{"id":223659,"date":"2026-05-07T19:10:15","date_gmt":"2026-05-07T19:10:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/223659\/"},"modified":"2026-05-07T19:10:15","modified_gmt":"2026-05-07T19:10:15","slug":"uncertainty-but-also-optimism-mark-new-york-art-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/223659\/","title":{"rendered":"Uncertainty, But Also Optimism, Mark New York Art Week"},"content":{"rendered":"<p class=\"css-ac37hb evys1bk0\">Phillips, the third largest auctioneer in New York, opens its evening sale (May 19) with <a class=\"css-yywogo\" href=\"https:\/\/www.phillips.com\/article\/167157611\/a-life-in-color-property-from-the-estate-of-tina-hills\" title=\"\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">property from the estate of the Miami philanthropist Tina Hills<\/a>, who bought major works by the artists Joan Mitchell and Helen Frankenthaler, and works from the private collection of John L. Loeb Jr., a former U.S. ambassador to Denmark, who has a particularly impressive collection of paintings of tranquil interior scenes by Vilhelm Hammershoi, who has been called the Danish Vermeer.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Other highlights of the Phillips sale include Claude Monet\u2019s \u201cLa route de V\u00e9theuil, effet de neige,\u201d which the artist painted in V\u00e9theuil, France, in 1879, with an estimate of $7 million to $10 million, as well as a rare work on canvas by the American sculptor Lee Bontecou, \u201cPlate 166,\u201d which could fetch $1.2 million to $1.8 million.<\/p>\n<p class=\"css-ac37hb evys1bk0\">\u201cWe\u2019re going to have blockbuster after blockbuster, between Mnuchin, Gund and all these other estates,\u201d Ward said.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Given that there is so much material for sale, one must wonder if there is sufficient demand within the market for so many big-ticket items. Art dealers seemed to feel that the concentration of wealth among the very prosperous means there is real buying power, if the work is high quality and rare to the market.<\/p>\n<p class=\"css-ac37hb evys1bk0\">\u201cRich people are richer than they\u2019ve ever been, at least on paper,\u201d the New York art dealer Marianne Boesky said in an interview. \u201cA lot of what has impacted the market in recent years is mood, and people not having the attention with everything that\u2019s going on.\u201d<\/p>\n<p class=\"css-ac37hb evys1bk0\">That mood can change in an instant, however, especially with President Trump\u2019s unpredictable approach to world affairs. Optimism, after all, is merely a state of mind, and the art market, like the stock market, is driven by a feeling of security.<\/p>\n","protected":false},"excerpt":{"rendered":"Phillips, the third largest auctioneer in New York, opens its evening sale (May 19) with property from the&hellip;\n","protected":false},"author":2,"featured_media":223660,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1149,20023,22080,80608,86262,28924,87867,87868,2576,9,11,10,87869,87866,35046,87870,13851],"class_list":["post-223659","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-art","tag-auctions","tag-christies","tag-collectors-and-collections","tag-goodman","tag-manhattan-nyc","tag-marian","tag-mnuchin","tag-museums","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-newhouse","tag-phillips-auctioneers-llc","tag-robert","tag-s-i-jr","tag-sothebys"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/223659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=223659"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/223659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/223660"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=223659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=223659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=223659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}