bonhams posted significant losses 2024

Bonhams, the UK-based auction house, reported a nearly 90% surge in pre-tax losses to £213 million ($286.3 million) in 2024, alongside a 9% revenue decline to £176 million ($236.6 million), according to filings with Companies House. The losses were driven by £153 million in impairment charges due to reduced cash flow forecasts, reflecting a write-down on the investment value held by former owner Epiris. The house was sold to Pemberton Asset Management in October 2024, and subsequently saw a leadership overhaul, with Seth Johnson appointed CEO, Liese Thomas as CFO, and Jennifer Babington as COO, replacing Chabi Nouri and Céline Assimon.

rare royal blue sapphire necklace sells christies hong kong

A rare sapphire necklace known as the “Royal Blue” sold for HKD 125,450,000 ($16,131,051) at Christie’s Hong Kong on Tuesday, during the auction house’s Hong Kong Luxury Week Autumn 2025. The necklace, featuring 104.61 carats of Kashmir Royal Blue sapphires, was the highlight of the “Magnificent Jewels” sale and fell within its pre-sale estimate of HKD 100–150 million.

phillips juvenile triceratops fossil auction

Phillips auction house sold a juvenile Triceratops skeleton named Cera for $5.4 million at its Modern and contemporary evening sale in New York, marking the company's first foray into dinosaur fossils. The specimen, discovered in South Dakota's Hell Creek Formation, is the first juvenile Triceratops ever uncovered and features two-thirds of its original skeleton. The sale exceeded its low estimate of $2.5 million, and other natural history lots, including a preserved marine crocodile, were also offered.

vanderbilt sapphire phillips geneva jewels

Phillips’s “Geneva Jewels Auction” on Monday achieved CHF 13.7 million ($17 million) in total sales, with 96 of 113 lots sold (85% sell-through rate). Twelve lots from the Vanderbilt family sold out, contributing CHF 3.42 million ($4.25 million)—four times their low estimate. The top lot was “The Vanderbilt Sapphire,” a 42-karat sugarloaf Kashmir sapphire and diamond brooch by Tiffany & Co., which sold for CHF 2.88 million ($3.57 million), exceeding its $1–1.5 million estimate. Other highlights included a Cartier Magnificent diamond brooch ($560,582), a Bulgari “Serpenti” belt ($368,383), and multiple Cartier “Panthère” jewels. The auction drew over 1,600 visitors and bids from 44 countries.

widow sues new york auction house stamp collection

Shelley Entner, a Florida widow, is suing Robert A. Siegel Auction Galleries in New York for the return of her late husband Stanley Marks' stamp collection, valued at up to $2 million. Entner claims some stamps are missing from the collection, which Marks began in 1937 and continued until his death in 2016. The auction house sold the international portion in 2016 for $750,000, but Entner says a recent inspection revealed missing US stamps. The auction house denies the allegations, stating Entner changed her mind about auctioning the collection and refuses to reimburse $56,000 in insurance costs, while offering to return the stamps.

new regulation around eu import law promises art market shakeup

A new European Union regulation, Regulation (EU) 2019/880, will take effect on June 28, requiring thorough provenance documentation for cultural objects over 200 years old (or 250 for archaeological items) imported into the EU. Importers must provide material evidence proving lawful acquisition from the country of origin, including the object's origin, export date, and chain of ownership, or face potential seizure. The rule builds on a 2019 anti-trafficking law and has sparked concern among EU-based dealers, who warn it could stifle the market for antiquities and non-European art.

art market minute may 26

Art Basel is launching a new fair in Doha in February 2026, marking its fifth global edition and a strategic expansion into the Gulf region. The move is backed by Qatar Sports Investments and QC+, a commercial arm of Qatar Museums, reinforcing Qatar’s cultural ambitions while placing the country in direct market competition with Dubai and a rising Saudi Arabia. Additionally, Sotheby’s has sold the most valuable trove of Old Master works ever offered in a single auction, and there have been more high-profile shifts from auction houses to private dealerships.

