Yoshitomo Nara's Work Sets Record for Highest Price in Domestic Korean Art Auction History

The work of artist Yoshitomo Nara, who represents Japanese contemporary art, has been sold at the hi..

Yoshitomo Nara’s 2016 painting "Nothing About It" has set a new record for the highest price ever achieved at a domestic South Korean art auction. Sold by Seoul Auction for 15 billion won (approximately $11 million), the work features the artist's signature wide-eyed child and surpassed its low estimate of 14.7 billion won. The same sale also saw Yayoi Kusama’s 2015 "Pumpkin" fetch 10.45 billion won, marking a historic session where multiple works exceeded the 10 billion won threshold.

Yoshitomo Nara Painting Fetches 15 Billion Won, Sets Record for Korean Auction

Yoshitomo Nara’s painting "Nothing about it" has set a new record for the highest price ever achieved at a Korean art auction, selling for 15 billion won ($11 million) at Seoul Auction’s Gangnam Center. The sale significantly surpassed the previous record of 9.4 billion won held by Marc Chagall’s "Bouquet de Fleurs." The auction also saw a major result for Yayoi Kusama, whose "Pumpkin" painting fetched 10.45 billion won, marking the second-highest price in Korean auction history.

RELEASE: Christie's Spring Auction Series in New York Achieves a Combined Total of $1.79 billion - Christie's

Christie’s concluded its Spring auction series in New York with a historic total of $1.79 billion, bolstered by the landmark sale of the Peggy and David Rockefeller Collection. The two-week marathon featured high-profile evening and day sales that attracted over 85,000 visitors and bidders from 52 countries. Significant results included record-breaking prices for artists such as Kazimir Malevich, Constantin Brancusi, and Joan Mitchell, alongside major works by Francis Bacon and Vincent van Gogh.

Records for English painting and Fontana's cuts push the auction

Sotheby’s London kicked off the spring auction season with a robust modern and contemporary art evening sale, totaling £131.7 million and achieving a rare 100% sell-through rate. Despite global political uncertainty, the auction saw aggressive bidding for British post-war masterpieces and Italian avant-garde works. The event also marked the debut of Sotheby’s new commission structure, which lowers fees for high-value lots to incentivize larger transactions.

Booming stock market is fueling a mega-billion return to classic art and a backlash to junk

A booming stock market and increased disposable income among the ultra-wealthy have fueled a $2.2 billion fall auction season in New York, led by Gustav Klimt's "Portrait of Elisabeth Lederer," which sold for $236.4 million at Sotheby's. Other major sales include Frida Kahlo's "El sueño (la cama)" setting a record for a female artist at $55 million, and Mark Rothko's "No. 31 Yellow Stripe" fetching $62 million at Christie's. The surge is attributed to a convergence of high-quality estates coming to market—including those of Leonard Lauder, Robert and Patricia Ross Weis, and Jay and Cindy Pritzker—and renewed confidence among wealthy buyers after a stagnant period for art prices.

Artists and Gulf royalty top ArtReview Power 100 list

ArtReview has released its 2025 Power 100 list, ranking the most influential figures in the art world over the past year. Artists dominate the top ten, with Ghanaian artist Ibrahim Mahama taking the first place for using his art profits to build institutions and community spaces in Tamale. Other top artists include Wael Shawky, Ho Tzu Nyen, Amy Sherald, Kerry James Marshall, Forensic Architecture, and Wolfgang Tillmans. Gulf royalty also feature prominently: Sheikha Al-Mayassa bint Hamad bin Khalifa Al-Thani of Qatar ranks second, and Sheikha Hoor Al Qasimi of Sharjah ranks third, reflecting the region's growing art-world influence. The list also includes academic Saidiya Hartman as a "thinker" in eighth place.

India Phillips Appointed Managing Director, Modern & Contemporary Art, Europe at Phillips

Phillips has appointed India Phillips as Managing Director, Modern & Contemporary Art, Europe, effective February 2026. Based in London and reporting directly to the CEO, she will focus on expanding the auction house's presence across Europe. Phillips joins after a decade at Bonhams, where she most recently served as Managing Director, EMEA. The announcement also includes promotions for Marianne Hoet to Chairman, Modern and Contemporary Art Europe, Olivia Thornton to Deputy Chairwoman, and Matt Langton to Deputy Chairman, Modern and Contemporary Art, Europe.

