Poly Auction Hong Kong Spring Auctions 2026: High Jewels and Watches, Modern and Contemporary Art Auctions to Be Held on 6 April

Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.

A historic section of the Eiffel Tower's original staircase is set to go up for auction

Un tronçon historique de l’escalier d’origine de la tour Eiffel s’apprête à s’envoler aux enchères

The auction house Artcurial is set to auction a 2.75-meter-tall section of the original spiral staircase from the Eiffel Tower on May 21. This specific segment, consisting of fourteen riveted steel steps, was part of the structure connecting the second and third floors until it was dismantled in 1983 to make way for modern elevators. Estimated between €120,000 and €150,000, the piece holds significant historical value as it is the inaugural 'Lot No. 1' from the original 1983 dispersal sale.

Taiwanese Pop Star Is the Buyer of $20 M. Matisse Painting at Sotheby’s

Taiwanese pop star Jay Chou revealed himself as the buyer of Henri Matisse's 1924 painting *La Séance du Matin* at Sotheby's modern art evening sale, where it sold for $20 million before fees ($21.2 million with fees). Chou, who guaranteed the work, received an $800,000 rebate and shared his emotional connection to the piece on Instagram, recalling visits to Matisse's home in Nice. The sale was part of a larger auction that also featured another Matisse, *La Chaise lorraine* (ca. 1919), which sold for $48.4 million.

Trophy Buyers Drive Decorative Art Sales

Sales in the decorative-art category—including design objects, furniture, jewelry, and watches—reached approximately $3.9 billion in 2025, a 7.1% increase from 2024 but still well below the 2023 peak of $5.7 billion. The number of lots sold fell by 11.9%, yet the average price rose 21.6% to $15,247, indicating a shift toward trophy buying. A standout was François-Xavier Lalanne's 1976 Hippopotamus bar, which sold for $31.4 million at Sotheby's after a 26-minute bidding war, setting an auction record. Sotheby's led the category with $1.1 billion in sales, followed by Christie's at $1 billion and Phillips at $369.7 million. Europe remained the largest market at $1.4 billion, while North America overtook Asia for second place with $1.2 billion.

Leonora in the Morning Light review – pioneering British artist who fled convention for the surrealists

A new biopic titled *Leonora in the Morning Light* chronicles the life of British surrealist painter Leonora Carrington, who fled her aristocratic upbringing in London to join the surrealist circle in Paris. The film, adapted from Elena Poniatowska's biographical novel, follows Carrington from her affair with the older Max Ernst through her mental health crisis in Spain and eventual settlement in Mexico, where she created art on her own terms. Olivia Vinall portrays Carrington with a fierce, uncompromising spirit, though the film is criticized for uneven storytelling and clunky dialogue.

Who Won New York’s $2.1 Billion Auction Week?

New York City's spring auction week generated approximately $2.1 billion in sales across Christie's, Sotheby's, and Phillips, more than doubling the $1 billion total from May 2024. Christie's led with a $1.3 billion haul, driven by the $630.8 million S.I. Newhouse collection and record prices for works by Jackson Pollock ($181.2 million) and Constantin Brancusi ($107.6 million). Sotheby's netted around $737 million, including a Rothko from the Robert Mnuchin collection, while Phillips rebounded with $115.2 million in a white-glove sale, its strongest New York spring result since 2022.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

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.

Who Owns the Megayachts Docked Outside the Venice Biennale?

The article examines the megayachts docked outside the Venice Biennale, focusing on the 170-foot vessel 'Private GG' owned by Giancarlo Giammetti, cofounder of the Valentino fashion house. Giammetti, a serious art collector, was in Venice for the Biennale opening, posting photos of artworks and a dinner with actress Salma Hayek and her husband François-Henri Pinault, a major art collector. The yacht, built in 2022 by CRN, features luxury amenities including a jacuzzi, cinema saloon, and beach club.

The Price Points Powering the Art Market

The article, part of the Artnet Intelligence Report: Year Ahead 2026, analyzes art market performance by price bracket in 2025. The $1 million-to-$10 million range was the strongest segment, with sales totaling $3.5 billion—a 20.8% increase from 2024. Sales above $10 million rose 36.1% to $2.3 billion, boosted by high-priced masterpieces at New York's November auctions. The $100,000-to-$1 million bracket saw $3.2 billion in sales, up 6%. Meanwhile, works under $10,000 and in the $10,000-to-$100,000 range grew less than 1%, indicating cautious buyer behavior.

