Art News. Vasari Codex

person people schedule Jan 14, 2026 visibility 8 link 2 artists, 1 gallery

the asia pivot masumi shinohara

Masumi Shinohara, a Japanese-born, French-bred former luxury executive who joined Sotheby's Japan in April 2024 to lead its operations, has been promoted to managing director for Asia within his first year. He succeeded Nathan Drahi, son of majority owner Patrick Drahi, and now oversees Sotheby's expansion across the region amid a recovering global art market. The article features an interview with Shinohara discussing his transition from luxury brands (Valentino, L'Oréal, Ermenegildo Zegna) to the auction world, his childhood immersion in art through his father, and the strategic benefits of Sotheby's new permanent Hong Kong premises, Sotheby's Maison, which allows year-round auctions and thematic sales.

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trending_up market schedule Sep 11, 2025 visibility 11 link 2 artists

christies sothebys auction houses luxury fashion art

Auction houses Christie's, Sotheby's, and Phillips are increasingly relying on luxury goods—such as handbags, jewelry, wine, and whiskey—to offset a sharp decline in fine art sales. Fine art sales at these houses fell 44% in the first half of 2025 compared to 2022, creating a roughly $3 billion gap. Luxury sales have surged to a 20.2% market share by value in 2025, with Christie's reporting a 30% rise in luxury sales to $468 million in the first half of 2025, and Sotheby's luxury sales topping $2 billion for three consecutive years. Notable sales include a record $10 million Hermès Birkin bag and a $72 million jewelry auction in Geneva.

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trending_up market schedule Dec 8, 2025 visibility 16 link 11 artists

most expensive lots sold at auction in 2024

Artnet News analyzed the 10 most expensive lots sold at auction in 2024, drawing on the Artnet Price Database. The top lot was René Magritte's *L'Empire de Lumières* (1954), which sold for $121.2 million at Christie's New York in November, setting a new auction record for the artist and becoming the only work to break nine figures this year. Other notable sales included Ed Ruscha's *Standard Station, Ten-Cent Western Being Torn in Half* (1964) at $68.3 million, Claude Monet's *Nymphéas* (1914–17) at $65.5 million, and Jean-Michel Basquiat's *Untitled (ELMAR)* (1982) at $46.4 million. Seven of the top 10 lots sold in New York, with Hong Kong, London, and Vienna also represented.

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museum exhibitions schedule Nov 10, 2025 visibility 15 link 7 artists

Seeing beyond: Issam Kourbaj on mentoring three young artists for Abu Dhabi Art

Artist Issam Kourbaj is curating and mentoring three emerging UAE-based artists—Salmah Almansoori, Maktoum Al Maktoum, and Alla Abdunabi—for the Beyond Emerging Artists programme at Abu Dhabi Art, which runs November 19–23 at Manarat al-Saadiyat. The artists are creating new works for the fair and separate outdoor installations in Al Ain, including at historical sites like Al Ain Oasis and Jebel Hafeet Tombs, with the outdoor pieces on view for six months. Kourbaj, a Syrian-born artist based in Cambridge, selected the trio for their diverse materials and shared focus on place and memory.

newspaper The Art Newspaper open_in_new Read original

trending_up market schedule Apr 7, 2026 visibility 28 link 5 artists

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.

newspaper observer.com open_in_new Read original