picasso christies hong kong industry moves

Christie's Hong Kong is offering Pablo Picasso's 1944 painting *Buste de femme* with a high estimate of HK$106 million (about $13.6 million) at its 20th/21st Century evening sale, making it the top lot in Hong Kong's September sales across the three major auction houses. Other notable lots include Zao Wou-Ki's *7.3.63* (estimate HK$70–90 million) at Christie's and two Yoshitomo Nara works at Sotheby's and Phillips. In other industry moves, New York's Tilton Gallery is closing after its upcoming Ruth Vollmer exhibition; Esther Schipper Gallery now represents Lotus L. Kang; Başak Doğa Temür and Nilbar Güreş will collaborate on the Turkish Pavilion at the 2026 Venice Biennale; Yan Du Project has appointed Billy Tang as artistic director; and Phillips will auction a juvenile triceratops skeleton in New York.

Joan Mitchell becomes most expensive female artist at auction in Asia with US$17.6m Sotheby's sale

Joan Mitchell’s diptych "La Grande Vallée VII" sold for HK$137 million (US$17.6 million) at Sotheby’s Hong Kong, setting a new record for the most expensive work by a female artist ever sold at auction in Asia. The 1983 masterpiece, part of a celebrated 21-painting cycle dedicated to a grieving friend, led a successful Modern and Contemporary Evening Auction that saw a 100% sell-through rate for its 54 lots. Other notable results included a Mark Rothko canvas that more than doubled its low estimate and significant sales for works by Sanyu and Zao Wou-Ki.

Phillips' Priority Bidding drives 100% sell-through at Hong Kong evening sale, totalling US$20.5m

Phillips achieved a 100% sell-through rate at its Modern and Contemporary Art Evening Sale in Hong Kong on 27 September, totaling nearly HK$160 million (US$20.5 million). All 20 lots sold, with six works exceeding HK$10 million. The top lot was Yoshitomo Nara's *Pinky* (2000), which sold for HK$56.64 million (US$7.2 million) after its estimate was lowered from HK$60–80 million to HK$35–55 million. The sale was the first major test of Phillips' new Priority Bidding (PB) system, which offers a reduced buyer's premium to collectors who place written bids at or above the low estimate at least 48 hours before the auction. Seven lots were withdrawn and several estimates revised downward ahead of the sale, contributing to the white-glove result.

Liu Wei’s "You Like Pork?" leads Poly Hong Kong modern and contemporary art sale at US$3.5m

Poly Auction Hong Kong concluded its modern and contemporary art sale on April 6, achieving a total of HK$76.4 million (US$9.8 million) with a 67% sell-through rate. The auction was headlined by Liu Wei’s 1995 masterpiece "You Like Pork?", which sold for HK$27.6 million (US$3.5 million) to a phone bidder. Other top performers included Zao Wou-Ki’s "15.07.67" from his Hurricane period and Wu Dayu’s "Rhymes of Beijing Opera," both of which surpassed the HK$10 million threshold.

Your Guide To Art Week Singapore 2026’s Must-See Events

Singapore Art Week 2026 transforms the Lion City into a stage for contemporary creativity, featuring a packed programme of exhibitions, auctions, and symposia from January through March. Key events include Sotheby’s Modern and Contemporary Art auction (21–24 January) spotlighting works by Walter Spies, Raden Saleh, David Hockney, and Takashi Murakami; the Tanoto Art Foundation’s first exhibition 'Rituals of Perception' at New Bahru School Hall (21 January–1 March); the inaugural Print Show & Symposium at STPI (22–31 January) with artists like Yayoi Kusama and Jeff Koons; and Loy Contemporary Art Gallery’s 'Mosaic SG' showcasing contemporary Italian artists under the patronage of the Embassy of Italy in Singapore.

Nara's vampire-girl portrait sells for US$10m at Sotheby's, leading US$43m Hong Kong Evening Sale

Sotheby's Modern and Contemporary Evening Auction in Hong Kong on 28 September achieved HK$335 million (US$43.1 million), with a 95% sell-through rate across 40 lots. The top lot was Yoshitomo Nara's 2012 painting *Can't Wait 'til the Night Comes*, which sold for HK$79.9 million (US$10.3 million) to a private Asian collector. A group of five works by Roy Lichtenstein from the artist's personal collection also debuted at auction, collectively bringing HK$46.4 million (US$5.9 million).

The Asian Market Carries Art Basel Hong Kong

Le marché asiatique porte Art Basel Hong Kong

Art Basel Hong Kong 2026 concluded with strong attendance and significant sales, demonstrating the fair's central role in the Asian art market. The event attracted over 91,000 visitors and featured 240 galleries, with a strong presence from the Asia-Pacific region, Europe, and the United States. Major international galleries like Gagosian, Hauser & Wirth, and David Zwirner reported multimillion-dollar sales of works by artists such as Louise Bourgeois, Liu Ye, and Marlene Dumas, alongside notable transactions for works by Tracey Emin and Antony Gormley.

