Hong Kong’s latest art auctions see turnover lingering at 8-year low

Hong Kong's major auction houses—Christie's, Phillips, and Sotheby's—held their seasonal modern and contemporary art evening sales over the past weekend, with total turnover lingering at an eight-year low. Despite the overall downturn, a handful of records and last-minute withdrawals improved the success ratio, and several lots drew vigorous bidding, such as Salvo's "Mattino di primavera (Spring Morning)" which sold for HK$4 million (five times its low estimate) and Firenze Lai's "Basic Knot" which fetched HK$477,300 (nearly four times its low estimate).

Man Ray’s Mysteries, in Glorious Bloom at the Met

The Metropolitan Museum of Art is opening a major exhibition titled "Man Ray: When Objects Dream" on September 14, 2025, featuring 64 rayographs and about 100 other works by the artist from his most productive period in the late 1910s and 1920s. Curators Stephanie D'Alessandro and Stephen C. Pinson aim to separate fact from the artist's own mythology, while the exhibition's centerpiece is "Le Violon d'Ingres" (1924), the most expensive photograph ever sold at auction, purchased by museum trustee John Pritzker for $12.4 million at Christie's in 2022. The show also includes a previously unannounced promised gift of 188 artworks by Man Ray and his Dada and Surrealist cohort from Pritzker.

New York's digital art gallery reboot

Two new galleries specializing in digital art have opened in New York's Lower East Side: Offline, a physical marketplace launched by the NFT platform SuperRare, and Heft Gallery, founded by curator and artist Adam Heft Berninger. Offline debuted in April with the exhibition "Mythologies for a Spiritually Void Time," featuring works by artists like Neal Cashman, while Heft Gallery focuses on artists using AI, code, and algorithms, with works such as Margaret Murphy's AI-generated photograph. Both spaces aim to bridge Web3 and traditional art venues, offering physical experiences for digital art.

‘Everyone's suffering right now’: New York and Los Angeles gallery Clearing will close

Clearing, the influential New York and Los Angeles gallery that launched the careers of many prominent artists, will close both locations. Founder Oliver Babin announced the closure on August 7, citing crushing overhead costs—rent, shipping, and art fair expenses—that outpaced declining revenue. The gallery opened in 2011 in Bushwick, later moved to the Bowery in Manhattan in 2023, and expanded to Brussels and Los Angeles. Babin described the decision as inevitable, noting that the gallery had been kept alive by hope but now faces no viable path forward. The closure follows a wave of US gallery shutdowns this summer, including Kasmin, Venus Over Manhattan, and Tim Blum’s spaces.

Put Community First and Other Lessons On Institutional Sustainability From MCA Chicago

MCA Chicago director Madeleine Grynsztejn outlines the museum's guiding principles of championing revelatory art, fostering social belonging, and aligning internal practices with community ethics. The museum's collection is treated as a living resource rather than a static treasure, with exhibitions like "Descending the Staircase" and "City in a Garden: Queer Art Activism in Chicago" reflecting evolving narratives. The MCA Art Auction, held every five years, is highlighted as a values-driven fundraiser; the 2025 edition honors Ed Ruscha with a new commission and features works by artists including Rashid Johnson, Sanford Biggers, and Sarah Sze.

Full extent of Stephen Friedman Gallery's £7.8m debt revealed in filings

Administrators' filings for Stephen Friedman Gallery reveal a total debt of £7.8 million following its closure in February. Three prominent artists—Alexandre Diop, Deborah Roberts, and Kehinde Wiley—are among the unsecured creditors owed a combined £795,000, expected to recover only eight to nine pence per pound. The largest secured creditor is Coutts & Company, owed £3.1 million, followed by Pentland Group with £1.4 million outstanding. The gallery also owes £505,113 to the Pollen Estate for its Cork Street lease, £550,000 to HMRC, and significant sums to shipping and storage firms, including Crozier (£256,470) and Gander & White (£86,772). Art fairs Frieze and Art Basel Qatar are owed £71,227 and £18,763 respectively.

