• Washington
  • Wall Street
  • A.I.
  • Hollywood
  • Media
  • Fashion
  • Sports
  • Art
  • Join Puck Newsletters What is puck? Authors Podcasts Gift Puck Careers Events
  • Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers

Sep 2, 2025

Wall Power
Van Cleef & Arpels
Marion Maneker Marion Maneker

Welcome back to Wall Power. I’m Marion Maneker.

I want to start out by apologizing to Richard Green and his family for inadvertently describing him as “the late Richard Green” in Sunday’s newsletter. The octogenarian Richard Green is still very much with us.

Over the weekend, the auction market got a big jolt from the announcement of the $180 million Weis collection. I’ll give you guys some details below. My understanding is that more collections are still to be announced, with some being pitched this week, so we could be looking at a stronger fall season than the summer’s market torpor suggested.

Meanwhile, bubbling under the surface, there has been a lot of strength for artworks priced below $1 million and even $500,000. A good example is the estate of Roy and Dorothy Lichtenstein, which has already sold 68 works totaling $90 million this year. Today, Sotheby’s announced that 96 of Lichtenstein’s works will be sold in a single-owner midseason sale on September 26 in New York and on September 28 in Hong Kong. More on that below the fold.

But first…

  • The $180 million Weis collection is coming to Christie’s: The Weis family of Pennsylvania is finally selling their parents’ collection at Christie’s this November, with 18 of the 80 lots being offered in a single-owner evening sale prior to the 20th century evening sale. The entire collection is estimated at $180 million and has been guaranteed by the auction house, reportedly at a level just above the estimates, which would make sense. The deal seems to have been made some time ago, but the works were held until this fall, so as not to compete with some other estates recently at auction.

    The top lot of the sale is a 1958 Mark Rothko No. 31 (Yellow Stripe), which Christie’s expects to sell for $50 million. Pablo Picasso’s 1932 painting of Marie-Thérèse Walter, La Lecture, is expected to make $40 million. Piet Mondrian’s Composition with Red and Blue, made between 1939 and 1941, is estimated at $20 million. And Henri Matisse’s Figure et Bouquet, from 1937, is estimated at $15 million. There are many more works by artists like Joan Miró, Max Ernst, Arshile Gorky, Georges Braque, and others.
Van Cleef
& Arpels
Van Cleef
& Arpels

Van Cleef & Arpels invites you to open the doors of wonder with the "Cosmic Splendor: Jewelry from the Collections of Van Cleef & Arpels" exhibition at the American Museum of Natural History in New York City. Until January 4, 2026, discover the Maison's precious creations, paying tribute to the marvels of the cosmos.

  • Sylvain Amic dies unexpectedly at 58: Sylvain Amic, who was appointed 16 months ago as director of the Musée d’Orsay and the Musée de l’Orangerie, died unexpectedly over the weekend. Per the New York Times obit, Amic’s upbringing in Senegal, and his early professional years teaching in Gambia, made him especially attuned to France’s colonial theft of art from Africa, and he was a vocal advocate for restitution. Calling Amic’s death “a shock” on social media, French President Emmanuel Macron praised his efforts to expand the public’s access to art.
  • Flora Yukhnovich at the Frick: Flora Yukhnovich’s site-specific installation at the Frick Museum will open tomorrow. Yukhnovich is an abstract painter who draws her inspiration from Italian baroque and French rococo works, and this installation is meant to be in dialogue with François Boucher’s The Four Seasons, which has been restored to its original place in the Frick home just outside of the Cabinet Gallery.
  • Rahul Kadakia to be elevated to president of Christie’s Asia Pacific: Christie’s announced this morning that Rahul Kadakia, the house’s international head of jewelry, will now also be global head of the luxury and Asian and world art groups. Those titles were previously held by Francis Belin, who announced his departure internally in late July, effective in September. Kadakia will also assume Belin’s role as president of Christie’s Asia Pacific, but not until January 2026, presumably to give him time to relocate to Hong Kong.