Mandopop Icon Jay Chou Curates Two Dazzling Sales of Art and Memorabilia

Taiwanese Mandopop superstar Jay Chou has curated two simultaneous auctions on Pharrell Williams's platform Joopiter: one featuring 14 personal memorabilia items from his three-decade career, and another titled "The Contemporary Take: A Look With Jay Chou" offering 25 paintings and prints by international artists. Highlights include works by Oscar Yi Hou, Young-il Ahn, Daniel Richter, Hajime Sorayama, Diane Dal-Pra, Ernie Barnes, and Yoshitomo Nara. Bidding closes on October 31 for the art sale and November 4 for the memorabilia. Proceeds from the memorabilia sale will support a charitable initiative backed by Chou.

Phillips Hosts Landmark Hong Kong Auction To Celebrate 10 Years in Asia

Phillips celebrated its 10th anniversary in Asia with a landmark auction in Hong Kong on September 27 and 28, featuring a wide range of modern and contemporary art. The sale generated $28 million across evening and day auctions, with top lots including Yoshitomo Nara's "Pinky" ($7.2 million), Zao Wou-Ki's "27.01.86" ($3.83 million), and Tom Wesselman's "Smoker #17" ($1.8 million). The auction also included works by Andy Warhol, Takashi Murakami, Yayoi Kusama, and others, with a public preview held from September 22 to 28 at Phillips' West Kowloon galleries.

Aryz: color, shape and essence at the Senda Gallery

Aryz, the Catalan urban artist born Octavi Arrizabalaga, presents his first solo exhibition at Senda Gallery in Barcelona, titled *Preludio*. The show features large-format oil paintings that engage with art history, reinterpreting works by masters such as Simon Vouet, Jan van Eyck, and Rubens through a contemporary lens. The exhibition marks a deliberate shift from his celebrated large-scale murals toward a more personal studio practice, emphasizing the painter's craft and cultural transmission.

Top auction houses draw Southeast Asia’s elite art buyers

Auction houses Sotheby's, Christie's, and Bonhams are seeing a surge in participation from wealthy Southeast Asian collectors, particularly Millennials and Gen Z. Elaine Holt of Sotheby's Asia reports significant growth in collector activity from the region, with strong bidding at recent Hong Kong sales. Christie's Asia-Pacific president Francis Belin notes Southeast Asia is now the firm's third-largest buying market in Asia-Pacific, led by Singapore and Indonesia, with notable increases from Vietnam. Bonhams' managing director for Asia, Julia Hu, reports a 67% year-on-year rise in Southeast Asian auction spending. Younger buyers are driving demand, with Millennials and Gen Z accounting for 37% of Bonhams' Hong Kong buyers and 40% of Sotheby's Hong Kong marquee sales. A Renoir painting sold for $23.56 million to a collector in their 30s, highlighting youthful buying power.

‘Momentous’: Italy to slash art VAT to 5%, the lowest rate in the EU

Italian lawmakers have approved a reduction of VAT on art sales from 22% to 5%, the lowest rate in the European Union. The decision, announced by culture minister Alessandro Giuli after a cabinet meeting on June 20, is expected to take effect this week. The reform follows intense lobbying by art market groups and a letter signed by 500 art world figures, including artists Maurizio Cattelan and Michelangelo Pistoletto, who warned the high rate was turning Italy into a "cultural desert." The tax cut must be passed by parliament within 60 days to remain in force, and may also apply to import VAT, potentially making Italy the most competitive art market in Europe from a tax standpoint.

Pauline Karpidas collection estimated to make £60m at Sotheby's

Sotheby's will hold a two-day sale in London on September 17-18 of around 250 works from the collection of British patron Pauline Karpidas, estimated at over £60 million—the highest estimate ever for a single-owner collection at the auction house in Europe. The sale includes Surrealist works by Max Ernst, Niki de Saint Phalle, Francis Picabia, and Salvador Dalí, alongside pieces by Andy Warhol and design objects by Les Lalanne, all drawn from Karpidas's London home.

Christie’s names new global president

Christie’s has appointed Alex Rotter as its new global president, marking another leadership change at the auction house. Rotter, who previously led the 20th- and 21st-century art department, will retain those responsibilities while developing strategies for auction and private sales. He joined Christie’s in 2017 and oversaw record-breaking sales including Jeff Koons’s *Rabbit* ($91.1m), Andy Warhol’s *Shot Sage Blue Marilyn* ($195m), and the *Salvator Mundi* attributed to Leonardo da Vinci ($450.3m). The appointment was made by CEO Bonnie Brennan, who succeeded Guillaume Cerutti earlier this year.

Martha Stewart Curates JOOPITER’s Art Debut

JOOPITER, the auction platform founded to rethink collecting for a digital generation, will launch its first dedicated contemporary art sale this spring. Titled "The Contemporary Take," the online auction runs from April 28 through May 6, 2025, and is curated in collaboration with Martha Stewart. The sale features nearly fifty works by established and emerging artists, including Alex Katz, Jeff Koons, Amy Sherald, George Condo, Esther Mahlangu, Lynette Yiadom-Boakye, Ai Weiwei, and Damien Hirst, selected to reflect the renewal and vibrancy of the season. The auction also marks the debut of late Iranian-American artist Davood Roostaei.