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The National Museum of Saudi Arabia in Riyadh has launched "Bedayat: Beginnings of Saudi Art Movement," a landmark survey exhibition documenting the evolution of the country’s art scene from the 1960s through the 1980s. Curated by Qaswra Hafez and commissioned by the Visual Arts Commission, the show features a vast array of paintings, sculptures, and never-before-seen archival materials. The exhibition is organized into three sections that explore the foundations of the movement, the influence of modernization on daily life, and the specific contributions of four modernist pioneers: Mohammed Al-Saleem, Safeya Binzagr, Mounirah Mosly, and Abdulhalim Radwi.

Santiago Yahuarcani: The Beginning of Knowledge

SANTIAGO YAHUARCANI: EL PRINCIPIO DEL CONOCIMIENTO

The Museu de Arte de São Paulo (MASP) is hosting "El principio del conocimiento," the first solo exhibition in Brazil for Peruvian artist Santiago Yahuarcani. Curated by Amanda Carneiro, the show features approximately 35 paintings on llanchama (tree bark) that explore the Uitoto worldview. The exhibition is organized into five thematic sections that navigate the sensory experience of the Amazon, the spiritual significance of sacred plants like coca and tobacco, and the brutal historical memory of colonial extraction.

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Christie’s two-part auction of William I. Koch’s Western art collection realized $84.1 million with fees, more than tripling the previous record for a single-owner Western art collection and setting five new artist records. The sale, reported by the Observer and covered by ARTnews, stands out in a category that has struggled since the 2008 financial crisis, as collectors have shifted focus to postwar, contemporary, and ultra-contemporary work. Specialists attribute the success to structural changes in how American art is presented, growing cultural interest in the American West fueled by popular culture like Yellowstone, and the rare concentration of masterworks in the Koch collection.

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A Star Wars painting by illustrator Tom Jung, used as the original half-sheet poster for *Star Wars: Episode IV – A New Hope* (1977), sold for $3.88 million at a Heritage Auctions sale of Hollywood memorabilia in Dallas. Consigned by the family of film producer Gary Kurtz, the work first appeared in national newspapers on May 13, 1977, and later became the film’s official promotional image. The sale broke the previous record for a Star Wars object, surpassing the $3.6 million paid for Darth Vader’s lightsaber prop.

Bay Area Then

Yerba Buena Center for the Arts in San Francisco presents 'Bay Area Then,' an exhibition running from August 1, 2025, to January 25, 2026, that surveys the Northern California art scene between 1990 and 2005. Guest curated by Eungie Joo, the show features works by nineteen artists or collaborations, including Manuel Ocampo, Margaret Kilgallen, Bill Daniel, Ruby Neri, and Carolyn Castaño, mixing historical pieces with recent productions by artists who emerged during that era.

Phillips claims stake in South Asian market with London exhibition

Phillips auction house has launched a selling exhibition titled "Crossing Borders" at its Berkeley Square location in London, featuring 64 South Asian Modernist artists including Bhupen Khakhar, Huma Bhabha, Rasheed Araeen, and Nilima Sheikh. The show, organized in collaboration with Grosvenor Gallery, includes major market figures like S.H. Raza and F.N. Souza alongside lesser-known names such as Ahmed Parvez and Viswanathan. Prices range from £5,000 to £1.5 million, with works jointly consigned and profits shared between Phillips and Grosvenor. The exhibition marks Phillips' most significant entry into the South Asian art market, a sector long dominated by Sotheby's, Christie's, and Bonhams.

take a first look at 'costume art' as fashion meets art history at the MET

The Metropolitan Museum of Art has opened a new exhibition titled 'Costume Art,' which explores the intersection of fashion and art history. The installation view, captured by designboom, showcases how garments and accessories are presented as artistic objects within the museum's galleries, blurring the boundaries between costume design and fine art.

designboom's ultimate guide to the venice art biennale 2026

Designboom has published a comprehensive guide to the 2026 Venice Art Biennale, featuring a curated list of must-see exhibitions, installations, and events across the city. Highlights include Miet Warlop's "IT NEVER SSST," Michael Armitage's "The Promise of Change" at Palazzo Grassi, and DRIFT's "Shy Society" at Palazzo Strozzi, alongside works by Lotus L. Kang, Lida Abdul, and Kan Yasuda. The guide also points to collateral shows in Pietrasanta and Berlin, offering visitors a broad itinerary beyond the main Biennale venues.