Now let’s get to the main event…

Bright Lichtensteins, Big City

Bright Lichtensteins, Big City

The pop artist’s works are enjoying a buying renaissance as the estate works with Sotheby’s to strategically bring them to sale. Meanwhile, the strength of the market for his lower-priced works is enticing younger buyers and reinforcing the health of the broader market.

Marion Maneker Marion Maneker

This autumn is shaping up to be a big auction season, with a number of high-value collections hitting the block. Christie’s unveiled the Weis collection over the weekend, and more are set to follow, with early intel suggesting a season with more $10 million-and-above historical works than we have seen in recent years. Another harbinger for the health of the market has been the recent string of successes for an artist at a price point far below the trophy market: Roy Lichtenstein.

Since last November, Sotheby’s has moved 68 works from the Lichtenstein estate across three sales cycles totaling almost $90 million. All of the Lichtenstein estate material found buyers, the majority at prices above the estimates, demonstrating an abundant appetite for the artist’s works. And while no one but the estate—and, possibly, the auction houses—truly knows how much more art the family holds, the heirs seem to be selling strategically to avoid depressing the market.

Van Cleef
& Arpels
Van Cleef
& Arpels

Van Cleef & Arpels invites you to open the doors of wonder with the "Cosmic Splendor: Jewelry from the Collections of Van Cleef & Arpels" exhibition at the American Museum of Natural History in New York City. Until January 4, 2026, discover the Maison's precious creations, paying tribute to the marvels of the cosmos.

On September 26, Sotheby’s New York will hold a single-owner midseason sale of works from the Lichtenstein estate, with a presale estimate of $14.5 million, and then sell a few additional lots in Hong Kong on September 28. Altogether, these will amount to an additional 96 lots from the family put on the market. If this sale continues the pattern of strong results, it will reinforce a clear message: Demand for Lichtenstein is deep and steady, and should be anchoring confidence in the broader market.

The timing could not be better. In part to commemorate a large gift of 400 works of studio material, made in 2018, that established the Roy Lichtenstein Study Collection, the Whitney is holding a retrospective of the pop artist’s work and career next year. Such shows don’t always drive artists’ markets, but when the material comes straight from the studio or the artist’s own holdings, collectors sit up and pay attention—especially in this single-owner sale, in which many of the lots are estimated at prices under $50,000.

And Sotheby’s hopes these lower estimates can entice younger buyers who might want something with real historical heft as well as contemporary cool. Pop art has been enjoying a slow-moving revival over the last decade, which gives Lichtenstein an appeal that’s both nostalgic and trendy. According to Sotheby’s, the number of under-30 buyers in the contemporary art sales has doubled in the first half of 2025 after exponential growth from 2019 to 2024. Naturally, the number of actual buyers we’re talking about remains unclear, but my guess is not huge. Still, new young buyers are a good thing, no matter how many there are.

Rebuilding From the Ground Up

Instead of dumping the works on the market—or offloading them to a dealer by taking a significant haircut called a blockage discount—the heirs and the auction house have worked together to offer the works at enticing estimates. The strategy has spurred a virtuous cycle: drawing buyers, demonstrating market strength, and broadening interest in Lichtenstein from collectors who may have overlooked him previously.

The broader market context supports this strategy. Lichtenstein’s auction peak came in 2015, per our friends at ARTDAI, when 55 works brought in just over $200 million after six years of mostly rising sales. Since then, the artist’s market has been consistently lower and fairly flat, with a sharp dip in 2022 followed by a slow rebuilding. So far this year, just shy of $78 million in Lichtenstein’s art has been sold at auction, and the estate material, along with just one or two more significant works, could push the auction volumes to, or even above, the top of the past decade’s range—all on the strength of lower-priced works.

Van Cleef
& Arpels
Van Cleef
& Arpels

In fact, the Lichtenstein market—and, perhaps, the broader art market—is being rebuilt from the ground up. The surge in lower-priced works—340 Lichtenstein lots sold in 2023, a record that could be eclipsed this year—suggests a broad base of activity. Stronger prices for works on paper and multiples should eventually ripple upwards, prompting a recalibration for more substantial sculptures and paintings.

