Art News. Vasari Codex

trending_up market schedule Nov 20, 2025 visibility 22 link 13 artists, 2 galleries

maurizio cattelan america gold toilet auction

Maurizio Cattelan's 18-karat gold toilet sculpture, *America* (2016), sold at Sotheby's New York for $12.1 million to Ripley's Believe It or Not!, the entertainment franchise known for oddities. The work, consigned by hedge-fund manager Steve Cohen, was auctioned from the Breuer Building and drew long viewing lines. Despite a playful bidding process led by auctioneer Phyllis Kao, the final price fell short of Cattelan's auction record of $17.2 million set by *Him* (2001) at Christie's in 2016.

newspaper Artnet News open_in_new Read original

trending_up market schedule Apr 15, 2026 visibility 36 link 7 artists

ken griffin global recession iran strait of hormuz

Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.

newspaper ARTnews open_in_new Read original

trending_up market schedule Dec 18, 2025 visibility 19 link 8 artists, 1 gallery

work of the week basquiat onion gum

Jean-Michel Basquiat's 1983 painting *Onion Gum*, priced at $21.5 million, was one of the most expensive works for sale at the 23rd edition of Art Basel Miami Beach. The large square canvas, featuring a white head and handwritten text, has a long market history: it sold for $7.36 million at Sotheby's in 2012 to hedge fund manager Daniel Sundheim, then failed to meet its estimate at auction in 2016, fetching $6.6 million. Since 2017, Van de Weghe Gallery has used the work as collateral for bank loans, showing it at multiple Art Basel fairs with prices rising from $16.5 million in 2018 to the current $21.5 million.

newspaper Artnet News open_in_new Read original

trending_up market schedule Feb 27, 2026 visibility 30 link 19 artists, 1 gallery

‘I rely heavily on instinct’: entertainment mogul Hassan Smith on the art he collects and why

Entertainment executive and art collector Hassan Smith, manager to John Legend and advisory board member for the Atlanta Art Fair, shared insights into his collecting philosophy ahead of Frieze Los Angeles. His extensive collection spans art history from Rembrandt and Picasso to contemporary Black masters like Sam Gilliam, Rashid Johnson, and Deborah Roberts. Smith recently added a large-scale painting by Patrick Eugène to his holdings, noting that he relies on a mix of instinct and professional networking to make quick acquisition decisions.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Aug 5, 2025 visibility 15 link 5 artists

philip falcone blce art loans picasso hirst ruling

The New York Supreme Court ruled against former hedge fund manager Philip Falcone in a case brought against pawnbroker BLCE over loans secured by artworks and a diamond ring. Judge Lyle E. Frank sided with BLCE's counter-claims of fraud and breach of contract, finding that Falcone made misrepresentations when securing loans with the same artworks—including pieces by Pablo Picasso, Damien Hirst, and Richard Prince—from multiple lenders. Falcone had claimed the ring was "wrongfully foreclosed," but the court determined he failed to raise genuine issues of material fact.

newspaper ARTnews open_in_new Read original

trending_up market schedule Jul 15, 2025 visibility 15 link 12 artists

Top auction houses draw Southeast Asia’s elite art buyers

Auction houses Sotheby's, Christie's, and Bonhams are seeing a surge in participation from wealthy Southeast Asian collectors, particularly Millennials and Gen Z. Elaine Holt of Sotheby's Asia reports significant growth in collector activity from the region, with strong bidding at recent Hong Kong sales. Christie's Asia-Pacific president Francis Belin notes Southeast Asia is now the firm's third-largest buying market in Asia-Pacific, led by Singapore and Indonesia, with notable increases from Vietnam. Bonhams' managing director for Asia, Julia Hu, reports a 67% year-on-year rise in Southeast Asian auction spending. Younger buyers are driving demand, with Millennials and Gen Z accounting for 37% of Bonhams' Hong Kong buyers and 40% of Sotheby's Hong Kong marquee sales. A Renoir painting sold for $23.56 million to a collector in their 30s, highlighting youthful buying power.

newspaper Hong Kong Business open_in_new Read original

trending_up market schedule Oct 21, 2025 visibility 14 link 1 artist

pemberton asset management buys bonhams from private equity firm epirus for undisclosed sum

Pemberton Asset Management, a European private credit manager backed by Legal & General, has acquired the auction house Bonhams from private equity firm Epiris for an undisclosed sum. The acquisition led to the departure of Bonhams's global CEO Chabi Nouri and chief commercial officer Céline Assimon, with a new senior leadership team appointed including Seth Johnson as CEO, Liese Thomas as CFO, and Jennifer Babington as COO. Bonhams chairman Hans-Kristian Hoejsgaard will remain in his role, while Chris Ellerker and Mohit Agarwal from Pemberton join the board.

newspaper ARTnews open_in_new Read original