li hei di market analysis

Li Hei Di, a young Chinese-born painter based in London, has emerged as one of the most closely watched artists in the ultra-contemporary market despite its recent downturn. Since joining Pace Gallery in September 2024 as its youngest artist, Li's works have appeared at auction 12 times, with eight sales in Hong Kong. Nearly every lot has exceeded expectations, often doubling or tripling high estimates. A standout was the painting *There Was One Summer Returning Over and Over; There Was One Dawn I Grew Old Watching* (2023), which sold at Sotheby's Hong Kong for HK$2.67 million—more than double its high estimate—setting a new auction record. Auction specialists and dealers emphasize that Li's market reflects a slow, sustained buildup rather than a speculative spike, with bidding and buying activity spanning Asia, Europe, and the United States.

tiffany birches irises sale christies

Christie's will auction a collection of Tiffany Studios glassworks on December 12 at its Rockefeller Center headquarters, led by works from the collection of literary agent Albert Zuckerman. The star lot is the landscape window "Birches and Irises" (estimate $400,000–$600,000), alongside a daffodil chandelier ($300,000–$500,000) and a tulip floor lamp ($100,000–$150,000). The sale also includes pieces from other private collections, such as a rare landscape floor lamp estimated at $500,000–$700,000.

frieze los angeles 2026 exhibitor list

Frieze Los Angeles has announced its 2026 exhibitor list, featuring 95 galleries from 22 countries at the Santa Monica Airport, running from February 26 to March 1. The lineup includes blue-chip names like Gagosian, Hauser & Wirth, and David Zwirner, alongside local staples such as Commonwealth & Council and David Kordansky Gallery. First-time participants include El Apartamento, Bradley Ertaskiran, and Sprüth Magers returns after a hiatus. The Focus section, curated by Essence Harden, highlights galleries under 12 years old. Notable absentees include Marian Goodman Gallery, Bortolami, and Sean Kelly, while five galleries that participated in 2025 have since closed. The fair follows a challenging 2025 edition impacted by LA wildfires, which prompted withdrawals and a charity initiative.

dyala nusseibeh director of abu dhabi art on the gulf market a hugely important chapter ahead of us

Abu Dhabi Art Fair returns for its 17th edition from November 19–23 on Saadiyat Island, featuring 140 galleries from 35 countries—up from 104 last year and 40 in 2009. Under director Dyala Nusseibeh, the fair introduces new thematic sectors including 'The Collectors Salon' for historical objects, an expanded 'Emerge' section for works under $3,000, and a Global Focus highlighting modern masters from Nigeria and Türkiye. The growth reflects Abu Dhabi's broader cultural strategy of ambitious development, with museums long in the works finally opening and attracting global attention.

armory show 2025 exhibitor list

The Armory Show has announced its 2025 exhibitor list, featuring over 230 galleries set to participate in the fair from September 5–7 at the Javits Center in New York, with a VIP preview on September 4. This edition marks the first under new director Kyla McMillan, who has introduced a revised floor plan, a new section called Function organized by dealer Ebony L. Haynes, and a reconfiguration of the large-scale works Platform section led by Souls Grown Deep. More than 20 exhibitors are returning after a hiatus, including White Cube and Andrew Kreps, while 55 galleries are participating for the first time, such as Skarstedt and Megan Mulrooney.

Landmark Works Lead Cowley Abbott’s Sale of Indigenous and International Art

Cowley Abbott is staging its major spring sale, 'Select Masterworks of Indigenous and International Art,' at the Globe and Mail Centre in Toronto on May 27. The auction features a diverse range of works, including Pierre-Auguste Renoir's 'Paysage du Midi' (ca. 1900), Vincent van Gogh's 'Homme à la Pipe: Portrait du Docteur Gachet' (1890), Philip Russell Goodwin's 'Camping – Canadian Club' (1916), Emily Carr's 'Wind' (1936), and Lawren Stewart Harris's 'Above Coldwell Bay, North Shore, Lake Superior (Lake Superior Sketch XV)' (1925), with estimates ranging from CA$150,000 to CA$700,000.

