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The Hang | November | Your monthly round up of art market based news
Editorial / Art Market

The Hang | November | Your monthly round up of art market based news

27 Nov 2025 | 4 min read

This month in The Hang, we take a look at a record-breaking auction that saw a Klimt painting become the second most expensive artwork ever sold under the hammer. We also spotlight major UK exhibitions from Bridget Riley, David Shrigley and David Hockney, alongside a host of notable updates from Tracey Emin, Maurizio Cattelan and others shaping the art world right now.

The Market Watch

We break down key sales and what they signal for sentiment and strategy.

Sotheby's back with a boom

Sotheby's back with a boom

The New York Sales marked Sotheby’s Breuer debut with $1.17 billion in sales, the highest auction series since 2021. Led by record-setting paintings from Gustav Klimt, Vincent Van Gogh and Frida Kahlo.

Gustav Klimt's Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer) was the showstopper, selling for an incredible $236,360,000. Making this the second most expensive artwork ever sold at auction.

Read more here
Andy Warhol | Sotheby's London

Andy Warhol | Sotheby's London

Contemporary Day Auction - 19th November

The Witch (From Myths)

Acrylic and silkscreen ink on canvas

152.4 x 152.4 cm

Estimated $1,200,000 - $1,800,000

Sold - $1,392,000

Maurizio Cattelan | Sotheby's New York

Maurizio Cattelan | Sotheby's New York

The Now & Contemporary Evening Sale| 18th November 2025

America (2006)

101.2 kg of 18-karat gold
Edition of 3, plus 2 Artist Proofs

Sold - $12,110,000

Artist Updates

Highlighting who’s gaining ground institutionally and culturally.

Tracey Emin | Cooper Union Hall, New York

Tracey Emin | Cooper Union Hall, New York

On November the 4th, Tracey Emin was in conversation with Martina Drotha, Director of the Yale Centre for British Art, in New York City.

With an audience of 850 in attendance, they discussed formative influences such as Egon Schiele and Edvard Munch to landmark exhibitions in London and New York, Emin’s practice spans decades yet remains intensely personal, charting a journey through love, grief, desire, and resilience.

KAWS: Family

KAWS: Family

KAWS opened his latest show at the San Francisco Museum of Modern Art (SFMOMA). His first major museum on the West Coast traces the artist’s output over the past three decades.

Yoshitomo Nara New Representation

Yoshitomo Nara New Representation

Zwirner have confirmed they are now representing the Japanese artist.

I have been a fan of Yoshitomo Nara’s work since I first encountered it in my hometown, Cologne, in the early 1990s. Nara’s work seemed so radical to me then, as it ran counter to the postconceptual strategies that were pervasive in the art world at the time. Instead, Nara invited us to contemplate a world of vulnerability and genuine human connection.

- David Zwirner

New Gallery Opening | Mantua, Italy

New Gallery Opening | Mantua, Italy

The new museum, Sonnabend Collection Mantova, opening on 29 November 2025 in the historic palazzo in Mantua. It will showcase nearly 100 works by seminal mid-20th-century and contemporary artists such as Andy Warhol, Jeff Koons, Gilbert and George and more.

Ileana Sonnabend was a groundbreaking art dealer who championed generations of rising artists in the US and Europe from the late 1950s until her death in 2007 at age 92.

On View: Our Picks

Pointing you to the shows that matter.

Bridget Riley: Learning to See | Turner Gallery, Margate

Bridget Riley: Learning to See | Turner Gallery, Margate

The exhibition title chosen by Riley comes from one of Monet’s letters to Eugène Boudin, written late in life, thanking Boudin for being the first to teach him ‘to see and understand’.

22 November 2025 - 4 May 2026

David Shrigley: Exhibition of Old Rope | Stephen Friedman Gallery, London

David Shrigley: Exhibition of Old Rope | Stephen Friedman Gallery, London

Expanding his conceptual practice, David Shrigley showcases a 10-ton installation made entirely from discarded rope and a large-scale four-part neon.

If all the rope is laid out, it stretches approximately 20 miles long, and it could be yours for £1 million.

14 November - 20 December 2025

David Hockney Some Very, Very, Very New Paintings Not Yet Shown in Paris | Annely Juda Fine Art, London

David Hockney Some Very, Very, Very New Paintings Not Yet Shown in Paris | Annely Juda Fine Art, London

Annely Juda Fine Art opens its new Hanover Square space this November with a major David Hockney show. The exhibition unveils a fresh body of paintings created in his London studio over the past six months, alongside the first full UK presentation of The Moon Room.

7 November 2025 - 28 February 2026

Hang-Up's Take

Overall, November has been full of highly anticipated exhibition openings and showstopping auctions.

Results at the major auction houses for Warhol, Hockney, Hirst and Kusama continue to sell consistently, which is a clear sign of demand aligning with the data from the Art Basel & UBS Art Market Report.

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