Phillips' Priority Bidding drives 100% sell-through at Hong Kong evening sale, totalling US$20.5m

Phillips achieved a 100% sell-through rate at its Modern and Contemporary Art Evening Sale in Hong Kong on 27 September, totaling nearly HK$160 million (US$20.5 million). All 20 lots sold, with six works exceeding HK$10 million. The top lot was Yoshitomo Nara's *Pinky* (2000), which sold for HK$56.64 million (US$7.2 million) after its estimate was lowered from HK$60–80 million to HK$35–55 million. The sale was the first major test of Phillips' new Priority Bidding (PB) system, which offers a reduced buyer's premium to collectors who place written bids at or above the low estimate at least 48 hours before the auction. Seven lots were withdrawn and several estimates revised downward ahead of the sale, contributing to the white-glove result.

Who Are the 10 Top-Selling Living American Artists?

Artnet's Auction Price Database reveals the top 10 living American artists by auction sales value in 2024, with the U.S. art market generating $4.3 billion. The list includes Cindy Sherman ($180.9 million total sales, record $6.8 million for Untitled Film Stills), Mark Bradford ($226.6 million, record $12 million for Helter Skelter I), and Mark Grotjahn ($241 million, record $16.8 million for Untitled (S III Released to France Face 43.14)). Sherman is the only woman and photographer on the list; Bradford is the only African American and represented the U.S. at the 2017 Venice Biennale; Grotjahn is a California-based abstract painter.

'Kerry James Marshall: The Histories,' Largest-Ever UK Exhibition of the Artist Includes New Paintings Exploring Role of Black Africans in Transatlantic Slave Trade

The Royal Academy of Arts in London has opened 'Kerry James Marshall: The Histories,' the largest-ever UK exhibition of the American artist, featuring over 70 works spanning 1980 to the present. The show includes eight new paintings that confront the transatlantic slave trade and the role of Black Africans who participated in the enslavement of their own people, alongside celebrated pieces like 'A Portrait of the Artist as a Shadow of His Former Self' (1980) and 'Knowledge and Wonder' (1995), the latter displayed outside Chicago for the first time.

Best New York City art exhibitions during fall 2025

This fall 2025, New York City will see the reopening of the Studio Museum in Harlem after a seven-year closure, with a new 82,000-square-foot building designed by Adjaye Associates and Cooper Robertson. The museum will debut with a major exhibition on Tom Lloyd, archival displays, and commissions by Camille Norment and Christopher Myers. The Metropolitan Museum of Art will present the first exhibition focused on Man Ray's rayographs, featuring 60 photograms and 100 other works. The Brooklyn Museum will host New York's largest Monet exhibition in over 25 years, reuniting 19 of his Venetian paintings. The New Museum will also unveil a 60,000-square-foot expansion by OMA / Shohei Shigematsu and Rem Koolhaas, doubling its exhibition space.

Art Basel 2025

Art Basel 2025 opened with strong preview-day sales, surprising many galleries after a tough year in the art market. Dealers reported a 'buyer's market' with price reductions and flexibility, while high-priced works by Jeff Koons, Michael Armitage, Adrian Ghenie, and Frank Bowling sold. The fair introduced a new section called Premiere for works made in the past five years, aimed at easing participation for small to mid-sized galleries. Satellite fairs including Africa Basel, Liste, Volta, and Maze Design Basel also launched or celebrated anniversaries. Other highlights include the Baloise Art Prize awarded to Rhea Dillon and Joyce Joumaa, a Holbein drawings rehang at Kunstmuseum Basel, and a visa denial for artist Richard Mudariki. Qatar took center stage ahead of a new fair in 2026, and limited-edition Labubu figurines caused a frenzy at the Art Basel Shop.

Gagosian's spring show skips and rhymes through De Kooning's career

Gagosian Gallery in New York has opened "Willem de Kooning: Endless Painting," a non-chronological exhibition curated by Cecilia Alemani that spans the artist's career from 1944 to 1986. The show features institutional loans from MoMA and the Guggenheim, includes two sculptures—including the colossal bronze "Standing Figure" displayed indoors for the first time in nearly 30 years—and runs through June 14. A panel with artists John Currin and Dana Schutz will explore de Kooning's influence on May 15.