Louis Vuitton revives Keith Haring collaboration at lavish New York show

Louis Vuitton staged a lavish fashion show at the Frick Collection in New York, reviving a collaboration with the estate of artist Keith Haring. The collection, designed by Nicolas Ghesquière, featured Haring's signature motifs on classic LV handbags and was presented in the museum's marble galleries. The event also marked a three-year sponsorship deal, with Louis Vuitton funding exhibitions, public access, and a curatorial position at the Frick, including rebranded free entry evenings as Louis Vuitton Free Fridays.

Marian Goodman’s $35.1 M. Richter ‘Candle’ Leads Christie’s Tepid $162.7 M. Trio of Postwar and Contemporary Sales

Christie’s New York held a trio of postwar and contemporary art evening sales on Wednesday night, totaling $162.7 million with fees, just meeting expectations. The auction was led by a Gerhard Richter painting, *Kerze (Candle)*, which sold for $35.1 million, and featured a collection of eight Richter works from the estate of revered dealer Marian Goodman, which collectively hammered at $66 million. Other highlights included a Donald Judd stack from the estate of collector Henry S. McNeil, selling for $12.8 million, and a Richter *Mohn (Poppy)* that achieved $20.1 million. Only one lot, an Ed Ruscha canvas, failed to sell.

Gerhard Richter ‘Candle’ From Estate of Revered Dealer Marian Goodman Falls Short of a Record at $35.1 M.

A Gerhard Richter painting, *Kerze (Candle)* (1982), from the estate of the late dealer Marian Goodman sold at Christie’s on Wednesday evening for $35.1 million (with fees), falling short of the artist’s $46.3 million record set over a decade ago. The lot, estimated at $35–$50 million, was guaranteed by a third party and drew a hammer price of $30 million after less than two minutes of subdued bidding. Goodman, who represented Richter for decades until he left for David Zwirner in 2022, had purchased the work directly from the artist in 1989 and held it for nearly 40 years. The painting was one of eight Richter works from Goodman’s estate offered in the combined “Marian’s Richters & 21st Century Evening Sale.”

Behind Christie’s $1 B. Blockbuster Result, the Market Still Looks Uneven

Christie’s New York achieved over $1 billion in sales during a two-part evening auction, led by Jackson Pollock’s *Number 7A, 1948* which sold for $181.2 million. The sale, the first billion-dollar night since the Paul G. Allen collection in 2022, also saw records for other works and active bidding from a small group of buyers, including dealer Jeffrey Deitch. However, the blockbuster results mask a more cautious middle market, where works priced between $100,000 and $1 million remain slow to sell.

Sold-out Phillips auction in New York brings in $115.2m, more than double 2025 result

Phillips’s marquee spring auction in New York achieved a sold-out result, bringing in $91.73 million hammer ($115.2 million with fees), more than double the equivalent sale from a year ago. The top lot was Andy Warhol’s *Sixteen Jackies* (1964), which sold for $13.5 million ($16.2 million with fees), while a Jackson Pollock drip painting that had failed to sell in a previous auction found a buyer at $7.4 million. Fierce bidding occurred for contemporary works by artists with tightly controlled primary markets, such as Salman Toor, whose *Two Friends* (2020) surpassed its high estimate.

Megadealer Larry Gagosian Is the Subject of Unauthorized Documentary In the Works from Director Barry Avrich

Director Barry Avrich is producing an unauthorized documentary titled "Shadow Man: Inside The Secret World of Larry Gagosian" about the legendary art dealer. The film, confirmed by Avrich via email, promises to feature interviews with former employees and artists sharing insider stories about Gagosian's rise from selling posters on LA streets to running a global gallery empire with 18 locations. Avrich previously directed art-world documentaries including "Made You Look: A True Story About Fake Art" about the Knoedler & Co. forgery scandal and "Blurred Lines: Inside the Art World."

Frieze New York marks 15th edition with expanded international reach

Frieze New York marks its 15th edition from 13-17 May at the Shed, featuring 68 galleries from over 25 countries. The fair includes 57 exhibitors in the main section and 11 in Focus, with nearly half maintaining a New York location. First-time participants include Europa, Sargent’s Daughters, Soft Opening, Ulrik, and W-galería. Latin American representation has grown significantly, with 14 galleries from the region, including Campeche from Mexico City, Isla Flotante from Buenos Aires, and Central from São Paulo. Christine Messineo, Frieze’s director of fairs for the Americas, highlights the fair’s increasingly international scope and the strong Brazilian contingent.

