Cash-Strapped Hong Kong Arts Hub Saved—Plus a Rundown of the Latest in Asia’s Art World
Hong Kong's financially struggling West Kowloon Cultural District, a major arts hub, has been rescued from its cash crisis. This development was part of a broader Asia art world update that also included leadership changes at Japan's Art Collaboration Kyoto and the announcement of a new art fair in Shenzhen.
A rare 5.5-carat blue-green diamond known as the 'Ocean Dream' sold for $17.3 million at Christie’s Geneva jewelry sale, setting a record for a fancy vivid blue-green diamond at auction. The sale far exceeded its presale estimate of $9 million to $13 million after a 20-minute bidding battle. In other auction news, Sotheby’s New York sold over $433 million worth of art in its contemporary art sales, including 11 pieces from the Robert Mnuchin collection. Meanwhile, London’s Wellcome Collection agreed to return around 2,000 sacred Jain manuscripts to the Jain religious community under a new restitution framework, acknowledging they were acquired unethically. Several art fairs were announced, including Zero 10 curated by Trevor Paglen at Art Basel in Switzerland, CAN Art Fair Ibiza’s fifth edition, and Art-o-rama’s 20th edition in Marseille. Notable gallery news includes the bankruptcy and closure of French gallery Air de Paris after 36 years, and Carine Karam becoming director of Opera Gallery’s New York outpost. Hong Kong’s M+ and Paris’s Centre Pompidou announced a multi-year strategic alliance, and New York’s Frick Collection entered a three-year partnership with Louis Vuitton.
Artnet News editors and journalists compiled their annual roundup of the best artworks seen in 2025, highlighting standout pieces from around the world. Among the featured works are Richard Serra's monumental steel sculpture "East-West/West-East" (2014) in the Qatari desert, Emma Ferrer's painting "You Will Return the Evil to Its Steppe (Homage to Josefa de Óbidos)" (2024) shown at New York's Sapar Contemporary, and Kerry James Marshall's "The White Queens of Africa: Colette" (2025) from his retrospective at the Royal Academy of Art. Each artwork is accompanied by a personal reflection from the journalist who encountered it.
A centennial market analysis of Joan Mitchell reveals that an untitled 1979 abstract work by the artist was the most expensive artwork on offer at Art Basel Miami Beach, priced at $18.5 million by Gray gallery. The article examines Mitchell's auction performance, noting that her record stands at $29.2 million set in 2023, and that three paintings have sold for over $20 million since then. Despite these strong results, her auction highs still trail behind male Abstract Expressionist contemporaries like Jackson Pollock and Mark Rothko.
The article highlights eight standout art books recommended for gifting this season, covering a range of topics from architectural deep dives and contemporary art to fashion histories and experimental catalogs. Featured titles include "All of Us Stars: Bobby Busnach," a photo book capturing the gritty glamour of 1970s Upper West Side nightlife, and "Christopher Wool: See Stop Run," an exhibition catalog documenting Wool's unconventional 2024 show in a Manhattan office tower. Other books span monographs, boundary-pushing catalogs, and fashion histories, each offering unique perspectives on visual culture.
This week's art industry roundup covers major personnel shifts, fair announcements, and institutional news. Phillips named Robert Manley chairman for Modern and contemporary art and Miety Heiden chairman for private sales after the departures of Cheyenne Westphal and Jean-Paul Engelen. Art Basel Paris announced 203 galleries for its October fair at the Grand Palais, while Kiaf Seoul will host 176 exhibitors in September. Tony Karman is stepping down as director of Expo Chicago after 14 years. Pace Gallery added Friedrich Kunath, Galerie Nordenhake signed Naufus Ramírez-Figueroa, and Sylvia Kouvali now represents Luigi Zuccheri. Ariel Pittman is launching a new Los Angeles gallery, Official Welcome. The Louvre will return 258 works from Adèle de Rothschild's bequest to the Fondation des Artistes. President Trump dismissed Smithsonian National Portrait Gallery director Kim Sajet over DEI support, though his authority is questioned. The Centre Pompidou announced a new $240 million outpost in Brazil. The Art Institute of Chicago confirmed director James Rondeau will return after a flight incident. The Pérez Art Museum Miami appointed Karen H. Bechtel as board president. Frieze and Deutsche Bank detailed their 2025 Emerging Curators Fellowship. A rare Gustav Klimt portrait of an African prince was offered for €15 million.
At a Christie’s New York 21st-century art sale, Marlene Dumas’s painting *Miss January* (1997) sold for $13.6 million with premium, setting a new auction record for the most expensive artwork by a living woman artist. The work, estimated at $12–18 million, narrowly surpassed the previous record of $12.4 million held by Jenny Saville since 2018. Dumas, a 71-year-old South African painter based in Amsterdam, has built a steady market over decades, with her galleries carefully managing her work to avoid speculation.
