Picasso Achieves HK$197 Million Breaking Artist's Asia Auction Record at Christie's Hong Kong Evening Sale - Christie's

Christie's Hong Kong held its 20th/21st Century Evening Sale on 26 September 2025 at The Henderson, achieving a total of HK$565,649,000 (US$73,038,183). The top lot was Pablo Picasso's *Buste de femme*, which sold for HK$196,750,000 (US$25,404,911) after over 15 minutes of bidding, setting a new auction record for the artist in Asia. Zao Wou-Ki's *17.3.63* also performed strongly, achieving HK$85,200,000. The sale saw 92% of lots sold, with the overall hammer price 116% above the low estimate, and works by Chinese, Southeast Asian, Korean, and Japanese artists all sold out.

Picasso or Bitcoin? How art’s status is changing among the super-rich

Christie's and Sotheby's reported nearly flat first-half 2025 sales of $2.1bn and $2.2bn respectively, with Christie's 20th/21st-century art sales down 2% but luxury up 29%. The Mei Moses Art Index shows over 50% of auction lots sold at negative compound annual returns, which analyst Michael Moses calls 'the worst overall financial performance in the 21st century.' Meanwhile, Bitcoin, gold, and stocks have significantly outperformed art, with BlackRock's Bitcoin ETF alone attracting $84bn—far exceeding the global art market's total value. A record $43.9m Canaletto sale to a Bezos-linked buyer underscores that top-tier works still command attention, but the broader trend suggests wealthy investors are prioritizing financial returns over art as a status symbol.

Luxury Art Gallery Debuts in Nashville, Launches Profound Exhibit Exploring Shared Culture

CASS Contemporary, a Tampa-based luxury art gallery, opened its new Nashville location in the Wedgewood-Houston neighborhood on September 12, 2025, with a grand opening event. The gallery launched its inaugural group exhibition, "CLTRL CNTXT," featuring eight artists from eight countries, including Florian Eymann, Michal Mraz, and Faith47, running through November 7. Founded by Cassie and Jake Greatens over a decade ago, CASS Contemporary has expanded from a gallery into art consulting and management, serving high-profile clients such as celebrities, athletes, and developers.

A century of Art Deco celebrated at Sarasota Art Museum

Sarasota Art Museum will present "Art Deco: The Golden Age of Illustration" from August 31, 2025, through March 29, 2026, celebrating the 100th anniversary of the style's debut at the 1925 Exposition Internationale des Arts Décoratifs et Industriels Modernes in Paris. The exhibition features 100 rare posters from the 1920s and 1930s drawn from the William W. Crouse Collection, one of the world's most important private collections of Art Deco posters, with works by artists including A. M. Cassandre, Leonetto Cappiello, and Paul Colin. Alongside the posters, the show includes sculptural pieces, vintage cocktail shakers, and furniture from The Wolfsonian-Florida International University, highlighting the luxurious materials and modern design of the Machine Age.

Combine art with nature at these local sculpture parks and trails

This article highlights several outdoor sculpture parks and trails in Luxembourg where visitors can experience art integrated with nature. It features the Domaine Mondorf park in Mondorf-les-Bains, which houses 21 sculptures by local and international artists, including works by Wil Lofy, Lucien Wercollier, and Catherine Lhoir. The sculpture trail in Lultzhausen, established in 1999, showcases site-specific stone works by artists like Georg Ahrens, Ton Kalle, and Bertrand Ney, designed to harmonize with the landscape around the Upper Sûre reservoir.

Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales at Sotheby's, Christie's, and Phillips fell to $3.98 billion in the first half of 2025, a 6% decline from the same period in 2024 and the lowest total in at least a decade excluding the pandemic. Postwar and contemporary art, the traditional growth engine, dropped 19%. ArtTactic cites lingering concerns over global economic growth, inflation, and geopolitical tensions as dampening confidence, even as wealthy individuals' personal wealth and stock markets reach record highs.

The art market bites back as estimates fail to score

Sotheby’s, Christie’s and Phillips raised a combined $1.27bn from their May 2025 marquee auctions of Modern and contemporary art in New York, an 8% decline from the same period last year, according to data from London-based auction analysts Pi-eX. The highest-priced lot, Alberto Giacometti’s 1955 bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70m, failed to sell, while Andy Warhol’s *Big Electric Chair* (1967), valued at $30m, was withdrawn before Christie’s auction to avoid a similar fate. The downturn is attributed to geopolitical uncertainty under Donald Trump’s presidency, including tariffs announced on April 2, which have unsettled buyer confidence.

