{"id":1604112,"date":"2025-12-08T15:03:12","date_gmt":"2025-12-08T20:03:12","guid":{"rendered":"https:\/\/observer.com\/?p=1604112"},"modified":"2025-12-09T08:46:07","modified_gmt":"2025-12-09T13:46:07","slug":"art-market-auctions-sothebys-breuer-strategy-cultural-shift","status":"publish","type":"post","link":"https:\/\/observer.com\/2025\/12\/art-market-auctions-sothebys-breuer-strategy-cultural-shift\/","title":{"rendered":"In New York, Sotheby\u2019s Repositions Itself as a Cultural Destination"},"content":{"rendered":"<figure id=\"attachment_1604361\" aria-describedby=\"caption-attachment-1604361\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-1604361 size-full-width\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?quality=80&amp;w=970\" alt=\"A long line of visitors stretches along the sidewalk outside the Breuer building\u2019s stone fa\u00e7ade as people wait to enter Sotheby\u2019s new auction venue.\" width=\"970\" height=\"970\" srcset=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg 4340w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=300,300 300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=768,768 768w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=600,600 600w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=1536,1536 1536w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=2048,2048 2048w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=970,970 970w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=320,320 320w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=1920,1920 1920w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=800,800 800w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=700,700 700w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys_111625_WeekendCrows-finals-038_crop.jpg?resize=50,50 50w\" sizes=\"(max-width: 768px) 135px, 200px\" \/><figcaption id=\"caption-attachment-1604361\" class=\"wp-caption-text\">Sotheby\u2019s new Breuer location is quickly becoming a cultural destination. <span class=\"media-credit\">Photograph by Emma Milligan\/Sotheby\u2019s<\/span><\/figcaption><\/figure>\n<p>Sotheby\u2019s reported unprecedented attendance last month for its <a href=\"https:\/\/observer.com\/2025\/11\/sothebys-november-auctions-surrealist-records-kahlo-55-million\/\" data-lasso-id=\"2878229\">record-shattering $1.173 billion marquee week sales<\/a>\u2014with queues circling the block from the moment its <a href=\"https:\/\/observer.com\/2025\/08\/sothebys-breuer-building-herzog-de-meuron-madison-avenue\/\" data-lasso-id=\"2878230\">new Breuer Building headquarters<\/a> opened on November 8 and more than 25,000 visitors passing through in just over a week. The auction house has, it seems, secured a new level of widespread popularity, drawing audiences beyond the usual art-world crowd<\/p>\n<p>Now, \u201c<a target=\"_blank\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.sothebys.com\/en\/digital-catalogues\/sothebys-icons%5C\" data-lasso-id=\"2878231\">Icons: Back to Madison<\/a>\u201d is bringing together some of the most widely celebrated works the auction house has sold over the years. Masterpieces acquired by private collectors and museums will return to Sotheby\u2019s for the exhibition, which will be on view at the new Madison Avenue location December 13-21\u2014a first-of-its-kind showcase made possible through a collaboration with Etihad Airways. With this show, Sotheby\u2019s seems determined to uphold the Breuer Building\u2019s museum-rich legacy by utilizing its landmark spaces not only to showcase art-history-defining artworks and collectibles headed to auction but also to celebrate the auction house\u2019s own institutional history and its role in preserving the resonance of that history.<\/p>\n<figure id=\"attachment_1604348\" aria-describedby=\"caption-attachment-1604348\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"lazyload wp-image-1604348 size-full-width\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?quality=80&amp;w=970\" alt=\"A large crowd fills the lobby of Sotheby\u2019s new Breuer building, gathered in front of a glowing wall with the Sotheby\u2019s logo during the November auction previews.