$1.1 Billion in Art Sold in Less Than Three Hours
A single evening only brought in $1 billion at auction one other time, Paul Allen’s estate in 2022.
Christie’s May 18 evening sale was headlined by:
Pollock: $181.2M, nearly 3x his previous record
Brancusi: $107.6M, second highest sculpture price ever
Rothko: $98.4M, a new record for the artist
Obvious outliers, but the evening capped a spring auction season that totaled $2.5 billion (roughly 2x last year). This follows a Q1’26 that saw the postwar contemporary art market grow 23.1%.
Masterworks offers investors the opportunity to invest in blue-chip contemporary and post-war art. Since 2017, it has offered over 500 artworks and raised over $1 billion in total investments.
29 exits to-date have delivered net annualized returns like 16.5%, 17.6% and 17.8% on sold works held over 12 months.
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*According to Masterworks data. Past performance is not indicative of future performance. Investing involves risk. See important disclosures at masterworks.com/cd

Good Morning,
Nigeria’s real estate and construction sectors reached a combined value of ₦77.52 trillion in 2025, underscoring the growing importance of the built environment to the national economy. However, while nominal growth remained strong, weaker real growth figures suggest that inflation, rising construction costs and affordability pressures continue to constrain actual market expansion. The latest data highlights both the resilience of the property sector and the structural challenges that developers, investors and policymakers must address to accelerate housing delivery and sustainable growth.
Nigeria’s Real Estate and Construction Sectors Reach ₦77.52tn in 2025 Amid Slower Real Growth
Nigeria’s real estate and construction sectors recorded a combined nominal value of ₦77.52 trillion in 2025, underscoring their growing importance to the national economy despite weaker real growth performance. The figures reflect strong monetary expansion across both sectors, driven by rising property values, infrastructure investments and urbanisation. However, industry stakeholders caution that inflationary pressures and affordability constraints continue to limit the pace of actual output growth.
Nigeria’s Office Market Shifts Toward Flexible Workspaces
Nigeria’s commercial real estate sector is undergoing a notable transformation as businesses increasingly embrace flexible workspaces and managed office solutions in response to changing workplace dynamics, cost pressures and evolving operational requirements. The trend is reshaping demand across key office markets, particularly in Lagos and Abuja, where occupiers are seeking greater flexibility than traditional long-term leases provide.
Africa’s Ultra-Wealthy Increase Real Estate Investments Amid Global Economic Uncertainty
Africa’s ultra-high-net-worth individuals (UHNWIs) are increasing their exposure to real estate as global economic uncertainty, market volatility and inflationary pressures reshape investment strategies across the continent. According to a recent report by Standard Bank Group, affluent investors with more than $50 million in investable assets are increasingly turning to residential and commercial property to preserve wealth, generate income and diversify portfolios
What happens when you throw out the GTM playbook
That investor was wrong. Gamma is now worth $2B, with 50M users and more than half their growth driven by word of mouth.
They're one of 6 AI-native startups in HubSpot for Startups' free Bold Bets Playbook. Replit grew revenue 50x after half the team pushed back on the strategy. Ramp generated 100M+ views from a single stunt. Clay's co-founder wouldn't hang up a sales call until the prospect DMed him in Slack.
Each one took a GTM risk most founders would never greenlight. Each one paid off.
Atejibe Foundation Advocates Stronger Physical Planning for Sustainable Urban Growth
The Atejibe Foundation has called for comprehensive reforms in Nigeria’s physical planning system, arguing that stronger planning frameworks are essential to achieving sustainable urban development, improving housing delivery and addressing the challenges associated with rapid urbanisation. The organisation stressed that effective physical planning remains critical to building resilient cities capable of supporting economic growth, infrastructure development and improved living standards.
Nigerian Engineers Advocate Stronger Industrial Training to Accelerate Infrastructure Development
Nigerian engineers have called for stronger industrial training programmes, enhanced technical education and sustained investment in infrastructure development, arguing that a skilled workforce remains essential to addressing the country’s infrastructure deficit and supporting long-term economic growth. The appeal highlights growing concerns over the mismatch between academic training and industry requirements, particularly in engineering, construction and technology-related fields.
Oyo Demolishes Building Linked to Kidnapping of Adelabu’s Sister and Twin Sons
The Oyo State Government has demolished a building allegedly used by kidnappers involved in the abduction of Mrs Olaide Busayo Adegoke John-Paul, the sister of former Minister of Power, Chief Adebayo Adelabu, and her 12-year-old twin sons. The demolition took place less than 48 hours after security operatives successfully rescued the victims during a coordinated operation in Ibadan. The state government said the action demonstrates its commitment to combating kidnapping and dismantling criminal infrastructure across Oyo State.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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