Beowolff Combines Artsy and Artnet in Digital Art Market Push

Beowolff Capital has consolidated two of the art world’s digital giants, Artsy and Artnet, under a single ownership structure. While both platforms will maintain their distinct brand identities, they will begin integrating their underlying infrastructure and data systems. Jeffrey Yin, the current leader of Artsy, will take the helm as CEO of the combined entity, with Beowolff founder Andrew Wolff serving as chairman.

artlogic artcloud merger

Artlogic, a major art inventory management firm, and ArtCloud, a gallery software company specializing in collector engagement and AI tools, have announced a merger. The combined entity will support over 6,000 galleries, artists, and collectors, managing more than 15 million artworks. Artlogic CEO Mike Profit described the move as a long-term infrastructure play, while ArtCloud CEO Alex West will become Chief Innovation Officer of the merged company.

WHO ARE THE CURATORS THAT WILL LEAD THE NEXT BIENAL DE SAO PAULO

The Fundação Bienal de São Paulo has appointed Amanda Carneiro and Raphael Fonseca as chief curators for the 37th Bienal de São Paulo, scheduled for 2027 at the Pavilhão Ciccillo Matarazzo in Ibirapuera Park. Carneiro, a curator at MASP since 2018 and an artistic organizer for the 2024 Venice Biennale, and Fonseca, a visual arts curator at Culturgest and curator-at-large at the Denver Art Museum, will lead the largest visual arts event in Latin America.

Emerging Practices and New Languages: This is How Pinta Lima 2026 is Shaped

EMERGING PRACTICES AND NEW LANGUAGES THIS IS HOW PINTA LIMA 2026 IS SHAPED

Pinta Lima has announced the details for its 13th edition, scheduled to take place from April 23 to 26, 2026, at Casa Prado. Under the artistic direction of Irene Gelfman, the fair will feature 45 galleries from 15 international cities, with nearly 70% of participants arriving from outside Peru. The event is structured into five specialized sections, including the Main Section, RADAR (curated by Ilaria Conti), NEXT (curated by Juan Canela), and dedicated spaces for video and special projects.

Kazakhstan's creative industry accelerates. A new foundation supporting the art scene emerges

L’industria creativa del Kazakhstan accelera. Spunta una nuova fondazione che sostiene la scena artistica

A new private foundation called TOVA Foundation, based in Geneva, has been established to promote contemporary art from Central Asia, specifically focusing on Kazakhstan's art scene. The foundation debuted at the Venice Biennale with an exhibition titled "Trading Treasures" featuring Kazakh artists Saule Suleimenova and Sayan Baigaliyev at Casa dei Tre Oci. The initiative is backed by Togzhan Wertheimer, a Kazakh-born entrepreneur and philanthropist connected to the fashion industry through her husband David Wertheimer, and includes a board with figures like Tatiana de Pahlen and art consultant Jean-Olivier Despres. The foundation's curator is Vladislav Sludskiy, who previously worked at Ethan Cohen Gallery and co-founded the ARTBAT FEST and Eurasian Cultural Alliance.

Directors Chosen by Internal Call Rather Than Competition: The Great Restoration of State Museums

Direttori scelti per interpello e non per concorso. La grande restaurazione dei musei statali

The Italian state museum system is undergoing a significant reversal of the landmark 2015 Franceschini reforms, which originally opened director positions to international competition and private-sector expertise. Recent appointments at major institutions like the Reggia di Caserta and the Gallerie dell’Accademia in Venice indicate a shift away from global searches toward internal ministerial assignments, effectively turning museum leadership back into a closed bureaucratic career path.

Lee Jong-gu turns 'Pensive' in self-reflective solo exhibition at Hakgojae Gallery

Veteran Korean artist Lee Jong-gu, a key figure in the 1980s minjung art movement, has opened a solo exhibition titled "Pensive" at Hakgojae Gallery in Seoul. The show features 38 paintings that mark a shift from his decades-long focus on social realism toward a more contemplative approach, centering on the bangasayusang (contemplative bodhisattva figures) from the National Museum of Korea. Lee blends these sacred images with nude bodies, flames, and crowd scenes, drawing on the Buddhist concept of non-duality to explore themes of life, death, and the sacred versus the profane. The exhibition runs through June 20.

