At Art Basel Hong Kong, Blue-Chips Report Flurry of 7-Figure Deals, While Others Lament ‘Slower Than Usual’ Sales

Major galleries reported significant seven-figure sales on the opening day of Art Basel Hong Kong. Hauser & Wirth sold works by Louise Bourgeois and George Condo for millions, while David Zwirner sold paintings by Liu Ye and Marlene Dumas for $3.8 million each. Pace Gallery's CEO noted a renewed energy, and other blue-chip dealers like White Cube and Lehman Maupin also reported high-value transactions, particularly with Asian collectors and institutions.

Which Artists Are Insiders Searching For? After 10 Years, Not Much Has Changed

Artnet's Price Database analysis reveals that the most-searched artists by its users have remained remarkably consistent over the past decade. Pablo Picasso, Andy Warhol, and Marc Chagall continue to hold the top three positions, with David Hockney and Yayoi Kusama joining the list, while Salvador Dalí and Lucio Fontana have dropped off.

In Paris, Highly Mobile Gallerists

À Paris, des galeristes très mobiles

The Parisian art scene is experiencing a significant wave of gallery expansions and relocations across both the Right and Left Banks. Major developments include Kamel Mennour acquiring the former Malingue gallery space on Avenue Matignon for secondary market masterpieces, and Christophe Person moving from the Marais to a redesigned space on Rue du Bac with the backing of collector Jean Claude Gandur. Other notable moves include London-based Waddington Custot opening a Parisian branch, Singapore's Cuturi Gallery settling in the Palais-Royal, and Vincent Sator inaugurating a new space in the David Chipperfield-designed Morland Mixité Capitale complex.

Lorna Simpson’s David Adjaye–Designed Brooklyn Home and Studio Remains On the Market—At a Much-Reduced Price

Artist Lorna Simpson has significantly reduced the asking price for her Brooklyn home and studio, located at 208 Vanderbilt Avenue in Fort Greene. Originally listed for $6.5 million in August 2025, the 3,300-square-foot townhouse is now priced at $5 million following months on the market. The property, which features a double-height great room and floor-to-ceiling windows, was custom-built in 2006 for Simpson and her then-husband, artist James Casebere.

The Asian Market Carries Art Basel Hong Kong

Le marché asiatique porte Art Basel Hong Kong

Art Basel Hong Kong 2026 concluded with strong attendance and significant sales, demonstrating the fair's central role in the Asian art market. The event attracted over 91,000 visitors and featured 240 galleries, with a strong presence from the Asia-Pacific region, Europe, and the United States. Major international galleries like Gagosian, Hauser & Wirth, and David Zwirner reported multimillion-dollar sales of works by artists such as Louise Bourgeois, Liu Ye, and Marlene Dumas, alongside notable transactions for works by Tracey Emin and Antony Gormley.

Pete Davidson’s Pop-Filled Art Collection Revealed in Westchester Home Listing

Actor and comedian Pete Davidson has listed his Westchester County home for $2.2 million, revealing a vibrant art collection rooted in pop culture and nostalgia. The 2,300-square-foot residence features a diverse array of works ranging from Peter Max prints and Al Hirschfeld caricatures to contemporary design pieces like the Gufram x Paul Smith 'Sunset Cactus.' The interior reflects Davidson's 'man cave' aesthetic, blending high-end collectibles with whimsical references to television, film, and his native Staten Island.

Dealer David Schrader’s Case for a More Fluid Art Market: ‘Volume Begets Volume’

Art dealer David Schrader is launching a new secondary-market gallery in New York with partners Marc Glimcher and Emmanuel Di Donna. He argues the current market stabilization and renewed optimism, especially in the secondary sector, provide a favorable backdrop for their streamlined, focused venture that aims to avoid the overhead of historic gallery models.

Work by Group of Seven's to be featured at Contemporary Calgary's LOOK2026

Contemporary Calgary has announced the details for its upcoming LOOK2026 auction fundraiser, featuring a prestigious selection of works by Canadian masters and contemporary stars. The auction will include pieces by Group of Seven member L.L. FitzGerald, Maxwell Bates, and Chris Cran, alongside contemporary works by artists such as Kablusiak. The event was bolstered by a significant contribution from Calgary-based philanthropist and collector John Lacey, who reached out to CEO David Leinster to support the institution's mission.

Comment | The market grew in 2025 but ‘interest in art is waning’

The global art market saw a 4% growth in 2025 according to the latest Art Basel and UBS Art Market Report, yet the industry remains on edge. Despite the headline increase, the report reveals a sharp decline in the average number of buyers per gallery—reaching its lowest level since 2021—and rising operational costs for shipping and logistics. Protectionist trade policies and geopolitical instability, particularly escalating conflicts in the Middle East affecting oil prices, continue to strain the contemporary sector.

These Artists Dominated Auction Sales in 2025

The article presents a data-driven analysis of the top-performing artists at auction in 2025, highlighting specific works and their record-breaking sales. J.M.W. Turner re-entered the top ranks with a $11.9 million sale, while Jean-Michel Basquiat dominated the contemporary category with a $48.3 million result for his painting 'Crowns (Peso Neto)'. Other notable sales included works by René Magritte, David Hockney, and the ultra-contemporary artist Matthew Wong.