\" width=\"970\" height=\"647\" data-srcset=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg 4300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=300,200 300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=768,512 768w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=635,423 635w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=1536,1024 1536w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=2048,1365 2048w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=970,647 970w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=320,213 320w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=1920,1280 1920w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=50,33 50w\" sizes=\"(max-width: 768px) 135px, 200px\" \/><noscript><img decoding=\"async\" class=\"lazyload wp-image-1604348 size-full-width\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?quality=80&amp;w=970\" alt=\"A large crowd fills the lobby of Sotheby\u2019s new Breuer building, gathered in front of a glowing wall with the Sotheby\u2019s logo during the November auction previews.\" width=\"970\" height=\"647\" srcset=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg 4300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=300,200 300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=768,512 768w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=635,423 635w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=1536,1024 1536w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=2048,1365 2048w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=970,647 970w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=320,213 320w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=1920,1280 1920w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?resize=50,33 50w\" sizes=\"(max-width: 768px) 135px, 200px\" \/><\/noscript><figcaption id=\"caption-attachment-1604348\" class=\"wp-caption-text\">&#8220;Icons: Back to Madison&#8221; is a first-of-its-kind showcase bringing together some of the most iconic works the auction house has ever sold. <span class=\"media-credit\">Photo by Alexi Rosenfeld\/Getty Images<\/span><\/figcaption><\/figure>\n<p>Among the highlights is <a href=\"https:\/\/observer.com\/2021\/10\/banksys-notorious-shredded-artwork-sold-for-21-9-million-at-sothebys\/\" data-lasso-id=\"2878232\">Banksy\u2019s <i>Love is in the Bin<\/i><\/a> (2018), the only artwork ever created live in an auction room when, in a radically Duchampian gesture, it partially self-shredded the moment Sotheby&#8217;s hammer fell at its record price of \u00a31.04 million. Although Sotheby\u2019s staff admitted they had no idea the frame had been modified\u2014and Banksy subsequently released a behind-the-scenes video revealing the mechanism hidden inside\u2014the auction house and the sale itself played a key role in shaping the work\u2019s meaning and afterlife.<\/p>\n<p>Also in the exhibition is Jean-Michel Basquiat\u2019s <i>Untitled<\/i> (1982), which sold in 2017 for a record-shattering $110.5 million, the highest price ever paid at auction for an American artist. Although the work was reportedly purchased by Japanese collector Yusaku Maezawa, it may have changed hands since, as the painting now appears courtesy of billionaire Kenneth C. Griffin, who is widely credited with pushing Basquiat\u2019s market into the stratosphere through several landmark acquisitions that reset comparables at the very top. The painting was initially owned by the Annina Nosei Gallery in New York before being sold to Phoebe Chason, who sold it to Alexander F. Milliken in 1982 for $4,000. After that, it remained out of public view until its sale at Christie\u2019s in 1984 to Emily and Jerry Spiegel for $19,000. When it resurfaced at Sotheby\u2019s in 2017, painted by Basquiat at 21 and already at the height of his ascent, it far exceeded its presale estimate of $60 million.<\/p>\n<figure id=\"attachment_1604415\" aria-describedby=\"caption-attachment-1604415\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"lazyload wp-image-1604415 size-full-width\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Jean-Michel-Basquiat-Untitled-1-e1765217264491.jpg?quality=80&amp;w=970\" alt=\"A brightly colored Jean-Michel Basquiat painting features a large, expressive skull-like head rendered in bold strokes of blue, black, red and yellow.\" width=\"970\" height=\"966\" \/><noscript><img decoding=\"async\" class=\"lazyload wp-image-1604415 size-full-width\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Jean-Michel-Basquiat-Untitled-1-e1765217264491.jpg?quality=80&amp;w=970\" alt=\"A brightly colored Jean-Michel Basquiat painting features a large, expressive skull-like head rendered in bold strokes of blue, black, red and yellow.