Winfred Gaul | May (1969) | For Sale

A screenprint titled "May (1969)" by German Abstract artist Winfred Gaul is being offered for sale through RoGallery Auctions on Artsy. The work, edition 6/100, was originally featured as the image for May in the 1969 Domberger calendar, which included screenprints by 12 prominent artists. The print is signed and numbered in pencil, with an estimated value of $600–$900 and a starting bid of $250. The listing includes a biography of Gaul, noting his studies at the University of Cologne and the Academy of Fine Arts in Stuttgart, his first solo exhibition in 1956 at Gurlitt Gallery in Munich, and his participation in Documenta 2 in 1959. His work is held in major museum collections including MoMA, the National Gallery of Art, and the Art Institute of Chicago.

Contemporary Art Studio Castle Gallery Is Opening in Middleburg

Castle Gallery, a new contemporary and local art space, will open this weekend in Middleburg, Virginia, timed with the town's Christmas parade. Founded by art advisor Catherine Dolaher, the gallery is her first permanent location after a successful Georgetown pop-up. The opening features works by local artists Caroline Jean Gray, Lydia Marie Elizabeth, Megan Elizabeth, and Tara Andris, with prices ranging from under $200 to $10,000. Dolaher, who previously worked at the Hirshhorn Museum and other institutions, aims to blend contemporary art with a welcoming, home-like atmosphere, partnering with The Paradise Antiques for furnishings.

New National Galleries of Scotland chair to lead opening of Edinburgh’s The Art Works

The National Galleries of Scotland has appointed Catherine Muirden as the new Chair of the Board, effective 1 November 2025, for a four-year term. Muirden brings extensive experience from corporate roles at Barclays, Marks & Spencer, the John Lewis Partnership, and The Co-operative Group, alongside two decades of arts board service in Scotland, including as Vice Chair of Scottish Ballet and Chair of the Fruitmarket Gallery. She succeeds Benny Higgins, who led the board through a period of significant challenges. Director-General Anne Lyden expressed enthusiasm for working with Muirden to advance The Art Works, a new state-of-the-art facility in North Edinburgh that will serve as a community space, conservation center, and art storage hub, enabling broader public access to Scotland's national collection.

New Public Gallery to Open in Calgary

The Alberta Foundation for the Arts (AFA) is opening a new public gallery called AFA's art house in the Edison gallery space in downtown Calgary. A grand opening is scheduled for September 10, 2025, featuring works by Alberta artists and pieces from the AFA Art Collection, which was established in 1972 to document the province's visual art history. Alberta Premier Danielle Smith and AFA Chair Cynthia Moore are expected to attend. The Edison space previously hosted pop-up exhibitions from the Glenbow, which is currently closed for major renovations until 2026.

art fair conductor powerhouse arts new york

Conductor Art Fair made its debut at Powerhouse Arts in Gowanus, Brooklyn, with a VIP preview night on April 29, ahead of its public run from April 30 to May 3. Led by Powerhouse Arts President Eric Shiner and Fair Director Adriana Farietta, the event drew over 800 guests, featuring installations by Juan Jose Barboza-Gubo, House of Silence by Vuslat, and Sana Frini, along with 28 gallery exhibitors and 20 special projects. A performance by Grammy-nominated artist Lido Pimienta highlighted the evening, and the fair showcased works by numerous artists and gallerists.

design salone del mobile 2026 milan raritas

Salone del Mobile 2026 in Milan debuted a new curated section called Salone Raritas, tucked into Pavilion 9 of the fairgrounds. Conceived by fair editorial and cultural director Annalisa Rosso with exhibition design by Formafantasma, the selective showcase brought together 28 exhibitors from 32 countries, featuring rare collectibles, antiques, limited editions, and high-end craft. Highlights included Saudi design house Zaza Maison, Marseille gallery 13desserts, Italian gallery Serafini with works by Indian designer Karan Desai, and live ceramic assembly by Officine Saffi Lab. Formafantasma’s sustainable design used reusable wooden dividers and drilling-free hanging systems.

Greece Introduces New Law to Combat Art Forgery and Vandalism

Greece has enacted a landmark legislative framework specifically designed to combat art forgery, vandalism, and the trade of counterfeit cultural property. The new law introduces stringent criminal penalties, including prison sentences of up to ten years and fines reaching €300,000, while mandating the destruction of works confirmed as fakes. Key provisions include the creation of an independent registry of forgery experts under the culture ministry and the expansion of legal protections to include historically significant cinemas.

Artists Grapple With Cesar Chávez’s Legacy After Abuse Allegations

Latine artists and cultural institutions across California are confronting the legacy of labor leader Cesar Chávez following allegations of his sexual abuse. Murals are being removed or replaced, artists are withdrawing work featuring him, and institutions are canceling events, as the community processes a profound collective trauma tied to a figure central to their identity and activism.