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Working as an Artist in Hong Kong (Michelle Fung)

Michelle Fung reflects on the realities of working as an artist in Hong Kong, dispelling the romantic myth of the bohemian artist. She describes the city's high cost of living, lack of affordable studio space, and the need for artists to take on multiple jobs—from teaching to selling secondhand handbags—to survive. Fung notes that while Hong Kong offers a vibrant art scene with over 70 galleries and a dozen museums, most artists cannot rely on gallery sales alone. She also critiques the Hong Kong Arts Development Council's grant system, which covers project expenses but provides minimal artist fees, contrasting it with more generous systems in Canada and the Netherlands.

In Basel, alternative art fairs spring up in new places

In Basel, alternative art fairs are proliferating as dealers seek new ways to engage collectors outside the main Art Basel fair. Maison Clearing, a pop-up group exhibition by the New York and Los Angeles-based Clearing gallery, occupies a four-story villa in central Basel, featuring works by 46 artists including Kayode Ojo, Jasmine Gregory, and Jean-Marie Appriou. The rental cost of $2,000 per day is roughly one-third the price of a medium-sized stand at Art Basel. Meanwhile, the Basel Social Club (BSC) returns for its fourth edition in a former bank building near the Kunstmuseum, hosting over 100 spaces filled with art, performances, and hospitality offerings, including artist-led services like a hairdresser and a blood bank.

LACMA Geffen Galleries Opening Gala Brings Out Artists, Supermodels, Oscar Winners & Studio Chiefs – Photo Gallery

The Los Angeles County Museum of Art (LACMA) hosted a high-profile opening gala for its new David Geffen Galleries, drawing a massive crowd of celebrities, industry titans, and art world figures. The guest list spanned various sectors of influence, including Disney CEO Bob Iger, artist Jeff Koons, and director Alejandro González Iñárritu, all gathered to celebrate the completion of the museum's new centerpiece.

Salvator Mundi Museum of Art Opens New Exhibition: THE ORB SHOW - All About Balls

The Salvator Mundi Museum of Art has launched a new exhibition titled "THE ORB SHOW - All About Balls." This unconventional presentation focuses on the recurring motif of the sphere in art, drawing inspiration from the crystal orb held by Christ in the museum's namesake painting, the Salvator Mundi.

Show me the money: UK gallery and auction house accounts reveal reality of a tough market

Recent financial filings from UK-based art businesses reveal a stark downturn in the art market, highlighted by the sudden liquidation of Stephen Friedman Gallery. The gallery's collapse followed expensive expansion projects in London and New York, compounded by a £1.7m loss in 2023 and a significant debt of £11.4m to creditors. Other major players, including Thaddaeus Ropac, reported substantial revenue drops, with Ropac’s turnover falling from £49.6m to £36.4m as the industry grapples with rising overheads and economic volatility.

In 2025, new ‘independent and nimble’ art fairs began redrawing the market map

In 2025, several established art fairs were cancelled or postponed, including the Art Dealers Association of America's Art Show in Manhattan, Taipei Dangdai, Photofairs Hong Kong, and the India Art Fair's Mumbai expo. Amid these retrenchments, a wave of smaller, alternative art fairs emerged in cities like New York, Paris, and the Berkshires, organized by gallerists and curators seeking new formulas focused on coalition, affordability, and intimacy. Examples include Esther in Manhattan (co-founded by Margot Samel and Olga Temnikova), the Arrival Art Fair in North Adams (co-founded by Yng-Ru Chen, Crystalle Lacouture, and Sarah Galender Meyer), 7 rue Froissart in Paris (organized by Sara Maria Salamone and Brigitte Mulholland), and Post-Fair in Santa Monica (founded by Chris Sharp).

U-Haul Gallery’s Mobile Model Takes Art to the Streets

U-Haul Gallery, founded by James Sundquist, is a nomadic art initiative that uses rented U-Haul trucks as mobile exhibition spaces. During New York art week, the gallery parked outside major fairs and openings, drawing crowds into its cargo bay for shows like Ben Nuñez's video work "Today, Last Year." The gallery operates on a budget of $29.99 per day for truck rental, bypassing the high costs of traditional brick-and-mortar spaces. Sundquist, along with head of global strategy Jack Chase, curates collaborative, adaptable exhibitions that respond to their surroundings.

