Art Market
Interior view of Art Basel Miami Beach, 2025. Courtesy of Art Basel.
Art Basel Miami Beach’s 23rd edition came to a close on Sunday, December 7th, hosting 283 galleries at the Miami Beach Convention Center. From the outset of the fair’s VIP day on Tuesday, December 3rd, a sturdy pace of deal-making was consistent across the fair’s run.
“Miami was fun this year!” Marc Glimcher, CEO of Pace Gallery, said in a statement, hailing this year’s fair as a “great wrap-up to a fall where we truly saw the market turn around.”
Indeed, galleries were quick to report a raft of transactions on VIP day, with a $5.5 million Gerhard Richter painting at David Zwirner’s booth leading the ticket. The next day, Lévy Gorvy Dayan placed Andy Warhol’s Muhammad Ali (1977), with a listing price of $18 million. That transaction was the most expensive reported at the fair overall, and many dealers echoed Glimcher’s observation that the market is experiencing a renewed bout of momentum this season.
Andy Warhol, Muhammad Ali, 1977. Courtesy of Lévy Gorvy Dayan.
“Art Basel Miami Beach has been a triumphant finale after a historic year for our team and our artists,” Eric Gleason and Nicholas Olney, co-founders of Olney Gleason, said in a joint statement. The gallerists noted that the fair “confirmed the market return we started feeling during the October fairs in Europe.”
The last major art fair of the year and the anchor in a week of glitzy parties, brand activations, and nearly 20 satellite fairs taking place in town, Art Basel Miami Beach is closely watched as much for its associated spectacles as for its sales. Perhaps the most talked-about item of the week came from inside Art Basel at its new digital art section Zero10, where the faces of figures including Elon Musk and Jeff Bezos were grafted onto a pack of robot dogs. The installation by Beeple, Regular Animals (2025), drew crowds and cameras across the week as the robot dogs intermittently entered “poop mode,” indicated by their LED screens, tipping backward and ejecting printed images.
Interior view of Art Basel Miami Beach, 2025. Courtesy of Art Basel.
Every edition of the works (priced at $100,000 apiece) sold at the fair, providing an apt illustration of the sentiment at the fair overall: that much of the buzz around the aisles was translating into hard business.
“I am thrilled by the energy, ambition, and creativity that reverberated within and beyond our halls,” said the fair’s director, Bridget Finn, in a statement.
Here, we round up the key sales reported by galleries at Art Basel Miami Beach 2025.
Leading sales at Art Basel Miami Beach 2025
Installation view of David Zwirner at Art Basel Miami Beach, 2025. Courtesy of Art Basel.
In addition to the $5.5 million Gerhard Richter reported on the fair’s VIP day, David Zwirner’s sales included:
- A painting by Alice Neel for $3.3 million.
- Josef Albers’s Homage to the Square (1955) for $2.5 million and Homage to the Square (1964) for $2.2 million.
- A painting by Dana Schutz for $1.2 million.
- A work by Ruth Asawa for $1.2 million.
- A photograph by William Eggleston for $500,000.
- A painting by Oscar Murillo for $350,000.
- A work on paper by Robert Rauschenberg for $300,000.
- A drawing by Elizabeth Peyton for $240,000.
- A sculpture by Dana Schutz for $240,000.
- A painting by Josh Smith for $180,000.
- A work on paper by Gerhard Richter for $120,000.
- A work on paper by Marlene Dumas for $120,000.
- A work by Lisa Yuskavage for $120,000.
- Photographs by Wolfgang Tillmans for $115,000 each.
- Two Nate Lowman paintings for $200,000 and $100,000, respectively.
- New prints by Raymond Pettibon for $50,000 each.
Hauser & Wirth reported major sales led by George Condo’s Untitled (Taxi Painting) (2011) for $3.99 million. Other reported sales included:
- Louise Bourgeois’s Persistent Antagonism (1946–48) and Mr. Follett: Nursery-Man (1944) for $3.2 million and $2.5 million, respectively.
- Ed Clark’s Paris Series (1990) for $1.2 million.
- Henry Taylor’s Every Brotha Has a Record (2020) for $1.2 million.
- Rashid Johnson’s Standing Broken Soul “Nowhere Man” (2025) for $1 million.