A $35 M. Warhol, a $45 M. Basquiat, and More: Who’s Selling The Top Works in the May Sales?

The article reports on the upcoming May marquee sales at Christie’s and Sotheby’s, detailing high-value consignments from major collections. Christie’s will offer works from the estates of S. I. Newhouse (including a Brâncuși sculpture and a Jackson Pollock painting, each estimated at $100 million), former MoMA board president Agnes Gund (a Rothko estimated at $80 million), and the late dealer Marian Goodman (a Gerhard Richter estimated at $50 million). Sotheby’s counters with a Rothko from the collection of the late Robert Mnuchin (estimated at $100 million) and works from David and Shoshanna Wingate, including a Giacometti sculpture. The article also reveals previously unnamed consignors for top lots, such as collector John Sayegh-Belchatowski for a $45 million Basquiat and the Moore family for an Elizabeth Peyton painting.

Under new ownership, Art Monte Carlo voices 'global ambitions'

The 10th edition of Art Monte Carlo took place from April 29 to May 1 in the Grimaldi Forum, featuring 26 exhibitors ranging from Old Master paintings to contemporary works by Picasso, Warhol, and Richter. The fair was acquired last year by Informa Prestige, a luxury offshoot of Informa, which also owns Miami's Untitled fair. Executive chair John Paton aims to grow the fair, nearly double its size within two years, and expand to another location, leveraging complementary audiences from yachting and supercars.

King Charles Visits Christie’s in New York, After White House Dinner

King Charles III and Queen Camilla made a surprise visit to Christie’s headquarters in New York on April 29, 2026, following a White House dinner and address to Congress. They attended a gala for the King’s Trust, a charity supporting young people from disadvantaged backgrounds, rather than bidding on auction lots like a $100 million Jackson Pollock or a $60 million Roy Lichtenstein. The event, co-chaired by Lionel Richie, drew guests including Martha Stewart and Anna Wintour, and featured a dinner in the James Christie Room. Christie’s CEO Bonnie Brennan curtsied to the king, and the royals viewed the new rostrum designed by Jony Ive, set to debut in New York during Christie’s May marquee week.

Minnie Pwerle, Emily Pwerle, Molly Pwerle, Galya Pwerle at Château Shatto

Château Shatto gallery in Los Angeles is presenting a group exhibition featuring works by Minnie Pwerle, Emily Pwerle, Molly Pwerle, and Galya Pwerle, four Indigenous Australian artists from the Anmatyerre community. The show highlights their distinctive painting styles, which often draw on ancestral stories and bold abstract patterns, continuing the legacy of Aboriginal art in a contemporary gallery context.

Private Sales Are Surging as Auction Houses Lean into Exclusive, Experience-Led Selling

Sotheby's and Christie's are increasingly turning to private, invitation-only sales to move high-value artworks, bypassing the traditional auction model. Sotheby's recent "The Apartment" exhibition in London, featuring works by David Hockney, George Condo, and Jean-Michel Basquiat, sold half its $40 million inventory before the public even saw it. Christie's reported that its three most expensive paintings sold in 2025 were all private transactions, with the house trading $1.5 billion privately last year—nearly a quarter of its global sales.

Rare Medieval Seal Rediscovered After 40-Year Disappearance

A rare 11th-century wax seal belonging to the Anglo-Saxon king Edward the Confessor has been rediscovered in France’s National Archives after being missing for over 40 years. The artifact, known as the Saint-Denis seal, was not stolen but rather misplaced due to a clerical error during a conservation transfer decades ago. It was identified by doctoral student Guilhem Dorandeu, who noticed the misfiled item while conducting research.

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.

Works from Marian Goodman’s Collection to Anchor Christie’s May Sales

Christie’s has announced that it will auction works from the personal collection of the late legendary dealer Marian Goodman during its May marquee sales in New York. The collection is headlined by seven paintings by Gerhard Richter, including the iconic 1982 work *Kerze (Candle)*, which carries an estimate of $35 million to $50 million. The total group of works from Goodman’s Manhattan home is expected to realize approximately $65 million.