The most expensive Mark Rothko paintings ever sold at auctions

The article lists the most expensive Mark Rothko paintings ever sold at auction, highlighting record-breaking sales such as *No. 6 (Violet, Green and Red)* (1951), which fetched $186 million in 2014, and *Orange, Red, Yellow* (1961), which sold for $86.9 million in 2012. Other notable works include *No. 1 (Royal Red and Blue)* (1954) at $75.1 million and *No. 10* (1958) at $81.9 million, demonstrating the enduring high demand for Rothko's abstract expressionist canvases in the secondary market.

Why Is Beeple So Successful?

The article examines the meteoric rise of artist Mike Winkelmann, known as Beeple, who broke auction records in 2021 by selling an NFT for $69.3 million at Christie's, becoming the third most expensive living artist. His robot dogs, featuring heads of figures like Elon Musk and Mark Zuckerberg, debuted at Art Basel Miami Beach and are now on view at Berlin's Neue Nationalgalerie during Gallery Weekend. The show, titled "Regular Animals," has sparked controversy, with critics like Markus Lüpertz denouncing the works as trivial entertainment unworthy of a museum, while curators Carolyn Christov-Bakargiev and Lisa Botti defend the exhibition.

Robot dogs with Elon Musk's head 'poo' AI art in bizarre exhibition

Artist Beeple (Mike Winkelmann) has installed "Regular Animals" at Berlin's Neue Nationalgalerie, featuring robot dogs with hyper-realistic silicone heads of Elon Musk, Mark Zuckerberg, Jeff Bezos, Andy Warhol, Pablo Picasso, and Beeple himself. The dogs roam the gallery and periodically "poo" printed images of their surroundings that have been transformed by artificial intelligence, with each dog's output reflecting the style of its figurehead—for example, the Picasso dog produces Cubist-style images. The work premiered at Art Basel Miami Beach 2025, where Beeple distributed the prints with certificates reading "100% organic GMO-free dog s**t" and QR codes for free NFTs.

Heists, Records, and Robots. A Subjective Summary of the Art World in 2025.

The article reviews the art world in 2025, highlighting a mixed year of declining sales values and cautious buyers, yet punctuated by record-breaking auctions and dramatic events. Fine art auction sales in the first half of 2025 totaled $4.7 billion, an 8.8% drop from 2024, with the average lot price falling to a decade-low of $24,224, indicating a shift toward lower-value works and younger collectors. Major sales included Gustav Klimt's Portrait of Elisabeth Lederer, which sold for $236 million at Sotheby's, becoming the second most expensive artwork ever auctioned, and Frida Kahlo's El sueño, which set a new auction record for a female artist at $55 million. The market was also unsettled by U.S. trade tariffs and economic uncertainty, while a daring heist and debates around AI art captured public attention.

Gustav Klimt portrait sells for about R4 billion, breaking modern-art auction records

Gustav Klimt's portrait "Portrait of Elisabeth Lederer" (1914–1916) sold for $236.4 million (about R4 billion) at a Sotheby's auction in New York, becoming the most expensive modern artwork ever sold at auction and the second most expensive painting in history, behind only Leonardo da Vinci's "Salvator Mundi." The sale, which featured works from the estate of billionaire collector Leonard Lauder, unfolded in a tense 20-minute bidding war among six collectors. The painting had been hidden from public view since the 1980s. The same auction also saw Maurizio Cattelan's 18-karat gold toilet "America" sell for over $12 million.

Watch the Record-Breaking Auction of This Gustav Klimt Portrait, Which Just Became the Second Most Expensive Painting Ever Sold

Gustav Klimt's "Portrait of Elisabeth Lederer" sold at Sotheby's for $236.4 million on November 20, 2025, becoming the most expensive modern artwork ever auctioned and the second most expensive painting overall. The life-size oil painting, created between 1914 and 1916, depicts the 20-year-old daughter of prominent Jewish art collectors. After a 20-minute bidding war starting at $130 million, an anonymous telephone bidder won the work, which had been owned by cosmetics heir Leonard Lauder until his death in June 2025.

Record $236.3m Klimt leads Sotheby’s first night of auctions in Breuer Building

Sotheby's first evening auctions in its new Manhattan headquarters, the former Whitney Museum building designed by Marcel Breuer, achieved a record total of $605.1 million ($706 million with fees) on November 18. The night was headlined by the sale of 24 works from the collection of the late billionaire Leonard Lauder, which alone brought in $456.2 million. The standout lot was Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer, 1914-16)', which sold for $205 million ($236.3 million with fees) after a nearly 20-minute bidding war, becoming the second-most-expensive painting ever sold at auction. A subsequent contemporary art auction added $148.8 million ($178.5 million with fees) across 44 lots.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.

