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NEWSLETTER NO. 6 2026
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Alberto Giacometti, Femme de Venise (1956); Clyfford Still, 1948-A (1948) in the Fifth Avenue apartment of collectors Stephen and Nan Swid. Design by Stephen Sills. Photo: Thibault Jeanson.
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Art Basel and the London sales have concluded, closing out the season. Christie's Newhouse sale and Sotheby's Joe Lewis auction demonstrated that competition for trophy material remains intense, while lots outside the single-owner sales posted fairly average sell-through rates — strength at the top, thinner beneath. On the retail side, Pace's reorganization and Marc Spiegler's New York Times editorial on the state of things have been much discussed. Below is what caught our attention this past quarter. Firm news at the bottom.
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OF INTEREST
Working the float: Sotheby's paying hammer + 7% in exchange for delaying payment. LINK
Calling all insiders: Throw those bones on Kalshi. LINK
State of the art: Marc Spiegler's New York Times guest essay “Art Galleries Are Not Okay.” LINK And a rebuttal from Hyperallergic. LINK
The value of narrative: Valuation expert Aswath Damodaran on valuing SpaceX's IPO. LINK
Forget LLMs. It's all about RAG: Technical white paper on the benefits of using retrieval-augmented generation for provenance research. LINK
“AI Monet”: X thread critiquing an AI-generated “Monet” that is simply a detail of an actual Monet in The Met. The digital image of the “inferior” Monet sold for $42,500. LINK
Human still in the loop: AI Cadell discovery. LINK
21st century tastemaking: Economist Tyler Cowen and Stripe founder Patrick Collison announce the first round of New Aesthetics grants. LINK
Things that make you go hmmm: Danziger and the Ansel Adams Trust argue over the colorization of Moonrise, Hernandez. LINK
On your mark photography archive appraisers: Getty Images sold to OpenAI. LINK
Creative doomscrolling: Website that compiles images from museum websites. LINK
Science is art and art is science: Terrific article on Raoul Dufy's struggle with rheumatoid arthritis and the impact of the Mayo Clinic's discovery of cortisone on his art. LINK
Happy 250th 🇺🇸: Some best of American Art lists. LINK (ARTnews) LINK (Time) LINK (WSJ) LINK (NGA)
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FROM OUR BLOG
Joseph Duveen, 1929. Photo: Bettmann/Contributor via Getty Images.
The Dealer: Joseph Duveen
Joseph Duveen's approach to art dealing was famously simple: “Europe has a great deal of art, and America has a great deal of money.” Beginning in the late 1800s, Duveen bought thousands of artworks from declining European aristocrats and sold them to wealthy American industrialists. Many of those pieces now form the bedrock of American museum collections — the Frick, the National Gallery of Art — while his methods, by turns ingenious, theatrical, and frankly unscrupulous, still echo through the art market a century on. READ MORE
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OUR NEWS
Eugène Atget, Balcon, 5 rue Grenier-Saint-Lazare, Paris (1908–09).
Being Eugène Atget: Partner Tobias Czudej examines Eugène Atget, Berenice Abbott, and how artistic reputations are constructed after an artist's death, in the Los Angeles Review of Books. READ MORE
Latin American Art: Partner Susan McDonough has been accredited by the Appraisers Association of America in the category of Latin American Art, reflecting her experience appraising works by Frida Kahlo, Diego Rivera, Wifredo Lam, and other artists working across the region. READ MORE
Algorithms, Automation, and Appraisal: On August 12, Susan will present “A.I. & Art Valuation: Algorithms, Automation, and Appraisal” for the Korea Arts Management Service (KAMS) Summer Advanced Intensive Program. LINK
RICS: Partner Tobias Czudej has been admitted as a Member of the Royal Institution of Chartered Surveyors through the Senior Professional Assessment, strengthening the firm's capacity to advise on cross-border estate and valuation matters. READ MORE
Post-War, Contemporary & Emerging Art: Senior Appraiser Grace Harlow has been certified by the Appraisers Association of America in the category of Post-War, Contemporary and Emerging Art. Grace joined Czudej McDonough's New York team in early 2025. READ MORE
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BOOKS
Cut Out: A Feminist History of Photo Collage, Montage and Assemblage. Thames & Hudson, June 2026. LINK
The Morandi Museum Catalogue Raisonné. Silvana Editoriale, May 2026. LINK
Winslow Homer: Painter, Etcher. Yale University Press, July 2026. LINK
Working Title: Media Packaging and the Margins of Art. University of California Press, June 2026. LINK
Peggy Guggenheim in London: The Making of a Collector. Marsilio Arte, November 2026. LINK
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Links to third-party websites and newsletters are shared for your information only and do not represent an endorsement. The content of this email newsletter is provided for informational purposes only and should not be construed as professional advice, recommendations, or guarantees of any kind. While we strive to ensure accuracy and reliability, Czudej McDonough LLC and its partners make no representations or warranties, express or implied, regarding the completeness, correctness, or applicability of the information contained herein. Any actions taken based on this content are at your own discretion and risk. We disclaim all liability for any loss or damage arising from reliance on the information provided. If you require specific advice, please consult a qualified professional.
© 2026 Czudej McDonough
Image Credits:
| 1. |
Alberto Giacometti, Femme de Venise (1956); Clyfford Still, 1948-A (1948) in the Fifth Avenue apartment of collectors Stephen and Nan Swid. Design by Stephen Sills. Photo: Thibault Jeanson. |
| 2. |
Joseph Duveen, 1929. Photo: Bettmann/Contributor via Getty Images. |
| 3. |
Eugène Atget, Balcon, 5 rue Grenier-Saint-Lazare, Paris (1908–09). |
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