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photo london photography market sales

The tenth edition of Photo London opened at Somerset House, marking a decade of growth for the UK's largest photography fair. The fair, running through May 18, has become a key event for the photography market, which has shown resilience despite broader art market declines. While global auction sales for photography dropped 5.6% in 2024 to $59 million, this was far less severe than the 27% overall art market decline, and sales volumes remained near record highs. New director Sophie Parker and cofounder Michael Benson highlighted growing interest from young collectors, though challenges remain as established galleries face an aging collector base and market uncertainty.

art basel paris vip preview sales report

Art Basel Paris opened its VIP preview on Wednesday, following a new invite-only preview called Avant Première on Tuesday. Major galleries reported strong sales, including Hauser & Wirth's $23 million Gerhard Richter abstract, the highest reported sale at the fair. Other notable sales included Julie Mehretu's $11.5 million painting at White Cube, a $4.7 million Bruce Nauman neon at Hauser & Wirth, and a $2.5 million Marlene Dumas painting at David Zwirner. Dealers noted that the staggered two-day opening helped spread out crowds and allowed collectors to return for the official VIP day, with many describing the fair as the most successful edition in Paris to date.

Slim Phillips London Sale Totals $13.9 Million, Off 32 Percent From 2024

Phillips London's evening sale of Modern and contemporary art on Thursday totaled £10.3 million ($13.9 million), a 32 percent drop from the equivalent sale in 2024. The 45-minute auction saw 4 of 26 lots withdrawn before bidding, and 4 of the remaining 22 failed to sell, including works by Banksy, Andreas Gursky, Sigmar Polke, and Andy Warhol. The top lot was Jean-Michel Basquiat's *Untitled (Pestus)* (1982), which sold for £2.37 million ($3.19 million), just below its estimate. A new auction record was set for Emma McIntyre, whose painting *Seven types of ambiguity* (2021) more than doubled its high estimate to fetch £167,700 ($225,355).

jean michel basquiat work phillips frieze week sales london

Phillips has announced the lineup for its October London sales during Frieze Week, headlined by Jean-Michel Basquiat's 1982 work on paper, *Untitled (Pestus)*, estimated at £3 million ($4 million). The 26-lot evening auction on October 16 also includes Andy Warhol's diamond dust portrait of Giorgio Armani (estimate £800,000), Banksy's *Kate Moss* (estimate £1 million), and works by Jadé Fadojutimi, Flora Yukhnovich, Damien Hirst, Anish Kapoor, Sasha Gordon, and Emma McIntyre. A day sale on October 18 features pieces by Keith Haring, Warhol, Basquiat, Anselm Kiefer, and Yoshitomo Nara.

work of the week marlow moss

Marlow Moss's painting *White, Black, Blue and Red* (1944) sold for £609,600 ($819,912) at Sotheby’s Modern and Contemporary Evening Auction in London, far exceeding its presale high estimate of £480,000. The work, backed by a guarantee, sparked a bidding war among seven bidders and set a new auction record for the British Constructivist artist. The previous record was set in 2022 at Christie’s London.

sothebys london contemporary evening summer sale report

Sotheby's London contemporary evening sale on Tuesday brought in nearly £62.5 million ($84 million), within its pre-sale estimate of £55 million to £74 million. The 48-lot sale achieved an 83% sell-through rate, with five works selling for over £5 million each, led by Tamara de Lempicka's 'La Belle Rafaëla' (1927) at £7.4 million and Pablo Picasso's 'Nu assis dans un fauteuil' (1964–65). The auction saw strong bidding for a Basquiat work on paper, 'Untitled (Indian Head)', which sold for £5.4 million, and a standout result for Yu Nishimura's 'through the snow' (2023), which tripled its high estimate at £230,000.

picasso panama papers ganz collection

The Panama Papers leak has revealed that the 1997 sale of the Victor and Sally Ganz collection at Christie's New York was secretly orchestrated by billionaire currency trader Joseph Lewis. Lewis had already purchased the top works from the collection through a Christie's subsidiary, Spink & Son, months before the auction, and structured a guarantee that shared profits above $168 million. The sale, which set a private collection auction record at $206 million, included Pablo Picasso's "Women of Algiers (version O)" fetching $31.9 million. The documents also confirm that a Modigliani painting involved in a Nazi restitution case belongs to the Nahmad family.

phillips london evening sale frieze results

Phillips’s Frieze Week evening sale in London totaled £10.33 million ($13.88 million) across 22 lots, a 32% decline from last year’s £15.1 million on 31 lots. The sale was 82% sold by lot and 84% by value. Highlights included a new world auction record for Emma McIntyre, whose painting *Seven Types of Ambiguity* (2021) sold for £167,700, and strong results for Martha Jungwirth and Flora Yukhnovich. However, major lots by Banksy, Andy Warhol, and Jean-Michel Basquiat underperformed or failed to sell, and four lots went unsold, including works by Andreas Gursky and Sigmar Polke.

Nudes by Tamara de Lempicka and Jenny Saville lead quiet Sotheby’s Modern and contemporary sale

Sotheby’s June Modern and contemporary art evening sale in London netted £50.8m (£62.5m with fees) from 48 lots, with an 87% sell-through rate, falling below the pre-sale estimate of £55.2m to £81.1m and marking a 25% decrease from last year’s equivalent sale. The top lot was Tamara de Lempicka’s *La Belle Rafaëla* (1927), which sold for £6.1m (£7.4m with fees), while a Jenny Saville drawing *Mirror* (2011-12) achieved an auction record for the artist at £1.7m (£2.1m with fees). Several high-profile works were passed, including Egon Schiele’s *Portrait Study (Head of a Girl, Hilde Ziegler)* and Barbara Hepworth’s *Vertical Forms*, reflecting cautious bidding in a bearish market.

Altman Siegel, stalwart of San Francisco’s gallery scene for 16 years, will close

Altman Siegel, a prominent San Francisco gallery, will close on 22 November after 16 years in business. Founder Claudia Altman-Siegel announced the decision on 15 October, citing the difficulty for a gallery of its size to scale in the current climate. The gallery, which opened in 2009 at 49 Geary, expanded to a 5,000-square-foot space in the Minnesota Street Project complex and an outpost in Presidio Heights. Over its history, it staged 213 exhibitions and art fairs, representing artists such as Lynn Hershman Leeson, Trevor Paglen, Richard Mosse, Simon Denny, and Kiyan Williams. Its final exhibition will be an eighth solo show with Japanese painter Shinpei Kusanagi.

hermes birkin bag sale sothebys

The original Le Birkin handbag, crafted by Hermès in 1985 for actress and singer Jane Birkin, sold for €8.5 million ($10 million) at Sotheby's Paris on July 10. The bag, which shows visible wear from decades of use, sparked a 10-minute bidding war among nine buyers and was purchased by a private collector from Japan. It broke records as the most valuable handbag ever sold at auction and the highest-selling fashion item in Europe.

Ten of the best by Banksy — from Queen Victoria to Kate Moss

Christie’s has highlighted ten of Banksy’s most iconic works following a dedicated online auction held in March 2026. The selection spans the artist's career, featuring famous motifs such as the 'Flower Thrower Triptych'—originally sold through his Gross Domestic Product pop-up shop—and 'NOLA,' a commentary on the aftermath of Hurricane Katrina. Other notable entries include his 'Pulp Fiction' parody featuring bananas and the globally recognized 'Girl with Balloon,' which continues to command high prices on the secondary market.