Gustav Klimt portrait sells for $236.4m, making it the second most expensive artwork ever sold at auction

Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million at Sotheby's New York on Tuesday night, becoming the second most expensive artwork ever sold at auction and the most expensive modern artwork ever auctioned. The six-foot-tall painting, created between 1914 and 1916, depicts the young heiress and daughter of Klimt's patrons. Six bidders competed for 20 minutes before the work was sold, though Sotheby's declined to name the buyer. The painting had been looted by the Nazis during World War II, returned to the Lederer family in 1948, and later acquired by Estée Lauder heir Leonard A. Lauder in 1985. Lauder died in June at age 92, and the sale was part of his collection auction that fetched $575.5 million total.

Gustav Klimt portrait sale breaks modern art record

Gustav Klimt's portrait of Elisabeth Lederer sold for $236 million (£180 million) at Sotheby's in New York, setting a new record for the most expensive work of modern art ever sold at auction. The painting, completed between 1914 and 1916, depicts the daughter of Klimt's most important patrons and was part of the collection of the late cosmetics billionaire Leonard Lauder, who had purchased it in 1985. The sale took place during Sotheby's first evening sale at its new Manhattan headquarters, with bidding starting at $130 million and narrowing to two contenders before the hammer fell at $236 million.

A gold toilet and the most expensive modern artwork ever sold at auction boost the New York market

Sotheby's New York held a landmark auction evening on November 18, 2025, featuring two headline-grabbing lots: Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914-16), which sold for $236.4 million, becoming the most expensive modern artwork ever sold at auction, and Maurizio Cattelan's solid-gold toilet 'America', which sold for a disappointing $12.1 million after a single bid. The Klimt came from the collection of the late cosmetics heir Leonard Lauder, whose two-night auction total reached $527.5 million. The toilet, previously owned by investor Steve Cohen, had been commissioned when gold prices were far lower, ensuring the seller a profit regardless of the modest bidding.

11 New Artist Auction Records Set in May 2025

During New York's spring auction week starting May 12, 2025, major houses Sotheby's, Christie's, Phillips, and Bonhams collectively brought in $1.27 billion, slightly above the estimated $1.25 billion but down 17% from the previous year. The top lot was Piet Mondrian's *Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue* (1922) at $47.56 million, but the mood was tense as trophy works like Andy Warhol's *Big Electric Chair* (1967–68) were withdrawn and several top lots, including Alberto Giacometti's *Grande tête mince* (1955), failed to sell. Amid this volatility, 11 new artist auction records were set, five of which were for women artists, notably Marlene Dumas's *Miss January* (1999) selling for $13.65 million—the most expensive work by a living woman artist at auction.

Meet the Psychologist Who Reads People Through the Art They Live With

Dr. Dimitrios Tsivrikos, an academic psychologist at University College London, describes how he reads people's personalities and emotional states through the art they choose to display in their homes. In an interview with Artsy, he explains that the visual and emotional enrichment of one's environment—whether through expensive artworks or simple posters—reveals deeper psychological insights about the individual.

Art Basel's solution to PDF pre-sales? Ask galleries to reserve works until opening day

Art Basel has announced a new initiative called Basel Exclusive for its flagship Swiss fair in June 2025, asking participating galleries to withhold their most important or expensive works from all pre-fair previews, online viewing rooms, and publicity. Instead, these "marquee works" will be unveiled for the first time during the First Choice VIP preview on 16 June. The initiative aims to restore a sense of surprise and urgency, countering the trend of galleries pre-selling works to clients before the fair opens. Around 170 galleries have already signed up, including major names like Gagosian, David Zwirner, Hauser & Wirth, Pace Gallery, and Sadie Coles HQ.

citizen kane rosebud sled auction

Heritage Auctions sold one of the last surviving Rosebud sleds from the 1941 film *Citizen Kane* for $14.75 million on July 16. The prop, made of pine hardwood with a red seat stenciled with “ROSEBUD,” came from the collection of director Joe Dante, who received it in 1984 from a crew member clearing out an old RKO Pictures lot. The sled was radiocarbon-dated to verify its authenticity. The sale makes it the most expensive Rosebud sled ever sold at auction and the second most valuable piece of movie memorabilia, after the ruby slippers from *The Wizard of Oz*.