Strong sales and cross-market demand define Art Basel Hong Kong opening

Art Basel Hong Kong opened with robust sales and high energy, signaling a strong recovery for the Asia-Pacific art market. Blue-chip galleries reported several seven-figure transactions early on, including a $4 million Picasso at Bastian and a $3.8 million Liu Ye painting at David Zwirner. The fair's debut of the digital-focused 'Zero 10' initiative and a significant presence of regional collectors underscored a diverse appetite for both postwar masters and contemporary digital works.

RELEASE: Christie's Spring Auction Series in New York Achieves a Combined Total of $1.79 billion - Christie's

Christie’s concluded its Spring auction series in New York with a historic total of $1.79 billion, bolstered by the landmark sale of the Peggy and David Rockefeller Collection. The two-week marathon featured high-profile evening and day sales that attracted over 85,000 visitors and bidders from 52 countries. Significant results included record-breaking prices for artists such as Kazimir Malevich, Constantin Brancusi, and Joan Mitchell, alongside major works by Francis Bacon and Vincent van Gogh.

A New Roubiliac Enters the Louvre

Un nouveau Roubiliac entre au Louvre

The Musée du Louvre has acquired a bronze bust of the poet Alexander Pope by the 18th-century sculptor Louis François Roubiliac. The work was purchased via private treaty through Sotheby’s after failing to find a buyer during the Manny Davidson collection sale, despite an estimate of €60,000 to €80,000. This acquisition strengthens the museum’s modest but significant collection of non-French European sculpture and is expected to go on public display in the coming weeks.

See Comedian Pete Davidson’s Art-Filled New York Home for Sale for $2 M.

Actor and comedian Pete Davidson has listed his four-bedroom country estate in Westchester, New York, for $2.28 million. The 2,300-square-foot property, situated on six acres, features luxury amenities such as a wine cellar, sauna, and a covered lap pool, but the real estate listing has drawn particular attention for showcasing Davidson's private art collection.

One of the Art Market’s Biggest Secrets, Revealed

Global auction totals saw a significant rebound in 2025, rising 13.3 percent compared to the previous year after a prolonged period of decline. The latest Artnet Intelligence Report highlights this recovery while shifting focus toward the increasingly influential world of private auctions, where high-value masterpieces are traded in invitation-only, clandestine settings away from the public eye.

Getty Museum Acquires Two Significant Dutch Still Lifes

The J. Paul Getty Museum in Los Angeles has acquired two significant 17th-century Dutch still life paintings. The first is Jan Davidsz. de Heem's 'Glass Vase with Flowers and Fruit' (c. 1673–74), a work the museum had sought for over twenty years, which recently emerged from a private German collection. The second is Pieter Claesz's 'Still Life with Assorted Fruit' (1597/98–1660), a 'fruitagje' painting purchased at a Sotheby's auction for $1.64 million.

A Bodybuilder’s 3,300-Year-Old Egyptian Stele Heads to TEFAF

A 3,300-year-old Egyptian stele once owned by bodybuilding pioneer Ben Weider is set to be a highlight at TEFAF New York this May. The limestone carving, which depicts Pharaoh Thutmose IV, was gifted to Weider in 1964 and recently surfaced at a Montreal auction before being acquired by the London-based gallery David Aaron. Alongside the stele, the gallery will present a 2,500-year-old greywacke bust of a goddess, which was recently authenticated after being dismissed as a fake due to its pristine condition and 18th-century restorations.

Christie’s Turns Pop Culture Into a Stadium Event With $94.5 M. Jim Irsay Sale

Christie's auction house achieved a record-breaking $94.5 million sale of the Jim Irsay Collection, a trove of pop culture memorabilia. The four-sale series set 28 world records, with every lot selling for a cumulative total nearly four times its low estimate. Top lots included David Gilmour's "Black Strat" guitar ($14.55M), Jack Kerouac's 'On the Road' typescript scroll ($12.1M), and Jerry Garcia's "Tiger" guitar ($11.56M).

ifpda print fair 2026 sales attendance drawings expansion 1234781135

The 2026 IFPDA Print Fair concluded at the Park Avenue Armory with record-breaking attendance of over 21,000 visitors and robust sales across various price points. This edition marked a significant pivot for the fair following its formal expansion to include drawings dealers, rebranding as the International Fine Prints and Drawings Association. Notable sales included a sold-out edition of Cecily Brown etchings at Two Palms and six-figure works by David Hockney and Rashid Johnson at Galerie Maximillian.

David Shrigley | I Destroyed the Tennis Ball (2023) | Available for Sale

British artist David Shrigley’s 2023 screenprint, 'I Destroyed the Tennis Ball,' is currently up for auction through Vanguarts Auctions on the Artsy platform. The work, a 26-color screenprint on Somerset Satin paper from an edition of 125, features the artist's signature deadpan humor and cartoon aesthetic. Estimated to sell between $2,500 and $3,500, the piece is part of the 'Contemporary Dialogue: Icons & Emerging Voices' sale.