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Eighty-six stories and €411.1M across thirteen auctions: the trade is clearing inventory… ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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The Morning Signal

November 15, 2026

 

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THE LEAD

Long-Lost Georgia O'Keeffe Painting Discovered in East Village Closet to Be Offered at Christie's New York

via Christie's

Christie's announced the rediscovery of Georgia O'Keeffe's 1930 painting "Near Abiquiu, New Mexico I," which was found in an East Village apartment closet earlier this year. The work, estimated in the region of $3 million, will be offered during Christie's 20th Century Evening Sale on November 17, 2026, at 20 Rockefeller Center. It will be publicly exhibited for the first time in at least three decades from November 7 to November 17. The painting was a graduation gift purchased for $3,800 in 1963 from O'Keeffe's dealer, The Downtown Gallery, and had been stored in its original box since the mid-1980s after the owner grew concerned about a guest's interest during a bridge game. The owner, who passed away shortly after revealing the work to her niece, had kept it hidden from family. The painting only appeared in an appendix of O'Keeffe's catalogue raisonné, known previously only through a 1931 photograph.

Rediscoveries are only worth the file behind them — Christie's has two days to convince buyers that a closet in the East Village is provenance, not a problem.

Auction Result

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The Signal

“Eighty-six stories and €411.1M across thirteen auctions: the trade is clearing inventory before the November evening sales, not after.”

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The pattern this week

Eighty-six stories over seven days split cleanly: 33 exhibitions against 13 auctions worth €411.1M, with New York (19) and London (18) carrying the week and Paris a distant third at nine. The absence worth noting is museum acquisitions — seven, and none of them headline-scale.

The Market

€411.1M  across 13 auctions this week

This week · 86 stories · 33 exhibitions opening · busiest city: New York

€40,000-€70,000 Bonhams Paris to Offer Jane Birkin's Handwritten Hermès Birkin 30, Estimated €40,000-70,000

Handbag sales have outgrown their department: a €70,000 top estimate for a bag Birkin herself carried and marked puts this nearer memorabilia than leather goods, and Bonhams knows it.

Bonhams
Gagosian Artist Rick Lowe Creates 20-Foot Painting for Houston Airport Terminal Gagosian

Earlier this week

1. David Salle Uses AI to Reimagine 'Pastorals' Series in New Paintings at Thaddaeus Ropac — Thaddaeus Ropac
2. Derrick Adams and Isolde Brielmaier to Discuss 'Another View' Book at Theory Meatpacking — Gagosian
3. Gagosian Artist Katharina Grosse Designs Connaught Christmas Tree in London — Gagosian
4. Nationalmuseum Unveils Portrait of Honour of Conductor Herbert Blomstedt, Who Died at 99 — Nationalmuseum

The Week Ahead
Opened Nov 14 Ryan Gander's 'Maybe' Opens at Towner Eastbourne, First UK Solo Show in Nearly 20 Years Lisson Gallery
Opened Nov 14 Matthew Barney and Jonathan Bepler's 'River of Fundament' Screens in New York on November 14, 2026 Sadie Coles HQ
Opened Nov 15 Stedelijk Museum Presents Lonnie Holley Performance with Nelson Patton Stedelijk Museum
Opened Nov 15 Urs Fischer Featured in 'Frozen Gestures' at NSU Art Museum Fort Lauderdale Sadie Coles HQ
Today Nari Ward to Present 'Home: A Glossary for a Communal Sense of Place' at Abu Dhabi Biennial Galleria Continua
Tomorrow Studio Museum in Harlem Appoints Ade Omotosho as Associate Curator Studio Museum in Harlem

Full calendar →


On the Rise

Trending Artists ▲ Frank Stella (2) · ▲ Alex Katz (2) · ▲ Niki de Saint Phalle (2) · ▲ Katharina Grosse (2) · ▲ Alex Da Corte (2) · ▲ Duncan Grant (2) · ▲ Oscar Murillo (2)

Trending Institutions ▲ Southbank Centre (9) · ▲ Guggenheim (6) · ▲ Thaddaeus Ropac (6) · ▲ Sadie Coles HQ (5) · ▲ Aguttes (4) · ▲ Christie's (4) · → Lisson Gallery (4)

Frank Stella — Frank Stella was a pivotal figure in the development of minimalism and post-painterly abstraction, known for his transition from flat, geometric canvases to complex… Profile →


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