- Pat Steir’s Painted Rain #5 (2022–2023) for $800,000.
- Günther Förg’s Untitled (2008) for $795,000.
- Keith Tyson’s Still Life Emerging From Random Noise (2022) for $350,000.
- Qiu Xiaofei’s The Ecstasy of Blood and the Cosmos (2025) for $300,000.
- Annie Leibovitz’s Driving Series, 1970–1984 (2019) for $275,000.
- Lee Bul’s Perdu CCXXIII (2025) for $260,000.
- Nairy Baghramian’s S’éloignant (2023) for €250,000 ($291,297).
- María Berrío’s On Which We Sharpen Hopes (2025) for $250,000.
- Catherine Goodman’s Winged I (2024) for $250,000.
- Angel Otero’s Sonámbula (Sleepwalker) (2025) for $250,000.
- William Kentridge’s Paper Procession VI (2023) for $250,000.
- Jenny Holzer’s Selection from Truisms: The unattainable… (2019) for $225,000.
- Firelei Báez’s Let Love Be Your Guide (2025) for $195,000.
- Nicole Eisenman’s Beautiful Sun (2025) for $150,000.
- Three editions of Cindy Sherman’s Untitled #685 (2025), for $150,000 each.
Almine Rech reported notable sales led by a Pablo Picasso painting for a price in the range of $2.8 million–$3 million. Other reported sales included:
- A work by James Turrell for a price in the range of $900,000–$1,000,000.
- A painting by Larry Poons for a price in the range of $275,000–$300,000.
- A painting by Joe Andoe for a price in the range of $110,000–$120,000.
- A painting by Emily Mason for a price in the range of $110,000–$120,000.
- A painting by Vaughn Spann for a price in the range of $75,000–$80,000.
White Cube’s reported sales were led by Willem de Kooning’s Untitled Woman (1978) for $2.85 million. Other sales included:
- Damien Hirst’s When the Heart Speaks (2005) for $2.5 million.
- Tracey Emin’s To Much Force (2025) for £1.2 million ($1.6 million).
- Andreas Gursky’s Harry Styles (2025) for €1.2 million ($1.4 million).
- Richard Hunt’s Half Circle Runner (1979) for $1 million.
- Cai Guo-Qiang’s Study for Uffizi: A Bouquet of Flowers No. 4 (2018) for $750,000.
- Antony Gormley’s CONCENTRATE (2025) for £500,000 ($666,017).
- Raymond Pettibon’s No Title (Fluff. Cayll me…) (2018) for $420,000.
- Katharina Grosse’s Untitled (2018) for €315,000 ($367,034).
- Ilana Savdie’s Eyeless Creature Turns Out to Be All Eyes (2025) for $170,000.
- Sarah Morris’s Bank of China (2025) for $155,000.
- Christine Ay Tjoe’s Yesterday’s Leftover Blood (2025) for $200,000.
Thaddaeus Ropac led its reported sales with Alex Katz’s Orange Hat 2 (1973) for $2.5 million. Other sales included:
- Katz’s Wildflowers 1 (2010) for $1.5 million.
- Georg Baselitz’s Selbstportrait 1953, 18.V.97 (1997) for €1 million ($1.16 million).
- Robert Longo’s Untitled (Formula One Car Crash) (2025) for $750,000, Study of Big Tube (2025) for $225,000, and Study of Bull Elephant (2025) for $120,000.
- Antony Gormley’s LOITER (2025) for £450,000 ($599,415) and Meme 1 (2009) for £175,000 ($233,106).
- Tony Cragg’s Incident (2023) for €425,000 ($495,107) and Justine (2025) for €300,000 ($349,487).
- Martha Jungwirth’s 7. Oktober I (2023) for €340,000 ($396,085) and Hier die ersehnten Maße meines Juwels (2025) for €75,000 ($87,371).
- Jordan Casteel’s Subway Bouquet (2025) for $330,000.
- Megan Rooney’s Lake Road (2025) for £250,000 ($333,008).
- Joan Snyder’s Modern Times (2006) for $150,000 and Small Vanishing Theatre (1975) for $80,000.
- Zadie Xa’s Labyrinth (2025) for £65,000 ($86,582).