Huge Paris exhibition reveals David Hockney’s love of Van Gogh

A major exhibition at the Fondation Louis Vuitton in Paris, titled "David Hockney 25," showcases 400 works by the British artist, with a focus on the past 25 years of his career. The show highlights Hockney’s deep admiration for Vincent van Gogh, featuring a section called "The Great Wall" that includes 29 Van Gogh reproductions alongside works by other artists. Key pieces on display include Hockney’s portrait of his partner Jean-Pierre Gonçalves de Lima, inspired by Van Gogh’s "Sorrowing Old Man," and iPad drawings echoing Van Gogh’s sunflower still lifes. The exhibition runs until 31 August.

At Sotheby’s, a $70M Giacometti Fails to Sell While Works By Munch and Cézanne Ignite Buyer Excitement

Sotheby’s Modern Evening Auction on May 13, 2025, achieved $186.4 million in sales but was overshadowed by the failure of its headline lot: Alberto Giacometti’s hand-painted bronze bust *Grande tête mince (Grande tête de Diego)*, estimated at $70 million. The work, consigned by the Soloviev Foundation, went unsold after minimal bidding, lacking a guarantee or irrevocable bid. Other highlights included a strong performance by Edvard Munch and Paul Cézanne works, with 40% of lots exceeding high estimates. Notable sales included Georgia O’Keeffe’s *Leaves of a Plant* ($12.97 million) and Alexander Calder’s *Four Big Dots* ($8.285 million), both fresh to market.

Frieze and NADA New York’s Early Sales Signal Buyer Confidence

Frieze New York opened its VIP preview on May 7, with early sales indicating cautious but steady buyer confidence amid economic uncertainty and the recent acquisition of the fair by Endeavor's former CEO Ari Emanuel. American buyers dominated, while Asian and European collectors were largely absent. Mega-galleries like Gagosian and Pace reported significant sales, including Jeff Koons's Hulk Elvis sculptures and works by Adam Pendleton and Lynda Benglis, though the atmosphere was more subdued and negotiation-friendly than in previous years.

Our Guide to New York Art Week 2025

New York Art Week 2025 is condensed into a single mega-week starting May 5, featuring major art fairs including Frieze New York, Independent, and TEFAF New York, alongside gallery openings, auction previews, and museum shows. The guide provides a day-by-day itinerary, fair overviews, and practical tips for navigating the week, emphasizing that many events are ticketed or free and do not require VIP passes.

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Phillips has announced the lineup for its October London sales during Frieze Week, headlined by Jean-Michel Basquiat's 1982 work on paper, *Untitled (Pestus)*, estimated at £3 million ($4 million). The 26-lot evening auction on October 16 also includes Andy Warhol's diamond dust portrait of Giorgio Armani (estimate £800,000), Banksy's *Kate Moss* (estimate £1 million), and works by Jadé Fadojutimi, Flora Yukhnovich, Damien Hirst, Anish Kapoor, Sasha Gordon, and Emma McIntyre. A day sale on October 18 features pieces by Keith Haring, Warhol, Basquiat, Anselm Kiefer, and Yoshitomo Nara.

Sinners, Maurizio Cattelan Is Taking Confession

Maurizio Cattelan has launched a participatory artwork and sales campaign titled 'The Confessional,' where people can call a hotline to submit their sins for his consideration. Selected participants will be invited to a livestreamed event on April 23 where Cattelan, acting as a priest, will absolve them. The project is tied to the re-release of his controversial 1999 sculpture 'La Nona Ora,' a miniature wax figure of Pope John Paul II struck by a meteorite.

A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix

A New Series on Frida Kahlo and Diego Rivera Is Heading to Netflix

Netflix has announced a new series focusing on the turbulent relationship and artistic partnership between Frida Kahlo and Diego Rivera. The project, adapted from Claire Berest's biography, will be co-directed by Mexican filmmakers Patricia Riggen and Gabriel Ripstein and aims to present the story through a specifically Mexican and feminine perspective, exploring their politics and infamous love affairs.

Weekly News Roundup: April 16, 2026

The art landscape in Asia is undergoing significant shifts with Art Basel renewing its five-year commitment to Hong Kong and the Centre Pompidou announcing a June opening for its new Seoul branch. Meanwhile, the Ayala Foundation unveiled designs by architect Kulapat Yantrasast for Kontempo, a major new contemporary art center in Manila slated for 2028, and the Kochi-Muziris Biennale appointed Jitish Kallat as president following the resignation of cofounder Bose Krishnamachari.

