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Christie’s and Sotheby’s recently concluded their 2026 mid-season contemporary art auctions, signaling a shift toward higher-value inventory in what were traditionally lower-stakes sales. The standout result was the $7.6 million sale of Jeff Koons’s sculpture 'Winter Bears' (1988) at Christie’s, setting a record for the highest-valued work ever sold in a mid-season auction. Meanwhile, Sotheby’s held its first 'Contemporary Curated' sale at its new Breuer building headquarters, achieving $19.4 million led by a $3.8 million Alma Thomas painting.

Sotheby's auction: Modern & contemporary art

Sotheby’s is holding its Modern and Contemporary Art auction during Singapore Art Week, featuring rare works that have not been publicly available for decades. Highlights include Walter Spies’s *Die Schlittschuhlaufer (The Ice Skaters)*, estimated at $980,000–$1.8 million, and Raden Saleh’s *The Eruption of Mount Merapi, by day*, appearing at auction for the first time after being held in a private European collection for over a century. Other notable lots include works by Pacita Abad, Marc Chagall, Zao Wou-ki, Mai Trung Thu, and David Hockney. Public exhibition runs January 22–25 at The Singapore Edition, with the live auction on January 25.

Why Hong Kong is one of the greatest places in the world to buy art

Hong Kong has overtaken London to become the world's second-largest contemporary art auction market, according to ArtTactic. The city's commercial art scene is bolstered by outposts of top international galleries like Hauser & Wirth, Gagosian, Pace, and David Zwirner, as well as a successful annual Art Basel fair. Major auction houses including Sotheby's, Phillips, and Bonhams operate significant spaces there, with Sotheby's selling a Claude Monet for $65.5 million in Hong Kong in 2024. The city's art calendar peaks during March's Art Month, which hosts both Art Basel Hong Kong and Art Central.

Record $236.3m Klimt leads Sotheby’s first night of auctions in Breuer Building

Sotheby's first evening auctions in its new Manhattan headquarters, the former Whitney Museum building designed by Marcel Breuer, achieved a record total of $605.1 million ($706 million with fees) on November 18. The night was headlined by the sale of 24 works from the collection of the late billionaire Leonard Lauder, which alone brought in $456.2 million. The standout lot was Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer, 1914-16)', which sold for $205 million ($236.3 million with fees) after a nearly 20-minute bidding war, becoming the second-most-expensive painting ever sold at auction. A subsequent contemporary art auction added $148.8 million ($178.5 million with fees) across 44 lots.

Christie's Paris Art Week - Christie's

Christie's will hold a series of modern and contemporary art auctions and events in Paris during late October 2025, coinciding with the fourth edition of Art Basel Paris. The sales feature major works including a monumental Yves Klein monochrome (estimate on request), Alberto Giacometti's 'Femme debout' (€5-7M), Paul Signac's 'La Passerelle Debilly' (€4-6M), and pieces by Pierre Soulages, Pierre-Auguste Renoir, and others. The week opens on October 23 with 'Moderne(s), une collection particulière européenne,' a private collection of 40 European avant-garde works, followed by the flagship 'Avant-Garde(s) including Thinking Italian' sale.

A Ballet Based on the Life of Josephine Baker Opens the Fall Season at Théâtre des Champs-Elysées, and Other News

The Théâtre des Champs-Elysées opened its fall season with *Josephine*, a ballet by Germaine Acogny based on the life of Josephine Baker, tracing her 1925 Paris debut, activism in the French Resistance, and civil rights advocacy. Costumes by Chanel's specialty atelier Paloma feature in the solo performance, which is paired with Pina Bausch's *The Rite of Spring*. In other news, London's National Gallery announced a new wing under its Project Domani initiative, funded by $502 million in private donations including record pledges from the families of Michael Moritz and Julia Rausing, set to open in the early 2030s. Phillips will auction a juvenile triceratops skeleton nicknamed "Cera" in its November modern and contemporary art sale, with a presale estimate of $2.5–3.5 million. Kelly Reichardt's art heist film *The Mastermind* will screen at the New York Film Festival, and Thomas Heatherwick discussed his role as general director of the Seoul Architecture Biennale.

Poly Auction Hong Kong Spring Auctions 2026: High Jewels and Watches, Modern and Contemporary Art Auctions to Be Held on 6 April

Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.

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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.

Praise Shadows’s New Sales Director and Para Site Names Executive Director: Industry Moves for March 18, 2026

Several key personnel changes occurred in the art world this week. Boston gallery Praise Shadows hired Rebecca Hayes as its new Sales Director, while Hong Kong's Para Site appointed curator James Taylor-Foster as its Executive Director. Concurrently, galleries Lehmann Maupin and Jessica Silverman announced a co-representation agreement for artist Guimi You, and London's Timothy Taylor gallery revealed it will close its New York outpost after ten years.