Sprüth Magers’s reported sales were led by George Condo’s Divided Single Portrait (2025) for $1.8 million. Other reported sales included:
- Condo’s Open Forms (2024) for $1.2 million.
- Craig Kauffman’s No. 1 (1963) for $450,000.
- Anne Imhof’s Pink Cloud (2025) for €250,000 ($291,239).
- Rosemarie Trockel’s Gogol (2011) for €250,000 ($291,239).
- Lucy Dodd’s Becoming Butterfly (2025) for €180,000 ($209,692).
- Sterling Ruby’s GOLD PLUTONIA (2022) for $85,000.
- Gala Porras-Kim’s San Vitale, Ravenna, marble floor reconstruction (2025) for $80,000.
- Thea Djordjadze’s Untitled (2025) for €65,000 ($75,722).
- Sylvie Fleury’s Bye Bye Dark Circles (Perfect Almond) (2023) for €55,000 ($64,072).
- Karen Kilimnik’s cat burglars club meeting (1977) for $20,000.
P.P.O.W reported the sale of Martin Wong’s Tai Ping Tien Kuo (Tai Ping Kuo) (1982) for $1.6 million.
Pace Gallery’s sales were led by Sam Gilliam’s Heroines, Beyoncé, Serena and Althea (2020) for $1.1 million. Other reported sales included:
- Loie Hollowell’s Cadmium red brain on mauve background above blue water (2025) for $450,000.
- Lynda Benglis’s Fanfaronade (1979) for $400,000.
- Emily Kame Kngwarrey’s Yam Dreaming (1995) for $350,000.
- Elmgreen & Dragset’s Sunshine (2025) for $320,000.
- Marina Perez Simão’s Untitled / Sem Título (2025) for $220,000.
- Paulina Olowska’s Petunia and Teddy (2025) for $195,000.
- Robert Nava’s Lightning Spirit Luna (2025) for $185,000.
- Li Songsong’s Authenticity (2025) for $150,000.
- Alicja Kwade’s In-Between (2025) for a price in the range of $110,000–$130,000.
- Louise Nevelson’s America IV (1964) for $125,000, Untitled (1980) for $125,000, and Untitled (1980) for $110,000.
- Three works from Leo Villareal’s “Golden Game (Medium)” series for $125,000 each.
- Friedrich Kunath’s One Day It Will All Make Sense (LA) (2024–2025) for $115,000.
- Alejandro Piñeiro Bello’s Sol Descendiente (2025) for $110,000.
Notable blue-chip sales at Art Basel Miami Beach 2025
Do Ho Suh, Some/One, 2014. © Do Ho Suh. Courtesy the artist and Lehmann Maupin, New York, Seoul, and London.
Lehmann Maupin’s sales were led by Do Ho Suh’s sculpture Some/One (2014), which was sold for $1 million. Other reported sales include:
- Liza Lou’s two glass-beaded canvas works, Hyperbaton (2025) and The Valley (2024), sold for a combined total of $525,000–$575,000.
- Two paintings by McArthur Binion from the “DNA: Study” series for a total of $500,000.
- Erwin Wurm’s Question (Substitutes) (2025) for €180,000 ($209,925).
- Alex Prager’s Hidden Hills (Echoes) sold for $55,000.
- A new work by Anna Park sold for $25,000–$35,000.
Xavier Hufkens reported a suite of strong sales led by a $650,000 George Condo sculpture. Other reported sales include:
- A painting by Nicolas Party for $615,000.
- A painting by Charline von Heyl for $475,000.
- A sculpture by Mark Manders for €240,000 ($279,565).
- A sculpture by Antony Gormley for £225,000 ($299,613).
- A painting by Tracey Emin for £105,000 ($139,819).
- A sculpture by Lynda Benglis for $110,000.
Maruani Mercier Gallery’s reported sales were led by Andy Warhol’s Ladies and Gentlemen (Alphanso Panell) (1975) for a price in the range of $700,000–$800,000. Other reported sales included:
- Francesco Clemente’s Love (Ed. 2/9) (2019) for a price in the range of $90,000–$100,000.
- Jaclyn Conley’s Spring (2025) for a price in the range of $75,000–$80,000 and Winter trees (2025) for a price in the range of $60,000–$80,000.
- Von Wolfe’s Bound by Steam and Silence (2025) for a price in the range of $75,000–$80,000.