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A new museum dedicated to M. F. Husain, one of India's most important modernist artists, will open in Doha, Qatar, on November 28, 2025. Officially named Lawh Wa Qalam: M. F. Husain Museum, it is operated under the Qatar Foundation and will be the first museum devoted solely to Husain. The 32,300-square-foot institution, designed based on a 2008 sketch by the artist, will house a newly formed permanent collection spanning paintings, tapestries, photographs, films, installations, and poetry. Highlights include a series of paintings on Arab civilization commissioned by Sheikha Moza bint Nasser and Husain's final work, *Seeroo fi al ardh* (2009), which will have its own gallery. The museum is located in Doha's Education City, home to several US university outposts.

London's Southbank Centre to receive £10m government funding boost

The UK government has announced a £10 million funding boost for London’s Southbank Centre as part of a broader £128 million investment package for 130 cultural venues nationwide. Administered by Arts Council England, the grant is earmarked for urgent infrastructure repairs, including fixing leaking roofs and modernizing rigging systems, coinciding with the center's 75th anniversary. Other major beneficiaries of the Creative Foundations Fund include the Baltic Centre for Contemporary Art and Firstsite gallery.

Judd Foundation Taps Copper Hewitt Curator as New Director of Design

The Judd Foundation has appointed Alexandra Cunningham Cameron as its first director of design, a new role overseeing Donald Judd Furniture LLC. Cameron, currently a curator of contemporary design at the Cooper Hewitt, Smithsonian Design Museum in New York, will start on April 27, guiding product development, operations, and strategic growth for the foundation's furniture line, which produces over 70 designs based on Donald Judd's original specifications.

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Sotheby's has increased its buyer's premiums globally, with the new fee structure taking effect on February 13. The changes mean buyers of lower-value lots will pay higher rates, with the premium for works sold in New York for up to $2 million rising from 27% to 28%. This move follows similar adjustments by rivals Christie's and Phillips, as auction houses seek to bolster revenue during a prolonged art market downturn. Sotheby's also recently raised $900 million through art-backed loans via securitization.

Closure of DePaul Art Museum leaves collection in limbo

DePaul University has announced the permanent closure of the DePaul Art Museum (DPAM) effective June 30, citing a projected $27.4m budget deficit for 2026. Despite an open letter signed by over 3,000 students and faculty, the administration is moving forward with the shutdown of the $7.8m facility that has served as a cultural anchor since 2011. Director Laura-Caroline de Lara had successfully raised funds to keep the museum operational through the current season, but the university's leadership remains committed to the closure as part of a broader cost-cutting initiative.

‘Ugly’ but ‘beautiful’: LACMA finally unveils controversial new Geffen Galleries — was it worth the wait?

The Los Angeles County Museum of Art (LACMA) has finally unveiled its new David Geffen Galleries, a $724 million concrete and glass structure designed by Swiss architect Peter Zumthor. Spanning Wilshire Boulevard, the 110,000-square-foot elevated gallery space will house 1,700 works from the museum’s permanent collection, including masterpieces by Francis Bacon, Henri Matisse, and Katsushika Hokusai. The building is scheduled to open to the public on April 19, marking the completion of a massive campus expansion that has been nearly two decades in the making.

From ‘Game of Thrones’ to ‘Downton Abbey’—Iconic Costumes Go on View in Scotland

An exhibition titled "Costume Couture: Sixty Years of Cosprop" is opening at Dovecot Studios in Edinburgh, featuring over 80 iconic costumes from major film and television productions such as 'Game of Thrones,' 'Downton Abbey,' and 'Pirates of the Caribbean.' The show, which premiered last year in London, celebrates the six-decade legacy of the renowned costume house Cosprop, founded by Oscar-winning designer John Bright.

Michaelina Wautier review – an astounding lost artist steps out of her male contemporaries’ shadows

A major exhibition at the Royal Academy is presenting the work of 17th-century Flemish painter Michaelina Wautier, an artist whose significant oeuvre was long misattributed to her male contemporaries, including her brother Charles. The show acts as a real-time art historical investigation, using scientific analysis, scholarship, and connoisseurship to reconstruct her career and assert her authorship of ambitious works like the monumental 'The Triumph of Bacchus'.