Auctions of the week: ancient art, design and antiques

A busy week of auctions is scheduled for May 21-27, 2026, spanning Milan, New York, and other global hubs. Italian auction houses including FarsettiArte, Wannenes, Gonnelli, Finarte, Capitolium AuctionHouse, Pananti, Aste Bolaffi, Il Ponte, Maison Bibelot, Babuino Fine Art Auctions, and Pandolfini will offer paintings, drawings, sculptures, antiques, design, jewelry, and vintage fashion. International houses Christie’s, Sotheby’s, Bonhams - Cornette de Saint-Cyr, and Dorotheum also hold sales in New York, Zurich, Paris, and Vienna, covering post-war and contemporary art, handbags, fine wine, and antiques.

This free exhibition celebrates the Monogram’s 130th anniversary with a selection of exceptional trunks in Paris.

To mark the 130th anniversary of Louis Vuitton's Monogram canvas, the Parisian auction house Gros & Delettrez is hosting a free exhibition of rare travel trunks and accessories from May 18 to 20, 2026. The display features iconic pieces including two expedition bed trunks (one from 1911 with the initials 'B.B.'), a library trunk, a desk trunk, and other travel innovations designed between 1880 and 1930, all before they go up for auction on May 21.

A Bird Flying Through a Tunnel, 2019 by Matt Connors, Acrylic on canvas, 304.8 x 244.5 x 3.2 cm (3)

The article is a promotional piece for an art advisory platform that partners with leading galleries to showcase artists, artworks, and exhibitions. It highlights a curated membership model vetted by industry peers, offering access to influential galleries, collectors, and auction houses. The featured image is Matt Connors' painting "A Bird Flying Through a Tunnel" (2019), an acrylic on canvas work measuring 304.8 x 244.5 x 3.2 cm.

PixCell-Elk#3, 2026 by Kohei Nawa

This article appears to be a promotional or editorial piece about the artwork "PixCell-Elk#3, 2026" by artist Kohei Nawa. It describes a partnership with leading galleries to showcase artists, artworks, and exhibitions, with membership vetted by industry peers. The text also highlights the role of art advisors providing access to influential galleries, collectors, and auction houses, while celebrating contemporary art through editorial content.

Kansong's Cultural Defense Exhibition Features National Treasure Vase

The Kansong Art Museum in Seoul has launched a special exhibition titled "Cultural Defense of the Nation: The Spirit of Our People Preserved Through Faith," showcasing 46 significant artifacts reclaimed by collector Chun Hyung-pil during the Japanese colonial period. The centerpiece of the show is a rare 18th-century white porcelain bottle decorated with underglaze blue, iron-red, and copper-red, which Chun famously acquired at the Gyeongseong Art Club auction in 1936. He outbid a prominent Japanese dealer with a record-breaking bid of 14,580 won—a sum equivalent to the price of 15 houses at the time—to prevent the treasure from leaving Korea.

Heffel’s autumn sales, including auction of art from collection of Canada’s oldest company, tally $22.1m

Heffel Fine Art Auction House held its marquee autumn sales in Toronto on November 19, featuring four auctions that included works from the collection of the Hudson's Bay Company, North America's oldest company, which declared bankruptcy earlier this year. The marathon series of sales also included a single-owner auction of the late collector Lillian Mayland McKimm's holdings and two multi-owner sales of Canadian, Impressionist, modern, post-war, and contemporary art. Over 16 artists' secondary market records were broken, with total sales reaching C$31 million ($22.1 million). Notable highlights included E.J. Hughes' 'Entrance to Howe Sound' selling for C$4.8 million, more than doubling his previous record, and Winston Churchill's painting 'Marrakech' fetching C$1.5 million.

Leaning on luxury goods, Sotheby's launches auction week in Abu Dhabi

Sotheby's will hold its first auction week in Abu Dhabi this December, partnering with the Abu Dhabi Investment Office (ADIO). The event, which includes auctions, exhibitions, and events from October through December, focuses on luxury goods such as cars, jewelry, and watches, targeting ultra-high net worth individuals. Highlights include the sale of the 31.86-carat 'Desert Rose' diamond and a 'Triple Crown' car collection in collaboration with McLaren Racing. The move follows ADQ's $1 billion minority stake in Sotheby's in October 2024.

