picasso christies hong kong industry moves

Christie's Hong Kong is offering Pablo Picasso's 1944 painting *Buste de femme* with a high estimate of HK$106 million (about $13.6 million) at its 20th/21st Century evening sale, making it the top lot in Hong Kong's September sales across the three major auction houses. Other notable lots include Zao Wou-Ki's *7.3.63* (estimate HK$70–90 million) at Christie's and two Yoshitomo Nara works at Sotheby's and Phillips. In other industry moves, New York's Tilton Gallery is closing after its upcoming Ruth Vollmer exhibition; Esther Schipper Gallery now represents Lotus L. Kang; Başak Doğa Temür and Nilbar Güreş will collaborate on the Turkish Pavilion at the 2026 Venice Biennale; Yan Du Project has appointed Billy Tang as artistic director; and Phillips will auction a juvenile triceratops skeleton in New York.

la louver gallery closes venice huntington archive donation

LA Louver, one of Los Angeles's longest-running galleries, is closing its physical space in Venice, California, after 50 years and shifting to private dealing. The gallery, founded in 1975 by Peter and Elizabeth Goulds, has shown artists including Marcel Duchamp, David Hockney, Ed Ruscha, and Doris Salcedo, mounting over 660 exhibitions. The Venice space will host select exhibitions by appointment, while the gallery will focus activities on a private warehouse in LA's West Adams neighborhood. The Huntington library, museum, and botanical garden will receive LA Louver's archive of photography, correspondence, and documents.

labubu kasing lung art market

The article examines the meteoric rise and current cooling of the market for Labubu, the Nordic fanged monster character created by artist Kasing Lung. After a decade of slow development, Labubu exploded in popularity through Chinese toy blind-box manufacturer Pop Mart, leading to record auction sales in 2025. Yongle Auction in Beijing organized the world's first themed Labubu sale, where a mint-green sculpture sold for RMB 1.242 million and a painting, 'Pure' (2021), fetched RMB 1.61 million, setting successive records. The frenzy attracted a diverse range of buyers, from streetwear collectors to traditional ceramics enthusiasts, many of whom share their purchases on social media platforms like Douyin.

art basel qatar launch february 2026

Art Basel announced a partnership with Qatar Sports Investments (QSI) and QC+ to launch Art Basel Qatar in Doha in February 2026, marking the first major international art fair in the Middle East. The inaugural edition will feature a tightly curated selection of approximately 50 galleries, significantly smaller than Art Basel's other fairs, and will be held at M7, a creative hub in the Doha Design District. A director for the fair will be announced in the coming months.

Phillips’ $115.2 Million Evening Sale Was a Testament to the Power of Pre-Planning and Priority Bidding

Phillips’ Modern & Contemporary Art Evening Sale on May 19 achieved a white-glove result, totaling $115.2 million across 41 lots—a 122 percent increase from May 2025. The sale saw strong performances from works by Lee Bontecou, Salman Toor, and Cecily Brown, with Bontecou’s 1985 pastel on canvas setting a record for a two-dimensional work by the artist at $4.2 million. Other top lots included Andy Warhol’s *Sixteen Jackies* (1964) at $16.2 million, a Monet landscape at $9.3 million, and a Joan Mitchell at $6.9 million. Notably, less than half of the lots were guaranteed, with Phillips’ Priority Bidding incentive—offering a 4 percent discount on buyer’s premium—contributing to the strong results, as more than half of the lots attracted such bids.

Sotheby’s $433 Million Contemporary Evening and Mnuchin Sales Kicked Off New York’s May Marquee Auctions

Sotheby's held two major evening sales in New York—the Mnuchin collection sale and The Now & Contemporary Evening Auction—generating a combined $433.1 million. The Mnuchin sale achieved a white-glove result of $166.3 million, led by Mark Rothko's *Brown and Blacks in Reds* (1957) which sold for $85.8 million, while the contemporary auction reached $266.8 million, with Jean-Michel Basquiat's *Museum Security (Broadway Meltdown)* as the top lot. The results fell within presale estimates but marked a 133% increase over last May's contemporary sales.

Sotheby’s Evelyn Lin On Asia’s Maturing Market, Young Collectors and the New Rules of the Hong Kong Sale

Sotheby’s recently concluded its spring marquee auctions in Hong Kong, generating a combined total of HK$711.8 million ($91.2 million). The sales were anchored by the success of Joan Mitchell’s 'La Grande Vallée VII,' which sold for $17.6 million, and achieved a nearly 100 percent sell-through rate by value. The performance was bolstered by the auction house's new 'Maison' headquarters, a dual-level retail and exhibition space that attracted over 44,500 visitors in the lead-up to the sales.

