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picasso christies hong kong industry moves 1234753521

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.

Marianne and Edward Gibson Art Museum opens at SFU Burnaby campus

The Marianne and Edward Gibson Art Museum, a new 12,100-square-foot facility on the Simon Fraser University Burnaby campus in British Columbia, has officially opened to the public. Designed by Siamak Hariri of Hariri Pontarini Architects, the museum features B.C.-sourced mass timber beams, floor-to-ceiling windows, and a layout that integrates with the surrounding forest. Its inaugural exhibition, "Edge Effects," includes works by artists such as Debra Sparrow, Cindy Mochizuki, Patrick Cruz, Lorna Brown, and Jin-me Yoon, and the museum also houses approximately 5,900 works from the Simon Fraser University Art Collection.

christies sothebys auction houses luxury fashion art 1234749341

Auction houses Christie's, Sotheby's, and Phillips are increasingly relying on luxury goods—such as handbags, jewelry, wine, and whiskey—to offset a sharp decline in fine art sales. Fine art sales at these houses fell 44% in the first half of 2025 compared to 2022, creating a roughly $3 billion gap. Luxury sales have surged to a 20.2% market share by value in 2025, with Christie's reporting a 30% rise in luxury sales to $468 million in the first half of 2025, and Sotheby's luxury sales topping $2 billion for three consecutive years. Notable sales include a record $10 million Hermès Birkin bag and a $72 million jewelry auction in Geneva.

Phillips’ Mill’s “96th Juried Art Show” Opens Sept. 20

Phillips’ Mill Community Association will host its 96th Juried Art Show from September 20 to October 26 at the historic grist mill in New Hope, Pennsylvania. The exhibition features a record-breaking 700+ artworks submitted by artists from Bucks County and the River Towns region, with an opening night preview on September 19 for patrons and accepted artists. The event includes 25 awards totaling $14,500, and for the first time, the opening requires tickets. Honored Artist Shawn Campbell and Signature Image artist Jay McPhillips will greet guests, and a jury of art professionals selected the works.

‘Unicorn’ collection, expected to fetch $180m, comes to Christie's

The Weis family, secretive mega-collectors behind the supermarket chain Weis Markets, are selling 80 artworks from their private collection at Christie's in November. The collection, assembled over nearly seven decades by the late Robert F. Weis and his wife Patricia G. Ross, includes major works by Pablo Picasso, Mark Rothko, Max Ernst, and Henri Matisse, and is expected to fetch over $180 million. Christie's secured the sale by offering an advance of nearly $200 million, reflecting strong confidence in the trove.

Washington, D.C., Museums are Showcasing African American Art, Exhibitions Focus on Photography and the Black Arts Movement, Vivian Browne, Adam Pendleton & More

Museums across Washington, D.C., are currently presenting a robust slate of exhibitions focused on African American art, including major retrospectives, solo shows, and thematic group presentations. Notable shows include "Elizabeth Catlett: A Black Revolutionary Artist" at the National Gallery of Art, "We Gather at the Edge: Contemporary Quilts by Black Women Artists" at the Renwick Gallery, solo exhibitions for Vivian Browne and Essex Hemphill at The Phillips Collection, Chakaia Booker's "In the Tower" at the National Gallery, and Adam Pendleton's "Love, Queen" at the Hirshhorn Museum. Additionally, collectors Larry D. and Brenda A. Thompson have pledged 175 works by Black artists to the National Gallery, with over 60 on view in "With Passion and Purpose."

Meet new curator and concept of the Off white Charity Auction 2018

The 5th anniversary edition of the Off White contemporary art charity auction, organized by the Cosmoscow International Contemporary Art Fair, will take place on June 8, 2018, in partnership with Phillips auction house. For the first time, the auction will be curated by international curator Leopold Thun, co-runner of Emalin gallery in London, who will introduce a new concept, date, venue, and international perspective. Proceeds will benefit the Cosmoscow Foundation for Contemporary Art.

Record Prices, New Buyers and Global Reach: Design’s Moment Has Arrived

Global auction sales for design, decorative arts, and furniture surged 20.4 percent to $172 million in the first half of 2025, according to ArtTactic, while other art market segments declined. Sotheby’s design sales in New York and Paris reached $75 million combined, among the highest totals ever for the category, with Christie’s and Phillips also posting strong results. Record prices were set for works by Tiffany Studios, including the Danner Memorial Window ($12.4 million) and a Frank Lloyd Wright lamp ($7.5 million), fueled by new and younger buyers and institutional acquisitions.