vancouver art gallery lays off 30 unionized employees

The Vancouver Art Gallery (VAG) is laying off approximately 30 unionized staff members, representing about 20% of its 150 unionized employees represented by CUPE 15. The layoffs, described by a spokesperson as necessary for long-term sustainability, follow the departure of director Anthony Kiendl in March and the cancellation of a planned C$600 million building by Herzog & de Meuron last December. The gallery is now seeking a simpler, less expensive new home, inviting 14 Canadian architectural firms to apply. The city of Vancouver, a key funder, has also announced budget cuts and hiring freezes, compounding the gallery's financial challenges.

cultural projects worth 6 13 billion were finished in 2024 a big drop from 2023 report

The 2024 Cultural Infrastructure Index (CII) reports a 17% drop in completed cultural projects (from 192 to 159) and a 29% decline in total cost, from $8.58 billion to $6.13 billion. However, the value of future projects announced in 2024 rose 47% to $8.32 billion, though the number of announced projects fell from 198 to 175, indicating fewer but more expensive buildings. The report, developed by AEA Consulting, tracks 334 large-scale cultural infrastructure projects worldwide, with museums and galleries remaining the most common building type. The U.S. led with 62 new facilities, while the Grand Egyptian Museum in Giza was the most expensive completed project at $1 billion, and the Metropolitan Museum of Art's new modern wing topped announced projects at $500 million.

art raul de nieves pioneer works

Raúl de Nieves, a queer Mexico-born artist based in Williamsburg, Brooklyn, is preparing for his latest institutional exhibition, “In Light of Innocence,” opening September 12 at Pioneer Works in Red Hook. The show features 40 new stained glass assemblages made from tape, acetate, and inexpensive materials, installed above a single floor-bound work—a departure from his typically maximalist style. De Nieves, who has exhibited at the ICA Boston, the Baltimore Museum of Art, and the Cleveland Museum of Art, and gained prominence after the 2017 Whitney Biennial, describes the exhibition as a valediction, stating it will be the last time he creates this kind of work.

How to Keep a Gallery Open: Lessons From One of London’s Longest-Operating Dealers

London gallerist David Juda of Annely Juda, one of the city's longest-operating dealers, shares his strategies for keeping a gallery open amid a wave of closures. He emphasizes staying small, avoiding expensive art fairs for newcomers, and planning succession—handing responsibilities to co-director Nina Fellmann as he approaches 80. The gallery is moving to a new space on Hanover Square, inaugurating with new paintings by David Hockney.

Nicole Kidman's Billion-Dollar Breakfast at Christie's

Christie's held a record-setting evening sale on May 18, 2025, that generated over $1 billion, featuring a promotional video starring Nicole Kidman. Jackson Pollock's drip painting "Number 7A, 1948" sold for $181.2 million, nearly tripling the artist's previous auction record, while Constantin Brancusi's bronze bust "Danaïde" (c. 1913) fetched $107.6 million, becoming the second most expensive sculpture ever sold. The works came from the collection of late magazine magnate S.I. Newhouse, and a Rothko from Agnes Gund's collection also set a new artist record at $98.4 million.

Dark Mode: Inside the Art Market’s Private Auction Playbook

A secret, invitation-only auction for a single Andy Warhol portrait of Brigitte Bardot was held at a private bar in New York on November 19, 2025, during the major public auction week. Organized by the online platform Fair Warning and presided over by former Christie's auctioneer Jussi Pylkkänen, the event attracted elite collectors and resulted in a $16.7 million sale, making it the most expensive Warhol of the season.

star wars painting auction record price

The original painting for the 1977 Star Wars movie poster, created by artist Tom Jung, sold for $3.9 million at Heritage Auctions, becoming the most expensive object associated with the Star Wars franchise to date. The acrylic and airbrush artwork served as the half-sheet poster for Star Wars: Episode IV – A New Hope and features a triangular composition of characters like Luke Skywalker, Princess Leia, and Darth Vader. The painting was consigned by Melissa, daughter of producer Gary Kurtz, and surpassed the previous record for movie poster art.

lalanne hippopotame bar 31m sothebys record

François-Xavier Lalanne’s copper sculpture-bar 'Hippopotame Bar' sold for $31.4 million at Sotheby’s in New York, more than tripling its $7–10 million estimate after a 26-minute bidding war among seven bidders. The work, commissioned in 1976 by patron Anne Schlumberger and unique in its copper execution, set a new auction record for the artist and became the most expensive work of design ever sold at auction. The sale capped a year of strong performance for Lalanne’s hybrid animal-furniture works, which have consistently outperformed expectations even in a tougher art market.