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christies takes 690 m at fall curtain raiser art basel hong kong announces 2026 details and more morning links for november 18 2025 1234762067

Christie’s opened New York’s fall marquee auctions with a $690 million evening sale across 79 lots, surpassing the pre-sale low estimate of $534.7 million. The doubleheader included the Robert and Patricia Ross Weis collection, featuring works by Picasso, Matisse, Mondrian, and Rothko, followed by a 20th-century sale. The auction achieved a 97% sell-through rate by value and a 96% by lot, marking a 41% increase from May’s auctions. Separately, Sperone Westwater gallery announced it will close after 50 years, and Art Basel Hong Kong revealed details for its 2026 edition featuring 240 galleries.

christies takes 690 m at fall curtain raiser art basel hong kong announces 2026 details and more morning links for november 18 2025 1234762067

Christie’s opened New York’s fall marquee auctions with a $690 million evening sale across 79 lots, surpassing the pre-sale low estimate of $534.7 million. The doubleheader included the Robert and Patricia Ross Weis collection and a 20th-century sale, with works by Picasso, Matisse, Mondrian, Rothko, and others. The sell-through rate was 97% by value and 96% by lot, marking a 41% increase from May’s auctions. Separately, Sperone Westwater, a New York gallery that championed artists like Bruce Nauman and Francesco Clemente, announced it will close after 50 years. Art Basel Hong Kong also revealed its 2026 edition will feature 240 galleries from 42 countries.

Hong Kong Marquee Art Sales Total $164.9 M., Up 18 Percent From Equivalent 2025 Auctions

Christie's, Phillips, and Sotheby's spring marquee auctions in Hong Kong generated a combined $164.9 million, an 18% increase from the equivalent sales in spring 2025. The auctions, strategically timed to coincide with Art Basel Hong Kong, saw strong demand for trophy works, with Christie's leading the season at $83.8 million. Key sales included a Gerhard Richter painting for $11.77 million and a Sanyu work for $8.17 million, while Sotheby's sold a Joan Mitchell painting for $17.6 million, the season's top lot.

kerry james marshall jean michel basquiat sothebys 1234758126

Sotheby's has announced two major consignments for its November marquee auctions in New York: Jean-Michel Basquiat's "Crowns (Peso Neto)" (1981), estimated at $45 million, and an untitled Kerry James Marshall painting from 2008, estimated at $10–15 million. The Basquiat, painted on Christmas night 1981, debuted at Annina Nosei Gallery and Documenta 7, and was previously owned by collectors Thomas Worrell and José Mugrabi before being consigned by French actor Francis Lombrail. The Marshall, depicting a couple embracing at sunset, was purchased on the primary market and has remained in the same collection, recently appearing at the Church in Sag Harbor with lender Neda Young.

Sotheby’s Tries Again to Sell $40 M. Picasso Painting That Didn’t Make It to Auction in 2008

Sotheby’s has announced the sale of Pablo Picasso’s 1909 Cubist masterpiece, Arlequin (Buste), which is expected to fetch approximately $40 million during the New York marquee auctions this May. The painting is the crown jewel of a collection belonging to the late Surrealist artist Enrico Donati and his wife Adele. This marks the second time Sotheby’s has attempted to sell the work; it was famously withdrawn from a 2008 auction just a week before the sale due to undisclosed private reasons.

november marquee auction sales midpoint analysis 1234762366

Christie's and Sotheby's November marquee auctions in New York generated a combined $1.4 billion, with Sotheby's achieving a record $706 million from a double-header sale. The highlight was Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), sold for $236.4 million from the collection of late cosmetics heir Leonard Lauder, becoming the most expensive modern artwork ever sold at auction. Christie's Monday sale brought in $690 million, falling short of its $731.5 million high estimate but still marking a 42% increase over its equivalent sale last November.

art market minute dec 15 2729603

The article reports on the state of the art market at the end of 2025, noting that while it has been a difficult year with three years of contraction, there are signs of improvement. Recent sales in Miami and $2.2 billion in marquee auctions in New York last month have boosted optimism. Factors such as lower interest rates and easing geopolitical tensions are contributing to a slightly rosier outlook for 2026, though the article warns that some sectors will recover while others may not for some time.

Sotheby’s Evelyn Lin On Asia’s Maturing Market, Young Collectors and the New Rules of the Hong Kong Sale

Sotheby’s recently concluded its spring marquee auctions in Hong Kong, generating a combined total of HK$711.8 million ($91.2 million). The sales were anchored by the success of Joan Mitchell’s 'La Grande Vallée VII,' which sold for $17.6 million, and achieved a nearly 100 percent sell-through rate by value. The performance was bolstered by the auction house's new 'Maison' headquarters, a dual-level retail and exhibition space that attracted over 44,500 visitors in the lead-up to the sales.

A Calibrated Market: How 2025 Shaped the Landscape for Collectors in 2026

The article analyzes the art market in 2025, describing a year of divergence rather than a single trend. While aggregate sales remained below post-pandemic peaks, the year ended with a billion-dollar New York auction week, a record-setting Klimt portrait, and strong demand for exceptional works. Segments like Old Master auctions and the $1 million–$10 million band saw growth, while the ultra-contemporary segment struggled. Key events included the May marquee auctions in New York, the second edition of Art Basel Paris, and November sales at Christie’s and Sotheby’s, which demonstrated a split-level market with record highs at the top and discipline elsewhere.

art market minute nov 24 2718376

Last week's New York marquee auctions saw record-breaking sales and billions of dollars in transactions, providing a much-needed boost of confidence after nearly three years of market contraction. The article reviews top sales and notable flops from the week, analyzing how these results are shaping the current market outlook.

christies kawamura memorial dic museum art monet renoir 1234752753

Christie’s has been consigned to sell works from the collection of the Kawamura Memorial DIC Museum of Art, including pieces by Claude Monet, Pierre-Auguste Renoir, Marc Chagall, Henri Matisse, and Henry Moore, as part of its fall marquee auctions. A top highlight is Monet’s oil painting *Nymphéas* (1907) with a low estimate of $40 million. The museum, located in Sakura, Japan, and owned by the DIC Corporation, decided last December to downsize and relocate, selling 75 percent of its 384 artworks valued at $77.5 million. The sale includes eight works in Christie’s 20th Century Evening Sale in November, with additional pieces in day sales for Impressionist and Modern Art as well as Post-War and Contemporary Art.