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Sotheby’s will auction Eddie Van Halen’s custom-built 1982 Kramer guitar, estimated at $2–3 million, as the centerpiece of its inaugural “Grails Week” in New York this October. The instrument, unseen for over 40 years, was played on tour, later owned by Mötley Crüe’s Mick Mars, and features Van Halen’s iconic red, black, and white striped design. The week-long sales series will also include Bob Dylan lyrics, Rolling Stones album artwork, and a Beatles cymbal.

Artists in Haddington to hold open studios weekend

Artists in Haddington, Scotland, are organizing an open studios weekend on September 6 and 7, showcasing their work across seven venues including homes, a garage, a gallery, an arts hub, and an arts centre. Organizer Alistair McIntyre, who previously ran a similar event in Musselburgh, has signed up 15 artists for the event, with participants including Jacqui Wilkie, Fiona Lambert, Sheena Phillips, and others working in media such as painting, needle felting, printmaking, and sculpture.

matt bangser art intelligence amy cappellazzo 1234749236

Matt Bangser, a longtime director at Blum gallery (formerly Blum & Poe), will join Art Intelligence Global (AIG) as senior director on September 8. Bangser spent 16 years at Blum overseeing global sales and securing major estates like Robert Colescott, and previously held senior posts at Van de Weghe Fine Art, Phillips, and Christie's. His move follows the closure of Blum's Los Angeles and Tokyo galleries last month, when founder Tim Blum announced he was leaving the traditional gallery model. AIG co-founder Amy Cappellazzo said Bangser's experience across galleries, auction houses, and artist studios made him a rare hire.

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Phillips auction house announced a new fee structure for fall 2025 called "priority bidding," which offers lower buyer's premium rates to bidders who place written bids at least 48 hours before a live sale. The move aims to encourage early engagement and generate more spirited bidding, while also providing certainty for sellers. The house is simultaneously raising its standard buyer's premium to as high as 29 percent on works up to $1 million, making it the highest among major auction houses. CEO Martin Wilson, who took over in January, hopes the program will mitigate risk and shore up sales of mid-priced works.

Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales at Sotheby's, Christie's, and Phillips fell to $3.98 billion in the first half of 2025, a 6% decline from the same period in 2024 and the lowest total in at least a decade excluding the pandemic. Postwar and contemporary art, the traditional growth engine, dropped 19%. ArtTactic cites lingering concerns over global economic growth, inflation, and geopolitical tensions as dampening confidence, even as wealthy individuals' personal wealth and stock markets reach record highs.

old masters making a comeback in london art basel on how to get gallery representation and more morning links for july 24 2025 1234748155

Old Masters are making a comeback in London, driven by a new collector base and a price recalibration that could democratize the market. Recent evening auctions at Christie’s and Sotheby’s in the UK capital brought in a combined £58 million ($78 million), a significant increase from last year, outperforming many other art categories. Dealer Alessandra di Castro notes that buyers now demand security, provenance, and professionalism, with fewer speculators due to the art market's recent troubles.

art market mugrabi nahmad kenny schachter 2669458

Kenny Schachter critiques the art market's doomsaying media narrative, coining the acronym Salsa (Scribes Always Love Sensational Apocalypse) to describe clickbait-driven hype. He contrasts current market anxieties with past downturns, notably the 1991-1996 recession when the market evaporated, citing a 1991 Roberta Smith article. Schachter observes that the Nahmads and Mugrabis, once feuding families, now invest together, and he recounts his experience at Phillips during his "Hoarder 6" exhibition, where young collectors showed genuine interest. He argues that the market, though wounded, remains healthy and calls for a less transactional, more patient approach to selling art.

phillips auction house new priority bidding structure 1234747999

Phillips auction house will launch a new "priority bidding" fee structure this September, offering a lower buyer's premium rate to bidders who place a binding written bid at least 48 hours before a live auction, provided the bid meets or exceeds the lot's low estimate. The standard buyer's premium will remain at 29/22/15 percent for New York sales, while priority bidding rates drop to 25/20/14 percent. The policy applies to live auctions across New York, London, Hong Kong, Geneva, and Paris, but excludes watch auctions and timed online-only sales.