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Sotheby's Hong Kong achieved a white-glove sale of 125 works from Japan's Okada Museum of Art, totaling $88 million and setting auction records for Japanese artists Kitagawa Utamaro and Hokusai. The sale was driven by museum founder Kazuo Okada's need to settle a $50 million legal dispute with casino magnate Steve Wynn. Meanwhile, Canada's minority Liberal government passed a budget that includes a commitment to introduce artist resale rights, granting artists royalties when their work is resold through auction houses or galleries, a policy long advocated by arts nonprofits and cultural leaders.
