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Czudej McDonough Fine Art Appraisal
NEWSLETTER NO. 5   2026
Roy Lichtenstein's 'Sinking Sun' (1964) in the Manhattan home of Joseph and Ursula Helman

Roy Lichtenstein, Sinking Sun (1964) in the Manhattan home of collectors Joseph and Ursula Helman. Durston Saylor, Architectural Digest, November 1997.

The momentum from last fall continued into Q1. Notably, there were major sales in categories outside of postwar and contemporary art, including the Koch auction of Western Art, Michelangelo’s foot of the Libyan Sibyl, and Jim Irsay’s guitars. Modern & Contemporary held up too, with solid results at the March London sales and reports of strong activity at Frieze LA. Whether the uptick continues is another question. The quarter also brought harder news: art history programs disappearing from university curricula, and a wave of institutional closures—among them the California College of the Arts, after 116 years. At the same time, AI declared itself ready to appraise your paintings, NFTs finally received their eulogy, and Yves Bouvier remained litigious. Below is what we found interesting and notable this past quarter. Firm news at the bottom.

OF INTEREST

Always better to see it in person: Sale of Chinese vase canceled after post-sale examination. LINK

No copyright protection for AI authorship: Thaler v. Perlmutter ruling. LINK

Art not included: Napa’s di Rosa Center for Contemporary Art’s property is for sale. Hard to overstate how beautiful this location is. LINK

Banksy: Nothing to add. Check out Renee Vara’s LinkedIn link roundup. LINK

Chinese copyist painters: Article on the decline of China’s replica market. LINK

Future work for public art appraisers (and conservators): 501(c)3 dedicated to building More Monuments. LINK

Gelman collection’s Kahlos: Open letter stating that the Gelman Collection should stay in Mexico. LINK

Heartbreaking: Universities cutting art history programs. As the world increasingly communicates through images, we need people who know how to read them more than ever. LINK

More heartbreak: California College of the Arts closes its doors after 116 years. This after the closures of Mills College and the San Francisco Art Institute. LINK

If AI says so: Need to appraise your painting? Just scan it! LINK

Illusion of reality: Reddit r/appraisal thread on the challenges of reconciling to a single value. LINK

Keeping it simple: Heritage Auctions on Buyer’s Premiums. LINK

Litigation funding: The funding package is 2.6% of the claimed FMV. LINK

Litigating Yves Bouvier: Evergreen. LINK

New algorithm just dropped: Bloomsbury Tech is going to move us beyond correlation (hedonic) to causality (sociological inquiry). LINK

Secondary fields of meaning: Gorgeous read about looking at the backs of paintings. LINK

That’s enough of that: NFT market wrap up LINK and a good eulogy from Josh Baer. LINK Premature takes? LINK

More that’s enough of that: What happened to the hype brand market? LINK

There are many different marketplaces: Is Picasso good or bad? LINK

Uccello, Correggio, Tiepolo: Using art history as the foundation for a new aesthetic. LINK

FROM OUR BLOG
Emily Fisher Landau

Willem de Kooning, Untitled XV (1983); Alexander Calder, Red Comber (1962) in the home of Emily Fisher Landau.

The Collector: Emily Fisher Landau
Emily Fisher Landau’s collection began, improbably, with a burglary. In 1969, thieves disguised as air-conditioning repairmen broke into her Upper East Side apartment and made off with a safe full of jewelry. The insurance settlement arrived, and Landau redirected it entirely. She had already made her first major purchase—a three-foot Alexander Calder mobile, which she carried home on the crosstown bus—and now she had the means to go further. What followed was a collection built with patience and a sharp eye, ultimately gifted to the Whitney Museum of American Art. READ MORE

OUR NEWS

AI in Art Valuation Andy Warhol. Jessica Hromas/Getty Images Entertainment/Getty Images. AI, Art Valuation and the Question of Accountability
Czudej McDonough partner Tobias Czudej examines the role of AI in art valuation in Trusts & Estates magazine. READ MORE

Demystifying Appraisal Review: On Monday, April 13, 2026 at 11:00a PST / 2:00p EST, partner Susan McDonough will be presenting for ArtTable’s Professional Development Series. REGISTER HERE

USPAP Update: Susan is teaching the 7-hour USPAP update online for the Appraisers Association on April 30 and May 1. SIGN UP HERE

BOOKS

Amedeo Modigliani, Catalogue Raisonné of the oil paintings by Marc Restellini. Yale University Press, May 19, 2026. LINK

Gerhard Richter: Catalogue Raisonné, Volume 7. Hatje Cantz, June 9, 2026. LINK

Raphael: Sublime Poetry. Yale University Press, April 14, 2026. LINK

Matthew Wong: Interiors. The Matthew Wong Foundation, May 19, 2026. LINK

Duchamp. MoMA Publications, May 12, 2026. LINK

Eva Gonzalès catalogue raisonné. Wildenstein Plattner Institute. LINK

Georgia O’Keeffe catalogue raisonné. Georgia O’Keeffe Museum to launch online catalogue raisonné in early 2026. LINK

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© 2026 Czudej McDonough
info@czudejmcdonough.com

Image Credits:

1. Roy Lichtenstein, Sinking Sun (1964). Photography: Durston Saylor, Architectural Digest, November 1997. Courtesy the Helman collection.
2. Andy Warhol. Jessica Hromas/Getty Images Entertainment/Getty Images.
3. Willem de Kooning, Untitled XV (1983); Alexander Calder, Red Comber (1962) in the home of Emily Fisher Landau.