SLEEK Art Space: Ingeborg Lüscher

Visual artist Ingeborg Lüscher, celebrated as the grand dame of contemporary art, opens an exhibition at SLEEK Art Space on 26 June. In an interview with art historian Sebastian C. Strenger, she discusses her career trajectory from actress to artist, her influences from Fluxus and Nouveau Réalistes, and pivotal moments such as the Prague Spring in 1968 and encountering Joseph Beuys's work. Lüscher was featured at Documenta in 1972 and 1992, the Venice Biennale in 2001, and recently received the Hans Platschek Prize for Art and Writing. Her current exhibition, The Magnificent Seven⁺, is also on view at Galerie BASTIAN Paris, with a forthcoming show at the Centre Culturel Suisse.

Basquiat masterpiece expected to fetch $15m at Sotheby’s auction

A rare, untitled 1981 Jean-Michel Basquiat painting, unseen for over three decades, will headline Sotheby’s Contemporary Evening Auction in New York this May, with an estimate of $10–15 million. The work, created when Basquiat was 20, captures his transition from street art to international fame and has been held in the same private collection since 1989. The auction also features pieces from Barbara Gladstone’s collection, the Roy Lichtenstein Foundation, and works by Lucio Fontana, Robert Rauschenberg, and Pablo Picasso.

“Gucci Memoria” at Chiostri di San Simpliciano, Milan

During Fuorisalone 2026, Gucci presents "Gucci Memoria," an immersive exhibition curated by Demna at Milan's Chiostri di San Simpliciano. The project traces the House's 105-year history through a continuous narrative of installations across the cloisters, reflecting its evolving identity while staying rooted in its Florentine origins.

CULTIVATING A VIRTUAL GARDEN LEO CASTANEDA'S NEW INTERACTIVE DIGITAL WORK

CULTIVATING A VIRTUAL GARDEN LEO CASTANEDA S NEW INTERACTIVE DIGITAL WORK

The Whitney Museum of American Art has launched a new interactive digital artwork titled 'Camoflux Recall Grotto' by artist Leo Castañeda. Commissioned for the Whitney Biennial 2026, the web-based game invites players to cultivate a garden within a surreal, primordial landscape inspired by the Amazon and the Everglades, blending organic and technical infrastructures.

Russia and Israel cannot win any prizes at the next Venice Art Biennale 2026. The jury takes a stand

Russia e Israele non potranno vincere nessun premio alla prossima Biennale Arte di Venezia 2026. La giuria prende posizione

The international jury for the 61st Venice Biennale, led by Solange Farkas, has unanimously declared it will not consider countries whose leaders are currently accused of crimes against humanity by the International Criminal Court. This means Russia and Israel are excluded from competing for the Golden Lion awards, including Best National Participation and Best Artist. The jury's statement, published on e-Flux Notes, emphasizes the Biennale's historical role as a platform connecting art with contemporary urgencies and acknowledges the complex relationship between artistic practice and state representation.

Statement of Resignation

The international jury for the 61st edition of La Biennale di Venezia, titled “In Minor Keys” and curated by Koyo Kouoh, has resigned as of April 30, 2026. The jury members—Solange Oliveira Farkas, Zoe Butt, Elvira Dyangani Ose, Marta Kuzma, and Giovanna Zapperi—cite their earlier Statement of Intention issued on April 22, 2026, as the basis for their collective resignation.

Ethics and Parafiction: A Conversation

Ethics and Parafiction: A Conversation

e-flux Screening Room hosted an event featuring artist and filmmaker Salomé Lamas on December 6, 2025. The program included screenings of her films 'Eldorado XXI' (2016) and 'Gold and Ashes' (2025), a presentation of her related publication, and a public conversation with curator Lukas Brasiskis. The published transcript focuses on Lamas's filmmaking process, particularly the logistical and ethical challenges of shooting in extreme locations like La Rinconada, Peru.

From street art to sculpture parks: how Dubai is becoming an open-air gallery

Dubai has transformed into an open-air gallery through initiatives by Brand Dubai, Dubai Culture, and government entities, fulfilling a 2018 vision by Sheikh Mohammed bin Rashid Al Maktoum. The city now features murals, sculptures, and street art in neighborhoods like Karama and Satwa, alongside dedicated art zones such as Alserkal Avenue and Dubai Design District. Art festivals including Art Dubai, Sikka Art & Design Festival, Quoz Arts Fest, Dubai Design Week, and the newly launched Bluewaters Art Festival further enrich the public art landscape, making visual art accessible without tickets.