Museum: Art, Collections, and Exhibits

Museum - Art, Collections, Exhibits

This comprehensive overview traces the historical evolution of the museum from its origins as private royal collections and 'cabinets of curiosities' to the modern public institutions of the 21st century. It details the emergence of landmark spaces like the Ashmolean, the British Museum, and the Louvre, while examining how the 'museum boom' of the 20th century expanded these institutions globally across the United States, Asia, and Africa.

Dilys Blum, longtime curator of clothes at the Philadelphia Art Museum, dies at 77

Dilys Blum, the longtime curator of fashion and textiles at the Philadelphia Museum of Art, has died at age 77. She retired last summer after 38 years at the museum, where she served as head of the costumes and textiles department, overseeing the care and interpretation of historic clothing and fabric-based art. Blum began her career at the Museum of London, later working at the Brooklyn Museum and the Chicago Conservation Center before joining the Philadelphia Museum in 1987. She curated notable exhibitions including "Off the Wall" (2019) and "BOOM: Art and Design of the 1940s" (2025), and authored several books on fashion history, including works on Elsa Schiaparelli, Roberto Capucci, and Patrick Kelly.

Painted Up: This vibrant exhibition challenges colonial perceptions of Aboriginal art

Artist and cultural practitioner Dean Biŋkin Tyson presents "CREATE EXCHANGE: Painted Up," a dual-venue exhibition at Redland Art Gallery that showcases his multidisciplinary approach to Quandamooka and Gurang traditions. Moving beyond stereotypical "dot art," Tyson utilizes canvas, animal skins, and carved artifacts to translate his background as a dancer and songman into visual form. The exhibition features large-scale murals, traditional tools like boomerangs, and "shadow boxes"—a unique craft form developed in Aboriginal missions during the 1970s.

Despite years of political and economic turmoil, Iran’s art market is thriving

Tehran Auction, Iran's premier auction house, held a $1.5 million art sale at the Azadi Hotel in October, selling 120 works by top Iranian Modern and contemporary artists. This strong domestic performance contrasts sharply with the weak showing of Iranian art at Sotheby's and Christie's in London, where prices have slowed amid sanctions and geopolitical isolation.

Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

70 of Stephen Curry’s Game-Worn NBA Sneakers to Be Sold at Sotheby’s, Including a Pair of Nike Kobe 6 Protro ‘Mambacita’

Sotheby’s has announced an online auction of over 70 pairs of sneakers worn by NBA star Stephen Curry during his 2025-26 "sneaker free agency" season. The collection features a diverse range of brands, including Nike, Jordan, Adidas, and Li-Ning, marking the first time Curry was not tied to a single footwear contract. High-profile lots include the Nike Kobe 6 Protro ‘Mambacita’ and the Nike Air Jordan 12 ‘Flu Game,’ with individual estimates reaching up to $50,000.

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RM Sotheby's is hosting an online auction titled "The Champions – Schumacher and F1 Legends" from July 24 to 30, featuring 280 lots of Formula 1 memorabilia. Highlights include a Cartier Automatic watch gifted by Enzo Ferrari to Fiat executive Gianni Agnelli in 1988, estimated at €10,000–€20,000, and over 150 lots related to Michael Schumacher, such as racing suits, helmets, and boots from his career. Other notable items include watches presented to Jean Todt and Michael Schumacher, as well as memorabilia from drivers like Lewis Hamilton, Ayrton Senna, and Fernando Alonso. A selection of 35 lots will be displayed at the Concours of Elegance in Tegernsee, Germany.

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.

