Two Weeks in November

Sotheby's Art Auction
Half of the 10 top works by hammer ratio sold for below $100,000. And the Antonio Obá work on the list was the only one sold in an evening sale. Photo: Alive/Courtesy of Sotheby's
Marion Maneker
December 3, 2025

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November’s New York sales prompted a huge sigh of relief from the art market. Even though the last three years have seen strong sales in the price bands below six figures, the market cannot generate enough volume, momentum, or word-of-mouth urgency without significant transactions in the eight- and nine-figure range. That opportunity arrived this season, with the sales of collections from Leonard Lauder, Joan Saltzman, Cindy and Jay Pritzker, and Robert and Patricia Weis, among others. The boost in volume also seemed to help bring in discretionary sellers hoping to draft on the estate-generated enthusiasm. All told, there were 40 lots that sold for prices above $10 million.

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