Treasures From Matthew Perry’s Estate Head to Auction for a Good Cause

Heritage Auctions will sell a trove of artifacts from Matthew Perry's estate starting June 5, including scripts and memorabilia from the sitcom *Friends*, artworks by Banksy and Mel Bochner, and personal items like a 3D portrait of his invented superhero "Mattman." Proceeds benefit the Matthew Perry Foundation, a nonprofit focused on ending addiction stigma and expanding access to evidence-based care, founded after the actor's death in 2023.

Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

Sotheby's will auction a major collection of masterpieces by artists including Gustav Klimt, Henri Matisse, Lucian Freud, and Francis Bacon, consigned by Joe Lewis and his daughter Vivienne, whose family owns Tottenham Hotspur. The collection, expected to fetch over £150 million, is projected to become the most valuable ever offered in London, with highlights such as Klimt's 'Bildnis Gertrud Loew' (estimated £20-30m) and Egon Schiele's 'Danaë' (estimated £12-18m, potentially setting a new artist record). The works will be exhibited in New York and London before the June sales.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

Online Auctions Continue to Draw in First-Time Art Buyers as Sales Grow

Online-only sales of fine art at Christie’s, Sotheby’s, Phillips, Bonhams, and Artnet Auctions reached $423.9 million in 2025, an 8 percent increase from 2024. The number of lots sold remained steady at 29,623, but the average price per work rose 8.6 percent to $14,309. Sales were 270 percent higher than in 2019, before the pandemic accelerated the shift to digital auctions. Christie’s reported that 63 percent of new buyers in 2025 made their first purchase online.

Is A Random Unknown Artist More Valuable Than Picasso? AI Thinks So.

An experiment using a custom AI model to evaluate artistic value independent of market context found that the model assigned a seven-figure price to an unknown street artist's work while valuing a Picasso at under $1,000. The project, run by an art journalist with a data scientist and an AI expert, trained a Fine Art Large Vision Model on millions of images and price data. Without metadata like artist name or gallery affiliation, the model's predictions were technically interesting but commercially useless; only when those market signals were added did predictions align with real auction outcomes.

The Art Trade Is Taking Calculated Risks With A.I.

The article examines how the art trade is cautiously experimenting with artificial intelligence, noting that while AI tools are being developed to attract newer collectors, the industry remains heavily reliant on trust and personal relationships that technology cannot replicate. It also reports on Fair Warning's new 'No Warning' sealed-bidding auction format, reflecting a rise in private auctions, and highlights a Sotheby's New York sale of the Jean and Terry de Gunzburg collection that set a U.S. record for design auctions at $96 million, led by a set of 15 mirrors by Claude Lalanne for Yves Saint Laurent that sold for $33.5 million.

Who Were the Best-Selling Old Masters at Auction in 2025?

The article reports on the best-selling Old Master paintings at auction in 2025, highlighting Canaletto's *Venice, the Return of the Bucintoro on Ascension Day*, which sold for $43.8 million at Christie's—three times the next-highest Old Master price. Other notable sales include a $7.55 million triptych of Jesus performing miracles by an unknown 15th-century artist, noted for its exceptional condition and quality.

How Art Firms Are—or Should Be—Using A.I. Right Now

Art firms are increasingly experimenting with artificial intelligence, but concrete use cases remain limited and industry-specific tools are still in their infancy. A new partnership between Bonhams and tech company ARTDAI aims to apply AI to market analytics, valuation, and specialist research, while companies like Artsy and Artnet are integrating AI capabilities into their platforms. Industry experts, including former Art Basel chief Marc Spiegler, note that the art market's small size has historically discouraged tech development, but AI now makes high-performance tools accessible to smaller businesses.

Antony Gormley sculpture quietly removed and sold off by UK council

Kent County Council, led by the Reform party, has removed and sold Antony Gormley's early public sculpture 'Two Stones' (1979-81) from outside the Kent History and Library Centre in Maidstone. The council sold the work back to the artist himself in a private sale to raise funds, citing severe financial pressures and a need to avoid increasing costs for residents. The council's most recent accounts valued the work at £859,000, but the final sale price remains confidential.