Must-see art exhibitions in Hong Kong right now! (2025)

Hong Kong is hosting a vibrant array of must-see art exhibitions in December 2025, as highlighted in a curated guide. Key shows include 'Zao Wou-Ki: Master Printmaker' at M+, focusing on the artist's lithograph prints; 'Violet Veil' by Laura Zhang at The Extension, featuring meditative violet-hued works; 'Guan Yu vs. Wilson Shieh' at JPS Gallery, blending traditional gongbi painting with AI technology; and 'The Villepin House' at Villepin, celebrating the gallery's fifth anniversary with works by Zao Wou-Ki and Myo.

amid market uncertainty asian art posts standout results

A review of the top 20 auction lots sold globally in the first quarter of 2025 reveals that four of the five priciest works were either by Asian artists or sold in Asia, a shift from the dominance of Western works in London and New York during the same period in 2023 and 2024. Notable sales include a record-breaking Yuan dynasty calligraphy by Rao Jie at Sotheby’s Hong Kong for $32.2 million, Tyeb Mehta’s *Trussed Bull* setting an artist record at Saffronart in Mumbai, and M. F. Husain’s *Untitled (Gram Yatra)* becoming the first Indian Modern artwork to exceed $10 million at Christie’s New York. However, the total value of the top five lots fell to $73.7 million, down nearly 14% from 2024 and 46% from 2023, amid a broader downturn in Asian art sales, particularly in China.

CONTEMPORARY ART Day Sale on 6 December at 2pm - Christie's

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.

Strong sales and cross-market demand define Art Basel Hong Kong opening

Art Basel Hong Kong opened with robust sales and high energy, signaling a strong recovery for the Asia-Pacific art market. Blue-chip galleries reported several seven-figure transactions early on, including a $4 million Picasso at Bastian and a $3.8 million Liu Ye painting at David Zwirner. The fair's debut of the digital-focused 'Zero 10' initiative and a significant presence of regional collectors underscored a diverse appetite for both postwar masters and contemporary digital works.

Must-see exhibitions in 2026: APAC

The article highlights a curated selection of must-see art exhibitions across the Asia Pacific region in 2026. Key shows include Zao Wou-Ki's printmaking retrospective at M+ in Hong Kong, a major Cartier jewelry exhibition at the National Gallery of Victoria in Melbourne, and a survey of Western landscape art from the Centre Pompidou collection. Other notable exhibitions feature ancient Egyptian treasures at the Hong Kong Palace Museum, as well as shows dedicated to Klimt, Van Gogh, and Vermeer in Taipei and Japan.

Sotheby's auction: Modern & contemporary art

Sotheby’s is holding its Modern and Contemporary Art auction during Singapore Art Week, featuring rare works that have not been publicly available for decades. Highlights include Walter Spies’s *Die Schlittschuhlaufer (The Ice Skaters)*, estimated at $980,000–$1.8 million, and Raden Saleh’s *The Eruption of Mount Merapi, by day*, appearing at auction for the first time after being held in a private European collection for over a century. Other notable lots include works by Pacita Abad, Marc Chagall, Zao Wou-ki, Mai Trung Thu, and David Hockney. Public exhibition runs January 22–25 at The Singapore Edition, with the live auction on January 25.

Visual Art: Sotheby’s To Stage Modern and Contemporary Art Auction During SAW 2026, featuring works by Walter Spies and Raden Saleh

Sotheby’s will hold a Modern and Contemporary Art auction on 25 January during Singapore Art Week (SAW) 2026 at The Edition Singapore. The sale features rare works by early Southeast Asian masters, including Walter Spies’ "Die Schlittschuhläufer (The Ice Skaters)" (1922) and Raden Saleh’s "The Eruption of Mount Merapi, by Day" (1865), alongside Vietnamese silk paintings by Le Pho and Mai Trung Thu, and a David Hockney piece. The auction highlights a 60% rise in new bidders from Southeast Asia since 2022.

Sotheby's, SAM, and Siong Leng: Singapore art events

Sotheby's is holding a major auction in Singapore on January 25, featuring works by Indonesian Romantic painter Raden Saleh, German painter Walter Spies, and British artist David Hockney, among others. The auction includes Raden Saleh's 'The Eruption Of Mount Merapi, By Day' (1865), expected to fetch between $700,000 and $1.3 million, and Walter Spies' 'Die Schlittschuhlaufer (The Ice Skaters)' (1922), estimated at $980,000 to $1.8 million. Concurrently, the Singapore Art Museum (SAM) is presenting 'Nafasan Bumi – An Endless Harvest' from January 16 to May 31, featuring Indonesian artists Elia Nurvista and Bagus Pandega, whose works use nickel and palm materials to explore the environmental and social impacts of Indonesia's palm oil and nickel industries.