Days before a Louise Nevelson sculpture was to be auctioned at Sotheby’s in May 2022, Pace Gallery founder Arne Glimcher declared the work inauthentic, claiming it was assembled by the artist’s son, Mike, rather than by Nevelson herself. The consigner, the estate of collector Hardie Beloff, has now sued Pace Gallery in US District Court for Eastern Pennsylvania, alleging that Glimcher deliberately sabotaged the sale to protect Pace’s control over Nevelson’s market. The lawsuit centers on Glimcher’s call to Sotheby’s, where he warned the work would not be included in a forthcoming catalogue raisonné, and on a 1993 appraisal in which he had valued the same sculpture at $85,000 without questioning its authenticity.
A visitor at France's Pompidou-Metz ate a banana from Maurizio Cattelan's conceptual artwork "Comedian" (2019), which consists of a banana duct-taped to a wall. Security staff intervened calmly, and the work was reinstalled within minutes, as the fruit is regularly replaced per the artist's instructions. The incident occurred during the exhibition "The Endless Sunday," celebrating the museum's 15th anniversary, which features 30 works by Cattelan alongside over 400 others from the Musée National d'Art Moderne.
Pace Gallery has taken global representation of Constantin Brâncuși's estate, announced hours before a $100 million Brâncuși sculpture, Danaïde (1913), goes to auction at Christie's. The sculpture comes from the collection of S. I. Newhouse and is among the most expensive works in New York's marquee sales. The announcement coincides with a major retrospective of the artist, organized by the Centre Pompidou, currently at the Neue Nationalgalerie in Berlin and heading to the Museum of Modern Art in New York later this year.
Pace Gallery has secured global representation of the Constantin Brancusi Estate, announcing plans for a London exhibition this fall curated by art historian Jérôme Neutres. The news coincides with the auction of Brancusi's 1917 sculpture *Danaïde* at Christie's New York, estimated at $100 million, from the collection of late media mogul S.I. Newhouse. The estate was previously represented by Kasmin gallery, which closed last year. Pace's CEO Marc Glimcher emphasized the gallery's investment in modernist expertise and its ambition to become a market center for Brancusi works.
Christie's has released a promotional video featuring actress Nicole Kidman to advertise the upcoming auction of Constantin Brancusi's bronze sculpture *Danaïde* (1913), estimated at $100 million. The sculpture comes from the collection of the late media mogul S.I. Newhouse, who purchased it for $18.2 million in 2002. The nearly two-minute film, shot at Christie's Rockefeller Center headquarters, shows Kidman interacting with the work and was conceived by former Sotheby's auctioneer and Newhouse estate advisor Tobias Meyer. The sale is scheduled for May 18 in New York.
Seyni Awa Camara, a Diola sculptor from Bignona, Senegal, known for her totemic clay sculptures of stacked human bodies, has died. Her work, steeped in spirituality and inspired by a ram's horn she called a 'genie,' gained international recognition after being discovered by anthropologist Michèle Odeyé-Finzi and introduced to Europe by gallerist André Magnin. Despite her global following—including fans like Pharrell Williams and Louise Bourgeois—Camara remained largely unknown in her home country, relying on foreign buyers to sustain her practice.
Barbara Chase-Riboud, now 86, reflects on her transformative 1958 trip to Egypt, which she undertook on a dare as a 19-year-old student at the American Academy in Rome. The journey, during which she explored the pyramids and temples of Luxor and Karnak alone, profoundly influenced her artistic practice, leading her to create abstract bronze sculptures that evoke ancient Egyptian forms. The article traces her remarkable career as a sculptor and writer, highlighting her many firsts: the first Black female artist acquired by MoMA (at age 16), the first Black woman to earn an MFA from Yale, the first living female artist to have a solo show at the Metropolitan Museum of Art, and the only visual artist to appear on the cover of Ebony.
Artnet News highlights the top photography moments of 2025, including Sara Cwynar's exhibition of search-engine images at ICA Boston, Inuuteq Storch's debut at MoMA PS1 showcasing his Greenlandic hometown, and Dietemar Busse's Polaroid portraits celebrated at Amant, New York. The year also saw Wolfgang Tillmans' blockbuster farewell exhibition at the Centre Pompidou before its five-year renovation, and Marian Goodman Gallery's inaugural show of Ana Mendieta's work, "Back to the Source," featuring her iconic photographs and performances. Mendieta's work was also spotlighted at Art Basel Miami Beach, with her piece "Sandwoman" (1983) drawing emotional responses from visitors.