Jane Birkin’s original namesake Hermès bag sells for record-breaking €8.6m at Sotheby’s Paris

Sotheby's Paris sold the original Hermès Birkin prototype that belonged to the late actress Jane Birkin for a record-breaking €8.6 million on July 10. The 50-year-old scuffed handbag, which Birkin carried for years, sparked a ten-minute bidding war among nine collectors and ultimately went to a buyer in Japan. The sale far exceeded the previous world record for a handbag at auction, set in 2021.

Rhea Anastas

Rhea Anastas, an art historian, critic, and curator, publishes a critical essay challenging the dominance of market-driven values in contemporary visual art. She argues that the art world's focus on auction prices, luxury investment, and professional categorization has obscured the true purpose of artistic practice, which she sees as rooted in experimental culture, Black culture, performance, and film. Anastas condemns the past two decades as marked by dishonesty, particularly regarding how art history and criticism have been built on white-on-Black dispossession and violence. She calls for an end to the commodification of artists' lives and works, advocating instead for attention to non-visible practices, critique, and embodiment.

Can Three Auction Houses Sell $2.6 Billion Worth of Art in One Week?

The New York Times reports that three major auction houses are poised to sell $2.6 billion worth of art in a single week during the spring season, driven by five luxury artworks. The sales are among the most anticipated in years, with major buyers shifting focus away from female and younger artists toward more traditional, established names.

Uncertainty, But Also Optimism, Mark New York Art Week

New York Art Week in May will feature high-value auction items and several major private collections going to market, serving as a key indicator of the art market's health amid current economic and political uncertainty. The event brings together galleries, auction houses, and collectors for a concentrated period of sales and exhibitions.

Wohin im Westen?

The article guides readers through the Gallery Weekend Berlin in the western part of the city, specifically along Fasanenstraße and Savignyplatz. It highlights classic modern works, major contemporary names, and paintings that oscillate between pathos, poetry, and doubt. The route includes a stop at the gallery of Wolfgang Werner, which is celebrating its 35th anniversary in Berlin, and references the area's long tradition of art dealing, with institutions like the Literaturhaus and auction house Grisebach.

Asian Spring 2026: dates and program of the Parisian art festival for lovers of Asia

The 9th edition of Printemps Asiatique (Asian Spring) will take place from June 3 to 12, 2026, across Parisian galleries, museums, and auction houses. Modeled on New York’s Asia Week and London’s Asian Art, the festival features a shared calendar of exhibitions, tours, talks, and auctions, with nearly thirty galleries, ten museums and art venues, and thirteen auction houses participating. This year, Korea is the spotlight country, with dedicated exhibitions and artistic itineraries. Key venues include the Musée National des Arts Asiatiques - Guimet, Musée Cernuschi, Musée des Arts Décoratifs de Paris, and Musée du Louvre, alongside auction houses such as Christie's, Sotheby's, Bonhams, and others.

New York’s ‘Chaotic’ Mega Auction Season Ends on a Mixed Note

New York’s mega auction season concluded with mixed results, characterized by volatility and unpredictability. Major auction houses like Christie’s, Sotheby’s, and Phillips held high-stakes sales of Impressionist, modern, and contemporary art, with some lots exceeding expectations while others failed to sell or fell short of estimates. The season was marked by a ‘chaotic’ atmosphere, reflecting shifting collector preferences and market uncertainty.

Shaohua Nong | Shaohua Nong Animal Original Oil On Canvas "Twain II… (2015) | For Sale

Chinese artist Shaohua Nong (b. 1960, Linfen, Shanxi) is offering an original oil on canvas titled "Twain II" (2015) for sale at US$1,300 through the gallery Sojourner in New York. The 25 × 37 inch painting is hand-signed, includes a certificate of authenticity, and is listed on Artsy with a money-back and authenticity guarantee. Nong, a member of the Shanxi Branch of Chinese Artists Association, has exhibited widely in China and internationally, including at Hong Kong ART CENTRAL Art Fair, Shangshang Art Museum in Beijing, and the Nanjing International Art Exhibition.