\" width=\"970\" height=\"966\" \/><\/noscript><figcaption id=\"caption-attachment-1604415\" class=\"wp-caption-text\">Jean-Michel Basquiat\u2019s <em>Untitled<\/em> (1982) sold at Sotheby&#8217;s in 2017 for a record-shattering $110.5 million. <span class=\"media-credit\">Courtesy of Sotheby&#039;s<\/span><\/figcaption><\/figure>\n<p>Also courtesy of Griffin is Andy Warhol\u2019s <i>Shot Orange Marilyn<\/i> (1964), the silkscreen famously marked by a bullet hole from an unauthorized performance at the Factory. The work sold anonymously at Sotheby\u2019s in 1998 for more than $17.3 million. As Nate Freeman <a target=\"_blank\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.vanityfair.com\/style\/2022\/05\/andy-warhol-marilyn-mystery-buyer?srsltid=AfmBOoperyoprhaW248dMInXvlwlFzi1NlOI1hqBvemC_ucdDfZK9noz\" data-lasso-id=\"2878233\">reported in Vanity Fair<\/a> after the 2022 Christie\u2019s sale of <i>Shot Sage Blue Marilyn<\/i> for roughly $195 million, Griffin had acquired the <i>Shot Orange Marilyn<\/i> from the estate of Si Newhouse in a private sale orchestrated by former Sotheby\u2019s specialist and mega-dealer Tobias Meyer for about $240 million. In a <a target=\"_blank\" target=\"_blank\" rel=\"noopener\" href=\"http:\/\/news.bbc.co.uk\/2\/hi\/americas\/94309.stm\" data-lasso-id=\"2878234\">1998 BBC article<\/a>, Meyer\u2014then still a young Sotheby\u2019s specialist\u2014called the work \u201ca wise buy,\u201d likely echoing the same sentiment years later while facilitating what remains one of the most emblematic deals of the century.<\/p>\n<p>Meyer, in the same article, described <i>Shot Orange Marilyn<\/i> as the equivalent of a De Kooning, a Jasper Johns or an important Picasso. All three are represented in the show, which includes de Kooning\u2019s seminal <i>Interchange<\/i> (1955) and Jasper Johns\u2019s <i>False Start<\/i> (1959), both also courtesy of Griffin. Created during de Kooning\u2019s pivotal transition from the \u201cWomen\u201d series into a more gestural, landscape-inflected abstraction, <i>Interchange<\/i> was acquired by Griffin from David Geffen in 2016 for roughly $300 million\u2014reported independently by the New York Times and the Wall Street Journal\u2014after last appearing at auction at Sotheby\u2019s in 1989, where it fetched $20.68 million, then a record for a living artist. Johns\u2019s <i>False Start<\/i>, meanwhile, last sold at auction in November 1988 for $17.05 million\u2014a record for a living artist at the time\u2014before being acquired by Griffin from the Geffen Foundation in 2006 for a reported $80 million.<\/p>\n<p>Returning to New York from the YAGEO Foundation Collection in Taiwan are Piet Mondrian\u2019s 1929 <i>Composition No\u2014II<\/i> and Francis Bacon\u2019s <i>Three Studies for Portrait of Lucian Freud<\/i> (1969). The former sold at Sotheby\u2019s in 2022 for $51 million, setting a new auction record for Mondrian; one of only three works featuring the commanding red square at upper right and the only example remaining in private hands, the painting survived World War II in France before following the artist belatedly to the U.S. in 1950. Bacon\u2019s triptych last sold at Sotheby\u2019s in November 2003, fetching $3,816,000, but its price has risen significantly ever since: the most recent sale of another <i>Three Studies for Portrait of Lucian Freud<\/i> took place on November 12, 2013, at Christie\u2019s, achieving $142.4 million (including buyer\u2019s premium), which remains the auction record for the artist.<\/p>\n<figure id=\"attachment_1604359\" aria-describedby=\"caption-attachment-1604359\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"lazyload wp-image-1604359 size-full-width\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Banksy-Girl-Without-Balloon-e1765217547476.jpg?quality=80&amp;w=970\" alt=\"A framed Banksy artwork shows the red heart-shaped balloon floating at the upper right while the lower portion of the image has been shredded into vertical strips, revealing part of the figure beneath.\" width=\"970\" height=\"1390\" \/><noscript><img decoding=\"async\" class=\"lazyload wp-image-1604359 size-full-width\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Banksy-Girl-Without-Balloon-e1765217547476.jpg?quality=80&amp;w=970\" alt=\"A framed Banksy artwork shows the red heart-shaped balloon floating at the upper right while the lower portion of the image has been shredded into vertical strips, revealing part of the figure beneath.