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M+ in Hong Kong and Centre Pompidou in Paris Plan New Five-Year Partnership

M+ in Hong Kong and the Centre Pompidou in Paris have announced a new five-year partnership beginning next year. The agreement, announced at M+ on May 15, includes lending artworks for exhibitions, collaborative research and commissions, curator exchanges, and a four-year postdoctoral fellowship. A major exhibition focusing on visual culture in France and Greater China will debut at the Pompidou when it reopens in 2029 or 2030, then travel to M+.

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.

On the ground at Art Week Tokyo: amid shifting national politics, Japan’s ‘sleeping beauty’ art scene is waking up

The fifth edition of Art Week Tokyo (AWT) took place from November 5-9, bringing together over 50 commercial galleries and museums across the city in a hybrid "post-art fair" model. The event unfolded against the backdrop of Sanae Takaichi becoming Japan's first female prime minister, a political shift that has sparked mixed reactions in the Japanese art world, with calls for improved tax incentives, international promotion, and stronger public collections. AWT, directed by Atsuko Ninagawa and organized in collaboration with Art Basel, featured museum shows including "What is Real?" at the Okura Museum of Art, curated by Adam Szymczyk, and "Prism of the Real: Making Art in Japan 1989-2010" at the National Art Center, Tokyo.

Christie's Hong Kong 20th/21st Century Autumn Sales Total: HK$817M / US$106M - Christie's

Christie's Hong Kong held its 20th/21st Century Autumn Auctions on September 26-27, 2025, achieving a total of HK$817 million (US$106 million), the highest value auctions in the Asia market this season. The sales saw a 96% sell-through rate by lot and a hammer price 121% above the low estimate, with collectors from 32 countries participating. The top lot was Picasso's 'Buste de femme', which sold for HK$196.75 million (US$25.4 million), breaking the Asia auction record for the artist. New buyers increased versus last year, with 20% of all buyers being new, over half of whom were Millennials.

Heidi Lau and Wong Ping both win M+ Sigg Prize

Heidi Lau and Wong Ping have been named joint winners of the Sigg Prize 2025, awarded by the M+ museum in Hong Kong. Each artist receives HK$300,000 ($39,000). The other shortlisted artists—Bi Rongrong, Ho Rui An, Hsu Chia-Wei, and Pan Daijing—each receive HK$100,000 ($13,000). Their works are on view at M+ until 4 January. Lau, based in New York, creates ceramics exploring time, space, mythology, and personal grief; Wong, based in Hong Kong, produces animated videos addressing social and political issues.