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paint drippings art industry news nov 14

This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.

russian imperial faberge egg christies auction record

A rare Fabergé Winter Egg, made of crystal and adorned with 4,000 diamonds, sold for £22.9 million ($30.2 million) at Christie’s London on Tuesday, setting a new auction record for any Fabergé egg. The sale was part of a 48-lot collection titled “The Winter Egg and Important Works by Fabergé from a Princely Collection,” which achieved a total of £27.8 million ($37.1 million). The egg was created for Russia’s imperial family by Alma Theresia Pihl, one of the few women in Fabergé’s St. Petersburg workshop, and fabricated by her uncle, chief jeweler Albert Holmström. It had previously sold at Christie’s in Geneva in 1994 and in New York in 2002.

faberge winter egg christies auction

A rare Fabergé Imperial egg, the Winter Egg, sold for £22.8 million ($30.2 million) at Christie’s London on December 2, 2025, setting a new world auction record for any Fabergé work. The egg was a 1913 Easter gift from Tsar Nicholas II to his mother, Maria Feodorovna, and was designed by Alma Pihl, one of the few women working in Fabergé’s St. Petersburg workshops. It had previously sold at Christie’s in 1994 and 2002, each time setting records.