Some of those higher-value works are already being tested. The star lot in the Hong Kong sale is a landscape painting from 1996, Vista with Bridge, which is estimated at HK$28 million or $3.5 million. That compares to a similar work from the same year that sold in 2019 for $6.5 million, and one in vertical format sold in 2016 for $4.5 million. Also on offer: Wimpy I, from 1988, is one of the first Reflections paintings that Lichtenstein made; its $1 million estimate is a fraction of the $10-million-plus prices that others from the series have achieved. In the May sale, Reflections: Art was offered at $4 million and sold for nearly $5.5 million.

Other highlights include Interior (Study) from 1991, a mock-up with taped images showing how Lichtenstein built his compositions, estimated at $700,000. A similar work depicting the Oval Office was estimated at $1 million in November, but sold for $4.2 million. Colored pencil sketches, another method the artist used to work out his ideas, are also on offer: Nude with Bust (Study), from 1995, is estimated at $400,000, and Slam, from 1989, at $100,000.

It would be foolish to extrapolate too much from the success of the Lichtenstein estate works. A large supply of lower-priced but decent-quality works from the estate of an artist with real global name recognition is hard to come by. We can’t look to replicate this success as a strategy for solving the market’s sense of woe. But, like the Chagall estate works being sold over time at Christie’s, the auction pops that these works can generate create a sense of market well-being that might further translate into interest and attention. Rebuilding a market takes time and happens in unexpected and out-of-the-way places—then it bursts out into the open. We’re not yet at the bursting stage. But we may be getting closer.

 

That’s all for today. I’ll see you in the Inner Circle tomorrow.

M

Line Sheet

The ultimate fashion industry bible, offering incisive reportage on all aspects of the business and its biggest players. Anchored by preeminent fashion journalist Lauren Sherman, Line Sheet also features veteran reporter Rachel Strugatz, who delivers unparalleled intel on what’s happening in the beauty industry, and Sarah Shapiro, a longtime retail strategist who writes about e-commerce, brick-and-mortar, D.T.C., and more. 

The Grill Room

Finally, a media podcast about what’s actually happening in the media—not the oversanitized, legal-and-standards-approved version you read online. Join Dylan Byers, Puck’s veteran media reporter, as he sits down with TV personalities, moguls, pundits, and industry executives for raw, honest, sometimes salacious conversations about the business of media and its biggest egos. New episodes publish every Tuesday and Friday.

Stories
Vogue Succession News

Vogue Succession News

LAUREN SHERMAN

ESPN Warning Signs

ESPN Warning Signs

DYLAN BYERS

The Old Masters’ New
Wave

The Old Masters’ New Wave

JULIE BRENER DAVICH

Puck
Facebook Twitter Instagram LinkedIn

Need help? Review our FAQ page or contact us for assistance. For brand partnerships, email ads@puck.news.

You received this email because you signed up to receive emails from Puck, or as part of your Puck account associated with {{customer.email}}. To stop receiving this newsletter and/or manage all your email preferences, click here.

 

Puck is published by Heat Media LLC. 107 Greenwich St, New York, NY 10006

SEE THE ARCHIVES

SHARE
Try Puck for free

Sign up today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.

Already a member? Log In


  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives

  • Exclusive bonus days of select newsletters
  • Exclusive access to Puck merch
  • Early bird access to new editorial and product features
  • Invitations to private conference calls with Puck authors

Exclusive to Inner Circle only



Latest Articles from Art

Minjae Kim
Glenn Adamson • September 2, 2025
Hot Hand: Minjae Kim
The Korean-born furniture designer transcends sticky definitional debates about art and design to create some of the most memorable furniture you’ve ever seen.
claude monet Nympheas sothebys
Marion Maneker • September 2, 2025
A Tale of Two Auction Houses
This season, in London, Sotheby’s has most of the high-value, historical works—everything from Freud and Klimt to Monet and Rothko. Meanwhile, Christie’s is leaning into what’s hot: Rashid Johnson, Kaws, Richard Prince, Yoshitomo Nara, and more.
Yü-Ge Wang at Christie's
Marion Maneker • September 2, 2025
The Middle Market’s Big Shift
While the big money has returned, auction houses are reducing estimates for cheaper works to entice buyers and minimize their losses. Now, the latest data reveals a big shift is taking place in the middle market, too.


