November 2026: The New York Auction Calendar at a Glance
Between November 9 and November 20, 2026, Sotheby’s, Christie’s, and Phillips run seven major modern and contemporary sales across Manhattan. The window is dense: three evening sales fall within a single week, and Phillips closes the season with back-to-back morning and afternoon sessions on the same day.
| House | Sale | Date & Time | Location |
|---|---|---|---|
| Sotheby’s | The New York Sales (season) | Nov 9-20, 2026 | Sotheby’s New York |
| Christie’s | 20th Century Evening Sale | Nov 11, 2026, ~8:00 p.m. EST | Christie’s New York |
| Christie’s | 21st Century Evening Sale | Nov 17, 2026 | Christie’s New York |
| Sotheby’s | Modern Evening Auction | Nov 18, 2026, 7:00 p.m. EST | Sotheby’s New York |
| Phillips | Modern & Contemporary Art: Evening Sale | Nov 18, 2026, 5:00 p.m. ET | 432 Park Avenue |
| Phillips | Modern & Contemporary Art: Morning Session | Nov 20, 2026, 10:00 a.m. ET | 432 Park Avenue |
| Phillips | Modern & Contemporary Art: Afternoon Session | Nov 20, 2026, 2:00 p.m. ET | 432 Park Avenue |
Notice the overlap on November 18: Sotheby’s Modern Evening Auction and Phillips’ evening sale run the same night, a few blocks apart. Anyone bidding at more than one house that week needs a plan for splitting attention, and splitting capital, well before the paddle goes up.
Sotheby’s Modern Evening Auction: Headline Lots and Estimates
Sotheby’s Modern Evening Auction, set for November 18, 2026 at 7:00 p.m. EST in New York, anchors the house’s fall season and includes property from the collection of Sydell Miller alongside a run of blue-chip modern and contemporary lots, according to Sotheby’s official season announcement.
Sotheby’s headline lots (per Sotheby’s, “Sotheby’s Presents Its November Season”):
Pablo Picasso, Buste de femme: $9M, $12M
Henri Matisse, Torse de jeune fille: $12M, $18M
Franz Marc, Das Lange Gelbe Pferd: $8M, $12M
Alberto Giacometti, Buste (Tête tranchante) (Diego): $10M, $15M
Leonora Carrington, La Grande Dame (The Cat Woman): $5M, $7M
Willem de Kooning, Untitled XXV: $9M, $12M
The contemporary side of the sale rounds out with works attributed to Stuart Davis, Jean-Michel Basquiat, Roy Lichtenstein, and Ed Ruscha, per the same Sotheby’s release. Carrington’s inclusion at a comparatively modest $5M, $7M estimate is worth watching: her market has moved sharply in the last several seasons, and a strong result here would be read across the room as a signal for surrealist material generally, not just this single lot.
Christie’s November Program: 20th and 21st Century Evening Sales
Christie’s runs two marquee evening sales in November 2026: the 20th Century Evening Sale on November 11 at approximately 8:00 p.m. EST, and the 21st Century Evening Sale on November 17, which Christie’s describes as a keystone event in its broader November art series, per Christie’s own sale overview pages.
The 20th Century sale carries a notable thread of Impressionist and Modern material Christie’s has branded Radiant Modernism: Signac to Albers, which includes Paul Signac’s Saint-Briac, les balises, according to Christie’s press announcement on the collection. Collections framed with a curatorial narrative like this tend to draw depth of bidding beyond the single headline lot, because specialist buyers show up for the collection story as much as for any one canvas.
Six days separate the two Christie’s evenings from each other, and the 21st Century sale lands the night before Sotheby’s Modern Evening Auction and the Phillips evening sale. For a collector active across houses, November 17 and 18 back-to-back is the tightest stretch of the season.
Phillips at 432 Park Avenue: Evening, Morning, and Afternoon Sessions
Phillips runs three modern and contemporary sessions from its 432 Park Avenue saleroom: an Evening Sale on November 18 at 5:00 p.m. ET, and a Morning Session and Afternoon Session both on November 20, at 10:00 a.m. and 2:00 p.m. ET respectively, per Phillips’ official sale listings.
Public viewing for the Evening Sale runs November 7 through 18, and viewing for the Afternoon Session runs November 7 through 19, per Phillips. That gives serious bidders more than a week to arrange in-person condition checks before committing, which matters more than most collectors admit, since photographs in a digital catalogue rarely tell the full story on craquelure, frame damage, or surface wear.