Deepen Your Creative Practice at Vermont Studio Center

Deepen Your Creative Practice at Vermont Studio Center

The Vermont Studio Center is now accepting applications for its artist and writer residencies scheduled for the first half of 2027. The program, located in Johnson, Vermont, offers two- to four-week sessions that provide private studio space, lodging, and a structured schedule including resident presentations, open studios, and a Visiting Artist & Writer program. Applications for the January–June 2027 residencies are due by March 31, 2026.

Collector Dimitris Daskalopoulos’s NEON to Conclude After ‘Having Fulfilled Its Mission’

NEON, the Athens-based contemporary art initiative founded by collector Dimitris Daskalopoulos, will conclude its activities later this year after 14 years. Its final project is a trilogy of exhibitions by artist Michael Rakowitz at the Acropolis Museum, with the last installment set for 2026. The organization also announced it has fulfilled its cultural and social mission.

The Big Review | Lacma's David Geffen Galleries ★★★★

The Swiss architect Peter Zumthor's new $724 million building for the Los Angeles County Museum of Art (Lacma), now called the David Geffen Galleries, has opened after nearly two decades of anticipation. The swooping concrete-and-glass structure is praised for its harnessing of natural light and horizontality, creating a stunning showcase for antiquities and inviting the city inside with floor-to-ceiling windows offering views of the La Brea Tar Pits and Wilshire Boulevard. The building performs best with sculpture and decorative objects, with standout works including Liz Glynn's "The Futility of Conquest" (2023) and Manjunath Kamath's "Vikatonarva" (2024).

Dealers express concern over Singapore fair merger

During Singapore Art Week, the merger of the boutique fair S.E.A. Focus into the larger Art SG fair sparked quiet concern among some participants. Dealers worry the move is a precursor to S.E.A. Focus being absorbed entirely, potentially sidelining its regional focus and making participation more expensive for Southeast Asian galleries. The future of the Singapore Biennale was also debated after a local newspaper article called for its termination.

Rare Letter Reveals Cash-Strapped Monet Once Put His Paintings Up as Collateral

A rare 1875 letter from Claude Monet, up for auction on March 25, reveals the artist secured a 1,000-franc loan by pledging 35 of his paintings as collateral. The document details his agreement to repay the loan from the proceeds of a future sale, listing specific works including the later-famous 'La Japonaise,' and highlights his persistent financial desperation during this period.

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Artnet News, in collaboration with Morgan Stanley and the Artnet Price Database, analyzed global auction sales from January through May 20 for the years 2018 to 2022. The total auction sales for the first five months of 2022 reached $5.7 billion, just barely exceeding the previous high set in 2018. The sell-through rate was 73.4%, the second highest in the period examined. The average price of a work sold surged 180% from 2020 and 26% from 2021, driven by pent-up supply of high-value works. Sales of works priced at $10 million and above grew nearly 50% year-over-year, fueled by major consignments from the estates of Thomas and Doris Ammann, Anne Bass, and Harry and Linda Macklowe. Meanwhile, sales of works under $10,000 increased 43% since 2018, partly due to the rise of online auctions during the pandemic.

American Rousseaus Return to Paris

Les Rousseau américains de retour à Paris

The Musée de l’Orangerie in Paris is hosting a landmark exhibition titled "Henri Rousseau, l’ambition de la peinture," featuring 50 works by the self-taught master. The show is distinguished by a historic loan from the Barnes Foundation in Philadelphia, which has sent nine paintings to France for the first time since they were acquired a century ago by Albert Barnes. A highlight of the exhibition is the rare gathering of three "manifesto paintings"—The Sleeping Gypsy, Unpleasant Surprise, and The Snake Charmer—displayed together in a dedicated gallery.

The National Gallery expands with Kengo Kuma

La National Gallery s'agrandit avec Kengo Kuma

The National Gallery in London has commissioned renowned Japanese architect Kengo Kuma to lead a significant expansion and redesign project. The initiative aims to modernize the museum's infrastructure and create more fluid, accessible spaces for its world-class collection of European paintings.