A Tale of Two Cities: Spring Auctions in Hong Kong and Shanghai

Christie's and Sotheby's held their spring marquee auctions in Hong Kong and Shanghai, timed to coincide with Art Basel Hong Kong for the first time. Christie's evening sale of 20th and 21st century art in Hong Kong achieved HKD 560 million (USD 72 million) with a 95% sell-through rate, led by Jean-Michel Basquiat's *Sabado por la Noche (Saturday Night)* (1984) at HKD 112.6 million. Other highlights included a new artist record for Zhang Enli's *Intimacy* (2002) at HKD 23.4 million, and strong sales for works by Yayoi Kusama, Zao Wou-Ki, and Adrian Ghenie, though most lots sold near their low estimates.

Singapore Art Week captures the many sides of this multi-faceted city

Singapore Art Week (SAW) 2026 showcases the city-state's multifaceted identity through a diverse range of artistic offerings. Highlights include the second iteration of Wan Hai Hotel, adapted from Shanghai's Rockbund Art Museum, which explores themes of water, migration, and diaspora with artists like Ho Tzu Nyen, Dawn Ng, and Robert Zhao Renhui. The premier art fair Art SG (23-25 January) runs alongside S.E.A. Focus, aiming to boost market access and solidify Singapore as a hub for Southeast Asian art.

Asian painters were ‘othered’ in Paris a century ago. Now, the art world is taking note

A new exhibition at Singapore's National Gallery, "City of Others: Asian Artists in Paris, 1920s-1940s," highlights the experiences of Asian painters who worked in Paris during the interwar period. These artists, including Le Pho, Sanyu, Tsuguharu Foujita, Liu Kang, and Georgette Chen, faced marginalization and exoticized expectations from European critics, who dismissed their work as either not "Asian" enough or insufficiently Western. Despite these challenges, they produced significant bodies of work blending Eastern and Western traditions.

A dreamscape in violet: Zao Wou-Ki’s "27.01.83" sells for US$2.3m at China Guardian Hong Kong

China Guardian Hong Kong's 2025 Autumn Auctions achieved approximately HK$70 million (US$8.9 million) in its Asian 20th Century and Contemporary Art Sale on 8 October. The top lot was Zao Wou-Ki's abstract canvas *27.01.83* (1983), which sold for HK$17.7 million (US$2.3 million), more than doubling its low estimate. The second-highest result was Li Chen's bronze sculpture *Dragon-Riding Buddha* (2001), which fetched nearly HK$11.15 million (US$1.4 million). The sale recorded an 85% sell-through rate across 99 lots.

The Best Art Exhibitions To Visit In Hong Kong This July

This article highlights three must-see art exhibitions in Hong Kong for July 2025. At Alisan Fine Arts, local artist Cherie Cheuk presents her first solo show, 'A Wrinkle In Time,' blending traditional Chinese ink painting with pop culture motifs like Super Mario and Pac-Man. At Villepin, 'Worlds Within' unites works by four migrant-influenced artists, including a debut Hong Kong showcase for Spanish-Filipino modernist Fernando Zóbel and a record-breaking painting by Lê Phổ. Ben Brown Fine Arts hosts 'Wish You Were Here,' a group show curated by Jie Xia featuring artists such as Gerhard Richter and Hilary Pecis, exploring themes of travel, paradise, and nostalgia.

Poly Auction Hong Kong Spring Auctions 2026: High Jewels and Watches, Modern and Contemporary Art Auctions to Be Held on 6 April

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.

art lending hong kong real estate sothebys

A high-profile Hong Kong real estate family, the Parkview group, explored an art-backed loan with Sotheby’s earlier this year, offering over 200 works by artists including Andy Warhol, Pablo Picasso, Salvador Dalí, Yue Minjun, Qi Baishi, and Zao Wou-Ki. The deal collapsed due to logistical challenges around transporting and warehousing the large collection at Sotheby’s facilities. Parkview clarified that no agreement was reached and no loan is expected, while Sotheby’s did not comment.

Picasso Achieves HK$197 Million Breaking Artist's Asia Auction Record at Christie's Hong Kong Evening Sale - Christie's

Christie's Hong Kong held its 20th/21st Century Evening Sale on 26 September 2025 at The Henderson, achieving a total of HK$565,649,000 (US$73,038,183). The top lot was Pablo Picasso's *Buste de femme*, which sold for HK$196,750,000 (US$25,404,911) after over 15 minutes of bidding, setting a new auction record for the artist in Asia. Zao Wou-Ki's *17.3.63* also performed strongly, achieving HK$85,200,000. The sale saw 92% of lots sold, with the overall hammer price 116% above the low estimate, and works by Chinese, Southeast Asian, Korean, and Japanese artists all sold out.