\" width=\"970\" height=\"1390\" \/><\/noscript><figcaption id=\"caption-attachment-1604359\" class=\"wp-caption-text\">Banksy\u2019s <em>Love is in the Bin<\/em> (2018) famously self-shredded in the auction room moments after selling for \u00a31.04 million. <span class=\"media-credit\">Courtesy of Sotheby&#039;s<\/span><\/figcaption><\/figure>\n<p>Also resurfacing in the exhibition is <a href=\"http:\/\/observer.com\/2025\/11\/art-collector-guide-luxury-collectibles-estate-planning\/\" data-lasso-id=\"2878235\">Jane Birkin\u2019s original Herm\u00e8s Birkin<\/a>, which sold this summer for more than $10 million, drawing renewed attention to the rising value of rare luxury objects. The record-setting buyer was Shinsuke Sakimoto, a Japanese entrepreneur in the resale business and former professional soccer player, who reportedly purchased the bag under his company\u2019s name, Valuence Japan. Another rare collectible on view is Louis Comfort Tiffany\u2019s <i>Medusa Pendant Necklace<\/i> (c. 1904), on loan from the Tiffany &amp; Co. archives after re-emerging at Sotheby\u2019s in 2021 as part of the sale of the Schocken family collection. Estimated at $100,000-200,000, it ultimately fetched $3.65 million, setting a new auction record for a Louis Comfort Tiffany jewel.<\/p>\n<p>\u201c\u2018Icons: Back to Madison\u2019 is more than an exhibition; it reflects Sotheby\u2019s longstanding legacy and marks a return to Madison Avenue, a center of art, culture and collecting for generations,&#8221; Courtney Kremers, Sotheby\u2019s vice chairman, senior specialist post-war and contemporary art, told Observer. She added that by reuniting some of the most remarkable works ever sold at Sotheby\u2019s\u2014including pieces from private and museum collections, several of which are on view for the first time in decades\u2014the auction house is giving audiences an exceptional opportunity to encounter masterpieces that have influenced the global landscape of collecting. &#8220;Bringing these works together transforms the Breuer into a space of discovery and underscores Sotheby\u2019s enduring place within New York\u2019s cultural landscape.\u201d<\/p>\n<figure id=\"attachment_1604420\" aria-describedby=\"caption-attachment-1604420\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"lazyload wp-image-1604420 size-full-width\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?quality=80&amp;w=970\" alt=\"An installation view inside Sotheby\u2019s fourth-floor Leonard A. Lauder gallery shows a bronze sculpture in the foreground and several Gustav Klimt paintings mounted on dark walls.\" width=\"970\" height=\"680\" data-srcset=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg 7924w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=300,210 300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=768,538 768w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=635,445 635w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=1536,1077 1536w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=2048,1436 2048w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=970,680 970w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=320,224 320w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=1920,1346 1920w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=50,35 50w\" sizes=\"(max-width: 768px) 135px, 200px\" \/><noscript><img decoding=\"async\" class=\"lazyload wp-image-1604420 size-full-width\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?quality=80&amp;w=970\" alt=\"An installation view inside Sotheby\u2019s fourth-floor Leonard A. Lauder gallery shows a bronze sculpture in the foreground and several Gustav Klimt paintings mounted on dark walls.\" width=\"970\" height=\"680\" srcset=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg 7924w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=300,210 300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=768,538 768w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=635,445 635w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=1536,1077 1536w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=2048,1436 2048w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=970,680 970w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=320,224 320w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=1920,1346 1920w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/Sothebys-fourth-floor-Lauder-gallery.jpg?resize=50,35 50w\" sizes=\"(max-width: 768px) 135px, 200px\" \/><\/noscript><figcaption id=\"caption-attachment-1604420\" class=\"wp-caption-text\">The unveiling of Sotheby&#8217;s Breuer Building on November 8 marked the start of a new era of art, design and connoisseurship in the building that once housed the Whitney, the Met and the Frick Collection. <span class=\"media-credit\">Photograph by Stefan Ruiz Courtesy of Sotheby&#039;s<\/span><\/figcaption><\/figure>\n<p>As part of its strategy, Sotheby\u2019s is publishing a book with Phaidon featuring 100 of the most iconic works ever sold at the auction house. &#8220;Icons&#8221; merchandise, designed in collaboration with U.K.