Willem De Kooning
Marion Maneker • September 2, 2025
De Kooning’s $75 Million May
Even after the robust volume of sales in New York, there are clearly still plenty of serious buyers looking for de Koonings—and that wasn’t always a given.
Arthur Jafa
Dan Duray • September 2, 2025
King Arthur Holds Court
With a joint exhibit in Venice with his artistic hero, Richard Prince, Arthur Jafa sounds off on the power of scarcity, why we’re still chewing on Duchamp, and his loyalty to Kanye.
Art Basel
Marion Maneker • September 2, 2025
The Basel Squeeze
It’s still an honor for smaller galleries to show at Art Basel, but global expansion is putting pressure on them to bring exclusive works to the fair without publicizing their packing lists in advance. Now, some galleries are asking themselves whether they can even afford to participate.


Cybele Maylone - The Aldrich Museum
Marion Maneker • September 2, 2025
Condition Report: Cybele Maylone, The Aldrich Museum
The director of Ridgefield’s overachieving contemporary art museum is turning her institution’s gaze to Connecticut artists, making a case for the Constitution State as something more than the land of finance bros and old WASPs.


Get access to this story

Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.

Verify your email and sign in by clicking the link we just sent.

Already a member? Log In


Start 14 Day Free Trial for Unlimited Access Instead →



Latest Articles from Art

Nissan Skyline R34 GT-R
Jamie Lincoln Kitman • September 2, 2025
The Nissan Skyline R34 Named Desire
The collectible car market is finally moving past its beloved Boomer classics as a younger, Nintendo-raised generation chases high-performance Japanese rarities never meant for the American market. $2 million for a 20-year-old Nissan? That’s just the beginning.
De Bayser Sotheby's
Marion Maneker • September 2, 2025
Sotheby’s Object Lessons
The latest design sales commingle art and design objects in a way that offers everyone a teachable moment: They educate art collectors on the potential value of design objects, while giving the design people a greater appreciation for high-dollar contemporary artworks.
Francis Picabia
Marion Maneker • September 2, 2025
Picabia’s Final Frontier
The yacht-owning, sports car–loving artist Francis Picabia defied the odds in nearly all aspects of his life and career—and only now are his striking pinup works being taken seriously.


Sotheby's Art Auction
Marion Maneker • September 2, 2025
May Auction Report: Rational Exuberance
Lured by the optimistic tailwinds from last fall’s Lauder auction, high-value supply came back to the art market in May, with sales totaling $2.5 billion. But the comeback may not be quite as roaring as it appears: Unimpressive hammer ratios reveal buyers’ willingness to pay, but not more than they have to.
Ab-Anbar Art Gallery, London
Marion Maneker • September 2, 2025
Lifting the Fog on London’s Gallery Scene
In its sixth year, London Gallery Weekend isn’t just supporting nascent galleries and luring 50,000 art enthusiasts to town. It’s fortifying London’s place as a major art city.
Sotheby's auction bikes
George Nelson • September 2, 2025
Blazing Saddles
Through sales of ultra-rare bicycles and insider access to the Tour de France, Sotheby’s is recruiting a new class of clients from elite cycling’s swelling ranks of C-suite executives, collectors, and family-office principals.


Julian Schnabel Pace Gallery
Marion Maneker • September 2, 2025
A Separate Pace
The global gallery represents a wide range of artists, but there is something different about the four shows currently on view in New York.
Get access to this story

Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.