CONTEMPORARY ART Day Sale on 6 December at 2pm - Christie's

Christie’s Paris has announced two major contemporary art auctions scheduled for late 2023, consisting of a live sale on December 6 and an online sale running from November 28 to December 8. The auctions feature over 200 lots with a combined global estimate of €8.5 million to €12.3 million, highlighted by two previously unseen paintings by Pierre Soulages and works by Jean Dubuffet and Georges Mathieu. A significant portion of the online sale is dedicated to "A Lifetime Collection," a prestigious private Parisian collection featuring works by David Hockney, Sol LeWitt, and Robert Combas.

Visual Art: Sotheby’s To Stage Modern and Contemporary Art Auction During SAW 2026, featuring works by Walter Spies and Raden Saleh

Sotheby’s will hold a Modern and Contemporary Art auction on 25 January during Singapore Art Week (SAW) 2026 at The Edition Singapore. The sale features rare works by early Southeast Asian masters, including Walter Spies’ "Die Schlittschuhläufer (The Ice Skaters)" (1922) and Raden Saleh’s "The Eruption of Mount Merapi, by Day" (1865), alongside Vietnamese silk paintings by Le Pho and Mai Trung Thu, and a David Hockney piece. The auction highlights a 60% rise in new bidders from Southeast Asia since 2022.

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Sotheby's will hold its first luxury marquee sales in Abu Dhabi from December 3 to 5 as part of Abu Dhabi Collectors' Week, featuring Formula 1 cars, an Aston Martin, diamonds, and rare Rolexes. The sales coincide with the Abu Dhabi Grand Prix and other major events, backed by a $1 billion investment from majority shareholder Patrick Drahi and Abu Dhabi's sovereign wealth fund ADQ, along with support from the Abu Dhabi Investment Office. The auction house is focusing on luxury goods rather than fine art, with only a non-selling exhibition of Old Masters to contemporary works.

The New Sotheby's Flagship Sets An Opening Date

Sotheby's has announced that its new flagship auction house and gallery space, located in the iconic Breuer Building on Madison Avenue, will open on November 8. The building, designed by Marcel Breuer in 1966, originally housed the Whitney Museum of American Art and later served as temporary home for The Frick Collection and the Metropolitan Museum of Art. The opening exhibition will feature works for Sotheby's marquee modern and contemporary art auctions, followed by pieces for Luxury Week in December. The building also includes a new restaurant from the team behind La Mercerie, and the galleries will be free and open to the public.

Your Guide To Art Week Singapore 2026’s Must-See Events

Singapore Art Week 2026 transforms the Lion City into a stage for contemporary creativity, featuring a packed programme of exhibitions, auctions, and symposia from January through March. Key events include Sotheby’s Modern and Contemporary Art auction (21–24 January) spotlighting works by Walter Spies, Raden Saleh, David Hockney, and Takashi Murakami; the Tanoto Art Foundation’s first exhibition 'Rituals of Perception' at New Bahru School Hall (21 January–1 March); the inaugural Print Show & Symposium at STPI (22–31 January) with artists like Yayoi Kusama and Jeff Koons; and Loy Contemporary Art Gallery’s 'Mosaic SG' showcasing contemporary Italian artists under the patronage of the Embassy of Italy in Singapore.

Kapopoulos Fine Arts Presents Contemporary Art Auction in Nicosia

Kapopoulos Fine Arts will hold a Contemporary Art Auction on February 18, 2026, at its Nicosia Gallery. The sale features 82 works, with highlights including pieces by street artist Mr. Brainwash (Thierry Guetta), Greek painter Yiannis Mytaras, and sculptor Richard Orlinski, alongside works by Kostis Georgiou, Spyros Vassiliou, and others. Starting prices range from €300, with bidding available in person, by phone, or via absentee bids.

Post War & Contemporary Art

Rago / Wright has announced its upcoming Post War & Contemporary Art auction scheduled for March 18, 2026, in Lambertville, New Jersey. The sale features a diverse selection of works from influential 20th and 21st-century artists, headlined by Andy Warhol’s 1983 screenprint "Parrot" and a late-career acrylic painting by Sam Francis. Other notable entries include two canvases by Gertrude Abercrombie and pieces by contemporary figures like KAWS and Robert Longo.

Bidding frenzy in Monaco as Fernand Léger painting sells for over €680,000

A Fernand Léger painting sold for over €680,000 at Hôtel des Ventes de Monte-Carlo on February 4, 2026, leading a modern and contemporary art auction in Monaco. The work, previously exhibited at London’s Tate Gallery in 1963 and held in a single family collection, depicts contrasting objects against a blue background. Other strong results included a Constantin Brancusi portrait of James Joyce that reached €95,000 (far above its €15,000–€20,000 estimate), and sculptures by Jean-Michel Folon (€70,000), Niki de Saint Phalle (€76,000), and Robert Indiana (€140,000).

Italian art convinces, international art surprises

Sotheby's and Il Ponte held Modern and Contemporary art auctions in Milan at the end of May, achieving strong results for Italian 20th-century icons and international art. Sotheby's sale on 28 May featured 93 lots, 80 of which were auction debuts, and closed at approximately €11.4 million with a 90% sell-through rate. Top lots included Lucio Fontana's 'Concetto Spaziale, Attese' (1968), which sold for €1.56 million, and works by Giorgio de Chirico, Emilio Vedova, and Alighiero Boetti that far exceeded their high estimates. International highlights included Robert Indiana's 'Decade Autoportrait' selling for €245,000 and Willis Baumeister's 'Moby Dick' setting a record for the artist in Italy.