Gagosian has partnered with filmmaker Wes Anderson to recreate the New York studio of Joseph Cornell at its Paris gallery space on 9 rue de Castiglione. The exhibition, curated by Jasper Sharp and titled “The House of Utopia Parkway,” will run from December 16 to March 14, 2026, transforming the gallery into a tableau that blends a time capsule with a life-size shadow box. It marks the first solo presentation of Cornell’s work in Paris in over four decades, featuring iconic glass-fronted “shadow boxes” such as *Pharmacy* (1943), *Untitled (Pinturicchio Boy)* (circa 1950), and *A Dressing Room for Gille* (1939).
Chinese artist Cai Guo-Qiang staged a fireworks performance titled *Le Dernier Carnival (The Last Carnival)* outside the Centre Pompidou in Paris on October 22, during Paris Art Week, to mark the museum's five-year closure for renovations. The show, created in collaboration with White Cube gallery, used pyrotechnics, paint, and a custom-built AI model. Activists from Students for a Free Tibet France protested the event, condemning Cai for a previous pyrotechnic stunt in Tibet that sparked environmental concerns and led to the dismissal of four Chinese officials.
On September 22, the Centre Pompidou in Paris closed for a five-year renovation, marking the occasion with a daytime fireworks display titled “The Last Carnival” by Chinese artist Cai Guo-Qiang. Organized with White Cube gallery and set during Art Basel Paris, the three-act gunpowder spectacle—The Banquet, The Dawn of AI, and The Last Carnival—was conceived using Cai’s custom AI model, cAI™, and turned the museum’s façade into a monumental painting.
Y.Z. Kami's painting *Messenger (The Forrest)*, priced around $300,000, is currently on offer at Gagosian's Beverly Hills gallery. The work is part of a series the artist began in 2022 based on photographs taken during travels in India. Kami, born in Tehran in 1956 and based in the U.S. since 1984, is known for large-scale portraits in oil on linen. The painting is featured in Kami's exhibition 'The Domes' at Gagosian, which runs through August 8 and includes three Messenger paintings, one already sold. The show marks his first West Coast solo exhibition since 2016–17 at LACMA.
Celine is partnering with the Centre Pompidou to offer free public access on four select days this summer, coinciding with Wolfgang Tillmans's major exhibition "Nothing Could Have Prepared Us – Everything Could Have Prepared Us." The initiative, "Accès Libre par Celine," launches June 13 and continues on July 3, August 28, and September 22. Tillmans's exhibition occupies the museum's entire second floor, typically home to the Bibliothèque publique d'information (Bpi), and runs through September 22. Rather than a chronological retrospective, the installation engages directly with the building's architecture, repurposing library furniture and redesigning partitions. The show follows Tillmans's traveling retrospective "To Look Without Fear" at MoMA in 2022 and a recent solo presentation at David Zwirner.
Christo, the Bulgarian-born artist known for his monumental fabric-wrapped installations, reflects on his career ahead of a planned exhibition at the Centre Pompidou titled "Christo & Jeanne-Claude, Paris!" The show, dedicated to Christo and his late wife and collaborator Jeanne-Claude, has been indefinitely postponed due to the global health crisis. Christo discusses his early years in Paris, his nomadic artistic approach, and his upcoming project to wrap the Arc de Triomphe, scheduled for September 19 to October 4. The article captures his disdain for retrospection, his escape from communist Bulgaria, and his lifelong commitment to taking art beyond traditional gallery spaces.
Swiss artist Jean Tinguely, born 100 years ago on May 22, 1925, is celebrated in a centenary retrospective at Pirelli HangarBicocca in Milan. Known for his kinetic sculptures—clattering, motorized assemblages of cogs, wheels, and found objects—Tinguely emerged from Dada influences in Basel and Paris to become a leading figure of kinetic art. His work satirizes technological reliance and explores themes of mortality, often incorporating animal skulls and planned explosions. Major retrospectives at the Stedelijk Museum (2016) and Pirelli HangarBicocca (2024) have revived interest in his oeuvre.
The article examines the resurgence of ceramics as a fine art medium, tracing its history from ancient Chinese and Greek pottery to the record-breaking $36 million sale of a Ming Dynasty chicken cup in 2014. It highlights influential figures like Peter Voulkos, who established ceramics departments at major institutions, and artists such as Ken Price, Ron Nagle, and Betty Woodman. Recent major museum exhibitions—including 'Strange Clay' at London’s Hayward Gallery, 'Funk You Too!' at New York’s Museum of Arts and Design, and 'Ceramics in the Expanded Field' at MASS MoCA—showcase a new generation of artists pushing the medium beyond traditional craft.