The two-day, three-session structure at Phillips means a bidder who strikes out in the evening sale gets a second and third bite on November 20, often at estimate levels more accessible than the marquee evening lots. That’s useful if your liquidity is tighter than your ambition; it’s also a reason to have financing settled before, not during, the week.
Estimate vs. All-In Cost: What Collectors Often Overlook
An auction estimate is a projected hammer-price range published before the sale. It is not a valuation, and it is not a guarantee of what a lot will sell for or what a buyer will owe. Estimates can be shaped by third-party guarantees, irrevocable bids, and reserve prices set privately between the house and the consignor, none of which are always visible to a bidder in the room.
| What the Estimate Covers | What You Actually Pay |
|---|---|
| Projected hammer price range | Final hammer price (can exceed high estimate) |
| Nothing beyond the lot itself | Buyer’s premium on top of hammer |
| Nothing beyond the lot itself | Applicable sales tax |
| Nothing beyond the lot itself | Shipping and handling |
| Nothing beyond the lot itself | Insurance during transit and afterward |
| Not addressed by the estimate | Settlement timing and, for international buyers, currency conversion |
Put concretely: a Giacometti bust estimated at $10 million to $15 million doesn’t settle at $10 to $15 million even if it hammers within that range. Buyer’s premium, tax, shipping, and insurance stack on top of the hammer price, and the house’s payment deadline arrives on its own schedule, not on yours. Collectors who plan liquidity against the estimate alone, rather than the all-in figure, are the ones who scramble in the days after a win. The fix is straightforward: build your capital plan around the high end of the estimate plus premium and costs, not the low end alone.
The Pre-Sale Verification Checklist
Before raising a paddle on a seven- or eight-figure lot, a prepared bidder confirms a specific set of documents and disclosures with the auction house’s specialist desk, not the general information line.
Before you bid, confirm you have:
Final catalogue entry and any revised estimate
Full condition report and high-resolution images
Provenance, exhibition, and publication history
Confirmation of any third-party guarantee or irrevocable bid on the lot
Buyer’s premium schedule and all associated charges, including overhead premium, sales tax, shipping, and insurance
The signed buyer’s agreement and its payment deadline
Any export, import, cultural-property, copyright, or resale restrictions
Bidder registration completed with the house, including any required deposit or credit reference
Each of these items exists because it has burned a bidder before. A revised estimate issued days before the sale can shift your target price meaningfully. A condition report that flags prior restoration can change what insurers will cover. And payment deadlines are firm: houses do not extend based on a buyer’s personal liquidity timeline, they extend based on their own settlement policy.
Liquidity Planning Before You Bid: Pre-Sale, Settlement, and Collateral Liquidity
Collectors moving through a compressed auction week are managing three distinct types of liquidity, and conflating them is where plans break down. Pre-sale liquidity covers deposits, specialist fees, travel, and advisory costs incurred before you ever bid. Settlement liquidity is the full sum due after a successful bid, on the house’s timetable, not yours. Collateral liquidity is borrowing capacity against assets you already own, and it is the one form of liquidity that does not depend on how a lot performs in the room.
The distinction matters most in that November 17-20 stretch, when a collector might be settling a Christie’s purchase from the 21st Century sale while trying to bid at Sotheby’s the next night and still have capital reserved for Phillips two days later. Waiting on sale proceeds from your own consignment, or hoping a bank loan clears in time, ties your buying power to someone else’s calendar. Borrowing against an asset already in your possession, an authenticated watch, a graded diamond, a piece of fine jewelry, or artwork with clean title, converts existing value into usable capital on a timeline the borrower controls rather than the market.
A lender evaluating that kind of loan typically looks at authenticity, clear title, condition, marketability, concentration risk, and how the asset is insured, along with setting an advance rate based on those factors. None of that is guesswork on the borrower’s side. It’s paperwork you can assemble in advance, the same way you’d assemble a condition report before bidding.
This is the same discipline the site covered around Sotheby’s Americana Week in January 2026: know the calendar, know your liquidity position before the gavel falls, not after. The November modern and contemporary season simply raises the stakes, with estimates running into the eight and nine figures across three houses in a ten-day span.
What to Have Ready If You’re Considering a Collateral Loan This Season
A collector weighing a loan against owned assets ahead of, during, or after this auction week benefits from arriving prepared rather than reactive. That means recent appraisals or certificates for the asset in question, proof of ownership and clear title, current insurance documentation, and, where relevant, provenance records similar to what a consignor would furnish an auction house.