'The Chinese Avant-Garde in Paris' at Alisan Fine Arts, Central, Hong Kong on 22 May–15 Aug 2026

Alisan Fine Arts in Central, Hong Kong, presents 'The Chinese Avant-Garde in Paris' from 22 May to 15 Aug 2026 as part of its 45th anniversary 'Then and Now' programme. The exhibition features works by Zao Wou-ki, Chu Teh-chun, T’ang Haywen, and Walasse Ting—francophone Chinese diaspora masters who blended Chinese cultural roots with post-war Parisian modernism. Highlights include previously unseen ink works by Chu Teh-chun from the 1980s and 1990s, a rare black-and-white canvas by Walasse Ting from 1959, and a major 1970s canvas by Zao Wou-ki. The show anchors the 'Then' component of the programme, with a parallel 'Now' exhibition at Alisan Atelier, both part of the French May Arts Festival Associated Projects.

In Rodez, the haunting shadows of Sugimoto and Soulages meet in a cosmic exhibition

À Rodez, les ombres envoûtantes de Sugimoto et de Soulages se rencontrent dans une exposition cosmique

The Musée Soulages in Rodez is hosting a major exhibition titled "Hiroshi Sugimoto. Reprendre la mélodie," which creates a visual dialogue between the Japanese photographer and the late French master of black, Pierre Soulages. Curated and scenographed by Sugimoto himself, the show pairs iconic series such as "Theaters," "Seascapes," and the colorful "Opticks" with Soulages’ "Outrenoir" paintings. The exhibition highlights their shared fascination with the horizon, the origins of humanity, and the architectural presence of art within a space.

Christie's Hong Kong autumn sale drops 46% from last year but makes Picasso's record in Asia

Christie's 20/21st Century Autumn sale in Hong Kong on 26 September generated $72.6 million, a 46% drop from the same sale last year and roughly flat compared to its March sale. Despite the decline, a Picasso painting, *Buste de Femme* (1944), set a new Asia record at HK$196.75 million ($25.4 million) after a fierce bidding war. Other top lots included Zao Wou-ki's *17.3.63* (HK$85.2 million) and Yayoi Kusama's *Pumpkin [TWAQN]* (HK$34.66 million). The sale marked the first anniversary of Christie's Asia headquarters in the Henderson building. Sotheby's and Phillips also held autumn sales that weekend, with Sotheby's totaling HK$335.7 million and Phillips achieving HK$160 million.

Hong Kong’s live art auctions are thriving thanks to Picasso and Nara

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.

Phillips Hosts Landmark Hong Kong Auction To Celebrate 10 Years in Asia

Phillips celebrated its 10th anniversary in Asia with a landmark auction in Hong Kong on September 27 and 28, featuring a wide range of modern and contemporary art. The sale generated $28 million across evening and day auctions, with top lots including Yoshitomo Nara's "Pinky" ($7.2 million), Zao Wou-Ki's "27.01.86" ($3.83 million), and Tom Wesselman's "Smoker #17" ($1.8 million). The auction also included works by Andy Warhol, Takashi Murakami, Yayoi Kusama, and others, with a public preview held from September 22 to 28 at Phillips' West Kowloon galleries.

Top auction houses draw Southeast Asia’s elite art buyers

Auction houses Sotheby's, Christie's, and Bonhams are seeing a surge in participation from wealthy Southeast Asian collectors, particularly Millennials and Gen Z. Elaine Holt of Sotheby's Asia reports significant growth in collector activity from the region, with strong bidding at recent Hong Kong sales. Christie's Asia-Pacific president Francis Belin notes Southeast Asia is now the firm's third-largest buying market in Asia-Pacific, led by Singapore and Indonesia, with notable increases from Vietnam. Bonhams' managing director for Asia, Julia Hu, reports a 67% year-on-year rise in Southeast Asian auction spending. Younger buyers are driving demand, with Millennials and Gen Z accounting for 37% of Bonhams' Hong Kong buyers and 40% of Sotheby's Hong Kong marquee sales. A Renoir painting sold for $23.56 million to a collector in their 30s, highlighting youthful buying power.

Poly Auction Hong Kong Spring Auctions 2026 concluded on a high note

Poly Auction Hong Kong's Spring 2026 season concluded with a total of HKD 255 million in sales, representing a 23% increase over the previous autumn cycle. The auction was headlined by Liu Wei’s 1995 painting "You Like Pork?", which fetched HKD 27.6 million, followed by a Ming Dynasty 'Grapes' foliate-rim dish that sold for HKD 24.6 million. The event saw participation from collectors across 17 countries, with significant growth in the Modern and Contemporary Art and Jewels and Watches sectors.