Global Top Art Sales Hit $4.55B in 2025 — First Growth Year Since 2022

June 2: Jerry Gogosian Dies at 40; Dawn Airey Named Arts Council England ChairIn this episode:Art World- Hilde Lynn Helphenstein, known as Jerry Gogosian, has died at age 40 in Sao Paulo- Dawn Airey announced as new chair of Arts Council England, replacing Nicholas Serota on August 1stInstitutional- Crystal Bridges Museum of American Art completes major expansion, adding 50% more space- Centre Pompidou Hanwha opens in Seoul on June 4th- Elsewhere art fair launches in Philadelphia with 26 exhibitors at the Yowie HotelMarket Recap (from yesterday's Closing Price)- LVMH (MC.PA): EUR 473, down 26% YTD, near 52-week low- Christie's spring evening session: $1.1B- Richemont (CFR.SW): FY2026 sales EUR 22.4B, up 11%; jewelry maisons at 30.5% margin- Ferrari (RACE): Q1 revenue EUR 1.85B- Burberry (BRBY.L): net zero target delayed from 2040 to 2050Market Context- BofA spring 2026 report: global sales at Christie's, Sotheby's, Phillips reached $4.55B in 2025, up 11.1% from 2024- 53% of lots sold above pre-sale estimates in 2025 vs 48% in 2024Week Ahead- Centre Pompidou Seoul — June 4- RM Sotheby's Bavaria — June 5-6- Sotheby's Magnificent Jewels, New York — June 9 (73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro)Links:- ALT/FNDATA: https://www.altfndata.com- Hilde Lynn Helphenstein: https://www.theartnewspaper.com/2026/06/02/artist-and-satirist-hilde-lynn-helphenstein-has-died-at-age-40-in-sao-paulo-local-media-reports- Dawn Airey, Arts Council England: https://www.theartnewspaper.com/2026/06/02/dawn-airey-announced-new-chair-arts-council-england- Crystal Bridges expansion: https://www.theartnewspaper.com/2026/06/01/crystal-bridges-opens-expansion-art-bridges-wellness-programme- BofA Art Market Report: https://www.pbig.ml.com/articles/art-market-spring-update.htmlAlso from ALT/FNDATA:- Art Market — Tuesdays at 8 AM ET- Closing Price — Mon-Fri at 5 PM ET