Collector Jennifer Gilbert Is Selling Modernist Masterpieces to Fund Her New Arts Space

Jennifer Gilbert, the Detroit-based entrepreneur and philanthropist, is auctioning a selection of Modernist masterpieces from her private collection to fund Lumana, a new nonprofit arts organization. The sales, scheduled for May and June at Sotheby’s New York, include high-profile works by Joan Mitchell and Kenneth Noland, with an overall fundraising goal exceeding $10 million.

21 Renoirs From the Collection of the Artist’s Muse Hit the Market

Bonhams has announced an online auction titled “A Lasting Impression,” featuring 21 previously unseen or little-known paintings by Pierre-Auguste Renoir. These works originate from the personal collection of Gabrielle Renard, the artist’s longtime muse and his children's nanny, who sat for the Impressionist master nearly 200 times. The sale, scheduled for May 10–20, includes intimate portraits of Renard, landscapes, and a floral still life, with estimates ranging from $220,000 to $700,000.

Marc Restellini’s ‘atom bomb’ of a Modigliani catalogue raisonné is finally published

After nearly three decades of legal disputes and intense research, Marc Restellini has finally published his definitive catalogue raisonné of Amedeo Modigliani’s oil paintings. Released through the Institut Restellini and Yale University Press, the six-volume work utilizes forensic scientific analysis, spectrometry, and archival evidence to authenticate the artist's oeuvre. The publication includes 100 newly authenticated works while excluding 15 previously accepted paintings due to a lack of definitive evidence, marking a shift from connoisseurship to a fact-based methodology.

Sotheby’s Tries Again to Sell $40 M. Picasso Painting That Didn’t Make It to Auction in 2008

Sotheby’s has announced the sale of Pablo Picasso’s 1909 Cubist masterpiece, Arlequin (Buste), which is expected to fetch approximately $40 million during the New York marquee auctions this May. The painting is the crown jewel of a collection belonging to the late Surrealist artist Enrico Donati and his wife Adele. This marks the second time Sotheby’s has attempted to sell the work; it was famously withdrawn from a 2008 auction just a week before the sale due to undisclosed private reasons.

New UCCA CEO Kong Lingyi on the Beijing Institution’s Future

Kong Lingyi has been appointed as the new CEO of the UCCA Center for Contemporary Art in Beijing, succeeding Philip Tinari who stepped down shortly before the Lunar New Year. A veteran of the institution since 2012, Kong previously served as vice president of brand and is now tasked with overseeing UCCA’s multiple branches in Beijing, Beidaihe, and Yixing. Her leadership marks a shift toward a new management structure focused on institutional sustainability and public accessibility.

Yves Saint Laurent’s Lalanne Mirrors Set for $15 Million Sale

Sotheby’s has announced the sale of a monumental set of 15 gilt-bronze mirrors by Claude Lalanne, originally commissioned by fashion icon Yves Saint Laurent for his Paris apartment. The mirrors are the centerpiece of a 123-lot auction from the collection of Jean and Terry de Gunzburg, scheduled for April 22 at the Sotheby’s Breuer building. Estimated to fetch between $10 million and $15 million, the mirrors represent a significant appreciation in value since the de Gunzburgs acquired them for approximately $2.4 million at the historic 2009 Saint Laurent estate sale.

Rare Zaha Hadid Pavilion Comes to Auction

A rare, clamshell-shaped VOLU Dining Pavilion designed by architect Zaha Hadid and Patrick Schumacher is heading to auction at Hermitage Fine Art in Monaco. The prefabricated outdoor structure, originally created for the 2015 Design Miami fair, is expected to fetch between €900,000 and €1.1 million. This marks only the second time a completed edition of this pavilion has been offered at auction.

Selling Collectibles Is Big Business. Heritage Auctions’s Joe Maddalena Says It’s Just Getting Started

Heritage Auctions achieved a record $2 billion in sales in 2025, driven by explosive growth in the collectibles market. CEO Joe Maddalena highlights the sustained and increasing global demand for categories like sports memorabilia, comic books, trading cards, and vintage toys, noting that money previously focused on traditional art is now consistently flowing into these areas.

One of John Lennon’s Final Autographs Hits the Auction Block

A promotional poster for John Lennon and Yoko Ono's album 'Double Fantasy,' signed by Lennon on the morning of his murder on December 8, 1980, is being auctioned by Propstore in London. The lot, estimated between £60,000 and £120,000, includes the RKO Radio archives from Lennon's final interview.

Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.