Sotheby's Modern and Contemporary South Asian Art auction in New York achieved a total of $22.1 million with 100% of lots sold, setting 12 new auction records for artists from the region. The sale was headlined by Vivan Sundaram's 1967 painting 'Inbetweeness,' which sold for $896,000 and more than doubled his previous annual auction total, and M.F. Husain's 'Second Act,' which fetched $5.1 million.
Greek television art auctioneer Giorgos Tsagarakis was arrested in Athens on felony charges for trafficking forged and stolen artworks and antiquities. Authorities dismantled his alleged counterfeit network after a social media post served as evidence, seizing hundreds of paintings, many believed to be forgeries, along with artifacts and cash. Collectors had grown suspicious after recognizing their own stolen items on his TV show.
The article is a table of contents for the February 2026 issue of the Contemporary Art Review LA, listing its featured articles, interviews, dealer profiles, and exhibition reviews. The content covers a wide range of subjects including olfactory art, tarot art, the Made in L.A. 2025 biennial, video art, and reviews of shows at various Los Angeles galleries and museums like MOCA, the Orange County Museum of Art, and Château Shatto.
Several key personnel changes occurred in the art world this week. Boston gallery Praise Shadows hired Rebecca Hayes as its new Sales Director, while Hong Kong's Para Site appointed curator James Taylor-Foster as its Executive Director. Concurrently, galleries Lehmann Maupin and Jessica Silverman announced a co-representation agreement for artist Guimi You, and London's Timothy Taylor gallery revealed it will close its New York outpost after ten years.
Poly Auction Hong Kong has announced its Spring 2026 auction series, scheduled to take place from April 6 to April 8 at the Shun Tak Centre. The sales feature a diverse array of categories including Modern and Contemporary Art, Chinese Ceramics, Chinese Paintings, and High Jewelry and Watches. Highlighting the contemporary selection is Liu Wei’s 1995 masterpiece "You Like Pork?", a rare work previously exhibited at the Venice Biennale, alongside a significant 1960s "White period" abstract canvas by Zao Wou-Ki.
Rago / Wright has announced its upcoming Post War & Contemporary Art auction scheduled for March 18, 2026, in Lambertville, New Jersey. The sale features a diverse selection of works from influential 20th and 21st-century artists, headlined by Andy Warhol’s 1983 screenprint "Parrot" and a late-career acrylic painting by Sam Francis. Other notable entries include two canvases by Gertrude Abercrombie and pieces by contemporary figures like KAWS and Robert Longo.
Hong Kong’s art auction market opened 2025 with significant momentum, characterized by a shift toward high-quality, museum-grade works and selective collecting. Major auction houses like Christie's, Bonhams, and Phillips reported strong results for blue-chip artists, highlighted by the sale of Pablo Picasso’s "Buste de Femme" for HK$196.75 million. While the market has become more deliberate, the demand for rare, impeccably sourced pieces by both Western masters and Asian contemporary icons remains robust.
The United States solidified its position as the world's leading art market in 2025, with fine-art auction sales rising 25.3 percent to reach $5.4 billion. Despite early volatility caused by trade tariffs, a surging stock market and cooling inflation fueled a massive November auction season in New York, where nine of the year's ten most expensive artworks were sold. In contrast, China's market contracted by nearly 11 percent due to a persistent property crisis, while the United Kingdom and France saw significant growth, with Paris benefiting from the momentum of Art Basel Paris.
The art auction market showed signs of recovery in 2025, with total sales increasing for the first time since 2021, driven by a strong late-season surge in New York. The U.K. market grew by 11.3%, aided by major sales like the $136 million dispersal of Pauline Karpidas's Surrealist collection, while the ultra-contemporary sector declined for a fourth year as investment flowed to established Impressionist and Modern works.
Freshwater Parish Council has launched a community-driven fundraiser featuring a skate deck art auction to support the development of a new skatepark and pump track on the Isle of Wight. The initiative kicked off with an opening night at the Newport and Carisbrooke Community Centre, showcasing custom-designed decks by local artists alongside historical displays of the island's skating culture. The event also secured a significant financial boost through a donation from High Sheriff Jacqueline Gazzard.