Across the Major Houses, Hong Kong’s March Sales Confirm a New Collecting Maturity

Hong Kong's major auction houses—Christie's, Sotheby's, and Phillips—concluded their March sales series with strong results, demonstrating resilience in the Asian art market. The sales were characterized by a high sell-through rate, robust bidding, and a notable shift towards collecting driven by deep knowledge and passion rather than pure speculation.

Joan Mitchell becomes most expensive female artist at auction in Asia with US$17.6m Sotheby's sale

Joan Mitchell’s diptych "La Grande Vallée VII" sold for HK$137 million (US$17.6 million) at Sotheby’s Hong Kong, setting a new record for the most expensive work by a female artist ever sold at auction in Asia. The 1983 masterpiece, part of a celebrated 21-painting cycle dedicated to a grieving friend, led a successful Modern and Contemporary Evening Auction that saw a 100% sell-through rate for its 54 lots. Other notable results included a Mark Rothko canvas that more than doubled its low estimate and significant sales for works by Sanyu and Zao Wou-Ki.

At Art Basel Hong Kong, More Collectors Are Buying With Purpose

Art Basel Hong Kong 2026 opened with a renewed sense of optimism, featuring 240 galleries and a significant emphasis on the Asia-Pacific region. The VIP preview saw a surge in attendance primarily from regional collectors across mainland China, Taiwan, Korea, and Southeast Asia, signaling a robust recovery for the local market. While international travel remains a factor, the fair's success is increasingly driven by a localized ecosystem of younger collectors and long-term public investments in cultural infrastructure like the M+ museum.

From Bottle Caps and Seals Has Come Colorful, Cascading Art

Renowned Ghanaian artist El Anatsui is currently experiencing a significant professional moment with concurrent exhibitions at White Cube in Hong Kong and Seoul, timed to coincide with Art Basel Hong Kong. The artist, known for his monumental sculptures crafted from discarded liquor-bottle caps and copper wire, recently saw his 2023 work "G6" sell for $995,000 at Sotheby’s London to benefit the Royal Academy of Arts. Now living back in Ghana after decades teaching in Nigeria, Anatsui continues to explore the fluidity of his medium, which mimics the organic processes of growth and decay.

Meet 14 Women Shaping India’s Booming Art Scene

Artsy profiles 14 influential women who are shaping India's rapidly evolving art market, including Nita Mukesh Ambani, Jaya Asokan, Shireen Gandhy, and others. The article highlights their roles as founders, directors, collectors, and patrons, with a focus on the upcoming 17th edition of the India Art Fair, which will feature a record 135 exhibitors. Each woman is described as contributing to the growth of galleries, auction houses, biennales, and cultural institutions across the country.

After 14 years with Pace, Yoshitomo Nara's work now represented by David Zwirner

Japanese artist Yoshitomo Nara, renowned for his kawaii-inspired paintings and sculptures, has switched gallery representation from Pace Gallery to David Zwirner after 14 years. David Zwirner, which has locations in New York, Hong Kong, London, Los Angeles, and Paris, will hold its first solo exhibition with Nara at an unspecified future date in New York. Nara will continue to work with his international agent, Equivalence Art Agency, and Pace Gallery will maintain a relationship with the artist. Nara's career includes major solo shows at institutions like the Albertina Modern in Vienna, the Hayward Gallery in London, and the Los Angeles County Museum of Art.

Evelyn Lin to Lead Sotheby’s Asia Modern and Contemporary Art, After Pace Hong Kong Shutters

Evelyn Lin is returning to Sotheby’s as chairman of Modern and contemporary art, Asia, starting November 3, after a one-year stint at Pace gallery. She will help lead the inaugural marquee sale at Sotheby’s new global headquarters in New York’s Breuer Building. The appointment follows the departure of Elaine Holt and the closure of Pace’s Hong Kong space, which will not renew its lease at H Queen’s after its current exhibition closes on October 18.

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.

Blum Gallery’s Sudden End Shocked the Art Industry. What Happened?

