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pilar corrias new gallery london 2023 2373010

Pilar Corrias is expanding her London gallery with a new 5,000-square-foot flagship space at 49-51 Conduit Street in Mayfair, featuring 16-foot ceilings and street-level access. The gallery, now 15 years old, has grown from representing 4 to 35 artists, including top-selling names like Christina Quarles. Corrias decided to open the new space after a four-year search, citing its rare size and industrial character as a contrast to her existing Savile Row location, which she will retain. The first exhibition in the new gallery will showcase new paintings by Christina Quarles.

egon schiele artworks recently restituted head to christies 2372976

Seven works on paper by Egon Schiele have been restituted to the heirs of Fritz Grünbaum, a Jewish cabaret performer killed at Dachau concentration camp in 1941 after being forced to surrender his art collection to the Nazis. Six of these pieces will be auctioned at Christie’s New York in November 2024, with three watercolor portraits—including *Stehende Frau (Dirne)* (1912), *Selbstbildnis* (1910), and *Ich liebe Gegensätze* (1912)—headlining the 20th Century Evening Sale on November 9, and three more offered in the Impressionist and Modern Works on Paper Sale on November 11. Estimates range from $150,000 to $2.5 million per work, and proceeds will be split among Grünbaum’s heirs, who plan to fund a scholarship program for young musicians.

li hei di market analysis 1234769048

Li Hei Di, a young Chinese-born painter based in London, has emerged as one of the most closely watched artists in the ultra-contemporary market despite its recent downturn. Since joining Pace Gallery in September 2024 as its youngest artist, Li's works have appeared at auction 12 times, with eight sales in Hong Kong. Nearly every lot has exceeded expectations, often doubling or tripling high estimates. A standout was the painting *There Was One Summer Returning Over and Over; There Was One Dawn I Grew Old Watching* (2023), which sold at Sotheby's Hong Kong for HK$2.67 million—more than double its high estimate—setting a new auction record. Auction specialists and dealers emphasize that Li's market reflects a slow, sustained buildup rather than a speculative spike, with bidding and buying activity spanning Asia, Europe, and the United States.

art basel 2025 sales report 1234745462

Art Basel 2025 in Switzerland, now in its 55th edition, opened with 289 exhibitors amid a soft and unpredictable art market. Major sales included a Ruth Asawa sculpture for $9.5 million at David Zwirner, a Gerhard Richter painting for $6.8 million, and a Keith Haring from 1983 for $3.5 million at Gladstone. The top reported sale was David Hockney's 'Mid November Tunnel' (2006) for $13-17 million at Annely Juda Fine Art. Hauser & Wirth headlined with a moody Mark Rothko from the early 1960s, while galleries adopted strategies of offering wide price ranges and diverse styles to hedge against market uncertainty.

Liu Wei’s "You Like Pork?" leads Poly Hong Kong modern and contemporary art sale at US$3.5m

Poly Auction Hong Kong concluded its modern and contemporary art sale on April 6, achieving a total of HK$76.4 million (US$9.8 million) with a 67% sell-through rate. The auction was headlined by Liu Wei’s 1995 masterpiece "You Like Pork?", which sold for HK$27.6 million (US$3.5 million) to a phone bidder. Other top performers included Zao Wou-Ki’s "15.07.67" from his Hurricane period and Wu Dayu’s "Rhymes of Beijing Opera," both of which surpassed the HK$10 million threshold.

ultra contemporary chinese artists market 2717404

The article analyzes the auction performance of Chinese artists born after 1990 (post-90s) in the first half of 2025, based on data from the Artnet Price Database and the Artnet Intelligence Report. It highlights a shift from short-term speculation to longer-term competition, with the market showing more robust structure including stratified pricing and wider transactional geography. Key figures include Li Hei Di, whose large-scale painting sold for HK$2.67 million at Sotheby’s Hong Kong, and other artists like Zhang Zipiao, Yuan Fang, and Wang Qianyao achieving consistent mid-range prices between HK$300,000 and HK$800,000. Sales in Hong Kong reached HK$12.4 million, while artists also entered Western markets in New York and London.

emma mcintyre 2025 2717629

Emma McIntyre, a New Zealand-born painter known for her oxidation technique using rust on canvas, has rapidly ascended in the art world. After earning MFAs in Auckland and Pasadena, she joined mega-gallery David Zwirner in 2024, with additional representation by Château Shatto in Los Angeles and Air de Paris. Her auction record was set at Phillips London in October 2025, with her work "Seven types of ambiguity" selling for $225,100. McIntyre's practice blends material experimentation—including iron oxide pigments and bubble wrap—with references spanning Greek myth to Rococo art.

wet paint in the wild li hei di debut solo show 2670532

Artist Li Hei Di documents her first solo show with Pace Gallery, titled "Tongues of Flare," in Hong Kong through a disposable camera photo diary for Artnet News's "Wet Paint in the Wild" column. The 28-year-old London-based artist shares behind-the-scenes moments from her opening at Pace HK, including dinner with friends, visits to Tai Kwun Museum and M+, and an after party at an ice-cream shop where a custom flavor named Plum_Black_Field was created. The show is set to travel to the Pond Society during Shanghai Art Week in the fall.

asian artists under 35 are doing at auction 2649912

A new analysis by The Asia Pivot reveals that total global auction sales for Asian artists born between 1990 and 1999 dropped to $9.7 million in 2024, the lowest level in three years. The market for these young artists shows clear signs of cooling, with 696 lots sold out of 1,128 offered, a 62% sell-through rate, and an average price per lot falling 26.5% year-over-year to $13,905. Top-ranked artists like Raghav Babbar and Anna Park saw steep price declines, while a few consistent performers like Yukimasa Ida, Sun Yitian, and Chris Huen Sin-Kan maintained strong market recognition.

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.

Fast-Rising Painter Li Hei Di Smashes Auction Record at Sotheby’s Hong Kong

A new auction record for fast-rising Chinese-born painter Li Hei Di was set at Sotheby’s Hong Kong on Sunday evening, with the work *There Was One Summer Returning Over and Over; There Was One Dawn I Grew Old Watching* (2023) selling for HK$2.67 million ($342,824). The price represents a 91-percent increase from the artist’s previous high, set just six months ago, and more than doubled its presale high estimate after a five-minute bidding battle. Li, born in Shenyang in 1997 and based in London, opened their first solo exhibition with Pace in Hong Kong this summer and is the youngest artist on the international gallery’s roster.