The Works of Alfredo Pirri for the Very First Exhibition of the Polytropon Arts Center in Tuscany

Le opere di Alfredo Pirri per la primissima mostra del Polytropon Arts Center in Toscana

The Polytropon Arts Center, founded by Greek-born architect Maria Papadaki Badanjak, opens its inaugural exhibition "Quello che avanza" featuring works by Italian artist Alfredo Pirri. The venue, a converted former spinning mill located between Pelago and Pontassieve near Florence, hosts the show through June 21, 2025. The exhibition includes 144 cyanotypes created between 2014 and 2017, along with Pirri's "Arie" series in plexiglass, crystal, feathers, and colors. The show is accompanied by a musical program curated by artistic director Andrea Cavallari, with concerts scheduled for May 17 and June 21. Pirri and Cavallari previously collaborated in 2019 at the Museo Novecento in Florence as part of the "Firenze Suona Contemporanea" festival.

The Great Festival of Contemporary Creativity in Parma Celebrates Its First 10 Years: The Events to See

Il grande festival di Parma sulla creatività contemporanea festeggia i suoi primi 10 anni: gli eventi da vedere

The Parma 360 Festival, a major contemporary creativity festival in Parma, Italy, celebrates its tenth edition with the theme "Lux. Visioni sulla Luce" (Lux: Visions of Light). Curated by Chiara Canali and Camilla Mineo, the festival features five exhibitions across special city locations, transforming Parma into a diffuse museum. Highlights include Antonio Barrese's "Morphology Light. Viaggio nella forma della luce" at Galleria San Ludovico, exploring light as plastic matter, and Michael Kenna's photographic exhibition "Il fiume Po. Scritture di luce" at Palazzo Pigorini, capturing the Po River through contemplative black-and-white imagery. Over its nine previous editions (2016–2025), the festival has presented more than 70 official exhibitions and involved over 200 artists.

For this 2026 too, the Fuorisalone is full of fashion. Here are the events halfway between fashion and design

Anche per questo 2026 il Fuorisalone è pieno di moda. Ecco gli eventi a metà strada tra fashion e design

The 2026 Fuorisalone in Milan continues to be a major platform for the convergence of fashion and design. Numerous fashion brands are presenting immersive installations, special collections, and cultural formats across the city, transforming urban spaces into narrative environments. Key presentations include YOOX's digital installation with Keta Bart, Gucci's archival project by Demna, Prada's symposium curated by Formafantasma, and new collections from Armani, Fendi, Dior Maison, and Louis Vuitton.

Israeli Pavilion Artist Made Legal Threats Before Venice Biennale Jury Resigned

New reports reveal that Israeli Pavilion artist Belu-Simion Fainaru issued legal threats against the Venice Biennale, alleging antisemitism and discrimination after the awards jury decided to exclude Israel and Russia from consideration due to human rights charges. The jury, which included Elvira Dyangani Ose, Zoe Butt, Marta Kuzma, Giovanna Zapperi, and Solange Farkas, initially stated on April 22 it would not consider nations whose leaders are charged with crimes against humanity by the International Criminal Court. Fainaru filed legal warnings with the Biennale, the Italian Ministry of Culture, and the Prime Minister's office. The jury abruptly resigned eight days later, leading the Biennale to scrap the Golden Lion awards and institute "Visitor Lions" decided by public vote. Reports indicate the Biennale's legal department warned jurors could be personally liable for damages, and Italian Culture Minister Alessandro Giuli promised to promote Fainaru's work.

From Mallorca to St. Moritz, Art Fairs Are Meeting Collectors Where They Vacation

A new wave of high-end art fairs is targeting luxury vacation destinations like St. Moritz, Mallorca, and the Hamptons, moving beyond traditional market hubs. These events, such as the inaugural St. Moritz Art Week and Art on the Island in Mallorca, are strategically timed for the summer and winter holiday seasons to directly engage wealthy collectors during their leisure time.