- Kasper Sonne’s 7 Years (2025) for a price in the range of $50,000–$60,000.
- Samuel de Saboia’s Returning to myself (2025) for a price in the range of $15,000–$25,000.
Mitterrand’s sales were led by “a group” of Richard Pettibone paintings for a total of $800,000. Other reported sales include:
Karma’s sales were led by Reggie Burrows Hodges’s Labor: Sound Bath (2022) for $750,000. Other reported sales include:
- Cady Noland’s Institutional Field Door (1991) for $375,000.
- Yvonne Jacquette’s Walmart and Other “Big Box” Stores, Augusta, ME II (2006) for $200,000 and Connecticut, Night Aerial (1984) for $60,000.
- Kathleen Ryan’s Bad Orange (Crush) (2025) for $175,000.
- Jeremy Frey’s Continuum (2025) and Urchin (2025) for $160,000 and $70,000, respectively.
- Marley Freeman’s the night must move its deepest darkness (2024) for $50,000.
- Sanaa Gateja’s Tributaries (2024) for $45,000.
David Kordansky Gallery’s sales were led by Rashid Johnson’s God Painting “I Dream A Lot” (2025) for $750,000. Other reported sales included:
- Shara Hughes’s Good Choreo (2025) for a price in the range of $450,000–$500,000.
- Huma Bhabha’s Stars (2024) for a price in the range of $330,000–$380,000.
- Hilary Pecis’s Kitchen Counter (2025) for a price in the range of $250,000.
- Three works by Lucy Bull—12:50, 2:44, and 2:40 (all 2025)—for prices in the range of $100,000–$145,000 each.
- Sayre Gomez’s COSTCO (2025) for $110,000.
Lisson Gallery’s sales were led by Anish Kapoor’s Untitled (2015) for £500,000. Other sales reported by the gallery included:
- Hiroshi Sugimoto’s Opticks 625 (2024) and Opticks 646 (2025) for $250,000 apiece.
- Pedro Reyes’s Nonami (2025) for $180,000.
- Jack Pierson’s THIS PERFECT MOMENT (2025) for $175,000 and TE AMO (2025) for $125,000.
More six-figure sales at Art Basel Miami Beach 2025
Timothy Taylor’s reported sales were led by an Agnes Martin painting for $550,000. Other sales included:
- A large painting by Eddie Martinez for $245,000, as well as two small paintings by the artist for $25,000 each, and six small sculptures for a total of $24,000.
- Two paintings by Hilary Pecis for $180,000 each.
- A painting by Marina Adams for $165,000.
- A work by Annie Morris for £115,000 ($153,134).
- A painting by Paul Anthony Smith for $95,000.
- Two paintings by Hayal Pozanti for $75,000 and $60,000 apiece.
- A painting by Chris Martin for $42,000.
- A work by Paul Jenkins for $21,000.
Tina Kim Gallery’s sales were led by a painting by Ha Chong-hyun for $390,000. The gallery also sold two paintings by the artist for $250,000 each. Other sales included:
Berry Campbell Gallery’s reported sales were led by Yvonne Thomas’s Caribbean Shore (1959) for $375,000. Other sales reported by the gallery included:
- Perle Fine’s Aftermath of a Sweeping Storm (1958) for $300,000.
- Mary Abbott’s Hill Dancers (1948) for $275,000.
- Helen Frankenthaler’s Against the Rules (1983) for $195,000.
- Mercedes Matter’s Untitled (Still Life) (ca. 1978) and Untitled (Tabletop Still Life) (ca. 1955) for $175,000 and $150,000, respectively.
Locks Gallery’s sales were led by a painting by Jennifer Bartlett for a price in the range of $300,000–$350,000, followed by a diptych by the artist for a price in the range of $200,000–$225,000. Three paintings by Jane Irish were also sold, with each priced between $40,000 and $45,000.
Nara Roesler’s sales were led by Tomie Ohtake’s Untitled (1982) for $240,000, followed by Sheila Hicks’s Uirapuru (2025) for $220,000 and Heinz Mack’s Untitled (Chromatic Constellation) (2020) for €220,000 ($256,359). Additional placements included:
Galerie Nordenhake’s reported sales were led by Sarah Crowner’s Yellow Wall (2025) for $275,000. Other reported sales include:
- Elena Damiani’s Variations V, VI and VIII, of Poem I Stanza (2025) for $120,000.