Note: Borrowing against a fine watch, jewelry, art, or diamonds means that asset serves as collateral. It is not risk-free, and terms, advance rates, and eligibility are determined case by case based on appraisal, not guaranteed in advance.
New York Loan Company works from a Bryant Park office, evaluating fine watches, jewelry, art, and diamonds with certified gemologists and specialists, and can turn a confidential assessment into same-day funding without credit-bureau reporting. That structure exists for exactly this kind of week: a collector who needs capital to bid, to bridge a settlement deadline, or to move on an opportunity that can’t wait for a check to clear from a prior sale.
Planning around this November’s sales and want to understand your collateral liquidity position before you bid? Bring recent appraisals, proof of title, and current insurance documentation to a confidential, no-obligation assessment at our Bryant Park office. Most evaluations conclude with a same-day funding decision, with zero credit-bureau reporting.
For collectors who followed the site’s coverage of Sotheby’s Americana Week in January 2026, the framework carries over directly: map the calendar first, then map your liquidity against it, using assets you already own as a lever that doesn’t depend on how any single lot performs.
Frequently Asked Questions
When exactly are the major November 2026 New York auctions?
Sotheby’s “The New York Sales” run November 9-20, 2026. Christie’s holds its 20th Century Evening Sale on November 11 and its 21st Century Evening Sale on November 17. Sotheby’s Modern Evening Auction and Phillips’ Evening Sale both fall on November 18. Phillips closes with Morning and Afternoon sessions on November 20.
What is the difference between an auction estimate and the final price a buyer pays?
An estimate is a projected hammer-price range published before the sale; it is not a valuation or guarantee. The final amount owed includes the hammer price plus buyer’s premium, applicable sales tax, shipping, insurance, and any currency conversion costs, which together can exceed the published estimate range significantly.
What documents should a bidder have ready before an evening sale?
A prepared bidder confirms the final catalogue estimate, a full condition report, provenance and exhibition history, disclosure of any third-party guarantee or irrevocable bid, the buyer’s premium schedule, the signed buyer’s agreement with payment deadline, any export or cultural-property restrictions, and completed bidder registration with the house.
What is collateral liquidity and how does it differ from settlement liquidity?
Settlement liquidity is the full sum due to an auction house after a successful bid, on that house’s payment timetable. Collateral liquidity is borrowing capacity against assets already owned, independent of any auction outcome. Collateral liquidity does not depend on a lot’s hammer price or a house’s settlement schedule.
Can I borrow against art, jewelry, or watches to bid at auction?
Some collateral lenders evaluate assets such as fine watches, jewelry, art, and diamonds for loans based on authenticity, title, condition, marketability, and insurance status. Loan amounts and terms are determined case by case through appraisal and are not guaranteed. New York Loan Company is a collateral lender, not a bank.
Why did Christie’s brand part of its November sale “Radiant Modernism: Signac to Albers”?
Christie’s used this title to group a collection of Impressionist and Modern works, including Paul Signac’s “Saint-Briac, les balises,” within its 20th Century Evening Sale, according to Christie’s press materials. Curated collection narratives like this often draw broader specialist bidding interest than a single unaffiliated lot.
Is it risky to use owned assets as loan collateral?
Yes. Pledging an asset such as art, jewelry, or a watch as loan collateral means that asset can be forfeited if loan terms are not met. It is not a risk-free transaction. Borrowers should review appraisal terms, advance rates, and repayment conditions carefully with the lender before proceeding.
Sources
- Sotheby’s, “Modern Evening Auction | 2026” (2026)
- Sotheby’s, “Sotheby’s Presents Its November Season, Highlighted by Collection of Sydell Miller” (2024)
- Sotheby’s, “Calendar Highlights” (2026)
- Christie’s, “Watch Live | 20th Century Evening Sale” (2026)
- Christie’s, “21st Century Evening Sale” overview page (2026)
- Christie’s Press, “Christie’s Presents Radiant Modernism: Signac to Albers” (2026)
- Phillips, “Modern & Contemporary Art: Evening Sale” (2026)
- Phillips, “Modern & Contemporary Art: Morning Session” (2026)
- Phillips, “Modern & Contemporary Art: Afternoon Session” (2026)
This article is for informational purposes only and does not constitute financial advice. Loan amounts, terms, and eligibility depend on asset appraisal and are determined case by case. New York Loan Company is a collateral lender, not a bank. Contact us directly for a confidential quote.