Things to do on Wednesday, February 18

A wide array of cultural events are scheduled across Cyprus for Wednesday, February 18. These include the opening of a curated showcase of publications from the late archaeologist Vassos Karageorghis in Nicosia, a contemporary art auction featuring 82 works, a presentation by underwater photographer Sakis Lazaridis, a sold-out theatre performance in Limassol, and numerous ongoing exhibitions in Nicosia, Limassol, and Larnaca featuring both historic and contemporary Cypriot artists.

New contemporary art auction to debut in Dubai this May

A new auction platform called Bam Auctions will launch in Dubai this May, with its inaugural sale held on Saturday at Bayt AlMamzar, an independent cultural space in a restored villa. The sale features 21 lots of contemporary art from the UAE and the wider region, including works by Jaber Al Azmeh, Manal Al Dowayan, and Hale Tenger, with estimates ranging from a few hundred to several thousand dollars. Bidding will be in person with remote options via phone, WhatsApp, and absentee bids.

Rare oil painting depicting scene from famous Robert Burns poem could fetch £20k at auction

A rare oil painting by the late Scottish artist Alexander Goudie, titled 'The First Drink' and depicting a scene from Robert Burns's poem 'Tam o' Shanter', is set to be auctioned by McTear's in Glasgow. The painting, created in the late 1990s, is estimated to fetch between £10,000 and £20,000 at the Scottish Contemporary Art Auction on February 26th.

One of most famous illustrations of Burns' Tam o' Shanter set for auction

Alexander Goudie's painting *The First Drink*, a key illustration from his celebrated series based on Robert Burns' poem *Tam o' Shanter*, will be auctioned at McTear’s Scottish Contemporary Art Auction in Glasgow on February 26. The oil painting, estimated at £10,000–£20,000, depicts the poem's protagonist resting beside his horse Meg and is being sold by an anonymous vendor who has owned it since it was commissioned in the late 1990s.

Sotheby’s On Singapore’s Collectors Driving The Art Market

Sotheby’s resumed Modern & Contemporary Art auctions in Singapore in 2022 after a 15-year hiatus, signaling renewed confidence in the region. In an interview, Jasmine Prasetio, Managing Director for Southeast Asia at Sotheby’s, discusses how Singaporean and Singapore-based collectors are increasingly active in both local and global sales, actively bidding on and acquiring works by Singaporean artists such as Georgette Chen, Kim Lim, and Jane Lee. Notable auction results include Georgette Chen’s “Lychees and Peaches” achieving $1.5 million in July 2023 and Jane Lee’s “Melt VII” selling for $140,877.

Giftex's Upcoming 'Modern and Contemporary Art Auction' Presents Masterworks of Modern and Contemporary Indian Art

Giftex is holding a 'Modern and Contemporary Art Auction' on November 27-28, 2025, featuring a curated selection of modern and contemporary Indian art. The sale includes works by modern masters such as Jamini Roy, Nandalal Bose, Krishen Khanna, and Himmat Shah, alongside contemporary artists like Paresh Maity, Baiju Parthan, and the duo Thukral & Tagra. Highlight lots include Paresh Maity's 'Life and Light II' (est. INR 10-15 lakh), Senaka Senanayake's 'Hornbills' (est. INR 10-15 lakh), and a bronze sculpture by Himmat Shah (est. INR 8-12 lakh). The auction will be conducted online via Giftex's website.

Global share of contemporary art auction revenue 2024

A Statista chart published in April 2025 shows the geographical distribution of post-war and contemporary art auction revenue worldwide in 2024. The United States dominated with 48% of the combined post-war and contemporary market, followed by China (17%), the United Kingdom (15%), France (6%), Germany (2%), and other countries (11%). When broken down, the U.S. held 50% of post-war and 45% of contemporary revenue, while China captured 13% of post-war and 25% of contemporary revenue, reflecting its stronger position in the contemporary segment.

Tretchikoff’s ‘Lady from the Orient’ sets new South African auction record

Vladimir Tretchikoff's painting *Lady from the Orient* (1954–1956) sold for R31,110,000 at a Strauss & Co modern and contemporary art auction in Johannesburg, setting a new national auction record for the artist. The portrait of a young Indonesian woman in traditional attire was purchased by a telephone bidder, and the sale highlights the enduring market demand for Tretchikoff's vivid portraiture from his classic period.

Greg Deda Sets £50,000 Auction Benchmark at Tate Ward’s Urban & Contemporary Art Auction

Artist Greg Deda's painting 'Neon Dreams' sold for £50,000 at Tate Ward's Urban & Contemporary Art auction, setting a new auction record for the artist. The sale was the top lot of the event, which saw strong overall performance with 85% of lots sold.