shanghai art021 west bund art recap 1234762135

Shanghai's West Bund Art & Design fair and Art021 opened last week with unexpectedly strong sales, despite economic headwinds and regional competition. Many galleries reported brisk first-day sales, with Thaddaeus Ropac placing five works including a Martha Jungwirth painting for €500,000, and Hauser & Worth selling two works for over $1 million. However, major blue-chip galleries like Gagosian and Pace opted out entirely, while others like Almine Rech, White Cube, and David Zwirner scaled back their participation. The fairs took place against a backdrop of China's ongoing property slump and the overlapping Art Collaboration Kyoto, which siphoned attention from international collectors.

The Asian Market Carries Art Basel Hong Kong

Le marché asiatique porte Art Basel Hong Kong

Art Basel Hong Kong 2026 concluded with strong attendance and significant sales, demonstrating the fair's central role in the Asian art market. The event attracted over 91,000 visitors and featured 240 galleries, with a strong presence from the Asia-Pacific region, Europe, and the United States. Major international galleries like Gagosian, Hauser & Wirth, and David Zwirner reported multimillion-dollar sales of works by artists such as Louise Bourgeois, Liu Ye, and Marlene Dumas, alongside notable transactions for works by Tracey Emin and Antony Gormley.

Sotheby’s Paris Notches a $41 M. Modern and Contemporary Sale, Led by a $12 M. Monet Unseen for a Century

Sotheby’s Paris achieved a landmark result for its modern and contemporary art sale, totaling €35 million ($41 million) and surpassing its high estimate. The auction was headlined by two Claude Monet paintings that had been hidden from public view for roughly a century, including 'Vétheuil, effet du matin' (1901), which sold for €10.2 million ($12.1 million), setting a record for the artist at auction in France.

Strong sales and cross-market demand define Art Basel Hong Kong opening

Art Basel Hong Kong opened with robust sales and high energy, signaling a strong recovery for the Asia-Pacific art market. Blue-chip galleries reported several seven-figure transactions early on, including a $4 million Picasso at Bastian and a $3.8 million Liu Ye painting at David Zwirner. The fair's debut of the digital-focused 'Zero 10' initiative and a significant presence of regional collectors underscored a diverse appetite for both postwar masters and contemporary digital works.

A Tale of Two Cities: Spring Auctions in Hong Kong and Shanghai

Christie's and Sotheby's held their spring marquee auctions in Hong Kong and Shanghai, timed to coincide with Art Basel Hong Kong for the first time. Christie's evening sale of 20th and 21st century art in Hong Kong achieved HKD 560 million (USD 72 million) with a 95% sell-through rate, led by Jean-Michel Basquiat's *Sabado por la Noche (Saturday Night)* (1984) at HKD 112.6 million. Other highlights included a new artist record for Zhang Enli's *Intimacy* (2002) at HKD 23.4 million, and strong sales for works by Yayoi Kusama, Zao Wou-Ki, and Adrian Ghenie, though most lots sold near their low estimates.

bouvier us discovery 91 missing artworks 1234766044

Swiss art dealer Yves Bouvier has filed a Section 1782 petition in US federal court to locate 91 artworks he claims are his, worth approximately $100 million. The filing targets roughly 15 major banks and two auction houses (Sotheby's and Christie's) to compel disclosure of financial and transactional records. The request is tied to Hong Kong legal proceedings against French dealer Pascal de Sarthe, whom Bouvier accuses of failing to return works placed with him for safekeeping. De Sarthe disputes Bouvier's ownership, and his attorney has asked the New York court to delay or deny the application as premature.

Waddington Custot to open in Paris ahead of Art Basel Paris

Waddington Custot has announced it will open a new gallery at 36 rue de Seine in Paris, occupying the historic space formerly home to Lansberg Gallery in the 6th arrondissement. The gallery is set to open in October 2025, ahead of Art Basel Paris, and will be managed by Isaure de Roquefeuil and Antoine Clavé. The inaugural exhibition will focus on the Nabis painters, followed by a group show of modern and contemporary artists. The 200-square-meter space is located in the Saint-Germain-des-Prés district. (Note: The opening has since been rescheduled to early 2026.)

'The Chinese Avant-Garde in Paris' at Alisan Fine Arts, Central, Hong Kong on 22 May–15 Aug 2026

Alisan Fine Arts in Central, Hong Kong, presents 'The Chinese Avant-Garde in Paris' from 22 May to 15 Aug 2026 as part of its 45th anniversary 'Then and Now' programme. The exhibition features works by Zao Wou-ki, Chu Teh-chun, T’ang Haywen, and Walasse Ting—francophone Chinese diaspora masters who blended Chinese cultural roots with post-war Parisian modernism. Highlights include previously unseen ink works by Chu Teh-chun from the 1980s and 1990s, a rare black-and-white canvas by Walasse Ting from 1959, and a major 1970s canvas by Zao Wou-ki. The show anchors the 'Then' component of the programme, with a parallel 'Now' exhibition at Alisan Atelier, both part of the French May Arts Festival Associated Projects.

Monet auction drives Sotheby’s Paris sale to 35 million euros

Sotheby's Paris sale on April 16, 2026, achieved a total of 35 million euros, an 84% increase over the previous year's equivalent auction. The event was dominated by two rediscovered Claude Monet paintings, with 'Vétheuil, effet du matin' setting a new auction record for the artist in France at 10.2 million euros. Strong results were also posted for works by Marc Chagall, Lucio Fontana, and Gerhard Richter, with 62.5% of lots selling above their high estimates.

Hong Kong Art Gallery Kwai Fung Hin Opens First Overseas Outpost In Singapore

Hong Kong’s Kwai Fung Hin gallery has expanded internationally for the first time, opening a new outpost at 30 Beach Road in Singapore. Founded by former banker Catherine Kwai in 1991, the gallery specializes in 20th-century modern and contemporary art with a focus on cultural heritage. The new space launched with an exhibition titled “Worlds beyond Reality – Monet’s Legacy II,” featuring a masterpiece by Claude Monet alongside works by Zao Wou-Ki and Chu Teh-Chun.

Modern and Contemporary Art: Exceptional Pieces at the Auction House

On February 4th, 2026, the Monte-Carlo Auction House will hold a sale of modern and contemporary art featuring over 30 lots. The highlight is Fernand Léger's 1932 oil on canvas "Contrasting Objects on a Blue Background," estimated at €600,000–800,000. Other notable lots include a bronze sculpture by Robert Indiana (€140,000–180,000), a Chu Teh-Chun oil on canvas (€200,000–300,000), and works by Edgar Degas, Victor Vasarely, Niki de Saint Phalle, and Picasso. The sale also includes decorative pieces by Roger Capron and Maison Pergay.