Artnet recently hosted a virtual deep dive into the burgeoning phenomenon of private art auctions, a trend highlighted in their 2026 Intelligence Report. Unlike traditional public sales, these events are highly curated, invitation-only affairs that prioritize discretion and control over the typical spectacle of the auction block. The discussion explored the mechanics of these sales, which often bypass public records and leave the broader market in the dark regarding final prices and buyer identities.
The Houston Livestock Show and Rodeo School Art Auction set new records at its 2026 event, with student artworks attracting unprecedented bids from donor groups. The grand champion piece, a painting titled 'Between Boots and Moccasins' by Pasadena Memorial High School senior Joshua Washington, sold for a record $525,000, nearly doubling the previous year's top sale. The auction, held at NRG Arena, showcases artwork selected from a statewide competition involving over 200,000 students, highlighting the program's scale and impact on young Texas artists.
A painting by Raja Ravi Varma titled 'Yashoda and Krishna' sold for $17.9 million at a Saffronart auction in Delhi, setting a new auction record for an Indian painting. The buyer was pharmaceutical billionaire Cyrus Poonawalla, founder of the Serum Institute of India.
Wie teuer Kunstauktionen wirklich sind
Art auction houses often promote price transparency, but the final hammer price is merely the starting point for a complex web of additional costs. Buyers are frequently hit with buyer's premiums, value-added taxes, and resale right royalties (droit de suite) that can inflate the final invoice by as much as 50 percent beyond the initial bid.
Wie teuer Kunstauktionen wirklich sind
Art auction houses often promote transparency through public bidding, but the final hammer price is merely the starting point for a complex web of additional costs. Buyers frequently face buyer's premiums, value-added taxes, and resale right royalties (droit de suite) that can inflate the final invoice by up to 50 percent beyond the initial bid.
Artist Greg Deda's painting 'Neon Dreams' sold for £50,000 at Tate Ward's Urban & Contemporary Art auction, setting a new auction record for the artist. The sale was the top lot of the event, which saw strong overall performance with 85% of lots sold.
Christie's led the global fine-art auction market in 2025 with $3.5 billion in sales, a 10.1% increase from 2024. Its top lot was Mark Rothko's 'No. 31 (Yellow Stripe), 1958,' which sold for $62.1 million. Sotheby's followed closely with $3.3 billion in sales, a 31% annual increase, highlighted by the record-breaking $54.7 million sale of Frida Kahlo's 'El sueño (La cama).' Phillips placed a distant third with $390.9 million in sales, a 14.2% decline.
The Audain Art Museum in Whistler, British Columbia, raised a record-breaking $1.5 million at its 2026 annual gala, marking the institution's 10-year anniversary. The sold-out event, attended by over 500 guests, featured a live art auction of works by artists in the museum's permanent collection, with Stan Douglas's 1974 piece 'Coat Check' achieving a $200,000 hammer price—the highest ever for the gala.
Seoul Auction is holding its 191st art auction on April 28th at its Gangnam Center, featuring 141 works of modern, contemporary, and antique art with a combined low estimate of approximately 8.8 billion won. The highlight is Nam June Paik's 1997 video portrait installation 'Helen Kim,' estimated between 150-300 million won, alongside significant works by Lee Bae, Lee Ufan, Yoo Youngkuk, and Chang Ucchin.
The Downtown Artists Cooperative (DAC) held its Annual Live Art Auction Gala at the F&M Bank’s Franklin Room in Clarksville, Tennessee. This event marked the organization’s first in-person gala since the COVID-19 pandemic, featuring both live and silent auctions of original works donated by cooperative members. Attendees enjoyed a catered dinner and live musical performances while bidding on local art.
Hessink’s Tbilisi Auction House has announced its inaugural international auction, "Contemporary Georgian Art," scheduled for April 27, 2026, at the Museum of Modern Art in Tbilisi. The sale will feature 90 works ranging from the late Soviet era to contemporary pieces, highlighting prominent figures such as Alexander Bandzeladze and Vera Pagava alongside emerging talents. To ensure global reach, the auction will be broadcast via digital platforms including Drouot and Invaluable, preceded by a week-long public preview.
