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life size labubu record asia art news 2659577

The article reports on a record-breaking auction sale of a 4-foot-4-inch Labubu doll, which sold for RMB 1.08 million ($150,300) at Yongle International Auction in Beijing, with premium reaching RMB 1.24 million ($174,000). The character was created by Hong Kong artist Kasing Lung, who also collaborated with Art Basel on a limited edition. Other key developments include the closure of the Art Basel Hong Kong satellite fair Supper Club after two editions, Frieze announcing a new year-round space called Frieze House Seoul in Yaksu, and Blum gallery taking on global representation of Japanese ceramic artist Kimiyo Mishima's estate. The article also covers upcoming exhibitions by Christine Ay Tjoe at White Cube New York, Seulgi Lee at Ikon Gallery Birmingham, Kenny Scharf at the Modern Art Museum Shanghai, and Trevor Yeung's adaptation of his Venice Biennale show at M+ Hong Kong.

basel on a budget labubu georg baselitz art basel 2025 2656288

Artnet News highlights affordable artworks available at Art Basel 2025, countering the fair's reputation for multimillion-dollar sales. Featured works include John Tremblay's 'Gold sounds' (2025) from the New Paintings series at Ecart's booth, priced at €2,500, and Kasing Lung's limited edition Labubu doll sold at the Art Basel Shop for CHF 200, which sold out rapidly to VIPs and the public. Also noted is Solomon Garçon's 'Bobby (4)' (2025), priced around $3,500, presented by 243 Luz at the Liste fair.