, fought with, and trusted. Between 1963 and Dyer’s loss of life in 1971, Bacon produced 40 portraits of him; Rawsthorne seems almost as typically. What issues right here isn’t the mythology however the association: two heads sharing a diptych, neither wanting on the different, each caught in Bacon’s acquainted churn of affection, distortion, and dread. It’s a small format doing a number of emotional heavy lifting.
It’s value noting that at Sotheby’s London final month it took 20 minutes and greater than 20 bids for somebody to stroll away with Francis Bacon’s Portrait of a Dwarf (1975), which hammered above its £6 million to £9 million estimate, finally bringing in £13.1 million with charges (about $17.6 million). Will one thing related occur right here?
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Henri Matisse, Determine et bouquet (Tête ocre), $15 million–$25 million, at Christie’s


Picture Credit score: Christie’s Photos Ltd. 2025 Painted in early 1937, Determine et bouquet (Tête ocre)—from the Ross Weis Assortment—comes from the interval when Matisse lastly returned to the easel after years spent making murals, retrospectives, and long-distance escapes that conveniently doubled as inventive sabbaticals. The consequence isn’t a grand reinvention a lot as a recalibration: broad, unmodulated slabs of shade locked in opposition to skinny, nervous contours. Matisse’s cut-outs stay his most well-known works of the Nineteen Thirties, however work like this one present a extra fascinating rigidity—a painter making an attempt to determine how a lot construction he may strip away with out the entire thing falling aside.
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Franz Kline, Placidia, $10 million–$15 million, at Christie’s


Picture Credit score: Christie’s Photos Ltd. 2025 To my eye, Kline is the one postwar heavyweight whose work truly look as alive as individuals declare Summary Expressionism felt. (Okay, I admit it, I’m a fan.) Placidia, painted in 1961 and promoting from the Ross Weis Assortment, is proof. At greater than 5 by seven toes, the canvas behaves like a reside wire, black bars slashing by way of white area with the form of velocity that makes most of his contemporaries’ works look mannered by comparability.
Kline cherished to insist there was no hidden narrative, and possibly there isn’t one. The portray’s rarity in the marketplace (a half-century in a single personal assortment) isn’t the purpose. The purpose is that Placidia captures the a part of AbEx that also feels fashionable: the refusal to prettify, the impatience with metaphor, the sense that portray is an occasion, not an illustration. I’m biased, however this one has a pulse.
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Joan Mitchell, Untitled, $10 million–$15 million, at Phillips


Picture Credit score: Phillips Painted simply earlier than Joan Mitchell left New York for France, this untitled work from 1957–58 exhibits is crowded however not chaotic. Coils of pink, yellow, and inexperienced racing towards a brilliant middle, then pulling again earlier than the entire thing detonates. Mitchell understood that white wasn’t empty—it was additionally filled with rigidity. The drips, the tangles, the sudden pockets of air—none of it’s unintentional, and none of it indulges the macho mythologies of the boys who based Summary Expressionism. It’s one of many large New York–interval Mitchells the place you possibly can really feel the tectonic plates of her model shifting in actual time.
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Agnes Martin, The Backyard, $10 million–$15 million, at Sotheby’s


Picture Credit score: Sotheby’s Agnes Martin’s The Backyard (1964), from the Lauder Assortment, comes from the years when her grids have been at their most exacting. A six-foot sq. discipline of pale whites, yellows, and greens, the portray is constructed from rectangles so shut that they virtually cancel one another out—which is precisely the purpose, as a result of Martin wasn’t providing enlightenment. She was testing how little a portray may do whereas nonetheless holding the viewer in place.
The grid right here is drawn by hand, the pencil traces barely seen. The floor hums as a result of each tiny shift in tone feels earned, not mystical. It’s an excellent instance of Martin’s lifelong argument that readability is extra radical than expression. If Martin’s delicate footage knock your socks off, I’d recommend a go to to Tempo Gallery, the place 13 works from her “Harmless Love” sequence are on view from November 7 by way of December 20—and naturally, a go to to the Breuer Constructing, the place Sotheby’s is displaying works comparable to this one earlier than promoting them.
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Why Sotheby’s Dominates the Prime Finish This Season


Picture Credit score: Pictures by Stefan Ruiz Sotheby’s seems to have secured many of the season’s real trophy materials, and the distribution isn’t refined. Eleven of the 15 highest-estimated heaps come from the home, together with all three of the season’s most spectacular Klimts, the marvelous van Gogh, and the Basquiat. A part of that is consignment technique—Sotheby’s has leaned into single-owner collections with concentrated firepower—however a part of it’s merely timing. The Lauder assortment alone may have reshaped the season, however paired with the Pritzker group and a powerful up to date slate in “The Now,” it successfully monopolizes the higher bracket. Christie’s holds its personal within the Ross Weis assortment, however the steadiness of energy is obvious.
The estimates inform one story; the bidding will inform one other. In a season outlined by warning, the highest of the market nonetheless tilts towards spectacle, and this yr’s November gross sales present that the urge for food for blue-chip names hasn’t gone away—it’s simply change into extra discriminating. Whether or not that self-discipline holds underneath the lights of the saleroom is the final query left.
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Honorable Point out: Cera, Juvenile Triceratops Skeleton, $2.5 million–$3.5 million, at Phillips


Picture Credit score: Phillips The artwork market’s dinosaur increase has graduated from novelty to its personal asset class, and Cera—a remarkably intact juvenile Triceratops—arrives squarely in that new actuality. Unearthed in 2016 in South Dakota’s Hell Creek Formation, the skeleton retains over 70 p.c authentic bone, an unheard-of determine for a younger animal whose bones are usually crushed lengthy earlier than fossilization. The mounting, finalized earlier this yr on the Sauriermuseum Aathal in Switzerland, offers the creature a poised, virtually curious stance: a Late Cretaceous teenager caught mid-stride.
However the true headline is the market context. Dinosaurs are immediately competing with Picassos and Rothkos. Final yr, Christie’s London moved a trio of skeletons—together with two Allosaurus and a Stegosaurus—for £12.4 million. In July, a juvenile Ceratosaurus blew previous its $6 million estimate to hit $30.5 million at Sotheby’s, the identical home that offered Ken Griffin a $44.6 million apex predator in 2024 and moved a $32 million T. rex in 2020. In opposition to that backdrop, Cera isn’t only a paleontological prize; it’s a standing object in a market that has determined prehistoric bone and blue-chip artwork can share the identical stage.
Not like the hulking grownup specimens that are inclined to dominate these headlines, a juvenile Triceratops truly clarifies how the species grew. That makes Cera scientifically helpful, not simply visually spectacular. Whether or not it lands in a museum or a personal showroom, its significance is clear: that is the form of specimen researchers hardly ever get to the touch and collectors more and more deal with like a Basquiat with actual horns as a substitute of oil stick ones.

