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irans art market proving resilient andy warhol foundation names arts writers grant recipients and more morning links for december 4 2025 1234765016

Iran's domestic art market is proving resilient despite severe sanctions and economic hardship. In October 2025, Tehran Auction held a million-dollar sale at the Azadi Hotel in Tehran, totaling 134 trillion toman (roughly $1.5 million), featuring 120 works by leading modern and contemporary Iranian artists. The event, reported by The Art Newspaper, contrasts sharply with weak results for Iranian art at Sotheby’s and Christie’s in London, where Western demand has declined. Tehran Auction founder Ali Reza Sami-Azar notes that real domestic art spending continues to rise as more Iranians invest in art amid soaring inflation and currency collapse.

wassily kandinsky painting worth 15 5 m to headline christies 20 21 spring evening sale in london alongside henry moore work 1234773512

Christie's London will offer Wassily Kandinsky's painting *Le Rond Rouge* (1939) with a high estimate of £15.5 million ($21.3 million) in its 20th/21st Century evening sale on March 5. The work, a key piece from the artist's Paris period, has been in prominent collections and was last sold at Sotheby's New York in 2018 for $20.6 million. The sale will also feature a fresh-to-auction Henry Moore bronze sculpture, *King and Queen* (1952-53), estimated at up to £15 million.

jean michel basquiat work phillips frieze week sales london 1234755733

Phillips has announced the lineup for its October London sales during Frieze Week, headlined by Jean-Michel Basquiat's 1982 work on paper, *Untitled (Pestus)*, estimated at £3 million ($4 million). The 26-lot evening auction on October 16 also includes Andy Warhol's diamond dust portrait of Giorgio Armani (estimate £800,000), Banksy's *Kate Moss* (estimate £1 million), and works by Jadé Fadojutimi, Flora Yukhnovich, Damien Hirst, Anish Kapoor, Sasha Gordon, and Emma McIntyre. A day sale on October 18 features pieces by Keith Haring, Warhol, Basquiat, Anselm Kiefer, and Yoshitomo Nara.

jean michel basquiat work phillips frieze week sales london 1234755733

Phillips has announced the lineup for its October London sales during Frieze Week, headlined by Jean-Michel Basquiat's 1982 work on paper *Untitled (Pestus)*, estimated at £3 million ($4 million). The 26-lot evening auction on October 16 also features Andy Warhol's diamond dust portrait of Giorgio Armani, Banksy's *Kate Moss* (2005), and works by Jadé Fadojutimi, Flora Yukhnovich, Damien Hirst, Anish Kapoor, Sasha Gordon, and Emma McIntyre. A day sale on October 18 will include pieces by Keith Haring, Warhol, Basquiat, Anselm Kiefer, and Yoshitomo Nara.

Henry Moore's King and Queen leads Christie's 20th/21st Century London sales

Christie’s London evening sales achieved a combined total of £197.5 million ($263.8 million) on March 5, 2026, representing a 52 percent increase year-on-year. The night was headlined by Henry Moore’s monumental bronze sculpture 'King and Queen', which sold for a record-breaking £26.3 million after an eight-minute bidding war. The event also debuted a new auction rostrum designed by Sir Jony Ive’s creative collective, LoveFrom, marking the house's 260th anniversary.

christies london sales 2026 2751457

Christie’s London achieved a robust £197.5 million ($263.8 million) across three evening sales, marking a significant 52 percent increase over the previous year. The marathon auction event included the 20th/21st Century sale, the Art of the Surreal sale, and a dedicated session for the Roger and Josette Vanthournout collection. Highlighting the evening was a record-breaking £26 million sale for Henry Moore’s sculpture "King and Queen," alongside strong performances for works by Dorothea Tanning and Toyen.

for asias art market 2025 has been about rapid fire change 2662988

Art Basel has concluded and the London sales have wrapped, marking a busy first half of 2025 for Asian art markets despite economic uncertainties and geopolitical challenges. New players and trends have emerged: international auction houses aligned their Hong Kong sales with Art Basel Hong Kong for the first time, South Asian art has had a banner year at auction and in institutions, and West Asia is rising with Sotheby's inaugural sale in Saudi Arabia and Art Basel's planned Qatar fair. Asian galleries are expanding into Western capitals, while Western galleries are picking up Asian talent, such as Korean artist Anna Park joining Lehmann Maupin and Rim Park partnering with Kraupa-Tuskany Zeidler. Japanese artist Yu Nishimura had his first U.S. solo show at David Zwirner, and the Labubu plush toy by Kasing Lung became a pop culture sensation.