On July 1, 2025, Tim Blum, the powerhouse Los Angeles dealer behind Blum Gallery, announced the sudden closure of his gallery after a 35-year run. The closure includes his Culver City headquarters, his Tokyo space, and a planned Tribeca location that will no longer open. Blum publicly framed the decision as a voluntary "sunset" due to systemic industry issues like over-expansion and burnout, but interviews with artists and staff reveal a more chaotic reality: the closure blindsided employees and artists, many of whom learned about it from news reports or a last-minute staff meeting that excluded Tokyo staff. Sources cite weak sales at Art Basel and Art Basel Hong Kong, poor business decisions—including buying out partner Jeff Poe and renovating a costly New York space—and a lack of severance or transition time as underlying factors.

The 10 Best Booths at Art Basel 2025

Art Basel 2025 opened on June 17 with its VIP preview at Messeplatz in Basel, Switzerland, under intense heat. The 55th edition of the fair features 289 galleries from 42 countries, including 19 newcomers, and introduces a new Premiere section for mid-sized galleries showing recent works. Despite a challenging art market, the VIP day saw packed booths, international crowds, and strong sales of six- and seven-figure works, with dealers expressing optimism. The fair also includes returning sections like Statements and Feature, plus Art Basel Unlimited for monumental works, alongside concurrent events such as Liste Art Fair and museum shows by Jordan Wolfson and Steve McQueen.

At Art Basel Hong Kong, Blue-Chips Report Flurry of 7-Figure Deals, While Others Lament ‘Slower Than Usual’ Sales

Major galleries reported significant seven-figure sales on the opening day of Art Basel Hong Kong. Hauser & Wirth sold works by Louise Bourgeois and George Condo for millions, while David Zwirner sold paintings by Liu Ye and Marlene Dumas for $3.8 million each. Pace Gallery's CEO noted a renewed energy, and other blue-chip dealers like White Cube and Lehman Maupin also reported high-value transactions, particularly with Asian collectors and institutions.

art basel qatar fair report doha

The first-ever Art Basel Qatar opened in Doha with 84 single-artist presentations from 87 galleries, spread across two venues: the Doha Design District and M7. The fair, a partnership between Art Basel, Qatar Sports Investments, and QC+, features a tightly curated schedule of events, including a drone installation by Jenny Holzer at the Museum of Islamic Art and a floating dinner by artist Laila Gohar. Despite the usual fair rhythms, sales have been slow, and the event emphasizes engagement over transaction, as articulated by Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani.

Art Transport Hobbled and Prices Surging in Asia Amid US and Israel’s War in Iran

The ongoing conflict involving the United States, Israel, and Iran has severely disrupted the global art logistics network, particularly in Asia. A report in the Art Newspaper details soaring costs and shipping delays, with international air freight for fine art spiking up to 300% due to increased oil prices. Some exhibitions, like a Per Kirkeby show in China, have opened with fewer works, and shipments for Art Basel Hong Kong were stuck at sea for over a month. Shippers are now considering alternative routes, such as the China-Europe Railway Express, to mitigate delays and costs.

Para Site 30th Anniversary Programme: Q&A with Junni Chen

Para Site, a Hong Kong contemporary arts center, has launched a year-long 30th anniversary programme featuring exhibitions, performances, and residencies. The programme is structured around acts of response, pairing artists and fostering new collaborations, drawing inspiration from the organization's earliest experimental exhibitions.

who was ching ho cheng

Ching Ho Cheng (1946–89), a Chinese-American artist who described himself as working "with paper, instead of on it," is the subject of a revival of interest, including a current solo show at Bank gallery's New York outpost featuring his airbrushed gouache works from the mid-to-late 1970s. Cheng, who lived and worked in Suite 903 of New York's Chelsea Hotel, created spiritual, experimental works ranging from psychedelic paintings to torn-paper pieces and monumental oxidized sculptures, before his career was cut short by AIDS-related complications. His papers at the Smithsonian Archives of American Art were digitized in 2024, and his work will be included in a group show at the Whitney Museum of American Art and a major institutional retrospective at the Addison Gallery of American Art in 2027.

Hydrojustice: A Review

A Non-Aspirational Justice: Review of Hydrojustice

The article is a critical review of Andreas Philippopoulos-Mihalopoulos's book 'Hydrojustice,' which uses the concept of water as a lens to critique traditional, top-down legal justice and propose a more fluid, collective, and embodied alternative. The review frames this analysis through the recent erasure of a Banksy graffiti piece on the London Courts of Justice, which depicted a judge violently silencing a protester.

