{"id":227152,"date":"2026-05-11T13:39:07","date_gmt":"2026-05-11T13:39:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/227152\/"},"modified":"2026-05-11T13:39:07","modified_gmt":"2026-05-11T13:39:07","slug":"market-outlook-for-new-yorks-may-sales","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/227152\/","title":{"rendered":"Market Outlook for New York\u2019s May Sales"},"content":{"rendered":"<p>There are half a dozen art fairs running this week in the Big Apple. Chief among them is Frieze New York, which opens to VIPs at the Shed on Wednesday with 68 galleries, around half of which are New York-based. Meanwhile, more than $1.8 billion worth of art is set to go under the hammer across the major auction houses, starting at Sotheby\u2019s on May 14, where Robert Mnuchin\u2019s monumental Rothko is poised to bring in $70 million to $100 million dollars.<\/p>\n<p>If last November\u2019s auctions suggested the market had found its footing again, May\u2019s sales will reveal whether that momentum has staying power.<\/p>\n<p>Plus, a\u00a0major Banksy work is heading to auction with one of the highest estimates ever attached to the artist and the estate of sculptor Robert Therrien has left Gagosian after nearly 30 years to join rival mega-gallery David Zwirner. <\/p>\n<p>For more need-to-know intel,\u00a0<a href=\"https:\/\/news.artnet.com\/subscribe?utm_source=sailthru&amp;utm_medium=email&amp;utm_campaign=news&amp;utm_term=wkly&amp;utm_content=back-room-120823\" target=\"_blank\" rel=\"noopener nofollow\">subscribe now<\/a>\u00a0to\u00a0The Back Room,\u00a0our lively recap funneling only the week\u2019s must-know intel into a nimble read you\u2019ll actually enjoy delivered straight to your inbox every Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"There are half a dozen art fairs running this week in the Big Apple. Chief among them is&hellip;\n","protected":false},"author":2,"featured_media":227153,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[39882,89190,84936,89191,8363,77094,20023,50339,40212,89193,55719,25192,10628,9,11,10,7994,89192,89194,13851],"class_list":["post-227152","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-art-auctions","tag-art-market-minute","tag-art-market-news","tag-art-market-podcast","tag-art-news","tag-artnet-news","tag-auctions","tag-banksy","tag-david-zwirner","tag-fair-warning","tag-frieze-new-york","tag-gagosian","tag-market","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-podcasts","tag-robert-therrien","tag-rothko","tag-sothebys"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/227152","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=227152"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/227152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/227153"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=227152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=227152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=227152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}