Four Seasons Hotel Westlake Village Unveils Debut Exhibition Featuring Legendary Graffiti Artist Risk

Four Seasons Hotel Westlake Village is launching its first art gallery exhibition in November 2025, featuring the legendary graffiti artist RISK. The show will display works spanning his 38-year career, highlighting his signature blend of letterform, deconstruction, and layered color theory. RISK is known for pioneering graffiti on unconventional surfaces like freight trains and freeway overpasses, and his work has been exhibited at the Museum of Contemporary Art Los Angeles and Beyond the Streets China.

At West Chelsea Contemporary, Two Artists Bring Classical Archetypes Into the Present

West Chelsea Contemporary in Austin, Texas, is presenting “LUX ÆTERNA,” a joint exhibition featuring more than 40 works by Swiss visual artist Simon Berger and British artist Gary James McQueen. Berger is known for portraits created from hammered laminated safety glass, while McQueen, nephew of the late fashion designer Alexander McQueen, works with lenticular prints that shift optically. The show includes two collaborative pieces that combine their respective mediums, exploring themes of classical mythology, perception, and the nature of light.

How the GDR apron became Italian luxury

Wie die DDR-Schürze zum Italo-Luxus wurde

Italian luxury label Miu Miu has released dresses for summer 2026 that resemble 1980s East German kitchen aprons, with prices reaching up to €12,000 for crystal-embroidered versions. The collection debuted on the Paris runway in October, where actress Sandra Hüller opened the show in robust workwear, evoking factory workers from the former GDR. Designer Miuccia Prada, a former member of the Italian Communist Party, drew inspiration from Helga Paris's 1984 photo series "Frauen bei der Arbeit" (Women at Work), which documented female laborers in East Berlin's VEB Treffmodelle textile factory.

Marvel at Manabu Kosaka’s Hyperrealistic Paper Sculptures of Retro Objects

Japanese artist Manabu Kosaka creates hyperrealistic, scale replicas of everyday and retro objects using only paper. His meticulously crafted sculptures—ranging from 35mm film cameras and vintage transistor radios to luxury wristwatches and fast food—feature functional internal components like gears, levers, and moving hatches that mimic the mechanics of the original items.

Ivan Cheng “Casemates” at Mudam, Luxembourg

Mudam Luxembourg—Musée d’Art Moderne Grand-Duc Jean will present "A Journey," a performance program running throughout 2026. The series features artist Ivan Cheng with his work "Casemates," which explores cultural memory, technological progress, and embodied interpretation through the concept of a journey as both method and metaphor.

Statement of Withdrawal from Visitor Lion Awards

Open Letter on Auction of “Tributes” to the Russian Avant-Garde

An open letter signed by art historians, curators, and researchers protests an upcoming auction at Stanley's Auction House in Zaventem, Belgium, scheduled for April 23, titled “Tributes to the Russian Avant-Garde & Constructivists.” The second sale is organized in cooperation with Drouot, a major French auction platform, and offers approximately one hundred works from the so-called Toporovsky collection, which has been linked to a scandal involving forged Russian modernist paintings at the Museum of Fine Arts Ghent. The alleged suppliers, Igor Toporovsky and Olga Toporovsky, face criminal charges including the sale of 171 forged works for about €20 million, with court proceedings beginning in May in Ghent. The signatories argue that the auction, with works priced around €300 each, is deeply troubling given the pending legal case and the undisclosed consignor identity.

Bone Insurrection

Artist Rabih Mroué's text "Bone Insurrection" is being published by Film Notes in conjunction with an upcoming screening of his films and videos at the e-flux Screening Room in New York. The text is a poetic, first-person narrative that explores the physical and psychological aftermath of historical violence, framing the self as an excavation site where trauma persists in the body.

Collapse Finance, Part 2: Longevity Capitalism—Life as an Asset Class

The essay explores the emergence of "longevity capitalism," a financial and biopolitical regime where biological duration and life expectancy are treated as assets for capital accumulation. As traditional welfare systems and collective pension schemes collapse, the uncertainty of human lifespan has been transformed into a speculative frontier, with retirement security increasingly tied to volatile private equity and cryptocurrency markets.

Collapse Finance, Part 1: Introduction

The global financial landscape is undergoing a structural shift toward "collapse finance," where institutions designed to manage risk are increasingly profiting from and accelerating systemic instability. Amid geopolitical turmoil and the abandonment of green initiatives, traditional concepts of market security are unravelling, replaced by a system that monetizes uncertainty through instruments like catastrophe bonds and volatile cryptocurrencies.