20th edition of Hammer Days

20e édition des Journées Marteau

The 20th edition of the Journées Marteau (Hammer Days) will take place from May 26 to 31, 2026, across Paris and France. Organized by the Symev, the event invites the public to discover how auctions work and to have objects, jewelry, and artworks appraised. For this anniversary edition, auctioneers are highlighting the color red through a curated selection of lots, while workshops, conferences, and meetings will illuminate the mechanisms of the art market.

'Parallel Route 01' at Alzueta Gallery, Séneca, Barcelona, Spain on 2–30 Jun 2026

Alzueta Gallery in Barcelona is presenting the exhibition 'Parallel Route 01' from June 2 to 30, 2026. The gallery, founded by Miquel Alzueta, operates from five locations and runs a program of exhibitions, art fairs, and artist residencies.

With sanctions on Iranian art, buyers are turning to India

The article reports a significant shift in the Islamic art market, where traditional Persianate works from Iran are declining in sales and value, while art from India and historic Arab polities is rising. At Sotheby's April 2025 sale, 14 of 27 Persian works went unsold, continuing a long-term slump. Key factors include U.S. sanctions on Iran that restrict export of Iranian-origin works, aging collectors, maturing museums, and a generational shift away from classical art toward contemporary pieces. In contrast, Mughal art from India is experiencing a steady price increase, reflecting the repositioning of the market away from Persianate mainstays.

Meet new curator and concept of the Off white Charity Auction 2018

The 5th anniversary edition of the Off White contemporary art charity auction, organized by the Cosmoscow International Contemporary Art Fair, will take place on June 8, 2018, in partnership with Phillips auction house. For the first time, the auction will be curated by international curator Leopold Thun, co-runner of Emalin gallery in London, who will introduce a new concept, date, venue, and international perspective. Proceeds will benefit the Cosmoscow Foundation for Contemporary Art.

From Auction Spotlight to International Stages: Catching Up with Natalia Lashkhi, BI Auction Winner and Rising Art Voice

Georgia Today interviews Natalia Lashkhi, winner of the 2020–2021 BI Auction Competition for Young Artists, organized by the BI Auction House in Georgia. Lashkhi discusses how the award provided early exposure, sales to collectors, and a career springboard, leading to international exhibitions, residencies in Germany, Malta, and Lithuania, and her works entering private collections across multiple countries. Since 2024, she has also become a lecturer at the Apollon Kutateladze Tbilisi State Academy of Art.

Humanoid robot Ai-Da that sold first robot art at auction for over $1 million now says it's not aiming to ‘replace human artists’

The humanoid robot Ai-Da, one of the most advanced in the world, unveiled a new oil painting titled "Algorithm King" at the United Nations' AI for Good summit in Geneva. The portrait depicts King Charles III and was created using artificial intelligence algorithms. Late last year, Ai-Da made history when its portrait of Alan Turing became the first artwork by a humanoid robot sold at auction, fetching over $1 million. The robot, created in 2019 by a team led by Aidan Meller with specialists from the universities of Oxford and Birmingham, is designed to resemble a human woman with interchangeable robotic arms.

At Art Basel, the Market Hopes for a Recovery

Art Basel 2025 opens on June 19 amid economic and political uncertainty, with collectors exercising caution. The contemporary art market is still recovering from a 12% contraction in 2024, when auction sales dropped 25%. High-end transactions suffered most, while sales under $250,000 rose 17%. The fair expects 200 exhibitors, down from last year's 91,000 visitors. Sotheby’s May modern art auction in New York also posted lukewarm results, barely exceeding the low estimate.

Liu Dan’s Chinese ink art with Western influences on show in Hong Kong

Leading contemporary Chinese ink artist Liu Dan is holding his largest solo show to date at Phillips’ space in Hong Kong’s West Kowloon Cultural District. The selling exhibition, titled “Liu Dan: Morphogenesis,” features 26 Chinese ink and watercolour works created over four decades, with a focus on Taihu stone—a perforated limestone from Suzhou that has long inspired Chinese scholars. The centerpiece is “Taihu Rock aka ‘Yu Ling Long’ (from Yu Garden, Shanghai) (2024),” priced at HK$10 million (US$1.3 million), the highest in the show. The exhibition runs until May 12.