-based artist Angelica Hicks, will be available at the exhibition, including a sketchbook, notecards, stickers and apparel. Also with Phaidon, Sotheby\u2019s will publish <i>Breuer<\/i>, the definitive monograph on Marcel Breuer and his legacy, showcasing Sotheby\u2019s new global headquarters in New York.<\/p>\n<p>In keeping with the holiday spirit, Sotheby\u2019s has partnered with Tom Martin on a bespoke painted ornament featuring a snowy street scene outside the Breuer\u2014an initiative that perhaps gestures toward its aim to compete with the major seasonal spectacles on Fifth Avenue, from the historical light shows at Saks and Bergdorf Goodman to the festive fa\u00e7ades of Cartier and Tiffany further down the street.<\/p>\n<p>Sotheby\u2019s will also present &#8220;<a target=\"_blank\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.sothebys.com\/en\/digital-catalogues\/swinging-on-a-star-the-private-collection-of-kathryn-bing-crosby\" data-lasso-id=\"2878236\">Swinging on a Star: The Private Collection of Kathryn and Bing Crosby<\/a>&#8221; ahead of the December 18 auction\u2014a festive presentation that leans into celebrity culture and lifestyle. Drawn from the couple\u2019s personal collection, the auction will include items across a wide price spectrum, from Kathryn\u2019s holiday-evocative fashion, including her ivory Jean Louis coat from the <i>Bing Crosby Christmas Show<\/i>, to fine and decorative art favored by Bing, along with Hollywood memorabilia such as the Erard grand piano featured in <i>High Society<\/i>, prized works by Sir Alfred Munnings and Jean-Baptiste-Camille Corot and rare Faberg\u00e9 creations, including Kathryn\u2019s aventurine quartz lion and sapphire mouse.<\/p>\n<figure id=\"attachment_1604424\" aria-describedby=\"caption-attachment-1604424\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"lazyload wp-image-1604424 size-full-width\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?quality=80&amp;w=970\" alt=\"A family in christmas outfit in front of a Christmas tree\" width=\"970\" height=\"771\" data-srcset=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg 6022w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=300,238 300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=768,610 768w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=635,505 635w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=1536,1220 1536w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=2048,1627 2048w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=970,771 970w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=320,254 320w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=1920,1526 1920w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=50,40 50w\" sizes=\"(max-width: 768px) 135px, 200px\" \/><noscript><img decoding=\"async\" class=\"lazyload wp-image-1604424 size-full-width\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?quality=80&amp;w=970\" alt=\"A family in christmas outfit in front of a Christmas tree\" width=\"970\" height=\"771\" srcset=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg 6022w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=300,238 300w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=768,610 768w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=635,505 635w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=1536,1220 1536w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=2048,1627 2048w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=970,771 970w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=320,254 320w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=1920,1526 1920w, https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/TV_Christmas_-Kathryn-Bing-Mary-Crosby.jpg?resize=50,40 50w\" sizes=\"(max-width: 768px) 135px, 200px\" \/><\/noscript><figcaption id=\"caption-attachment-1604424\" class=\"wp-caption-text\">Sotheby\u2019s will also present a public exhibition of &#8220;Swinging on a Star: The Private Collection of Kathryn and Bing Crosby,&#8221; a celebration of the Hollywood couple whose legacy is synonymous with the holiday season. <span class=\"media-credit\">Sotheby&#039;s<\/span><\/figcaption><\/figure>\n<p>It&#8217;s striking how Sotheby\u2019s, globally, is toeing the line between museum and luxury brand, deploying a form of intentional brand dilution designed to multiply its symbolic capital across price tiers and target audiences within an economy shaped by content, experience and spectacle.<\/p>\n<p>Altogether, the rollout appears to be a successful expression of Sotheby\u2019s \u201cNew World\u201d experience, which saw the auction house opening boutique-style flagships across its Hong Kong, Paris and now New York venues, with full cross-category luxury environments designed to attract audiences far beyond traditional art-world insiders\u2014targeting visitors who might not buy at auction but will engage with the Sotheby\u2019s brand at other levels, whether that means shopping for one-of-a-kind jewelry or buying an exhibition souvenir.