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.
Global fine-art auction sales reached $11.7 billion in 2025, marking a 13.3 percent increase over the previous year and the first market growth since 2021. While the first half of the year was hampered by inflation and geopolitical tensions, a surge in the second half—particularly during New York’s November marquee sales—pushed the market upward. This recovery was led by a renewed appetite for "trophy works," highlighted by the record-breaking $236.4 million sale of Gustav Klimt’s Portrait of Elisabeth Lederer at Sotheby’s.
b of a arttactic art market report 2026 trends
The US art market experienced a 23 percent increase in auction sales in 2025, reaching approximately $3.17 billion according to a joint report by Bank of America and ArtTactic. This growth was not fueled by a rise in general demand but was instead driven by high-value estate consignments, a return to established historical artists, and a heavy reliance on financial guarantees. The data indicates a shift away from the speculative flipping of 'wet paint' contemporary works, which saw negative returns for pieces held for less than five years.
The global art market returned to growth in 2025, reaching $59.6 billion in sales according to the latest Art Basel and UBS Art Market Report. This 4 percent increase ended a two-year decline, driven primarily by a 9 percent surge in public auction sales and a significant revival in high-value transactions for works priced over $10 million. While the United States maintained its dominant 44 percent market share, the recovery was uneven, with the Impressionist and Old Masters sectors seeing major gains while Postwar and Contemporary art continued to cool.
Frank Frazetta’s 1973 painting 'Captive Princess,' originally created as cover art for Edgar Rice Burroughs’s novel 'The People That Time Forgot,' is heading to auction at Propstore with a high estimate of $1 million. The work, which depicts a dramatic abduction scene involving prehistoric figures, leads a major sale of entertainment memorabilia that includes iconic film props like a 'Jaws' harpoon gun and a C-3PO head.
Renowned artist and activist Ai Weiwei critiques the intersection of artificial intelligence and censorship, drawing parallels between AI's algorithmic limitations and the Chinese government's systematic suppression of dissent. Using the emergence of the Chinese AI model DeepSeek as a catalyst, Ai recounts how the tool refused to discuss him, mirroring the state's long-standing strategy of erasing sensitive topics from public discourse. He argues that AI's reliance on existing data sets inherently replicates societal biases and moral codes, leading to factual inaccuracies and the homogenization of human thought.
Artnet Pro's Asia Pivot newsletter consulted feng shui masters and artists versed in Chinese metaphysics to forecast trends for the 2026 Year of the Fire Horse. Predictions include high volatility in financial markets and the art sector, a potential slowdown in traditional Western markets like Europe and North America, and continued growth in emerging regions such as Southeast Asia, South Asia, and the Gulf. A 'big disruption' from the Global South is anticipated in the first half of the year, followed by market growth in the latter half.
The inaugural edition of Art Basel Qatar concluded in Doha, marking a significant new chapter for the Gulf art market. The fair adopted a smaller, curated format and was notably overseen by Egyptian artist Wael Shawky, who served as its artistic director, bringing a curatorial perspective to the commercial event.
Sotheby's second auction in Saudi Arabia, titled 'Origins II,' achieved a strong result of $19.6 million, surpassing its presale estimate. The sale of 61 lots was bolstered by a new auction record for a Saudi artist and a significant increase in the value and volume of works by Saudi artists sold compared to the house's inaugural sale in the country last year.
Phillips reported global sales of $927 million for 2025, a 10% increase over the previous year. Auction sales accounted for $725 million, while private sales surged 66% to $202 million. The auction house attributed growth to the launch of Priority Bidding, a platform offering reduced buyer's premiums for early bids, which led to a 275% increase in early selling bids. Phillips achieved an 88% sell-through rate by lot, with seven white-glove auctions and over 110 world auction records. Notable sales included a Patek Philippe watch for $17.6 million and Francis Bacon's *Study for Head of Isabel Rawsthorne and George Dyer* (1967) for $16 million. The luxury watch division generated $290 million, its highest annual total, and the Dropshop platform attracted many first-time and younger buyers.
Christie's closed 2025 with $6.2 billion in projected global sales, a nearly seven percent increase from $5.8 billion in 2024 and in line with its 2023 total. Auction sales reached $4.7 billion, up eight percent year-over-year, while private sales held steady at $1.5 billion. The year's top lot was Mark Rothko's *No. 31 (Yellow Stripe)*, which sold for $62.1 million in New York. Other highlights include a record Picasso sale in Hong Kong ($25.4 million) and the Fabergé Winter Egg in London (£22.9 million). The house also saw strong performance from its automobiles business, Gooding Christie's, which delivered $234 million in sales. Geographically, the Americas grew 15 percent to $2.58 billion, while Asia-Pacific slipped 5 percent.
Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.
