In a week when all the news has been made by what has not sold, let's offer a quiet thank you to Marlene Dumas.
The South African-born painter's work Miss January sold for $13.63 million in New York yesterday setting a record for the world's most expensive work of art by a living female artist.
The Christie's sale, marshalled by auctioneer Yu-Ge Wang, made $96.4 million against its pre-sale low estimate of $79.5 million with the top lot being Jean-Michel Basquiat‘s Baby Boom which went for $23.4 million. Like the Dumas, it went to the guarantor without a bidding war.
The comparable sale at Christie's New York in May 2024 totaled $80.26 million.
Other successes on the night were Simone Leigh's huge bronze sculpture Sentinel which made $5.7 million breaking her previous auction record.
Earlier in the week Sotheby's was left high and dry when their star lot, a 1955 Giacometti bust valued at $70 million, did not sell. That followed on from Christie's withdrawing a $30 million Andy Warhol work, Big Electric Chair, when it became apparent it would not find a buyer.
See what the recent sales mean for the wider art market with our live data here.