OR

Already a Member? Sign in



Latest Articles from Art

Caroline Seabolt, Ashkan Baghestani
Marion Maneker • September 2, 2025
Condition Report: Sotheby’s Caroline Seabolt & Ashkan Baghestani
A joint interview with the heads of Sotheby’s day sales on the depth of last week’s sales, the importance of estates in driving them, and the enduring thrill of selling another Hopper.
Patrick Bongoy
Glenn Adamson • September 2, 2025
Hot Hand: Patrick Bongoy
Patrick Bongoy weaves, stretches, and manipulates the discarded rubber that afflicts Africa, transmuting waste not only to evoke environmental exploitation or his homeland’s painful colonial past, but to express the power of creative rebirth.
sotheby's auction painting Gerhard Richter
Marion Maneker • September 2, 2025
Closing Time
A timely look at the market themes, top lots, and various peculiarities of a short, buoyant New York auction cycle that still seemed unusually long.


sotheby's Andy Warhol Sixteen Jackies
Marion Maneker • September 2, 2025
The Art Market’s Cut-Your-Loss Bounce
Beyond the billion-dollar single-night bonanzas and the movie-star promo spots, smaller sales are revealing a less sexy dynamic in the market: Collectors are exercising the freedom to sell without taking too big a loss—and their willingness to move on is creating liquidity that will fuel future growth.
Christie's art auction
Marion Maneker • September 2, 2025
Christie’s Manic Monday
The May auctions continued in thrilling fashion at Christie’s last night, as feverish bidding pushed new records for the mainstays of modernism—Pollock, Brancusi, Miró, Rothko—and the art-hoovering skylords of finance dropped the G.D.P. of a small country on the Si Newhouse collection. So can we call that an art market triumph? Not so fast…
Sotheby's
Marion Maneker • September 2, 2025
Sotheby’s Day Sales Smoke Signals
News and notes on the revealing trends surrounding Sotheby’s latest round of day sales, in which 93 percent of the 350 lots found buyers. Is this another sign of a market boom?


Sotheby's Art Auction
Marion Maneker • September 2, 2025
Sotheby’s $433 Million Pep Talk
The numbers from Sotheby’s last night were very strong—the Mnuchin sale totaled $166 million, and the various owners’ sale made nearly $267 million—but the market still hasn’t rebuilt the confidence necessary to see real momentum pick up again.


  • Terms
  • Privacy
  • Contact
  • FAQ
  • Careers
© 2026 Heat Media All rights reserved.
Create an account

Already a member? Log In

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
OR YOUR EMAIL

OR

Use Email & Password Instead

USE EMAIL & PASSWORD
Password strength:

OR

Use Another Sign-Up Method

Become a member

All of the insider knowledge from our top tier authors, in your inbox.

Create an account

Already a member? Log In

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Google
CREATE AN ACCOUNT with Apple
CREATE AN ACCOUNT with Apple
OR USE EMAIL & PASSWORD
Password strength:

OR
Log In

Not a member yet? Sign up today

Log in with Google
Log in with Google
Log in with Apple
Log in with Apple
OR USE EMAIL & PASSWORD
Don't have a password or need to reset it?

OR
Verify Account

Verify your email!

You should receive a link to log in at .

I DID NOT RECEIVE A LINK

Didn't get an email? Check your spam folder and confirm the spelling of your email, and try again. If you continue to have trouble, reach out to fritz@puck.news.

YOUR EMAIL

Use a different sign in option instead

Member Exclusive

Get access to this story

Create a free account to preview Puck’s full offering, including exclusive articles, private emails from authors, and more.

Already a member? Sign in

Free article unlocked!

You are logged into a free account as unknown@example.com

ENJOY 1 FREE ARTICLE EACH MONTH

Subscribe today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.

START 14-DAY FREE TRIAL

  • Daily articles and breaking news
  • Personal emails directly from our authors
  • Gift subscriber-only stories to friends & family
  • Unlimited access to archives
  • Bookmark articles to create a Reading List
  • Quarterly calls with industry experts from the power corners we cover