American artist Alan Sonfist, a pioneer of the Land Art movement known for his 1978 work "Time Landscape" in New York City, has opened a solo exhibition titled "Seeds of Time" at Parco Arte Vivente (PAV) in Turin, Italy. Curated by Marco Scotini, the show features a new installation, "Growth Between the Cracks" (2025), for which Sonfist collaborated with local residents to collect soil samples from overlooked urban spaces across Turin. The exhibition revisits Sonfist's early ecological works and includes a conversation between the artist and curator about the evolution of environmental art.
Art Basel is expanding to the Middle East with a new fair in Doha, Qatar, set to launch in February 2026. The inaugural edition will feature around 50 galleries from local and international scenes, held across two venues: M7 and the Doha Design District. The fair is a partnership between Art Basel, Qatar Sports Investments (QSI), and QC+, a cultural commerce collective under Qatar Museums. A new artistic director will be announced soon, and the fair aims to scale up over time, with additional art activations in outdoor spaces like Msheireb Museums and Barahat Msheireb square.
Congolese artist Jean Katambayi Mukendi has opened a solo exhibition titled "RATIO" at the KW Institute for Contemporary Art in Berlin. The show features works that interrogate fundamental dualities such as the natural versus the artificial, growth versus destruction, and the dynamics between resources and power.
The article surveys 11 art exhibitions opening across the Hudson Valley in May 2026, highlighting a regional preoccupation with structure, materiality, and resistance to singular narratives. Featured shows include "Surface, Structure, String" at Hudson Hall, a textile survey curated by Richard Saja with artists like Portia Munson and Laleh Khoramian; "Jose Picayo: 35 Years in Photographs" at Robin Rice Gallery; "The Linda McCartney Retrospective: From the Light" at the Fenimore Art Museum; "Carol Seitz: Growth in Difficult Places" at Convey/er/or; and "Stephen Olivier: Hazmat" at ASK in Kingston, among others.
The Newport Art Museum has launched the Gertrude Vanderbilt Whitney Society, a new fund to support ambitious exhibition programming. The initiative was previewed at the Members' Show Exhibition and will be announced at the Julie Keyes Gallery Pop Up at Palm Beach Modern Auctions on February 13. The fund will support major projects including 'Sheila Isham: Between Worlds' opening July 10 and a 2028 exhibition on Edward Mitchell Bannister developed with multiple partners. The society is named after Gertrude Vanderbilt Whitney, a charter member of the Newport Art Association and influential arts patron.
Wallace Chan, the Chinese artist known for his work across microscopic gemstone carving and monumental titanium sculpture, is presenting two concurrent exhibitions in Venice during the 61st Venice Biennale: “Vessels of Other Worlds” at the Pietà Chapel and “Mythos” at Scala Contarini del Bovolo. In an interview with ArtAsiaPacific, Chan discusses his artistic journey from traditional Chinese Buddhist carving to Western iconography, the spiritual resonance of the Pietà Chapel (where Vivaldi composed), and how his works explore themes of transformation, birth, growth, and rebirth through the lens of Buddhist philosophy and Catholic ritual.
CULTURED magazine profiles emerging galleries participating in the Positions sector of Art Basel Miami Beach 2025, highlighting their experiences and aspirations. The article features interviews with Allann Seabra and Ian Duarte of Verve gallery in São Paulo, who discuss their gallery's growth, representation of Afro-Brazilian artists at the 36th Bienal de São Paulo, and their mission to broaden global understanding of Brazilian contemporary art. Also featured is Mauricio Aguirre of N.A.S.A.L., a gallery based in Mexico City and Guayaquil, Ecuador, who describes his year as challenging, hectic, and promising.
A new report from Artnet reveals that online-only auctions at Sotheby’s, Christie’s, Phillips, Bonhams, and Artnet Auctions generated $423.9 million in 2025, an 8% increase from 2024. The average price of artworks sold online also rose 8.6% to $14,309, with some platforms like Fair Warning finding success through hyper-specific sales, such as one centered on Andy Warhol’s 1974 portrait of Brigitte Bardot. Christie’s reported that 63% of new buyers made their first purchase online in 2025, where the average price point was $22,700.
The Hepworth Wakefield in West Yorkshire has appointed Olivia Colling as executive director and Laura Smith as artistic director, filling the leadership void left by former director Simon Wallis, who departed last summer to lead the Royal Academy of Arts. Colling, who joined the gallery in 2015, previously oversaw commercial income and capital projects, while Smith, who arrived in 2022, has focused on expanding the collection and curated a Helen Chadwick retrospective in 2025; her upcoming exhibition features the late Indian sculptor Mrinalini Mukherjee.
