From multi-billion dollar auction week to the most expensive art fairs: the best and worst of the art world this week


Macklowe Trove makes history – The second part of the Macklowe treasure sale at Sotheby’s dethroned the Rockefeller auction as the most expensive private art collection sale in history.

Phillips Makes Biggest Sale Ever Thanks to Basquiat – The auction house brought in $225 million, setting a record for its most lucrative sale ever.

Independent launches a new fair – The beloved art fair opens a new edition this fall dedicated to underrated artists of the 20th century.

Frieze frame – Discover the best of Frieze New York at The Shed in pictures.

What’s on your walls – Art dealer and collector Fabienne Lévy tells Artnet News what work she wishes she had picked up when she had the chance.

Free for all – Snapchat founder Evan Spiegel and his wife, model Miranda Kerr, just donated $10 million to pay off student debt for the Otis College of Art Class of 2022.

Meet the artist OG Drip – Years before Jackson Pollock started splattering paint, Ukrainian artist Janet Sobel pioneered her own drip method.

Michelangelo sets auction record – A drawing by the Old Master has sold for $21 million, a new high price for the artist at auction.

Parthenon talks go ahead – In a major breakthrough, Greek and British officials have agreed to formal talks on returning the Parthenon Marbles.

Sotheby’s strikes big – From Monet and Picasso to new records for emerging female artists, Sotheby’s has raked in impressive sums from spring sales.

Ukrainian soldiers find ancient Greek urns – While digging trenches in Odessa, Ukrainian soldiers unearthed ancient Greek amphoras.

Egg on her face – A new statue of Margaret Thatcher has been erected in the late politician’s hometown – and hours later it was erected.

A big price to pay – Most conversations about art fairs revolve around the selling price of works, but even Climb in Frieze, visitors have to shell out a lot of money.

Whitney workers get ‘lowball’ offer – Members of the Whitney Museum union staged a protest outside the museum’s annual gala, criticizing the museum’s wage offer.

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