Two major New York art fairs—NADA New York and Independent—opened this week alongside Frieze and TEFAF, marking a crowded spring fair season. Despite a recent market downturn, both fairs reported strong attendance and early sales. NADA's executive director Heather Hubbs noted high-quality visitors and positive feedback on the new venue, while Independent founder Elizabeth Dee cited a 20% increase in opening-day attendance and robust buying from collectors and institutions. Sales ranged from lower-priced works under $50,000 to six-figure transactions, with galleries like Vielmetter Los Angeles, Andréhn-Schiptjenko, and Fleisher/Ollman Gallery reporting significant sales.
A new group exhibition titled "Merci! John Giorno" has opened at Almine Rech Paris, celebrating the life and career of the late American artist John Giorno (1936–2019). Presented in collaboration with Giorno Poetry Systems, the show features Giorno's own works alongside pieces made for or inspired by him, including his iconic interactive work "Dial-A-Poem" (1968–ongoing) and his "Poem Paintings" begun in 1989. The exhibition also marks the tenth anniversary of the seminal show "Ugo Rondinone: I ♥ John Giorno" at the Palais de Tokyo in 2015. Running through June 7, 2025, it is complemented by other collaborations set in Parisian museums and regional venues throughout the year, including a revival of "Dial-A-Poem" in French at the Centre Georges Pompidou.
The Centre Pompidou in Paris has opened "Paris Noir: Artistic circulations and anti-colonial resistance 1950–2000," a landmark exhibition featuring 350 works by 150 largely underrecognized Black artists active in postwar Paris. The show includes paintings, sculptures, films, photographs, and archival materials, highlighting artists such as Georges Coran, Ed Clark, Beauford Delaney, Mary Lovelace O’Neal, and Ming Smith, and explores themes of Afro-Atlantic abstraction, Surrealism, anti-colonial activism, and jazz's influence on visual art.
Valie Export, the pioneering Austrian feminist artist known for challenging the conventions of art and cinema through body-centered, tactile works, died on May 14 at age 85, three days before her birthday. Her death was confirmed by Thaddaeus Ropac Gallery, which represents her. Over six decades, Export created influential works such as "TAP and TOUCH CINEMA" (1968) and "Action Pants: Genital Panic" (1968), using her own body to question gender norms and the nature of film. Born Waltraud Lehner in Linz, she reinvented herself as VALIE EXPORT in 1967, a name symbolizing her exportation of personal ideas. She was associated with the Viennese Actionists but developed her own expanded cinema practice, producing works like "Abstract Film No. 1" (1967–68) that redefined the medium.
The 2026 Met Gala, themed "Fashion Is Art," saw celebrities and fashion figures wearing outfits directly inspired by or referencing iconic artworks and art historical movements. Notable nods included Chloe Malle in a gown referencing Frederic Leighton's *Flaming June*, Lauren Sánchez Bezos in a Schiaparelli dress echoing John Singer Sargent's *Madame X*, and Hunter Schafer channeling Gustav Klimt's portrait *Mäda Primavesi*. Other attendees like Anne Hathaway, Hailey Bieber, and Karan Johar also drew from specific paintings, sculptures, and poems, while stylist Law Roach wore a hand-painted piece by Gabonese artist Naïla Opiangah.
Georg Baselitz, the influential German painter and sculptor, died on 30 April at age 88. Born Hans-Georg Kern in 1938 in Deutschbaselitz, he grew up amid the ruins of Nazi Germany and later adopted his surname from his birthplace. Expelled from the East Berlin Academy for "sociopolitical immaturity," he moved to West Berlin, where he rejected both gestural abstraction and Expressionism. His first solo exhibition in 1963 was shut down for obscenity. In 1969 he pioneered his signature inverted paintings, turning subjects upside down to sever image from representation. He also created large carved sculptures using axes and chainsaws. His later series, from 2014 onward, are considered his most astonishing work, culminating in a sustained focus on his wife, artist Elke Kretzschmar.
Art Brussels, now in its 42nd edition (April 23–26), has downsized from 164 to 138 participating galleries, a 15% reduction that allows the fair to fit entirely within one hall of Brussels Expo. Director Nele Verhaeren openly acknowledged the shift, framing it as a deliberate move toward a 'quality-first' approach that prioritizes visitor experience over sheer scale. The fair introduces a new section called Horizons, curated by Devrim Bayar of the upcoming Kanal-Pompidou museum, featuring seven large-scale works in the freed-up space. Dealers like Xavier Hufkens and Nadja Vilenne support the strategy, noting that galleries must now carefully choose which fairs to attend amid rising costs and geopolitical tensions.