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Adam Chinn, former chief operating officer at Sotheby's, has been quietly building International Art Finance (IAF), a boutique art lending firm backed by the billionaire Nahmad family. In a recent interview with ARTnews, Chinn revealed that IAF has disbursed nearly $400 million in loans and is on track to reach $500 million by the end of 2025. The firm offers short-term, non-recourse loans with an average size of $8 million, claiming an edge in speed and scale, with loans disbursed in as little as 10 days. The Nahmad family, prolific collectors and dealers, provides funding and conducts internal artwork valuations, a practice that has drawn scrutiny over potential conflicts of interest.

One of Napoleon’s Sweaty Hats Was Just Rediscovered After a Century in Storage

A distinctive bicorne hat belonging to Napoleon Bonaparte, worn during his final exile on Saint Helena, has been rediscovered after more than a century in storage at the Condé Museum. Curators found the beaver pelt hat, made by his official hat-maker Poupard, while preparing for an upcoming exhibition, and its provenance has been confirmed through extensive study.

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You Yang, the director of X Museum, discusses the recent surge in new art museums, particularly those backed by tech companies in China's Greater Bay Area, including Shenzhen and Hong Kong. He attributes this boom to a strategic shift in Shenzhen's cultural policy, the city's established cultural foundations, and the region's historical role in cross-cultural exchange, which has created a demand for contemporary institutions.

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A first-edition copy of "Superman No. 1" from 1939 sold for $9.12 million at Heritage Auctions on November 20, setting a new record for the most expensive comic book ever sold. The comic was discovered in a cardboard box in the attic of a Northern California home by three brothers after their mother's death, preserved in near-mint condition (graded 9 out of 10 by CGC). Alongside it, they found other valuable early comics, including a 1939 Action Comics featuring Zatara ($204,000) and a Superman-focused issue ($264,000).

Wirral Welcomes the Independents Biennial 2025

Wirral is hosting the Independents Biennial 2025, a major contemporary art festival running concurrently with the Liverpool Biennial. Nearly 300 artists will exhibit in 120 locations across the Liverpool City Region, including landmarks such as Fort Perch Rock, Hilbre Island, and Hamilton Square. Highlights include a studio group exhibition titled 'Boom' at the Old Fire Station in Port Sunlight, featuring sculptor Emma Rodgers and collaborators, with works by Johnny Vegas. The Williamson Art Gallery and Museum will debut a commissioned piece by Jackie Haynes and Heather Mullender-Ross, and an art market at Birkenhead Market on June 28 will offer works by over 30 independent artists.

New York Gallery Show Spotlights Iconoclastic Comic Artist Paul Pope

Comic artist Paul Pope is the subject of a new gallery exhibition at Philippe Labaune Gallery in New York, opening June 19, 2025. The show spans his three-decade career, featuring never-before-seen original works and curated selections from his archives, coinciding with the release of his career retrospective monograph *Pulp Hope 2: The Art of Paul Pope* (Boom! Studios, 2025). Pope is known for works such as *Batman: Year 100*, *Heavy Liquid*, and *Battling Boy*, blending American, European, and Japanese influences.

India Modern Art Boom Spreads Through Spring Auctions

The Indian modern art market has reached a significant milestone as a 19th-century oil painting by Raja Ravi Varma sold for nearly $18 million at auction. The sale of 'Yashoda and Krishna' reportedly involved high-profile Indian tycoons from the pharmaceutical and consumer industries acting as both buyers and sellers, signaling a robust domestic appetite for blue-chip Indian masterpieces.

'Our Living Heritage' opens at Old Gaol Museum

Stanley Grootboom, a renowned local author and artist from Knysna, South Africa, recently unveiled his latest exhibition, 'Our Living Heritage,' at the Old Gaol Museum. The opening drew an enthusiastic crowd of art lovers, cultural ambassadors, and community members. The exhibition highlights Grootboom's commitment to preserving South Africa's indigenous history, particularly the cultural heritage of the Khoi and San peoples, and features his acclaimed interactive book installation 'South African Gelieblik Stories and Songs,' which has earned national and international recognition. It also includes his powerful artwork 'The Battle,' currently housed at the Koena Art Institute at the Castle of Good Hope, and works by fellow artists Anthony Roach, Marlene Liebenberg, Gatsby Mpoyi, Zoe Fick, and Donald Hartzenberg as part of his ongoing art outreach programme.