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This week's art industry roundup covers major sales and developments across art fairs, auction houses, and galleries. At Art Basel Miami Beach, strong sales were reported, including an $18 million Warhol at Lévy Gorvy Dayan's booth, while NADA Miami featured around 140 exhibitors. The Art Dealers Association of America announced a new ADAA Fair at the Park Avenue Armory for November 2025, and Design Miami will expand to Dubai in 2027 with Alserkal. In auctions, Fabergé's 'Winter Egg' sold for $30.2 million at Christie's London, becoming the most expensive Fabergé egg ever auctioned, and Rembrandt's etching 'Arnout Tholinx, Inspector' set a world record for an Old Master print at $4.1 million. A rare 15th-century triptych also sold at Sotheby's for $7.6 million. Gallery news includes the formation of Pace Di Donna Schrader Galleries, Hauser and Wirth's acquisition of a Palermo palazzo, and several artist representation changes.

V&A Pulls Catalog Materials Due to Chinese Censorship Laws

The Victoria and Albert Museum (V&A) in London has admitted to removing maps and images from two exhibition catalogs following censorship demands from a Chinese printing firm. Documents revealed that C&C Offset Printing flagged content in the catalogs for the exhibitions "Music Is Black" and "Fabergé: Romance to Revolution" as violating Chinese law. The censored items included a 1930s map of British trade routes and a photograph of Vladimir Lenin, which the printer claimed could not be produced under Beijing’s strict regulations.

Is Chinese Censorship Reaching Inside Britain’s Museums?

London’s Victoria and Albert Museum (V&A) has come under fire following reports that it altered exhibition catalogues to comply with Chinese government censorship. To reduce production costs, the museum utilized printers in China, which are subject to Beijing’s General Administration of Press and Publication (GAPP) regulations. Consequently, the museum removed historical maps and an image of Vladimir Lenin from publications for the "Music is Black" and "Fabergé: Romance to Revolution" exhibitions after they were flagged by Chinese authorities.

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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.

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The private collection of Hollywood icons Kathryn and Bing Crosby sold at Sotheby's for $6.7 million on December 18. The white-glove auction, held at Sotheby's new Breuer Building location on Manhattan's Upper East Side, surpassed its pre-sale high estimate of $6.3 million, with two-thirds of the lots exceeding their high estimates. The nearly 200-lot sale featured fine art, furnishings, and collectibles, with the top lot being Alfred James Munnings' painting *On the Moors* (1914), which sold for $1.2 million. Other highlights included works by Charles Marion Russell, Pierre-Auguste Renoir, and Corot, as well as nearly 50 lots of Fabergé items that achieved $2 million in sales.

Victoria & Albert Museum yields to Chinese censorship

Le Victoria & Albert Museum cède à la censure chinoise

The Victoria & Albert Museum in London removed a map and other content from its exhibition catalogues after its Chinese printer, C&C Offset Printing, flagged them as unacceptable to Chinese censors. The map, showing 1930s British Empire trade routes, was rejected by China's General Administration of Press and Publication (GAPP) because it included Chinese territory and borders, requiring the use of state-approved maps. The museum also previously removed a map and a photograph of Vladimir Lenin from a 2021 Fabergé exhibition catalogue.

Bing Crosby’s collection brings a white-glove Christmas to Sotheby’s

Sotheby's achieved a white-glove auction of Bing Crosby's personal collection in New York, selling all 100% of lots for $6.7 million against an estimate of $3.9–$6.3 million. Highlights included musical arrangements from Crosby's 1954 film *White Christmas* ($19,050), a Tiffany & Co cigarette box gifted by John F. Kennedy ($15,240), a Sheraton-style grand piano from *High Society* ($95,250), and a Fabergé sapphire mouse ($355,600). Top prices were led by paintings by Sir Alfred James Munnings ($1.2 million) and Charles Marion Russell.

V&A Museum Has Acquiesced to Censorship Requests from Chinese Printer: Report

London’s Victoria and Albert Museum (V&A) reportedly complied with censorship demands from its Chinese printing firm, C&C Offset Printing, to alter exhibition catalogues. Internal emails revealed that the museum removed a photograph of Lenin from a Fabergé exhibition book and altered historical maps to align with Chinese government standards after the printers flagged them as "sensitive." Staff noted that while they were aware of contemporary geopolitical sensitivities, the restrictions had expanded to include historical imagery, forcing last-minute editorial changes to avoid production delays.

Leading Art Gallery Opening in Landmarked Aspen Block Building

M.S. Rau, a 113-year-old New Orleans-based gallery specializing in fine art, antiques, and jewelry, has signed a long-term lease to open a second location in Aspen, Colorado. The new 2,200-square-foot space will occupy two levels of the historic Aspen Block Building at 307 S. Galena Street, a designated landmark, and is set to open in January 2026. The gallery will feature works by artists such as Renoir, Picasso, and Magritte, alongside luxury jewelry from Tiffany & Co., Van Cleef & Arpels, Fabergé, and Cartier. The expansion follows the success of a seasonal pop-up in Aspen last year and marks the first year-round secondary location in the gallery's history.

Leading Art Gallery Opening in Landmarked Aspen Block Building

M.S. Rau, the 113-year-old New Orleans-based gallery specializing in fine art, antiques, and jewelry, has signed a long-term lease to open a permanent second location in Aspen’s historic Aspen Block Building at 307 S. Galena Street. The new two-level, 2,200-square-foot space is set to debut in January 2026, featuring works by Renoir, Picasso, and Magritte, alongside pieces from luxury houses such as Tiffany & Co., Van Cleef & Arpels, Fabergé, and Cartier. The expansion follows a successful seasonal pop-up in Aspen last year and marks the gallery’s first year-round secondary location since its founding in 1912.

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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.

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New Zealand police recovered a diamond-encrusted Fabergé egg pendant from a 32-year-old thief who allegedly swallowed it after stealing it from Partridge Jewellers in Auckland. The suspect was detained within minutes of the theft, and officers monitored him for six days until the pendant was naturally passed. The special-edition locket, valued at $33,585, is a tribute to the Fabergé egg featured in the James Bond film Octopussy, featuring a green guilloché enamel shell and an 18-karat yellow gold octopus set with diamonds and sapphires.

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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.