Global fine-art auction sales reached $11.7 billion in 2025, marking a 13.3 percent increase over the previous year and the first market growth since 2021. While the first half of the year was hampered by inflation and geopolitical tensions, a surge in the second half—particularly during New York’s November marquee sales—pushed the market upward. This recovery was led by a renewed appetite for "trophy works," highlighted by the record-breaking $236.4 million sale of Gustav Klimt’s Portrait of Elisabeth Lederer at Sotheby’s.
Nara and Kusama Both Surpass 10 Billion KRW... What Seoul Auction’s 36.7 Billion KRW Sale Achieved
Seoul Auction's recent Contemporary Art Sale in Seoul made history as the first domestic auction in South Korea to sell two works for over 10 billion KRW each on the same day. Yoshitomo Nara’s large-scale portrait "Nothing about It" (2016) set a new record for the highest price ever achieved at a South Korean art auction, selling for 15 billion KRW ($11.2 million). Yayoi Kusama’s "Pumpkin" (2015) followed closely, fetching 10.45 billion KRW ($7.8 million), contributing to a total sale volume of 36.7 billion KRW.
The work of artist Yoshitomo Nara, who represents Japanese contemporary art, has been sold at the hi..
Yoshitomo Nara’s 2016 painting "Nothing About It" has set a new record for the highest price ever achieved at a domestic South Korean art auction. Sold by Seoul Auction for 15 billion won (approximately $11 million), the work features the artist's signature wide-eyed child and surpassed its low estimate of 14.7 billion won. The same sale also saw Yayoi Kusama’s 2015 "Pumpkin" fetch 10.45 billion won, marking a historic session where multiple works exceeded the 10 billion won threshold.
Yoshitomo Nara’s painting "Nothing about it" has set a new record for the highest price ever achieved at a Korean art auction, selling for 15 billion won ($11 million) at Seoul Auction’s Gangnam Center. The sale significantly surpassed the previous record of 9.4 billion won held by Marc Chagall’s "Bouquet de Fleurs." The auction also saw a major result for Yayoi Kusama, whose "Pumpkin" painting fetched 10.45 billion won, marking the second-highest price in Korean auction history.
Christie’s Paris has announced two major contemporary art auctions scheduled for late 2023, consisting of a live sale on December 6 and an online sale running from November 28 to December 8. The auctions feature over 200 lots with a combined global estimate of €8.5 million to €12.3 million, highlighted by two previously unseen paintings by Pierre Soulages and works by Jean Dubuffet and Georges Mathieu. A significant portion of the online sale is dedicated to "A Lifetime Collection," a prestigious private Parisian collection featuring works by David Hockney, Sol LeWitt, and Robert Combas.
Christie’s and Sotheby’s recently concluded their 2026 mid-season contemporary art auctions, signaling a shift toward higher-value inventory in what were traditionally lower-stakes sales. The standout result was the $7.6 million sale of Jeff Koons’s sculpture 'Winter Bears' (1988) at Christie’s, setting a record for the highest-valued work ever sold in a mid-season auction. Meanwhile, Sotheby’s held its first 'Contemporary Curated' sale at its new Breuer building headquarters, achieving $19.4 million led by a $3.8 million Alma Thomas painting.
Seoul Auction is set to host its March Contemporary Art Sale, featuring Yoshitomo Nara’s 2016 painting "Nothing about it" as the centerpiece. With a low estimate of 14.7 billion won ($11 million), the work is poised to potentially shatter the record for the highest price ever achieved at an art auction in South Korea. The sale also includes high-value works by Yayoi Kusama and Roy Lichtenstein, with a total pre-sale estimate reaching up to 75 billion won.
Artnet Auctions has launched its "20th Century Art" sale, featuring works by blue-chip masters including Joan Miró, Yves Klein, and Andy Warhol. The auction, curated by specialists Sylvie François Sturtevant and Jason Rulnick, highlights the distinction between "rarity"—objects that are unusual due to limited production or historical loss—and "scarcity"—where high market demand outstrips the available supply of editioned works.
Kent County Council is facing sharp criticism for the deaccessioning and sale of 168 lots from its art collection, including a significant archive of 33 photographs by the influential postwar British photographer Tony Ray-Jones. The auction, held at Sworders Fine Art Auctioneers, also features works by Andy Goldsworthy and Sidney Nolan. The council cited financial pressures and a lack of viable storage as the primary reasons for the sale, admitting that the works were not offered to local museums or galleries before being sent to auction.