Paying tribute to storied printmaker Kenneth Tyler at the IFPDA Print Fair

The International Fine Prints and Drawings Association (IFPDA) Print Fair at the Park Avenue Armory is honoring the legacy of master printer Kenneth E. Tyler. A central highlight of the event is the presentation by the National Gallery of Australia (NGA) of a new three-volume catalogue raisonné documenting Tyler Graphics from 1986 to 2001. The 94-year-old Tyler, a foundational figure in American printmaking, collaborated with titans of Modern art including Robert Rauschenberg, Helen Frankenthaler, and Roy Lichtenstein across his storied career at Gemini GEL and Tyler Graphics.

The Dealers: Marta Makes Magic

The article profiles Marta, a prominent art dealer in Los Angeles, highlighting her recent activities and influence within the contemporary art scene. It details her gallery's program, her relationships with artists, and her specific curatorial approach that has garnered significant attention.

Which Artists Are Insiders Searching For? After 10 Years, Not Much Has Changed

Artnet's Price Database analysis reveals that the most-searched artists by its users have remained remarkably consistent over the past decade. Pablo Picasso, Andy Warhol, and Marc Chagall continue to hold the top three positions, with David Hockney and Yayoi Kusama joining the list, while Salvador Dalí and Lucio Fontana have dropped off.

massive 44 foot long david hockney print to headline christies spring prints season in london

Christie’s London has announced that David Hockney’s monumental print 'Autour de la maison, été' (2019) will headline its spring prints season. Measuring nearly 40 feet long and printed on a single sheet of paper, the work depicts the artist’s Normandy estate with a high estimate of £300,000 ($400,000). The piece is noted for its cinematic scale and narrative structure, drawing direct inspiration from the medieval Bayeux Tapestry.

Gerhard Richter Church Windows

gerhard richter church windows

Gerhard Richter has been commissioned to design three stained-glass windows for Tholey Abbey in Saarland, Germany's oldest monastery church. The 87-year-old artist's designs will be unveiled in September, with the final installation expected by summer 2020 as part of the abbey's broader restoration. The project is being funded by a private investor and includes a collaboration with Richter’s longtime creative partner, the Estonian composer Arvo Pärt.

450 million newhouse trove heads to christies led by 100 million pollock

Christie’s has secured a prestigious collection of 35 to 40 artworks from the estate of the late media mogul S.I. Newhouse, valued at approximately $450 million. Scheduled for the May auction season, the selection is headlined by Jackson Pollock’s drip painting 'Number 7' (1948) and Constantin Brancusi’s bronze sculpture 'Danaïde' (1913), both estimated at around $100 million. The consignment marks the fourth time Christie’s has handled material from the Newhouse estate, which has previously set records for artists like Jeff Koons.

christies triple header 20th and 21st century evening sales nets 265 m as london proves its still a draw to collectors

Christie’s London achieved a robust £197.5 million ($265 million) across a triple-header of evening sales, including the 20th/21st Century, Art of the Surreal, and the Vanthournout Collection auctions. The evening was headlined by a record-breaking £26.3 million sale of Henry Moore’s bronze sculpture 'King and Queen', alongside new auction highs for Surrealist artists Toyen and Dorothea Tanning. Despite some pre-sale withdrawals and a marathon four-hour runtime, the house achieved a 96 percent sell-through rate by lot.

AI Art Copyright Supreme Court Ruling

ai art copyright supreme court ruling

The U.S. Supreme Court has declined to hear an appeal from computer scientist Stephen Thaler, effectively upholding lower court rulings that AI-generated artwork cannot be copyrighted. The case centered on a 2012 digital work titled "A Recent Entrance to Paradise," which Thaler claimed was created autonomously by his AI system, DABUS. By refusing the case, the court leaves in place the U.S. Copyright Office's stance that copyright protection requires "traditional human authorship."

christies anime manga new york sale

Christie’s is launching its first New York auction dedicated to Japanese anime and manga, titled "Anime Starts Here: Japanese Subculture Reimagines Tradition." Scheduled for March 18–31 during Asian Art Week, the online sale features over 40 lots including original production cels from Hayao Miyazaki’s films, manga drawings by Tezuka Osamu, vintage Godzilla posters, and Hokusai prints. Most items are priced accessibly, with many estimates falling below $3,000.