- Spencer Finch’s Study for Goldberg Variations 21, 30, 29 (2021) for $79,000.
- Patricia Treib’s Volutions II for $50,000.
- Stanley Whitney’s Untitled (2022) for $50,000.
- Naufus Ramírez-Figueroa’s Esquisuchil Branch (2025) for $37,000.
- John Zurier’s November (C. F. Hill) (2023) for $26,000.
- Frida Orupabo’s point of no return (2024) for $22,000.
- Ryan Mrozowski’s Untitled (Bird) (2025) for $19,000.
Jessica Silverman’s sales were led with multiple works by Woody De Othello, including a sculpture for $275,000, a wall work for $25,000, and a ceramic work for $22,000. Other sales reported by the gallery included:
- Four paintings by Guimi You for $20,000–$88,000 each.
- A painting by Hayal Pozanti for $75,000.
- A work by Lava Thomas for $75,000.
- Two ceramic wall works by Rebecca Manson for $65,000 each.
- Two paintings by Clare Rojas for $60,000 each.
- A work by Beverly Fishman for $60,000.
- Two paintings by Julie Buffalohead for $56,000 and $48,000 each.
- A work by GaHee Park for $55,000.
- A work by Masako Miki for $55,000.
- A work on paper by Rupy C. Tut for $48,000.
- A work by Andrea Bowers for $48,000.
- Two paintings by Atsushi Kaga for $45,000 and $30,000 each.
- A work by David Huffman for $40,000.
- A work by Rebecca Ness for $30,000.
- A work on paper by Andrea Carlson for $30,000.
- A work by Chelsea Ryoko Wong for $22,000.
Perrotin’s reported sales were led by four works by Lee Bae for prices between $60,000 and $200,000 each. Additional placements included two works by Genesis Belanger andOli Epp, each in the $30,000–$60,000 range, along with works by Vivian Greven, Nikki Maloof, GaHee Park, and Xiyao Wang in the $30,000–$60,000 range. Three works by Izumi Kato also sold for prices between $30,000 and $60,000 each.
Goodman Gallery’s reported sales were led by a work on paper by William Kentridge for $240,000. Other works included a sculpture by Hank Willis Thomas for $175,000 and another work on paper by Kentridge for $120,000.
Mai 36 Galerie’s sales were led by H.R. Giger’s Tachistisches Kleisterbild (1963) for $225,000. The gallery also sold Giger’s Birth Machine Baby (1998) for $125,000. The gallery sold five additional works by the artist for prices ranging from $24,000 to $50,000 each.
Rele reported the sale of Harmonia Rosales’s Perseverance On Turbulent Waters (2025) for $200,000.
Templon’s sales were led by an unspecified number of works by Kehinde Wiley and Omar Ba, each priced in the $100,000–$300,000 range. The gallery also sold an unspecified number of works by Will Cotton priced between $22,000 and $200,000 each, and an unspecified number of works by Chiharu Shiota for $20,000 each.
Proyectos Monclova—one of Artsy’s best booths—reported strong sales led by two works by Gabriel de la Mora, each priced between $200,000 and $300,000. The gallery also sold four works by Eduardo Terrazas for $80,000–$100,000 each and four works by Hilda Palafox for $30,000–$45,000 each. Additionally, three works by Andrés Pereira Paz were sold for $15,000–$20,000 apiece.
Olney Gleason’s reported sales were led by Marcia Marcus’s Ruine (1981) for $150,000. Other reported sales included:
- Four works on paper by Tony Lewis for prices between $15,000 and $60,000 each.
- Robert Indiana’s Eat (1962) for $135,000.
- Bosco Sodi’s Untitled (2025) for $125,000.
- Two wall panels, Stories from Flowers (2025) and Mid-October (2025), by Diana Al-Hadid, for $110,000 each.
- Robert Motherwell’s {Untitled (Open Grey on Ochre)} (1974) for $100,000.
- Alexis Ralaivao’s Le Triangle (2025) for $80,000.
- Cynthia Daignault’s Details (America) (2025) for $42,000.