<\/p>\n<h3><b>More in Auctions<\/b><\/h3>\n<ul>\n<li>\n<h5><a href=\"https:\/\/observer.com\/2025\/11\/art-collector-guide-luxury-collectibles-estate-planning\/\" data-lasso-id=\"2878237\">The $10 Million Herm\u00e8s Problem: Estate Planning When Luxury Collectibles Outpace the Art Market<\/a><\/h5>\n<\/li>\n<li>\n<h5><a href=\"https:\/\/observer.com\/2025\/11\/interview-phyllis-kao-the-most-watched-auctioneer-in-the-world\/\" data-lasso-id=\"2878238\">The Most Watched Auctioneer in the World Isn\u2019t Who the Industry Expected<\/a><\/h5>\n<\/li>\n<li>\n<h5><a href=\"https:\/\/observer.com\/2025\/09\/art-collector-guide-market-for-sports-art-valuation-auction\/\" data-lasso-id=\"2878239\">Sports Art Has Carved a Market Niche But Rarely Makes It into the Museum Canon<\/a><\/h5>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIcons: Back to Madison\u201d is bringing together some of the most widely celebrated works the auction house has sold over the years in a one-of-a-kind exhibition of masterpieces acquired by private collectors and museums.<\/p>\n <a class=\"moretag\" href=\"https:\/\/observer.com\/2025\/12\/art-market-auctions-sothebys-breuer-strategy-cultural-shift\/\">Read More<\/a>","protected":false},"author":177935360,"featured_media":1604348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"post_tag":[232796,305213414],"company":[488027],"channel":[177,279691083,423807275],"location":[4614,423943031],"nyo_column":[],"person":[423810953,840067,424005619,331630,423940739,423885284,564957,423932592,423885216,423916123,424005620,424005621,423895500,424005622,423880105,423926067,423879228,423809634,424005636],"nyo_post_hidden":[],"coauthor":[423983686],"class_list":{"0":"post-1604112","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-luxury-goods","8":"tag-the-breuer-building","9":"observer_company-sothebys","10":"channel-arts","11":"channel-art-market","12":"channel-auctions","13":"location-new-york","14":"location-united-states","15":"nyo_person-banksy","16":"nyo_person-jean-michel-basquiat","17":"nyo_person-kenneth-c-griffin","18":"nyo_person-andy-warhol","19":"nyo_person-tobias-meyer","20":"nyo_person-willem-de-kooning","21":"nyo_person-jasper-johns","22":"nyo_person-piet-mondrian","23":"nyo_person-francis-bacon","24":"nyo_person-jane-birkin","25":"nyo_person-sakimoto","26":"nyo_person-sir-alfred-munnings","27":"nyo_person-jean-baptiste-camille-corot","28":"nyo_person-tom-martin","29":"nyo_person-angelica-hicks","30":"nyo_person-marcel-breuer","31":"nyo_person-yusaku-maezawa","32":"nyo_person-david-geffen","33":"nyo_person-courtney-kremers"},"acf":{"homepage_position":"","homepage_title":"","homepage_excerpt":"","alternative_og_image":"","headline":{"seo_headline":""},"subheadline":{"optimized_seo_description":"","optimized_social_excerpt":""}},"apple_news_notices":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/observer.com\/2025\/12\/art-market-auctions-sothebys-breuer-strategy-cultural-shift\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":[],"rendered":"","tracker_url":"https:\/\/cdn.parsely.com\/keys\/observer.com\/p.js"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?quality=80","coauthors_byline":"By Elisa Carollo","display_channel":"","thumbnail":"<img width=\"300\" height=\"225\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?quality=80&amp;w=300&amp;h=225&amp;crop=1\" class=\"lazyload attachment-grid-thumbnail size-grid-thumbnail\" alt=\"A large crowd fills the lobby of Sotheby\u2019s new Breuer building, gathered in front of a glowing wall with the Sotheby\u2019s logo during the November auction previews.\" decoding=\"async\" \/><noscript><img width=\"300\" height=\"225\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/12\/GettyImages-2245543454.jpg?quality=80&amp;w=300&amp;h=225&amp;crop=1\" class=\"lazyload attachment-grid-thumbnail size-grid-thumbnail\" alt=\"A large crowd fills the lobby of Sotheby\u2019s new Breuer building, gathered in front of a glowing wall with the Sotheby\u2019s logo during the November auction 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Back to Madison\u201d is bringing together some of the most widely celebrated works the auction house has sold over the years in a one-of-a-kind exhibition of masterpieces acquired by private collectors and museums.","is_sponsored":false,"formatted_date":"Dec 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