Artists Merryn Omotayo Alaka and Sam Frésquez have created a collaborative exhibition titled "Your Birth is My Birth" at Jane Lombard Gallery in Chicago. The show features synthetic hair sculptures made from Kanekalon, suspended from the ceiling and spread across the floor like organic growths. Five distinct "species" of sculptures—Listening Roots, Hearing Bells, Mother & Child, Stacking Pearls, and Umbra Pods—draw inspiration from epiphytes, non-parasitic plants that grow on host specimens. The works explore themes of symbiosis, interdependence, and genetic inheritance, with mirrored forms emerging within vertical tendrils.
Artist Lotus L Kang has created a new installation titled 'The Face of Desire is Loss' for the inaugural Bulgari Pavilion at the 61st Venice Biennale. The pavilion, located at the Giardini entrance, features Kang's signature use of light-sensitive photographic film that reacts to the environment, suspended from steel joists with large holes inspired by the lotus root motif. The work draws on a line by poet Lara Mimosa Montes and explores themes of absence, loss, and the void, with the film changing color over time from deep purple to hues resembling bruise, blood, and bile.
This week's cultural agenda in Belgium highlights three major events: the 75th anniversary of the Queen Elisabeth Competition, which focuses on cello for only the third time since 2017, featuring 64 young cellists from over 20 countries; the 12th edition of Antwerp Art Weekend, spanning 88 venues with a strong emphasis on emerging talent and politically engaged works; and a new exhibition at the Permekemuseum exploring Constant Permeke's formative years in wartime England. The competition includes a world premiere of 'Caffeine' by Belgian composer Harold Noben, and the winner will receive the use of Pablo Casals' historic 1733 Goffriller cello.
ShugoArts in Tokyo presents 'Star of the Wilderness,' an exhibition by Japanese artist Masato Kobayashi celebrating the publication of the final volume of his autobiographical novel trilogy *Paint of this Planet*. The show features new works, including two large-scale paintings—'Artist and the Model' (over 2.6 meters) and 'Star of the Wilderness'—that exemplify Kobayashi's distinctive method of stretching canvas onto its frame while painting directly with his hands. The exhibition traces his journey from Kunitachi, Tokyo, to Ghent, Belgium, where he was discovered by curator Jan Hoet, and later to Tomonoura, Hiroshima, highlighting how his paintings emerge from specific places and moments.
Memphis is undergoing a significant transformation of its cultural landscape as the city's major art institutions evolve to meet modern community needs. The Memphis Brooks Museum of Art is preparing for a landmark move to a new riverfront location where it will be renamed the Memphis Art Museum, offering 50 percent more gallery space. This expansion follows decades of growth for the city's "big three" institutions—the Brooks, the Dixon Gallery & Gardens, and the Metal Museum—which have anchored the local scene since the mid-1970s.
The 17th edition of the India Art Fair (IAF) in New Delhi is set to be its largest yet, featuring 87 galleries and positioning itself as a crucial launchpad for South Asian artists. The fair highlights the region's growing prominence, evidenced by its role in developing artists now featured in major exhibitions like India's national pavilion at the Venice Biennale.
Egypt's visual arts scene in 2025 saw significant growth, marked by the opening of new galleries and a surge in diversity of artistic approaches, aesthetics, and techniques, according to Ehab Ellaban, director of the Arts Complex in Zamalek, and artist Samir Abdelghany. The year featured major exhibitions honoring both established masters and emerging talents, including Mohamed Abla's participation in the 4th–7th Generation exhibition at Al Masar Gallery and his solo show In the Glow of the City, Ahmed Shiha's Egyptian Spirit at Picasso East Gallery, Salah Bisar's Glee at Ubuntu Art Gallery, and retrospectives for Esmat Dawestashy, Salah Abdel Kerim, Chafik Charobim, and Inji Efflatoun. Katherine Bakhoum's Between Sea and Sky at Safarkhan Gallery also highlighted the enduring relevance of Egyptian-French artists.
Borough of Manhattan Community College's Shirley Fiterman Art Center will present two concurrent exhibitions from September 10 to December 20, 2025: Courtney McClellan: Simulations and Victoria Dugger: Late Bloomer. McClellan's installation features photographs of mock courtrooms at law schools across the American South, exploring performance and the law through what she calls 'applied fiction.' Dugger's mixed-media works, including painting and sculpture, use playful yet grotesque imagery to interrogate growth, identity, and embodiment as a Black, disabled woman. Both artists, who live and work in Georgia, will participate in an opening discussion and reception on September 10.
The Audain Art Museum in Whistler, British Columbia, raised a record-breaking $1.5 million at its 2026 annual gala, marking the institution's 10-year anniversary. The sold-out event, attended by over 500 guests, featured a live art auction of works by artists in the museum's permanent collection, with Stan Douglas's 1974 piece 'Coat Check' achieving a $200,000 hammer price—the highest ever for the gala.