- Sonia Gechtoff’s Night Sea Cape May (1984) for $38,000.
- Artsy Vanguard 2026 artist Emil Sands’s The Edge of Lake Peter (2025) for $24,000.
- Pablo Bronstein’s Exhibition Quality Mantle Clock displaying Indian and Greenwich times, celebrating the Triumph of Indian Steel in the style of a Regency Political Cartoon (2025) for £22,000.
- Max Ernst’s Chéri Bibi (1973) for $20,000.
- Daniel Gordon’s Color Light Study (Bowl With Glasses and Fork) (2025) for $10,000.
Alisan Fine Arts’s sales were led by Walasse Ting’s Allure of Fiery Red (ca. 1990s) for a price “inthe range of” $125,000. The gallery also sold two sculptures by Ming Fay for $16,000 and $45,000, respectively.
Pearl Lam Galleries reported sales of Alimi Adewale, Michal Korman, and Su Xiaobai, with prices ranging from $45,000 to $120,000.
kó—another of Artsy’s best booths—reported sales of five works by Nike Davies-Okundaye, which each ranged in price from $30,000 to $120,000.
Casey Kaplan’s sales were led by a work by Amanda Williams for $120,000 and an Igshaan Adams work for $110,000. The gallery also sold works by Caroline Kent, Judith Eisler, Jordan Casteel, Kevin Beasley, Sydney Cain, and Kaveri Raina, each for prices ranging from $24,000 to $80,000.
More five-figure sales at Art Basel Miami Beach 2025
Michael Kohn Gallery’s sales were led by a Nir Hod painting for $98,000. A work by Lita Albuquerque also sold for $90,000, with two additional works by the artist placed for $36,000 each. The gallery also sold an Alicia Adamerovich work for $7,500.
Catharine Clark Gallery—one of Artsy’s best booths—led sales with a $75,000 watercolor from its solo presentation of Masami Teraoka. The gallery also sold additional watercolors at $68,000 and $45,000 apiece, a lithograph, and a cherry block woodcut for $9,000 each, and two prints each in the $3,800–$9,000 range. Other sales included four works for $3,800 each, two works each priced between $1,800 and $2,500, and three drawings each ranging in price from $3,500 to $9,000.
Anat Ebgi’s reported sales were led by Jordan Nassar’s Heat of the Wind (2025), a hand-embroidered cotton work, for $72,000. Other sales reported by the gallery include:
El Apartamento’s reported sales were led by two large hand-cut paper works by Ariamna Contino for $55,000 each. Other reported sales include:
- Two large diptychs by Miki Leal for $55,000 each, three large works by the artist for $30,000 each, a mid-sized work for $20,000, and a small work for $6,500.
- One mid-sized hand-cut paper work by Ariamna Contino for $25,000 and five small hand-cut paper works by the artist for $16,000 each.
- Two works by Diana Fonseca for $24,000 each.
- A large wood sculpture by Orestes Hernandez for $23,000.
- Seven works by Roberto Diago for undisclosed prices.
Wentrup’s reported sales were led by Gregor Hildebrandt’s Streisand Kasten (2025) for $55,000. Other sales include:
Southern Guild’s reported sales were led by Roméo Mivekannin’s The Lacemaker (1669–1671), after Johannes Vermeer (2025) for $54,000. Other reported sales include:
Yve YANG’s reported sales were led by a silk embroidery by Wang Ye (2025) for a price in the range of $30,000–$50,000.
RYAN LEE—one of Artsy’s best booths from the fair—sold two works on paper by Emma Amos for $35,000–$45,000.
Luis De Jesus Los Angeles sold three works by Hugo Crosthwaite: Mujer Toma Culebra (Woman Grabs Snake) (2024) for $40,000, Tijuacolor (2024) for $40,000, and Frutas (Fruit) (2025) for $40,000.
Richard Saltoun reported the sales of five works by Cossette Zeno for $8,000–$20,000 each.
Piero Atchugarry Gallery’s solo booth of works by Eva Olivetti yielded sales of works by the artist, including:
- SOLEDAD (1980) for $10,000.
- LA MAESTRA (ca. 1968) for $10,000.
- PAISAJE 20 (ca. 1970) for $10,000.
- CIUDAD VIEJA (ca. 1973) for a price in the range of $15,000.
