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Art Transport Hobbled and Prices Surging in Asia Amid US and Israel’s War in Iran

The ongoing conflict involving the United States, Israel, and Iran has severely disrupted the global art logistics network, particularly in Asia. A report in the Art Newspaper details soaring costs and shipping delays, with international air freight for fine art spiking up to 300% due to increased oil prices. Some exhibitions, like a Per Kirkeby show in China, have opened with fewer works, and shipments for Art Basel Hong Kong were stuck at sea for over a month. Shippers are now considering alternative routes, such as the China-Europe Railway Express, to mitigate delays and costs.

art basel miami beach dispatch 2025 2724242

The article recounts the author's experience at Art Basel Miami Beach 2025, beginning with a moment of reflection on the beach before the fair week's chaos. Three veteran attendees—an artist, an advisor, and a gallery owner—chose to skip the event this year, citing lackluster parties, declining collector interest in Miami compared to Paris, and poor sales attrition. Despite these doubts, the fair saw strong sales, with Hauser & Wirth reporting a 40% increase in the first three hours, and a new digital art sector boosting optimism. Pop-up exhibitions, like "The Body is The Body" at the Rice Hotel, were highlights, while Vanity Fair's party remained the most coveted invite.

KAWS | ALONG THE WAY (2013) | Art & Prints

This article is a detailed listing for KAWS's sculpture *ALONG THE WAY* (2013), a wood piece measuring 96 7/8 × 75 × 51 1/4 inches, held in the collection of the Modern Art Museum of Fort Worth. It includes the work's exhibition history, the artist's biography (born Brian Donnelly, 1974), his key solo exhibitions at institutions such as the Brooklyn Museum and Yorkshire Sculpture Park, and his high auction record of HK$116 million at Sotheby's in 2019. The listing also features a series of related KAWS works available at auction houses including Christie's, Phillips, and Heritage Auctions.

moma cryptopunks chromie squiggles acquisitions 1234768035

The Museum of Modern Art (MoMA) in New York has acquired eight CryptoPunks and eight Chromie Squiggles for its permanent collection, donated by multiple collectors including ARTnews Top 200 Collector Ryan Zurrer and others. The works, both generative NFT projects on the Ethereum blockchain, were added through MoMA's Media and Performance department and will be displayed alongside new media art. CryptoPunks, launched by Larva Labs in 2017, are considered the first major NFT collection, while Chromie Squiggles were created by Erick Calderon (Snowfro) as the first project on ArtBlocks.

churchill painting hudsons bay company auction 2700846

The Hudson's Bay Company, a historic Canadian department store chain that declared bankruptcy in March, began selling off its art collection. On November 19, 27 paintings from the retailer's trove were auctioned by Canadian auction house Heffel, all selling well above estimate. The top lot was an impressionistic painting of a Marrakech street by Winston Churchill, which sold for $1.5 million, more than tripling its low estimate. Other notable sales included Frederic Marlett Bell-Smith's 'Lights of a City Street' at $691,250 and works by William von Moll Berczy and Charles Pachter.

Why former Sotheby's chief executive Tad Smith is bullish on blockchain art

Former Sotheby's CEO Tad Smith, who led the auction house from 2015 to 2019, has emerged as a prominent supporter of blockchain art. The article traces his connection to artist Robert Alice, who first encountered Smith while working as a porter at Sotheby's. Alice, a pioneer in NFT art, sold the first NFT through a major auction house at Christie's in 2020. Now, his blockchain-based painting BLOCK 1 (24.9472° N, 118.5979° E) from the Portraits of a Mind series is being offered at Sotheby's with an estimate of $600,000 to $800,000. Smith, who owns another work from the series, is not the consignor or guarantor but expresses hope the sale will promote Alice's work, Bitcoin, and Sotheby's, particularly among younger generations.

‘Unicorn’ collection, expected to fetch $180m, comes to Christie's

The Weis family, secretive mega-collectors behind the supermarket chain Weis Markets, are selling 80 artworks from their private collection at Christie's in November. The collection, assembled over nearly seven decades by the late Robert F. Weis and his wife Patricia G. Ross, includes major works by Pablo Picasso, Mark Rothko, Max Ernst, and Henri Matisse, and is expected to fetch over $180 million. Christie's secured the sale by offering an advance of nearly $200 million, reflecting strong confidence in the trove.

Ex-Sotheby’s CEO Tad Smith Banks on NFTs, Agrees to Buy Collectibles Platform Candy Digital

Tad Smith, former CEO of Sotheby's and current chairman of the NFT project Doodles, has agreed to acquire most of the assets of the digital collectibles platform Candy Digital. Upon the deal's expected closure in the coming weeks, Smith will also assume the role of CEO, signaling a significant personal and financial bet on the future of the sector.

winston artory merger launches 1234748119

Art appraiser Winston Art Group and art-tech firm Artory have merged to form the Winston Artory Group (WAG), a new company offering art appraisal, advisory, and digital collection management services. The merger is backed by a strategic investment led by Strobe Ventures, with support from CMT Digital, Galaxy Digital, and the family office of Eijk van Otterloo. WAG combines Winston's valuation expertise with Artory's blockchain-backed technology and a database of over 50 million art market transactions, aiming to provide secure, data-rich valuations to insurers, banks, family offices, and collectors. The firm expects to handle $15 billion in valuations this year.

Bounce to Open Sotheby’s Modern Art Auction Prediction Markets on May 11th

Bounce, a decentralized auction platform also known as Auction, will open prediction markets for Sotheby’s modern art auction on its Bounce Predict service from May 11th to May 15th, starting at 12:00 UTC. The announcement was made via an official tweet from AUCTION, referencing the upcoming event.

Comment | 'AI will transform the art market—just not how you expect'

The article argues that AI's most transformative impact on the art market will not come from generating new artworks or NFTs, but from streamlining back-office operations like logistics, insurance, provenance checks, and shipping. It notes that only 3.4% of the $1.7 trillion in privately held art is traded annually, and that antiquated processes deter younger buyers. By automating these friction-heavy tasks, AI could unlock billions in liquidity, potentially raising the turnover rate to 4.4% and injecting over $17 billion into the ecosystem.