Sotheby’s $304M Modern Evening Auction Confirms the Market Has Found Its Footing

Sotheby's Modern Evening Auction on May 19 achieved $304 million with a 98% sell-through rate across 45 lots, more than doubling the total from the equivalent sale in November. The auction was anchored by fresh-to-market masterpieces, including Henri Matisse's "La Chaise Lorraine" from the Barbier-Müller collection, which sold for $48.4 million—the second-highest price for a Matisse painting at auction. Other highlights included works from the Enrico Donati collection, which generated a combined $58.9 million, and Pablo Picasso's "Arlequin (Buste)" (1909) selling for $42.6 million. The sale contributed to a running combined total of $839.6 million for Sotheby's marquee sales, following strong results from the Mnuchin collection and Contemporary Day Auction.

Rothko from Robert Mnuchin collection fetches US$85.8m, becoming artist’s second-priciest work at auction

A red-and-black Mark Rothko painting, *Brown and Blacks in Reds* (1957), sold for US$85.8 million at Sotheby’s New York on May 14, becoming the artist’s second-most expensive work at auction. The canvas came from the collection of Robert Mnuchin, a former Goldman Sachs partner turned gallerist, and was the star lot of a dedicated 11-lot evening sale that totaled US$166.3 million. The winning bid was placed by Sotheby’s chairman Helena Newman on behalf of a telephone client, with the hammer falling at US$74 million against an estimate of US$70–100 million. The painting was originally owned by Joseph E. Seagram & Sons and hung in the lobby of the Seagram Building, a landmark of corporate modernism designed by Ludwig Mies van der Rohe and Philip Johnson.

Liu Wei’s "You Like Pork?" leads Poly Hong Kong modern and contemporary art sale at US$3.5m

Poly Auction Hong Kong concluded its modern and contemporary art sale on April 6, achieving a total of HK$76.4 million (US$9.8 million) with a 67% sell-through rate. The auction was headlined by Liu Wei’s 1995 masterpiece "You Like Pork?", which sold for HK$27.6 million (US$3.5 million) to a phone bidder. Other top performers included Zao Wou-Ki’s "15.07.67" from his Hurricane period and Wu Dayu’s "Rhymes of Beijing Opera," both of which surpassed the HK$10 million threshold.

Your Guide To Art Week Singapore 2026’s Must-See Events

Singapore Art Week 2026 transforms the Lion City into a stage for contemporary creativity, featuring a packed programme of exhibitions, auctions, and symposia from January through March. Key events include Sotheby’s Modern and Contemporary Art auction (21–24 January) spotlighting works by Walter Spies, Raden Saleh, David Hockney, and Takashi Murakami; the Tanoto Art Foundation’s first exhibition 'Rituals of Perception' at New Bahru School Hall (21 January–1 March); the inaugural Print Show & Symposium at STPI (22–31 January) with artists like Yayoi Kusama and Jeff Koons; and Loy Contemporary Art Gallery’s 'Mosaic SG' showcasing contemporary Italian artists under the patronage of the Embassy of Italy in Singapore.

Robert Rauschenberg at 100: How the Relentless Experimenter Rewired American Art

A global celebration marks the centennial of Robert Rauschenberg's birth on October 22, 1925, with a bumper program of exhibitions at major museums including the Museum of the City of New York, the Guggenheim in New York, the Walker Art Center in Minneapolis, the Virginia Museum of Fine Arts, Des Moines Art Center, the Menil in Houston, Museum Ludwig in Cologne, and M+ in Hong Kong. The article highlights eight key facts about Rauschenberg's life and career, from his early use of the G.I. Bill to study art in Paris and at Black Mountain College, to his rebellion against teacher Josef Albers, and his invention of the "Combines"—radical painting-sculpture hybrids that broke with Abstract Expressionism and predicted Pop Art.

Nara's vampire-girl portrait sells for US$10m at Sotheby's, leading US$43m Hong Kong Evening Sale

Sotheby's Modern and Contemporary Evening Auction in Hong Kong on 28 September achieved HK$335 million (US$43.1 million), with a 95% sell-through rate across 40 lots. The top lot was Yoshitomo Nara's 2012 painting *Can't Wait 'til the Night Comes*, which sold for HK$79.9 million (US$10.3 million) to a private Asian collector. A group of five works by Roy Lichtenstein from the artist's personal collection also debuted at auction, collectively bringing HK$46.4 million (US$5.9 million).